每经AI快讯，海通发展10月17日公告，2025年第三季度，公司营业收入为12.09亿元，同比增长 34.27%；归属于上市公司股东的净利润为1.66亿元，同比减少1.49%。 （文章来源：每日经济新闻） ...

格隆汇10月17日丨海通发展(603162.SH)公布，公司前三季度实现营业收入30.09亿元，同比增长 16.32%；归属于上市公司股东的净利润2.53亿元，同比下降38.47%；归属于上市公司股东的扣除非经常 性损益的净利润2.5亿元，同比下降33.23%；基本每股收益0.28元。 ...

格隆汇10月17日｜海通发展(603162.SH)公告称，2025年第三季度，公司营业收入为12.09亿元，同比增 长34.27%；归属于上市公司股东的净利润为1.66亿元，同比减少1.49%。营收增长主要原因为三季度以 来，境外干散货航运市场价格回升，且公司持续扩充自营运力规模，提升市场运力使用能力，继续拓展 全球市场，深化船舶运营的全球化。利润下降主要系市场价格的同比下滑，短期内显著压缩了行业利润 空间，加之公司运营成本随着业务规模的扩大而稳步增长，公司开展存量船舶与新购船舶的坞修保养及 节能减排，低碳环保设备改造优化等导致船舶维修及物料备件支出同比大幅增加，新增运力在运营初期 的效益尚未完全释放。 ...

