格隆汇2月13日｜A股航运股集体下跌，其中，中远海能、招商轮船跌超7%，招商南油跌超6%，锦江航 运跌超3%，中远海特、海航科技、国航远洋、中远海发、宁波远洋跌超2%。 如何抓住黄金波段机会？聪明钱的选择，黄金+股票一键搞定>> | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 600026 | 中远海能 | 1 | -7.74 | 944亿 | 47.95 | | 601872 | 招商轮船 | 1 | -7.19 | 991亿 | 36.64 | | 601975 | 招商南油 | | -6.48 | 169亿 | 19.54 | | 601083 | 锦江航运 | 1 | -3.17 | 150亿 | 3.94 | | 600428 | 中远海特 | 1 | -2.96 | 216亿 | 10.85 | | 600751 | 海航科技 | | -2.54 | 122亿 | 10.18 | | 920571 | 国航远洋 | 1 | -2.48 | 50.26亿 | -8.03 | | 601866 ...

Group 1 - COSCO Shipping Energy reached a limit-up, while China Merchants Energy also hit a limit-up, achieving a historical high [1] - China Merchants Oil, COSCO Shipping Special, and Haitong Development saw significant increases [1]

Core Viewpoint - The A-share market shows positive momentum with significant gains in various sectors, particularly in the small metals, electric grid equipment, and semiconductor industries, while the film and gaming sectors are experiencing declines [3]. Market Performance - The Shanghai Composite Index rose by 0.12% to 4137.06, while the Shenzhen Component Index increased by 0.8% to 14274.93. The ChiNext Index saw a rise of 1.18% to 3323.56, and the STAR Market Index gained 0.93% to 1804.89 [4][12]. - Over 2700 stocks in the market experienced an increase by midday [3]. Sector Highlights - The electric grid equipment sector showed strong performance, with companies like Hailianxun rising over 18% and others reaching their daily limit [4]. - The shipping sector also performed well, with China Merchants Energy hitting its daily limit and achieving a historical high [5]. - The computing power leasing sector saw significant gains, with Yuke Technology hitting its daily limit and other companies like Dazhi Technology and Capital Online also rising [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan [6]. Currency Movement - The offshore RMB against the US dollar broke the 6.9 yuan mark, indicating a strengthening of the currency [8]. Stock Movements - The film and cinema sector continued to adjust, with companies like Hengdian Film and Bona Film hitting their daily limit down [9]. - AI application stocks in the Hong Kong market showed strength, with Zhiyuan rising over 11% [10].

证券研究报告 | 行业周报 gszqdatemark 2026 02 08 年 月 日 春运拉开帷幕，航空迎周期景气拐点 交通运输 周观点：2 月 2 日，2026 年春运正式拉开帷幕，首日全社会跨区域人员流动量 18498.6 万人次，比 2025 年同期增长 11.3%，其中民航客运量 223.4 万人次，比 2025 年同期增长 7.4%；根据航班管家，截至 2 月 6 日，2026 年春运民航累计平 均票价 840 元、同比 2025 年同期增长 3.0%，累计客座率 83.3%、同比 2025 年 同期增长 1.2 个百分点。在春运高景气预期下，继续看好" 扩内需"及" 反内卷" 下航空板块中长期景气度。 行情回顾：本周（2026.2.2-2026.2.6）交通运输板块行业指数上涨 1.90%，跑赢 上证指数 3.17 个百分点（上证指数下跌 1.27%）。从申万交通运输行业三级分类 看，涨幅前三名的板块分别为航空运输、快递、物流，涨幅分别为 8.15%、3.76%、 1.24%；跌幅前三名的板块分别为公路货运、航运、港口，跌幅分别为-0.85%、- 0.44%、-0.40%。 航运港口：VLCC ...

Investment Rating - The report maintains an "Overweight" rating for the transportation industry [2] Core Insights - The aviation sector is expected to benefit from the Spring Festival travel peak, leading to a positive outlook for airline stocks. The report highlights a significant increase in flight operations and passenger volumes during this period, indicating a recovery in demand [4][6] - The report emphasizes the potential for oil transportation to rise, driven by geopolitical factors and structural demand growth, suggesting a favorable investment environment in the shipping sector [6][7] Summary by Sections Investment Highlights - The report identifies key investment opportunities in the aviation sector, particularly focusing on major airlines and low-cost carriers that are expected to benefit from rising ticket prices and improved operational performance [4][6] - It also highlights the logistics and express delivery sectors, noting the positive earnings forecast for companies like SF Express, which is capitalizing on the growth of instant delivery services [6] Aviation Data Tracking - Daily flight operations from February 2 to February 6 showed significant increases for major airlines, with Eastern Airlines and Southern Airlines leading the growth [4] - The average aircraft utilization rates also improved, indicating a recovery in operational efficiency across the sector [4] Shipping Data Tracking - The report tracks various shipping indices, noting a mixed performance in container shipping but a positive trend in oil transportation indices, suggesting a potential upturn in the oil shipping market [6][7] - The report recommends focusing on companies in the oil shipping sector due to limited supply and structural demand growth [6][7] Logistics Data Tracking - The report provides data on logistics performance, indicating a substantial increase in express delivery volumes, which is expected to continue benefiting from the growth in e-commerce and instant delivery services [6] - It highlights the importance of addressing industry challenges such as competition and regulatory changes to maintain profitability [6] Company Performance Tracking - The report includes performance metrics for key companies in the aviation and logistics sectors, showcasing their earnings forecasts and operational improvements [4][6] - It emphasizes the strategic positioning of companies like Spring Airlines and China Eastern Airlines, which are expected to leverage their market positions for growth [4][6]

