竞赛围绕"红运安畅"党建服务品牌，由市交通运输行业党委主办，市交通运输综合行政执法支队、 镇江宝华物流有限公司、南京交投信息技术有限公司承办，来自全市道路危险货物运输企业的68名驾驶 员、押运员参与比拼，展示职业技能素养和应急处置水平。 竞赛分专业理论考试和实操技能考核两个环节。专业理论考试涉及危险货物运输法规、安全管理、 应急处置等业务知识，通过在线闭卷的方式进行。实操技能考核分驾驶安全操作和事故应急先期处置两 个项目。赛场上，选手们沉着冷静，严格遵循标准流程操作。经过激烈的角逐，竞赛最终评出18个个人 奖、6个小组奖、6个团体奖。 11月14日，首届"红运安畅·镇江市道路危险货物运输职业技能竞赛"在镇江宝华物流有限公司举 行。 道路危险货物运输是全市化工、医药、新能源等产业的重要保障，对驾驶技能和安全技能提出了较 高的要求。此次竞赛是市交通运输行业党委落实关爱货运司机的实际行动，为广大技能人才搭建了展示 的舞台。（潘良兴 记者 单杉） ...

Core Viewpoint - Hualian Huojun, a wholly-owned subsidiary of Hualian Co., Ltd., plans to acquire the land use rights of Hunan Anxun Logistics Co., Ltd. for business development purposes, with the transaction amounting to approximately 1.721 million yuan [1] Group 1: Transaction Details - The market value of the land use rights was assessed at 1,721,419.00 yuan, including VAT, as of February 28, 2025 [1] - The agreed total transfer price for the asset is 1,721,400.00 yuan, which is consistent with the assessed market value [1] - The transaction is classified as a related party transaction since Anxun Logistics is an affiliate of the company [1]

Core Insights - Lianyungang is enhancing its business environment through innovative services and supportive government policies, aiming to create a more favorable atmosphere for enterprises [1][9] Group 1: Logistics and Trade - Lianyungang is actively innovating in logistics to reduce costs and improve efficiency, with 772 international freight trains operated from January to October this year [2] - The city has established six premium freight train routes covering Central Asia and Europe, significantly expanding its service reach [2] - A new data corridor between Lianyungang and Horgos is being developed to enhance connectivity and efficiency in the New Eurasian Land-Sea Corridor, reducing cargo handling time from 30 hours to under 5 hours, achieving an overall efficiency increase of 80% [3] Group 2: Regulatory Reforms - The city has implemented a "comprehensive inspection once" reform, reducing redundant inspections by 12,710 times this year, a decrease of 46.59%, thus alleviating the burden on enterprises [6] - Lianyungang has streamlined environmental approval processes, allowing a company to complete necessary permits in just 15 days, significantly faster than previous timelines [4] Group 3: Pharmaceutical Industry - The "Chinese Medicine Port" in Lianyungang is fostering a robust pharmaceutical ecosystem, attracting companies like Shenzhen Beimei Pharmaceutical, which established a children's medicine production base [7] - The economic development zone has developed a "4+N" industrial system, with the new pharmaceutical industry being a key pillar, housing major companies and becoming a significant base for innovative drugs and exports [7][8] Group 4: Government Initiatives - The local government is focused on continuous improvement of the business environment, with a dedicated leadership group and regular meetings to address optimization efforts [10] - Lianyungang is enhancing administrative efficiency through standardized processes and a unified service platform, aiming to improve the overall experience for businesses [11][12]

