证券代码：601083 证券简称：锦江航运 公告编号：2025-022 上海锦江航运（集团）股份有限公司 第二届董事会第二次会议决议公告 （一）审议通过了《上海锦江航运（集团）股份有限公司关于使用部分闲置 募集资金进行现金管理的议案》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《上 海锦江航运（集团）股份有限公司关于使用部分闲置募集资金进行现金管理的公 告》（公告编号：2025-024）。 （二）审议通过了《关于制定<上海锦江航运（集团）股份有限公司市值管 理制度>的议案》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 特此公告。 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。 一、董事会会议召开情况 上海锦江航运（集团）股份有限公司（以下简称"公司"）第二届董事会第 二次会议于 2025 年 6 月 26 日以通讯方式召开。会议通知和材料已于 2025 年 6 月 20 日以电子邮件方式向全体董事发出。公司董事会全体 9 名董事 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its future performance [5][8]. Core Views - The company, Jinjiang Shipping, is positioned as a premium shipping company in Asia, focusing on the Northeast Asia routes while expanding into Southeast Asia, which is expected to drive growth [7][10]. - The company has a strong operational model with high-quality service standards, particularly in its Northeast Asia routes, which serve as a stable revenue source [10][36]. - The financial health of the company is robust, with a consistent dividend payout ratio of around 50% since its IPO, reflecting strong cash flow and profitability [44][75]. Summary by Sections Market Performance - As of June 23, 2025, the closing price of the company's stock is 11.72 CNY, with a total market capitalization of 15,167.09 million CNY and a circulating market value of 2,275.09 million CNY [3]. Financial Forecast and Valuation - The company is projected to generate revenues of 5,799 million CNY in 2025, with a slight decline of 2.87% year-on-year, followed by growth in subsequent years [6][74]. - The expected net profit for 2025 is 800 million CNY, reflecting a year-on-year decrease of 21.58%, but with a recovery forecasted in the following years [6][75]. - The price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are estimated at 18.95, 17.05, and 14.63, respectively, indicating a favorable valuation compared to historical performance [6][75]. Business Model and Strategy - Jinjiang Shipping has established a differentiated service model, focusing on high punctuality and premium services, particularly through its Hot Delivery Service (HDS) [7][27]. - The company is expanding its operations into Southeast Asia, replicating its successful Northeast Asia model, which is expected to enhance profitability [10][43]. - The company has a strong market presence, maintaining a leading market share in key routes such as Shanghai to Japan [15][24]. Industry Outlook - The Asian intra-regional shipping market is expected to grow, driven by stable economic growth and the deepening of trade agreements like RCEP [55][62]. - Demand for shipping services is projected to increase, with forecasts indicating a growth rate of 2.5% to 3.0% in shipping demand for the Asian region in 2025 and 2026 [55][67]. - Supply-side constraints, including a reduction in new ship deliveries and aging fleets, are anticipated to limit capacity growth, which may support freight rates in the coming years [67][70].

锦江航运依托"一带一路"战略，积极拓展东南亚市场，已开通四条快 速航线，显著提升了海防至上海（3.5 天）和胡志明市至上海（4.5 天） 的运输时效，构建了新的增长引擎。 公司通过与上海港及其他港口深度联动，提升运输规划能力，保持高准 班率，并与东北亚、东南亚港口建立良好合作关系，尤其是在上海-日本 线上提供 HDS 快航服务，实现小时级精准运输。 尽管 2025 年上半年上海至欧美航线价格受需求和关税影响下滑，但近 期因关税缓和而大幅上涨（如美西线自 5 月 12 日起上涨 80%），东南 亚航线价格保持坚挺，中日和海峡两岸航线价格稳定。 中国大陆和台湾地区的经济发展为锦江航运的传统主业提供坚实支撑， 大陆 GDP 年均增长 9.52%，台湾地区 GDP 年均增长 2.9%，带动两岸 航线运输量和价格稳步增长。 东盟国家经济快速发展，为锦江航运的东南亚业务提供增长空间，中国 大陆对东盟出口额显著增长，推动了中国到东南亚工业中间品贸易及集 装箱运输量的增长。 Q&A 锦江航运在东北亚和东南亚市场的扩展情况如何？ 锦江航运作为东北亚区域航线的龙头企业，近年来积极向东南亚市场扩展。公 司成立于 1983 年，并于 ...

