Summary of Key Points Core Viewpoint - As of May 28, a total of 65 stocks reached their 52-week highs, with notable performances from Kingway Medical Holdings (08559), China Silver Technology (00515), and Honghui Group (00183) leading the list with high rates of increase [1]. Group 1: Stocks Reaching 52-Week Highs - Kingway Medical Holdings (08559) achieved a closing price of 0.027 with a peak of 0.045, marking a high rate of 32.35% [1]. - China Silver Technology (00515) closed at 0.280, reaching a maximum of 0.305, resulting in a high rate of 28.15% [1]. - Honghui Group (00183) had a closing price of 0.255, with a peak price of 0.255, reflecting a high rate of 27.50% [1]. - Other notable stocks include Emperor Watch and Jewellery (00887) with a high rate of 27.14% and Sogo Department Store (00312) at 21.79% [1]. Group 2: Additional Stocks with Significant Increases - Lehua Entertainment (02306) reached a high rate of 13.73% with a closing price of 2.540 [1]. - Kingway Medical (08143) had a closing price of 0.124 and a peak of 0.230, resulting in a high rate of 10.05% [1]. - Other stocks with notable increases include Zhu Feng Gold (01815) at 6.98% and Yaoshi Bang (09885) at 6.68% [1]. Group 3: Stocks with Lower Performance - The report also includes stocks that did not perform as well, with some reaching their 52-week lows, such as China Parenting Network (01736) with a low rate of -14.40% [2]. - XI Nan Tes-U (09366) and XI Nan Tes (07366) also showed declines of -10.08% and -8.60% respectively [2]. - Other stocks like He Fu Hui Huang (00733) and Pai Ge Biomedical-B (02565) experienced decreases of -7.04% and -6.95% [2].

Core Points - The company announced the maturity and repayment of its third phase of ultra-short-term financing bonds for 2024, which occurred on May 25, 2025 [2] - The company issued the bonds on November 25, 2024, with a total scale of 2 billion yuan and a maturity period of 180 days at a coupon rate of 1.96% [1] Summary by Sections - **Bond Issuance**: The company received approval for debt financing tools from the China Interbank Market Dealers Association, with a registration validity of 2 years from the date of the notice [1] - **Repayment Details**: The company successfully repaid the principal and interest of the ultra-short-term financing bonds on the due date [2] - **Official Announcement**: The announcement was made by the company's board of directors on May 27, 2025 [4]

Core Viewpoint - The shipping sector is experiencing a significant rebound due to the recent reduction in tariffs between China and the U.S., leading to increased stock prices and a surge in shipping demand [1][6]. Group 1: Market Performance - Several listed companies in the shipping sector have seen their stock prices rise sharply, with China National Aviation's stock increasing over 19% on May 15, and its price doubling over four trading days [1]. - The average booking volume for container shipments from China to the U.S. has surged by 277% as of May 14, indicating strong market demand [1]. - In Q1 2025, the shipping sector's top 10 companies reported an average revenue of 8.89 billion yuan, a year-on-year increase of 14.5%, and an average net profit of 1.56 billion yuan, up 35.3% [2][3]. Group 2: Company Performance - Leading companies like China COSCO Shipping Holdings reported a net profit of 11.695 billion yuan in Q1 2025, a 73.12% increase year-on-year, while Jinjiang Shipping's net profit surged by 187.07% to 357 million yuan [2][3]. - China Merchants Port has expanded its global port layout, completing a 51% equity transfer for an Indonesian project and signing an agreement for a Brazilian oil terminal project [5]. Group 3: Operational Trends - The shipping sector is witnessing a diversification in operations, with companies like China COSCO Shipping Ports reporting a 367% increase in overseas terminal profits, driven by contributions from the Mediterranean and Middle East regions [4][5]. - The trend towards green and low-carbon transformation is notable, with several companies investing in methanol-powered vessels and reducing carbon emissions [5]. Group 4: Future Outlook - The recent tariff reductions are expected to lead to a surge in shipping demand, particularly in the Asia-Europe and trans-Pacific routes, as companies rush to mitigate costs and meet delivery deadlines [6][10]. - Analysts predict that the shipping sector is at a turning point, with potential for significant growth as traditional shipping seasons approach and demand rebounds [10].

