证券之星消息，截至2025年11月20日收盘，华贸物流(603128)报收于5.96元，下跌0.5%，换手率 1.07%，成交量14.02万手，成交额8374.77万元。 11月20日的资金流向数据方面，主力资金净流出1279.23万元，占总成交额15.27%，游资资金净流入 703.42万元，占总成交额8.4%，散户资金净流入575.81万元，占总成交额6.88%。 近5日资金流向一览见下表： | | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净占比 散户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-20 | 5.96 -0.50% | | -1279.23万 | -15.27% | 703.42万 | 8.40% | 575.81万 | - 6.88% | | 2025-11-19 | 5.99 -0.83% | | -414.28万 | -3.97% | 357.24万 | 3.42% | 57.04万 | 0.55% | | 2025-11-18 | 6.0 ...

Core Viewpoint - The company, Huan Shi International Logistics Holdings Limited, is launching an IPO in the Hong Kong capital market, highlighting its position as a leading private cross-border logistics provider in China, despite facing significant industry cyclicality and global trade risks [2][12]. Company Overview - Established in 2003, Huan Shi Logistics is a national 5A-level logistics enterprise offering a wide range of services including international sea and air freight, customs clearance, and end-to-end logistics solutions [3]. - The company operates a global logistics network with over 6,000 cross-border routes, covering approximately 200 countries and regions, and ranks first among private cross-border logistics service providers in China [3][4]. Financial Performance - The company has experienced significant revenue fluctuations due to the cyclical nature of the logistics industry. Revenue figures for 2022, 2023, and 2024 were $2.06 billion, $776.29 million, and $1.25 billion, respectively, with corresponding profits of $204.7 million, -$38.43 million, and $51.59 million [7][8]. - In 2023, the company’s revenue decreased by 62.3% year-on-year due to a low point in the cross-border logistics service industry, but it rebounded in 2024 with a significant increase in revenue driven by higher pricing [8][9]. Market Position and Investment - Huan Shi Logistics has attracted investments from major players such as Alibaba's Cainiao and COSCO Shipping, indicating strong market confidence in its business model [6]. - The company’s chairman and CEO, Lin Jie, holds a 31.54% stake, while Cainiao is the second-largest shareholder with a 29.34% stake [6]. Future Outlook - The company is expected to face ongoing challenges from global trade tensions and macroeconomic uncertainties, which may impact its profit performance in the near term [11]. - The ability of Huan Shi Logistics to optimize operations and manage risks will be crucial for its long-term value in a volatile market environment [12].