Group 1 - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed up 0.51% on October 14, with a trading volume of 97.02 million yuan [1] - The fund was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 13, the latest share count for the fund was 342 million shares, with a total size of 336 million yuan [1] Group 2 - The fund's recent trading activity shows a cumulative trading amount of 1.047 billion yuan over the last 20 trading days, with an average daily trading amount of 52.36 million yuan [1] - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -1.72% during the management period [1] - The top holdings of the fund include COSCO Shipping Holdings, Orient Overseas International, China Foreign Transport, China Petroleum, CITIC Bank, CNOOC, China Shenhua Energy, China People's Insurance Group, China Unicom, and Agricultural Bank of China, with respective holding percentages [2]

每经AI快讯，10月14日，港股航运股早盘普涨，截至发稿，德翔海运(02510.HK)涨3.9%，报8.53港元； 中远海发(02866.HK)涨3.6%，报1.15港元；东方海外国际(00316.HK)涨2.68%，报126.3港元；海丰国际 (01308.HK)涨2.54%，报29.82港元；中远海运港口(01199.HK)涨1.06%，报5.72港元。 ...

Core Viewpoint - Shipping stocks experienced a significant increase in early trading, driven by the announcement of new regulations regarding port service fees for U.S. vessels by China's Ministry of Transport [1] Group 1: Stock Performance - Yang Ming Marine Transport Corp (德翔海运) rose by 3.9%, trading at HKD 8.53 [1] - COSCO Shipping Holdings (中远海发) increased by 3.6%, trading at HKD 1.15 [1] - Orient Overseas International (东方海外国际) saw a rise of 2.68%, trading at HKD 126.3 [1] - Seaspan Corporation (海丰国际) gained 2.54%, trading at HKD 29.82 [1] - COSCO Shipping Ports (中远海运港口) increased by 1.06%, trading at HKD 5.72 [1] Group 2: Regulatory Changes - On October 14, the Ministry of Transport released the "Implementation Measures for Special Port Service Fees for U.S. Vessels," which includes ten articles detailing the fee structure and exemptions [1] - The measures specify that vessels built in China, empty vessels only entering Chinese shipyards for repairs, and other exempted vessels will not be required to pay the fees [1] Group 3: Market Implications - Huatai Securities noted that the fee standards align closely with U.S. policies, with mutual port fees set to take effect on October 14, 2025 [1] - In the short term, shipping companies may adjust global vessel deployments and port calls to mitigate costs, potentially disrupting supply chains and increasing freight rates [1]

Core Viewpoint - The recent U.S. measures to impose new port service fees on Chinese-owned, operated, or built vessels are expected to significantly impact the operational costs of Chinese shipping companies and shipyards, but the overall situation may not be as dire as anticipated [1][2][3] Impact on Shipping Costs and Rates - The new fee structure includes three categories: $50 per net ton for Chinese-owned or operated vessels, a minimum of $18 per net ton or $120 per container for Chinese-built vessels, and $14 per net ton for car carriers [2] - If strictly enforced, the measures could lead to substantial cost increases for Chinese shipping companies and may prompt some international shipping firms to relocate their headquarters away from regions like Hong Kong and Macau [2][3] - Alphaliner estimates that the U.S. measures could add $3.2 billion in costs for the top ten global shipping companies by 2026, with COSCO and OOCL bearing nearly half of this burden [3] Global Shipping Landscape - China's shipbuilding industry continues to dominate globally, holding over 40% of the market share, while the U.S. accounts for less than 1% [6] - The U.S. actions may inadvertently benefit shipyards in Japan and South Korea, as they could attract orders that might have gone to Chinese shipbuilders [6][7] - Despite concerns about new orders, China's strong supply chain and technological advantages are expected to maintain its leading position in shipbuilding [7] China's Response Strategies - China has enacted a revised International Shipping Regulations that allows for reciprocal measures against countries implementing discriminatory practices [8] - The Ministry of Commerce plans to collaborate with the EU, Japan, and South Korea to challenge the U.S. measures at the WTO, while the China Shipowners Association is working to establish an "International Shipping Fairness Alliance" [9] Industry Adjustments - Shipping companies are optimizing their fleets to mitigate the impact of the new fees, with some already implementing additional charges to offset rising costs [10][11] - The industry is also focusing on green ship technology development and expanding into markets along the Belt and Road Initiative to counterbalance the effects of reduced exports to the U.S. [11]

