Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The shipping industry is experiencing a surge in demand due to a recent temporary reduction in tariffs between China and the US, leading to a significant increase in shipping volumes on the US route. The average booking volume surged by 277% compared to the previous week [5] - The Shanghai Export Container Freight Index (SCFI) rose by 10.0% week-on-week, indicating a strong recovery in shipping rates, particularly for routes to the US [6] - The logistics sector is showing resilience, with express delivery volumes in April increasing by 19.1% year-on-year, reflecting robust demand across various sectors [9] - The airline industry is expected to benefit from macroeconomic recovery, with a long-term supply-demand imbalance favoring growth in the sector [12] Summary by Sections Shipping Vessels - The recent tariff reductions have led to a surge in demand for shipping services, particularly on the US route, with a projected increase in freight rates over the next 2-3 months due to supply constraints [5] - The average weekly capacity for the US route is expected to be 500,000 TEU, down 6% from last year [5] - The oil tanker market is facing supply tightness due to limited new orders and an aging fleet, which is expected to sustain high demand in the coming years [12] Express Logistics - In April, the express delivery industry in China saw a business volume of 16.32 billion pieces, a year-on-year increase of 19.1%, with revenue reaching 121.28 billion yuan, up 10.8% [9] - The concentration index for express delivery brands (CR8) was 86.7, indicating a stable competitive landscape [9] Aviation and Airports - The airline industry is poised for growth due to low supply growth and recovering demand, with key companies to watch including China Southern Airlines and Air China [12] - The passenger transport volume in March was approximately 59 million, reflecting a year-on-year increase of 3.5% [50] Overall Market Performance - From May 12 to May 16, the transportation index rose by 2.12%, outperforming the Shanghai Composite Index [17] - The shipping sector saw the highest increase at 7.42%, indicating strong market performance [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 2024年年度股东大会的 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 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 2024 年年度股东大会的 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，指派本所黄圆丽律师、王成昊律师 出席了公司于 2025 年 5 月 15 日召开的公司 2024 年年度股东大会（以下简称"本 次股东大会"），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》"）以及中国证券监督管理 委员会关于《上市公司股东会规则》（中国证券监督管理委员会公告〔2025〕7 号）（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） ...

证券代码：000088 证券简称：盐田港 公告编号：2025-22 深圳市盐田港股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，不 存在虚 假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东大会无否决提案的情形。 2.本次股东大会以现场投票和网络投票相结合的方式召开。 3.本次股东大会不涉及变更前次股东大会决议情况。 一、会议召开和出席情况 （一）会议召开情况 1.会议地点：深圳市盐田区深盐路 1289 号海港大厦一楼会议室 2.股东大会的召集人：公司董事会 3.现场会议召开人：公司董事长李雨田女士 4.会议的召开方式：现场投票与网络投票相结合的方式 5.会议召开的日期和时间： （1）现场会议：2025 年 5 月 15 日下午 14:50； （2）网络投票：通过深圳证券交易所交易系统进行网络投票的具体 时间为 2025 年 5 月 15 日（星期四）上午 9:15—9:25,9:30—11:30，下 午 13:00－15:00；通过互联网投票系统投票的具体时间为：2025 年 5 月 1 15 日（星期四）9:15—15:00 期间的任意时间。 ...

