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 北京，二零二五年十月二十七日 於本公告日期，本公司董事會成員包括張翼（董事長）、高翔、楊國峰、羅立、余志良、 黃傳京、許克威，以及四位獨立非執行董事王小麗、甯亞平、崔新健及崔凡。 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) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列中國外運股份有限公司（『本公司』）於上海證券交易所網站（www.sse.com.cn） 刊登的《北京市嘉源律師事務所關於中國外運股份有限公司股票期權激勵計劃（第一期） 行權價格調整的法律意見書》，僅供參閱。 北京市嘉源律师事务所 关于中国外运股份有限公司 股票期权激励计划(第一期)行权价格调整 的法律意见书 源律师事务所 JIA YUAN LAW OFFICES ...

股票代码：601598 股票简称：中国外运 编号：临 2025-078 号 一、日常关联交易基本情况 中国外运股份有限公司 关于与招商到家汇日常关联交易的公告 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个别及连带责任。 重要内容提示： 本次日常关联交易无需提交股东会审议。 本次日常关联交易在自愿、非独家的基础上向关联方采购办公用品和设备，遵 循公允合理的原则，不会构成对关联人的依赖，不会影响公司的独立性，不存 在损害公司和全体股东特别是中小股东利益的情形。 2023 年，公司与深圳招商到家汇科技有限公司签署原《采购服务协议》（简 称"前次关联交易"），双方约定公司在深圳招商到家汇科技有限公司采购办公 用品及设备的上限金额和实际发生金额如下： 单位：亿元 | | | 预计采购金额 | | 实际发生金额 | | --- | --- | --- | --- | --- | | 2023 | 年度 | 1.200 | | 0.72 | | 2024 | 年度 | 1.440 | | 0.56 | | 2025 | 年度 | 1.728 | ...

中国外运股份有限公司独立董事专门会议 二零二五年度第四次会议决议 中国外运股份有限公司（以下简称"公司"）独立董事专门会议二 零二五年度第四次会议（以下简称"会议"）于 2025 年 10 月 24 日 15:00 以现场结合通讯的方式召开。会议由独立董事宁亚平主持，宁亚平、 王小丽、崔新健、崔凡 4 名独立董事全部出席了会议。公司部分高级 管理人员列席了会议。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《公司章程》的有关规定。 本次会议审议并通过以下决议： 一、关于与招商到家汇持续性关联交易的议案 独立董事认为，本次日常关联交易符合公司发展需要，协议遵循 公开、公允、公正的原则，定价公允合理，不存在损害公司和全体股 东特别是中小股东利益的情形。 经审议，公司独立董事一致决议同意该议案并提交公司董事会审 议。 特此决议，自即日起生效。 独立董事：宁亚平、王小丽、崔新健、崔凡 二零二五年十月二十四日 - 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。 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） 持續關連交易 持續關連交易 茲提述本公司日期為二零二三年五月十八日及二零二三年三月二十七日的公告，內容有關 （其中包括）本公司的持續關連交易。 鑒於本集團分別與外運長江、江蘇船代不時互相提供及接受貨代、船代、倉儲碼頭、公路 運輸、快遞、船舶承運等物流服務，且本集團不時通過線上平台自浙江到家匯採購辦公用 品及設備，為確保符合上市規則，於二零二五年十月二十七日，(i)本公司與外運長江訂立 了外運長江綜合服務協議，據此，本集團可於二零二六年一月一日至二零二八年十二月三 十一日接受外運長江集團提供的物流服務，並向外運長江集團提供物流服務；(ii)本公司 與江蘇船代訂立了江蘇船代綜合服務協議，據此，本集團可於二零二六年一月一日至二零 二七年十二月三十一日接受江蘇船代集團提供的物流服務，並向江蘇船 ...

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 ) 北京，二零二五年十月二十七日 於本公告日期，本公司董事會成員包括張翼（董事長）、高翔、楊國峰、羅立、余志良、 黃傳京、許克威，以及四位獨立非執行董事王小麗、甯亞平、崔新健及崔凡。 股票代码：601598 股票简称：中国外运 编号：临 2025-077 号 中国外运股份有限公司 第四届董事会第十八次会议决议公告 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。 (股份代號: 00598) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列中國外運股份有限公司（『本公司』）於上海證券交易所網站（www.sse.com.cn） 刊登的《中國外運股份有限公司第四屆董事會第十八次會議決議公告》，僅 ...

