翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中遠海運控股股份有限公司 呈交日期： 2024年11月5日 FF305 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分 ...

Summary of Conference Call Company and Industry Overview - The conference call focused on the performance of China Merchants Industry Holdings (Central Shipping Control) and the shipping industry, particularly in relation to the North American routes and the impact of market dynamics on shipping rates and demand. Key Points and Arguments Financial Performance - Central Shipping Control reported a quarterly revenue of 73.5 billion yuan and an operating profit of 21.2 billion yuan, representing year-on-year growth of 72% and 286% respectively [1] - Year-to-date revenue reached 174.7 billion yuan, with a year-on-year increase of 30%, and operating profit of 38 billion yuan, up 72% year-on-year [1] Market Dynamics - The shipping demand for the West Coast of the U.S. is expected to decline in the coming weeks due to the end of the pre-Christmas inventory buildup, with loading rates not reaching full capacity [2] - In contrast, the East Coast is experiencing a recovery in shipping demand following a recent strike, with loading rates remaining high and some instances of overcapacity [2][3] - The General Rate Increase (GRI) for the East Coast has seen a rise of $600 per container, reaching $5,000 to $5,200, while the West Coast rates remain stable at approximately $4,400 to $4,500 [3] Future Outlook - The company anticipates maintaining a loading rate of 95% to 100% over the next four weeks, which is considered satisfactory compared to traditional fourth-quarter performance [3] - The company is preparing for long-term contract negotiations for 2025, with expectations of price increases, although not as significant as previous years due to market conditions [5][16] Internal Trade and Capacity - Despite a decline in revenue per container in domestic trade, the volume of cargo transported has significantly increased, attributed to strategic efforts in route planning and market share gains from competitors [6][7] - The company plans to continue expanding its fleet, having ordered 56 container ships since 2021, with a total capacity of 1 million TEU [10][11] Environmental Regulations - The introduction of carbon taxes in Europe is expected to add approximately $100 million in costs annually, which the company plans to share with customers through additional fees [17][18] Shareholder Returns and Capital Expenditure - The company has initiated share buybacks and has a dividend policy that aims to distribute 30% to 50% of net profits to shareholders [19][21] - Future capital expenditures will focus on shipbuilding, port development, and supply chain enhancements, with a significant portion of cash reserves allocated for these investments [22][23] Market Competition - The restructuring of alliances in the shipping industry may lead to short-term impacts on service offerings, but the company remains confident in its competitive position and service quality [8][9] Additional Important Information - The company is actively investing in digital transformation to improve operational efficiency and customer service [23] - The overall sentiment regarding the shipping market remains cautious, with expectations of modest growth in demand and supply dynamics in the coming year [16][17] This summary encapsulates the key insights from the conference call, highlighting the company's performance, market conditions, and strategic outlook.

公司名稱： 中遠海運控股股份有限公司 呈交日期： 2024年11月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01919 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | ...

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: 2024年10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: 中遠海運控股股份有限公司 呈交日期: 2024年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01919 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,199,780,000 | RMB | | 1 | RMB | | 3,199,780,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 3,199,780,000 | RMB | | 1 | RMB | | 3,199,780,000 | | ...

