那在基于这个情况下以及各家办公公司以及客户对于2025年整个市场的一个走势的预判还有就是结合各家客户过往的一些履约的情况我们预计2025年的欧相的这些价格应该会比2024年的要越高都是基于在鸿海和土法这些风景让我先追踪一下 可能还没办法保持特别高的水位但是目前来看还是相对比较平稳的如果说美线未来可能有一些呃有一些呆工就是东马可能在明年的一月份一月中旬可能会再进入新一年的谈判而且包括就是特朗普这个上任之后的一些关税政策现在还不是特别明确所以说 可能会在今年的12月底或者是中下旬乃至明年的一月因为明年的一月底是春节嘛通常来说春节前会有一个出货的小高峰所以我们预计在12月中下旬乃至一月应该是会出现一个货量小幅上升的一个走势大概是这样的一个情况大家如果有什么问题的话互相交流 今天整个外围团经的什么样的强撞的情况有没有任何的影响?虽然目前我们还没有看到像大家一直在关心美歇是不是开始已经有几次强烈的经贸的规避这个关税的影响目前看来还没有出现非常明显的一个强烈那后续可能会有一定的这个短期内可能就是 恢复的幅度可能不会特别大但是就像我刚才说的给叠加了2025年春节的因素可能在后续的半个月甚至一个月内会出现一些上升但是抢病目前 ...

财联社11月21日讯（编辑 冯轶） 财联社为您带来今日港股重要公告 1）公司要闻 阿里巴巴-W(09988.HK)： 宣布成立阿里巴巴电商事业群，全面整合淘宝天猫集团、阿里巴巴国际数字 商业集团以及 1688、闲鱼等电商业务，形成覆盖国内外全产业链的业务集群。蒋凡先生已获任命担任 阿里巴巴电商事业群首席执行官。 中远海控(01919.HK)： 公司拟以战略投资人身份参与在上海联交所挂牌的安吉物流增资项目，出资10 亿元认购安吉物流7,500万元新增股本。公司关联法人上港集团也拟参与安吉物流增资项目，出资10亿 元（不含交易费用），认购安吉物流7500万元新增股本。如最终公司与上港集团共同摘牌成功并签署 《增资协议》，本次交易构成关联交易；前述情形下，公司与上港集团分别取得本次交易后安吉物流 10%股份。 百度集团-SW(09888.HK)：三季度总收入为335.57亿元，净利润为76.32亿元，同比增长14%，环比增长 39%。 贝壳-W(02423.HK)：三季度总交易额为7368亿元，同比增加12.5%。存量房交易同比增加8.8%。净收入 为226亿元，同比增加26.8%。净利润为11.68亿元。 博雅互 ...

证券代码：601919.SH/1919.HK 证券简称：中远海控 | --- | --- | --- | |-----------------------------|------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | □ 特定对象调研 □ 分析师会议 | | | | □ 媒体采访 | R 业绩说明会 | | 投资者关系 | □ 新闻发布会 | £ 路演活动 | | 活动类别 | □ 现场交流 | £ 电话会议 | | | □ 投资策略会 | □ 其他 | | 参与单位名称 | 全市场公开 | | | 时 间 | 2024 年 11 月 18 | 日（星期一） 15:00-16:30 | | 地 点 | 上海证券交易所上证路 ...

