【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 ...

Core Insights - The Chongqing International Logistics Hub Park serves as the starting point for the Western Land-Sea New Corridor's rail-sea intermodal trains, emphasizing the importance of logistics in the real economy [1] - The construction of the Western Land-Sea New Corridor is crucial for establishing a foreign trade pattern characterized by "land-sea internal and external linkage, and east-west mutual assistance" [1] Group 1: Strategic Development - The Shapingba District is leveraging the construction of the Western Land-Sea New Corridor as a strategic driver to accelerate the development of a hub network and enhance logistics industry clusters [1] - There is a focus on improving port support functions and continuously elevating the capabilities of the international logistics hub [1] Group 2: Innovation and Efficiency - The district is centered on institutional innovation, emphasizing customs facilitation, port digitization, and cost reduction [1] - A significant reform in customs facilitation for the import of food and medicinal products has reduced the customs clearance time from 15 days to 30 minutes, while storage costs have decreased by 50% [1] - Collaboration with the railway port comprehensive bonded zone has improved operational efficiency by over 10% through breaking down data barriers [1] Group 3: Growth in Transportation - The variety of goods transported via the Western Land-Sea New Corridor's rail-sea intermodal trains has expanded from over 50 to 1,316 types, covering 18 provinces, 75 cities, and 163 stations in China [2] - The corridor has reached 577 ports in 127 countries and regions, with over 1.2 million TEUs transported this year, marking a year-on-year increase of over 63% [2]

北交所策略专题报告 2025 年 11 月 16 日 北交所成中小企业并购重组首选地，华光源海收购汉牛物流布局钢铁物流 ——北交所并购专题报告第十一期 北交所研究团队 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 北京市发布《助力并购重组意见》支持北交所成为中小企业并购重组首选地 从新"国九条"到"并购六条"，2024 年起，并购重组市场迎来了诸多积极信号。 产业整合、跨界并购，为产业发展注入了新的动力。2025 年 10 月 29 日，中共 北京市委金融委员会办公室制定《中共北京市委金融委员会办公室等七部门关于 助力并购重组促进上市公司高质量发展的意见》，意见涵盖六条核心内容，其中 特别提到发挥证券交易场所并购重组主阵地作用，支持北京证券交易所、全国中 小企业股份转让系统股份有限公司发挥服务创新型中小企业主阵地优势，成为 中小企业并购重组交易首选地，逐步做大影响力。我们认为，定位为主要服务创 新型中小企业的北交所，能够及时把握并购机遇。在北交所公司并购的趋势方向 上，应重点关注：（1）同一集团内优质资源整合；（2）新质生产力行业外延并 购；（3）"强链补链" ...

坐拥我国地理几何中心的区位，西安天然成为辐射全国的物流枢纽。来自长三角的消费电子、珠三角的 家电产品在西安国际港集结，"搭班列、向西行"，形成"内陆集结、全球分拨"的新格局。 西安国际港，这座曾经的边缘小站，在经过三次扩能后，已跃升为占地5600亩、拥有59条作业线的国际 陆港，年吞吐能力达540万标箱。 数字赋能，智慧平台提升全链效能 新华财经西安11月16日电（记者陈永强、张新新、雷肖霄）千年前，驼铃悠悠，回荡在古丝绸之路；如 今，在丝路起点西安，嘹亮的风笛声正接续历史的回音。初冬的西安国际港站，轨道纵横、集装箱林 立，一列列印着"中欧班列"标志的"钢铁驼队"整装待发，犹如现代版沙漠之舟，驶向亚欧大陆深处。 2013年，西安发出首趟中欧班列。十二载春秋过去，这里的中欧班列开行量已突破3万列，开行量、货 运量、重箱率等核心指标连续多年位居全国第一。一座不沿边不靠海的内陆城市，何以崛起为横贯东 西、连接欧亚的集结中心？近日，记者走进西安国际港，探寻其高速成长的密码。 织路成网，多向拓展打通国际动脉 走进西安国际港站调度中心，巨型屏幕上光点流动，18条国际干线如金色丝线，向西、向北、向南延 伸，将亚欧大陆紧密联 ...

