证券代码：603162 证券简称：海通发展 公告编号：2025-129 福建海通发展股份有限公司 关于部分股票期权注销完成的公告 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 2025 年 11 月 28 日召 开了第四届董事会第三十三次会议，审议通过了公司《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》，注销部分股票期权具体情况如下：公司 2024 年股票期权与限制性股票激励计划预留授予中的 2 名激励对象因个人原因离职 不再具备激励对象资格，公司根据《上市公司股权激励管理办法》及公司《2024 年股票期权与限制性股票激励计划（草案）》的相关规定，公司对预留授予中 2 名激励对象已获授但尚未行权的 19.60 万份股票期权进行注销；公司 2025 年股 票期权与限制性股票激励计划首次授予中的 1 名激励对象因个人原因离职不再 具备激励对象资格，公司根据《上市公司股权激励管理办法》及公司《2025 年 股票期权与限制性股票激励计划（草案）》的相关规定，公司对首次授予中 ...

Core Insights - The report emphasizes that domestic demand is recovering ahead of external demand, with a focus on low base effects in 2026, making bottomed-out sectors worth attention [3] - It highlights that upstream sectors are recovering before downstream sectors, with significant demand elasticity expected in early 2026, particularly in bulk supply chains and dry bulk shipping [3] - The report notes that price increases are anticipated before volume growth, with a focus on dry bulk shipping, e-commerce logistics, and airlines benefiting from supply constraints and favorable oil exchange rates [3] Industry Overview - The transportation sector ranked 29th in the market as of December 10, 2025, reflecting significant pressure on fundamentals, with a -1% performance in the Shenwan primary transportation index [18][19] - The report identifies structural opportunities in logistics and shipping, despite the overall economic cycle affecting the sector [20] - It indicates that the transportation sector's performance is closely tied to economic fundamentals, with a notable correlation between ROE and economic cycles [23] Sub-industry Analysis - In logistics, domestic demand is stabilizing while external trade remains robust, with expectations of price increases due to anti-involution policies [11][20] - The airline sector is experiencing improvements in supply and demand, with a focus on capturing opportunities in private airlines and airport duty-free consumption recovery [11][20] - The shipping sector, particularly dry bulk shipping, is highlighted as a cost-effective opportunity for 2026, driven by supply and demand dynamics [11][20] Investment Strategy - The report suggests a strategy of seeking alpha within beta, focusing on sectors with low beta characteristics that are expected to turn around in 2026 [11][20] - It emphasizes the importance of identifying individual stocks within the transportation sector that can outperform the broader market, given the anticipated recovery in demand [11][20] - The report outlines a cautious but optimistic outlook for 2026, with a focus on sectors that have shown resilience and potential for recovery [11][20]

Core Viewpoint - The company, Haitong Development, experienced a decline of 2.78% in stock price on December 10, with a trading volume of 373 million yuan and a market capitalization of 12.02 billion yuan [1]. Company Overview - Haitong Development is located at 23 Changting Street, Taijiang District, Fuzhou, Fujian Province, and primarily engages in domestic coastal and international ocean dry bulk transportation [2][3]. - The company has established itself as a leading player in the domestic private dry bulk shipping sector, focusing on coal transportation along the Bohai Bay to Yangtze River routes, and is expanding into iron ore and other dry bulk goods [3]. Financial Performance - For the first nine months of 2025, Haitong Development reported a revenue of 3.009 billion yuan, representing a year-on-year growth of 16.32%, while the net profit attributable to shareholders decreased by 38.47% to 253 million yuan [8]. - The company's overseas revenue accounted for 65.04% of total revenue, benefiting from the depreciation of the Chinese yuan [4]. Shareholder Information - As of September 30, 2025, the number of shareholders was 26,400, a decrease of 18.54% from the previous period, with an average of 10,529 circulating shares per person, an increase of 24.72% [8]. - Haitong Development has distributed a total of 266 million yuan in dividends since its A-share listing [9]. Market Position - The company operates within the transportation sector, specifically in shipping and ports, and is associated with various concepts including the Pingtan Experimental Zone, Fujian Free Trade Zone, and the Belt and Road Initiative [8].