Core Viewpoint - The company, Haitong Development, is a leading player in the domestic private dry bulk shipping sector, primarily engaged in coastal and international shipping of dry bulk cargoes, with a significant revenue contribution from overseas operations benefiting from the depreciation of the Renminbi [2][4]. Company Overview - Haitong Development is located at 23 Changting Street, Taijiang District, Fuzhou, Fujian Province, and was established on March 19, 2009, with its stock listed on March 29, 2023 [8]. - The company’s main business involves domestic coastal and international ocean dry bulk transportation, with shipping revenue accounting for 90.84% of total income [8]. - As of September 30, 2025, the company reported a revenue of 3.009 billion yuan, a year-on-year increase of 16.32%, while net profit attributable to shareholders decreased by 38.47% to 253 million yuan [8]. Financial Performance - The company’s overseas revenue accounted for 65.04% of total revenue, benefiting from the depreciation of the Renminbi [4]. - The company has distributed a total of 313 million yuan in dividends since its A-share listing [9]. Market Activity - On February 6, the stock price of Haitong Development fell by 2.09%, with a trading volume of 272 million yuan and a turnover rate of 7.23%, bringing the total market capitalization to 12.592 billion yuan [1]. - The stock has shown no clear trend in major capital inflows, with a net inflow of 4.6775 million yuan on the day, ranking 10th out of 35 in its industry [5][6]. Technical Analysis - The average trading cost of the stock is 13.66 yuan, with the stock price approaching a resistance level of 13.70 yuan, indicating potential for a price correction if this level is not surpassed [7].

Core Viewpoint - The company has announced adjustments to the stock option exercise prices for its 2024 and 2025 stock option and restricted stock incentive plans, which were approved by the board of directors and the compensation and assessment committee [8][13][17]. Group 1: Approval Procedures - The company held multiple board and supervisory meetings to review and approve the stock option and restricted stock incentive plans for 2024 and 2025, ensuring compliance with relevant regulations [1][9][10]. - The company conducted internal public announcements regarding the initial grant of incentive objects, with no objections received during the public notice period [2][3][11]. Group 2: Adjustment Details - The adjustments to the exercise prices were necessitated by the company's profit distribution plan, which includes a cash dividend of 0.50 yuan per 10 shares for the first three quarters of 2025 [14]. - The adjusted exercise prices for the 2024 stock options are 7.77 yuan for the first grant and 6.36 yuan for the reserved grant, while for the 2025 stock options, they are 6.52 yuan for the first grant and 7.00 yuan for the reserved grant [16]. Group 3: Impact and Compliance - The adjustments to the exercise prices are not expected to have a substantial impact on the company's financial condition or operational results, and the management team will continue to fulfill its responsibilities diligently [16][17]. - The adjustments have been deemed compliant with relevant laws and regulations, ensuring that there is no harm to the interests of the company's shareholders [17][18].

Summary of Key Points Core Viewpoint - Haitong Development announced adjustments to the stock option and restricted stock incentive plan for 2024 and 2025, specifically regarding the exercise prices of stock options [2]. Group 1: Stock Option Adjustments - The exercise price for the first grant of stock options under the adjusted 2024 incentive plan is set at 7.77 yuan per share [2]. - The exercise price for the reserved grant of stock options under the adjusted 2024 incentive plan is set at 6.36 yuan per share [2]. - The exercise price for the first grant of stock options under the adjusted 2025 incentive plan is set at 6.52 yuan per share [2]. - The exercise price for the reserved grant of stock options under the adjusted 2025 incentive plan is set at 7.00 yuan per share [2].

证券代码：603162 证券简称：海通发展 公告编号：2026-014 福建海通发展股份有限公司 关于调整 2024 年及 2025 年股票期权与限制性股票 激励计划股票期权行权价格的公告 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。 福建海通发展股份有限公司（以下简称"公司"）于 2026 年 2 月 4 日召开 了第四届董事会第三十五次会议，审议通过了《关于调整 2024 年及 2025 年股票 期权与限制性股票激励计划股票期权行权价格的议案》。现将有关事项公告如下： 一、已履行的相关审批程序 6、2024 年 8 月 1 日，公司分别召开了第四届董事会第十次会议和第四届监 事会第七次会议，审议通过了《关于回购注销部分限制性股票和注销部分股票期 权的议案》。2024 年 9 月 14 日，公司已完成股票期权的注销事宜；2024 年 9 月 23 日，公司完成了限制性股票的回购注销手续。 7、2024 年 10 月 22 日，公司完成了 2024 年股票期权与限制性股票激励计 划预留授予权益登记手续，预留授予股票期权数量为 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于福建海通发展股份有限公司 调整 2024 年及 2025 年股票期权与限制性股票激励计划 股票期权行权价格的 法 律 意 见 书 康达法意字【2026】第 0046 号 二〇二六年二月 关于福建海通发展股份有限公司 调整 2024 年及 2025 年股票期权与限制性股票激励计划 股票期权行权价格的法律意见书 康达法意字【2026】第 0046 号 致：福建海通发展股份有限公司 北京市康达律师事务所（以下简称"本所"）接 ...