证券代码：603871 证券简称：嘉友国际 公告编号：2024-072 11.42 元/股。截至本公告披露日，公司 2024 年员工持股计划证券账户持有公司 股份 3,068,966 股，占公司总股本的 0.31%。 根据公司 2024 年员工持股计划相关规定，本次员工持股计划的存续期为 60 个月，所持标的股票分三期解锁，解锁时点分别为自公司公告最后一笔标的股票 过户至员工持股计划名下之日起满 12 个月、24 个月、36 个月，对应的解锁比例 分别为 40%、40%、20%，各年度具体归属比例和数量将根据公司业绩考核和个人 绩效考核结果计算确定。 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 2024 年 7 月 29 日、2024 年 8 月 15 日分别召开第三届董事会第二十五次会议、第三届监事会第十九次会议 及 2024 年第二次临时股东大会审议通过《<2024 年员工持股计划（草案）>及其 摘要》等相关议案，同意公司实施 2024 年员工持股计划。具体内容详见公司于 2 ...

证券代码：603871 证券简称：嘉友国际 公告编号：2024-071 嘉友国际物流股份有限公司 关于持股 5%以上股东增加一致行动人 公司股东紫金国际贸易有限公司（简称"紫金国贸"）、紫金矿业紫宝（厦门） 投资合伙企业（有限合伙）（简称"紫宝投资"）、紫金矿业紫牛（厦门）产业投 资基金合伙企业（有限合伙）（简称"紫牛投资"）、紫金矿业股权投资管理（厦 门）有限公司（简称"紫金投资"）均为紫金矿业集团股份有限公司（简称"紫 金矿业"）控制的下属企业，为一致行动人。 本次权益变动属于公司持股 5%以上股东一致行动人构成发生变化，现将本 次权益变动具体情况公告如下： 一、本次权益变动基本情况 （一）信息披露义务人基本情况 1、信息披露义务人一：紫金国际贸易有限公司 暨股东权益变动的提示性公告 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： 本次权益变动属于公司持股 5%以上股东一致行动人构成发生变化，不触 及要约收购。 本次权益变动不会使公司控股股东及实际控制人发生变化。 嘉友国际物流股份有限公司（简称"公司"）于 ...

证券代码：603871 证券简称：嘉友国际 公告编号：2024-070 嘉友国际物流股份有限公司 关于注销公开发行可转换公司债券 募集资金专项账户的公告 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。 为规范公司募集资金的管理和使用，保护投资者权益，公司按照《上市公司 监管指引第 2 号——上市公司募集资金管理和使用的监管要求》及《上海证券交 易所上市公司自律监管指引第 1 号——规范运作》的规定，对公司募集资金实行 专户存储。 2020 年 8 月 12 日，公司、保荐机构海通证券股份有限公司（简称"保荐机 构"或"海通证券"）分别与中信银行股份有限公司北京分行、厦门国际银行股 份有限公司北京分行、江苏银行股份有限公司北京分行、兴业银行股份有限公司 北京经济技术开发区支行、中国银行股份有限公司北京金融中心支行、北京银行 股份有限公司燕京支行签订《募集资金专户存储三方监管协议》。 2020 年 11 月 20 日，公司及全资子公司中非国际物流投资有限公司、海通 证券与北京银行股份有限公司燕京支行签订《募集资金专户存储四方监管协 ...

证券代码：603871 证券简称：嘉友国际 公告编号：2024-069 嘉友国际物流股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 12 月 3 日（星期二）至 12 月 9 日（星期一）16：00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 jy_board@jyinternational.com 进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 嘉友国际物流股份有限公司（简称"公司"）已于 2024 年 10 月 30 日发布公 司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三 季度经营成果、财务状况，公司计划于 2024 年 12 月 10 日（星期二）下午 14:00- 15:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流 ...

