Group 1 - The core viewpoint of the article highlights that Beibu Gulf Port's stock closed at 8.4 yuan, with a 1.69% increase, and its rolling PE ratio reached 19.44, marking a new low in 26 days, with a total market value of 19.905 billion yuan [1] - The company operates in the shipping and port industry, focusing on container and bulk cargo handling, storage, and port value-added services, with main products including loading and unloading, tugboat services, cargo surveying, and agency services [1] - The latest financial performance shows that in Q1 2025, the company achieved operating revenue of 1.643 billion yuan, a year-on-year increase of 6.73%, while net profit was 196 million yuan, reflecting a year-on-year decrease of 49.87%, with a gross profit margin of 29.74% [1] Group 2 - In terms of industry PE ratios, Beibu Gulf Port ranks 22nd with an average industry PE of 15.16 and a median of 16.37 [2] - The main capital flow indicates that on July 22, there was a net inflow of 11.8596 million yuan, although the overall trend over the past five days showed a net outflow of 20.2961 million yuan [1]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery sector shows significant divergence in June data, with a focus on the industry's anti-involution process [3] - The express logistics market is expanding, supported by the national strategy to boost domestic demand, with a year-on-year growth of 15.8% in express delivery volume in June 2025 [5] - The performance of major express companies varies, with SF Express maintaining a business volume growth rate of over 30%, while other companies like YTO Express and Yunda Express show slower growth [4][5] Summary by Sections Express Logistics - In June 2025, the total express delivery volume reached 16.87 billion pieces, a year-on-year increase of 15.8%, with total revenue of 126.32 billion yuan, up 9.0% [5][24] - Major express companies' performance in June: YTO Express (2.627 billion pieces, +19.34%), Yunda Express (2.173 billion pieces, +7.41%), SF Express (1.460 billion pieces, +31.77%) [4][28] - The market share for these companies is 15.6% for YTO, 12.9% for both Yunda and Shentong, and 8.7% for SF Express [4] Air Transportation - The air travel sector is expected to benefit from macroeconomic recovery, with a year-on-year increase of 4.4% in passenger transport volume in June 2025 [52] - Major airlines are projected to improve their performance in Q2 2025 due to better supply-demand dynamics and lower oil prices [8] Shipping and Ports - The shipping sector is anticipated to benefit from OPEC+ production increases and a favorable economic environment, with a focus on crude oil transportation [16] - The Baltic Dry Index (BDI) increased by 27.8% week-on-week, indicating a recovery in the bulk shipping market [11][68] - Container throughput at Chinese ports showed a slight increase in cargo volume but a decrease in container throughput [81] Road and Rail - In June 2025, road freight volume increased by 2.86% year-on-year, while rail freight volume rose by 7.36% [45] - National logistics operations are running smoothly, with a slight increase in freight truck traffic [14] Supply Chain Logistics - Companies like Shenzhen International and Debon Logistics are expected to benefit from strategic transformations and improved profitability [15]

Core Viewpoint - The export of 1,271 Chinese-made automobiles from the Guangxi Beibu Gulf Port marks a significant advancement in the logistics and export capabilities of the Chinese automotive industry, particularly for companies in the southwestern region [1]. Group 1: Export Logistics - The automobiles are shipped using a "railway car + roll-on/roll-off ship" intermodal transport model, which shortens the delivery time from 4 to 10 days compared to traditional methods, creating a seamless connection from inland factories to export ports [1]. - The average unloading time per vehicle has been reduced from 5 minutes to 2 minutes, resulting in a 60% increase in overall operational efficiency due to optimized coordination and the advantages of sea-rail intermodal transport [3]. Group 2: Infrastructure and Capacity - The Beibu Gulf Port's North No. 1 berth is designed for 70,000-ton roll-on/roll-off vessels, with a length of 380.4 meters and an annual throughput capacity of 372,000 vehicles, providing essential support for large-scale exports [3]. - The North Bay Port has established 84 container shipping routes, including 52 international and 32 domestic routes, achieving comprehensive coverage of major domestic ports and key ports in Southeast and Northeast Asia [3]. Group 3: Strategic Significance - The successful export of vehicles from the southwestern region signifies the growing effectiveness of the new land-sea corridor in western China, enhancing the export capabilities of Chinese automotive and machinery products [3].

