证券代码：601598 证券简称：中国外运 公告编号：临 2025-051 号 中国外运股份有限公司 关于下属公司出售路凯国际控股有限公司 25% 股权暨签署协议的公告 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： 2025 年 6 月 26 日，中国外运股份有限公司（以下简称"公司""本公 司"或"中国外运"）下属全资子公司招商局船务企业有限公司（以 下简称"招商船企"）、CITIC Capital Maneuver Holdings Limited（以 下简称"CITIC Capital Maneuver"）、FV Pallet Leasing Holding Ltd（以 下简称"FV Pallet"）、买方 MIC Industrial Investments 4 RSC LTD（以 下简称"MIC"）及路凯国际控股有限公司（以下简称"路凯国际"） 签署《关于路凯国际控股有限公司的股份购买协议》（以下简称"《股 份购买协议》"），约定 MIC 分别受让招商船企持有的路凯国际 25% 股权（以下简称"本次 ...

股票代码：601598 股票简称：中国外运 编号：临 2025-050 号 中国外运股份有限公司 第四届董事会第十四次会议决议公告 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。 中国外运股份有限公司（以下简称"公司"或"本公司"）第四届董事会第 十四次会议通知于 2025 年 6 月 21 日向全体董事发出，本次会议于 2025 年 6 月 26 日在北京以现场结合通讯的方式召开。本次会议由董事长张翼先生主持，应出席 董事 10 人，亲自出席董事 8 人，董事杨国峰先生、许克威先生因其他工作安排， 分别委托董事长张翼先生和董事宁亚平女士代为出席并表决。公司监事及部分高 级管理人员列席了会议。本次会议的通知、召开和表决程序以及会议内容、表决 结果符合《中华人民共和国公司法》及本公司《公司章程》的有关规定。 本次会议审议并表决通过了以下议案： 一、关于出售参股公司部分股权的议案 经审议，董事会一致同意该议案。具体内容如下： （二）同意授权招商船企签署《股份购买协议》、《股东协议》及与本次交 易相关的文件，同意授权公司董事长签署其 ...

Core Viewpoint - China National Foreign Trade Transportation Group (China Foreign Trade) announced the sale of a 25% stake in LuKai International for approximately 3.38 billion yuan, expecting an investment gain of about 1.793 billion yuan from the transaction [1] Group 1 - The transaction involves the sale of 25% equity held by China Foreign Trade's wholly-owned subsidiary, China Merchants Shipbuilding, along with smaller stakes from CITIC Capital Maneuver and FV Pallet [1] - The total consideration for the sale is approximately 47.216 million USD, equivalent to about 3.38 billion yuan [1] - Post-transaction, China Merchants Shipbuilding will hold a 20% stake in LuKai International, while MIC will hold 30%, and CITIC Capital Maneuver and FV Pallet will hold 30% and 20% respectively [1] Group 2 - The expected investment gain from this transaction, after deducting related transaction costs, is approximately 1.793 billion yuan, excluding tax implications [1] - The transaction is subject to approval from the State-owned Assets Supervision and Administration Commission (SASAC) and other regulatory bodies, including antitrust reviews [1]

Group 1 - The first central enterprise warehousing and logistics infrastructure REIT, "Bank of China China Foreign Transport Warehousing Logistics REIT," completed its public offering ahead of schedule due to oversubscription, achieving its fundraising goal in just one day [1][3] - As of June 23, the effective subscription scale for the public investors exceeded the initial fundraising cap, with a total of 400 million shares available at a subscription price of 3.277 yuan per share, aiming to raise 1.3108 billion yuan [3] - The REIT's investment targets include six warehousing and logistics infrastructures located in key logistics nodes such as the Yangtze River Delta and Beijing-Tianjin-Hebei regions, covering the Yangtze River Economic Belt and the coordinated development area of Beijing-Tianjin-Hebei [3] Group 2 - The public REIT market has been thriving this year, with notable instances of rapid sales, including the CICC Yizhuang Industrial Park REIT selling out in one day with a subscription multiple of 265.76 times, setting a record [3] - The strategic placement accounted for 280 million shares, while offline sales totaled 84 million shares, and public sales reached 36 million shares [3] - A total of 109 offline investors managed 575 eligible allocation objects, intending to subscribe for 21.094 billion shares, which is 251.12 times the initial offering amount [3]

Core Viewpoint - The rapid development of public REITs in China since the approval of the first batch in 2021 is highlighted, with the launch of the China Foreign Transport REIT as a significant step in revitalizing existing assets and promoting high-quality economic development [1][3]. Group 1: REIT Launch and Market Context - The China Foreign Transport Warehousing Logistics REIT officially opened for fundraising from June 23 to June 24, with a final pricing of 3.277 yuan per share, aiming to raise approximately 1.3108 billion yuan [1]. - The REIT will invest in six warehousing logistics infrastructure assets located in key logistics nodes in the Yangtze River Delta, Beijing-Tianjin-Hebei, and Sichuan-Chongqing regions, which have strong regional logistics demand [2]. - As of June 5, the total market value of public REITs in China reached 2019.91 billion yuan, with a total of 66 REITs, indicating significant growth since the first batch was approved [3]. Group 2: Asset Characteristics and Management - The six initial assets of the China Foreign Transport REIT have a total building area of 305,400 square meters, with a leasing area of 299,700 square meters and an occupancy rate of 95.59% [2]. - The assets are primarily leased by subsidiaries of China Foreign Transport, with stable long-term leases extended until 2032 and 2033, ensuring consistent operational stability [2]. - The REIT is initiated by China Foreign Transport Co., Ltd., managed by Bank of China Investment Management, and operated by a subsidiary of Bank of China Asset Management [2]. Group 3: Industry Outlook and Regulatory Support - The rapid growth of public REITs is supported by regulatory measures and a focus on enhancing the service capabilities for the real economy, indicating a positive outlook for future developments in the REIT market [4]. - The diversification of asset types within the public REITs market provides investors with various options while injecting new vitality into the development of the real economy [3].