Company News - Sunny Optical Technology (02382.HK) plans to transfer Shanghai Aolai for approximately 1.903 billion yuan and invest in GoerTek to jointly develop AI/AR optical business [2] - Orient Overseas International (00316.HK) reported a 8.3% decrease in shipping revenue for the first nine months, totaling approximately 6.696 billion USD, with an overall load factor down 1.5% and average revenue per standard container down 12.4% compared to the same period last year [2] - Xiehe New Energy (00182.HK) reported a 0.31% decrease in equity power generation for the first nine months, totaling 6,464.54 GWh, while solar equity power generation increased by 30.69% year-on-year [2] - Fast Retailing (06288.HK) announced annual results for the year ending August 31, 2025, with revenue of 3.400539 trillion yen, a year-on-year increase of 9.6%, and net profit of 433.009 billion yen, up 16.4% [3] - Dongfeng Motor Group (00489.HK) reported cumulative vehicle sales of 1.3168 million units for the first nine months, a year-on-year decline of approximately 3.6% [4] - Gemdale Property (00535.HK) reported a cumulative contract sales amount of approximately 8.533 billion yuan for the first nine months, a year-on-year decrease of 39.81% [4] - Baolong Real Estate (01238.HK) reported a contract sales total of approximately 5.431 billion yuan for the first nine months, down 43.64% year-on-year [4] - Zhengrong Real Estate (06158.HK) reported a cumulative contract sales amount of approximately 3.288 billion yuan for the first nine months, a year-on-year decrease of 32.8% [4] - JINGRUI Holdings (01862.HK) reported a contract sales amount of 740 million yuan for the first nine months, a year-on-year decrease of 49.52% [5] - China Wisdom Energy (01004) withdrew its liquidation petition [5] Shareholding Changes - Flat Glass Group (06865.HK) saw some shareholders and directors reduce their holdings by a total of 29.9803 million shares [6] - CNOOC Services (02883.HK) reported that its controlling shareholder, China National Offshore Oil Corporation, increased its holdings by 16.008 million H-shares over the past six months [6] - China National Offshore Oil Corporation (00883.HK) reported that its actual controller increased its holdings by 22.098 million shares in the past six months [6] - Tencent Holdings (00700.HK) repurchased 816,000 shares at a cost of 551 million HKD, with repurchase prices ranging from 666 to 680.5 HKD [6]

Core Insights - Orient Overseas International (00316) reported a 25.9% decrease in shipping revenue for Q3 ending September 30, 2025, amounting to $2.264 billion [1] - Total cargo volume increased by 0.7%, while carrying capacity rose by 4.2% [1] - Overall load factor decreased by 2.8% compared to the same period in 2024, with average revenue per TEU declining by 26.5% year-on-year [1] Financial Performance - For the first nine months ending September 30, 2025, shipping revenue decreased by 8.3% year-on-year, reaching approximately $6.696 billion [1] - Total cargo volume and carrying capacity increased by 4.7% and 6.7%, respectively [1] - Overall load factor declined by 1.5% compared to the same period in 2024, with average revenue per TEU down by 12.4% year-on-year [1]

Core Insights - The company reported a 25.9% decrease in revenue from shipping lines year-on-year, amounting to $2.264 billion [1] - Total cargo volume increased by 0.7%, while carrying capacity rose by 4.2% [1] - Overall utilization rate declined by 2.8% compared to the same period in 2024, with average revenue per standard container decreasing by 26.5% year-on-year [1] Financial Performance - For the first nine months ending September 30, 2025, shipping line revenue decreased by 8.3% year-on-year, reaching approximately $6.696 billion [1] - Total cargo volume and carrying capacity increased by 4.7% and 6.7%, respectively [1] - Overall utilization rate fell by 1.5% compared to the same period in 2024, with average revenue per standard container down by 12.4% year-on-year [1]

Core Insights - The company, Orient Overseas International (00316.HK), reported a significant decline in revenue for the third quarter ending September 30, 2025, with a 25.9% decrease compared to the same period last year, amounting to $2.264 billion [1] Revenue Performance - For the first nine months ending September 30, 2025, the company's revenue decreased by 8.3% compared to the same period last year [1] - The average revenue per standard container for the third quarter decreased by 26.5% year-on-year [1] - The average revenue per standard container for the first nine months decreased by 12.4% compared to the same period last year [1] Volume and Capacity - Total cargo volume increased by 0.7% in the third quarter [1] - Total cargo volume for the first nine months increased by 4.7% compared to the same period last year [1] - Total capacity increased by 4.2% in the third quarter [1] - Total capacity for the first nine months increased by 6.7% compared to the same period last year [1] Utilization Rates - Overall utilization rate decreased by 2.8% in the third quarter compared to the same period last year [1] - Overall utilization rate decreased by 1.5% for the first nine months compared to the same period last year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致 的任何損失承擔任何責任。 ORIENT OVERSEAS (INTERNATIONAL) LIMITED 東 方 海 外 （ 國 際 ） 有 限 公 司 * 截至2025年9月30日止首9個月之航線收入較去年同期減少8.3%。總載貨量及運載力分別 增加4.7%及6.7%，整體運載率較2024年同期下降1.5%，每個標準箱之整體平均航線收入 較去年同期減少12.4%。 - 1 - | | | 東方海外貨櫃航運 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | 2025年 | 2024年 | | 2025年 | 2024年 | | | | 第3季 | 第3季 | 變動 | 首3季 | 首3季 | 變動 | | 載貨量 （標準箱） : | | | | | | | | 太平洋航線 | 526,032 | 551,896 | - 4.7% | 1,583,671 | 1,5 ...

東方海外(國際)有限公司 ORIENT OVERSEAS (INTERNATIONAL) LIMITED * （於百慕達註冊成立之成員有限責任公司） (Incorporated in Bermuda with members' limited liability) (Stock Code 股份代號: 316) NOTIFICATION LETTER 通 知 信 函 8th October 2025 Dear Non-registered Shareholder(1), Orient Overseas (International) Limited (the "Company") – Circular and Notice of Special General Meeting (collectively, the "Current Corporate Communications") The English and Chinese versions of the Current Corporate Communications are available on the Company's website (ht ...