Core Viewpoint - The announcement details the election of employee representative director Tang Shilun to the fourth board of directors of Jiayou International Logistics Co., Ltd., and outlines the resolutions passed during the recent shareholder meetings and board meetings [1][3][9]. Group 1: Election of Directors - Tang Shilun was elected as the employee representative director during the first employee representative meeting held on September 15, 2025 [1]. - The newly elected employee representative director will serve a term consistent with the fourth board of directors [1]. - The board of directors now includes both shareholder-elected directors and employee representative directors [1]. Group 2: Shareholder Meeting Resolutions - The second temporary shareholder meeting was held on September 15, 2025, with all resolutions passed without any objections [4][6]. - Resolutions included changes to registered capital, amendments to the company’s articles of association, and the decision to abolish the supervisory board [6][12]. Group 3: Board Meeting Resolutions - The first meeting of the fourth board of directors took place on September 15, 2025, with all seven directors present [12]. - Resolutions included the election of Han Jinghua as the chairman of the board, the appointment of Meng Lian as the president, and the appointment of several vice presidents and a financial director [15][19][22][26]. - The board established four specialized committees: the Strategy Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee [17]. Group 4: Management Team - The management team includes experienced professionals with backgrounds in logistics and mining, such as Meng Lian, who has served in various leadership roles within the company [33][36]. - The team is structured to ensure effective governance and operational efficiency, with a focus on strategic growth and compliance with regulations [31][38].

Group 1: Visa Policy Impact - China will implement a unilateral 30-day visa-free policy for Russian citizens from September 15, 2025, to September 14, 2026, covering business, tourism, family visits, and exchanges [1] - The visa-free policy is expected to significantly boost tourism and trade exchanges between China and Russia, with Russian tourists to China projected to increase by 20%-30% [2][3] Group 2: Tourism Growth - The visa-free policy will enhance the variety of tourism services available to Russian visitors, expanding their travel destinations in China, including medical, educational, and health tourism [3] - Major cities like Beijing, Shanghai, and Xi'an are popular among Russian tourists, with a notable interest in coastal vacation spots [2] Group 3: Economic Cooperation - The visa-free policy is anticipated to accelerate on-the-ground business inspections and cooperation, allowing Russian buyers to visit China for market assessments and exhibitions [5] - The policy is expected to inject strong momentum into bilateral trade, particularly in energy, agricultural products, light manufacturing, and cross-border e-commerce, with small and medium-sized enterprises being the primary beneficiaries [7] Group 4: E-commerce and Logistics - The e-commerce trade between China and Russia is projected to grow significantly, with Russian e-commerce market size expected to increase from approximately 2 trillion rubles in 2019 to nearly 10 trillion rubles by 2024, largely driven by Chinese imports [6] - The logistics sector is experiencing a surge in demand, with many Chinese businesses entering Russian e-commerce platforms, enhancing trade efficiency and reducing delivery times [6] Group 5: Border Economy - Border cities like Heihe and Hunchun are witnessing a "cross-border boom," with increased trade activities and a growing number of companies engaged in Sino-Russian transport and trade [8][9] - The visa-free policy is enhancing the operational capacity of border areas, facilitating cross-border logistics, tourism, and e-commerce, and fostering deeper cultural and commercial integration [9][10]

未来，北京国际陆港将以房山区创建国家物流枢纽为牵引，加速基础设施建设，深化与铁路、海关等部 门合作，推动线路多元化，提升班列服务品质，助力北京中欧班列节点城市建设，为区域经济高质量发 展贡献力量。 北京房山国际陆港总经理王传蒙表示，拓展更多过境口岸，意味着接入更广泛的国际运输网络，极大提 升了货物跨境运输的灵活性。截至目前，北京国际陆港已累计开行中欧（亚）班列13列，运送标箱超 1300个，货重破万吨，货值近2亿元，迅速崛起为京津冀地区重要的国际物流枢纽。 新京报讯（记者陈璐）9月11日，一列满载汽车配件、空调及微波炉等货物的中亚班列，从位于北京市 房山区的北京国际陆港驶出，将首次通过新疆阿拉山口口岸出境，直奔哈萨克斯坦阿拉木图，全程预计 9天。此趟班列载有55个40英尺集装箱，总货值约2000万元人民币，这是北京市首趟从阿拉山口驶出国 门的国际货运班列，为首都连接"一带一路"共建国家开辟了新的出境线路。 自今年3月启动运营以来，北京国际陆港已相继联通霍尔果斯、满洲里、二连浩特三大陆路口岸，此次 再添阿拉山口这一重要节点，构建起"四大口岸、五线常态"的稳定班列运行网络，覆盖20余国。阿拉山 口作为中欧班列西通 ...

