Investment Rating - The report maintains a positive outlook on the shipping industry, particularly focusing on oil transportation and shipbuilding sectors, recommending stocks such as ST Songfa and China Merchants Energy [4]. Core Insights - The report highlights a strong performance in oil shipping, with VLCC TCE rates rising by 24% to $146,385 per day, and a significant increase in demand leading to higher freight rates [4]. - The global energy chain's valuation is on the rise, driven by long-term capacity utilization and mid-cycle profit expectations, suggesting a favorable environment for shipping rates [4]. - The report emphasizes the resilience of the dry bulk market, with the BDI index recording a slight increase of 1.19% to 2,043 points, indicating stable demand despite seasonal fluctuations [5]. Summary by Sections Shipping Market Performance - The shipping index decreased by 1.41%, underperforming the CSI 300 index by 1.77 percentage points, with the aviation sector experiencing the largest decline at -5.16% [5]. - The report notes that the coastal dry bulk freight index in China fell by 1.76%, while the Baltic Dry Index increased by 1.19% [5]. Oil Transportation - VLCC rates reached a new high of approximately $160,000 per day during the Spring Festival, with expectations for continued strength in the coming weeks [4]. - The report indicates that the average VLCC freight rate increased by 23% week-on-week, reaching $149,564 per day, reflecting tight capacity and strong demand [4]. Dry Bulk Market - The report mentions that the Capesize freight rate decreased by 4.1%, while the Panamax index showed resilience with a 3.5% increase [4]. - The report anticipates that post-holiday demand recovery will be crucial for the dry bulk market, particularly in iron ore shipments [4]. Air Transportation - The report suggests that the airline industry is at a turning point, with potential for significant profit growth due to increased passenger volumes and operational efficiencies [4]. - Airlines such as China Eastern Airlines and Spring Airlines are highlighted as key players to watch in this sector [4]. Express Delivery - The report notes uncertainties in the express delivery sector due to fluctuating demand and competitive pressures, but highlights the strong market position of leading companies like ZTO Express and YTO Express [4]. Rail and Road Transportation - Rail freight volumes and highway truck traffic are reported to be resilient, with the Ministry of Transport data showing a slight decrease in freight volume but overall stability [4]. - The report identifies two main investment themes in the highway sector: high dividend yields and potential value recovery in undervalued stocks [4].

KBC Securities全球股票主管Andrea Gabellone表示："CPI数据公布后，股市背景是积极的。" 但他同时指出："未来可能会出现更多分化，因为围绕关键 人工智能相关板块的情绪仍然非常关键。" 本周市场将迎来一系列重要数据，包括周二将公布的ADP私营部门就业数据和周三公布的美联储1月会议纪要，投资者将从中寻找经济状况的最新信 号。 周一全球市场在假期因素下交投清淡，但各类资产走势分化鲜明。美股因总统日休市、中国内地等部分亚洲市场因春节假期休市，欧股在金融板块带动 下小幅反弹，但科技股和奢侈品股拖累涨幅。投资者关注焦点仍集中在美联储降息路径及人工智能（AI）对企业盈利的影响。 中国市场休市，金银失去重要的上行推手，未能保住上周五CPI提振降息后带来的反弹势头，黄金失守5000美元关口。上周五传出的美国政府计划取消 部分钢铝关税消息令工业金属市场承压，铜库存持续增加令基本金属走弱。 上周五美国CPI通胀数据低于预期，强化了美联储今年的降息预期，交易员已完全消化7月降息的预期，并认为6月降息可能性增加。这一预期支撑了债 市价格上涨，基准十年期美国国债收益率上周五盘中创将近两个月来新低，周一美债休 ...

| 证券代码：600482 | 证券简称：中国动力 | 公告编号：2026-005 | | --- | --- | --- | | 债券代码：110808 | 债券简称：动力定 02 | | 中国船舶重工集团动力股份有限公司 关于召开2026年第一次临时股东会的通知 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： 2026年第一次临时股东会 召开的日期时间：2026年3月5日 9点30分 召开地点：北京市海淀区昆明湖南路72号118会议室 (五) 网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东会网络投票系统 股东会召开日期：2026年3月5日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会采用现场投票和网络投票相结合的表决方式 (四) 现场会议召开的日期、时间和地点 网络投票起止时间：自2026年3月5日 至2026年3月5日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间 为股东会召开当日的交易时 ...