Investment Rating - The report maintains a "Recommended" rating for China COSCO Shipping Holdings Co., Ltd. (601919) [1] Core Views - The company reported a significant increase in net profit for Q3 2024, reaching 21.3 billion yuan, a year-on-year increase of 286% and a quarter-on-quarter increase of 110% [1] - The report highlights the strong performance in the container shipping business, driven by high freight rates amid geopolitical disturbances [1][2] - The company is committed to shareholder returns, planning to distribute cash dividends amounting to 30%-50% of net profit and initiating a share buyback program [1] Financial Performance Summary - **Revenue and Profit**: For the first three quarters of 2024, the company achieved a revenue of 174.7 billion yuan, a year-on-year increase of 29.8%, and a net profit of 38.1 billion yuan, up 72.7% [1] - **Cost and Margin**: In Q3 2024, operating costs were 43.5 billion yuan, a year-on-year increase of 16.1%, with a gross margin of 40.8%, up 28.6 percentage points [1] - **Market Conditions**: The average CCFI (China Containerized Freight Index) for the first three quarters of 2024 was 1576 points, a year-on-year increase of 63% [1] Container Shipping Business Summary - **Revenue Growth**: Container shipping revenue in Q3 2024 was 71.4 billion yuan, a year-on-year increase of 74.3% [1] - **Volume and Rates**: The container throughput was 6.58 million TEUs, up 8.6% year-on-year, with an average revenue per container of 1,444 USD/TEU, an increase of 67.2% [1] - **Profitability**: The gross margin for the container shipping business was 40.9%, up 30.1 percentage points year-on-year [1] Terminal Business Summary - **Revenue and Costs**: Terminal business revenue in Q3 2024 was 2.85 billion yuan, a year-on-year increase of 9.4%, with costs at 2.03 billion yuan, up 11.8% [1] - **Throughput**: The total throughput for terminals was 37.41 million TEUs, a year-on-year increase of 5.1% [1] Investment Recommendations - **Earnings Forecast**: The report adjusts the profit forecast for 2024-2026 to 49.8 billion, 23.3 billion, and 22.9 billion yuan respectively, with corresponding EPS of 3.12, 1.46, and 1.43 yuan [1][2] - **Long-term Outlook**: The company is expected to benefit from high freight rates in the short term and is viewed positively for its long-term value enhancement through transformation initiatives [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中遠海運控股股份有限公司 呈交日期： 2024年11月1日 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01919 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | | 於下列日期開始時的結存(註1) | 2024年10月31日 | | 3,199,780,00 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][11] Core Views - The company reported strong performance in Q3 2024, with a significant increase in revenue and net profit. For the first three quarters, the company achieved a revenue of 1747.37 billion yuan, up 29.80% year-on-year, and a net profit of 381.24 billion yuan, up 72.73% year-on-year [1][4][7] - The increase in revenue and profit was driven by a substantial rise in freight rates, as indicated by the CCFI index, which reached an average of 1991 points in Q3, a significant increase of 552 points from Q2 [1][7] - The company's container throughput for the first three quarters was 10726.73 million TEU, reflecting a year-on-year growth of 7.08% [8] Summary by Sections Financial Performance - In Q3 2024, the company achieved a revenue of 735.13 billion yuan, a year-on-year increase of 72.00%, and a net profit of 212.54 billion yuan, up 285.70% year-on-year [1][4] - For the first three quarters, the company’s total freight volume was 1903.97 million TEU, a year-on-year increase of 9.07% [7] - The company’s revenue from shipping routes reached 1577.50 billion yuan, up 32.56% year-on-year, with notable increases in various routes [7] Market Conditions - The report highlights that the Red Sea crisis has temporarily increased the demand-supply mismatch in the shipping industry, leading to improved market conditions [1][9] - However, it is noted that the impact of the Red Sea crisis on growth is beginning to diminish, and freight rates are expected to gradually decline in Q4 [1][9] Future Outlook - The earnings forecasts for 2024-2026 have been revised upwards due to the better-than-expected Q3 performance, with projected net profits of 466.0 billion yuan for 2024 [1][9] - The report maintains a cautious outlook on Q4 performance, emphasizing the need to monitor consumer demand in Europe and the US [1][9]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company reported a significant increase in revenue and net profit for Q1-Q3 2024, with revenue reaching 174.74 billion RMB, a year-on-year growth of 29.8%, and net profit of 38.12 billion RMB, up 72.7% [1] - In Q3 2024, the company achieved revenue of 73.51 billion RMB, a 72% increase year-on-year, and net profit of 21.25 billion RMB, reflecting a remarkable growth of 285.7% [1] - The increase in revenue is attributed to multiple factors including the peak season in the Europe and America mainline market, growth in emerging markets, and ongoing geopolitical tensions in the Red Sea region [1] - The average CCFI composite index for Q1-Q3 2024 was 1573.5, up 63% year-on-year, with Q3's average index at 1990.8, a 127% increase [1] - The company’s gross margin improved to 59.2% in Q3 2024, an increase of 28.6 percentage points year-on-year, driven by rising export freight rates [1] Summary by Sections Revenue and Profitability - For Q1-Q3 2024, the company reported total revenue of 1747.4 billion RMB, with a year-on-year growth of 29.8% and a net profit of 381.2 billion RMB, up 72.7% [1] - Q3 2024 saw a revenue of 735.1 billion RMB, a 72% increase year-on-year, and a net profit of 212.5 billion RMB, reflecting a 285.7% growth [1] Operational Analysis - The company’s container shipping volume in Q3 2024 was 6.58 million TEU, an 8.6% increase year-on-year, with estimated revenue per container on foreign trade routes at 1443.8 USD/TEU, a 67.2% increase [1] - The company’s gross margin for Q3 2024 was 59.2%, up 28.6 percentage points year-on-year, while the expense ratio decreased slightly to 2.36% [1] Dividend and Fleet Optimization - The company proposed a mid-term dividend of 0.52 RMB per share, with a total cash dividend of approximately 8.3 billion RMB, representing 49.2% of its net profit for the first half of 2024 [1] - The fleet structure continues to be optimized, with the delivery of five energy-efficient vessels and three ultra-large vessels, maintaining the company’s position in the industry [1] Profit Forecast and Rating Adjustment - The profit forecast for 2024-2026 has been revised upwards to 49.2 billion RMB, 23.2 billion RMB, and 20.4 billion RMB respectively, from previous estimates of 45.2 billion RMB, 19.9 billion RMB, and 17.2 billion RMB [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中遠海運控股股份有限公司 呈交日期： 2024年10月31日 第 1 頁 共 7 頁 v 1.3.0 | | | FF305 第 2 頁 共 7 頁 v 1.3.0 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： (註7) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- ...

