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。 ...

Core Viewpoint - The recent financial report of Xibu Chuangye (000557) shows a significant increase in net profit by 88.7% year-on-year, despite a slight decline in total revenue by 1.2% [1] Financial Performance Summary - Total revenue for the first half of 2025 is 641 million yuan, down 1.2% from 649 million yuan in 2024 [1] - Net profit attributable to shareholders reached 295.67 million yuan, up 88.7% from 156 million yuan in the previous year [1] - The second quarter revenue was 323 million yuan, an increase of 0.67% year-on-year, while net profit for the same period surged by 218.75% to 229 million yuan [1] - Gross margin decreased to 26.59%, down 15.8% year-on-year, while net margin increased to 45.95%, up 91% [1] - Total expenses (selling, administrative, and financial) amounted to 14.07 million yuan, representing 2.19% of revenue, an increase of 45.45% [1] - Earnings per share rose to 0.20 yuan, an increase of 88.78% from 0.11 yuan [1] Cash Flow and Investment Summary - Net cash flow from investment activities decreased by 159.90% due to increased investments in electrification and external power projects by Ningdong Railway [3] - Net increase in cash and cash equivalents fell by 106.88% due to reduced cash inflow from operating activities and increased project investments [3] - Cash flow from operating activities decreased by 35.98%, attributed to the suspension of supply chain trade business [3] Business Evaluation - The company's return on invested capital (ROIC) was 3.47%, indicating historically weak capital returns, with a median ROIC of 2.96% over the past decade [4] - The net profit margin was reported at 19.55%, suggesting high value-added products or services [4] - The company has experienced eight years of losses since its listing, indicating a generally poor financial performance history [4] Strategic Positioning and Future Plans - The company aims to become a leading modern logistics enterprise with strong regional competitiveness, leveraging its strategic location and transportation infrastructure [5] - Future plans include enhancing railway transportation networks, optimizing logistics services, and integrating multi-modal transport solutions [6] - The company is also focusing on the wine sector, aiming to streamline operations and enhance its core business [7]

*ST原尚（SH 603813，收盘价：16.36元）8月6日晚间发布公告称，公司第五届第三十三次董事会会议 于2025年8月6日在广州经济技术开发区东区东众路25号公司办公楼三楼会议室以现场表决方式召开。会 议审议了《关于选举公司第六届董事会独立董事的议案》等文件。 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%。 （文章来源：每日经济新闻） ...

Core Viewpoint - Shanghai Yashi Investment Development Co., Ltd. is undergoing a significant change in control as Hubei International Trade Group acquires a 26% stake from Yashi Group for 728 million yuan, leading to a shift in actual control to Hubei Provincial State-owned Assets Supervision and Administration Commission [1][4] Group 1: Company Overview - Shanghai Yashi was established in 1998, focusing on supply chain logistics and trade services for large industrial clients, with established advantages in sulfur-phosphorus chemicals and non-ferrous metals [1] - The company has faced intensified competition in the supply chain logistics industry since its IPO in 2017, leading to a 59% drop in trade revenue and a net loss of 34.97 million yuan in the first half of 2023 [1][3] Group 2: Financial Performance - In the 2023 mid-year report, the company reported revenue of 1.278 billion yuan, a 31.75% decrease from 1.872 billion yuan in 2022 [3] - The net profit for the same period was a loss of 34.97 million yuan, a decline of 119.64% compared to a profit of 17.8 million yuan in 2022 [3] Group 3: Shareholding Changes - Prior to the transaction, Yashi Group held 44.98% of Shanghai Yashi's shares, which will decrease to 18.98% post-transaction, while Hubei International Trade Group will hold 26% [1][2] - The transaction involves a three-stage process: share transfer, voting rights binding, and subsequent capital increase to stabilize control and improve financial conditions [5][7] Group 4: Strategic Intent - Hubei International Trade Group aims to enhance its capabilities in modern supply chain management and strengthen logistics integration along the "Belt and Road" initiative through this acquisition [4][8] - The acquisition is expected to provide immediate financial relief to Shanghai Yashi, addressing its debt pressures and improving its financial health [8] Group 5: Transaction Structure - The transaction structure includes a phased approach: an initial share transfer, followed by a binding of voting rights, and a planned capital increase in July 2024 to solidify control [5][9] - The pricing of 17.64 yuan per share reflects a premium and aligns with strategic valuation considerations, ensuring compliance with regulatory requirements [7][9]