中国外运二零二五年中期报告

20250.1457,272,197,87594,714,1811,040,735,135.63 ✔ ✔ 2025 20254 57135360718093 1.2.3.4.2025 2025年上半年亮點 SINOTRANS LIMITEDSINOTRANS 510B8610 522957218610 52296519ir@sinotrans.com 510B8610 522957218610 52296519ir@sinotrans.com 200211 205101221011101202311www.sse.com.cn(www.hkexnews.hk)20231127510B100029www.sinotrans.comir@sinotrans.com (www.zqrb.cn)(www.stcn.com)www.sse.com.cnwww.hkex.com.hk510B10 ✔ ✔ 505.2310.42% 19.4713.9822.30% 1.6816.50 ✔ ✔ 1––1 ✔ ✔ 1 2 5016 70 11 3 B2CB2B– ✔ 1 (IMF)20253.0% 2025(GDP)66.055.3%20253.031.8%1.815.9%1.223.9%1.573.5%51.8%0.91.088.2%60%1.212.7% 20251–610.4%10.9%8.7%20250.9%2.7% 2 20252++38202710%4 3 20251–6171.35.6%GDPGDPGDP0.3 5.8%85%8.9%10.9%9.7%5G10% 4 4Alphaliner63,200TEU5–62025CCFI1,252.638% 20251–61.73TEU6.9%8.5%89.034%1.8% 5 (IATA)(CTKs)202460.8%1.6%9.0%8.3%ACTKs202461.7%2.8%1–430%59061–456 2025478.414.6%203.723.4% 6 20259,3103.3%96.47.4%202561112822971488%1730% 7,34924.7%56.5331.8%11.9911%2.28350.5% 7 GDP20204.5%20246.7%20251.325.7%6.1%+ 2025(IMF)20253%GDP5.3%1.8% 505.2319.47 1 2 REITs––REIT16.16% 3 CRM 18.1%–GCC 5 AI+3001+N65AI+AI+21100MW138%13% 2025143.235.86%3.1822.35% 2025296.2815.49%12.151.23%2025 202565.717.28%0.7236.71% 20252,421.82,492.6341.4330.2203.3185.9 2025791.2744.945.84.753.312.021.428.436,32731,6471,278.71,149.6 20253,163.411,702.7189.8127.08.58.4 ✔ ✔ 321,300460260114,4004572 2025AAAAA AI+AI+AI+AI3001+N 20252115.05MW 20%2.6 2 ✔ ✔ ✔ 202410.4 20 2 ✔ (1)210.3225.98%(2)✔ 3 ✔22 4✔ 1 ✔ 101.4692.49.81%–2.62 (1)✔(2)✔(3)✔ ✔ 2025626CITICCapital Maneuver Holdings LimitedCITIC Capital ManeuverFV Pallet Leasing HoldingLtd.FV PalletMIC Industrial Investments 4 RSC LTD.MICMIC25%CITIC Capital Maneuver3%FV Pallet2%56,659.50405,795.34202562617.1620CITIC Capital ManeuverFV Pallet47,216.25338,162.785,665.9540,579.533,777.3027,053.0220%MIC30%CITIC Capital Maneuver30%FV Pallet20%MICCITIC Capital ManeuverFV PalletMICCITIC Capital Maneuver 17.9344.4233.8210.60 ✔ 10% ✔ 10 ✔ ✔ 1. 2. 3. 4. 5. • • • • ✔ 1. 4.864.1417.34% 2 8.304.261.801.650.59 3 20256301.48212 4 20256301.11202412311.482. 