中新网宁波2月18日电(奚金燕)马年新春，当万家灯火围坐团圆、欢声笑语漫过街巷时，东海之畔的宁 波舟山港梅山港区，依旧是一派热火朝天的繁忙景象。 宁波舟山 桥吊，作为港区作业的核心设备，其作业能力直接决定了码头的吞吐能力。然而其工作环境，常人很难 想象。 "一个是考验眼力，高空几十米看下去，集装箱像火柴盒那么小，船还会晃，全靠肉眼观察、凭经验判 断；一个是考验体力，每天爬上爬下，海上气候多变，有时候还要顶着大雨。"吴起飞回忆道。 2016年，为提升港口作业安全和效率，梅山港区推进数字化改革，采购了两台远控设备进行调试改造。 彼时，远控设备对国内港口而言还是个"稀罕货"，技术参数、操作手法都是一片空白。 吴起飞至今还记得，当年远控设备试点时的场景："画面卡顿、手柄延迟，老师傅都想退回传统操作 室。" 港梅山港区迎来农历新年第一艘货轮。杨江琦 摄 巨轮鳞次栉比泊靠岸线，红色桥吊巨臂昼夜起落，绵长的海岸线上，无数坚守者的身影尤为动人。梅山 港区"90后"桥吊副大班长吴起飞便是其中一员。这已是他工作的第15年，也是新春坚守的第15个年头。 从52米高空作业到远程操控桥吊，十五年间，吴起飞完成了从"蓝领"到"智领"身份 ...

Investment Rating - The report indicates a stable outlook for the port industry, with a focus on infrastructure and domestic demand supporting the industry fundamentals [7][8]. Core Insights - The growth rate of cargo and container throughput in Chinese ports is slowing down, influenced by GDP and import-export growth deceleration. Coastal ports dominate in terms of throughput, with significant differentiation in growth rates among major ports [8][9]. - Since 2018, investment in inland waterway transportation has consistently exceeded that of coastal ports, leading to structural overcapacity in coastal ports. However, there remains a demand for terminal upgrades, optimization of port layouts, and channel construction, with a clear trend towards larger and more specialized port berths [8][9]. - The overall revenue of sampled port enterprises is steadily increasing, with strong operational cash flow capabilities. Future capital expenditures are expected to remain substantial due to increased financing driven by port-related project investments [8][9]. - The report anticipates that global economic growth will remain low, with uncertainties surrounding trade policies potentially impacting China's foreign trade. However, domestic demand is expected to expand, providing some support for port throughput [8][9]. Industry Overview Macroeconomic Environment - In 2025, China's economy is projected to stabilize, with domestic demand expected to support cargo throughput at ports. The economic policies are characterized by a multi-dimensional collaborative approach, focusing on stabilizing growth and enhancing domestic consumption [9][10]. - The port industry is highly sensitive to macroeconomic cycles, with the performance of cargo and container throughput closely linked to economic conditions and foreign trade developments [10][11]. Industry Policies and Regulatory Environment - The government has introduced various policies to guide the development of smart, green, safe, and efficient ports, aiming to enhance the competitive capabilities of ports through a market-oriented pricing system [11][12]. - Recent policies emphasize the integration of rail-water transport and the construction of a modern comprehensive transportation system, with significant investments expected in port infrastructure [11][12]. Industry Operating Conditions - The throughput growth of Chinese ports has shown signs of slowing down, with a notable differentiation in growth rates among major coastal ports. In 2024, the total cargo throughput reached 1,759.5 million tons, growing by 3.7% [16][20]. - Container throughput growth has also slowed, with a total of 33.2 million TEUs in 2024, reflecting a 7.0% increase [17][20]. Financial Performance - Sampled port enterprises have shown steady revenue growth, with total revenue reaching 643.36 billion yuan in the first nine months of 2025, maintaining a stable operational performance [34][36]. - The cash flow from operating activities has been strong, with a cash income ratio exceeding 100%, indicating that cash flow can meet capital expenditure needs [36][39]. Debt Levels - The total debt of sampled port enterprises has increased, with a total debt of 1,162.86 billion yuan by September 2025, primarily for new terminal construction and upgrades [41][43]. - The short-term debt ratio is moderate, with a significant portion of financing coming from bank loans and bond issuances [41][43]. Debt Repayment Capacity - Most sampled port enterprises face manageable short-term repayment pressures, with strong long-term repayment capabilities. However, some enterprises have heavier debt burdens and historical personnel liabilities that require attention [44][45]. Bond Market Performance - The report notes a decrease in bond issuance rates for port enterprises, with a total of 180 bonds issued in 2025, reflecting a 7.57% increase in issuance scale [48][49].

