Group 1 - The 2024-2025 Annual Marketing Conference and the 23rd Outstanding Brand Marketing Annual Meeting will be held in Beijing, focusing on the collision between brand economy and traffic economy, aiming to promote brand competition from "traffic competition" to "value cultivation" [1] - On December 10, a total of 1.41 million shares from 8 companies will be unlocked, with a total market value of 2.388 billion yuan, including significant unlocks from Nanshan Zhishang, Xingtong Co., and Yunding Technology [1] - The unlocked shares include over 10 million shares from three companies, with Nanshan Zhishang leading at 71.4286 million shares, followed by Xingtong Co. at 41.4916 million shares, and Yunding Technology at 10.0526 million shares [1] Group 2 - Nine companies disclosed stock repurchase progress on December 10, with five companies announcing new repurchase plans, one plan approved by shareholders, and three plans completed [2] - Among the new repurchase plans, four companies announced amounts exceeding 10 million yuan, with Huitai Medical, Songcheng Performance, and Jinggu Co. having the highest proposed repurchase amounts of 250 million yuan, 200 million yuan, and 60 million yuan respectively [2] - Huadong Medicine has the highest repurchase amount approved by shareholders, proposing to repurchase up to 6.494 million yuan [2]

Group 1 - A total of 8 companies had their restricted shares unlocked on December 10, with a combined unlock volume of 141 million shares, valued at 2.388 billion yuan based on the latest closing price [1] - The companies with the highest unlock volumes are Nanshan Zhishang, Xingtong Co., and Yunding Technology, with unlock shares of 71.4286 million, 41.4916 million, and 10.0526 million respectively [1] - In terms of unlock market value, Nanshan Zhishang, Xingtong Co., and Yunding Technology also lead, with unlock values of 1.25 billion yuan, 698 million yuan, and 113 million yuan respectively [1] Group 2 - The companies with the highest percentage of unlock shares relative to total share capital are Nanshan Zhishang, Xingtong Co., and Qiule Seed Industry, with unlock ratios of 14.11%, 12.77%, and 2.07% respectively [1]

Summary of Key Points Core Viewpoint - On December 10, a total of 8 companies had their restricted shares unlocked, with a total unlocking volume of 141 million shares, amounting to a market value of 2.388 billion yuan based on the latest closing price [1] Group 1: Unlocking Volume - Three companies had unlocking shares exceeding 10 million: Nanshan Zhishang with 71.4286 million shares, Xingtong Co., Ltd. with 41.4916 million shares, and Yunding Technology with 10.0526 million shares [1] Group 2: Unlocking Market Value - The market value of unlocked shares exceeded 100 million yuan for three companies: Nanshan Zhishang at 1.25 billion yuan, Xingtong Co., Ltd. at 698 million yuan, and Yunding Technology at 113 million yuan [1] Group 3: Proportion of Total Share Capital - Two companies had an unlocking ratio exceeding 10% of their total share capital: Nanshan Zhishang at 14.11%, Xingtong Co., Ltd. at 12.77%, and Qiule Seed Industry at 2.07% [1]

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 ...

证券代码：603209 证券简称：兴通股份 公告编号：2025-079 兴通海运股份有限公司 关于向特定对象发行 A 股股票部分限售股 上市流通的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为 41,491,597股。 本次股票上市流通总数为41,491,597股。 本次股票上市流通日期为2025 年 12 月 10 日。 截至本公告披露日，本次申请上市流通的限售股股东均严格履行了上述限售 承诺，不存在相关承诺未履行影响本次限售股上市流通的情况。 一、本次限售股上市类型 根据中国证券监督管理委员会于 2024 年 6 月 17 日出具的《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 意兴通海运股份有限公司（以下简称"公司"）2023 年度向特定对象发行 A 股股 票（以下简称"本次发行"）的注册申请。公司本次新增发行股份 45,000,000 股已 于 2025 年 6 月 10 日 ...

中信证券股份有限公司 关于兴通海运股份有限公司向特定对象发行股票 部分限售股上市流通的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为兴通海 运股份有限公司（以下简称"兴通股份"或"公司"）2023 年度向特定对象发行 A 股股票（以下简称"本次发行"）的保荐人，据《中华人民共和国证券法》《证 券发行上市保荐业务管理办法》《上海证券交易所股票上市规则》《上海证券交易 所上市公司自律监管指引第 11 号——持续督导》等相关法律、法规和规范性文 件的要求，对兴通股份向特定对象发行股票部分限售股份解除限售上市流通的事 项进行了核查，并出具核查意见如下： 一、本次限售股上市类型 本次限售股上市类型为兴通海运股份有限公司 2023 年度向特定对象发行人 民币普通股（A 股）股票。 （一）注册情况 中国证券监督管理委员会于 2024 年 6 月 17 日出具《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），同意公 司向特定对象发行股票的注册申请。 （二）股份登记情况 兴通股份本次发行新增 45,000,000 股股票已于 2025 年 6 月 10 日 ...

