二〇二五年五月 中信证券股份有限公司、 上海证券交易所： 兴通海运股份有限公司（以下简称"兴通股份""发行人"或"公司"）向 特定对象发行股票（以下简称"本次发行"）已获得中国证券监督管理委员会（以 下简称"中国证监会"）《关于同意兴通海运股份有限公司向特定对象发行股票 注册的批复》（证监许可〔2024〕926 号）同意注册。 兴业证券股份有限公司 关于 兴通海运股份有限公司 2023年度向特定对象发行A股股票 发行过程和认购对象合规性的报告 保荐人（主承销商）：中信证券股份有限公司 联席主承销商：兴业证券股份有限公司 中信证券股份有限公司（以下简称"中信证券""保荐人（主承销商）"或 "主承销商"）作为兴通股份本次发行的保荐人（主承销商），兴业证券股份有 限公司（以下简称"兴业证券"）作为本次发行的联席主承销商，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》"）《证券发行与承销管理办法》（以下简称"《发行与承 销管理办法》"）《上市公司证券发行注册管理办法》（以下简称"《注册管理 办法》"）《上海证券交易所上市公司证券发行与承销业务实施细则》（以下简 ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The shipping industry is experiencing a surge in demand due to a recent temporary reduction in tariffs between China and the US, leading to a significant increase in shipping volumes on the US route. The average booking volume surged by 277% compared to the previous week [5] - The Shanghai Export Container Freight Index (SCFI) rose by 10.0% week-on-week, indicating a strong recovery in shipping rates, particularly for routes to the US [6] - The logistics sector is showing resilience, with express delivery volumes in April increasing by 19.1% year-on-year, reflecting robust demand across various sectors [9] - The airline industry is expected to benefit from macroeconomic recovery, with a long-term supply-demand imbalance favoring growth in the sector [12] Summary by Sections Shipping Vessels - The recent tariff reductions have led to a surge in demand for shipping services, particularly on the US route, with a projected increase in freight rates over the next 2-3 months due to supply constraints [5] - The average weekly capacity for the US route is expected to be 500,000 TEU, down 6% from last year [5] - The oil tanker market is facing supply tightness due to limited new orders and an aging fleet, which is expected to sustain high demand in the coming years [12] Express Logistics - In April, the express delivery industry in China saw a business volume of 16.32 billion pieces, a year-on-year increase of 19.1%, with revenue reaching 121.28 billion yuan, up 10.8% [9] - The concentration index for express delivery brands (CR8) was 86.7, indicating a stable competitive landscape [9] Aviation and Airports - The airline industry is poised for growth due to low supply growth and recovering demand, with key companies to watch including China Southern Airlines and Air China [12] - The passenger transport volume in March was approximately 59 million, reflecting a year-on-year increase of 3.5% [50] Overall Market Performance - From May 12 to May 16, the transportation index rose by 2.12%, outperforming the Shanghai Composite Index [17] - The shipping sector saw the highest increase at 7.42%, indicating strong market performance [17]

证券代码：603209 证券简称：兴通股份 公告编号：2025-042 一、调研基本情况 调研时间：2025 年 5 月 14 日 调研方式：2025 年福建辖区上市公司投资者网上集体接待日活动 调研机构及人员名称：线上参与活动的投资者 公司接待人员：董事会秘书/财务负责人黄木生先生，证券事务代表柳思颖 女士 二、调研主要内容 （一）交流的主要问题及公司回复概要 兴通海运股份有限公司 关于接待投资者调研情况的公告 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。 兴通海运股份有限公司（以下简称"公司"）于 2025 年 5 月 14 日通过"2025 年福建辖区上市公司投资者网上集体接待日活动"接待了投资者调研，现将主要 情况公告如下： 问题 1：相关市场报道，受中美贸易谈判利好影响，美股、港股中的航运股 均大涨。我们如何看待接下来的航运市场？航运市场会带来较大的提升吗？对 我们公司有哪些积极的影响？ 回复：中美贸易谈判结果释放双方经贸关系缓和的积极信号，整个海运市场 信心得到提升。近年来全球液体化学品海上运输需求稳中有升，同时 ...

Group 1 - The company, Xingtong Shipping Co., Ltd., has established a special account for the management of raised funds and signed a regulatory agreement for the storage of these funds [1][2][3] - The company has publicly issued 50 million shares at a price of 21.52 RMB per share, raising a total of 1,076 million RMB, with a net amount of 990.27 million RMB after deducting various fees [2][3] - The funds have been deposited into a special account approved by the company's board of directors, and a regulatory agreement has been signed with CITIC Securities and the commercial bank holding the funds [2][3] Group 2 - The company held board and shareholder meetings to approve the establishment of the special account and the signing of the regulatory agreement [3][4] - The regulatory agreements involve multiple parties, including the company, its subsidiaries, and banks, to ensure proper management and protection of investor rights [4][10] - Specific details of the special accounts include account numbers and balances, with funds allocated for specific projects, such as the construction of chemical tankers [4][11][16] Group 3 - The agreements stipulate that the funds in the special accounts can only be used for designated purposes and cannot be mixed with other funds [5][12] - The agreements also outline the responsibilities of the parties involved, including the supervision of fund usage by the sponsor and the requirement for monthly account statements [6][13] - Provisions are included for the management of cash investment products, ensuring that any returns are reinvested into the special accounts [5][12][18]