[Report Overview](index=1&type=section&id=Report%20Overview) This section provides an overview of the quarterly report, including important disclaimers and the audit status of the financial statements [Important Notice](index=1&type=section&id=Important%20Notice) The company's board of directors, senior management, and accounting personnel guarantee the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities - The company's board of directors and management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility[2](index=2&type=chunk) - The company's principal officer, head of accounting, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of financial information[3](index=3&type=chunk) [Audit Status of Financial Statements](index=1&type=section&id=Audit%20Status%20of%20Financial%20Statements) The financial statements for the current reporting period are unaudited - The third-quarter financial statements are unaudited[3](index=3&type=chunk) [Key Financial Data and Indicators](index=1&type=section&id=Key%20Financial%20Data%20and%20Indicators) This section presents the company's key financial performance and position, including revenue, net profit, cash flow, and balance sheet items [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In the current period, operating revenue increased by 34.27% year-on-year, but net profit attributable to shareholders decreased by 1.49% Overview of Key Accounting Data and Financial Indicators | Indicator | Current Period (Q3 2025) | Year-on-year Change (%) | Year-to-date (YTD 2025) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,208,808,679.57 | 34.27 | 3,009,119,957.58 | 16.32 | | Total Profit (CNY) | 173,596,107.01 | 3.07 | 264,374,905.24 | -35.70 | | Net Profit Attributable to Shareholders (CNY) | 165,726,405.04 | -1.49 | 252,592,481.32 | -38.47 | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains and Losses (CNY) | 163,863,194.40 | -2.52 | 249,694,608.42 | -33.23 | | Net Cash Flow from Operating Activities (CNY) | N/A | N/A | 791,408,323.39 | 2.84 | | Basic Earnings Per Share (CNY/share) | 0.18 | - | 0.28 | -37.78 | | Diluted Earnings Per Share (CNY/share) | 0.18 | - | 0.28 | -37.78 | | Weighted Average Return on Net Assets (%) | 3.93 | decreased by 0.5 percentage points | 5.99 | decreased by 4.82 percentage points | | **Period-end Indicators** | **End of Current Period (Sep 30, 2025)** | **Change from Prior Year-end (%)** | **End of Prior Year (Dec 31, 2024)** | | | Total Assets (CNY) | 6,765,543,391.52 | 15.89 | 5,837,845,808.42 | | | Shareholders' Equity Attributable to Listed Company (CNY) | 4,328,811,620.53 | 5.09 | 4,119,260,024.71 | | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Non-recurring gains and losses totaled 1,863,210.64 CNY for the current period, primarily from fair value changes and disposal gains/losses of financial assets and liabilities Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Current Period Amount (CNY) | Year-to-date Amount (CNY) | | :--- | :--- | :--- | | Government grants recognized in current profit or loss | 0 | 94,752.47 | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains and losses from disposal of financial assets and liabilities, excluding effective hedge accounting related to the company's normal business operations | 632,974.97 | 1,577,432.65 | | Other non-operating income and expenses apart from the above | 1,264,371.10 | 1,386,910.61 | | Less: Income tax impact | 34,135.43 | 161,222.83 | | Total | 1,863,210.64 | 2,897,872.90 | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=3&type=section&id=Changes%20and%20Reasons%20for%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Operating revenue growth was driven by a rebound in the overseas dry bulk shipping market and expanded shipping capacity, while profit decline was due to market price drops and increased operating costs - **Operating revenue** increased by **34.27%** in the current period, primarily due to a rebound in overseas dry bulk shipping market prices in Q3 and the company's continuous expansion of its self-operated fleet to enhance market capacity utilization and global market reach[9](index=9&type=chunk) - **Total profit** decreased by **35.70%** and **net profit attributable to the parent company** decreased by **38.47%** year-to-date, mainly due to a year-on-year decline in market prices, increased operating costs with business expansion, significantly higher vessel maintenance and material spare parts expenses, and the benefits of new capacity not yet fully realized[9](index=9&type=chunk)[10](index=10&type=chunk) - **Basic and diluted earnings per share** both decreased by **37.78%** year-to-date, primarily due to the reduction in net profit during the period[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=Shareholder%20Information) This section details the company's shareholder structure, including the total number of shareholders and the holdings of top shareholders [Total Number of Ordinary Shareholders and Top Ten Shareholders' Holdings](index=4&type=section&id=Total%20Number%20of%20Ordinary%20Shareholders%20and%20Top%20Ten%20Shareholders'%20Holdings) As of the end of the reporting period, the company had 26,373 ordinary shareholders, with actual controller Zeng Erbin holding the largest stake at 58.05% - The total number of ordinary shareholders at the end of the reporting period was **26,373**[12](index=12&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Percentage (%) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Zeng Erbin | Domestic Natural Person | 537,592,161 | 58.05 | 537,592,161 | | Pingtan Qunhang Investment Partnership (Limited Partnership) | Other | 43,545,152 | 4.70 | 43,545,152 | | Fujian Xinghai Trading Co., Ltd. | Domestic Non-State-Owned Legal Entity | 36,798,720 | 3.97 | 36,798,720 | | Zheng Yufang | Domestic Natural Person | 13,510,240 | 1.46 | 737,600 | | Wang Aijin | Domestic Natural Person | 12,470,779 | 1.35 | 12,470,779 | [Top Ten Shareholders of Unrestricted Shares](index=4&type=section&id=Top%20Ten%20Shareholders%20of%20Unrestricted%20Shares) Zheng Yufang held the largest number of unrestricted tradable shares at 12,772,640, followed by Fuzhou JinKong Financial Leasing Co., Ltd Top 10 Shareholders of Unrestricted Shares | Shareholder Name | Number of Unrestricted Tradable Shares Held (shares) | Share Type | | :--- | :--- | :--- | | Zheng Yufang | 12,772,640 | RMB Ordinary Shares | | Fuzhou JinKong Financial Leasing Co., Ltd. | 12,266,240 | RMB Ordinary Shares | | Pingtan Qilin No. 1 Shipping Industry Equity Investment Partnership (Limited Partnership) | 11,039,616 | RMB Ordinary Shares | | Wang Sheng | 8,000,601 | RMB Ordinary Shares | | China Foreign Economy