Core Viewpoint - China Shipbuilding Defense announced that neither the company nor its subsidiaries have provided guarantees to the controlling shareholder, actual controller, or their affiliates, and there are no overdue guarantee matters [2] Summary by Relevant Sections - Company Guarantees - The company confirmed that it does not have any guarantees provided to the controlling shareholder and actual controller [2] - There are no overdue guarantee matters reported [2]

证券代码：600685 证券简称：中船防务 公告编号：2025-043 中船海洋与防务装备股份有限公司 关于子公司提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | 广州文船重工有限公司 （以下简称"文船重工"） | | | | --- | --- | --- | --- | --- | | | 本次担保金额 | 2,231.75 万元 | | | | 担保 对象 | 实际为其提供的担保余额 | 283,509.18 万元 | | | | | 是否在前期预计额度内 | 是 | □否 | □不适用 | | | 本次担保是否有反担保 | □是 | 否 | □不适用 | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | | --- | --- | --- | | 截至本公告日上市公司及其控股 | 人民币 万元（其中：担保余额人 民币 | 534,877.43 | | 子公司对外担保总额（万元） | 万元，可用担保额度人民币 | 283, ...

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，幷明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立之股份有限公司） （H 股股票代碼：00317） 海外監管公告 本公司董事會及全體董事保證本公告內容不存在任何虛假記載、誤導性陳 述或者重大遺漏，並對其內容的真實性、準確性和完整性承擔法律責任。 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第 13.10B 條發出。以下為中船海洋與防務裝備股份有限公司於上海證券交易所網站 (www.sse.com.cn）所刊發之【中船防務關于子公司提供擔保的進展公告】。 承董事會命 中船海洋與防務裝備股份有限公司 公司秘書 李志東 廣州，2025年9月29日 本公告公佈之日，董事會的八位成員分別為：執行董事羅兵先生；非執行董事顧遠先 生、任開江先生及尹路先生；以及獨立非執行董事林斌先生、聶煒先生、李志堅先生 及謝昕女士。 证券代码：600685 证券简称：中船防务 公告编号：2025-043 本公司董事会及全体董事保证本公告内容不存在 ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery industry is experiencing resilient demand, with a shift towards "quality over quantity" leading to price increases, which will enhance corporate profitability. Companies like SF Express and JD Logistics are expected to benefit from cyclical recovery and cost reduction [4][13] - The shipping sector is anticipated to benefit from the OPEC+ production cycle and the Federal Reserve's interest rate cuts, with a notable improvement in the oil transportation market expected in Q4 2025 [13] - The aviation industry is projected to see long-term demand growth due to macroeconomic recovery, with short-term ticket booking data indicating a rebound [13] Summary by Sections Express Delivery - The express delivery sector is witnessing a significant price increase, with over 90% of regions in China experiencing price hikes, which is expected to improve profitability for companies [4] - Key companies to watch include YTO Express, Shentong Express, Zhongtong Express, and SF Express, all of which are positioned to benefit from the industry's positive trends [13] Shipping and Shipbuilding - The shipping sector is expected to see a cyclical recovery, particularly in oil transportation due to OPEC+ production increases and geopolitical uncertainties enhancing VLCC rate elasticity [13] - The shipbuilding market is in a green transition phase, with new orders expected to improve as market conditions stabilize [13] Aviation - The aviation sector is experiencing low supply growth with increasing demand, leading to a favorable long-term outlook. Companies like China Southern Airlines and Air China are highlighted for their potential [13][14] Logistics and Ports - The logistics sector is seeing a positive trend with companies like Shenzhen International and Debon Logistics expected to benefit from improved competition and operational efficiencies [13] - Port operations are stable, with a focus on cash flow and growth potential in hub ports like China Merchants Port and Qingdao Port [13]

Group 1 - The core point of the article is the announcement of a bidding project by Guangzhou Shipyard International Co., Ltd., a subsidiary of China Shipbuilding Industry Corporation, for the construction of a welding site with a budget of 9.9923 million yuan [1] - The project is titled "Dragon Nine Road West Section Component Welding Site Hardening Project" and was published on September 28, 2025 [1] - The ownership structure of Guangzhou Shipyard International shows that China Shipbuilding Industry Corporation holds 56.58% and China Shipbuilding Defense holds 41.02% of the shares [1]

邮政编码：511464； 总机号码：86-20-36660701； 传真号码：86-20-36666925； 除上述变更内容外，公司注册地址、电子邮箱、公司网址等联系方式均保持不变。以上变更信息自2025 年9月26日起正式启用。 格隆汇9月26日丨中船防务(00317.HK)宣布，公司自2025年9月26日起迁至新址办公，办公地址及投资者 联系电话等发生变更，具体变更情况如下： 办公地址：中华人民共和国广东省广州市南沙区鸡抱沙北路10号； 投资者联系电话：86-20-36666912。 ...

