证券代码：601872 证券简称：招商轮船 公告编号：2025[028] 招商局能源运输股份有限公司 关于终止分拆子公司重组上市的公告 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。 招商局能源运输股份有限公司（下称"公司"、"上市公司"或 "招商轮船"）于 2025 年 5 月 27 日召开第七届董事会第二十次会议、 第七届监事会第十五次会议，审议通过了《关于终止参与安通控股股 份有限公司重大资产重组暨公司分拆所属子公司重组上市的议案》， 同意公司终止分拆所属子公司中外运集装箱运输有限公司（下称"中 外运集运"）、广州招商滚装运输有限公司（下称"招商滚装"）通 过与安通控股股份有限公司（股票简称：安通控股 上海证券交易所 上市公司，证券代码：600179）进行重组的方式实现重组上市（以下 简称"本次分拆"或"本次交易"）事项，并授权公司管理层办理本 次终止相关事宜。现将有关情况公告如下： 一、本次分拆的基本情况 招商轮船拟分拆所属子公司中外运集运、招商滚装，通过与安通 控股进行重组的方式实现重组上市，即安通控股向公司发行股 ...

证券代码：601872 证券简称：招商轮船 公告编号：2025[027] 表决情况：同意 3 票，反对 0 票，弃权 0 票。 招商局能源运输股份有限公司（下称"公司"）第七届监事会 第十五次会议通知及补充通知分别于 2025 年 5 月 20 日和 5 月 21 日以电子邮件或传真的方式送达各位监事，会议于 2025 年 5 月 27 日以书面方式召开。公司监事会主席孙湘一先生、监事吴 月华先生、职工监事庄婕女士审议了会议议案并表决。会议的召 集、召开符合《公司法》等法律、行政法规和部门规章以及《招 商局能源运输股份有限公司章程》等相关规定。 出席会议的监事采取记名投票方式表决通过如下议案： 一、关于终止参与安通控股股份有限公司重大资产重组暨 公司分拆所属子公司重组上市的议案 招商轮船原计划分拆所属子公司中外运集装箱运输有限公 司、广州招商滚装运输有限公司通过与安通控股股份有限公司进 行重组的方式实现重组上市。鉴于交易各方尚未就交易条款等相关 1 事项协商一致，且考虑到本次交易事项自筹划以来历时较长，当前市 场环境及标的公司实际情况较本次交易筹划初期已发生一定变化，公 司全体监事经充分考虑及审慎论证后，同意 ...

证券代码：601872 证券简称：招商轮船 公告编号：2025[026] 招商局能源运输股份有限公司 第七届董事会第二十次会议决议公告 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。 招商局能源运输股份有限公司（下称"公司"、"本公司"）2025 年 5 月 20 日、2025 年 5 月 21 日以电子邮件、书面送达等方式向公 司全体董事、监事和高级管理人员书面发出《公司第七届董事会第二 十次会议通知》《关于公司第七届董事会第二十次会议的补充通知》。 2025 年 5 月 27 日，公司第七届董事会第二十次会议（下称"本次会 议"）以书面会议方式召开。本次会议应出席董事 12 名，实际出席 董事 12 名。本次会议召开的时间、方式符合《公司法》等法律、行 政法规和部门规章以及《公司章程》的有关规定，形成的会议决议合 法、有效。 本次会议以投票表决方式审议通过了如下议案： 内容详见公司同日披露的《招商轮船关于终止分拆子公司重组上 市的公告》（公告编号：2025[028]号）。 二、关于提名黄传京先生为公司第七届董事会非独立董 ...

