Core Insights - Guangzhou Port is projected to handle over 696 million tons of cargo and exceed 28 million TEUs in container throughput by 2025, maintaining its position among the top six ports globally [1] - The port has successfully transformed from being the largest domestic trade port to a dual circulation hub, with foreign trade cargo throughput growth of 10.73% and container throughput growth of nearly 20% [1] Group 1: Port Performance and Growth - In 2025, Guangzhou Port's foreign trade container throughput growth is among the highest in coastal ports in China, with over 50% of its container throughput being foreign trade [1] - The port has established a comprehensive shipping network, adding 10 new foreign trade routes and opening a direct route from Nansha to South America, totaling 182 foreign trade routes [2] - The port's sea-rail intermodal volume surpassed 700,000 TEUs in 2025, reflecting a year-on-year growth of 15.7% [3] Group 2: Infrastructure and Technological Advancements - Guangzhou Port has developed a seamless multi-modal transport system, connecting with rail, road, and inland waterways, and has maintained its status as the largest domestic trade container port for 17 consecutive years [3] - The Nansha Port Area has established the world's first fully automated multi-modal terminal, increasing container handling efficiency by 30% and reducing labor costs [3] - The port has implemented a 24-hour pilot service with zero waiting time, reducing the average stay time for container ships to 0.87 days [4] Group 3: Economic Impact and Strategic Partnerships - In 2025, Guangzhou signed a memorandum to deepen strategic cooperation with Maersk Group, establishing partnerships with all of the world's top ten shipping companies [2] - The Guangzhou Nansha Economic Development Conference in June 2025 resulted in the signing of 21 projects with a total investment of nearly 7 billion yuan, expected to generate additional revenue of nearly 10 billion yuan [4] - The port's automotive throughput reached 1.5032 million vehicles in 2025, with a year-on-year growth of 37.6%, highlighting its role in the automotive logistics sector [4] Group 4: Regional and Global Positioning - Guangzhou has risen to 12th place globally in the Xinhua-Baltic International Shipping Center Development Index, ranking 4th in China, showcasing its growing global influence [5] - The Guangdong-Hong Kong-Macao Greater Bay Area ports collectively account for about one-quarter of the national container handling capacity, with Guangzhou Port being the largest comprehensive hub in South China [6] - The port cluster in the Greater Bay Area is not only a cornerstone of China's foreign trade but also a critical component of the global supply chain [6]

格隆汇1月6日｜太平洋证券研报指出，锦江航运今年前三个季度累计实现营业总收入51.76亿，同比 +21.37%；归母净利11.85亿,同比+64.76%；经营活动现金流量净额达17.25亿元。25年中期已派发股息 约2.59亿。截至目前，公司已签订2+2艘1100TEU集装箱船建造合同，并启动4+4艘1800TEU新造船项 目，其中2艘1100TEU与4艘1800TEU新造船为募投项目。公司有序推进运力更新计划，优化运力结构， 筑牢航线经营基础。最近披露的造船合同可看作对"提质增效行动方案"的坚定执行。该行看好公司"一 主两翼"的发展战略，继续维持"增持"评级。 ...

新年刚上班，两份港口的"成绩单"就摆在了眼前： 连续17年雄踞中国内贸第一港的广州港，外贸集装箱占比首次突破50%；深圳港集装箱吞吐量突破3500 万标箱，创下历史新高。 看似是两件事，说的却是同一个趋势：在全球贸易的版图上，粤港澳大湾区的港口群，正在改变打法。 广东"十五五"规划建议多次提及港口群，明确提出打造世界一流港口群，强化大机场、大港口的整体统 筹、功能集成。 2025年，以香港为国际航运中心，广州港、深圳港为枢纽，东莞港、佛山港等为喂给港的粤港澳大湾区 港口群，集装箱处理能力约占到全国总量的四分之一。大湾区这片中国最繁忙的港口群，用实实在在的 行动，划出了三条通向"世界最强"的清晰轨迹。 第一，越是风高浪急，越要把大门敞开。当"逆全球化"的声音不时传来，这里的港口，正把航线铺向更 远的地方。 广州港一年新增10条外贸航线，首次把航线直接拉到了南美西海岸；深圳港的"国际朋友圈"扩大到29个 友好港。它们没有收缩，反而把网络织得更密。广州港目前已与全球100多个国家和地区的400多个港口 建立了紧密的航运联系，深圳港国际集装箱班轮航线累计达279条，覆盖全球6大洲12大航区。 这张不断延伸的航线网络， ...