Group 1: Impact of the US-China Joint Statement - The US-China Joint Statement led to a significant reduction in bilateral tariffs, prompting foreign trade companies to resume production and shipping to meet demand within a 90-day window [1][4] - Companies like Zhejiang Wei Laoda Industrial Co., which exports over 70% of its products to the US, are ramping up production to fulfill previously delayed orders worth nearly $6 million [1][4] - The shipping industry is experiencing a surge in demand, with freight rates increasing significantly; for instance, rates for shipping to the US West Coast have risen to $6,000 per container [1][5] Group 2: Shipping and Port Activity - Yantian Port, a key player in Guangdong's foreign trade, is seeing an increase in truck traffic and shipping orders, with drivers reporting a 20% rise in orders due to the US-China trade talks [2][3] - The shipping market is experiencing a rapid increase in freight rates, with the container shipping price index for routes to the US West Coast rising over 11% [5][6] - Companies are preparing for a shipping peak next week, as many are expected to clear out backlogged orders [2][3] Group 3: Business Recovery and Order Resumption - Companies like Shanghai Ximei Tools Import and Export Co. are receiving renewed orders from US clients, with expectations of shipping a batch of orders by early June [3][4] - The medical device sector, represented by Shenzhen Mide Rui Na Biotechnology Co., is also seeing a revival in orders, with clients planning to place new orders after previously pausing shipments [4] - The overall export volume is anticipated to increase significantly as companies take advantage of the 90-day window to replenish stocks and clear warehouses [3][4]

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Yantian Port, noting its current stock price, market capitalization, and comparison with industry averages [1][2] - As of May 12, Yantian Port's closing price was 4.65 CNY, reflecting a 1.75% increase, with a rolling PE ratio of 17.21, marking a 12-day low [1] - The total market capitalization of Yantian Port is 24.178 billion CNY, ranking 23rd in the shipping and port industry, which has an average PE ratio of 13.30 and a median of 14.59 [1][2] Group 2 - In terms of capital flow, Yantian Port experienced a net outflow of 3.924 million CNY on May 12, with a total outflow of 20.2031 million CNY over the past five days [1] - The main business activities of Shenzhen Yantian Port Co., Ltd. include the development and operation of terminals, cargo handling and transportation, and the construction and operation of port-related facilities [1] - The latest quarterly report for Q1 2025 shows Yantian Port achieved an operating revenue of 171 million CNY, a year-on-year decrease of 14.04%, while net profit was 313 million CNY, an increase of 21.63%, with a gross profit margin of 22.37% [1]

Core Viewpoint - The shipping sector stocks have surged, with notable increases in specific companies following a significant rise in the container shipping index (European route) [1] Group 1: Company Performance - Dongfang Chuangye (600278) reached the daily limit increase [1] - Air China Oceanic rose over 4% [1] - China Merchants Energy (600428), Ningbo Ocean (601022), and Yantian Port (000088) also experienced upward movement [1] Group 2: Market Indicators - The main contract of the container shipping index (European route) saw an intraday increase of 9% [1]

根据《中华人民共和国证券法》等有关法律法规的规定,公 司监事会对《深圳市盐田港股份有限公司 2025年第一季度报告》 进行了审核,监事会认为:董事会编制和审议公司 2025年第一季 度报告的程序符合法律、行政法规及中国证监会的规定,报告内 容真实、准确、完整地反映了公司的实际情况,不存在任何虚假 记载、误导性陈述或者重大遗漏。 深圳市盐田港 版事会 20' 深圳市盐田港股份有限公司监事会 关于公司 2025年第一季度报告的 审核意见 ...