Core Viewpoint - The company has decided to terminate the restructuring and spin-off of its subsidiaries, China Merchants Jinling and China Merchants Roll-on Roll-off, through a merger with Antong Holdings due to a lack of consensus on transaction terms and changes in market conditions and the actual situation of the target company [1] Group 1 - The decision was made during the 20th meeting of the 7th Board of Directors held on May 27, 2025 [1] - The termination of the spin-off will not adversely affect the interests of the company's shareholders [1] - The company's existing production operations and financial status will not be negatively impacted by this termination [1] Group 2 - The termination will not have a substantial effect on the implementation of the company's strategic planning [1]

Investment Rating - The report maintains a "Strong Buy" rating for the transportation industry, particularly highlighting opportunities in the shipping and port sectors [4]. Core Insights - The transportation industry is experiencing a mixed performance, with shipping and port sectors under pressure while the express delivery sector continues to grow [1][2]. - The shipping market is expected to recover gradually, with signs of improvement in oil transportation and a stable outlook for port operations despite recent challenges [1][25]. - The express delivery sector is projected to maintain robust growth, although average ticket prices are declining due to increased competition and a shift towards lower-value packages [1][3]. Summary by Sections Shipping and Port Sector - In Q1 2025, the oil transportation market started weakly, with VLCC market performance significantly lower than the same period last year. The overall revenue for 14 listed shipping companies in 2024 was CNY 364.97 billion, a 26.47% increase year-on-year, while net profit rose by 68.72% to CNY 66.79 billion [13][19]. - The port sector showed relative stability in performance, with 18 listed port companies reporting a total revenue of CNY 222.90 billion in 2024, a slight increase of 0.62%, but net profit decreased by 21.78% to CNY 32.22 billion [26][30]. Aviation and Airport Sector - The aviation industry is witnessing a divergence in performance, with traditional full-service airlines facing challenges while low-cost carriers are gaining market share. The overall passenger traffic is recovering, but ticket prices remain weak, impacting profitability [1][2]. - Airport non-aeronautical revenues are under pressure due to new tax agreements affecting profit margins. For instance, the new duty-free agreement at Shanghai Airport has reduced profit elasticity [1][2]. Express Delivery Sector - The express delivery industry in 2024 is expected to see a business volume of 174.5 billion packages, a 21% increase year-on-year, with total revenue reaching CNY 1.4 trillion, up 13% [1][2]. - The average ticket price for express delivery has decreased from CNY 9.1 to CNY 8.0 due to the increasing proportion of low-value packages and heightened competition among leading companies [1][2]. Road and Rail Sector - The railway passenger volume growth reached double digits in 2024, with a total of 4.31 billion passengers, a year-on-year increase of 11.9%. The total freight volume was 5.17 billion tons, up 2.8% [1][2]. - The road transport sector also showed growth, with freight volume reaching 41.88 billion tons, a 3.8% increase, and passenger transport volume at 11.78 billion, up 7% [1][2].

Mergers and Acquisitions - Chenfeng Technology's wholly-owned subsidiary plans to acquire 94.2752% of Liaoning Shengfan New Energy Engineering Co., Ltd. for 32.8454 million yuan [1] - New Power Financial intends to acquire minority stakes in two subsidiaries for a total of 1.27596 million yuan, increasing its ownership in Derun Financing Leasing and Deshan Microfinance [2] - Yitian Co. plans to acquire 40% of its subsidiary Yitian Semiconductor for 1 yuan, along with assuming 3.6 million yuan of unpaid capital [3] Share Buybacks - Yueling Co. plans to repurchase shares worth between 15 million and 30 million yuan for equity incentives, with a maximum buyback price of 16 yuan per share [4] - China Merchants Energy's share buyback program has concluded, with 69.2679 million shares repurchased, representing 0.85% of the total share capital, at a total cost of 443 million yuan [5] - Fenda Technology has received a loan commitment of up to 90 million yuan from China Bank for the purpose of repurchasing company shares [6] Shareholder Reductions - Wangzi New Materials' controlling shareholder sold 0.29% of the company's shares on May 21, 2025 [7] - Sichuan Gold announced that Beijing Jinyang plans to reduce its holdings by up to 10.5 million shares (2.50% of total shares), while Zijin Southern plans to reduce by up to 12.6 million shares (3.00% of total shares) [8] - Delong Laser reported that Beijing Woyan and its concerted actors plan to reduce their holdings by up to 3.1008 million shares (3% of total shares) [9] Management Issues - Huashi Technology announced that the detention period for its actual controller, director, and general manager Ye Jianbiao has been extended by three months due to an ongoing investigation [10]

