Financial Performance - The company's net profit attributable to shareholders for 2021 was RMB 1.243 billion, representing a 47% increase year-on-year[14]. - Operating revenue for 2021 reached RMB 37 billion, reflecting a growth of 35% compared to the previous year[14]. - The company's operating revenue for 2021 was CNY 12,434.55 million, representing a 47.09% increase from CNY 8,453.68 million in 2020[38]. - Net profit attributable to shareholders for 2021 was CNY 371.34 million, up 34.82% from CNY 275.44 million in 2020[38]. - The net profit excluding non-recurring gains and losses was CNY 338.92 million, reflecting a 43.96% increase from CNY 235.44 million in 2020[38]. - The net cash flow from operating activities for 2021 was CNY 416.49 million, a 5.27% increase compared to CNY 395.64 million in 2020[38]. - In 2021, the company achieved operating revenue of RMB 124.346 billion, representing a year-on-year growth of 47.09%[41]. - The net profit attributable to shareholders reached RMB 3.713 billion, an increase of 34.82% compared to the previous year[41]. - Basic earnings per share (EPS) for 2021 was RMB 0.50, up from RMB 0.37 in 2020, reflecting a growth of 34.82%[40]. - The weighted average return on equity (ROE) increased to 11.69%, up by 2.34 percentage points from 2020[40]. - The net profit after deducting non-recurring gains and losses was RMB 2.946 billion, with a basic EPS of RMB 0.46, compared to RMB 0.32 in 2020[40]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.18 per share, totaling approximately RMB 1.332 billion based on the total share capital of 7,400,803,875 shares[5]. - The company plans to distribute a cash dividend of RMB 1.8 per 10 shares, totaling RMB 1.332 billion, with a payout ratio of 36%[54]. Operational Efficiency and Innovations - The implementation of AI, RPA, and EDI solutions led to a processing volume of over 15.8 million documents, enhancing operational efficiency by 300%[23]. - The company is the first in the country to apply L4-level autonomous driving technology for long-distance freight transportation[23]. - The company launched an intelligent container inspection system that achieves over 99% accuracy in damage assessment, significantly improving inspection efficiency and reducing workload by 10%[112]. - The company achieved a 30% improvement in tire logistics efficiency, reducing loading time from 120 minutes to 80 minutes per vehicle[113]. - The automatic driving truck project completed over 45,000 kilometers of transportation, achieving a 100% on-time delivery rate[114]. Growth in Specific Segments - Air freight volume increased to 804,000 tons, with a revenue growth of 32% and a segment profit increase of 23%[13]. - Cross-border e-commerce logistics revenue surged by 108%, with a segment profit growth of 30%[17]. - The company launched over 5,300 China-Europe freight trains, achieving a revenue increase of 61% and a business volume growth of 65%[13]. - The air freight business achieved a revenue of RMB 22.943 billion, a year-on-year increase of 59.60%, with segment profit rising by 67.82% to RMB 678 million[64]. - The contract logistics business saw a revenue increase of 22.64% to RMB 33.37 billion, driven by significant growth in new project volumes[65]. - The e-commerce business generated revenue of RMB 14.253 billion, a 98.62% increase from RMB 7.176 billion, with segment profit rising to RMB 0.249 billion, up 27.44%[72]. Assets and Liabilities - Total assets at the end of 2021 were CNY 7,430.29 million, a 12.89% increase from CNY 6,581.87 million at the end of 2020[39]. - Total liabilities at the end of 2021 were CNY 3,925.48 million, which is a 16.94% increase from CNY 3,356.79 million at