1、 2021 1 2021 3“”“”“”3 2021 企业使命 企业愿景2021 4 5 7 11 43 48 52 61 67 68 73 2021 營業收入（人民幣）億元616.855%加權平均淨資產收益率 億元21.6歸屬於上市公司股東的淨利潤（人民幣）78%跨境電商物流收入空運代理收入包機1,185 架次46 萬噸23%190%80%空運通道65%44%分部利潤收入應收賬款周轉天數（天）4.186.871H2020 1H202149371H2020 1H2021海運代理84%66%分部利潤收入 18%14%分部利潤收入鐵路代理 合同物流=42021 5 2021 A 1.00 57.6
2、4%622 H A 51%49%H 1.00 6 KLG KLG Europe Holding B.V.2021 1 1 2021 6 30 571 H A 36.01%7 2021 SINOTRANS LIMITED SINOTRANS 5 10 B 5 10 B 8610 52295721 8610 52295721 8610 52296519 8610 52296519 2002 11 20 43A 5 10B 100029.hk 5 10B 10 8 H(Sinotrans)0598A 601598 3 8 A 9 19B 12 97914 4821 11126 A 188 H 183
3、17 13320 F G 1 9 2021 1-6(%)61,676,723,089.91 39,693,676,126.08 39,690,976,521.76 55.38 2,162,515,209.01 1,215,350,161.87 1,215,123,919.62 77.93 1,836,195,770.32 1,087,610,969.83 1,087,384,727.58 68.83 263,421,160.87 519,563,054.18 519,158,877.57-49.30(%)31,669,015,302.57 30,448,004,705.75 30,448,00
4、4,705.75 4.01 72,679,373,118.70 65,818,698,691.93 65,818,698,691.93 10.42 1-6(%)0.2922 0.1642 0.1642 77.93 0.2922 0.1642 0.1642 77.93 0.2481 0.1470 0.1469 68.83%6.87 4.18 4.18 2.69%5.83 3.74 3.74 2.09 3 2021 616.77 55.38%21.63 77.93%2021“+N”10 3 3 56,416,309.96 127,744,862.90 2,003,925.47 169,513,98
5、4.41 35,193,514.83 7,075,471.70-13,291,824.49 34,143,432.64-5,517,706.09-86,962,532.64 326,319,438.69 3 11 2021“”1.“”12“”“”2.13 2021 15 40 13 5,200 70 10 14 3.E“”1.2021 2020 2021 5.6%(GDP)53.22 12.7%5.3%18.07 27.1%9.85 28.1%8.22 25.9%2.66 2.52 2.2127.8%26.7%34.6%14.7%13.9%12.2%15 2021 2.2021 2021150
6、.915.7%-0.5%7.3%5.7 22.8%9.3%2019 54.5%3.2021“”2021 2021 623.34%2022“CCFI”2021 6 2,483.60 2021 1-613,81815.0%856 887 831 800 800 809 817 827 822 784 815 841 928 931 900 882 838 841 861 879 966 1,052 1,125 1,446 1,906 2,063 1,914 1,896 2,180 2,484 1 月 2 月 3 月 4 月 5 月 6 月 7 月 8 月 9 月 10月 11月 12月2019年C
7、CFI2020年2021年 16 4.(IATA)2021 2019 8%2021 6 2019 6 9.9%5.9%2.1%1.6%IATA 2021 6,3102018 2021 374.3 24.6%2019 6.4%152.2201944.2%5.2021 7,377 70.743%52%14 98%6.65%2019 10.5 2020 12.5 2021 14.6 20%20212.9217 2021 3 1 32 400 200 10 4,000 300 40 652 18 3 4 AAAAA“”5 1“”IT 64619 2021 2 91194+18 3 1 AI+RPA+1
8、0%2 367 40 25 3 4 SDCC 732 5“”187%202153.22 12.7%18.07 27.1%15.0%9.2%11%20“+N”2021 616.8 55%21.6 78%12.1371 1 20 BC SDCC“”SDCC 30 20 100%35%2“E”4 4“19+34”35171%21 2021 15 1,185 393139 138419.726%44%3 9710 9810 190%104%329 726(PV)72,000187%2 KLG KLG 22 3 4PL“”“E”99%4PL 4PL+3PL 1 15 1,067 118 46.080%1
9、00%54%2 20211,730.813%90.218%3.6614%23 2021 3 2021 841 9.7 44%762 8.9 50%21.2 84%0.8166%134“E”“E”“”4 4“19+34”78%95%(EDI)169%10%2021“E”71%58%2021 117.34 100.73 16.49%4.45 3.24 37.41%2021 90.15 17.90%3.6614.40%24 單位：億元 人民幣 對外收入2020年上半年 2021年上半年專業物流電商業務代理及相關業務 專業物流單位：億元 人民幣分部利潤2020年上半年 2021年上半年電商業務616.
