证券之星消息，8月20日航运港口板块较上一交易日上涨0.87%，中谷物流领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926.74，上涨0.89%。航运港口板块个股涨跌见下表： 从资金流向上来看，当日航运港口板块主力资金净流入9002.37万元，游资资金净流出1.15亿元，散户资 金净流入2503.95万元。航运港口板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601919 中远海控 | | 2.39 Z | 15.07% | -1.49 Z | -9.39% | -8995.36万 | -5.68% | | 601975 招商南油 | | 1.01亿 | 20.25% | -4943.26万 | -9.91% | -5158.35万 | -10.34% | | 601866 中远海发 | | 3231.14万 | 12.85% | -1374.65万 | ...

格隆汇8月14日丨秦港股份(03369.HK)宣布，公司将于2025年8月28日(星期四)举行董事会会议，其中议 程包括审议及批准公司及其附属公司截至2025年6月30日止六个月的中期业绩及其刊发。 ...

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之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 中華人民共和國 • 河北省秦皇島市 二零二五年八月十四日 於本公告日期，本公司執行董事為張小強先生、聶玉中先生及高峰先生；非執行董事為張楠先生、 劉巳莽先生、肖湘女士及劉文鵬先生；獨立非執行董事為趙金廣先生、朱清香女士、劉力先生及 周慶先生；及職工董事為李玉峰先生。 * 僅供識別 秦皇島港股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將於二零二五年八月 二十八日（星期四）舉行董事會會議，其中議程包括審議及批准本公司及其附屬公司截至二零二五年 六月三十日止六個月之中期業績及其刊發。 承董事會命 秦皇島港股份有限公司 董事長 張小強 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03369） 董事會召開日期 ...

Core Viewpoint - Qin Port Co., Ltd. (03369.HK) will hold a board meeting on August 28, 2025, to review and approve the interim results for the six months ending June 30, 2025 [1] Related Events - The board meeting will include the discussion of the company's and its subsidiaries' interim performance [1] - Qin Port Co., Ltd. (601326) has reported throughput exceeding expectations, indicating potential upward movement in profitability [1]

（股份代號：03369） 董事會召開日期 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之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） 於本公告日期，本公司執行董事為張小強先生、聶玉中先生及高峰先生；非執行董事為張楠先生、 劉巳莽先生、肖湘女士及劉文鵬先生；獨立非執行董事為趙金廣先生、朱清香女士、劉力先生及 周慶先生；及職工董事為李玉峰先生。 * 僅供識別 董事長 張小強 中華人民共和國 • 河北省秦皇島市 二零二五年八月十四日 承董事會命 秦皇島港股份有限公司 秦皇島港股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將於二零二五年八月 二十八日（星期四）舉行董事會會議，其中議程包括審議及批准本公司及其附屬公司截至二零二五年 六月三十日止六個月之中期業績及其刊發。 ...

Group 1 - The report highlights that in July, the core CPI reached a new high both year-on-year and month-on-month, with the overall CPI showing zero growth year-on-year and PPI remaining unchanged, indicating a narrowing PPI-CPI gap [1][26] - Exports and imports in July exceeded expectations, with exports increasing by 7.2% year-on-year and imports rising by 4.1% [26] - The report emphasizes the importance of monitoring the market's response to the upcoming U.S. Federal Reserve's interest rate decisions, with an 88.9% probability of a 25 basis point rate cut by September 2025 [1][27] Group 2 - The report discusses the PCR (Put-Call Ratio) as a measure of market sentiment, indicating that high and low levels of PCR can signal market tops and bottoms [2][29] - Key themes identified include brain-computer interfaces, anti-involution strategies, and AIDC (Automatic Identification and Data Capture), which are expected to drive high industry growth [2][30] - The report notes significant advancements in AI and robotics, with major events like the World Humanoid Robot Games taking place, showcasing the industry's growth potential [2][31] Group 3 - The report on the automotive industry indicates that the European market for new energy vehicles is reaching a turning point due to stricter carbon emission regulations and a surge in electric vehicle sales [8] - Major automotive companies like Volkswagen and Stellantis are accelerating their electric vehicle strategies, with Volkswagen's BEV deliveries expected to reach 465,500 units in the first half of 2025, marking an 89% year-on-year increase [8] - The report highlights the importance of the upcoming product cycles and the competitive landscape in the electric vehicle market, with significant growth anticipated in the coming years [8][22] Group 4 - The report on the wind turbine manufacturing industry indicates strong profit margins and growth potential, particularly in international markets, with overseas orders expected to double [17] - The company is diversifying its business model to include power generation and energy storage, aiming for a cumulative installed capacity of 1.0 GW by the end of 2024 [17] - The forecast for net profit growth from 2025 to 2027 is robust, with expected increases of 48%, 42%, and 29% respectively [17] Group 5 - The report on the logistics sector highlights that Qin Port's coal throughput increased by 4% year-on-year in the first half of 2025, driven by improved railway coal transport volumes [22] - The report anticipates continued growth in throughput, particularly in iron ore, as global economic recovery boosts international trade [22] - Profit forecasts for 2025 have been adjusted downward due to expected declines in revenue per ton, with a revised net profit estimate of 1.76 billion yuan [22]

天风证券8月10日发布研报称，给予秦港股份（601326.SH）买入评级。评级理由主要包括：1）Q2吞吐 量增速回升到9%；2）吞吐量有望继续小幅增长；3）资本开支减少，负债率下降。风险提示：环保限 产趋严，房地产和基建投资下滑，港口降费政策出台，分红比例下降，港口资产整合低于预期。 （文章来源：每日经济新闻） ...

