证券代码：000088 证券简称：盐田港 公告编号：2025-27 深圳市盐田港股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意深圳市盐田港股份有限公司 发行股份购买资产并募集配套资金注册的批复》（证监许可20232725 号）同意，深圳市盐田港股份有限公司（以下简称"公司"）向特定对 象发行人民币普通股 913,758,995 股，每股发行价为 4.38 元，募集资金 总 额 为 人 民 币 4,002,264,398.10 元 ， 扣 除 不 含 税 发 行 费 用 人 民 币 募集资金到位情况已由容诚会计师事务所（特殊普通合伙）验证，并由 其出具《验资报告》（容诚验字2024518Z0119 号）。 二、募集资金存放和管理情况 为了规范募集资金的管理和使用，保护投资者权益，公司已根据 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司监管指 引第 2 号——上市公司募集资金管理和使用的监管要求》和《深圳证券 交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等有 关 ...

证券代码：000088 证券简称：盐田港 公告编号：2025-27 深圳市盐田港股份有限公司 关于注销部分募集资金账户的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意深圳市盐田港股份有限公司 发行股份购买资产并募集配套资金注册的批复》（证监许可[2023]2725 号）同意，深圳市盐田港股份有限公司（以下简称"公司"）向特定对 象发行人民币普通股 913,758,995 股，每股发行价为 4.38 元，募集资金 总额为人民币 4,002,264,398.10 元，扣除不含税发行费用人民币 28,317,908.48 元，募集资金净额为人民币 3,973,946,489.62 元。上述 募集资金到位情况已由容诚会计师事务所（特殊普通合伙）验证，并由 其出具《验资报告》（容诚验字[2024]518Z0119 号）。 本次注销的募集资金专户情况如下： 鉴于上述募集资金专户中的募集资金已按照相关规定使用完毕，均 用于支付公司以发行股份及支付现金的方式购买深圳市盐港港口运营有 限公司 100%股权的现金对价 ...

Group 1 - The first batch of AJ-type 65t quay cranes has successfully arrived at Xiaomo International Logistics Port, enhancing the operational efficiency and service experience of the port [1] - The quay cranes are specialized equipment for container handling, utilizing automated control systems for precise operations, contributing significantly to the shipping industry [1] - The introduction of these cranes is expected to boost Xiaomo Port's operational capacity and support the construction of a green and smart port, facilitating Shenzhen's development as a global logistics hub [1] Group 2 - Guangzhou Port's Nansha Phase IV terminal is an example of an "unmanned terminal," featuring several global firsts in automation and technology applications [2] - Shenzhen Port Group is advancing the construction of smart and efficient automated container terminals, integrating 5G applications and intelligent logistics solutions [2] - The implementation of AI and robotics in logistics operations is aimed at reducing costs and improving efficiency in cold storage and transportation [2] Group 3 - Qingdao Port's AGV technology utilizes innovative shallow charging techniques for continuous operation, enhancing loading and unloading efficiency [3] - The development of intelligent cargo handling robots at Rizhao Port incorporates advanced technologies for automated inventory management, replacing manual labor [3] - The increasing level of port automation is becoming a key indicator of competitiveness in the logistics sector, with expectations for further advancements driven by 5G and AI technologies [3] Group 4 - China Merchants Port's Mawan Smart Port is the first 5G smart port in the Guangdong-Hong Kong-Macao Greater Bay Area, significantly improving production efficiency and management levels [4] - Ningbo-Zhoushan Port is leveraging IoT, big data, and AI for intelligent port management, enhancing operational efficiency through real-time tracking and automated processes [4]

Core Insights - The report highlights the "Cost-Effectiveness Ratio" (费效比) as a key metric for evaluating management efficiency, indicating the profit generated per unit of labor cost [3][29] - Shenzhen's listed companies demonstrated a revenue growth of 5.73%, reaching a total revenue of 83,765 billion yuan, while labor costs increased by 8.86%, outpacing net profit growth of 3.7% [5][8] - The report categorizes Shenzhen's listed companies into three tiers based on their performance: leading companies show strong momentum, mid-tier companies are stabilizing, and long-tail companies have potential for improvement [19][20] Overview of Shenzhen Listed Companies - A total of 549 companies are listed in Shenzhen, with 423 on A-shares and 126 on H-shares, where private enterprises constitute 61.93% of the total [6][8] - The average revenue per company in Shenzhen is 152.58 million yuan, with an average net profit of 12.53 million yuan [5][6] Human Capital Investment - The increase in labor costs exceeding revenue growth by 3.13 percentage points indicates a belief among Shenzhen companies that investing in human capital will accelerate value release [8][19] - The 90th percentile cost-effectiveness ratio is 1.15, significantly higher than the industry median of 0.19, highlighting the impact of human resource management on net profit [12][19] Revenue and Profit Distribution - Shenzhen's listed companies achieved a total revenue of over 8.3 trillion yuan, with private enterprises contributing 42.3% [22][24] - Private enterprises also accounted for 42.7% of the total net profit, demonstrating their significant role in the local economy [24][27] Cost-Effectiveness Rankings - The top companies in terms of cost-effectiveness include Ping An Bank with a ratio of 2.33 and BYD with a strong focus on labor efficiency [28][73] - The report emphasizes the importance of measuring cost-effectiveness to ensure that contributions exceed costs, which is crucial for business incentives [29][31] Sector-Specific Insights - The report identifies leading companies in various sectors, such as Tencent and BYD, showcasing their ability to leverage high salaries for high returns [31][85] - The analysis reveals that companies with high labor costs can still achieve high efficiency through strategic investments in talent and technology [31][70] Future Outlook - The report suggests that Shenzhen's listed companies are well-positioned for future growth, with potential for enhanced efficiency through digital transformation and organizational restructuring [19][70] - The emphasis on human capital and strategic management practices indicates a robust framework for sustaining competitive advantages in a complex economic environment [19][31]