5 202563047.882024123167.9223.822.0715.606.3923.27 20256 3040.66202412 3120.300.49 20256 30243334 6 3.22 7 20256 3047.04%202412 3145.54%2025630 8 6.8560 9 202563031,586202412 3131,766 555,68629,940247,422653,325.81 2837 10 (1) 2024202520250.1457,272,197,87594,714,1811,040,735,135.63202553.45%20252025202514.94202576.7%(www.sse.com.cn)2025 AHH202520258 251.00=1.09810H20250.1592220251020 20259 17H20259122025917H2025911H1831717121716 (2)H 200811H10% H20117410%10%H10% HHHH H[2016]127HH20%HH 11 12 (1)A 20242024A2024H20241115A1227,10054,200A7.43AA 76,873,414A20256301.05%A1.46%A (2)H 20232024A2024H202467HH203,830,000 18,964,000H20256300.26%H0.93%H H2025729 132024 202471720242024 20241,056.2122.782025505.2319.50 AI+2024AIAI+AI+1,500300235428 20240.29202420.92202420242024202421.62202455.2%20247A8,8254.48H2,2027,9912024720400IR 20247 ESG2024GLEC4309202521100MW138%13%ESG11ESG ✔ 120254 32025202543 220255720256302025 320256 52024 4202532025314 520253202531420256202566 6202552025512 () 100101.45100 .– 10. 2024 2024202565202420247,294,216,87594,714,181A22,019,000H20240.14510.382025721 2024101520240.14510.54 20240.2920.92202420242024202421.62202455.2% ✔ 20252381.21 20253 2816420,431,890 2022124 ✔ ✔ ✔ ✔ 20251120256 30C1 939 3202563011 13.51B 20256 3012024 20253142025662025432025731 20256 30320256306 20256 302 20256 305 2025314202543 20256 3039 C32025112025630 ✔ ✔ ✔ 2025 •650 •60230 •16010060 •30 ✔ 1 2 3 4 5 610% 7AA2025117(www.sse.com.cn)(www.hkexnews.hk)2021102720211111202111 30 8 930 10180 11 12H 132019115(www.sse.com.cn)A2018 ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ 1 ✔ 2 ✔ (1)202310 2620241120261231 (2)202310 262024–20266010020251–618.815.76 202312 15(www.sse.com.cn)(www.hkexnews.hk)2023102620231215 3 ✔ 1✔ 2✔3✔4✔ 1✔2✔3✔ 1✔ 2✔ ✔ 202310 262024112026123120242026601002,00059.191.764.93 20231215(www.sse.com.cn)(www.hkexnews.hk)2023102620231215 1 ✔ 2 ✔ 3 4 ✔ ✔ ✔ ✔✔ ✔ ✔ ✔ 1 2 ✔ 3✔ 4 ✔ 202411292025122H22,019,000202572922,019,0007,272,197,875(www.sse.com.cn)(www.hkexnews.hk)2025729 ✔ 50,497A50,374H123 2025623142,732,000HHKSCC NOMINEESLIMITED 5%✔✔✔ 20256 30XV23336 (L)–(P)– (1)20256 3059.20%1,600,597,439A2,525,339,831A106,683,000H85,795,000H(2)Pandanus Associates Inc.203,410,000H26,859,000H(3)142,732,000H(4)LSV ASSET MANAGEMENTLSV ASSET MANAGEMENT110,886,600H31,687,000H 2025630336XV23 ✔ ✔ 20253A ✔ 20256 30XV78352 22022125898,800300,0002024327202532889,600 3202531420256620221251,286,800428,934100,0002024327328,933 XV78352 ✔ ✔ ✔ 2 ✔ 3 ✔ ✔ 1 2 ✔ 3 (1) (3)✔(4)✔(5)✔(6)✔ ✔ ✔1✔2✔3✔4✔5✔ 6✔ 7✔ ✔ 24234025K120.00 8✔ 9✔ 10✔ 11✔ ✔ 1 (1)0.3205✔0.3202(2)0.07%10%✔(3)✔ 2 (1) 1.1 45.8149.768.62% 20.35020.31 1.2 114.30122.617.28% 20.35020.31 1.30 (2)1,000✔ (3)✔