Investment Rating - The report gives a "Recommend" rating for the company, with a target price of 20.79 RMB [5] Core Views - The company is a pioneer in cross-border multimodal logistics, focusing on landlocked countries along the "Belt and Road" initiative, with operations spanning over 60 countries and regions [3] - The company's business model in Mongolia has evolved from "hub assets" to "logistics" and then to "resources," with a strong focus on coal logistics and mining resources [3] - The African market offers significant growth potential, with the company replicating its Mongolian success by building a comprehensive logistics network across sea, land, and air [3] - The company is expected to achieve revenues of 9.938 billion, 12.738 billion, and 15.645 billion RMB in 2024-2026, with net profits of 1.484 billion, 1.964 billion, and 2.411 billion RMB, respectively [3] Business Overview Focus on Landlocked Countries - The company specializes in solving cross-border logistics pain points for landlocked countries, leveraging its extensive network and long-term client relationships [3] - Its business spans Asia, Africa, Europe, and North America, with a strong presence in Mongolia, Africa, and Central Asia [3] - The company has formed strong ties with major mining companies, providing logistics services for over a decade [3] Mongolia Business - The company has established a strong foothold in Mongolia, with key assets such as bonded warehouses and customs supervision facilities [3] - It has expanded into logistics services, including cross-border multimodal transport and supply chain trade, focusing on coal, copper concentrate, and mining equipment [3] - The company has also invested in mining resources, securing a strong position in the logistics chain [3] - Mongolia is a major source of coking coal for China, accounting for over 50% of China's coking coal imports in most years [3] Africa Business - The company is replicating its Mongolian model in Africa, focusing on key logistics nodes and building a comprehensive logistics network [3] - It has acquired BHL, a leading cross-border transport company in Zambia, and is expanding into low-altitude logistics [3] - The African logistics market is estimated to be worth 400-600 billion USD annually, offering significant growth opportunities [3] Central Asia Business - The company is expanding its presence in Central Asia by replicating its Mongolian strategy, focusing on key assets and cross-border logistics [3] - It has signed a railway cooperation memorandum to strengthen its logistics capabilities in the region [3] Financial Projections - The company is expected to achieve significant revenue and profit growth from 2024 to 2026, driven by its strong presence in Mongolia and expansion in Africa [3] - Revenue is projected to grow from 9.938 billion RMB in 2024 to 15.645 billion RMB in 2026, with net profits increasing from 1.484 billion RMB to 2.411 billion RMB [3] - The PE ratio is expected to decrease from 14x in 2024 to 8x in 2026, reflecting strong earnings growth [3] Industry Analysis Mongolia-China Coal Trade - Mongolia is a major supplier of coking coal to China, with imports reaching 54 million tons in 2023, a 111% increase year-on-year [3] - The Tavan Tolgoi mine, Mongolia's largest open-pit coal mine, plays a crucial role in supplying coal to China [3] - The Ganqimaodu port is the primary entry point for Mongolian coal into China, handling over 50% of Mongolia's coal exports [3] Africa Logistics Market - The African logistics market is vast, with significant opportunities in mining logistics and infrastructure development [3] - The company is building a comprehensive logistics network in Africa, focusing on key mining regions such as the Copperbelt [3] Central Asia Logistics - Central Asia offers growth opportunities for the company, particularly in cross-border logistics and infrastructure development [3] - The company is leveraging its experience in Mongolia to expand its presence in the region [3]

Core Viewpoint - The company is expanding its logistics capabilities in Zambia by investing in the Mokambo port and road upgrade project, which is expected to enhance cross-border transportation efficiency in the region [1][4]. Investment Details - The total investment for the project is $56.6569 million, with the company contributing $50.9912 million sourced from its own and raised funds [1][2]. - The project will be developed by JASWORLD PORT LIMITED, a joint venture between the company's subsidiary and TURBO INFRASTRUCTURE DEVELOPMENT BV, with a construction period of 2 years [2]. Project Scope - The project includes the upgrade of Mokambo port and a 25.75 km road from Mufulira to Mokambo, along with the construction of a toll station and supporting facilities [2]. - The concession granted to JASWORLD PORT LIMITED lasts for 22 years, during which it is responsible for the development, design, financing, construction, and operation of the infrastructure [1][2]. Strategic Importance - This investment is part of the company's broader strategy to enhance logistics networks in Africa, having previously invested in various infrastructure projects in the Democratic Republic of Congo and Zambia [3][4]. - The company aims to replicate successful logistics models from China in Africa, focusing on bulk cargo transportation and infrastructure upgrades to improve logistics efficiency [3]. Regional Impact - The project is expected to facilitate better connectivity between Zambia and the Democratic Republic of Congo, enhancing cross-border logistics and customs efficiency [4]. - The company has established a comprehensive logistics network covering multiple Southern African countries, which will provide more efficient cross-border logistics services [3][4].

证券代码：603871 证券简称：嘉友国际 公告编号：2024-068 嘉友国际物流股份有限公司 关于对外投资赞比亚莫坎博口岸和穆富利拉至莫坎博道路 升级改造项目的公告 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： 投资标的名称：公司全资子公司中非国际的控股子公司 JASWORLD PORT LIMITED 投资、建设、运营赞比亚莫坎博口岸和穆富利拉至莫坎博道路升级改造 项目，特许权期限为 22 年（其中建设期 2 年）。 投资金额：本项目投资总额 56,656,909.83 美元，其中公司投资金额为 50,991,218.85 美元。 相关风险提示： 1、本次对外投资尚需国家发展和改革委员会、商务部、外汇管理局等政府 有关部门的备案或批准，存在一定的不确定性。 2、本次对外投资属于境外投资，可能受政策变化、市场竞争、经营管理等 因素影响，项目建设运营及投资收益面临一定的不确定性。 3、项目资金来源为公司自有资金和自筹资金（包括但不限于银行贷款、再 融资、发行债券等），融资周期较长，且前期投入较大，可能存在资 ...

