Group 1 - The core index of the shipping sector, the China Securities Index Shipping Index, closed at 2040.95 points, showing a decline of 3.38% over the past month, 4.74% over the past three months, and 6.18% year-to-date [1] - The index is composed of various industry companies classified into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, providing a comprehensive analysis tool for investors [1] - The top ten weighted companies in the shipping index include COSCO Shipping Holdings (16.61%), China Merchants Energy Shipping (15.28%), COSCO Shipping Energy Transportation (12.87%), and others, indicating a concentration in a few key players [1] Group 2 - The shipping sector accounts for 100.00% of the index sample, highlighting its exclusive focus on this industry [2] - The index sample is adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, ensuring that the weight factors are updated accordingly [2] - Special events affecting sample companies, such as mergers or delistings, will lead to corresponding adjustments in the index sample, maintaining its relevance and accuracy [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The oil transportation industry is facing short-term pressure on performance, but the OPEC+ production increase is favorable for the oil transportation market [6] Financial Performance Summary - Revenue projections for the company are as follows: - 2023: 22,091 million RMB - 2024: 23,244 million RMB (growth of 5.22%) - 2025E: 25,911 million RMB (growth of 11.48%) - 2026E: 27,856 million RMB (growth of 7.51%) - 2027E: 28,891 million RMB (growth of 3.72%) [7] - Net profit attributable to shareholders is projected as: - 2023: 3,351 million RMB - 2024: 4,037 million RMB (growth of 20.47%) - 2025E: 5,035 million RMB (growth of 24.73%) - 2026E: 6,412 million RMB (growth of 27.36%) - 2027E: 7,020 million RMB (growth of 9.49%) [7] - Earnings per share (EPS) forecast: - 2023: 0.70 RMB - 2024: 0.85 RMB - 2025E: 1.06 RMB - 2026E: 1.34 RMB - 2027E: 1.47 RMB [7] Key Financial Ratios - Return on Equity (ROE) is expected to improve: - 2023: 9.74% - 2024: 11.25% - 2025E: 12.95% - 2026E: 15.00% - 2027E: 14.95% [7] - Price-to-Earnings (P/E) ratio forecast: - 2024: 12.34 - 2025E: 9.89 - 2026E: 7.77 - 2027E: 7.09 [7] Market Data - Closing price as of April 29, 2025: 10.44 RMB - Market capitalization: 49,806.91 million RMB - Total shares outstanding: 4,770.78 million [4]

本管理制度所称超募资金是指实际募集资金净额超过计划募集 资金金额的部分。 中远海运能源运输股份有限公司 募集资金专项存储及使用管理制度 (经公司董事会于二〇二五年四月二十九日修订） 第一章 总则 第一条 为规范中远海运能源运输股份有限公司（以下简称"公 司"）募集资金的管理和使用，最大限度地保障投资者的利益，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证 券发行注册管理办法》《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求（2022 年修订）》《上海证券交易所股票 上市规则（2024 年 4 月修订）》《上海证券交易所上市公司自律监管 指引第 1 号——规范运作（2023 年 12 月修订）》等有关法律、法规 和规定的要求，结合公司的实际情况，特制定本管理制度。 第二条 本管理制度所称募集资金是指公司通过向不特定对象发 行证券（包括首次公开发行股票、配股、增发、发行可转换公司债券、 发行分离交易的可转换公司债券等）以及向特定对象发行证券向投资 者募集的资金，但不包括公司实施股权激励计划募集的资金。本公司 在 H 股或其他市场募集资金管理按《香港联合交易所有限公司证券上 ...

