每经头条（nbdtoutiao）——天水麻辣烫、淄博烧烤、荣昌卤鹅⋯⋯"泼天流量"退去后，这些城市怎么 样了？ （记者 曾健辉） 每经AI快讯，保税科技（SH 600794，收盘价：4.25元）10月10日晚间发布公告称，公司第十届第八次 董事会会议于2025年10月10日以通讯表决的方式召开。会议审议了《关于外服公司减资完成后调整其交 割库业务担保方式的议案》等文件。 2024年1至12月份，保税科技的营业收入构成为：供应链管理服务占比42.39%，码头仓储占比25.81%， 智慧物流占比24.28%，仓储占比4.78%，数据服务占比1.08%。 截至发稿，保税科技市值为51亿元。 ...

新浪科技讯 10月9日上午消息，京东物流发布公告称，将以2.7亿美元从京东集团收购从事本地即时配送 业务的全资子公司，此次收购将有助于京东物流加强"最后一公里"配送能力，拓展一体化供应链解决方 案及服务组合，补充现有产品矩阵及业务版图，从而使企业能更好地整合资源以提升其履约能力、运营 效率和用户体验，助力降低全社会物流成本。 据悉，此次拟收购的本地即时配送业务为原达达集团的即时配送业务，原达达集团主营业务分为本地即 时零售业务和本地即时配送业务，可为消费者提供海量商品极速送达的极致服务体验，业务可覆盖全国 超2000个县区市。 据了解，京东集团的即时配送业务的单量、服务品质等均居行业前列，且其即时配送业务在技术、算法 等调度方面具备良好的经验和积累。此次收购后，京东物流充分协同这一优质的即时配送运力网络，使 一体化供应链服务的链条更加完善，将为客户、消费者提供更为完善优质的服务。此外，该业务在即时 配送中积累了众多优质客户，长远来看具备较大交叉销售机会，预计将为京东物流带来更多业务增量， 并进一步拓展京东物流的业绩增长空间。 今年6月，京东物流在港交所公告称，随着京东外卖业务的迅猛发展，京东物流开始招募全职骑 ...

美国双清包税服务：深圳市众展供应链脱颖而出 在国际贸易蓬勃发展的当下，美国作为全球大的消费市场之一，吸引着众多国内外企业与之开展贸易往来。而美国双清包税服务，凭借其独特的优势，成为 众多企业进出口货物的理想选择。本文将深入探讨美国双清包税服务的相关内容，并重点介绍深圳市众展供应链在该领域的突出表现。 美国双清包税服务的行业优势与特点 美国双清包税服务，简单来说，就是包含了出口国报关、进口国清关以及缴纳关税等一系列服务内容。对于进出口企业而言，这种服务具有显著的优势。首 先，它极大地节省了时间和精力。企业无需自行处理复杂的报关清关流程，只需将货物交给专业的双清包税服务提供商，就能让货物顺利运输到美国目的 地。其次，双清包税服务减少了企业面临的风险。由于服务提供商熟悉各国的海关政策和法规，能够确保货物合法合规地通过海关，降低了因报关清关问题 导致的货物滞留、罚款等风险。 在特点方面，双清包税服务通常提供门到门的一站式服务，从货物在国内的提货，到运输过程中的跟踪，再到美国目的地的派送，全程都有专业人员负责。 而且，服务商会根据不同的货物类型和运输需求，提供多种运输方式供客户选择，如空派、海派等，以满足企业多样化的物 ...

