Core Points - The Greek decision on November 27 allows the American company Onex to acquire 40 hectares of land at Elefsina Port, expanding its operations from shipbuilding to logistics and defense, which is strategically located near the Chinese-operated Piraeus Port [1][2] - Greek Development Minister Takis' statement about strengthening strategic cooperation with the U.S. is seen as a move to counter China's influence in the Mediterranean, indicating a geopolitical calculation behind the economic transformation [1][2] Group 1: Economic Implications - Greece's economy has been struggling due to a debt crisis, and the Elefsina shipyard was on the brink of bankruptcy before Onex's acquisition, which brought in $125 million in financing [2] - The expansion aims to transform the port into an energy hub and create jobs through defense and logistics operations, reflecting Greece's strategy to leverage foreign investment for development [2][4] Group 2: Strategic Risks - The competition and security risks posed by Chinese operations at Piraeus Port are highlighted, as Elefsina Port's proximity to military bases could allow the U.S. to monitor Chinese activities, creating potential operational challenges for Chinese investments [2][3] - The U.S. aims to establish a network of Mediterranean ports, including Elefsina, Volos, and Alexandroupolis, to limit Chinese influence in Southern Europe, which could complicate future Chinese acquisitions in Europe [3][5] Group 3: Geopolitical Dynamics - The U.S. strategy involves using capital to gain control over Greek port resources while simultaneously establishing military and logistics capabilities to counter China in the Mediterranean [5][6] - The Greek parliament's unanimous support for the port deal reflects the political pressure from the U.S., as Greece, being a NATO member, relies heavily on American military and security support [5][6] Group 4: Comparative Analysis - In contrast to Greece's cautious approach, Italy has embraced Chinese investment in its ports, leading to significant growth in port throughput, showcasing a different strategy in handling foreign investments [5][6] - The U.S. port strategy in the Mediterranean not only targets China but also aims to replace Russia's energy influence, particularly in the context of the Alexandroupolis port [6][9] Group 5: Future Considerations - The key for China lies in deepening cooperation with Piraeus Port and other Mediterranean countries to avoid being encircled by U.S. port investments, emphasizing the importance of strategic partnerships [6][9] - The ongoing geopolitical maneuvering in the Mediterranean reflects broader global power dynamics, with implications for the Belt and Road Initiative and regional economic cooperation [9]

（文章来源：证券时报网） 中远海控回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.12.01 | 94.50 | 13.620 | 13.240 | 1276.19 | | 2025.11.28 | 300.00 | 13.370 | 13.220 | 3978.25 | | 2025.11.27 | 141.00 | 13.350 | 13.180 | 1870.22 | | 2025.11.26 | 300.00 | 13.460 | 13.250 | 3993.31 | | 2025.11.25 | 300.00 | 13.480 | 13.380 | 4030.37 | | 2025.11.24 | 300.00 | 13.560 | 13.410 | 4035.00 | | 2025.11.21 | 300.00 | 13.630 | 13.430 | 4058.95 | | 2025.11.20 | 300.00 | 13.930 | 13.660 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 第 2 頁 共 8 頁 v 1.3.0 公司名稱： 中遠海運控股股份有限公司 呈交日期： 2025年12月1日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01919 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | | | | 每股發行/出售價 (註4) | ...

格隆汇12月1日丨中远海控(01919.HK)发布公告，2025年12月1日耗资1276.2万港元回购94.5万股，回购 价格每股13.24-13.62港元。 ...

中远海控（601919）(01919)发布公告，于2025年12月1日该公司斥资1276.19万港元回购94.5万股，回购 价格为每股13.24-13.62港元。 ...

