Core Viewpoint - Qingdao Port (601298.SH) announced plans to invest approximately 9.097 billion yuan in the construction of the first phase of the Dongjiakou Container Terminal project, aimed at enhancing its container terminal operational capacity and supporting the development of Qingdao as an international container hub [1] Investment and Development - The estimated investment for the project is 9.097 billion yuan, with a construction period of about 4 years, expected to be completed by 2029 [1] - This project aligns with the company's strategic development plan and is significant for the long-term growth of the company [1] Operational Capacity and Competitiveness - The container terminal serves as a hub for multimodal transport, and the new specialized container terminal at Dongjiakou will complement the existing terminal upgrades at the Qianwan Port area [1] - The project aims to enhance container handling capacity, better serving the demand for international transshipment and hinterland cargo transportation, thereby improving the company's competitiveness and profitability [1]

Core Viewpoint - Qingdao Port (601298.SH) plans to invest approximately 9.097 billion yuan in the construction of the first phase of the Dongjiakou Container Terminal project to enhance its container terminal operations and support the development of Qingdao as an international container hub [1] Group 1: Project Details - The estimated investment for the project is 9.097 billion yuan [1] - The construction period is approximately 4 years, with completion expected by 2029 [1] Group 2: Strategic Importance - The project aligns with the company's strategic development plan and is significant for the company's long-term growth [1] - The new specialized container terminal will enhance the container handling capacity and better serve the demand for international transshipment and inland cargo transportation [1] - The project aims to improve the company's competitiveness and profitability by combining the new terminal with upgrades to existing facilities at the Qianwan Port area [1]

Core Viewpoint - Qingdao Port is positioned favorably due to its strategic location and recent developments, including a partnership with Huawei to enhance smart port operations, which may lead to growth opportunities in the shipping and logistics sector [2][3]. Group 1: Company Overview - Qingdao Port International Co., Ltd. is located in Shandong Province and was established on November 15, 2013, with its listing date on January 21, 2019 [6]. - The company primarily engages in the handling of containers, metal ores, coal, crude oil, and provides logistics and port value-added services, with revenue composition as follows: 56.72% from handling and related services, 36.96% from logistics and port value-added services, and smaller percentages from other port-related services [6]. - As of September 30, 2025, Qingdao Port achieved operating revenue of 14.238 billion yuan, a year-on-year increase of 1.86%, and a net profit attributable to shareholders of 4.180 billion yuan, up 6.33% year-on-year [6]. Group 2: Financial Performance - The company has maintained a dividend payout of 13.77 billion yuan since its A-share listing, with a cumulative payout of 6.638 billion yuan over the past three years [7]. - The recent dividend yields for the past three years were 4.80%, 4.74%, and 3.45% respectively, indicating a consistent return to shareholders [2]. Group 3: Market Position and Trends - Qingdao Port is strategically located in the center of the Bohai Sea and Yangtze River Delta port clusters, benefiting from the China-South Korea Free Trade Agreement [2]. - The port is recognized as a key node in the Belt and Road Initiative and is the only comprehensive operator of the world’s seventh-largest port, contributing to its strong operational performance [2]. Group 4: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders for Qingdao Port was 38,300, reflecting an increase of 7.23% from the previous period [6]. - Notable institutional shareholders include the Southern S&P China A-share Large Cap Dividend Low Volatility ETF and Hong Kong Central Clearing Limited, both of which have increased their holdings [8].

机构持仓方面，截止2025年9月30日，青岛港十大流通股东中，南方标普中国A股大盘红利低波50ETF联 接A（008163）位居第八大流通股东，持股2550.69万股，相比上期增加288.40万股。香港中央结算有限 公司位居第九大流通股东，持股2235.67万股，相比上期增加307.28万股。工银红利优享混合A （005833）位居第十大流通股东，持股2012.16万股，为新进股东。 资料显示，青岛港国际股份有限公司位于山东省青岛市市北区港极路7号，成立日期2013年11月15日， 上市日期2019年1月21日，公司主营业务涉及集装箱、金属矿石、煤炭、原油等各类货物的装卸及配套 服务、物流及港口增值服务、港口配套服务、金融服务等。主营业务收入构成为：装卸及相关业务 56.72%，物流及港口增值服务36.96%，港口配套服务-销售油、电及其他3.25%，港口配套服务-租金收 入1.95%，港口配套服务-工程等劳务1.13%。 截至9月30日，青岛港股东户数3.83万，较上期增加7.23%；人均流通股0股，较上期增加0.00%。2025年 1月-9月，青岛港实现营业收入142.38亿元，同比增长1.86%；归母净 ...

