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Shanghai Ace Invest&Dvlp Co

Shanghai Ace Investment & Development Co., Ltd. operates a supply chain logistics business in China and internationally. It provides multimodal transport by rail, road, and waterway, supply chain execution trade, and third-party logistics services. The company also offers logistics facilities such as warehouses, bulk cargo yards, container handling stations, liquid chemical storage tanks, and warehousing and processing centers, along with transportation fleets, container tanks, loading and unloading machinery, and dry bulk self-owned containers. Founded in 2003 and headquartered in Shanghai, China, it additionally provides vessel reception, chartering, freight forwarding and booking, customs clearance and inspection, transshipment and bonded warehousing, unpacking, container loading and unloading, and processing services.

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Shanghai Yashi's 2026 interim report shows net profit of 114 million yuan, up 460.72% year-on-year

Shanghai Yashi released its 2026 interim report. The company's total operating revenue was 1.452 billion yuan, and net profit attributable to the parent company was 114 million yuan, up 460.72% from the same period last year, marking three consecutive years of growth. Net cash inflow from operating activities was 284 million yuan, an increase of 558 million yuan compared with the same period last year. The company's asset-liability ratio was 44.89%, gross margin was 16.22%, return on equity was 7.44%, and diluted earnings per share was 0.46 yuan, up 360.00% year-on-year. The number of shareholders was 12,000, and the top ten shareholders held 66.00% of the total share capital.
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603329.CG

Shanghai Yashi subsidiary has 41 million yuan in accounts frozen, same-day dual contracts spark sham intent allegations

Shanghai Yashi's wholly owned subsidiary Hubei Yashi has been sued over a contract dispute, with 41 million yuan in some bank accounts frozen. Laiwu Gaoxin Investment Holding Co., Ltd. filed a lawsuit with the Laiwu District People's Court in Jinan, seeking to confirm that the Product Purchase and Sale Agreement signed by both parties on November 13, 2024, is invalid, and to order Hubei Yashi to return the 40.9836 million yuan already paid plus overdue interest. The plaintiff claims that, according to an effective ruling in another case, there was no genuine purchase and sale relationship between the parties, and the contract is invalid due to sham intent. On the same day, Laiwu Gaoxin also signed another contract with a third party, Shandong Taijia New Material Technology Co., Ltd., for the exact same subject matter, with an amount of 50.4414 million yuan, the two contracts differing only slightly in value. In its announcement, Shanghai Yashi disagreed with the plaintiff's claims and stated it will actively defend the case. The company said the frozen accounts involve a balance of 8.152 million yuan and 26,700 US dollars, and that it has other accounts that can be used normally, with no material adverse impact on operations for the time being.
读创财经·59dRead more →