近年来，越来越多中国国际物流企业将目光投向海外市场。无论是建设海外仓、布局区域性枢纽，还是收购当地物流公司，境外投资已成为行业头部玩家抢 占全球供应链话语权的关键举措。然而，跨境投资绝非简单的"资金出海"，其中涉及复杂的合规流程，尤其是境外投资备案（ODI），成为企业出海必须跨 越的第一道门槛。 一、国际物流出海：红海竞争与全球化突围 国内物流市场已进入高度内卷阶段。价格战频发、服务同质化严重，加之电商增速放缓，许多企业利润空间被持续压缩。另一方面，中国企业全球化进程加 速，从跨境电商到制造业出海，从"一带一路"合作到RCEP区域经济一体化，中国企业与全球市场的连接愈发紧密。国际物流是跨境贸易的"血管"，客户到 哪里，物流服务就需要延伸到哪里。 缺乏境外网络，意味着无法提供端到端的国际化服务，最终可能沦为大型物流集团的区域性分包商。因此，出海已不是"可选项"，而是生存与发展的必然选 择。 二、什么是ODI？为何物流企业必须重视？ ODI，即境外直接投资备案，是中国境内企业进行境外投资前必须向商务部、发改委、外汇管理局等部门完成的合规审批程序。它不仅是资金合规出境的前 提，更是企业后续在境外开展经营、获得融资、 ...

Core Insights - The 2025 Shanghai Cooperation Organization Summit will be held in Tianjin, highlighting the growing economic cooperation between Yiwu and SCO member countries [1] - Yiwu's trade with SCO countries has seen significant growth, with a 20.4% year-on-year increase in import and export value, reaching 5.27 billion yuan in the first seven months of this year [1] Trade and Logistics - Yiwu has expanded its export product categories from small commodities to high-value items such as auto parts, machinery, and building materials, while also importing metals and grains from SCO countries [3] - The use of the Zhejiang China-Europe Railway Express has become a preferred logistics method due to its cost-effectiveness and shorter transit times compared to sea and air transport [1][2] - The introduction of new TIR transport routes connecting Yiwu to Moscow and Tashkent has further enhanced logistics capabilities, with a 34.6% increase in shipments and a 39.1% rise in export value in the first eight months of the year [2] Upcoming Events - The 2025 China (Yiwu) Foreign Trade Factory Exhibition and Cross-Border E-Commerce Procurement Fair is set to take place from December 6 to 8, aiming to attract global attention and facilitate international market expansion [5] - The exhibition will feature 2,000 international standard booths and cover an area of 50,000 square meters, expecting to draw 60,000 visitors [5]

Core Insights - The recent launch of a China-Europe freight train from the Ordos Comprehensive Bonded Zone to Moscow signifies a strategic enhancement in logistics and trade efficiency, with a total cargo value of approximately 13.5 million RMB [1][2] Group 1: Logistics and Trade Efficiency - The freight train carried 55 containers filled with various home appliances, showcasing the growing export capabilities of the region [1] - The implementation of "bonded warehousing" policies allows companies to benefit from tax refunds upon entering the bonded zone, significantly improving cash flow and customs efficiency [1] - The Ordos Customs has optimized the "China-Europe freight train + bonded" business model, streamlining the entire process from bonded warehousing to export [1] Group 2: Cost Reduction and Operational Improvements - The introduction of a "one ticket, multiple vehicles" model allows companies to reduce redundant declarations and lower transportation costs through multiple trips with fewer vehicles [1] - Ordos Customs is focusing on the needs of enterprises with multiple sources of goods, facilitating the transition of non-bonded goods to bonded status, thus enhancing operational efficiency [2] - The establishment of a dedicated liaison system and services like "appointment customs clearance" and "pre-appointment inspection" has improved the efficiency of customs checks, aiding in the smooth export of goods [2]

Core Viewpoint - Jiangsu's trade with other member countries of the Shanghai Cooperation Organization (SCO) has shown a positive growth trend, with imports and exports reaching 198.84 billion yuan in the first seven months of the year, marking a year-on-year increase of 6.8% [1] Group 1: Trade and Logistics Development - The first international freight train of the China-Kyrgyzstan-Uzbekistan (CKU) rail intermodal transport was launched on October 13, 2022, enhancing trade connectivity between the SCO (Lianyungang) International Logistics Park and Uzbekistan's Tashkent logistics hub [1] - In the first seven months of this year, the CKU freight train service has dispatched a total of 473 trains, representing a year-on-year growth of 32.87% [1] - The SCO (Lianyungang) Logistics Park has established a multimodal transport logistics system integrating road, rail, river, and sea, significantly improving international logistics service capabilities [1] Group 2: Economic Impact and Infrastructure - The logistics park has set up six overseas warehouses in Central Asia and Southeast Asia, contributing to high growth in various logistics indicators [1] - Over ten years, the SCO (Lianyungang) International Logistics Park has achieved a cumulative logistics volume of 371 million tons and generated main business revenue of 22.824 billion yuan [1]

