北部湾港股份有限公司（以下简称公司）第十届董事会第二 十次会议于 2025 年 12 月 8 日（星期一）09:00 在南宁市良庆区 体强路 12 号北部湾航运中心 B 座 15 楼 1526 会议室以现场结合 通讯的方式召开。本次会议通知及有关材料已于 2025 年 12 月 5 日通过电子邮件的方式送达各位董事和高级管理人员。本次会议 应出席董事 8 人，实际出席董事 8 人，其中董事洪峻、胡文晟以 通讯方式出席会议并表决。会议由董事、总经理莫怒主持，公司 高级管理人员列席了会议。本次会议的召集、召开符合法律法规、 规范性文件及《公司章程》的规定，合法有效。 二、董事会会议审议通过以下议案 证券代码：000582 证券简称：北部湾港 公告编号：2025084 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 第十届董事会第二十次会议决议公告 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、董事会会议召开情况 （一）《关于审议开展港口基础设施公募 REITs 申报发行工 作的议案》 1.公司董事会同意公司作为原始权益人，以公司全资子公司 ...

Core Viewpoint - The company announced several resolutions during the 20th meeting of its 10th Board of Directors, including plans for public REITs and significant investments for 2026 [1] Group 1: Investment Plans - The company plans to invest 8.289 billion yuan in 2026, which includes fixed assets, equity, and asset purchases [1] - The company intends to increase external debt financing by no more than 9.2313 billion yuan [1] Group 2: Financing and Guarantees - The company will provide a financing guarantee of no more than 14.28 million yuan for its subsidiary, Fangchenggang Dongwan Port Oil Terminal [1] Group 3: Related Party Transactions - The company expects daily transactions with related parties to amount to 1.395 billion yuan and 113 million yuan, respectively, in 2026 [1] Group 4: Other Resolutions - The meeting also addressed issues such as the release of fishery resources and the total salary budget, some of which require shareholder approval [1]

Group 1 - Shanghai Xinhai Feng Container Transportation Co., Ltd. has upgraded the Guangxi Beibu Gulf Port-Vietnam-Malaysia direct shipping route (CVM2) by adding Brunei Muara Port, enhancing the connectivity of the shipping line [1][3] - The newly launched route will allow goods to travel from Beibu Gulf Port in Qinzhou to Brunei Muara Port in approximately 10 days, facilitating trade [3] - The first shipment on this route included nearly 3,000 tons of cement destined for the expansion project of the container terminal at Muara Port, which is crucial for the project's successful completion [3] Group 2 - The expansion project at Muara Port is set to officially commence in August 2024 and is expected to be completed by the end of August 2027, with significant construction activities currently underway [3] - The project aims to enhance the port's trade zone development, improve cargo handling and logistics capabilities, and strengthen Brunei's competitiveness as a gateway to the ASEAN eastern growth area [3] - The stable operation of the new shipping route is anticipated to boost trade between China and Brunei, particularly in fruits, fish products, and aluminum products, supporting the "port-industry-park" model in Brunei [4]

Core Viewpoint - North Bay Port is experiencing rapid growth in cargo throughput and revenue, with significant increases in both overall and container volumes, driven by strategic initiatives and infrastructure improvements [1][5][6]. Group 1: Cargo Throughput and Growth - As of November 2025, North Bay Port's cumulative cargo throughput reached 329 million tons, marking a year-on-year increase of 10.19% [1][3]. - The container throughput for the same period totaled 9.1023 million TEUs, reflecting a growth of 10.75% year-on-year [1][3]. - The port's cargo throughput has grown from 156 million tons in 2017 to 328 million tons in 2024, with an average annual growth rate of 11.1% [3]. Group 2: Revenue and Profitability - For the first three quarters of 2025, North Bay Port reported revenue of 5.535 billion yuan, a year-on-year increase of 12.92%, achieving 74.8% of its annual revenue target [5][6]. - The net profit excluding non-recurring items reached 725 million yuan, up 22.63% year-on-year, indicating strong operational performance [5][6]. Group 3: Strategic Initiatives - The company has focused on expanding cargo sources and optimizing operational processes, including the establishment of a dedicated team for container cargo sourcing and enhancing intermodal transport [4][6]. - North Bay Port aims to achieve a cargo throughput of 330 million tons and container throughput exceeding 10 million TEUs by the end of 2025, aligning with its strategic goals [4]. Group 4: Infrastructure and Development - North Bay Port currently manages 91 coastal production berths with an annual throughput capacity of 451 million tons, including a container throughput capacity of 11.04 million TEUs [2]. - The port has opened 98 container shipping routes, enhancing its connectivity with both domestic and international markets [2]. Group 5: Innovation and R&D - The company is committed to innovation, focusing on smart and green transformation, with increasing R&D expenditures from 8.562 million yuan in 2022 to 29.32 million yuan in the first three quarters of 2025 [7].