the end of 2020[39]. - Net assets attributable to shareholders at the end of 2021 were CNY 3,309.90 million, an 8.71% increase from CNY 3,044.80 million at the end of 2020[39]. Strategic Initiatives and Future Plans - The company plans to continue expanding its logistics services and enhancing operational efficiency in the coming years[41]. - The company aims to enhance its digital transformation and logistics technology innovation to drive high-quality development[57]. - The company is committed to overseas expansion through both organic growth and mergers and acquisitions to enhance its service capabilities[57]. - The company aims to establish a world-class smart logistics platform by 2025, focusing on data-driven, networked, and intelligent development models[173]. - The company is focusing on enhancing its overseas network and improving end-to-end supply chain service capabilities to create value for customers and shareholders[172]. Sustainability and Environmental Initiatives - The company signed a sustainable aviation fuel agreement with Air France-KLM, which can reduce CO2 emissions by 85%[23]. - The company has incorporated "green logistics" into its planning, focusing on energy resource usage and carbon emission reduction[61]. - The company is implementing a "dual carbon" strategy, establishing a project team to create a carbon peak action plan and a roadmap for carbon neutrality[177]. - The company has set clear mid- to long-term sustainability goals, including a vision for carbon neutrality by 2060[196]. - The company has established an ESG committee to oversee the implementation of environmental, social, and governance initiatives[196]. Market Trends and Economic Outlook - The company anticipates a GDP growth of around 5.5% in China for 2022, despite facing pressures from demand contraction and supply shocks[171]. - The overall trade growth is expected to slow down to 4.7% in 2022, following a strong rebound of 10.8% in 2021[171]. - The logistics industry is expected to see continued high prices for air freight and a tight supply of shipping capacity in the first half of 2022, influenced by the ongoing pandemic[172]. Risk Management and Compliance - The company is enhancing internal controls and risk management systems to mitigate operational risks associated with logistics and supply chain[182]. - The company is committed to complying with significant laws and regulations affecting its operations, including logistics-related laws[195]. - The company is addressing macroeconomic risks by closely monitoring economic trends and adjusting resource allocation dynamically[179].

股票代碼：0598HK 601598SH 成就客戶 創造價值 中期報告 2021 重要提示 2021年中期報告 1 一、 本公司董事會、監事會及董事、監事、高級管理人員保證半年度報告內容的真實、準確、完整，不存在虛 假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二、 未出席董事情況 | --- | --- | --- | --- | |----------------|--------|--------------------------------------------------|--------| | 未出席董事職務 | | 未出席董事姓名 未出席董事的原因說明 被委託人姓名 | | | 董事長 | 李關鵬 | 其他工作安排 | 宋嶸 | | 非執行董事 | 熊賢良 | 其他工作安排 | 宋德星 | | 非執行董事 | 江艦 | 其他工作安排 | 宋德星 | 三、 本半年度報告未經審計。 四、 公司負責人李關鵬、主管會計工作負責人王久雲及會計機構負責人（會計主管人員）麥麗娜聲明：保證半年 度報告中財務報告的真實、準確、完整。 五、 董事會決議通過的本報告期利潤分配預案或公積金轉增股本預案 ...

SINOTRANS 中國外運股份有限公司 SINOTRANS LIMITED 股票代碼：0598HK 601598SH 国家有需 外运必达! 中国加油! 中国外运 成 就 客 戶 創 造 價 值 2020年度報告 重要提示 2020年年報 1 一、 本公司董事會、監事會及董事、監事、高級管理人員保證年度報告內容的真實、準確、完整，不存在虛假 記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二、 未出席董事情況 | --- | --- | --- | --- | |-----------------------|----------------|-----------------------------|---------------| | 未出席董事職務 | 未出席董事姓名 | 未出席董事的原因說明 | 被委託人姓名 | | 執行董事 非執行董事 | 宋嶸 粟健 | 其他工作安排 其他工作安排 | 李關鵬 熊賢良 | 三、 信永中和會計師事務所（特殊普通合夥）為本公司出具了標準無保留意見的審計報告。 四、 公司負責人李關鵬、主管會計工作負責人王久雲及會計機構負責人（會計主管人員）麥麗娜聲明：保證年度 ...

