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 北京市康达律师事务所 关于福建海通发展股份有限公司 回购注销部分限制性股票和注销部分股票期权事项的 法 律 意 见 书 康达法意字[2024]第 3344 号 $$\Xi{\cal O}\,\underline{{{-}}}\,\vert\underline{{{m}}}\,\rlap{/}\vert\,\mp\,\rlap{/}\vert\,\mp$$ 法律意见书 北京市康达律师事务所 关于福建海通发展股份有限公司 回购注销部分限制性股票和注销部分股票期权事项 ...

证券代码：603162 证券简称：海通发展 公告编号：2024-072 福建海通发展股份有限公司 关于控股股东一致行动人增持公司股份的公告 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： 福建海通发展股份有限公司（以下简称"公司"）控股股东、实际控制 人曾而斌先生的一致行动人曾力驰先生，于 2024 年 7 月 31 日通过大宗交易方式 首次增持公司股份 2,759,904 股，占公司股份的 0.30%，增持金额约为人民币 2,406.64 万元（不含交易费用）。 2024 年 7 月 31 日，公司收到控股股东、实际控制人曾而斌先生的一致行动 人曾力驰先生出具的《关于增持股票的告知函》，基于对公司未来持续稳定健康 发展的信心，曾力驰先生于 2024 年 7 月 31 日通过大宗交易方式增持公司股份 2,759,904 股，占公司总股本的 0.30%，增持金额约为人民币 2,406.64 万元（不含 交易费用）。现将相关增持情况公告如下： 一、增持主体的基本情况 （一）增持主体 增持主体曾力驰先生系公司控股股东 ...

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 北京市康达律师事务所 关于福建海通发展股份有限公司 控股股东一致行动人增持公司股份事宜的 法 律 意 见 书 康达法意字[2024]第 3410 号 二〇二四年七月 法律意见书 北京市康达律师事务所 关于福建海通发展股份有限公司 控股股东一致行动人增持公司股份事宜 的法律意见书 康达法意字[2024]第 3410 号 致：福建海通发展股份有限公司 北京市康达律师事务所（以下简称为"本所"）接受福建海通发展股份有限公 司（以下简称"公司"或"海通发展"）的委托，就 ...

福建海通发展股份有限公司 简式权益变动报告书 福建海通发展股份有限公司 简式权益变动报告书 上市公司名称：福建海通发展股份有限公司 股票上市地点：上海证券交易所 股票简称：海通发展 股票代码：603162.SH | | 名称 | 住所 | 通讯地址 | | --- | --- | --- | --- | | 信息披露义 务人（一） | 平潭雄鹰创业投资 合伙企业（有限合 | 平潭综合实验区金井湾 片区商务营运中心6号楼 | 福州市鼓楼区温泉 街道湖东路268号 | | | | 5层511室-x00103（集群 | | | | 伙） | | 兴业证券大厦16层 | | | | 注册） | | | 信息披露义 务人（二） | 平潭麒麟一号航运 产业股权投资合伙 | 平潭综合实验区金井湾 片区商务营运中心6号楼 5层511室-4434（集群注 | 平潭综合实验区金 井湾片区商务营运 | | | | | 中心6号楼15层 | | | 企业（有限合伙） | | | | | | 册） | | | 信息披露义 | 兴业证券股份有限 | 福州市湖东路268号 | 福州市湖东路268 | | 务人（三） | 公司 | | 号 ...

证券代码：603162 证券简称：海通发展 公告编号：2024-071 福建海通发展股份有限公司 关于股东权益变动的提示性公告 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： 因平潭雄鹰创业投资合伙企业（有限合伙）（以下简称"平潭雄鹰"）、 平潭麒麟一号航运产业股权投资合伙企业（有限合伙）（以下简称"平潭麒麟"）、 兴业证券股份有限公司（以下简称"兴业证券"）自愿参照一致行动关系，合计 持股占福建海通发展股份有限公司（以下简称"公司"或"海通发展"）总股本 5.238673%（以公司 2023 年 3 月 31 日总股本 412,760,150 股计算），并参照大股 东身份适用相关规定。本次权益变动系海通发展实施权益分派、限制性股票激励 计划及股东减持计划导致持有公司的权益发生变化，以上因素共同导致信息披露 义务人合计持股比例下降至 5%以下，本次权益变动不触及要约收购。 本次权益变动后，平潭雄鹰持有海通发展 32,477,087 股，占海通发展总 股本 3.548039%；平潭麒麟持有海通发展 11,039, ...