Group 1 - The core viewpoint of the article is that Qingdao Port (601298) operates its container segment through a light asset model for its holding company, while its joint ventures utilize a heavy asset model, leading to different gross profit margins [1] Group 2 - The company clarified the operational differences between its holding company and joint ventures, emphasizing the impact of business models on profitability [1]

（编辑 楚丽君） 证券日报网讯 12月18日，青岛港在互动平台回答投资者提问时表示，公司已发布《青岛港国际股份有 限公司2025-2027年三年股东分红回报规划》，承诺每年现金分红不低于当年可用于分配利润的40%， 可一年多次分红。 ...

Core Viewpoint - During the "14th Five-Year Plan" period, Shandong Province has achieved significant development in transportation, becoming the first provincial-level demonstration area for a strong transportation nation in China, with a projected investment of 1.47 trillion yuan, an increase of over 80% compared to the "13th Five-Year Plan" [1] Group 1: Transportation Infrastructure Development - Shandong has constructed a modern high-quality comprehensive transportation network, achieving notable accomplishments in railways, highways, ports, and airports [1] - The total railway operating mileage in Shandong reached 8,073 kilometers, ranking fourth in the country, with high-speed rail mileage increasing to 3,055 kilometers, the highest in the nation [1] - The total highway mileage in Shandong reached 297,000 kilometers, with highway density ranking first in the country (excluding municipalities) [2] Group 2: Port and Airport Enhancements - The province has 396 berths of 10,000 tons or more, including 30 berths of 200,000 tons or more, the highest in the country, and boasts the world's largest specialized terminals for iron ore, crude oil, and containers [2] - Shandong has 10 transport airports, ranking first in East China, with both Jinan and Qingdao airports achieving record passenger throughput [2] Group 3: Logistics and Transportation Efficiency - Shandong's international logistics channels are robust, with the total number of maritime foreign trade container routes maintaining the top position among northern ports, and a cumulative total of 12,000 China-Europe freight trains operated over five years [2] - The province is expected to reduce the ratio of total social logistics costs to GDP by 0.7 percentage points by 2025 compared to 2020, with a cumulative reduction in transportation costs of 57 billion yuan over five years [2] Group 4: Smart and Green Development - Shandong is integrating smart, green, and collaborative development into its transportation sector, with 600 kilometers of smart highways and 28 smart terminals established [3] - The total installed capacity of photovoltaic power generation along highways reached 833 megawatts, ranking first in the country, while promoting the integration of transportation with tourism and industry [3] Group 5: Governance and Public Service Improvements - Shandong has established a comprehensive "big transportation" management system, enhancing governance levels and fostering competitive transportation enterprises [3] - Over the past five years, Shandong has upgraded more than 40,000 kilometers of rural roads and built 26,000 service stations to improve logistics services in rural areas [3]

