面向未来，天顺股份表示，公司将一方面积极拓展航空、铁路、公路、航海等多式联运业务，持续推进 物流信息化建设，持续整合企业内部资源，从管理水平提升、业务拓展、降本增效等多个维度实现内涵 式发展；另一方面通过投资并购、合资合作等途径，积极推进外延式增长。通过内涵式发展与外延式增 长，努力增强企业核心竞争力。 天顺股份表示，报告期内，面对复杂严峻的外部市场环境与经营压力，公司继续坚持"稳中求进"的经营 思路，积极抓好生产经营的各个环节，依托于优质专业的服务能力，在行业领域深耕细作。其中，航空 物流板块保持稳步发展态势。报告期内，受煤炭市场供需关系等因素影响，煤炭价格中枢震荡下移，在 国内煤价持续承压的同时，市场需求下滑，行业竞争加剧，公司以大宗商品为依托的供应链、第三方物 流等业务规模均出现了不同程度的收缩。 本报讯(李立平)2月27日晚间，新疆天顺供应链股份有限公司(以下简称"天顺股份（002800）")发布2025 年年报。报告期，公司实现营业收入113680.53万元，同比下滑25.69%；实现归属于母公司所有者的净 利润-2383.34万元。 ...

2月27日，天顺股份（维权）发布2025年年报。报告显示，公司2025年营业收入为11.37亿元，同比下降 25.69%；归母净利润为-2383.34万元，同比下降367.29%；扣非归母净利润为-2553.97万元，同比下降 401.75%；基本每股收益-0.16元。 报告期内，天顺股份基本每股收益为-0.16元，加权平均净资产收益率为-4.70%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 以2月27日收盘价计算，天顺股份目前市盈率（TTM）约为-157.18倍，市净率（LF）约为6.85倍，市销 率（TTM）约为2.64倍。 筹码集中度方面，截至2025年末，公司股东总户数为1.73万户，较三季度末增加了675户，增幅4.06%； 户均持股市值由三季度末的12.75万元增加至13.87万元，增幅为8.80%。 2025年，公司毛利率为3.84%，同比下降1.01个百分点；净利率为-2.32%，较上年同期 ...

Group 1 - The core viewpoint of the news is that Tian Shun Co., Ltd. has experienced a decline in stock price and financial performance, indicating potential challenges in its operations [1][2]. - As of January 5, the stock price of Tian Shun Co., Ltd. fell by 2.03% to 15.44 CNY per share, with a total market capitalization of 2.351 billion CNY [1]. - The company reported a net outflow of 10.07 million CNY in principal funds, with significant selling pressure observed in large orders [1]. Group 2 - Tian Shun Co., Ltd. operates primarily in third-party logistics for bulk and oversized goods, with its main revenue sources being international air logistics (71.53%), third-party logistics (17.63%), and supply chain management (9.48%) [1]. - For the period from January to September 2025, the company achieved a revenue of 782 million CNY, representing a year-on-year decrease of 22.67%, and a net profit attributable to shareholders of -12.67 million CNY, a decline of 170.04% [2]. - The company has distributed a total of 44.27 million CNY in dividends since its A-share listing, with 4.57 million CNY distributed in the last three years [3].

Group 1 - The company reported rapid growth in its third-party logistics business as of October 9 [2]

Core Viewpoint - Tian Shun Co., Ltd. reported mixed operating performance for the first half of 2025, with slight revenue growth but pressure on profitability [1]. Financial Performance - Revenue showed a slight increase, but key profitability metrics such as net profit margin, gross profit margin, and return on equity all declined [3]. - The net profit margin fell from 1.96% in the first half of 2024 to -1.55% in 2025, a decrease of 3.51 percentage points [5]. - The gross profit margin decreased from 6.63% to 5.39%, down by 1.25 percentage points [5]. - Return on equity was -1.23%, down by 2.76 percentage points year-on-year [5]. Operational Stability - The company faced increased pressure from a rising debt-to-asset ratio, which reached 50.23%, an increase of 1.54 percentage points compared to the previous year [7]. - Inventory turnover efficiency showed improvement, and the net cash flow from operating activities turned positive at 1.56 billion yuan, compared to -1.64 billion yuan in the same period of 2024 [7]. - The number of institutional investors holding shares in Tian Shun decreased from 5 to 2, indicating a decline in investor confidence [7]. Market Valuation - The company's market capitalization was reported at 2.372 billion yuan, significantly lower than its peak of 8.467 billion yuan in July 2016, requiring a 256.95% increase in stock price to reach that historical high [7]. - Despite the challenges, the stock price has increased by 50.97% year-to-date, suggesting some level of market interest [7].