证券代码：601919 证券简称：中远海控 公告编号：2024-040 中远海运控股股份有限公司 股票期权激励计划2024年第三季度自主行权结果 暨股份变动公告 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： 1、本次行权股票数量：2024年第三季度，公司股票期权激励计 划激励对象行权且完成股份过户登记的行权股票数量合计为74,155 股。 2、本次行权股票上市流通时间：采用自主行权模式，激励对象 行权所得股票于行权日（T日）后的第二个交易日（T+2）日上市交 易。 2024 年第三季度，中远海运控股股份有限公司（简称"公 司"）股票期权激励计划激励对象行权且完成股份过户登记的 行权股票数量合计为 74,155 股。具体说明如下： 一、股票期权激励计划已履行的决策程序及相关信息披露 2018年12月至2020年7月期间，按照《中华人民共和国公司法》、 《上海证券交易所股票上市规则》等法律法规的有关规定，公司董 事会、监事会及股东大会分别审议通过了公司《股票期权激励计划》 并实施了股票期权激励计划首次授予及预留期 ...

Investment Rating - The report maintains a **Neutral** rating for COSCO SHIPPING Holdings (601919.SS) with a 12-month price target of Rmb13.80 for A-shares and HK$10.70 for H-shares [1][2][4] Core Views - COSCO SHIPPING Holdings reported a strong 9M24 net profit of Rmb38bn, up 73% YoY, accounting for 87% of the full-year Bloomberg consensus of Rmb43bn [1] - Q3 net profit surged 286% YoY and 110% QoQ to Rmb21.3bn, driven by higher contract rates for Europe routes due to rerouting amid the Red Sea disruption [1][3] - The company's new pricing strategy, which includes more floating adjustments on contract rates, contributed to the earnings beat [1][3] - The FY24 dividend yield of 8.8%/12.0% for A/H-shares is attractive, trading above its historical average [1] Financial Performance - Revenue for 12/24E is projected at Rmb230.3bn, with EBITDA expected to reach Rmb74.2bn [2] - EPS for 12/24E is forecasted at Rmb2.62, with a P/E ratio of 6.0x [2] - The company's net debt/EBITDA ratio is expected to improve to -1.5x by 12/24E [2] Industry and Market Context - The average SCFI (Shanghai Containerized Freight Index) for Europe and Med routes increased by 308% YoY and 86% from March-May, reflecting higher freight rates [1][3] - The Red Sea disruption has led to longer voyage times, delaying revenue recognition for Europe routes, with Q3 revenue reflecting freight rates from June to August [1][3] - Fuel costs, historically 15-20% of total opex, decreased by 2% QoQ in Q3, contributing to higher profits [3] Valuation and Risks - The 12-month price targets are based on 0.8x/1.1x FY25E target P/BV multiples, above historical averages, reflecting higher ROE expectations due to supply chain complexity [7] - Upside risks include unexpected events reducing effective capacity and potential special dividend payouts [7][8] - Downside risks include faster-than-expected new ship deliveries and weaker-than-expected global trade demand [7][8] Freight Rate Analysis - The SCFI Comprehensive index stood at 2,135 as of 27-Sep-24, with Europe and Med routes showing significant YoY increases of 279% and 242%, respectively [6] - US West Coast and East Coast freight rates also saw substantial YoY growth, at 265% and 140%, respectively [6]

Financial Performance - EBIT for the first three quarters of 2024 reached approximately RMB 54.414 billion, a 63.72% increase year-over-year[2] - Net profit for the first three quarters of 2024 was approximately RMB 43.34 billion, a 66.67% increase year-over-year[2] - Net profit attributable to shareholders for the first three quarters of 2024 was approximately RMB 38.121 billion, a 72.72% increase year-over-year[2] - EBIT for Q3 2024 was approximately RMB 29.758 billion, a 248.95% increase year-over-year[2] - Net profit for Q3 2024 was approximately RMB 24.084 billion, a 281.03% increase year-over-year[2] - Net profit attributable to shareholders for Q3 2024 was approximately RMB 21.251 billion, a 285.66% increase year-over-year[2] Business Operations - The company's container shipping business achieved both volume and price increases in Q3 2024 due to the peak season in major European and American routes[4] - The company's performance was driven by moderate growth in cargo volume and tight global supply chain conditions influenced by the Red Sea situation[4] Strategic Initiatives - The company continues to focus on digital intelligence and green low-carbon initiatives to enhance global supply chain resilience[5]

