第二届董事会第十五次会议决议公告 证券代码：603209 证券简称：兴通股份 公告编号：2024-030 兴通海运股份有限公司 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。 一、董事会会议召开情况 兴通海运股份有限公司（以下简称"公司"）于 2024 年 4 月 5 日以邮件方式 发出召开第二届董事会第十五次会议的通知。2024 年 4 月 8 日，第二届董事会 第十五次会议以现场结合通讯方式在公司七楼会议室召开，应出席本次会议的董 事 11 人，实际出席本次会议的董事 11 人，公司监事和高级管理人员列席会议。 本次会议由董事长陈兴明先生召集并主持，本次董事会会议的召开符合有关法 律、行政法规、部门规章、规范性文件以及《兴通海运股份有限公司章程》（以 下简称"《公司章程》"）有关规定。 二、董事会会议审议情况 与会董事经认真审议和表决，通过如下决议： （一）审议通过《兴通海运股份有限公司关于全资子公司投资建造不锈钢 化学品船舶暨提供担保的议案》 会议同意公司通过全资子公司兴通海运（香港）有限公司分别向兴通海象航 运有限公司 ...

重大资产购买 之 2023 年度持续督导意见 独立财务顾问 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 中信证券股份有限公司 关于 兴通海运股份有限公司 二〇二四年四月 兴通海运股份有限公司 2023 年度持续督导意见 独立财务顾问声明 中信证券股份有限公司接受兴通海运股份有限公司委托，担任其 2022 年重 大资产购买的独立财务顾问。根据《上市公司重大资产重组管理办法》《上市公 司并购重组财务顾问业务管理办法》等有关规定，按照证券行业公认的业务标准、 道德规范，本着诚实信用、勤勉尽责的态度，结合上市公司 2023 年年度报告等 资料，本独立财务顾问经过审慎核查，出具关于本次重大资产购买的 2023 年度 持续督导意见。 本持续督导意见所依据的文件、材料由交易各方提供，交易各方保证所提供 的相关信息真实、准确和完整，没有虚假记载、误导性陈述或者重大遗漏。 本持续督导意见不构成对上市公司的任何投资建议，投资者根据本报告所做 出的任何投资决策而产生的相应风险，本独立财务顾问不承担任何责任。 本独立财务顾问未委托或授权任何机构和个人提供未在本持续督导意见中 列载的信息和对本持续督导意见做任何解释或者 ...

截至 2024 年 3 月 31 日，兴通海运股份有限公司（以下简称"公司"） 通过上海证券交易所交易系统以集中竞价交易方式累计回购公司 A 股普通股股 票 4,072,473 股，占公司总股本 280,000,000 股的比例为 1.45%，回购的最高成交 价格为人民币 17.20 元/股，最低成交价格为人民币 11.08 元/股，已累计支付的资 金总额为人民币 63,696,224.02 元（不含印花税、交易佣金等交易费用）。 证券代码：603209 证券简称：兴通股份 公告编号：2024-029 一、回购股份的基本情况 公司于 2023 年 10 月 8 日召开了第二届董事会第十次会议，审议通过了《兴 通海运股份有限公司关于以集中竞价交易方式回购公司股份的议案》，同意公司 使用自有资金以集中竞价交易方式回购部分公司 A 股普通股股票，回购股份的 资金总额不低于人民币 5,000 万元（含）且不超过人民币 8,000 万元（含），回 购价格不超过人民币 27.00 元/股（含），回购股份将用于员工持股计划或者股权 激励计划，回购股份期限自董事会审议通过本次回购方案之日起不超过 12 个月。 具体内容详见公 ...

