Core Viewpoint - Investing in high-dividend companies may be a direction to outperform the index in the short term, with a focus on state-owned enterprise dividend ETFs showing slight upward movement [1][2]. Group 1: ETF Performance - As of March 26, 2025, the China Securities State-Owned Enterprises Dividend Index (000824) decreased by 0.05%, with component stocks showing mixed performance [1]. - The State-Owned Enterprises Dividend ETF (159515) increased by 0.09%, with the latest price reported at 1.09 yuan [1]. - The latest scale of the State-Owned Enterprises Dividend ETF reached 51.1486 million yuan, marking a one-month high [2]. Group 2: Component Stocks - The top ten weighted stocks in the China Securities State-Owned Enterprises Dividend Index accounted for 15.22% of the index, with notable stocks including COSCO Shipping Holdings (601919) and Jizhong Energy (000937) [3]. - The performance of key stocks varied, with COSCO Shipping Holdings down by 0.68% and Shanxi Coal International up by 1.07% [5]. Group 3: Investment Strategy - East Asia Securities suggests that focusing on high-dividend companies based on fundamentals may lead to short-term outperformance [2]. - The report emphasizes the importance of monitoring market rhythm and industry progress, particularly in sectors like artificial intelligence and robotics, which are expected to see growth [2]. - Short-term investment opportunities are highlighted in marine economy, military industry, and consumer sectors with clear policy expectations [2].

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 公司名稱： 中遠海運控股股份有限公司 呈交日期： 2025年3月25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 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存 ...

Investment Rating - The investment rating for the company is "Buy" (Maintain) [1] Core Views - The report highlights a significant decline in revenue and profit for 2023, with a projected revenue of 175,448 million RMB, representing a year-on-year decrease of 55.14% [6] - A recovery is expected in 2024, with revenue forecasted to increase by 33.29% to 233,859 million RMB, and a substantial rise in net profit to 49,100 million RMB, reflecting a year-on-year growth of 105.78% [6] - The company is projected to face challenges in 2025, with revenue expected to drop by 19.09% to 189,223 million RMB and net profit declining by 45.62% to 26,702 million RMB [6] Financial Summary - The company's total market capitalization is approximately 233,040.62 million RMB, with a closing price of 14.60 RMB per share [4] - The total assets are projected to grow from 497,472 million RMB in 2024 to 542,838 million RMB by 2027 [8] - The company's debt-to-asset ratio stands at 42.70%, indicating a moderate level of leverage [4] - Earnings per share (EPS) is expected to fluctuate, with a forecast of 3.08 RMB in 2024, dropping to 1.67 RMB in 2025, and stabilizing around 1.36 RMB by 2027 [6][8]

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 公司名稱： 中遠海運控股股份有限公司 呈交日期： 2025年3月24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 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存 ...

交易活跃，高股息类资产或为防御策略。港股高股 息ETF(159302)盘中换手率9%。中远海控，粤海投 资，东方海外国际领涨 港股高股息ETF（159302）跟踪指数聚焦港股通范围内的高股息红利龙头，行业分布上主要集中于金 融、交运和能源行业，当前港股通高股息(HKD)指数近一年股息率达7.67%，全球降息背景下有望吸引 更多南向资金。 相关产品：港股高股息ETF(159302) Deepseek引发中国科技股估值重塑，但TMT板块业绩释放时点尚需等待，叠加此前TMT板块交易拥挤 度过高、AI应用端暂未出现现象级爆款，因此在财报披露期，仍需警惕TMT板块的高估值风险，部分 资金可能短期调仓至防守型的高股息板块。 截至2025年3月24日 13:39，中证港股通高股息投资指数(930914)上涨0.37%，成分股中远海控(01919)上 涨4.67%，粤海投资(00270)上涨2.28%，东方海外国际(00316)上涨2.18%，中国神华(01088)上涨1.91%， 农业银行(01288)上涨1.83%。港股高股息ETF(159302)上涨0.44%，最新价报1.14元，盘中成交额已达 1072.66万元，换 ...

