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，並明確表示概不就因本公告全部或任何部分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。 T.S. Lines Limited 德翔海運有限公司 （於香港註冊成立的有限公司） （股份代號：2510） 須予披露交易 建造船舶 建造船舶 茲提述本公司日期為2025年8月7日的公告，內容有關（其中包括）根據買方與賣 方於2024年9月20日訂立的2024年造船合約建造兩艘新造船舶（每份合約的條款 大致相同），總代價為121,200,000美元（相等於約945,360,000港元），每艘代價 為60,600,000美元（相等於約472,680,000港元）。 董事會宣佈，於2025年8月19日，本公司與賣方訂立經修訂造船合約（每份合約 的條款大致相同），以建造兩艘新造船舶，總代價為125,560,000美元（相等於約 979,368,000港元），每艘代價為62,780,000美元（相等於約489,864,000港元）。 上市規則的涵義 由於經修訂造船合約乃與同一賣方於12個月期間內訂立，因此本公司已 ...

Core Viewpoint - 德翔海运 is experiencing a significant stock price increase, attributed to strong mid-year earnings expectations and favorable market conditions [1] Company Summary - 德翔海运's stock rose over 12% during trading, currently up 7.03% at HKD 9.9, with a trading volume of HKD 195 million [1] - The company anticipates a mid-year profit of between USD 180 million to USD 200 million, representing a substantial year-on-year growth of 220% to 255% [1] - The increase in profit is primarily driven by a rise in average freight rates and an increase in the number of vessels rented at higher rates, leading to increased charter income [1] Industry Summary - The formation of the 双子星联盟 is transforming shipping routes from pendulum-style to radial-style, increasing demand for smaller vessels [1] - The theoretical addition of 40 small container ships (2,000 TEU) to a weekly European route highlights the shift towards smaller vessels for efficiency [1] - The exemption of non-Chinese shipowners from the US 301 investigation for vessels under 4,000 TEU underscores the potential benefits of smaller ships amid market disruptions [1]

格隆汇8月7日丨德翔海运(02510.HK)公告，于2025年8月7日，公司或代名人买方与卖方黄埔文冲及中国 船舶订立2025年造船合约(每份合约的条款大致相同)，以建造四艘新造船舶，总代价为2.45亿美元，每 艘代价为6128万美元。 ...

据悉，船舶为四艘5300TEU的货柜船，每艘将根据各2025年造船合约所载规格建造。 智通财经APP讯，德翔海运(02510)发布公告，于2025年8月7日，买方该公司与卖方黃埔文沖及中國船舶 订立2025年造船合约(每份合约的条款大致相同)，以建造四艘新造船舶，总代价为2.45亿美元，每艘代 价为6128万美元。 公告称，建造船舶符合集团的长期发展战略并将为集团及其股东整体带来重大利益。 ...

董事會宣佈，於2025年8月7日，買方與賣方訂立2025年造船合約（每份合約的 條款大致相同），以建造四艘新造船舶，總代價為245,120,000美元（相等於約 1,911,936,000港元），每艘代價為61,280,000美元（相等於約477,984,000港元）。 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，並明確表示概不就因本公告全部或任何部分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。 T.S. Lines Limited 德翔海運有限公司 （於香港註冊成立的有限公司） （股份代號：2510） 須予披露交易 建造船舶 建造船舶 茲提述招股章程，內容有關（其中包括）根據買方與賣方於2024年9月20日訂立 的2024年造船合約建造兩艘新造船舶（每份合約的條款大致相同），總代價為 121,200,000美元（相等於約945,360,000港元），每艘代價為60,600,000美元（相 等於約472,680,000港元）。 上市規則的涵義 由於2025年造船合約及2024年造船合約乃與同一賣方於12個月期間內訂立，因 此本公司 ...

