Core Viewpoint - The company, Yantian Port, is experiencing a stable operational performance despite market fluctuations, with a focus on enhancing shareholder value through dividends and strategic growth initiatives [2][3]. Financial Performance - As of November 10, 2025, Yantian Port's stock closed at 4.66 yuan, reflecting a 0.22% increase, with a trading volume of 282,000 shares and a turnover of 131 million yuan [1]. - The company announced a cash dividend plan for the 2025 interim period, proposing a distribution of 0.88 yuan per 10 shares, totaling approximately 458 million yuan [2]. Market Sentiment - On November 10, 2025, there was a net outflow of 8.495 million yuan from institutional investors, while retail investors saw a net inflow of 11.9523 million yuan [3]. - The stock price has reached a low point since its listing, despite the company reporting its best performance since going public, raising concerns among investors about potential financial irregularities [2]. Strategic Initiatives - The company is actively seeking opportunities for collaboration with Hainan Free Trade Port policies and is focused on enhancing its core business operations to improve long-term growth and competitiveness [2].

Core Viewpoint - Yantian Port (000088) confirmed that its operational status is normal and clarified that the income from its equity investments is classified as investment income, which is included in the company's profit but not in operating revenue [1] Group 1 - The company is currently operating normally [1] - Income from equity investments is categorized as investment income [1] - Investment income contributes to the company's profit but does not count towards operating revenue [1]

Core Insights - Yantian Port's stock price increased by 0.43% on November 7, with a trading volume of 152 million yuan, indicating a stable market performance [1] - The financing data shows a net financing outflow of 3.84 million yuan on the same day, with a total financing balance of 273 million yuan, representing 1.86% of the market capitalization, which is at a high level compared to the past year [1] - The company reported a revenue of 616 million yuan for the first nine months of 2025, reflecting a year-on-year growth of 0.49%, and a net profit of 1.071 billion yuan, up by 6.66% [2] Financing and Margin Trading - On November 7, Yantian Port had a financing buy-in of 10.86 million yuan, with a total financing balance of 273 million yuan, which is above the 80th percentile of the past year [1] - The margin trading data indicates a low level of short selling, with a short selling amount of 65,100 yuan and a remaining short balance of 342,700 yuan, below the 30th percentile of the past year [1] Shareholder Information - As of September 30, 2025, Yantian Port had 71,800 shareholders, an increase of 10.42% from the previous period, with an average of 44,079 circulating shares per shareholder, down by 9.44% [2] - The company has distributed a total of 7 billion yuan in dividends since its A-share listing, with 1.557 billion yuan distributed in the last three years [3] - Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, having newly acquired 18.5172 million shares [3]

Core Viewpoint - Yantian Port (000088.SZ) clarifies that its main business does not involve the operation of passenger and roll-on/roll-off ships, while it remains attentive to the policy developments related to Hainan Free Trade Port and actively seeks potential cooperation opportunities with Haixia Co., Ltd [1] Group 1 - The company emphasizes that its primary operations do not include passenger and roll-on/roll-off shipping services [1] - The company is closely monitoring the policy trends related to Hainan Free Trade Port [1] - The company is actively looking for potential collaboration opportunities with Haixia Co., Ltd [1]

Core Viewpoint - Yantian Port (000088.SZ) clarifies that its main business does not involve the operation of roll-on/roll-off (RoRo) vessels, while it remains attentive to the policy developments related to Hainan Free Trade Port and actively seeks potential cooperation opportunities with Haixia Co., Ltd [1] Business Operations - The company emphasizes that its primary operations do not include RoRo vessel services [1] - Continuous monitoring of Hainan Free Trade Port policies is a priority for the company [1] Strategic Partnerships - The company is actively looking for potential collaboration opportunities with Haixia Co., Ltd [1]

Core Viewpoint - The announcement details the third dividend distribution for the year 2025 from the Hongtu Innovation Yantian Port Storage and Logistics Closed-End Fund, highlighting the cash dividend distribution plan and relevant dates [1] Summary by Sections Dividend Distribution - The dividend distribution base date is set for September 9, 2025, with a cash dividend of 0.25 yuan per 10 shares for the fund named "Hongshi Fen Duan Zhuang Xian REIT" [1] - The beneficiaries of the dividend are the fund shareholders registered with the fund's registration agency as of the equity registration date, which is November 12, 2025 [1] - The cash dividend payment date is scheduled for November 17, 2025, and the fund does not support reinvestment of dividends [1] Tax and Fees - According to regulations from the Ministry of Finance and the State Administration of Taxation, the fund's dividend distribution to investors is exempt from income tax [1] - There are no fees charged for the dividend distribution [1]

