登录新浪财经APP 搜索【信披】查看更多考评等级 本次股票上市流通总数为1,336,440股。 ● 本次股票上市流通日期为2025年9月22日。 一、2023年限制性股票激励计划批准及实施情况 （一）2023年限制性股票激励计划已履行的相关程序 1、2023年7月27日，公司召开第三届董事会第二十六次会议，审议通过了《关于〈福建海通发展股份有 限公司2023年限制性股票激励计划（草案）〉及其摘要的议案》《关于〈福建海通发展股份有限公司 2023年限制性股票激励计划实施考核管理办法〉的议案》和《关于提请股东大会授权董事会办理2023年 限制性股票激励计划相关事宜的议案》，公司独立董事发表了同意的独立意见。 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为1,336,440股。 2、2023年7月27日，公司召开第三届监事会第十七次会议，审议通过《关于〈福建海通发展股份有限公 司2023年限制性股票激励计划（草案）〉及其摘要的议案》《关于〈福建海 ...

证券代码：603162 证券简称：海通发展 公告编号：2025-105 福建海通发展股份有限公司 关于 2023 年限制性股票激励计划首次授予第二个 解除限售期解除限售暨上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 1,336,440股。 本次股票上市流通总数为1,336,440股。 本次股票上市流通日期为2025 年 9 月 22 日。 一、2023 年限制性股票激励计划批准及实施情况 （一）2023 年限制性股票激励计划已履行的相关程序 1、2023 年 7 月 27 日，公司召开第三届董事会第二十六次会议，审议通过了 《关于<福建海通发展股份有限公司 2023 年限制性股票激励计划（草案）>及其摘 要的议案》《关于<福建海通发展股份有限公司 2023 年限制性股票激励计划实施 考核管理办法>的议案》和《关于提请股东大会授权董事会办理 2023 年限制性股 票激励计划相关事宜的议案》，公司独立董事发表了同意的独立意见。 6、2 ...

证券代码：603162 证券简称：海通发展 公告编号：2025-104 福建海通发展股份有限公司 关于对外担保进展的公告 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： 担保对象及基本情况 | | 被担保人名称 本次担保金额 | 不超过 1,058.25 | | | 大上海海运有限公司（以下简称"大上海海运"） 万美元。 | | --- | --- | --- | --- | --- | --- | | 担保 | 实际为其提供的担保余 | 截至 年 | 2025 | 9 | 月 9 日，公司及子公司暂未对大上海 | | 对象 | 额 | 海运提供过担保。 | | | | | | 是否在前期预计额度内 | 是 | □否 | | □不适用：_________ | | | 本次担保是否有反担保 | 是 | ☑否 | | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） 无 | | | --- | --- | | 截至本公告日上市公司及其控股 | 306,467.93 万元（不含本 ...

Summary of Haitong Development Conference Call Company Overview - Haitong Development controls 72 bulk carriers with a total capacity of 4.84 million deadweight tons, ranking 10th in China and 34th globally, with a 9th position in the supermax category [2][5] - The company primarily focuses on time chartering, covering global routes across five continents, transporting various cargo types including iron ore, coal, and grain [2] Industry Insights - The dry bulk market is characterized by strong price volatility, but long-term demand is expected to grow, with a compound annual growth rate (CAGR) of approximately 4.29% from 2000 to 2024 [2][6] - The Baltic Dry Index (BDI) is significantly influenced by the Capesize index, but smaller vessels are less affected by single factors due to their diverse cargo capabilities [2][7] - China's iron ore imports are steadily increasing, with Guinea's Simandou iron ore project expected to significantly boost shipping demand due to its longer transport distance compared to Australia [8] - China's coal import demand is robust, with a projected CAGR of 24.85% from 2022 to 2024, driven by the reliance on thermal power generation [9][10] - Grain imports are expected to remain stable despite a decreasing dependency, supported by a large population base [11] Financial Performance - Haitong Development's revenue has shown strong growth, increasing from 670 million yuan in 2019 to an expected 3.66 billion yuan in 2024, with a CAGR of 53% [16] - The company's foreign trade business has significantly increased, constituting 67.29% of total revenue as of Q1 2025 [16] - Despite a 64.14% decline in net profit due to falling freight rates and increased maintenance costs, the company anticipates a recovery in profitability in the second half of the year [17][18] Market Trends and Projections - The global dry bulk fleet is at a historical high but is aging, with an average age of 12.75 years and 27.64% of vessels over 15 years old [14][15] - Limited new capacity is expected to improve supply-demand dynamics, providing fundamental support for the industry [15] - The company is expected to maintain a low valuation relative to historical averages, with a current price-to-book (PB) ratio of 2.005, below its historical mean of 2.337 [19] Future Outlook - Revenue from domestic transport is expected to remain stable, while foreign business growth will depend on the acquisition of additional vessels [20] - Projections for revenue in 2025, 2026, and 2027 are 3.871 billion yuan, 4.182 billion yuan, and 4.525 billion yuan, respectively, with corresponding net profits of 341 million yuan, 547 million yuan, and 668 million yuan [20] - The company maintains a buy rating based on its growth potential and current valuation metrics [20]