10、77396.9416.5812.754.4511.141.003.248.920.59代理及相關業務76.7926.23269.97422.64117.34 100.732021 422.64 269.97 56.55%11.14 8.92 24.88%1.10 44.06%0.49 37.64%0.3266.07%2021 76.79 26.23192.75%1.00 0.59 68.30%2021 75.47 189.88%0.87104.36%25 2021 代理及相關業務 單位：億元 人民幣2021年上半年2020年上半年海運代理船舶代理空運代理倉儲和碼頭服務鐵路代理其他服務海運代理船
11、舶代理空運代理倉儲和碼頭服務鐵路代理其他服務專業物流 單位：億元 人民幣2021年上半年2020年上半年合同物流冷鏈物流合同物流冷鏈物流項目物流其他服務項目物流其他服務化工物流化工物流90.1512.498.402.817.998.212.497.789.1876.473.660.240.420.050.120.310.08-0.580.163.20對外收入 分部利潤333.8037.1921.2432.3416.2220.2411.5622.3013.4517.9430.17201.973.591.780.812.231.920.770.491.761.821.071.302.49對外收入
12、分部利潤 26 1,730.8 1,533.7 327.8 260.3 160.9151.5 43.041.7 688.3 582.6 46.0 8.7 25.5 3.3 15.1 7.9 1,254.7 1,143.9 1,050.6 833.0 24,486.4 9,216.5 59.2 11.8 7.98.1 3 27 2021 1(%)61,676,723,089.91 39,693,676,126.08 55.38 58,854,170,153.96 37,418,226,955.14 57.29 465,252,690.83 393,373,867.49 18.27 1,398,7
13、83,034.89 1,173,651,357.16 19.18 66,020,398.33 52,979,013.84 24.62 176,420,746.21 185,474,787.89-4.88 263,421,160.87 519,563,054.18-49.30-116,279,213.81-1,137,948,038.18 1,251,400,873.42-246,727,547.92 28 KLG 2 1 3 2 6 306 2021 2020 263,421,160.87 519,563,054.18-116,279,213.81-1,137,948,038.18 1,251
14、,400,873.42-246,727,547.92-49,245,788.79-23,805,980.64 1,349,297,031.69-888,918,512.56 12,641,732,789.00 9,500,990,854.27 29 2021 2021 6 30 6 2.63 5.20 2.56 627.33 395.33 585.23 351.34 42.10 43.98 1.88 4.88 2021 6 30 6-1.16 5.02 0.40 0.53 3 1.36 0.350.04 2020 6 30 6-11.38 6.78 0.56 5.22 0.05 0.03 0.
15、51 0.46 0.220.07 2021 6 30 6 12.51 44.20 20.00 0.61 25.48 20.00 1.750.484.17 30 2020 6 30 6-2.47 15.51 0.53 0.40 12.46 2.15 3.28 0.590.43 3 1 16,815.24 CHINA MERCHANTS LOGISTICS SYNERGY LIMITED 1,000“”18,570.91 HK.02618 2021 6 30 42.30 16,811.362 4,502.52 1,388.833,113.69 31 2021 3 1.(%)(%)(%)831,14
16、4.19 0.00 303,292,565.44 0.46-99.73 31,270,273.56 0.04 50,643,103.40 0.08-38.25 14,338,201,560.07 19.73 11,020,529,018.23 16.74 30.10 4,157,004,618.97 5.72 2,708,263,877.18 4.11 53.49 458,813,068.84 0.63 258,945,064.36 0.39 77.19 2,354,865,609.64 3.24 502,472,110.58 0.76 368.66 42,700,000.00 0.06 25
17、,717,690.68 0.04 66.03 2,696,495,337.97 3.71 1,681,611,338.42 2.55 60.35 2,170,085,347.25 2.99 6,251,548,647.08 9.50-65.29 1,997,057,534.25 2.75 392,814,348.11 0.54 196,349,994.80 0.30 100.06(1)3(2)(3)(4)(5)32(6)20(7)(8)20208.88(9)20(10)20(11)2 2.3(1)19,053,694,290.6526.22%(2)3 3.3 7,872.42 1,170.44
18、5,930.81“181”“”29 2015 6 26 2021 6 3033 2021 5,023.32 3,049.7625 4.3 1.3 88.17 77.52 10.66 13.75%9.160.93(1)3(2)3 34(3)3 223,636,365.50 223,636,365.50 177,335,730.80-2,001,769.77 175,333,961.03 14,342,510.79 14,342,510.79China Merchants Logistics Synergy Limited Partnership 165,458,129.82-1,867,695.
