格隆汇8月25日丨海晨股份(300873.SZ)公布2025年半年度报告，上半年公司实现营业收入8.72亿元，同 比增长7.46%；归属于上市公司股东的净利润1.30亿元，同比下降13.30%；归属于上市公司股东的扣除 非经常性损益的净利润1.11亿元，同比增长0.39%；基本每股收益0.5656元。 ...

证券日报网讯 8月25日晚间，传化智联发布公告称，公司第八届董事会第三十次会议审议通过了《关于 2025年半年度报告及其摘要的议案》等多项议案。 （文章来源：证券日报） ...

尽管宏观经济环境充满不确定性及挑战，集团于报告期内仍维持纯利19.1百万港元（2024年上半年： 20.2百万港元）及除利息、税项、折旧及摊销前收益（EBITDA）93.6百万港元（2024年上半年：104.4 百万港元）。 格隆汇8月25日丨嘉泓物流(02130.HK)发布公告，截至2025年6月30日止六个月，集团录得收益约1,461.5 百万港元（2024年上半年：1,223.6百万港元），同比上升约19.4%。货运代理服务业务（包括空运及海 运代理服务）连同邮轮物流业务录得分部业绩收益由2024年上半年约1,038.9百万港元上升约25.8%至报 告期约1,307.0百万港元。 ...

格隆汇8月25日丨嘉诚国际(603535.SH)公布，近日收到知名跨境电商平台之一发出的《中标通知书》， 公司成功中标其华东地区智慧仓运营服务项目。客户为知名的跨境电商平台之一、科技含量最高的新型 电商、近年来业务增长迅速、市场影响力卓越。该知名的科技电商正凭借其"内容+电商"的深度融合模 式引领全球零售变革。以"内容驱动、AI智能化、全托管服务"为核心，为商家提供"轻资产出海"可能。 运用AI大模型、虚拟试穿等技术的深度融合进一步重塑电商格局。其月活跃用户领先，为电商转化奠 定庞大流量基础。GMV突破全年有望达700亿美元，已实现爆发式增长，覆盖欧美、东南亚等多个国 家，其通过技术驱动和生态创新重塑全球电商格局。 ...

嘉诚国际(603535.SH)公告称，公司成功中标知名跨境电商平台的华东地区智慧仓运营服务项目，合同 金额预计可增厚公司业绩，深化与该平台的合作关系，拓展高附加值服务边界。此项目为公司与该客户 的再次合作，体现了客户对公司一体化服务能力的认可。合同金额按完整年度计算预计可达公司上年度 经审计净利润的10%以上。 ...

报告期内，公司探索公路港共性模式，打造核心产品，推动资产转型升级，稳步推进资产招商及客户经 营，实现营业收入6.14亿元，毛利率80.48%，同比提升1.64个百分点。截止报告期，累计实现公路港入 驻企业8,674家，出租率86.4%，经营面积626.3万平方米，车流量1611.5万车次，实现平台营业额339.85 亿元。 智通财经APP讯，传化智联(002010.SZ)发布2025年半年度报告，该公司营业收入为122.26亿元，同比减 少5.38%。归属于上市公司股东的净利润为5.09亿元，同比增长76.01%。归属于上市公司股东的扣除非 经常性损益的净利润为2.81亿元，同比增长12.82%。基本每股收益为0.1843元。 报告期内，物流服务业务持续聚焦产业客户的拓展与服务。聚焦主机厂、品牌4S店等客户，提升新能 源汽车领域服务能力。持续深化与化学板块的业务合作，同时立足化学物流项目，拓展巴德富、云中马 等客户。立足公路港全国仓网与运力资源，以项目制运营模式打造标准化的仓产品，在杭州、包头、淄 博、新郑、成都等25港实现产品复制。截止报告期末，供应链物流服务累计运营仓储面积36.2万平方 米，累计在运营客 ...

广东原尚物流股份有限公司2025 年半年度报告 公司代码：603813 公司简称：*ST 原尚 广东原尚物流股份有限公司 广东原尚物流股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人余军、主管会计工作负责人黄秋娜及会计机构负责人（会计主管人员）黄秋娜 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬请投资 者注意风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本年度报告"管理层讨论与分析"有关章节中详细描述了 ...