Core Insights - Guangzhou Port is projected to handle over 696 million tons of cargo and exceed 28 million TEUs in container throughput by 2025, maintaining its position among the top six global ports. The foreign trade cargo throughput is expected to grow by 10.73%, with foreign trade container throughput increasing by nearly 20%, leading the growth among coastal ports in China [1][2]. Global Network Expansion - Since 2025, Guangzhou Port has expanded its global shipping network, adding 10 new foreign trade routes, including a direct route from Nansha to South America. The port now operates 182 foreign trade liner routes, with 152 routes under the Belt and Road Initiative and 98 routes to RCEP countries, establishing connections with over 400 ports in more than 100 countries and regions [2][4]. Multimodal Transport System - Guangzhou Port has developed an efficient multimodal transport system, achieving seamless connections with rail, road, and inland waterway transport. The sea-rail intermodal volume surpassed 700,000 TEUs in 2025, marking a 15.7% year-on-year increase. The port operates 39 sea-rail intermodal trains, connecting 38 inland ports across 11 provinces [5]. Business Environment Optimization - The port has implemented a 24-hour pilot service with zero waiting time, reducing the average stay of container vessels to 0.87 days. Innovations such as "onboard certificate processing" have streamlined administrative services. In 2025, Guangzhou hosted a high-quality development conference, signing 21 projects with a total investment of nearly 7 billion yuan [7]. Infrastructure Upgrades - The Nansha Port Area has established the world's first fully automated multimodal terminal, increasing container handling efficiency by 30%. The port has also achieved 100% shore power coverage, with over 17 million kilowatt-hours of shore power supplied to vessels, resulting in a carbon reduction of 11,730 tons [8][9]. International Ranking Improvement - In 2025, Guangzhou surpassed Tokyo to rank 12th globally in the Xinhua-Baltic International Shipping Center Development Index, solidifying its position as the fourth in China. The Pearl River cruise brand also ranked first globally in the International Urban Cruise Vitality Index Report, with over 4 million visitors in 2025 [10][12]. Strategic Port Cluster Development - The Guangdong-Hong Kong-Macao Greater Bay Area port cluster, with Guangzhou, Shenzhen, and Hong Kong as key hubs, accounts for about one-quarter of the national container handling capacity. This strategic collaboration aims to transition from being the "largest" to the "strongest" in global supply chains, enhancing China's foreign trade capabilities [13].

Core Viewpoint - Guangzhou Port Co., Ltd. has reported significant growth in container and cargo throughput for December 2025 and the entire year, indicating a positive trend in operational performance [1]. Group 1: December 2025 Performance - The company expects to achieve a container throughput of 2.326 million TEUs in December 2025, representing an 11.6% year-on-year increase [1]. - The projected cargo throughput for December 2025 is 50.869 million tons, reflecting a 6.2% year-on-year growth [1]. Group 2: Full Year 2025 Performance - For the full year 2025, the company anticipates a total container throughput of 27.131 million TEUs, which is a 7.7% increase compared to the previous year [1]. - The expected total cargo throughput for 2025 is 582.974 million tons, showing a 2.6% year-on-year growth [1].

Core Viewpoint - Guangzhou Port is projected to achieve a cargo throughput of over 696 million tons and container throughput exceeding 28 million TEUs by 2025, maintaining its position among the top six global ports [1] Group 1: Cargo and Container Throughput - By 2025, Guangzhou Port's foreign trade cargo throughput is expected to grow by 10.73%, while foreign trade container throughput is anticipated to increase by nearly 20%, leading the growth among coastal ports in China [1] - The proportion of foreign trade containers at Guangzhou Port has surpassed 50%, marking a successful transition from being the "largest domestic trade port" to a "dual circulation hub" [1] Group 2: Global Shipping Network Expansion - Since 2025, Guangzhou Port has expanded its global shipping network, adding 10 new foreign trade routes, including a direct route from Nansha to South America, bringing the total to 182 foreign trade routes [3] - The port has established close shipping connections with over 400 ports in more than 100 countries and regions, and has signed a strategic cooperation memorandum with Maersk Group [3] Group 3: Industrial Clusters and Cargo Handling - The Guangzhou port area has developed various industrial clusters, including automotive manufacturing, marine engineering, petrochemicals, cold chain logistics, and grain [3] - The automotive roll-on/roll-off terminal cluster at Shazai Island has an annual throughput capacity of over 3 million vehicles, with a total automobile throughput of 1.5032 million vehicles in 2025, including 553,000 for export, reflecting a year-on-year growth of 37.6% [3] Group 4: Multimodal Transport System - Guangzhou Port has established an efficient multimodal transport system, achieving seamless connections with rail, road, and inland waterway transport, and has maintained its status as the largest domestic trade container port for 17 consecutive years [4] - By 2025, the sea-rail intermodal transport volume is expected to exceed 700,000 TEUs, with a year-on-year increase of 15.7% [4] Group 5: Regional Port Cooperation - The Guangdong-Hong Kong-Macao Greater Bay Area port cluster, including Guangzhou Port, Shenzhen Port, and others, accounts for approximately one-quarter of the national container handling capacity [5] - The three major ports have formed a pattern of "differentiated division of labor and complementary advantages," gradually transitioning from being the "largest in the world" to the "strongest in the world" [5]

