Group 1 - The shipping and port sector increased by 0.4% compared to the previous trading day, with Haixia Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] - Key stocks in the shipping and port sector showed various performance, with Haixia Co., Ltd. closing at 14.02, up 4.08%, and China Merchants Energy Shipping at 12.44, up 2.56% [1] Group 2 - The shipping and port sector experienced a net outflow of 106 million yuan from institutional investors and 140 million yuan from speculative funds, while retail investors saw a net inflow of 246 million yuan [2] - The table of fund flows indicates that China Merchants Energy Shipping had a net inflow of 505.22 million yuan from institutional investors, while Haixia Co., Ltd. had a net inflow of 135.61 million yuan from retail investors [3] - The overall market sentiment in the shipping and port sector reflects mixed investor behavior, with institutional and speculative funds withdrawing while retail investors are actively buying [2][3]

证券日报网讯海峡股份（002320）10月29日发布公告，在公司回答调研者提问时表示，中远海运客运拥 有12艘船舶运力，而渤海轮渡（603167）拥有14艘船舶，在船舶数量上渤海轮渡略多于中远海运客运。 中远海运客运平均船龄高于渤海轮渡，经营效率有待进一步提升。未来，公司将通过运力更新改造、联 合营销、提升船舶使用效率、提高管理效率、成本管控等措施，提升中远海运客运的持续盈利能力，同 时构建"南北联动+资源互补"协作机制，最大限度发挥协同效益。 ...

Investment Rating - The report rates the transportation industry as "Outperform" [1] Core Views - Crude oil freight rates have decreased month-on-month, while container shipping rates on long-distance routes have increased. The China Import Crude Oil Comprehensive Index (CTFI) reported 1632.26 points on October 23, down 8.9% from October 16. The VLCC market remains cautious due to the implementation of special port fees between China and the US, leading to a weak sentiment among shipowners [2][13] - Guangdong Province has released a high-quality development plan for the low-altitude economy, aiming to establish itself as a national leader in this sector. The civil aviation industry has shown steady growth in the first three quarters of 2025, with a total transport turnover of 1220.3 billion ton-kilometers, a year-on-year increase of 10.3% [2][15][16] - In Shenzhen, the monthly delivery volume of autonomous vehicles has surpassed one million, with a year-on-year growth of 12.7% in express delivery volume in September. The postal industry reported a total business income of 152.57 billion yuan in September, up 6.8% year-on-year [2][22][24] Summary by Sections Industry Hot Events - Crude oil freight rates have decreased, while container shipping rates on long-distance routes have increased. The CTFI reported a decrease of 8.9% [2][13] - Guangdong's low-altitude economy development plan aims to optimize airspace management and promote low-altitude logistics [15][16] - Shenzhen's autonomous vehicle delivery volume has exceeded one million, with express delivery volume growing by 12.7% [22][24] High-Frequency Data Tracking - The Baltic Air Freight Price Index has increased month-on-month but decreased year-on-year. The Shanghai outbound air freight price index has shown a month-on-month increase of 6.9% [26] - Domestic cargo flights have increased by 3.05% year-on-year, while international flights have risen by 15.86% [32] - The express delivery business volume in September increased by 12.7% year-on-year, with total business income reaching 127.37 billion yuan [50][54] Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping Specialized Carriers, China Merchants Energy Shipping, and Huamao Logistics [4] - Pay attention to the low-altitude economy investment opportunities, recommending CITIC Offshore Helicopter [4] - Consider investment opportunities in the highway and railway sectors, recommending companies like Gansu Expressway and Beijing-Shanghai High-Speed Railway [4] - Explore investment opportunities in the express delivery sector, recommending SF Express, Jitu Express, and Yunda Express [4]

Core Insights - The shipping and port sector experienced a rise of 0.58% on October 27, with Bohai Ferry leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance Summary - Bohai Ferry (603167) closed at 10.37, up 4.85%, with a trading volume of 203,300 shares and a turnover of 209 million yuan [1] - China Ocean Shipping (601083) closed at 12.39, up 1.56%, with a trading volume of 143,800 shares and a turnover of 178 million yuan [1] - The overall performance of the shipping and port sector stocks showed mixed results, with some stocks experiencing declines [2] Capital Flow Analysis - The shipping and port sector saw a net outflow of 363 million yuan from institutional investors, while retail investors contributed a net inflow of 336 million yuan [2] - The data indicates that retail investors were more active in the market compared to institutional investors on that day [2] Individual Stock Capital Flow - China Ocean Shipping (601919) had a net inflow of 2.32 billion yuan from institutional investors, while it faced a net outflow of 1.78 billion yuan from speculative funds [3] - China Ocean Energy (600026) saw a net inflow of 30.53 million yuan from institutional investors, with a net outflow of 64.80 million yuan from retail investors [3] - The capital flow data highlights the varying levels of interest from different types of investors across the sector [3]

截至发稿，曲径累计任职时间10年166天，现任基金资产总规模26.89亿元，任职期间最佳基金回报 191.48%， 任职期间最差基金回报-24.21%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 数据显示，中欧基金旗下1只基金重仓渤海轮渡。中欧国企红利混合A（019015）二季度持有股数29.71 万股，占基金净值比例为3.23%，位居第五大重仓股。根据测算，今日浮盈赚取约14.86万元。连续5天 上涨期间浮盈赚取9.51万元。 中欧国企红利混合A（019015）成立日期2023年9月25日，最新规模3380.38万。今年以来收益9.14%， 同类排名6032/8226；近一年收益11.65%，同类排名5462/8099；成立以来收益20.91%。 中欧国企红利混合A（019015）基金经理为曲径。 10月27日，渤海轮渡涨5.06%，截至发稿，报10.39元/股，成交1.33亿元，换手率2.78%，总市值48.74亿 元。渤海轮渡股价已经连续5天上涨，区间累计涨幅 ...