Core Viewpoint - The operational data from various ports in January indicates a steady growth in key metrics such as container throughput and cargo throughput, reflecting the resilience of China's foreign trade and the high-quality development of the port industry [1][2]. Group 1: Port Performance Data - Guangzhou Port is expected to achieve a container throughput of 2.438 million TEUs in January, a year-on-year increase of 14.5%, and a cargo throughput of 50.782 million tons, up 12.7% [1]. - Shenzhen Port reported a container throughput of 3.298 million TEUs in January, marking an 8.9% year-on-year increase, setting a new monthly record [1]. - Shanghai International Port Group anticipates a container throughput of 5.063 million TEUs, a 1.3% increase year-on-year, and a cargo throughput of 53.847 million tons, up 3.2% [1]. - Ningbo-Zhoushan Port expects to complete a container throughput of 5.03 million TEUs, a 9.5% year-on-year increase, and a cargo throughput of 112 million tons, up 4.8% [2]. Group 2: Industry Outlook - The strong performance of ports in January is seen as a reflection of the ongoing resilience in China's foreign trade and the effective high-quality development of the port sector [2]. - The port industry is entering a new phase of "system competitiveness," aiming to secure a core position in the global supply chain [2]. - Future advancements in port operations are expected to focus on intelligent and green transformations, with breakthroughs in automated terminals and clean energy applications [2]. Group 3: Operational Challenges - Many ports, including Guangzhou and Ningbo, are experiencing high operational volumes, leading to tight space in container yards and difficulties in scheduling shipments [3]. - Ports are implementing tailored strategies to ensure smooth operations and logistics during the peak shipping season before the Spring Festival [3]. - Guangzhou Port has established a 24-hour emergency response team and is conducting daily production scheduling meetings to optimize resource allocation and maintain efficient operations [3].

Group 1 - The core announcement is regarding the appointment of Mr. Wu Changpan as the Vice General Manager of Ningbo Zhoushan Port Co., Ltd. [2] - The decision was made during the 24th meeting of the sixth board of directors, held on February 4, 2026, through written consent [2] - All directors unanimously agreed to the appointment, which will be effective from the date of the board's approval until the end of the current term of senior management, with the possibility of reappointment [2]

证券代码：601018 证券简称：宁波港 编号：临 2026-004 债券代码：175812 债券简称：21 宁港 01 宁波舟山港股份有限公司 关于聘任公司副总经理的公告 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。 表决结果：16 票同意，0 票反对，0 票弃权。 2026 年 2 月 4 日，宁波舟山港股份有限公司（以下简称"公司"） 以书面传签方式召开了第六届董事会第二十四次会议，本次会议于 2026 年 1 月 30 日以书面方式通知了全体董事。 公司董事长陶成波、董事金星、丁送平、任小波、滕亚辉、李文 波、柳长满、陈志昂、胡绍德、刘士霞、于永生、赵永清、潘士远、 肖汉斌、肖英杰、刘杰参加了本次会议。本次会议符合《公司董事会 议事规则》规定的召开方式，且达到了《中华人民共和国公司法》和 《公司章程》规定的召开董事会会议法定董事人数。 本次会议审议并通过了《关于聘任宁波舟山港股份有限公司副总 经理的议案》，全体董事一致同意聘任吴昌攀先生为公司副总经理， 任期自本次董事会审议通过之日起至公司第六届高级管理人员任期 届 ...

