证券代码：601298 证券简称：青岛港 公告编号：临 2025-039 青岛港国际股份有限公司 关于召开2025年第三季度业绩说明会的公告 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： 投资者可于 2025 年 11 月 6 日（星期四）至 11 月 12 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目，或通过公司邮箱 （qggj@qdport.com）进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 青岛港国际股份有限公司（以下简称"公司"）已于 2025 年 10 月 28 日发布 《青岛港国际股份有限公司 2025 年第三季度报告》。为便于广大投资者更全面 深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 13 日（星期四）15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者关 心的问题进行交流。 一、说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2025 年第三季度的经营 成果及财务指标的具 ...

Core Insights - Shandong Port Qingdao Port demonstrated strong resilience in Q3 2025, with a year-on-year increase of 4.4% in general cargo throughput, which is an improvement of 1.5 percentage points compared to Q2 [1] Group 1: Business Performance - The soybean throughput increased by 15% year-on-year, effectively ensuring the stability of China's food supply chain [2] - Pulp throughput grew by 7%, playing a significant role in the circulation of the paper industry [2] - Steel throughput surged by over 20%, while machinery equipment throughput rose by nearly 10% [2] - The export volume of passenger vehicles increased by over 50%, continuously supporting the international expansion of Chinese manufacturing [2] Group 2: Strategic Developments - Shandong Port Qingdao Port is a key international trade port and transit hub in China, having expanded its international route network by adding multiple new routes to regions such as India, Pakistan, Africa, and Southeast Asia [2] - The port focuses on developing four key categories of goods: grain, pulp, steel, and machinery equipment, establishing dedicated distribution and transshipment bases for these commodities [2] - Through innovative operational models and optimized resource allocation, the port achieved both efficiency and volume growth [2]

Core Insights - Shandong Port Qingdao Port demonstrated strong resilience in Q3, with general cargo throughput increasing by 4.4% year-on-year, an improvement of 1.5 percentage points compared to Q2 [1] Group 1: Trade Performance - In the first three quarters of 2025, China's goods trade import and export reached 33.61 trillion yuan, a year-on-year increase of 4%, with Q3 growth rate reaching 6%, indicating that the fundamental trend of foreign trade remains positive [3] - Qingdao Port, as China's second-largest foreign trade port, effectively capitalized on policy opportunities, translating benefits into business results [3] Group 2: Specific Cargo Growth - In Q3, Qingdao Port's soybean throughput surged with a year-on-year increase of 15%, ensuring stability in the food supply chain [3] - Pulp throughput increased by 7% year-on-year, playing a significant role in the circulation of the paper industry [3] - Steel throughput grew by over 20%, machinery equipment throughput increased by nearly 10%, and exports of finished vehicles soared by over 50%, supporting the acceleration of China's manufacturing sector's international expansion [3] Group 3: Strategic Initiatives - Qingdao Port's impressive performance is attributed to its strategic initiatives, including the expansion of international shipping routes, adding new routes to regions such as India, Africa, and Southeast Asia, and enhancing the logistics channels of Belt and Road countries [5] - The port focuses on key cargo types, establishing four major distribution and transshipment bases for grain, pulp, steel, and machinery equipment, achieving both efficiency and volume growth through innovative operational models and optimized resource allocation [5] - As a barometer of the national economy, Qingdao Port plays a crucial role in supporting national strategies, contributing to the stability of global industrial and supply chains during a period of structural optimization and transformation in China's foreign trade [5]

Core Viewpoint - The article highlights the strategic development of Qingdao Port in Shandong Province, which has established a comprehensive maritime logistics network connecting major ports in Japan and South Korea, enhancing its role as a key hub for maritime trade in the region [2] Group 1: Maritime Logistics Network - Qingdao Port leverages its geographical advantage near Japan and South Korea to create a dense network of shipping routes [2] - The port handles a significant volume of international transshipment business with Japan and South Korea [2] - Approximately 40 direct "Japan-Korea Express" sailings are conducted weekly, facilitating efficient maritime logistics between China, Japan, and South Korea [2]