Group 1 - The core viewpoint of the article highlights that 德翔海运 (DHL) has experienced a significant increase in stock price, rising nearly 4% and currently trading at 8.81 HKD, with a transaction volume of 31.35 million HKD [1] - The company expects to report a profit attributable to equity shareholders of approximately 180 million to 200 million USD for the first half of the year, representing a year-on-year increase of about 220% to 255% [1] - The substantial increase in net profit is primarily attributed to the rise in average freight rates and an increase in charter income due to a higher number of vessels rented out at elevated rates [1] Group 2 - 中信建投 (CITIC Securities) notes that the Trump administration has resumed the "reciprocal tariff" policy, which has significantly altered the rhythm of freight rates [1] - During the trade war, the shipping rhythm on the China-US route became chaotic, with some goods being shipped early to avoid high tariffs, while only certain cross-border e-commerce products and exempt items could be shipped during peak tensions [1] - To circumvent tariffs, manufacturers with existing overseas factories have increased efforts to transfer intermediate products from China, leading to a substantial rise in regional shipping rates while trunk line freight rates have declined [1]

Group 1 - The core viewpoint of the article highlights that 德翔海运 (DHL) is experiencing a significant increase in stock price, with a rise of nearly 4% and a current price of 8.81 HKD, driven by strong financial performance expectations for the first half of the year [1] - The company anticipates a profit attributable to equity shareholders of approximately 180 million to 200 million USD for the first half of the year, representing a year-on-year increase of about 220% to 255% [1] - The substantial increase in net profit is primarily attributed to the rise in overall average freight rates and an increase in charter income due to a higher number of vessels rented out at elevated rates [1] Group 2 - 中信建投 (CITIC Securities) notes that the reintroduction of "reciprocal tariffs" by the Trump administration has significantly altered the rhythm of freight rates [1] - During the trade war, the shipping rhythm on the China-US route became chaotic, with some goods being shipped early to avoid high tariffs, leading to a surge in regional shipping rates while trunk line freight rates declined [1] - The manufacturing sector, which already had factories overseas, has intensified efforts to reroute intermediate products from China to avoid tariffs, contributing to the fluctuations in shipping rates [1]

格隆汇8月6日丨德翔海运(02510.HK)公告，董事会会议将于2025年8月25日举行，藉以（其中包括）考 虑及批准公司及其附属公司截至2025年6月30日止六个月的中期业绩。 ...

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，並明確表示概不就因本公告全部或任何部分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。 T.S. Lines Limited 德翔海運有限公司 （於香港註冊成立的有限公司） 承董事會命 德翔海運有限公司 董事會主席、執行董事兼首席執行官 陳德勝先生 於本公告日期，董事會包括： (i) 執行董事陳德勝先生、陳劭翔先生、 莊壯麗女士、涂鴻麟先生及周航敏先生；及(ii)獨立非執行董事吳榮貴先生、 張山輝先生及楊豊彥先生。 （股份代號：2510） 董事會會議通告 德翔海運有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 2025年8月25日（星期一）舉行，藉以（其中包括）考慮及批准本公司及其附屬公司 截至2025年6月30日止六個月的中期業績。 香港，2025年8月6日 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's performance slightly exceeded expectations, with a projected net profit of approximately $180-200 million for the first half of 2025, representing a year-on-year increase of 220%-225% compared to $56 million in the same period of 2024 [9] - The increase in performance is attributed to the rise in freight rates due to market conditions and the contribution of new capacity delivered in 2024 [9] - The report highlights strong freight performance in Southeast Asia, with significant year-on-year growth in freight rates and volumes [9] Financial Data and Profit Forecast - Revenue projections (in million USD): - 2023: 875 - 2024: 1,340 - 2025E: 1,351 - 2026E: 1,299 - 2027E: 1,539 - Year-on-year growth rates: - 2023: -64% - 2024: 53% - 2025E: 0.8% - 2026E: -4% - 2027E: 19% [8] - Net profit projections (in million USD): - 2023: 21 - 2024: 366 - 2025E: 378 - 2026E: 334 - 2027E: 449 - Year-on-year growth rates for net profit: - 2023: -98% - 2024: 1,667% - 2025E: 3% - 2026E: -12% - 2027E: 34% [8] - The company maintains a low PE ratio of 4.8, significantly below comparable companies, supporting the "Buy" rating [9][10]