Zhongchuang Logistics (603967) Daily Limit Analysis and Trend Forecast on December 31, 2025

On December 31, 2025, Zhongchuang Logistics (603967), a listed company on the Shanghai Stock Exchange, hit the daily limit up. Analysis shows that this daily limit up was not driven by any company-specific major news [0], but mainly influenced by two systematic factors:

1. Macroeconomic Policy Benefits
   : On the same day, China announced that it would achieve the 5% growth target in 2025, and more proactive economic policies would be introduced in 2026. At the same time, 62.5 billion yuan would be allocated from special government bonds for the consumer goods trade-in program, which will directly drive the growth of consumer goods transportation demand and benefit the logistics industry [0].
2. Manufacturing Recovery Support
   : In December, China’s factory activities ended the longest downturn in history, and the manufacturing recovery will increase the transportation demand for raw materials and finished products, further driving the growth of logistics business [0].
   Market sentiment层面,受宏观政策刺激和制造业复苏信号影响,投资者对物流行业整体情绪积极[0].

1. Logistics stocks are highly sensitive to macroeconomic policies and manufacturing trends. This daily limit up reflects that the market’s expectation of economic recovery has been transmitted to the cyclical logistics industry [0].
2. The lack of company-specific news indicates that this daily limit up is more driven by systematic factors rather than a sudden change in the company’s intrinsic value. The subsequent trend needs to be continuously verified in combination with the macro environment [0].

• 机遇
  : The consumer goods trade-in program will directly increase the scale of logistics demand, and the continuous recovery of manufacturing will provide long-term support for the growth of logistics business [0].
• 风险
  : There are uncertainties in the speed of policy implementation and execution effect. The logistics industry is highly competitive, and whether macroeconomic growth can continue to meet expectations needs continuous tracking [0].

Zhongchuang Logistics (603967)'s daily limit up on December 31, 2025 was driven by systematic factors such as macroeconomic policies and manufacturing recovery, with no company-specific major news. Future trends need to focus on:

• The implementation progress of the 62.5 billion yuan consumer goods trade-in program
• The continuous performance of recovery indicators such as Manufacturing PMI
• Changes in the logistics industry competition pattern