FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中遠海運能源運輸股份有限公司 呈交日期: 2025年8月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600026 | 說明 | A股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,474,776,395 | RMB | | 1 RMB | | 3,474,776,395 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 3,474,776,395 | RMB | | 1 RMB | | 3,474,776,395 | | 2. 股份分類 | 普通股 ...

Group 1: Market Overview - The market showed significant differentiation today, with AI and pharmaceutical stocks strengthening while cyclical, consumer, and financial sectors experienced pullbacks [1][3] - The Shanghai Composite Index fell by 0.68%, and the Shenzhen Component Index decreased by 0.45%, while the ChiNext Index rose by 0.43% [3] Group 2: AI Sector Performance - The computing power industry chain led the gains, with major stocks like Industrial Fulian (up 8.64%) reaching a market capitalization of 704.2 billion yuan [1][4] - Other notable stocks in the computing power sector, such as New Yisheng and Shenghong Technology, also hit historical highs [4] Group 3: Pharmaceutical Sector Performance - The innovative drug sector continued to lead, with stocks like Shutaishen and Te Bao Biotechnology achieving significant price increases and historical highs [3][8] - The assisted reproductive sector saw substantial gains, with companies like Gongtong Pharmaceutical and Lide Man experiencing notable stock price increases [8][10] Group 4: Assisted Reproductive Market Insights - The assisted reproductive market in China is in a rapid growth phase, with projections estimating the market size to reach 85.43 billion yuan by 2025 [11] - The government is implementing supportive measures, including insurance coverage for assisted reproductive technologies, which is expected to benefit over 1 million individuals by 2024 [11]

特此公告。 证券代码：600026 证券简称：中远海能 公告编号：2025-043 1、本次中期票据注册金额为 50 亿元，注册额度自通知书落款之日起 2 年内 有效，由招商银行股份有限公司主承销。 2、公司在注册有效期内可分期发行中期票据，接受注册后如需备案发行， 应事前先向交易商协会备案。发行完成后，应通过交易商协会认可的途径披露发 行结果。 公司将根据相关法律法规和交易商协会的要求，结合公司资金需求、市场情 况，在注册额度及有效期内择机发行中期票据，并及时履行信息披露义务。 中远海运能源运输股份有限公司 关于中期票据获准注册的公告 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。 中远海运能源运输股份有限公司（以下简称"中远海能"、"本公司"或"公 司"）于 2025 年 6 月 5 日召开二〇二五年第八次董事会会议、于 2025 年 6 月 30 日召开 2024 年年度股东大会，审议通过了《关于申请注册发行中期票据的议案》， 同意公司在中国银行间市场交易商协会（以下简称"交易商协会"）申请注册发 行总额度不超过人民币 ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery sector shows significant divergence in June data, with a focus on the industry's anti-involution process [3] - The express logistics market is expanding, supported by the national strategy to boost domestic demand, with a year-on-year growth of 15.8% in express delivery volume in June 2025 [5] - The performance of major express companies varies, with SF Express maintaining a business volume growth rate of over 30%, while other companies like YTO Express and Yunda Express show slower growth [4][5] Summary by Sections Express Logistics - In June 2025, the total express delivery volume reached 16.87 billion pieces, a year-on-year increase of 15.8%, with total revenue of 126.32 billion yuan, up 9.0% [5][24] - Major express companies' performance in June: YTO Express (2.627 billion pieces, +19.34%), Yunda Express (2.173 billion pieces, +7.41%), SF Express (1.460 billion pieces, +31.77%) [4][28] - The market share for these companies is 15.6% for YTO, 12.9% for both Yunda and Shentong, and 8.7% for SF Express [4] Air Transportation - The air travel sector is expected to benefit from macroeconomic recovery, with a year-on-year increase of 4.4% in passenger transport volume in June 2025 [52] - Major airlines are projected to improve their performance in Q2 2025 due to better supply-demand dynamics and lower oil prices [8] Shipping and Ports - The shipping sector is anticipated to benefit from OPEC+ production increases and a favorable economic environment, with a focus on crude oil transportation [16] - The Baltic Dry Index (BDI) increased by 27.8% week-on-week, indicating a recovery in the bulk shipping market [11][68] - Container throughput at Chinese ports showed a slight increase in cargo volume but a decrease in container throughput [81] Road and Rail - In June 2025, road freight volume increased by 2.86% year-on-year, while rail freight volume rose by 7.36% [45] - National logistics operations are running smoothly, with a slight increase in freight truck traffic [14] Supply Chain Logistics - Companies like Shenzhen International and Debon Logistics are expected to benefit from strategic transformations and improved profitability [15]

