截至月份: 2025年11月30日 狀態: 新提交 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 致：香港交易及結算所有限公司 公司名稱: 圓通國際快遞供應鏈科技有限公司 （於開曼群島註冊成立的有限公司） 呈交日期: 2025年12月3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) | 06123 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | ...

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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 06123 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 420,190,000 | | | 0 | | 420,190,000 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | 420,190,000 | | | 0 | | 420,190,000 | 公司名稱: 圓通國際快遞供應鏈科技有限公司 （於開曼群島註冊成立的有限公司） 呈交日期: 2025年11月4日 I. 法定 ...

Group 1 - The overall market environment shows signs of improvement, with expectations for a recovery following last week's decline [2] - The technology sector is experiencing significant activity, with the upcoming IPO of Mu Xi Integrated Circuit Co., Ltd. on the Sci-Tech Innovation Board [2] - Domestic retail sales for Chow Tai Fook increased by 4.1% year-on-year in Q3, with a notable recovery in same-store sales in mainland China [3][4] Group 2 - Chow Tai Fook's online retail performance was strong, with a year-on-year increase of 28.1% in Q3 [4] - The company plans to maintain a pricing strategy for gold products, aiming for a 20%-25% share of total sales [5] - The express delivery industry is seeing improved operating conditions, with significant increases in single-ticket revenue for major companies in September [6][7] Group 3 - The express delivery sector is transitioning from price wars to orderly competition, with price increases expected to enhance profitability [8] - SF Express maintained high growth in volume, while other companies like Yunda and Zhongtong are also benefiting from price adjustments [8] - The Hang Seng Index is showing potential for a rebound, supported by ongoing US-China trade negotiations and expectations of interest rate cuts [9]

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 公司名稱: 圓通國際快遞供應鏈科技有限公司 （於開曼群島註冊成立的有限公司） 呈交日期: 2025年10月3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) | 06123 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,000 截至月份: 2025年 ...

Core Insights - The report from Morgan Stanley highlights how China's "anti-involution" movement is reshaping the logistics industry, with regulatory measures and rising local prices leading to moderate growth in package volumes and a narrowing decline in average selling prices (ASP) [1] Industry Overview - The express delivery industry in China saw a revenue increase of 4% year-on-year, reaching 119 billion RMB, while the average selling price decreased by 7%, indicating ongoing challenges in regaining pricing power amid competitive pressures [1] - The "anti-involution" measures have shown initial effectiveness for companies like YTO Express (06123) and Shentong Express in the A-share market, with an upward trend in average selling prices despite changes in market share [1] Market Dynamics - The industry is experiencing further consolidation, exemplified by Shentong Express's recent acquisition of Daniao Logistics, reflecting a strategic shift towards high-end express services and the advancement of supply-side reforms [1] - The e-commerce sector remains resilient, with online retail sales and physical store GMV exceeding levels from the first half of 2025. However, there is a noticeable divergence within the industry, as home appliances and communication equipment see a slowdown, while food and apparel categories are experiencing renewed growth, indicating a gradual easing of competition in the fast-moving consumer goods sector [1] - SF Express (06936) continues to stand out with growth in package volumes and an increase in market share [1]

YTO INTERNATIONAL EXPRESS AND SUPPLY CHAIN TECHNOLOGY LIMITED 圓通國際快遞供應鏈科技有限公司 For and on behalf of YTO International Express and Supply Chain Technology Limited 圓通國際快遞供應鏈科技有限公司 Yu Huijiao Chairman NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1) , 22 September 2025 YTO International Express and Supply Chain Technology Limited (the "Company") - Notice of publication of Interim Report 2025 (the "Current Corporate Communication") (incorporated in the Cayman Islands with limited liability) （於 ...

YTO INTERNATIONAL EXPRESS AND SUPPLY CHAIN TECHNOLOGY LIMITED 圓通國際快遞供應鏈科技有限公司 (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：6123） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, 22 September 2025 YTO International Express and Supply Chain Technology Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now avail ...