Core Insights - Guanghui Logistics has signed transportation agreements with multiple external clients for the year 2026, with a total contract volume exceeding 7 million tons [1][2] - The company has seen a significant increase in its transportation capacity due to the gradual implementation of key railway projects in Xinjiang [1] - Guanghui Logistics reported a year-on-year increase of 38.95% in transportation volume for the first nine months of 2025, accounting for approximately 30% of Xinjiang's total coal transportation [1] Group 1 - The total contract volume for the newly signed agreements is over 7 million tons, with a total contract value of approximately 700 million yuan [1] - The new orders represent the company's first annual contracts for the transportation of semi-coke and blown coal with external clients [1] - The company aims to further expand its market share and achieve business growth through the utilization of the newly operational railways [1] Group 2 - The recent orders have broadened the company's business scope and strengthened its market position in Xinjiang's coal transportation sector [2] - The agreements enhance the brand influence of the company as a key player in the Xinjiang coal transportation corridor [2]

Core Insights - The article highlights the rapid growth of cross-border e-commerce in Zhengzhou, particularly during the "Double Eleven" shopping festival, with a significant increase in order volume and export value [2][4]. Group 1: Cross-Border E-Commerce Growth - Zhengzhou's cross-border e-commerce has seen a remarkable increase, with over 243 billion yuan in import and export value this year, marking a nearly 24% year-on-year growth [2]. - The average daily outbound orders have reached around 70,000, accounting for more than one-third of the total business volume at the Henan Bonded Logistics Center [2]. - On "Double Eleven," the order volume approached 200,000, showcasing the peak demand during the shopping festival [2]. Group 2: Air Cargo and Logistics Expansion - Zhengzhou Airport has achieved a cumulative cargo volume of 825,200 tons by November 3, representing a 24.76% year-on-year increase, surpassing last year's total cargo volume ahead of schedule [3]. - The airport's international cargo volume has consistently increased, with over 60% of the total cargo being international, supported by the "Air Silk Road" initiative [3]. - The number of international cargo flights has exceeded 50 per week, with a total of 68 all-cargo routes established, enhancing global connectivity [3]. Group 3: Overall Trade Performance - In the first ten months, Henan Province's total import and export value reached 741.12 billion yuan, reflecting a 14.5% year-on-year growth [4]. - Zhengzhou's total import and export value for the first three quarters was 433.25 billion yuan, with exports alone amounting to 285.57 billion yuan, indicating a 35.7% increase [4]. - The growth in exports is primarily driven by products such as computers, communication technology, mobile phones, and automobiles [4].

Core Insights - The total logistics cost in China for the first three quarters of this year reached 14.2 trillion yuan, with a ratio to GDP of 14.0%, marking a decrease of 0.1 percentage points compared to the same period last year, maintaining the lowest level since statistics began [1] Group 1: Policy and Government Initiatives - The Chinese government is actively promoting cost reduction and efficiency improvement in the logistics industry through various policies, including the issuance of opinions on accelerating the construction of rural logistics systems and action plans to effectively lower logistics costs [1] - Local governments are implementing related policies and measures to enhance transportation efficiency and reduce logistics costs [1] Group 2: Infrastructure and Network Development - In Guangdong, increasing the proportion of railway freight volume and reducing logistics costs across multimodal transport chains are crucial for improving logistics efficiency [2] - The Guangzhou East Rail and Road Intermodal Hub has become a significant logistics hub, with 1,398 international trains dispatched by September this year, valued at 35.15 billion yuan, covering 34 cities in 17 countries [2] - Hubei province is enhancing its infrastructure connectivity, with plans to increase railway freight turnover by approximately 10% by 2027 and an annual growth of around 15% in port container intermodal transport [2] Group 3: Innovations in Logistics Services - The opening of the Qiantang District's Xiasha Port in Hangzhou has established a water transport network covering 13 routes, significantly reducing logistics costs by over 300 yuan per container compared to road transport [3] - The introduction of unmanned delivery vehicles in rural areas has increased delivery frequency and volume, with a 30% year-on-year growth in package deliveries [4] - The integration of transportation resources by the Guangzhou Railway Bureau and customs has improved overall customs efficiency by over 30% [5] Group 4: Financial Innovations Supporting Logistics - Financial institutions in Zhejiang are encouraged to innovate financial products like "freight loans" and "warehouse receipt pledges" to support logistics companies [7] - A logistics company in Shaoxing received a credit of 1.4 million yuan within a week to expand its operations, demonstrating the responsiveness of financial services to market needs [7] - Hubei province is promoting a model that integrates passenger and freight transport to reduce delivery costs, with 71 county-level comprehensive service centers established [7]

