证券代码：601598 证券简称：中国外运 公告编号：临 2025-061 号 中国外运股份有限公司 本公司董事会、全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国外运股份有限公司（以下简称"中国外运"或"公司"）于 2025 年 7 月 31 日召开第四届董事会第十五次会议，审议通过了《关于对外投资暨关联交易的议 案》，同意公司在董事会通过之日起 12 个月内，以自有资金增持安通控股股份有 限公司（以下简称"安通控股"）股份，增持规模不低于 3 亿元（含本数），不高 于 6 亿元（含本数），增持方式包括但不限于协议转让、大宗交易或集中竞价交 易等；并授权公司董事长及其书面授权人士根据上海证券交易所等相关法律法规 的规定确定增持价格等增持相关事宜并签署相关交易文件（如涉及）。具体情况 详见公司于 2025 年 8 月 2 日发布的《第四届董事会第十五次会议决议公告》 （公 告编号：临 2025-057 号）、《关于对外投资暨关联交易的公告》（公告编号：临 上述增持事项原设定的增持价格为不超过 3.20 元/股（含本数）；截至本公告 之日 ...

Group 1 - The company China Ocean Shipping (601598) plans to increase its stake in Antong Holdings (600179) within 12 months starting from July 31, 2025 [1] - The initial buyback price was set at no more than RMB 3.20 per share; as of the announcement date, the company has already acquired 11.546 million shares, representing approximately 0.27% of Antong Holdings' total share capital, with a total investment of about RMB 0.37 billion (excluding taxes) [1] - Due to the current market price of Antong Holdings exceeding RMB 3.20 per share, the company will conduct further buybacks at its discretion, without being bound by the original price limit, as authorized by the board of directors [1]

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，且表明不會就本公告全部或任何部分內容所導 致或因倚賴該等內容而產生的任何損失承擔任何責任。 承董事會命 中國外運股份有限公司 公司秘書 李世礎 （股份代號：00598） 擬增持事項的進展 茲提述本公司日期為二零二五年八月一日的公告（「該公告」），內容有關本公司擬 自二零二五年七月三十一日起十二個月內增持安通控股股份。除文義另有所指外，本 公告所用詞彙與該公告所界定者具有相同涵義。 擬增持事項原設定的增持價格爲不超過人民幣 3.20 元/股（含本數）；截至本公告之日， 本公司已通過集中競價交易方式增持安通控股 11,545,900 股股份，約占安通控股總股 本的 0.27%，已增持金額約為人民幣 0.37 億元（不含稅費）。 鑒于安通控股的股價已經超過人民幣 3.20 元/股，本公司將根據第四届董事會第十五次 會議的授權，由董事長結合市場情况，在法律法規允許的條件下，擇機開展增持交易 （不受原設定增持價格上限的約束）。除上文所述外，擬增持事項的其他事項不變。 本公司股東及潛在投資者於買賣本公司證券時務請 ...

关于对外投资暨关联交易进展的公告 本公司董事会、全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：601598 证券简称：中国外运 公告编号：临 2025-061 号 中国外运股份有限公司 上述增持事项正在推进中，可能存在资本市场情况发生变化或目前尚无法预 判的其他风险因素，存在一定的不确定性，敬请广大投资者注意投资风险。 特此公告。 中国外运股份有限公司董事会 二零二五年八月二十四日 中国外运股份有限公司（以下简称"中国外运"或"公司"）于 2025 年 7 月 31 日召开第四届董事会第十五次会议，审议通过了《关于对外投资暨关联交易的议 案》，同意公司在董事会通过之日起 12 个月内，以自有资金增持安通控股股份有 限公司（以下简称"安通控股"）股份，增持规模不低于 3 亿元（含本数），不高 于 6 亿元（含本数），增持方式包括但不限于协议转让、大宗交易或集中竞价交 易等；并授权公司董事长及其书面授权人士根据上海证券交易所等相关法律法规 的规定确定增持价格等增持相关事宜并签署相关交易文件（如涉及）。具体情况 详见公司于 2025 ...