Investment Rating - The report maintains an "Increase" investment rating for the company [1] Core Views - The company reported a Q3 2024 revenue of 1.9 billion yuan, a year-on-year decrease of 16.98%, while the net profit attributable to the parent company was 330 million yuan, reflecting a year-on-year increase of 31.18% [2] - The company has signed a long-term cooperation agreement with MMC, which will increase sales of various coking coal products by 1.5 to 3 million tons annually, enhancing resource advantages [3] - The company is expanding its operations in Africa, having signed a memorandum of cooperation with the Tanzania Ports Authority to develop and operate logistics and channel management at key ports [3] - Despite a slight decline in profit growth in Q3, the company continues to show high growth year-on-year, indicating confidence in its African business and project reserves [4] - The company is positioned as a leader in emerging markets and a pioneer in African logistics, with a strong cash flow and a historical dividend payout ratio of 40%, suggesting a solid investment safety net [4] Financial Summary - For 2024, the company forecasts revenues of 10.435 billion yuan, with a year-on-year growth of 49.2%, and a net profit of 1.557 billion yuan, reflecting a growth of 49.8% [6] - The gross profit margin is expected to improve from 19.4% in 2023 to 20.0% in 2024, with a return on equity (ROE) projected to rise from 21.3% to 26.8% [6] - The earnings per share (EPS) is projected to increase from 1.06 yuan in 2023 to 1.59 yuan in 2024, with corresponding price-to-earnings (PE) ratios of 19.0 and 12.7 respectively [6]

证券代码：603871 证券简称：嘉友国际 公告编号：2024-067 嘉友国际物流股份有限公司 关于与 Mongolian Mining Corporation 签订长期合作协议 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： 履约的重大风险及不确定性：本合作协议为双方基于现有的资源、优势 而就未来合作意向而达成的框架性、意向性约定，无强制约束力，后续的合作内 容、实施进度均需双方进一步协商，存在一定的不确定性，且合作实施过程中受 多方面因素影响，具体情况以双方后续签订的协议为准。敬请投资者注意投资风 险。 对公司业绩的影响：本次签订合作协议将对公司财务状况和经营成果产 生积极影响，具体影响金额将视后续业务的实施情况而定，具有不确定性。 2024 年 11 月 5 日，嘉友国际物流股份有限公司（简称"公司"）与 Mongolian Mining Corporation（港交所股份代号：00975，简称"MMC")签订《长期合作 协议》，具体情况如下： 一、合作协议签订的基本情况 （一）交易对方的基本情 ...

Summary of Conference Call Company Overview - The conference call discusses the financial performance and strategic initiatives of a logistics company, referred to as "the company," focusing on its operations in Africa and Mongolia. Key Financial Metrics - In Q3, the company achieved a revenue of 1.903 billion yuan, a decrease of 16.98% year-over-year. However, year-to-date revenue reached 6.544 billion yuan, an increase of 28.3% compared to the previous year [1] - The net profit attributable to shareholders for Q3 was 329 million yuan, down 31.18% year-over-year, while the year-to-date net profit was 1.088 billion yuan, up 44.23% [1] - The company reported a basic earnings per share of 1.12 yuan, an increase of 45.45% year-over-year, and a weighted average return on equity of 20.54%, up 3.47 percentage points [1] Asset and Equity Growth - As of Q3, total assets amounted to 8.239 billion yuan, a growth of 27.39% from the previous year, while net assets attributable to shareholders reached 5.614 billion yuan, up 15.14% [2] - The company has exceeded its full-year profit target of 1.039 billion yuan by Q3, indicating strong overall performance [2] Strategic Initiatives in Africa - The company is focusing on building a logistics network in Southeast Africa, particularly through its acquisition of BHL, which enhances its operational capabilities in the region [3][4] - BHL's integration is crucial for establishing a continuous logistics network that connects inland freight routes with ports, facilitating the movement of goods across various countries [4][5] - The company aims to leverage BHL's existing infrastructure and reputation to expand its service offerings and improve operational efficiency [5][6] Long-term Logistics Network Development - The company is actively developing a logistics network that includes key nodes in countries like Zambia and Tanzania, with ongoing investments in infrastructure [7][8] - The establishment of a logistics network is expected to enhance the company's ability to serve both domestic and international clients, particularly in the mining sector [8][9] - The company is also exploring partnerships with local authorities to optimize logistics operations and improve service delivery [10][11] Challenges and Market Conditions - The company acknowledged challenges in the coal market, with a noted decrease in demand and pricing pressures affecting Q3 performance [12][13] - In response, the company adjusted its sales and procurement strategies, focusing on long-term supply chain stability [12][13] Future Outlook and Capital Expenditure - The company plans to increase sales volume by 10% in Q4 to meet annual targets, while continuing to develop contracts and partnerships in Africa [14][15] - Capital expenditures are expected to remain robust over the next one to two years, with a focus on projects that enhance logistics capabilities [28][30] - The company maintains a strong cash position, allowing it to fund ongoing projects without reliance on external financing [29][30] Conclusion - The company is positioned for growth in the logistics sector, particularly in Africa, with a clear strategy to build a comprehensive logistics network that meets the needs of its clients [35][36] - The management emphasizes a long-term vision for sustainable growth, focusing on operational efficiency and market expansion [36][37]