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。 证券代码：603056 证券简称：德邦股份 公告编号：2026- 022 德邦物流股份有限公司 关于为控股子公司提供担保的进展公告 重要内容提示： | 被担保人名称 | 本次担保金 | | 实际为其提供的 担保余额（不含 | | 是否在前 期预计额 | 本次担保 是否有反 | | --- | --- | --- | --- | --- | --- | --- | | | 额 | | | | | | | | | | 本次担保金额） | | 度内 | 担保 | | 石家庄德邦物流有限公司 | 0.83 | 万元 | 26.61 | 万元 | 是 | 否 | | 成都全程德邦物流有限公司 | 20.92 | 万元 | 308.62 | 万元 | 是 | 否 | | 宁波宣德德邦供应链管理有限公司 | 51.42 | 万元 | 710.20 | 万元 | 是 | 否 | | 南昌德邦物流有限公司 | 87.31 | 万元 | 373.55 | 万元 | 是 | 否 | | 北京德邦货运代 ...

Core Viewpoint - The A-share market is entering a new phase of "clearing" as the first batch of companies facing delisting emerges, with *ST Changyao being the first to receive a notice of termination of listing, indicating an acceleration of the market-oriented delisting process [1][2]. Group 1: *ST Changyao - *ST Changyao has been penalized for financial fraud, with its 2021-2023 annual reports containing false records, leading to a fine and a notice of termination of listing from the Shenzhen Stock Exchange [2][3]. - The company's financial performance has been deteriorating, with losses reported from 2022 to the first three quarters of 2025 amounting to -23.27 million, -606 million, -628 million, and -210 million respectively, and owner equity dropping to -668 million by September 2025 [2]. - The stock price has been below the "1 yuan red line" since December 30, 2025, triggering potential delisting under the Shenzhen Stock Exchange rules [3]. Group 2: *ST Aowei - *ST Aowei is the first company to face delisting due to market value, having recorded a total market value below 500 million yuan for 20 consecutive trading days, alongside a stock price below 1 yuan for 11 consecutive days [6][8]. - The company has reported losses from 2022 to the first three quarters of 2025, with figures of -53.18 million, -34.20 million, -46.11 million, and -188 million respectively, while its revenue has also been declining [6][8]. Group 3: Guandao Digital - Guandao Digital is noted as the first company to be forcibly delisted from the Beijing Stock Exchange due to major violations, with false records in multiple annual reports leading to its delisting in January 2026 [8][9]. Group 4: Debang Shares - Debang Shares has opted for voluntary delisting, with plans to integrate into JD Logistics, while maintaining its independent brand and operations [10][11]. - The company has set a cash option price of 19 yuan per share for shareholders, which is above the current market price [11]. Group 5: Other Companies at Risk - Several companies are at risk of delisting due to poor financial performance, including *ST Jinglun, *ST Lifan, and *ST Xiongmao, which have reported negative net profits and may face delisting warnings following their annual reports [13][14][15]. - The ongoing registration system reform is normalizing the "should delist" mechanism in the A-share market, with a focus on companies with poor financial indicators [15].

Group 1 - The nomination of Kevin Warsh as the next Federal Reserve Chairman by President Trump has sparked hawkish expectations, leading to a significant sell-off in the global precious metals market, with silver dropping over 35% and gold nearly 13% [3][5] - The Federal Reserve's policy framework may see a notable shift if Warsh assumes leadership, as Deutsche Bank suggests a unique combination of "rate cuts and balance sheet reduction" could emerge under his guidance [3] - The U.S. Treasury Department reported a projected decline in national fiscal revenue for 2025, with total revenue expected to be 21.6 trillion yuan, a decrease of 1.7% year-on-year [4] Group 2 - The World Trade Organization ruled that U.S. clean energy subsidy measures violate WTO rules in the dispute initiated by China regarding the Inflation Reduction Act [4] - The China-UK economic relationship is set to deepen with the signing of four economic cooperation documents, focusing on "Export to China" initiatives and service trade agreements [4] - The Panama Supreme Court ruled that the contract for the operation of ports along the Panama Canal held by CK Hutchison is invalid, prompting a response from the Chinese government to protect its legitimate rights [4] Group 3 - The China Securities Regulatory Commission (CSRC) is working to enhance the attractiveness and flexibility of refinancing systems to support the capital market's stable growth [6] - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.96% and significant sell-offs in gold stocks [6] - The CSRC is revising the registration management measures for listed companies to clarify the types of strategic investors and enforce a minimum holding requirement of 5% [6] Group 4 - The regulatory body has issued new guidelines for fund sales and marketing practices, prohibiting collaborations with unqualified internet influencers and requiring the removal of misleading features from fund platforms [7] - The Hong Kong Securities and Futures Commission is addressing issues related to the surge in IPO applications expected in 2025, highlighting deficiencies in the preparation of listing documents [8] - The Shanghai Stock Exchange is monitoring stocks with abnormal fluctuations and has reported several cases of suspected violations to the CSRC [8]

Core Viewpoint - The company has decided to voluntarily terminate its stock listing, providing cash options to shareholders, excluding specific entities, with a set exercise price for the cash option [2] Group 1: Shareholder Meeting and Decisions - On January 29, the company held a shareholder meeting where the resolution to terminate the stock listing was approved [2] - The resolution grants all A-shareholders, except for Suqian JD Zhuofeng Enterprise Management Co., Ltd. and its concerted party, the right to cash options based on their shareholdings as of the record date [2] Group 2: Cash Option Details - The closing price of the company's A-shares on January 20 was 18.85 yuan per share, while the exercise price for the cash option is set at 19 yuan per share [2] - The exercise period for the cash option is from February 9 to February 12, 2026, during which the company's stock and derivatives will be suspended from trading [2] - The cash option can be submitted through the Shanghai Stock Exchange trading system, and there will be no on-site submission option [2] Group 3: Stock Suspension and Delisting - The company's stock has been suspended from trading since January 21, 2026, and will be delisted within five trading days after the announcement of the termination decision by the Shanghai Stock Exchange [2]

