股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: KLN Logistics Group Limited 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00636 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 6,000,000,000 | HKD | | 0.5 HKD | | 3,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 6,000,000,000 | HKD | | 0.5 HKD | | 3,000,000,000 | 本月底 ...

智通财经APP获悉，星展发布研报称，剔除已终止经营业务后，KLN(00636)2025年上半年核心纯利同 比增长12%至6.81亿元，略高于该行预期。该行指，公司持续寻求增长机遇以应对全球不确定性，维 持"买入"评级，目标价由10.63港元降至9.72港元。 ...

Summary of S.F. Holding and Kerry Logistics Conference Call Company Overview - **Companies Involved**: S.F. Holding (002352.SZ/6936.HK) and Kerry Logistics (0636.HK) Key Points 1. Financial Performance - **2Q25 Revenue**: S.F. Holding reported revenue growth of +11% year-over-year (yoy) to Rmb77.008 billion, in line with expectations [1] - **Net Profit**: Pre-exceptional net profit was Rmb2.577 billion, down -13% compared to guidance, with a gross margin of 13.1%, lower than 14.5% in 2Q24 [1][3] - **EBIT Margin**: EBIT margin was 5.1%, missing the expected 6.0% [3] 2. Market Share and Growth - **Time-Definite Express Growth**: Revenue growth for time-definite express was 7% in 1H25, with overall parcel volume growth accelerating to 19% yoy, increasing market share to 8.2% [2] - **Future Projections**: Expected time-definite express revenue growth of 7% yoy in 2025, with group revenue growth projected at 10% and 9% for 3Q and FY25, respectively [2] 3. Margin Outlook - **Near-Term Margin Pressure**: Short-term gross margin is expected to face pressure due to a flexible pricing strategy, with projections of 13.4% and 13.3% for 3Q25 and FY25, respectively [3] - **Long-Term Margin Improvement**: Confidence in margin improvement in 2026 due to increased volume and revenue base [3] 4. Supply Chain and International Growth - **Revenue Growth**: Supply chain and international revenue grew by 10% yoy in 1H25, despite deceleration due to tariff uncertainties [4] - **Future Growth Expectations**: Anticipated growth of 10% in supply chain and international revenue for 2025, leveraging a large fleet and comprehensive network [9] 5. Shareholder Returns - **Dividend Announcement**: S.F. Holding plans to distribute Rmb2.3 billion as FY25 interim dividends, with a payout ratio of 40% [10] - **Capex Reduction**: Capex decreased by 24% to Rmb4.2 billion in 1H25, with expectations to maintain similar levels in 2025 [10] 6. Employee Shareholding Scheme - **"Grow Together" Scheme**: Launched to enhance organizational vitality, involving grants over a medium-to-long-term period of 9 years, with up to 200 million A shares allocated [11] 7. Investment Ratings - **S.F. Holding**: Maintained a Buy rating with a target price of Rmb57 for A-shares and HK$52 for H-shares, based on 8X and 7X EV/EBITDA multiples, respectively [12][24] - **Kerry Logistics**: Neutral rating with a target price of HK$9.0, citing risks around forwarding rates and geopolitical uncertainties [13] 8. Risks - **Key Risks for S.F. Holding**: Prolonged price competition, macroeconomic dependence on parcel volume growth, and higher capex [12] - **Key Risks for Kerry Logistics**: Weaker-than-expected freight forwarding performance and increased competition in the logistics market [13] Additional Insights - **Operational Efficiency**: The company is focusing on improving service quality while maintaining a flexible pricing strategy to expand market share [3] - **Investment in Capabilities**: Enhanced cross-border multimodal capabilities are expected to support resilience in international growth despite external uncertainties [4]

Core Insights - KLN reported a revenue of HKD 27.211 billion for the six months ending June 30, 2025, representing a year-on-year increase of 7% [1] - The core net profit reached HKD 681 million, up 12% year-on-year, while the profit attributable to shareholders was HKD 648 million, an increase of 9.87% [1] - The company proposed an interim dividend of HKD 0.11 per share [1] Financial Performance - The logistics division of KLN experienced a profit growth of 5% during the first half of 2025 [1] - Despite a challenging business environment in Hong Kong and mainland China due to global trade tensions and changing consumer patterns, the company managed to offset profit declines through growth in other Asian markets and improved cost control measures [1] - The international freight market faced multiple challenges, including trade policy changes, geopolitical tensions, tariff fluctuations, and ongoing crises in the Red Sea [1] Business Strategy - KLN achieved a 22% profit growth in its international freight business, leveraging a diversified product portfolio and trade routes [1] - The company is preparing to comply with new climate disclosure regulations set by the Hong Kong Stock Exchange, aligned with the International Sustainability Standards Board's S2 guidelines [1] - To enhance transparency, KLN is collecting detailed operational data on greenhouse gas emissions and identifying significant environmental impact areas [1] - The company is also exploring alternative fuels, such as sustainable shipping and aviation fuels, to support its net-zero emissions goal [1]