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Yantian Port, which closed at 4.68 yuan, reflecting a 1.52% increase, with a rolling PE ratio of 17.32 times and a total market capitalization of 24.334 billion yuan [1][2] - Yantian Port ranks 23rd in the shipping and port industry based on PE ratio, which has an average of 14.37 times and a median of 15.54 times [1][2] - As of March 31, 2025, Yantian Port has 56,956 shareholders, an increase of 410 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Group 2 - The main business activities of Yantian Port include the development and operation of terminals, cargo handling and transportation, construction and operation of supporting transportation facilities, and warehousing and industrial facilities [1] - The latest financial results for Q1 2025 show that Yantian Port achieved an operating income of 171 million yuan, a year-on-year decrease of 14.04%, while net profit was 313 million yuan, reflecting a year-on-year increase of 21.63%, with a gross profit margin of 22.37% [1]

Core Insights - The article highlights the launch of the first "inland yard + on-site special train" model for automobile iron-sea intermodal transport in the Guangdong-Hong Kong-Macao Greater Bay Area, marking a significant step in the construction of China's "super channel" for automobile exports [2] - The new transport corridor from Pinghu South to Yantian Port aims to address logistics bottlenecks faced by the automotive export industry in South China, which has been hindered by traditional road transport issues such as extreme weather and traffic congestion [2] - The initiative is expected to create a more efficient, stable, and environmentally friendly transportation route for automobile exports from South China [2] Industry Developments - The logistics center at Yantian Port has a limited automobile storage area of only 1.1 square kilometers, with a projected peak storage of 8,000 vehicles in 2024, exceeding its designed capacity by 20% [3] - To alleviate storage pressure, the logistics center is relocating some exported domestic vehicles to the new Pinghu South freight yard, enhancing the efficiency of cargo turnover at Yantian Port [3] - The new transport model utilizes a station transfer channel to move empty shipping containers from Yantian Port to the Pinghu South freight yard for loading, which optimizes the use of idle land resources around the freight yard [3]

Core Viewpoint - The launch of the first "inland yard + on-site special train" model for automobile iron-sea intermodal transport in the Guangdong-Hong Kong-Macao Greater Bay Area marks a significant step in the construction of China's "super channel" for automobile exports, addressing logistics bottlenecks in the region [1][2]. Group 1: Transportation and Logistics - The new transport channel from Pinghu South to Yantian Port aims to provide an efficient, stable, and green transportation path for automobile exports from South China, overcoming traditional road transport challenges such as extreme weather and traffic congestion [1]. - The "Pinghu South freight yard - Pingyan Railway - Yantian Port terminal" on-site handling system has been innovatively developed to facilitate seamless linkage between inland automobile yards and railway special trains [1]. Group 2: Capacity and Efficiency - The Yantian Port's automobile storage area is only 1.1 square kilometers, with a projected peak storage of 8,000 vehicles in 2024, exceeding its designed capacity by 20% [2]. - To alleviate pressure, the logistics center is moving some exported domestic vehicles to the new Pinghu South freight yard for assembly, which enhances the cargo turnover efficiency at Yantian Port [2].

截至2025年5月30日收盘，盐 田 港（000088）报收于4.66元，较上周的4.7元下跌0.85%。本周，盐 田 港5月26日盘中最高价报4.74元。5月28日盘中最低价报4.65元。盐 田 港当前最新总市值242.3亿元，在 航运港口板块市值排名11/35，在两市A股市值排名612/5146。 本周关注点 业绩披露要点 公司2025年第一季度归母净利润为3.13亿元，同比增长21.63%；扣非归母净利润为3.13亿元，同比增长 21.96%。公司半年度业绩情况敬请留意公司定期报告。 机构调研要点 针对自营港口吞吐量下滑，黄石新港提出铁矿石"装卸+混配+储运+分销"的港口运作创新模式，通过先 进的装卸设备和专业的装卸团队，严格遵守安全操作规程和环保要求，对不同品质、不同来源的铁矿石 进行混配，确保混配后的铁矿石品质稳定，满足钢铁企业的生产需求。 公司公告汇总 公司2024年度利润分配方案为：以现有总股本5,199,483,346股为基数，向全体股东每10股派发现金红利 1.30元（含税），分配金额675,932,834.98元。按2024年度公司净利润的10%提取法定盈余公积金 113,387,694. ...