Core Viewpoint - The China-Shanghai Cooperation Organization (SCO) Local Economic and Trade Cooperation Demonstration Zone in Qingdao, Shandong Province, has become a significant platform for cooperation between China and SCO member countries, focusing on regional logistics, modern trade, bilateral investment cooperation, and cultural exchanges. Group 1: Investment and Economic Impact - The total investment in industrial projects within the SCO Demonstration Zone has exceeded 150 billion yuan, with an average annual growth of 56% in imports and exports with SCO countries [3] - The demonstration zone has established itself as a key area for showcasing SCO culture, resource integration, and hosting important activities, contributing positively to building a community with a shared future for SCO [3] Group 2: Logistics Development - The regional logistics center has seen significant improvements, with 42 maritime routes and 223 air routes opened to SCO countries, leading to the highest container volume in coastal ports for sea-rail intermodal transport [5] - Over the past seven years, the demonstration zone has facilitated 4,803 China-Europe freight trains, with an average annual growth of 33%, transporting over 330,000 tons of goods [9] Group 3: Modern Trade and Digital Infrastructure - The modern trade center has enhanced its efficiency by establishing four major platforms: a comprehensive service platform for SCO trade, an international energy trading center, a green agricultural product trading center, and a Silk Road e-commerce service base, promoting digital infrastructure for trade [7] - The demonstration zone has implemented a "new infrastructure" for digital trade, making cross-border trade more convenient, efficient, and cost-effective [7] Group 4: Bilateral Investment Initiatives - The bilateral investment center has strengthened its capabilities by focusing on industry, technology, and finance, attracting innovative resources and development factors, and establishing itself as a preferred destination for industrial investment [9] - The zone has collaborated with 40 domestic and international parks to create an SCO industrial park alliance, resulting in the establishment of key industrial parks such as the Chaos Industrial Internet Ecological Park and the SCO Aerospace Industrial Park [9] Group 5: Freight Train Operations and Efficiency - The number of China-Europe (Central Asia) freight trains passing through the Horgos railway port has exceeded 6,600 this year, marking a 21.8% increase, which supports the smooth operation of regional industrial and supply chains among SCO member countries [10] - Recent reforms at Horgos port have significantly reduced the customs clearance time for imported goods from 2-3 days to under 16 hours, achieving a 70% reduction [11]

Capital Change - The company has changed its registered capital from RMB 977,149,042 to RMB 1,368,008,658 following a profit distribution and capital reserve conversion plan approved at the 2024 annual general meeting [1][2][15]. - The total share capital increased from 977,149,042 shares to 1,368,008,658 shares, with a cash dividend of RMB 0.4 per share and a capital reserve conversion of 0.4 shares per share [1][15]. Articles of Association Revision - The company has revised its Articles of Association, establishing a worker representative director and abolishing the supervisory board, with the audit committee of the board taking over the supervisory functions [3][30]. - Adjustments were made to terms such as "shareholders' meeting" and "more than half," without listing them individually [4]. Meeting Rules Revision - The company has revised the rules for shareholders' meetings and board meetings in accordance with relevant laws and regulations, with specific details available in the revised rules [5][30]. - The original rules for board meetings were not compared line by line due to significant differences in the revised content [5]. Board of Directors Election - The company is preparing for the election of the fourth board of directors, with candidates nominated and approved by the board, including independent directors [9][10]. - The fourth board will consist of seven directors, including three independent directors and one employee representative director [9][10]. Upcoming Shareholders' Meeting - A second extraordinary shareholders' meeting is scheduled for September 15, 2025, to vote on the proposed changes and revisions [33][35]. - The meeting will utilize both on-site and online voting methods, with specific voting times outlined [35][37].

Core Insights - The logistics sector in China has shown steady growth in the first seven months of the year, with a total social logistics volume exceeding 200 trillion yuan, driven by strong demand in high-end manufacturing and green low-carbon sectors [1][2][4]. Logistics Volume and Growth - From January to July, the total social logistics volume reached 201.9 trillion yuan, marking a year-on-year increase of 5.2% [4]. - The logistics volume of industrial products grew by 5.7% year-on-year, with over 85% of 35 industries experiencing growth [4]. Demand Segments - The logistics demand for units and residential goods increased by 6.2%, slightly up from the first half of the year [6]. - The "old-for-new" policy has significantly boosted logistics demand for home appliances and communication equipment [6]. Import Logistics - Import logistics have shown improvement, with high-tech products and electromechanical products being the main drivers [8]. - The logistics volume for machine tools and other products maintained a high growth rate of over 18%, while the logistics volume for integrated circuits grew by over 10% year-on-year in July [8]. Regional Growth Dynamics - The logistics market is experiencing stable growth with noticeable structural changes, particularly in the central and western regions, which are outpacing national growth rates [11][13]. - In July, the business volume index for the western region reached 52.3%, and for the central region, it was 50.9%, both exceeding the national average [13]. E-commerce and International Logistics - The e-commerce and express delivery sectors continue to thrive, with online retail sales of physical goods increasing by 6.3%, outpacing the growth of total retail sales [15]. - International logistics have emerged as a new growth point, with air cargo transport volume increasing by 21.5% year-on-year [15]. Profitability and Market Conditions - The logistics industry reported a total revenue of 8.2 trillion yuan, reflecting a year-on-year increase of 4.9% [13]. - In July, logistics service prices showed a mixed trend, but overall profitability for logistics companies has improved [18][20]. - The revenue profit margin for key logistics enterprises was 3.4%, up by 0.3 percentage points from the first half of the year [22].