证券代码：603871 证券简称：嘉友国际 公告编号：2024-038 嘉友国际物流股份有限公司 2024 年度"提质增效重回报"行动方案 为深入贯彻党的二十大和中央金融工作会议精神，落实国务院《关于进一步 提高上市公司质量的意见》的要求，积极响应上海证券交易所《关于开展沪市公 司"提质增效重回报"专项行动的倡议》，嘉友国际物流股份有限公司（简称"公 司"）践行"以投资者为本"的理念，围绕经营提质、创新增效、回报股东、规 范运作等方面，制定了 2024 年度"提质增效重回报"行动方案，具体内容如下： 一、公司发展现状 公司从成立至今，始终坚持以发展陆锁国家及区域的跨境物流为核心竞争力 的战略定位，在中蒙、中亚、非洲等区域投资物流基础设施、海关监管场所、保 税仓、跨境运输车队、通关和装卸团队，在全球范围内整合海陆空铁运输及港口 中转、仓储、通关等物流资源，形成长期可持续性发展的国际物流网络，为客户 提供差异化、专业化、信息化的一站式物流服务。近年来，公司不断更新复制跨 境物流产品，扩大国际业务市场份额，发挥品牌优势，实现经营业绩的稳定增长。 2024 年，公司将进一步结合国内外市场环境与自身特点，以辐射内陆国家 ...

021-38003630 | --- | --- | |-----------------------------------|------------| | | | | [Table_ 相关研究： DocReport] | | | 嘉友国际（ 603871.SH ） :Q1 | 2024-04-24 | | 业绩超预期，增长逻辑延续 | | | 嘉友国际（ 603871.SH ） : 筑 | 2024-02-03 | | 巢引凤拓宽供应链，区域扩 | | | 张打造增长点 | | [Table_PageText] 嘉友国际|公告点评 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|--------------|--------|------------------------|-------|-------|-------|-------|-------| | 留存收益 | 1,744 | 2,534 | 3, ...

然后第二个可能就想重点先聚焦一下蒙古地区的一个发展情况。因为我们看到从干细胞多的口 岸上来讲，今年在去年高基数的情况之下，通车量依然保持着非常不错的增长。第二个是公司 今年整体的提货节奏，应该也是在一个加速的过程。也想请孟总简单跟大家分享一下今年通车 量的增长背后的驱动因素，包括对于未来下半年以及对于中期，我们对于整个通关量是怎么样 的一个展望。 因为不像疫情，已经摆脱了疫情期间的联一种非常的不确定性，这是这种情况对于像家有这样 的长期做这个跨境物流的公司来讲，是一个非常好的。也正好可以把我们这样专业化的公司的 能力，专业正规这样的公司的能力能够发挥出来。所以再加上家有是在这个，蒙古市场，现在 发言人 12:03 发言人 14:00 发言人 15:42 发言人 17:09 发言人 18:22 发言人 20:11 这个也是我们其实我们在大物流上面，应该说在中非市场的展望空间是非常大的。在这个一季 度和二季度，尤其是二季度，其实通过收购的这个车队，我们使得我们整个非洲的跨境物流业 务，不只是说道路和口岸，道路和口岸是独立的一个收费。这种互动以后能够产生的大物流的 效益，实际上增量还是比较大的。 | --- | | ...

好的 那个 今天下午我们也是很荣幸在这个 发布中高业绩预告以后第一时间请到公司的两位高管参加业绩预定的交易电话会我先介绍一下今天参会的是佳育国际的总裁孟总还有我们的董事会秘书聂总两位领导我顺便也讲一下就是因为我们长盛交易团队也是持续在推进欧洲大航海时代的系列报告然后昨天我们也是发布了 这个系列之六同时也是加油国际的第二篇时报报告这个报告的名字叫做加油国际的非洲篇龙城万里探飞鹿翻山越海开天图然后最快的话因为后续我们会在单独做电话会议去 这个汇报这篇报告的一个情况所以今天因为主要是请了两位领导来跟我们做一个线上的一个通报的一个预争情况的一个分享就不具体讲这块的内容了然后因为今天昨天这个通报业绩预告的内容也展示的比较明确所以我们这边的话可能就今天主要进这个问答然后就是看大家有什么问题因为我们也看到昨天根据加油国际发布的这个通报的话 我们的20年上半年的利润大概是同比增长了48%到58%单二季度的话基本上也在这个区间范围就是45%到62%的增速确实是怎么说增长速度还是挺超额稍小于7的这样的一个情况接下去我们就直接进问答要不麻烦惠毅秘书你播报一下提问方式大家如果有需要提问的可以直接按意思音来推销 大家好如需提问电话端的 ...