股票代码：601598 股票简称：中国外运 编号：临 2025-060 号 中国外运股份有限公司 关于召开 2025 年中期业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 一、说明会类型 中国外运股份有限公司（以下简称"公司"）将于 2025 年 8 月 27 日在上海证 券交易所网站披露公司 2025 年半年度报告。为便于广大投资者更全面深入地了解 公司 2025 年上半年经营情况，公司将以电话会议形式召开 2025 年中期业绩说明 会，针对公司的经营业绩及发展战略等事项与投资者进行沟通交流，并在信息披 露规则允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间和方式 会议内容：中国外运股份有限公司 2025 年中期业绩说明会 会议时间：2025 年 8 月 27 日上午 10:00-11:00 会议形式：电话会议 投资者可于 2025 年 8 月 27 日 9:00 前将关注的问题发送至公司投资者关系 邮箱（ir@sinotrans.com），公司将在业绩说明会上就投资者普遍 ...

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，且表明不會就本公告全部或任何部分內容所導致或因倚賴該 等內容而產生的任何損失承擔任何責任。 中國外運股份有限公司 Sinotrans Limited ( 於中華人民共和國註冊成立的股份有限公司 ) (股份代號: 00598) 關於召開 2025 年中期業績說明會的公告 本公告由中國外運股份有限公司（「本公司」）自願作出。本公司董事會及全體董事保證本 公告內容不存在任何虛假記載、誤導性陳述或者重大遺漏，並對其內容的真實性、準確性和 完整性承擔法律責任。 重要內容提示： 一、 說明會類型 本公司將於 2025 年 8 月 26 日在香港聯合交易所有限公司網站刊發本公司截至 2025 年 6 月 30 日止期间之未經審計合併中期業績。為便於廣大投資者更全面深入地瞭解本公司經營情 況，本公司將以電話會議形式召開 2025 年中期業績說明會，對本公司的經營業績及發展戰 - 1 - 會議內容：本公司 2025 年中期業績說明會（「說明會」） 會議時間：2025 年 8 月 27 日上午 10:00 至 11:00 ...

证券之星消息，8月19日物流板块较上一交易日下跌0.06%，嘉诚国际领跌。当日上证指数报收于 3727.29，下跌0.02%。深证成指报收于11821.63，下跌0.12%。物流板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603535 | 嘉诚国际 | 12.23 | -4.00% | 26.03万 | | 3.18亿 | | 002492 | 恒基达整 | 7.33 | -2.27% | 17.41万 | 1.28亿 | | | 001202 | 炬申股份 | 15.42 | -1.91% | 25.32万 | | 4.03亿 | | 002485 | ST雪发 | 3.79 | -1.30% | 2.95万 | 1126.25万 | | | 603056 | 德邦股份 | 16.72 | -1.12% | 20.21万 | | 3.39 Z | | 603713 | 密尔克卫 | 60.70 | -0.98% | 3.40万 | | 2.07亿 | ...

Core Viewpoint - The report from Tianfeng Securities indicates that from 2018 to 2024, China National Freight's operating revenue is expected to grow significantly by 37%, while gross profit is projected to maintain around 5.5 billion yuan, and operating profit is expected to see a moderate increase of 14% [1] Revenue and Profit Growth - The annualized growth rates for agency and related business revenue, gross profit, and operating profit are projected to be 6%, 7%, and 3% respectively [1] - For professional logistics, the annualized growth rates are also 6%, 5%, and 3% respectively, indicating a steady growth trend [1] - The e-commerce business is expected to see revenue and operating profit annualized growth rates of 28% and 5%, respectively, with rapid revenue growth likely linked to the development of cross-border e-commerce [1] Strategic Focus - China National Freight emphasizes a "control over cargo" strategy, enhancing the development of strategic and direct customers, and aims to convert market stock and scattered variables into controllable transport volume and channel increments, which is expected to lead to stable business growth in the future [1] Profit Sources - Nearly half of the company's operating profit comes from investment income, primarily contributed by Sinotrans DHL [1] - The company is also enhancing net profit through equity disposals and the issuance of REITs [1] Profit Forecast Adjustments - Considering the transfer of equity in Luokai International and the issuance of REITs, the forecast for 2025 net profit attributable to shareholders has been raised to 5.2 billion yuan from the previous estimate of 4.7 billion yuan [1] - Due to the downward pressure in the shipping and air freight industries, the forecasts for 2026 and 2027 net profit attributable to shareholders are set at 3.5 billion yuan for both years [1] - The company maintains a "buy" rating [1]