证券之星消息，12月8日航运港口板块较上一交易日下跌0.18%，中谷物流领跌。当日上证指数报收于 3924.08，上涨0.54%。深证成指报收于13329.99，上涨1.39%。航运港口板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000905 | 厦门港务 | 13.20 | 10.00% | | 108.53万 | 13.55 Z | | 002320 | 海峡股份 | 13.17 | 5.53% | | 69.35万 | · 9.05亿 | | 603162 | 海通发展 | 13.70 | 3.09% | | 61.70万 | 8.33亿 | | 603209 | 兴通股份 | 17.03 | 2.90% | 1 | 22.70万 | 3.83亿 | | 600179 | 安通控股 | 4.37 | 2.82% | | 112.37万 | 4.88亿 | | 601022 | 宁波远洋 | 9.37 | 2.29% | | 15.24万 | 1.4 ...

来源：新浪证券-红岸工作室 12月8日，海通发展涨3.09%，成交额8.33亿元，换手率22.11%，总市值127.16亿元。 异动分析 海峡两岸+福建自贸区+航运概念+统一大市场+人民币贬值受益 1、公司位于福建省福州市台江区长汀街23号升龙环球大厦42层。公司主要从事国内沿海以及国际远洋 的干散货运输业务。公司主要产品和服务为境内航区运输业务、境外航区运输业务。经过多年的积累， 公司已发展成为国内民营干散货航运领域的龙头企业之一。 2、公司办公地址处于福建省福州市台江区长汀街23号升龙环球大厦42层 3、公司主要从事国内沿海以及国际远洋的干散货运输业务。公司主要产品和服务为境内航区运输业 务、境外航区运输业务。 4、公司2023年半年报公告：公司主要从事国内沿海以及国际远洋的干散货运输业务。经过多年的积 累，公司已发展成为国内民营干散货航运领域的龙头企业之一。境内沿海运输方面，公司主要运输的货 物为煤炭，现已成为环渤海湾到长江口岸的进江航线中煤炭运输货运量最大的民营航运企业之一，同时 积极拓展铁矿、水渣等其他干散货物的运输业务。 公司简介 资料显示，福建海通发展股份有限公司位于福建省福州市台江区长汀街23 ...

Market Overview - As of December 5, the Shanghai Composite Index closed at 3902.81 points, up 27.01 points, with a gain of 0.70% [1] - The Shenzhen Component Index closed at 13147.68 points, up 140.96 points, with a gain of 1.08% [1] - The ChiNext Index closed at 3109.30 points, up 41.81 points, with a gain of 1.36% [1] Stock Performance - A total of 82 A-shares had a turnover rate exceeding 20% on this day, with N-Moore-U reaching a turnover rate of over 50% [1] - N-Moore-U (688795) had a closing price of 600.50 CNY, with a turnover rate of 85.49% and a remarkable increase of 425.46% [1] - Other notable stocks with high turnover rates include: - Chuling Information (300250) with a turnover rate of 46.01% and a decline of 7.22% [1] - Sichuan Jinding (600678) with a turnover rate of 44.89% and a slight decline of 0.74% [1] - C China Uranium (001280) with a turnover rate of 44.11% and a decrease of 5.18% [1] - Jinfu Technology (003018) with a turnover rate of 43.71% and a marginal increase of 0.10% [1] Additional Notable Stocks - Weston (301315) closed at 66.30 CNY with a turnover rate of 43.08% and an increase of 5.20% [1] - Haixin Food (002702) closed at 9.55 CNY with a turnover rate of 42.20% and a gain of 10.02% [1] - Tongyu Communication (002792) closed at 29.47 CNY with a turnover rate of 41.60% and an increase of 4.73% [1] - Other stocks with significant turnover rates include: - Huawu Co., Ltd. (300095) with a turnover rate of 39.34% and a decline of 2.40% [1] - Zhongneng Electric (300062) with a turnover rate of 38.89% and an increase of 12.76% [1] - Xiaocheng Technology (300139) with a turnover rate of 38.76% and a gain of 14.62% [1]

来源：新浪证券-红岸工作室 12月5日，海通发展涨3.02%，成交额7.39亿元，换手率20.72%，总市值123.45亿元。 异动分析 海峡两岸+福建自贸区+航运概念+统一大市场+人民币贬值受益 1、公司位于福建省福州市台江区长汀街23号升龙环球大厦42层。公司主要从事国内沿海以及国际远洋 的干散货运输业务。公司主要产品和服务为境内航区运输业务、境外航区运输业务。经过多年的积累， 公司已发展成为国内民营干散货航运领域的龙头企业之一。 2、公司办公地址处于福建省福州市台江区长汀街23号升龙环球大厦42层 3、公司主要从事国内沿海以及国际远洋的干散货运输业务。公司主要产品和服务为境内航区运输业 务、境外航区运输业务。 4、公司2023年半年报公告：公司主要从事国内沿海以及国际远洋的干散货运输业务。经过多年的积 累，公司已发展成为国内民营干散货航运领域的龙头企业之一。境内沿海运输方面，公司主要运输的货 物为煤炭，现已成为环渤海湾到长江口岸的进江航线中煤炭运输货运量最大的民营航运企业之一，同时 积极拓展铁矿、水渣等其他干散货物的运输业务。 5、根据2024年年报，公司海外营收占比为65.04%，受益于人民币贬值。 ...