19、14 163,590,434.68 20,250,924.68 188,364,481.47 147,747,600.00 147,747,600.00 91,441,143.61 91,441,143.61-50,481,143.61-50,481,143.61 46,890,242.29 17,318,757.81 64,209,000.10-14,616,171.92-14,616,171.92 33,730,000.00 33,730,000.00 8,122,321.98 8,122,321.98 8,076,871.60 8,076,871.60 13,528,759.93 14,
20、365,293.06 2,896,775.00 2,896,775.00 2,915,905.46-137,116.11 2,778,789.35 145,800.00 805,325.00 805,325.00 666,498.09 666,498.09 31,579.71 400,000.00 400,000.00 134,680.92 134,680.92 123,831.36-1,397.81 122,433.55-123,831.36-122,433.55 100,000.00 100,000.00 1,060,000.00 100,000.00 100,000.00 46,500.
21、00 46,500.00China Merchants Port Holdings Company Limited 7,250.64 1,143.36 8,394.00 18,816.71 24,672.39 300,000,000.00 300,000,000.00 0.00“20ABN001”2,500,000.00 2,500,000.00 0.00 155,754.62 1,213,135,172.07 17,318,757.81-4,006,835.47 302,500,000.00 923,947,094.41-17,080,134.78 151,908,788.34 1,361,
22、554.62 35 2021 3 3 1(%)1,444,000,000.00 100.00 2,062,794.38 729,567.97 783,720.49 22,303.25 905,481,720.00 100.00 1,352,998.97 1,019,792.78 1,085,929.66 111,455.12 1,349,668,931.90 100.00 933,164.56 372,202.46 667,782.32 17,376.46 1,120,503,439.18 100.00 738,268.49 259,691.62 1,594,849.55 22,794.72
23、645,339,941.77 100.00 535,722.41 176,413.47 681,359.94 15,062.28 36 2(%)1,450 50.00 754,249.47 486,398.90 1,015,782.00 183,269.17 101 45.00 675,486.61 386,325.45 92,867.75 20,643.60 40,000 30.00 77,516.39 56,910.99 7,969.79 3,656.21 3“”“+”01 0203 04全網運營產品 網絡模式 平台全網運營加強水運、陸運、空運、汽運和多式聯運通道建設，打造強有力的國內和海
24、外兩端標準化集疏運能力，並加強與重點承運人合作，增強幹線端服務能力和議價能力，推進主營業務線上化建設，形成互聯互通、線上線下一體化、穩定高效的端到端通道服務體系，形成支撐全網運營的能力基礎，奠定主營業務產品化的基石。以全網運營為主線，統籌線上網絡的構築和生態的拓展。圍繞垂直電商平台建設工作，實現各基礎服務環節統一操作流程、服務標準、運營制度、營銷策略，輸出穩定、統一、可預知的服務，並經由統一線上入口為客戶提供服務，實現產品在線交易、支付與交付，實現線上線下一體化運營。加快運易通公共平台建設，廣泛鏈接產業互聯網，聚集生態伙伴、根據產業需求整合服務要素，實現開放、共享的生態化發展，創造全鏈價值。以
25、客戶為中心，基於通道服務能力和運營體系，通過對標準化、模塊化服務的組合，聚焦成本、效率、體驗和確定性服務，形成全網產品解決方案，並持續迭代創新，滿足客戶群、市場的需求和體驗，塑造代理及相關業務、專業物流和電商業務核心競爭力，擴大市場份額。聚焦全網運營目標，以數字化轉型為抓手，重構業務、重塑運營和重建組織，形成物流提供商、整合商和平台商三位一體的商業模式。37 2021 2021“”“+N”“”1 6 SDCC“”3 1210 9710 9810 2B/2bPreA2 RPA 38 3“”“”KLG 3 2021 1 2021 39 2021 2“+N”3 40 4 5 3 1 2018 5 3
26、1 2018 2018 4 182018 10 8 2019 1 10 1,351,637,231 A 353,600,322 A 1:3.8225 1,351,637,231 A 5.24 3,904,279,644 A 2019 1 18 A 5,255,916,875 41 2021 2 4.5 3.12 44.13%3 2021 6 30 6 5.87 3.56 0.241.65 0.414 2021 6 30 3.752 13 14 5 2021 6 30 2.67 2020 12 31 0.66“”“2”6 2021 6 30106.87 2020 12 31 89.89 28.4
