1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The China - Southeast Asia shipping route is the world's largest trade corridor, showing resilience in trade tensions. The Southeast Asian container shipping market has strong growth momentum driven by economic growth and industrial transfer [8][33]. - In 2025, the North Asia - Southeast Asia route had the highest capacity share and the fastest growth rate among intra - Asia trades. However, future capacity growth may be constrained by the high average age and low orderbook of feeder vessels [26][34]. - Southeast Asian shipping routes generally have lower freight rate volatility than long - haul routes, with certain correlations to Northern Europe rates. New contracts listed by the Shanghai International Energy Exchange provide more options for hedging [2][35]. 3. Summary by Directory 3.1 Current Situation of the Southeast Asia Container Shipping Market - The China - Southeast Asia route is the world's largest trade corridor. In 2025, the trade value between China and ASEAN reached 1,055.87 billion USD, up 7.3% year - on - year. Asian intra - regional routes are the world's largest container shipping market. From January to October 2025, the cargo volume in this regional market reached 41.234 million TEUs, accounting for 25.9% of the global total, with a year - on - year growth rate of 5.1% [8]. - Due to short shipping distances, the China - Southeast Asia route is highly competitive, with carriers including global giants and regional specialists. Major routes include services from China to Singapore/Malaysia, Thailand/Vietnam, and Indonesia [11]. - Freight rates on Southeast Asian routes generally have lower volatility than long - haul routes, with seasonal patterns. Rates usually retreat from highs in January and February, rebound in early March, and are driven up in mid - April by the Songkran Festival. In 2025, due to tariff - driven front - running, rates surged prematurely between March and May, fell during the traditional peak period (June - August), hit a floor in the August - September off - season, and rebounded in October [12][13]. 3.2 Demand in Southeast Asian Shipping Market - The six major economies of ASEAN (Singapore, Indonesia, the Philippines, Malaysia, Thailand, and Vietnam) have shown economic resilience, with a three - year compound GDP growth rate of 3% in 2024, surpassing the overall GDP growth rate of Asia by 0.3 percentage points [16]. - The trade war between China and the United States has led to a global supply chain restructuring, and Southeast Asia has become an important destination for industrial transfer. From January to November 2025, China's exports to five ASEAN countries reached 492.33 billion US dollars, a year - on - year increase of 14.6%. By October 2025, the container cargo volume in the Asian market reached 41.234 million TEUs, a cumulative year - on - year increase of 5.3% [20]. - Among the commodities transported by general cargo containers, Vietnam accounts for the highest proportion (31.5%) of China's exports to the five ASEAN countries. In 2025, the total value of China's exports of 33 categories of commodities to the five ASEAN countries reached US$202.48 billion [24]. 3.3 Southeast Asian market capacity and competition landscape - In 2025, the North Asia - Southeast Asia route had the highest capacity share (56.1%) and the fastest growth rate (19.1% year - on - year) among all intra - Asia trades. By the end of 2025, the total capacity deployed by carriers within the intra - Asia market reached 3.415 million TEUs, a year - on - year increase of 11.7% [26]. - Regional carriers such as Wan Hai, SITC, and TS Lines maintain a strong presence in the intra - Asia market. They focus on strategic layouts within Southeast Asian feeder routes and offer differentiated services, serving as essential supplements to regional market coverage [30]. 3.4 Outlook - From a demand perspective, the Southeast Asian market shows diversified and high - growth characteristics in importing Chinese goods, driven by economic growth and industrial transfer dividends [33]. - Future capacity growth may be constrained by the high average age and low orderbook of feeder vessels. - Southeast Asian routes typically have lower freight rate volatility than long - haul routes, with a 75.8% correlation between rates from China to Singapore and Malaysia and Northern Europe rates, and a 51.7% correlation for Thailand, Vietnam, and the Philippines. New contracts EC2605, EC2607, and EC2609 listed on February 10th provide more options for hedging [35].

Group 1 - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) closed at a 0.58% increase with a trading volume of 120 million yuan on February 10 [1] - The fund was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of February 9, 2025, the fund's latest share count was 5.766 billion shares, with a total size of 6.036 billion yuan, reflecting a 1.50% increase in shares and a 6.24% increase in size year-to-date [1] Group 2 - The current fund managers are Gong Lili and Wang Yang, with returns of 24.42% and 10.08% respectively during their management periods [2] - The fund's top holdings include China National Offshore Oil Corporation, China Shenhua Energy, China Petroleum & Chemical Corporation, and China Mobile, among others, with significant weightings [2][3] - The top holding, China National Offshore Oil Corporation, accounts for 10.04% of the portfolio, with a market value of 571 million yuan [3]

