Core Viewpoint - The company reported a net profit of 453,860,168.23 yuan for Q1 2025 after deducting interest on perpetual bonds, indicating a focus on financial transparency and accountability [3][4]. Financial Performance - The company achieved a net profit of 584 million yuan in Q1 2025, a decrease of 20 million yuan year-on-year [4]. - The supply chain operation segment contributed a net profit of 848 million yuan, an increase of 75 million yuan or 9.72% year-on-year, attributed to higher profits from pulp and paper and some mineral products [4]. - The real estate segment reported a net loss of 91 million yuan, a decrease of 34 million yuan year-on-year, primarily due to the absence of a previous year's investment gain from the sale of equity [4]. - The home furnishing mall operation segment incurred a net loss of 172 million yuan, a decrease of 61 million yuan year-on-year, impacted by external environmental factors and increased fair value losses on investment properties [5]. Corporate Governance - The board of directors and senior management confirmed the accuracy and completeness of the quarterly report, taking legal responsibility for its content [2][3].

在近日召开的2025苏州全球招商大会上，417个签约项目、3415.7亿元的投资总额，再次彰显了苏州作 为全球投资热地的强大吸引力。与会企业代表纷纷表示，从政策扶持到产业赋能，苏州以法治护航、精 准服务，为企业发展注入了强劲动能。 法治化营商环境为企业发展保驾护航 东西协作彰显企业社会责任担当 苏州优质营商环境带来的经济、社会效益还在向外溢出。 多年来，在苏州"政策引导+服务保障"机制推动下，众多企业积极响应东西部协作号召，怀着社会责任 感在贵州、云南、新疆等地建设生产基地，形成了"产业延伸+技术帮扶"的特色模式。 其中，在苏州市农业农村局组织下，苏州的农业产业化龙头企业赴贵州铜仁投资，成立了涵融供应链， 开发了现代化冷链基地，推动当地农产品降本增效、走向全国市场。这种"造血式"帮扶模式，不仅体现 了企业社会责任感，也为区域协同发展注入了新活力。 政府赋能企业，企业反哺社会，涵融供应链这样成功的良性循环案例，在苏州蔚然成风。亨通集团在新 疆建设了光缆生产基地，莱克电气在青海开拓了清洁能源项目，均实现了经济效益与社会效益的双赢。 在这片投资热土上，法治阳光与产业雨露正滋养着更多企业茁壮成长，书写新时代的"苏州共 ...

公司表示，2025年将继续落实"十四五"战略规划要求，推进"三链融合"业务模式升级，坚持业务转型、 模式创新，打造差异化核心竞争力。 厦门国贸（600755）4月29日晚间发布2025年度第一季度报告。报告显示，公司2025年第一季度实现营 业收入705.34亿元，归属于上市公司股东的净利润4.22亿元，同比增长2.76%，环比大幅改善，取得 2025年业绩"开门红"。公司表示，第一季度供应链管理业务积极贯彻"三链融合"发展新模式，聚焦高质 量业务发展，主要经营品种的经营质量和盈利能力稳中有进，对公司整体业绩企稳回升起到积极作用。 根据一季报数据计算，公司第一季度毛利率同比提升0.32个百分点至2.01%，经营质量提升显著。 公开信息显示，公司一季度持续推进战略规划，实施多项重要举措。在物流领域，公司与辽宁港口股份 有限公司签订"总对总"协议，升级"供应端+港口端"合作模式，双方将在大宗商品内外贸、综合物流及 物流金融服务等方面开展全方位协作，共同打造定制化的港口物流服务解决方案；与安通控股 （600179）股份有限公司签署战略合作协议，双方将从单一业务合作向生态化协同转型，未来重点围绕 集装箱物流、多式联运 ...

