Core Viewpoint - The news provides an overview of the upcoming IPOs, earnings announcements, shareholder meetings, and dividend distributions for various companies listed on the Hong Kong Stock Exchange as of October 23, 2025 [1]. New IPO Activities - Companies currently in the IPO process include: - Baima Tea Industry - Cambridge Technology - Sany Heavy Industry - Dipu Technology - Prada - Lijuz Pharmaceutical [1] Earnings Announcement Dates - Companies scheduled to announce earnings include: - Faraday - Ping An Good Doctor - Longyuan Power - Orient Overseas International - Qingdao Port - China Innovation Investment - Chongqing Machinery and Electric [1] Shareholder Meeting Dates - Companies holding shareholder meetings include: - Datang Power - Andeli Juice - Hongye Futures - Tibet Water Resources - China Anshun Energy [1] Dividend Distribution - Companies with upcoming dividend distributions include: - Hang Seng Bank (ex-dividend date) - Huaxun (dividend payment date) - Wansichang International (dividend payment date) - Zhifeng Industrial Electronics (dividend payment date) - Haitian Flavoring and Food (dividend payment date) - China Shipbuilding Defense (dividend payment date) - Dongfang Xingye Holdings (dividend payment date) - China Resources Mixc Life (dividend payment date) [1][3][4]

Core Viewpoint - Qingdao Port's stock experienced a slight decline of 0.23% on October 20, with a trading volume of 133 million yuan, indicating a low level of financing and short-selling activity [1][2]. Financing Summary - On October 20, Qingdao Port had a financing buy amount of 5.73 million yuan and a financing repayment of 9.91 million yuan, resulting in a net financing outflow of 4.18 million yuan [1]. - As of October 20, the total financing and securities lending balance for Qingdao Port was 97.16 million yuan, with the financing balance at 97.09 million yuan, accounting for 0.21% of the circulating market value, which is below the 40th percentile level over the past year, indicating a low financing level [1]. Short Selling Summary - On October 20, Qingdao Port had a short-selling repayment of 13,300 shares, with no shares sold short, resulting in a short-selling amount of 0.00 yuan [1]. - The remaining short-selling volume was 8,100 shares, with a short-selling balance of 70,000 yuan, which is below the 20th percentile level over the past year, indicating a low level of short-selling activity [1]. Company Overview - Qingdao Port International Co., Ltd. was established on November 15, 2013, and listed on January 21, 2019. The company specializes in the loading and unloading of various goods, including containers, metal ores, coal, and crude oil, as well as logistics and port value-added services [2]. - As of June 30, the company reported a revenue of 9.43 billion yuan for the first half of 2025, representing a year-on-year growth of 4.04%, and a net profit attributable to shareholders of 2.84 billion yuan, reflecting a year-on-year increase of 7.58% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Qingdao Port was 35,700, an increase of 14.46% compared to the previous period [2]. - The top ten circulating shareholders include the Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF, which is the eighth largest shareholder with 22.62 million shares, and Hong Kong Central Clearing Limited, the tenth largest shareholder with 19.28 million shares, which increased its holdings by 20,100 shares compared to the previous period [3].

10月20日，在山东港口青岛港，一艘货轮在拖船辅助下停靠集装箱码头（无人机照片）。 新华社图 文、新华社图表 ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [3] Core Views - The express logistics sector is experiencing resilient demand, with a "de-involution" trend driving up express prices, enhancing corporate profitability. The long-term outlook for e-commerce express logistics is positive due to healthy competition [3][13] - The shipping sector is expected to benefit from the OPEC+ production increase and the Federal Reserve's interest rate cuts, with a notable improvement in VLCC freight rates anticipated in Q4 2025 [13] - The aviation industry is seeing stable demand growth, with supply chain issues leading to increased costs for airlines. The overall passenger demand is projected to grow by 10.4% in 2024, outpacing capacity growth [9][14] Summary by Sections Express Logistics - In September 2025, major express companies reported improved performance, with YTO, Shentong, and Yunda achieving business volumes of 2.627 billion, 2.187 billion, and 2.110 billion pieces, respectively, representing year-on-year growth of 13.64%, 9.46%, and 3.63% [3][27] - The average revenue per piece for these companies also saw increases, indicating a trend of rising prices in the express delivery sector [3][27] Shipping and Ports - The implementation of new port fees between China and the US is expected to create a dual market structure, granting strategic pricing power to compliant shipping capacities [5] - China has secured pricing power for iron ore, marking a significant shift in global commodity trade dynamics [6] - The Shanghai Container Freight Index (SCFI) rose by 12.9% week-on-week, indicating a positive trend in shipping rates [7] Aviation - The International Air Transport Association (IATA) reported that supply chain bottlenecks are delaying aircraft production, leading to increased costs for airlines, estimated to exceed $11 billion in 2025 [9] - Chinese airlines collectively oppose the US Department of Transportation's proposed flight restrictions, highlighting concerns over operational impacts [10] Road and Rail - National logistics operations were reported to be running smoothly, with significant increases in highway freight traffic [12] - The National Development and Reform Commission plans to enhance electric vehicle charging infrastructure along highways by 2027 [12] Overall Market Performance - From October 13 to October 17, 2025, the transportation sector index increased by 0.73%, outperforming the Shanghai Composite Index, which fell by 1.47% [18]