Core Viewpoint - China Cosco Shipping Energy Transportation Co., Ltd. (中远海能) plans to issue shares to specific investors, pending approval from the China Securities Regulatory Commission (CSRC) [1][2] Group 1: Share Issuance Details - The total amount to be raised from the share issuance is not more than 800 million yuan (approximately 800 million) [1] - The funds will be used for constructing 6 Very Large Crude Carriers (VLCCs), 2 LNG carriers, and 3 Aframax oil tankers [1] - The shares will be issued as domestic RMB ordinary shares (A-shares) with a par value of 1.00 yuan per share [2] Group 2: Investors and Subscription - The issuance will target up to 35 specific investors, including the indirect controlling shareholder, China Cosco Shipping Group [2][3] - China Cosco Shipping Group commits to subscribe for 50% of the shares issued [3] - All investors will subscribe in cash, and the shares will be issued through a competitive bidding process [3] Group 3: Regulatory and Compliance - The issuance is subject to approval from the CSRC, and the timeline for approval remains uncertain [1] - The shares subscribed by China Cosco Shipping Group will be restricted from transfer for 18 months post-issuance, while other investors will have a 6-month restriction [4] - The controlling shareholder structure will remain unchanged after the issuance [4] Group 4: Underwriting and Sponsorship - The lead underwriter for this issuance is Guotai Junan Securities Co., Ltd. [5]

证券代码：600026 证券简称：中远海能 公告编号：2025-042 中远海运能源运输股份有限公司 关于公司向特定对象发行股票申请 获得上海证券交易所审核通过的公告 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。 中远海运能源运输股份有限公司（以下简称"公司"）于 2025 年 7 月 18 日 收到上海证券交易所出具的《关于中远海运能源运输股份有限公司向特定对象发 行股票的交易所审核意见》，具体审核意见如下： "中远海运能源运输股份有限公司向特定对象发行股票申请符合发行条件、 上市条件和信息披露要求。本所将在收到你公司申请文件后提交中国证监会注 册。" 公司将根据该事项的进展情况及时履行信息披露义务，敬请广大投资者注意 投资风险。 特此公告。 中远海运能源运输股份有限公司董事会 2025 年 7 月 18 日 1 公司本次向特定对象发行股票事项尚需经中国证券监督管理委员会（以下简 称"中国证监会"）同意注册后方可实施，最终能否获得中国证监会同意注册的 批复及其时间尚存在不确定性。 ...

Group 1: Trade Performance - In the first half of the year, China's total goods trade value reached 21.79 trillion yuan, a year-on-year increase of 2.9%, with exports at 13 trillion yuan (up 7.2%) and imports at 8.79 trillion yuan (down 2.7%) [1] - In June, the trade scale reached 3.85 trillion yuan, a year-on-year increase of 5.2%, with exports at 2.34 trillion yuan (up 7.2%) and imports at 1.51 trillion yuan (up 2.3%) [1] Group 2: Shipping Market Response - The strong resilience and vitality of China's foreign trade have translated into increased demand in the shipping market, leading to significant gains in the Hong Kong shipping and port sectors since April [1] - Notable stock price increases from April lows to recent highs include China COSCO Shipping (up 35.4%), Seaspan Corporation (up 82.9%), and Yang Ming Marine Transport (up 233%) [1] Group 3: Market Sentiment and Tariff Impact - In June, the shipping sector experienced a period of consolidation, with tariff policy changes significantly affecting market sentiment [2] - The announcement of new tariffs by Trump on products from over 20 countries raised doubts about the sustainability of shipping demand, leading to declines in several shipping stocks [2] Group 4: Capital Flows and Stock Performance - Despite tariff uncertainties, there was a notable increase in southbound capital supporting the shipping sector, with significant increases in holdings of China COSCO Shipping and China COSCO Energy by southbound funds [3][4] - As of July 11, the holdings of China COSCO Shipping increased from 8.86 billion shares (29.81%) to 9.99 billion shares (34.68%) [4] Group 5: Market Dynamics and Future Outlook - The shipping sector's outlook remains positive, with the Shanghai International Shipping Research Center reporting a shipping prosperity index of 120.81 points for Q2 2025, indicating a favorable market environment [13] - The global economic recovery and increasing international trade volumes are expected to further boost demand for shipping services, particularly with China's trade with Belt and Road countries reaching 11.29 trillion yuan, a 4.7% increase [14][15] Group 6: Structural Changes and Innovations - The shipping industry is actively optimizing its structure, with major companies focusing on matching capacity with demand to avoid oversupply [15] - Environmental regulations and technological advancements are driving the industry towards greener practices and digital transformation, enhancing operational efficiency and long-term competitiveness [15][16]

