Core Viewpoint - China COSCO Shipping Holdings Co., Ltd. (中远海控) announced the transfer of 2,610,063,089 A-shares (approximately 16.85% of total shares) from its parent company, China COSCO Shipping Group, to enhance resource allocation, optimize capital structure, and improve management efficiency [1] Group 1 - The transfer agreement has been signed between China COSCO Shipping Group and China COSCO Shipping Holdings [1] - After the transfer, China COSCO Shipping Group and its concerted parties will hold a total of 7,009,619,897 shares (approximately 45.25% of total shares) in China COSCO Shipping Holdings [1] - The direct controlling shareholder of China COSCO Shipping Holdings will change from China COSCO Shipping Group to China COSCO Shipping Group, but the actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council [1]

中遠海運控股股份有限公司 COSCO SHIPPING Holdings Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1919） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 以中文隨附之海外監管公告乃本公司於二零二六年一月四日在上海證券交易所的 網站( www.sse.com.cn )上以中文發佈。 承董事會命 中遠海運控股股份有限公司 公司秘書 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。 肖俊光 中華人民共和國，上海 二零二六年一月四日 於本公告日期，本公司董事為萬敏先生（董事長）、張峰先生 1 （副董事長）、 1 陶衛東先生 1 、朱濤先生 1 、徐飛攀先生 1 、馬時亨教授 2 、沈抖先生 2 及奚治月女士 2 。 1 中遠海運控股股份有限公司關於控股股東無償劃轉股份暨直接控股股東變更 的提示性公告 2 中遠海運控股股份有限公司關於以集中競價交易方式回購A股股份 ...

Group 1 - The company China COSCO Shipping Holdings Co., Ltd. (中远海控) announced a share buyback program, having repurchased a total of 55.1017 million A-shares as of December 31, 2025, which represents 0.356% of the company's total share capital as of the same date [1] - The highest purchase price for the repurchased shares was RMB 14.98 per share, while the lowest was RMB 14.86 per share [1] - The total amount paid for the repurchased shares reached RMB 824,617,581.85, excluding transaction fees [1]

格隆汇1月4日丨中远海控(601919.SH)公布，截至2025年12月31日，公司本轮通过上海证券交易所交易 系统以集中竞价交易方式累计回购A股股份5510.17万股，占公司截至2025年12月31日总股本的比例为 0.356%，购买的最高价为人民币14.98元/股、最低价为人民币14.86元/股，累计已支付的总金额为人民 币824,617,581.85元(不含交易费用)。 ...

证券代码：601919 证券简称：中远海控 公告编号：2026-002 一、回购股份的基本情况 2025 年 10 月 13 日，中远海运控股股份有限公司（以下简称"中远海控"、"公 司"）召开第七届董事会第二十二次会议，审议通过《关于中远海控回购公司股份 的议案》，具体内容详见公司于 2025 年 10 月 14 日披露的《中远海控关于以集中 竞价交易方式回购 A 股股份方案公告暨回购报告书》（公告编号：2025-049）。2025 年 10 月 30 日，公司召开第七届董事会第二十三次会议，审议通过了《关于维持 公司 A 股股份回购价格上限不做调整的议案》，具体内容详见公司于 2025 年 10 月 31 日披露的《关于维持公司 A 股股份回购价格上限的公告》（公告编号： 2025-54）。 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： | 回购方案首次披露日 | 2025 年 14 | 10 | 月 | 日 | | --- | --- | --- | --- | --- | | 回购方案实施期限 | 董 ...

证券代码：601919 证券简称：中远海控 公告编号：2026-001 中远海运控股股份有限公司 关于控股股东无偿划转股份暨直接控股股东变更的 提示性公告 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： 为提升中远海运集团总部资源配置能力，优化资本架构，提升管 理效率，中远集团将其持有的本公司2,610,063,089股A股股份（约占本 公司总股本的16.85%）无偿划转至中远海运集团。截至本公告日，中远 集团与中远海运集团已签署《关于中远海运控股股份有限公司国有股份 之无偿划转协议》。本次无偿划转完成后，中远海运集团及其一致行动人 合计持有本公司A股及H股股份7,009,619,897股（约占本公司总股本的 45.25%），中远海运集团及其一致行动人合计持有的本公司股份数量及比 例未发生变化。 本次无偿划转将导致本公司直接控股股东由中远集团变更为中远 海运集团，本公司实际控制人不会发生变化，仍为国务院国有资产监督 管理委员会。 本次无偿划转为在同一实际控制人控制的主体之间进行，不涉及 向市场增持或减持，不触及 ...

