Core Points - The Zhejiang state-owned enterprise reform sector experienced a decline of 0.46% on October 16, with Chuangyuan Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3916.23, up 0.1%, while the Shenzhen Component Index closed at 13086.41, down 0.25% [1] Stock Performance - Notable gainers in the Zhejiang state-owned enterprise reform sector included: - Ningbo Ocean (601022) with a closing price of 10.57, up 5.17% and a trading volume of 662,300 shares, totaling 697 million yuan [1] - ST Jianhai (002586) with a closing price of 3.95, up 4.22% and a trading volume of 252,500 shares, totaling 99.89 million yuan [1] - Guyue Longshan (600059) with a closing price of 10.35, up 3.92% and a trading volume of 362,400 shares, totaling 376 million yuan [1] - Major decliners included: - Chuangyuan Co., Ltd. (300703) with a closing price of 29.56, down 6.60% and a trading volume of 93,000 shares, totaling 282 million yuan [2] - Yunda Co., Ltd. (300772) with a closing price of 19.18, down 4.39% and a trading volume of 276,500 shares, totaling 534 million yuan [2] - Zhejiang Dongri (600113) with a closing price of 52.35, down 4.17% and a trading volume of 49,700 shares, totaling 264 million yuan [2] Capital Flow - The Zhejiang state-owned enterprise reform sector saw a net outflow of 254 million yuan from institutional investors, while retail investors experienced a net inflow of 179 million yuan [2][3] - Key stocks with significant capital flow included: - Small Commodity City (600415) with a net inflow of 1.43 billion yuan from institutional investors [3] - Ningbo Ocean (601022) with a net inflow of 38.76 million yuan from institutional investors [3] - Qijing Machinery (603677) with a net inflow of 10.46 million yuan from institutional investors [3]

Core Insights - Ningbo Port's stock price increased by 2.13% on October 14, reaching 3.83 CNY per share with a trading volume of 410 million CNY and a market capitalization of 74.51 billion CNY [1] - Year-to-date, Ningbo Port's stock price has risen by 2.35%, with a 4.36% increase over the last five trading days and a 6.09% increase over the last 20 days [2] - For the first half of 2025, Ningbo Port reported a revenue of 14.92 billion CNY, a year-on-year growth of 3.27%, and a net profit attributable to shareholders of 2.60 billion CNY, reflecting a year-on-year increase of 16.28% [2] Company Overview - Ningbo Zhoushan Port Co., Ltd. is located in Ningbo, Zhejiang Province, and was established on March 31, 2008, with its shares listed on September 28, 2010 [2] - The company's main business includes container handling, iron ore, crude oil, coal, liquefied petroleum products, grain, construction materials, and other cargo handling, along with comprehensive logistics and trade sales [2] - The revenue composition of Ningbo Port is as follows: container handling and related services (34.32%), comprehensive logistics and other services (33.59%), other cargo handling (10.48%), trade sales (10.34%), iron ore handling (8.25%), crude oil handling (1.69%), and others (1.33%) [2] Shareholder Information - As of June 30, 2025, Ningbo Port had 147,300 shareholders, an increase of 9.26% from the previous period, with an average of 107,307 circulating shares per shareholder, a decrease of 8.48% [2] - The company has distributed a total of 18.26 billion CNY in dividends since its A-share listing, with 5.56 billion CNY distributed over the last three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 96.54 million shares, an increase of 37.15 million shares from the previous period [3]

Core Insights - The construction of the first phase of the Fodu Container Terminal project at Ningbo-Zhoushan Port has officially commenced, marking a significant milestone in the development of a world-class port in Zhejiang Province [1][3]. Project Overview - The Fodu Container Terminal project is part of the ten landmark projects for building a world-class strong port in Zhejiang, featuring seven container berths of 200,000 tons and a planned annual throughput of 6.5 million TEUs [3]. - This project is the first hundred-billion-level terminal project initiated after the approval of the "Ningbo-Zhoushan Port Overall Planning (2035)" [3]. - The first phase includes the construction of two 200,000-ton container berths and related land facilities, with a designed annual throughput capacity of 2.01 million TEUs, expected to be completed by the end of 2027 [3][5]. Strategic Importance - The project aims to alleviate the bottleneck in container throughput capacity at Ningbo-Zhoushan Port, enhancing its ability to service ultra-large container ships and solidifying its position as a core global container hub [5]. - It is expected to stimulate the development of high-end shipping services, port manufacturing, and clean energy industries on Liuhong Island, attracting more upstream and downstream enterprises [5]. - The terminal will support the integrated development of the Yangtze River Delta and the construction of the Yangtze Economic Belt, providing more efficient maritime logistics channels for coastal and riverine areas [5].