Investment Rating - The investment rating for the company is to "continue to pay attention" based on the potential for increased operational income through strategic acquisition and leasing of second-hand ships [7][31]. Core Insights - The company is expected to achieve net profits of 500 million, 748 million, and 900 million yuan for the years 2024, 2025, and 2026 respectively, with corresponding EPS of 0.55, 0.82, and 0.98 yuan, leading to PE ratios of 17x, 11x, and 10x [7][31]. - The shipping market is experiencing a recovery, with significant increases in the import volumes of Brazilian iron ore and Guinean bauxite, which is expected to enhance the company's operational efficiency and profitability [6][31]. - The company is optimizing its fleet and managing costs effectively, resulting in a substantial year-on-year increase in revenue and net profit for the first half of 2024 [31]. Summary by Sections Financial Forecast - The company anticipates revenues of 1,705.34 million, 3,120.69 million, 4,218.30 million, and 4,895.45 million yuan for the years 2024, 2025, 2026, and 2027 respectively, with growth rates of 82.99%, 35.17%, and 16.05% [8][25]. - The net profit attributable to the parent company is projected to be 185.04 million, 500.16 million, 747.93 million, and 900.19 million yuan for the same years, reflecting growth rates of 170.30%, 49.54%, and 20.36% [8][25]. - The company’s return on equity (ROE) is expected to improve from 5.09% in 2023 to 12.42% in 2024, reaching 16.00% and 16.59% in 2025 and 2026 respectively [8][25]. Market Dynamics - The global shipping market is recovering, with the Baltic Sea Index (BSI) average expected to be 1,430.47, 1,573.52, and 1,573.52 for the years 2024 to 2026 [10][12]. - The supply-demand balance in the dry bulk shipping market is tightening, with a forecasted supply-demand gap of 0.8% in 2024 and -2.2% in 2025, which is expected to support high freight rates [32]. Operational Strategy - The company is enhancing its fleet capacity through the acquisition of second-hand ships and long-term leasing, with an expected increase in controlled bulk carrier capacity of 20%, 15%, and 10% from 2024 to 2026 [12][31]. - The company is focusing on optimizing its global route layout and improving operational efficiency to reduce costs and strengthen profitability [6][31].

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - Haitong Development has been expanding its external chartering business, transitioning from a model reliant on heavy asset investment to a more flexible and market-oriented approach, aiming to build a robust service network [5][9] - The company's revenue in 2023 was 1.705 billion yuan, a decrease of 3.41 billion yuan from 2022, primarily due to a slowdown in global economic growth and geopolitical impacts [9] - The company has been actively increasing its fleet, with a total controlled capacity of 3.39 million deadweight tons as of June 2024, including 41 self-owned bulk carriers and 21 long-term chartered vessels [6][9] Summary by Sections Company Ownership and Structure - Haitong Development is primarily controlled by natural persons, with a total of 22.28% held by other companies. The largest shareholder, Zeng Erbin, holds 59.08% of the shares directly and has a total beneficial ownership of 64.42% through affiliated companies [3][4] Fleet and Operations - The company's fleet consists of self-owned vessels, light chartered vessels, and externally chartered vessels. As of mid-2024, the company has 19 self-owned bulk carriers and 30 long-term chartered vessels, with a total capacity of 2.82 million deadweight tons [5][6] - The company has been focusing on expanding its external chartering business to enhance operational flexibility and market responsiveness [7][9] Financial Performance - The company's operating costs reached 1.456 billion yuan in 2023, an increase of 18.14% year-on-year, driven by the expansion of external chartering operations [9] - The average daily TCE (Time Charter Equivalent) for Haitong Development reached $12,888 in 2023, exceeding the market average by approximately 17.2% [26] Market Conditions and Future Outlook - The report indicates that the supply conditions in the dry bulk shipping market are gradually improving, with a low order book for Handymax vessels, which is expected to limit future supply [44][45] - The development of the West Simandou iron ore project is anticipated to boost demand for shipping services, with significant export volumes expected starting in 2025 [61][64] - The report highlights that the dry bulk shipping market is sensitive to interest rate changes, with potential monetary easing by the Federal Reserve likely to stimulate demand [65][68]