Financial Performance - The Group recorded revenue of approximately HK$1,414.4 million for the six months ended June 30, 2025, a decrease of about 52.5% compared to HK$2,975.1 million in 1H2024[17] - Gross profit for the Reporting Period was about HK$88.7 million, down 49.0% from HK$174.1 million in 1H2024, with a gross profit margin of approximately 6.3%[17] - The net loss attributable to equity shareholders was approximately HK$60.4 million, representing a 43.4% increase in loss compared to HK$42.1 million in 1H2024[17] - The increase in net loss attributable to equity shareholders was approximately 43.4%, amounting to about HK$60.4 million for the reporting period[21] - Loss before taxation increased to HK$70,807,000, compared to a loss of HK$40,025,000 in the previous year, representing a 76.9% increase in losses[128] - Basic and diluted loss per share for the period was HK$14.46, compared to HK$10.08 in the same period last year, reflecting a 43.6% increase in loss per share[128] - The company reported a loss for the period of HK$60,436,000, compared to a loss of HK$42,145,000 in the previous period[138] Revenue Breakdown - The air freight forwarding business generated revenue of about HK$849.6 million, down 53.5% from HK$1,827.1 million in the corresponding period of 2024[26] - Ocean freight revenue decreased by about 29.3% to approximately HK$268.6 million, contributing about 19.0% to the Group's total revenue[27] - International express and parcel services revenue fell by 67.7% to about HK$220.3 million, accounting for approximately 15.6% of total revenue[32] - The Group delivered approximately 11.1 million parcels under international express and parcel services, a decrease from about 34.8 million units in the first half of 2024[32] - Logistics services revenue was about HK$38.5 million, with a gross profit of approximately HK$6.2 million, reflecting an increase in gross profit compared to HK$4.6 million in the first half of 2024[33] - Revenue from the People's Republic of China (PRC) was HK$1,021,139,000, a significant decrease of 59.8% from HK$2,537,287,000 in 2024[166] Strategic Initiatives - The Group strategically scaled down low-margin businesses to focus on core operations, impacting overall revenue and gross profit[18] - The Company is enhancing its international development strategy by building global express hub facilities and promoting the application of cutting-edge technologies like artificial intelligence[18] - The Company is expanding its full-chain express and courier services, particularly in emerging markets and regions such as the Middle East and Central Asia[14] - The company plans to build a "1+7" global express hub facility and operation network to enhance control over logistics infrastructure and resources[62] - The company aims to actively expand its international network through self-construction and strategic cooperations, enhancing its global market presence[63] - The company recognizes the surge in cross-border logistics demand due to the upgrading of cross-border consumption, presenting new opportunities for value-added services[70] Technological Investment - The Group continued to invest in technological research and development to strengthen its core competitiveness and drive innovation[18] - The company emphasizes technology-driven innovation, focusing on the integration of AI and big data into business operations to drive industrial upgrades[66] - The company will increase investment in R&D to transform into a technology-intensive enterprise, improving management and customer communication efficiency[67] Employee and Talent Management - As of June 30, 2025, the Group employed approximately 1,016 employees, a decrease from about 1,119 employees as of December 31, 2024[77] - Employee costs during the Reporting Period amounted to approximately HK$128.32 million, slightly down from HK$130.80 million in the first half of 2024[77] - The Company is focused on recruiting and training international talents to support global business expansion and strategic implementation[76] Shareholder Information - The Company has not declared an interim dividend for the Reporting Period, consistent with the previous year[82] - As of June 30, 2025, Mr. Yu Huijiao holds a long position of 1,098,506,713 shares in YTO Express, representing 31.87% of the registered capital[87] - Mr. Yu also has beneficial ownership of 100,673,929 shares in YTO Express, accounting for 2.92% of the total shares[87] - The shareholding of Mr. Yu's spouse, Ms. Zhang Xiaojuan, in YTO Express is 74,027,054 shares, which is 2.15% of the total shares[87] Corporate Governance - The Company has complied with the Corporate Governance Code throughout the Reporting Period[107] - The audit committee, comprising one non-executive director and two independent non-executive directors, reviewed the unaudited consolidated financial statements with no disagreements[112] - All directors confirmed compliance with the Model Code for securities transactions throughout the Reporting Period[108] Cash Flow and Liquidity - Operating cash inflow for the reporting period was about HK$138.6 million, a significant improvement from an operating cash outflow of about HK$93.5 million in the first half of 2024[39] - Cash generated from operations for the six months ended June 30, 2025, was HK$145,829,000, compared to a cash used in operations of HK$87,025,000 in the same period of 2024, representing a significant turnaround[141] - Net cash generated from operating activities was HK$138,565,000, a recovery from a net cash used of HK$93,549,000 in the prior year[141] Current Assets and Liabilities - Current assets decreased to HK$1,457,310,000 from HK$1,661,097,000, reflecting a decline of approximately 12.3%[133] - Trade receivables significantly dropped to HK$488,658,000 from HK$734,159,000, a decrease of about 33.5%[133] - Net current assets stood at HK$1,062,303,000, down from HK$1,149,466,000, indicating a reduction of approximately 7.6%[134] Impairment and Losses - A one-time impairment loss of approximately HK$22.8 million was recorded for investments in joint ventures during the reporting period[23] - The Group recognized an impairment allowance of HK$311,000 during the six months ended June 30, 2025, compared to HK$1,405,000 for the same period in 2024[199]