Core Viewpoint - Ningbo Port (601018.SH) expects to achieve a container throughput of 4.64 million TEUs by September 2025, representing a year-on-year increase of 13.3% [1] - The company anticipates a total cargo throughput of 105.12 million tons by September 2025, reflecting a year-on-year growth of 16.4% [1] Summary by Category Container Throughput - For the period from January to September 2025, the company projects a cumulative container throughput of 39.24 million TEUs, which is a year-on-year increase of 9.9% [1] Cargo Throughput - The expected cumulative cargo throughput for the same period is 911.45 million tons, indicating a year-on-year growth of 6.8% [1]

Core Viewpoint - Ningbo Port (601018.SH) anticipates significant growth in container and cargo throughput for 2025, indicating a positive outlook for the company's operational performance [1] Container Throughput - The company expects to achieve a container throughput of 4.64 million TEUs in September 2025, representing a year-on-year increase of 13.3% [1] - For the period from January to September 2025, the cumulative container throughput is projected to reach 3.924 million TEUs, reflecting a year-on-year growth of 9.9% [1] Cargo Throughput - The forecast for total cargo throughput in September 2025 is 105.12 million tons, which marks a year-on-year increase of 16.4% [1] - The cumulative cargo throughput for the first nine months of 2025 is expected to be 911.45 million tons, showing a year-on-year growth of 6.8% [1]

证券代码：601018 证券简称：宁波港 编号：临 2025-048 债券代码：175812 债券简称：21 宁港 01 宁波舟山港股份有限公司 本公告所载2025年9月份及前三季度的业务数据属于快速统计 数据，与最终实际数据可能存在差异，请投资者注意投资风险。 特此公告。 宁波舟山港股份有限公司董事会 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。 2025年9月份，宁波舟山港股份有限公司（以下简称"公司"） 预计完成集装箱吞吐量464万标准箱，同比增长13.3%；预计完成货 物吞吐量10512万吨，同比增长16.4%。 2025年1-9月，公司预计累计完成集装箱吞吐量3924万标准箱， 同比增长9.9%；预计累计完成货物吞吐量91145万吨，同比增长6.8%。 2025 年 10 月 11 日 2025 年 9 月份及前三季度主要生产数据提示性公告 ...

2025年1-9月，公司预计累计完成集装箱吞吐量3924万标准箱，同比增长9.9%；预计累计完成货物吞吐 量91145万吨，同比增长6.8%。 格隆汇10月10日丨宁波港(601018.SH)公布，2025年9月份，公司预计完成集装箱吞吐量464万标准箱， 同比增长13.3%；预计完成货物吞吐量10512万吨，同比增长16.4%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the shipping and port sector [2][8] Core Insights - The total import and export volume in China from January to August 2025 reached 29.57 trillion yuan, a year-on-year increase of 3.5%, with imports at 11.96 trillion yuan (down 1.2%) and exports at 17.61 trillion yuan (up 6.9%) [16][19] - Coastal major ports handled a total cargo throughput of 7.688 billion tons from January to August 2025, reflecting a year-on-year growth of 3.1% [3][34] - Container throughput at coastal major ports reached 20.646 million TEUs, marking a year-on-year increase of 6.5% [4][43] - The Baltic Dirty Tanker Index (BDTI) was reported at 1078 points on October 8, 2025, showing a year-on-year increase of 5.27% [5][45] - The Baltic Dry Index (BDI) stood at 1963 points on October 8, 2025, indicating a year-on-year growth of 9.12% [7][60] Summary by Sections 1. Overview: National Import and Export Volume and Cargo Throughput - The national import and export volume for January to August 2025 was 29.57 trillion yuan, with imports at 11.96 trillion yuan (down 1.2%) and exports at 17.61 trillion yuan (up 6.9%) [16][19] 2. Container: Shipping Rates and Container Throughput - The China Container Freight Index (CCFI) was at 1087.41 points on September 26, 2025, down 37.58% year-on-year [4][37] - Container throughput at coastal major ports was 20.646 million TEUs from January to August 2025, up 6.5% year-on-year [4][43] 3. Liquid Bulk: Oil Shipping Rates and Crude Oil Throughput - The BDTI was at 1078 points on October 8, 2025, reflecting a year-on-year increase of 5.27% [5][45] - Crude oil imports from January to August 2025 totaled 376 million tons, a year-on-year increase of 2.5% [6][54] 4. Dry Bulk: Shipping Rates and Iron Ore, Coal Throughput - The BDI was reported at 1963 points on October 8, 2025, indicating a year-on-year growth of 9.12% [7][60] - Iron ore throughput from January to August 2025 reached 921 million tons, up 2.57% year-on-year [7][66] 5. Key Port Listed Companies Monthly Throughput - Major port companies reported various throughput figures, with Shanghai Port handling 0.55 billion tons in August 2025, a 10.25% increase year-on-year [78]