Group 1: Capital Expenditure and Fleet Management - The company plans to purchase 10 foreign trade vessels in the first half of this year, following the acquisition of 9 vessels last year, indicating a strategic focus on capital expenditure based on industry cycles [2]. - The company aims to maintain a competitive edge by purchasing second-hand vessels or building new ones during low price periods, ensuring long-term core competitiveness through refined operations [2]. - The fleet primarily consists of 51,000 and 57,000 deadweight tonnage (DWT) ultra-flexible bulk carriers, which are newer and standardized, leading to lower maintenance costs and improved operational efficiency [2]. Group 2: Market Position and Competitive Advantages - The company has a scale advantage by focusing on ultra-flexible vessel types, which have a shallow draft and strong adaptability to various ports and routes, ensuring high turnover rates and logistics efficiency [2]. - By acquiring vessels at relatively low price points, the company has established a long-term competitive advantage, controlling costs through meticulous management [3]. - The company possesses a highly skilled business team capable of analyzing macroeconomic factors and geopolitical situations, allowing for strategic positioning of vessels to achieve above-average rental income [2]. Group 3: Impact of Geopolitical Events - The recent Red Sea crisis has led to increased freight rates due to the obstruction of the Suez Canal, causing many vessels to reroute around the Cape of Good Hope, thus reducing effective capacity [2]. - Even with a potential ceasefire between the Houthis and Israel, the impact on freight rates is expected to be minimal, as the current rates for bulk carriers do not show significant advantages compared to the BSI average rental levels [2]. Group 4: Domestic Trade and Future Planning - The company is actively expanding its non-coal business, with a current cargo distribution ratio of approximately 2:1 between coal and non-coal [3]. - In the absence of a recovery in the domestic trade market, the company is focusing on light asset development and will strategically increase or replace quality capacity to enhance market competitiveness [3]. - The new policy supporting the replacement of old operating vessels is expected to reduce the number of vessels in the market, which could positively impact supply-demand dynamics in the domestic trade sector [3].

