嘉泓物流二零二五年年报
2461519334898103104105107109111180181 Zissis Jason Varsamidis Augusta MorandinFabio Di Nello Zissis Jason Varsamidis Roussel Christophe Albert Jean Augusta Morandin Cricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 97–10713B 140 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 1617 www.cnlogistics.com.hk 800+ 202512312025 2025 (RCEP) 20252020 20253,007.19.5%22.81 1991202635 2026331 20100100 202511.2312.5% 20259.5%3,007.120242,745.5202515.4202432.0 — 20258.8%694.62024638.1 — 2025 657.22024708.7 — (RCEP)2025 2025128.646.1%18.143.513.2%194.5% — 2025 22025582.62024315.219.4% 2025 — 2025 20254468.52024430.315.6% 202520258 Ample 20253,007.120242,745.59.5%2025498.22024514.3 202546.4%202442.9% 20251,393.920241,178.6202418.3%135.32024159.0 2025 2025832.62024780.420246.7%127.12024180.1 2025468.52024430.320248.9%160.52024129.240.9%2025 202510.4%202413% 2025123132931,000 2025312.02024356.2202446202553.716.8% 20251231167.220241231143.91.15202412311.15 20251231299.62024123125517.5%202587.3202458.820251231457.220241231384.12025123135.6%2024123135.2%20241231 20252025123120252.320242.3 2025 2025 202512312024 2025 2025123120251231359.720241231345.820251231 202512312.3202412312.3 20215187.237.453.0%5,0005,000,00020216335.67.12202151863 20251231 2025202662202762 2025 2026120263.3% 1. 2.— 2025Business Research Insights20266,28920351.8712.91% 3. 202578202685.4 20251231878202412318612025348,570,0002024339,199,0002025 202520251231 202513,004,89020241202652920267172026626 7820171214202041202321419911023 35eCargo Holdings LimitedeCargo(ASX:ECG)201411197110 20251231 612020116202041301994812CS20001CS201991989199419905 20251231— 452020412020011015CS20165CN19976 20251231— Augusta MorandinMorandin67CNCN20211222Morandin40Morandin1992520128Italsempione S.p.A.19871019924MorandinLDS International Freight ForwardersMorandin1979319879SGSSocietàGenerale di Sorveglianza S.p.A1977719792MorandinDeugro International Freight Forwarders S.p.A.OPS20129MorandinCNCNMorandin19777 20251231Morandin— Fabio Di NelloDi Nello53CNCN20211222DiNello30Di Nello1995520124ItalsempioneS.p.A.20125Di NelloCNCNDi Nello19917 20251231Di Nello— Zissis Jason VarsamidisVarsamidis50202495Varsamidis20216Asian Terminals Inc.Asian Terminals Inc.(The Philippine Stock Exchange, Inc.)ATIVarsamidisVarsamidisDPWorldVarsamidis30DPWorld2020DPWorldVarsamidisDP WorldVarsamidis1997P&O19972005P&O Varsamidis(Securities Institute of Australia) 6620209171997630 20034039820034199282003419928 519919 622020917198611198873020248202310202472016120213 19912016HSBC Equity Management LimitedSuez Asia Holdings(Hong Kong) Limited JAFCO Investment (Asia Pacific) LtdSpring Capital Asia, Limited2022620248Santech Holdings LimitedSTEC202212IceCure Medical Ltd.ICCM2019220231Memories Group Limited2025110199 2007520125GEM2020720248GEM2005720113 19939 652020917251987720189202561939 Roussel Christophe Albert JeanRoussel613019871219886Roussel20172202211Gap Inc.2004120153RousselTescoplc1992420022CarrefourRoussel2015Big Ideas Ltd. 4120196172020310152017520187212220161120175201510201610TCL Communication Limited20101220148 20111200712 2025 14 2025 202520251231 (i)——202520251231 2025103 202513,004,89020241202652920267172026626 (i)(ii) 180 2025202527 2025 2025 20251231 202091720309174.525,000,00010%2025112025123125,000,0008.3%121% 211(i)(ii) 202156(i)(ii)(iii) 2031565 10%1%20251120251231 11 26 2025 10826 202520251231409.1 2025 Augusta MorandinFabio Di Nello Zissis Jason Varsamidis Roussel Christophe Albert Jean 105(a) 20251231XV(a)XV78(b)352(c) (i) 1.L 2.20251231300,489,000 1.L2.CN3,0003.CN6,4004.20251231 20251231XV(a)XV78(b)352(c) 2920252025 20254692025 (i)(ii) 20209172023214(i)2023214(ii) MorandinDiNello(i)20211222(ii) 202495Zissis Jason Varsamidis202511(i)202495(ii) 2023711Roussel Christophe Albert Jean(i)2023711(ii) 3.13 25 20251231336 1.L2.173,845,222DP WorldDP WorldDP World FZEDP World FZEDP World LimitedDP World FZEDP World LimitedDP World3.Ngan Au Kei YeeNgan Au Kei Yee 20251231336 20252814A 2025 20241231CS20252025112025123120256,288,0002025 2025CSDP WorldDP World57.85%14ACSDP World2025 202516 2025 A— 20209172020112020122920211120241232024202411202612312024 14A 2024202420252026123114,000,00015,000,00016,000,000 2025202411,703,000 20242024123 20209172020112020122920211120241232024202411202612312024 50%50%14A 202420242025202612314,000,0005,000,0006,000,000 202520243,258,000 20242024123 CN 2022113CNCN2023CNCNCNCNCN20231120251231 2023CN 2025CNCN30%14ACNCN 2023CN(i)20251231CN54,000,000(ii)CN202512312,500,000 20252023CN(i)CN(ii)CN13,697,0001,534,000 202512312026CN202611202612312026CN20251231 B— 2024829DP WorldDP WorldDP World202482920261231 DP World14A 2025DP World(i)(ii)302,694,000187,164,000 202496 (i)(ii)(iii) 14A2025300074014A.56(i)(ii)(iii)(iv)A— B14A.60 2