Group 1 - Insurance capital has been actively increasing stakes in companies, with 15 companies being targeted and 19 instances of stake increases in 2023, nearly matching the total of 20 from the previous year [1] - On July 3, Xintai Life Insurance acquired 3.45 million shares of Hualing Steel, representing 5% of the company's total equity, with a trading average price of 4.84 yuan per share [1] - Xintai Life expressed confidence in Hualing Steel's future and aims to enhance its influence and share in the company's long-term growth [1] Group 2 - Lianan Life Insurance increased its stake in Jiangnan Water by acquiring 1.1 million shares, raising its total holdings to 46.9954 million shares, or 5.03% of the total equity [2] - The stake increase by Lianan Life is based on its own asset allocation needs and the perceived value of Jiangnan Water, with funding sourced from its own capital [2] - Jiangnan Water's control remains unchanged, with the actual controlling shareholders being Jiangyin Public Asset Management Co. and Jiangyin Public Utilities Group Co. [2] Group 3 - Changcheng Life Insurance previously acquired a stake in Jiangnan Water, reaching 5.0001% in May of the previous year, indicating a trend of insurance companies increasing their stakes based on long-term investment strategies [3] - In June, Changcheng Life also announced the acquisition of 4.4 million shares of Qindao Port, increasing its total holdings to 279.4 million shares, or 5.0005% of the total equity [4] - Ping An Life has also been active, increasing its stake in China Merchants Bank to 15% through multiple transactions, reflecting a sustained interest in the bank's long-term investment value [4]

Core Viewpoint - Insurance capital is increasingly active in the capital market, with a significant acceleration in shareholding actions, indicating a strong interest in dividend stocks, particularly in the banking sector and public utilities [1][4]. Group 1: Shareholding Actions - As of July 2, 2025, insurance companies have made 18 shareholding actions, surpassing the total of 20 for the entire year of 2024 and significantly exceeding the 2023 total [1][4]. - Li'an Life announced a shareholding action in Jiangnan Water, increasing its stake from 4.91% to 5.03% after purchasing 1.1 million shares [3]. - Major shareholders like Great Wall Life are also actively buying shares, indicating a trend of increased participation in the market [4]. Group 2: Investment Focus - The focus of insurance capital has shifted towards H-shares and banking stocks, which are favored due to their significant discounts compared to A-shares and high dividend yields above 5% [4][8]. - The stable profitability and low volatility of banking stocks, especially state-owned banks, align with the risk preferences of insurance capital [4][9]. - The regulatory environment has become more favorable, encouraging insurance funds to increase their equity investments, with a reported 34.9 trillion yuan in investment balance as of Q1 2025, a 16.7% year-on-year increase [8]. Group 3: Strategic Implications - Insurance companies are not only focusing on financial returns but also on industrial synergy, as seen in the case of Huaxia Life's investment in Hangzhou Bank to enhance insurance and banking collaboration [5]. - The trend of shareholding actions is expected to continue, with a potential diversification into sectors like public utilities, environmental protection, and transportation, which offer stable cash flows and are less affected by economic cycles [9][10]. - Future investments are likely to prioritize high-dividend, high-capital appreciation potential companies, aligning with the long-term, stable needs of the insurance industry [10].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年6月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 秦皇島港股份有限公司 呈交日期: 2025年7月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03369 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 829,853,000 | RMB | | 1 | RMB | | 829,853,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 829,853,000 | RMB | | 1 | RMB | | 829,853,000 | | 2. 股份分類 ...