Core Viewpoint - YTO International Express Supply Chain Technology Co., Ltd. has made significant progress in its global hub facility and operational network by acquiring land in Kazakhstan for its Central Asia headquarters and logistics infrastructure, enhancing its influence in the region and promoting high-quality connectivity between China and Central Asia [1][2]. Group 1 - The acquisition of land in Almaty, Kazakhstan, is part of YTO International's "1+7" global hub strategy, aimed at establishing a logistics manufacturing and e-commerce collaborative industrial park in Central Asia [1]. - The new logistics hub will integrate cross-border logistics, warehousing, customs clearance, and other services, providing efficient cargo handling and distribution for Central Asian countries, the EU, and the Eurasian Economic Union [1]. - This project marks YTO International's first smart logistics hub in Central Asia, facilitating the development of a modern logistics network between Asia and Europe [1]. Group 2 - The investment represents a key step in deepening cooperation between YTO International and Kazakhstan, aimed at upgrading the global logistics network and sharing resources effectively [2]. - YTO International has also formed a strategic cooperation with Xinjiang Commercial Logistics Group to integrate resources for overseas industrial parks, e-commerce parks, and logistics hubs, supporting Chinese enterprises in their international expansion [2]. - The company plans to continue focusing on international development strategies and expanding into emerging markets, aiming to build a global logistics network that connects China with the world [2].

Core Viewpoint - YTO Express International (6123.HK) has signed a preliminary agreement to acquire land in Kazakhstan for a total consideration of $6.1315 million, aiming to enhance its logistics capabilities and global service network [1] Group 1: Acquisition Details - The company is acquiring land located on the south side of the Khorgos-Almaty highway in Baiserke village, Almaty region, with an area of 442,000 square meters [1] - The intended use of the land includes the construction of bonded and non-bonded warehouses, bonded and non-bonded yards, joint venture logistics warehouses, and supporting facilities [1] Group 2: Strategic Implications - The acquisition is expected to leverage the location and resource advantages of the land to establish logistics hub nodes in key regions and markets [1] - The company aims to increase investment in logistics core infrastructure, creating synergies in warehousing, delivery, and logistics capabilities [1] - The initiative is part of a broader strategy to optimize the cross-border logistics product matrix and extend the cross-border logistics service chain, focusing on the development of international express, air freight, and supply chain businesses [1] - This move is intended to enhance the company's global comprehensive service capabilities and steadily build a global logistics network that connects China with the world and the world with the world [1]