Investment Rating - The report has downgraded the investment rating to "Accumulate" [5] Core Views - In 2024, the company achieved operating revenue of 233.86 billion RMB, a year-on-year increase of 33.3%, and a net profit attributable to shareholders of 49.1 billion RMB, a year-on-year increase of 105.8% [4] - The container shipping market experienced moderate growth in cargo volume, with the CCFI composite index averaging 1551 points in 2024, up 65.4% year-on-year [4] - The company plans to distribute a dividend of 1.03 RMB per share, representing approximately 50% of its net profit for 2024, resulting in a dividend yield of 11% [5] - The fleet structure is being optimized to adapt to emerging market trade developments, with a total capacity of 3.319 million TEU by the end of 2024, an increase of 9.1% from the beginning of the year [5] Summary by Relevant Sections Financial Performance - The company forecasts operating revenue for 2023 at 175.45 billion RMB, with a projected decline of 55.14% [3] - The net profit attributable to shareholders is expected to be 23.86 billion RMB in 2023, reflecting a decrease of 78.23% [3] - The diluted earnings per share for 2023 is estimated at 1.485 RMB [3] Market Analysis - The container shipping business saw a cargo volume of 25.939 million TEU in 2024, a year-on-year increase of 10.1% [4] - The average revenue per container for foreign trade routes was estimated at 1375 USD/TEU, up 30% year-on-year [4] Dividend and Share Buyback - The company has initiated a share buyback program, planning to repurchase between 50 million to 100 million shares at a price not exceeding 20 RMB per share [5] - The company has been included in multiple dividend indices, reflecting its sustainable return capability [5] Profit Forecast Adjustments - The net profit forecasts for 2025 and 2026 have been adjusted to 20 billion RMB and 14.1 billion RMB, respectively, with a new forecast for 2027 at 10.5 billion RMB [5]

Group 1 - The company, COSCO Shipping Holdings (01919), has announced the reappointment of Shinewing (HK) CPA Limited as its overseas auditor for the fiscal year 2025 [1] - The board of directors approved the resolution to reappoint Shinewing (HK) CPA Limited as the overseas auditor and Shinewing Certified Public Accountants (Special General Partnership) as the domestic auditor for the same period [1] - The audit fees for the overseas auditor for 2025 are set at RMB 7.803 million (including tax), while the fees for the domestic auditor are RMB 12.7 million (including tax) [1]

