证券代码：603871 证券简称：嘉友国际 公告编号：2025-026 嘉友国际物流股份有限公司（简称"公司"）第三届监事会第二十五次会议 于 2025 年 6 月 24 日以电子邮件、专人送出方式发出通知和资料，于 2025 年 6 月 27 日在公司会议室以现场结合通讯方式召开，应出席监事 3 人，实际出席监 事 3 人。会议由监事会主席王本利先生召集和主持，公司高级管理人员列席了会 议。本次会议的召开符合《公司法》和《公司章程》的有关规定。 二、监事会会议审议情况 1、关于非公开发行股票募集资金投资项目结项并将节余募集资金永久补充 流动资金的议案 表决情况：同意 3 票，反对 0 票，弃权 0 票。 表决结果：通过。 具体内容详见公司同日在上海证券交易所网站披露的《关于非公开发行股票 募集资金投资项目结项并将节余募集资金永久补充流动资金的公告》。 嘉友国际物流股份有限公司 第三届监事会第二十五次会议决议公告 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。 一、监事会会议召开情况 表决结果：通过。 1 具体内容详见公司同日 ...

证券代码：603871 证券简称：嘉友国际 公告编号：2025-025 嘉友国际物流股份有限公司 第三届董事会第三十五次会议决议公告 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。 一、董事会会议召开情况 嘉友国际物流股份有限公司（简称"公司"）第三届董事会第三十五次会议 于 2025 年 6 月 24 日以电子邮件、专人送出方式发出通知和资料，于 2025 年 6 月 27 日在公司会议室以现场结合通讯方式召开，应出席董事 7 人，实际出席董 事 7 人。会议由董事长韩景华先生召集和主持，公司监事和高级管理人员列席了 会议。本次会议的召开符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 1、关于非公开发行股票募集资金投资项目结项并将节余募集资金永久补充 流动资金的议案 表决情况：同意 7 票，反对 0 票，弃权 0 票。 表决结果：通过。 具体内容详见公司同日在上海证券交易所网站披露的《关于非公开发行股票 募集资金投资项目结项并将节余募集资金永久补充流动资金的公告》。 2、关于使用非公开发行股票募集资金临时补 ...

Market Overview - As of 13:59 today, the Shanghai Composite Index is at 3424.00 points, below the five-day moving average, with a decline of 0.71% [1] - The total trading volume of A-shares today is 12836.21 billion [1] Stocks Breaking the Five-Day Moving Average - A total of 319 A-shares have broken above the five-day moving average today [1] - The stocks with the largest deviation rates include: - Maiwei Biological with a deviation rate of 12.67%, closing at 28.62 yuan, up 20.00% [2] - Zhuyou Group with a deviation rate of 7.86%, closing at 11.28 yuan, up 10.05% [2] - Zhongfu Industrial with a deviation rate of 7.33%, closing at 4.48 yuan, up 9.80% [2] - Other notable stocks with smaller deviation rates include: - Dongxing Medical, Haipu Rui, and Laobaixing, which have just crossed the five-day moving average [1] Detailed Stock Performance - The following stocks have notable performance metrics: - Jiayou International: 9.97% increase, 10.81 yuan latest price, 7.22% deviation [2] - Jinjing Pharmaceutical: 10.39% increase, 17.00 yuan latest price, 6.70% deviation [2] - Xin Henghui: 12.94% increase, 53.07 yuan latest price, 6.17% deviation [2] - Additional stocks with significant trading activity include: - Hasa Lian: 9.97% increase, 14.45 yuan latest price, 5.89% deviation [2] - Huayang New Materials: 9.97% increase, 6.84 yuan latest price, 5.85% deviation [2]