Group 1 - Ningbo Port announced the appointment of Mr. Wu Changpan as the Deputy General Manager, with unanimous approval from the board of directors [1] - The term of the new appointment can be renewed upon expiration [1] Group 2 - The article discusses Kevin Warsh's proposed economic policies, which include a dual approach of monetary easing and tightening [1] - Warsh aims to utilize AI to manage inflation and has expressed reluctance to be a major buyer of U.S. Treasury bonds [1]

Group 1 - The A-share market showed mixed performance on February 4, 2026, with the Transportation ETF (159666) rising by 1.48%, and key holdings such as China Eastern Airlines increasing over 7%, Huaxia Airlines over 5%, and Ningbo Port over 4% [1] - The 2026 Spring Festival travel rush, lasting from February 2 to March 13, is expected to see a record high of 9.5 billion people traveling across regions, driven by both family visits and tourism [1] - National civil aviation passenger transport volume during the Spring Festival is projected to reach 95 million, averaging 2.38 million passengers per day, representing a year-on-year growth of approximately 5.3% [1] Group 2 - The Transportation ETF (159666) and its linked funds (019405/019404) are the only ETFs tracking the CSI All-Share Transportation Index, which includes logistics, railways, highways, shipping ports, and airports, reflecting the overall performance of listed transportation companies in the A-share market [2]

Core Insights - The Zhejiang Maritime Bureau reported that on the first day of the 2026 Spring Festival travel season, key material transportation at coastal ports in Zhejiang reached nearly 2.3 million tons [1] - During the 40-day Spring Festival period from February 2 to March 13, the total key material transportation at Zhejiang's coastal ports is expected to reach approximately 40 million tons, with energy materials accounting for over 60% [1] Group 1 - On February 2, the first day of the Spring Festival travel season, Ningbo-Zhoushan Port stood out by transporting about 1.92 million tons of energy materials, including crude oil, liquefied natural gas (LNG), and thermal coal, significantly supporting the supply of essential goods [1] - Other ports such as Wenzhou, Taizhou, and Jiaxing also efficiently completed their key material transportation tasks, with Wenzhou Port handling 154,000 tons of thermal coal and ore, Taizhou Port managing 125,400 tons of thermal coal, and Jiaxing Port transporting 94,000 tons of thermal coal [1] - The inventory levels of key materials at major ports in Zhejiang are currently sufficient [1] Group 2 - The Zhejiang Maritime Department will implement 24-hour emergency duty during the Spring Festival period and plans to deploy 14 patrol boats to key water areas [2] - A "point-to-point" meteorological warning information push mechanism will be established to proactively address the impact of adverse weather conditions, such as winter cold waves and strong winds, on maritime transportation [2]

Buybacks and Shareholder Actions - Guizhou Moutai has repurchased a total of 416,900 shares, accounting for 0.0333% of its total share capital, with a total payment of 571 million yuan [1] - Contemporary Amperex Technology Co., Ltd. has repurchased 15,990,800 shares, representing 0.3628% of its total A-share capital, with a total transaction amount of 4.386 billion yuan [2] - SF Holding has repurchased 5,095,850 shares, which is 1.01% of its total share capital, with a total amount of approximately 2 billion yuan [10] - Wireless Media has seen its major shareholders reduce their stakes, with Wensheng Fund and its concerted parties reducing 4% of the total share capital [12] Corporate Actions and Financial Updates - Tai Ling Microelectronics announced that its second-largest shareholder, the National Integrated Circuit Industry Investment Fund, has reduced its stake from 6.95% to 5.97% by selling 2,321,300 shares [3] - Nape Mining has terminated its investment in Swiss Veritas Resources AG due to changes in delivery conditions, with no breach of contract [4] - Huangshan Tourism plans to invest approximately 530 million yuan in the construction of a hotel project, with a total building area of 79,178.15 square meters [8][9] - *ST Jinling's restructuring plan has been approved by the court, allowing the company to enter the execution phase of the plan [7] Performance and Sales - Country Garden reported a contract sales amount of approximately 2.21 billion yuan for January 2026, with a sales area of about 280,000 square meters [11] - Industrial Fulian has accumulated a total buyback fund of 247 million yuan as of January 31, 2026 [17] - Yutong Bus produced 2,167 vehicles in January 2026, a decrease of 15.35% year-on-year [17]

