Core Viewpoint - Qingdao Port's stock price has shown significant growth in early 2025, with a year-to-date increase of 16.67% and a recent surge of 6.92% over the past five trading days, indicating strong market performance and investor interest [2]. Financial Performance - For the period from January to September 2025, Qingdao Port achieved a revenue of 14.238 billion yuan, reflecting a year-on-year growth of 1.86%, while the net profit attributable to shareholders was 4.180 billion yuan, up by 6.33% [2]. - The company has distributed a total of 13.770 billion yuan in dividends since its A-share listing, with 6.638 billion yuan distributed over the past three years [3]. Stock Market Activity - As of February 2, 2025, Qingdao Port's stock price was 9.73 yuan per share, with a trading volume of 1.08 billion yuan and a market capitalization of 63.158 billion yuan [1]. - The stock has a turnover rate of 0.21%, with net outflows of 2.9348 million yuan from main funds, while large orders accounted for 12.01% of purchases and 15.39% of sales [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Qingdao Port increased to 38,300, marking a rise of 7.23% from the previous period [2]. - The top ten circulating shareholders include notable entities such as the Southern S&P China A-share Large Cap Dividend Low Volatility ETF and the Hong Kong Central Clearing Limited, with increases in their holdings [3].

Core Insights - The article highlights the successful implementation of an all-factor intelligent scheduling system at Qingdao Port, which has led to a significant increase in operational efficiency by over 10% [1][2]. Group 1: Intelligent Scheduling System - Qingdao Port International Co., Ltd. has developed an all-factor intelligent scheduling system that integrates various operational elements such as vessels, cargo, equipment, locations, and personnel [2]. - The system has been applied at multiple terminals in Shandong Port, achieving a 26-fold increase in efficiency by reducing planning time from hours to minutes, with an accuracy rate of over 96% for optimal planning [2]. Group 2: Operational Improvements - The traditional method required planners to manually integrate over 130 vessel factors, which limited efficiency due to the need for frequent adjustments to berthing plans [2]. - The new intelligent scheduling system automates the generation of berthing plans by coordinating factors like shipping schedules, tides, and berth availability, leading to a seamless integration with terminal operation systems [2].

Investment Rating - The report maintains a "Buy" recommendation for the shipping industry, highlighting the upward potential in both oil and dry bulk markets [7]. Core Insights - Geopolitical tensions, particularly between the US and Iran, have led to an increase in VLCC freight rates, with the Clarksons VLCC-TCE index rising to $116,000, a week-on-week increase of 17% [10][11]. - The BDI index has shown resilience during the off-season, closing at 2148 points, up 21.9% week-on-week, with significant increases in various vessel types [23][24]. Summary by Sections Oil Shipping - The ongoing tensions in the Middle East have resulted in a significant rise in VLCC freight rates, particularly on the Middle East to China route, which saw a 27% increase to $127,000 per day [10][11]. - The market fundamentals are weakening, with a slowdown in cargo availability and a lack of new cargo in the US Gulf market, leading to a decline in overall market activity [10][11]. Dry Bulk Shipping - The BDI index has shown a remarkable performance during the off-season, with a year-on-year increase of 89% in January, averaging 1759 points [24]. - The strong performance of the BCI index, which increased by 121% year-on-year, is attributed to supply constraints and steady demand from Brazil and West Africa [24]. Investment Recommendations - The report emphasizes the potential for upward trends in both oil and dry bulk markets, recommending companies such as China Merchants Energy Shipping and COSCO Shipping Energy [27]. - For dry bulk, the report suggests companies like Haitong Development and Pacific Shipping, citing favorable supply and demand dynamics [28]. Industry Data Tracking - Recent data shows a year-on-year increase of 8.3% in domestic air passenger volume, with average ticket prices rising by 4.3% [29]. - The SCFI index has decreased by 10% week-on-week, indicating a decline in container shipping rates [50].

