Core Viewpoint - The board of directors of Guangdong Yuanshang Logistics Co., Ltd. held its first meeting of the sixth session, where all resolutions were passed unanimously without opposition, including the election of key management positions and the sale of a subsidiary [1][2][3][4][5][6]. Group 1: Board Meeting Details - The meeting was held with all five directors present, and the notice was sent via email on August 22, 2025, waiving the three-day advance notice requirement [1]. - All resolutions were passed with a unanimous vote of 5 in favor, with no votes against or abstentions [1][2][3][4][5][6]. Group 2: Election of Key Positions - Yu Jun was elected as the chairman of the board, with a term starting from the date of the resolution until the end of the current board's term [1]. - Yu Jun was also appointed as the general manager, with the same term conditions [3]. - Huang Qiuna was appointed as the financial officer, and Yuan Liyun was appointed as the board secretary, both with terms aligned with the current board [4]. - Ma Xiaoli was appointed as the securities affairs representative, also with a term aligned with the current board [4]. Group 3: Committee Elections - The board elected members for various committees, including the Strategic and Investment Management Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee, with all members' terms aligned with the current board [2]. Group 4: Subsidiary Sale - The company plans to sell its 51.0204% stake in Guangdong Yuanshang Hengchen Agricultural Development Co., Ltd. due to unsatisfactory operational performance, with the transaction price set at zero based on an asset evaluation report indicating a negative equity value of -936,300 yuan as of June 30, 2025 [5]. Group 5: Business Scope Modification - The board approved changes to the business scope of its wholly-owned subsidiary, Hong Kong Yuanshang Logistics Co., Ltd., expanding its operations to include import and export trade and retail [6]. Group 6: Financial Reporting - The board approved the company's 2025 semi-annual report and its summary, which will be disclosed on the Shanghai Stock Exchange and designated media [6].

Group 1 - The planning service center in Daiyue District focuses on providing comprehensive support for key projects to ensure their implementation and contribute to regional economic and social development [1] - The center adopts a "service first" philosophy, establishing a work ledger, clarifying task assignments, and actively communicating with project units to track the progress of project approvals [1] - The center has optimized the approval process by simplifying procedures and creating a "green channel" for key projects, effectively shortening the approval cycle [1] Group 2 - Key projects such as the Huaneng Tai'an 2×9F gas-steam combined cycle cogeneration project and the Zhongxin Huachuang Smart Industry Park have received planning approvals, which will significantly boost the economic development of Daiyue District [2] - The planning service center aims to further enhance responsibility and optimize service measures to provide higher quality and more efficient services for key projects in the future [2]

Core Insights - The service industry in Jintan District is experiencing significant growth, driven by policy guidance, project initiatives, and industry integration, becoming a key engine for regional economic growth [1] - Key indicators show remarkable performance, with the district's above-scale service industry achieving revenue of 4.328 billion yuan, a year-on-year increase of 21.7%, while the total service industry revenue reached 4.072 billion yuan, growing by 24.0% [1] - The collaboration between cultural tourism and transportation services is evident, enhancing the service industry's offerings, with major events attracting significant visitor numbers and boosting local tourism [1] Project Development - Key project construction is fundamental for service industry growth, with three projects selected as provincial key service industry projects, marking a record high for the district [2] - The district is enhancing support for these projects by optimizing the service environment, ensuring land availability, and implementing talent attraction policies [2] - Mechanisms are in place for regular project progress monitoring and problem-solving to ensure smooth implementation [2] Innovation and Future Outlook - Jintan District is actively fostering enterprise innovation by identifying and submitting five high-quality innovative service scenarios for city-level recognition, which could lead to more policy support [3] - The service industry is expected to maintain a positive development trend, achieving new breakthroughs in scale, quality, and efficiency, contributing further to regional economic growth [3]