Core Viewpoint - The 2025 High-Quality Development Forum for Listed Companies and the 27th Golden Bull Award Ceremony took place in Nantong, Jiangsu, highlighting the achievements of listed companies, with Qingdao Port's chairman receiving a prestigious award [1][4]. Group 1: Event Overview - The forum's theme was "Moving Towards New Horizons, Achieving Practical Goals, and Igniting the Future" [1]. - The Golden Bull Award is a significant recognition in China's capital market, established in 1999, focusing on transparency and professionalism [4][5]. Group 2: Company Profile - Qingdao Port was listed on the Hong Kong Stock Exchange on June 6, 2014, and on the Shanghai Stock Exchange on January 21, 2019 [4]. - The company operates major port areas including Qingdao Qianwan, Huangdao Oil Port, Dongjiakou, Dagang, and Weihai, providing services for various cargo types such as containers, metal ores, coal, and crude oil [4]. - Qingdao Port boasts advanced terminal facilities capable of accommodating the world's largest container ships and fully automated container terminals, maintaining a leading global unloading efficiency [4]. Group 3: Award Details - The Golden Bull Award includes nine categories, such as "Most Investment Value Award," "Golden Bull Entrepreneur Achievement Award," and "Golden Bull Secretary Award" [5]. - The "Golden Bull Entrepreneur Achievement Award" recognizes outstanding leaders in terms of leadership, industry influence, social responsibility, and corporate governance [5].

Core Insights - Qingdao Port has achieved significant advancements in automation and smart technology, enhancing operational efficiency and service quality in the logistics sector [1][2][3][4][5][6][7] Group 1: Automation and Efficiency - Qingdao Port has successfully implemented automation upgrades across various terminals, including dry bulk, general cargo, and liquid bulk, achieving full-process automation [3][4] - The port's automated systems, such as the A-TOS (Fully Automated Container Terminal Intelligent Control System), have significantly improved operational efficiency, with average productivity increasing by over 8% and energy consumption decreasing by more than 10% [4][5] - The "Weili Innovation Team" has completed automation modifications on 33 port machines and developed the iGTOS system, establishing a comprehensive smart management platform for dry bulk operations [2][4] Group 2: Technological Innovation - The port has developed the Ark TaaS (Trade as a Service) model, which utilizes AI to provide optimal shipping routes and cost estimates, enhancing decision-making for clients [6] - Qingdao Port has focused on domestic innovation, overcoming challenges related to reliance on imported technology, and has successfully developed key systems and components in-house [4][5] Group 3: Future Development - The port aims to drive a comprehensive transformation in port operations over the next five years, leveraging digital development to create new logistics and supply chain models [7] - Ongoing projects include the deployment of high-voltage shore power robots and intelligent scheduling systems to enhance operational efficiency and environmental sustainability [7]

Core Insights - Qingdao Port has achieved significant advancements in automation and intelligent services, marking a high-quality development in the port industry [1][3][6] - The port has successfully integrated various technologies to enhance operational efficiency and reduce energy consumption, demonstrating a commitment to innovation and sustainability [2][4][5] Group 1: Automation and Efficiency - Qingdao Port has implemented automation upgrades across multiple types of cargo handling, including dry bulk, general cargo, and liquid bulk, achieving full-process automation [3][4] - The port's automated systems have improved operational efficiency by over 8% and reduced average energy consumption by more than 10%, resulting in annual savings exceeding 60 million yuan [2] - The A-TOS system, developed in-house, has been pivotal in enhancing the port's operational capabilities, allowing for real-time scheduling and efficient resource management [4][5] Group 2: Technological Innovation - The "Weili Innovation Team" has played a crucial role in overcoming challenges related to automation, successfully retrofitting 33 port machines and developing the iGTOS system for smart management [2] - The introduction of the Ark TaaS model has revolutionized decision-making for clients by providing optimized shipping routes and cost estimates within seconds, enhancing transparency and efficiency in logistics [6] - Qingdao Port is exploring further innovations, such as high-voltage shore power robots and intelligent scheduling systems, to drive future advancements in port operations [7]