Financial Performance - The company's operating revenue for 2020 was RMB 84.54 billion, representing a 9% increase year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 0.32 per share, a 12% increase compared to the previous year[11]. - The company's operating revenue for 2020 was CNY 8,453.68 million, representing an increase of 8.86% compared to CNY 7,765.51 million in 2019[38]. - The net profit attributable to shareholders for 2020 was CNY 275.44 million, a decrease of 1.77% from CNY 280.41 million in 2019[38]. - The company's net profit for 2020 was RMB 2.754 billion, a decrease of 1.77% year-on-year, mainly due to a significant tax write-off in 2019[40]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was RMB 2.354 billion, an increase of 13.57% year-on-year, driven by strong demand in the air freight market and rising freight rates[40]. - The company reported a net cash flow from operating activities of RMB 2.948 billion in Q4 2020, showing strong cash generation capabilities[43]. - The net cash flow from operating activities for the year ended December 31, 2020, was RMB 3,956.39 million, an increase of RMB 634 million or 19.09% compared to the previous year[128]. Business Growth and Expansion - The air freight business, including air freight agency and cross-border e-commerce logistics, saw a volume increase of 19%, with 532,300 tons handled[11]. - The cross-border e-commerce logistics business experienced a significant growth of 174%, processing 26,985,500 orders[11]. - The company completed the acquisition of 100% equity in KLG Group, enhancing its European network capabilities[12]. - The company completed the acquisition of 65% of Jiaxing Port Logistics Co., Ltd. and 100% of Hunan Foreign Trade Customs Co., Ltd., which are accounted for as business combinations under common control[40]. - The company launched three premium block train routes and operated a total of 1,580 trains, with a year-on-year increase of 25.6% in dispatch volume[89]. - The company expanded its professional logistics services into high-growth sectors, including consumer goods, automotive, electronics, and healthcare[88]. - The company aims to enhance its international competitiveness by strengthening its overseas agency network and has identified 8 key overseas agents for focused management[100]. Strategic Initiatives - The company plans to distribute a cash dividend of RMB 1.2 per 10 shares, totaling RMB 888,096,465[4]. - The company aims to establish a world-class smart logistics platform by 2025, focusing on data-driven, platform-based, and networked operations[54]. - The company is focusing on the development of new products and technologies to improve service efficiency and customer satisfaction[35]. - The company aims to explore potential mergers and acquisitions to strengthen its competitive position in the logistics sector[35]. - The company has set a performance guidance for 2021, expecting a revenue growth of approximately 10% year-over-year[35]. - The company aims to enhance its end-to-end supply chain service capabilities through digital product advancement and intelligent operations[158]. - The company is committed to enhancing its digital competitive advantage by establishing six major platforms for product services, business operations, resource management, data services, and technical support[167]. Operational Efficiency and Innovation - The company reported a 30% increase in average business processing capacity at the customs sharing center due to digital warehouse solutions[12]. - The company's digital platform "Yunyi Tong" was recognized as a model enterprise in the "Science and Technology Reform Demonstration Action" list[53]. - The intelligent document processing platform supports 2,700 types of documents, with an annual processing capacity exceeding 5 million documents, and the loading efficiency increased by approximately 10%[83]. - The company achieved a 40% reduction in IT infrastructure costs over the past four years through a hybrid cloud strategy, while service efficiency improved by three times[83]. - The company is focusing on technological innovation and business model innovation to integrate internal and external resources, enhancing its cross-border e-commerce business[61]. - The company aims to leverage digital solutions, including automation and blockchain technology, to improve operational efficiency in professional logistics[162]. Market Conditions and Economic Impact - In 2020, China's GDP was 101.60 trillion RMB, with a year-on-year growth of 2.3%, a decrease of 3.7 percentage points compared to the previous year[63]. - The total import and export volume of goods in China reached 32.16 trillion RMB in 2020, with a year-on-year increase of 1.9%, while the trade surplus was 3.7 trillion RMB, up 27.4% year-on-year[63]. - The logistics industry is expected to see rapid development in fragmented logistics demand driven by changes in consumption patterns during the 14th Five-Year Plan period[157]. - The global air cargo volume is expected to decline by 11.58% in 2020, with air cargo revenue projected to increase from 102.4 billion USD in 2019 to 117.7 billion USD in 2020[72]. Corporate Governance and Compliance - The company has established a comprehensive risk management system to identify and mitigate potential risks arising from the COVID-19 pandemic and macroeconomic conditions[169]. - The company has implemented a comprehensive management system based on ISO standards, including quality, environmental, and occupational health and safety management systems[180]. - The company has complied with significant laws and regulations affecting its operations, including the Chinese Road Traffic Safety Law and the Chinese Maritime Code[179]. - The company has a dedicated department to monitor compliance with laws and regulations that significantly impact its operations[179]. Shareholder Returns and Profit Distribution - The company has established a profit distribution policy that mandates a minimum cash dividend of 10% of the distributable profit for the year, provided the company is profitable and has positive retained earnings[182]. - The cash dividend policy for the three-year period from 2018 to 2020 stipulates that the cumulative cash distribution should not be less than 30% of the average annual distributable profit over those three years[183]. - The company’s independent directors have expressed their agreement with the proposed profit distribution plan, pending approval at the annual general meeting[184]. - The cash dividend is expected to be paid by July 27, 2021, following the approval of the shareholders' meeting[184].