兴通股份公告称，公司本次上市流通的限售股为向特定对象发行的股份，涉及6名股东，解除限售股份 数量为4149.16万股，占总股本的12.77%。该部分股份锁定6个月，将于2025年12月10日解除限售并上市 流通。公司实际控制人之一陈其龙认购的股票限售期为18个月。保荐机构认为本次限售股份上市流通符 合相关规定。 ...

企查查APP显示，近日，上海兴通福凯船舶管理有限公司成立，法定代表人为严旭晓，经营范围包含： 国内船舶管理业务；省际普通货船运输、省内船舶运输；国际客船、散装液体危险品船运输等。企查查 股权穿透显示，该公司由兴通股份间接全资持股。 ...

Core Insights - The shipping and port sector experienced a rise of 0.51% on November 28, with Phoenix Shipping leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Phoenix Shipping (000520) closed at 4.94, with an increase of 8.33% and a trading volume of 784,900 shares, amounting to a transaction value of 381 million yuan [1] - Haitong Development (603162) saw a closing price of 12.19, up 6.93%, with a trading volume of 646,000 shares [1] - Xiamen Port Authority (000905) closed at 10.81, up 6.08%, with a trading volume of 404,300 shares [1] - Other notable performers include Xingtong Co. (603209) with a 4.00% increase and Haixia Co. (002320) with a 3.09% increase [1] Capital Flow - The shipping and port sector saw a net inflow of 318 million yuan from institutional investors, while retail investors experienced a net outflow of 297 million yuan [2] - The main capital inflow was concentrated in stocks like Haitong Development and Zhongyuan Marine Energy, with significant net inflows of 107 million yuan and 74 million yuan respectively [3] - Conversely, retail investors showed a net outflow in several stocks, including Phoenix Shipping and Haixia Co. [3]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery industry is experiencing resilient demand, with a "de-involution" trend driving up express prices, enhancing corporate profit elasticity, and creating favorable competition opportunities in the medium to long term [15] - The shipping market is expected to benefit from the OPEC+ production increase cycle and the Federal Reserve's interest rate cuts, with a notable improvement in the oil transportation market's outlook for Q4 2025 [15] - The shipping market is anticipated to recover, supported by environmental regulations limiting the operation of older fleets and the upcoming production of the West Manganese iron ore by the end of 2025 [15] Summary by Sections Express Logistics - In October 2025, the express delivery industry achieved a business volume of 17.6 billion pieces, a year-on-year increase of 7.9%, with revenue reaching 131.67 billion yuan, up 4.7% year-on-year [4][24] - Major players like YTO, Shentong, and Yunda showed varied growth rates, with YTO's volume increasing by 12.78% and Shentong by 3.97%, while Yunda's volume decreased by 5.11% [4][30] - The industry is transitioning towards high-quality development, with significant improvements in single-ticket revenue due to price increases driven by the de-involution trend [4] Shipping and Ports - VLCC freight rates reached a new high of $136,843 per day, the highest since Q2 2020, driven by tight available capacity and stable inquiry rhythms [8] - The Capesize bulk carrier spot freight rates surpassed $30,000 per day, reflecting a 20% increase over the past week, supported by seasonal demand recovery and strong import demand from China [8] - The BDI index increased by 7.1% to 2225 points, indicating a robust recovery in the bulk shipping market [9] Aviation - In October 2025, civil aviation transported approximately 68 million passengers, a year-on-year increase of 5.8%, and cargo/mail transport reached 917,000 tons, up 13.3% [58] - The overall passenger load factor for major airlines was 86.88%, showing a slight increase from the previous month [62] Road and Rail - From November 10 to November 16, 2025, national freight logistics operated smoothly, with rail freight reaching 81.8 million tons, a 0.17% increase week-on-week [14] - In October 2025, road freight volume was 3.706 billion tons, a year-on-year increase of 0.08% [64] Supply Chain Logistics - The logistics landscape is evolving, with companies like Shenzhen International expected to benefit from the transformation of logistics parks, providing performance elasticity [15] - The industry is witnessing a slowdown in competition, with companies like Debang and Aneng Logistics showing significant profit improvements due to strategic transformations [15]