Core Insights - The total logistics cost in China for the first three quarters of this year reached 14.2 trillion yuan, with a ratio to GDP of 14.0%, marking a decrease of 0.1 percentage points compared to the same period last year, maintaining the lowest level since statistics began [1] - The Chinese government is actively promoting cost reduction and efficiency improvement in the logistics industry through various policies and initiatives [1] Group 1: Logistics Efficiency and Infrastructure Development - In Guangdong, enhancing railway freight volume and reducing logistics costs across multimodal transport chains are crucial for improving logistics efficiency [2] - The Guangzhou East Rail and Road Intermodal Hub has significantly increased its international freight services, with 1,398 international trains dispatched by September this year, valued at 35.15 billion yuan, covering 34 cities in 17 countries [2] - Hubei province is strengthening its logistics infrastructure, aiming for a 10% increase in railway freight turnover by 2027 and a 15% annual growth in port container intermodal transport [2] Group 2: Innovations in Logistics Services - The opening of the Qiantang District's Xiasha Port in Hangzhou has established a water transport network with 13 routes, reducing logistics costs by over 300 yuan per container compared to road transport [3] - The introduction of unmanned delivery vehicles in rural areas has increased delivery frequency and volume, with a 30% year-on-year growth in package deliveries [4] - The integration of logistics resources through a "one-stop" service model has improved customs clearance efficiency by over 30% for intermodal transport [5] Group 3: Financial Innovations Supporting Logistics - Financial institutions in Zhejiang are encouraged to innovate products like "freight loans" and "warehouse receipt pledges" to support logistics companies [7] - A logistics company in Shaoxing received a loan of 1.4 million yuan within a week to expand its operations, demonstrating the responsiveness of financial services to market needs [7] - Hubei province has implemented a model combining passenger and freight transport to reduce delivery costs, with 71 county-level service centers established [7]

Core Viewpoint - The launch of the "Wuhan = Wuhu" air cargo route by JD Logistics marks a significant step in enhancing logistics capabilities in the central China region, facilitating the rapid distribution of local products and improving consumer access to global goods [3][8]. Group 1: Logistics Network Development - The new air cargo route is part of JD Logistics' strategy to build a comprehensive logistics network in Central China, integrating air, high-speed rail, and cold chain land transport [3]. - This route will enable the quick transportation of Hubei specialty products, such as Honghu hairy crabs, and high-tech products from the Wuhan Optics Valley to consumers nationwide and globally [3][8]. Group 2: Consumer Benefits - The air cargo service will allow for rapid delivery of fresh products, with the example of Honghu hairy crabs being delivered to consumers in the Yangtze River Delta by the next day after order placement [3]. - The route will also enhance the availability of fresh produce and fruits from around the world to Wuhan residents, improving their access to diverse food options [3][8]. Group 3: Economic Impact - The establishment of this air cargo route supports the "E-products out of Hubei" initiative and contributes to the regional economy by enhancing logistics infrastructure [8]. - JD Logistics' ongoing investments in Wuhan, including e-commerce industrial parks and automated sorting centers, are aimed at creating a robust smart logistics network in Central China [8]. - The new air route is expected to improve the cargo handling capacity of Tianhe Airport, boosting the overall cargo throughput and supporting the manufacturing upgrade and export of specialty industries in the central region [8].

Group 1: Company Overview - The company currently has no acquisition plans and will disclose any future plans in accordance with legal requirements [2] - The company is actively pursuing green development by acquiring new energy transportation and handling equipment, including AGV intelligent handling robots [3] Group 2: Service Offerings - The company's warehousing services cover a variety of products, including aluminum ingots, aluminum rods, electrolytic copper, stainless steel, aluminum alloy ingots, aluminum coils, zinc ingots, tin ingots, cast aluminum alloys, industrial silicon, and cotton yarn [3] - The business structure for the first half of 2025 shows that transportation services account for 78% of revenue, while comprehensive warehousing services account for 21.32% [3] Group 3: Revenue Distribution - Revenue distribution by region for the first half of 2025 is as follows: - South China: 24.94% - East China: 23.72% - Southwest: 5.35% - Northwest: 16.79% - Central China: 10.69% - North China: 10.37% - Northeast: 0.04% - Hong Kong, Macau, Taiwan, and overseas: 8.10% [3]