Financial Performance - The group's revenue increased from RMB 18.567 billion in 2022 to RMB 21.912 billion in 2023, representing an increase of approximately RMB 3.345 billion or 18%[2] - The profit attributable to equity holders for 2023 was RMB 3.349 billion, compared to RMB 1.461 billion in 2022, marking a significant increase[4] - Basic and diluted earnings per share for 2023 were both RMB 0.7019, up from RMB 0.3064 and RMB 0.3060 in 2022[4] - The total comprehensive income for 2023 was RMB 3.837 billion, compared to RMB 3.645 billion in 2022, indicating a growth in overall profitability[4] - The gross profit for 2023 was RMB 6.495 billion, compared to RMB 3.409 billion in 2022, highlighting improved operational efficiency[3] - The company reported a pre-tax profit of RMB 4.740 billion for 2023, significantly higher than RMB 2.753 billion in 2022, indicating strong operational performance[3] - The company achieved a net profit attributable to equity holders of RMB 3,348,717,000 for the year ended December 31, 2023, compared to RMB 1,460,862,000 in 2022, marking an increase of approximately 129.5%[34] Assets and Liabilities - The total assets as of December 31, 2023, amounted to RMB 72.084 billion, an increase from RMB 68.250 billion in 2022[5] - Non-current liabilities increased to RMB 26.254 billion in 2023 from RMB 24.089 billion in 2022, reflecting a rise in financial obligations[6] - Current liabilities decreased from RMB 10.591 billion in 2022 to RMB 8.726 billion in 2023, indicating improved short-term financial health[7] - The total equity attributable to equity holders increased to RMB 34.392 billion in 2023 from RMB 31.571 billion in 2022, showing a strengthening of the company's financial position[8] - The total liabilities for the oil transportation segment decreased to RMB 21,842,913,000 in 2023 from RMB 24,162,945,000 in 2022, a reduction of approximately 9.3%[23] Revenue Segmentation - The company operates primarily in two business segments: oil transportation and LNG transportation, each representing a strategic business unit with distinct risks and returns[20] - The LNG segment generated revenue of RMB 20,091,575,000 with a profit of RMB 1,820,881,000, compared to RMB 17,247,983,000 and RMB 1,318,812,000 in 2022, indicating a revenue increase of 16.7%[21] - The company reported a 22.6% increase in foreign trade oil transportation revenue, totaling RMB 13.92 billion, with a gross profit margin of 29.8%, up 16.9 percentage points[47] Operational Efficiency - The company's net cash generated from operating activities for the reporting period was approximately RMB 8.66 billion, an increase of about 110% compared to RMB 4.13 billion for the previous year[55] - The company's gross profit margin improved by 11.2 percentage points year-on-year, reaching 29.6%[45] - The company actively developed high-revenue shipping routes, enhancing its operational efficiency and diversifying customer resources[48] Future Outlook - In 2024, global oil demand is expected to increase by 1.24 million barrels per day, primarily driven by China and India[76] - The company plans to add 6 LNG vessels with a total capacity of 104,100 cubic meters in 2024, while disposing of 4 oil tankers with a total deadweight tonnage of 729,000 tons[81] - The company anticipates achieving operating revenue of RMB 22.3 billion and operating costs of RMB 15.8 billion in 2024[81] Corporate Governance - The company has established five specialized committees within the board of directors to enhance governance and accountability[99] - The company maintains compliance with the corporate governance code as per the listing rules throughout the year ending December 31, 2023[99] - The company’s board of directors is committed to enhancing shareholder value and ensuring independent oversight by separating the roles of chairman and CEO[99] Environmental and Social Responsibility - The company implemented a green low-carbon transformation plan to strengthen its ESG governance[44] - The company is committed to green and intelligent transformation, developing new energy-powered vessels and applying low-carbon technologies[86] Employee and Talent Management - The total number of employees as of December 31, 2023, was 7,911, a decrease from 8,384 on February 28, 2023[103] - Employee costs for the reporting period were approximately RMB 3.599 billion, compared to approximately RMB 3.678 billion in the previous year[103] - The company will focus on building a high-quality talent pool and optimizing internal talent reserves to drive sustainable development[89]

