关于福建海通发展股份有限公司 向特定对象发行股票申请文件的 审核问询函的回复报告 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年十月 上海证券交易所： 福建海通发展股份有限公司（以下简称"发行人"、"公司"或"海通发展"） 于2025年10月13日收到上海证券交易所（以下简称"上交所"）出具的《关于福 建海通发展股份有限公司向特定对象发行股票申请文件的审核问询函》（上证上 审（再融资）〔2025〕295号）（以下简称"问询函"），中信证券股份有限公 司（以下简称"保荐人"）作为公司本次向特定对象发行股票的保荐人（主承销 商），会同发行人及发行人律师福建天衡联合律师事务所（以下简称"发行人律 师"）、申报会计师致同会计师事务所（特殊普通合伙）（以下简称"申报会计 师"）等相关方，本着勤勉尽责、诚实守信的原则，就问询函所列问题逐项进行 了核查、落实和认真讨论，现回复如下，请予审核。 说明： 一、如无特别说明，本回复报告中的简称或名词的释义与募集说明书中的相 同。 二、本回复报告的字体代表以下含义： | 黑体（不加粗） | 问询函所列问题 | | --- | --- | ...

福建海通发展股份有限公司（以下简称"公司"）收到上海证券交易所于 2025 年 10 月 13 日出具的《关于福建海通发展股份有限公司向特定对象发行股 票申请文件的审核问询函》（上证上审（再融资）〔2025〕295 号）（以下简称 "《审核问询函》"），上海证券交易所审核机构对公司 2025 年度向特定对象 发行 A 股股票申请文件进行了审核，并形成了审核问询问题。 公司收到《审核问询函》后，按照要求会同相关中介机构就《审核问询函》 提出的问题进行了认真研究和逐项落实，并逐项做了说明和回复。具体内容详见 公司于同日在上海证券交易所网站（www.sse.com.cn）披露的相关公告文件。 证券代码：603162 证券简称：海通发展 公告编号：2025-119 福建海通发展股份有限公司 关于向特定对象发行股票申请文件的 审核问询函回复的提示性公告 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。 公司本次向特定对象发行 A 股股票事项尚需通过上海证券交易所审核，并 获得中国证券监督管理委员会（以下简称"中国证监会"）做出同意注册的决 ...

Core Viewpoint - Haitong Development's stock price has shown significant growth this year, with a year-to-date increase of 19.23% and a notable rise of 28.71% over the past 60 days, indicating strong market interest and performance [2]. Financial Performance - For the period from January to September 2025, Haitong Development reported a revenue of 3.009 billion yuan, reflecting a year-on-year growth of 16.32%. However, the net profit attributable to shareholders decreased by 38.47% to 253 million yuan [2]. - Since its A-share listing, Haitong Development has distributed a total of 266 million yuan in dividends [3]. Stock Market Activity - On October 23, Haitong Development's stock price increased by 2.07%, reaching 10.85 yuan per share, with a trading volume of 171 million yuan and a turnover rate of 5.77%. The total market capitalization stands at 10.048 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on October 21, where it recorded a net purchase of 8.2198 million yuan [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Haitong Development is 26,400, which is a decrease of 18.54% from the previous period. The average number of circulating shares per shareholder has increased by 24.72% to 10,529 shares [2]. - Among the top ten circulating shareholders, E Fund Hong Kong Stock Connect Dividend Mixed A (005583) is a new entrant with 3.416 million shares, while Huatai-PB Fortune Mixed A (004475) has exited the top ten list [3]. Business Overview - Haitong Development, established on March 19, 2009, and listed on March 29, 2023, is primarily engaged in dry bulk shipping, with shipping revenue accounting for 90.84% of its total income [2]. - The company operates within the transportation industry, specifically in shipping and ports, and is associated with several concept sectors including the Pingtan Experimental Zone and the Belt and Road Initiative [2].