Group 1 - The company held its 15th meeting of the 10th Board of Directors on July 16, 2025, where it elected Liu Shengyou as the Chairman of the Board, effective immediately until the end of the current board term [1] - Liu Shengyou will also become the legal representative of the company, and the company will complete the necessary registration changes as per regulations [1] - Liu Shengyou has been appointed to various committees, including the Strategic Committee, Nomination Committee, Audit Committee, and Compensation and Assessment Committee, with his term lasting until the end of the current board term [1] Group 2 - The Strategic Committee will be led by Zhou Yan, with members from various departments including Planning, Legal Compliance, Audit, Finance, Engineering, Production, and Safety [1] - The Audit Committee will be chaired by Liu Shengyou, with members from the Audit, Legal Compliance, Finance, and Administrative offices [1] - The Compensation and Assessment Committee will also be chaired by Liu Shengyou, with members from Human Resources, Finance, Planning, and the Board Office [1]

证券代码：000582 证券简称：北部湾港 公告编号：2025048 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 关于选举董事长暨调整董事会专门委员会 人员组成的公告 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。 北部湾港股份有限公司（以下简称公司）于 2025 年 7 月 16 日召开第十届董事会第十五次会议，审议通过了《关于选举董事 长的议案》及《关于审议调整第十届董事会专门委员会人员组成 的议案》。具体内容公告如下： 一、关于选举董事长有关情况 根据《中华人民共和国公司法》《公司章程》等相关规定， 鉴于公司董事长职位空缺，为保障公司董事会规范运作和经营管 理的正常开展，与会董事选举刘胜友担任公司第十届董事会董事 长，任期自本次董事会审议通过之日起至第十届董事会任期届满 为止；同时根据《公司章程》的规定，公司法定代表人将变更为 刘胜友。公司将按照有关规定尽快完成法定代表人的工商变更登 记手续。 - 1 - 二、关于调整第十届董事会专门委员会人员组成的情况 经与会董事选举及审议，同意刘胜友担任公司第十届董事会 战略委员会主任委员及委员 ...

北部湾港股份有限公司2025年第一次临时股东大会的法律意见书 国浩律师(南宁)事务所 关于北部湾港股份有限公司 2025年第一次临时股东大会的 法律意见书 国浩律师(南宁)意字(2025)第 5001-3 号 致:北部湾港股份有限公司 国浩律师(南宁)事务所受北部湾港股份有限公司(以下简称"公司") 的委托,指派梁定君律师、刘卓昀律师(以下简称"本律师")作为公司 召开 2025 年第一次临时股东大会(以下简称"本次股东大会"或"会议") 的专项法律顾问,对本次股东大会的召开全过程进行见证并出具法律意见。 为出具法律意见,本律师出席了本次股东大会的会议,并审查了公司 提供的有关会议文件、资料。公司承诺:其已向本律师提供了出具法律意 见所必须的、真实的书面材料。本律师已证实书面材料的副本、复印件与 正本、原件一致。 基于对上述文件、资料的审查,本律师根据《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司股东会规则》《北部湾港股份有限 公司章程》(以下简称"《公司章程》")等有关规定,按照律师行业公 认的业务标准、道德规范和勤勉尽责的精神,对本次股东大会发表法律意 见。 本律师同意公司将本法律意见书与本 ...

证券代码：000582 证券简称：北部湾港 公告编号：2025046 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 2025 年第一次临时股东大会决议公告 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、会议召开和出席情况 （一）会议召开时间、地点等情况 1.会议召开时间： 现场会议召开时间为2025年7月16日（星期三）15:30开始； 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7月16日（星期三）9:15—9:25，9:30—11:30和13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为 2025年7月16日（星期三）9:15—15:00期间的任意时间。 2.现场会议召开地点：广西壮族自治区南宁市良庆区体强路 12号北部湾航运中心B座18楼1819会议室。 3.会议召开方式：本次会议采取现场记名投票与网络投票相 结合的方式。 本次会议采取现场记名投票表决和网络投票相结合的方式 审议表决了《关于审议补选第十届董事会非独立董事的议案》。 本提案为普通决议事项，已获得出席本次股东大会有效表决 权 ...