| 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 02866 | 中远海发 | 1.160 | 6.42% | | 02510 | 德翔海运 | 7.830 | 4.26% | | 02343 | 太平洋航运 | 2.030 | 4.64% | | 02880 | 辽港股份 | 0.720 | 2.86% | | 06198 | 英语版 | 6.380 | 2.57% | | 00144 | 招商局港口 | 13.940 | 2.05% | | 00316 | 东方海外国际 | 132.600 | 1.92% | | 01199 | 中远海运港口 | 4.540 | 1.79% | | 01919 | 中远海控 | 14.060 | 0.72% | | 01138 | 栄康息出 | 6.400 | 0.47% | 消息上，随着中美实施一系列关税调整措施，美国进口商本周大幅增加从中国的进口订单。多家航运公 司和行业跟踪的数据显示，中国对美的货运量已经显著回升。美东时间周三，集装箱跟踪数据软件商 Vizion表示，在中美达成贸易"休战"后，从中国到美国的集 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 根据《深圳证券交易所上市公司自律监管指引第9号一回购股份》等相关规定，公司已在中国证券登记 结算有限责任公司深圳分公司开立了股份回购专用证券账户，该账户仅用于回购公司股份。具体内容详 见公司于2024年12月5日在巨潮资讯网（www.cninfo.com.cn）披露的《回购报告书》（公告编号：2024- 092）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第9号一回购股份》等相关规 定，公司在回购期间应当在每个月的前三个交易日内披露截至上月末的回购进展情况。现将回购进展情 况公告如下： 一、回购公司股份的具体情况 截至2025年4月30日，公司累计通过回购专用证券账户以集中竞价交易方式回购股份数量为14,347,174 股，占公司总股本的比例为0.574%，最高成交价为20.99元/股，最低成交价为17.95元/股，支付的资金 总额为人民币278,013,651.30元（含印花税、交易佣金等交易费用），本次回购符合既定的回购方案和 回购报告书，符合相关法律法规规定。 二、其他说明 证券代码：001872/201872 证券简称：招商港口 ...

Financial Performance - Total revenue for 2024 reached HKD 11,842 million, a 3.1% increase from HKD 11,482 million in 2023[3] - Profit attributable to equity holders increased by 27.0% to HKD 7,919 million, compared to HKD 6,233 million in the previous year[3] - Regular profit rose by 22.6% to HKD 7,550 million, up from HKD 6,159 million in 2023[3] - EBITDA for the total business was HKD 7,043 million, reflecting a 6.6% growth from HKD 6,607 million[4] - Net cash generated from operating activities increased by 18.1% to HKD 8,547 million, compared to HKD 7,238 million in 2023[3] - Total assets decreased by 1.6% to HKD 169,474 million from HKD 172,314 million[3] - The company’s net interest-bearing debt and lease liabilities decreased by 8.0% to HKD 23,138 million from HKD 25,159 million[3] - The profit attributable to equity holders was HKD 7.919 billion, up 27.0% year-on-year, with recurring profit at HKD 7.550 billion, a 22.6% increase[19] - The group's revenue for the year ended December 31, 2024, was HKD 11.842 billion, an increase of 3.1% year-on-year, and a 9.0% increase when excluding the contribution from the sale of Ningbo Daxie in 2023[51] Market Expansion and Acquisitions - The company completed the acquisition of 51% stake in NPH in Indonesia, marking its entry into the Indonesian market[12] - The company completed the acquisition of 51% equity in the NPH project in Indonesia, marking its entry into the Southeast Asian market[18] - The company agreed to acquire a 70% stake in Vast in Brazil, which will become an indirect subsidiary, with its financial performance consolidated into the group's results[171] - The company is considering strategic acquisitions to bolster its logistics network, with potential targets identified in Southeast Asia[149] Container Throughput and Operations - The total container throughput for the company's global port projects was 145.75 million TEU, a growth of 6.0% compared to 2023[17] - The company's domestic and overseas port container business showed rapid growth, with domestic projects achieving a throughput of 108.91 million TEU, up 5.3% year-on-year[17] - The overseas port projects completed a total container throughput of 36.84 million TEU, reflecting an 8.1% increase year-on-year, with significant contributions from Sri Lanka's CICT and Brazil's TCP[47] - The Shenzhen western port area recorded a container throughput of 14.69 million TEU, marking a 19.3% increase year-on-year, benefiting from increased cargo volumes from emerging markets[41] ESG and Sustainability Initiatives - The company’s ESG rating was upgraded from BB to BBB by MSCI, the