and Trade Trust Co., Ltd. - Foreign Trade Trust - Chongyang Target Return Phase 1 Securities Investment Collective Fund Trust Plan | 7,791,890 | RMB Ordinary Shares | [Explanation of Shareholder Related Party Relationships or Concerted Actions](index=5&type=section&id=Explanation%20of%20Shareholder%20Related%20Party%20Relationships%20or%20Concerted%20Actions) The company's actual controller Zeng Erbin and his controlled entities and family members are identified as parties acting in concert, with some having signed concerted action agreements - Zeng Erbin, Pingtan Qunhang Investment Partnership, Fujian Xinghai Trading Co., Ltd., Wang Aijin, Sun Ying, and Zeng Lich are parties acting in concert with the company's actual controller, Zeng Erbin[13](index=13&type=chunk) - Pingtan Qunhang, Xinghai Trading, and Wang Aijin have signed a "Concerted Action Agreement" with Zeng Erbin[13](index=13&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=Quarterly%20Financial%20Statements) This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the quarter [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2025, total assets were 6,765,543,391.52 CNY, a 15.89% increase from the prior year-end, with liabilities significantly rising by 41.78% Consolidated Balance Sheet Key Data | Item | Sep 30, 2025 (CNY) | Dec 31, 2024 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Cash and Cash Equivalents | 500,938,707.26 | 550,361,893.14 | -8.98 | | Prepayments | 75,082,433.27 | 16,964,417.94 | 342.59 | | Other Receivables | 342,540,046.35 | 212,526,187.33 | 61.18 | | Total Current Assets | 1,390,364,474.11 | 1,218,531,139.74 | 14.10 | | Fixed Assets | 4,637,407,818.06 | 3,888,625,839.37 | 19.26 | | Other Non-current Assets | 50,938,072.45 | 3,723,585.23 | 1267.99 | | Total Non-current Assets | 5,375,178,917.41 | 4,619,314,668.68 | 16.36 | | **Total Assets** | **6,765,543,391.52** | **5,837,845,808.42** | **15.89** | | **Liabilities** | | | | | Accounts Payable | 164,192,021.99 | 106,833,344.11 | 53.70 | | Contract Liabilities | 47,747,975.48 | 21,216,576.03 | 125.05 | | Non-current Liabilities Due Within One Year | 621,154,515.31 | 508,925,674.25 | 22.05 | | Total Current Liabilities | 1,075,264,859.72 | 850,384,717.97 | 26.45 | | Long-term Borrowings | 298,438,965.84 | 39,916,148.92 | 647.66 | | Long-term Payables | 886,595,814.42 | 670,744,603.58 | 32.18 | | Total Non-current Liabilities | 1,361,466,911.27 | 868,201,065.74 | 56.81 | | **Total Liabilities** | **2,436,731,770.99** | **1,718,585,783.71** | **41.78** | | **Shareholders' Equity** | | | | | Paid-in Capital (or Share Capital) | 926,031,628.00 | 916,878,708.00 | 0.99 | | Capital Reserve | 1,172,439,191.40 | 1,106,505,096.18 | 5.96 | | Total Shareholders' Equity Attributable to Parent Company | 4,328,811,620.53 | 4,119,260,024.71 | 5.09 | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2025, total operating revenue increased by 16.32%, but total operating costs rose more sharply, leading to significant declines in operating profit and net profit Consolidated Income Statement Key Data | Item | Q1-Q3 2025 (Jan-Sep) (CNY) | Q1-Q3 2024 (Jan-Sep) (CNY) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 3,009,119,957.58 | 2,586,952,266.40 | 16.32 | | Total Operating Costs | 2,744,673,755.79 | 2,211,095,811.63 | 24.13 | | Operating Costs | 2,592,302,640.94 | 2,120,636,208.05 | 22.24 | | Financial Expenses | 54,194,717.93 | 11,544,805.48 | 369.44 | | Operating Profit | 262,987,994.63 | 408,456,845.55 | -35.59 | | Total Profit | 264,374,905.24 | 411,177,087.65 | -35.70 | | Income Tax Expense | 11,782,423.92 | 683,760.27 | 1622.00 | | Net Profit | 252,592,481.32 | 410,493,327.38 | -38.47 | | Net Profit Attributable to Parent Company Shareholders | 252,592,481.32 | 410,493,327.38 | -38.47 | | Basic Earnings Per Share (CNY/share) | 0.28 | 0.45 | -37.78 | [Consolidated Cash Flow Statement](index=10&type=section&id=Consolidated%20Cash%20Flow%20Statement) Net cash flow from operating activities increased by 2.84% year-to-date, while net cash flow from investing activities remained a significant outflow, and financing cash flow decreased by 50.93% Consolidated Cash Flow Statement Key Data | Item | Q1-Q3 2025 (Jan-Sep) (CNY) | Q1-Q3 2024 (Jan-Sep) (CNY) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Cash received from sales of goods and rendering of services | 3,094,683,528.58 | 2,677,642,734.22 | 15.57 | | Subtotal of Cash Inflows from Operating Activities | 3,139,830,919.31 | 2,726,043,026.50 | 15.11 | | Cash paid to and on behalf of employees | 312,246,446.10 | 216,922,998.82 | 43.94 | | Payments of all types of taxes | 23,098,042.51 | 1,284,647.62 | 1698.86 | | Subtotal of Cash Outflows from Operating Activities | 2,348,422,595.92 | 1,956,525,882.18 | 20.03 | | **Net Cash Flow from Operating Activities** | **791,408,323.39** | **769,517,144.32** | **2.84** | | Cash paid for acquisition of fixed assets, intangible assets, and other long-term assets | 1,008,461,222.05 | 1,682,431,973.12 | -40.06 | | **Net Cash Flow from Investing Activities** | **-1,017,811,601.68** | **-1,155,723,041.57** | **11.93 (Outflow decreased)** | | Cash received from borrowings | 329,828,174.00 | 121,088,581.60 | 172.39 | | Cash received relating to other financing activities | 398,131,889.25 | 708,942,097.40 | -43.84 | | Subtotal of Cash Inflows from Financing Activities | 772,233,793.25 | 866,380,256.00 | -10.86 | | Cash paid relating to other financing activities | 451,111,173.99 | 361,455,268.81 | 24.80 | | **Net Cash Flow from Financing Activities** | **182,500,870.77** | **371,936,011.22** | **-50.93** | | Net increase in cash and cash equivalents | -49,321,200.76 | -24,046,546.46 | -105.19 | [Other Matters](index=5&type=section&id=Other%20Matters) This section covers additional important information and the company's adoption of new accounting standards [Other Reminders](index=5&type=section&id=Other%20Reminders) The company has no other significant operating information requiring investor attention during the reporting period - The company's operating performance during the reporting period has no other significant information requiring investor attention[14](index=14&type=chunk) [Implementation of New Accounting Standards](index=12&type=section&id=Implementation%20of%20New%20Accounting%20Standards) The company did not adopt new accounting standards or interpretations requiring adjustments to the opening financial statements in 2025 - Starting from 2025, the company has not initially implemented new accounting standards or interpretations that require adjustments to the opening financial statements of the first year of implementation[26](index=26&type=chunk)

