Core Viewpoint - Ningbo Port announced an expected completion of container throughput of 4.79 million TEUs in August 2025, representing a year-on-year growth of 9.2% [1] - The company anticipates a total cargo throughput of 107 million tons, reflecting a year-on-year increase of 7.5% [1] Summary by Category - **Container Throughput** - Expected completion of 4.79 million TEUs in August 2025, up 9.2% year-on-year [1] - **Cargo Throughput** - Anticipated cargo throughput of 107 million tons, an increase of 7.5% year-on-year [1]

Market Overview - The Shanghai Composite Index is at 3864.71 points, above the six-month moving average, with a change of 0.18% [1] - The total trading volume of A-shares is 138.21 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 90 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Sanjiang Shopping (601116) with a deviation rate of 7.87% and a daily increase of 10.03% [1] - Xingyuan Environment (300266) with a deviation rate of 4.84% and a daily increase of 6.27% [1] - Pano Technology (831175) with a deviation rate of 4.55% and a daily increase of 6.93% [1] Stocks with Smaller Deviation Rates - Stocks like Ningbo Port, Weiming Environmental Protection, and Sanbian Technology have just crossed the six-month moving average with smaller deviation rates [1] - The table lists various stocks with their respective daily change percentages, turnover rates, six-month moving averages, latest prices, and deviation rates [1][2]

Group 1 - Ningbo Port's stock price remained unchanged on August 29, with a trading volume of 630 million yuan [1] - On the same day, the financing buy amount for Ningbo Port was 50.86 million yuan, while the financing repayment was 63.33 million yuan, resulting in a net financing outflow of 12.47 million yuan [1] - As of August 29, the total financing and securities lending balance for Ningbo Port was 481 million yuan, which is 0.84% of its market capitalization and above the 90th percentile of the past year [1] Group 2 - 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 goods [2] - The revenue composition of Ningbo Port includes container handling (34.32%), comprehensive logistics (33.59%), and other cargo handling (10.48%), among others [2] - For the first half of 2025, Ningbo Port reported a revenue of 14.915 billion yuan, a year-on-year increase of 3.27%, and a net profit attributable to shareholders of 2.597 billion yuan, up 16.28% year-on-year [2] Group 3 - 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, the number of shareholders for Ningbo Port was 147,300, an increase of 9.26% from the previous period [3] - The seventh largest circulating shareholder is Hong Kong Central Clearing Limited, holding 96.5335 million shares, an increase of 37.1499 million shares from the previous period [3]

Core Viewpoint - Ningbo Port reported a strong performance in the first half of 2025, achieving revenue of 14.915 billion yuan and a net profit of 2.597 billion yuan, reflecting a year-on-year growth of 3.06% and 16.37% respectively [1] Financial Performance - The company achieved an operating income of 14.915 billion yuan, a 3.06% increase year-on-year [1] - The net profit attributable to shareholders was 2.597 billion yuan, up 16.37% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 2.306 billion yuan, representing a 6.62% increase year-on-year [1] - A mid-term dividend proposal was announced, with a cash dividend of 0.30 yuan per 10 shares, totaling approximately 584 million yuan [1] Operational Highlights - The total cargo throughput reached 601 million tons, a 4.7% increase year-on-year [2] - Container throughput was particularly strong, reaching 25.468 million TEUs, up 9.8% year-on-year [2] - The company maintained stable performance in bulk cargo operations, with liquid oil throughput of 15.81 million tons, a 1.0% increase [2] - The automobile handling volume reached 270,000 units, reflecting a 4.1% increase [2] Service Efficiency Improvements - The average waiting time for container vessels decreased by 7.32% year-on-year, while average berth efficiency improved by 7.46% [3] - The company implemented 34 route adjustments, increasing the total number of routes to 308 [3] - The company enhanced its port capabilities and optimized its service quality assessment methods [3] Technological Advancements - The company successfully established the first mixed-mode automated driving demonstration project at the Yiwu International Hub Port [4] - AI technology applications significantly improved the efficiency of the intelligent gate system and security detection accuracy [4] - The company is actively pursuing green transformation initiatives, with the Meishan Port area project achieving a power supply of 1,779 kWh [4] Strategic Developments - New subsidiaries were established in Singapore and Japan to enhance global market influence [5] - Key projects such as the Jinrong Railway Suqi Container Handling Station were completed and put into trial operation [5] - The company aims to focus on core business areas and enhance operational quality and service brand influence in the second half of the year [5]