证券代码：600026 证券简称：中远海能 公告编号：2025-027 中远海运能源运输股份有限公司 关于续聘境内外审计机构的公告 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。 重要内容提示： 拟续聘境内、境外审计机构名称：信永中和会计师事务所（特殊普通 合伙）、信永中和（香港）会计师事务所有限公司 中远海运能源运输股份有限公司（以下简称"中远海能""公司"）董事会 审计委员会及董事会先后审议通过，拟续聘信永中和会计师事务所（特殊普通合 伙）（以下简称"信永中和"）为公司 2025 年度境内审计机构，续聘信永中和 （香港）会计师事务所有限公司（以下简称"信永中和香港"）为公司 2025 年 度境外审计机构。本事项尚需提交公司股东大会审议，现将相关情况公告如下： 一、拟续聘会计师事务所的基本情况 续聘信永中和为 2025 年度境内审计机构 名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012 年 3 月 2 日 组织形式：特殊普通合伙企业 注册地址：北京市东城区朝阳门北大街 8 号富华大厦 A 座 8 层 首席合伙 ...

证券代码：600026 证券简称：中远海能 公告编号：2025-026 中远海运能源运输股份有限公司 二〇二五年第四次监事会会议决议公告 本公司监事会及全体监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"）二〇二五年第四次监 事会会议通知和材料分别于 2025 年 4 月 15 日、2025 年 4 月 18 日以电子邮件/ 专人送达形式发出，会议于 2025 年 4 月 29 日以现场及视频会议的方式召开。本 公司所有四名监事参加会议。会议的召开符合《中华人民共和国公司法》和本公 司《公司章程》的有关规定。与会监事听取并审议通过了以下议案： 中远海运能源运输股份有限公司监事会 2025 年 4 月 29 日 2 1. 公司 2025 年第一季度报告的编制和审议程序符合法律法规、《公司章程》 和公司内部管理制度的各项规定； 2. 公司 2025 年第一季度报告的内容和格式符合中国证监会、上海证券交易 所和香港联合交易所有限公司的各项规定，所包含的信息从各个方面真实公允地 反映出公司截至 2025 ...

