证券日报网讯 2月25日，中谷物流在互动平台回答投资者提问时表示，公司股价受二级市场诸多因素的 影响，因此短期内会有所波动，从过往的市场情况来看，公司的业绩和分红依然受到了广泛的认可，目 前公司的基本面未发生不利变化，公司会持续做好业务经营与资本市场交流工作，以维护全体股东的利 益。 （文章来源：证券日报） ...

Summary of the Transportation and Logistics Industry Research Report Industry Overview - **Industry Focus**: Transportation and Logistics, specifically the shipping sector - **Key Metrics**: - VLCC (Very Large Crude Carrier) freight rate at $102,897/day, down 11.0% week-over-week, up 213.2% year-over-year - MR (Medium Range) freight rate at $25,025/day, down 9.2% week-over-week, up 52.4% year-over-year - SCFI (Shanghai Containerized Freight Index) for routes to the US West Coast, Europe, and Southeast Asia down 5.0%, 4.8%, and 3.7% respectively week-over-week - BDI (Baltic Dry Index) up 14.9% week-over-week, BCI (Baltic Capesize Index) up 19.0%, BSI (Baltic Supramax Index) up 5.8% [4][5][6] Core Insights - **Market Dynamics**: The oil shipping cycle is expected to remain "higher for longer" due to structural changes in demand from older vessels to compliant fleets following tightened sanctions from Europe and the US [5][6] - **Market Concentration**: The VLCC market is traditionally fragmented, with the top 10 companies holding a 44.1% market share. However, recent transactions and long-term charters have led to increased concentration, particularly with new entrants like Sinokor, which has acquired over 30 VLCCs [6] - **Asset Prices**: Second-hand VLCC prices have increased, with 10-year and 15-year-old vessels rising by 11.1% and 16.1% respectively since the beginning of the year [6] - **Charter Rates**: Frontline announced a one-year charter for 7 VLCCs at $76,900/day, exceeding the Clarkson quote of $71,750/day [6] Company Recommendations - **Companies to Watch**: - COSCO Shipping Energy Transportation (中远海能-A) with a target price of 13.50 and P/E ratios of 11.1 for 2026E and 19.2 for 2027E - China Merchants Energy Shipping (招商南油-A) with a target price of 3.70 and P/E ratios of 10.8 for 2026E and 16.6 for 2027E - Zhonggu Logistics (中谷物流-A) with a target price of 13.87 and P/E ratios of 10.6 for 2026E and 9.7 for 2027E - Seaspan Corporation (海丰国际-H) with a target price of 36.00 and P/E ratios of 9.1 for 2026E and 10.3 for 2027E [4][7] Risks - **Geopolitical Risks**: Changes in geopolitical conditions could impact the shipping industry significantly - **Economic Risks**: A substantial slowdown in global economic growth poses a risk to shipping demand [8] Additional Insights - **Valuation and Outlook**: The report maintains its profit forecasts and target prices for covered companies, indicating a positive outlook for the shipping sector [7] - **Market Trends**: The report highlights the importance of monitoring the supply-demand dynamics in the shipping market, particularly in light of recent geopolitical developments and market concentration trends [5][6]

Core Viewpoint - Shanghai Zhonggu Logistics Co., Ltd. plans to invest in the construction of two 6,000 TEU container ships with a total contract amount not exceeding 1.16 billion RMB or equivalent in USD, aiming to enhance its fleet structure and competitiveness [1][3]. Group 1: Investment Details - The company intends to sign a contract with China Merchants Jinling Shipyard (Jiangsu) Co., Ltd. for the construction of the ships [1][3]. - The funding sources for this investment include the company's own funds and self-raised funds [3]. - The board of directors approved the investment proposal unanimously during the meeting held on February 4, 2026, and the transaction does not require shareholder approval as it does not meet the threshold for such [3][4]. Group 2: Impact on the Company - This investment is aimed at creating a highly economical and competitive container shipping fleet, which is expected to enhance the company's profitability and sustainable development capabilities [4]. - The investment is aligned with the company's future strategic planning and is not expected to adversely affect the company's financial status, main business, or ongoing operational capabilities [4].