Financial Performance - Company reported total revenue of 14.915 billion yuan for the first half of 2025, an increase of 3.06% year-on-year [1] - Net profit attributable to shareholders reached 2.597 billion yuan, up 16.37% year-on-year [1] - In Q2 2025, total revenue was 7.856 billion yuan, reflecting a 4.12% increase year-on-year, while net profit was 1.422 billion yuan, a rise of 28.37% year-on-year [1] Profitability Metrics - Gross margin improved to 30.0%, an increase of 2.78% year-on-year, while net margin rose to 19.52%, up 12.96% year-on-year [1] - The total of selling, administrative, and financial expenses was 1.479 billion yuan, accounting for 9.92% of revenue, which is a 3.7% increase year-on-year [1] Key Financial Ratios - Earnings per share (EPS) increased to 0.13 yuan, a growth of 18.18% year-on-year [1] - Operating cash flow per share reached 0.49 yuan, a significant increase of 69.91% year-on-year [1] - The company's return on invested capital (ROIC) was reported at 5.55%, indicating a generally weak capital return [3] Asset and Liability Management - Cash and cash equivalents increased to 9.902 billion yuan, a rise of 51.20% year-on-year [1] - Accounts receivable grew to 4.732 billion yuan, up 17.74% year-on-year [1] - Interest-bearing debt was reported at 9.704 billion yuan, reflecting a 3.05% increase year-on-year [1] Business Model Insights - The company's performance is primarily driven by capital expenditures, necessitating careful evaluation of the profitability of these investments [3] - Historical data indicates that the company has maintained a relatively stable financial performance over the past decade, although the median ROIC remains low [3]

Core Viewpoint - Ningbo Zhoushan Port Co., Ltd. announced its profit distribution plan for the first half of 2025, proposing a cash dividend of 0.30 yuan per 10 shares for A-shares, based on the total share capital as of the equity distribution registration date [1][2]. Profit Distribution Plan - The company reported a net profit attributable to shareholders of 2,597,046 thousand yuan for the first half of 2025, with the parent company achieving a net profit of 2,182,049 thousand yuan [1]. - After allocating 10% of the legal surplus reserve amounting to 218,205 thousand yuan, the distributable profit available for shareholders is 1,963,844 thousand yuan [1]. - The proposed distribution plan allocates 30% of the distributable profit, amounting to 583,632 thousand yuan, to be paid as dividends to shareholders, with the remaining profit carried forward to future periods [1]. Decision-Making Process - The proposal for the profit distribution plan was approved with 17 votes in favor, and it will be submitted for review at the company's second extraordinary general meeting of shareholders in 2025 [2].

Meeting Overview - The sixth board meeting of Ningbo Zhoushan Port Co., Ltd. was held on August 13, 2025, with 14 out of 17 directors present, meeting the legal requirements for quorum [1][2]. Resolutions Passed - The board unanimously approved the following resolutions: 1. The 2025 semi-annual report (full text and summary) was approved with 17 votes in favor [2][3]. 2. The special report on the use of raised funds for the first half of 2025 was approved, showing a total usage of RMB 1,270,111,115.82 and a remaining balance of RMB 140,468,417.72 [2][3]. 3. The risk assessment report regarding Zhejiang Haigang Group Financial Co., Ltd. was approved with 17 votes in favor [3]. 4. The profit distribution plan for the first half of 2025 was approved, with a net profit attributable to shareholders of RMB 1,963,844,000 and a proposed cash dividend of RMB 0.30 per 10 shares [4][5]. 5. The proposal to provide financial assistance to Taicang Xinhai Port Development Co., Ltd. was approved, aimed at improving its financial situation [5]. 6. The proposal to amend the company's articles of association and abolish the supervisory board was approved [5][6]. 7. The proposal to amend the rules of procedure for the shareholders' meeting was approved [5][6]. 8. The proposal to amend the rules of procedure for the board of directors and related committees was approved [5][6]. 9. The proposal to amend the independent director work system was approved [6]. 10. The proposal to convene the second extraordinary general meeting of 2025 was approved [7].