Core Insights - Ningbo Port experienced a decline of 0.54% on September 30, with a trading volume of 202 million yuan [1] - The company reported a net financing outflow of 29.88 million yuan on the same day, with a total financing and securities balance of 538 million yuan [1] - As of June 30, 2025, Ningbo Port achieved a revenue of 14.915 billion yuan, reflecting a year-on-year growth of 3.27%, and a net profit of 2.597 billion yuan, up 16.28% [2] Financing and Trading Activity - On September 30, Ningbo Port had a financing buy-in of 17.13 million yuan, with a current financing balance of 537 million yuan, representing 0.76% of the circulating market value [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of financing activity [1] - In terms of securities lending, 105,500 shares were repaid, with a remaining balance of 120,500 shares, which is below the 40th percentile of the past year [1] Company Overview - Ningbo Zhoushan Port Co., Ltd. was established on March 31, 2008, and listed on September 28, 2010, with its main business involving port loading and unloading services for various cargo types [2] - The revenue composition includes container handling (34.32%), comprehensive logistics (33.59%), and other cargo handling (10.48%) among others [2] - As of June 30, 2025, the number of shareholders increased by 9.26% to 147,300, while the average circulating shares per person decreased by 8.48% [2] Dividend and Shareholding - Since its A-share listing, Ningbo Port has distributed a total of 18.264 billion yuan in dividends, with 5.564 billion yuan distributed in the last three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited was the seventh largest circulating shareholder, increasing its holdings by 37.15 million shares to 96.5335 million shares [3]

Core Insights - Ningbo-Zhoushan Port has achieved a record-breaking container throughput of over 30 million TEUs by September 11 this year, surpassing last year's figures by 23 days, highlighting its robust operational performance [1][2] - The port's growth is attributed to the release of foreign trade momentum in the Yangtze River Delta and nationwide, with significant exports in high-tech products such as new energy vehicles and photovoltaic products [1][2] - The port has expanded its logistics capabilities with the launch of new shipping routes, including a fast container route to Europe via the Arctic, reducing transit time to 18 days, significantly faster than traditional routes [2] Container Throughput and Shipping Routes - Ningbo-Zhoushan Port operates over 300 container shipping routes, with an average of nearly 300 vessels arriving and departing daily, connecting major ports across five continents [2] - The introduction of the Arctic shipping route marks a significant improvement in shipping efficiency, with a transit time of only 18 days to Felixstowe, compared to 25 days via the China-Europe Railway Express and up to 50 days via the Cape of Good Hope [2] Technological and Operational Innovations - The port utilizes advanced technologies such as remote-controlled cranes and AI navigation systems, which have improved operational efficiency, reducing the deviation rate of external trucks by over 10% and increasing gate passage efficiency by 7% [3] - Ningbo-Zhoushan Port has implemented a ship berthing reservation system to optimize operations and alleviate congestion, ensuring that vessels can dock and operate promptly [3] Economic Resilience and Future Outlook - The performance of Ningbo-Zhoushan Port reflects the strong resilience of the Chinese economy amid complex external conditions, with ongoing efforts to enhance the efficiency of its logistics and transportation systems [3] - The port aims to continue improving its service offerings to contribute to the construction of a new development pattern in the economy [3]