Core Viewpoint - The delivery of 500 XCMG new energy heavy trucks marks a significant step in promoting green logistics in Guizhou, focusing on reducing carbon emissions and enhancing operational efficiency in the construction materials transportation sector [1][3][7]. Group 1: Delivery and Technology - The 500 XCMG new energy heavy trucks are equipped with CATL's power battery technology and Suzhou Green Control's electric drive system, optimized for the mountainous terrain of Guizhou, improving heavy load climbing performance [3]. - The operational vehicles have achieved a 45% reduction in energy consumption costs per kilometer on short-distance mining transport routes, resulting in a monthly decrease of over 300 tons in carbon dioxide emissions [3]. Group 2: Ecosystem and Policy Support - The "New Energy Logistics Co-Creation Platform" ecosystem integrates manufacturing capabilities from vehicle manufacturers, technological advantages from energy companies, and logistical resources from logistics firms, creating a model of "zero-carbon energy network, electric capacity network, comprehensive refueling network, and cloud-based intelligent network" [5]. - Guizhou has actively responded to the "dual carbon" goals by prioritizing road rights for new energy logistics, providing charging and battery swap subsidies, and promoting industry alliance construction to support the green transformation of bulk goods transportation [7]. Group 3: Strategic Partnerships and Future Plans - The event saw the signing of strategic cooperation agreements with six companies, including Guangdong Yutong Qiyuan Chip Power and Chongqing Zhongji New Energy, as well as partnerships with eight other firms, aiming to provide a one-stop service including vehicle leasing, sourcing, financial support, charging network, intelligent scheduling, and after-sales service [11]. - The model developed in Guizhou is set to be promoted nationwide, facilitating the widespread application of new energy heavy trucks in mining, construction materials, and urban distribution sectors [11].

Group 1: Company Overview - Smart Logistics (SLGB) is headquartered in Fuzhou, Jiangxi, and focuses on long-distance transportation of industrial raw materials, utilizing smart hardware and IoT technology to optimize logistics solutions [1][2] - Hongbo Capital (RNBW) is based in Hong Kong and provides financial and compliance consulting services [3][5] - Agencia Comercial (AGCC) is located in Taiwan and specializes in the sale and distribution of bottled and barrel whiskey, including brand-authorized bottling and packaging [5][7] Group 2: Financial Information - Smart Logistics reported annual revenue of nearly $100 million, leading among the three companies, with a net profit of $1.19 million for 2024, down from $1.32 million in the previous year [1][2] - Hongbo Capital's revenue for the six months ending March 31, 2025, was $1.54 million, with a net profit of $780,000 [3][5] - Agencia Comercial achieved revenue of $2.54 million in 2024, with a net profit of $780,000 [5][7] Group 3: IPO Plans - Smart Logistics plans to issue 1 million shares at a price range of $5 to $6 per share, aiming to raise between $5 million and $6 million [1] - Hongbo Capital intends to issue 1.38 million shares priced between $4 and $5, targeting a fundraising range of $5.5 million to $6.88 million [3] - Agencia Comercial plans to issue 1.75 million shares at a price range of $4 to $6, with a fundraising goal of $7 million to $10.5 million [5]

天眼查App显示，近日，中山市元益建材有限公司成立，注册资本20万人民币，经营范围为一般项目： 建筑材料销售；轻质建筑材料销售；建筑用钢筋产品销售；非金属矿及制品销售；水泥制品销售；金属 材料销售；金属结构销售；机械设备销售；装卸搬运；国内货物运输代理；软件开发；软件销售；技术 服务、技术开发、技术咨询、技术交流、技术转让、技术推广；信息系统集成服务；信息咨询服务（不 含许可类信息咨询服务）；五金产品零售；五金产品批发；管道运输设备销售；仪器仪表销售；建筑装 饰材料销售；金属制品销售；物料搬运装备销售；建筑用金属配件销售；物联网应用服务；金属链条及 其他金属制品销售；土石方工程施工。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）许可项目：第一类增值电信业务；第二类增值电信业务；道路货物运输（不含危险货物）；道路货 物运输（网络货运）；建设工程施工。（依法须经批准的项目，经相关部门批准后方可开展经营活动， 具体经营项目以相关部门批准文件或许可证件为准）。 ...

Core Viewpoint - The article discusses the tax implications for companies receiving compensation from logistics companies for lost goods, clarifying that such compensation does not require the issuance of a VAT invoice as it is not considered a taxable item [2][3]. Tax Implications of Compensation - When a logistics company compensates a client for lost goods, the client is not required to issue a VAT invoice because the compensation does not fall under taxable activities [3]. - The compensation received is not classified as "additional costs" that would necessitate a VAT invoice, as it does not arise from a taxable transaction [6]. Policy References - The article cites the "Invoice Management Measures of the People's Republic of China," which stipulates that invoices should be issued for sales of goods or services, but exceptions apply in certain circumstances [4]. - It also references the "Interim Regulations on Value-Added Tax," which defines "additional costs" and clarifies that compensation paid by logistics companies does not qualify for VAT invoicing [7]. Tax Deduction Considerations - According to the "Corporate Income Tax Law of the People's Republic of China," companies can deduct reasonable expenses related to income generation, including losses and other expenditures [10]. - For logistics companies that do not have a VAT invoice, they can use other external documents as proof for tax deductions [10].

