证券代码：603128 证券简称：华贸物流 公告编号：2025-016 港中旅华贸国际物流股份有限公司 2024年年度股东会决议公告 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 (五)公司董事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 1、 议案名称：《公司 2024 年年度报告及其<摘要>的议案》 (一)股东会召开的时间：2025 年 6 月 30 日 (二)股东会召开的地点：上海市南京西路 338 号天安中心 20 楼 (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 | 682 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 653,351,779 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 49.9105 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况 ...

FANGDA PARTNERS http://www.fangdalaw.com 中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 200041 上海市方达律师事务所 关于港中旅华贸国际物流股份有限公司 2024 年年度股东大会的法律意见书 致：港中旅华贸国际物流股份有限公司 上海市方达律师事务所（以下简称"本所"）是具有中华人民共和国法律执业 资格的律师事务所。根据相关法律顾问协议，本所指派律师出席港中旅华贸国际 物流股份有限公司（以下简称"公司"）2024 年年度股东大会（以下简称"本次 股东大会"），并就本次股东大会的召集和召开程序、参与表决和召集会议人员的 资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《中华人民共和国公司 ...

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) and has outlined the voting procedures, key agenda items, and financial reports to be discussed and approved by shareholders [1][2][3]. Voting Procedures - Shareholders can vote through the Shanghai Stock Exchange's trading system or the internet voting platform, with specific time slots designated for voting on the day of the AGM [1][2]. - The first voting result will be considered valid in case of duplicate votes through different platforms [2]. Financial Reports - The company has prepared its 2024 Annual Report and its summary, which will be presented for approval at the AGM [3][5]. - The 2024 financial report indicates a decline in net profit by 12.99% to 4.63 billion yuan, with earnings per share dropping by 12.77% to 0.41 yuan [14][15]. Business Performance - The company reported a total international air freight volume of 34,500 TEUs, a significant increase from 18,200 TEUs in 2023 [14]. - The international sea freight volume reached 842,700 TEUs, up from 819,300 TEUs year-on-year, with a gross profit margin of 11.88% [15][16]. Governance and Management - The board of directors consists of five members, including three independent directors, and has established various committees to enhance governance [6][9]. - The board has held seven meetings in 2024, ensuring compliance with legal and regulatory requirements [6][7]. Budget and Financial Planning - The company has set a target of 130,000 TEUs for the China-Europe Railway Express in 2025 and plans to invest 310 million yuan in fixed assets [18][19]. - The proposed profit distribution for 2024 includes a cash dividend of 2.9 yuan per share, totaling approximately 379.62 million yuan [20]. Related Transactions - The company plans to enter into a financial services agreement with China Logistics Group Financial Co., Ltd., which is considered a related party transaction due to shared ownership [21][22]. - The agreement includes provisions for deposit services and credit facilities, with a maximum deposit limit of 1 billion yuan [23][24].

华贸物流(603128) 2024 年年度股东大会会议文件 港中旅华贸国际物流股份有限公司 2024年年度股东大会 会议文件 I N T E R N A T I O N A L 2025年6月 1 港中旅华贸国际物流股份有限公司 2024年年度股东大会会议网络投票注意事项 尊敬的各位股东及股东代表： 根据上海证券交易所《上海证券交易所上市公司自律监管指引第 1 号——规 范运作》（下称"《规范运作指引》"），港中旅华贸国际物流股份有限公司（以 下简称"华贸物流"或"公司"）股东通过上海证券交易所股东大会网络投票系 统行使表决权的，既可以登陆交易系统投票平台（通过指定交易的证券公司交易 终端）进行投票，也可以登陆互联网投票平台（网址：vote.sseinfo.com）进行投 票。现就本次股东大会网络投票特别提请注意如下相关事项： 一、 交易系统投票平台 公司股东通过上交所交易系统投票平台投票的，可以通过股东账户登录其指 定交易的证券公司交易终端，参加网络投票。 通过交易系统投票平台进行网络投票的时间为股东大会召开当日的交易时 间段，即 2025 年 6 月 30 日 9:15-9:25，9:30-11:30，1 ...