Core Viewpoint - The article discusses the recent disclosures of third-quarter reports from A-share listed companies, highlighting the trading activities of several large private equity firms, including significant reductions in holdings by some and new investments by others [1]. Group 1: High Yi Asset's Trading Activities - High Yi Asset's CIO, Deng Xiaofeng, significantly reduced holdings in Zijin Mining, exiting the shareholder list with the High Yi Xiaofeng Hongyuan Fund and reducing shares in the High Yi Xiaofeng No. 2 Fund by 18.6 million shares, bringing total holdings down to 180 million shares, valued at approximately 5.3 billion yuan [3]. - Zijin Mining's stock price has increased by 99.14% year-to-date, with reported revenues of 254.2 billion yuan, a year-on-year increase of 10.33%, and a net profit of 37.864 billion yuan, up 55.45% [3]. Group 2: Hikvision's Trading Activities - Feng Liu, a senior fund manager at High Yi Asset, continued to reduce holdings in Hikvision, selling 58 million shares, bringing total holdings down to 280 million shares, with a market value of 8.826 billion yuan [5]. - Hikvision's third-quarter report shows total revenue of 65.758 billion yuan, a year-on-year increase of 1.18%, and a net profit of 9.319 billion yuan, up 14.94% [6]. Group 3: New Investments by Other Private Equity Firms - Ruijun Asset's Chief Research Officer, Dong Chengfei, increased holdings in Yangjie Technology, raising total shares to 10.9598 million, with a market value of 762 million yuan [8]. - Yangjie Technology reported revenues of 5.348 billion yuan, a year-on-year increase of 20.89%, and a net profit of 974 million yuan, up 45.51%, with a stock price increase of 75.34% year-to-date [9]. - Chongyang Investment entered Haitong Development, holding 7.7919 million shares valued at 101 million yuan [10]. - Lingren Private Fund made a new investment in Zhongce Rubber, acquiring 1.1539 million shares valued at 58 million yuan [12].

Core Viewpoint - The article discusses the recent disclosures of third-quarter reports from A-share listed companies, highlighting the trading activities of major private equity firms, including significant reductions in holdings and new investments in various companies [2]. Group 1: Major Holdings Changes - Gao Yi Asset's CIO Deng Xiaofeng significantly reduced holdings in Zijin Mining, exiting the shareholder list for one fund and reducing shares by 18.6 million, leaving 180 million shares valued at approximately 5.3 billion [4]. - Feng Liu from Gao Yi Asset continued to reduce holdings in Hikvision, decreasing shares by 58 million to 280 million, with a market value of 8.83 billion [6][7]. - Rui Jun Asset's Dong Chengfei increased holdings in Yangjie Technology, raising total shares to 10.96 million, valued at 762 million [10]. Group 2: Company Performance Highlights - Zijin Mining reported a revenue of 254.2 billion, a year-on-year increase of 10.33%, and a net profit of 37.864 billion, up 55.45% [4]. - Hikvision's total revenue for the first three quarters was 65.758 billion, a growth of 1.18%, with a net profit of 9.319 billion, increasing by 14.94% [8]. - Yangjie Technology achieved a revenue of 5.348 billion, a year-on-year growth of 20.89%, and a net profit of 974 million, up 45.51% [11]. - Haitong Development, a new investment by Chongyang Investment, reported a revenue of 3.009 billion, a 16.32% increase, but a net profit decline of 38.47% to 253 million [12]. - Zhongce Rubber, newly invested by Lingren Private Fund, reported a revenue of 33.683 billion, a 14.98% increase, and a net profit of 3.513 billion, up 9.3% [15].

Group 1: Stock Performance - Hefei Urban Construction's stock price surged by 101% since September 30, with a recent increase of 7.55% on October 22, closing at 15.39 CNY per share [1] - The total market capitalization of Hefei Urban Construction reached 12.363 billion CNY, with a trading volume of 3.002 billion CNY on the same day [1] Group 2: Company Overview - Hefei Urban Construction primarily engages in real estate sales and leasing, holding a strong reputation in Anhui Province, particularly in the industrial real estate sector [3] - The company is recognized as the largest developer and operator of standardized industrial factories in Anhui Province through its wholly-owned subsidiary, Hefei Industrial Investment Industrial Technology Development Co., Ltd. [3] Group 3: Market Trends - As of the end of Q3, northbound funds held approximately 2.58 trillion CNY in A-shares, marking a 12.66% increase from the end of Q2 [4] - The battery and semiconductor sectors attracted significant northbound fund investments, with the battery sector's holdings increasing by 125.38 billion CNY to 300.626 billion CNY [4] Group 4: Banking Sector - Agricultural Bank of China achieved a market capitalization of 2.83 trillion CNY, surpassing Industrial and Commercial Bank of China to become the largest in A-shares [6] - The bank's stock price rose by 23% since September 25, reflecting strong market performance [6][8] Group 5: Earnings Reports - Over half of the companies that released Q3 earnings reports showed a quarter-on-quarter increase in net profit, with 21 companies reporting over 50% growth [9] - Notable performers included Guangpu Co., with a Q3 net profit of 24.14 million CNY, reflecting a 4687% increase from Q2, largely due to a low base effect [9]