股票代码：601598 股票简称：中国外运 编号：临 2025-077 号 中国外运股份有限公司 第四届董事会第十八次会议决议公告 经审议，董事会一致同意该报告。 该议案已经公司董事会审计委员会审议通过。具体内容详见公司同日在上海 证券交易所网站（www.sse.com.cn）披露的《2025 年第三季度报告》。 表决票 11 票，赞成票 11 票，反对票 0 票，弃权票 0 票。 二、关于与招商到家汇持续性关联交易的议案 经审议，董事会同意公司与招商到家汇科技（浙江）有限公司签署《采购服 务协议》，包括协议期限、采购上限金额等内容。 本公司董事杨国峰先生、罗立女士、余志良先生和黄传京先生因在实际控制 人招商局集团有限公司任职，已就该议案回避表决。 该议案已经独立董事专门会议审议通过。具体内容详见公司同日在上海证券 交易所网站（www.sse.com.cn）披露的《关于与招商到家汇日常关联交易的公告》。 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。 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 十八次会 ...

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 根據股票期權激勵計劃有關條款，自股票期權授予日起，若在行權前公司發生派息，應對行權 價格進行相應的調整，調整方法如下： - 1 - P=P0-V=3.475-（0.145+0.145）=3.185（人民幣元/股） 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) 調整股票期權激勵計劃行權價格 玆提述中國外運股份有限公司（「本公司」或「公司」）日期為二零二一年十二月三十日之通 函（「該通函」）及日期為二零二一年十一月二十九日、二零二二年一月二十四日、二零二二 年一月二十五日、二零二二年三月二日、二零二二年八月二十五日、二零二三年三月二十七日、 二零二三年十月二十六日、二零二四年八月二十九日及二零二四年十月二十五日之公告（「該 等公告」），內容有關（其中包括）股票期權激勵計劃。除非另有界定，本公告所用詞彙與該 通函及該等公告所界定者 ...