证券代码：603128 证券简称：华贸物流 公告编号： 2025-015 港中旅华贸国际物流股份有限公司 关于召开 2024 年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： 投资者可于 2025 年 06 月 23 日 （星期一） 至 06 月 27 日 （星期五）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 boardoffice@ctsfreight.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。 港中旅华贸国际物流股份有限公司（以下简称"公司"）已于 2025 年 4 月 18 日发布公司 2024 年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经 营成果、财务状况，公司计划于 2025 年 06 月 30 日 （星期一） 10:00-11:00 举行 2024 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 20 ...

Group 1: Conference Overview - The 2025 IATA North Asia CARGO DAY and Guangzhou International Air Cargo Hub High-Quality Development Conference was held on June 10-11, focusing on the theme "China Hub, Connecting the World" [1] - This marks the third consecutive year Guangzhou has hosted an international summit in the air cargo sector [1] Group 2: Market Growth and Performance - Under the "dual circulation" development pattern, China's air logistics market is expanding, with Baiyun Airport's international cargo route network becoming denser [1] - According to the "Guangzhou International Air Cargo Hub High-Quality Development White Paper (2024-2025)," Baiyun Airport's cargo throughput is expected to reach 2.3825 million tons in 2024, a year-on-year increase of 16.9%, achieving a historical high and ranking ninth globally for the first time [1] - Baiyun Airport has seen a 12-fold increase in cargo throughput over 30 years, now ranking ninth globally, with a cargo-to-passenger ratio improved from 50:1 to 31:1 [6] Group 3: Strategic Developments - The Guangdong Airport Group aims to develop Baiyun Airport into a world-class air logistics super hub with a target capacity of 6 million tons [1][5] - The airport's expansion project, with a total investment of 53.77 billion yuan, includes the construction of a new terminal and additional runways, enhancing its capacity to handle 1.4 billion passengers and over 600,000 tons of cargo [6] Group 4: Industry Trends and Challenges - The global air logistics industry is undergoing significant changes due to geopolitical factors, trade policy shifts, and supply chain disruptions, leading to increased costs and reliability pressures [2][3] - The industry is witnessing a transformation from traditional transportation to high-value logistics, with a rise in sectors like pharmaceutical cold chain and cross-border e-commerce [4] - Digital technology is being widely adopted to enhance efficiency across the logistics chain, and sustainable development is becoming a consensus within the industry [4] Group 5: Future Outlook - The air cargo sector is expected to see new market opportunities arising from the restructuring of trade patterns, particularly in emerging and developing economies [3] - Airlines are focusing on expanding their cargo route networks to strengthen their positions in traditional and emerging markets, with a particular emphasis on collaboration with ecological partners [8]

Core Viewpoint - The 2025 IATA North Asia CARGO DAY and Guangzhou International Air Cargo Hub High-Quality Development Conference was held in Guangzhou, focusing on building an efficient, low-cost, and competitive international logistics center [1][4]. Group 1: Event Overview - The conference was co-hosted by IATA North Asia and Guangdong Airport Management Group, attracting industry leaders from various countries to discuss air cargo hub development [1][4]. - This marks the third consecutive year Guangzhou has hosted an international summit in the air cargo sector [4]. Group 2: Industry Insights - Under the new "dual circulation" development pattern, China's air logistics market is expanding, with Baiyun Airport increasing its international cargo route network, enhancing Guangzhou's position in the global logistics supply chain [4]. - Key discussions included customs reform, air traffic control technology, airline network expansion, hub ecosystem co-construction, and international experience integration [4]. Group 3: Strategic Developments - The Guangzhou Airport Commission introduced new cargo support policies to boost hub construction, while Southern Airlines Logistics announced achievements in the "large transit" hub development [5]. - The release of the "Guangzhou International Air Cargo Hub High-Quality Development White Paper (2024-2025)" provides a reference framework for industry development [5]. - The conference signifies a new phase in the construction of Guangzhou's international air cargo hub, with plans to deepen the "1236" strategic system and accelerate towards becoming a "global supply chain center" [5][6].

