Group 1 - The company aims to develop in the direction of "shipping + trade" with a focus on improving operational efficiency in its shipping business through a combination of owned and chartered vessels [2] - The company plans to mitigate the impact of market fluctuations by expanding its upstream and downstream commodity trading business while maintaining strict risk control [2] - The company successfully revitalized its owned property assets in the first half of 2024, with the renovated hotel operations expected to enhance asset returns [2] Group 2 - In 2024, the company implemented measures such as short-term capacity locking and expanding market chartering during downturns, resulting in a shipping business revenue of 562 million yuan, a year-on-year increase of 48.95% [3] - The company's gross profit margin for the shipping business reached 11.93%, an increase of 19.84 percentage points year-on-year [3] - The company reported a main revenue of 262 million yuan in Q1 2025, a year-on-year decrease of 11.27%, with a net profit attributable to shareholders of 42.98 million yuan, down 22.68% [4] Group 3 - The company has a significant amount of cash on its balance sheet, primarily used for daily operations and enhancing the performance of its fleet [2] - The company aims to improve the efficiency and profitability of its commodity trading business while optimizing its financial structure [2] - The company has received a recent rating of "buy" from one institution in the last 90 days [5]

Core Viewpoint - The internal control evaluation report of China National Freight Company indicates that as of December 31, 2024, the company has maintained effective internal controls over financial reporting and has not identified any significant deficiencies in both financial and non-financial reporting [1][2][3]. Internal Control Evaluation Conclusion - The company has confirmed that there are no significant deficiencies in financial reporting internal controls as of the evaluation date [2][3]. - There are also no significant deficiencies identified in non-financial reporting internal controls [2][3]. - No factors affecting the effectiveness of internal controls have occurred between the evaluation date and the report issuance date [2][3]. Internal Control Evaluation Work Situation - The evaluation scope included major units, businesses, and high-risk areas, with 99% of total assets and 99% of total revenue included in the evaluation [3][4]. - The evaluation was conducted based on the risk-oriented principle, covering various management processes such as financial management, human resources management, and contract management [3][4]. Internal Control Deficiency Recognition and Rectification - The company reported no significant deficiencies in financial reporting during the evaluation period, although some general deficiencies were identified and rectified without substantial impact on the effectiveness of internal controls [7][8]. - The company has further deepened the construction of its internal control system and plans to continue improving the internal control responsibility system in the next fiscal year [7][8].