为进一步提升作业效率，青岛港成立操作专班，针对生产组织各环节精准发力，推出"固定靠泊泊位、 保障堆场机械出勤"等七项务实举措，从计划到执行形成闭环管理，有效消除作业堵点，确保船舶靠离 与装卸全过程高效顺畅。 在集装箱作业效率领跑全球的同时，青岛港的外贸航线布局捷报频传。2026年以来，青岛港接连开通澳 洲直航、中泰快线2条外贸新航线，进一步织密全球航线网络，增强港口枢纽功能。下一步，青岛港将 继续提升运营效率与服务水平，充分发挥枢纽港优势，强化产业链服务能力，为构建新发展格局、推动 高质量发展贡献港口力量。 中证报中证网讯（记者 张鹏飞）近日，马士基航运发布2025年度效率数据，青岛港在马士基中东航线 效率榜单中表现亮眼，以单机作业效率34.14自然箱/小时的成绩，荣登该航线全球第一。 ...

在集装箱作业效率领跑全球的同时，青岛港的外贸航线布局捷报频传。2026年以来，青岛港接连开通澳大利亚直航、中泰 快线2条外贸新航线，进一步织密全球航线网络，增强港口枢纽功能。下一步，青岛港将继续提升运营效率与服务水平，充分 发挥枢纽港优势，强化产业链服务能力，为构建新发展格局、推动高质量发展贡献港口力量。 为进一步提升作业效率，青岛港成立操作专班，针对生产组织各环节精准发力，推出"固定靠泊泊位、保障堆场机械出 勤"等七项务实举措，从计划到执行形成闭环管理，有效消除作业堵点，确保船舶靠离与装卸全过程高效顺畅。 （编辑 张伟） 本报讯 （记者刘钊）近日，马士基航运发布2025年度效率数据，青岛港在马士基中东航线效率榜单中表现亮眼，以单机作 业效率34.14自然箱/小时的成绩，荣登该航线全球第一，持续巩固集装箱作业的核心竞争力。 ...

Investment Rating - The report maintains a "Recommend" rating for the transportation sector, emphasizing the value of transportation assets [1]. Core Insights - The port container sector shows relatively good market conditions, with only the port segment outperforming the CSI 300 and transportation indices [4][10]. - The overall performance of transportation assets is average, with highway and railway sectors underperforming [10][11]. - The report highlights a low interest rate environment, which is conducive to capital operations and market activity [20][21]. Monthly Market Performance - In January 2026, the performance of transportation assets was generally average, with only the port sector showing positive growth [4][8]. - The cumulative performance from January 1 to January 27, 2026, showed highways down by 1.50%, railways down by 3.14%, and ports up by 2.96% [10][11]. - The average daily transaction volume for ports increased significantly, while highway transaction volumes decreased [22]. Industry Data - Highway passenger traffic in November 2025 was 961 million, down 2.4% year-on-year, while freight traffic increased by 3.6% [33]. - Railway passenger volume in December 2025 was 323 million, up 8.5% year-on-year, while freight volume decreased by 2.6% [51]. - Port cargo throughput for the four weeks from December 29, 2025, to January 25, 2026, was 1.036 billion tons, up 4.3% year-on-year [60]. Investment Recommendations - The report identifies high-dividend quality stocks in the transportation sector, recommending companies like Sichuan Chengyu and Daqin Railway for their stable growth and high dividend yields [4][19]. - It emphasizes the importance of capital operations and strategic investments in the highway and port sectors to enhance overall performance [29][30].

扩围的多式联运模式优势明显，以600公里以上距离为例，海铁联运与海公联运相比，一般可节约30%左右的运输成本，是连接内陆口岸与沿海口岸的最佳 通道。对企业而言，新模式带来的不仅是手续上的简化，更是实打实的成本下降。 1月27日，海关总署推出的扩范围多式联运试点同时在山东、上海、江苏、浙江、福建、海南、广西、重庆等全国多个口岸落地。新模式以"多式联运申请 单"替代传统转关申报，实现货物在口岸、换装地与目的地之间的无缝流转。 1月27日上午，在山东青岛口岸，一批采用海铁多式联运新模式申报的250吨进口棉花，卸船后直接装上班列。企业仅需向海关申报一张"多式联运申请单"， 即可快速完成海运与铁路运输的转换，真正实现"一次申报、一单到底"。 青岛海关口岸监管处副处长 罗福茂：对符合条件的货物，企业可实现"一次报关、一次查验"，免于办理转关手续，货物"零等待"换装，有效降低企业物流 成本和货物在途时间。 青岛港地处"一带一路"海陆交汇点，是黄河流域重要出海口，目前已建成56个内陆港，开通86条海铁联运班列，海铁联运发运量已连续11年位居全国首位。 过去的海铁联运方式，因变更运输方式时，还要同时办理转关手续，海铁联运并未真 ...