10月17日，青岛港涨0.58%，成交额1.41亿元。两融数据显示，当日青岛港获融资买入额840.14万元， 融资偿还673.31万元，融资净买入166.82万元。截至10月17日，青岛港融资融券余额合计1.01亿元。 融资方面，青岛港当日融资买入840.14万元。当前融资余额1.01亿元，占流通市值的0.22%，融资余额 低于近一年50%分位水平，处于较低位。 来源：新浪证券-红岸工作室 截至6月30日，青岛港股东户数3.57万，较上期增加14.46%；人均流通股0股，较上期增加0.00%。2025 年1月-6月，青岛港实现营业收入94.34亿元，同比增长4.04%；归母净利润28.42亿元，同比增长7.58%。 分红方面，青岛港A股上市后累计派现128.18亿元。近三年，累计派现56.87亿元。 机构持仓方面，截止2025年6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2262.29万股，为新进股东。香港中央结算有限公司位居第十 大流通股东，持股1928.39万股，相比上期增加2.01万股。易方达稳健收益债券A（110007）退出十 ...

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: Market Performance - On October 17, Qingdao Port's stock increased by 0.58%, with a trading volume of 141 million yuan and a turnover rate of 0.30%, resulting in a total market capitalization of 56.213 billion yuan [1]. - The stock has shown a dividend yield over the past three years of 4.80%, 4.74%, and 3.45% respectively, indicating a consistent return to shareholders [2]. Group 2: Business Operations - Qingdao Port primarily engages in the handling of containers, metal ores, coal, crude oil, and provides logistics and port value-added services, with the revenue composition being 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]. - The company has demonstrated steady growth in revenue and profit, with a reported operating income of 9.434 billion yuan for the first half of 2025, reflecting a year-on-year increase of 4.04%, and a net profit attributable to shareholders of 2.842 billion yuan, up 7.58% [6]. Group 3: Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders for Qingdao Port reached 35,700, an increase of 14.46% from the previous period [6]. - The top ten circulating shareholders include notable entities such as the Southern S&P China A-share Large Cap Dividend Low Volatility ETF, which holds 22.6229 million shares, marking a new entry among major shareholders [8].

目前，山东港口已常态化运营中韩日日达、半岛速航等多条精品航线，开通青岛、日照、烟台、威海至韩国的邮轮、客货班轮航线，架起了服务中韩经贸 合作和人文交流的强劲"动脉"。"青岛—济州"集装箱航线的开通将进一步织密山东港口对韩航运网络，构建高效、稳定的海上物流通道。 "将积极响应两国客户多元化需求，依托'天天班'、'日日达'等高效产品，创新跨境电商、特色拼箱等多维业态，打造'端到端'供应链综合服务体系，助力 济州产品经青岛中转至全球市场，为中韩乃至东北亚的经贸合作持续注入动能。"山东省港口集团党委书记、董事长霍高原表示。 据悉，"山港日照"轮为山东港口自主建造的智能化集装箱船，船长118米，型宽20.8米，最大载箱量712TEU，具备多用途船与普通干货船双船型功能，可 承运普通集装箱、冷藏集装箱、包装货及大件设备。同时，该轮配备在船冻柜插头109个，可充分保障各类生鲜、冷链及温控货物的高质量运输。 为保障航线运营，双方港口设立"中韩快线绿色通道"，推行"提前申报、船边验放"等便利措施，有力保障生鲜、冷链及跨境电商等高附加值货物的运输。 青岛大港海关物流监管科科长刘兵表示："我们根据船舶类型、预计航行计划等情况，指定 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何 損失承擔任何責任。 Qingdao Port International Co., Ltd. 青島港國際股份有限公司 （於中華人民共和國成立的股份有限公司） （股份代號：06198） 董事會會議通告 青島港國際股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於2025 年10月28日（星期二）召開董事會會議，藉以審議並批准（其中包括）本公司及其附屬公 司截至2025年9月30日止九個月之季度業績及其發佈。 承董事會命 青島港國際股份有限公司 董事長 蘇建光 中國·青島，2025年10月16日 於本通告日期，本公司執行董事為蘇建光先生及張保華先生；本公司非執行董事為李武成先生、朱濤 先生、崔亮先生及王芙玲女士；及本公司獨立非執行董事為李燕女士、蔣敏先生及黎國浩先生。 ...

格隆汇10月16日丨青岛港(06198.HK)宣布，本公司将于2025年10月28日（星期二）召开董事会会议，藉 以审议并批准（其中包括）本公司及其附属公司截至2025年9月30日止九个月的季度业绩及其发布。 ...

董事會會議通告 青島港國際股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於2025 年10月28日（星期二）召開董事會會議，藉以審議並批准（其中包括）本公司及其附屬公 司截至2025年9月30日止九個月之季度業績及其發佈。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何 損失承擔任何責任。 Qingdao Port International Co., Ltd. 青島港國際股份有限公司 （於中華人民共和國成立的股份有限公司） （股份代號：06198） 中國·青島，2025年10月16日 承董事會命 青島港國際股份有限公司 董事長 蘇建光 於本通告日期，本公司執行董事為蘇建光先生及張保華先生；本公司非執行董事為李武成先生、朱濤 先生、崔亮先生及王芙玲女士；及本公司獨立非執行董事為李燕女士、蔣敏先生及黎國浩先生。 ...