Core Points - China Shipbuilding Defense (00317.HK) announced a relocation of its office effective September 26, 2025 [1] Summary by Category Company Information - The new office address will be: No. 10, Jibaosha North Road, Nansha District, Guangzhou, Guangdong Province, People's Republic of China [1] - The postal code for the new office will be 511464 [1] - The main phone number will change to +86-20-36660701 [1] - The fax number will change to +86-20-36666925 [1] - The investor contact number will change to +86-20-36666912 [1] Contact Information - The company's registered address, email, and website will remain unchanged despite the office relocation [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 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 H 00317 關於變更辦公地址及投資者聯繫電話的公告 李志東 除上述變更內容外，本公司註冊地址、電子郵箱、公司網址等聯繫方式均保持不變。以 上變更信息自2025年9月26日起正式啟用，敬請廣大投資者注意。 承董事會命 中船海洋與防務裝備股份有限公司 公司秘書 中船海洋與防務裝備股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司自 2025年9月26日起遷至新址辦公，辦公地址及投資者聯繫電話等發生變更，具體變更情況 如下： 辦公地址：中華人民共和國廣東省廣州市南沙區雞抱沙北路10號； 傳真號碼：86-20-36666925； 郵政編碼：511464； 投資者聯繫電話：86-20-36666912。 總機號碼：86-20-36660701； 廣州，2025年9月26日 本公告公佈之日，董事會的八位成員分別為：執行董事羅兵先生；非執行董事顧遠先 生、任開江先生及尹路先生；以及獨立非執行董事林斌先 ...

证券简称：中船防务 股票代码：600685 公告编号:2025-042 公司总机：020-36660701； 传真号码：020-36666925； 投资者联系电话：020-36666912。 中船海洋与防务装备股份有限公司 关于变更办公地址及投资者联系电话的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中船海洋与防务装备股份有限公司（以下简称"公司"）自 2025 年 9 月 26 日起迁至新址办公，办公地址及投资者联系电话等发生变更，现将有 关事项公告如下： 办公地址：广州市南沙区鸡抱沙北路 10 号； 邮政编码：511464； 2025 年 9 月 26 日 1 除上述变更内容外，公司注册地址、电子邮箱、公司网址等联系方式 均保持不变。以上变更信息自公告发布之日起正式启用，敬请广大投资者 注意。 特此公告。 中船海洋与防务装备股份有限公司 董 事 会 ...

Core Viewpoint - China Shipbuilding Defense (00317) has seen a stock price increase of over 5%, attributed to the global shipbuilding cycle's upward trend and the company's capacity release [1] Group 1: Company Performance - The company reported a stock price increase of 5.63%, reaching HKD 15.58, with a trading volume of HKD 85.9143 million [1] - Shenwan Hongyuan initiated a "buy" rating for China Shipbuilding Defense, forecasting net profits for 2025, 2026, and 2027 to be CNY 1.1 billion, CNY 1.7 billion, and CNY 2.8 billion respectively, with corresponding price-to-earnings (PE) ratios of 18, 11, and 7 [1] - The current market capitalization to order backlog ratio is 0.42, significantly lower than the 10-year average of 0.53, indicating a historical low [1] Group 2: Industry Outlook - The global shipbuilding cycle is expected to benefit the company, with high-value order deliveries accelerating and strong demand for replacing old ships [1] - The "14th Five-Year Plan" is anticipated to drive military procurement, with order traction expected to begin in Q4 2025 [1] - The focus on the 100th anniversary of the military in 2027 is expected to lead to a surge in demand for new main battle equipment and new combat capabilities, sustaining high industry prosperity [1]