上银丰瑞一年持有期混合发起式A（019787）基金经理为赵治烨、许佳。 截至发稿，赵治烨累计任职时间10年263天，现任基金资产总规模21.93亿元，任职期间最佳基金回报 153.85%， 任职期间最差基金回报-42.27%。 许佳累计任职时间5年71天，现任基金资产总规模329.59亿元，任职期间最佳基金回报21.08%， 任职期 间最差基金回报0.6%。 1月27日，青岛港涨1.21%，截至发稿，报9.21元/股，成交3.93亿元，换手率0.79%，总市值597.83亿 元。青岛港股价已经连续4天上涨，区间累计涨幅8.87%。 资料显示，青岛港国际股份有限公司位于山东省青岛市市北区港极路7号，成立日期2013年11月15日， 上市日期2019年1月21日，公司主营业务涉及集装箱、金属矿石、煤炭、原油等各类货物的装卸及配套 服务、物流及港口增值服务、港口配套服务、金融服务等。主营业务收入构成为：装卸及相关业务 56.72%，物流及港口增值服务36.96%，港口配套服务-销售油、电及其他3.25%，港口配套服务-租金收 入1.95%，港口配套服务-工程等劳务1.13%。 从基金十大重仓股角度 数据显示，上银基 ...

值得一提的是，航线进一步加密周班班次，让供应链规划更具灵活性与前瞻性，助力企业快速响应市场 变化，同时，进一步提升船舶舱位运力，为"货到即发、高效流转"筑牢保障。这一举措将重点惠及电子 元件、家居用品、特色农产品等"中国制造"优势货种，为其开辟更稳定、更快捷的出海通道，精准对接 中泰日益旺盛的贸易需求。 青岛港为保障首航作业，科学统筹泊位、桥吊、堆场等核心资源，量身定制"一船一策"专属作业方案， 全流程高效运转，以专业高效的作业水准为客户提供了优质满意服务，充分彰显了青岛港的硬核服务实 力。(齐和宁) 近日，首航船舶"正利吉隆坡"轮靠泊青岛港（601298），标志着中泰贸易新增一条高效海运通道，这条 被誉为"中泰快线"的海运新干线，以精准直达、高效便捷的鲜明优势，为中泰两国贸易往来注入强劲新 动能。 新航线以"精简挂港、直达高效"为核心竞争力，精准布局国内南北物流枢纽，精选核心港口，点对点直 达泰国林查班港，构建起一条贯通南北、衔接中泰的高效运输走廊。相较于传统航线，该航线彻底省去 复杂转运及中途停靠环节，从根源上规避了多次装卸、中转带来的货物延误与货损风险，为客户打造了 时效与品质双优的物流新体验。 ...

1月26日，青岛港涨5.07%，截至发稿，报9.12元/股，成交4.20亿元，换手率0.87%，总市值591.99亿 元。 从基金十大重仓股角度 数据显示，工银瑞信基金旗下1只基金重仓青岛港。工银红利优享混合A（005833）四季度增持975.06万 股，持有股数2987.22万股，占基金净值比例为4.14%，位居第九大重仓股。根据测算，今日浮盈赚取约 1314.38万元。 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，任何在本文出现的信息（包括但 不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验，因此本文内 容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 数据显示，工银瑞信基金旗下1只基金位居青岛港十大流通股东。工银红利优享混合A（005833）三季 度新进十大流通股东，持有股数2012.16万股，占流通股的比例为0.31%。根据测算，今日浮盈赚取约 885.35万元。 ...