证券代码：600026 证券简称：中远海能 公告编号：2025-023 中远海运能源运输股份有限公司 关于控股股东增持计划实施完毕暨增持结果的公告 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： 一、 增持主体的基本情况 二、 增持计划的主要内容 基于对公司未来发展前景的坚定信心及中长期价值的认可，为增强投资者对 公司的投资信心，提升公司价值，切实维护广大投资者利益，公司间接控股股东 中远海运集团计划自 2024 年 10 月 21 日起 6 个月内，通过上海证券交易所交易 1 增持计划主要内容：本公司间接控股股东中国远洋海运集团有限公司（以下 简称"中远海运集团"）计划自 2024 年 10 月 21 日起 6 个月内，以专项贷款 及自有资金通过上海证券交易所以集中竞价交易方式增持公司 A 股股份，增 持股份总金额不低于人民币 6.79 亿元，不超过人民币 13.58 亿元。 增持计划实施结果：自增持计划公布以来，截至本公告披露之日，中远海运 集团通过上海证券交易所交易系统以集中竞价交易方式累计增持公司 A ...

国浩律师（上海）事务所 关于 中国远洋海运集团有限公司 增持中远海运能源运输股份有限公司股份 之 专项核查意见 上海市山西北路 99 号苏河湾中心 25-28 层 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai 200085, China 电话/Tel:(+86)(21)52341668 传真/Fax: (+86)(21)52433320 网址/Website: http://www.grandall.com.cn 二〇二五年四月 国浩律师（上海）事务所 专项核查意见 国浩律师（上海）事务所 关于中国远洋海运集团有限公司 增持中远海运能源运输股份有限公司股份之 专项核查意见 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司收购管理办法》（以下简称"《收购管理 办法》"）等法律、法规及有关规范性文件的规定，国浩律师（上海）事务所（以下 简称"本所"）接受委托，就中国远洋海运集团有限公司（以下简称"中远海运集 团"或"增持人"）于 ...

智通财经4月16日电，香港交易所信息显示，花旗集团在中远海能的持股比例于04月10日从8.24%降至 7.91%。 ...

每经记者 张韵 每经编辑 董兴生 4月11日，中远海能（SH600026，股价10.17元，市值485.2亿元）召开2025年第一次临时股东大会，就 定增预案及新造船舶等议案进行了审议。 根据公司此前披露的相关公告，中远海能拟通过向特定对象发行A股股票的方式募集资金，用于投资建 造6艘VLCC（超大型油轮）、2艘LNG运输船以及3艘阿芙拉型原油轮，募资总额不超过人民币80亿 元，发行对象为包括中远海运集团在内的不超过35名特定投资者。 运力供给方面，根据Clarksons报告，2025年全球原油轮供给增长率预计约1.2%，成品油轮供给增长率 预计约5.6%，供需基本面仍然健康。但不断老化的全球船龄、短期内紧张的船厂产能和不断推行的环 保政策等因素导致运力供给端出现"新增速度不及衰老速度"的紧张局面，油运市场将在上述基本面因素 的支撑下进入持续性的景气周期。 国际油运需求放缓、供给减少 2024年，中远海能实现归母净利润人民币40.37亿元，同比增长19.37%，创2016年公司合并重组以来最 佳业绩。 在2024年业绩报告中，中远海能表示，2024年，在国际油运市场方面，油轮运力净增长保持低位，运输 需求增速 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于中远海运能源运输股份有限公司 2025 年第一次临时股东大会、2025 年第一次 A 股类别股东大 会及 2025 年第一次 H 股类别股东大会的法律意见书 致：中远海运能源运输股份有限公司 国浩律师（上海）事务所（以下简称"本所"），接受中远海运能源运输股份有 限公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第一次临时 股东大会（以下简称"本次临时股东会"）、2025 年第一次 A 股类别股东大会（以 下简称"本次 A 股类别股东会"）及 2025 年第一次 H 股类别股东大会（以下简 称"本次 H 股类别股东会"，与"本次临时股东会"、"本次 A 股类别股东会"合称 "本次股东会"），并根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下 简称"《股东会规则》"）以及《中远海运能源运输股份有限公司章程》（以下简称 "《公司章程》"）的规定出具本法律意见书。 本所依据本法律意见书出具日之前已经发生或存在的事实及中国（为出具本 法律意见书之目 ...

智通财经4月9日电，香港交易所信息显示，贝莱德（BlackRock）在中远海能的持股比例于04月04日从 5.15%降至4.59%。 ...

二、 增持计划的主要内容 证券代码：600026 证券简称：中远海能 公告编号：2025-021 中远海运能源运输股份有限公司 关于控股股东增持计划进展的自愿性披露公告 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： 自增持计划公布以来，本公司间接控股股东中国远洋海运集团有限公司（以 下简称"中远海运集团"）积极实施增持计划。现将有关情况公告如下： 一、 增持主体的基本情况 1. 增持主体：中远海运集团，为本公司间接控股股东。 2. 增持主体持股数量及持股比例：增持计划实施前，中远海运集团直接和 间接合计持有公司 2,156,350,790 股 A 股股份，占公司总股本的 45.20%。 基于对公司未来发展前景的坚定信心及中长期价值的认可，为增强投资者对 1 增持计划主要内容：本公司间接控股股东中远海运集团计划自 2024 年 10 月 21 日起 6 个月内，以专项贷款及自有资金通过上海证券交易所以集中竞价交 易方式增持公司 A 股股份，增持股份总金额不低于人民币 6.79 亿元，不超 过人民币 13.58 ...