证券代码：600026 证券简称：中远海能 公告编号：2025-025 中远海运能源运输股份有限公司 二〇二五年第五次董事会会议决议公告 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"）二〇二五年第五次董事会会议通知和材料分别于 2025 年 4 月 15 日、2025 年 4 月 18 日以电子邮件/专人送达形式发出，会议于 2025 年 4 月 29 日在上海市 虹口区东大名路 670 号以现场及视频会议的方式召开。会议由公司董事长任永强 先生主持，公司应出席会议董事 9 名，实到 9 名。公司监事及高级管理人员列席 了会议。会议的召开符合《中华人民共和国公司法》和本公司《公司章程》的有 关规定。与会董事听取并审议通过了以下议案： 一、审议并通过《关于公司 2025 年第一季度报告的议案》 经审议，董事会批准发布公司 2025 年第一季度报告。 表决情况：9 票赞成，0 票反对，0 票弃权。 二、审议并通过《关于修订公司<募集资金专项存储及使用管理 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 5,753,004,599.20, a decrease of 4.01% compared to CNY 5,837,973,993.47 in the same period last year[4] - Net profit attributable to shareholders decreased by 43.31% to CNY 707,702,522.84 from CNY 1,235,674,062.54 year-on-year[4] - Basic earnings per share fell by 43.33% to CNY 0.1483 from CNY 0.2590 in the previous year[5] - The net cash flow from operating activities was CNY 1,028,994,836.35, down 29.96% from CNY 1,426,295,384.68 in the same period last year[4] - The company reported a total comprehensive income of RMB 698,090,302.58 for Q1 2025, down from RMB 1,504,578,165.39 in Q1 2024[21] - The company’s total operating profit for Q1 2025 was RMB 974,437,520.37, a decrease of 38.14% from RMB 1,575,160,420.28 in Q1 2024[20] - Net profit for Q1 2025 was RMB 801,240,569.00, down 40.36% from RMB 1,343,295,671.04 in Q1 2024[21] - Earnings per share for Q1 2025 was RMB 0.1483, compared to RMB 0.2617 in Q1 2024, reflecting a decline of 43.25%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 81,746,381,969.46, reflecting a slight increase of 0.87% from CNY 81,042,317,159.52 at the end of the previous year[5] - The total assets as of March 31, 2025, amounted to RMB 81.75 billion, compared to RMB 81.04 billion as of December 31, 2024[18] - The total liabilities as of March 31, 2025, were RMB 41.81 billion, slightly down from RMB 42.06 billion at the end of 2024[18] - The company's long-term equity investments increased to RMB 13.17 billion as of March 31, 2025, compared to RMB 12.56 billion at the end of 2024[17] - The company's retained earnings rose to RMB 15.93 billion as of March 31, 2025, up from RMB 15.22 billion at the end of 2024[18] Cash Flow - Cash flow from operating activities for Q1 2025 was RMB 1,028,994,836.35, down 30.00% from RMB 1,469,134,552.85 in Q1 2024[23] - Cash flow from investing activities showed a net outflow of RMB 729,550,710.71 in Q1 2025, compared to a net outflow of RMB 2,327,695,808.10 in Q1 2024[24] - Cash flow from financing activities resulted in a net outflow of RMB 752,673,142.09 in Q1 2025, compared to a net outflow of RMB 1,191,265,882.71 in Q1 2024[24] - The company's cash and cash equivalents decreased to RMB 5.21 billion from RMB 5.66 billion at the end of 2024[16] - The company’s cash and cash equivalents at the end of Q1 2025 were RMB 5,211,527,756.86, compared to RMB 3,727,628,356.49 at the end of Q1 2024[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 107,927[9] - The largest shareholder, China Shipping Group Co., Ltd., holds 1,536,924,595 shares, accounting for 32.22% of the total shares[10] Operational Highlights - The company completed the acquisition of equity in a chemical supply chain-related enterprise in 2024, leading to retrospective adjustments in the Q1 2024 report[5] - In Q1 2025, the average daily earnings for VLCC TD3C (Middle East to China) were $39,404, which is higher than the average level over the past seven years but decreased by approximately 10% compared to Q1 2024[12] - The group's tanker capacity input increased by 16.3% year-on-year to 234,555 million ton-days, while the transportation volume (excluding time charter) rose by 13.8% to 47.91 million tons[13] - The LNG transportation business contributed a net profit of RMB 200 million in Q1 2025, representing a 58.7% increase quarter-on-quarter and a 12.3% increase year-on-year[14] - The oil tanker segment achieved operating revenue of RMB 4.97 billion in Q1 2025, a year-on-year decrease of 5.6%[13] - The gross profit margin for the oil tanker segment was approximately 17.5%, down 12.6 percentage points year-on-year[13]