Group 1 - The core point of the article highlights that China National Foreign Trade Transportation Group (China Foreign Trade, SH 601598) reported a decline in its third-quarter performance for 2025, with revenue approximately 75.038 billion yuan, a year-on-year decrease of 12.62% [1] - The net profit attributable to shareholders of the listed company was about 2.679 billion yuan, reflecting a year-on-year decrease of 5.17% [1] - The basic earnings per share stood at 0.3684 yuan, which is a decrease of 5.33% compared to the previous year [1] Group 2 - As of the report, the market capitalization of China Foreign Trade is 45 billion yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 was RMB 24,515,087,883.37, a decrease of 16.91% compared to the same period last year[8]. - The total profit for the period was RMB 993,893,581.80, reflecting a decline of 13.19% year-on-year[8]. - Net profit attributable to shareholders was RMB 732,347,717.52, down 16.79% from the previous year[8]. - The net profit after deducting non-recurring gains and losses was RMB 685,536,530.09, a decrease of 13.46% compared to the same period last year[8]. - The basic earnings per share for Q3 2025 was RMB 0.1007, down 16.90% year-on-year[8]. - Total operating revenue for the first three quarters of 2025 was CNY 75.04 billion, a decrease of 12.6% compared to CNY 85.87 billion in the same period of 2024[26]. - Net profit for the first three quarters of 2025 was CNY 2.91 billion, down 4.1% from CNY 3.04 billion in 2024[27]. - Basic earnings per share for 2025 was CNY 0.3684, compared to CNY 0.3891 in 2024, indicating a decline of 5.5%[27]. - Net profit for the first three quarters of 2025 reached CNY 2,112,563,579.87, compared to CNY 2,518,502,828.00 in the first three quarters of 2024, reflecting a decline of 16.06%[34]. Cash Flow - The cash flow from operating activities for the year-to-date was RMB 582,310,190.23, showing a significant increase of 40.24%[8]. - Cash flow from operating activities generated a net amount of CNY 582.31 million in 2025, an increase of 40.2% from CNY 415.24 million in 2024[30]. - Cash inflow from operating activities for the first three quarters of 2025 was approximately $3.60 billion, compared to $4.06 billion in the same period of 2024, representing a decrease of about 11.4%[36]. - Net cash flow from operating activities was negative at approximately -$375.67 million for the first three quarters of 2025, compared to -$255.96 million in 2024, indicating a worsening cash flow situation[36]. - Cash inflow from investment activities increased to approximately $3.68 billion in 2025 from $4.66 billion in 2024, showing a decline of about 21.1%[36]. - Net cash flow from investment activities was approximately $1.05 billion in 2025, contrasting sharply with a negative cash flow of about -$1.52 billion in 2024[36]. - Cash inflow from financing activities was approximately $2.36 billion in 2025, down from $5.98 billion in 2024, reflecting a decrease of about 60.6%[37]. - Net cash flow from financing activities was negative at approximately -$1.71 billion in 2025, compared to -$473.63 million in 2024, indicating increased financial strain[37]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 81,765,947,044.82, an increase of 5.92% from the end of the previous year[8]. - The company's current assets totaled RMB 40,202,593,834.29, up from RMB 35,634,997,641.75, indicating an increase of about 14.5% year-over-year[22]. - The total liabilities reached RMB 39,262,803,232.26, compared to RMB 35,154,821,919.36 in the previous period, reflecting an increase of approximately 11.9%[23]. - The total equity attributable to shareholders increased to RMB 39,778,730,271.54 from RMB 39,567,594,762.30, a growth of about 0.5%[23]. - The total assets as of September 30, 2025, amounted to CNY 46,500,230,337.20, an increase from CNY 45,890,225,038.10 at the end of 2024[32]. - Total liabilities increased to CNY 19,435,181,859.80 as of September 30, 2025, compared to CNY 18,494,574,084.54 at the end of 2024[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,483[19]. - The largest shareholder, China Foreign Trade Group Corporation, holds 2,525,339,831 shares, accounting for 34.73% of total shares[19]. - The top ten shareholders collectively hold a significant portion of the company’s shares, with the largest three shareholders accounting for over 83% of total shares[19]. Operational Metrics - Contract logistics volume reached 38.24 million tons, up from 37.47 million tons year-on-year, representing a growth of 2.06%[15]. - Sea freight agency volume increased to 11.79 million TEUs, compared to 10.96 million TEUs in the same period last year, reflecting a growth of 7.52%[16]. - Cross-border e-commerce logistics volume decreased to 0.46 billion parcels, down from 1.60 billion parcels year-on-year, a decline of 71.25%[17]. - The company’s air freight channel business volume was 664,000 tons, down from 753,000 tons year-on-year, a decrease of 11.83%[16]. - The logistics e-commerce platform handled 2.917 million TEUs, an increase from 1.877 million TEUs year-on-year, representing a growth of 55.38%[17]. - The railway agency volume was 392,000 TEUs, down from 448,000 TEUs year-on-year, a decline of 12.50%[16]. - The company’s warehouse service volume reached 21.55 million tons, up from 20.16 million tons year-on-year, an increase of 6.89%[16]. Government Subsidies - The company received government subsidies totaling RMB 1.259 billion for the period from January to September 2025, primarily related to its logistics operations[12]. Research and Development - Research and development expenses decreased to CNY 78.26 million in 2025 from CNY 124.34 million in 2024, a reduction of 37.0%[26]. - Research and development expenses for the first three quarters of 2025 were CNY 21,834,683.52, down from CNY 28,206,435.04 in the same period of 2024, a decrease of 22.67%[34]. Investment Income - The company reported an increase in investment income to CNY 1.63 billion in 2025, up from CNY 1.47 billion in 2024, representing an increase of 11.2%[26]. - The company reported investment income of CNY 2,336,630,253.82 for the first three quarters of 2025, compared to CNY 2,828,177,264.63 in the same period of 2024, a decrease of 17.43%[34]. Financial Position - The company's cash and cash equivalents decreased to RMB 12,932,251,478.54 from RMB 13,467,664,505.98, a decline of about 4.0%[22]. - The company's inventory stood at RMB 54,771,976.07, slightly down from RMB 56,259,409.64, a decrease of approximately 2.6%[22]. - The total non-current assets remained stable at RMB 41,563,353,210.53, showing a marginal increase from RMB 41,560,502,496.10[22]. - The company reported a decrease in short-term borrowings to RMB 1,424,248,561.73 from RMB 3,294,191,564.22, a reduction of approximately 56.7%[23]. - The long-term borrowings decreased to RMB 2,576,652,353.70 from RMB 3,268,291,437.12, indicating a decline of about 21.2%[23]. - The company’s short-term borrowings decreased to CNY 350,615,864.26 from CNY 1,981,557,305.56 at the end of 2024, a decline of 82.32%[32]. - The company did not apply new accounting standards or interpretations for the year 2025, indicating continuity in financial reporting practices[38].

人民财讯10月27日电，中国外运（601598）10月27日发布2025年第三季度报告，第三季度营收为245.15 亿元，同比下降16.91%；净利润为7.32亿元，同比下降16.79%。前三季度净利润为26.79亿元，同比下 降5.17%。 ...