Core Viewpoint - The company, China Merchants Energy Transportation Co., Ltd., will hold a joint performance briefing with China Merchants Nanjing Tanker Corporation on September 4, 2025, to discuss the 2025 semi-annual operating results and financial status, enhancing investor understanding of the shipping sector under China Merchants Group [1][2]. Group 1: Meeting Details - The performance briefing is scheduled for September 4, 2025, from 15:00 to 16:00 [2][3]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center, accessible via the website: http://roadshow.sseinfo.com/ [2][3]. - The format of the meeting will be an online text interaction, allowing for real-time communication with investors [2]. Group 2: Participation Information - Investors can log in to the Shanghai Stock Exchange Roadshow Center on September 4, 2025, to participate and ask questions [3]. - Questions can be submitted via email to ir@cmhk.com from August 28, 2025, until September 3, 2025, at 12:00 [3]. Group 3: Company Representatives - The meeting will feature key personnel including the company's General Manager Wang Yongxin, Independent Director Deng Huangjun, Chief Financial Officer Lou Dongyang, and Secretary of the Board Kong Kang [2].

Core Points - The company is proposing amendments to its governance structure to enhance operational compliance and efficiency [2] - The company plans to invest in the construction of two new 115,000-ton LR2 oil tankers to optimize its fleet capacity and improve operational capabilities [3][4] - A share buyback plan is proposed to enhance investor returns and confidence, with the intention to cancel the repurchased shares [6][8] Group 1: Governance Amendments - The company intends to revise its independent director work system, related party transaction decision-making system, fundraising management measures, and cumulative voting implementation details [2] - These revisions are in accordance with the latest regulations and the company's actual situation [2] Group 2: New Vessel Construction - The total investment for the new vessels is not to exceed 1.09 billion yuan, including tax [3] - The vessels will be built by Dalian Shipbuilding Industry Company and will meet international environmental standards [3] - Each vessel is expected to generate a net profit of approximately 24.91 million yuan per year, with an internal rate of return of 6.90% and a payback period of 13.89 years [3][4] Group 3: Share Buyback Plan - The company plans to repurchase shares using its own funds, with a total amount not less than 250 million yuan and not exceeding 400 million yuan [6][8] - The repurchase price will not exceed 4.32 yuan per share, which is 150% of the average trading price over the previous 30 trading days [8] - The repurchased shares will be canceled to reduce registered capital, and the company seeks authorization from the shareholders to execute this plan [9]

Core Viewpoint - The company has announced a share buyback plan approved by its board of directors, detailing the shareholding status of its top shareholders as of August 22, 2025 [1] Group 1: Share Buyback Announcement - The board of directors of the company convened on August 22, 2025, to approve the share buyback proposal through centralized bidding [1] - The details of the share buyback plan were disclosed in a prior announcement published on August 25, 2025, in various financial newspapers and on the Shanghai Stock Exchange website [1] Group 2: Shareholding Information - The announcement includes the shareholding information of the top ten shareholders as of August 22, 2025, including their names, share quantities, and ownership percentages [2] - The top ten unrestricted shareholders' information is also provided, detailing their share quantities and the proportion of total circulating shares [2]

证券代码：601975 证券简称：招商南油 公告编号：临 2025-023 投资者可于 2025 年 8 月 28 日（星期四）至 9 月 3 日（星期三）12:00 前通过 公司邮箱 irm@cmhk.com 进行提问。公司将在业绩说明会上对投资者普遍关注的问题进 行回答。 招商局南京油运股份有限公司（以下简称"公司"）已于 2025 年 8 月 25 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年 度经营成果、财务状况，也为了增进投资者对招商局集团旗下航运板块的了解，本 公司拟联合招商局集团旗下航运板块另一上市公司招商局能源运输股份有限公司 （601872.SH）（以下简称"招商轮船"）于 2025 年 9 月 4 日 15:00-16:00 举行"招 商轮船、招商南油 2025 年半年度联合业绩说明会"，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络文字互动形式召开，公司将针对 2025 年半年度的经营成 果及财务指标的具体情况与投资者进行互动交流，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。 招商局南京油运股份有限公司 关于 ...

序 号 股东名称 持股数量（股） 占股份总数 的比例（%） 1 中国长江航运集团有限公司 1,440,017,683 29.99 2 中国工商银行股份有限公司南京下关支行 137,847,870 2.87 3 中国太平洋人寿保险股份有限公司－传统 －普通保险产品 95,180,603 1.98 4 王景青 88,126,276 1.84 5 香港中央结算有限公司 73,891,670 1.54 6 中国建设银行股份有限公司江苏省分行 42,546,743 0.89 7 中国太平洋财产保险股份有限公司－传统 －普通保险产品－013C－CT001 沪 42,499,913 0.89 8 张素芬 42,200,000 0.88 一、2025 年 8 月 22 日前十名股东持股信息 证券代码：601975 证券简称：招商南油 公告编号：临 2025-024 招商局南京油运股份有限公司 关于回购股份事项前十大股东和前十大无限售条件股东 持股情况的公告 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。 招商局南京油运股份有限公司（以下简称" ...

