Core Insights - The shipping and port sector experienced a 1.02% increase on September 19, with Nanjing Port leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Nanjing Port (002040) closed at 10.29, up 6.52% with a trading volume of 699,100 shares and a transaction value of 732 million yuan [1] - Ningbo Maritime (600798) closed at 4.06, up 3.57% with a trading volume of 875,900 shares and a transaction value of 359 million yuan [1] - Lianyungang (601008) closed at 5.88, up 2.44% with a trading volume of 533,000 shares and a transaction value of 315 million yuan [1] - China COSCO Shipping Energy (600026) closed at 12.77, up 2.32% with a trading volume of 1,627,600 shares and a transaction value of 796 million yuan [1] - An Tong Holdings (600179) closed at 3.71, up 2.20% with a trading volume of 921,800 shares and a transaction value of 345 million yuan [1] Capital Flow - The shipping and port sector saw a net inflow of 464 million yuan from main funds, while retail funds experienced a net outflow of 296 million yuan [2] - The main funds' net inflow for Nanjing Port was 230 million yuan, accounting for 31.48% of the total, while retail funds had a net outflow of 104 million yuan [3] - China COSCO Shipping Energy had a main fund net inflow of 111 million yuan, representing 13.98% of the total, with a retail fund net outflow of 126 million yuan [3]

Core Viewpoint - The U.S. is implementing new fees on Chinese ships, which will significantly impact Cosco Shipping and its operations, yet the company is committed to maintaining service reliability and competitive rates [1][2][3]. Group 1: New Fees and Financial Impact - The U.S. Trade Representative will charge Chinese vessel operators an extra $50 per net ton starting October 14, 2023, with additional fees increasing to $140 per net ton by 2028 [1]. - Cosco Shipping and its subsidiary, Orient Overseas Container Line (OOCL), are projected to pay $2.1 billion in fines in 2026, which could reduce Cosco's revenue forecasts by 5.3% and erode 74% of consensus earnings forecasts [4]. Group 2: Company Response and Strategy - Cosco Shipping reassured customers of stable and reliable services despite the operational challenges posed by the new fees, emphasizing its commitment to maintaining service quality and capacity [2]. - The company is actively enhancing its product portfolio to adapt to the evolving demands of the U.S. market, although specific changes were not detailed [2]. - OOCL is looking to expand its business opportunities in Southeast Asia and South America in response to the anticipated impact of the fees [5]. Group 3: Operational Details - All approximately 70 vessels deployed by Cosco on trans-Pacific services were built in China, with 18% of total cargo volume, including OOCL, being utilized on the trans-Pacific trade lane in the first half of 2025 [6].

Core Viewpoint - The forum held during the London Shipping Week highlighted China's advancements in green, intelligent, and sustainable shipping solutions, showcasing the country's commitment to the industry's dual transformation and global influence [1][2]. Group 1: Company Initiatives - China COSCO Shipping Group presented an integrated green intelligent supply chain solution that encompasses the entire shipping, port, and logistics industry chain [1]. - Over one-third of the newly added vessels by the group are of new energy types, and the company is enhancing operational efficiency through blockchain and artificial intelligence technologies [1]. - The group initiated a green shipping energy fund and a carbon footprint certification platform to accelerate the application of green fuels and achieve global emission reduction targets [1]. Group 2: Industry Standards and Practices - China Classification Society showcased its latest explorations in green and digital fields, including the establishment of over 30 green and digital ship standards and the construction of a digital twin platform for smart ships [1]. - The society emphasized the benefits of creating an open and shared technological ecosystem for all maritime stakeholders globally [1]. - The China Shipbuilding Industry Association noted that China has accumulated replicable experiences in green shipbuilding, smart ship research and development, and green fuel supply, providing strong support for building a "zero-carbon shipping community" [1]. Group 3: Collaborative Efforts - During the forum, industry leaders discussed enhancing cooperation between China and the UK, as well as between China and Europe, focusing on areas such as green fuel research, smart ship demonstrations, carbon footprint certification, and talent training [3]. - Plans were announced to unveil the first batch of collaborative results at the 2026 Shanghai Maritime Exhibition [3].