证券代码：603871 证券简称：嘉友国际 公告编号：2025-024 嘉友国际物流股份有限公司 关于提前归还临时补充流动资金的募集资金的公告 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。 嘉友国际物流股份有限公司（简称"公司"）于 2025 年 1 月 20 日召开第三 届董事会第三十一次会议、第三届监事会第二十三次会议审议通过《关于使用非 公开发行股票募集资金临时补充流动资金的议案》，同意公司使用不超过 6,400 万元闲置募集资金临时补充流动资金，期限自董事会审议通过之日起 12 个月内。 保荐机构国泰海通证券股份有限公司对上述事项发表了同意的意见。具体内容详 见公司于 2025 年 1 月 22 日在上海证券交易所网站披露的《非公开发行股票募集 资金临时补充流动资金公告》。 截至 2025 年 6 月 23 日，公司已将实际用于临时补充流动资金的募集资金 4,500 万元全部归还至募集资金专项账户，并将归还情况通知保荐机构国泰海通 证券股份有限公司。 特此公告。 嘉友国际物流股份有限公司董事会 2025 年 6 月 ...

Investment Overview - The company approved an investment in the Zambia Sakanya Port and Ndola to Mufulira road upgrade project on October 16, 2023, through its wholly-owned subsidiary, China-Africa International Logistics Investment Co., Ltd. [1] - The total investment for the project is approximately $76.13 million, with a concession period of 22 years [1][2] - The company will increase its stake in JASWIN PORTS LIMITED to 90% as part of the investment [1] Project Progress - The upgrade of the Ndola to Sakanya road includes the construction of a 17.26 km road and a toll station, which is now fully completed [2] - The Sakanya Port upgrade involves the construction of a joint inspection building, business building, and parking lot, with environmental assessments and land acquisition already completed [2] - The upgrade of the Sakanya to Mufulira road includes a 41.7 km road and a toll station, with environmental assessments and land acquisition also completed, and construction is currently underway [2]

证券代码：603871 证券简称：嘉友国际 公告编号：2025-023 嘉友国际物流股份有限公司 关于对外投资赞比亚萨卡尼亚口岸和恩多拉至穆富利拉道 路升级改造项目的进展公告 2、赞比亚萨卡尼亚口岸 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。 一、对外投资概述 嘉友国际物流股份有限公司（简称"公司"）于 2023 年 10 月 16 日召开第三 届董事会第十三次会议审议通过《关于投资萨卡尼亚口岸和恩多拉至穆富利拉道 路升级改造项目的议案》，同意公司全资子公司中非国际物流投资有限公司（简 称"中非国际"）的控股子公司 JASWIN PORTS LIMITED 与赞比亚财政与国家规划 部、公路发展局和商业、贸易与工业部签署《萨卡尼亚口岸、恩多拉至穆富利拉 公路以及通往萨卡尼亚边境道路的设计、融资、建设、运营特许权合同》，约定 由 JASWIN PORTS LIMITED（简称"JASWIN 公司"）投资、建设、运营赞比亚萨卡 尼亚口岸和恩多拉至穆富利拉道路升级改造项目（简称"赞比亚萨卡尼亚项目"）， 特许权期限为 22 年，投 ...

Group 1: Aviation Sector - The aviation sector is expected to see strong demand during the summer peak season, with a recommendation to focus on pre-peak investment opportunities. The industry has gradually emerged from the low-demand season since March, with rational pricing strategies from airlines supporting demand [3][12]. - In 2024, the total revenue of six listed airlines is projected to reach 521.8 billion yuan, a year-on-year increase of 14%, with a tax pre-profit of 3 billion yuan, a significant recovery from a loss of 9 billion yuan in 2023. Different airlines show varying degrees of profit improvement [10][12]. - The report highlights that the international oil price decline will significantly enhance airline profits. A 5% drop in Brent crude oil prices could increase the pre-tax profits of major airlines by 29 billion yuan for Air China and 23 billion yuan for Eastern Airlines [14][15]. Group 2: Express Delivery Sector - The express delivery sector is anticipated to maintain strong growth resilience, with business volumes expected to increase by 21.5% in 2024 and 21.6% in Q1 2025. The total business volume for 2024 is projected to reach 1.758 billion pieces [32][35]. - The market concentration in the express delivery industry is on the rise, with the CR8 index expected to reach 85.2% in 2024 and 86.9% in Q1 2025, indicating a more consolidated market [32][35]. - Revenue for the express delivery industry is forecasted to grow by 13.8% in 2024, reaching 1.4 trillion yuan, with a slight pressure on average ticket prices, which are expected to decline by 14.2% [35][36]. Group 3: Dividend and Asset Value - The report emphasizes the value of dividend assets in the transportation sector, with cash dividend ratios for highways, railways, and ports projected at 51%, 47%, and 36% respectively for 2024, indicating strong cash flow stability [44][45]. - The TTM dividend yields for these sectors are expected to be 3.0% for highways, 3.3% for railways, and 2.3% for ports, reflecting a stable increase compared to previous years [44][45]. Group 4: Shipping Sector - The shipping sector faces short-term pressure due to US-China tariff disputes, but structural opportunities may arise. The report suggests that the tariff situation could lead to a shift in import demands, particularly for agricultural products, which may benefit dry bulk shipping [48][56]. - Historical data indicates that previous trade disputes have led to increased shipping rates for certain routes, suggesting potential for similar outcomes in the current context [48][56].