中国船舶重工集团动力股份有限公司 2026 年第一次临时股东会 会 议 材 料 2026 年 3 月 5 日 中国船舶重工集团动力股份有限公司 2026 年第一次临时股东会现场会议须知 为维护投资者的合法权益，确保股东会的正常秩序和议事效率，根据《公司 法》《中国船舶重工集团动力股份有限公司章程》的有关规定，特制定本次股东 会现场会议须知： 1、为保证股东会的严肃性和正常秩序，切实维护股东的合法权益，务请出 席本次股东会的相关人员准时签到参会，参会资格未得到确认的人员不得进入会 场。 2、股东参加股东会，依法享有发言权、表决权等各项权利，并履行法定义 务和遵守有关规定，对于扰乱股东会秩序和侵犯其它股东合法权益的，将报告有 关部门处理。 3、股东会召开期间，股东可以发言。股东要求发言时应先举手示意，经大 会主持人许可后，方可发言或提出问题，股东要求发言时不得打断会议报告人的 报告或其它股东的发言，不得提出与本次股东会议案无关的问题。 4、公司召开股东会按如下程序进行：首先由报告人向大会做各项议案的报 告，之后股东对各项报告进行审议讨论，股东在审议过程中提出的建议、意见或 问题，由大会主持人或其指定的有关人员予以 ...

2月12日，中国动力涨5.05%，截至发稿，报32.44元/股，成交13.21亿元，换手率1.87%，总市值731.07 亿元。中国动力股价已经连续3天上涨，区间累计涨幅16.88%。 资料显示，中国船舶重工集团动力股份有限公司位于北京市海淀区昆明湖南路72号，成立日期2000年6 月13日，上市日期2004年7月14日，公司主营业务涉及军民用汽车启动铅酸蓄电池业务;燃气动力、蒸汽 动力、化学动力、全电动力、民用核动力、柴油机动力、热气机动力等七大动力业务。主营业务收入构 成为：柴油动力49.92%，化学动力14.33%，海工平台及船用机械12.53%，贵金属7.59%，传动设备 5.55%，其他4.56%，核动力(设备)2.03%，燃气蒸汽动力1.76%，综合电力0.92%，热气动力0.65%，租 赁0.15%。 从基金十大重仓股角度 数据显示，华夏基金旗下1只基金重仓中国动力。华夏睿阳一年持有混合（009011）四季度持有股数 168.05万股，占基金净值比例为4.11%，位居第六大重仓股。根据测算，今日浮盈赚取约262.16万元。 连续3天上涨期间浮盈赚取749.5万元。 华夏睿阳一年持有混合（0090 ...

Group 1 - The Shanghai Composite Index rose by 0.27%, while the Shenzhen Component Index increased by 0.08%, and the ChiNext Index fell by 0.60% as of February 11 [2] - Small metals, energy metals, and cobalt sectors showed significant gains, with the battery ETF (561910) increasing by 1.21% [2] - Key stocks such as Greeenmei (002340.SZ) hit the daily limit, while New Zhoubang (300037.SZ), Zhongwei New Materials (300919.SZ), and Duofuduo (002407.SZ) rose over 5% [2] Group 2 - Aijian Securities forecasts that the domestic battery and lithium iron phosphate cathode material production will exceed that of the same period in 2024, with lithium carbonate prices recently declining and energy storage cell prices rising [3] - The implementation of a new pricing mechanism for independent energy storage capacity on the grid side is expected to further drive energy storage demand, promoting growth in the lithium battery industry [3] - Xinyi Securities notes that since the second half of 2024, solid-state battery sector has seen frequent catalytic events, boosting the overall prosperity of the lithium battery sector [3]