盐田港：公司2025年一季度实现营业收入1.71亿元，同比下降14.04%；净利润3.13亿元，同比增长 21.63%。 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥170,955,847.73, a decrease of 14.04% compared to ¥198,889,396.76 in the same period last year[5] - Net profit attributable to shareholders increased by 21.63% to ¥312,837,469.60 from ¥257,205,555.83 year-on-year[5] - Total operating revenue decreased to ¥170,955,847.73 from ¥198,889,396.76, representing a decline of approximately 14.0% year-over-year[22] - Net profit increased to ¥318,587,345.40 compared to ¥268,522,878.30, marking a growth of approximately 18.7% year-over-year[23] - Profit attributable to the parent company rose to ¥312,837,469.60 from ¥257,205,555.83, reflecting an increase of around 21.7% year-over-year[23] - The total comprehensive income amounted to ¥318,587,345.40, compared to ¥268,464,519.82, reflecting an increase of about 18.7% year-over-year[23] Cash Flow - The net cash flow from operating activities rose by 14.25% to ¥34,899,342.92 compared to ¥30,545,662.97 in the previous year[5] - Cash inflow from operating activities totaled CNY 202,348,179.47, down from CNY 282,215,323.27, representing a decrease of approximately 28.3%[24] - Net cash flow from operating activities increased to CNY 34,899,342.92 from CNY 30,545,662.97, showing an increase of about 11.5%[24] - Cash inflow from investment activities was CNY 881,203,653.84, significantly higher than CNY 141,228,018.11 in the previous period[25] - Net cash flow from investment activities improved to CNY 72,648,178.85 from a negative CNY 273,662,450.87, indicating a turnaround[25] - Cash inflow from financing activities was CNY 156,696,494.20, compared to CNY 104,812,165.39 in the previous period, an increase of approximately 49.5%[25] - The net cash flow from financing activities decreased to CNY -62,659,594.82 from CNY 73,057,433.29, reflecting a decline[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥25,765,334,963.80, reflecting a 0.52% increase from ¥25,633,247,680.54 at the end of the previous year[5] - Current assets amounted to CNY 7,107,709,278.58, down from CNY 7,305,848,058.75 at the start of the period, indicating a decrease of approximately 2.7%[19] - The company's cash and cash equivalents stood at CNY 6,098,732,824.98, slightly up from CNY 6,085,332,254.99, reflecting a marginal increase[18] - Long-term equity investments increased to CNY 7,859,353,449.52 from CNY 7,530,180,805.11, representing a growth of about 4.4%[19] - The company’s fixed assets totaled CNY 5,249,284,471.10, a decrease from CNY 5,295,900,434.14, indicating a decline of approximately 0.9%[19] - Total liabilities decreased to ¥6,051,291,927.04 from ¥6,239,719,214.06, a decline of about 3.0%[21] Shareholder Information - The company has a significant shareholder, Shenzhen Port Group, holding 68.36% of the shares, which translates to 3,554,364,600 shares[15] - The top ten shareholders do not have any reported relationships or agreements that could influence their voting rights[16] - The company has no preferred shareholders or significant changes in the financing business among the top shareholders[17] Other Financial Metrics - The company's financial expenses decreased by 47.62% to ¥3,005,600.89 from ¥5,738,161.19 year-on-year, primarily due to increased interest income[11] - The company reported a total of ¥20,319.62 in non-recurring gains and losses for the period[6] - The company reported an increase in undistributed profits to ¥6,197,301,309.50 from ¥5,884,463,839.90, a growth of about 5.3%[21] - Research and development expenses were recorded at ¥946,653.26, indicating ongoing investment in innovation[22] - The basic and diluted earnings per share remained unchanged at ¥0.06[5] - Basic and diluted earnings per share remained stable at CNY 0.06 for both periods[24] - The first quarter report was not audited, indicating that the financial data is preliminary[26]

4月23日晚间，盐田港（000088）(000088.SZ)披露2024年年度报告，报告期内，公司实现营业收入7.94 亿元，同比减少11.16%；归属于母公司所有者的净利润13.49亿元，同比增长21.74%。2024年10月，公 司完成重大资产重组配套募资40亿元，成功引进中远海控（601919）作为长期战略投资者，为公司长足 发展注入新动能。期末公司归母净资产178.68亿元，同比增长34.34%，生产经营稳中有进。 2024年我国港口货物和集装箱吞吐量实现较快增长，公司立足盐田港区，夯实港口主业。盐田港区目前 已开通17个内陆港，14个组合港、17条驳船支线，32条海铁联运线路，服务覆盖大湾区、西南及中部地 区，大幅提升港口通关效率，降低出口企业物流成本。未来，盐田港区会持续提升码头数字化、智能 化、绿色化，拥抱新质生产力，全力打造更高水平国际航运枢纽。 公司积极推动港口先进技术与码头业务深度融合，打造数字化、智慧化、绿色化港口，黄石新港实现散 货生产业务的全面线上化；启动海事船舶管理信息化系统建设；三期工程散货码头智能化建设项目已入 选湖北省首批数字经济典型应用案例，成功申报2024年湖北省首批5G ...