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].

Core Viewpoint - Zhonggu Logistics (603565.SH) aims to optimize its fleet structure and expand its fleet size by signing 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 equivalent in USD (excluding tax) [1] Group 1 - The company is focused on enhancing its competitiveness by building a high-efficiency and competitive container shipping fleet [1] - The planned contract involves the construction of two container ships, indicating a strategic move to strengthen operational capacity [1] - The total contract amount reflects the company's commitment to investing in fleet expansion and modernization [1]

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 ...

Core Viewpoint - The company aims to optimize its fleet structure and expand its fleet size by signing a contract for the construction of two 6,000 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 - The company is focused on building a high economic efficiency and competitive container shipping fleet [1] - The contract for the construction of the ships is part of the company's strategy to enhance its competitiveness [1] - The total amount for the shipbuilding contract is capped at 1.16 billion RMB [1]

Group 1 - The core viewpoint of the article is that Zhonggu Logistics is taking steps to optimize its fleet structure and expand its fleet size by signing a contract for the construction of two 6000 TEU container ships with China Merchants Jinling Shipyard, with a total contract value not exceeding 1.16 billion RMB or its equivalent in USD (excluding tax) [1] Group 2 - The company aims to build a highly economical and competitive container shipping fleet to enhance its competitiveness in the industry [1] - The contract for the new ships is part of the company's broader strategy to improve operational efficiency and market position [1] - The investment reflects the company's commitment to growth and adaptation in the logistics sector [1]

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]

Core Viewpoint - Pacific Securities research report indicates that Zhonggu Logistics primarily provides container logistics services, integrating national railway and highway resources to form a "road, rail, and water" three-dimensional logistics network, establishing a multimodal transport logistics system centered on waterway transportation [1] Group 1: Business Overview - The company is actively extending its services at both ends of container cargo transportation, offering full logistics services through various means including road, rail, and logistics parks [1] - The services can be specifically divided into port-to-port services and multimodal transport services [1] Group 2: Financial Performance - By the first half of 2025, the revenue from multimodal transport services is expected to account for 51.4% of total revenue [1] - The weighted average total capacity is projected to be 3.29 million deadweight tons, with a weighted average self-owned capacity ratio of 74.7% [1] - The self-owned capacity ratio has been increasing by 1-2 percentage points annually for three consecutive years, while the leased capacity has been gradually decreasing [1] Group 3: Future Outlook - In 2025, the company plans to seize the opportunity of rising foreign trade freight rates by providing capacity to foreign trade merchants, which is expected to lead to a significant increase in gross profit margin year-on-year [1] - In January 2026, the company decided to invest in the construction of 4+2 vessels of 6,000 TEU container ships, which is viewed positively as it is likely to establish future performance growth space [1] - The company maintains a "buy" rating based on these developments [1]

2026 年 01 月 31 日 公司点评 增持/维持 中谷物流(603565) 目标价: 昨收盘:10.23 中谷物流，2025Q3 点评，利润稳健增长，运力继续扩张 分红政策，公司 24 年度派发现金股息约 16.59 亿人民币，约占当年 度净利润比例的 90.4%。年度内 1 次分红，每股约 0.79 元（含税）;若 以 24 年报披露日 A 股的股价计算，1 次分红累计股息率约 8.5%。25 年 中期已派发股息约 9.03 亿。 ■ 点评 ◼ 走势比较 (10%) 2% 14% 26% 38% 50% 25/2/5 25/4/17 25/6/27 25/9/6 25/11/16 26/1/26 中谷物流 沪深300 ◼ 股票数据 总股本/流通(亿股) 21/21 总市值/流通(亿元) 214.84/214.84 12 个月内最高/最低价 (元) 11.69/8.61 证券分析师：程志峰 电话：010-88321701 E-MAIL：chengzf@tpyzq.com 分析师登记编号：S1190513090001 ■ 事件 26 年初，中谷物流披露造船计划。回顾 25 年前三个季度，累计实 现营业总收 ...