智通财经APP获悉，国信证券发布研报称，维持航空油运增持评级。航空超级周期或将开启，客座率创 新高而票价处低位，票价市场化且供给低增，需求增长将驱动盈利上行。看好2026年需求增长驱动票价 盈利上行，建议逆向布局超级周期。油运运价维持高位，俄乌和谈影响或有限，看好未来景气超预期上 升。机场免税方面，期待内外资龙头竞争，助力免税销售额增长。 机场免税：上海机场新一轮免税合同模式调整，期待内外资龙头竞争驱动销售增长 国泰海通主要观点如下： 根据中国招标投标公共服务平台，近日上海机场公示新一轮免税中标：浦东T1+S1 由杜福睿中标(月固 定费用3141元/平米，提成比例8%-24%);浦东T2+S2 由中国中免中标(3090元，8%-24%)，虹桥标段由中 国中免中标(2827 元，8%-22%)。1)不同以往"保底销售提成与实际销售提成两者取高"，本次改为"固定 费用+实际销售提成"。该行估算固定费用与2023 年协议保底销售提成较为接近，提成比例区间有所下 调。按照提成比例中值16%静态测算，新旧模式机场免税收入基本持平;若实际综合提成比例高于中 值，新合同将提升机场免税收入。2)免税商由之前日上独家变更为国内 ...

智通财经APP获悉，香港联交所最新资料显示，12月3日，中国船舶租赁(03877)股东将股票存入中国国 际金融香港证券，存仓市值96.6亿港元，占比73.85%。 2025年上半年中国船舶租赁完成新签新造船订单6艘，合同金额3.08亿美元，中高端船型占比100%，包 括4艘MR油轮和2艘甲醇双燃料MR油轮。截至2025年6月30日，公司船队规模143艘，其中在运营船舶 121艘，在建船舶22艘。运营船舶平均船龄约4.13年，船队年轻具有竞争力。一年期以上租约平均剩余 年限7.64年，存续期较长可提升业绩稳健性。 ...

2025年上半年中国船舶租赁完成新签新造船订单6艘，合同金额3.08亿美元，中高端船型占比100%，包 括4艘MR油轮和2艘甲醇双燃料MR油轮。截至2025年6月30日，公司船队规模143艘，其中在运营船舶 121艘，在建船舶22艘。运营船舶平均船龄约4.13年，船队年轻具有竞争力。一年期以上租约平均剩余 年限7.64年，存续期较长可提升业绩稳健性。 香港联交所最新资料显示，12月3日，中国船舶租赁(03877)股东将股票存入中国国际金融香港证券，存 仓市值96.6亿港元，占比73.85%。 ...

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11月30日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 中國船舶集團 ( 香港 ) 航運租賃有限公司 | | | | 呈交日期: | 2025年12月2日 | | | | I. 法定/註冊股本變動 | 不適用 | | | | 備註： | | | | | 中國船舶集團 ( 香港 ) 航運租賃有限公司並無法定股本，及其股本並無股份面值。 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03877 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 ...

Core Viewpoint - The Hong Kong port and shipping stocks experienced a general increase, driven by a rise in the European shipping index, indicating a potential recovery in demand and a shift in market sentiment towards optimism in the shipping industry [1]. Group 1: Market Performance - Cosco Shipping Energy rose over 5%, while Cosco Shipping Ports and China Ship Leasing increased by 2.5% [1]. - Other companies such as China Merchants Port, Cosco Shipping Holdings, Orient Overseas International, Cosco Shipping Development, and Seaspan Corporation also saw gains [1]. Group 2: Shipping Index and Market Sentiment - The European shipping index futures rose by 5%, reaching 1521.80 yuan, which is viewed as a positive short-term signal for shipping stocks [1]. - Analysts suggest that the increase in European freight rates may indicate a recovery in market demand, possibly due to inventory replenishment cycles or renewed supply chain tensions [1]. - This shift in perception may alter the previously pessimistic view of the industry characterized by oversupply, moving towards a more optimistic outlook [1].