证券代码：601083 证券简称：锦江航运 公告编号：2025-021 上海锦江航运（集团）股份有限公司 2024年末期权益分派实施公告 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： ● 每股分配比例 A股每股现金红利0.288元（含税） 本次利润分配方案经上海锦江航运（集团）股份有限公司（以下简称"公司"）2025年4月29日的2024年 年度股东大会审议通过。 2.分派对象： 3.分配方案： 本次利润分配以方案实施前的公司总股本1,294,120,000股为基数，每股派发现金红利0.288元（含税）， 共计派发现金红利372,706,560.00元（含税）。 1.实施办法 无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股权登记日上海证券交易所收 市后登记在册并在上海证券交易所各会员办理了指定交易的股东派发。已办理指定交易的投资者可于红 利发放日在其指定的证券营业部领取现金红利，未办理指定交易的股东红利暂由中国结算上海分公司保 管，待办理指定交易后再进行派发。 2.自行发放对象 ● 相关日 ...

证券代码：601083 证券简称：锦江航运 公告编号：2025-021 上海锦江航运（集团）股份有限公司 2024年末期权益分派实施公告 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： 每股分配比例 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/16 | － | 2025/6/17 | 2025/6/17 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经上海锦江航运（集团）股份有限公司（以下简称"公司"） 2025 年 4 月 29 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年末期 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 A 股每股现金红利0.288元（含税） 相关日期 3. 分配方案： ...

Summary of Jinjiang Shipping Conference Call Company Overview - **Company**: Jinjiang Shipping - **Year**: 2024 - **Revenue**: 0.21 billion RMB, up 37.45% YoY - **Total Assets**: 103.57 billion RMB - **Net Assets**: 86.18 billion RMB - **Market Position**: Maintains the first market share in the Shanghai-Japan route and is actively expanding Southeast Asia routes [2][3][5] Key Points and Arguments Industry Dynamics - **Asian Shipping Market**: Benefiting from a recovery, with significant growth in trade volumes, particularly in the Northeast Asia and Southeast Asia routes [2][3][5] - **Trade Values**: - China-Japan trade value reached 2.19 trillion RMB - Cross-strait trade value reached 2.08 trillion RMB - China-ASEAN trade value reached 6.99 trillion RMB, up 9% YoY [5][19] Financial Performance - **Container Volume**: 2.3934 million TEUs in 2024, with revenue of 5.97 billion RMB, up 13.36% YoY [3] - **Net Profit**: 1.021 billion RMB, up 37.45% YoY [3] - **Dividend Policy**: Total dividend of 5.15 RMB, accounting for 50.46% of net profit [4][26] Strategic Initiatives - **"One Main Two Wings" Strategy**: Extending logistics services to both ends, providing customized comprehensive logistics solutions [2][6] - **New Routes**: Launched new routes in India, Pakistan, and the Middle East, enhancing service capabilities [7][19] - **Southeast Asia Expansion**: New smart logistics products reducing transit times significantly, enhancing brand competitiveness [7][10] Market Trends - **Southeast Asia Market**: Expected to see a price increase trend from 2025 onwards, with significant growth in container shipping demand [12][19] - **Cargo Structure Changes**: Shift from low-end to high-end products, particularly in electronics, necessitating faster delivery services [16][18] Operational Efficiency - **Fleet Expansion**: Investment in new vessels, including three 1,900 TEU ships and two 1,100 TEU ships for enhanced service [22][23] - **Operational Strategy**: Maintaining a 50% leasing ratio while increasing owned fleet to improve cost control and service efficiency [24] Shareholder Returns - **Focus on Returns**: Commitment to maintaining a minimum of 50% dividend payout ratio while balancing capital expenditures [25][26] Future Outlook - **Market Growth**: Positive expectations for cargo growth in Southeast Asia, with a focus on maintaining operational stability and exploring new opportunities [27] Additional Important Insights - **Impact of Tariff Policies**: Long-term trends suggest increased freight volumes in Southeast Asia due to ongoing shifts in manufacturing and trade patterns [19][20] - **Integration of Services**: Efforts to integrate services between Japan and Southeast Asia to meet high delivery time demands [21]