Core Insights - The A-share market in Fujian has seen a collective surge, with several stocks experiencing significant gains, driven by favorable policies aimed at enhancing cross-strait economic integration [1][2] Group 1: Stock Performance - Zhaobiao Co. saw an increase of over 11%, with a total market value of 6.734 billion [3] - Dahua Intelligent rose by 10.09%, with a market capitalization of 7.042 billion [3] - Sun Cable increased by 10.05%, with a market value of 6.804 billion [3] - Xinhe Co. and Anji Food both rose by 10.01%, with market values of 4.853 billion and 4.163 billion respectively [3] - Longxi Co. and Longzhou Co. both reached the 10% limit-up, with market values of 10.9 billion and 4.027 billion respectively [3] - Aerospace Development and Ruineng Technology increased by over 7%, with market values of 29.5 billion and 5.801 billion respectively [3] - Other notable stocks include Hengerd and Haixia Innovation, which rose by over 6% [1] Group 2: Policy Developments - Fujian has introduced 12 new policies to benefit Taiwanese enterprises and optimize tax services for Taiwanese businesses [1] - The "14th Five-Year Plan" emphasizes the construction of transportation and logistics infrastructure to enhance cross-strait connectivity [1] - The 2023 policy document supports the establishment of a cross-strait integration development demonstration zone, focusing on collaboration between Xiamen and Kinmen, as well as Fuzhou and Matsu [1] - In 2024, a joint notice from the Ministry of Commerce, National Development and Reform Commission, and Ministry of Industry and Information Technology will support Fujian in leveraging RCEP rules to attract Taiwanese investments [1]

重要内容提示： 回购注销原因：福建海通发展股份有限公司（以下简称"公司"）2025 年 8 月 22 日召开了第四届董事会第二十九次会议以及 2025 年 10 月 10 日召开了 第四届董事会第三十一次会议，均审议通过了《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》，鉴于 2023 年限制性股票激励计划、2024 年股票期 权与限制性股票激励计划和 2025 年股票期权与限制性股票激励计划部分激励对 象因个人原因离职不再具备激励对象资格，公司拟回购注销相应部分限制性股票， 本次共计回购注销 71.1820 万股，其中 2023 年限制性股票激励计划首次授予部 分限制性股票回购注销 10.36 万股，预留授予部分限制性股票回购注销 2.0720 万股；2024 年股票期权与限制性股票激励计划首次授予部分限制性股票回购注 销 14.35 万股，预留授予部分限制性股票回购注销 9.40 万股；2025 年股票期权 与限制性股票激励计划首次授予部分限制性股票回购注销 35.00 万股。 | 回购股份数量（万股） | 注销股份数量（万股） | 注销日期 | | | | --- | --- | --- | - ...

Core Viewpoint - The company, Haitong Development, has shown a positive stock performance with a 2.53% increase in share price and a trading volume of 629 million yuan, indicating strong market interest and potential growth opportunities [1]. Company Overview - Haitong Development is located at 42nd floor, Shenglong Global Building, 23 Changting Street, Taijiang District, Fuzhou, Fujian Province, and primarily engages in domestic coastal and international ocean dry bulk transportation [2][3]. - The company has established itself as a leading player in the domestic private dry bulk shipping sector, focusing on coal transportation and expanding into iron ore and other dry bulk goods [3]. Financial Performance - For the first nine months of 2025, Haitong Development reported a revenue of 3.009 billion yuan, reflecting a year-on-year growth of 16.32%, while the net profit attributable to shareholders decreased by 38.47% to 253 million yuan [8]. - The company's overseas revenue accounted for 65.04% of total revenue, benefiting from the depreciation of the Chinese yuan [4]. Market Activity - The stock has seen a net inflow of 25.1883 million yuan from major investors today, with a ranking of 3 out of 35 in its industry, indicating a positive trend in investor sentiment [5]. - The average trading cost of the stock is 11.93 yuan, with the current price approaching a resistance level of 13.08 yuan, suggesting potential for upward movement if this level is surpassed [7]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 18.54% to 26,400, while the average number of circulating shares per person increased by 24.72% to 10,529 shares [8].