Group 1 - The China Securities State-Owned Enterprises Dividend Index (000824) decreased by 0.17% as of September 23, 2025, with Nanjing Bank (601009) leading the gains at 4.30% [1] - The People's Bank of China announced on September 19 that it would adjust the 14-day reverse repurchase operations to a fixed quantity and interest rate bidding, which aims to enhance liquidity management [1] - Analysts from Galaxy Securities believe this adjustment will improve the pricing mechanism of interest rates and enhance liquidity management efficiency, giving larger state-owned banks a competitive edge over smaller banks [1][2] Group 2 - The China Securities State-Owned Enterprises Dividend Index consists of 100 listed companies selected for their high and stable cash dividend yields, reflecting the overall performance of high-dividend state-owned enterprises [2] - As of August 29, 2025, the top ten weighted stocks in the index accounted for 16.84% of the total index, including companies like COSCO Shipping Holdings (601919) and Jizhong Energy (000937) [2] - The National State-Owned Enterprises Dividend ETF (159515) closely tracks the performance of the index, providing investors with exposure to high-dividend state-owned enterprises [2]

Core Viewpoint - The construction of major transportation projects, such as the He-Ruo Railway, is significantly enhancing regional economic development and improving connectivity in China, particularly in remote areas like Xinjiang [1][5]. Group 1: Transportation Infrastructure Development - The He-Ruo Railway, built by China Railway Construction Corporation, has transformed the previously inaccessible Taklamakan Desert region into a vital economic corridor, ending the history of no train access for five counties [1]. - The railway construction faced extreme challenges, with 460 kilometers traversing a desert with no water, electricity, or roads, showcasing the engineering capabilities of state-owned enterprises [1][2]. - The introduction of innovative construction techniques, such as the "bridge instead of road" approach, has significantly reduced transportation distances by over 1,000 kilometers [2]. Group 2: Investment and Economic Impact - From 2021 to 2024, state-owned enterprises (SOEs) completed fixed asset investments totaling 19 trillion yuan, with an average annual growth rate of 6.3% [5]. - The opening of the He-Ruo Railway has reduced transportation costs for local products by over 20%, boosting tourism and local economies [15]. - The completion of the Changtai Yangtze River Bridge has drastically cut travel time between Changzhou and Taizhou from 1 hour and 20 minutes to approximately 20 minutes, enhancing local connectivity [4][15]. Group 3: Technological Innovation - SOEs are leading in technological advancements, with the introduction of the world's largest diameter shield tunneling machine and innovations in high-speed rail technology, such as the development of high-speed train wheels that improve performance [9][11]. - The use of advanced construction methods and equipment has resulted in significant time savings in infrastructure projects, with some urban subway construction periods reduced by 1 to 2 years [9][11]. - SOEs have been involved in 22 major national technology projects, contributing to the development of key products in the manufacturing sector [13]. Group 4: Future Outlook - The investment focus of SOEs is expected to shift towards high-quality development, optimizing multi-modal transportation structures, and integrating smart and green technologies into infrastructure [7]. - The ongoing development of transportation infrastructure is anticipated to further enhance economic opportunities and improve the quality of life for citizens [17].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 中遠海運控股股份有限公司 COSCO SHIPPING Holdings Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1919） 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 以中文隨附之海外監管公告乃本公司於二零二五年九月二十二日在上海證券交易 所的網站( www.sse.com.cn )上以中文發佈的《中遠海運控股股份有限公司關於股票 期權激勵計劃限制行權期間的提示性公告》。 承董事會命 中遠海運控股股份有限公司 公司秘書 肖俊光 中華人民共和國，上海 二零二五年九月二十二日 於本公告日期，本公司董事為萬敏先生（董事長）、張峰先生 1 （副董事長）、 1 陶衛東先生 1 、朱濤先生 1 、徐飛攀先生 1 、余德先生 2 、馬時亨教授 3 、沈抖先生 3 及 奚治月女士 3 。 1 執行董事 2 非執行董事 3 獨立非執行董 ...