Financial Performance - The operating revenue for the first quarter of 2025 was CNY 5,753,004,599.20, a decrease of 4.01% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 707,702,522.84, down 43.31% year-on-year[6]. - Basic and diluted earnings per share were both CNY 0.1483, reflecting a decline of 43.33% compared to the previous year[6]. - Total revenue for Q1 2025 was CNY 5,753,004,599.20, a decrease of 4.01% compared to CNY 5,993,141,250.70 in Q1 2024[27]. - Net profit for Q1 2025 was CNY 801,240,569.00, down 40.25% from CNY 1,343,295,671.04 in Q1 2024[27]. - Basic earnings per share for Q1 2025 was CNY 0.1483, compared to CNY 0.2617 in Q1 2024, reflecting a decline of 43.29%[28]. Cash Flow and Investments - The net cash flow from operating activities was CNY 1,028,994,836.35, a decrease of 29.96% from the same period last year[6]. - In Q1 2025, the company generated operating cash inflow of CNY 5,598,007,354.03, an increase of 8.0% compared to CNY 5,182,066,169.18 in Q1 2024[29]. - The net cash flow from operating activities for Q1 2025 was CNY 1,469,134,552.85, up from CNY 1,028,994,836.35 in Q1 2024, representing a growth of 43.0%[29]. - The company reported a net cash outflow from investing activities of CNY -2,327,695,808.10 in Q1 2025, compared to CNY -729,550,710.71 in Q1 2024, indicating a significant increase in investment expenditures[30]. - The ending cash and cash equivalents balance for Q1 2025 was CNY 5,211,527,756.86, compared to CNY 3,727,628,356.49 in Q1 2024, showing an increase of 39.8%[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 81,746,381,969.46, an increase of 0.87% from the end of the previous year[9]. - Total liabilities decreased to CNY 41,807,659,144.74 as of March 31, 2025, from CNY 42,057,159,780.00 as of December 31, 2024[25]. - Long-term borrowings increased to CNY 27,787,533,621.00 as of March 31, 2025, up from CNY 27,039,085,450.42 as of December 31, 2024[25]. - Total current assets as of March 31, 2025, amounted to RMB 10.24 billion, an increase from RMB 9.54 billion at the end of 2024[23]. - Total non-current assets remained stable at CNY 71,505,303,610.59 as of March 31, 2025, compared to CNY 71,506,603,439.02 as of December 31, 2024[25]. Shareholder Information - The total number of shareholders was 107,927 at the end of the reporting period[13]. - The largest shareholder, China Shipping Group Co., Ltd., held 32.22% of the shares[15]. - As of March 31, 2025, China Ocean Shipping Group held 676,639,159 A-shares, representing 46.40% of the total issued share capital of the company[19]. Operational Metrics - In Q1 2025, the average Time Charter Equivalent (TCE) for Very Large Crude Carriers (VLCC) was $39,404 per day, which is higher than the average over the past seven years but decreased by approximately 10% compared to Q1 2024[18]. - The Group's oil transportation capacity increased by 16.3% year-on-year to 234,555 thousand tons per day, while the transportation volume (excluding time charter) rose by 13.8% to 47.91 million tons[20]. - The Group's revenue from the oil tanker segment was RMB 4.97 billion, a decrease of 5.6% year-on-year, with operating costs rising by 11.3% to RMB 4.10 billion[20]. - The gross profit margin for the oil tanker segment was approximately 17.5%, down 12.6 percentage points year-on-year[20]. - The Group's foreign trade oil transportation business achieved a gross profit of RMB 540 million, a decrease of 55.9% year-on-year due to lower freight rates[20]. - The average TCE for LR2 tankers was $28,073 per day, reflecting a year-on-year decrease of approximately 50%[18]. Future Outlook - The company completed the acquisition of controlling stakes in logistics-related enterprises in 2024, which was treated as a business combination under common control[10]. - The Group expects the delivery of 5 new vessels between April and December 2025[18].

中远海运能源运输股份有限公司 2025 年 4 月 29 日 关于公司 2025 年度向特定对象发行 A 股股票 申请获得上海证券交易所受理的公告 本公司将根据进展情况，严格按照上市公司向特定对象发行 A 股股票相关 法律法规的要求进行信息披露，敬请投资者注意投资风险。 特此公告。 证券代码：600026 证券简称：中远海能 公告编号：2025-024 中远海运能源运输股份有限公司董事会 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"本公司"）于 2025 年 4 月 29 日收到上海证券交易所（以下简称"上交所"）出具的《关于受理中远海运能源 运输股份有限公司沪市主板上市公司发行证券申请的通知》（上证上审（再融资） [2025]132 号）。上交所依据相关规定对本公司报送的沪市主板上市公司发行证券 的募集说明书及相关申请文件进行了核对，认为该项申请文件齐备，符合法定形 式，决定予以受理并依法进行审核。 公司 2025 年度向特定对象发行 A 股股票事项尚需经上交所审核通过，并获 得 ...

证券代码：600026 证券简称：中远海能 中远海运能源运输股份有限公司 2025 年度向特定对象发行 A 股股票 募集说明书 （申报稿） 保荐人（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二零二五年四月 中远海运能源运输股份有限公司 2025年度向特定对象发行A股股票募集说明书 声 明 本公司及全体董事、监事、高级管理人员承诺募集说明书及其他信息披露资 料不存在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整 性承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、准确、完整。 中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断 或保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引 ...