人民网沈阳11月20日电 （记者王斯文）"市属企业资产总额突破4273亿元、航空航天产业集群规模 超千亿元、中欧班列开行量稳居东北第一……"20日上午，本网从沈阳市政府新闻办召开的发布会上获 悉，"十四五"时期，沈阳市国资国企系统不仅在规模上实现了跨越，更在创新动能、产业焕新和布局优 化上取得了一系列突破。沈阳市国资委相关负责人表示，沈阳高质量完成国资国企改革三年行动，纵深 推进改革深化提升行动，提质提效沈阳区域性综改试验荣获国务院国资委"改革成效位列东北首位"的高 度评价。 经营质效双提升，发展基础更坚实 在传统产业改造升级方面，在全省率先完成市属国企DeepSeek全域部署，2户企业入选2024年度"数 字中国"年度案例；揭牌全省首家数据资产登记中心，反向混改"空间信息大数据"领域民企，打造东北 地区国资民资协同发展创新样本。 同时，带动全市航空航天产业集群规模首次突破千亿元，与央企开展货运无人机等项目合作，积极 布局低空经济；依托"产业平台+投资基金"体系，支持新松半导体、微控飞轮、远程摩擦等一批潜在独 角兽、独角兽、国家专精特新重点"小巨人"企业，促进拓荆科技、富创精密等集成电路头部企业发展壮 大。 ...

广州国际港班列实现"天天班"，2024年开行278列，发送12228标箱，货值17亿元，同比增长76%，作为 苏锡常至广州最快集装箱班列，平均运行时间仅48小时，加速长三角与粤港澳资源流通。 □ 本报记者魏琳 近日，384辆由好孩子儿童用品有限公司生产的婴儿推车、童车等产品，通过无锡西站物流园的"中吉 乌"铁公多式联运国际班列顺利发运。这是该公司首次通过无锡班列出口产品，也是该班列自开通以来 首次承运消费品。 "此前国际班列货物以机械设备、塑料制品等工业品为主，这次价值77万元的儿童用品'试水'班列运 输，意味着无锡国际物流通道建设迈入多元化发展新阶段。"无锡市国际货运班列有限公司市场营销部 部长滕奔介绍，无锡"中吉乌"班列通过无锡西站自建的省内首个内外贸一体化海关监管场所，真正实 现"一单到底、一箱到底"，运输时间缩短约40%，成本降低约33%。截至当前累计运输货物1872吨，服 务半径延伸至苏州、常州等长三角核心制造带。 2022年底，记者首次探访位于惠山高新区的无锡西站物流园，彼时，园区中欧接续班列、海铁联运班列 与广州国际港班列"三线并进"。如今，从无锡西站启程，已实现中欧接续班列、海铁联运班列、广州 ...

（编辑 张昕） 本报讯 （记者袁传玺）天眼查App显示，近日，中国物流集团广西有限公司成立，注册资本10亿元，经营范围包括国内货 物运输代理、工业互联网数据服务等。股东信息显示，该公司由中国物流集团有限公司全资持股。 ...

此外，在同场关于构建韧性供应链的讨论中，瑞士电气巨头ABB集团的董事长Peter Voser指出，贸易中 断并不是在选举周期之后发生的，而是反映了市场的根本变化，以及人们对可能产生的成本有了更深刻 的认识。他表示："全球各行业企业都更深刻地认识到，供应链中断造成的损失远高于维持产品库存的 成本。" 智通财经APP获悉，联邦快递(FDX.US)首席执行官Raj Subramaniam表示，由技术和地缘政治风险等因 素驱动的全球贸易与供应链变革可能会长期持续下去。他周四在一场经济论坛上表示："在这种新的供 应链模式中，一种新的平衡状态正在形成，其区域性特征更为显著。""工业经济的转型需要更长时间。 但一旦完成转变，就难以回到过去。" 美国总统特朗普的关税政策及针对低价值商品豁免政策的终结，已颠覆全球包裹运输业，并可能在明年 持续制约行业发展前景。作为全球最大物流企业之一的联邦快递在9月曾警告，预计今年将因贸易波动 损失10亿美元，其中大部分源于中国至美国货运量的减少——这条航线在贸易战中遭受了尤为沉重的打 击。 Raj Subramaniam重申了贸易量下滑的事实，并表示联邦快递已观察到中国至欧洲、拉丁美洲及亚洲 ...