Financial Performance - The company reported a net profit of 570 million yuan for the first half of 2025, a decrease of 53.28% year-on-year [1] - Total operating revenue was 2.772 billion yuan, down 21.43% compared to the same period last year [1] - The gross profit margin fell to 26.2%, a decline of 26.67% year-on-year, while the net profit margin decreased to 20.82%, down 40.18% [1] Key Financial Metrics - Earnings per share (EPS) dropped to 0.12 yuan, a decrease of 53.12% year-on-year [1] - Operating cash flow per share was 0.21 yuan, down 33.84% compared to the previous year [1] - The company's total liabilities decreased by 41.35% to 821 million yuan [1] Changes in Financial Items - Prepayments increased by 64.91% due to higher ship insurance and port fees [3] - Other current assets decreased by 94.48% due to a reduction in deductible input tax [3] - Long-term borrowings decreased by 42.52% as a result of repayment [5] Investment Insights - The company's return on invested capital (ROIC) was 16.54%, indicating strong capital returns [7] - Analysts expect the company's performance in 2025 to reach 1.329 billion yuan, with an average EPS forecast of 0.28 yuan [7] Fund Holdings - The largest fund holding the company is the Guotai Zhongzheng Oil and Gas Industry ETF, with a scale of 189 million yuan [8] - The fund's net value increased by 0.65% on August 25, with a year-on-year increase of 10.46% [8]

Core Viewpoint - The stock price of China Merchants Energy Shipping Company (招商南油) has decreased slightly, reflecting challenges in its financial performance as indicated by its recent half-year report [1] Financial Performance - The company reported a revenue of 2.772 billion yuan for the first half of 2025, representing a year-on-year decline of 21.43% [1] - The net profit attributable to shareholders was 570 million yuan, down 53.28% compared to the previous year [1] Stock Activity - The stock price closed at 2.98 yuan, down 0.01 yuan from the previous trading day, with an intraday high of 3.02 yuan and a low of 2.96 yuan [1] - The trading volume reached 755 million yuan [1] Share Buyback Plan - The company announced a share buyback plan using its own funds, with a total amount between 250 million and 400 million yuan, and a maximum buyback price of 4.32 yuan per share [1] Company Overview - China Merchants Energy Shipping Company is a subsidiary of China Merchants Group, specializing in the transportation of crude oil, refined oil, chemicals, and gases [1] - The company currently operates 74 vessels with a total deadweight tonnage of 2.8461 million tons [1]

Group 1 - On August 22, a total of 3,713 stocks in the A-share market received financing funds, with 625 stocks having a buying amount exceeding 100 million yuan [1] - The top three stocks by financing buying amount were Dongfang Caifu, SMIC, and ZTE, with amounts of 4.002 billion yuan, 3.517 billion yuan, and 3.11 billion yuan respectively [1] - Five stocks had financing buying amounts accounting for over 30% of the total transaction amount on that day, with Guangzhou Port, China Merchants Jinling, and Shanying International leading at 38.22%, 36.22%, and 32.44% respectively [1] Group 2 - There were 48 stocks with a net financing buying amount exceeding 100 million yuan, with SMIC, ZTE, and Northern Rare Earth ranking the highest at 921 million yuan, 915 million yuan, and 790 million yuan respectively [1]

Group 1 - On August 22, a total of 3,713 stocks in the A-share market received financing funds, with 625 stocks having a buying amount exceeding 100 million yuan [1] - The top three stocks by financing buying amount were Dongfang Caifu, SMIC, and ZTE, with amounts of 4.002 billion yuan, 3.517 billion yuan, and 3.11 billion yuan respectively [1] - Five stocks had financing buying amounts accounting for over 30% of the total transaction amount on that day, with Guangzhou Port, China Merchants Jinling, and Shanying International ranking highest at 38.22%, 36.22%, and 32.44% respectively [1] Group 2 - There were 48 stocks with a net financing buying amount exceeding 100 million yuan, with SMIC, ZTE, and Northern Rare Earth leading at 921 million yuan, 915 million yuan, and 790 million yuan respectively [1]

Core Insights - The company aims to become a global leader in small to medium-sized liquid cargo transportation services, emphasizing governance as a foundation for sustainable development [2][6] - The company is committed to enhancing its ESG (Environmental, Social, and Governance) strategies, integrating them into its operational framework to create long-term value for stakeholders [3][4] Company Overview - The company, established in 1993 and listed in 1997, specializes in oil tanker transportation and is a key player in the domestic and international liquid cargo market [2][3] - It operates a fleet of 75 vessels with a total deadweight tonnage of 2.858 million tons, focusing on crude oil, refined oil, chemical products, and gas transportation [2][3] ESG Strategy - The company has developed a comprehensive ESG framework centered on responsibility, green development, and creating a better life, which is integrated into its corporate strategy [3][4] - It has established a governance structure that includes a board of directors and specialized committees to oversee ESG initiatives and ensure compliance with relevant regulations [4][6] Environmental Management - The company is committed to reducing its environmental impact by implementing energy-saving measures and transitioning to cleaner energy sources, including the use of approximately 1,500 tons of biofuels in the reporting year [2][4] - It has set up specialized committees to enhance its environmental management capabilities and has developed a "dual carbon" strategic plan to address climate change [2][4] Social Responsibility - The company prioritizes employee welfare, providing support to 63 employees in need and organizing various cultural and sports activities to enhance employee engagement [2][3] - It actively participates in community development initiatives, including consumption assistance and employment support, contributing to rural revitalization efforts [2][3] Governance and Risk Management - The company emphasizes strong governance practices, conducting regular evaluations of its board and enhancing transparency and effectiveness in its governance processes [2][4] - It integrates ESG risks into its overall risk management framework, ensuring that potential risks are identified and addressed proactively [4][6]