格隆汇1月30日｜德邦股份公告，预计2025年年度实现归属于母公司所有者的净利润为-53,896.46万元 到-43,896.46万元，与上年同期相比，将出现亏损。本期公司业绩预计亏损主要受外部环境及内部经营 策略调整双重影响。外部环境方面，上游制造业、商贸企业等客户对物流成本控制诉求增强，行业整体 面临较大的价格下行压力。内部经营方面，一方面，为更好地保障春节期间客户的发货体验，公司在 2025年一季度加大了一线人员留岗和资源配置，确保货物平稳运转。另一方面，为提升核心主营产品竞 争力，自2025年三季度以来，公司在运力、人力等方面增加了战略性资源投入。 ...

证券代码：603056 证券简称：德邦股份 公告编号：2026-021 德邦物流股份有限公司 关于本次终止上市事项现金选择权申报公告 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： 通过上海证券交易所交易系统进行申报，公司不提供现场申报方式。 申报期间：2026 年 2 月 9 日至2 月 12 日，期间公司股票及衍生品种停牌。 申报编号：A 股申报编号为 770004 申报简称：A 股申报简称德邦现金 申报方式：通过上海证券交易所交易系统网上申报，公司不提供现场申报 方式。 申报方向：申报卖出；"申报买入"为无效申报；申报有效期内，当天可 以撤单，次日开始不得撤回。 京东物流运输有限公司作为本次现金选择权提供方，受让全部有效申报行 使现金选择权的股份。最大受让数量为：202,782,159股。 融资融券信用证券账户中持有公司股票且需要进行现金选择权申报的投 资者，应在现金选择权股权登记日前完成将相应股票从信用证券账户划转 至其对应的普通证券账户，并于申报期通过普通证券账户进行相关申报。 （四）现金选择权的申报 ...

1.业绩预告的具体适用情形：净利润为负值。 2.德邦物流股份有限公司（以下简称"公司"）预计 2025 年年度实现归属 于母公司所有者的净利润为-53,896.46 万元到-43,896.46 万元。 3.公司预计 2025 年年度实现归属于母公司所有者的扣除非经常性损益的净 利润为-62,814.13 万元到-52,814.13 万元。 一、本期业绩预告情况 （一）业绩预告期间 证券代码：603056 证券简称：德邦股份 公告编号：2026-020 德邦物流股份有限公司 2025 年年度业绩预亏公告 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： 2025 年 1 月 1 日至 2025 年 12 月 31 日 （二）业绩预告情况 经财务部门初步测算，预计 2025 年年度实现归属于母公司所有者的净利润 为-53,896.46 万元到-43,896.46 万元，与上年同期相比，将出现亏损。 预计 2025 年年度实现归属于母公司所有者的扣除非经常性损益后的净利润 为-62,814.13 万元到-52,814. ...

(本文来自第一财经) 德邦股份公告，预计2025年年度实现归属于母公司所有者的净利润为-53896.46万元到-43896.46万元。 本期公司业绩预计亏损主要受外部环境及内部经营策略调整双重影响。外部环境方面，上游制造业、商 贸企业等客户对物流成本控制诉求增强，行业整体面临较大的价格下行压力。内部经营方面，自2025年 三季度以来，公司在运力、人力等方面增加了战略性资源投入。其中，运力方面，公司为保障时效，提 升发车频次，干支线运输趟次同比增加，燃油路桥费、干支线外请成本相应增加；人力方面，公司为保 障服务质量，提升收派、时效能力，增加了人力资源投入。 ...

证券代码：603056 证券简称：德邦股份 公告编号：2026-019 德邦物流股份有限公司 关于第二期员工持股计划部分股份回购注销实施公告 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： 回购注销原因：德邦物流股份有限公司（以下简称"公司"）第二期员 工持股计划中，有 13 名持有人在锁定期届满前离职，对应的 2,926,900 股公司 股份由公司回购注销。 本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | | 2,926,900 | 2,926,900 | 2026 | 年 | 2 月 | 4 日 | 一、本次员工持股计划回购注销的决策与信息披露 （一）公司于 2025 年 11 月 28 日召开第六届董事会第十一次会议、于 2025 年 12 月 15 日召开 2025 年第三次临时股东会，审议通过了《关于拟回购注销第 二期员工持股计划部分股份的议案》，同意对公司第二期员工持股计 ...

北京世辉律师事务所 关于德邦物流股份有限公司 2026 年第一次临时股东会的 法律意见书 致：德邦物流股份有限公司 北京世辉律师事务所（以下简称"本所"）为具有从事法律业务资格的律师事 务所。本所接受德邦物流股份有限公司（以下简称"公司"）的委托，指派本所律 师根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证券 法》"）《上市公司股东会规则》等有关法律、法规、规范性文件（以下统称"法 律法规"）及《德邦物流股份有限公司章程》（以下简称"《公司章程》"）的规定， 就公司 2026 年第一次临时股东会（以下简称"本次股东会"）相关事宜出具本法 律意见书。 本所及本所律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日 以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信 用原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、准确、完 整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗 漏，并承担相应法律责任。 为出具本法律意见书，本所律师查阅了公司提供的有关本次股东会的相关 ...