Group 1 - The core viewpoint of the articles highlights Huamao Logistics' current market performance, including its stock price, PE ratio, and market capitalization [1] - As of June 10, Huamao Logistics closed at 6.51 yuan, with a 1.88% increase, resulting in a rolling PE ratio of 17.40 times and a total market value of 8.522 billion yuan [1] - The average PE ratio for the logistics industry is 25.26 times, with a median of 27.43 times, placing Huamao Logistics at the 26th position in the industry ranking [1][2] Group 2 - As of March 31, 2025, Huamao Logistics had 56,447 shareholders, an increase of 1,917 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - The main business of Huamao Logistics includes third-party international comprehensive logistics and international logistics solutions, with key products such as comprehensive logistics services, international air and sea freight, cross-border e-commerce logistics, and special logistics [1] - Huamao Logistics ranked 16th in the latest global shipping and air freight forwarders list published by Transport Topics, indicating its competitive position in the international logistics market [1] Group 3 - The latest quarterly report for Q1 2025 shows that Huamao Logistics achieved an operating revenue of 3.992 billion yuan, a year-on-year increase of 2.82%, while net profit was 118 million yuan, reflecting a year-on-year decrease of 29.42%, with a sales gross margin of 11.39% [1]

Core Insights - The 2025 IATA North Asia CARGO DAY and Guangzhou International Air Cargo Hub High-Quality Development Conference commenced in Guangzhou, focusing on enhancing the city's international logistics center capabilities [1][2] - Guangzhou Baiyun Airport's cargo throughput has increased 12 times over the past 30 years, ranking it ninth globally, supported by a strong foundation of industrial and high-tech enterprises in Guangdong [1] - The airport is developing a comprehensive hub with initiatives like "linking globally, ecological connections, and digital links," attracting major logistics players such as FedEx and SF Airlines [1] Group 1 - The Guangzhou Baiyun Airport is set to expand its cargo station cluster following the completion of its third-phase expansion, aiming to attract more logistics operations [1] - In 2023, the airport has opened 17 new all-cargo routes, including to Mexico City and Budapest, increasing its global destinations to 256 [1] - The airport aims to establish a network that allows for 4-hour access to Southeast Asia and 12-hour global connectivity [1] Group 2 - The Guangzhou Airport Commission introduced new cargo support policies to energize hub construction [2] - China Southern Airlines Logistics Co., Ltd. announced the achievements of the Guangzhou "hub-and-spoke" model, enhancing the global cargo network [2] - The release of the "Guangzhou International Air Cargo Hub High-Quality Development White Paper (2024-2025)" provides a reference framework for industry development, indicating comprehensive breakthroughs in policy support, facility upgrades, and strategic research [2]

Investment Rating - The report rates the transportation industry as "Outperform" [1] Core Insights - The shipping rates on the Asia-Brazil route have surged by 100% due to a shortage of available vessels and containers, with rates reaching $3,300 per container [2][12] - The global new ship order volume has dropped to a four-year low, with only 439 vessels ordered in the first four months of 2025, a significant decrease from 980 vessels in the same period of 2024 [2][13] - During the Dragon Boat Festival in 2025, civil aviation passenger volume reached 5.63 million, with a total of 101 new international air cargo routes opened in the first five months [2][14] - The express delivery industry saw a 15.4% year-on-year increase in package volume during the Dragon Boat Festival, with a total of 1.511 billion packages collected nationwide [2][21] Summary by Sections 1. Industry Hot Events - The Asia-Brazil shipping rates increased by 100% due to a shortage of vessels and containers, influenced by trade policies and seasonal demand [12] - The civil aviation passenger volume during the Dragon Boat Festival reached 5.63 million, with 101 new international air cargo routes opened [14] - The express delivery industry experienced a 15.4% year-on-year growth in package volume during the Dragon Boat Festival [21] 2. High-Frequency Data Tracking - In May 2025, domestic cargo flight operations decreased by 6.76%, while international flights increased by 26.98% [33] - The shipping price index for domestic trade decreased, while dry bulk freight rates increased [41] - The express delivery business volume in April 2025 rose by 19.10% year-on-year, with revenue increasing by 10.80% [52] 3. Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [4] - Attention to low-altitude economy investment opportunities, recommending CITIC Offshore Helicopter [4] - Investment opportunities in the cruise and ferry sectors, recommending Bohai Ferry and Haixia Co [4] - E-commerce and express delivery investment opportunities, recommending SF Express, Jitu Express, and Yunda [4] - Investment opportunities in the aviation sector, recommending China National Aviation, China Southern Airlines, and Spring Airlines [4]