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The pre - holiday freight rate drive is weak, and the recent EC2604 contract is expected to fluctuate. Attention should be paid to the implementation of shipping companies' price - holding measures in March after the holiday. The 04 contract's volatility is expected to increase, and investors are advised to participate with caution. In normal years, shipping companies issue price - increase letters in March and April to stabilize prices. Before the Spring Festival, the overall drive is estimated to be bearish, and the short - selling direction has an advantage [4][5]. - For far - month contracts, the game over the resumption time is intense, and the volatility is expected to remain high. The resumption of the Suez Canal is expected to be a gradual process. If it does not resume in the first half of 2026, the pressure on the capacity side is expected to be relatively controllable, and the freight rate may still reach a high level. Investors can pay attention to the arbitrage opportunity of going long on EC2606 and shorting on EC2610 [6]. Summary According to the Directory 1. Futures Price - As of February 9, 2026, the total open interest of all container shipping index European line futures contracts is 56,740.00 lots, and the single - day trading volume is 17,605.00 lots. The closing prices of EC2602, EC2604, EC2606, EC2608, EC2610, and EC2512 contracts are 1756.00, 1238.00, 1553.00, 1614.80, 1126.10, and 1425.50 respectively [7]. 2. Spot Price - On February 6, the SCFI (Shanghai - Europe route) price is 1403 US dollars/TEU, the SCFI (Shanghai - US West route) price is 1801 US dollars/FEU, and the SCFI (Shanghai - US East) price is 2530 US dollars/FEU. On February 9, the SCFIS (Shanghai - Europe) is 1657.94 points, and the SCFIS (Shanghai - US West) is 1155.66 points [7]. 3. Container Ship Capacity Supply - **Static Supply**: As of January 31, 2026, 6 container ships have been delivered in 2026, with a total capacity of 46,950 TEU. 2 ships with a capacity of 12,000 - 16,999 TEU and 1 ship with a capacity of over 17,000 TEU have been delivered. In terms of delivery expectations, for 12,000 - 16,999 TEU ships, 737,400 TEU (50 ships) will be delivered in the remaining months of 2026, 944,600 TEU (64 ships) in 2027, 1,212,000 TEU (82 ships) in 2028, and 415,400 TEU (29 ships) in 2029. For ships with a capacity of over 17,000 TEU, 192,900 TEU (8 ships) will be delivered in the remaining months of 2026, 862,800 TEU (40 ships) in 2027, 1,603,000 TEU (80 ships) in 2028, and 1,261,500 TEU (77 ships) in 2029. The delivery pressure of ultra - large ships in 2026 is relatively small [2][3]. - **Dynamic Supply**: In the remaining three weeks of February, the average weekly capacity is 271,600 TEU, with the capacities in WEEK7/8/9 being 366,600/259,800/188,300 TEU respectively. In March, the average weekly capacity is 288,400 TEU, and in April, it is 274,700 TEU. There are 13 blank sailings in February, 7 blank sailings and 3 TBNs in March, and 1 blank sailing and 4 TBNs in April [3]. 4. Supply Chain - The resumption of the Suez Canal is expected to be a gradual process. COSCO management points out that there is still no clear schedule for the full resumption of the Red Sea. The Red Sea resumption needs to meet multiple conditions. Since mid - February 2026, Maersk's ME11 route will implement structural adjustments through the Red Sea and the Suez Canal [6]. 5. Demand and European Economy - The cancellation of the VAT export tax rebate for products such as photovoltaics by the Ministry of Finance and the State Taxation Administration on January 8, 2026, may disrupt the shipping rhythm of relevant industries and further affect the pricing strategies of shipping companies. Attention should be paid to whether the freight volume from the Far East to Europe in February and March can increase significantly and whether the actual freight rate will be stronger than in normal years [4].

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。 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） 中華人民共和國，上海 二零二六年二月九日 （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。 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 執行董事 2 獨立非執行董事 * 僅供識別 以中文隨附之海外監管公告乃本公司於二零二六年二月九日在上海證券交易所的 網站( www.sse.com.cn )上以中文發佈的《中遠海運控股股份有限公司關於股票期權 激勵計劃限制行權期間的提示性公告》。 承董事會命 中遠海運控股股份有限公司 公司秘書 肖俊光 中远海运控股股份有限公司 ...

Group 1 - The core viewpoint of the news is the performance and details of the Wanjiac ZHONGZHENG Hong Kong Stock Connect Central Enterprise Dividend ETF (159333), which has seen a decrease in both share count and total assets since the beginning of the year [1][2] Group 2 - The fund was established on August 21, 2024, with a management fee of 0.50% and a custody fee of 0.10% [1] - As of February 6, 2025, the fund had 334 million shares and a total size of 487 million yuan, reflecting a 15.66% decrease in shares and a 13.08% decrease in size compared to December 31, 2024 [1] - The fund's recent trading activity shows a cumulative transaction amount of 416 million yuan over the last 20 trading days, with an average daily transaction amount of approximately 20.82 million yuan [1] Group 3 - The current fund manager is Yang Kun, who has managed the fund since its inception, achieving a return of 48.23% during the management period [2] - The top holdings of the fund include COSCO Shipping Holdings, China Shenhua Energy, CNOOC, Sinopec Engineering, China National Offshore Oil Corporation, China Merchants Energy Shipping, CITIC International, PetroChina, China Coal Energy, and China Construction Bank, with respective holding percentages [2]

