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"公司"）于 2025年8月22日召开第十一届董事会第十二次会 议，审议通过了《关于以集中竞价交易方式回购股份的议案》，具体内容详见公司于2025年8月25日在 《中国证券报》《上海证券报》《证券时报》及上海证券交易所网站（www.sse.com.cn）披露的《招商 南油关于以集中竞价交易方式回购股份的预案》（临2025-021）。 本次回购股份事项将于2025年9月9 日提交公司2025年第二次临时股东会进行审议。 二、2025年9月3日前十名无限售条件股东持股信息 ■ 特此公告。 招商局南京油运股份有限公司董事会 2025年9月5日 根据中国证监会《上市公司股份回购规则》和《上海证券交易所上市公司自律监管指引第7号一一回购 股份》等有关规定，现将公司2025年第二次临时股东会股权登记日（2025年9月3日）登记在册的前十名 股东及前十名无限售条件股东的名称、持股数量、持股比例情况公告如下： 一、2025年9月3日前十名股东持股信息 ■ ...

Core Viewpoint - The companies are focusing on their respective market segments and do not plan to integrate their operations despite investor inquiries about potential consolidation [1] Group 1: Company Performance - In the first half of 2025, China Merchants Energy Shipping achieved a revenue of 2.772 billion yuan, a year-on-year decrease of 21.43%, and a net profit attributable to shareholders of 570 million yuan, down 53.28% [1] - The decline in performance is attributed to a significant drop in international refined oil freight rates and a decrease in asset disposal income [1][2] Group 2: Strategic Initiatives - China Merchants Energy Shipping plans to focus on building a global fleet primarily consisting of MR (Medium Range) vessels, with LR (Long Range) vessels as a supplement, to enhance its operational capabilities [2] - The company aims to consolidate its presence in the Far East and upgrade its fleet while establishing a global operational base to withstand cyclical fluctuations [2] Group 3: Shareholder Returns - The company announced a share repurchase plan, intending to buy back shares worth no less than 250 million yuan and no more than 400 million yuan, to reduce registered capital [2] - Due to historical losses and a negative retained earnings situation, the company is currently unable to distribute cash dividends, leading to the decision to repurchase shares instead [2] - Since 2020, the company has executed share buybacks three times, totaling 222 million shares and utilizing 550 million yuan in repurchase funds [2]

Group 1 - The core viewpoint of the news is the performance and strategic direction of China Merchants Energy Shipping Company (招商南油) and China Merchants Industry Holdings (招商轮船) in the shipping industry, particularly in response to market challenges and operational strategies [1][2][3] Group 2 - In the first half of 2025, China Merchants Energy Shipping reported a revenue of 2.772 billion yuan, a year-on-year decrease of 21.43%, and a net profit attributable to shareholders of 570 million yuan, down 53.28% [1] - The decline in performance is attributed to a significant drop in international refined oil freight rates and a decrease in asset disposal income [1] - The company plans to focus on building a global fleet primarily with Medium Range (MR) vessels and supplementing with Long Range (LR) vessels to enhance performance [2] Group 3 - China Merchants Energy Shipping announced a share repurchase plan, intending to buy back shares worth between 250 million yuan and 400 million yuan to reduce registered capital [2] - The company has a history of significant losses leading to a negative retained earnings situation, which has improved but remains at -1.269 billion yuan as of June 2025, thus not meeting conditions for cash dividends [2] - The management has prioritized investor returns through share buybacks instead of cash dividends, having repurchased a total of 222 million shares using 550 million yuan over the years [2] Group 4 - In contrast, China Merchants Industry Holdings has mitigated the downturn in the oil tanker and dry bulk shipping markets through diversified business operations, showing improved performance in the second quarter [3]

证券代码：601975 证券简称：招商南油 公告编号：临 2025-025 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 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 香港中央结算有限公司 64,296,802 1.34 5 张素芬 45,800,000 0.95 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 一、2025 年 9 月 3 日前十名股东持股信息 | 8 | 中国长城资产管理股份有限公司 | 41,725,762 | 0.87 | | --- | --- | --- | --- | | 9 | 中国人寿保险股份有限公司－传统－普通 | 38,420,000 | ...