Core Viewpoint - Qinhuangdao Port Co., Ltd. is undergoing a significant share reduction by its major shareholder, the Qinhuangdao State-owned Assets Supervision and Administration Commission, which plans to sell up to 112 million shares, representing 2% of the total share capital, through block trading over the next three months [1] Shareholder Actions - The Qinhuangdao State-owned Assets Supervision and Administration Commission currently holds approximately 398 million A-shares, accounting for 7.12% of the total share capital, all acquired before the company's IPO [1] - This marks the third round of share reduction by the Qinhuangdao State-owned Assets Supervision and Administration Commission, with previous reductions completed as planned [1][2] - The commission previously sold 112 million shares at a price of 2.88 CNY per share on December 9, 2022, raising approximately 322 million CNY, and again sold 2% of shares at 3.46 CNY per share on December 30, 2024, raising about 387 million CNY [1][2] Shareholder Structure - The shares sold in the block trades were acquired by Hebei Port Group, which holds 58.27% of Qinhuangdao Port Co., Ltd. as of the end of the first quarter [3] - The actual controller of the company is the Hebei Provincial State-owned Assets Supervision and Administration Commission, indicating a transfer of shares between state-owned entities [3] Recent Investments - Recently, the company attracted attention as Changcheng Life Insurance increased its stake by purchasing 4.4 million A-shares, raising its total holdings to 21.4 million A-shares and 258 million H-shares, resulting in a total holding ratio of 5.0005% [4] - Since the beginning of the year, Changcheng Life Insurance has invested approximately 200 million CNY in increasing its stake in Qinhuangdao Port Co., Ltd. [5] Company Performance - Qinhuangdao Port Co., Ltd. is recognized as a major public terminal operator for bulk dry cargo globally and a key coal transportation hub in China, particularly in the Bohai Rim region [5] - The company has shown steady growth in operating performance, with net profit attributable to shareholders increasing for six consecutive years, reaching 1.565 billion CNY in 2024, a year-on-year increase of 2.2% [5] - Since its A-share listing, the company has distributed a total of 3.565 billion CNY in cash dividends, with an average dividend payout ratio of 37.28% [5]

Group 1 - Fengcai Technology is conducting an H-share issuance with a maximum price of 120.50 HKD per share, aiming to raise funds for its specialized chip business [1] - The global offering consists of 16.3 million shares, with 1.63 million shares available for public offering in Hong Kong [1] - Zijin Mining plans to acquire the Raygorodok gold mine project in Kazakhstan for 1.2 billion USD, enhancing its resource portfolio [1][2] Group 2 - Mindray Medical's shareholder plans to reduce holdings by up to 5 million shares, approximately 0.41% of the total share capital, due to personal funding needs [3] - Degute is planning to acquire control of Haowei Technology through a combination of cash and share issuance, leading to a temporary suspension of its stock [4] - New Dairy's controlling shareholder intends to reduce its stake by up to 3% of the total share capital, also for funding purposes [5] Group 3 - Yueyang Xinchang has resumed production after completing maintenance on its main production facilities, positively impacting its operations [6] - Chengdu Xian Dao has terminated its major asset restructuring plan due to failure to reach agreement on key terms [7] - Maglev Technology's shareholder plans to reduce its stake by up to 3% of the total share capital for personal financial arrangements [9] Group 4 - Zhongyan Dadi announced a cash dividend of 2.82 CNY per 10 shares and a capital increase of 3.99 shares per 10 shares [10] - Yunda Co. plans to distribute a cash dividend of 0.6 CNY per 10 shares, totaling approximately 47.22 million CNY [12] - Victory Co. intends to distribute a cash dividend of 0.42 CNY per 10 shares, amounting to around 36.06 million CNY [13] Group 5 - Shagang Group has invested 2.67 billion CNY in financial products while planning to use up to 8 billion CNY of idle funds for further investments [14] - Jiuyuan Yinhai's subsidiary won an 8.43 million CNY project contract, constituting a related party transaction [15] - China Railway Signal & Communication has announced the resignation of a board member due to personal reasons [16] Group 6 - China Rare Earth clarified that recent management changes have not affected its operations, ensuring stability in production [17] - Qixiang Tengda plans to conduct routine maintenance on its 60,000-ton acetone plant for 60 days to enhance operational safety [19] - ST King Kong's subsidiary signed a 399 million CNY contract for computing power services, indicating growth in its service offerings [20] Group 7 - Ziguang Guowei repurchased 775,500 shares for approximately 49.62 million CNY, reflecting confidence in its market position [22] - Qin Port's major shareholder plans to reduce its stake by up to 2% of the total share capital for development needs [22] - Longqi Technology has submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange, expanding its market presence [24]