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue of COSCO SHIPPING Holdings was RMB 233,859,079,000, representing an increase of RMB 58,406,104,000 or 33.29% compared to the previous year[5]. - The profit attributable to equity holders of the company for the fiscal year was RMB 49,172,465,000, an increase of RMB 25,312,296,000 or 106.09% year-over-year[5]. - Basic and diluted earnings per share for the fiscal year were both RMB 3.08, compared to RMB 1.48 in the previous year[6]. - The total comprehensive income for the year was RMB 58,309,842,000, compared to RMB 30,810,001,000 in the previous year[7]. - Total revenue for the year ended December 31, 2024, was RMB 233,859,079, with container shipping contributing RMB 225,971,372 and terminal operations contributing RMB 10,809,999[22]. - The annual profit before tax amounted to RMB 67,086,756, with a net annual profit of RMB 55,592,667 after tax expenses of RMB 11,494,089[22]. - Total revenue for the year ended December 31, 2023, was RMB 175,452,975, with external revenue from container shipping at RMB 168,044,636[24]. - Operating profit for 2024 was RMB 59.02 billion, up from RMB 24.65 billion in 2023, marking an increase of 139.48%[51]. - Net profit attributable to shareholders reached RMB 49.17 billion in 2024, compared to RMB 23.86 billion in 2023, reflecting a growth of 105.73%[51]. Assets and Liabilities - Non-current assets increased to RMB 291,355,237,000 from RMB 259,991,093,000 year-over-year[10]. - Total assets amounted to RMB 497,472,214,000, up from RMB 462,570,620,000 in the previous year[10]. - The total equity attributable to equity holders of the company was RMB 234,668,063,000, compared to RMB 196,115,229,000 in the previous year[12]. - Total liabilities decreased to RMB 212,413,437,000 from RMB 219,219,595,000 year-over-year[12]. - The group's net cash position reached RMB 149,513,392 thousand after deducting total borrowings, an increase of RMB 11,624,870 thousand compared to the previous year[90]. - The total borrowings as of the end of 2024 amounted to RMB 34,675,686 thousand, down from RMB 43,276,918 thousand in 2023[92]. Cash Flow and Financial Management - The net cash flow from operating activities was RMB 69,312,919 thousand, an increase of RMB 46,729,090 thousand, representing a growth of 206.91%[86]. - The net cash outflow from investment activities was RMB 26,971,632 thousand, an increase of RMB 8,629,508 thousand compared to the previous year[87]. - The net cash outflow from financing activities was RMB 40,620,065 thousand, a decrease of RMB 19,409,105 thousand compared to the previous year[88]. - Cash and cash equivalents totaled RMB 184,189,078 thousand at the end of 2024, an increase of RMB 3,023,638 thousand, representing a growth of 1.67%[85]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 1.03 per ordinary share for the fiscal year 2024[5]. - The company plans to distribute a cash dividend of RMB 1.03 per share for 2024, totaling approximately RMB 16.13 billion, which is 50% of the net profit attributable to shareholders[39]. - A cash dividend of RMB 1.03 per share is proposed, totaling approximately RMB 161.31 billion, which represents about 50% of the net profit attributable to shareholders for 2024[125]. Operational Segments and Revenue Sources - The company's operational segments include container shipping, terminal operations, and other businesses, with the primary decision-makers being the executive directors[20]. - The operating profit for the container shipping business was RMB 57,485,633, while the terminal business reported an operating profit of RMB 1,714,476[22]. - Non-maritime supply chain revenue reached RMB 40.939 billion in 2024, representing a year-on-year growth of 18.09%[59]. - The total cargo volume of the group reached 25,939,273 TEUs in 2024, a year-on-year increase of 10.12%[110]. Strategic Initiatives and Future Outlook - The company plans to expand its operations in the Asia-Pacific region, with revenue from this area projected at RMB 55,207,874 for 2024[29]. - The company is focusing on green low-carbon transformation, with significant advancements in energy efficiency and renewable energy projects at its ports[63]. - The company aims to enhance its global network resources and optimize resource allocation to tap into emerging markets and regional opportunities[132]. - The company is actively pursuing digital transformation and innovation, leveraging big data and AI technologies to improve operational platforms[136]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance, having adopted a corporate governance code that aligns with best practices[143]. - The company has appointed Shinewing (HK) CPA Limited and Shinewing CPA (Special General Partnership) as its international and domestic auditors for the fiscal year ending December 31, 2024[155]. - The annual performance announcement contains historical data and does not guarantee future performance, with actual results potentially differing significantly from forward-looking statements[156].

股票简称：中远海控 股票代码：601919 公告编号：2025-011 中远海运控股股份有限公司 关于续聘会计师事务所的公告 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： 拟续聘的境内会计师事务所名称：信永中和会计师事务所（特殊普通合伙）， 拟续聘的境外会计师事务所名称：信永中和（香港）会计师事务所有限公司。 中远海运控股股份有限公司（以下简称"中远海控"、"公司"）第七届董 事会审核委员会第六次会议、第七届董事会第十四次会议及第七届监事会第七次 会议先后审议通过，拟续聘信永中和会计师事务所（特殊普通合伙）（以下简称 "信永中和"）为公司2025年度境内审计机构，续聘信永中和（香港）会计师事 务所有限公司（以下简称"信永中和香港"）为公司2025年度境外审计机构。本 事项尚需提交公司2024年年度股东大会审议批准。 一、拟续聘的境内会计师事务所的基本情况 （一）机构信息 1、基本信息 名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012 年 3 月 2 日 组织形式：特殊普通合伙企业 信永中和 20 ...

证券代码：601919 证券简称：中远海控 公告编号：2025-013 投资者可于 2025 年 4 月 8 日(星期二)至 4 月 14 日(星期一)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目 （ https://roadshow.sseinfo.com/preCallQa ） 、 通 过 公 司 邮 箱 investor@coscoshipping.com 或"中远海运控股"微信公众号后台进行提问。 中远海运控股股份有限公司（以下简称"公司"）已于 2025 年 3 月 21 日提 交披露了公司 2024 年年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经营成果、财务状况，公司计划于 2025 年 4 月 15 日(星期二)15:00-16:00 举行 2024 年度业绩说明会，就投资者关心的问题进行交流。现将有关事项公告 如下： 一、说明会类型 本次业绩说明会以上证路演中心网络互动形式召开，公司将针对 2024 年度 经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许 的范围内就投资者普遍关注的问题进行回答。 中远海运控股股份有限公司 关于召开20 ...