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。 - 1 - 會議內容：本公司 2025 年第一季度業績說明會（「說明會」） 會議時間：2025 年 6 月 3 日 13:00-14:00 會議召開方式：網絡文字互動 會議網址：上證路演中心（https://roadshow.sseinfo.com） 投資者可于 2025 年 5 月 29 日 上 午 11:00 前登錄上證路演中心 （https://roadshow.sseinfo.com）首頁點擊「提問預徵集」欄目進行提問或將相關問題通 過電子郵件的形式發送至本公司投資者關係郵箱（ir@sinotrans.com）。本公司將在說明 會上對投資者普遍關注的問題進行回答。 一、說明會召開方式 說明會通過網絡文字互動方式召開，本公司將針對 2025 年第一季度業績和經營情況與投資 者進行交流，並在信息披露允許的範圍內對投資者普遍關注的問題進行回答。 中國外運股份有限公司 Sinotrans Limited ( 於 ...

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 ) 内 部编号 : 2025050049 中国外运股份有限公司 及其发行的公开发行债券 (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及其發行的公開發行債券定期跟蹤評級報告》，僅供參 閱。 承董事會命 中國外運股份有限公司 公司秘書 李世礎 北京，二零二五年五月二十三日 於本公告日期，本公司董事會成員包括張翼（董事長）、宋嶸、楊國峰、羅立、余志良、 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。 定期跟踪评级报告 项目负责人:林 赞婧 At 120x57 ly j@shxs j.com 龙和文 jinweiwen ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In Q1 2025, the company's operating revenue was 23.77 billion yuan, a year-on-year decrease of 2.2%, while the net profit attributable to shareholders was 640 million yuan, down 19.8% year-on-year. The main business operations remained stable, with a decline in investment income impacting overall performance [2][6] - The company experienced a 36.1% year-on-year decline in net investment income to 310 million yuan, primarily due to pressure on the performance of its subsidiary, Sinotrans DHL [2][6] - The report highlights the impact of U.S. tariff policies and the cancellation of small package exemptions, which are expected to affect air and sea freight demand on European and American routes. Close attention is needed on the subsequent tariff policies affecting the company's agency business and its subsidiary [2][6] Summary by Sections Financial Performance - In Q1 2025, the company's gross profit increased by 10.3% year-on-year to 1.38 billion yuan, with a gross margin improvement of 0.7 percentage points to 5.8%. The operating expenses ratio decreased by 0.2 percentage points to 4.1% [2][11] - The company's logistics volume showed mixed results, with contract logistics down 2.0% year-on-year, while project logistics and chemical logistics increased by 21.6% and 13.9%, respectively [11] Market Outlook - The company is actively expanding into emerging markets in Southeast Asia to mitigate the impact of tariff shocks. Strategic overseas network development is underway, with the completion of the second phase of the warehouse in Thailand [2][11] - The projected net profit attributable to shareholders for 2025, 2026, and 2027 is estimated at 3.56 billion, 3.73 billion, and 4.05 billion yuan, respectively, with corresponding P/E ratios of 10.2, 9.8, and 9.0 times [2][11]

今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | PEEK材料 | 3.40 | 赛马概念 | -1.41 | | 可控核聚变 | 2.76 | 自由贸易港 | -1.12 | | 草甘膦 | 2.72 | 养鸡 | -1.06 | | 华为汽车 | 2.18 | 航运概念 | -1.00 | | 一体化压铸 | 2.15 | 期货概念 | -0.83 | | 小米汽车 | 2.14 | 猪肉 | -0.83 | | 长安汽车概念 | 1.98 | 同花顺中特估100 | -0.71 | | 培育钻石 | 1.93 | 信托概念 | -0.70 | | 有机硅概念 | 1.92 | 粮食概念 | -0.69 | | 汽车热管理 | 1.82 | 白酒概念 | -0.68 | 资金面上看，今日自由贸易港概念板块获主力资金净流出2.50亿元，其中，18股获主力资金净流出，11 股主力资金净流出超千万元，净流出资金居首的是中国外运，今日主力资金净流出8097.88万元，净流 出资金居前的还有锦江航运、华贸物流、中远海 ...

Core Insights - The container leasing industry is a crucial pillar in the logistics sector, providing leasing services for various transportation modes including maritime, land, and air [1][14] - The industry has evolved from initial exploration to a mature market since the rise of containerized transport in the 1960s, experiencing rapid growth due to globalization and increased cross-border trade [1][14] - China, as the largest producer and consumer of containers, is witnessing a continuous increase in the market size of the container leasing industry, projected to reach approximately 30 billion yuan in 2024, reflecting an 8.3% year-on-year growth [1][14] Industry Overview - Container leasing involves agreements between leasing companies and lessees, typically shipping lines or transport companies, for the rental of containers, with responsibilities for maintenance and repair resting on the lessee [3] - The leasing methods can be categorized into three types: time charter, voyage charter, and flexible leasing [3] Market Dynamics - The Chinese container leasing market is expected to continue expanding, particularly driven by the rapid development of emerging markets [1][14] - Government policies have been introduced to promote the development of the container leasing market, including initiatives to encourage collaboration between rail and shipping companies and the establishment of container return points [5][12] Industry Chain - The container leasing industry chain consists of upstream raw material suppliers and container manufacturers, midstream leasing companies, and downstream users including maritime, rail, road, and air transport [8] Current Development - In 2024, China's metal container production is projected to reach 29.8956 million cubic meters, a 177% year-on-year increase, with continued growth expected into 2025 [10] - Container throughput in China is also on the rise, increasing from 26.4 million TEUs in 2020 to an estimated 33.2 million TEUs in 2024, indicating strong demand for container leasing services [12] Competitive Landscape - The industry exhibits a high degree of market concentration, with the top five companies controlling 84.8% of the total container fleet, and the top ten companies holding 92.7% [16] - Major players include China COSCO Shipping Corporation, China International Marine Containers, Bohai Leasing, and China Foreign Trade Development Company [16][18] Future Trends - The container leasing industry is expected to benefit from the rapid development of emerging markets in Asia and Africa, technological innovations, and supportive government policies [22]