Group 1: Dividend Policy and Financial Performance - The company plans to maintain a dividend payout ratio of 43.3% for 2024, with a cash dividend of 1.30 CNY per 10 shares, distributing a total of 675,932,834.98 CNY, which accounts for 50.09% of the net profit attributable to shareholders for 2024 [2][3] - The company aims to distribute at least 50% of the annual distributable profit as cash dividends for the years 2024-2026 [3] - In Q1 2025, the net profit attributable to shareholders was 313 million CNY, representing a year-on-year increase of 21.63% [3] Group 2: Market Position and Competitive Strategy - The company is focusing on enhancing its core competitiveness by leveraging national strategies such as the "Belt and Road Initiative" and the Guangdong-Hong Kong-Macao Greater Bay Area [3][4] - The company has opened 17 inland ports and 32 sea-rail intermodal routes, enhancing its logistics network and regional competitiveness [4] - The company has added 6 new international routes in the first four months of 2025, expanding its service coverage to major trade regions [4] Group 3: Future Growth and Industry Outlook - The company plans to explore new business models and enhance operational efficiency to boost profitability, particularly in the Greater Bay Area and the Yangtze River Economic Belt [4][5] - The overall growth of China's coastal ports is expected to remain stable in 2025, although the growth rate may slow compared to 2024 [5][6] - The demand for coal is projected to increase slightly in 2025, while the throughput of metal ores is expected to remain stable due to ongoing trade tensions and a sluggish real estate market [6][7] Group 4: Operational Innovations - The Huangshi New Port is implementing an innovative "loading + mixing + trading" model for iron ore operations to enhance throughput and profitability [7] - The port has established modern storage facilities and a comprehensive transportation network to support its operations [7]

Group 1 - Guangdian Electric's wholly-owned subsidiary plans to sell 5.91% stake in Shanghai Winshun Electric Technology Co., Ltd. to Yapp Automotive Parts Co., Ltd. for 62.63 million yuan, aiming to optimize asset structure [1] - Anhui Natural Gas received approval for the registration of 500 million yuan short-term financing bonds and 600 million yuan medium-term notes, valid for two years [1] - Kirin Security received government subsidies totaling 6.48 million yuan, which are related to revenue [2] Group 2 - Junshi Biosciences received approval for two new indications for its self-developed drug, Oncorhynchus monoclonal antibody injection, targeting adult patients with heterozygous familial hypercholesterolemia and non-familial hypercholesterolemia [3] - China Resources Double Crane's subsidiary passed GMP compliance inspection for small and large volume injection production lines [4] - Nanjing Public Utilities' board approved the absorption and merger of its wholly-owned subsidiary, Nanjing Jinguang Industry Co., Ltd. [7] Group 3 - Boya Bio received drug registration certificate for human immunoglobulin (pH4) in the Dominican Republic, valid until August 12, 2029 [8] - Jizhi Co. announced that its controlling shareholder and actual controller committed not to reduce their shareholdings until December 31, 2025 [9] - Yuhua Tian won a bid for the integrated urban management project in Lanzhou City, with a total service subsidy of 353 million yuan [10] Group 4 - Anke Rui obtained five invention patent certificates related to various energy management and control technologies [11] - Kebo Da's wholly-owned subsidiary plans to acquire 100% of Czech IMI Company for approximately 9.43 million euros to enhance global production layout [13] - Yantian Port announced a cash dividend of 1.30 yuan per 10 shares, totaling 676 million yuan [14] Group 5 - Huawang Technology plans to distribute a cash dividend of 0.45 yuan per share and a capital reserve increase of 0.20 shares per share [15] - Kabe Yi established a wholly-owned subsidiary in Japan to enhance its business layout [16] - Dongcheng Pharmaceutical's subsidiary received approval for the marketing of sodium fluoride injection, a PET radiopharmaceutical [18] Group 6 - Huaxin New Materials' subsidiary received two utility model patent certificates for innovative devices [19] - Lingang Steel's new 2290 cubic meter blast furnace has been successfully put into operation [21] - Xinlitai received drug registration certificate for Sacubitril/Valsartan tablets, the first of its kind in China [23] Group 7 - Aike Co.'s subsidiary received project designation notices from multiple clients for electric drive platform components [25] - Tonghe Pharmaceutical received drug registration certificate for Apixaban in South Korea [26] - Junting Hotel signed a cooperation agreement with Choice Hotels for exclusive brand usage in mainland China [28] Group 8 - Guangdong Hongtu plans to establish a wholly-owned subsidiary in Zhengzhou to enhance market layout [30] - Yuheng Pharmaceutical signed a joint promotion agreement for Pemafibrate tablets with Xinghe Pharmaceutical [31] - Chongqing Steel terminated the absorption and merger of its wholly-owned subsidiary, citing strategic advantages of independent operation [33] Group 9 - Jihong Co. announced the listing of its H-shares on the Hong Kong Stock Exchange [34] - Deshi Co. announced plans for shareholders to reduce their holdings by up to 0.3% [36] - Xinhai Medical's subsidiary received medical device registration for a dialysis fluid filter [42]