Group 1 - The report highlights the steady growth in highway traffic volume, with a focus on the valuation recovery of H-shares and the systemic revaluation of A-shares, recommending specific stocks such as Zhejiang Huhangyong, Wantong Expressway, and Ninghu Expressway [3][4][32] - The railway passenger transport sector is experiencing structural changes in customer demographics, leading to a stable growth outlook, with a shift in valuation logic from PE to DCF and EV/EBITDA [3][4][56] - The railway freight sector is benefiting from the transformation of logistics and adjustments in railway freight pricing policies, with steady growth in freight volume and turnover, although the growth rate remains low [3][4][75] Group 2 - The logistics industry is being empowered by AI, which enhances traffic efficiency through the integration of traffic data models and optimization algorithms, allowing leading companies to expand their market share [3][4][105] - The report notes that the number of vehicles in China has reached 353 million by 2024, reflecting a year-on-year growth of 10.31%, indicating a robust demand for transportation services [5][11] - The report discusses the ongoing digital transformation in the railway sector, aiming for comprehensive digitization and intelligent upgrades by 2027, which will enhance operational efficiency [107][108]

证券代码：603871 证券简称：嘉友国际 公告编号：2025-022 嘉友国际物流股份有限公司 2024年年度权益分派实施公告 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。 2、分派对象： 重要内容提示： A 股每股现金红利0.4元 每股转增股份0.4股 相关日期 | 股份 | 股权登记日 | 最后交 | 除权（息）日 | 新增无限售条件 | 现金红利发 | | --- | --- | --- | --- | --- | --- | | 类别 | | 易日 | | 流通股份上市日 | 放日 | | Ａ股 | 2025/6/18 | － | 2025/6/19 | 2025/6/19 | 2025/6/19 | 差异化分红送转：否 一、通过分配、转增股本方案的股东会届次和日期 本次利润分配及转增股本方案经公司2025 年 5 月 22 日的2024年年度股东会审 议通过。 二、分配、转增股本方案 1、发放年度：2024年年度 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结 ...

Core Points - The legal opinion letter regarding the 2024 annual general meeting of JIAYOU International Logistics Co., Ltd. was issued by Kangda Law Firm [2][3] - The meeting was convened and held in accordance with relevant laws and regulations, including the Company Law and the Articles of Association of the company [3][16] - A total of 350 shareholders and their proxies attended the meeting, representing 455,860,176 shares, which is 46.6520% of the total voting shares [6][7] Meeting Procedures - The meeting was called based on a resolution from the company's board of directors on April 24, 2025 [6] - The meeting utilized a combination of on-site and online voting, with the on-site meeting held on May 22, 2025 [6][9] - The online voting was conducted through the Shanghai Stock Exchange trading system during specified hours on the day of the meeting [6][9] Voting Results - The voting results showed that 455,559,949 shares were in favor of the proposals, accounting for 99.9341% of the votes cast [11] - A total of 155,327 shares were against the proposals, representing 0.0340% of the votes [11] - The meeting's voting process and results were confirmed to comply with legal and regulatory requirements [16]