Core Insights - The shipping and port sector experienced a 0.51% increase on October 13, with Nanjing Port leading the gains [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Nanjing Port (002040) saw a closing price of 11.36, with a significant increase of 9.97% and a trading volume of 493,200 shares [1] - Lianyungang (601008) closed at 6.13, up 5.87%, with a trading volume of 1,219,500 shares [1] - Haitong Development (603162) closed at 9.68, increasing by 5.33% with a trading volume of 396,800 shares [1] - China Merchants Energy (600026) closed at 12.77, up 4.50%, with a trading volume of 947,800 shares [1] Capital Flow - The shipping and port sector saw a net inflow of 272 million yuan from institutional investors, while retail investors experienced a net outflow of 333 million yuan [2] - The main stocks with significant net inflows included China Merchants Energy (600026) with 1.09 billion yuan and Nanjing Port (002040) with 96.30 million yuan [3] - Retail investors showed a notable outflow from Nanjing Port (002040) amounting to 60.42 million yuan [3]

Group 1 - As of October 10, the Tianjin Free Trade Zone concept rose by 2.13%, ranking third among concept sectors, with 12 stocks increasing in value [1] - Notable gainers include Jintou City Opening, which hit the daily limit, and HNA Technology, Ruipu Biology, and Haitai Development, which rose by 8.83%, 3.16%, and 2.42% respectively [1] - The leading decliners were Tianjin Pulin, Hengyin Technology, and Jiuan Medical, which fell by 0.49%, 0.20%, and 0.13% respectively [1] Group 2 - The Tianjin Free Trade Zone concept saw a net inflow of 67 million yuan, with seven stocks receiving main capital inflows [2] - HNA Technology led the net inflow with 61.57 million yuan, followed by Jintou City Opening, Tianjin Port, and Haitai Development with net inflows of 61.16 million yuan, 9.59 million yuan, and 4.21 million yuan respectively [2] - The inflow ratios for Jintou City Opening, HNA Technology, and Tianjin Port were 36.56%, 8.67%, and 5.82% respectively [3] Group 3 - The top stocks in the Tianjin Free Trade Zone concept based on net capital flow included HNA Technology, Jintou City Opening, Tianjin Port, and Haitai Development, with respective daily price changes of 8.83%, 10.20%, 1.71%, and 2.42% [3] - The trading volume and turnover rates for these stocks were also highlighted, with Jintou City Opening having a turnover rate of 5.68% and HNA Technology at 5.72% [3]

Core Viewpoint - The shipping and port sector experienced a rise of 1.68% on October 10, with HNA Technology leading the gains, while the overall market indices, Shanghai Composite and Shenzhen Component, saw declines of 0.94% and 2.7% respectively [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3897.03, down 0.94% [1]. - The Shenzhen Component Index closed at 13355.42, down 2.7% [1]. - The shipping and port sector stocks showed varied performance, with HNA Technology closing at 4.93, up 8.83% [1]. Group 2: Individual Stock Performance - HNA Technology (600751) led the sector with a closing price of 4.93 and a trading volume of 1.47 million shares, resulting in a transaction value of 710 million yuan [1]. - Other notable performers included: - Haixia Co. (002320) at 10.73, up 5.51% with a transaction value of 838 million yuan [1]. - Shen Cishen (600026) at 12.22, up 4.18% with a transaction value of 742 million yuan [1]. - China Merchants Shipping (601872) at 8.67, up 4.08% with a transaction value of 1.02 billion yuan [1]. Group 3: Capital Flow - The shipping and port sector saw a net inflow of 182 million yuan from institutional investors, while retail investors experienced a net outflow of 155 million yuan [2]. - The main stocks with significant capital inflow included: - HNA Technology with a net inflow of 49.32 million yuan [3]. - Haixia Co. with a net inflow of 45.18 million yuan [3]. - China Merchants Shipping with a net inflow of 43.99 million yuan [3].

