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]

Summary of Haitong Development Conference Call Company Overview - Haitong Development is a leading private shipping company in China, ranked 7th in terms of carrying capacity, with 4.84 million deadweight tons as of the end of May 2025 [2][3] - The founder, Zeng Erbin, directly and indirectly controls nearly 70% of the company's shares [2] Core Business Insights - The company has experienced rapid growth in carrying capacity, with a compound annual growth rate (CAGR) of 30% from 2019 to 2024 [2][4] - Haitong Development is expanding its fleet to include Panamax and Capesize bulk carriers, which now account for approximately 30% of its capacity [2][4] - The company's route network covers domestic routes in the Bohai Sea and Yangtze River Delta, as well as over 300 ports in more than 180 countries globally [2][5] - In 2024, overseas business revenue accounted for 65% of total revenue, with a gross profit margin of 92.5% [2][5] Financial Performance - The company's performance is highly correlated with the dry bulk market's conditions, achieving a peak profit of 670 million yuan in 2022 [2][6] - In the first half of 2025, profits significantly declined due to a 30% drop in the Baltic Dry Index (BDI) and costs associated with concentrated maintenance [2][6] - The company implements equity incentive plans and shareholder return plans, distributing at least 30% of distributable profits in cash over the next three years [6] Market Trends - The dry bulk market is transitioning from a recession to a recovery phase, with the average BDI from 2020 to the first half of 2025 increasing by 38% compared to the 2010-2019 average [2][7] - Supply growth is limited, with a significant decline in order volume since 2014, and only 10.4% of orders currently on hand [7] - Demand is closely linked to macroeconomic conditions, with potential growth driven by global mining capacity expansion and factors such as the Federal Reserve's interest rate cuts [8] Future Outlook - The dry bulk market is expected to recover, and Haitong Development's capacity expansion positions it for higher profit elasticity [9] - The company is projected to achieve net profits of 330 million yuan, 600 million yuan, and 750 million yuan from 2025 to 2027 [9] - Risks include macroeconomic downturns and supply excess, which could negatively impact performance [9]

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 - The core point of the article is that Haitong Development (603162) is planning to acquire two multi-purpose cargo ships, PACIFIC HONOUR and PACIFIC HERO, with a market value assessed at 229,066,800.00 RMB [2][3] - As of September 1, 2025, Haitong Development's stock closed at 8.79 RMB, reflecting a 0.57% increase, with a turnover rate of 2.14% and a trading volume of 59,000 hands, resulting in a transaction amount of 51,861,200 RMB [1] - On September 1, the net inflow of main funds was 252.17 million RMB, accounting for 4.86% of the total transaction amount, while retail investors saw a net inflow of 339.23 million RMB, representing 6.54% of the total transaction amount [2][3] Group 2 - The market value of the two ships was assessed using the market method, with the evaluation report being valid from July 31, 2025, to July 30, 2026 [2] - The report emphasizes that it is not a statutory evaluation and is intended solely for the client's asset acquisition value reference [2]

本资产评估报告依据中国资产评估准则编制 福建海通发展股份有限公司拟资产收购涉及的PACIFIC HONOUR、 PACIFIC HERO两艘多用途杂货船市场价值 资产评估报告 和道评估评报字[2025]资0206号 第一册(共一册) 八司 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 3535220001202500148 | | --- | --- | | 合同编号: | 和道评估合字 [2025]资0169号 | | 报告类型: | 非法定评估业务资产评估报告 | | 报告文号: | 和道评估评报字[2025]资0206号 | | 报告名称: | 福建海通发展股份有限公司拟资产收购涉及的PACIFIC HONOUR、 PACIFIC HERO两艘多用途杂货船市场价值资产评估报告 | | 评估结论: | 229,066,800.00元 | | 评估报告日: | 2025年08月28日 | | 评估机构名称: | 福州和道资产评估有限公司 | | 签名人员: | 蔡勇红 (资产评估师) 正式会员 编号:39160004 | | | 游加荣 (资产评估师) 正式会员 编号:39130008 | ...

证券代码：603162 证券简称：海通发展 公告编号：2025-101 本次交易已经公司第四届董事会第二十七次会议，2025 年第四次临时股 东会审议通过。 一、交易概述 福建海通发展股份有限公司 关于全资子公司购置两艘船舶的进展公告 本公司董事会、全体董事及相关股东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"）全资子公司大南宁海 运有限公司（以下简称"大南宁海运"）向 Schiffahrtsgesellschaft MS "Helene Braren" GmbH & Company KG（以下简称"Helene Braren"）、大重庆海运有限 公司（以下简称"大重庆海运"）向 Schiffahrtsgesellschaft MS "Simon Braren" GmbH & Company KG（以下简称"Simon Braren"）分别购置一艘多用途杂货 船。本次交易合同总金额为 3,200 万美元，购船资金来源为自有（含自筹）资金。 本次交易不构成关联交易。 （一）本次交易的基本情 ...

Core Viewpoint - The company, Haitong Development, is expanding its operational capacity by acquiring two multi-purpose cargo ships through its wholly-owned subsidiaries, with a total contract value of $32 million [1] Group 1: Company Actions - Haitong Development's wholly-owned subsidiary, Dannaning Shipping, has signed a Memorandum of Agreement (MOA) to purchase a multi-purpose cargo ship from Helene Braren [1] - Another subsidiary, Daqing Shipping, has also signed an MOA to acquire a multi-purpose cargo ship from Simon Braren [1] - The total contract amount for both transactions is $32 million [1]