Core Viewpoint - Qingdao Port's stock performance shows a slight decline, with a trading volume of 112 million yuan and a net financing buy of 52,900 yuan on December 17, indicating low investor activity and financing levels [1] Financing Summary - On December 17, Qingdao Port had a financing buy of 7.96 million yuan and a financing repayment of 7.90 million yuan, resulting in a net financing buy of 52,900 yuan [1] - The total financing and margin trading balance for Qingdao Port reached 94.82 million yuan, with the financing balance at 94.72 million yuan, accounting for 0.20% of the circulating market value, which is below the 50th percentile level over the past year [1] Margin Trading Summary - On December 17, Qingdao Port repaid 5,400 shares in margin trading, with no shares sold, resulting in a selling amount of 0 yuan [1] - The margin trading balance stood at 95,400 yuan, with a remaining margin of 11,000 shares, also below the 50th percentile level over the past year [1] Company Overview - Qingdao Port International Co., Ltd. was established on November 15, 2013, and listed on January 21, 2019, focusing on various cargo handling services, logistics, and port value-added services [2] - The company's revenue composition includes 56.72% from handling and related services, 36.96% from logistics and port value-added services, and smaller percentages from other port-related services [2] Financial Performance - For the period from January to September 2025, Qingdao Port reported a revenue of 14.24 billion yuan, reflecting a year-on-year growth of 1.86%, and a net profit attributable to shareholders of 4.18 billion yuan, with a growth of 6.33% [2] Dividend Information - Since its A-share listing, Qingdao Port has distributed a total of 13.77 billion yuan in dividends, with 6.64 billion yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of Qingdao Port include notable funds, with the Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF being the eighth largest shareholder, increasing its holdings by 2.88 million shares [3] - Hong Kong Central Clearing Limited and ICBC Dividend Preferred Mixed A Fund are also among the top shareholders, with increases in their respective holdings [3]

在山东港口青岛港（601298）件杂货码头，货轮来往不息，一个个"中国制造"装备正从这里启航，直达 非洲基建一线。作为我国北方重要的对外枢纽港，青岛港依托山东及周边腹地重型机械、汽车、轮胎等 产业集聚优势，精准对接国际贸易需求，持续推进出口非洲货物装卸合作。今年1-11月，青岛港新增8 条件杂货航线，其中3条为非洲直达航线，构建起覆盖非洲主要区域核心港口的物流网络；对非出口吞 吐量实现稳步攀升，1-11月机械设备出口同比增长168%，成为拉动中非贸易增长、服务双循环战略的 关键力量。 此外，青岛港深度挖潜件杂货发展空间，积极打造"货、港、航、贸"及"钢矿联动"营销模式，与主要船 公司合作开拓东南非、南美东等精品航线，打通"乌拉圭－青岛－荷兰""巴西－青岛－比利时"等双向物 流通道，深化"纸浆+件杂货"重来重回物流模式，进一步突破传统腹地限制，形成了规模化、网络化的 发展路径，带动国内上下游产业链协同发展，推动中国产能与全球需求精准对接，为畅通国内国际双循 环提供了坚实支撑。 随着共建"一带一路"倡议、中非合作论坛成果持续深化，中非在基础设施建设、贸易便利化等领域的合 作不断加强。当前，非洲大陆正处于工业化和基 ...

12月16日，山东港口青岛港前港集装箱码头一片繁忙，随着"地中海卡诺科"轮顺利完成集装箱装卸作业，地中海航运2025年在青岛港集装箱量突破300万 标准箱，创出历年新高。 （大众新闻记者 李媛） 作为全球规模最大的集装箱班轮公司，地中海航运始终将中国视为全球最重要的市场之一，与青岛港长期保持紧密协同的合作关系。今年以来，依托青岛 港强劲枢纽能级与规模实力，地中海航运加大航线布局和运力投放，先后新增北美、中东、东南亚等4条优质外贸集装箱航线。至此，地中海航运在青岛 港的航线总数增至17条，为腹地企业搭建起高效便捷的"出海桥梁"。 针对地中海航运大型集装箱船舶持续靠泊，今年以来，青岛港充分发挥作业优势，持续精细泊位计划和堆场管理，实现船舶"快靠、快作、快离"，作业箱 量、效率稳步提升。其中，在"地中海安布拉"轮作业中，一举创出单船在港作业量27106标准箱历史新纪录；在"地中海薇奥拉"轮作业中，以超过35自然 箱/小时的平均作业效率、12067标箱的装卸总量，打破地中海欧洲航线单船箱量纪录。 未来，山东港口青岛港将一如既往为各大船公司提供优质、高效、便捷的服务，全力支持各大船公司在青岛港强化航线布局，积极打造全球 ...