Core Viewpoint - The A-share market has entered a new era of systematic and transparent "explicit norms" in market value management, with companies increasingly focusing on this as a core topic in their interactions with investors [1] Group 1: Focus on Core Business and Innovation - Companies are emphasizing the enhancement of intrinsic value as the foundation for investment value, focusing on core business operations and sustainable development [2] - Strengthening innovation and increasing R&D investment are key paths for companies to enhance their core competitiveness [2] - Companies like TBEA and Yifang Bio are committed to focusing on their main business and enhancing their R&D capabilities to improve profitability and market competitiveness [2] Group 2: Multi-faceted Shareholder Returns - Cash dividends and share buybacks have become common practices in the A-share market, shifting from passive responses to proactive planning in market value management [3] - Kweichow Moutai is a model for this approach, implementing a multi-dimensional market value management system that includes cash dividends, share buybacks, and enhanced investor communication [4] - Other companies, such as Iron Dragon Logistics and Zijin Mining, are also planning to increase cash dividend frequencies and improve shareholder returns based on their operational conditions [4] Group 3: Regulatory Support and Improvement - Regulatory bodies are working to enhance the market value management system for listed companies, focusing on optimizing governance, information disclosure, and ensuring stable and predictable dividends [5] Group 4: Diverse Communication Channels - Investor relations management has evolved into a crucial bridge for value transmission, with companies adopting more professional and diverse communication strategies [6] - China Jushi has established a comprehensive communication system with investors, utilizing various channels for targeted and diversified communication [6] - Companies like TBEA are committed to high-quality information disclosure and regular investor engagement to bolster market confidence [6] Group 5: Professional Responses to Investor Concerns - Companies are responding to investor inquiries with rational and professional attitudes, as seen with Zijin Mining's clarification on its subsidiary's listing, which is expected to enhance company valuation and support strategic goals [7]

加快物流金融产品创新。设备是物流企业的"金刚钻"，但不少小微企业的设备配置难以满足旺季的 阶段性需求，缺少做大做强的后劲。金融机构可以主动搭建政银企桥梁，引入政府性融资担保机制，创 新物流设备融资的金融产品，通过确定合理的货车贷款首付比、贷款利率等，加大对有真实融资需求企 业的贷款支持。 深化小微企业融资机制。去年以来，金融监管总局和国家发展改革委牵头建立支持小微企业融资协 调工作机制，通过工作专班开展千企万户走访摸排，打破银企信息壁垒，把符合条件的小微企业推荐给 银行。这不仅提高了银行放贷的积极性，更能缓解中小企业融资困难，应加大工作机制对物流企业的覆 盖，助力企业扩大再生产。 小微企业的健康发展是提升物流行业稳定性的重要基础。金融机构应深化服务创新，以更多务实举 措为小微企业经营提供优质金融服务，助力物流行业降本增效。(本文来源：经济日报 作者：金观平) 物流体系作为实体经济运行的动脉，覆盖领域和行业广泛。在扩内需、稳增长的背景下，中国人民 银行等6部门联合印发《关于金融支持提振和扩大消费的指导意见》，提出鼓励金融机构加大对交通、 物流、仓储、供应链等商贸流通项目信贷支持力度。在一系列金融举措的支持下，大 ...

竞赛围绕"红运安畅"党建服务品牌，由市交通运输行业党委主办，市交通运输综合行政执法支队、 镇江宝华物流有限公司、南京交投信息技术有限公司承办，来自全市道路危险货物运输企业的68名驾驶 员、押运员参与比拼，展示职业技能素养和应急处置水平。 竞赛分专业理论考试和实操技能考核两个环节。专业理论考试涉及危险货物运输法规、安全管理、 应急处置等业务知识，通过在线闭卷的方式进行。实操技能考核分驾驶安全操作和事故应急先期处置两 个项目。赛场上，选手们沉着冷静，严格遵循标准流程操作。经过激烈的角逐，竞赛最终评出18个个人 奖、6个小组奖、6个团体奖。 11月14日，首届"红运安畅·镇江市道路危险货物运输职业技能竞赛"在镇江宝华物流有限公司举 行。 道路危险货物运输是全市化工、医药、新能源等产业的重要保障，对驾驶技能和安全技能提出了较 高的要求。此次竞赛是市交通运输行业党委落实关爱货运司机的实际行动，为广大技能人才搭建了展示 的舞台。（潘良兴 记者 单杉） ...