智通财经APP讯，渤海轮渡(603167.SH)披露2025年第三季度报告，公司前三季度实现营收14.28亿元， 同比增长1.07%;归母净利润2.72亿元，同比增长5.68%;扣非净利润1.97亿元，同比增长2.75%;基本每股 收益0.58元。 ...

Core Viewpoint - Bohai Ferry (603167.SH) reported a positive financial performance for the third quarter, indicating growth in both revenue and net profit compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 700 million yuan, representing an 8.30% year-on-year increase [1] - The net profit attributable to shareholders of the listed company was 170 million yuan, reflecting an 11.61% year-on-year growth [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 168 million yuan, which is a 12.90% increase year-on-year [1] - Basic earnings per share stood at 0.36 yuan [1]

人民财讯10月24日电，渤海轮渡（603167）10月24日发布2025年三季报，公司第三季度营业收入7亿 元，同比增长8.3%；净利润1.7亿元，同比增长11.61%。前三季度营业收入14.28亿元，同比增长 1.07%；净利润2.72亿元，同比增长5.68%；基本每股收益0.58元。 ...

Financial Performance - The company's operating revenue for Q3 2025 was CNY 699,955,370.34, representing an increase of 8.30% year-over-year[2] - Total profit for the period reached CNY 261,671,853.36, reflecting a growth of 13.52% compared to the same quarter last year[2] - Net profit attributable to shareholders was CNY 170,224,170.37, up by 11.61% year-over-year[2] - The basic earnings per share for the quarter was CNY 0.36, an increase of 9.09% year-over-year[2] - The weighted average return on equity increased by 0.85 percentage points to 4.97% for the quarter[2] - The company's operating profit for the first three quarters of 2025 reached CNY 431,007,251.95, an increase of 7.1% compared to CNY 402,435,199.20 in the same period of 2024[14] - Net profit attributable to shareholders of the parent company was CNY 271,807,539.53, up from CNY 257,193,670.56, reflecting a growth of 5.4% year-over-year[15] - The total revenue from sales of goods and services amounted to CNY 1,499,868,667.04, compared to CNY 1,269,707,961.38 in the previous year, indicating a year-over-year increase of 18.1%[17] - The total comprehensive income for the first three quarters of 2025 was CNY 320,073,073.23, compared to CNY 299,219,057.06 in 2024, reflecting an increase of 6.9%[15] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was CNY 535,150,269.86, showing a significant increase of 105.37%[2] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 535,150,269.86, significantly higher than CNY 260,584,770.92 in 2024, marking an increase of 105.5%[18] - The company experienced a net cash outflow from investing activities of CNY 2,272,480.11, contrasting with a net inflow of CNY 8,285,941.84 in the previous year[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,262,124,225.09, a decrease of 4.53% from the end of the previous year[3] - As of September 30, 2025, total assets were RMB 4,262,124,225.09, a decrease from RMB 4,464,345,129.00 at the end of 2024, representing a decline of approximately 4.5%[10] - Total liabilities as of September 30, 2025, were RMB 508,263,325.95, down from RMB 663,077,197.23 at the end of 2024, showing a reduction of about 23.4%[11] - The company's total equity as of September 30, 2025, was RMB 3,753,860,899.14, a slight decrease from RMB 3,801,267,931.77 at the end of 2024, representing a decline of about 1.2%[11] Operating Costs - Total operating costs for the first three quarters of 2025 were RMB 1,101,134,068.09, down from RMB 1,103,748,211.64 in 2024, indicating a decrease of about 0.2%[13] - Operating costs specifically amounted to RMB 995,183,343.84, which is a marginal increase from RMB 994,052,074.03 in the previous year[13] - The company reported a decrease in financial expenses to CNY 3,766,740.75 from CNY 6,579,526.34, a reduction of 42.5%[14] Other Income and Subsidies - The company received government subsidies amounting to CNY 2,930,154.98 during the quarter, contributing positively to the financial results[4] - The total non-recurring gains and losses for the year-to-date period amounted to CNY 1,887,154.05, after accounting for tax effects[4] - The company reported a significant increase in other income to CNY 99,320,450.94 from CNY 111,838,223.04, indicating a decrease of 11.2% year-over-year[14] Inventory and Receivables - Accounts receivable decreased to RMB 138,662,094.85 from RMB 166,832,668.35, reflecting a decline of about 17%[9] - Inventory levels were reported at RMB 156,281,463.01, slightly down from RMB 158,685,716.29, indicating a decrease of approximately 1.5%[9]

渤海轮渡集团股份有限公司 2025 年第一次临时股东大会会议材料 证券代码：603167 证券简称：渤海轮渡 渤海轮渡集团股份有限公司 2025 年第一次临时股东大会会议材料 2025 年 11 月 5 日 1 渤海轮渡集团股份有限公司 2025 年第一次临时股东大会会议材料 渤海轮渡集团股份有限公司 2025 年第一次临时股东大会议程 现场会议时间：2025 年 11 月 5 日 14:30 网络投票时间：采用上海证券交易所网络投票系统，通 过交易系统投票平台的投票时间为股东大会召开当日的交 易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互 联 网 投 票 平 台 的 投 票 时 间 为 股 东 大 会 召 开 当 日 的 9:15-15:00。 会议地点：渤海轮渡集团股份有限公司一楼会议室 会议主持人：吕大强董事长 会议参加人员：公司股东及股东代表、董事、监事、高 级管理人员、见证律师 | 序号 | 会 议 内 容 | | --- | --- | | 一 | 主持人宣布会议开始并报告会议出席情况 | | 二 | 推选现场投票监票人、计票人 | | 三 | 会议审议事 ...