一、业绩说明会召开情况 2025年11月28日上午10:00-11:00，公司董事长王晓先生、独立董事肖征山 先生、董事兼副总经理刘磊先生（代行总经理职责）、财务总监傅琳雁女士、董 事会秘书魏春云先生出席了本次业绩说明会，与投资者进行互动交流和沟通，就 投资者关注的问题在信息披露允许的范围内进行了回答。 二、投资者提问及公司回复情况 证券代码：600561 证券简称：江西长运 公告编号：临 2025-063 江西长运股份有限公司关于 2025 年第三季度业绩说明会召开情况的公告 本公司董事会及全体董事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个别及连带责任。 江西长运股份有限公司（以下简称"公司"）于2025年11月28日（星期五） 上 午 10:00-11:00 在 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/），以网络互动方式召开2025年第三季度业绩 说明会。关于本次业绩说明会召开事项，公司已于2025年11月21日在上海证券交 易所网站（www.sse.com.cn ...

Market Overview - The railway and highway sector experienced a decline of 0.28% on November 26, with Fujian Expressway leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Notable gainers in the railway and highway sector included Sichuan Chengyu, which rose by 1.35% to a closing price of 6.00, and Hainan Airlines, which increased by 1.30% to 10.11 [1] - Fujian Expressway saw the largest decline, dropping 3.02% to a closing price of 3.85 [2] Trading Volume and Value - The trading volume for Sichuan Chengyu was 121,600 shares, with a transaction value of approximately 72.87 million yuan [1] - Fujian Expressway had a trading volume of 1,772,400 shares, with a transaction value of about 6.95 million yuan [2] Capital Flow - The railway and highway sector saw a net outflow of 174 million yuan from institutional investors, while retail investors contributed a net inflow of 43 million yuan [2] - Major stocks like Hainan Expressway and Iron Dragon Logistics attracted significant net inflows from retail investors, indicating varied investor sentiment across the sector [3]

Core Viewpoint - Jiangxi Changyun announced the convening of its 32nd meeting of the 10th board of directors on November 24, 2025, via communication voting, discussing the proposal for the third extraordinary shareholders' meeting in 2025 [1] Group 1: Financial Performance - For the year 2024, Jiangxi Changyun's revenue composition is as follows: passenger transportation accounts for 47.56%, freight transportation for 25.31%, other businesses for 18.26%, and sales for 8.87% [1] - As of the report date, Jiangxi Changyun has a market capitalization of 1.9 billion yuan [1] Group 2: Related News - Dapeng Industrial's strategic placement has significantly benefited its insiders, with a subscription price of 9 yuan and a first-day listing price of 118 yuan, resulting in a paper profit of 24.92 million yuan for the actual controller and his brother [1]

Group 1: Financial Products and Investment Performance - The issue of inflated returns on bank wealth management products has gained significant attention, with many investors reporting discrepancies between advertised and actual returns [1] - Industry experts call for standardized performance displays and emphasize the need for investors to develop a more professional and rational understanding of performance benchmarks [1] - Liang Hong, a prominent private equity manager, publicly apologized for underperforming against major indices, attributing the decline to three main factors: heavy investments in innovative drugs, hardware companies, and stablecoin stocks [1][2] Group 2: Robotics and Electric Vehicles - The Ministry of Industry and Information Technology announced the establishment of a standardization committee for humanoid robots, with representatives from several listed companies included [2] - According to TrendForce, global sales of new energy vehicles reached 5.39 million units in Q3 2025, marking a 31% year-on-year increase, with battery electric vehicles (BEVs) growing by 48% [2] Group 3: Corporate Developments and Investments - Tuozhu denied reports of Tencent's investment in its latest funding round, stating that no current financing is taking place [3] - Jiangxi Changyun announced plans to publicly transfer land use rights and assets for 7.787 million yuan [5] - Longqi Technology's subsidiary plans to invest 30 million yuan in a venture capital fund focused on the intelligent industry [6] - Jusaylong intends to increase its subsidiary's capital by 170 million yuan through a debt-to-equity swap [7] - ST Sansheng received 254 million yuan from restructuring investors [8] - Lege Co., Ltd. plans to repurchase shares worth 40 to 80 million yuan [9] - Petty Co., Ltd. announced a share buyback plan of 50 to 70 million yuan [11] Group 4: Market Performance - The market showed a rebound with all major indices closing in the green, driven by strong performances in the aerospace, military, and AI application sectors [15] - The total trading volume in the Shanghai and Shenzhen markets was 1.73 trillion yuan, reflecting a decrease from the previous trading day [15]