Group 1: Company Overview and Performance - As of December 31, 2023, the company operates a total of 33 vessels with a total capacity of 384,900 deadweight tons, including 27 domestic vessels (capacity: 287,700 deadweight tons) and 6 foreign vessels (capacity: 97,200 deadweight tons) [3] - The total cargo volume in 2023 reached 1,110.41 million tons, representing a year-on-year increase of 36.32% [4] - The company achieved an operating revenue of 1.237 billion yuan in 2023, an increase of 57.66% year-on-year, and a net profit attributable to shareholders of 252 million yuan, up 22.28% year-on-year [4] Group 2: Strategic Development Plans - The company will steadily advance its "1+2+1" strategic development plan, focusing on safety and customer-first principles while enhancing compliance and cost reduction [4] - Plans include optimizing customer service, enhancing safety management, and expanding market share through vessel acquisitions and mergers [5] - The company aims to transform into a comprehensive service provider for the chemical supply chain by building a digital platform [5] Group 3: Market Position and Competitiveness - The company has over 20 years of experience in hazardous chemical transportation, maintaining a high-quality and sustainable development approach [6] - Key competitive advantages include a young and high-end fleet, strong safety management capabilities, and a well-established transportation network [6] - The company plans to enhance its market share through new capacity reviews and market mergers and acquisitions [6] Group 4: International Expansion and Future Outlook - Currently, the company operates 7 foreign trade vessels with a total capacity of 102,500 deadweight tons, with plans to add 1 vessel (capacity: 13,000 deadweight tons) in the second half of 2024 and 2 vessels (capacity: 25,900 deadweight tons) in 2025 [6] - The foreign trade business generated revenue of 313 million yuan in 2023, with a gross margin of 24.94% [7] - The company is actively pursuing opportunities to expand its foreign trade fleet and improve operational efficiency [7] Group 5: Shareholder Engagement and Future Financing - The company disclosed plans for a share repurchase program aimed at employee stock ownership or incentive plans, with ongoing implementation [7] - A proposal for a private placement to raise funds for acquiring 4 stainless steel chemical vessels and 2 LPG vessels was disclosed on April 1, 2023 [8] - The private placement was approved by the Shanghai Stock Exchange on December 21, 2023, pending further regulatory approval [8]

兴通海运股份有限公司 2023 年年度股东大会会议资料 2023 年年度股东大会会议须知 股票代码：603209 中国●泉州 二 Ο 二四年四月 目 录 | 兴通海运股份有限公司 2023 年年度股东大会会议须知 1 | | | --- | --- | | 兴通海运股份有限公司 2023 年年度股东大会会议议程 3 | | | 兴通海运股份有限公司 2023 年年度股东大会会议议案 6 | | | 年度董事会工作报告》的议案 议案一：兴通海运股份有限公司关于《2023 | 6 | | 议案二：兴通海运股份有限公司关于《2023 年度监事会工作报告》的议案 | 7 | | 议案三：兴通海运股份有限公司关于 年年度报告全文及摘要的议案 2023 | 8 | | 议案四：兴通海运股份有限公司关于《2023 年度财务决算报告》的议案 | 9 | | 议案五：兴通海运股份有限公司关于公司 年度利润分配预案的议案 2023 | 10 | | 议案六：兴通海运股份有限公司关于部分募投项目结项并将节余募集资金永久补充流动 | | | 资金的议案 12 | | | 议案七：兴通海运股份有限公司关于 2024 年度公司及所属子公 ...

中信证券股份有限公司 关于兴通海运股份有限公司 2023年持续督导年度报告书 | 上市公司：兴通海运股份有限公司（以下简称"兴通股份""公司"） | | | --- | --- | | 保荐人名称：中信证券股份有限公司（以下简称"中信证券"或"保荐人"） | | | 保荐代表人姓名：马锐 | 联系电话：0591-86216503 | | 保荐代表人姓名：张新 | 联系电话：021-20262359 | 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 1 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2024 年 3 月 21 日对公司进行了现场检查。 4、本持续督导期间，保荐人根据相关法规和规范性文件的要求履行持续督 导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； 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，并经上海证券交易所同意，公司 首次向社会公开发行人民币普通股（A 股）5,000 万股，每股 ...