证券代码：601919 证券简称：中远海控 公告编号：2025-046 中远海运控股股份有限公司 关于股票期权激励计划限制行权期间的提示性公告 | 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。 | 中远海运控股股份有限公司（以下简称"公司"）股票期权激励 计划首次授予期权第三个行权期为 2023 年 6 月 5 日至 2026 年 6 月 2 日，预留授予期权第三个行权期为 2024 年 5 月 29 日至 2027 年 5 月 28 日。 根据公司《股票期权激励计划（二次修订稿）》和中国证券登记 结算有限责任公司上海分公司关于股票期权自主行权的相关规定，结 合公司2025年中期利润分配实施计划及2025年第三季度报告披露计 划等安排，公司股票期权激励计划本次限制行权期间为 2025 年 9 月 26 日（周五）至 2025 年 10 月 30 日（周四），在此期间全部激励对 象限制行权；2025 年 10 月 31 日（周五）将恢复行权。 特此公告。 中远海运控股股份有限公司董事会 2025 年 9 ...

2025 中期報告 二零二五年中報 目 錄 頁次 2 公司資料 未經審核中期財務資料 76 中期財務資料審閱報告 4 財務摘要 5 管理層討論及分析 23 董事和高級管理人員 25 其他資料 41 未經審核中期簡明綜合資產負債表 43 未經審核中期簡明綜合利潤表 44 未經審核中期簡明綜合全面收益表 45 未經審核中期簡明綜合權益變動表 47 未經審核中期簡明綜合現金流量表 48 未經審核中期簡明綜合財務資料附註 公司資料 | 一 、 | 本公司資訊 | | --- | --- | | 中文名稱 | 中遠海運控股股份有限公司（「本公司」、「公司」或「中遠海控」） | | 中文名稱簡稱 | 中遠海控 | | 外文名稱 | COSCO SHIPPING Holdings Co., Ltd. | | 外文名稱縮寫 | COSCO SHIP HOLD | | 法定代表人 | 萬敏 | | 註冊地址 | 中華人民共和國（「中國」）天津自貿試驗區（空港經濟區）中心大道與東七道交口遠 | | | 航商務中心12號樓二層 | | 註冊地址的郵政編碼 | 300461 | | 辦公地址 | 中國上海市東大名路658號8樓 | ...

Core Viewpoint - The shipping stocks have experienced significant declines due to weak demand for container shipping exports from China, leading to a continued adjustment in freight rates across various routes [1] Group 1: Stock Performance - China COSCO Shipping Energy Transportation (600026) saw a drop of 7.07%, trading at HKD 9.07 [1] - Seaspan Corporation (01308) declined by 5.61%, with shares at HKD 28.92 [1] - Orient Overseas International (00316) fell by 4.12%, priced at HKD 128.1 [1] - China COSCO Shipping Holdings (601919) decreased by 3.98%, trading at HKD 13.27 [1] Group 2: Market Conditions - The Shanghai Shipping Exchange reported a 14.3% decrease in the Shanghai Export Container Freight Index, which is now at 1198.21 points [1] - European routes are facing weak demand growth, resulting in declining spot market booking prices [1] - North American routes have seen a decrease in demand since early September, leading to a significant drop in spot market booking prices [1] - The Persian Gulf route is also experiencing weak demand, with freight rates continuing to adjust downward [1] - The Australia-New Zealand route shows stable demand, but market rates are still on a downward trend [1] - South American routes are under pressure due to weak demand growth, causing a continued decline in spot market booking prices [1]

Core Viewpoint - The U.S. Trade Representative's Office (USTR) has proposed comprehensive sanctions against the Chinese shipping industry, which may lead to significant disruptions in the global shipping market [3]. Group 1: USTR Sanctions Proposal - The USTR plans to impose high port fees on Chinese shipping companies, shipbuilders, and any shipowners with Chinese shipbuilding orders starting from October 14, 2025 [3][4]. - This action is perceived as an escalation of the U.S. systematic suppression of the Chinese shipping industry [3]. Group 2: COSCO's Response - COSCO Shipping Container Lines has communicated to its customers that while the new fees may pose challenges, the company remains confident in its U.S. route network and will continue to provide reliable and high-quality logistics solutions [4]. - The company emphasizes its commitment to adapting its product structure to meet the evolving demands of the U.S. market while maintaining competitive freight rates and surcharges [4].

