Core Viewpoint - The transformation of Qinhuangdao Port from a coal transportation hub to a green and smart industrial tourism destination showcases a successful integration of historical significance with modern innovation [3][6]. Group 1: Transformation and Upgrading - Since 2017, Qinhuangdao Port has actively promoted transformation and upgrading, optimizing its functional layout through the renovation of old buildings and large-scale greening projects, ultimately becoming a national 4A-level tourist attraction [3][6]. - The port maintains a strong core transportation function, with an average daily coal throughput of nearly 500,000 tons, while pursuing ecological and environmental goals [3][6]. Group 2: Environmental and Technological Innovations - Advanced environmental technologies are applied throughout the coal handling process, ensuring that the port operates "dust-free" from the entry of coal trains to the departure of cargo ships [3][4]. - The port has implemented smart upgrades, including the establishment of a smart operation center and platforms for production scheduling, safety supervision, and environmental monitoring, integrating AI, big data, and cloud computing into industrial production [3][4]. Group 3: Community and Economic Impact - The dual transformation towards green and smart operations has revitalized the century-old coal port, contributing to the selection of the Qinhuangdao Bay area as one of the national beautiful bays in 2024 [6]. - The port's transformation has enhanced the urban environment and vitality, positively impacting the happiness of local citizens, as reflected in community feedback [6].

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 公司名稱: 秦皇島港股份有限公司 呈交日期: 2025年9月1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) | 03369 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 829,853,000 | RMB | | 1 RMB | | 829,853,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 829,853,000 | RMB | | 1 RMB | | 829,853,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | ...

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: 2025年8月31日 狀態: 新提交 本月底法定/註冊股本總額： RMB 5,587,412,000 致：香港交易及結算所有限公司 公司名稱: 秦皇島港股份有限公司 呈交日期: 2025年9月1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) | 03369 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 829,853,000 | RMB | | 1 RMB | | 829,853,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 829,853,000 | RMB | | 1 RMB | | 829,853,00 ...

Core Insights - Qin Port Co., Ltd. reported a slight decline in total revenue and net profit for the first half of 2025 compared to the same period in 2024, with total revenue at 3.451 billion yuan, down 0.3%, and net profit at 988 million yuan, down 2.22% [1][2] - The company's profitability improved, with a gross margin increase of 3.69% to 41.7% and a net margin increase of 2.02% to 30.4% [1] - The company has a healthy cash position, with cash assets significantly increasing by 92.18% year-on-year [1][2] Financial Performance - Total revenue for 2025 was 3.451 billion yuan, a decrease from 3.462 billion yuan in 2024, reflecting a 0.3% decline [1] - Net profit for 2025 was 988 million yuan, down from 1.01 billion yuan in 2024, a decrease of 2.22% [1] - The company's gross margin improved to 41.7%, up from 40.22% in the previous year, while the net margin rose to 30.4% from 29.8% [1] - Earnings per share remained stable at 0.18 yuan, with a significant drop in operating cash flow per share to 0.18 yuan, down 31.59% [1] Debt and Cash Position - The company reported a significant increase in cash assets, with cash holdings rising to 5.657 billion yuan, a 92.18% increase year-on-year [1] - Accounts receivable increased substantially to 274 million yuan, up 211.64% from the previous year [1] - Interest-bearing debt decreased to 4.781 billion yuan, down 20.17% from 5.989 billion yuan [1] Return on Investment - The company's return on invested capital (ROIC) for the previous year was 6.4%, indicating average capital returns [1] - Historical data shows a median ROIC of 6.5% since the company went public, with the lowest ROIC recorded at 2.63% in 2016 [1]

Core Viewpoint - The announcement details the completion of a shareholding increase plan by the controlling shareholder and its concerted parties, reflecting confidence in the company's future development and long-term investment value [1][2]. Group 1: Shareholding Increase Plan - The controlling shareholder, Hebei Port Group Co., Ltd., and its concerted party, Hebei Port Group (Tianjin) Investment Management Co., Ltd., initiated a plan to increase their shareholding starting from August 22, 2025, for a period of three months [1][2]. - The plan aimed to acquire up to 111,740,000 A-shares, representing a maximum increase of 2% of the total share capital [2][3]. Group 2: Implementation Results - As of August 28, 2025, the concerted party had successfully acquired a total of 111,740,000 shares, amounting to 375,949,200 yuan, achieving the upper limit of the planned increase [1][3]. - Following the completion of the shareholding increase, the total shares held by the controlling shareholder and its concerted parties rose to 3,439,051,078 shares, increasing their ownership percentage from 60.00% to 61.55% [4][5].

证券代码：601326 证券简称：秦港股份 公告编号：2025-025 秦皇岛港股份有限公司关于持股 5%以上股东权益 变动触及 1%刻度暨减持计划完成的公告 本公司董事会、全体董事及相关股东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： 秦皇岛港股份有限公司董事会 ? 减持计划的实施结果情况 公司于 2025 年 6 月 30 日披露了《秦皇岛港股份有限公司关于持股 5%以上 股东拟通过大宗交易方式减持股份计划公告》 （公告编号：2025-019），秦皇岛市 国资委拟通过大宗交易方式减持其所持有公司股份不超过 111,740,000 股，即不 超过公司总股本的 2.00%。 公司于 2025 年 8 月 28 日收到秦皇岛市国资委发来的《秦皇岛市人民政府国 有资产监督管理委员会关于完成减持秦皇岛港股份有限公司股份的告知函》。获 悉：2025 年 8 月 22 日至 2025 年 8 月 28 日，秦皇岛市国资委通过大宗交易方式 减持其持有公司股份 111,740,000 股，占公司总股本的 2.00%，本次减持计划已 实施完毕。大 ...

