证券之星消息，截至2025年10月28日收盘，华贸物流(603128)报收于6.14元，下跌0.81%，换手率 1.17%，成交量15.38万手，成交额9480.6万元。 | 指标 | 华贺物流 | 物流行业均值 | 行业排名 | | --- | --- | --- | --- | | 总市值 | 80.38亿元 | 173.58亿元 | 22 54 | | 净资产 | 1 61.85亿元 | 137.16亿元 | 23 54 | | 净利润 | 3.07亿元 | 5.91亿元 | 21 54 | | 市盈率(动) | 19.65 | -1.12 | 16 54 | | 市净率 | 1.33 | 2.75 | 13 54 | | 毛利率 | 9.36% | 14.32% | 29 54 | | 净利率 | 2.38% | 5.65% | 31 54 | | ROE | 5.04% | 3.45% | 18 54 | 华贸物流2025年三季报显示，公司主营收入137.2亿元，同比下降4.84%；归母净利润3.07亿元，同比下 降35.07%；扣非净利润3.05亿元，同比下降34.9%；其中2025年第三季度，公 ...

格隆汇10月28日丨华贸物流(603128.SH)发布三季报，2025年前三季度实现营业总收入137.2亿元，同比 下降4.84%；归属母公司股东净利润3.07亿元，同比下降35.07%；基本每股收益为0.23元。 ...

证券代码：603128 证券简称：华贸物流 公告编号：临 2025-023 港中旅华贸国际物流股份有限公司 本公司监事会及全体监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。 港中旅华贸国际物流股份有限公司（以下简称"公司"）第五届监事会第十 二次会议于 2025 年 10 月 28 日以通讯表决方式召开。本次会议应出席会议的监 事 3 名，实际出席会议的监事 3 名。本次会议的通知及召开符合《中华人民共和 国公司法》及《港中旅华贸国际物流股份有限公司章程》的规定。经出席会议监 事审议，一致通过如下决议： 审议通过《2025 年半年度报告》 监事会认为：公司 2025 年第三季度报告编制和审议程序符合法律、法规、 《公司章程》和公司内部管理制度的各项规定；第三季度报告的内容和格式符合 中国证监会和公司上市地证券交易所的各项规定，所包含的信息真实地反映出公 司 2025 年第三季度的经营成果和财务状况。 表决结果：赞成__3__票；反对__0__票；弃权__0__票。 特此公告。 港中旅华贸国际物流股份有限公司监事会 2025 年 10 月 29 ...

港中旅华贸国际物流股份有限公司 第五届监事会第十二次会议决议 港中旅华贸国际物流股份有限公司(以下简称"公司")第五届监事会第十二 次会议 2025年10月28 日以通讯表决方式召开。本次会议应出席会议的监事 3 名,实际出席会议的监事3名。本次会议的通知及召开符合《中华人民共和国公 司法》及《港中旅华贸国际物流股份有限公司章程》的规定。经出席会议监事审 议,一致通过如下决议: (陈登陆) 表决结果:赞成_3_票;反对_0_票;弃权_0_票。 监事签字: 审议通过《2025年半年度报告》 监事会认为:公司 2025年第三季度报告编制和审议程序符合法律、 《公司章程》和公司内部管理制度的各项规定;第三季度报告的内资 中国证监会和公司上市地证券交易所的各项规定,所包含的信息真 司 2025 年第三季度的经营成果和财务状况。 ...

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。 证券代码：603128 证券简称：华贸物流 公告编号：临 2025-022 港中旅华贸国际物流股份有限公司 第五届董事会第三十次会议决议公告 特此公告。 港中旅华贸国际物流股份有限公司董事会 2025 年 10 月 29 日 1 港中旅华贸国际物流股份有限公司（以下简称"公司"）第五届董事会第三 十次会议于 2025 年 10 月 28 日以通讯表决方式召开。本次会议应出席会议的董 事 5 名，实际出席会议的董事 5 名。本次会议的通知及召开符合《中华人民共和 国公司法》、《港中旅华贸国际物流股份有限公司章程》和《董事会议事规则》 的规定。经出席会议董事审议，一致通过如下决议： 审议通过《2025 年第三季度报告》 表决结果：赞成__5__票；反对__0__票；弃权__0__票。 本议案已经公司董事会审计委员会审议通过。 ...

董事签字: 荷荷 电刚 本网 HK 安安 审议通过《2025年第三季度报告》 表决结果: 赞成_5_票;反对_0_票;弃权_0_票。 本议案已经公司董事会审计委员会审议通过。 港中旅华贸国际物流股份有限公司 第五届董事会第三十次会议决议 港中旅华贸国际物流股份有限公司(以下简称"本公司"、"华贸物流")第五 届董事会第三十次会议于 2025年 10 月 28 日以通讯表决方式召开。本次会议应 出席会议的董事 5 名,实际出席会议的董事 5 名。本次会议的通知及召开符合 《中华人民共和国公司法》、《港中旅华贸国际物流股份有限公司章程》和《董事 会议事规则》的规定。经出席会议董事审议，一致通过如下决议: ...