Investment Rating - The report maintains a rating of "Buy" for the company [4]. Core Views - The VLCC freight rates have exceeded expectations during the off-season, confirming that the oil shipping capacity utilization is at a threshold level, indicating a strategic focus is necessary. The oil shipping industry is expected to see continued improvement in supply and demand over the next few years, with a sustained or even exceeding expected boom [3]. - The report forecasts the company's net profit for 2023-2025 to be 3.5 billion, 7.2 billion, and 8.6 billion RMB respectively, with a target price of HKD 11.87 [3]. - The recent surge in freight rates has validated that capacity utilization is near its threshold. The TCE for VLCC has recently surged to USD 70,000, showcasing unexpected elasticity in freight rates during the traditional off-season [3]. - The geopolitical situation in the Red Sea is gradually diminishing in impact, presenting a favorable opportunity for oil shipping [3]. Financial Summary - Revenue for 2021 was 12,699 million RMB, with projections of 18,658 million RMB for 2022, 22,912 million RMB for 2023, 28,704 million RMB for 2024, and 31,511 million RMB for 2025, reflecting a growth rate of 47% in 2022 and 23% in 2023 [2]. - The net profit is projected to recover from a loss of 4,975 million RMB in 2022 to 1,457 million RMB in 2023, and further to 3,538 million RMB in 2024, with a growth rate of 143% [2]. - The PE ratio is expected to improve significantly, with estimates of 22.98 for 2023, 9.47 for 2024, and 4.65 for 2025 [2]. Market Data - The current stock price is HKD 7.65, with a market capitalization of 36,496 million HKD and a 52-week price range of HKD 6.11 to 9.32 [4].

证券代码：600026 证券简称：中远海能 公告编号：临 2023-044 公司执行董事、总经理朱迈进先生为本次股票期权激励计划的激励对象，作 为关联董事，对本项议案回避表决。 本议案已经公司董事会薪酬与考核委员会审议通过。董事会薪酬与考核委员 经核查认为：根据《中远海运能源运输股份有限公司股票期权激励计划（草案修 订稿）》相关规定，公司 2018 年股票期权激励计划第三期公司层面的生效业绩条 中远海运能源运输股份有限公司 二〇二三年第九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 担个别及连带责任。 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"） 二〇二三年第九次董事会会议通知和材料于 2023 年 11 月 22 日以电子邮件/专人 送达形式发出，会议于 2023 年 11 月 27 日以通讯表决的方式召开。本公司所有 八名董事参加会议，会议的召开符合《中华人民共和国公司法》（以下简称"《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 ...

上海市北京西路 968 号嘉地中心 23-25 层 邮编：200041 23-25/F, Garden Square, 968 West Beijing Road, Shanghai 200041, China 电话/Tel: +86 21 52341668 传真/Fax: +86 21 52433320 网址/Website: http://www.grandall.com.cn 二〇二三年十一月 国浩律师（上海）事务所 关于 中远海运能源运输股份有限公司 2018 年股票期权激励计划第三个行权期行 权条件未达成暨注销所有已获授但未行权 股票期权相关事宜 之 法律意见书 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于中远海运能源运输股份有限公司 2018 年股票期权激励计划第三个行权期行权条件未达成暨注销所有 已获授但未行权股票期权相关事宜之 法律意见书 致：中远海运能源运输股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受中远海运能源运输股份 有限公司（以下简称"中远海能"或"公司"）的委托，根据《中华人民共和国公 司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 ...

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"） 二〇二三年第七次监事会会议通知和材料于2023年11月22日以电子邮件/专人送 达形式发出，会议于2023年11月27日以通讯表决方式召开。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。与会监事审议并通过了以下议案： 一、审议并通过《关于公司 2018 年股票期权激励计划第三个行权期行权条 件未达成暨注销所有已获授但未行权股票期权的议案》 公司监事会对公司 2018 年股票期权激励计划第三个行权期行权条件进行了 审核，经核查认为：根据《上市公司股权激励管理办法》等相关法律、法规和规 范性文件以及《中远海运能源运输股份有限公司股票期权激励计划（草案修订稿）》 的相关规定，公司 2018 年股票期权激励计划股票期权第三个行权期行权条件未 成就，注销因公司未达成 2018 年股票期权激励计划第三个行权期行权条件及第 二个行权期届满未行权而应注销的股票期权，情况属实，程序合规，不存在虚假、 故意隐瞒或致人重大误解之处，符合相关法律、法规及规范性文件规定。 公司监事会同意公司注销 2018 ...