证券研究报告 2025年09月29日 行业报告 | 行业专题研究 供应链物流：流量变现，第二成长曲线 作者： 分析师 陈金海 SAC执业证书编号：S1110521060001 联系人 李宁 1 行业评级： 上次评级： 强于大市 强于大市 首次 （ 评级） 请务必阅读正文之后的信息披露和免责申明 物流 摘要 ⚫ 庞大流量变现 供应链物流企业的经手货值庞大，通过"物流—贸易—制造"业务延伸，流量变现打造第 二成长曲线，海外如日本商社投资制造业，国内如密尔克卫拓展分销、嘉友国际开发陆港 项目、物产中大投资并购高端实业。 ⚫ 新业务高增长 把控核心环节，上下游赋能，使新业务高增长、利润占比上升。2018-24年物产中大制造 业务毛利润年化增速22%，占比从16%上升到41%；密尔克卫分销毛利润年化增速21%， 占比从3%上升到62%。流量变现空间较大、模式更加成熟，未来新业务有望持续高增长。 ⚫ 有望戴维斯双击 新业务利润高增长、占比上升，推动公司整体利润增速上行；商品价格回升，供应链业务 利润反转；公司风险下降、市场风险偏好上升，估值有望上升。 ⚫ 供应链物流公司经手货值往往较大，如物产中大、厦门象屿等。 ⚫ 供应 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 股东持股的基本情况 截至本公告披露日，密尔克卫智能供应链服务集团股份有限公司（以下简称"公司"、"密尔克卫"）实际 控制人、控股股东陈银河先生持有公司股份42,689,599股，占公司当前总股本的27.00%；公司实际控制 人、股东李仁莉女士持有公司股份21,065,409股，占公司当前总股本的13.32%；股东北京君联茂林股权 投资合伙企业（有限合伙）（以下简称"君联茂林"）持有公司股份1,616,613股，约占公司当前总股本的 1.02%。 ● 减持计划的主要内容 公司实际控制人、控股股东陈银河先生计划通过大宗交易、集中竞价交易方式减持公司股份数量不超过 2,371,800股，即减持不超过公司总股本的1.50%，自本公告之日起15个交易日后的3个月内进行。其 中，以大宗交易方式减持的股份数量不超过1,581,200股，以集中竞价交易方式减持的股份数量不超过 790,600股。 公司实际控制人、股东 ...

更多集体接待日详情，请点击：https://rs.p5w.net/html/175611728073329.shtml 上海雅仕在2025年上海辖区上市公司集体接待日暨中报业绩说明会活动上回答投资者提问称，2025年上 半年，公司供应链物流业务保持稳健运行，其中，供应链执行贸易业务中硫磺品种价格稳中有升，公司 相关业务利润同比增加。硫磷化工行业受大宗商品价格周期性波动影响显著，2025年以来硫磺价格的阶 段性上行窗口期为相关业务带来积极贡献；有色金属行业受益于全球制造业复苏及新能源汽车等高端制 造领域的需求扩张，市场需求保持增长态势，带动相关供应链服务需求提升。 ...

Group 1 - AnDe ZhiLian Supply Chain Technology Co., Ltd. submitted its listing application to the Hong Kong Stock Exchange in August 2025 after strategic adjustments to its A-share listing path in early 2025 [2] - The company, originally established as AnDe Logistics within Midea Group in 2000, focuses on providing integrated supply chain solutions through a "1+3" service model [2] - The revenue for AnDe ZhiLian from 2022 to 2025 is projected to grow from 14.173 billion RMB to 18.663 billion RMB, with net profits increasing from 215 million RMB to 380 million RMB [5][6] Group 2 - AnDe ZhiLian is heavily reliant on Midea Group, which holds 52.94% of its shares, and the revenue from Midea and its affiliates accounted for over 40% of total revenue in recent years [6][7] - The company faced challenges in its previous attempts to list due to high levels of related party transactions and insufficient business independence, leading to a withdrawal of its A-share IPO application [7] - AnDe ZhiLian's market share in the integrated supply chain logistics solutions market is 0.5%, ranking third, indicating limited competitive advantage [7][10] Group 3 - The gross profit margin for AnDe ZhiLian decreased to 7.4% in the first half of 2025, down from 7.7% in the same period of 2024, primarily due to an increase in lower-margin freight services [8] - Service costs rose by 20.6% to 10.079 billion RMB in the first half of 2025, accounting for over 92% of total revenue, with logistics and warehousing costs comprising more than 90% of this figure [8]

每经AI快讯，*ST原尚（SH 603813，收盘价：21.95元）9月15日晚间发布公告称，广东原尚物流股份有 限公司控股股东原尚投资控股有限公司拟通过协议转让方式以人民币20.36元/股的价格向信达国际资产 管理有限公司转让其持有的约536万股股份，占公司总股本的5.1%。股份转让价款的资金来源为Sauder Global Investment Open-ended Fund Company - Sauder Global Multi Strategy Fund。 （记者 曾健辉） 截至发稿，*ST原尚市值为23亿元。 每经头条（nbdtoutiao）——重大突破！中国这款新药，中美官方都认定有突破性疗效！世界肺癌大会 沸腾了 2024年1至12月份，*ST原尚的营业收入构成为：供应链物流占比99.85%，其他业务占比0.15%。 ...