Core Viewpoint - KLN Group reported a revenue of HKD 27.211 billion for the six months ending June 30, 2025, reflecting a year-on-year increase of 7% [1] - The company achieved a core net profit of HKD 681 million, up 12% year-on-year, and proposed an interim dividend of HKD 0.11 per share [1] Financial Performance - Revenue for the first half of 2025 reached HKD 27.211 billion, a 7% increase compared to the previous year [1] - Core net profit was HKD 681 million, representing a 12% year-on-year growth [1] - Shareholders' profit attributable to the company was HKD 648 million, an increase of 9.87% year-on-year [1] - Basic earnings per share stood at HKD 0.36 [1] Business Segments - The integrated logistics business segment saw a profit growth of 5% despite challenges in the Hong Kong and mainland China markets due to global trade tensions and changing consumer patterns [1] - The international freight market faced multiple challenges, including trade policy changes and geopolitical tensions, yet the international freight business achieved a segment profit growth of 22% [1] Sustainability Initiatives - The company is preparing to comply with new climate information disclosure regulations set by the Hong Kong Stock Exchange, aligned with international sustainability standards [1] - KLN is collecting detailed operational data on greenhouse gas emissions to identify significant environmental impact areas [1] - The company is exploring alternative fuels, such as sustainable shipping and aviation fuels, to support its net-zero emissions goal [1]

Core Viewpoint - KLN reported a 7% year-on-year revenue growth to HKD 27.211 billion for the six months ending June 30, 2025, with core net profit increasing by 12% to HKD 681 million [1] Financial Performance - Revenue increased by 7% to HKD 27.211 billion [1] - Core net profit rose by 12% to HKD 681 million [1] - Shareholder profit attributable for the first half of 2025 grew by 34% to HKD 648 million, compared to HKD 485 million in the first half of 2024 [1] - Segment profit from integrated logistics was HKD 713 million, a 5% increase [1] - Segment profit from international freight was HKD 919 million, a 22% increase [1] - Interim dividend of HKD 0.11 per share to be paid around September 23, 2025 [1] Market Conditions - The announcement of increased tariffs by the U.S. from early April to July 2025 led to retaliatory actions from China and the EU, causing order backlogs and disruptions in shipping [1] - KLN managed to withstand market shocks due to its diversified business and customer base, as well as its strong presence in Southeast Asia [1] - The company capitalized on new opportunities arising from global supply chain restructuring and state-owned enterprise expansion strategies [1]

EF001 免責聲明 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | KLN Logistics Group Limited | | 股份代號 | 00636 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月之中期股息 | | 公告日期 | 2025年8月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.11 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.11 HKD | | 匯率 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 （於英屬維爾京群島註冊成立並於百慕達存續之獲豁免有限責任公司） 股份代號 636 截至二零二五年六月三十日止六個月業績 董事會欣然公布，本集團截至二零二五年六月三十日止六個月之未經審核中期業績，連同截 至二零二四年六月三十日止六個月之比較數字。 集團財務摘要 * 僅就持續經營業務而言 1 • 收入按年增長7%至272.11億港元（二零二四年上半年*：254.32億港元）。 • 核心經營溢利增長12%至13.48億港元（二零二四年上半年*：12.00億港元）。 • 核心純利亦按年增長12%至6.81億港元（二零二四年上半年*：6.06億港元）。 • 撇除於二零二四年上半年之分派╱終止本集團快遞業務之一次性收益，股東應佔溢利 於二零二五年上半年增長34%，金額為6.48億港元（二零二四年上半年：4.85億港元）。 • 綜合物流業務錄得分部溢利7.13億港元（二零二四年上半年*：6.81億港元）， 增長5%。 ...

INTERIM RESULTS 2025 KLN Logistics Group Limited 0636.HK The information contained in this presentation comprises extracts of operational data and financial information of the Company. The information is included solely for this presentation and certain information has not been independently verified. No representation or warranty, expressed or implied, is made with respect to, and no reliance should be placed on, any discussion, materials and information provided in and during the presentation (collectivel ...

Core Viewpoint - KLN's stock price increased by over 10% in early trading, reflecting positive market sentiment following the announcement of a new logistics partnership with健乔信元医药 [1] Group 1: Company Developments - KLN announced that its subsidiary, KLN Pharma, has been appointed as the fourth-party logistics service provider for 健乔信元医药 in Hong Kong [1] - The agreement entails KLN Pharma managing the entire supply chain for 健乔信元医药, providing temperature-controlled and timely logistics solutions [1] - The collaboration includes comprehensive logistics services such as inbound logistics, inventory management, order fulfillment, marketing logistics, distribution, and regulatory support for 健乔信元医药's diverse cardiovascular product line [1] Group 2: Brand Evolution - In April of this year, 嘉里物流 officially changed its name to "KLN" as part of a rebranding strategy [1] - The board explained that the name change was initiated after 顺丰控股 completed a partial acquisition offer in 2021, aiming to establish a unique brand image and culture [1] - The company has increasingly adopted the "KLN" brand, reducing the frequency of the "嘉里" name, and believes that "KLN" has become a well-known brand among customers [1]