Core Insights - The report by Zhiyan Consulting highlights a significant decline in China's metal container production, with a projected output of 24.51 million cubic meters in July 2025, representing a year-on-year decrease of 17.4% [1] - Cumulatively, from January to July 2025, the total production of metal containers in China reached 141.298 million cubic meters, marking a decline of 4.6% compared to the previous year [1] Industry Overview - The data is sourced from the National Bureau of Statistics, indicating a downward trend in the metal container industry in China [2] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in comprehensive industry research and providing tailored consulting services [2]

中国—东盟客商共探产业智慧物流供应链发展新机遇 中新网南宁9月18日电 (记者 杨陈)9月17日，中国—东盟产业智慧物流供应链推介会在广西南宁举行。 作为第22届中国—东盟博览会投资贸易促进活动的核心环节，会议邀请了政府机构、航运、港口、物 流、贸易等重点企业、东南亚外贸企业等百余名代表齐聚一堂，共同探讨东盟产业智慧物流供应链的新 机遇、新发展。 图为推介会现场。主办方供图 当天，与会嘉宾在交流时表示，物流供应链是中国—东盟经贸合作的重要基石，智慧物流的创新应用正 在为区域经济一体化注入强劲动力。广西正全力支持央地企业通力合作，持续深化智慧物流协同创新， 推动区域供应链产业向更高效、更智能的方向发展，为中国—东盟经贸合作开辟更广阔的空间。 推介会上，围绕西部陆海新通道建设和数智化供应链，参会的北部湾港股份有限公司、新鑫海航运有限 公司、华南中远海运集装箱运输有限公司、广州远海汽车船运输有限公司、和易孚、广西中远海运物流 有限公司、广西远海陆海新通道供应链有限公司等企业，分别就智慧港口发展、航线网络布局、东盟跨 境电商全链物流方案、汽车船航线供应链产品、区块链技术赋能数字贸易及供应链通道服务产品等方面 展开讲解 ...

Group 1 - COSCO Shipping Holdings announced the establishment of a joint venture company, Shenzhen COSCO Shipping Smart Supply Chain Co., Ltd., with a total registered capital of RMB 1 billion [1] - The investment amounts from the parties involved are RMB 370 million from COSCO Shipping (Hong Kong), RMB 300 million from Guangzhou COSCO Shipping Logistics, RMB 230 million from Shenzhen Port Logistics Group, and RMB 100 million from China Communications Construction Company [1] - The joint venture will focus on various logistics services including loading and unloading, general warehousing, cold storage, international freight forwarding, and supply chain comprehensive services [1] Group 2 - COSCO Shipping Holdings aims to enhance its integrated supply chain operation system by focusing on container shipping, ports, and related logistics, driven by customer demand [2] - The project is expected to serve as a logistics hub for cargo around Yantian Port, providing high-standard warehouses and multifunctional logistics parks, thus supporting the integration of regional service and advanced manufacturing industries [2] - This initiative will strengthen the company's strategic layout in the Pearl River Delta region and serve as a core infrastructure for expanding digital supply chain business scale [2]

Market Overview - The electricity sector experienced a decline of 0.59% on the previous trading day, with Jiaze New Energy leading the drop [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Stock Performance - Notable gainers in the electricity sector included: - Hengtong Co., Ltd. (600226) with a closing price of 4.07, up 6.54% and a trading volume of 2.8267 million shares, totaling 1.147 billion yuan [1] - Hangzhou Thermal Power (605011) closed at 22.69, up 5.88% with a trading volume of 145,600 shares, totaling 330 million yuan [1] - Changqing Group (002616) closed at 7.24, up 4.62% with a trading volume of 386,000 shares, totaling 276 million yuan [1] - Conversely, significant decliners included: - Jiaze New Energy (6191919) closed at 4.42, down 5.15% with a trading volume of 2.068 million shares, totaling 926 million yuan [2] - Huami Environmental Energy (600475) closed at 17.00, down 4.92% with a trading volume of 475,900 shares, totaling 829 million yuan [2] - Shanghai Electric Power (600021) closed at 21.07, down 2.81% with a trading volume of 2.047 million shares, totaling 4.379 billion yuan [2] Capital Flow - The electricity sector saw a net outflow of 2.127 billion yuan from major funds, while retail investors contributed a net inflow of 1.566 billion yuan [2] - Specific stock capital flows included: - Luxiao Technology (002617) with a net inflow of 19.8 million yuan from major funds, but a net outflow of 36.984 million yuan from retail investors [3] - Hangzhou Thermal Power (605011) had a net inflow of 21.272 million yuan from major funds, while retail investors contributed a net inflow of 120,050 yuan [3]