Core Viewpoint - The opening of the international road transport route from China to Hanoi, Vietnam, marks a significant advancement in cross-border transportation facilitation between China and Vietnam, utilizing the CBTA agreement for the first time [1][3]. Group 1: Transport Route Details - The new transport routes include two lines: from Nanning, Guangxi, and from Kunming, Yunnan to Hanoi, Vietnam [3]. - A total of 12 trucks were dispatched, with 6 originating from Qingdao, and the journey covers approximately 400 kilometers, expected to take 2 days [3][5]. - The transport process is supported by representatives from transportation, customs, and border defense departments from both countries, ensuring smooth operations and safety [3][5]. Group 2: Efficiency and Cost Savings - The new direct transport method allows for "door-to-door" delivery, significantly reducing transit time by about 1 day per truck and saving costs between 800 to 1000 yuan [5]. - The initiative aims to enhance the efficiency of cross-border transport and reduce overall transportation costs [5]. Group 3: Future Developments - Following the opening activities, both sides will evaluate the transport conditions and risks, aiming to address issues affecting transportation facilitation [5]. - The Qingdao Transportation Bureau plans to further support and cultivate international road transport, enhancing logistics channels to facilitate more businesses in expanding internationally [7].

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） 二零二五年第一次H股類別股東大會出席預約書 股東姓名 （附註1） ： ： 股H股 本人╱吾等擬出席，或授權委任代表出席中國外運股份有限公司（「本公司」）於二零二五年 六月五日上午十一時正或緊隨同日同地舉行的股東週年大會或其任何續會結束後假座中華人 民共和國北京朝陽區安定路5號院10號樓招商局廣場B座11層1號會議室（郵編100029）舉行的 二零二五年第一次H股類別股東大會。 簽署： 日期：二零二五年 附註： 持股數目 （附註2） 1. 請用正楷填上登記在本公司股東名冊上的姓名。 2. 請填上以 閣下名義登記的本公司股份數目。 3. H股股東須將填妥及簽署後的預約書於二零二五年六月三日或之前親身、以郵寄或傳真方式送往本公司H股 股份過戶登記處香港中央證券登記有限公司，地址為香港灣仔皇后大道東183號合和中心17M樓。 ...

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） 二零二五年第一次H股類別股東大會通告 茲通告中國外運股份有限公司（「本公司」）謹訂於二零二五年六月五日上午十一時正或緊隨同日 同地舉行的股東週年大會或其任何續會結束後假座中華人民共和國北京朝陽區安定路5號院10 號樓招商局廣場B座11層1號會議室（郵編100029）舉行二零二五年第一次H股類別股東大會（「H 股類別股東大會」），藉以考慮及酌情通過（無論有否作出修訂）以下決議案： 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通告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，且表明不會就本通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 公司秘書 李世礎 中國，北京 二零二五年五月十五日 特別決議案 – 1 – 1. 「動議： (a) 在(i)符合下文1(b)段及遵守中華人民共和國所有適用法律及法規規定、上市規則及 任何其他適用法律及法規規定的前提下，以及(ii)待本公司股東在股東週年大會通 過特別決議案及A股持有人在A股 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的持牌證券交易商、銀行經理、 律師、專業會計師或其他專業顧問。 閣下如已將 閣下的中國外運股份有限公司股份全部售出或轉讓，應立即將本通函送交買主或承讓 人，或經手買賣或轉讓的銀行、股票經紀或其他代理人，以便轉交買主或承讓人。 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通函的內容概不負責，對其準確性或完整 性亦不發表任何聲明，且表明不會就本通函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） 二零二四年股東週年大會及 二零二五年第一次H股類別股東大會 董事會函件載於本通函第4至第19頁。 謹定於二零二五年六月五日上午十時正假座中華人民共和國北京朝陽區安定路5號院10號樓招商局廣 場B座11層1號會議室（郵編100029）舉行的股東週年大會通告、出席預約書及適用的代表委任表格已於 本公司網站以及香港聯交所網站登載。 謹定於二零二五年六月五日上午十一時正或緊隨同日同地舉行的股東 ...

Meeting Information - The annual general meeting of China National Freight Forwarding Co., Ltd. is scheduled for June 5, 2025, at 10:00 AM [1] - The meeting will be held at the conference room on the 11th floor of Building B, No. 10, An Ding Road, Chaoyang District, Beijing [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's voting system [1] Voting Procedures - Shareholders can vote via the Shanghai Stock Exchange's online voting system from 9:15 AM to 3:00 PM on the day of the meeting [1][2] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts for the same class of shares [3] - Votes cast through different methods for the same voting right will be counted based on the first vote recorded [3] Attendance Requirements - Shareholders registered by the close of trading on May 30, 2025, are eligible to attend the meeting [4] - Shareholders must submit a notice of attendance by June 3, 2025, and can do so in person, by mail, or by fax [4][5] - Required documents for attendance include valid identification and proof of shareholding [5] Additional Information - The company will not cover travel and accommodation expenses for attending shareholders [5] - Contact information for the company's board office is provided for any inquiries related to the meeting [5]