27、2 4.13 17.22 57.12.22 2021 6 30 33.94 2020 12 3134.21 13.972021 6 3027 36 37 7 4(6)42 8 2021 6 3053.84%2020 12 31 51.00%2021 6 309 2021 6 30 6 6.9461 10 2021 6 3033,241 2020 12 31 34,628 2021 6 30 423,974.539,615858,285 633,156.92 31 11 2021 6 306 12 43 2021 2020 2021 6 10()(.hk)2021 6 11 2021H 2021
28、A 3 3 1 2021 6 10 2020 2021 H 2021 A“”2 2020 1 2020 2 2020 3 2020 4 2020 5 2020 6 2021 7 2020 8 2021 9 2020 10 11 12 13 14 H 15 16 2021 17 18 19 14 44 3 3 1 2021 4 282021 4 282 2021 6 10 2020 2021 6 103 2021 8 242021 8 254 2021 8 242021 8 25()(.hk)10 0 10 0 10 0 45 2021 2020 2020 2021 6 10 2020 7,40
29、0,803,875 2020 10 1.2 1 0.12 888,096,465.00 2021 7 28 3 3 3 3 3 2021 1 1 2021 6 30 46 2021 6 10 2020 2021 6 11 3“”25 2021 6 10 13.51B 2021 6 30 2021 6 30 3 2021 6 306 47 2021 2021 6 30 1 2021 6 30 1 2021 6 303 9 2021 1 1 2021 6 30 48 3 3 1.3 2.3 3.3 3 49 2021 3 2021 3 2021“”“”“”“”“”LNG 50“”4.0568 0.
30、71%3 2021“”“”5 51 2021 900 2021 2021 6 3 613 1.500 8 102.“”170(8)2 225 9 10 3,3003.“27”52 3 3 3 3 3 3 3 53 2021 3 3 2021 6 30 6 1 3 2 3(1)2020 10 28 2021 1 1 2023 12 31 2021 25202232.5202342.25 2021 35 2022 45.5 2023 59.15 2021 6 30 6 4.6611.33 54(2)2020 10 28 2021 1 1 2023 12 31 2021 2021 1-6 2022
31、2023 57,000 13,520.43 62,700 68,970 4,000 621.31 4,600 5,290 1,500 302.63 1,700 1,930 20,000 4,059.28 23,000 26,450(3)2020 10 28 2021-2023 40 50 2021 6 30 7.112.3555 2021(4)2020 10 28“”“”“”“”4 2021 1 1 2023 12 31 2021 2021 2022 2023 16,000 2,296.63 19,000 22,500 3,000 189.71 3,500 4,500 8,000 797.03
32、 9,500 11,500 27,000 3,260.55 32,500 39,000 12,000 807.84 14,500 17,500 2020 12 22()(.hk)2020 10 282020 12 223 3 1 3 56 2 3 3 3 4 3 1 3 2 3 3 3 1 3 57 2021 2 3 3 3 4,941,381,973.27-563,065,507.07 4,378,316,466.20 751,253,023.57 518,867,809.57 1,270,120,833.14 683,315,500.68 273,399,612.07 956,715,11
33、2.75 602,930,411.06-109,445,764.27 493,484,646.79 11,548.09-11,548.09 0.00 500,551.32-500,551.32 0.00 5,624,709,022.04-289,677,443.09 5,335,031,578.95 1,354,683,985.95 408,921,493.98 1,763,605,479.93 3 2020 10 28 2021 1 12023 12 31 50 100 2,000 2021 6 30 6 47.81 3.11 77.81 2020 12 22()(.hk)2020 10 2
34、8 2020 12 22 58 1.3 5,000,000,000.00 1.495%3.8%4,782,890,960.94-546,481,889.86 4,236,409,071.08/4,782,890,960.94-546,481,889.86 4,236,409,071.08 2.3 10,000,000,000 1.20%3.85%106,012,534.37 7,880,049.23 113,892,583.60/106,012,534.37 7,880,049.23 113,892,583.60 3.3 8,000,000,000.00 802,490,325.19 4.3
35、3 3 59 2021 1 3 2 3 98,184,899.1 2019 7 1 2019 7 1 2037 7 1 0.00 2015 8 27 2015 8 27 2021 1 9 9,815,779.33 2016 6 6 2016 7 1 2021 6 30(A)110,360,678.43(B)4,688,979,176.58(A+B)4,799,339,855.01(%)14.31(C)70%(D)1,980,398,000.0050%(E)(C+D+E)1,980,398,000.00 1 2021 6 3051.29 2 2021 6 302,360,000.00 3 202