自2021年首批公募REITs获批以来，公募REITs发展迅猛。首 单央企仓储物流基础设施REITs——中银中外运仓储物流封闭 式基础设施证券投资基金（简称中银中外运仓储物流REIT， 基金代码：508090）正式开启募集，募集期为6月23日至6 月24日。 作者： 墨川 封图：图片资料室 近年来，国家对仓储物流基础设施建设的重视程度不断加强， 同时 各地不断大力提振消费、多渠 道促进居民增收 ， 在此背景下仓储物流租赁市场有望迎来需求修复。 基金发售公告显示，中银中外运仓储物流 REIT 询价工作已于 6 月 1 6 日完成， 最终定价 3.277 元 / 份，将通过战略配售、网下发售、公众发售相结合的方式进行发售。按照认购价格 3.277 元 / 份和 4 亿份的发售份额计算，若发售成功，预计募集资金总额为 13.108 亿元（不 含认购费用和认购资金在募集期产生的利息）。 中银中外运仓储物流 REIT 首次发行拟投资的 基础设施资产共 6 处 ，均为仓储物流类基础设施 项目 。从区位来看，产品首发资产聚焦于长三角、京津冀、川渝地区的重要物流节点，深度嵌入 长江经济带与京津冀协同发展区，区域物流需求强劲， ...

港股物流股震荡上升，顺丰同城(09699.HK)涨超8.5%，顺丰控股(06936.HK)涨近4%，中国外运 (00598.HK)涨1%。 ...

Investment Rating - The report rates the transportation industry as "Outperform" [1] Core Insights - The shipping rates on the Asia-Brazil route have surged by 100% due to a shortage of available vessels and containers, with rates reaching $3,300 per container [2][12] - The global new ship order volume has dropped to a four-year low, with only 439 vessels ordered in the first four months of 2025, a significant decrease from 980 vessels in the same period of 2024 [2][13] - During the Dragon Boat Festival in 2025, civil aviation passenger volume reached 5.63 million, with a total of 101 new international air cargo routes opened in the first five months [2][14] - The express delivery industry saw a 15.4% year-on-year increase in package volume during the Dragon Boat Festival, with a total of 1.511 billion packages collected nationwide [2][21] Summary by Sections 1. Industry Hot Events - The Asia-Brazil shipping rates increased by 100% due to a shortage of vessels and containers, influenced by trade policies and seasonal demand [12] - The civil aviation passenger volume during the Dragon Boat Festival reached 5.63 million, with 101 new international air cargo routes opened [14] - The express delivery industry experienced a 15.4% year-on-year growth in package volume during the Dragon Boat Festival [21] 2. High-Frequency Data Tracking - In May 2025, domestic cargo flight operations decreased by 6.76%, while international flights increased by 26.98% [33] - The shipping price index for domestic trade decreased, while dry bulk freight rates increased [41] - The express delivery business volume in April 2025 rose by 19.10% year-on-year, with revenue increasing by 10.80% [52] 3. Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [4] - Attention to low-altitude economy investment opportunities, recommending CITIC Offshore Helicopter [4] - Investment opportunities in the cruise and ferry sectors, recommending Bohai Ferry and Haixia Co [4] - E-commerce and express delivery investment opportunities, recommending SF Express, Jitu Express, and Yunda [4] - Investment opportunities in the aviation sector, recommending China National Aviation, China Southern Airlines, and Spring Airlines [4]

证券代码：601598 证券简称：中国外运 公告编号：临 2025-049 号 中国外运股份有限公司 关于召开2025年第二次临时股东大会的通知 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： 股东大会召开日期：2025年6月30日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (一) 股东大会类型和届次 2025年第二次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 30 日 14 点 30 分 召开地点：北京市朝阳区安定路 5 号院 10 号楼招商局广场 B 座 11 层 1 号会 议室 (五) 网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 30 日 至2025 年 6 月 30 日 采用上海证券交易所网络投票系统，通过交 ...

2025 年第二次临时股东大会 会议资料 二〇二五年六月三十日 | | | | | | 中国外运股份有限公司 2025 年第二次临时股东大会会议议程 股东大会类型和届次：2025 年第二次临时股东大会 股东大会召集人：公司董事会 投票方式：本次股东大会的表决采用现场投票和网络投票相结合的方式 现场会议召开的日期、时间和地点： 召开的日期时间：2025 年 6 月 30 日 14 点 30 分 召开地点：北京市朝阳区安定路 5 号院 10 号楼招商局广场 B 座 11 层 1 号会议室 股权登记日：2025 年 6 月 24 日 网络投票的系统、起止日期和投票时间： 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 6 月 30 日 至 2025 年 6 月 30 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会 召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台 的投票时间为股东大会召开当日的 9:15-15:00。 出席人员：公司股东或股东授权代理人、董事会成员、监事会成员、董事会秘书 ...