智通财经APP讯，中远海控(01919)发布公告，于2025年12月1日该公司斥资1276.19万港元回购94.5万 股，回购价格为每股13.24-13.62港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 第 2 頁 共 8 頁 v 1.3.0 | 13). | 購回股份(擬註銷但截至期終結存日期尚未註銷) | 3,000,000 | 0.1042 % | HKD | 13.68 | | --- | --- | --- | --- | --- | --- | | | 變動日期 2025年11月18日 | | | | | | 14). | 購回股份(擬註銷但截至期終結存日期尚未註銷) | 3,000,000 | 0.1042 % | HKD | 13.87 | | | 變動日期 2025年11月19日 | | | | | | 15). | 購回股份(擬註銷但截至期終結存日期尚未註銷) | 3,000,000 | 0.1042 % | HKD | 13.78 | | | 變動日期 2025年11月20日 | | | | | | 16). | 購回股份(擬註銷但截至期終結存日期尚未註銷) | 3,000,000 | 0.1042 % | HKD | 13.53 | | | 變動 ...

Core Viewpoint - The A-share market has seen a strong performance in the port and shipping sector, with notable gains in stocks such as China Merchants Energy Shipping and COSCO Shipping Energy, driven by a significant increase in the Baltic Dry Index [1] Group 1: Market Performance - China Merchants Energy Shipping reached its historical high, hitting the daily limit up [1] - COSCO Shipping Energy rose over 5%, while COSCO Shipping Specialized Carriers increased by 4% [1] - China Merchants South Oil saw an increase of over 3% [1] Group 2: Baltic Dry Index - The Baltic Dry Index rose by 80 points or 3.2% to 2560 points, marking the highest level since December 2023 [1] - This increase represents the 12th consecutive day of growth, with a weekly increase of 12.5% [1] Group 3: Individual Stock Performance - China Merchants Energy Shipping (601872) had a daily increase of 8.74% and a total market capitalization of 77.4 billion [2] - COSCO Shipping Energy (600026) increased by 5.88% with a market cap of 69.9 billion [2] - COSCO Shipping Specialized Carriers (600428) rose by 4.03%, valued at 19.8 billion [2] - China Merchants South Oil (601975) saw a 3.21% increase, with a market cap of 15.5 billion [2]

Core Viewpoint - The stock of China COSCO Shipping Holdings Co., Ltd. has shown a mixed performance in recent trading sessions, with a slight increase on December 1, 2023, and a year-to-date price increase of 7.19% [1] Group 1: Stock Performance - As of December 1, 2023, the stock price rose by 2.05% to 14.91 CNY per share, with a trading volume of 617 million CNY and a turnover rate of 0.33%, resulting in a total market capitalization of 230.95 billion CNY [1] - Year-to-date, the stock has increased by 7.19%, with a 0.54% increase over the last five trading days, a 1.84% decrease over the last 20 days, and a 1.29% increase over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, the company reported a revenue of 167.60 billion CNY, a year-on-year decrease of 4.09%, and a net profit attributable to shareholders of 27.07 billion CNY, down 29.00% year-on-year [2] - The company has distributed a total of 119.28 billion CNY in dividends since its A-share listing, with 99.62 billion CNY distributed over the last three years [3] Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders increased to 425,300, reflecting a rise of 17.75% from the previous period [2] - Major shareholders include China Securities Finance Corporation, holding 374 million shares, and Hong Kong Central Clearing Limited, which reduced its holdings by 222 million shares to 219 million shares [3]

Core Insights - The report by Zhiyan Consulting highlights a significant decline in China's metal container production, with a year-on-year decrease of 28.7% in September 2025 and a cumulative decline of 11% for the first nine months of 2025 [1]. Industry Overview - According to the National Bureau of Statistics, the production volume of metal containers in China reached 21.69 million cubic meters in September 2025, indicating a substantial drop compared to previous years [1]. - The cumulative production for the first nine months of 2025 was reported at 184.962 million cubic meters, reflecting a downward trend in the industry [1]. Market Research - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in comprehensive industry research reports, business plans, feasibility studies, and customized services [2]. - The firm emphasizes its commitment to providing in-depth industry insights and solutions to empower investment decisions [2].