Group 1 - Huafeng Co., Ltd. announced a stock suspension due to a potential change in control after signing a share transfer intention agreement [1] - Keshida plans to reduce its shareholding by up to 424,000 shares, representing 0.07% of its total share capital [1] - Jinqilin intends to distribute a cash dividend of 0.10 yuan per share, totaling 19.61 million yuan [1] Group 2 - Rejingshi Biotech has repurchased 904,100 shares, accounting for 0.98% of its total share capital, with a total expenditure of 150 million yuan [2] - Yishitong has repurchased 1,236,500 shares, representing 0.619% of its total share capital, with a total expenditure of approximately 33.49 million yuan [2] Group 3 - Hanjia Design announced the release of a detention on its subsidiary's chairman, allowing him to resume duties [4] - Qingmu Technology plans to acquire 65.83% of Vitalis Pharma AS for 300 million Norwegian Krone (approximately 212 million yuan) [4] - Anda Intelligent's shareholder plans to reduce its stake by up to 2.74% [4] Group 4 - Wansheng Intelligent is a candidate for a project with a pre-bid amount of approximately 42.99 million yuan, representing 4.56% of its audited revenue for 2024 [4] - Yipin Hong received a drug registration certificate for a medication used to treat Alzheimer's symptoms [4] Group 5 - *ST Sansheng received a total of 254 million yuan from restructuring investors [4] - Haichuang Pharmaceutical received approval for clinical trials of HP518 tablets for advanced prostate cancer treatment [4] Group 6 - Ningbo Huaxiang's subsidiary plans to invest 5 million yuan in a venture capital fund focusing on intelligent industries [4] - Petty Co. plans to repurchase shares worth 50 to 70 million yuan [4] Group 7 - Tongji Technology's subsidiary won a construction project with a bid price of 866 million yuan [4] - Prolo Pharmaceutical received a drug registration certificate for a generic drug [4] Group 8 - Jingyan Technology plans to use up to 1.6 billion yuan of idle funds for financial management [4] - Furan De received government subsidies totaling 34.65 million yuan [4] Group 9 - David Medical's subsidiary's medical device registration has been accepted [4] - Jusaylong plans to increase its subsidiary's capital by 170 million yuan through debt-to-equity conversion [4] Group 10 - Heng Rui Pharmaceutical's application for a drug license has been accepted by the National Medical Products Administration [4] - Lege Co. plans to increase its stake in the company by 40 to 80 million yuan [4] Group 11 - New Beiyang's subsidiary won a project with the Bank of Communications [4] - Jiangxi Changyun plans to publicly transfer land use rights and buildings with a starting price of 7.79 million yuan [4] Group 12 - Shenqi Pharmaceutical's subsidiary has paid approximately 16.67 million yuan in tax and penalties [4] - Panjiang Co. plans to invest 1.334 billion yuan in a power plant project [4] Group 13 - Fashilong's vice president resigned for personal reasons [4] - Chunxue Food received government subsidies of 3.79 million yuan [4] Group 14 - China Galaxy completed the repayment of a short-term financing bond totaling 3.025 billion yuan [4] - Jiuzhou Pharmaceutical received approval for a chemical raw material drug [4] Group 15 - Longqi Technology's subsidiary plans to invest 30 million yuan in a venture capital fund [4]

Core Points - Jiangxi Changyun announced plans to apply for a trust loan of up to 1 billion yuan from China Everbright International Trust Co., Ltd. [2] - The loan will have a term of 5 years and is intended to support the company's financing needs [2] - The company's indirect controlling shareholder, Nanchang Transportation Investment Group Co., Ltd., will provide a joint liability guarantee for this financing [2] Summary by Category Company Actions - Jiangxi Changyun's board of directors approved the proposal to seek trust financing [2] - The company aims to secure a trust loan not exceeding 1 billion yuan [2] Financial Details - The proposed loan will have a duration of 5 years [2] - The financing will be backed by a guarantee from the company's indirect controlling shareholder [2] Stakeholder Involvement - Nanchang Transportation Investment Group Co., Ltd. is involved as the guarantor for the trust loan [2]