Core Insights - Qingdao Port has achieved significant advancements in automation and smart technology, enhancing operational efficiency and service quality in the logistics sector [2][5][8] Group 1: Automation and Efficiency - Qingdao Port has successfully implemented the world's first fully autonomous port, achieving a 2.4% year-on-year increase in cargo throughput to 498 million tons and a 7.4% increase in container throughput to 22.05 million TEUs in the first eight months of the year [2] - The port's automation upgrades have led to an average operational efficiency improvement of over 8% and a reduction in average energy consumption by more than 10%, resulting in annual savings exceeding 60 million yuan [4][5] Group 2: Technological Innovations - The port has developed the iGTOS system, a comprehensive smart management platform for bulk cargo operations, integrating smart scheduling, digital yard management, and equipment control [4] - The A-TOS system, a fully automated container terminal management system, has been implemented, featuring intelligent sorting algorithms that enhance operational efficiency and responsiveness [5][6] Group 3: AI and Data Utilization - The Ark TaaS model has been introduced, providing real-time decision-making support for shipping routes and costs, significantly improving service transparency and efficiency for users [7][8] - The port is leveraging AI technology to address key logistical challenges, such as low customer service efficiency and resource coordination difficulties, by integrating extensive operational data [8] Group 4: Future Development Plans - Qingdao Port aims to drive comprehensive changes in port operations over the next five years, focusing on digital development and the creation of new logistics and supply chain models [8]

Core Viewpoint - Shandong Port Qingdao Port leverages its geographical advantage near Japan and South Korea, establishing a comprehensive maritime shipping network that connects major ports in these countries, facilitating efficient logistics for international trade [1] Group 1 - Qingdao Port handles a significant volume of international transshipment business with Japan and South Korea [1] - The port operates approximately 40 direct "Japan-Korea Express" sailings each week, enhancing the efficiency and convenience of maritime logistics between China, Japan, and South Korea [1] - The establishment of this dense maritime logistics corridor strengthens Qingdao Port's role as a key hub in regional trade [1]

Investment Rating - The investment rating for Qingdao Port (601298) is "Buy" [1] Core Views - The report highlights that Qingdao Port has maintained steady growth in its operating performance, with cargo throughput steadily increasing [2] - The financial performance shows stable profit growth, with a year-on-year increase in net profit attributable to shareholders of 6.33% for the first three quarters of 2025 [3][4] - The report projects revenue and net profit growth for the years 2025 to 2027, with expected revenues of 191.12 billion, 194.59 billion, and 197.81 billion respectively, and net profits of 54.91 billion, 57.18 billion, and 59.39 billion respectively [4] Summary by Sections Operating Performance - Cargo throughput for the first three quarters of 2025 reached 546 million tons, a year-on-year increase of 2.4% [4] - Container throughput for the same period was 25.84 million TEUs, up 7.1% year-on-year [4] Financial Performance - Revenue for the first three quarters of 2025 was 14.238 billion, reflecting a year-on-year growth of 1.86% [4] - Net profit attributable to shareholders for the first three quarters was 4.180 billion, with quarterly figures of 1.402 billion, 1.439 billion, and 1.339 billion, showing growth rates of 6.51%, 8.64%, and 3.79% respectively [4] Earnings Forecast - The report forecasts earnings per share (EPS) of 0.85, 0.88, and 0.91 for the years 2025, 2026, and 2027 respectively, with corresponding price-to-earnings (P/E) ratios of 10.14, 9.74, and 9.38 [4][5]