Core Viewpoint - Jiangxi Changyun Co., Ltd. is holding a half-year performance briefing on September 26, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in Q&A sessions [2][3][4]. Group 1: Meeting Details - The meeting is scheduled for September 26, 2025, from 10:00 AM to 11:30 AM [5]. - It will take place at the Shanghai Stock Exchange Roadshow Center, accessible via the website https://roadshow.sseinfo.com/ [5]. - The format will include video live streaming and online interaction [3][5]. Group 2: Participation and Interaction - Investors can submit questions from September 19 to September 25, 2025, by visiting the Roadshow Center's website or emailing the company [2][6]. - The company will address commonly asked questions during the briefing [3][6]. - Key personnel participating in the meeting include the Chairman, CFO, and Board Secretary [4][5]. Group 3: Contact Information - For inquiries, investors can contact Wang Yuhui or Huang Yi at phone number 0791-86298107 or via email at dongsihui@jxcy.com.cn [6]. - After the meeting, the main content and details will be available on the Roadshow Center's website [6].

Core Points - The new bus transfer service at Hangzhou West Railway Station officially started operations on September 17, providing convenient travel options for passengers [1] - The bus stop is located on the first floor of the station, with easy access via metro lines 3 and 19 [1] - Several routes to nearby destinations such as Qichun, Sheyang, and Anji have been launched, with additional services planned for the upcoming National Day holiday [1] Group 1 - The bus transfer point enhances travel convenience for passengers, allowing seamless connections from high-speed rail to bus services [1] - The service includes various routes, with plans to optimize and add more based on passenger demand [1] - Ticket sales for the upcoming Mid-Autumn Festival and National Day holidays began on September 18, with options for short-distance tickets and charter services available through the "Longyun Accompany You" app [1] Group 2 - Intercity bus services have been established to multiple locations including Tonglu, Jiande, and others, with ticket purchasing available through various platforms [2] - Passengers can utilize real-name ticketing by scanning their ID cards for boarding, and electronic invoices can be requested via the official WeChat account [2]

齐鲁晚报·齐鲁壹点记者 王瑞超 其中，9月30日下午、10月1日和10月8日将出现客流高峰，主要以返乡、探亲、学生及旅游出行为主；其余时段客流量较平日亦有明显增加，整体保持平稳 有序。 为保障旅客顺利出行，济南长途汽车总站将根据客流动态，在热门线路、高峰时段灵活增派车辆、加密班次。此外，车站持续优化服务措施，推出"点对 点"定制专线，并开设"爱心通道""学子直通车""旅游直通车""暖心服务站"等特色服务，全方位满足不同旅客的出行需求。 即日起，旅客可通过济南长途汽车总站官方微信公众号、线上购票平台提前购买"双节"假期客票。如有班次咨询或订票需求，也可拨打客服热线0531-96369 获取帮助。 为方便旅客提前安排假期行程，济南长途汽车总站现已全面预售国庆节、中秋节（10月1日至8日）客票。据往年同期客流趋势分析，预计今年"双节"期间车 站客流将显著上升，中短途出行需求较为突出。 ...

Group 1 - The company reported a total operating revenue of 363 million yuan for the first half of 2025, representing a year-on-year decline of 20.44% [1] - The net profit attributable to shareholders of the parent company was -27.78 million yuan, which is a loss increase of 19.60 million yuan compared to the same period last year [1] - The basic earnings per share were -0.09 yuan [1]

Group 1 - The company, Haikong Group, announced the appointment of Mr. Chen Jian as the Vice General Manager, effective from the date of the board's approval until December 31, 2026 [1] - The revenue composition for Haikong Group in 2024 is as follows: 58.78% from passenger transport, 24.12% from comprehensive automotive services, 10.91% from other businesses, and 6.2% from passenger station operations [1] - As of the report, Haikong Group has a market capitalization of 6.6 billion yuan [1]