Summary of Key Points Core Viewpoint - The company has successfully completed a share buyback program, repurchasing approximately 69.27 million shares, which represents 0.85% of its total share capital, with the aim of reducing registered capital and enhancing shareholder value [1][2]. Group 1: Buyback Plan Details - The buyback plan was first disclosed on October 18, 2024, and was approved by the board and shareholders [1]. - The expected buyback amount ranges from 222 million yuan to 443 million yuan, with a maximum buyback price set at 10.85 yuan per share [1]. - The actual buyback price ranged from 5.74 yuan to 7.05 yuan per share, with an average buyback price of 6.40 yuan per share [1][2]. Group 2: Implementation and Results - The buyback was executed through centralized bidding, with the first buyback occurring on November 8, 2024, and the completion of the buyback plan reported by May 20, 2025 [1][2]. - The total funds used for the buyback amounted to approximately 442.98 million yuan, excluding transaction fees [1][2]. Group 3: Share Cancellation and Capital Reduction - The repurchased shares will be canceled, leading to a reduction in the company's registered capital [1][4]. - The company has followed legal procedures for notifying creditors regarding the cancellation of treasury shares, with no objections received during the public notice period [4]. - The cancellation of the repurchased shares is scheduled for May 22, 2025, with necessary registration changes to be processed [4].

Core Viewpoint - The company, China Merchants Energy Transportation Co., Ltd., is holding a performance briefing for the first quarter of 2025 on May 29, 2025, to discuss its operational results and financial status with investors [1][2]. Group 1: Meeting Details - The performance briefing is scheduled for May 29, 2025, from 14:00 to 15:00 [1][2]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an online text interaction format [1][2]. - Investors can submit questions from May 22 to May 28, 2025, before 16:00, through the Roadshow Center website or via the company's investor relations email [2][3]. Group 2: Participants and Interaction - Key participants in the meeting will include the company's General Manager, Mr. Wang Yongxin, and other board members and financial executives [2]. - Investors can register on the Roadshow Center platform to participate in the meeting and will have the opportunity to have their questions answered [2][3]. Group 3: Contact Information - The contact department for inquiries is the Board Office, with a contact number provided for further assistance [3].

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。 证券代码：601872 证券简称：招商轮船 公告编号：2025[024] 招商局能源运输股份有限公司 关于股份回购实施结果暨股份变动的公告 重要内容提示： | 回购方案首次披露日 | 2024/10/18，由公司第七届董事会第十四次会议提 | | --- | --- | | | 议 | | 回购方案实施期限 | 待公司股东大会审议通过后 个月 12 | | 预计回购金额 | 2.22亿元~4.43亿元 | | 回购价格上限 | 10.85元/股 | | 回购用途 | √减少注册资本 □为维护公司价值及股东权益 | | 实际回购股数 | 6,926.7851万股 | | 实际回购股数占总股本比例 | 0.85% | | 实际回购金额 | 44,297.66万元 | | 实际回购价格区间 | 5.74元/股~7.05元/股 | 一、 回购审批情况和回购方案内容 招商局能源运输股份有限公司（以下简称"公司"）于 2024 年 10 月 17 日召开第七届董事会第十四次临时会议，并于 ...

证券代码：601872 证券简称：招商轮船 公告编号：2025[025] 会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 5 月 22 日（星期四）至 5 月 28 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司投 资者关系邮箱 ir@cmhk.com 进行提问。公司将在说明会上对投资者普 遍关注的问题进行回答。 招商局能源运输股份有限公司 关于召开 2025 年第一季度业绩说明会的公告 本公司董事会及董事保证本公告内容不存在虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性负个别及连带责任。 重要内容提示： 会议召开时间：2025 年 5 月 29 日(星期四)下午 14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） （三）会议召开方式：网络文字互动 三、本公司参加人员 公司董事、总经理王永新先生，董事余志良先生，独立董事邓黄君先 生，财务总监娄东阳先生，董事会秘书孔康先生及相关人员将参加本次业 绩说明会。 四、投资者参加方式 （一）投资者可在 202 ...