Group 1 - The 20th China International Logistics Festival and the 22nd China International Transportation and Logistics Expo were successfully held in Jinan from September 10 to 12, showcasing innovations in smart supply chains, artificial intelligence, and green logistics [1] - RRS Supply Chain's "digital inventory" and "five fixed trains" models attracted industry attention, demonstrating the company's commitment to digital transformation through Haier's strategy [1] - The "digital inventory" model enables real-time matching of market demand and inventory location, improving asset efficiency by 50%, reducing warehousing costs by 12%, and compressing inventory turnover cycles by 40% [1] Group 2 - RRS Supply Chain's "five fixed trains" operational model enhances the reliability of cross-border transportation, having opened 26 routes that reduce overall logistics costs by 35% and improve timeliness by 25% [2] - The innovations represented by "digital inventory" and "five fixed trains" are becoming key drivers for the construction of international logistics corridors and the development of global trade [2] - RRS Supply Chain plans to align closely with Haier's overseas strategy to create a stable and collaborative global supply chain [2]

Core Viewpoint - The integrated supply chain logistics solutions market in China is rapidly expanding, driven by rising production costs and increasing consumer demand, with a projected market size growth from 3.10 trillion yuan in 2024 to 4.67 trillion yuan in 2029, representing a compound annual growth rate of 8.5% [1]. Group 1: Company Overview - AnDe ZhiLian Supply Chain Technology Co., Ltd. is the largest integrated supply chain logistics solutions provider in China's home appliance industry and the fourth largest in the fast-moving consumer goods (FMCG) sector, based on projected revenue for 2024 [1][3]. - The company has submitted its listing application to the Hong Kong Stock Exchange, with Morgan Stanley and CICC as joint sponsors, and has notable shareholders including Midea and Hisense [3]. Group 2: "1+3" Supply Chain Model - The "1+3" supply chain model developed by AnDe ZhiLian addresses traditional supply chain pain points by enhancing end-to-end collaboration, which includes production logistics, unified inventory management, and last-mile delivery [4]. - This model has significantly improved operational efficiency and customer experience by reducing inventory costs and enhancing delivery processes [4][5]. Group 3: Financial Performance - The company's revenue from integrated supply chain logistics solutions is projected to grow from 12.164 billion yuan in 2022 to 16.343 billion yuan in 2024, with year-on-year growth rates of 15.90% and 15.92% respectively [5]. - The number of external clients has increased from over 3,000 at the end of 2022 to over 7,000 by mid-2025, indicating a diversification of the client base and reduced reliance on single clients [5]. Group 4: Market Position in Home Appliances - The market for integrated supply chain logistics solutions in the home appliance sector has grown from 26.2 billion yuan in 2019 to a projected 41.5 billion yuan in 2024, with expectations to reach 57 billion yuan by 2029 [7]. - AnDe ZhiLian has established itself as a leader in this sector, providing services to major brands like Midea, Hisense, and TCL, and has demonstrated significant improvements in operational efficiency for its clients [7][8]. Group 5: Expansion into FMCG - AnDe ZhiLian is expanding its integrated supply chain solutions into the FMCG sector, where it is recognized as the fourth largest provider in China, showcasing its ability to replicate its successful model across different industries [9]. - The company has implemented successful case studies in FMCG, such as reducing logistics costs and improving delivery times for clients like Qingdao Beer and Feihe [9][10]. Group 6: Future Prospects - The fragmented nature of the FMCG supply chain market, with the top five providers holding only 9.1% market share, presents significant growth opportunities for AnDe ZhiLian through service extension and technological innovation [10]. - The company aims to leverage its unique "1+3" model and extensive infrastructure to enhance its market presence across various industries, including automotive and components [12].