Core Viewpoint - Jiangxi Changyun announced the public transfer of land use rights and related assets of Nanfeng West Station, with a starting price of 7.787 million yuan [2] Group 1: Company Announcement - Jiangxi Changyun's wholly-owned subsidiary, Jiangxi Fuzhou Changyun Co., Ltd., is set to publicly transfer land use rights and buildings at Nanfeng West Station [2] - The transfer will be conducted through a property rights exchange, with the initial transfer price set at 7.787 million yuan based on the assessed value of the assets [2] - The transaction has been approved by the company's 10th Board of Directors at its 32nd meeting and does not require shareholder approval [2]

本资产评估报告依据中国资产评估准则编制 江西抚州长运有限公司拟资产转让事宜涉及的 该公司位于南丰汽车站西客站房地产市场价值 资产评估报告 中铭评报字[2025]第 2192 号 (共壹册 第壹册) 中铭国际资产评估(北京)有限责任公司江西分公司 ZhongMing（Beijing）AssetsAppraisalInternationalCo.,Ltd 二〇二五年八月八日 江西抚州长运有限公司拟资产转让事宜涉及的该公司位于南丰汽车站西客站房地产市场价值·资 产评估报告 | 声明 | | --- | | 资产评估报告摘要 … | | 资产评估报告正文 | | 一、委托人(产权持有人)和资产评估委托合同约定的其他资产评估报告使用人 | | 概况 | | 二、评估目的 . | | 三、评估对象和评估范围 | | 四、价值类型及其定义 . | | 五、评估基准日 | | 六、评估依据 . | | 七、评估方法 | | 八、评估程序实施过程和情况 | | 九、评估假设 ……………………………………………………………………………………………………………………………………… 19 | | 十、评估结论 | | 十一、特别事项 ...

本次交易已经公司第十届董事会第三十二次会议审议通过，无需提交股 东会审议。 证券代码：600561 证券简称：江西长运 公告编号：2025-061 江西长运股份有限公司关于 全资子公司江西抚州长运有限公司拟公开挂牌转让 南丰西站土地使用权及地上建筑物的公告 本公司董事会及全体董事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： 江西长运股份有限公司（以下简称"公司"）所属全资子公司江西抚州长 运有限公司（以下简称"抚州长运"）拟在产权交易所公开挂牌转让持有的南丰 西站土地使用权及地上建筑物等资产，并拟按照上述资产的评估价值，以 778.70 万元作为首次挂牌转让底价，最终转让价格以产权交易所挂牌成交结果为准。 本次交易将采取公开挂牌方式进行，尚未确定交易对方，尚不确定是否 构成关联交易。 本次交易不构成重大资产重组 本次交易拟通过公开挂牌方式进行，交易能否达成及最终成交价格均存 在不确定性。公司将密切关注本次交易的进展情况，及时履行信息披露义务，敬 请广大投资者注意投资风险。 一、交易概述 （一）本次交易的基本情况 1、本次交易概况 ...

本公司董事会及全体董事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个别及连带责任。 江西长运股份有限公司（以下简称"公司"）于2025年11月24日召开第十届 董事会第三十二次会议，审议通过了《关于向交银国际信托有限公司申请信托融 资的议案》，现将相关情况公告如下： 一、融资事项概述： 证券代码：600561 证券简称：江西长运 公告编号：临 2025-062 江西长运股份有限公司关于 向交银国际信托有限公司申请信托融资的公告 二、信托公司基本情况 公司名称：交银国际信托有限公司 统一社会信用代码：914200001775900188 法定代表人：张文 企业类型：有限责任公司（国有控股） 注册地址：武汉市江汉区建设大道 847 号瑞通广场 B 座 16-17 层 注册资本：576470.588235 万元 经营范围：许可项目：非银行金融业务；信托业务（依法须经批准的项目， 经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可 1 为满足经营发展需要，同时为优化融资结构，公司拟以信托贷款方式向交银 国际信托有限公司申请不超过 10 亿元的信 ...