Key Points - The major shareholder, Qinhuangdao State-owned Assets Supervision and Administration Commission, holds 397,975,485 shares, accounting for 7.12% of the total share capital of Qinhuangdao Port Co., Ltd [1][2] - The shareholder plans to reduce its holdings by up to 111,740,000 shares, which is not more than 2.00% of the total share capital, through block trading within three months starting from July 21, 2025 [1][2] - The reason for the reduction is stated as the need for self-development [2] - The reduction period is set from July 21, 2025, to October 20, 2025 [2] - The shareholder has committed to not transferring or managing the shares for twelve months post-IPO and has specific conditions for further reductions thereafter [3][4]

Group 1 - Longqi Technology has submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [1] - Chengdu XianDao has terminated the acquisition of approximately 65% equity in Nanjing Haina Pharmaceutical Technology Co., Ltd. due to failure to reach consensus on core terms [4] - Unigroup Guowei repurchased 775,500 shares for a total amount of 49.6173 million yuan on June 27 [5] Group 2 - Qinhuangdao State-owned Assets Supervision and Administration Commission plans to reduce its stake in Qin Port Co., Ltd. by up to 2% [2] - Magu Technology's shareholder Baolifeng intends to reduce its stake by up to 3% [3] - New Dairy's controlling shareholder plans to reduce its stake by up to 3% due to funding needs [6] Group 3 - Mindray Medical's shareholder EverUnion (H.K.) Limited plans to reduce its stake by up to 500,000 shares, representing approximately 0.41% of the total share capital [7] - Degute plans to acquire control of Haowei Technology, with trading suspended from June 30 [8]

证券代码：601326 证券简称：秦港股份 公告编号：2025-019 秦皇岛港股份有限公司关于持股 5%以上股东拟通过 大宗交易方式减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 持股 5%以上股东的基本情况 截至本公告披露日，股东秦皇岛市人民政府国有资产监督管理委员会（以下 简称"秦皇岛市国资委"）持有秦皇岛港股份有限公司（以下简称"公司"或 "本公司"）397,975,485 股 A 股股票，占公司总股本的 7.12%。 减持计划的主要内容 公司于 2025 年 6 月 28 日收到秦皇岛市国资委《关于计划减持秦皇岛港股份 有限公司股份的告知函》。因自身发展需要，秦皇岛市国资委拟通过大宗交易方 式减持其所持有公司股份不超过 111,740,000 股，即不超过公司总股本的 2.00%， 减持期间为本公告披露之日起 15 个交易日后的 3 个月内。 若在减持计划实施期间内，发生派息、送股、资本公积金转增股本等股份变 动事项，则上述减持股份数量进行相应调整。 | 股东名称 | 秦皇 ...

秦港股份：股东秦皇岛市国资委拟减持不超过2%公司股份 智通财经6月29日电，秦港股份(601326.SH)公告称，股东秦皇岛市国资委计划自公告披露之日起15个交 易日后的3个月内，通过大宗交易方式减持不超过1.12亿股公司股份，即不超过公司总股本的2.00%。减 持原因为自身发展需要。 ...

证券代码：601326 证券简称：秦港股份 公告编号：2025-016 秦皇岛港股份有限公司 2024年度股东周年大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 216 | | --- | --- | | 股股东人数 其中：A | 214 | | 境外上市外资股股东人数（H 股） | 2 | | 2、出席会议的股东所持有表决权的股份总数（股） | 4,540,973,429 | | 其中：A 股股东持有股份总数 | 4,047,035,429 | | 股） 境外上市外资股股东持有股份总数（H | 493,938,000 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 81.271498 | (一) 股东大会召开的时间：2025 年 6 月 27 日 (二) 股东大会召开的地点：河北省秦皇岛市海港区东山街 195 号菲拉海景酒 店 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持 ...