36、1 1 9 4 2021 7 1 60 3 3 3 1 2021 7 23 100 20 21 01 5 3.15%3.16%61 2021 1 2 3 3 3 4 3 3 51,913 51,788 A 125H 62(%)0 2,472,216,200 33.40 2,461,596,200 0 HKSCC NOMINEES LIMITED 273,000 2,107,560,399 28.48 0 0 1,600,597,439 21.63 1,442,683,444 0 104,756,204 207,013,854 2.80 0 0 DEUTSCHE POST BETEILIGUNG
37、EN HOLDING0 35,616,000 0.48 0 24,999,965 24,999,965 0.34 0 0 18,673,845 23,256,938 0.31 0 0 2,736,584 16,745,003 0.23 0 0 3,936,900 11,093,800 0.15 0 0 500(LOF)-928,100 10,609,944 0.14 0 0 63 2021 HKSCC NOMINEES LIMITED 2,107,560,399 2,107,560,399 207,013,854 207,013,854 157,913,995 157,913,995DEUTS
38、CHE POST BETEILIGUNGEN HOLDING 35,616,000 35,616,000 24,999,965 24,999,965 23,256,938 23,256,938 16,745,003 16,745,003 11,093,800 11,093,800 10,620,000 10,620,000 500(LOF)10,609,944 10,609,944 64 3 1 1,442,683,444 2022 7 18 0 12 2,461,596,200 2022 7 18 0 1 1 A 2019 1 18 2022 1 17 H A A A 2019 1 18 A
39、 A 2022 7 1765 2021 2021 6 30 XV 2 3 336 H 1 4,072,813,639(L)A 55.03%192,978,000(L)H 2.61%8.997%Pandanus Associates Inc.2 321,164,000(L)H 4.34%14.97%Brown Brothers Harriman&Co.3 193,235,892(L)H 2.61%9.01%193,235,892(P)H 2.61%9.01%FIDELITY FUNDS 4 150,133,732(L)H 2.03%7.00%LSV ASSET MANAGEMENT 5 172,
40、161,000(L)H 2.33%8.03%(L)(P)(1)2021 6 30 57.64%1,600,597,439 A 2,472,216,200 A 192,978,000 H 192,978,000 H 106,683,000 H Sinotrans Shipping Inc.500,000 H 85,795,000 H(2)Pandanus Associates Inc.321,164,000 H 47,248,000 H(3)Brown Brothers Harriman&Co.Brown Brothers Harriman&Co.193,235,892 H(4)FIDELITY
41、 FUNDS FIDELITY FUNDS150,102,000 H 31,732 H(5)LSV ASSET MANAGEMENTLSV ASSET MANAGEMENT126,518,500 H 45,642,500 H 66 2021 6 30 336 XV 2 3 3 3 3 3 3 2021 6 30 XV 7 8 352 3 2021 6 306 67 2021 3 68 3 3 3 1.(%)20161603 136654 2016 8 24 2016 8 24 2021 8 24 13.5 2.94 2016 8 24 2019 8 23 3.70 2019 8 24 2021
42、 8 23 2021 2101 188446 2021 7 23 2021 7 26 2026 7 26 20 3.15 3 3 3 3 69 2021 2.3 3.3 4.3 5.3 2021 3 2“16 01”20.64 2021 8 24“1603”13.9995 70 3 1.(%)202121MTN001102101041 2021 6 7 2021 6 9 2024 6 9 20 3.50 3 3 3 2.3 3.3 71 2021 4.3 5.3 10%3 72 3(%)1.32 1.16 13.79 1.32 1.16 13.79(%)53.84 51.00 2.84 1-6
43、(%)1,836,195,770.32 1,087,610,969.83 68.83EBITDA 0.24 0.18 33.45 13.79 6.88 100.31 4.97 4.91 1.12EBITDA 18.91 10.63 77.89(%)100.00 100.00 0.00(%)100.00 100.00 0.00 EBITDA EBITDA30%3 73 2021 6 30 2021 2021 6 30 2020 12 31 1 12,720,456,959.30 11,369,322,581.85 2 831,144.19 303,292,565.44 3 31,270,273.
