Core Viewpoint - The company maintains a "buy" rating from Pacific Securities, highlighting its successful global expansion and resilience in the face of domestic market pressures [1] Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 4.35 billion yuan, with a gross profit of 94.06 million yuan and a net profit attributable to shareholders of 35.49 million yuan [1] - Overseas market revenue exceeded 597 million yuan, accounting for 13.7% of total revenue, showing a significant year-on-year increase of 719.8% [1] - Domestic market revenue faced a decline of 10.7% due to falling equipment rental prices and reduced engineering service income [1] Group 2: Business Segments - The company reported revenues of 2.265 billion yuan from operating leasing services, 1.139 billion yuan from engineering technical services, and 946 million yuan from platform and other services [2] - Engineering technical services and platform services saw declines of 41.48% and 8.21% respectively, primarily due to a contraction in the domestic market [2] - Operating leasing services showed a bright spot with a year-on-year growth of 19.5%, driven by overseas market expansion [2] Group 3: Strategic Initiatives - The company is transitioning from an investment-driven model to a lean operation model, optimizing asset allocation and enhancing regional layout efficiency to reduce operational costs [3] - The "Three + Three + Three" strategy is being implemented to further expand into Southeast Asia and the Middle East, strengthening international presence [3] - As of the end of the first half of 2025, the company managed 202,600 aerial work platforms and expanded its overseas network to 63 locations [3]

Group 1 - The Pacific Tsunami Warning Center stated that no tsunami warning was issued following the earthquake in the Philippines [1]

Group 1 - M&G Plc reduced its stake in Pacific Basin Shipping (02343) by selling 1.76 million shares at a price of HKD 2.4529 per share, totaling approximately HKD 4.3171 million [1] - After the reduction, M&G Plc's remaining shareholding is approximately 626 million shares, representing a holding percentage of 11.98% [1]

Group 1 - M&G Plc reduced its stake in Pacific Basin Shipping (02343) by 1.76 million shares at a price of HKD 2.4529 per share, totaling approximately HKD 4.3171 million [1] - After the reduction, M&G Plc's latest holding is approximately 626 million shares, representing a holding percentage of 11.98% [1]

Core Viewpoint - Pacific Shipping (02343) announced the cancellation of 15.944 million repurchased shares, effective September 30, 2025 [1] Group 1 - The company will cancel a total of 15.944 million shares that were previously repurchased [1]

Group 1 - The company, Pacific Shipping (02343), announced the cancellation of 15.944 million shares that were repurchased, effective September 30, 2025 [1]

Core Points - The company Pacific Precision Forging Technology announced an adjustment to the maximum repurchase price for its shares, changing it from 12.96 CNY per share to 12.93 CNY per share, effective from October 16, 2025 [1][4]. Summary by Sections Repurchase Plan Review - On November 4, 2024, the company held its fifth board meeting and subsequently convened a special shareholders' meeting on November 22, 2024, to approve a share repurchase plan. The plan involves using self-owned funds and bank loans to repurchase shares through centralized bidding, aimed at reducing registered capital and implementing an employee stock ownership plan or equity incentive. The total repurchase amount is set between 100 million CNY and 200 million CNY, with a maximum repurchase price of 13.00 CNY per share, to be executed within 12 months from the approval date [2]. Reason for Adjustment - The adjustment in the repurchase price is linked to the company's semi-annual equity distribution plan for 2025, which involves distributing 0.35 CNY per 10 shares to all shareholders, totaling approximately 20.15 million CNY. The record date for the equity distribution is October 15, 2025, and the ex-dividend date is October 16, 2025. The repurchase price must be adjusted accordingly if any ex-dividend events occur during the repurchase period [3]. Adjustment Details - The maximum repurchase price has been adjusted from 12.96 CNY per share to 12.93 CNY per share, calculated by subtracting approximately 0.0344 CNY from the previous price. This adjustment follows the relevant regulations [4]. Other Notes - Aside from the adjustment in the maximum repurchase price, all other aspects of the share repurchase plan remain unchanged. The company will fulfill its information disclosure obligations in a timely manner during the repurchase period [5].

债 债券周报 券 《公募 REITs 市场小幅下跌，中金 唯品会奥莱 REIT 上市》--2025-09- 15 《公募 REITs 市场震荡上涨，华夏 凯德商业 REIT 网下询价超 254 倍》 --2025-09-07 《公募 REITs 市场走弱，年内首单 交通基础设施公募 REITs 申报获受 理》--2025-08-24 证券分析师： [Table_Author] 徐超 电话：18311057693 。 2025-09-29 [ [Table_Title] 公募 REITs 市场小幅下跌，新增 3 只公募 REITs 注册获批 公募 REITs 周报（2025.09.22-2025.09.28） 相关研究报告： [Table_ReportInfo] E-MAIL：xuchao @tpyzq.com 分析师登记编号：S1190521050001 证券分析师：戴梓涵 电话：18217681683 E-MAIL：daizh@tpyzq.com 分析师登记编号：S1190524110003 [Table 报告摘要_Summary] 一、二级市场：本周公募 REITs 市场小幅下跌 本周公募 REITs 市 ...

9月29日，太平洋盘中上涨2.02%，截至11:20，报4.55元/股，成交6.40亿元，换手率2.09%，总市值 310.14亿元。 资金流向方面，主力资金净流入923.74万元，特大单买入1.00亿元，占比15.66%，卖出9928.32万元，占 比15.52%；大单买入1.59亿元，占比24.88%，卖出1.51亿元，占比23.58%。 太平洋今年以来股价涨6.81%，近5个交易日跌3.60%，近20日涨2.02%，近60日涨16.67%。 今年以来太平洋已经1次登上龙虎榜，最近一次登上龙虎榜为9月4日，当日龙虎榜净买入4.92亿元；买 入总计8.74亿元 ，占总成交额比11.70%；卖出总计3.82亿元 ，占总成交额比5.11%。 资料显示，太平洋证券股份有限公司位于云南省昆明市北京路926号同德广场写字楼31楼，成立日期 2004年1月6日，上市日期2007年12月28日，公司主营业务涉及证券承销和上市推荐、证券自营买卖、证 券代理买卖等业务。主营业务收入构成为：证券经纪业务41.02%，证券投资业务32.98%，信用业务 9.93%，其他业务6.01%，投资银行业务5.83%，资产管理业务4.84 ...

Group 1 - The company received a notification from its major shareholder, Shanghai International Group Co., Ltd., regarding the transfer of state-owned shares to support the optimization of state capital layout and structural adjustment [1] - The transfer involves 55,590,000 A-shares (0.58% of total shares) to Jiushi Group and 10,000,000 A-shares (0.10% of total shares) to Shanghai Electric Holding Group [1] - The details of the transfer were disclosed on September 16, 2025, on the Shanghai Stock Exchange website [1] Group 2 - On September 26, 2025, the company received written notification that the transfer had been approved by the Shanghai State-owned Assets Supervision and Administration Commission [2] - Following the completion of the transfer, Shanghai International Group holds 97,128,700 A-shares and 213,043,400 H-shares, totaling 959,554,607 shares (9.97% of total shares) when including its subsidiaries [2] - Jiushi Group directly holds 146,539,460 A-shares (1.52% of total shares) and Shanghai Electric Holding Group holds 10,000,000 A-shares (0.10% of total shares) [2]