Core Viewpoint - Qinhuangdao Port Co., Ltd. is a state-owned enterprise that provides integrated port services and is positioned to benefit from initiatives like the Belt and Road Initiative and regional integration efforts in China [2][3]. Company Overview - Qinhuangdao Port Co., Ltd. is located in Qinhuangdao, Hebei Province, and offers comprehensive port services including loading, storage, warehousing, transportation, and logistics [2][3][8]. - The company primarily handles various cargo types such as coal, metal ores, oil products, liquid chemicals, containers, and general cargo [2][3][8]. - It is recognized as the world's largest public terminal operator for bulk dry cargo and was the largest public coal terminal globally from 2013 to 2015 [2][3]. Recent Developments - In the past year, the company has been subject to a stake acquisition by Great Wall Life Insurance Co., Ltd., which now holds 5.00% of the total shares [4]. - As of June 30, the company had 50,900 shareholders, a decrease of 2.35% from the previous period [8]. Financial Performance - For the first half of 2025, the company reported a revenue of 3.451 billion yuan, a year-on-year decrease of 0.30%, and a net profit attributable to shareholders of 988 million yuan, down 2.22% year-on-year [8]. - Since its A-share listing, the company has distributed a total of 3.565 billion yuan in dividends, with 1.335 billion yuan distributed over the past three years [9]. Market Activity - On August 29, the company's stock rose by 1.79%, with a trading volume of 136 million yuan and a turnover rate of 0.84%, bringing the total market capitalization to 19.109 billion yuan [1].

Core Viewpoint - Qin Port Co., Ltd. reported a slight decline in revenue and net profit for the first half of 2025, but showed resilience in core business operations with a notable increase in cargo throughput [1][2]. Financial Performance - The company achieved a revenue of 3.451 billion yuan, a year-on-year decrease of 0.30% - Net profit attributable to shareholders was 988 million yuan, down 2.22% - Non-recurring net profit increased by 4.08% to 982 million yuan - Basic earnings per share stood at 0.18 yuan [1]. Cargo Throughput - Total cargo throughput reached 208.38 million tons, an increase of 6.22 million tons or 3.08% compared to the same period in 2024 - Key port areas showed differentiated growth: - Qinhuangdao Port: 89.42 million tons, a slight increase of 0.31% - Caofeidian Port: 68.04 million tons, up 4.07% - Huanghua Port: 50.92 million tons, a significant increase of 6.88% [1][2]. Cargo Structure - Core cargo types showed stable growth, with emerging businesses experiencing significant increases: - Coal throughput: 106.46 million tons, up 3.92% - Metal ore throughput: 76.43 million tons, a slight increase of 0.50% - Oil and liquid chemicals: 0.87 million tons, up 10.13% - Container throughput: 8.73 million tons, with a box volume increase of 20.75% - General cargo: 15.89 million tons, up 1.53% [2]. Competitive Advantage - The company continues to strengthen its industry position through resource integration and strategic partnerships - The controlling shareholder, Hebei Port Group, coordinates port resources to avoid disorderly competition - Long-term cooperation with major clients like China Coal Group and State Energy Investment Group supports business stability [3]. Future Outlook - For the second half of 2025, the company plans to focus on developing new cargo sources, expanding metal ore business, and enhancing service efficiency - The company aims for steady annual performance growth by leveraging market changes and national economic policies [3].

Core Insights - Qin Port Co., Ltd. (601326.SH) reported a total operating revenue of 3.451 billion yuan for the first half of 2025, ranking 14th among disclosed peers, which represents a decrease of 10.45 million yuan or 0.30% year-on-year [1] - The net profit attributable to shareholders was 988 million yuan, ranking 6th among peers, down by 22.46 million yuan or 2.22% compared to the same period last year [1] - The net cash inflow from operating activities was 1.013 billion yuan, ranking 16th among peers, a decrease of 468 million yuan or 31.59% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 26.64%, ranking 11th among peers, which is an increase of 0.66 percentage points from the previous quarter but a decrease of 4.14 percentage points year-on-year [3] - The latest gross profit margin is 41.70%, ranking 3rd among peers, with an increase of 1.28 percentage points from the previous quarter and an increase of 1.48 percentage points year-on-year, marking three consecutive years of growth [3] - The latest return on equity (ROE) is 4.96%, ranking 9th among peers, which is a decrease of 0.38 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.18 yuan, ranking 14th among peers, remaining stable compared to the same period last year [3] - The latest total asset turnover ratio is 0.12 times, ranking 20th among peers, remaining flat compared to the previous year but up by 0.25 from the same period last year [3] - The latest inventory turnover ratio is 13.72 times, ranking 14th among peers, a decrease of 0.05 times year-on-year, down by 0.33 compared to the same period last year [3]

Group 1 - Qin Port Co., Ltd. (SH 601326) held its sixth second board meeting on August 28, 2025, to review the proposal for the company's 2025 semi-annual report [1] - For the year 2024, the revenue composition of Qin Port Co., Ltd. is as follows: coal and related services account for 67.01%, metal ores and related services account for 20.06%, other cargo services account for 9.09%, other income accounts for 1.74%, and container services account for 1.6% [1]