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: 2024年9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: 中遠海運控股股份有限公司 呈交日期: 2024年10月3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) | 01919 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,199,780,000 | RMB | | 1 | RMB | | 3,199,780,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 3,199,780,000 | RMB | | 1 | RMB | | 3,199,780,000 | | 2 ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 101,201,055 thousand, an increase of 10.19% compared to RMB 91,842,797 thousand in the same period of 2023[9]. - The net profit attributable to equity holders of the company for the same period was RMB 16,870,080 thousand, up from RMB 16,560,637 thousand, reflecting an increase of RMB 309,443 thousand[9]. - The company's operating profit for the reporting period was RMB 19,051,460 thousand, an increase of RMB 921,988 thousand from RMB 18,129,472 thousand in the previous year[10]. - Basic earnings per share for the reporting period were RMB 1.05, compared to RMB 1.03 in the same period last year[10]. - The company achieved operating revenue of RMB 101,201,055 thousand in the first half of 2024, an increase of RMB 9,358,258 thousand, representing a growth of 10.19% compared to the same period last year[25]. - The net profit for the six months ended June 30, 2024, was RMB 19,255,367 thousand, compared to RMB 19,675,781 thousand for the same period in 2023, indicating a decrease of about 2.1%[134]. - The total comprehensive income for the period was RMB 19,768,129 thousand, down from RMB 24,177,186 thousand, indicating a decline in overall profitability[133]. Operational Metrics - The company achieved a container throughput of 12,459,500 TEUs, representing a year-on-year growth of 9.34%[11]. - The total throughput of the terminal business reached 69,858,500 TEUs, with a year-on-year increase of 8.19%[11]. - The total container shipping volume for the group reached 12,459,543 TEUs, representing a year-on-year increase of 9.34%[62]. - The total container throughput for the first half of 2024 was 69,858,501 TEUs, representing an 8.19% increase compared to the same period last year[74]. - The company operates 275 international routes and 55 coastal routes in China, with a total of 616 ports in approximately 145 countries and regions[18]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period amounted to RMB 172,350,000 thousand, with a net cash inflow from operating activities of RMB 22,638,000 thousand during the period[11]. - The net cash flow from operating activities was RMB 22,638,496 thousand, showing a significant increase of RMB 9,376,890 thousand, or 70.71% year-on-year[26]. - Operating cash flow for the six months ended June 30, 2024, was RMB 22,638,496 thousand, significantly higher than RMB 13,261,606 thousand in the previous year, reflecting an increase of approximately 70.8%[137]. - The company’s cash and cash equivalents totaled RMB 172,350,141 thousand, a decrease of RMB 8,763,175 thousand, or 4.84% from the end of the previous year[41]. Investments and Capital Expenditures - The company holds 29 new shipbuilding orders with a total capacity of nearly 570,000 TEU, supporting sustainable high-quality development[17]. - The group’s capital commitments for constructing container ships amounted to RMB 28,682,434 thousand as of June 30, 2024[55]. - The group’s investment in terminals has capital commitments totaling RMB 3,710,048 thousand, with fixed asset procurement commitments of RMB 3,571,966 thousand[55]. - The company’s investment activities resulted in a net cash outflow of RMB 10,356,232 thousand for the first half of 2024, compared to RMB 12,273,283 thousand in the same period of 2023, indicating a decrease in cash outflow by approximately 15.6%[137]. Shareholder Returns - The company plans to distribute a mid-year cash dividend of RMB 0.52 per share, totaling approximately RMB 8.3 billion, which represents 49.20% of the net profit attributable to equity holders for the first half of 2024[12]. - The interim cash dividend for 2024 is set at RMB 0.52 per share, totaling approximately RMB 8.3 billion, which represents 49.20% of the net profit attributable to shareholders for the first half of 2024[124]. - The company declared dividends amounting to RMB 3,670,925 thousand to its shareholders during the first half of 2024, compared to RMB 22,476,653 thousand in the same period of 2023, showing a significant reduction in dividend payouts[135]. Debt and Liabilities - The asset-liability ratio decreased by approximately 2.5 percentage points to 44.9% compared to the beginning of the period[11]. - As of June 30, 2024, total assets were RMB 467,117,979 thousand, an increase of RMB 4,688,598 thousand, or 1.01% from the end of the previous year[46]. - The total liabilities decreased to RMB 209,687,682 thousand, down RMB 9,522,227 thousand, or 4.34% compared to the end of the previous year[46]. - The group’s long-term borrowings as of June 30, 2024, were RMB 32,685,577 thousand, a decrease from RMB 40,859,399 thousand as of December 31, 2023[47]. - The group’s short-term borrowings as of June 30, 2024, were RMB 2,406,305 thousand, slightly down from RMB 2,417,519 thousand as of December 31, 2023[47]. Corporate Governance and Management - The company is committed to maintaining high standards of corporate governance, which is considered essential for operational success and enhancing shareholder value[118]. - The company has established an audit committee to review financial reporting processes and internal controls, ensuring the accuracy and completeness of financial statements[117]. - The company appointed new senior management, including the appointment of Zhu Tao as Deputy General Manager on June 21, 2024[81]. - Mr. Yang Zhijian voluntarily resigned as General Manager effective May 29, 2024, and Mr. Tao Weidong was appointed as the new General Manager[84]. Strategic Initiatives - The company continues to enhance its core competitiveness and service brand upgrade while promoting high-quality development[10]. - The company is focusing on digital intelligence and green low-carbon initiatives to strengthen global supply chain resilience[10]. - The company aims to innovate in supply chain ecology, smart interconnectivity, and green low-carbon initiatives to enhance service quality and shareholder value[15]. - The company is actively expanding its global layout and optimizing its service network to capture new growth opportunities in emerging markets[18]. Market and Customer Engagement - The company successfully launched 30 combination products, covering over 90 countries and regions, with supply chain revenue outside of shipping reaching RMB 19.893 billion, a year-on-year increase of 17.28%[14]. - In the first half of 2024, the company conducted 153 investor meetings, engaging with 1,711 investors through various communication channels[127]. - The top five customers accounted for RMB 3,937,646 thousand in sales, representing 3.89% of total sales during the reporting period[28]. Environmental and Sustainability Efforts - The company achieved a 170% year-on-year increase in shore power usage in the first half of 2024, promoting sustainable practices[15]. - The company is focusing on digital transformation, leveraging AI technology to enhance operational efficiency and resource management[23]. - The company aims to enhance its global digital supply chain operations, focusing on green, low-carbon, and sustainable development[128].