Core Viewpoint - The global container ship order backlog has reached an unprecedented level of approximately 11.3 million TEU, with 1,165 standard container ships currently under construction, and delivery schedules extending to as late as 2030 [1][3]. Group 1: Order Backlog and Delivery - The order delivery period is longer than ever, with some vessels scheduled for delivery more than four years from now [1]. - In 2025, the total new orders from global container shipping companies and independent shipowners amounted to 4.15 million TEU, resulting in a net increase of 1.94 million TEU after accounting for 2.21 million TEU delivered that year [3]. - Four major shipping companies have order backlogs exceeding 1 million TEU: MSC (2.05 million TEU), CMA CGM (1.88 million TEU), Cosco Group (1.37 million TEU), and Maersk (1.05 million TEU) [3]. Group 2: Non-Operating Owners and Fleet Management - Among non-operating shipowners, Seaspan (680,000 TEU / 55 vessels), EPS (380,000 TEU / 51 vessels), and Capital (80,000 TEU / 35 vessels) have the largest order volumes [5]. - In terms of owned/internal managed capacity, MSC leads with 650,000 TEU across 51 vessels, followed by CMA CGM (480,000 TEU / 22 vessels), Evergreen (450,000 TEU / 21 vessels), Maersk (180,000 TEU / 11 vessels), and ONE (150,000 TEU / 11 vessels) [5]. Group 3: Market Trends and Future Outlook - The first quarter of 2025 saw steady ordering activity (990,000 TEU / 82 vessels), which strengthened in the second quarter (1.05 million TEU / 128 vessels) and peaked in the third quarter (1.28 million TEU / 195 vessels), before slightly declining in the fourth quarter (820,000 TEU / 102 vessels) [6]. - Despite the large order backlog, there are indications that container ship ordering activity will slow down in 2026 due to shipyard capacity nearing saturation, record newbuilding prices, and rising concerns about structural overcapacity in the market [5].

Group 1 - The top three companies with the highest short positions are Vanke Enterprises (02202), Dongfang Electric (01072), and COSCO Shipping Holdings (01919), with short ratios of 18.64%, 17.51%, and 16.68% respectively [1][2] - The company with the largest increase in short positions is Dongfang Electric (01072), which saw an increase of 2.20% from the previous short ratio [1][2] - The companies with the largest decrease in short positions include Sanhua Intelligent Control (02050), Tianqi Lithium (09696), and Yuejiang (02432), with decreases of -1.42%, -0.82%, and -0.71% respectively [1][3] Group 2 - The latest short position data shows that Vanke Enterprises has 411 million shares shorted, while Dongfang Electric has 71.45 million shares, and COSCO Shipping Holdings has 480 million shares shorted [2] - The companies with the largest increases in short positions also include JAKS Resources B (01167) and CSPC Pharmaceutical Group (01093), with increases of 0.77% and 0.56% respectively [2] - The companies with the largest decreases in short positions also include Ganfeng Lithium (01772) and Sunac China (01918), with decreases of -0.68% and -0.55% respectively [3][4]

