证券代码：600026 证券简称：中远海能 公告编号：2025-069 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： 2025 年 12 月 12 日，本公司及附属公司（作为买方）分别与关联方中远海运 重工附属船厂（作为卖方）签订十九艘船舶的建造合同，含税合同船价总额 为人民币 78.8198 亿元。 | 建造船型 | 建造数量 | 合同船价/艘（亿元 | 建造船厂 | 买方 | | --- | --- | --- | --- | --- | | | （艘） | 人民币，含税） | （卖方） | | | 9000 立方米乙 | 1 | 3.2798 | 大连重工 | 大连海能 | | 烯运输船 | | | | | | 阿芙拉型原油 轮（甲醇双燃 | 2 | 6.1 | 扬州重工 | 海南海能 | | 料） | | | | | | LR2型成品油/ 原油轮（甲醇 | 2 | 6.3 | 扬州重工 | 海南海能 | | 双燃料） | | | | | | LR1型成品油/ | 2 | 4.56 | 大连重工 | ...

一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2025 年 12 月 5 日，中远海运能源运输股份有限公司（以下简称"中远海能"、 "本公司"或"公司"，连同附属公司，简称"本集团"）召开二〇二五年第六 次独立董事专门会议，一致同意将《关于公司与北海船务 2025 年度关联交易额 度的议案》提交公司二〇二五年第十六次董事会会议审议，并发表审查意见如下： 公司与上海北海船务股份有限公司（以下简称"北海船务"）之间发生的期租、 航次租船等为公司正常经营所需，交易遵循一般商业条款，定价公允，不存在损 害公司及全体股东（尤其是中小股东）利益的情形。 证券代码：600026 证券简称：中远海能 公告编号：2025-070 中远海运能源运输股份有限公司 关于 2025 年度与北海船务日常关联交易额度的公告 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： （三）2025 年度日常关联交易金额上限 2025 年 1-11 月，本公司与北海船务之间的日常关联交易发生金额约为人民 币 1.77 亿元，未达到本公司最 ...

证券代码：600026 证券简称：中远海能 公告编号：2025-071 中远海运能源运输股份有限公司 关于使用募集资金置换预先投入自筹资金的公告 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： 经中国证券监督管理委员会《关于同意中远海运能源运输股份有限公司向特 定对象发行股票注册的批复》（证监许可〔2025〕1703 号）同意，公司 2025 年 度向特定对象发行每股面值人民币 1.00 元的人民币普通股（A 股）694,444,444 股（以下简称"本次发行"），本次发行价格为人民币 11.52 元/股，募集资金总 额为人民币 7,999,999,994.88 元，扣除总发行费用（不含增值税）人民币 20,489,715.56 元后，本次实际募集资金净额为人民币 7,979,510,279.32 元。前述 募集资金已于 2025 年 10 月 10 日全部到账，并经信永中和会计师事务所（特殊 普通合伙）审验，出具了《中远海运能源运输股份有限公司向特定对象发行股票 募集资金验资报告》（XYZH/2025BJA ...

证券代码：600026 证券简称：中远海能 公告编号：2025-068 中远海运能源运输股份有限公司 二〇二五年第十六次董事会会议决议公告 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。 中远海运能源运输股份有限公司（以下简称"中远海能"、"本公司"或"公 司"）二〇二五年第十六次董事会会议通知和材料于 2025 年 12 月 6 日以电子邮 件/专人送达形式发出，会议于 2025 年 12 月 12 日以通讯表决的方式召开.会议的 召开符合《中华人民共和国公司法》和《公司章程》的有关规定。与会董事听取 并审议通过了以下议案： 一、审议并通过《关于大连海能投资新造 1 艘 9000 立方米乙烯运输船的议 案》 经审议，董事会同意公司下属全资子公司大连中远海运能源供应链有限公司 （以下简称"大连海能"）在大连中远海运重工有限公司（以下简称"大连重工"） 建造 1 艘 9000 立方米乙烯运输船，项目总投资约为人民币（下同）33,349.42 万 元，其中合同船价（含税）为 32,798 万元。 项目资金来源为自有资金和外部融资 ...

Core Viewpoint - China COSCO Shipping Energy Transportation Co., Ltd. (中远海能) announced the signing of contracts for the construction of 19 vessels with a total contract price of 7.882 billion yuan, which constitutes a related party transaction and requires shareholder approval after board review [1] Group 1 - The total contract price for the new vessels is 7.882 billion yuan, including tax [1] - The new vessels include 9,000 cubic meter ethylene carriers, Aframax oil tankers, LR2 product/oil tankers, LR1 product/oil tankers, MR product/oil tankers, and MR oil tankers [1] - The purpose of these new builds is to enhance the resilience of the energy supply chain, optimize fleet structure, and promote green shipping [1]

中远海能公告称，公司2025年度向特定对象发行股票，募集资金总额79.99亿元，净额79.79亿元，已于 2025年10月10日到账。截至2025年10月15日，公司以自筹资金预先投入募投项目1.70亿元，已支付发行 费用358.03万元。公司召开董事会，同意使用募集资金1.72亿元置换预先投入募投项目和已支付发行费 用的自筹资金，置换时间距到账未超6个月，符合相关规定，保荐人对此无异议。 ...

