Core Viewpoint - The company reported a significant increase in revenue and container throughput for the nine months ending September 30, 2025, compared to the same period in 2024 [1] Financial Performance - Revenue increased from approximately $2.1085 billion for the nine months ending September 30, 2024, to about $2.459 billion for the same period in 2025, representing a growth of approximately 16.6% [1] - The average freight rate (excluding slot exchange fee income) rose to $754.9 per TEU in the nine months ending September 30, 2025, up from $691.0 per TEU in the same period of 2024, marking an increase of about 9.2% [1] Operational Metrics - The company's container throughput reached 2.7498 million TEUs for the nine months ending September 30, 2025, which is an increase of approximately 7.8% from 2.5505 million TEUs in the same period of 2024 [1]

Core Insights - The company, Haifeng International, reported a revenue increase of approximately 16.6%, rising from about $2.1085 billion for the nine months ending September 30, 2024, to approximately $2.459 billion for the nine months ending September 30, 2025 [1] Revenue Performance - Revenue for the nine months ending September 30, 2025, is approximately $2.459 billion, up from $2.1085 billion in the same period of 2024, reflecting a growth of about 16.6% [1] Container Volume - The total container volume for the nine months ending September 30, 2025, reached 2.7498 million TEUs, which is an increase of approximately 7.8% compared to 2.5505 million TEUs in the same period of 2024 [1] Average Freight Rate - The average freight rate (excluding slot exchange fee revenue) for the nine months ending September 30, 2025, was $754.9 per TEU, representing an increase of about 9.2% from $691.0 per TEU in the same period of 2024 [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份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。 SITC International Holdings Company Limited 1308 (1)截至二零二五年九月三十日止九個月的未經審核經營數據 及 (2)有關二零二四年年報的補充公告 截至二零二五年九月三十日止九個月的未經審核經營數據 於年報日期，根據股份計劃可發行的股份總數為264,347,788股，相當於本公 司於該日期已發行股本約9.84%。 承董事會命 海豐國際控股有限公司 海豐國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）謹此公佈本集團截至二零二五年九月三十日止九個月的若干 未經審核經營數據及二零二四年同期的比較數字。 本集團的收入由截至二零二四年九月三十日止九個月的約2,108.5百萬美元增加 約16.6%至截至二零二五年九月三十日止九個月的約2,458.9百萬美元。截至二 零二五年九月三十日止九個月，本集團的集裝箱運量為2,749 ...

Core Insights - The Hong Kong High Dividend ETF (159302) closed up 1.30% on October 16, with a trading volume of 14.12 million yuan [1] - The fund was established on August 23, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 15, 2024, the fund's latest share count was 84.80 million, with a total size of 111 million yuan, reflecting a decrease of 22.06% in shares and 8.55% in size since December 31, 2024 [1] Fund Performance - The current fund manager, Zhang Yichi, has managed the fund since its inception, achieving a return of 28.93% during his tenure [2] - The fund's performance benchmark is the China Securities Hong Kong Stock Connect High Dividend Investment Index [1] Holdings Overview - Major holdings in the fund include: - COSCO Shipping Holdings (8.68% of holdings) - Yancoal Australia (6.17%) - Seaspan Corporation (4.28%) - Orient Overseas International (4.23%) - Minsheng Bank (4.22%) - CITIC Bank (4.07%) - China Petroleum (3.41%) - Guotai Junan Securities (3.41%) - Agricultural Bank of China (3.30%) - CNOOC (3.19%) [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]

Summary of Key Points Core Viewpoint - The report highlights the short-selling ratios and amounts for various companies, indicating significant market sentiment and potential investment opportunities or risks associated with these stocks [1][2]. Group 1: Short-Selling Ratios - Anta Sports-R (82020) and Great Wall Motors-R (82333) have the highest short-selling ratios at 100.00% [1][2]. - Tencent Holdings-R (80700) follows closely with a short-selling ratio of 95.69% [1][2]. - Other notable companies with high short-selling ratios include JD Group-SWR (89618) at 94.72% and Bank of China Hong Kong-R (82388) at 77.81% [2]. Group 2: Short-Selling Amounts - Alibaba-SW (09988) leads in short-selling amount with 3.213 billion [2]. - Xiaomi Group-W (01810) and Tencent Holdings (00700) follow with short-selling amounts of 1.740 billion and 1.605 billion, respectively [2]. - Other companies in the top short-selling amounts include Pop Mart (09992) at 1.290 billion and Baidu Group-SW (09888) at 1.044 billion [2]. Group 3: Deviation Values - Tencent Holdings-R (80700) has the highest deviation value at 47.78%, indicating a significant difference from its average short-selling ratio over the past 30 days [1][2]. - JD Group-SWR (89618) and China Lilang (01234) also show high deviation values of 45.61% and 44.19%, respectively [1][2]. - Other companies with notable deviation values include Great Wall Motors-R (82333) at 34.51% and SenseTime-WR (80020) at 34.02% [2].

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 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01308 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 | HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所 ...

Core Viewpoint - Daiwa's research report indicates that Sea Group (1308.HK) has issued a positive profit warning, expecting a net profit of $1.17 billion for the first half of the year, representing a year-on-year increase of approximately 140% [1] Financial Performance - The increase in profit is attributed to rising freight rates in the Asia region, expansion of business in the Asian market, and improved operational efficiency [1] - Daiwa has raised its earnings per share forecast for Sea Group for the fiscal years 2022 to 2024 by 2% to 17%, reflecting the better-than-expected profit warning [1] Market Expectations - It is estimated that the market will adjust its earnings forecasts upward, and the company is expected to have a dividend yield exceeding 20% [1] - The target price for Sea Group remains at HKD 60, with a reiterated "Buy" rating [1]

Group 1: Oil Shipping - The fourth quarter is a traditional peak season for oil shipping, with freight rates expected to rise starting in October [2][3] - Current freight rates reflect tight supply levels, and the demand for oil products in the Northern Hemisphere winter typically lasts for three months [1][2] - OPEC+ is expected to continue small production increases in October, contributing to sustained demand for shipping [1][2] Group 2: Near Coastal and Domestic Shipping - After the National Day holiday, freight rates for near coastal and domestic shipping are anticipated to gradually increase [3] - The near coastal shipping market has improved supply-demand dynamics this year, with no new supply of small vessels and aging fleets causing efficiency losses [3] - Increased cargo volumes between Southeast Asia and China, Japan, and South Korea are expected to support demand growth [3] Group 3: Dry Bulk Shipping - Historical data suggests that the BDI index typically rises in September and early October due to increased demand for grain shipments [4] - The post-holiday rush effect is likely to drive freight rates up after the National Day holiday, although rates may decline after the peak grain shipping period [4] - Winter energy demand is expected to boost transportation needs for coal and iron ore, leading to a potential rise in freight rates in late November [4] Group 4: Investment Opportunities - The company sees potential investment opportunities in the shipping sector due to ongoing supply tightness and marginal demand improvements [5] - Specific companies highlighted for potential growth include COSCO Shipping Energy (600026), China Merchants Energy Shipping (601872), China Merchants Jinling Shipyard (601975), Seaspan Corporation (01308), and Zhonggu Logistics (603565) [5]