Financial Performance - For the first half of 2020, the company achieved a net profit attributable to shareholders of RMB 1.215 billion, a decrease of 19.93% year-on-year [28]. - Operating revenue for the same period was RMB 39.691 billion, representing a year-on-year increase of 5.22% [26]. - The net profit after deducting non-recurring gains and losses was RMB 1.087 billion, a decrease of 16.88% year-on-year [26]. - Basic earnings per share for the first half of 2020 were RMB 0.1642, down 22.36% compared to RMB 0.2115 in the same period last year [27]. - The total assets at the end of the reporting period were RMB 64.105 billion, an increase of 3.58% from the previous year [26]. - The weighted average return on net assets decreased to 4.18%, down 1.51 percentage points from the previous year [27]. - The company reported a significant increase in R&D expenses, which rose by 731.78% to RMB 52.98 million, driven by investments in digital infrastructure [74]. - The total operating cost for the first half of 2020 was approximately RMB 37.42 billion, a 5.91% increase from RMB 35.33 billion in the same period of 2019 [73]. - The company's retained earnings increased to RMB 14,504,852,538.79 from RMB 14,170,510,834.74, marking an increase of approximately 2.4% [200]. E-commerce and Logistics Growth - The company reported a 38% increase in e-commerce business revenue, with core direct customer revenue accounting for 68% of total revenue [12]. - The e-commerce business experienced a remarkable growth of 68.42%, with external revenue reaching RMB 2.623 billion compared to RMB 1.557 billion in the previous year [63]. - The company aims to transform its e-commerce business towards platformization and ecosystem development, integrating resources through technological and business model innovations [37]. - The company aims to build a world-class smart logistics platform, emphasizing its vision to drive industrial progress through logistics [8]. - The company has established a nationwide cold chain logistics network, providing integrated services including cold chain warehousing, trunk transportation, and distribution [34]. Acquisitions and Investments - The company has acquired KLG Europe Holding B.V., which includes seven logistics companies now fully owned subsidiaries [15]. - The company completed the acquisition of 100% equity in KLG Group, contributing RMB 678 million to revenue [51]. - The company reported a significant increase in other non-current liabilities by 184.75% to approximately 2.030 billion RMB, mainly due to liabilities related to the management of assets at Lanshi Port [85]. - The company is exploring asset securitization and private equity fund opportunities while continuing to separate light and heavy assets within the group [54]. Risk Management - The company has detailed potential risks in the report, urging investors to be aware of investment risks [5]. - The company faces macroeconomic risks, including potential declines in international trade and economic growth, which could adversely affect the logistics industry [95]. - To mitigate competition risks, the company will enhance its industry solution capabilities and focus on differentiated services, aiming to build a robust product and operational system [96]. - Operational risks are addressed by strengthening headquarters control and establishing a comprehensive process framework to minimize losses from operational failures [98]. Corporate Governance - The board confirmed that the financial report for the first half of 2020 is true, accurate, and complete, with no significant omissions [3]. - The company has adopted the corporate governance code and complies with all relevant governance