中新社广州1月5日电 (记者蔡敏婕)广州市港务局5日发布消息称，2025年，广州港完成货物吞吐量超 6.96亿吨，集装箱吞吐量突破2800万标准箱。其中，外贸集装箱占比超过50%。 2025年，广州港外贸货物吞吐量同比增速10.73%，外贸集装箱吞吐量同比增速近20%，同比增速位居中 国内地沿海港口前列。 广州临港区域已形成汽车制造、海工装备、石油化工、冷链物流、粮食等诸多产业集群。沙仔岛成为内 地规模最大的汽车滚装码头集群之一，商品车年通过能力超300万辆，2025年完成汽车吞吐量150.32万 辆，其中外贸出口55.3万辆，同比增长37.6%。(完) （文章来源：中国新闻网） 2025年以来，广州港不断拓展全球航运网络，加大东南亚、南美等区域航线开辟力度，新增10条外贸航 线，并首次开通南沙——南美西直航航线，现已开辟182条外贸班轮航线，其中共建"一带一路"航线达 152条，《区域全面经济伙伴关系协定》(RCEP)国家航线98条，航线网络覆盖传统欧美、亚非主要贸易 区，并不断向"一带一路"共建国家和新兴市场延伸。 目前，广州港已与全球100多个国家和地区的400多个港口建立紧密的航运联系。广州港已与全球 ...

Core Viewpoint - The delivery of the "Sui Gang Dian Hang 01," the first 4,000-ton pure electric container ship in South China, marks a significant advancement in green shipping technology and aims to reduce carbon emissions in the logistics sector [1][6]. Group 1: Ship Specifications and Features - The "Sui Gang Dian Hang 01" is capable of carrying 240 standard containers and has a total power capacity of 6,000 kWh, with a cargo capacity exceeding 3,800 tons [3][7]. - The ship has received certification from the China Classification Society (CCS) as an intelligent vessel, featuring an intelligent power distribution system that adjusts output based on operational conditions, thereby reducing energy consumption [3][7]. - It incorporates a quick-change box power system to address the lack of charging infrastructure in inland waterways, supporting flexible switching between charging and battery replacement [3][7]. Group 2: Environmental Impact and Operational Efficiency - The vessel is expected to reduce carbon emissions by over 550 tons annually and achieve a total lifecycle carbon reduction of more than 19,000 tons, eliminating sulfur oxides, nitrogen oxides, and particulate matter emissions, thus achieving "zero pollution, zero emissions, and low noise" during operation [3][7]. - The energy costs of the "Sui Gang Dian Hang 01" are significantly lower compared to similar fuel-powered vessels, and it also reduces labor and operational costs, creating a dual advantage of carbon reduction and efficiency improvement [3][7]. Group 3: Strategic Importance and Future Plans - The ship will initially operate on the Nansha-Huangpu route and is set to contribute to the establishment of an efficient, low-carbon water logistics network in the Greater Bay Area, providing a model for green transformation in inland shipping across the country [3][10]. - The delivery of this vessel represents a leap from "clean energy substitution" to "zero-carbon power application," laying a solid foundation for the development of a "green intelligent shipping" brand in the Greater Bay Area [10].

Core Viewpoint - The company, Guangzhou Port, anticipates significant growth in container and cargo throughput for the upcoming years, indicating a positive trend in operational performance and market demand [1] Group 1: Container Throughput - The company expects to achieve a container throughput of 2.326 million TEUs in December 2025, representing an 11.6% year-on-year increase [1] - For the full year of 2023, the projected container throughput is 27.131 million TEUs, reflecting a 7.7% year-on-year growth [1] Group 2: Cargo Throughput - The company forecasts a cargo throughput of 50.869 million tons in December 2025, which is a 6.2% increase compared to the previous year [1] - For the entire year of 2023, the expected cargo throughput is 582.974 million tons, showing a 2.6% year-on-year growth [1]

Core Insights - The Pearl River Waterway Management Bureau announced ten major initiatives for water transport development in the Pearl River area by 2025, emphasizing the acceleration of the construction of a world-class port cluster in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1: Infrastructure Development - The construction of key infrastructure projects is set to accelerate, including the 200,000-ton channel project at Guangzhou Port and the fifth phase of the Nansha Port area [1] - The first phase of the automated container terminal at the Yantian Port area in Shenzhen, featuring three 200,000-ton berths, has completed its main structure [1] Group 2: Shipping Metrics - The Greater Bay Area's international hub, Guangzhou Port, is expected to handle a total cargo throughput of 695 million tons and a container throughput of 27.5 million TEUs in 2025, with a projected sea-rail intermodal volume exceeding 700,000 TEUs [1] - By 2025, the total cargo throughput for all ports in the Pearl River system is expected to reach 2.1 billion tons, with foreign trade cargo throughput at 640 million tons and container throughput at 79.01 million TEUs, reflecting year-on-year growth of 2.8%, 4.5%, and 4.8% respectively [1] Group 3: Safety and Regulation - The Ministry of Transport's Maritime Safety Administration has signed a cooperation arrangement for information sharing and governance with maritime departments in Hong Kong and Macao [2] - Guangdong Maritime Bureau has introduced the first provincial regulations for managing vessel navigation restrictions under adverse weather conditions in inland waterways [2] - The implementation of the "Guangzhou Water Traffic Safety Management Regulations" marks a new level of governance in water traffic safety within the Greater Bay Area [2]