Core Viewpoint - Liao Yu Group Co., Ltd. has increased its stake in Bohai Ferry by acquiring 5.3264 million shares for a total of 45.9853 million yuan, representing 1.14% of the company's total equity [1] Summary by Relevant Sections - **Shareholding Increase** - Liao Yu Group's total shareholding in Bohai Ferry has risen to 188,485,105 shares, which constitutes 40.18% of the company's total equity [1] - **Funding Sources** - The funds for this share acquisition were sourced from the company's own funds and a special loan for stock repurchase, with the actual investment exceeding the lower limit of the planned increase [1] - **Control and Ownership** - This share increase will not result in any changes to the company's controlling shareholder or actual controller [1]

Core Viewpoint - Bohai Ferry (603167) announced on November 6 that the number of its shareholders is expected to reach 24,192 by October 31, 2025 [1] Summary by Category - **Company Information** - Bohai Ferry's current shareholder count is projected to be 24,192 by the end of October 2025 [1]

Group 1 - The core point of the article is the resignation of Yang Hao from the board of directors of Bohai Ferry due to job relocation, effective November 6, 2025 [1] - After his resignation, Yang Hao will no longer hold any position within the company [1] - As of the report, Bohai Ferry has a market capitalization of 4.9 billion yuan [1] Group 2 - For the fiscal year 2024, Bohai Ferry's revenue composition is as follows: passenger roll-on/roll-off transport accounts for 87.89%, cargo roll-on/roll-off transport for 12.01%, other businesses for 0.07%, and other categories for 0.03% [1]

证券代码：603167 证券简称：渤海轮渡 公告编号：2025-033 渤海轮渡集团股份有限公司 渤海轮渡集团股份有限公司（以下简称"公司"）董事会于 2025 年 11 月 6 日收到公司董事杨昊先生的书面辞职报告，杨昊先生因工作调动原因申请辞去公 司第六届董事会董事职务以及董事会战略委员会委员、审计委员会委员、薪酬与 考核委员会委员职务。辞职后，杨昊先生不再担任公司任何职务。 | 姓名 | 离任职务 | 离任时间 | | 原定任期到 | 离任 | 是否继续在 上市公司及 | 具体职务 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 期日 | 原因 | 其控股子公 司任职 | （如适用） | 公开承诺 | | | 董事及董事会战略 委员会委员、审计 | 2025 年 | | 2026 年 | 工作 | | | | | 杨昊 | 委员会委员、薪酬 | 11 月 6 | 日 5 | 月 18 日 | 调动 | 否 | 不适用 | 否 | | | 与考核委员会委员 | | | | | | | | 一 ...

Core Points - The company announced the resignation of director Yang Hao due to job relocation, effective November 6, 2025 [1] - Following his resignation, Yang Hao will no longer hold any position within the company [1] Summary by Categories Company Management - Yang Hao submitted a written resignation report to the board, resigning from his position as a director and from the strategic committee, audit committee, and compensation and assessment committee [1] - The resignation is attributed to work relocation reasons [1]

本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间：2025 年 11 月 5 日 证券代码：603167 证券简称：渤海轮渡 公告编号：2025-032 渤海轮渡集团股份有限公司 2025年第一次临时股东大会决议公告 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： （二）股东大会召开的地点：渤海轮渡集团股份有限公司一楼会议室 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1. | 出席会议的股东和代理人人数 | 227 | | --- | --- | --- | | 2. | 出席会议的股东所持有表决权的股份总数（股） | 212,792,715 | | 3. | 出席会议的股东所持有表决权股份数占公司有表决权股 | | | | 份总数的比例（%） | 45.3576 | （四）表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次股东大会由公司董事会召集。公司董事长吕大强先生主持本次股东大会， 采用现场与网络相结合的投票方式表决。本次股 ...

关于渤海轮渡集团股份有限公司 2025 年第一次 临时股东大会的法律意见书 致:渤海轮渡集团股份有限公司 山东滨海正大律师事务所 (以下简称"本所")接受渤海轮 渡集团股份有限公司(以下简称"渤海轮渡"或"公司")的委托， 就渤海轮渡召开 2025 年第一次临时股东大会（以下简称"本次 股东大会"）的有关事宜，根据《中华人民共和国公司法》(以 下简称"《公司法》")《中华人民共和国证券法》（以下简称"《证 券法》"）《上市公司股东会规则》等法律、法规和其他规范性 文件以及《渤海轮渡集团股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师审查了渤海轮渡提供的有关 本次股东大会的下列文件，包括但不限于： 1.公司章程； 2.公司股东大会议事规则； 3.公司第六届董事会第十九次会议决议； 山东滨海正大律师事务所 ZHENG DA LAW FIRM CORPORATION 中国烟台市环山路 3 号润利大厦 7 楼（邮政编码：264000） 7 th Floor, Run Li Building, 3 Huan Shan Road, Yantai 264000, ...

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]

Core Viewpoint - The company aims to enhance its operational efficiency and profitability through various strategic measures, while also noting its current position relative to competitors in the ferry industry [1] Group 1: Company Comparison - COSCO Shipping Ferry operates 12 vessels, while Bohai Ferry operates 14 vessels, indicating a slight advantage in fleet size for Bohai Ferry [1] - The average age of vessels in COSCO Shipping Ferry is higher than that of Bohai Ferry, suggesting potential inefficiencies in operations [1] Group 2: Strategic Initiatives - The company plans to improve its profitability by updating and renovating its fleet, engaging in joint marketing efforts, enhancing vessel utilization, improving management efficiency, and controlling costs [1] - A collaborative mechanism termed "South-North linkage + resource complementarity" will be established to maximize synergistic benefits [1]

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]