Group 1: Financial Performance - In 2024, the company achieved a revenue of 23.24 billion yuan (+2.3%) and a net profit attributable to shareholders of 4.037 billion yuan (+19.4%), marking a new high since the 2016 restructuring. The non-recurring net profit was 3.98 billion yuan (-3.8%) [1] - For Q4, the company reported a revenue of 6.1 billion yuan (-1.6%) and a net profit attributable to shareholders excluding non-recurring items of 630 million yuan (-22.4%). The total annual dividend was 2.05 billion yuan, with a payout ratio of 50.8%, distributing 4.3 yuan per 10 shares [1] Group 2: Oil Transportation and LNG Contribution - Foreign trade oil transportation generated revenue of 14.57 billion yuan (+4.1%), with the VLCC TD3C route's average TCE at approximately 34,900 USD (-3%). In Q4, TCE dropped to 28,800 USD, a year-on-year decline of 24% due to OPEC+ production cuts and slower replenishment in China [2] - Domestic oil transportation revenue was 5.91 billion yuan (-4.8%), with a gross margin of 25.5% (+1 percentage point). The company secured 91% of its base cargo sources and flexibly allocated 21 vessel trips, demonstrating stable profitability [2] - LNG transportation revenue increased to 2.23 billion yuan (+22.5%), with project vessel deliveries enhancing revenue certainty. The company participated in a joint bid for six 270,000 cubic meter QC-Max LNG carriers and completed several other LNG projects, expanding its fleet to 87 vessels by the end of 2024 [2] Group 3: Market Outlook and Fleet Management - For 2025, the oil transportation market is expected to maintain a high price level, driven by multiple factors. The nominal capacity of the VLCC fleet is projected to decrease, with effective supply likely reducing more significantly due to restrictions on "shadow fleets" and the aging fleet being less efficient [3] - The company plans to invest in constructing six VLCCs in November 2024, which will further modernize its fleet, currently averaging 11.9 years in age [3] Group 4: Profit Forecast and Investment Recommendation - The company forecasts net profits attributable to shareholders of 5.56 billion yuan, 5.54 billion yuan, and 5.77 billion yuan for 2025-2027. Given the anticipated sustained high demand in the global oil transportation market, the company is positioned to benefit and maintains a "buy" rating [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - In 2024, the company achieved operating revenue of 23.244 billion yuan, a year-on-year increase of 2.25%, and a net profit attributable to shareholders of 4.037 billion yuan, representing a year-on-year growth of 19.37% [2][5]. - The LNG business has become a highlight, with significant contributions from the energy and chemical sectors following their consolidation into the company's financials [9]. Summary by Sections Business Performance - The company's internal and external oil transportation and LNG businesses reported gross profits of 1.47 billion yuan, 3.59 billion yuan, and 1.08 billion yuan, respectively, with year-on-year changes of -0.9%, -13.5%, and +25.2% [9]. - The LNG fleet expanded to 51 vessels in 2024, an increase of 8 vessels compared to the previous year [9]. - The energy and chemical business acquisition added stable profit sources, with gross profits from chemical and LPG shipping operations each at 50 million yuan [9]. Future Outlook - The company anticipates a 55% increase in stable profits from internal trade and LNG operations by 2028, reaching 4.35 billion yuan [9]. - The expected performance for 2025-2027 is projected at 5.32 billion yuan, 6.20 billion yuan, and 6.32 billion yuan, with corresponding price-to-earnings ratios of 10.1, 8.6, and 8.5 times [9].

Group 1: Company Financial Performance - In 2024, the company's revenue reached 23.24 billion RMB, a year-on-year increase of 2.2% (adjusted) [1] - The net profit attributable to shareholders for the year was 4.04 billion RMB, reflecting a year-on-year growth of 19.4% (adjusted) [1] - The company's cash dividend for 2024 is set at 4.3 RMB per 10 shares (including tax), with a payout ratio of 50.82% [1] Group 2: Trade and Transportation Performance - In Q4, domestic oil transportation revenue was 1.53 billion RMB, down 6% year-on-year, with a gross margin of 22.2% [2] - LNG transportation revenue in Q4 was 620 million RMB, up 31% year-on-year, with a gross margin of 42.7% [2] - Foreign trade oil transportation revenue in Q4 was 3.45 billion RMB, a slight increase of 0.2% year-on-year, but with a gross margin of 12.7%, down 6.4 percentage points [2] Group 3: Market Outlook and Demand - The demand for VLCC (Very Large Crude Carrier) in the second half of 2024 is expected to be subdued due to OPEC's production cuts and weak demand from Chinese refineries [3] - The narrowing price difference between regions is likely to negatively impact long-distance oil trade [3] - The outlook for VLCC remains optimistic due to strong supply constraints and a potential recovery in demand in 2025, with limited growth in effective capacity [3] Group 4: Regulatory Environment and Market Dynamics - The tightening of sanctions on non-compliant trade from Iran, Venezuela, and Russia may benefit the formal market by increasing demand [4] - The U.S. "maximum pressure" campaign is extending sanctions beyond traditional targets, affecting the entire supply chain [4] - The company maintains an optimistic mid-term outlook for VLCC profitability, with projected net profits for 2025-2026 at 5.29 billion and 6.33 billion RMB, respectively [4]