此条国际客运班线的开通，为跨境出行的中外旅客提供了稳定、便捷的公路运输新选择。在畅通中俄毗邻地区经贸、旅游往来的同时，推动了中俄双方交 通运输业发展，为未来深化国际经济合作提供了高效的交通保障，有效助力中俄两国务实合作与民间友好往来。 国际道路旅客班车 0546 РЕЙСОВЫЙ АВТОБУС CHN 中国内蒙古·满洲里 岸 俄 罗斯 阿金斯克 后贝加尔斯克 E 洲 2 - 4 ЗАБАЙКАЛЬСК РОССИЯ-АГРИСКОЕ 直金 КИТАЙ-МАНЬЧЖУРИЯ U-T BWD 满洲里市 :: 纳媒体中心 Manzhouli Me from 为贯彻落实国家"一带一路"倡议和自治区扩大向北开放相关要求，加强与俄罗斯毗邻地区间的经贸与人员往来，满洲里国际汽车客运站新增满洲里至俄罗 斯阿金斯克的国际公路客运定期线路。该线路在8月7日试运营后，于18日正式开通。 据了解，满洲里至俄罗斯阿金斯克的国际客运线路是继满洲里至俄罗斯后贝加尔斯克、赤塔、红石、博尔吉亚以后开通的又一条新线路。该班线线路全程 约350公里，发车时间为中方车每周一至周五上午7:50，俄方车每周二、周四至周日下午3：30。 ...

Group 1 - The company announced that Mr. Wang Zhaoxue has resigned from his position as Vice General Manager due to work-related changes, and he will no longer hold any position within the company after his resignation [2] - For the fiscal year 2024, the revenue composition of the company is as follows: 58.78% from passenger transportation, 24.12% from comprehensive automotive services, 10.91% from other businesses, and 6.2% from passenger station operations [2]

Core Viewpoint - The major asset restructuring of Haikong Group has faced significant delays and uncertainties, with no clear resolution in sight after more than three years of attempts [1][5][8]. Restructuring Progress - Haikong Group announced on August 8 that the completion of the restructuring remains uncertain, dependent on negotiations with the transaction party and other approvals [1][5]. - The restructuring plan has undergone three modifications, with the latest adjustment involving a shift from equity issuance to cash and/or asset payments, abandoning the fundraising component [7][8]. Financial Performance - Haikong Group has experienced continuous financial pressure, with a cumulative net loss of 569 million since 2020, and a projected loss of 26 to 32 million for the first half of 2025 [3][10][11]. - The company's asset-liability ratio reached 70.70% by the end of the first quarter of 2025, indicating significant financial strain [4][11]. Market Conditions - The performance of Haikong Group's target acquisition, Hainan Duty-Free, has not met expectations due to rapid changes in the duty-free market and increased competition [2][8]. - The traditional passenger transport sector, which is a core part of Haikong Group's business, has been shrinking, contributing to ongoing losses [3][11]. Historical Context - The restructuring process began in May 2022, with an initial valuation of Hainan Duty-Free at 5 billion yuan, which has since been revised down multiple times due to underperformance [6][10]. - The company's revenue has declined from approximately 1.3 billion yuan in 2012 to around 840 million yuan in 2024, reflecting a downward trend in its core operations [10].

Group 1 - The national cross-regional personnel flow from January to May 2025 reached 28.637 billion person-times, with a cumulative growth of 4.7% [1] - In May 2025, the national cross-regional personnel flow was 5.90025 million person-times, representing a year-on-year increase of 8%, with the growth rate improving by 4.6 percentage points compared to the same period last year [1] - Month-on-month growth in May 2025 was 10.25% [1]

Group 1 - The core viewpoint indicates that the national road passenger flow in China reached 26.362 billion person-times from January to May 2025, reflecting a cumulative growth of 4.5% [1] - In May 2025, the national road passenger flow was 540.448 million person-times, showing a year-on-year increase of 7.7%, with the growth rate improving by 4.5 percentage points compared to the same period last year [1] - The month-on-month growth in May 2025 was 10.58%, indicating a significant increase in road travel activity [1]