Group 1: Macro Strategy and Market Trends - The report indicates a rebound in social financing, with July's social financing scale increasing by 1.16 trillion yuan, which is 389.3 billion yuan more than the same period last year [21] - The report highlights that the M1 and M2 monetary aggregates have shown a year-on-year increase, indicating a recovery in excess liquidity [21] - The report emphasizes the importance of monitoring the progress of US-China trade agreements and the performance of mid-year earnings reports [21] Group 2: Fixed Income and City Investment Bonds - As of August 12, 2025, the scale of city investment bonds planned for early redemption since 2025 is 55.8 billion yuan, showing a slowdown in the redemption pace compared to previous peaks [22] - The report notes that private placement bonds have a higher proportion of planned face value redemptions (61.23%) compared to public bonds (45.24%) [22][23] - The trend of redeeming bonds at face value has shifted, with issuers now more likely to offer fairer prices such as face value plus compensation [22] Group 3: Yellow Wine Industry - The report suggests that the yellow wine industry is poised for revival, driven by leading brands adopting high-end, national, and youth-oriented strategies [6] - It highlights that the market share of ancient yellow wine brands outside Jiangsu and Zhejiang has increased from 27% in 2018 to 43% in 2024, indicating successful national expansion [6] - The report recommends focusing on two leading yellow wine brands, Kuaijishan and Guyuelongshan, which have made significant progress in high-end and national strategies [6] Group 4: Company-Specific Insights - Industrial Fulian reported a sales revenue of 360.76 billion yuan in the first half of 2025, a year-on-year increase of 35.58% [9] - The company anticipates a net profit of 121.13 billion yuan for the first half of 2025, with a forecasted increase to 500 billion yuan in 2026 [9] - Weixing New Materials reported a revenue of 2.078 billion yuan in the first half of 2025, a year-on-year decline of 11.33%, but maintained a significant cash dividend of 157 million yuan [28][29]

Group 1 - The scale of cross-border e-commerce trade in China has grown over tenfold in the past five years, reaching 2.71 trillion yuan last year, with a year-on-year growth of 14%, accounting for 6.2% of China's total goods trade import and export value [1] - The import scale was approximately 555.25 billion yuan, with a year-on-year increase of 4.1%, while the export scale exceeded 2 trillion yuan, growing by 16.9% to 2.15 trillion yuan, setting a new historical record [1] - Major export destinations include the United States (36.2%), the United Kingdom (11.7%), and Germany (5.7%), with key products being apparel, footwear, jewelry, digital products, home textiles, and household appliances [1] Group 2 - The growth in order volume and market size of cross-border e-commerce directly drives the development of the logistics industry, with service providers including third-party logistics companies and self-built logistics platforms [3] - The main export channels consist of postal small packages, dedicated line logistics, overseas warehousing, and international express delivery [3] - According to the "2025 China Cross-Border E-Commerce Logistics TOP 50" report, four companies have entered the "billion club" based on their 2024 cross-border e-commerce logistics business revenue [3] Group 3 - Zongteng Group ranks first with a revenue of 27.1 billion yuan, with its subsidiary YunTu Logistics leading in direct mail small packages and overseas warehousing [7] - Cainiao International ranks second with a revenue of 25.71 billion yuan, having established a global smart logistics network and handling an average of 5 million cross-border packages daily [5][7] - DExpress ranks third with a revenue of 11.5 billion yuan, providing global express, overseas warehousing, and first-mile services [5][8] Group 4 - China Foreign Transport ranks fourth with a revenue of 10.5 billion yuan, being the largest international freight forwarding company in China [5] - The logistics capabilities of Zongteng Group include over 2.4 million square meters of overseas warehouse space and a daily package processing capacity exceeding 2 million [7] - The report highlights the competitive landscape of the logistics industry, with various companies specializing in different aspects of cross-border logistics services [10]