Core Viewpoint - HNA Technology Co., Ltd. has announced the approval of financial derivative business, specifically forward freight agreements (FFA), to mitigate market risks associated with its shipping operations [1][2]. Group 1: Transaction Overview - The company owns 10 bulk carriers with a total capacity of approximately 930,000 deadweight tons and has added 4 chartered vessels, increasing capacity by about 240,000 deadweight tons [2]. - The purpose of engaging in FFA transactions is to hedge against market fluctuations and reduce adverse impacts on the company's operations [2][3]. - The maximum margin for these transactions will not exceed $3 million, and the highest contract value held on any trading day will not exceed $30 million [3][27]. Group 2: Approval Process - The board of directors approved the proposal for FFA transactions during its fourth meeting on September 29, 2025, with a unanimous vote of 7 in favor [6][19]. - The proposal was reviewed by the audit committee prior to the board meeting and does not require shareholder approval as it does not constitute a related party transaction [6][19]. Group 3: Risk Analysis and Control Measures - The company acknowledges various risks associated with the FFA transactions, including market risk, liquidity risk, performance risk, and legal risk [7][9]. - Control measures include strict adherence to internal management procedures, careful selection of trading partners, and the establishment of a dedicated team for risk assessment and management [10][20]. Group 4: Impact on the Company - Engaging in FFA transactions is expected to enhance the company's ability to withstand market volatility and will not negatively impact its core business operations [11][25].

Core Points - HNA Technology Co., Ltd. held its 12th Board of Directors' fourth meeting on September 29, 2025, to address market volatility risks and ensure stable operations for the company and its subsidiaries [1][2] - The board unanimously approved two significant proposals: the first is to engage in financial derivatives business through forward freight agreements (FFA) to hedge against market risks, with a maximum trading margin of $3 million and a maximum contract value of $30 million on any trading day [1] - The second proposal involves conducting foreign exchange derivatives trading to mitigate exchange rate and interest rate risks, with a maximum trading margin and premium not exceeding $3 million and a total usage limit of $80 million [1] Proposal Details - The FFA business aims to use proprietary funds for hedging purposes, with the approved trading limits valid for 12 months from the board's approval date [1] - The foreign exchange hedging business will allow for a maximum trading amount of $80 million, which can be reused within the authorized period, also valid for 12 months [1] - Both proposals do not constitute related party transactions and do not require shareholder meeting approval, reflecting the company's commitment to proactive risk management and stable operations [2]

Group 1 - HNA Technology held its 12th fourth board meeting on September 29, 2025, to discuss the proposal for engaging in financial derivatives business [1] - For the first half of 2025, HNA Technology's revenue composition was as follows: 65.77% from commodity trading, 33.27% from shipping, 0.85% from other industries, and 0.11% from property leasing [1] - As of the report, HNA Technology's market capitalization was 13.2 billion yuan [1] Group 2 - The competition between Nongfu Spring and Yibao has intensified, with Nongfu Spring's green bottle launch leading to a significant market share decline for Yibao, dropping nearly 5 percentage points [1]

海航科技股份有限公司 关于开展金融衍生品业务（远期运费协议）的 可行性分析报告 一、交易情况概述 （一）交易目的 目前，公司自有干散货船舶资产 10 艘，合计运力规模约 93 万载重吨，自 有船队包括大灵便型船 6 艘、好望角型船 3 艘、巴拿马型船 1 艘；同时，公司 在 2025 年上半年内通过期租租赁方式增加 4 艘灵便型船，控制运力增加约 24 万载重吨。为有效应对市场波动带来的风险，减少对公司及控股子公司经营的 不利影响，在保证正常经营的前提下，在风险可控范围内，公司及控股子公司 拟使用自有资金开展以套期保值为目的的金融衍生品交易业务，冲抵全部或部 分风险敞口。 （二）交易金额 根据业务及风险控制的需要，公司及控股子公司拟以具体经营业务为依托， 以套期保值、防范市场风险为目的开展远期运费协议（FFA）业务，交易保证金 金额将不超过 300 万美元，在任一交易日持有的最高合约价值将不超过 3,000 万美元；上述交易额度自公司董事会审议通过之日起 12 个月内有效，期限内任 一时点的交易金额（含前述交易的收益进行再交易的相关金额）不超过已审议 额度。 开展场所为大型期货公司等公司核准的交易平台或机构。 ...