证券代码：601919 证券简称：中远海控 公告编号：2024-038 中远海运控股股份有限公司 2024 年中期权益分派实施公告 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： 每股分配比例 A 股每股现金红利 0.52 元 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经中远海运控股股份有限公司（以下简称"本公司"或"公司"）2024 年 5 月 29 日的 2023 年年度股东大会授权，并经公司 2024 年 8 月 29 日的第七届董事会第七次 会议审议通过。 二、 分配方案 1. 发放年度：2024 年中期 2. 分派对象： 截至股权登记日（2024 年 10 月 9 日）下午上海证券交易所收市后，在中国证券登记结 算有限责任公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | -- ...

Group 1: Financial Performance - From 2021 to 2023, the company distributed a total cash dividend of RMB 806 billion, with major shareholder China Ocean Shipping Group increasing its stake by RMB 48.83 billion [1] - In the first half of 2024, the container business achieved a cargo volume of 12.4595 million TEUs, a year-on-year increase of 9.34% [3] - The total throughput of the terminal business reached 69.8585 million TEUs, up 8.19% year-on-year [3] - The company reported operating revenue of RMB 101.201 billion, a year-on-year growth of 10.19% [3] - Net profit attributable to shareholders was RMB 16.87 billion, an increase of RMB 3.09 billion year-on-year [3] - As of June 2024, the company's debt-to-asset ratio decreased by approximately 2.5 percentage points to 44.9% compared to the beginning of 2024 [3] Group 2: Share Buyback and Dividends - In February 2024, the company repurchased and canceled 215 million A-shares and H-shares, reaching the maximum limit to avoid triggering mandatory offers under Hong Kong regulations [2] - The company plans to distribute a total cash dividend of approximately RMB 83 billion as part of its 2024 interim profit distribution plan [2] - The record date for A-shares is October 9, 2024, and for H-shares, it is October 8, 2024 [2] Group 3: Market Outlook and Strategy - The global economy is showing signs of slow recovery, with cautious optimism in the container shipping market despite challenges such as geopolitical tensions and increased compliance costs [2] - The company aims to enhance supply chain resilience and core competitiveness by focusing on both traditional and new digital and green low-carbon sectors [3] - The company has opened 550 sea-rail intermodal transport channels to improve global trade connectivity [4] Group 4: Digital Supply Chain and Innovation - In the first half of 2024, the company achieved supply chain revenue of RMB 19.893 billion, a year-on-year increase of 17.28% [4] - The company has launched 30 combined products covering over 90 countries and regions, enhancing the diversity of global supply chain offerings [4] - The company is committed to building a digital supply chain service ecosystem centered on container shipping, ports, and related logistics [4] Group 5: Environmental Initiatives - The company is actively promoting green and low-carbon transformation in its fleet and terminals, aligning with global environmental regulations [4] - In 2024, the company is constructing 12 methanol dual-fuel vessels and has signed contracts for the retrofitting of 8 vessels [4] - The use of shore power increased by 170% in the first half of 2024, reflecting the company's commitment to sustainable practices [4]