中谷物流（603565）(603565.SH)发布公告，公司为进一步优化公司船队结构，拓展船队规模，积极打 造经济性高、竞争力强的集装箱运输船队，不断提升企业竞争力，公司或其子公司拟与招商局金陵船舶 (江苏)有限公司签订2艘6000TEU集装箱船舶建造合同，合同总金额不超过11.6亿人民币或等值美元(不 含税)。 ...

Core Viewpoint - The company plans to sign a contract for the construction of two 6,000 TEU container ships with a total contract value not exceeding 1.16 billion RMB or its equivalent in USD, excluding tax [1] Group 1: Investment Details - The investment aims to create a highly economical and competitive container shipping fleet [1] - The transaction does not constitute a related party transaction or a major asset restructuring, and does not require shareholder approval [1] - The implementation of the transaction may involve overseas investment matters, which need to be filed with relevant national authorities [1]

Core Viewpoint - Zhonggu Logistics (603565.SH) announced plans to sign a contract for the construction of two 6000 TEU container ships with China Merchants Jinling Shipyard (Jiangsu) Co., Ltd, with a total contract value not exceeding 1.16 billion RMB or its equivalent in USD, excluding tax [1] Group 1: Investment Details - The investment aims to create a highly economical and competitive container shipping fleet, enhancing the company's competitiveness and profitability [1] - The transaction does not constitute a related party transaction or a major asset restructuring, and does not require shareholder meeting approval [1] - The implementation of this transaction may involve overseas investment matters, which will require filing with relevant national authorities [1]

证券代码：603565 证券简称：中谷物流 公告编号：2026-002 上海中谷物流股份有限公司 关于投资建造 2 艘 6,000TEU 集装箱船舶的公告 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。 重要内容提示： 上海中谷物流股份有限公司（以下简称"公司"）或其子公司拟与招 商局金陵船舶（江苏）有限公司签订 2 艘 6,000TEU 集装箱船舶建造合同，合 同总金额不超过 11.6 亿人民币或等值美元（不含税）。 一、投资建造船舶事项概述 公司为进一步优化公司船队结构，拓展船队规模，积极打造经济性高、竞争 力强的集装箱运输船队，不断提升企业竞争力，公司或其子公司拟与招商局金陵 船舶（江苏）有限公司签订 2 艘 6,000TEU 集装箱船舶建造合同，合同总金额不 超过 11.6 亿人民币或等值美元（不含税）。 公司董事会授权公司经营管理层及相关职能部门签署相关合同等与拟建造 船舶相关事宜。本次投资建造船舶的资金来源包括但不限于公司自有资金、自筹 资金等。 本次交易不构成关联交易。 本次交易不构成重大资产重组。 本次交易金额 ...

格隆汇2月4日丨中谷物流(603565.SH)公布，公司为进一步优化公司船队结构，拓展船队规模，积极打 造经济性高、竞争力强的集装箱运输船队，不断提升企业竞争力，公司或其子公司拟与招商局金陵船舶 （江苏）有限公司签订2艘6,000TEU集装箱船舶建造合同，合同总金额不超过11.6亿人民币或等值美元 （不含税）。 ...

智通财经APP讯，中谷物流(603565.SH)发布公告，公司为进一步优化公司船队结构，拓展船队规模， 积极打造经济性高、竞争力强的集装箱运输船队，不断提升企业竞争力，公司或其子公司拟与招商局金 陵船舶(江苏)有限公司签订2艘6000TEU集装箱船舶建造合同，合同总金额不超过11.6亿人民币或等值美 元(不含税)。 ...

Core Viewpoint - The company plans to sign a contract for the construction of two 6,000 TEU container ships with China Merchants Jinling Shipyard (Jiangsu), with a total amount not exceeding 1.16 billion yuan (excluding tax) [1] Group 1 - The board of directors unanimously approved the proposal during the 11th meeting of the 4th session on February 4, 2026 [1] - The transaction does not constitute a related party transaction or a major asset restructuring, and the amount does not meet the threshold for shareholder meeting review [1] - The investment aims to enhance competitiveness and is not expected to have a significant adverse impact on finances, although implementation carries uncertainties [1]