Core Viewpoint - The development of Fangchenggang Port has significantly enhanced its operational capacity, allowing for efficient unloading of large cargo ships and supporting the growth of the local port-based industry [1][2]. Group 1: Port Development and Capacity - A foreign cargo ship carrying 200,000 tons of imported iron ore successfully docked at Fangchenggang Port, showcasing the port's advanced capabilities [1]. - The port has 47 operational berths, with 41 capable of handling over 10,000 tons and 13 over 100,000 tons, achieving an annual throughput capacity exceeding 180 million tons [1][2]. - The port's cargo throughput surpassed 100 million tons in the first half of 2025, marking a historical high for the same period [2]. Group 2: Operational Efficiency and Technology - Fangchenggang Port has optimized its ship docking and unloading processes through scientific scheduling and equipment support, improving turnaround efficiency [2]. - The port has implemented smart upgrades, including a large digital bulk cargo center and automated container yard, enhancing operational efficiency and accuracy [2][3]. - The introduction of AI technologies for inspection and counting has further improved the efficiency of the entire operational process [2]. Group 3: Environmental Initiatives - The port has established a comprehensive dust control system, resulting in a 70% reduction in PM2.5 concentration compared to pre-treatment levels [3]. - A water recycling system has been implemented, reusing 1.5 million tons of water annually and achieving zero wastewater discharge [3]. - The port's energy consumption per throughput unit has decreased by 26.8% since 2020, with nearly 60% of transportation being green [3]. Group 4: Industrial Development and Local Impact - The iron ore unloaded at the port will supply Guangxi Shenglong Metallurgy Co., which will produce high-end silicon steel and galvanized sheets, enhancing the local industrial chain [3][4]. - Guangxi Hongwang New Materials Co., a joint venture, has invested over 3 billion yuan and aims to achieve an annual production capacity of 2 million tons of high-performance silicon steel and galvanized sheets [4]. - The company plans to establish a highly integrated smart control center with over 90% automation, positioning itself as a benchmark in the industry [5]. Group 5: Future Prospects - Fangchenggang Port aims to continue enhancing green energy applications, upgrading unloading automation, and improving multimodal transport collaboration to become a model for green smart ports [5].

Investment Rating - The industry investment rating is "Positive" [2] Core Insights - The report highlights that the throughput of crude oil and dry bulk cargo is under pressure, while container throughput is experiencing significant growth [2][8] - From January to October 2025, the total import and export value reached 37.31 trillion yuan, a year-on-year increase of 3.6%, with exports growing by 6.2% [17] - Coastal major ports achieved a cargo throughput of 96.44 billion tons, up 3.5% year-on-year, with foreign trade cargo throughput at 41.91 billion tons, increasing by 3.6% [3][34] Summary by Sections 1. Overview: National Import and Export Total and Cargo Throughput - The total import and export value from January to October 2025 was 37.31 trillion yuan, with imports at 15.19 trillion yuan (flat year-on-year) and exports at 22.11 trillion yuan (up 6.2%) [17] - Coastal major ports' cargo throughput reached 96.44 billion tons, a 3.5% increase year-on-year, while foreign trade cargo throughput was 41.91 billion tons, up 3.6% [3][34] 2. Container: Container Shipping Rates and Throughput - As of November 28, 2025, the China Container Freight Index (CCFI) was at 1121.8 points, down 23.58% year-on-year, while the Shanghai Container Freight Index (SCFI) was at 1403.13 points, down 35.04% year-on-year [4][37] - From January to October 2025, container throughput at coastal major ports reached 25.908 million TEUs, a year-on-year increase of 6.6% [4][43] 3. Liquid Bulk: Oil Shipping Rates and Crude Oil Throughput - The Baltic Dirty Tanker Index (BDTI) was at 1452 points on November 28, 2025, reflecting a year-on-year increase of 62.78% [5][45] - Crude oil imports from January to October 2025 totaled 471 million tons, a 3.1% increase year-on-year, while the throughput at major crude oil receiving ports was 329 million tons, down 3.25% year-on-year [6][53] 4. Dry Bulk: Bulk Shipping Rates and Iron Ore, Coal Throughput - The Baltic Dry Index (BDI) was at 2560 points on November 28, 2025, up 89.07% year-on-year [7][55] - From January to October 2025, iron ore throughput at major ports reached 1.164 billion tons, a year-on-year increase of 3.45%, while coal throughput was 571 million tons, down 0.28% year-on-year [61][70] 5. Key Port Listed Companies Monthly Throughput - In October 2025, major port companies reported various throughput figures, with Shanghai Port Group achieving a cargo throughput of 0.49 billion tons and container throughput of 453.5 million TEUs [73]

北部湾港集团表示，集团作为广西实施国家重大战略的平台，是广西落实共建"一带一路"倡议的践行 者，是推进西部陆海新通道、北部湾国际门户港和国际枢纽海港、西江黄金水道建设的主力军，打 造"向海经济"的排头兵，同时抢抓关键金属产业及环保产业高质量发展机遇，利用资本市场精准赋能， 为积极践行国家战略、提升综合实力提供关键支撑。北部湾港集团自2013年完成北部湾港三港整体上市 以来，在资本市场开展了数轮运作，重组上市及募资总额达206.8亿元，其中超70%用于西部陆海新通 道港口基础设施建设、自动化码头升级、海铁联运网络拓展、有色金属核心矿产项目开发等国家战略相 关项目。北部湾港股份、华锡有色、博世科三大上市公司，在资本运作的助力下形成"港口枢纽筑基、 战略资源赋能、环保科技护航"的多元化协同格局，成为中国国企服务国家战略的"北港样本"。 据介绍，作为北部湾港集团核心上市平台，北部湾港股份是资本运作与实体经营深度融合的标杆。北部 湾港集团2013年将51.82亿元资产注入旗下北部湾港股份，实现重组上市，并于2015年完成27亿元定增 募资，2018年注入16.85亿元资产并配套融资16.47亿元，2021年发行30亿元 ...