白酒：五一临近关注宴席场景拉动，Q1 板块释压预计总体持平微增。本周白酒板块-1.75%， 表现弱于食品饮料整体以及沪深 300，我们认为主要系：①当前处白酒消费淡季，需求端总体 仍偏弱；②25Q1 行业主动调整去库存&高基数背景下报表端预计承压。本周舍得酒业、华致 酒行发布一季报，天佑德酒、顺鑫农业、五粮液、老白干酒发布年报&一季报，总体表现符合 预期（五粮液25Q1略超预期），从目前发布的酒企财报来看预计降速释压仍是酒企24Q4&25Q1 主旋律。五一旺季来临各头部品牌纷纷加码婚宴投入力度，从多地酒店宴席预订量增长情况来 看，五一期间白酒宴席场景预计有增长，或加速行业库存去化节奏，助力行业逐步走出调整。 4 月 25 日中央政治局会议提到，要加紧实施更加积极有为的宏观政策，用好用足更加积极的 财政政策和适度宽松的货币政策，同时，还提到将通过创设新工具精准引导资金流向科技创新、 扩大消费、稳定外贸等领域。当前（2025-04-26）申万白酒指数 PE-TTM 为 19.44X，处于近 10 年 11.49%的合理偏低水位，在中央政治局会议积极定调背景下，建议关注后续具体刺激政 策出台为板块带来的估值修复机会 ...

Group 1: Industry Overview - The logistics supply chain sector's overall performance is constrained due to international external factors, with over 60% of the 24 companies that disclosed their Q1 2025 reports experiencing negative net profit growth, averaging a decrease of approximately 34% [1] Group 2: Company Developments - Dongfang Jiasheng is actively exploring opportunities in the semiconductor industry chain, focusing on the incremental potential in repair services and trade [1] - The company is expanding its international freight routes to Europe and the United States, enhancing its cross-border e-commerce business by leveraging its global overseas warehouse layout and efficient full-chain service capabilities [1] - Dongfang Jiasheng has established a multimodal transport network for international logistics, with the launch of the "Yuexin Express" rail-air intermodal service on April 18, which will connect to its TIR cross-border road transport and international air transport [1] - The company aims to serve international markets in Europe and Central Asia with its multimodal transport solutions, supporting domestic enterprises' overseas expansion and facilitating imports for leading foreign companies [1] Group 3: Financial Performance - In Q1 2025, Dongfang Jiasheng reported revenue of 890 million yuan, a year-on-year increase of 8.64%, while the net profit attributable to shareholders was 43.39 million yuan, a decrease of 14.49% primarily due to investment income and revaluation of trading financial assets [4] - The company's net profit after deducting non-recurring items was 40.79 million yuan, reflecting a year-on-year decrease of 3.82% [4] - The company has built and implemented self-built projects in Chongqing and Kunming, with ongoing developments in Shenzhen, aiming to enhance its global warehousing network, which currently exceeds 250,000 square meters [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002889 证券简称：东方嘉盛 公告编号：2025-021 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第一季度报告是否经审计 □是 R否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 R是 □否 追溯调整或重述原因 □会计政策变更 □会计差错更正 □同一控制下企业合并 R其他原因（上年同期每股收益调整的原因系本 公司2024年5月完成资本公积转增股本，对上年同期指标进行重新计算。） （二） 非经常性损益项目和金额 R适用 □不适用 单位：元 其他符合非经常性损益定义的损益项目的具体情况 （三） 主要会计数据和财务指标发生变动的情况及原因 R适用 □不适用 二、股东信息 ...

Group 1 - The global automotive manufacturing landscape is undergoing significant transformation by 2025, with companies like Aptiv actively adjusting to these changes [1] - Aptiv is promoting a fully localized supply chain strategy in China, aiming for self-sufficiency in its OEM customer business and local OEM export business [1][2] - The company emphasizes a "China for China" approach, ensuring that its intellectual property and R&D capabilities are rooted in China [2] Group 2 - At the Shanghai Auto Show, Aptiv showcased localized intelligent automotive solutions, including a real-time operating system and virtualization platform, focusing on emerging industries [2] - The company aims to achieve 100% localization in its solutions, allowing for flexible partnerships with domestic suppliers [2][3] - The current domestic chip localization rate in China is only 15%, indicating significant room for growth in this area [2] Group 3 - Aptiv acknowledges the challenges in achieving higher localization rates for automotive-grade chips and is committed to strengthening its supply chain in China [3] - The company is actively collaborating with local partners to create an ecosystem that supports domestic OEMs in their export efforts [5][6] - Aptiv's strategy includes leveraging its capabilities to support the export of Chinese automotive innovations, particularly in the electric vehicle sector [6]

