Investment Rating - The report maintains a positive outlook on the shipping industry, particularly focusing on oil transportation and shipbuilding sectors, recommending stocks such as ST Songfa and China Merchants Energy [4]. Core Insights - The report highlights a strong performance in oil shipping, with VLCC TCE rates rising by 24% to $146,385 per day, and a significant increase in demand leading to higher freight rates [4]. - The global energy chain's valuation is on the rise, driven by long-term capacity utilization and mid-cycle profit expectations, suggesting a favorable environment for shipping rates [4]. - The report emphasizes the resilience of the dry bulk market, with the BDI index recording a slight increase of 1.19% to 2,043 points, indicating stable demand despite seasonal fluctuations [5]. Summary by Sections Shipping Market Performance - The shipping index decreased by 1.41%, underperforming the CSI 300 index by 1.77 percentage points, with the aviation sector experiencing the largest decline at -5.16% [5]. - The report notes that the coastal dry bulk freight index in China fell by 1.76%, while the Baltic Dry Index increased by 1.19% [5]. Oil Transportation - VLCC rates reached a new high of approximately $160,000 per day during the Spring Festival, with expectations for continued strength in the coming weeks [4]. - The report indicates that the average VLCC freight rate increased by 23% week-on-week, reaching $149,564 per day, reflecting tight capacity and strong demand [4]. Dry Bulk Market - The report mentions that the Capesize freight rate decreased by 4.1%, while the Panamax index showed resilience with a 3.5% increase [4]. - The report anticipates that post-holiday demand recovery will be crucial for the dry bulk market, particularly in iron ore shipments [4]. Air Transportation - The report suggests that the airline industry is at a turning point, with potential for significant profit growth due to increased passenger volumes and operational efficiencies [4]. - Airlines such as China Eastern Airlines and Spring Airlines are highlighted as key players to watch in this sector [4]. Express Delivery - The report notes uncertainties in the express delivery sector due to fluctuating demand and competitive pressures, but highlights the strong market position of leading companies like ZTO Express and YTO Express [4]. Rail and Road Transportation - Rail freight volumes and highway truck traffic are reported to be resilient, with the Ministry of Transport data showing a slight decrease in freight volume but overall stability [4]. - The report identifies two main investment themes in the highway sector: high dividend yields and potential value recovery in undervalued stocks [4].

经济观察网广深铁路（601333）参与的广州东站改造项目已进入实施阶段，该项目总投资144.32亿元， 旨在将车站升级为高铁枢纽，未来将接入广汕、赣深等高铁线路。同时，广东省计划在2025-2027年推 进漳汕、梅武、深南等多条高铁项目建设，预计将带动公司运输服务业务增长。 以上内容基于公开资料整理，不构成投资建议。 行业政策与环境 《广东省促进粤港澳大湾区内地九市轨道交通发展条例》于2026年1月起正式施行，该条例鼓励建立差 别化票价体系，可能对广深铁路的过港直通车等业务产生影响。此外，广深城际列车服务已于2025年11 月优化提速，日均开行列数增加18%，有望提升客运量。 ...

Core Insights - The railway and highway sector experienced a rise of 1.42% on February 4, with Fulin Transportation leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Sector Performance - Fulin Transportation (002357) closed at 13.42, up 4.76% with a trading volume of 171,900 shares and a turnover of 230 million yuan [1] - Shanxi Expressway (000755) increased by 3.03% to close at 5.44, with a trading volume of 259,200 shares and a turnover of 142 million yuan [1] - Guangzhou-Shenzhen Railway (601333) rose by 2.61% to 3.15, with a trading volume of 702,800 shares and a turnover of 219 million yuan [1] - Other notable performers include Jilin Expressway (601518) up 2.45%, Tielong Logistics (600125) up 2.21%, and Shenhigao Expressway (600548) up 2.01% [1] Capital Flow - The railway and highway sector saw a net inflow of 400 million yuan from institutional investors, while retail investors contributed a net inflow of 1.78 million yuan [2] - The sector experienced a net outflow of 418 million yuan from speculative funds [2] Individual Stock Capital Flow - Major net inflows were observed in Daqin Railway (601006) with 272 million yuan, and Beijing-Shanghai High-Speed Railway (601816) with 131 million yuan [3] - Fulin Transportation (002357) had a net inflow of 17 million yuan from institutional investors, while retail investors saw a net outflow of 24.8 million yuan [3] - Other stocks like Haikou Group (603069) and Fujian Expressway (600033) also showed varying net inflows and outflows among different investor types [3]