Core Viewpoint - The Hong Kong port and shipping stocks experienced a general increase, driven by a rise in the European shipping index, indicating a potential recovery in demand and a shift in market sentiment towards optimism in the industry [1]. Group 1: Stock Performance - COSCO Shipping Energy (中远海能) rose over 5%, closing at 10.890 with a market capitalization of 59.516 billion [2]. - COSCO Shipping Ports (中远海运港口) increased by 2.5%, closing at 5.740 with a market capitalization of 227.3 billion [2]. - China Ship Leasing (中国船舶租赁) saw a rise of 2.4%, closing at 2.130 with a market capitalization of 13.204 billion [2]. - China Merchants Port (招商局港口) increased by 2.04%, closing at 15.990 with a market capitalization of 671.26 billion [2]. - COSCO Shipping Holdings (中远海控) rose by 1.43%, closing at 13.440 with a market capitalization of 2081.82 billion [2]. - Liaoning Port (辽港股份) increased by 1.20%, closing at 0.840 with a market capitalization of 19.8 billion [2]. - Orient Overseas International (东方海外国际) rose by 1.19%, closing at 127.900 with a market capitalization of 844.62 billion [2]. - COSCO Shipping Development (中远海发) increased by 0.87%, closing at 1.160 with a market capitalization of 15.309 billion [2]. - Seaspan Corporation (海丰国际) rose by 0.82%, closing at 26.960 with a market capitalization of 727.92 billion [2]. Group 2: Market Dynamics - The early morning European shipping index futures rose by 5%, reaching 1521.80 yuan, which is seen as a positive short-term signal for shipping stocks [1]. - Analysts suggest that the increase in European freight rates may indicate a recovery in demand, possibly due to inventory replenishment cycles or renewed supply chain tensions [1]. - This shift in market perception may alter the previously pessimistic view of "oversupply" in the industry to a more optimistic outlook [1].

Core Viewpoint - China Ship Leasing (03877) announced the resignation of its auditor, Crowe (Hong Kong) CPA Limited, due to a failure to reach an agreement on the audit fees for the fiscal year ending December 31, 2025 [1] Group 1 - The resignation of Crowe will take effect from November 27, 2025 [1] - The board has decided to appoint BDO Limited as the new auditor following Crowe's resignation, effective from November 27, 2025 [1] - The term of the new auditor will last until the conclusion of the next annual general meeting of the company [1]

Core Viewpoint - China Shipbuilding Leasing (03877) announced the resignation of its auditor, Crowe (Hong Kong) CPA Limited, due to a failure to reach an agreement on the audit fees for the fiscal year ending December 31, 2025 [1] Group 1 - The resignation of Crowe (Hong Kong) CPA Limited will take effect from November 27, 2025 [1] - The company's audit committee recommended the appointment of a new auditor, BDO Limited, effective from November 27, 2025, until the conclusion of the next annual general meeting [1]

Core Viewpoint - China Shipbuilding Leasing (03877.HK) announced the resignation of its auditor, Crowe (Hong Kong) CPA Limited, due to a failure to reach an agreement on the audit fees for the fiscal year ending December 31, 2025 [1] Group 1 - The resignation of Crowe is effective from November 27, 2025 [1] - The company's audit committee recommended the appointment of Tien Chi Hong Kong CPA Limited as the new auditor following Crowe's resignation [1] - The term of the new auditor will last until the conclusion of the next annual general meeting of the company [1]

本公告乃由中國船舶集團（香港）航運租賃有限公司（「本公司」）董事（「董 事」）會（「董事會」）根據香港聯合交易所有限公司（「聯交所」）證券上市規則第 13.51(4)條作出。 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之內容概不 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之任何損失承擔任何責 任。 CSSC (Hong Kong) Shipping Company Limited 中國船舶集團（香港）航運租賃有限公司 （於香港註冊成立的有限公司） （股份代號：3877） 更換核數師 董事會宣佈，由於本公司與致同（香港）會計師事務所有限公司（「致同」）未 能就截至二零二五年十二月三十一日止財政年度的本公司年度審核（「二零 二五年審核」）的審核費用達成共識，致同已辭任本公司核數師，自二零二五年 十一月二十七日起生效。根據本公司審核委員會（「審核委員會」）的推薦建議， 董事會已議決委聘天職香港會計師事務所有限公司（「天職」）為致同辭任後本 公司的新任核數師，自二零二五年十一月二十七日起生效，任期至本公司下 屆股東週年大會結束為止 ...