highest rating among port companies listed in mainland China and Hong Kong[13] - The company received an upgraded ESG rating to BBB from MSCI, the highest rating among port companies listed in mainland China and Hong Kong[38] - The group emphasizes sustainable development, integrating compliance management and operational practices to minimize environmental impact[68] - The company is focusing on green transformation by increasing the proportion of clean energy and exploring clean energy refueling business[76] - A new sustainability initiative is being implemented, aiming to reduce carbon emissions by 30% over the next five years[146] Strategic Focus and Future Outlook - The company aims to enhance core competitiveness and strengthen global layout through innovation and operational efficiency in the upcoming "15th Five-Year Plan" period[23] - The company is focusing on "global layout," "lean operations," and "innovation upgrades" as its strategic pillars for future growth[24] - The company aims to enhance its core competitiveness by optimizing its six strategic frameworks, including overseas strategy and innovation strategy[75] - The company will implement a "15th Five-Year Plan" focusing on reform, innovation, and development to ensure high-quality completion of its strategic goals[75] Governance and Board Structure - The board consists of 10 members, including 2 non-executive directors and 5 independent non-executive directors, ensuring strict oversight of management processes[108] - The company has a strong governance structure with multiple committees including audit, remuneration, and nomination committees[150][152][153][155] - The board has adopted a standard code of conduct for securities trading, confirming compliance by all directors during the year[100] - The company emphasizes the importance of independent directors in enhancing corporate governance and accountability[152][153] Employee and Community Engagement - The group has initiated the "Hundred Seedling Program" to innovate graduate recruitment and training models, and the "Living Water Program" to facilitate internal talent mobility[66] - The group is focused on enhancing employee welfare and recognition to foster a sense of belonging and shared interests with the organization[67] - The group is actively promoting community integration through various public welfare projects, enhancing communication and collaboration with local communities[71] Financial Management and Reporting - The company has engaged KPMG as the external auditor, with fees totaling HKD 13 million, including HKD 11 million for audit services and HKD 2 million for non-audit services[120] - The board is responsible for ensuring that the financial statements accurately reflect the group's financial position, performance, and cash flows for the fiscal year ending December 31, 2024[119] - The audit committee is tasked with reviewing the integrity of the company's financial statements and ensuring compliance with applicable accounting standards and regulations[4] - The company has established a comprehensive internal control system to ensure effective risk management and safeguard shareholder investments[122]

证券研究报告 招商局港口 (144 HK) 招商局港口发布 24 年业绩：营收同比+3.1%至 118.4 亿港币；归母净利同 比+27.0%至 79.2 亿港币，符合我们的预期；扣非归母净利同比+22.6%至 75.5 亿港币；完成集装箱吞吐量 1.5 亿标准箱，同比+6.0%。同时，公司宣 布年末每股派息 0.636 港币，对应全年分红率 47.0%。24 年盈利同比高增 主因：1）港口吞吐量及装卸费率上涨推升盈利；2）来自上港集团投资收益 增加；3）土地处置收益等。展望 25 年，关税导致全球宏观经济存较大不 确定性，我们预计公司盈利在 24 年高基数上同比或小幅回落。中长期看， 港口作为国际贸易的重要枢纽，资源稀缺。公司专注全球港口投资和运营， 已成功布局六大洲，全球竞争力优势显著。维持"买入"。 集装箱吞吐量增速向好，其中中国地区/海外同比+5.3%/+8.1% 24 年公司旗下码头共计完成吞吐量 1.5 亿标准箱（yoy+6.0%）。其中大中 华地区（中国大陆+中国香港+中国台湾）吞吐量共计 1.1 亿标准箱 （yoy+5.3%），海外 3,684 万标准箱（yoy+8.1%）。分地区看，珠三角/ ...