中远海控 20241118 摘要 • 2024 年前三季度，中远海控营业收入同比增长 29.8%至 1,747 亿元，净利 润同比增长 66.7%至 433 亿元，归母净利润同比增长 72.7%至 381 亿元， 展现强劲盈利能力。 • 集装箱航运业务量价齐升，累计完成货运量 1,904 万 TEU，同比增长 9.1%； 国际航线收入同比增长 35.1%。 • 公司积极建设全球数字化供应链服务生态，已完成 8 个投资平台和 9 个运 营平台的搭建，并强化关键枢纽港建设，提升供应链韧性。 • 中远海控积极推进数字化转型，已研发并推出 33 个数字化供应链组合服 务产品，覆盖全球 90 多个国家和地区。 • 公司积极布局绿色低碳发展，签订了 12 艘 14,000TEU 甲醇双燃料动力集 装箱船建造协议，并计划 2029 年前陆续交付 39 艘新船。 • 公司积极回馈股东，已派发中期现金红利约 83 亿元，并计划回购 5,000 万至 1 亿股 A 股股份，总金额预计为 10 亿至 20 亿人民币。 • 面对全球供应链紧张和联盟合作变化，中远海控保持敏锐的市场洞察力， 巩固传统优势，积极应对外部环境的不确定性，并 ...

下面有请主持人发言哎哦不好意思我刚信音了但不好意思好最近的各位投资者大家下午好我是广发交易组的手机分析师徐可现场的还有我们广发交易组专业看航运的李然欢迎各位投资者来参加中央海控三级报的业绩交流那么从三级报来看呢海控的 单季度营收和规模经济润分别达到了735亿和212亿同比分别增长72%和286%那么年初至报告期然后营收也达到了1747亿同比增长30%然后规模经济润同比已经达到了380亿同比增长72% 对所以呢就是业绩增长的是十分强劲的那我们也非常荣幸邀请到了海空的领导张静总来给大家分享一下公司最新的运营情况以及对公司未来的以及对市场的展望那么接下来呢就有请张总好的各位同事的朋友们还有这个网发证券的分析师朋友们大家下午好 那我先来向大家介绍一下10月底至11月初最近一周的一个主干航线的一些整个市场的一个情况吧那美线呢因为它的这个航程的原因呢如果说是目前来那个出运的货物再到北美的话尤其是美西港口那可能已经错过了这个生态器和非武器所以说目前美西已经是属于一个节前备货的一个 就是说收尾阶段所以说美西相对于美东来说他的运输需求可能就没那么强烈所以他今年应该说11月初他的装载率可能是没有达到满载在95%以上但是没有达到1 ...

证 券 研 究 报 告 中远海控（601919）2024 年三季报点评 推荐（维持） 24Q3 归母净利 213 亿，同比+286%，环比 +110%，业绩表现亮眼 当前价：15.44 元 ❖ 公司公告 2024 年三季报：1）业绩表现：2024 年前三季度营收 1747 亿，同比 +29.8%（调整后）；归母净利 381 亿元，同比+72.7%（调整后）。Q3 营收 735 亿，同比+72.0%（调整后）；归母净利 213 亿元，同比+286%（调整后）。2） 成本费用：2024Q3 营业成本 435 亿，同比+16.1%；毛利率 40.8%，同比+28.6pct； 期间费用率约为 2.4%，同比-0.6%。3）市场情况：2024 年前三季度 CCFI 均 值为 1576 点，同比+63%；Q3 CCFI 均值为 1998 点，同比+128%，环比+39%。 ❖ 集运业务：1）收入端：2024Q3 集运业务收入 714 亿，同比+74.3%；集运航线 收入 674 亿，同比+79.8%，其中跨太平洋、亚欧、亚洲内、其他国际、中国大 陆航线收入分别同比+115%、+104%、+52.6%、+72.8%、-0. ...

证券研究报告 | 2024年11月01日 中远海控（601919.SH） 优于大市 第三季度业绩强劲，关注长协谈判情况 中远海控公布 2024 年三季报，Q3 业绩实现大幅增长。中远海控发布 2024 年三季报，前三季度实现营业收入 1747.37 亿元，同比+29.80%，实现归母 净利润 381.24 亿元，同比+72.73%，实现扣非归母净利润 380.59 亿元，同 比+73.13%。其中，单三季度实现营业收入 735.13 亿元，同比+72.00%，实 现归母净利润 212.54 亿元，同比+285.70%，实现扣非归母净利润 212.39 亿 元，同比+288.62%。 CCFI 环比大幅上涨，带动公司业绩释放。第三季度，中远海控实现货运量 658 万 TEU，环比 Q2 增长 2.3%，但是实现航线收入 673.6 亿元，环比增长约 42.7%，主要得益于 CCFI 的提升，第三季度 CCFI 均值达到 1991 点，较 Q2 提升 552 点，改善显著。前三季度合计，海控实现业务量 1903.97 万 TEU， 同比+9.07%，分航线看，跨太平洋、亚欧、亚洲区内、其他国际、中国大陆 航线货运 ...