Group 1 - Fulin Precision's subsidiary Jiangxi Shenghua invested 270 million yuan to establish a joint venture for a 500,000-ton ferrous oxalate project, with a total investment of 1.5 billion yuan expected to be completed by September 30, 2026 [1] - Xuguang Electronics plans to raise up to 1 billion yuan through a private placement to fund high-voltage vacuum arc extinguishing chamber expansion and other projects [2] - Minexplosion Optoelectronics intends to acquire 100% equity of Xiazhi Precision, with the transaction subject to shareholder and regulatory approvals [3] Group 2 - Shangluo Electronics' controlling shareholder plans to reduce his stake by up to 3% due to personal financial needs [4] - Babi Food reported a 1.3% decline in net profit for 2025, despite an 11.22% increase in revenue [5] - Pengding Holdings' subsidiary acquired industrial land in Huai'an for 66.14 million yuan [6] Group 3 - Zhuoyue New Energy's net profit for 2025 increased by 14.16%, despite a 17.43% decline in revenue [7] - Zhongyuan Media's net profit grew by 30.99% in 2025, with revenue decreasing by 5.13% [8] - Huangshan Tourism plans to invest approximately 530 million yuan in a hotel project with a 24-month construction period [9] Group 4 - *ST Jinling's restructuring plan was approved by the court, which may improve the company's financial situation [11] - Jichuan Pharmaceutical's subsidiary paid 80 million yuan for exclusive commercialization rights of a drug [12] - Pilin Bio's subsidiary received a notice for the acceptance of a drug supplement application [13] Group 5 - Nepe Mining terminated its investment in Swiss Veritas Resources AG due to changes in conditions [14] - Jinhui Wine announced a cash dividend of 0.20 yuan per share for the first three quarters of 2025 [15] - Hualan Biological's clinical trial for a new drug received approval for an additional indication [16] Group 6 - Industrial Fulian reported a total of 247 million yuan spent on share buybacks as of January 31, 2026 [17] - Yitong Century was pre-selected for a 107 million yuan project with China Tower [18] - Wanfeng Co. noted uncertainty in future price changes for disperse dyes [19] Group 7 - Bibet's clinical trial application for a new drug was approved by the National Medical Products Administration [21] - Chengbang Co. signed new project contracts worth 40.03 million yuan in Q4 2025 [22] - *ST Hengji received a court ruling for a performance compensation of 175 million yuan [23] Group 8 - Jihua Group is planning a change in control, leading to continued stock suspension [24] - Ningbo Port expects a container throughput of 5.03 million TEUs in January 2026, a 9.5% increase [25] - Hengli Petrochemical's actual controller increased his stake by 3.3 million shares [26] Group 9 - Hongfuhan signed a sales contract worth 480 million yuan with Guangdong Quanxiang [27] - All New Good's shareholder lifted a judicial freeze on 4.36% of the company's shares [28] - Changchun High-tech's subsidiary's clinical trial application for a new drug was accepted [29] Group 10 - Xingqi Eye Medicine's clinical trial for a new drug entered the first/second phase [31] - Hanma Technology reported a 140.04% increase in new energy heavy truck production in January 2026 [32] - Hengfeng Paper plans to invest 349 million yuan in a new green printing project [33] Group 11 - Zhifei Biological's mRNA vaccine for shingles received clinical trial approval [34] - Yutong Bus reported a 15.35% decrease in production in January 2026 [35] - StarNet Ruijie plans to sign a lease contract with an affiliate for a total rent of up to 110 million yuan [36] Group 12 - Hacheng Bonda's director completed a 0.97% share reduction [37] - Hendi Pharmaceutical's application for a new drug was approved [38] - Xinhua Medical's subsidiary received a medical device registration certificate [40] Group 13 - Yaokang Bio reported a 31.49% increase in net profit for 2025 [41] - Gaotie Electric reported a 14.02% increase in net profit for 2025 [42]