研究所： 证券分析师： 祝玉波 S0350523120005 zhouyb01@ghzq.com.cn [Table_Title] 内生外延快速发展，看好公司长期价值与成长机 会 最近一年走势 | --- | --- | --- | --- | |---------------------|-----------|--------|------------------| | 相对沪深 300 \n表现 | 表现 \n1M | 3M | 2024/03/22 \n12M | | 兴通股份 | 7.7% | -14.1% | -41.5% | | 沪深 300 | 1.7% | 6.2% | -11.4% | | 市场数据 | | | 2024/03/22 | | 当前价格（元） | | | 14.11 | | 52 周价格区间（元） | | | 10.53-38.33 | | 总市值（百万） | | | 3,950.80 | | 流通市值（百万） | | | 2,585.30 | | 总股本（万股） | | | 28,000.00 | | 流通股本（万股） | | | 18,322.50 | | 日均成交额（百 ...

Investment Rating - The report maintains a "Recommended" rating for the company [1][2] Core Views - The company achieved a total revenue of 1.24 billion, a year-on-year increase of 58%, with a net profit attributable to shareholders of 250 million, up 22% year-on-year [1] - The company has seen a steady increase in its market share in the domestic chemical transportation sector, with a rise in liquid chemical transportation capacity from approximately 12% in 2022 to 14.22% in 2023 [1] - The report projects a compound annual growth rate (CAGR) of 20% for net profit from 2024 to 2026, with an expected net profit of 3.1 billion in 2024 [1] Financial Performance Summary - **2023 Financials**: - Total revenue: 1.24 billion, up 58% year-on-year - Gross profit: 410 million, up 26% year-on-year, with a gross margin of 33% - Net profit: 250 million, up 22% year-on-year, with a net profit margin of 20% [1][10] - **Quarterly Performance**: - Q4 2023 revenue: 330 million, up 47% year-on-year and 17% quarter-on-quarter - Q4 2023 net profit: 70 million, up 42% year-on-year and 56% quarter-on-quarter [1][10] - **Profit Forecast**: - 2024E net profit: 310 million, 2025E: 380 million, 2026E: 450 million, with corresponding EPS of 1.12, 1.36, and 1.60 [1][11] Business Structure and Market Position - **By Product**: - Revenue from chemical transportation: 930 million (75% of total), refined oil transportation: 260 million (21%), LPG transportation: 50 million (4%) [1] - **By Region**: - Domestic receivables: 920 million (75%), international receivables: 310 million (25%) [1] - **By Sales Model**: - Revenue from chartering with owned vessels: 800 million (65%), chartering with leased vessels: 110 million (9%), time charter: 320 million (26%) [1] Dividend and Share Buyback - The company announced a cash dividend of 1.5 yuan per 10 shares, totaling 41.39 million, which is 16.41% of the net profit for 2023 [1] - The total amount for cash dividends and share buybacks represents 35.58% of the net profit [1]