来源：公司年报、国金证券研究所 601919.SH 买入(维持评级) 证券研究报告 业绩简评 2024 年 10 月 30 日，中远海控发布 2024 年三季报。2024Q1-Q3 公 司实现营业收入 1747.4 亿元，同比增长 29.8%；实现归母净利润 381.2 亿元，同比增长 72.7%。其中 Q3 公司实现营业收入 735.1 亿 元，同比增长 72%；实现归母净利润 212.5 亿元，同比增长 285.7%。 经营分析 Q3 运价大幅增长，收入同比增长。3Q2024 公司营业收入同比增长 72%，主要由于欧美主干干线市场进入旺季、新兴市场货量增长、 红海局势持续发酵等多重因素共同作用影响，集装箱航运市场呈现 需求增长、有效供给不足的局面，市场运价水平持续上涨。2024Q1- Q3 CCFI 综合指数平均为 1573.5，同比增长 63%，其中 Q3 平均指 数为 1990.8，同比增长 127%。分量价来看，Q3 公司集运货运量为 658.0万TEU，同比增长8.6%；估算公司外贸航线单箱收入为1443.8 美元/TEU，同比增长 67.2%。 毛利率同比上升，费用率同比上升。3Q2024 公司 ...

Financial Performance - Revenue for Q3 2024 reached RMB 73.51 billion, a 72% increase year-over-year[4] - Net profit attributable to shareholders for Q3 2024 was RMB 21.25 billion, up 285.7% year-over-year[4] - Basic earnings per share for Q3 2024 were RMB 1.33, a 291.18% increase year-over-year[7] - Operating cash flow for the first nine months of 2024 was RMB 51.69 billion, a 151.91% increase year-over-year[6] - The company's EBIT for the first three quarters of 2024 was RMB 54.413 billion, an increase of RMB 21.177 billion, up 63.72% year-on-year[13] - Net profit for the first three quarters of 2024 was RMB 43.346 billion, an increase of RMB 17.343 billion, up 66.69% year-on-year[13] - EBIT for Q3 2024 was RMB 29.757 billion, an increase of RMB 21.229 billion, up 248.93% year-on-year[13] - Net profit for Q3 2024 was RMB 24.091 billion, an increase of RMB 17.770 billion, up 281.12% year-on-year[13] - The company's EBIT margin for the first nine months of 2024 improved to 28.95%, up 7.87 percentage points year-over-year[21] - Net profit for the first nine months of 2024 reached RMB 39,103,185 thousand, a significant increase from RMB 21,569,407 thousand in the same period of 2023[21] - Container shipping business revenue increased by 28.47 billion RMB (32.16%) to 116.99 billion RMB in the first nine months of 2024 compared to the same period in 2023[22] - EBIT rose by 16.22 billion RMB (91.32%) to 33.99 billion RMB, with EBIT margin increasing by 8.99 percentage points to 29.06%[22] - Net profit surged by 12.21 billion RMB (99.72%) to 24.46 billion RMB in the first nine months of 2024[22] - Total revenue for the first three quarters of 2024 reached RMB 174.74 billion, a 29.8% increase compared to RMB 134.62 billion in the same period of 2023[31] - Net profit for the first three quarters of 2024 was RMB 43.35 billion, up 66.7% from RMB 26.00 billion in the same period of 2023[32] - COSCO Shipping Holdings' comprehensive income for the first three quarters of 2024 reached RMB 42.59 billion, a significant increase from RMB 29.35 billion in the same period of 2023[33] - The company's basic earnings per share (EPS) for the first three quarters of 2024 were RMB 2.38, up from RMB 1.37 in the same period of 2023[33] - Operating profit for the first nine months of 2024 was 4,937,827,401.61, up from 2,314,454,874.92 in the same period of 2023[41] - Net profit for the first nine months of 2024 was 4,944,202,451.76, compared to 2,206,635,363.79 in the same period of 2023[41] - Total comprehensive income for the first nine months of 2024 was 5,006,979,187.38, up from 2,213,125,175.77 in the same period of 2023[41] Assets and Liabilities - Total assets as of Q3 2024 were RMB 488.72 billion, a 5.65% increase from the end of the previous year[4] - Total liabilities as of September 30, 2024, amounted to RMB 217.62 billion, a slight decrease from RMB 219.22 billion at the