Core Viewpoint - The shipping sector is experiencing a significant rebound due to the recent reduction in tariffs between China and the U.S., leading to increased stock prices and a surge in shipping demand [1][6]. Group 1: Market Performance - Several listed companies in the shipping sector have seen their stock prices rise sharply, with China National Aviation's stock increasing over 19% on May 15, and its price doubling over four trading days [1]. - The average booking volume for container shipments from China to the U.S. has surged by 277% as of May 14, indicating strong market demand [1]. - In Q1 2025, the shipping sector's top 10 companies reported an average revenue of 8.89 billion yuan, a year-on-year increase of 14.5%, and an average net profit of 1.56 billion yuan, up 35.3% [2][3]. Group 2: Company Performance - Leading companies like China COSCO Shipping Holdings reported a net profit of 11.695 billion yuan in Q1 2025, a 73.12% increase year-on-year, while Jinjiang Shipping's net profit surged by 187.07% to 357 million yuan [2][3]. - China Merchants Port has expanded its global port layout, completing a 51% equity transfer for an Indonesian project and signing an agreement for a Brazilian oil terminal project [5]. Group 3: Operational Trends - The shipping sector is witnessing a diversification in operations, with companies like China COSCO Shipping Ports reporting a 367% increase in overseas terminal profits, driven by contributions from the Mediterranean and Middle East regions [4][5]. - The trend towards green and low-carbon transformation is notable, with several companies investing in methanol-powered vessels and reducing carbon emissions [5]. Group 4: Future Outlook - The recent tariff reductions are expected to lead to a surge in shipping demand, particularly in the Asia-Europe and trans-Pacific routes, as companies rush to mitigate costs and meet delivery deadlines [6][10]. - Analysts predict that the shipping sector is at a turning point, with potential for significant growth as traditional shipping seasons approach and demand rebounds [10].

今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | PEEK材料 | 3.40 | 赛马概念 | -1.41 | | 可控核聚变 | 2.76 | 自由贸易港 | -1.12 | | 草甘膦 | 2.72 | 养鸡 | -1.06 | | 华为汽车 | 2.18 | 航运概念 | -1.00 | | 一体化压铸 | 2.15 | 期货概念 | -0.83 | | 小米汽车 | 2.14 | 猪肉 | -0.83 | | 长安汽车概念 | 1.98 | 同花顺中特估100 | -0.71 | | 培育钻石 | 1.93 | 信托概念 | -0.70 | | 有机硅概念 | 1.92 | 粮食概念 | -0.69 | | 汽车热管理 | 1.82 | 白酒概念 | -0.68 | 资金面上看，今日自由贸易港概念板块获主力资金净流出2.50亿元，其中，18股获主力资金净流出，11 股主力资金净流出超千万元，净流出资金居首的是中国外运，今日主力资金净流出8097.88万元，净流 出资金居前的还有锦江航运、华贸物流、中远海 ...

证券代码：601083 证券简称：锦江航运 公告编号：2025-020 上海锦江航运（集团）股份有限公司 股票交易异常波动公告 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： 上海锦江航运（集团）股份有限公司（以下简称"公司"）股票连续三 个交易日内日收盘价格涨幅偏离值累计达到 20%，属于股票交易异常波动。 经公司自查并向控股股东函询，不存在涉及公司的应披露而未披露的 重大信息。 公司敬请投资者注意二级市场交易风险，理性投资，审慎投资。 一、股票交易异常波动的具体情况 公司股票于 2025 年 5 月 13 日（星期二）、5 月 14 日（星期三）、5 月 15 日（星期四）连续三个交易日内日收盘价格涨幅偏离值累计达到 20%。根据《上 海证券交易所交易规则》的有关规定，属于股票交易异常波动情形。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，截至本公告披露日，公司日常经营情况正常，行业政策没有发 生重大调整，不存在其他应披露而未披露的重大信息。 （二）重大事项情况 经公司自查，并向控股股东函 ...

Market Overview - As of May 14, the Shanghai Composite Index closed at 3403.95 points, up 29.08 points, with a gain of 0.86% [1] - The Shenzhen Component Index closed at 10354.22 points, up 66.14 points, with a gain of 0.64% [1] - The ChiNext Index closed at 2083.14 points, up 20.88 points, with a gain of 1.01% [1] High Turnover Stocks - A total of 113 A-shares had a turnover rate exceeding 20% on May 14, indicating significant trading activity [1] - Notable stocks with high turnover rates include: - Huaguang Yuanhai (证券代码: 872351) with a turnover rate of 62.71% and a price increase of 30.00% [1] - Xinlei Co., Ltd. (证券代码: 301317) with a turnover rate of 61.73% and a price increase of 8.62% [1] - Huafang Co., Ltd. (证券代码: 600448) with a turnover rate of 56.17% and a price increase of 6.43% [1] Additional High Turnover Stocks - Other stocks with notable turnover rates include: - Hongqiang Co., Ltd. (证券代码: 002809) with a turnover rate of 53.74% and a price increase of 3.84% [1] - Changhua Chemical (证券代码: 301518) with a turnover rate of 53.66% and a price increase of 6.99% [1] - Qingdao Jinwang (证券代码: 002094) with a turnover rate of 52.89% and a price increase of 10.06% [1] Summary of Turnover Rates - The data indicates a trend of increased trading activity in the market, with several stocks experiencing significant price movements alongside high turnover rates [1][2][3][4]