Financial Performance - The company's operating revenue for 2023 reached CNY 1,237,270,253.98, representing a 57.66% increase compared to CNY 784,767,368.48 in 2022[28]. - Net profit attributable to shareholders for 2023 was CNY 252,195,885.62, up 22.28% from CNY 206,247,510.95 in 2022[28]. - The net cash flow from operating activities increased by 109.03% to CNY 521,301,658.21 in 2023, compared to CNY 249,385,624.16 in 2022[28]. - The total assets of the company at the end of 2023 were CNY 3,798,789,190.13, a 29.16% increase from CNY 2,941,220,871.39 at the end of 2022[28]. - Basic earnings per share for 2023 were CNY 0.90, reflecting a 13.92% increase from CNY 0.79 in 2022[29]. - The net profit after deducting non-recurring gains and losses for 2023 was CNY 196,924,685.81, showing a 20.51% increase from CNY 163,306,381.80 in 2022[28]. - Operating costs rose to 826 million RMB, a significant increase of 80.32% year-on-year, primarily due to the expansion of business scale[65]. - The company's total cost for the current period reached CNY 825,946,720.25, an increase of 80.32% compared to CNY 458,045,606.67 in the same period last year[72]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares, totaling approximately 41.39 million RMB, which accounts for 16.41% of the net profit attributable to shareholders for 2023[7]. - The total cash dividend for 2023, including the share repurchase amounting to approximately 48.35 million RMB, is 89.74 million RMB, representing 35.58% of the net profit attributable to shareholders[8]. - The company has outlined a three-year dividend return plan for shareholders from 2023 to 2025[131]. Operational Expansion - The company attributed the revenue growth to increased domestic trade business, expansion into international shipping, and the acquisition of Xingtong Wanbang[30]. - The company plans to continue expanding its international shipping business and enhancing its service offerings in the coming years[30]. - The company added 7 domestic trade vessels with a total capacity of 48,000 deadweight tons, consolidating its leading position in the industry[41]. - The company successfully launched the LPG vessel "Xingtong 359" (5,200m³) to enhance its presence in the LPG transportation sector[42]. - The company plans to introduce three stainless steel chemical tankers in 2024, with a total capacity of 38,000 deadweight tons[43]. - The company is committed to expanding its international chemical transportation business, enhancing its competitiveness in the global market[43]. Risk Management - The company has outlined various risks in its management discussion and analysis section, indicating potential challenges in future operations[11]. - The company emphasizes that forward-looking statements regarding future plans and strategies are subject to uncertainties and do not constitute a commitment to investors[9]. - The company has established a risk management framework that integrates risk management into business processes, focusing on both internal and external risk factors[177]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[123]. - The board of directors consists of 11 members, including 4 independent directors, ensuring a balance of power and oversight[125]. - The company has implemented a comprehensive investor relations management system to enhance communication and transparency with stakeholders[128]. - The company maintains a commitment to timely and accurate information disclosure, ensuring all shareholders have equal access to company information[129]. Environmental and Safety Practices - The company has implemented a series of safety management documents, including a safety management manual and emergency manual, to enhance overall employee safety awareness and operational skills[179]. - The company has established a "pollution prevention, safety first" philosophy to manage oil spill incidents and ensure compliance with pollution prevention certifications[186]. - The company invested a total of ¥202.28 million in social responsibility projects, including the education fund in Quangang District[194]. - The company has committed to sustainability practices, aiming to reduce operational carbon footprint by 25% over the next five years[138]. Shareholder Engagement - The company has confirmed the independence of the evaluation agency involved in the asset purchase[131]. - The company reported a significant increase in shareholding for the chairman, from 56,525,000 shares at the beginning of the year to 79,135,000 shares, reflecting a change of 22,610,000 shares due to capital reserve conversion[135]. - The company plans to issue A-shares to specific targets in 2023, with a detailed feasibility analysis report presented[131]. - The company has committed to measures to mitigate the risk of immediate dilution of returns from the upcoming stock issuance[131]. Strategic Partnerships and Acquisitions - The company established long-term strategic partnerships with major clients such as Zhejiang Petrochemical and Cargill International, enhancing its competitive edge[60]. - The company is focusing on expanding its market presence through potential mergers and acquisitions, as indicated by its strategic proposals[134]. - The company has completed significant equity investments, acquiring 51% of Zhongchuan Wanbang and 15% of Zhongyuan Longpeng, totaling RMB 4.8 million[95][98]. Future Guidance - Future guidance indicates a projected revenue growth of approximately 15% for the next fiscal year[138]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[138]. - The company plans to optimize customer service and enhance safety management while pursuing vessel acquisitions and equity mergers to strengthen its market position[113].

联系方式 地址：福建省泉州市泉港区驿峰东路295号兴通海运大厦7-9楼 Address: 7/F-9/F,Xingtong Shipping Building,No.295,East Yifeng Road, Quangang District,Quanzhou City,Fujian Province,China 电话 (Tel)：0595-87777996 邮编 (Postcode)：362800 网址 (Website)：http:/www.xtshipping.com . 目录 CONTENTS 关于本报告 总经理致辞 采用再生纸印刷 | 关于兴通股份 | 01-10 | 安全，铸就长青基业 | | --- | --- | --- | | 公司简介 | 03 | 完善安全管理体系 | | 发展战略 | 05 | 培育安全文化与能力 | | 点亮2023 | 07 | 落实安全管理举措 | | 荣誉与认可 | 09 | | | 治理，夯实发展根基 | 11-16 | | --- | --- | | ESG治理与管理 | 14 | | 风险管理 | 16 | | 商业道德与合规 | 16 | | 合力，构 ...