Core Viewpoint - The article discusses the performance of the China Securities State-Owned Enterprises Dividend Index and the related ETF, highlighting the shift in investment logic from style-driven to stock-driven, with a focus on high-quality stocks in traditional high-dividend sectors [1][2]. Group 1: Market Performance - As of September 16, 2025, the China Securities State-Owned Enterprises Dividend Index (000824) decreased by 0.26% [1]. - The leading stocks included Huamao Logistics (603128) up by 2.76%, Jianfa Co. (600153) up by 2.08%, and Jinkong Coal Industry (601001) up by 1.83% [1]. - The National Enterprise Dividend ETF (159515) was adjusted to a latest price of 1.14 yuan, with an intraday turnover of 0.89% and a total transaction of 428,400 yuan [1]. Group 2: Investment Trends - The investment logic in the dividend sector is transitioning from style-driven to stock-driven, with traditional high-dividend industries like construction materials, coal, and steel seeing significant gains [2]. - The China Securities State-Owned Enterprises Dividend Index comprises 100 listed companies selected for their high cash dividend yields and stable dividends, reflecting the overall performance of high-dividend securities among 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 weight, with notable companies including COSCO Shipping Holdings (601919) and Jizhong Energy (000937) [2][4].

董事會宣佈，於二零二五年九月十五日，本公司的全資附屬公司中遠集運（香 港）與廣州中遠海運物流、深圳港物流集團及中交四航局共同訂立合資協議。 據此，訂約方同意共同成立合資公司，本公司全資附屬公司中遠集運（香港）的 出資金額為人民幣37,000萬元（相當於約40,511萬港元），廣州中遠海運物流、 深圳港物流集團及中交四航局的出資金額則分別為人民幣30,000萬元（相當於約 32,847萬港元）、人民幣23,000萬元（相當於約25,183萬港元）及人民幣10,000萬 元（相當於約10,949萬港元），全數計入合資公司註冊資本。 於完成合資公司的設立後，合資公司的註冊資本為人民幣100,000萬元（相當於 約109,490萬港元），其中，中遠集運（香港）、廣州中遠海運物流、深圳港物流 集團及中交四航局將分別持有合資公司的37%、30%、23%及10%股權；合資公 司將成為本公司的間接非全資附屬公司，其財務報表將會綜合併入本集團財務 報表。 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分內容而產生或因倚 賴該等 ...

Group 1 - Company announced a joint venture agreement involving its wholly-owned subsidiary, COSCO Shipping (Hong Kong), with Guangzhou COSCO Shipping Logistics, Shenzhen Port Logistics Group, and China Communications Construction Company, with a total registered capital of RMB 1 billion (approximately HKD 1.095 billion) [1] - The investment amounts from the parties include RMB 370 million (approximately HKD 405 million) from COSCO Shipping (Hong Kong), RMB 300 million (approximately HKD 328 million) from Guangzhou COSCO Shipping Logistics, RMB 230 million (approximately HKD 252 million) from Shenzhen Port Logistics Group, and RMB 100 million (approximately HKD 109 million) from China Communications Construction Company [1] - The joint venture will hold respective equity stakes of 37%, 30%, 23%, and 10% among the partners, and will be classified as an indirect non-wholly-owned subsidiary of the company [1] Group 2 - The company is focusing on building a digital supply chain investment and operation platform centered around container shipping, aiming to enhance the stability and reliability of global supply chains [2] - The project aims to establish a high-standard warehouse and a multifunctional logistics park near Yantian Port, providing integrated value-added services including cold storage, consolidation, customs supervision, and warehousing [2] - This initiative is expected to strengthen the company's strategic layout in the Pearl River Delta region and support the integration of service and advanced manufacturing industries, enhancing brand value and ensuring supply chain resilience [2]