end of 2023[29] - Total equity as of September 30, 2024, increased to RMB 271.10 billion, up 11.4% from RMB 243.35 billion at the end of 2023[30] - Unallocated profits as of September 30, 2024, stood at RMB 161.05 billion, a 19.4% increase from RMB 134.92 billion at the end of 2023[30] - Long-term loans as of September 30, 2024, decreased to RMB 28.35 billion, down 13.4% from RMB 32.74 billion at the end of 2023[29] - Total assets as of September 30, 2024, amounted to RMB 488.72 billion, a 5.7% increase from RMB 462.57 billion at the end of 2023[30] - Monetary funds increased by 8.49 billion RMB (4.66%) to 190.84 billion RMB as of September 30, 2024[26] - Total assets grew by 26.15 billion RMB (5.65%) to 488.72 billion RMB as of September 30, 2024[27] - The company's total assets as of September 30, 2024, amounted to RMB 14.87 billion, slightly down from RMB 15.12 billion at the end of 2023[37] - Long-term equity investments as of September 30, 2024, were RMB 72.66 billion, up from RMB 71.43 billion at the end of 2023[37] - Fixed assets decreased from 125,488.27 to 46,536.76 as of September 30, 2024[38] - Non-current assets totaled 73,527,785,994.98 as of September 30, 2024, compared to 72,198,734,500.05 at the end of 2023[38] - Total assets increased to 88,396,536,275.51 from 87,315,377,793.25 at the end of 2023[38] - Current liabilities surged to 8,833,074,493.72 from 409,556,857.04 at the end of 2023[38] - Total liabilities rose to 8,855,011,499.31 from 409,556,857.04 at the end of 2023[39] - Shareholders' equity decreased to 79,541,524,776.20 from 86,905,820,936.21 at the end of 2023[39] Cash Flow - Net cash flow from operating activities for the first three quarters of 2024 was RMB 51.69 billion, compared to RMB 20.52 billion in the same period of 2023[35] - Cash received from sales of goods and services in the first three quarters of 2024 amounted to RMB 170.95 billion, up from RMB 139.45 billion in the same period of 2023[34] - The company's cash and cash equivalents at the end of September 2024 stood at RMB 189.34 billion, compared to RMB 197.85 billion at the end of September 2023[36] - Net cash used in investing activities for the first three quarters of 2024 was RMB 15.49 billion, compared to RMB 13.79 billion in the same period of 2023[35] - Net cash used in financing activities for the first three quarters of 2024 was RMB 26.80 billion, a decrease from RMB 46.75 billion in the same period of 2023[35] - Operating cash flow for the first three quarters of 2024 was RMB 148,663,632.24, compared to a negative RMB 1,119,067,900.82 in the same period of 2023[42] - Investment cash flow for the first three quarters of 2024 was RMB 4,467,176,293.00, a decrease from RMB 8,778,350,043.12 in the same period of 2023[42] - Financing cash flow for the first three quarters of 2024 was negative RMB 4,168,265,136.35, an improvement from negative RMB 23,998,965,875.48 in the same period of 2023[42] - Net increase in cash and cash equivalents for the first three quarters of 2024 was RMB 446,806,738.99, compared to a negative RMB 16,338,831,581.12 in the same period of 2023[43] - Ending cash and cash equivalents balance for the first three quarters of 2024 was RMB 1,566,302,775.29, down from RMB 3,978,755,228.92 in the same period of 2023[43] Container Shipping Business - The company's container shipping business achieved significant growth in both volume and revenue due