智通财经记者 | 白帆 招商局港口于1992年在香港联交所上市，是招商局集团的重要子公司。主要业务是港口开发、投资和营运，去年 港口业务占总营收的比重达到92.82%，此外该公司的业务还涉及保税物流业务等。 在港口项目上，招商局港口的业务主要包括集装箱业务和散杂货业务，依据地理位置划分，招商局港口业务则主 要包括国内市场和国际市场。 其中巴西TCP的表现十分亮眼，去年该码头共完成集裝箱吞吐量156万TEU，同比增长24.3%。2017年，招商局港 口收购了TCP，TCP是巴西禽肉出口量最大的码头，支撑该国肉类、农产品出口，显著提升巴西在全球大宗商品 市场的话语权。 无独有偶，招商局港口今年再次在巴西下注，2月28日与巴西Prumo公司及其附属公司API签订购股协议，有条件 收购位于巴西里约热内卢州阿苏港的VAST原油码头项目70%股份，进一步拓展其在拉美地区的港口业务布局。据 公告，该项目交易对价由交割时支付的4.48亿美元价款、后续5600万美元的里程碑有条件付款以及未来基于公司 业绩可能支付的额外对价组成。 此外，2024年6月，招商局港口完成印尼NPH项目51%股权交割，首次进入印尼，进一步拓宽了其在东 ...

Financial Performance - The profit attributable to equity holders was HKD 7.919 billion, up 27.0% from HKD 6.233 billion in 2023 [4] - The basic earnings per share increased to HKD 1.886, a rise of 23.1% compared to HKD 1.532 in 2023 [4] - Revenue for the year was HKD 11.842 billion, representing a growth of 3.1% from HKD 11.482 billion in 2023 [5] - The regular profit attributable to equity holders was HKD 7.550 billion, up 22.6% from HKD 6.159 billion in 2023 [4] - The final dividend per share was HKD 0.636, compared to HKD 0.48 per share in 2023 [4] - The group reported a profit attributable to equity holders of HKD 7,919 million in 2024, up from HKD 6,233 million in 2023, representing a growth of 27% [29] - The proposed final dividend per ordinary share increased to HKD 0.636 in 2024 from HKD 0.48 in 2023, totaling HKD 2,670 million compared to HKD 2,015 million in the previous year [28] Revenue Breakdown - Revenue from port operations was HKD 10,992 million, up from HKD 10,680 million, reflecting a growth of 2.92% [13] - Revenue from bonded logistics business was HKD 639 million, an increase from HKD 593 million, representing a growth of 7.77% [13] - Revenue from mainland China, Hong Kong, and Taiwan was HKD 6,004 million, a decrease of 5.43% from HKD 6,348 million in 2023 [16] - Revenue from Brazil increased to HKD 2,237 million, up 13.14% from HKD 1,977 million in 2023 [16] - Total revenue for the year ended December 31, 2023, was HKD 11,482 million, with a significant contribution from the port business at HKD 10,680 million [18] Container Throughput - The total container throughput reached 145.75 million TEU, an increase of 6.0% year-on-year (2023: 137.48 million TEU) [4] - The group's port container throughput reached 145.745 million TEU in 2024, representing a year-on-year growth of 6.0% [45] - Domestic ports in mainland China, Hong Kong, and Taiwan achieved a container throughput of 108.91 million TEU, up 5.3% year-on-year, driven by growth in Shenzhen's western port area and the Yangtze River Delta [44] - Overseas port projects completed a total container throughput of 36.84 million TEU, reflecting an 8.1% increase year-on-year, with significant contributions from Sri Lanka's CICT and Brazil's TCP [52] Assets and Liabilities - The total assets decreased to HKD 169.474 billion from HKD 172.314 billion in 2023 [9] - The total equity rose to HKD 121.432 billion, compared to HKD 120.845 billion in 2023 [9] - Total liabilities stood at HKD 48,042 million, reflecting the company's financial obligations across its operations [20] - The group's total assets as of December 31, 2024, were HKD 169.474 billion, remaining stable compared to the beginning of the year, while total liabilities decreased by 6.7% to HKD 48.042 billion [55] Capital Expenditure - Capital expenditure for the year was HKD 1,478 million, which includes HKD 429 million for port operations and HKD 884 million for other investments [17] - Capital expenditures for the year amounted to HKD 1,873 million, demonstrating the company's commitment to expansion and investment in infrastructure [18] - The group's capital expenditure for the year was HKD 1.478 billion, and it maintained a strong financial position with sufficient unutilized bilateral bank loan limits of HKD 13.744 billion [59] Operational Efficiency and Innovations - The company has implemented a "lean operation" system, enhancing engineering management and business control capabilities [41] - The company is advancing its green transformation by replacing 185 units of new energy trucks and investing in charging stations at Shenzhen's western port area [42] - The company is collaborating with AI model manufacturers to launch equipment operation assistants and port service assistants, enhancing operational efficiency [41] - New technology initiatives are underway, with a focus on automation and digitalization to enhance operational efficiency, projected to reduce costs by 10% [94] Market Outlook and Strategy - Future outlook includes continued focus on market expansion and potential acquisitions to enhance growth opportunities [18] - The group expects global economic growth to be 3.2% in 2024, with developed economies growing at 1.7% and emerging markets at 4.2% [34] - The company aims to enhance its core competitiveness by optimizing its strategic framework, focusing on six key strategies including overseas strategy and low-carbon strategy [79] - The company plans to expand its market presence by investing in new terminal facilities, aiming for a 20% increase in capacity by 2026 [96] Sustainability and Governance - The company is committed to sustainable development, integrating it into investment, operations, and management, and has received an upgraded ESG rating to BBB from MSCI [75] - The company recognizes the importance of ecological and biodiversity protection, implementing measures to reduce operational impacts on marine ecosystems [71] - The company is focused on enhancing community engagement through various public welfare projects, contributing to local economic growth [72] - The company is committed to maintaining high standards of corporate governance to enhance investor confidence and shareholder returns [83] Employee and Talent Management - The group employed 8,713 full-time staff, with total salaries paid amounting to HKD 2.288 billion, representing 29.3% of total operating expenses [67] - The group has implemented a talent management initiative called the "Hundred Seedling Plan" to enhance talent development and retention [67]

资料显示，公司前身系1991年5月在香港注册成立的AttingtonInvestmentLimited，1992年在香港联合交易 所上市，证券代码为"00144.HK"。1997年公司更名为招商局国际有限公司，核心业务转向港口及港口 相关业务，2016年8月公司更名为现名。2018年公司原子公司深圳赤湾港航股份有限公司（以下简称"深 赤湾"）完成资产重组，同时更名为招商局港口集团股份有限公司（以下简称"招商港口"，证券代 码"001872.SZ"），招商港口以发行股份形式购买招商局投资发展有限公司（后更名为招商局港口投资 发展有限公司，以下简称"CMPID"）持有的公司1,313,541,560股普通股股份（约占招商局港口已发行普 通股股份总数的39.45%）；同时，招商港口通过与招商局集团（香港）有限公司（以下简称"CMHK"） 签署《一致行动协议》，约定CMHK就其受托行使的公司753,793,751股普通股股份（约占公司已发行普 通股股份总数的23%）的表决权应当与招商港口在公司股东大会审议事项的表决上无条件保持一致，并 以招商港口的意见为准进行表决，招商港口成为公司第一大股东，并将公司纳入合并范围。公 ...