Group 1 - The company has provided guarantees to support its subsidiaries' business operations, including a performance guarantee of up to $2.3882 million to ADM INTERNATIONAL SARL and a guarantee for fixed and floating rental payments not exceeding $19.68 million to Tianjin Xinyu No.1 Ship Leasing Co., Ltd [2][9][10] - The total guarantee limit for the company and its subsidiaries has been increased to a maximum of $480 million and 150 million RMB for the year 2025, following approvals from the board and shareholders [4][15] - As of September 1, 2025, the total guarantee balance provided by the company and its subsidiaries amounts to 2.9104852 billion RMB, representing 70.66% of the company's latest audited net assets [15] Group 2 - The company has approved the first exercise period for its stock option and restricted stock incentive plan, allowing 13 eligible participants to exercise a total of 345,000 stock options starting from September 15, 2025 [18][19] - The adjusted exercise price for the stock options is set at 6.41 RMB per share, following previous adjustments [30][28] - The company has completed necessary approvals and disclosures related to the stock option plan, ensuring compliance with relevant laws and regulations [31][32]

Core Viewpoint - Haitong Development announced that the company and its controlling subsidiaries have no other external guarantee matters, no overdue external guarantees, and no external guarantees involved in litigation or losses due to guarantee judgments [2] Summary by Relevant Categories - **External Guarantees** - The company confirmed that there are no other external guarantee matters [2] - There are no overdue external guarantees [2] - There are no external guarantees involved in litigation [2] - The company has not been judged to bear losses due to guarantees [2]

证券代码：603162 证券简称：海通发展 公告编号：2025-102 福建海通发展股份有限公司 关于公司 2024 年股票期权与限制性股票激励计划 预留授予第一个行权期自主行权实施公告 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： 福建海通发展股份有限公司（以下简称"公司"或"海通发展"）于 2025 年 8 月 22 日召开了第四届董事会第二十九次会议，审议通过了《关于公司 2024 年股票 期权与限制性股票激励计划预留授予第一个行权期行权条件成就的议案》，公司董 事会认为公司 2024 年股票期权与限制性股票激励计划（以下简称"激励计划"）股 票期权预留授予第一个行权期行权条件已成就，公司董事会同意符合条件的激励对 象进行股票期权行权，预留授予第一个行权期可行权人员合计 13 名，可行权数量合 计 34.50 万份。 （一）已履行的相关审批程序和信息披露情况 一、本激励计划批准及实施情况 股票期权拟行权数量：34.50 万份 行权股票来源：公司向激励对象定向发行公司 A 股普通股股票 行权起始日：202 ...

证券代码：603162 证券简称：海通发展 公告编号：2025-103 福建海通发展股份有限公司 关于对外担保进展的公告 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： 担保对象及基本情况 | DAI | AN | OCEAN | SHIPPING | PTE. | LTD. | 被担保人名称 | （以下简称"DAI | AN"） | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 本次担保金额 | 不超过 | 万美元。 | 238.82 | 担保 | | | | | | | | | | 实际为其提供的担保 | 截至 | 年 | 月 | 日，公司及子公司暂未对 | 2025 | 9 | 1 | DAI | AN | 对象 | 余额 | 提供过担保。 | | 一 | 是否在前期预计额度 | 是 | □否 | □不适用：_________ | | | | | | | | | | 内 ...

Investment Rating - The report maintains a "Buy" recommendation for the oil tanker sector and dry bulk sector, highlighting potential opportunities in both areas [3][24]. Core Insights - The VLCC freight rates have continued to rise, with the Clarkson VLCC-TCE index reaching $56,000 on September 5, marking a week-on-week increase of 34% [1][10]. - The report emphasizes the elasticity of oil tanker rates as the market approaches the peak season, driven by expected OPEC+ production increases and recovering refinery utilization rates [19][20]. - The dry bulk market is anticipated to gradually recover, supported by low supply growth and potential demand increases from upcoming projects and economic factors [23]. Summary by Sections Focus on Oil Tankers and Dry Bulk Opportunities - VLCC freight rates have shown significant increases across various routes, with Middle East to China rates at $58,000/day, up 38% week-on-week [1][10]. - OPEC+ is expected to increase production by approximately 137,000 barrels per day in October, which may contribute to higher freight demand [19]. - Refinery utilization rates have improved, with major refineries operating at 81.59%, a 0.2 percentage point increase from the previous week [19]. Industry Data Tracking - The Baltic Dry Index (BDI) was reported at 1979 points, down 2.3% week-on-week, indicating a mixed performance in the dry bulk sector [23]. - The report notes that the supply side remains constrained, with only 10.4% of dry bulk vessels on order, suggesting limited capacity growth in the coming years [23]. Market Review - The transportation sector experienced a decline of 1.4% in the week, underperforming the CSI 300 index by 0.6 percentage points [64]. - Notable stock performances included significant gains for companies like China Merchants Energy and China Merchants Jinling, while others like Shentong Express saw declines [64]. Investment Recommendations - Continued recommendations for the oil tanker sector include China Merchants Energy, China Merchants Jinling, and China Merchants South Oil [24]. - For the dry bulk sector, recommendations include Haitong Development and China Merchants Jinling, with a suggestion to pay attention to Pacific Shipping [24].

Core Viewpoint - Haitong Development (603162) has seen a stock price increase of 3.32% this week, closing at 9.03 yuan as of September 5, 2025, with a total market capitalization of 8.359 billion yuan [1] Company Announcements - Haitong Development plans to acquire two multi-purpose cargo ships, PACIFIC HONOUR and PACIFIC HERO, with an assessed value of USD 32,040,000, equivalent to approximately 229.07 million yuan [1] - The market value assessment was conducted by Fuzhou Hedao Asset Appraisal Co., Ltd. as of July 31, 2025, using the market approach [1] - The assessment report is valid from July 31, 2025, to July 0, 2026, and is intended solely for the client's asset acquisition reference [1]