Investment Rating - The report maintains a "Positive" investment rating for the transportation industry [8] Core Insights - The instant retail market in China is expected to exceed 700 billion yuan by 2025, accounting for over 5% of the country's physical network retail sales [2][5] - The shift in consumer behavior from bulk purchasing to "small quantity, multiple times" is driven by smaller family structures and a faster-paced lifestyle, which enhances the demand for instant retail [5][23] - Instant retail is anticipated to drive growth in instant logistics, benefiting companies like SF Holding, and the deployment of smart delivery lockers is also expected to gain traction [2][5] Summary by Sections Instant Retail Emergence - Instant retail is experiencing explosive growth, with major players like JD and Alibaba investing heavily in this sector [15][19] - The transition from distant e-commerce to near-field retail reflects a strong consumer demand for instant gratification [16][23] Opportunities in Transportation and Logistics - The growth of instant retail is expected to stimulate the logistics sector, with a projected increase in online takeaway market size to approximately 1.7 trillion yuan by 2025, representing about 30% of China's dining consumption [43][48] - Instant delivery orders are projected to grow by 18% year-on-year, reaching 48.3 billion orders in 2024, driven by the expansion of flash warehouses and the need for efficient delivery solutions [49][52] Travel Chain Insights - Domestic passenger volume is showing a stable increase, with a 4% year-on-year rise in the week of July 11, while international passenger volume increased by 16% [64] - The average domestic ticket price has seen a slight decline of 6.8% year-on-year, indicating pressure on short-term revenues despite improving demand [62][64] Maritime and Logistics Developments - The maritime sector is witnessing a rebound, with the average VLCC-TCE rate rising by 9.7% to $27,000 per day, driven by active cargo demand in the Middle East [29][30] - The logistics sector is focusing on addressing "involution" in the express delivery market, with a 16.6% year-on-year increase in express delivery volume, indicating robust industry growth [6][20]

Core Viewpoint - The company, COSCO Shipping Energy Transportation Co., Ltd., is planning to issue A-shares to specific investors to raise up to 800 million RMB for the construction of new vessels, including VLCCs and LNG carriers [3] Group 1: Stock Performance - As of July 11, 2025, COSCO Shipping Energy's stock closed at 10.32 RMB, a 0.29% increase from the previous week [1] - The stock reached a high of 10.37 RMB and a low of 10.22 RMB during the week [1] - The company's current market capitalization is 49.234 billion RMB, ranking 7th in the shipping and port sector and 285th among all A-shares [1] Group 2: Stock Issuance - The company received an inquiry letter from the Shanghai Stock Exchange regarding its application for a specific stock issuance on May 16, 2025, and provided a response on June 11, 2025 [2] - The updated application documents include revisions based on further review comments from the exchange [2] - The issuance is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [2] Group 3: Dividend Distribution - The company announced a cash dividend of 0.21 RMB per A-share for the year-end distribution, totaling approximately 1.002 billion RMB [4] - The record date for the dividend is July 16, 2025, with the payment date set for July 17, 2025 [4] - The dividend distribution will be subject to different tax treatments for various types of shareholders, including QFIIs and Hong Kong investors [4]

Group 1 - The top three companies with the highest short positions are WuXi AppTec (22.57%), CATL (17.76%), and COSCO Shipping Holdings (14.27%) [1][2] - The companies with the largest absolute increase in short positions are Alibaba Health (4.45%), China Liansu (2.54%), and Hong Kong Travel (2.02%) [1][2] - The companies with the largest absolute decrease in short positions are Far East Horizon (-1.62%), ZhongAn Online (-1.55%), and Rongchang Biologics (-1.32%) [1][3] Group 2 - The latest short position data shows that WuXi AppTec has 87.35 million shares, CATL has 27.69 million shares, and COSCO Shipping Holdings has 411 million shares [2] - Alibaba Health's short position increased from 6.97% to 11.42%, while China Liansu's increased from 0.61% to 3.15% [2] - Far East Horizon's short position decreased from 4.43% to 2.82%, and ZhongAn Online's decreased from 7.43% to 5.88% [3][4]