Financial Data and Key Metrics Changes - The company reported an EBITDA under management of BRL 7.4 billion, which is approximately BRL 1 billion lower than in 2024, primarily impacted by the results of MOVE, Haddad, and Raizen [3] - The net income for the period was negative BRL 1.2 billion, attributed to lower EBITDA and higher financial expenses [3] - Net debt remained relatively stable, slightly increasing compared to Q2 2025, with a debt service coverage ratio of one time [4][9] Business Line Data and Key Metrics Changes - Rumo experienced an increase in transported volumes but a reduction in average tariffs, resulting in a 4% increase in EBITDA [5] - Compass saw higher distributed volumes and an increase in the residential segment's participation, leading to a 6% growth in EBITDA [6] - Moove reported stable volumes compared to 2024, with a 13% increase in volume sold compared to Q2 2025, although EBITDA was 7% lower [7] - Raizen's sugarcane crushing increased due to favorable weather conditions, but lower sugar prices negatively affected EBITDA [8] Market Data and Key Metrics Changes - The fuel distribution segment in Raizen showed healthy margins due to operations against irregular players in Brazil [8] - The company noted a significant increase in the participation of the residential segment in Compass, which has healthier margins [6] Company Strategy and Development Direction - The company aims to improve its capital structure and has been exploring various alternatives, including potential divestments [12][14] - The focus will be on integrating new shareholders and identifying growth options while maintaining the quality of the portfolio [18][19] - The company plans to streamline operations and reduce expenses significantly, targeting a 50% reduction in annual costs at the holding company level [67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of the company following recent capital increases and the integration of new shareholders [16][18] - There is a clear commitment to resolving the capital structure and focusing on building value again after addressing current challenges [81] - The management emphasized the importance of not rushing asset sales and ensuring that divestments are made at the right price [61] Other Important Information - The company has received approximately BRL 500 million in insurance proceeds related to the reconstruction of the plant [7] - Changes in the board of directors were made in line with the new shareholders' agreement, which is expected to positively impact the company's future [33][39] Q&A Session Summary Question: Allocation rationale in terms of supply and outcome - Management explained that the recent offerings prioritized existing shareholders and were successful, with significant demand [24][25] Question: Strategy regarding subsidiary companies, particularly Raizen - Management acknowledged the need for urgent solutions for Raizen's capital structure and ongoing discussions with Shell [27][28] Question: Context of changes in directors and impact on Raizen - The changes were a consequence of new partners coming in and were seen as positive for the company's future [33] Question: Role of the holding company in the new context - The holding company will focus on creating efficiencies and will no longer be a vehicle for future investments [50] Question: Timing for new decisions about the company's portfolio - Management indicated a sense of urgency for Raizen's capital structure solutions, aiming for a resolution within six months [60] Question: Streamlining measures at the holding company level - Management confirmed that a process to streamline the structure has been mapped, with a target to cut costs by half [67][68] Question: Divestment agenda and priorities - Radar is identified as a priority for potential divestment, with further decisions based on capital allocation priorities [69]

Financial Data and Key Metrics Changes - The company reported an EBITDA under management of BRL 7.4 billion, which is approximately BRL 1 billion lower than in 2024, primarily impacted by the results of MOVE, Haddad, and Raizen [3][4] - The net income for the period was negative BRL 1.2 billion, attributed to lower EBITDA and higher financial expenses [3] - Net debt remained relatively stable, slightly increasing compared to Q2 2025, with a debt service coverage ratio of one time [4][9] Business Line Data and Key Metrics Changes - Rumo experienced an increase in transported volumes but a reduction in average tariffs, resulting in a 4% increase in EBITDA [5] - Compass saw higher distributed volumes and an increase in the residential segment's participation, leading to a 6% growth in EBITDA [5] - Moove reported stable volumes compared to 2024, with a 13% increase in volume sold compared to Q2 2025, although EBITDA was 7% lower [6] - Raizen's sugarcane crushing increased due to favorable weather conditions, but lower sugar prices affected EBITDA [8] Market Data and Key Metrics Changes - The fuel distribution segment in Raizen showed healthy margins due to operations against irregular players, translating into higher profitability [8] Company Strategy and Development Direction - The company aims to improve its capital structure and has been exploring divestment options while preserving the quality of its portfolio [12][16] - The focus will be on integrating new shareholders and identifying growth options without pressure to sell assets at unfavorable prices [17][36] - The holding company will no longer serve as a vehicle for future investments, emphasizing efficiency and streamlining operations [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of the company following recent capital increases and the integration of new shareholders [14][15] - There is a sense of urgency to resolve capital structure challenges, particularly for Raizen, with expectations for solutions within six months rather than years [41][42] Other Important Information - The company has received approximately BRL 500 million in insurance proceeds related to the reconstruction of the Rio de Janeiro plant [6][40] - Significant changes in the board of directors were made in line with new shareholders' contributions, aimed at streamlining operations and enhancing efficiency [27][28] Q&A Session Summary Question: What was the allocation rationale in terms of supply and the outcome? - The company prioritized existing shareholders during the capital offerings, with significant demand indicating market confidence in the company's future [20][21] Question: What is the strategy considering the subsidiary companies, particularly Raizen? - Management acknowledged the need for urgent solutions for Raizen's capital structure and ongoing discussions with Shell to find a resolution [22][23][24] Question: Can you provide context on the changes in directors and their impact on Raizen? - Changes in the board were a consequence of new partners coming in, which are expected to positively influence the company's future [26] Question: What is the role of the holding company moving forward? - The holding company will focus on creating efficiencies and will not be used as a leveraging tool for future growth [36] Question: What is the timeline for resolving investments and the company's portfolio? - Management indicated a sense of urgency to resolve capital structure issues, with no need for fire sales of assets, focusing instead on strategic divestments [41][42] Question: Can you comment on the streamlining measures at the Holdco level? - The company has mapped a process to streamline operations, aiming for a significant reduction in annual expenses [44] Question: What is the divestment agenda and order of priority? - Radar is identified as the first asset for potential divestment, with further decisions based on capital allocation priorities [46]