Group 1 - Dongfang Electric announced that three executives plan to reduce their holdings by a total of no more than 30,000 shares due to personal financial needs [1] - Yahu Pharmaceutical's APL-1401 clinical trial data was presented at the 19th European Colorectal Congress, indicating progress in treating moderate to severe ulcerative colitis [1] - Guizhou Bai Ling's actual controller is under investigation by the China Securities Regulatory Commission for insider trading and information disclosure violations [3] Group 2 - Bairen Medical's ePTFE pericardial membrane product has been approved for registration, ending the reliance on imports for this product in the domestic market [4] - Qianxin received approval for a total of 2 billion yuan in technology innovation bonds, with plans to issue medium-term notes and short-term financing bonds [6] - Tengjing Technology's shareholder plans to reduce holdings by no more than 1.96% of the company's shares [7] Group 3 - Yuntianhua's subsidiary is required to pay 386 million yuan in overdue taxes and penalties, which will impact the company's net profit for 2025 [8] - Jianyou Pharmaceutical's propofol emulsion injection has received FDA approval in the United States [9] - Suzhou Gaoxin successfully acquired land use rights for a residential project for 360 million yuan [9] Group 4 - Chalco International's subsidiary won a bid for a 3.03 billion yuan electrolytic aluminum project [11] - Tai Long Pharmaceutical's stock will continue to be suspended due to potential changes in control as the major shareholder is planning a share transfer [12] - Qianli Technology reported a 63.44% year-on-year increase in automobile sales for November, although new energy vehicle sales decreased by 43.98% [13] Group 5 - Fosun Pharma's innovative drug FXS0887 has received approval for a Phase I clinical trial for advanced malignant solid tumors [14] - Guoen Co. has obtained approval for a project to produce 20,000 square meters of aviation-grade acrylic glass, with a total investment of 560 million yuan [15] - Guofa Co.'s chairman resigned due to personal reasons [17] Group 6 - Shanghai Construction won a bid for a state-owned construction land use right for 264 million yuan [18] - Weixin Kang's subsidiary received approval for a clinical trial of lidocaine cream for local anesthesia [20] - Sanxing Medical's subsidiary is a candidate for a 152 million yuan transformer procurement project for the State Grid [20] Group 7 - People's Daily announced the resignation of its president due to work changes, while retaining other leadership roles [21] - Beibu Gulf Port reported a 0.29% year-on-year increase in cargo throughput for November [22] - Chongqing Construction won three engineering projects with a total value of approximately 2.773 billion yuan [23] Group 8 - Xingyu Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange [24] - Huajian Group signed a design contract worth 160 million yuan for a comprehensive project [25] - Wankai New Materials plans to invest 350 million yuan in a technical transformation project for producing 100,000 tons of adipic acid [26] Group 9 - Kaipuyun received a government subsidy of 18 million yuan, which is 87.43% of its net profit for the last audited fiscal year [28] - Ningbo Port expects a 10.8% year-on-year increase in container throughput for November [30] - An Cai High-Tech plans to invest 498 million yuan to upgrade its photovoltaic glass production line [32] Group 10 - Shunhao Co. stated that its existing business has not generated synergies with the rail business, which faces various risks [34] - Yihualu plans to publicly transfer 35% of its stake in Liaoyun Company [35] - ST Wanfang's shareholder plans to reduce holdings by no more than 3% of the company's shares [36] Group 11 - Youyou Food's shareholder plans to reduce holdings by no more than 110,000 shares [38] - Hengtong Optic-Electric's incentive fund has spent 49.98 million yuan to purchase company shares [41] - Zoli Pharmaceutical plans to issue convertible bonds to raise no more than 1.556 billion yuan for various projects [42]

智通财经APP讯，北部湾港(000582.SZ)发布11月港口吞吐量数据，当月完成货物吞吐量2948.54万吨， 同比增长0.29%;其中：集装箱部分完成数90.71万标准箱，同比增长13.51%。 ...

Core Insights - The company reported a total cargo throughput of 29.4854 million tons in November, reflecting a year-on-year increase of 0.29% [1] - The container throughput reached 907,100 TEUs, showing a significant year-on-year growth of 13.51% [1] Summary by Category Cargo Throughput - November cargo throughput was 29.4854 million tons, with a slight increase of 0.29% compared to the same month last year [1] Container Throughput - The container segment achieved a throughput of 907,100 TEUs, marking a robust year-on-year growth of 13.51% [1]