Investment Rating - The report maintains a "Buy" rating for the company [6][5]. Core Insights - The company is a leader in cross-border transportation under the "Belt and Road" initiative, focusing on logistics infrastructure in Mongolia, Africa, and Central Asia, establishing strong barriers in logistics, trade, and resource collaboration [2][12]. - The report emphasizes the competitive strength and growth potential of the company's African operations, particularly in the Democratic Republic of the Congo (DRC), where abundant copper and cobalt resources are expected to drive rapid growth in transportation volumes due to the expansion of Chinese mining enterprises [2][31]. - The company's logistics assets in Africa are anticipated to accelerate performance, with significant growth in profitability expected from the acquisition of a major trucking company in Zambia and ongoing projects [5][57]. Summary by Sections Introduction: Restructuring Supply Chains in Africa - The global supply chain is being reshaped, with a focus on securing energy and strategic mineral resources from "Belt and Road" countries, including Russia, Mongolia, and the DRC [12][22]. DRC: A Rich Resource Base - The DRC is rich in copper and cobalt, becoming the world's largest producer of cobalt and the second-largest producer of copper in 2023. The country relies heavily on exports, with mining products constituting 91.9% of its total trade [31][32]. - Chinese companies, such as Zijin Mining and Luoyang Molybdenum, are significant players in the DRC's mining sector, with production expected to grow at a compound annual growth rate (CAGR) of over 15% in the next two years [31][91]. Transportation Resource Challenges - The DRC faces severe transportation challenges due to inadequate infrastructure, with most roads in poor condition and limited railway capacity. The company is addressing these issues through strategic projects like the Kasai project, which aims to enhance logistics efficiency [71][76]. Moving Towards Africa: Expanding Logistics Models - The company is replicating its successful logistics model from Mongolia to Africa, with the Kasai project becoming a crucial logistics hub. The project is expected to significantly increase profitability, with a reported gross profit growth of 242% in 2023 [78][80]. - Ongoing projects in Zambia and the DRC are set to create an integrated transportation network, enhancing the company's operational capabilities in the region [79][83]. Investment Recommendations - The report suggests that the company's African operations are poised for accelerated performance, with a robust network expansion expected to drive growth [47][5].

Investment Rating - The report maintains a "Buy" rating for the company [1]. Core Insights - The company expects a significant increase in net profit for the first half of 2024, projecting between 746 million to 796 million RMB, representing a year-on-year growth of 48%-58% [1]. - The growth is driven by expanding business scales in markets such as Mongolia, Africa, and Central Asia, with notable increases in trade volumes and logistics operations [1]. - The company has secured a long-term coal supply agreement with MMC, enhancing its competitive edge in the coal trade [1]. - The acquisition of BHL, Zambia's largest trucking company, is expected to enhance logistics capabilities and operational efficiency in Southern Africa [1]. Summary by Sections Financial Performance - The company forecasts net profits of 1.45 billion, 1.65 billion, and 1.86 billion RMB for 2024, 2025, and 2026 respectively, up from previous estimates of 1.30 billion, 1.51 billion, and 1.69 billion RMB [1]. - Revenue is projected to grow significantly, with expected figures of 10.21 billion RMB in 2024, 11.11 billion RMB in 2025, and 11.77 billion RMB in 2026, reflecting growth rates of 45.94%, 8.79%, and 6.01% respectively [4]. Market Expansion - The bilateral trade volume between China and Mongolia reached 51.9 billion RMB in the first five months of 2024, a 14.9% increase year-on-year, contributing to the company's logistics growth in the region [1]. - In Africa, the Kasalu Port project has seen steady growth in vehicle and cargo traffic, further boosting revenue [1]. - The trade volume between China and Central Asia reached 259.6 billion RMB in the same period, with a 14.8% year-on-year increase, benefiting the company's operations in the region [1]. Strategic Developments - The company has implemented a "resource + trade + logistics" business model in the Mongolia market, which has proven effective in securing stable coal supplies [1]. - The acquisition of BHL is part of a strategy to expand logistics capacity and optimize transportation routes across Southern Africa [1].