根据《上市公司治理准则》《上海证券交易所股票上市规则》《上市公司股权 激励管理办法》《国有控股上市公司（境内）实施股权激励试行办法》《关于规范 国有控股上市公司实施股权激励制度有关问题的通知》以及《中远海运能源运输 股份有限公司章程》等有关规定，我们本着对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"）、全体股东负责的态度，在查阅有关规 定后，就公司2018年股票期权激励计划第三个行权期行权条件未达成暨注销所有 已获授但未行权股票期权事项发表独立意见如下： 中远海能独立董事关于公司 2018 年股票期权激励计划 第三个行权期行权条件未达成 暨注销所有已获授但未行权股票期权的独立意见 赵劲松 王祖温 二〇二三年十一月二十七日 2 我们经核查认为：根据《中远海运能源运输股份有限公司股票期权激励计划 （草案修订稿）》相关规定，公司2018年股票期权激励计划第三个行权期公司层 面的生效业绩条件未成就。 鉴于公司2018年股票期权激励计划第三个行权期公司层面的生效业绩条件 未成就，根据《上市公司股权激励管理办法》等相关法律、法规和规范性文件以 及《中远海运能源运输股份有限公司股票期权激励计划 ...

证券代码：600026 证券简称：中远海能 公告编号：临 2023-046 中远海运能源运输股份有限公司 关于公司 2018 年股票期权激励计划第三个行权期行权条件 未达成暨注销所有已获授但未行权股票期权的公告 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 担个别及连带责任。 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 2023 年 11 月 27 日召开 2023 年第九次董事会会议及 2023 年第七次监事 会会议，审议通过了《关于公司 2018 年股票期权激励计划第三个行权期行权条 件未达成暨注销所有已获授但未行权股票期权的议案》，公司董事会及监事会认 为公司 2018 年股票期权激励计划（以下简称"2018 年激励计划"）第三个行权 期行权条件未成就，公司董事会同意注销 2018 年激励计划第三个行权期相应 9,264,660 份股票期权，一并注销第二个行权期届满激励对象已获授但未行权的 907,660 份股票期权，上述两项合计注销 10,172,320 份股票期权，现对有关事项 公告如下： ...

证券代码：600026 证券简称：中远海能 公告编号： 临 2023-043 中远海运能源运输股份有限公司 关于参加中远海运集团控股上市公司 2023 年三季度报告集体业绩说明会的公告 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： 会议召开时间：2023 年 11 月 9 日（星期四）下午 15:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 11 月 2 日（星期四）至 11 月 8 日（星期三） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公 司邮箱 ir.energy@coscoshipping.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 中远海运能源运输股份有限公司（以下简称"公司"）已于 2023 年 10 月 26 日晚发布了公司 2023 年第三季度报告，为进一步加强投 资者沟通，推进公司高质量发展，根据中 ...