44、56 50,643,103.40 4 14,338,201,560.07 11,020,529,018.23 5 593,780,716.50 577,786,410.97 6 4,157,004,618.97 2,708,263,877.18 7 1,821,920,768.28 1,593,167,531.67 7 65,748,876.61 44,020,348.80 8 71,511,940.49 81,759,661.09 8 31,275,570.77 29,011,779.44 8 27,633,880.70 38,479,091.01 9 13,325,000.00 12,32
45、5,000.00 10 546,314,663.70 540,085,070.29 34,294,617,645.06 28,257,174,820.12 11 59,784,162.01 63,372,794.47 12 8,817,159,819.27 7,751,580,775.52 13 22,442,164.66 21,605,631.53 14 1,052,582,573.91 871,156,840.33 15 2,163,554,189.34 2,204,247,204.69 16 12,924,688,606.20 12,442,176,585.16 16 21,309,75
46、3,641.86 20,530,548,181.93 16 8,362,082,463.69 8,065,475,001.23 16 22,982,571.97 23,009,285.22 17 1,876,862,197.21 2,678,713,748.77 18 2,080,875,808.53 2,288,566,739.29 19 6,190,265,826.41 6,134,410,069.01 20 130,569,064.98 131,900,907.13 21 2,187,567,229.01 2,278,747,212.67 22 210,895,431.32 208,28
47、4,268.95 23 208,695,331.95 227,816,029.93 24 458,813,068.84 258,945,064.36 38,384,755,473.64 37,561,523,871.81 72,679,373,118.70 65,818,698,691.93 74 2021 6 30 2021 6 30 2020 12 31 27 2,354,865,609.64 502,472,110.58 28 42,700,000.00 25,717,690.68 29 13,063,341,150.67 10,691,734,667.49 30 3,597,294,1
48、18.23 2,787,963,766.90 31 1,432,597,395.22 1,658,444,322.93 31 1,221,471,124.72 1,449,280,516.71 31 17,605,967.42 550,903.92#32 424,935,432.83 482,450,266.69 32 418,005,616.06 469,651,680.17 33 2,696,495,337.97 1,681,611,338.42 33 965,981,428.15 50,028,253.71 34 2,170,085,347.25 6,251,548,647.08 35
49、197,711,315.62 205,522,931.03 25,980,025,707.43 24,287,465,741.80 36 8,110,695,067.93 6,256,458,851.14 37 1,997,057,534.25 38 1,627,621,441.20 1,800,066,318.62 39 216,712,508.22 196,455,630.50 40 2,623,380.55 2,681,752.27 41 193,852,870.15 231,187,267.06 42 409,022,868.14 416,551,170.88 23 199,115,8
50、23.89 180,703,468.18 43 392,814,348.11 196,349,994.80 13,149,515,842.44 9,280,454,453.45 39,129,541,549.87 33,567,920,195.25 75 2021 2021 6 30 2021 6 30 2020 12 31 44 7,400,803,875.00 7,400,803,875.00 45 6,072,184,122.09 6,072,104,617.90 66-192,025,281.03-112,613,046.75 66-272,095,591.68-250,714,569