证券代码：000582 证券简称：北部湾港 公告编号：2025047 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 第十届董事会第十五次会议决议公告 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 鉴于北部湾港股份有限公司（以下简称公司）2025 年第一 次临时股东大会于 2025 年 7 月 16 日（星期三）审议通过了《关 于审议补选第十届董事会非独立董事的议案》，已选举刘胜友为 公司第十届董事会非独立董事。为保障公司经营管理的正常开展， 根据《中华人民共和国公司法》《公司章程》《董事会议事规则》 等有关规定，经全体董事同意，于同日 17:00 在南宁市良庆区体 强路 12 号北部湾航运中心 A 座 20 楼第一会议室，以现场结合 通讯方式召开第十届董事会第十五次会议。本次会议应出席董事 9 人，实际出席董事 9 人，其中董事洪峻以通讯方式出席会议并 表决。会议第一项《关于选举董事长的议案》由副董事长莫怒主 持审议，选举产生董事长后，刘胜友董事长主持审议后续议案， 公司监事及高级管理人员列席了会议。本次会议的召集 ...

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The report highlights the need for the express delivery industry to shift towards high-quality development, as the State Post Bureau opposes "involution" competition and aims to improve service quality [4] - The express delivery sector is currently experiencing a decline in per-package revenue, with major companies like Zhongtong, Yuantong, Yunda, and Shentong showing year-on-year decreases in revenue per package [4] - Jitu's Southeast Asian market has seen significant growth, with a total package volume of 7.392 billion pieces in Q2 2025, a year-on-year increase of 23.5% [5] - The airline industry is expected to benefit from macroeconomic recovery, with long-term supply-demand trends indicating potential for growth [12] - The shipping sector is anticipated to improve due to OPEC+ production increases and the Federal Reserve's interest rate cuts, with specific recommendations for companies like China Merchants Energy and COSCO Shipping [12] Summary by Sections Express Delivery - The express delivery market is facing intense competition, with major players experiencing a decline in revenue per package [4] - The report suggests that regulatory changes could help improve the situation by reducing low-cost competition and enhancing the performance of leading companies [4][12] Airline Industry - The airline sector is characterized by long-term low supply growth, but demand is expected to benefit from macroeconomic recovery [12] - Key companies to watch include China National Aviation Holding, Southern Airlines, and HNA Group [12] Shipping and Ports - The report indicates a positive outlook for oil transportation due to OPEC+ production increases and potential interest rate cuts [12] - Recommendations include focusing on companies like China Merchants Energy and COSCO Shipping for their growth potential in the shipping market [12] Road and Rail - The report notes that the Daqin Railway experienced a year-on-year decrease in freight volume in June 2025, while overall logistics operations remain stable [11][12] - Companies like Zhongyuan Expressway and Sichuan Chengyu are highlighted for their growth potential due to infrastructure developments [12]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on July 16, 2025 [1][2] - The meeting will be convened by the company's board of directors and complies with relevant laws and regulations [1][2] - Shareholders registered by the close of trading on July 11, 2025, are entitled to attend the meeting [2] Voting Procedures - The meeting will combine on-site voting and online voting [2] - Online voting will be available through the Shenzhen Stock Exchange trading system and internet voting system on July 16, 2025 [1][6] - Shareholders can vote on non-cumulative voting proposals, with options to agree, disagree, or abstain [6] Agenda Items - The main proposal for discussion is the election of a non-independent director for the tenth board of directors [2] - Detailed content of the proposal was disclosed in a prior announcement on July 1, 2025 [2] Registration and Attendance - Shareholders must register for the meeting via mail, fax, or in person, with specific identification requirements [4][5] - Contact information for inquiries includes phone and email addresses [4]