Financial Performance - Operating revenue for Q3 2023 reached RMB 4,959,218,430.74, a 1.52% increase compared to RMB 4,884,790,280.95 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was RMB 907,629,044.17, representing an 88.69% increase from RMB 481,049,794.56 in the previous year[5]. - Basic earnings per share for Q3 2023 increased to RMB 0.1903, up 88.75% from RMB 0.1008 in the same period last year[5]. - Year-to-date operating revenue as of September 30, 2023, was RMB 16,534,602,106.32, a 33.37% increase from RMB 12,397,423,788.50 in the previous year[6]. - Net profit attributable to shareholders for the year-to-date period was RMB 3,713,864,739.82, a significant increase of 480.49% compared to RMB 639,894,248.27 last year[6]. - Operating profit for the first nine months of 2023 was ¥4,965,622,292.51, compared to ¥1,062,874,279.37 in the previous year, reflecting a significant increase[17]. - Net profit attributable to the parent company for the first nine months of 2023 was ¥4,008,126,553.86, up from ¥883,524,383.51 in the same period of 2022, marking a growth of 353.5%[17]. Assets and Liabilities - Total assets as of September 30, 2023, amounted to RMB 72,339,219,200.50, reflecting a 5.99% increase from RMB 68,250,082,337.87 at the end of the previous year[7]. - Total liabilities as of September 30, 2023, amounted to ¥35,208,809,073.94, slightly up from ¥34,679,692,078.86 at the end of 2022[16]. - Total equity increased to ¥37,130,410,126.56 as of September 30, 2023, compared to ¥33,570,761,859.04 at the end of 2022, showing a growth of 10.5%[16]. - The company’s long-term equity investments increased to RMB 10.710 billion as of September 30, 2023, compared to RMB 9.770 billion at the end of 2022[15]. - The total assets as of September 30, 2023, were reported at ¥72,339,219,200.50, an increase from ¥68,250,453,937.90 at the end of 2022[16]. Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 6,535,299,505.96, a 252.50% increase from RMB 1,853,988,307.69 in the previous year[6]. - Operating cash flow for the period reached RMB 6,535,299,505.96, a significant increase from RMB 1,853,988,307.69 in the previous year, representing a growth of approximately 252%[19]. - Total cash inflow from operating activities amounted to RMB 17,275,866,857.88, compared to RMB 11,621,580,405.06 in the same period last year, indicating a year-over-year increase of about 48%[19]. - The total cash inflow from operating activities was significantly higher than cash outflow, resulting in a net cash flow of RMB 1,688,765,618.82 for the period, compared to RMB 1,269,263,814.40 last year, an increase of approximately 33%[20]. - Cash and cash equivalents stood at RMB 5.928 billion as of September 30, 2023, up from RMB 4.240 billion at the end of 2022[15]. Transportation Segment Performance - The company reported a significant increase in foreign trade tanker transportation market rates compared to the same period last year, contributing to the improved financial performance[10]. - The operating revenue for the tanker transportation segment reached RMB 15.139 billion in the first three quarters of 2023, representing a year-on-year growth of 33%[14]. - The gross profit for the tanker transportation segment was RMB 4.592 billion, a significant increase of 411% year-on-year[14]. - The net profit attributable to shareholders from LNG transportation business was RMB 617 million, reflecting a year-on-year growth of 7.39%[14]. - The company reported a 0.7% year-on-year decrease in transportation volume (excluding time charter) to 12.906 million tons in the first three quarters of 2023[14]. Shareholder Information - As of September 30, 2023, the total number of shareholders is 66,793, with the top ten shareholders holding a combined 45.20% of the total issued shares[11][12]. Research and Development - Research and development expenses increased to ¥16,711,414.30 in 2023 from ¥8,030,937.33 in 2022, indicating a focus on innovation[17].

证券代码：600026 证券简称：中远海能 公告编号：临 2023-042 中远海运能源运输股份有限公司 2023 年股票期权激励计划（草案）摘要公告 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： 一、 公司基本情况 （一）中远海运能源运输股份有限公司（以下简称 "中远海能"或 "公司"）是中国远洋海运集团有限公司旗下从事油品和天然气等能源 运输的专业化公司，其前身为中海发展股份有限公司，于 1996 年 7 月 26 日成立。公司股票于 1994 年 11 月 11 日于香港联交所上市，并 1 股权激励方式：股票期权 股份来源：定向发行 股权激励的权益总数及涉及的标的股票总数：本计划拟向激励对 象授予股票期权共计 28,081,900 股，涉及的标的股票种类为人民 币 A 股普通股，约占本计划公告时公司股本总额的 0.589%。其 中，首批授予的期权总量为 22,465,500 股，约占本计划公告时公 司股本总额的 0.471%,占本计划总量的 80%；预留期权总量为 5,616,400 股，约占本计划公 ...