港中旅华贸国际物流股份有限公司 2025 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | | 年初至报告 | | --- | --- | --- | --- | --- | | | | 比上年同 | 年初至报告期末 | 期末比上年 | | | | 期增减变 | | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 4,947,549,675.52 | -14.95 | 13,719,834,887.45 | -4.84 | | 利润总额 | 107,98 ...

华贸物流公告，第三季度营收为49.48亿元，同比下降14.95%；净利润为7902.99万元，同比下降 53.33%。前三季度营收为137.2亿元，同比下降4.84%；净利润为3.07亿元，同比下降35.07%。 ...

Investment Rating - The report rates the transportation industry as "Outperform" [1] Core Views - Crude oil freight rates have decreased month-on-month, while container shipping rates on long-distance routes have increased. The China Import Crude Oil Comprehensive Index (CTFI) reported 1632.26 points on October 23, down 8.9% from October 16. The VLCC market remains cautious due to the implementation of special port fees between China and the US, leading to a weak sentiment among shipowners [2][13] - Guangdong Province has released a high-quality development plan for the low-altitude economy, aiming to establish itself as a national leader in this sector. The civil aviation industry has shown steady growth in the first three quarters of 2025, with a total transport turnover of 1220.3 billion ton-kilometers, a year-on-year increase of 10.3% [2][15][16] - In Shenzhen, the monthly delivery volume of autonomous vehicles has surpassed one million, with a year-on-year growth of 12.7% in express delivery volume in September. The postal industry reported a total business income of 152.57 billion yuan in September, up 6.8% year-on-year [2][22][24] Summary by Sections Industry Hot Events - Crude oil freight rates have decreased, while container shipping rates on long-distance routes have increased. The CTFI reported a decrease of 8.9% [2][13] - Guangdong's low-altitude economy development plan aims to optimize airspace management and promote low-altitude logistics [15][16] - Shenzhen's autonomous vehicle delivery volume has exceeded one million, with express delivery volume growing by 12.7% [22][24] High-Frequency Data Tracking - The Baltic Air Freight Price Index has increased month-on-month but decreased year-on-year. The Shanghai outbound air freight price index has shown a month-on-month increase of 6.9% [26] - Domestic cargo flights have increased by 3.05% year-on-year, while international flights have risen by 15.86% [32] - The express delivery business volume in September increased by 12.7% year-on-year, with total business income reaching 127.37 billion yuan [50][54] Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping Specialized Carriers, China Merchants Energy Shipping, and Huamao Logistics [4] - Pay attention to the low-altitude economy investment opportunities, recommending CITIC Offshore Helicopter [4] - Consider investment opportunities in the highway and railway sectors, recommending companies like Gansu Expressway and Beijing-Shanghai High-Speed Railway [4] - Explore investment opportunities in the express delivery sector, recommending SF Express, Jitu Express, and Yunda Express [4]

Investment Rating - The report maintains a "Recommended" rating for the transportation industry [4][10][12]. Core Views - The transportation sector is experiencing a recovery in passenger and freight volumes, driven by the resumption of domestic and international travel, as well as a rebound in logistics demand [8][12]. - The report highlights the positive impact of government policies aimed at stimulating domestic demand, which is expected to further enhance the performance of airlines and logistics companies [12][9]. Summary by Sections Industry Performance Review - From October 20 to October 25, 2025, the transportation sector recorded a cumulative increase of +0.72%, ranking 24th among 31 SW primary industries, while the CSI 300 index rose by +3.24% [16][18]. - Sub-sectors within transportation showed varied performance, with public transport (+4.81%) and warehousing logistics (+2.88%) leading the gains, while shipping experienced a decline of -1.28% [18][19]. Aviation and Airports - In September 2025, major listed airlines in China showed significant recovery in domestic Available Seat Kilometers (ASK) compared to 2019, with China Southern Airlines at 116.42% and Spring Airlines at 176.49% [27]. - Major airports also reported recovery in passenger throughput, with Baiyun Airport and Shanghai Airport achieving recovery rates of 115.74% and 125.22% for domestic passengers, respectively [35]. Shipping and Ports - As of October 24, 2025, the Shanghai Containerized Freight Index (SCFI) was at 1403.46 points, reflecting a week-on-week increase of +7.11% but a year-on-year decrease of -35.78% [39]. - The China Containerized Freight Index (CCFI) reported a value of 992.74 points, with a week-on-week increase of +2.02% and a year-on-year decrease of -27.35% [39]. Road and Rail - In September 2025, railway passenger volume reached 341 million, showing a slight year-on-year decrease of -0.24%, while freight volume increased by +4.24% to 4.45 million tons [64]. - Road transport saw a significant decline in passenger volume, down -43.82% year-on-year, while freight volume increased by +5.20% to 38.91 million tons [70]. Express Delivery - The express delivery sector achieved a revenue of 127.37 billion yuan in September 2025, marking a year-on-year increase of +7.20%, with business volume rising by +12.70% to 16.88 billion parcels [12].