Market Overview - The railway and highway sector experienced a decline of 0.28% on February 3, with Guangshen Railway leading the drop [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Individual Stock Performance - Notable gainers in the railway and highway sector included: - Hunan Investment (Code: 000548) with a closing price of 5.78, up 1.94% on a trading volume of 86,600 shares and a turnover of 49.73 million yuan [1] - Jiangxi Changyun (Code: 600561) closed at 7.01, up 1.89% with a trading volume of 64,900 shares and a turnover of 45.22 million yuan [1] - Haikou Group (Code: 603069) closed at 22.84, up 1.33% with a trading volume of 64,800 shares [1] - Conversely, Guangshen Railway (Code: 601333) saw a decline of 1.60%, closing at 3.07 with a trading volume of 768,200 shares and a turnover of 238 million yuan [2] - Other notable decliners included: - Jilin Expressway (Code: 601518) down 1.04% to 2.86 [2] - Beijing-Shanghai High-speed Railway (Code: 601816) down 0.82% to 4.84 [2] Capital Flow Analysis - The railway and highway sector experienced a net outflow of 179 million yuan from institutional investors, while retail investors saw a net inflow of 6.61 million yuan [2] - Key stocks with significant capital flow included: - Tielong Logistics (Code: 600125) with a net inflow of 22.37 million yuan from institutional investors, but a net outflow of 24.39 million yuan from retail investors [3] - China Merchants Highway (Code: 001965) had a net inflow of 9.78 million yuan from institutional investors [3] - Dongguan Holdings (Code: 000828) saw a net inflow of 9.16 million yuan from institutional investors [3]

格隆汇2月2日丨广深铁路(601333.SH)公布，公司董事会近日收到公司总会计师罗新鹏先生的辞任函， 其因达到法定退休年龄，申请辞去公司总会计师职务，辞任后将不再担任公司任何职务。 ...

证券代码：601333 证券简称：广深铁路 公告编号：2026-001 广深铁路股份有限公司 关于公司总会计师离任的公告 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。 ● 广深铁路股份有限公司（简称"公司"）董事会近日收到公司总会计师罗新鹏先生的辞任函，其因达到 法定退休年龄，申请辞去公司总会计师职务，辞任后将不再担任公司任何职务。 一、高级管理人员离任情况 (一)离任的基本情况 ■ (二)离任对公司的影响 根据《公司法》及公司《章程》等有关规定，罗新鹏先生的辞任函自送达公司董事会时生效，其辞任不 会对公司日常生产经营产生不利影响。罗新鹏先生已按照公司相关规定做好交接工作。截至本公告披露 日，罗新鹏先生未持有公司股份，亦不存在应当履行而未履行的承诺事项。 罗新鹏先生在任职期间勤勉尽责、恪尽职守，为公司规范运作和高质量发展发挥了积极作用，公司及董 事会对其在任职期间为公司发展所做出的贡献表示衷心感谢！ 特此公告。 广深铁路股份有限公司董事会 2026年2月2日 重要内容提示： ...

(一) 离任的基本情况 (二) 离任对公司的影响 证券代码：601333 证券简称：广深铁路 公告编号：2026-001 广深铁路股份有限公司 关于公司总会计师离任的公告 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： 广深铁路股份有限公司（简称"公司"）董事会近日收到公司总会 计师罗新鹏先生的辞任函，其因达到法定退休年龄，申请辞去公司总 会计师职务，辞任后将不再担任公司任何职务。 一、高级管理人员离任情况 | 姓名 | 离任 | 离任时 | | 原定任期 | | 离任原因 | 是否继续在上 市公司及其控 | 具体职 务（如 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 职务 | 间 | | 到期日 | | | | | | | | | | | | | | 股子公司任职 | 适用） | 公开承诺 | | 罗新鹏 | 总会 | 2026 | 年 1 | 2026 年 1 | | 达到法定 | 否 | ...

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: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 廣深鐵路股份有限公司 呈交日期: 2026年2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) | 00525 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,431,300,000 | RMB | | | 1 RMB | | 1,431,300,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 1,431,300,000 | RMB | | | 1 RMB | | 1,431,300,000 | | 2. ...

智通财经APP讯，广深铁路股份(00525)发布公告，公司董事会近日收到公司总会计师罗新鹏先生的辞任 函，其因达到法定退休年龄，申请辞去公司总会计师职务，辞任后将不再担任公司任何职务。 ...

广深铁路（601333）股份(00525)发布公告，公司董事会近日收到公司总会计师罗新鹏先生的辞任函， 其因达到法定退休年龄，申请辞去公司总会计师职务，辞任后将不再担任公司任何职务。 ...