FF301 公司名稱: 中遠海運控股股份有限公司 呈交日期: 2024年9月3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) | 01919 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,199,780,000 | RMB | | 1 | RMB | | 3,199,780,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 3,199,780,000 | RMB | | 1 | RMB | | 3,199,780,000 | 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: 2024年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 | 2. ...

中远海控（601919.SH） 优于大市 中期分红回报股东，下半年业绩值得期待 中远海控公布 2024 年中报，Q2 业绩表现优异。中远海控发布 2024 年半年度 报告，2024H1 实现营业收入 1012.0 亿元，同比增长 10.19%；实现归母净利 润 168.7 亿元，同比增长 1.87%。其中 Q2 公司实现营业收入 529.3 亿元，同 比增长 19.0%；实现归母净利润 101.2 亿元，同比增长 7.23%。 红海危机刺激需求，上半年实现量价齐升。上半年中远海控集装箱运输量同 比增长 9.3%，其中美线/欧线/亚洲区域航线货量同比+8.5%/-14.9%/+12.9%。 美线和亚洲区域需求强劲，但是欧线由于绕行导致的运输时间延长，导致数 据口径有所变化，表观增速明显下滑。具体来看，中远海运集运的表现明显 优于东方海外，上半年中远海运集运和东方海外货量同比分别增长 12.7%和 2.1%。价格方面，公司平均单箱运价同比增长 4.4%，分航线来看，美线/欧 线单箱运价同比增长 23.5%/26.7%，类似于运输量的表现，中远海运集运上 半年经营数据更为亮眼，中远海运集运平均单箱运价同比上涨 4. ...

Investment Rating - The report maintains a "Recommendation" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [18]. Core Views - The company reported a net profit of 10.1 billion yuan in Q2 2024, reflecting a year-on-year increase of 7% and a quarter-on-quarter increase of 50% [1]. - The average CCFI index for H1 2024 was 1365 points, up 34.8% year-on-year, indicating strong shipping rates amid geopolitical disturbances [1]. - The company is expected to benefit from high shipping rates in the short term and is viewed positively for its long-term profitability and transformation into an end-to-end logistics provider [1]. Financial Performance Summary - **Revenue and Profit**: In H1 2024, the company achieved revenue of 101.2 billion yuan, a 10.2% increase year-on-year, and a net profit of 16.9 billion yuan, up 1.9% year-on-year [1]. - **Q2 Performance**: Q2 2024 revenue was 52.9 billion yuan, a 19% increase year-on-year, with a net profit of 10.1 billion yuan, reflecting a 49.7% increase quarter-on-quarter [1]. - **Shipping Rates**: The average CCFI for Q2 2024 was 1439 points, up 11.5% quarter-on-quarter and 53.4% year-on-year [1]. Shipping Business Summary - **Revenue**: The shipping business generated 50.9 billion yuan in Q2 2024, a 19.6% increase year-on-year [1]. - **Container Volume**: The container volume for Q2 2024 was 6.43 million TEU, representing an 8.2% year-on-year increase [1]. - **Revenue per Box**: The average revenue per container in Q2 2024 was 1032 USD/TEU, a 10.4% increase year-on-year [1]. Terminal Business Summary - **Revenue**: The terminal business reported revenue of 2.71 billion yuan in Q2 2024, a 5.5% increase year-on-year [1]. - **Throughput**: The total throughput for Q2 2024 was approximately 36.6 million TEU, a 6.8% increase year-on-year [1]. Dividend and Fleet Expansion - The company announced a mid-term dividend plan, proposing a cash dividend of 0.52 yuan per share, totaling approximately 8.3 billion yuan, which is about 49.2% of the net profit for H1 2024 [1]. - The company has ordered 12 new 14,000 TEU methanol dual-fuel container ships, with a total cost of approximately 15.3 billion yuan, expected to be delivered between May 2027 and March 2029 [1].