Corporate Governance - The company held its first extraordinary general meeting of 2024 on March 6, 2024, to elect the fourth board of directors and supervisory board, with no changes in management compared to the previous term[2]. - The company conducted shareholder meetings to discuss various proposals, including anticipated guarantees for the fiscal year 2024[135]. - The company’s management team includes Zheng Yufang as Vice Chairman and General Manager, Liu Guoyong as Director and CFO, Le Junjie as Director, and Huang Tiantian as Secretary of the Board[196]. - The company’s stock incentive plan was publicly disclosed from July 28 to August 6, 2023, with no objections received during the notice period[191]. Financial Performance - Revenue for the first half of 2024 reached ¥1,686,686,473.83, a 129.03% increase compared to ¥736,456,071.24 in the same period last year[21]. - Net profit attributable to shareholders was ¥242,253,575.77, reflecting an 81.21% increase from ¥133,684,349.21 year-over-year[27]. - Basic earnings per share (EPS) increased to ¥0.27, up 80% from ¥0.15 in the previous year[22]. - The company achieved a net cash flow from operating activities of ¥382,570,395.45, a significant increase of 206.18% compared to ¥124,949,326.96 in the same period last year[22]. - The total assets of the company at the end of the reporting period were ¥5,106,232,833.85, a 12.66% increase from ¥4,532,362,288.32 at the end of the previous year[21]. - The company’s net assets attributable to shareholders increased to ¥3,830,548,383.65, representing a 5.34% growth from ¥3,636,248,980.76 at the end of the previous year[21]. - The weighted average return on equity rose to 6.49%, an increase of 1.79 percentage points from 4.70% in the previous year[21]. - The company’s operating revenue for the current period reached ¥1,686,686,473.83, a year-on-year increase of 129.03%[96]. - Operating costs amounted to ¥1,427,170,440.68, reflecting a 149.49% increase compared to the previous year[97]. - Financial expenses rose to ¥3,627,061.66, a significant increase of 184.03%, attributed to higher cash expenditures for vessel purchases and reduced interest income[97]. - Investment income surged to ¥2,848,100.23, marking a 397.67% increase, driven by higher returns from cash management investment products[98]. - The company’s cash and cash equivalents at the end of the period were ¥927,204,996.16, a 44.94% increase from the previous year[105]. Operational Highlights - The company optimized its fleet structure and managed operational costs effectively, leading to improved profitability[27]. - The company controls a total dry bulk shipping capacity of 3.39 million deadweight tons, ranking 7th among Chinese shipping companies as of December 31, 2023[53]. - The company has purchased 10 new Supramax dry bulk vessels in the first half of 2024, with 8 vessels already delivered by the end of June 2024[52]. - The company has established long-term stable partnerships with numerous well-known domestic and international enterprises due to its excellent transportation capacity and efficient customer service[52]. - The company has established a shipping network that spans over 300 ports in more than 80 countries and regions globally, enhancing its service capabilities[81]. - The company focuses on the transportation of bulk commodities such as coal, ore, and grain, primarily through its overseas shipping operations[63]. - The company employs a mixed operating model, including time charter and voyage charter, to ensure stable cargo sources and meet customer demands[58]. - The company has implemented a "light asset operation model" through external chartering, which has further expanded its main business revenue[80]. Market and Industry Trends - The global dry bulk shipping trade volume increased from 4.099 billion tons in 2012 to 5.508 billion tons in 2023, with a CAGR of 2.72%[33]. - The Baltic Dry Index (BDI) averaged 1835.86 points in the first half of 2024, a 58.70% increase compared to 1156.85 points in the same period of 2023[40]. - The average value of the Baltic Supramax Index (BSI) was 1270.43 points in the first half of 2024, up 33.64% from 950.66 points in the same period of 2023[40]. - The average coastal dry bulk freight index in China was 986.20 points in the first half of 2024, a year-on-year decrease of 4.59%[44]. - The Chinese shipping industry is expected to see waterway freight volume and port throughput reach 8.5 billion tons and 1.64 billion tons respectively by 2025, with an annual growth rate of 2%-3%[36]. - The global dry bulk fleet totaled 13,783 vessels with a capacity of 1.019 billion deadweight tons as of June 2024, reflecting a year-on-year growth of 3.14%[53]. Risks and Challenges - The dry bulk shipping industry is capital-intensive and highly cyclical, significantly influenced by macroeconomic cycles, which can adversely affect the company's operating performance if economic downturns occur[131]. - The company faces environmental protection risks due to increasing regulations aimed at reducing emissions, which could lead to higher operational costs if stricter policies are implemented[131]. - The company is exposed to currency fluctuation risks as its overseas shipping operations are primarily denominated in USD, which could affect financial results if significant changes in foreign exchange policies or rates occur[134]. - The company is actively monitoring the potential loss of professional talent, which is critical for its operational efficiency and profitability in a complex industry[134]. - The company is subject to risks from industry cyclicality and macroeconomic fluctuations, which can impact demand and pricing in the shipping market[131]. Shareholder and Incentive Plans - The company initiated a share buyback program to enhance market confidence and align interests among shareholders and the core team[89]. - A stock option and restricted stock incentive plan was established to attract and retain talent, ensuring alignment of interests for long-term development[90]. - The company completed the registration of the first grant of restricted stock under the 2023 incentive plan, with a total of 3.193 million shares granted[168]. - The company approved the proposal for granting reserved restricted stock to incentive objects, with 710,000 shares granted as part of the reserved portion[168]. - The company held a second extraordinary general meeting in June 2024, approving the draft of the 2024 stock option and restricted stock incentive plan[169]. - The company completed the registration of the stock options under the 2024 incentive plan, with a total of 6.635 million options registered[169]. - The company granted 1,180,000 new restricted stocks to executives during the reporting period, with a total of 1,554,000 restricted stocks held at the end of the period[192]. Environmental and Safety Management - The company has implemented standardized management procedures for safety and pollution prevention, enhancing overall safety management awareness among employees[84]. - The company’s management has implemented measures to reduce fuel consumption and emissions by using silicone coatings on vessels[199]. - The company has purchased property insurance for its transportation tools to mitigate risks associated with shipping accidents, but any compensation exceeding insurance payouts could negatively impact financial performance[134].

中信证券股份有限公司 部分募集资金投资项目结项并将节余募集资金 永久补充流动资金的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为福建海 通发展股份有限公司（以下简称"海通发展"或"公司"）首次公开发行股票并 上市的保荐人，根据《证券发行上市保荐业务管理办法》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证券交易所股票上市 规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规 定，对本次海通发展部分募集资金投资项目结项并将节余募集资金永久补充流动 资金事项进行了审慎核查，并出具核查意见如下： 关于福建海通发展股份有限公司 2023 年 4 月 12 日，公司召开了第三届董事会第二十二次会议、第三届监事 会第十四次会议，审议通过了《关于增加募投项目实施主体及募集资金专户并使 用部分募集资金向全资子公司增资以实施募投项目的议案》，同意公司在保证募 投项目建设的资金需求和募投项目正常进行的前提下，将募投项目"超灵便型散 货船购置项目"的实施主体增加公司全资子公司海通国际船务有限公司（以下简 称"海通国际"）及其 8 家全资子公司，并安排在海通 ...