Investment Rating - The report maintains a "Buy" rating for the company, with an expectation of a price increase of over 15% in the next 6-12 months [1]. Core Insights - The company's performance in the first half of 2024 showed significant growth, driven by increased business scale in markets such as China-Mongolia, Africa, and Central Asia. The bilateral trade volume between China and Mongolia reached 51.9 billion RMB, a year-on-year increase of 14.9% [1]. - The company has established a long-term cooperation agreement with MMC, Mongolia's largest high-quality coking coal producer, to secure a stable supply of 17.5 million tons of coal over ten years, enhancing its core competitiveness [1]. - The acquisition of 80% of BHL, Zambia's largest trucking company, is expected to expand the company's logistics capabilities in Southern Africa, optimizing transportation routes and increasing cross-border vehicle utilization [1]. Summary by Sections Performance Review - The company reported a significant increase in performance for the first half of 2024, with a projected net profit of 7.46 to 7.96 billion RMB, representing a year-on-year growth of 48%-58% [1]. - The second quarter net profit is expected to be between 4.4 to 4.9 billion RMB, showing a year-on-year increase of 45%-62% [1]. Financial Forecast and Valuation - The net profit forecast for 2024-2026 has been raised to 1.45 billion RMB, 1.65 billion RMB, and 1.86 billion RMB, respectively, from previous estimates of 1.30 billion RMB, 1.51 billion RMB, and 1.69 billion RMB [1].

上 市 公 司 证 券 研 究 报 告 交通运输 2024 年 07 月 09 日 嘉友国际 (603871) ——中报业绩超预期，"一带一路"战略红利持续释放 | --- | --- | |-----------------------------|-------------------------------| | 市场数据： | 2024 年 07 月 09 日 | | 收盘价（元） | 17.20 | | 一年内最高/最低（元） | 29.90/15.21 | | 市净率 | 3.2 | | 息率（分红/股价） | 2.91 | | 流通 A 股市值（百万元） | 16,807 | | 上证指数 / 深证成指 | 2,959.37/8,705.94 | | | | | --- | --- | |------------------------------|------------------------| | | | | | | | 基础数据 : 2024 | 年 03 月 31 日 | | 每股净资产（元） | 7.44 | | 资产负债率 % | 22.34 | | 总股本/流通 A 股（百万） ...

嘉友国际物流股份有限公司 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。 本期业绩预告适用于实现盈利，且净利润与上年同期相比上升 50%以上 的情形。 （一）业绩预告期间 经嘉友国际物流股份有限公司（简称"公司"）财务部门初步测算，预计 2024 年半年度实现归属于母公司所有者的净利润 74,551.34 万元到 79,588.59 万元， 与上年同期相比，将增加 24,178.81 万元到 29,216.06 万元，同比增长 48%到 二、上年同期经营业绩和财务状况 三、本期业绩预增的主要原因 （二）非洲跨境物流市场业务发展拉开序幕。公司将中蒙口岸多年运营核心 物流资产及提供关联服务的经验向非洲市场复制升级。2024 年上半年，非洲刚 果（金）卡萨陆港项目车流、货运量稳步增长，同时，公司在完成非洲本土知名 跨境运输企业的收购后，进一步深化非洲内陆运输业务网络布局、扩张车队规模、 优化运输路线、建立中南部非洲不同国家的配货物流节点，以多种方式提高跨境 车辆配载率，打造公路、口岸、物流节点、港口一体化的中南部非洲运输网络。 非洲 ...

证券代码：603871 证券简称：嘉友国际 公告编号：2024-035 嘉友国际物流股份有限公司（简称"公司"）第三届监事会第十八次会议于 2024 年 6 月 24 日以电子邮件、专人送出方式发出通知和资料，于 2024 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。 表决情况：同意 3 票，反对 0 票，弃权 0 票。 表决结果：通过。 公司 2022 年员工持股计划所持标的股票分三期解锁，第一个锁定期于 2024 年 6 月 27 日届满。具体内容详见公司在上海证券交易所网站披露的《关于 2022 年员工持股计划第一个锁定期届满暨解锁条件成就的公告》。 嘉友国际物流股份有限公司 第三届监事会第十八次会议决议公告 二、监事会会议审议情况 1、关于 2022 年员工持股计划第一个锁定期届满暨解锁条件成就的议案 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 ...