Group 1 - The solid-state battery concept has seen significant market activity, with companies like Xinzhou Bang rising over 10% and Ju Jie Wei Xian hitting a 20% limit up [1] - Other companies such as China Power, Green Beauty, and Zhongwei New Materials also experienced gains, indicating a broader interest in the solid-state battery sector [1][2] Group 2 - Guoxuan High-Tech and BASF have signed a strategic cooperation memorandum to jointly develop next-generation solid-state battery technology, focusing on high-performance materials [2] - The collaboration aims to accelerate the commercialization of innovative results in various applications, including electric vehicles and energy storage [2] - Century Securities notes that the industrialization of semi-solid and solid-state batteries is progressing steadily, with significant breakthroughs in high-pressure module packaging and system lightweight integration [3] - The demand for high-safety, high-energy-density batteries is increasing across various sectors, including electric motorcycles, drones, and distributed energy storage, providing diverse commercialization paths for solid-state batteries [3]

Summary of Key Points from the Conference Call Company and Industry Involved - The company discussed is China Power, specifically focusing on the new gas turbine exhaust cylinder product developed by the Yichai Company under China Shipbuilding Engine. [1][3] Core Insights and Arguments - The new 9HA.02BLA exhaust cylinder product has successfully passed the rigorous certification by GEV, indicating international recognition of Yichai's technical strength, quality management, and delivery capabilities in the high-end gas turbine component manufacturing sector. [1][3] - The certification process adhered to global standards, encompassing comprehensive reviews of manufacturing precision, quality control, material traceability, and delivery capabilities. [2][4] - The company has a comprehensive layout in power generation businesses, including gas turbines, ship modification for gas, and diesel power generation. [4] - There is uncertainty regarding the commencement of the North American AIDC power supply business, but the expansion into Middle Eastern markets and the domestic demand overflow are almost certain events. [4] - The current capacity utilization for these products is low, indicating significant potential for growth. [4] - Excluding the power generation business, if the injection is completed, the company is expected to achieve a profit of 7 billion by 2027, with a current valuation of less than 10 times earnings. [4] - The power generation business has substantial potential in both capacity and pricing, leading to a continued strong recommendation for investment. [4] Other Important but Possibly Overlooked Content - The potential for price increases in similar products is highlighted as a near certainty, which could further enhance profitability. [4]

资金流向方面，国企改革（399974）指数成份股当日主力资金净流出合计24.79亿元，游资资金净流入 合计5.17亿元，散户资金净流入合计19.62亿元。成份股资金流向详情见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 国企改革（399974）指数十大成份股详情如下： 证券之星消息，2月10日，国企改革（399974）指数报收于1997.07点，涨0.11%，成交1392.02亿元，换 手率0.66%。当日该指数成份股中，上涨的有44家，中国动力以9.99%的涨幅领涨，下跌的有53家， TCL中环以3.25%的跌幅领跌。 ...

Core Viewpoint - The report highlights the growth and competitive landscape of China's metal shipbuilding industry, projecting a positive outlook for the sector from 2026 to 2032 based on recent production data and market analysis [1] Group 1: Industry Overview - In December 2025, China's production of civil steel ships reached 3.77 million deadweight tons, marking a year-on-year increase of 4.1% [1] - The cumulative production of civil steel ships in China for the entire year of 2025 was 52.295 million deadweight tons, reflecting a cumulative growth of 18.2% [1] Group 2: Companies Involved - Listed companies in the sector include China Shipbuilding (600150), China Heavy Industry (601989), China Ship Defense (600685), China Power (600482), Yaxing Anchor Chain (601890), China Ship Technology (600072), Hailanxin (300065), China Ship Han Guang (300847), Jianglong Shipbuilding (300589), and Tianhai Defense (300008) [1] Group 3: Research and Consulting - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, which specializes in providing in-depth industry research reports, business plans, feasibility studies, and customized services [1]