一、募集资金基本情况 证券代码：603209 证券简称：兴通股份 公告编号：2025-041 兴通海运股份有限公司 关于全资子公司开立募集资金专用账户并签订 募集资金专户存储监管协议的公告 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。 经中国证券监督管理委员会《关于核准兴通海运股份有限公司首次公开发行 股票的批复》（证监许可[2022]303 号）核准，兴通海运股份有限公司（以下简 称"公司"）向社会公众公开发行人民币普通股股票（A 股）5,000 万股，发行 价格为每股 21.52 元。本次发行募集资金总额为 107,600.00 万元，扣除保荐承销 费用、审计验资费用、律师费用、用于本次发行的信息披露费用、发行上市手续 费用及其他费用 8,573.33 万元（不含税）后，实际募集资金净额为 99,026.67 万 元。上述募集资金已于 2022 年 3 月 21 日全部到账，容诚会计师事务所（特殊普 通合伙）就募集资金到账事项进行了审验并出具了《验资报告》（容诚验字 [2022]361Z0017 号）。上述募集资金现存放 ...

（广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 二〇二五年四月 （注册稿） 保荐人（主承销商） 证券简称：兴通股份 证券代码：603209 兴通海运股份有限公司 Xingtong Shipping Co., Ltd. （福建省泉州市泉港区驿峰东路 295 号兴通海运大厦 8-9 楼） 2023 年度向特定对象发行 A 股股票 募集说明书 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 重大事项提示 中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断 或保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 兴通海运股份有限公司 募集说明书 1-1-1 声 明 本公司及全体董事、监事、高级管理人员承诺 ...

证券代码：603209 证券简称：兴通股份 公告编号：2025-040 兴通海运股份有限公司 关于参加 2025 年福建辖区上市公司投资者 网上集体接待日活动的公告 兴通海运股份有限公司董事会 2025 年 5 月 9 日 为进一步加强与投资者的互动交流，兴通海运股份有限公司（以下简称"公 司"）将参加由福建证监局、福建省上市公司协会与深圳市全景网络有限公司联 合举办的"2025 年福建辖区上市公司投资者网上集体接待日活动"，现将相关 事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 5 月 14 日（周三）15:30-17:00。届时公司 高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计划、 股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与！ 特此公告！ 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 ...

Investment Rating - The report maintains a positive outlook on the shipping industry, particularly with the recommendation of companies such as China Merchants Energy, COSCO Shipping Energy, and Xingtong Co. [3][20] Core Viewpoints - OPEC has agreed to increase oil production by 411,000 barrels per day, which is expected to enhance the certainty of improvement in the shipping market in Q2 [3][20] - The report highlights the resilience of major ports and anticipates improvements in Southeast Asia's shipping and oil tanker sectors [3][20] - The report suggests that the "off-season" for shipping may not be as weak as expected, with a higher probability of strong performance from May to August [3][20] Summary by Sections Shipping Industry - OPEC's production increase will lead to a cumulative increase of 960,000 barrels per day over April, May, and June, which is 44% of the total expected increase of 2.2 million barrels per day [3][20] - The report notes that April shipping rates have risen against seasonal trends, indicating a potential for stronger performance in the second half of the year [3][20] - VLCC rates have decreased by 9% to $46,903 per day, but the overall market remains relatively strong with expectations for a rebound post-holiday [3][20][21] Air Transportation - The report indicates that oil prices, influenced by tariffs and OPEC's production increase, are relieving cost pressures on airlines [40] - The domestic air travel market is expected to recover, with passenger volumes projected to reach 10.75 million during the May Day holiday, a year-on-year increase of 8% [41][40] - Recommended stocks in the aviation sector include China Eastern Airlines, Spring Airlines, and China Southern Airlines [42] Express Delivery - The express delivery sector is experiencing high growth, with March volumes reaching 16.66 billion packages, a year-on-year increase of 20.3% [44] - The report emphasizes the potential for market share concentration among leading companies due to favorable policy changes [44] - Recommended companies include SF Holding, JD Logistics, and YTO Express [46] Railway and Highway - The report highlights the resilience of railway freight and highway truck traffic, with railway cargo volume increasing by 3% and highway truck traffic by 2.25% [48] - The report suggests that traditional high-dividend investment themes and potential value management catalysts will be key investment lines for the highway sector throughout 2025 [48]

证券代码：603209 证券简称：兴通股份 公告编号：2025-039 兴通海运股份有限公司 关于接待投资者调研情况的公告 二、调研主要内容 （一）公司 2025 年第一季度经营情况 1、运力规模 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。 兴通海运股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日至 4 月 30 日通过线上/现场投资者交流会和线上业绩说明会的形式接待了投资者调研， 现将主要情况公告如下： 一、调研基本情况 调研时间：2025 年 4 月 28 日至 4 月 30 日 调研方式：线上/现场投资者交流会、线上业绩说明会 调研机构及人员名称（排名不分先后）：华西银峰投资、湖南轻盐创投、江 西大成资本、国泰租赁、青岛城投城金、第一创业投资、浙江发展资产、鹿秀投 资、福建产业基金、济南城建投资、佳杰投资、山东海投、上海般胜基金、晋江 元诚基金、鼎赣投资、国君资管、陕西产投、善行四海资产、财通基金、金丰创 晟、蓝海国投、东方嘉富、建发新兴产投、华文创投、允泰资本、迪策投资、国 新证券、上海亿衍、宁波 ...