Core Viewpoint - SF Holding reported a net profit attributable to shareholders of 2.57 billion yuan for Q3 2025, a year-on-year decrease of 8.5%, while achieving operating revenue of 78.4 billion yuan, a year-on-year increase of 8.2% [1] Group 1: Financial Performance - The total parcel volume reached 4.31 billion, reflecting a year-on-year growth of 33.4%, indicating a significant increase in market share [1] - The company expects net profits attributable to shareholders for 2025, 2026, and 2027 to be 11.04 billion, 12.48 billion, and 14.09 billion yuan, respectively, with corresponding PE ratios of 18.5, 16.4, and 14.5 [1] Group 2: Business Strategy - The accelerated expansion of business scale is primarily attributed to the ongoing "activation operation" mechanism and strategic resource investment in 2025 [1] - The company is dynamically adjusting market strategies, implementing differentiated authorization in business regions, and shifting the incentive focus from scale-driven to value-driven [1] Group 3: Operational Improvements - SF Holding plans to fully integrate internal and external resources, deepen operational model innovation, and promote network and resource stratification to adapt to diverse logistics business development [1] - The company has raised the share repurchase amount for the first phase of 2025 to a scale of 1.5 to 3 billion yuan, demonstrating confidence in future development and long-term strategy [1]

>> 全国高速公路货车通行5783.2万辆，环比增长2.57%； >> 监测港口完成货物吞吐量26564.3万吨，环比下降1.09%，完成集装箱吞吐量644.1万标箱，环比下降 5.45%； 央视网消息：据交通运输部微信公众号消息，11月10日—11月16日，全国物流保通保畅运行数据： >> 国家铁路运输货物8179.7万吨，环比增长0.17%； >> 民航保障航班11.9万班（其中货运航班5646班，包括国际货运航班3820班，国内货运航班1826 班），环比增长0.87%； >> 邮政快递揽收量约44.19亿件，环比增长4.72%；投递量约44.4亿件，环比增长5.59%。 ...