南财智讯10月17日电，海通发展公告，2025年前三季度公司实现营业收入30.09亿元，同比增长 16.32%；归属于上市公司股东的净利润2.53亿元，同比下降38.47%。基本每股收益0.28元，同比下降 37.78%。 ...

海通发展公告，第三季度营收为12.09亿元，同比增长34.27%；净利润为1.66亿元，下降1.49%。前三季 度营收为30.09亿元，同比增长16.32%；净利润为2.53亿元，下降38.47%。 ...

Core Insights - The shipping and port sector experienced a decline of 0.29% on October 17, with Lianyungang leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Stock Performance - Notable gainers in the shipping and port sector included: - Haitong Development (603162) with a closing price of 11.22, up 10.00% [1] - Xiamen Port Authority (000905) at 9.36, up 9.99% [1] - Strait Shares (002320) at 14.00, up 9.98% [1] - Major decliners included: - Lianyungang (601008) at 5.86, down 4.09% [2] - COSCO Shipping Energy (600026) at 12.12, down 3.19% [2] - Ningbo Shipping (600798) at 4.10, down 2.84% [2] Capital Flow - The shipping and port sector saw a net outflow of 236 million yuan from institutional investors, while retail investors contributed a net inflow of 516 million yuan [2][3] - Specific stock capital flows included: - Xiamen Port Authority (000905) with a net inflow of 166 million yuan from institutional investors [3] - Strait Shares (002320) with a net inflow of 87 million yuan from institutional investors [3] - COSCO Shipping Holdings (601919) with a net inflow of 75 million yuan from institutional investors [3]

Group 1 - Several companies, including Haixia Innovation, Pingtan Development, and Haitong Development, reached their daily limit increase in stock prices [1] - Xiamen Port Authority and Fujian Jinsen also approached their daily limit increase [1] - Other companies such as Zhangzhou Development, Fujian Cement, Air China Ocean, and Sanmu Group experienced significant price increases [1]

Market Overview - The market experienced a downward trend with the ChiNext Index falling over 2% and the Shanghai Composite Index down 1% [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.18 trillion yuan, a decrease of 32.6 billion yuan compared to the previous trading day [1] - Defensive sectors such as coal and gas stocks showed strong performance, while data center power concepts faced significant declines [1][7] Coal Sector - The coal sector continued to perform well, with companies like Dayou Energy achieving a six-day streak of gains [1] - National Energy Administration's strict production checks have led to a continuous contraction in domestic coal output, which is expected to drive coal prices higher [3][27] - Analysts predict that coal prices will rebound in the fourth quarter, improving profitability for coal companies [27] Natural Gas Sector - The natural gas sector saw significant activity, with companies like Changchun Gas and Guo Xin Energy hitting their daily price limits [3][18] - The onset of winter heating demand has led to increased natural gas consumption, particularly in regions like Gansu [3][18] Banking Sector - The banking sector showed resilience, with Agricultural Bank of China reaching a historical high, and several other banks also experiencing gains [6] - China Construction Bank announced plans to increase support for new industrialization, aiming to provide over 5 trillion yuan in financing to various manufacturing entities over the next three years [6] Individual Stocks - A total of 33 stocks hit their daily limit up, with a sealing rate of 66%, indicating strong investor interest in certain stocks [1] - Notable performers included Dayou Energy, which achieved a 10% increase, and Antai Group, which also saw significant gains [2][28]

Core Viewpoint - The concept of the Fujian Free Trade Zone has seen a significant increase in stock prices, with several companies experiencing a surge in their stock performance amid market fluctuations [1] Group 1: Stock Performance - Companies such as Haixia Innovation, Pingtan Development, and Haitong Development reached their daily limit up [1] - Xiamen Port Authority and Fujian Jinsen also approached their daily limit up during trading [1] - Other companies like Zhangzhou Development, Fujian Cement, China National Offshore Oil Corporation, and Sanmu Group showed notable upward movement [1]