Core Insights - The 2025 China International Service Trade Fair (CIFTIS) will feature a transportation service exhibition from September 10 to 14, focusing on advanced technologies and solutions in the transportation sector [1][2] Group 1: Exhibition Overview - The exhibition will showcase over 100 leading global companies, with 60% being Fortune 500 and industry leaders, and an international participation rate of 24% [3] - Key participants include COSCO Shipping Group and Beijing Investment Group, which will present cutting-edge innovations in digital transportation, smart manufacturing, and green low-carbon technologies [3][4] Group 2: Smart Public Transportation - The Smart Public Transportation area will highlight solutions from major companies like Beijing Subway and Capital Highway Development, focusing on urban traffic management [3][4] - Innovations such as smart stations, maintenance robots, and facial recognition entry systems will be displayed [4] Group 3: Smart Logistics Services - The Smart Logistics Services area will present global supply chain innovations, including blockchain delivery systems and automated port technologies from COSCO Shipping [4] - Other companies like China Post and Meituan will showcase their advancements in cross-border logistics and drone delivery systems [4] Group 4: Shared Parking Platform - The Beijing Static Traffic Shared Parking Platform will be introduced, integrating government, enterprise, and citizen resources to create a smart parking ecosystem [6][7] - The platform has dynamically connected 5,076 parking lots and 1.257 million parking spaces, facilitating over 1.23 million parking demand matches [6][7]

Group 1 - The China International Service Trade Fair will host a transportation service exhibition from September 10 to 14, focusing on transportation technology, logistics, and smart transportation, aiming to showcase advanced technologies and solutions in the transportation sector [1] - The exhibition has attracted over 100 leading global companies, achieving a 100% completion rate for exhibitors, with 60% being Fortune 500 and industry leaders, and 24% international participation [2] - Notable first-time exhibitors include COSCO Shipping Group and Beijing Investment Yijia, showcasing cutting-edge products in digital transportation, smart manufacturing, and green low-carbon technologies [2] Group 2 - Several companies will debut new products during the exhibition, including Beijing Investment Yijia, which will present an intelligent passenger flow control system aimed at creating a leading subway smart service system [3] - The exhibition features two main areas: smart public transportation and smart logistics services, highlighting Beijing's solutions for large urban transportation challenges [4] - Beijing Subway will showcase innovations such as smart stations and maintenance robots, while other companies will present projects focused on low-carbon operations and smart logistics [4][5] Group 3 - The smart logistics service area will demonstrate global supply chain innovations, with COSCO Shipping presenting blockchain delivery orders and automated terminal technologies [5] - China Post will showcase cross-border bonded warehouse achievements and drone delivery solutions, while Meituan will introduce a delivery matrix involving drones and autonomous vehicles [5] - An interactive experience area will allow attendees to engage with smart transportation systems, enhancing the exhibition experience [5] Group 4 - The exhibition will also host over ten supporting activities, including product launches and signing agreements, facilitating connections between exhibitors and clients [6] - A specialized forum on September 12 will focus on new paradigms in transportation services for mega cities, featuring discussions with experts and industry leaders [6]

Core Viewpoint - The China International Service Trade Fair will host a transportation service exhibition in Beijing, focusing on smart public transport and logistics solutions, showcasing advanced technologies and innovations in urban traffic management [1][2]. Group 1: Exhibition Overview - The exhibition will take place from September 10 to 14 at the Shougang Park, featuring two main areas: smart public transport and smart logistics services [1][2]. - The theme of the exhibition is "People Enjoy Their Travel, Goods Flow Smoothly," emphasizing the integration of technology and innovation in the transportation sector [2]. - Over 100 leading global companies will participate, achieving a 100% exhibition completion rate, with 60% being Fortune 500 and industry leaders [2]. Group 2: Key Exhibitors and Innovations - Beijing Subway will showcase new operational models such as smart stations and maintenance robots, along with services like "face recognition entry" [3]. - China Postal Express Logistics will present its comprehensive logistics network, achieving "village postal service" and 24-hour delivery in counties, with a focus on smart logistics solutions [6]. - The smart logistics area will feature innovations from companies like COSCO Shipping, which will demonstrate blockchain technology and automated port solutions [3][6]. Group 3: Smart Parking Solutions - The Beijing Static Traffic Sharing Parking Platform aims to address urban parking challenges by integrating government, industry, and consumer resources [7]. - The platform has dynamically connected 5,076 parking lots and 1.257 million parking spaces, significantly improving parking resource utilization [7][8]. - A second phase of the platform will introduce a C2C model for personal parking space sharing, enhancing economic benefits for citizens [8].