Core Viewpoint - Hualian Huojun, a wholly-owned subsidiary of Hualian Co., Ltd., plans to acquire the land use rights of Hunan Anxun Logistics Co., Ltd. for business development purposes, with the transaction amounting to approximately 1.721 million yuan [1] Group 1: Transaction Details - The market value of the land use rights was assessed at 1,721,419.00 yuan, including VAT, as of February 28, 2025 [1] - The agreed total transfer price for the asset is 1,721,400.00 yuan, which is consistent with the assessed market value [1] - The transaction is classified as a related party transaction since Anxun Logistics is an affiliate of the company [1]

Core Insights - Lianyungang is enhancing its business environment through innovative services and supportive government policies, aiming to create a more favorable atmosphere for enterprises [1][9] Group 1: Logistics and Trade - Lianyungang is actively innovating in logistics to reduce costs and improve efficiency, with 772 international freight trains operated from January to October this year [2] - The city has established six premium freight train routes covering Central Asia and Europe, significantly expanding its service reach [2] - A new data corridor between Lianyungang and Horgos is being developed to enhance connectivity and efficiency in the New Eurasian Land-Sea Corridor, reducing cargo handling time from 30 hours to under 5 hours, achieving an overall efficiency increase of 80% [3] Group 2: Regulatory Reforms - The city has implemented a "comprehensive inspection once" reform, reducing redundant inspections by 12,710 times this year, a decrease of 46.59%, thus alleviating the burden on enterprises [6] - Lianyungang has streamlined environmental approval processes, allowing a company to complete necessary permits in just 15 days, significantly faster than previous timelines [4] Group 3: Pharmaceutical Industry - The "Chinese Medicine Port" in Lianyungang is fostering a robust pharmaceutical ecosystem, attracting companies like Shenzhen Beimei Pharmaceutical, which established a children's medicine production base [7] - The economic development zone has developed a "4+N" industrial system, with the new pharmaceutical industry being a key pillar, housing major companies and becoming a significant base for innovative drugs and exports [7][8] Group 4: Government Initiatives - The local government is focused on continuous improvement of the business environment, with a dedicated leadership group and regular meetings to address optimization efforts [10] - Lianyungang is enhancing administrative efficiency through standardized processes and a unified service platform, aiming to improve the overall experience for businesses [11][12]

Financial Data and Key Metrics Changes - The company reported an EBITDA under management of BRL 7.4 billion, which is approximately BRL 1 billion lower than in 2024, primarily impacted by the results of MOVE, Haddad, and Raizen [3] - The net income for the period was negative BRL 1.2 billion, attributed to lower EBITDA and higher financial expenses [3] - Net debt remained relatively stable, slightly increasing compared to Q2 2025, with a debt service coverage ratio of one time [4][9] Business Line Data and Key Metrics Changes - Rumo experienced an increase in transported volumes but a reduction in average tariffs, resulting in a 4% increase in EBITDA [5] - Compass saw higher distributed volumes and an increase in the residential segment's participation, leading to a 6% growth in EBITDA [6] - Moove reported stable volumes compared to 2024, with a 13% increase in volume sold compared to Q2 2025, although EBITDA was 7% lower [7] - Raizen's sugarcane crushing increased due to favorable weather conditions, but lower sugar prices negatively affected EBITDA [8] Market Data and Key Metrics Changes - The fuel distribution segment in Raizen showed healthy margins due to operations against irregular players in Brazil [8] - The company noted a significant increase in the participation of the residential segment in Compass, which has healthier margins [6] Company Strategy and Development Direction - The company aims to improve its capital structure and has been exploring various alternatives, including potential divestments [12][14] - The focus will be on integrating new shareholders and identifying growth options while maintaining the quality of the portfolio [18][19] - The company plans to streamline operations and reduce expenses significantly, targeting a 50% reduction in annual costs at the holding company level [67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of the company following recent capital increases and the integration of new shareholders [16][18] - There is a clear commitment to resolving the capital structure and focusing on building value again after addressing current challenges [81] - The management emphasized the importance of not rushing asset sales and ensuring that divestments are made at the right price [61] Other Important Information - The company has received approximately BRL 500 million in insurance proceeds related to the reconstruction of the plant [7] - Changes in the board of directors were made in line with the new shareholders' agreement, which is expected to positively impact the company's future [33][39] Q&A Session Summary Question: Allocation rationale in terms of supply and outcome - Management explained that the recent offerings prioritized existing shareholders and were successful, with significant demand [24][25] Question: Strategy regarding subsidiary companies, particularly Raizen - Management acknowledged the need for urgent solutions for Raizen's capital structure and ongoing discussions with Shell [27][28] Question: Context of changes in directors and impact on Raizen - The changes were a consequence of new partners coming in and were seen as positive for the company's future [33] Question: Role of the holding company in the new context - The holding company will focus on creating efficiencies and will no longer be a vehicle for future investments [50] Question: Timing for new decisions about the company's portfolio - Management indicated a sense of urgency for Raizen's capital structure solutions, aiming for a resolution within six months [60] Question: Streamlining measures at the holding company level - Management confirmed that a process to streamline the structure has been mapped, with a target to cut costs by half [67][68] Question: Divestment agenda and priorities - Radar is identified as a priority for potential divestment, with further decisions based on capital allocation priorities [69]