Group 1 - The Supervisory Board of Ningbo Zhoushan Port Co., Ltd. held its 14th meeting of the 6th session, where all resolutions were unanimously passed [1][2] - The meeting approved the 2025 semi-annual report, confirming that it accurately reflects the company's operational and financial status for the first half of 2025 [1][2] - The meeting also approved a special report on the storage and actual use of raised funds for the first half of 2025, with unanimous support [2] - A resolution to cancel the Supervisory Board was also passed, which will be submitted for review at the company's second extraordinary general meeting of 2025 [2]

Core Insights - Ningbo Zhoushan Port Co., Ltd. reported a revenue of 14.915 billion RMB for the first half of 2025, marking a year-on-year increase of 3.06%, and a net profit attributable to shareholders of 2.597 billion RMB, up 16.37% year-on-year [1] - The company announced its first interim dividend plan, proposing a cash dividend of 0.30 RMB per 10 shares, totaling approximately 584 million RMB [1] Group 1: Operational Performance - The company achieved a cargo throughput of 601 million tons in the first half of 2025, reflecting a year-on-year growth of 4.7%, with container throughput reaching 25.468 million TEUs, an increase of 9.8% [2] - The company successfully mitigated the impact of unilateral tariff policies from the U.S. government, leading to stable growth in container throughput [2] - The company maintained stable performance in bulk cargo operations, with liquid oil throughput at 15.81 million tons, up 1.0%, and automobile handling volume at 270,000 units, increasing by 4.1% [2] Group 2: Service Optimization and Efficiency - The company improved service efficiency, reducing the average waiting time for container vessels by 7.32% and increasing average berth efficiency by 7.46% [3] - The company implemented various measures to enhance port convenience, resulting in a monthly increase in the pre-inspection pass rate for incoming vessels [3] - The company adjusted its route network, completing 34 route adjustments and adding 3 new routes, bringing the total to 308 [3] Group 3: Technological and Green Initiatives - The company made significant progress in smart port construction, achieving operational efficiency improvements through automated systems and AI technology [4] - The company is committed to green transformation, with the Jiaxing Port District's Dushan Terminal recognized as the first four-star green general terminal in the country [4] Group 4: Investment and Management - The company established subsidiaries in Singapore and Japan to enhance its global market influence and completed key projects such as the Jinrong Railway container handling station [5] - The company is focused on refining internal management and enhancing legal compliance and risk management systems [6] - The company aims to leverage opportunities and improve operational quality and service brand influence in the second half of 2025 [6]

本报讯(记者吴奕萱)8月28日晚间，宁波舟山港股份有限公司(以下简称"宁波港（601018）")发布2025年 半年报，公司实现营业收入149.15亿元，同比增长3.06%；归属于上市公司股东的净利润25.97亿元，同 比增长16.37%；归属于上市公司股东的扣除非经常性损益的净利润23.06亿元，同比增长6.62%。 展望下半年，尽管全球经贸环境依然复杂多变、面临诸多挑战，但随着国内经济稳步回升与国家重大战 略的持续赋能，港口行业有望延续稳健发展势头。宁波港相关人士称，公司将把握机遇、聚焦主业，持 续提升经营质量与服务品牌影响力，强化枢纽功能与服务保障能力，以创新驱动培育新动能，不断增强 企业核心竞争力和市场价值，全力推动高质量发展迈上新台阶。 今年以来，宁波港围绕高质量发展目标凝心聚力、扎实苦干，以打造"三好"上市公司为抓手，攻坚克 难、奋力拼搏，在港口生产和企业经营方面等取得优异成绩。在交出上半年"成绩单"的同时，宁波港首 次发布中期分红预案，拟向全体股东每10股派发现金红利0.30元，合计拟派发现金红利约5.84亿元。 上半年，面对错综复杂的外部环境，我国国民经济展现出较强韧性，沿海港口货物吞吐量保持 ...