| | | 沪指9月19日下跌0.30%，申万所属行业中，今日上涨的有16个，涨幅居前的行业为煤炭、有色金属， 涨幅分别为1.97%、1.19%。交通运输行业今日上涨0.65%。跌幅居前的行业为汽车、医药生物，跌幅分 别为1.94%、1.41%。 资金面上看，两市主力资金全天净流出587.33亿元，今日有8个行业主力资金净流入，有色金属行业主 力资金净流入规模居首，该行业今日上涨1.19%，全天净流入资金8.72亿元，其次是传媒行业，日涨幅 为0.49%，净流入资金为6.92亿元。 主力资金净流出的行业有23个，计算机行业主力资金净流出规模居首，全天净流出资金107.23亿元，其 次是汽车行业，净流出资金为79.29亿元，净流出资金较多的还有机械设备、电力设备、医药生物等行 业。 交通运输行业今日上涨0.65%，全天主力资金净流入6.57亿元，该行业所属的个股共127只，今日上涨的 有81只，涨停的有2只；下跌的有41只。以资金流向数据进行统计，该行业资金净流入的个股有68只， 其中，净流入资金超亿元的有5只，净流入资金居首的是南京港，今日净流入资金2.49亿元，紧随其后 的是申通快递、中远海控，净流入资金分 ...

Group 1 - The shipping sector saw an increase of 0.83% as of the market close on September 19, ranking sixth among concept sectors, with 55 stocks rising [1] - Notable gainers in the shipping sector included Jiufeng Energy, Nanjing Port, and Huapengfei, which rose by 8.09%, 6.52%, and 5.72% respectively [1] - The stocks with the largest declines were Liaogang Co., Rongfa Nuclear Power, and COSCO Shipping Development, which fell by 3.21%, 2.21%, and 1.89% respectively [1] Group 2 - The shipping sector attracted a net inflow of 391 million yuan, with 44 stocks receiving net inflows, and six stocks exceeding 50 million yuan in net inflow [2] - Nanjing Port led the net inflow with 249 million yuan, followed by COSCO Shipping Holdings, Jushen Co., and COSCO Shipping Energy, which had net inflows of 123 million yuan, 113 million yuan, and 103 million yuan respectively [2] - The net inflow ratios for Nanjing Port, Jushen Co., and China Merchants Port were 34.00%, 21.85%, and 14.87% respectively [3] Group 3 - The trading volume and turnover rates for key stocks in the shipping sector showed significant activity, with Nanjing Port having a turnover rate of 14.39% and a trading volume of approximately 248.87 million yuan [3] - Other notable stocks included COSCO Shipping Holdings with a turnover rate of 0.64% and a trading volume of approximately 122.94 million yuan, and Jushen Co. with a turnover rate of 24.34% and a trading volume of approximately 113.30 million yuan [3][4] - The overall performance of the shipping sector reflects a mix of strong gainers and notable losers, indicating varied investor sentiment within the sector [1][2]

Group 1 - The concept of the Russia-Ukraine conflict saw an increase of 0.76%, ranking 10th among concept sectors, with 46 stocks rising, including Tongguang Co. and Kaimete Gas reaching the daily limit [1] - Notable gainers in the sector included Jiufeng Energy, Donghua Energy, and Xinjiang Torch, which rose by 8.09%, 4.38%, and 4.03% respectively [1] - The top decliners were Shengli Co., Shennong Seed, and Fengmao Co., which fell by 2.72%, 2.40%, and 2.38% respectively [1] Group 2 - The Russia-Ukraine conflict concept sector attracted a net inflow of 1.085 billion yuan, with 35 stocks receiving net inflows, and 5 stocks exceeding 50 million yuan in net inflows [2] - Kaimete Gas led the net inflow with 670 million yuan, followed by Huayou Cobalt, COSCO Shipping Holdings, and COSCO Energy with net inflows of 449 million yuan, 123 million yuan, and 103 million yuan respectively [2] - The net inflow ratios for Kaimete Gas, COSCO Energy, and Tongguang Co. were 24.35%, 12.97%, and 12.91% respectively [3] Group 3 - The top stocks in the Russia-Ukraine conflict concept sector based on net inflow included Kaimete Gas, Huayou Cobalt, and COSCO Shipping Holdings, with respective daily price changes of 10.02%, 1.96%, and 1.29% [4] - Other notable stocks included Donghua Energy with a 4.38% increase and Xinjiang Torch with a 4.03% increase [7] - The overall market performance showed a mixed trend with various sectors experiencing both gains and losses [2][5]