中远海运控股股份有限公司（以下简称"公司"）股票期权激励 计划首次授予期权第三个行权期为 2023 年 6 月 5 日至 2026 年 6 月 2 日，预留授予期权第三个行权期为 2024 年 5 月 29 日至 2027 年 5 月 28 日。 根据公司《股票期权激励计划（二次修订稿）》和中国证券登记 结算有限责任公司上海分公司关于股票期权自主行权的相关规定，结 合公司 2025 年年度报告、2026 年第一季度报告披露计划等安排，公 司股票期权激励计划本次限制行权期间为： 1、2026 年 2 月 13 日（周五）至 2026 年 3 月 18 日（周三）， 在此期间全部激励对象限制行权；2026 年 3 月 19 日（周四）将恢复 行权。 2、2026 年 4 月 20 日（周一）至 2026 年 4 月 29 日（周三）， 在此期间全部激励对象限制行权；2026 年 4 月 30 日（周四）将恢复 行权。 特此公告。 中远海运控股股份有限公司董事会 证券代码：601919 证券简称：中远海控 公告编号：2026-008 中远海运控股股份有限公司 关于股票期权激励计划限制行权期间的提示性公告 本公司董事 ...

（来源：信德海事） 拿下利马机场"机侧仓"15年运营权：中远海运如何为中国电商打通南美"海陆空"新通道 2月6日，秘鲁利马国际机场伙伴公司LAP（利马国际机场伙伴公司）对外宣布：中远海运集团与安骏物 流获得利马国际机场机侧仓项目运营权。对中远海运而言，这不仅是一次业务中标，更是其全球综合物 流能力在海外航空枢纽关键基础设施上的"首次落子"，也为中国跨境电商提速开拓南美市场，提供了一 个更具确定性、更可复制的解决方案。 不仅仅是"多一个仓" 所谓"机侧仓"，核心价值在于"贴近飞机、贴近时效"。与普通机场周边仓不同，机侧仓通常直接连通停 机坪，意味着货物在机场内部的转运路径更短、交接环节更少、异常处理更快，是航空枢纽最稀缺、也 最能决定时效的资源之一。 从披露信息看，该项目具备三项关键属性：其一，项目直接连通停机坪；其二，占地约11,885㎡，并配 备5,000㎡储备地块；其三，获得15年长期运营权。对一个以"交付确定性"为竞争要素的物流体系来 说，长期稳定的关键节点权益，远比一次性的短期租赁更有战略意义——它意味着可以围绕节点反复打 磨流程、固化能力，并形成持续的服务供给。 南美空运"总阀门"，电商时效的关键变 ...

来源：新浪基金∞工作室 2月5日，天弘中证港股通央企红利ETF（159281）收盘跌0.39%，成交额6702.66万元。 港股通央企红利ETF天弘（159281）成立于2025年8月20日，基金全称为天弘中证港股通央企红利交易 型开放式指数证券投资基金，基金简称为天弘中证港股通央企红利ETF。该基金管理费率每年0.50%， 托管费率每年0.10%。港股通央企红利ETF天弘（159281）业绩比较基准为中证港股通央企红利指数收 益率(经估值汇率调整)。 规模方面，截止2月4日，港股通央企红利ETF天弘（159281）最新份额为3.44亿份，最新规模为3.50亿 元。回顾2025年12月31日，港股通央企红利ETF天弘（159281）份额为3.54亿份，规模为3.50亿元。即 该基金今年以来份额减少2.82%，规模减少0.01%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 港股通央企红利ETF天弘（159281）现任基金经理为贺雨 ...

Group 1 - The Freedom Cash Flow ETF CSI All Index (561080) closed down 1.55% at 1.330 yuan with a trading volume of 8.4067 million yuan [1] - Major holdings in the ETF include China National Offshore Oil Corporation (CNOOC) down 1.12%, SAIC Motor up 0.14%, Gree Electric Appliances down 0.33%, COSCO Shipping Holdings up 0.07%, Muyuan Foods down 0.15%, Aluminum Corporation of China down 6.77%, TCL Technology down 0.61%, Baosteel down 1.52%, Great Wall Motors up 1.06%, and Chint Electric down 4.14% [1] - The ETF's performance benchmark is the CSI All Index Free Cash Flow Index, managed by Huaan Fund Management Co., Ltd. The fund has returned 35.06% since its inception on April 23, 2025, and 7.11% over the past month [1]

智通财经APP获悉，根据2026年2月4日披露数据，喜相逢集团（02473）、南华期货股份（02691）、中 远海控（01919）港股通持股占比增加值最大，分别增加9.78%、2.31%、1.56%；山东墨龙（00568）、 赤峰黄金（06693）、中石化油服（01033）港股通持股占比减少值最大，分别减 少-6.00%、-3.02%、-1.12%。 在最近有统计数据的5个交易日内，喜相逢集团（02473）、南华期货股份（02691）、京城机电股份 （00187）港股通持股占比增加值最大，分别增加9.93%、8.01%、3.89%；钧达股份（02865）、赤峰黄 金（06693）、山东墨龙（00568）港股通持股占比减少值最大，分别减少-10.80%、-4.12%、-3.64%。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新日占比增持榜（前20名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 喜相逢集团(02473) | +9.78% | 12.29% | | 南华期货股份(02691) | +2.31% | 14.00% | | 中远海控( ...