Financial Performance - The total revenue for the third quarter reached RMB 134.62 billion, representing a year-on-year increase of 72.73%[5] - The net profit attributable to shareholders for the quarter was RMB 22.07 billion, showing a significant increase compared to the same period last year[5] - The cash flow from operating activities for the quarter was RMB 20.52 billion, indicating strong operational performance[5] - Operating revenue for the reporting period increased by 72.00% due to moderate growth in container shipping volume and significant increase in revenue per container[8] - Net profit attributable to shareholders for the reporting period surged by 285.70% reflecting improved efficiency in container shipping operations[8] - Net profit attributable to shareholders for the year-to-date increased by 72.73% compared to the previous year, indicating strong operational performance[8] - Basic earnings per share for the reporting period reached 291.18 RMB, a significant increase of 291.18% year-on-year[8] - Total operating revenue for the first three quarters of 2024 reached ¥174.74 billion, a 30% increase from ¥134.62 billion in the same period of 2023[38] - Net profit for the first three quarters of 2024 was ¥43.35 billion, compared to ¥26.00 billion in 2023, representing a 67% increase[39] - Earnings attributable to shareholders of the parent company for the first three quarters of 2024 were ¥38.12 billion, up from ¥22.07 billion in 2023, marking a 73% increase[39] Cash Flow and Assets - The cash flow from operating activities for the year-to-date rose by 151.91%, showcasing enhanced cash generation capabilities[8] - The total assets at the end of the reporting period amounted to RMB 462.57 billion, reflecting a year-on-year growth of 13.49%[5] - The company's current assets totaled 216,412,896,941.46 RMB as of September 30, 2024, up from 202,579,526,858.83 RMB at the end of 2023[33] - The total assets increased to 488,721,014,374.69 RMB as of September 30, 2024, compared to 462,570,619,365.72 RMB at the end of 2023[34] - The cash and cash equivalents amounted to 190,844,278,982.70 RMB as of September 30, 2024, compared to 182,356,136,871.00 RMB at the end of 2023[33] - The total cash and cash equivalents at the end of September 2024 amounted to RMB 189.34 billion, compared to RMB 197.85 billion at the end of 2023[45] Shareholder Information - The top shareholder, China Ocean Shipping Company, holds 5,924,873,037 shares, representing 37.12% of total shares[9] - The second-largest shareholder, HKSCC Nominees Limited, owns 3,189,815,504 shares, accounting for 19.99% of total shares[9] - The total number of ordinary shareholders at the end of the reporting period was 359,206[9] - China Ocean Shipping Group directly and indirectly holds a total of 7,009,619,897 shares, approximately 43.92% of the company's total equity[11] Business Strategy and Future Outlook - The company plans to expand its market presence through new product development and strategic acquisitions in the upcoming quarters[2] - The management expressed optimism about future growth, citing favorable market conditions and operational efficiencies[2] - The company is focusing on enhancing its dual-brand strategy to capture a larger market share in container shipping services[4] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and service offerings[31] - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[50] Operational Metrics - The group's container shipping business handled a total cargo volume of 19.040 million TEUs in the first three quarters of 2024, representing a year-on-year increase of 9.07%[17] - The total cargo volume for Q3 2024 was 6.580 million TEUs, an increase of 8.58% compared to Q3 2023[18] - Revenue from the Trans-Pacific route in Q3 2024 was RMB 22.090 billion, a year-on-year increase of 115.08%[21] - The total revenue for the group in Q3 2024 was RMB 67.362 billion, reflecting a growth of 79.78% compared to the same period last year[21] - The EBIT for the container shipping business in the first three quarters of 2024 was RMB 48.89 billion, up 79.49% from RMB 27.25 billion in the same period of 2023[25] - The EBIT margin improved to 28.95% in the first three quarters of 2024, an increase of 7.87 percentage points from 21.08% in the same period of 2023[25] Comprehensive Income - Total comprehensive income for the first three quarters of 2024 reached RMB 42.59 billion, a significant increase from RMB 29.35 billion in the same period of 2023, representing a growth of approximately 45%[41] - The total comprehensive income attributable to the parent company for the first three quarters of 2024 was RMB 37.67 billion, compared to RMB 24.73 billion in 2023, marking an increase of approximately 52%[41] Research and Development - Research and development expenses for the first three quarters of 2024 were ¥768.77 million, slightly up from ¥757.18 million in 2023[38] - Research and development expenses were not specified but are a key focus for future growth and innovation[50]