Core Viewpoint - Qin Port Co., Ltd. has shown a recovery in throughput volume, with a positive outlook for profitability, leading to a "buy" rating from Tianfeng Securities [1]. Group 1: Throughput Volume Performance - In Q2 2025, Qin Port's throughput volume increased by 9% year-on-year, reversing a decline seen in Q1 2025 where it dropped by 3% [2]. - The recovery in coal throughput was driven by a rebound in coal transport volume from the Daqin Railway, which improved from -5.6% in Q1 to 1.4% in Q2 [2]. - Metal ore throughput also saw a recovery, correlating with a rise in national iron ore import growth from -8% in Q1 to 1.9% in Q2 [2]. Group 2: Future Growth Potential - Qin Port's coal throughput is expected to remain stable, as it is closely linked to Daqin Railway's coal transport volume, which has maintained a ratio of approximately 54% from 2014 to 2024 [3]. - The company plans to enhance market marketing and optimize cargo structure to create space for quality cargo increments [3]. - Metal ore throughput is projected to continue growing, supported by a historical upward trend in the ratio of Qin Port's throughput to national iron ore imports, which has been around 11% from 2014 to 2024 [3]. Group 3: Financial Health - From 2020 to 2024, Qin Port's capital expenditure has decreased, with fixed asset value increasing by 5% and intangible asset value by 4% [4]. - The company has seen a significant increase in cash and long-term deposits, growing by 57% to 5.6 billion yuan, while interest-bearing debt has decreased by 26% to 4.9 billion yuan, resulting in a decline in the debt-to-asset ratio to 27% [4]. Group 4: Profit Forecast Adjustments - Due to a decline in revenue per ton expected in 2024, the forecast for net profit attributable to shareholders for 2025 has been revised down to 1.76 billion yuan from the previous estimate of 1.99 billion yuan [5]. - Profit forecasts for 2026 and 2027 have been introduced at 1.84 billion yuan and 1.96 billion yuan, respectively, while maintaining a "buy" rating [5].

公司报告 | 公司点评 秦港股份（601326） 证券研究报告 吞吐量超预期，盈利有望上行 Q2 吞吐量增速回升到 9% 2025Q1 秦港股份吞吐量同比下滑 3%，其中核心品类煤炭同比下滑 4%、金属矿石同比下滑 5%，市场担心煤炭和铁矿石需求见顶，秦港股 份吞吐量会持续下滑。2025Q2 秦港股份吞吐量同比增长 9%，其中煤炭 同比增长 12%、金属矿石同比增长 6%，扭转了下滑势头。2025Q2 秦 港股份的煤炭吞吐量回升，得益于大秦铁路煤炭运量增速从 Q1 的- 5.6%回升到 Q2 的 1.4%；秦港股份的金属矿石吞吐量回升，得益于全 国铁矿石进口量增速从 Q1 的-8%回升到 1.9%。2025H1 秦港股份吞吐 量同比增长 3%，其中煤炭同比增长 4%，金属矿石同比持平。 吞吐量有望继续小幅增长 秦港股份的煤炭吞吐量与大秦铁路煤炭运量相关，2014-24 年两者比值 维持 54%左右。秦港股份将抓好市场营销不松懈，优化货源结构，为优 质货源增量创造空间，煤炭吞吐量有望维持稳定。秦港股份的金属矿石吞 吐量与全国铁矿石进口量相关，2014-24 年两者比值在 11%左右， 2019-24 年有上升趋 ...

行家说储能 ▋ 安徽明美新能：2MWh工商储项目投运 日前，安徽明美新能为名美科技产业园打造的1MW/2MWh工商业储能示范项目正式落地投运，为大湾区产业园区能源管理提供了标杆样本。 近日，多个工商业储能项目迎来最新进展，其中多个为首个项目，在河北、安徽淮南等地实现零的突破。 其中，1个开工、7个并网，这些项目中最大单体规模为100MWh， 容量规模超218MWh 主要分布在安徽（3个）、广东（2个）、江苏、河北、山东等地，涉及弘正 储能、明美新能、远东储能、蜂巢能源、融和元储等储能相关企业。 ▋ 弘正储能：常州 20.06MWh工商储项目投运 近日，江苏省常州市新申达6.9MW/20.06MWh工商业储能项目顺利通过验收并正式投运。 项目采用" 4台弘正储能D-Ocean 5.016MWh液冷直流舱+4台逆变升压一体舱 "的核心配置，通过10kV高压并网接入厂区电网，并设置防逆流装置，在严守并网规范 的同时，阻断电力倒灌风险，保障厂区电网安全。 此外，项目将 深度融合削峰填谷、需量管理等多元能量调度策略与多时间尺度控制技术，同步集成智能预警与预测功能，实时解析负荷曲线、电价波动及设 备健康度等关键数据，动态 ...