Core Viewpoint - The shipping and port sector experienced a slight increase of 0.14% on September 4, with China Merchants South Oil leading the gains, while the overall market indices, Shanghai Composite and Shenzhen Component, saw declines of 1.25% and 2.83% respectively [1][2]. Group 1: Market Performance - The Shanghai Composite Index closed at 3765.88, down 1.25% [1]. - The Shenzhen Component Index closed at 12118.7, down 2.83% [1]. - The shipping and port sector stocks showed mixed performance, with notable gainers including: - China Merchants South Oil (601975) up 3.38% to 3.06 [1]. - Haitong Development (603162) up 2.84% to 9.05 [1]. - China Merchants Shipping (601872) up 2.25% to 6.82 [1]. Group 2: Trading Volume and Capital Flow - The trading volume for China Merchants South Oil reached 3.2613 million shares, with a transaction value of 984 million yuan [1]. - The shipping and port sector saw a net outflow of 97.51 million yuan from institutional investors and 138 million yuan from speculative funds, while retail investors contributed a net inflow of 235 million yuan [2][3]. - The individual stock capital flows indicated that: - China Merchants South Oil had a net inflow of 73.06 million yuan from institutional investors [3]. - China Merchants Shipping experienced a net outflow of 32.94 million yuan from speculative funds [3].

Group 1: Industry Overview - The oil shipping sector is currently undervalued, with companies showing resilience and dividend support, suggesting a focus on left-side opportunities and seasonal demand improvements [1] - Recent shipping price updates indicate a rebound in container shipping rates for the US routes, while European routes have declined. The SCFI index shows a week-on-week change of +17.0% for US routes and -11.2% for European routes [2] - The dry bulk shipping market has seen a strong recent increase in freight rates, with the BDI index up by 7.0% week-on-week, indicating potential demand improvements [2] Group 2: Company Focus - Companies such as COSCO Shipping Energy (中远海能), China Merchants Energy Shipping (招商轮船), and China Merchants Jinling (招商南油) are highlighted as key players to watch due to their potential for growth and dividend yields [1] - High-dividend private enterprises like Seaspan (海丰国际) and Zhonggu Logistics (中谷物流) are recommended for their short-term and long-term value propositions, particularly during the peak season in the second half of the year [1] - The small container ship supply in the Asian region is expected to remain tight, with only a 1-2% annual increase in supply over the next three years, while the proportion of older ships (over 25 years) is at 11.2% [3] Group 3: Market Dynamics - The average capacity of vessels in the Asian region is concentrated in larger global operators, with the top ten companies holding about 70% of the capacity share, indicating a high chartering ratio [3] - The deployment of vessels in Asia is primarily focused on larger ships (3,000 TEU and above), which creates a competitive landscape with companies like Seaspan focusing on smaller vessels for regional routes [3]

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].

招商局南京油运股份有限公司 招商局南京油运股份有限公司 时间：2025 年 9 月 9 日上午 9:30 地点：南京市中山北路 324 号油运大厦 16 楼会议室 主持人：丁磊董事长 会议议程 议案一：关于修订公司相关治理制度的议案 各位股东： 为了进一步完善公司治理结构，促进公司规范运作，公司根据《中 华人民共和国公司法（2023 年修订） 》《公司章程（2025 年修订） 》等法 律法规、规范性文件的最新规定，结合公司的实际情况，拟对《招商南 油独立董事工作制度》《招商南油关联交易决策制度》《招商南油募集 资金管理办法》和《招商南油累积投票制实施细则》进行修订。 公 司 已 于 2025 年 8 月 25 日 在 上 海 证 券 交 易 所 网 站 (www.sse.com.cn)披露上述四个制度文件。 请予审议。 招商局南京油运股份有限公司 董事会 议案二：关于新建两艘 11.5 万吨级 LR2 油轮的议案 各位股东： 为优化公司船队运力结构，改善船队运营能力，公司拟投资新建两 艘 11.5 万吨级 LR2 油轮。具体内容如下： 一、项目投资的主要内容 （一）项目基本情况：拟投资不超过 109,000 ...

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"公司"）于 2025 年 8 月 22 日 召开第十一届董事会第十二次会议，审议通过了《关于以集中竞价交易方式回购 股份的议案》，具体内容详见公司于 2025 年 8 月 25 日在《中国证券报》《上海 证券报》《证券时报》及上海证券交易所网站（www.sse.com.cn）披露的《招商 南油关于以集中竞价交易方式回购股份的预案》（临 2025-021）。 根据中国证监会《上市公司股份回购规则》和《上海证券交易所上市公司自 律监管指引第 7 号——回购股份》等有关规定，现将公司董事会公告回购股份决 议的前一个交易日（2025 年 8 月 22 日）登记在册的前十名股东及前十名无限售 条件股东的名称、持股数量、持股比例情况公告如下： 一、2025 年 8 月 22 日前十名股东 ...

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 ...