Core Insights - Peru is the first Latin American country to sign a comprehensive free trade agreement with China and is one of the earliest participants in the Belt and Road Initiative, with trade between China and Peru reaching $19.149 billion from January to May 2025, a year-on-year increase of 30.7% [1] Trade and Economic Cooperation - China is Peru's largest trading partner, and the successful operation of the Chancay Port, set to begin in 2024, is expected to generate approximately $4.5 billion in annual economic benefits and create over 8,000 direct jobs [1] - The Chancay Port aims to become a key logistics hub connecting South America and Asia, significantly optimizing logistics efficiency and facilitating Sino-Peruvian trade [1][4] Consumer Trends in China - There is a rising trend in health-conscious consumption among Chinese consumers, leading to increased demand for Peruvian agricultural products such as blueberries, avocados, and quinoa [2] - The demand for convenience has surged, particularly among younger consumers, driving the growth of the frozen food market, prompting Peru to promote frozen fruits and vegetables in China [2] - Emotional consumption and the "self-care economy" are on the rise, with Peruvian alpaca toys gaining popularity among Chinese consumers, reflecting a blend of cultural significance and emotional appeal [3] - The trend towards premium and personalized products is evident in the coffee sector, where Peruvian specialty coffees are gaining recognition among Chinese coffee enthusiasts, particularly in emerging markets [3] Logistics and Trade Facilitation - The China-Peru Free Trade Agreement has led to the expansion of bilateral trade, with many Peruvian products enjoying zero tariffs, enhancing trade facilitation [4] - The opening of direct shipping routes from Chancay to Shanghai has reduced the shipping time for fresh Peruvian products from 35 days to 23 days, lowering logistics costs and increasing competitiveness in the Chinese market [4] Socioeconomic Impact - The alpaca toy industry in Peru is experiencing annual growth of 20% to 35%, providing significant income and employment opportunities for local artisans, particularly women, and helping to preserve traditional crafts [5] - Collaboration with Chinese partners in brand development and market expansion is enabling Peru to better meet the demands of Chinese consumers, integrating Peruvian products into the vibrant Chinese market [5] Future Outlook - There is an expectation for continued collaboration through platforms like the China International Import Expo to showcase Peru's diverse and high-quality products, aiming for further cooperation in agricultural technology and market development [6]

2024年4月，中国（陕西）—俄罗斯经贸合作交流会期间，西安浐灞国际港与俄罗斯爱科牛集团签 署设立进口乳制品交易分拨中心及班列运输合作协议，陕西粮农油脂集团有限公司与西伯利亚力量有限 责任公司签订菜籽油采购协议，其他与会企业代表也进行了积极的对接洽谈。 经贸合作如火如荼，人文交流并肩同行。今年3月，陕西省文化旅游代表团赴俄罗斯沃洛格达州等 地开展文旅交流活动。6月，陕西省友好代表团访俄，参加了圣彼得堡国际经济论坛相关活动，双方围 绕共建"一带一路"，推动经贸、物流等领域合作进行了深入交流。 "从贸易到人文，从现代农业到跨境电商，陕西与俄罗斯地方在贸易畅通、民心相通等方面的交流 与合作正走向更广领域、更深层次、更高水平。"陕西省贸促会相关负责人表示，随着一系列民生民用 互惠合作项目的落地实施，两地的互利共赢关系有望结出更加丰硕的成果。（记者：梁易炜） 11月14日，记者从中国国际贸易促进委员会陕西省分会（以下简称"陕西省贸促会"）获悉：近年 来，陕西深度融入共建"一带一路"大格局，不断加强与俄罗斯在农业、物流等领域的交流与合作，取得 了一系列务实成果。从经贸交流到园区共建，从企业精准对接到文化旅游互动，双方合作 ...

【环球时报综合报道】在近日公布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建 议》（以下简称《建议》）中，加快西部陆海新通道建设被列为高质量共建"一带一路"的组成部分，凸 显其在扩大高水平对外开放中的重要意义。11月12日至13日，2025陆海新通道经济发展论坛系列活动在 重庆成功举办，各界人士汇聚渝城，共同探讨西部陆海新通道的建设路径并规划"十五五"时期通道的发 展蓝图。 中国社会科学院学部委员李向阳表示，西部陆海新通道对于西部地区拓展海外市场、降低运输成本发挥 了明显成效，但未来各方需超越对其单纯的交通运输线的认知，将它置于"一带一路"框架下的经济走廊 从运输通道向经济走廊跃迁 建设成果获多方认可 明年是"十五五"开局之年，与会人员围绕谋划通道"十五五"高质量发展、深化通道产业链供应链合作、 加快构建西部陆海新通道综合服务体系、共建共享共用数字陆海新通道、加快推进西部陆海新通道"氢 走廊"建设等方面进行深入研讨，纷纷建言献策，共商通道建设方向和发展路径。 本届论坛以"创新协同 共建共享 赋能跃升"为主题。在13日上午举行的开幕式上，中国海关总署副署长 赵增连，广西壮族自治区党委常委、自治区政府 ...