海航科技股份有限公司 关于开展外汇衍生品交易业务可行性分析报告 一、开展外汇衍生品交易业务的背景及目的 随着海航科技股份有限公司（以下简称"公司"）及控股子公司进出口业务 的不断拓展，外汇收支规模亦同步增长，收支结算币别及收支期限的不匹配使 外汇风险敞口不断扩大。受国际政治、经济形势等因素影响，汇率和利率波动 幅度不断加大，外汇市场风险显著增加。为锁定成本，规避和防范汇率、利率 风险，公司拟根据具体情况，通过外汇衍生品交易适度开展外汇套期保值。公 司开展的外汇衍生品交易业务与公司日常经营需求紧密相关，是基于公司外币 资产、负债状况以及外汇收支业务情况，匹配敞口风险的管理需求，具体开展 风险对冲交易。公司进行适当的外汇衍生品交易业务能够提高公司积极应对外 汇波动风险的能力，更好的规避公司所面临的外汇汇率、利率风险，增强公司 财务稳健性。 公司及控股子公司拟开展的外汇衍生品交易将遵循合法、谨慎、安全、有 效的原则，所有外汇衍生品交易以套期保值、规避和防范利率、汇率风险为目 的，不影响公司正常生产经营，不进行投机和套利交易。 公司及控股子公司开展外汇衍生品交易业务，预计动用的交易保证金和权 利金在期限内任一时点占用 ...

证券代码：600751 900938 证券简称：海航科技 海科 B 公告编号：2025-040 关于海航科技股份有限公司 开展金融衍生品业务（远期运费协议）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。 | | □获取投资收益 √套期保值（合约类别：□商品；□外汇；√其他：远期运 | | | --- | --- | --- | | 交易目的 | 费） | | | | □其他：________ | | | 交易期限 | 2025 年 9 月 29 日至 2026 年 9 月 29 日 | | | 期货期权业 务交易品种 | 远期运费协议（FFA） | | | 交易金额 | 预计动用的交易保证金和权利金上限 | 300万美元 | | | 预计任一交易日持有的最高合约价值 | 3,000万美元 | | 资金来源 | √自有资金 □借贷资金 □其他___ | | 已履行及拟履行的审议程序：2025 年 9 月 29 日，海航科技股份有限公 司（以下简称"公司"）第十二届董事会第四次会议审议通过《关于开展金融衍 生品业务（远期运 ...

证券代码：600751 900938 证券简称：海航科技 海科 B 公告编号：2025-041 关于海航科技股份有限公司 开展外汇衍生品交易的公告 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： 交易主要情况 | 交易目的 | □获取投资收益 √套期保值（合约类别：□商品；√外汇；□其他：________） | | | --- | --- | --- | | | □其他：________ | | | 交易期限 | 2025 年 9 月 29 日至 2026 年 9 月 29 日 | | | 外汇业务交 易品种 | 其他：金融机构提供的远期业务、掉期业务（货币掉期、利 率掉期）、互换业务（货币互换、利率互换）、期权业务（外 汇期权、利率期权）等及以上业务的组合。 | | | 交易金额 | 预计动用的交易保证金和权利金上限 | 300万美元 | | | 预计任一交易日持有的最高合约价值 | 8,000万美元 | | 资金来源 | √自有资金 □借贷资金 □其他___ | | 已履行及拟履行的审议程序：2025 年 ...