Summary of Key Points Core Viewpoint - On December 30, 61 Hong Kong-listed companies conducted share buybacks, totaling 45.6855 million shares and an aggregate amount of HKD 906 million [1]. Group 1: Buyback Details - Tencent Holdings repurchased 1.062 million shares for HKD 636.5 million, with a highest price of HKD 600.5 and a lowest price of HKD 594.5, bringing its total buyback amount for the year to HKD 79.401 billion [1][2]. - China COSCO Shipping Holdings repurchased 4.3715 million shares for HKD 61.0054 million, with a highest price of HKD 14.06 and a lowest price of HKD 13.86, totaling HKD 6.9266 billion for the year [1][2]. - China Feihe repurchased 8.837 million shares for HKD 36.3424 million, with a highest price of HKD 4.12 and a lowest price of HKD 4.07, totaling HKD 1.10005 billion for the year [1][2]. Group 2: Notable Buybacks - The largest buyback amount on December 30 was from Tencent Holdings at HKD 636.5 million, followed by China COSCO Shipping Holdings at HKD 61.0054 million [1][2]. - In terms of share quantity, China Feihe had the highest buyback volume on December 30 with 8.837 million shares, followed by Maple Leaf Education and China COSCO Shipping Holdings with 7.648 million and 4.3715 million shares, respectively [1][2]. Group 3: First-Time Buybacks - Notably, Sunac Services and Changfeng Pharmaceutical conducted their first buybacks of the year on this date [2].

Market Overview - The Hong Kong stock market opened slightly lower on December 31, with the Hang Seng Index down 0.21% at 25,801.49 points, the Hang Seng Tech Index down 0.22% at 5,566.24 points, and the National Enterprises Index down 0.23% at 8,970.49 points [1] - Major tech stocks mostly declined, with Alibaba down 0.55%, Tencent down 0.42%, and JD.com down 1.32%. Conversely, Xiaomi rose by 0.86% [1] Company News - Zijin Mining (02899.HK) expects to achieve a net profit of approximately RMB 51-52 billion for the fiscal year 2025, representing a year-on-year increase of about 59%-62% due to increased production and sales prices [2] - Starry Development (00640.HK) reported revenue of approximately HKD 835 million for the fiscal year ending September 30, 2025, a year-on-year increase of 13.4%, and a net profit of approximately HKD 122 million, up 21.7% [2] - Shanghai Electric (02727.HK) plans to sell a 47.4% stake in Electric Guoxuan and waive its preemptive rights to an additional 3.6% stake [3] - CNOOC Services (02883.HK) has recently purchased bank wealth management products totaling HKD 3 billion [4] Clinical Trials and Drug Approvals - Fosun Pharma (02196.HK) has initiated clinical trials for its integrated diagnosis and treatment nuclear medicine project SRT-007 within China [5] - Hutchison China MediTech (00013.HK) announced that its new drug application for Savolitinib, intended for treating gastric cancer patients with MET amplification, has been accepted and prioritized for review [5] Strategic Partnerships - Linkong Biotechnology Group (00690.HK) has established a strategic partnership with Wenzhou Medical University National Engineering Research Center and the Ouhai District People's Government [6] Financing Activities - Youlian International Education Leasing (01563.HK) has entered into a financing lease agreement for energy-saving equipment [7] Stock Buybacks - Tencent Holdings (00700.HK) repurchased 1.062 million shares for HKD 636 million at prices ranging from HKD 594.5 to HKD 600.5 [8] - COSCO Shipping Holdings (01919.HK) repurchased 4.3715 million shares for HKD 61.05 million at prices between HKD 13.86 and HKD 14.06 [9] - China Feihe (06186.HK) repurchased 8.837 million shares for HKD 36.34 million at prices between HKD 4.07 and HKD 4.12 [10] - Kuaishou-W (01024.HK) repurchased approximately 464,000 shares for HKD 29.88 million at prices between HKD 63.75 and HKD 64.75 [10] - Giant Bio (02367.HK) repurchased 400,000 shares for HKD 13.44 million at prices between HKD 33.48 and HKD 33.76 [11] Institutional Insights - Everbright Securities notes that the overall profitability of Hong Kong stocks remains strong, with relatively scarce assets in internet, new consumption, and innovative pharmaceuticals. Despite recent gains, valuations are still considered low, suggesting long-term investment potential [12] - Founder Securities highlights positive signals from government policies aimed at optimizing the "two new" policies, which may enhance the competitive environment in the automotive industry [12] - CITIC Securities anticipates a 7.9% increase in Hong Kong private residential transaction volumes in 2026, driven by a favorable interest rate environment and increased asset allocation demand [12]