Market Overview - The shipping and port sector declined by 0.62% on October 22, with Haixia Co. leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Notable gainers in the shipping and port sector included: - Zhonggu Logistics (603565) with a closing price of 11.18, up 1.82% [1] - Tangshan Port (601000) at 4.00, up 1.01% [1] - COSCO Shipping Specialized (600428) at 7.21, up 0.84% [1] - Major decliners included: - Haixia Co. (002320) at 13.59, down 7.55% [2] - Antong Holdings (600179) at 4.29, down 6.94% [2] - Haitong Development (603162) at 10.63, down 6.01% [2] Trading Volume and Capital Flow - The shipping and port sector experienced a net outflow of 752 million yuan from institutional investors, while retail investors saw a net inflow of 708 million yuan [2][3] - The trading volume for Zhonggu Logistics was 177,100 shares, with a transaction value of 197 million yuan [1] Individual Stock Capital Flow - Zhonggu Logistics (603565) had a net inflow of 10.93 million yuan from retail investors, while institutional investors saw a net outflow of 54.53 million yuan [3] - COSCO Shipping Holdings (601866) had a net inflow of 73,040 yuan from retail investors, with a minor outflow from institutional investors [3]

Group 1 - The stock of Haitong Development (603162) fell by 8.05% today, with a turnover rate of 23.10% and a trading volume of 730 million yuan, indicating significant market activity [2] - Institutional investors net sold 14.05 million yuan, while the Shanghai Stock Connect saw a net sell of 31.70 million yuan, suggesting a bearish sentiment among institutional players [2] - The stock was listed on the Shanghai Stock Exchange's watch list due to a turnover rate of 23.10% and a daily decline deviation of -9.41% [2] Group 2 - For the third quarter, the company reported a revenue of 3.009 billion yuan, a year-on-year increase of 16.32%, but a net profit of 253 million yuan, which represents a year-on-year decline of 38.47% [3] - In the past five days, three institutions rated the stock as a buy, with Huachuang Securities setting the highest target price at 13.80 yuan [3] - The top five trading departments accounted for a total transaction of 192 million yuan, with a net buying amount of 8.22 million yuan [2][3]

Core Points - Haitong Development's stock price dropped by 8.05% to 11.31 yuan, currently in a state of breaking issue [1] - The company was listed on the Shanghai Stock Exchange on March 29, 2023, with an issuance of 41,276,015 shares at a price of 37.25 yuan per share [1] - The total amount raised from the initial public offering (IPO) was 153,753.16 million yuan, with a net amount of 142,793.20 million yuan [1] Fundraising and Use of Proceeds - The funds raised are intended for the purchase of ultra-flexible bulk carriers, information system construction and upgrades, and to supplement working capital [1] - The total issuance costs (excluding tax) amounted to 10,959.96 million yuan, with underwriting and sponsorship fees at 8,656.42 million yuan [1] Profit Distribution and Capital Increase - For the fiscal year 2023, the company plans to distribute a cash dividend of 0.15 yuan per share, totaling 92,218,203.30 yuan (including tax) based on a total share capital of 614,788,022 shares [2] - The cash dividend payout ratio for the year is 49.84% [2] - The company also plans to increase its share capital by converting capital reserves, with a proposal to issue 4.80 new shares for every 10 shares held, resulting in a total share capital of 909,886,272 shares post-increase [2]

证券代码：603162 证券简称：海通发展 公告编号：2025-118 福建海通发展股份有限公司 关于举办2025年第三季度业绩说明会的公告 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： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 10 月 29 日 前 访 问 网 址 https://eseb.cn/1syesm5LHdm 或使用微信扫描下方小程序码进行会前提问，公司将 通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 一、说明会类型 福建海通发展股份有限公司（以下简称"公司"）已于 2025 年 10 月 18 日 在上海证券交易所网站（www.sse.com.cn）披露了《福建海通发展股份有限公司 2025 年第三季度报告》。为便于广大投资者更加全面深入地了解公司经营业绩、 发展战略等情况，公司定于 2025 年 10 月 29 日（星期三）15:00-16:00 在"价值 在线"（www.ir-online.cn）举办福建海通发展股份有限公司 2025 年第三 ...