Core Insights - The fast-moving consumer goods (FMCG) industry is undergoing a deep reshuffle in the "involution stock" era, facing multiple challenges such as inefficient product selection, rising logistics costs, inventory backlog, chaotic channel management, and reliance on paper-based ordering processes [1][3][5] - The establishment of the "Smart Barley Joint Procurement Alliance" marks a significant step towards a collaborative supply chain network aimed at providing new pathways for distributors to navigate the challenges of stock competition through resource integration and model innovation [3][5][6] Group 1: Industry Challenges - Distributors are struggling with low efficiency in product selection due to poor pallet assembly, leading to increased pressure as they invest more [1] - Continuous rise in logistics costs is squeezing profit margins, while inventory backlogs create a vicious cycle [1] - Traditional supply chain processes are becoming cumbersome, necessitating a shift towards lightweight operations to reduce costs and improve efficiency [1] Group 2: Alliance Formation - The Smart Barley Joint Procurement Alliance was launched on April 25, involving key regional supply chain platforms to create a nationwide collaborative network [3][5] - The alliance focuses on "regional linkage + digital empowerment" to enhance supply chain collaboration and provide innovative solutions for distributors [3][5] Group 3: Strategic Framework - The alliance operates on a "1+3 driving model," which includes shared pallets, co-distribution, empowering support, and digital information systems to create a tightly-knit regional alliance [5][6] - Key strategies include resource sharing to lower procurement costs, optimizing logistics through shared warehousing, and providing digital transformation support for small and medium-sized distributors [5][6] Group 4: Digital Transformation - The alliance aims to achieve full-chain digitalization, enabling real-time market insights and improved decision-making for distributors through a unified information system [5][6] - The digital solutions encompass order management, inventory monitoring, and channel data analysis, enhancing operational efficiency [5][6] Group 5: Long-term Growth - The alliance's initiatives are designed to help distributors adapt to digital operations and overcome growth bottlenecks, fostering a collaborative ecosystem for sustainable profitability [6][20]

Core Insights - Shenzhen Oriental Jiasheng Supply Chain Co., Ltd. reported a significant increase in revenue and profit for the year 2024, with total revenue reaching 3.552 billion yuan, a year-on-year growth of 31.97%, and net profit attributable to shareholders at 192 million yuan, up 20.50% [1] - The company announced a profit distribution plan, proposing a cash dividend of 0.75 yuan per 10 shares and a capital reserve conversion of 4 shares for every 10 shares [1] Revenue Breakdown - The cross-border e-commerce logistics segment saw remarkable growth, generating 1.698 billion yuan in revenue, a staggering increase of 1922.83%, becoming the largest growth driver for the company [1] - The consumer food segment achieved revenue of 370 million yuan, reflecting a year-on-year growth of 59.23%, solidifying the company's position as a leader in the imported alcoholic beverage supply chain [1] - The medical health segment reported revenue of 162 million yuan, with a growth of 16.34%, expanding its global center warehouse business in collaboration with leading medical testing companies [1] Strategic Focus for 2025 - The company plans to focus on "industry deepening" and "technology empowerment" as its two main strategic lines, aiming to enhance its competitive advantage in the supply chain service sector through digital upgrades and warehouse network expansion [2] - In the vertical industry segment, the company is exploring opportunities in the semiconductor supply chain, particularly in repair services and trade, leveraging its strategic investment capabilities [2] - The company aims to expand its international freight routes to Europe, the UK, and the US, while deepening its cross-border e-commerce business by utilizing its global overseas warehouse layout [2] Digital Transformation Initiatives - The company intends to integrate AI technology into its supply chain operations, aiming to automate customs documentation processing and improve accuracy to 99% [2] - A logistics warehouse cloud ecosystem is being developed to enhance digital capabilities, facilitating data communication across customs, warehousing, and transportation processes [2] - The company is collaborating with leading industry players to explore the construction of a logistics robot matrix, focusing on customized solutions for high-value goods to improve operational safety and efficiency [2] Warehouse Network Expansion - The company has completed the construction of warehouses in Chongqing and Kunming, with ongoing projects in Shenzhen, resulting in a total operational warehouse area exceeding 250,000 square meters [3] - This expansion is expected to significantly reduce external leasing costs and improve operational quality [3] - The company is also developing cross-border multimodal transport products to enhance transportation efficiency and optimize costs, aiming to build a rapid freight logistics network covering Europe, the US, and Southeast Asia [3]