Core Viewpoint - Jun Gao Holdings (08035.HK) anticipates a significant increase in losses for the six months ending June 30, 2025, projecting a loss attributable to shareholders between approximately HKD 10 million and HKD 11 million, compared to a loss of about HKD 8 million for the same period ending June 30, 2024 [1] Financial Performance - The projected loss is primarily attributed to a decrease in gross profit from air and sea freight forwarding services [1] - There is also a reduction in gross profit and gross profit margin from logistics and warehousing services [1] - Despite these challenges, the group recorded an increase in gross profit from e-commerce fulfillment services [1] - Administrative and selling expenses decreased, mainly due to reductions in legal and professional fees, as well as lower salaries and allowances [1]

Investment Rating - The report maintains an "Outperform" rating for JD.com Inc (9618.HK) with a target price of 167 HKD, reflecting a 12x PE for 2026 [4][9]. Core Insights - JD's retail business continues to improve operational efficiency, with a significant increase in daily takeaway orders during the 618 shopping festival, which is expected to accelerate retail growth [1][13]. - The revenue for Q2 2025 reached 356.7 billion RMB, marking a year-on-year increase of 22.4%, the highest growth rate in three years [10]. - Non-GAAP net profit for Q2 2025 was 7.4 billion RMB, down 49% year-on-year, primarily due to investments in the takeaway business [12]. Financial Summary - Total revenue projections for JD.com are adjusted to 1,332.36 billion RMB for 2025, with a growth rate of 15% [4]. - Non-GAAP net profit estimates for 2025 are set at 26.54 billion RMB, reflecting a significant decrease from previous forecasts [4]. - The gross profit margin for Q2 2025 was 15.88%, indicating a continuous improvement in operational efficiency over 13 consecutive quarters [12]. Business Segment Performance - JD Retail's operating profit for Q2 2025 was 13.9 billion RMB, up 37.9% year-on-year, with an operating profit margin of 4.5% [11]. - The logistics segment reported an operating profit of 2 billion RMB, down 10.3% year-on-year, with an operating profit margin of 3.8% [11]. - New business operations incurred a loss of 14.8 billion RMB in Q2 2025, reflecting increased investments in the takeaway sector [11]. User Engagement - Active user numbers and shopping frequency both grew over 40% year-on-year, indicating strong customer engagement and retention [10].

Group 1 - The core viewpoint of the news is the deep supply chain collaboration between Cainiao and the national brand Jianlibao, aimed at optimizing the direct-to-consumer (DTC) model, enhancing consumer experience, and reducing logistics costs [1] - The collaboration allows for a 24-hour delivery service within the coverage area of the Foshan warehouse, marking a significant upgrade in supply chain services from warehousing and distribution to a full production-consumption link [1] - Future plans include expanding the direct delivery model to Jianlibao's national production bases and exploring automation, cross-border integrated supply chains, and green logistics [1] Group 2 - Jianlibao's Vice President Zhao Yonggang emphasized the importance of this collaboration in transforming traditional retail logistics into a more efficient model that closely aligns with consumer needs [1] - Cainiao's Asia-Pacific Marketing Head Tian Jian stated the goal is to establish this DTC supply chain model as a benchmark in the beverage industry, leveraging intelligent forecasting systems to enhance production responsiveness to market demand [1] - Jianlibao's CFO Li Hongmin highlighted that the partnership is a significant step towards embracing new e-commerce retail and supply chain innovations, projecting annual savings of nearly one million yuan in logistics costs and improved market response times [1] Group 3 - The collaboration includes a designed pallet transportation solution that reduces unloading time by over 6 hours and decreases damage rates by more than 30%, while also saving on pallet and labor costs [1] - Cainiao is recognized as a leading global logistics company, providing end-to-end supply chain management solutions and warehousing operations for numerous domestic and international brands [2] - Over half of the top 50 global fast-moving consumer goods brands have established long-term partnerships with Cainiao, showcasing its strong presence in the fast-moving consumer goods sector [2]