Core Viewpoint - China COSCO Shipping Energy Transportation Co., Ltd. announced a private placement of 694 million A-shares at a price of 11.52 yuan per share, raising a total of 7.999 billion yuan, with a net amount of 7.979 billion yuan received on October 10 [1] Fund Utilization - The raised funds will be used for the construction of 6 Very Large Crude Carriers (VLCCs), 2 LNG carriers, and 3 Aframax oil tankers [1] - As of October 15, the company has pre-invested 170 million yuan of its own funds into the projects and has paid issuance expenses of 35.8027 million yuan [1] Board Approval - On December 12, the company's board approved the use of raised funds to replace the pre-invested amount of 170 million yuan and the paid issuance expenses of 27.4143 million yuan, totaling 172 million yuan [1] - The sponsor, Guotai Junan Securities, believes that the replacement is in compliance with regulations and has no objections to the matter [1]

Core Insights - A total of 553 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of December 10 [1] - ST Jinglan has the longest streak of net outflows, with 23 days, followed by Aier Eye Hospital with 22 days [1] - The largest total net outflow amount is from Changcheng Military Industry, which has seen a cumulative outflow of 2.123 billion yuan over 12 days [1] Summary by Category Stocks with Longest Net Outflow Duration - ST Jinglan: 23 days of net outflow [1] - Aier Eye Hospital: 22 days of net outflow [1] - Sairisi: 7 days of net outflow [1] Stocks with Largest Net Outflow Amount - Changcheng Military Industry: 2.123 billion yuan over 12 days [1] - Aier Eye Hospital: 1.706 billion yuan over 22 days [1] - Sairisi: 1.370 billion yuan over 7 days [1] Stocks with Highest Net Outflow Proportion - *ST Zhengping: 26.44% decline over the last 5 days [1] - Aier Eye Hospital: 14.30% decline over 22 days [1] - Sairisi: 11.26% decline over 7 days [1] Additional Notable Stocks - Keda Xunfei: 1.209 billion yuan net outflow over 12 days with a 2.75% decline [1] - Dongfang Precision: 1.171 billion yuan net outflow over 7 days with a 10.92% decline [1] - Huaying Technology: 939 million yuan net outflow over 5 days with a 7.32% decline [1]

Core Insights - The China Securities Association released the results of the "2025 Evaluation of Board Secretaries of Listed Companies," with 282 board secretaries receiving a 5A rating, 589 receiving a 4A rating, and 687 receiving a 3A rating [1] - The evaluation criteria included ten major standards and 67 indicators, covering areas such as compliance, information disclosure, internal control, investor relations management, and social responsibility [1] - Board secretaries play a crucial role in corporate governance, acting as gatekeepers for compliance and as a bridge between the capital market, investors, and company management [1] Group 1 - A total of 282 board secretaries achieved the highest 5A rating, reflecting their exceptional performance and the governance standards of their respective companies [1] - The evaluation emphasizes the importance of board secretaries in maintaining corporate transparency and sustainable development [1] - The recognition of board secretaries is not only a personal accolade but also highlights the benchmark status of their companies in governance and transparency [1] Group 2 - Notable companies with 5A rated board secretaries include COSCO Shipping Energy, Fosun Pharma, and Kweichow Moutai, among others [2] - The list of 5A rated board secretaries includes individuals such as Ni Yidan from COSCO Shipping Energy and Dong Xiaoxian from Fosun Pharma [2] - The evaluation results serve as a reference for best practices in corporate governance and investor relations within the industry [1][2]

Summary of Key Points from the Conference Call on China Tanker Shipping Industry Overview - The tanker shipping industry is expected to remain strong through 2026, driven by elevated tonne-mile demand, low net VLCC (Very Large Crude Carrier) additions, and ongoing Chinese stockpiling [1][3][6] - The outlook becomes cautious beyond 2026 as global supply is anticipated to rise, with the VLCC orderbook now at approximately 17% of the fleet [1][3][6] Core Insights - **Earnings Projections**: VLCC earnings are expected to average around US$100,000 per day in 2026, within a range of US$50,000 to US$200,000 per day [1][3][6] - **Supply Dynamics**: The global order book has increased significantly, with Suezmax at 21% and Aframax/LR2 at 16-17% of the fleet. Over 20% of the current fleet is already 20 years or older, but scrapping typically accelerates only after rates weaken [1][3][6] - **Shadow Fleet**: The removal of the shadow fleet, which constitutes over 10% of global capacity, is seen as a potential upside but remains politically uncertain [1][3][6] Market Conditions - **Current Demand Drivers**: The demand for crude tankers is supported by geopolitical factors, including the Russia-Ukraine conflict, which has reshaped global oil flows and increased voyage distances [1][3][10] - **Chinese Stockpiling**: China's crude imports increased by 3% year-on-year, driven by strategic and refinery stockpiling, with expectations for further growth in 2026 [1][12][10] - **Spot Earnings**: Current spot earnings for VLCCs are around US$115,000 per day, with Suezmaxes at US$80,000-90,000 and Aframaxes at US$55,000-60,000 [1][10] Future Outlook - **Transition Period**: The market is expected to enter a transition phase in 2027-28, characterized by a heavy delivery cycle and potential scrapping of older vessels, particularly if sanctions on Russia are lifted [1][3][6] - **Volatility Anticipation**: The stock of COSCO Shipping Energy Transportation (CSET) is expected to remain volatile due to mixed geopolitical news and supply-related headlines [1][3][6] Additional Considerations - **Environmental Regulations**: Future environmental policies and costs associated with compliance are expected to impact older ships' economics over the next 4-5 years [1][3][6] - **Shipbuilding Capacity**: Chinese shipyards currently account for 65-70% of global oil-tanker orders, with a significant increase in shipbuilding capacity compared to previous years [1][20][22] This summary encapsulates the key insights and projections regarding the tanker shipping industry and COSCO Shipping Energy Transportation, highlighting both opportunities and risks in the evolving market landscape.