嘉友国际物流股份有限公司 关于召开 2023 年度暨 2024 年第一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 证券代码：603871 证券简称：嘉友国际 公告编号：2024-029 三、参加人员 投资者可于 2024 年 5 月 29 日（星期三）至 6 月 4 日（星期二）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 4 月 18 日发布公 司 2023 年年度报告，为便于广大投资者更全面深入地了解公司 2023 年度经营成 果、财务状况，公司计划于 2024 年 6 月 5 日（星期三）下午 14:00-15:00 举行 2023 年度暨 2024 年第一季度业绩说明 ...

| --- | --- | --- | --- | --- | |--------------------------|---------------------------|----------|----------|----------| | 表 4 ：公司在 Oyu | Tolgoi 扩产下的利润弹性 | 2024E | 2025E | 2026E | | | 营收（万元） | 4878.71 | 4710.71 | 5641.51 | | 嘉友国际承运 10% | 净利润（万元） | 1414.83 | 1366.11 | 1636.04 | | 嘉友国际承运 30% | 营收（万元） | 14636.13 | 14132.13 | 16924.52 | | | 净利润（万元） | 4244.48 | 4098.32 | 4908.11 | | 嘉友国际承运 50% | 营收（万元） | 24393.55 | 23553.56 | 28207.54 | | 数据来源：开源证券研究所 | 净利润（万元） | 7074.13 | 6830.53 | 8180.19 | 请务必参阅正文后面的信息披露和法律声 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7][31]. Core Insights - The company achieved a revenue of 2.0 billion yuan in Q1 2024, representing a year-on-year growth of 26.0%. The net profit attributable to the parent company was 310 million yuan, up 51.9% year-on-year [29]. - The increase in profit is primarily driven by the rapid growth in Mongolian coal operations and the significant increase in traffic volume at the Kasai port, which enhances the profitability of the land port project. Future acquisitions and project developments are expected to further boost earnings [9][31]. - The company is experiencing a significant increase in business volume, with Q1 performance exceeding expectations. The average daily traffic volume at the Ganqimiao port reached 933 vehicles per day, a year-on-year increase of approximately 9.4% [15][29]. Financial Performance Summary - In Q1 2024, the company's gross profit increased by approximately 90 million yuan to 350 million yuan. The profit growth was supported by the rapid increase in Mongolian coal operations and the high traffic volume at the Kasai port [15][29]. - The company's capital expenditure in Q1 2024 was 150 million yuan, a year-on-year increase of 202.6%, mainly for the construction of the Dilolo and Zambia Sakanya projects [12][31]. - The projected net profits for the company from 2024 to 2026 are 1.33 billion yuan, 1.57 billion yuan, and 1.79 billion yuan, respectively, with corresponding price-to-earnings ratios of 13.4, 11.3, and 10.0 [31].

证券代码：603871 证券简称：嘉友国际 公告编号：2024-028 嘉友国际物流股份有限公司 2023 年年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一) 股东大会召开的时间：2024 年 05 月 15 日 (二) 股东大会召开的地点：北京市石景山区城通街 26 号院 2 号楼 24 层公 司会议室 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次会议由公司董事会召集，董事长韩景华先生主持，采用现场投票和网络 投票相结合的表决方式，符合《公司法》及《公司章程》的有关规定。 (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事 7 人，出席 7 人； 2、公司在任监事 3 人，出席 3 人； 3、董事会秘书聂慧峰先生出席会议，部分高级管理人员列席会议。 二、议案审议情况 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 20 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 !"#$%&'()* +,-./012345678 2023 99:3;<=>?&@AB 康达股会字【2024】第 1898 号 致：嘉友国际物流股份有限公司 北京市康达律师事务所（以下简称"本所"）接受嘉友国际物流股份有限公司（以 下简称"公司"）的委托，就公司 2023 年年度股东大会（以下简称"本次会议"）的 相关事宜出具《北京市康达律师事务所关于嘉友国际物流股份有限公司 2023 年年度 股东大会的法律意见书》（以下简称 "《法律意见书》"）。 本所律师 ...

证券代码：603871 证券简称：嘉友国际 公告编号：2024-027 嘉友国际物流股份有限公司 关于全资子公司收购 Reinsberg Holding AG 80%股权的进 展公告 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、本次交易基本情况 2023 年 10 月 29 日，嘉友国际物流股份有限公司（简称"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"）与 Nicolaas Marthinus Jansen Van Rensburg（简称"Buks"）、Elrick De Klerk（简称"Elrick"）、Pieter Jacobus Jansen Van Rensburg（简称"Pieter"）、Duncan Dukhie（简称"Duncan"）共 4 名自然人签署《股份转让协议》，中非国际拟以自有资金 25,500,016.00 美元 收购 Buks、Elrick、Pieter 和 Duncan 4 名自然人所持有的 Reinsberg Holding AG（简称"BHL"）80%股权。本次交 ...