to increased demand and higher freight rates[7] - The company's container shipping business handled 19.0397 million TEUs in the first three quarters of 2024, a 9.07% increase year-on-year[14] - As of September 2024, the company operated a fleet of 528 container ships with a capacity of 3.2803 million TEUs[14] - The company's total freight volume for Q3 2024 reached 6,580,158 TEUs, an 8.58% increase year-over-year[15] - Cross-Pacific freight volume in Q3 2024 was 1,284,356 TEUs, up 19.70% compared to Q3 2023[15] - Asia-Europe (including Mediterranean) freight volume decreased by 11.88% in Q3 2024 to 979,978 TEUs[15] - China domestic freight volume in Q3 2024 was 1,333,648 TEUs, a 19.32% increase compared to Q3 2023[15] - International route revenue per TEU increased by $296 (26.98%) to $1,393.10 in the first nine months of 2024[22] - COSCO Shipping Lines' container shipping revenue grew by 3.88 billion USD (30.84%) to 16.48 billion USD in the first nine months of 2024[23] Revenue and Freight - The company's total revenue for Q3 2024 was RMB 67,361,507 thousand, a 79.78% increase year-over-year[17] - Cross-Pacific revenue in Q3 2024 surged 115.08% to RMB 22,090,080 thousand compared to Q3 2023[17] - Asia-Europe (including Mediterranean) revenue increased by 103.83% in Q3 2024 to RMB 16,103,816 thousand[17] - The company's total revenue in USD for Q3 2024 was USD 9,500,160 thousand, an 81.50% increase year-over-year[20] Share Repurchase - The company plans to repurchase 50 million to 100 million A shares at a price not exceeding RMB 20 per share, with an estimated repurchase amount of RMB 1 billion to RMB 2 billion[12] - The repurchase of A shares will be funded by a special loan from Bank of China Shanghai Branch and the company's own funds[12] - The company also plans to repurchase H shares under the general authorization granted by the 2023 Annual General Meeting[12] Shareholding Structure - China COSCO Shipping Group directly and indirectly holds 7.009619897 billion shares, accounting for 43.92% of the company's total shares as of September 30, 2024[9] Throughput and Port Operations - Total throughput of COSCO Shipping Ports increased by 7.08% to 107.27 million TEUs in the first nine months of 2024[24] - Yangtze River Delta region's throughput rose by 13.83% to 12.33 million TEUs in the first nine months of 2024[24] - Overseas region's throughput grew by 4.07% to 25.33 million TEUs in the first nine months of 2024[25] Research and Development - Research and development expenses for the first three quarters of 2024 were RMB 768.77 million, a 1.5% increase from RMB 757.18 million in the same period of 2023[31] Interest Income - Interest income for the first three quarters of 2024 was RMB 4.69 billion, a decrease of 18.0% from RMB 5.73 billion in the same period of 2023[31] Global Supply Chain and Competitiveness - The company's global supply chain resilience and competitiveness were enhanced through digital intelligence and green low-carbon initiatives[7] Return on Equity - Weighted average return on equity for Q3 2024 was 9.63%, an increase of 6.89 percentage points year-over-year[4]

8 October 2024 | 7:54AM HKT | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|-------|-------------------------------------------------------------------|----------------|----------------------------|------------------------------|-------| | | | | | | | | | | | | COSCO SH ...