requirements during the reporting period [148]. - The audit committee, composed entirely of independent non-executive directors, oversees the financial reporting and internal control systems [153]. Community and Social Responsibility - The company donated 12 million RMB for poverty alleviation efforts, with actual expenditures reaching 39.863 million RMB by June 30, 2020, and initiated 8 poverty alleviation projects [134]. - The company supported the establishment of 16 rural kindergarten classes and opened 5 new classes in 2020 to enhance preschool education coverage [135]. - The company is committed to sustainable poverty alleviation by addressing education and healthcare shortages in impoverished areas [134]. - The company aims to enhance long-term development through industrial and consumption poverty alleviation initiatives, focusing on brand building and agricultural industry revolution in deeply impoverished areas [144]. Operational Highlights - The company organized 348 international charter flights and 670 international trains, delivering a total of 20,600 tons of anti-epidemic materials to over 70 countries and regions [51]. - The international train service saw a cumulative operation of 670 trains, a year-on-year increase of 41.6% [52]. - The air freight agency covers nearly 50 countries and regions, with 28 standardized air freight products launched, enhancing visibility and standardization in supply chain logistics [36]. - The company has a strong project experience with logistics operations in approximately 100 countries and regions globally [32]. Financial Position - The total liabilities due within one year increased by 120.82% to approximately 7.218 billion RMB, reflecting the reclassification of certain long-term debts [85]. - The asset-liability ratio as of June 30, 2020, was 52.22%, up from 51.12% at the end of 2019 [106]. - The total amount of guarantees provided by the company reached 5,485,516,253.48 RMB, accounting for 17.91% of the company's total assets [133]. - The company reported a maximum deposit balance of RMB 3.857 billion with the financial company, which is below the cap of RMB 5 billion for 2019 and 2020 [125].

SINOTRANS 中國外運股份有限公司 SINOTRANS LIMITED 股票代碼 : H 股 0598 Ａ 股 601598 2019 年度報告 成 就 客 戶 創 造 價 值 SINOTRANS 重要提示 | 二零一九年年報 1 重要提示 一. 本公司董事會、監事會及董事、監事、高級管理人員保證年度報告內容的真實、準確、完整，不存在虛假記 載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二. 公司全體董事出席董事會會議。 三. 信永中和會計師事務所（特殊普通合夥）為本公司出具了標準無保留意見的審計報告。 四. 公司負責人李關鵬、主管會計工作負責人及會計機構負責人（會計主管人員）王久雲聲明：保證年度報告中財 務報告的真實、準確、完整。 五. 經董事會審議的報告期利潤分配預案或公積金轉增股本預案 經信永中和會計師事務所（特殊普通合夥）審計，2019年年初母公司未分配利潤為1,897,219,983.43元人民幣，加上 2019年母公司實現的淨利潤872,007,124.80元人民幣，扣除2019年支付的2018年度現金分紅962,104,503.75元人民 幣，扣除2019年提取盈餘公積87,20 ...

中期報告 2019 a province in the language of the state of the state of the state of the state of the state of the state of the state of the station of the state of the state of the state INOTRANS ...... 成就客戶 創造價值 中國外運股份有限公司 SINOTRANS LIMITED 股份代號： 00598 香港 601598 上海 重要提示 2019年中期報告 1 一、 本公司董事會、監事會及董事、監事、高級管理人員保證半年度報告內容的真實、準確、完整，不存在虛 假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二、 未出席董事情況 未出席董事職務 未出席董事姓名 未出席董事的原因說明 被委託人姓名 董事 粟健 其他工作安排 熊賢良 獨立董事 宋海清 其他工作安排 李倩 三、 本半年度報告未經審計。 四、 公司負責人李關鵬、主管會計工作負責人王久雲及會計機構負責人（會計主管人員）李曉艷聲明：保證半年 度報告中財務 ...

| --- | --- | --- | --- | --- | --- | |-------|----------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | OTRANS | | | | | | | | | | | | | | 中國外運股份有限公司 SINOTRANS LIMITED | | | | | 股份代號： 00598 香港 601598 上海 成就客戶 創造價值 2018 年度報告 (立)(深 (愛) ( (9) OU 560015 未出席董事職務 未出席董事姓名 未出席董事的原因說明 被委託人姓名 董事 宋德星 其他工作安排 許克威 重要提示 二零一八年年報 1 重要提示 一、 本公司董事會、監事會及董事、監事、高級管理人員保證年度報告內容的真實、準確、完整，不存在虛假記 載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二、 未出席董事情況 三、 信永中和會計師 ...