Core Viewpoint - Shenzhen Yantian Port Co., Ltd. is a key player in the port industry, benefiting from the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Xiong'an New Area, with significant expectations for overall listing in the market [2][4]. Company Overview - Shenzhen Yantian Port's main business includes the development and operation of terminals, cargo handling and transportation, construction and operation of port-related transportation facilities, and warehousing and industrial facilities [2][6]. - The company is primarily engaged in port cargo handling and transportation, terminal construction project management, toll highway operation management, customs supervision warehousing, and other port-related warehousing operations [2][6]. - The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government [2][6]. Financial Performance - As of September 30, 2025, Yantian Port achieved operating revenue of 616 million yuan, a year-on-year increase of 0.49%, and a net profit attributable to the parent company of 1.071 billion yuan, a year-on-year increase of 6.66% [7]. - The company has distributed a total of 7 billion yuan in dividends since its A-share listing, with 1.557 billion yuan distributed in the last three years [7]. Market Position and Trends - Yantian Port is one of the highest single-port container throughput terminals globally, and it is expected to benefit from the development of the Greater Bay Area [2][4]. - The company holds a 35% stake in Caofeidian Port Group Co., Ltd., which is anticipated to benefit from the development of the Xiong'an New Area [2][4]. Shareholder Information - As of September 30, 2025, the number of shareholders of Yantian Port was 71,800, an increase of 10.42% from the previous period, with an average of 44,079 circulating shares per person, a decrease of 9.44% [7].

Core Insights - Saltian Port's stock price decreased by 0.22% on November 6, with a trading volume of 131 million yuan, indicating a slight decline in market performance [1] - The company reported a net financing outflow of 10.02 million yuan on the same day, with total financing and securities lending balance reaching 277 million yuan, which is high compared to historical levels [1] - For the first nine months of 2025, Saltian Port achieved a revenue of 616 million yuan, reflecting a year-on-year growth of 0.49%, while net profit attributable to shareholders increased by 6.66% to 1.071 billion yuan [2] Financing and Trading Activity - On November 6, Saltian Port had a financing buy-in of 16.80 million yuan, with a current financing balance of 277 million yuan, accounting for 1.89% of the circulating market value [1] - The financing balance is above the 80th percentile of the past year, indicating a high level of leverage [1] - In terms of securities lending, 21,900 shares were repaid, with a selling amount of 6,482 yuan, and the remaining securities lending balance was 28.66 million yuan, which is low compared to historical levels [1] Shareholder and Dividend Information - As of September 30, 2025, the number of shareholders increased by 10.42% to 71,800, while the average circulating shares per person decreased by 9.44% to 44,079 shares [2] - Since its A-share listing, Saltian Port has distributed a total of 7 billion yuan in dividends, with 1.557 billion yuan distributed in the last three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is a new shareholder, holding 18.5172 million shares [3]

Meeting Overview - The third extraordinary general meeting of shareholders was held on November 6, 2025, at 14:50 in Shenzhen [1][4] - The meeting was convened by the company's board of directors and was conducted in accordance with relevant laws and regulations [4][12] Attendance - A total of 498 shareholders attended the meeting, representing 3,979,739,518 shares, which is 76.5411% of the total voting shares [5] - Among them, 4 shareholders attended in person, representing 3,782,710,238 shares (72.7517%), while 494 participated via online voting, representing 197,029,280 shares (3.7894%) [6][7] - 496 minority shareholders attended, representing 425,339,882 shares (8.1804%) [8][9] Proposals and Voting Results - The proposal for the 2025 interim cash dividend was approved with 3,978,887,187 votes in favor (99.9786%), 816,199 against (0.0205%), and 36,132 abstentions (0.0009%) [12] - Minority shareholders voted 424,487,551 in favor (99.7996%), 816,199 against (0.1919%), and 36,132 abstentions (0.0085%) [13] - The proposal for the reappointment of the auditing firm for 2025 was approved with 3,978,447,541 votes in favor (99.9675%), 966,199 against (0.0243%), and 325,778 abstentions (0.0082%) [14] - Minority shareholders voted 424,047,905 in favor (99.6962%), 966,199 against (0.2272%), and 325,778 abstentions (0.0766%) [15] Legal Opinion - The legal opinion was provided by Shanghai Jintiancheng (Shenzhen) Law Firm, confirming that the meeting's procedures and voting results complied with relevant laws and regulations [17]

上海市锦天城（深圳）律师事务所 关于深圳市盐田港股份有限公司 邮编：518048 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于深圳市盐田港股份有限公司 2025 年第三次临时股东会的 2025年第三次临时股东会的 法律意见书 上海市锦天城（深圳）律师事务所 地址：深圳市福田中心区福华三路卓越世纪中心 1 号楼 21、22、23 层 电话：86 755-82816698 传真：86 755-82816898 法律意见书 致：深圳市盐田港股份有限公司 上海市锦天城（深圳）律师事务所（以下简称"本所"）接受深圳市盐田港 股份有限公司（以下简称"公司"）的委托，指派本所李晓娜律师、吴雨晴律师 出席了公司于 2025 年 11 月 6 日召开的公司 2025 年第三次临时股东会（以下简 称"本次股东会"），并根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）以及《上市公司股东会 规则》（以下简称"《股东会规则》"）、《深圳证券交易所股票上市规则（2025 年修订）》（以下简称"《深交所股票上市规则》"）等我国现行法律、法规、 ...