嘉友国际物流股份有限公司 2023 年年度股东大会会议资料 2024 年 5 月 15 日 2023 年年度股东大会会议资料 | 目录 | | --- | | 2023 年年度股东大会须知 | 2 | | --- | --- | | 2023 年年度股东大会议程 | 3 | | 议案一：2023 | 年度董事会工作报告 4 | | 议案二：2023 | 年度监事会工作报告 8 | | 议案三：2023 | 年度财务决算报告 11 | | 议案四：2023 | 年年度报告及其摘要 14 | | 议案五：2023 | 年年度利润分配及资本公积金转增股本方案 15 | | 议案六：关于续聘 | 2024 年度审计机构的议案 16 | | 议案七：董事、监事及高级管理人员 | 2024 年度薪酬预案 17 | | 听取 2023 | 年度独立董事述职报告 18 | 1 2023 年年度股东大会会议资料 2023 年年度股东大会须知 为维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，根据《公 司法》《上市公司股东大会规则》及《公司章程》等有关规定，制定如下会议须 知： 一、请股东按照本次股东大会通知中规定的时 ...

Financial Performance - In 2023, the company achieved a revenue of 699,525.99 million yuan, a year-on-year increase of 44.85% [3] - The net profit attributable to shareholders was 103,878.70 million yuan, up 52.60% from the previous year [3] - As of December 31, 2023, total assets reached 646,745.80 million yuan, growing by 20.74% [3] - The net assets attributable to shareholders were 487,570.54 million yuan, an increase of 17.27% [3] - In Q1 2024, revenue was 199,509.28 million yuan, a 25.97% increase year-on-year [3] - The net profit for Q1 2024 was 30,710.98 million yuan, up 51.85% [3] - Total assets as of March 31, 2024, were 685,598.39 million yuan, a 6.01% increase [3] - Net assets attributable to shareholders were 520,167.80 million yuan, growing by 6.69% [3] Market Expansion and Strategy - The company focuses on cross-border logistics in landlocked countries, particularly in regions like Mongolia, Central Asia, Africa, and South America [4] - In the Mongolia region, the company maintains a leading position in logistics through a logistics + trade + resource cooperation model [4] - The African market saw the launch of the Congo (Kinshasa) project, which exceeded expectations in terms of traffic and operational performance [5] - The company is preparing for projects in Zambia and expanding its logistics network in Africa [5] - The Central Asia market is expected to grow due to the successful China-Central Asia summit and the establishment of the Xinjiang Free Trade Zone [5] Operational Developments - The company has acquired Zambia's largest trucking company, BHL, to enhance its operational capabilities in Africa [8] - BHL has over 500 vehicles, and the company plans to expand this fleet while leveraging BHL's management experience [8] - The operational model in Africa is based on the successful experience from the Mongolia market, focusing on logistics infrastructure development [9] - The company aims to create a comprehensive transportation network in Southern Africa, integrating road, port, and customs operations [10] Future Outlook - The company plans to continue expanding its international and domestic market presence, replicating successful business models [7] - There is a focus on enhancing logistics services and infrastructure in Central Asia and Southern Africa [7] - The company aims to solidify its leading position in international cross-border logistics through innovative logistics solutions [7]

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company reported strong performance in Q1 2024, achieving revenue of 2.0 billion yuan, a year-on-year increase of 26.0%, and a net profit attributable to shareholders of 310 million yuan, up 51.9% year-on-year and 8.1% quarter-on-quarter [1][7] - In 2023, the company achieved total revenue of 7.0 billion yuan, representing a year-on-year growth of 44.9%, and a net profit of 1.04 billion yuan, up 52.6% year-on-year [1][7] - The significant increase in coal imports from Mongolia to China has greatly benefited the company's coal supply chain business, with service revenue from coking coal supply chain trading increasing by 145.9% to 4.43 billion yuan in 2023 [1][13] - The company has deepened its relationship with major client MMC by acquiring a 20% stake in KEX and signing a long-term coal supply agreement for 17.5 million tons over ten years, enhancing its competitive edge in the Mongolia-China business [1][16] - The company's African operations are gaining traction, with successful logistics models established in landlocked countries like the Democratic Republic of Congo and Zambia, and ongoing investments to enhance cross-border transport capabilities [1][17] - The company is expected to maintain rapid growth in its coal supply chain business as the trade scale between China and Mongolia continues to expand [1][13] Financial Forecasts - Revenue is projected to grow from 6.995 billion yuan in 2023 to 8.604 billion yuan in 2024, reflecting a growth rate of 23.0% [4] - Net profit is expected to increase from 1.039 billion yuan in 2023 to 1.306 billion yuan in 2024, representing a growth of 25.7% [4] - The company’s earnings per share (EPS) is forecasted to rise from 1.49 yuan in 2023 to 1.87 yuan in 2024 [4] - The company’s price-to-earnings (P/E) ratio is projected to decrease from 17.9 in 2023 to 14.2 in 2024, indicating a more attractive valuation [4]

证券代码：603871 证券简称：嘉友国际 公告编号：2024-026 嘉友国际物流股份有限公司 2024 年第一次临时股东大会决议公告 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。 重要内容提示： (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次会议由公司董事会召集，董事长韩景华先生主持，采用现场投票和网络 投票相结合的表决方式，符合《公司法》及《公司章程》的有关规定。 (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事 7 人，出席 7 人； 2、公司在任监事 3 人，出席 3 人； 本次会议是否有否决议案：无 一、会议召开和出席情况 (一) 股东大会召开的时间：2024 年 04 月 25 日 (二) 股东大会召开的地点：北京市石景山区城通街 26 号院 2 号楼 24 层公 司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 123 | | --- | --- | | 2、出席会议的股东所持有表决权的股份 ...