证券代码：000582 证券简称：北部湾港 公告编号：2025071 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 关于实施权益分派期间"北港转债"暂停转股 的提示性公告 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。 特别提示： 1．债券代码：127039 债券简称：北港转债 指南第 1 号——业务办理》等相关规定，自 2025 年 10 月 13 日 起至本次权益分派股权登记日止，公司可转换公司债券（债券简 称：北港转债，债券代码：127039）将暂停转股，本次权益分派 股权登记日后的第一个交易日起恢复转股。 在上述期间，公司可转换公司债券正常交易，敬请公司可转 换公司债券持有人注意。 特此公告 北部湾港股份有限公司董事会 2025 年 10 月 10 日 2．转股起止时间：2022 年 1 月 5 日至 2027 年 6 月 28 日 3．暂停转股时间：2025 年 10 月 13 日起至公司 2025 年中 期权益分派股权登记日止 4．恢复转股时间：公司 2025 年中期权益分派股权登记日后 的第一个交易日 北部湾港股份有限公司（以 ...

Core Viewpoint - The company announced a temporary suspension of the conversion of "Beibu Gulf Convertible Bonds" due to the implementation of the 2025 mid-term equity distribution, with specific dates outlined for the suspension and resumption of conversion [1] Group 1 - The "Beibu Gulf Convertible Bonds" (bond code: 127039) will be suspended from conversion starting October 13, 2025, until the equity registration date for the distribution [1] - The conversion period for the bonds is from January 5, 2022, to June 28, 2027, and trading will continue normally during the suspension period [1] - The company provided details on the adjustment method and calculation formula for the conversion price [1]

证券代码：000582 证券简称：北部湾港 公告编号：2025070 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 2025 年第三季度可转换公司债券转股情况 公告 一、可转换公司债券发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会《关于核准北部湾港股份有限公 - 1 - 司公开发行可转换公司债券的批复》（证监许可〔2021〕1185 号）文核准，公司于 2021 年 6 月 29 日公开发行了 3,000 万张可 转换公司债券，每张面值 100 元，发行总额 30.00 亿元，期限六 年。 （二）可转债上市情况 经深圳证券交易所（深证上〔2021〕713 号）文同意，公司 可转换公司债券于 2021 年 7 月 23 日在深圳证券交易所挂牌交易， 债券简称"北港转债"，债券代码"127039"。 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。 特别提示： | 股票代码：000582 | | | | | | 股票简称：北部湾港 | | | | --- | --- | --- | --- | --- | --- | --- | - ...

Core Points - The company announced the conversion situation of its "Beigang Convertible Bonds" for the third quarter of 2025 [1] - The company issued 3 billion yuan of convertible bonds on June 29, 2021, with a six-year term [1] - The initial conversion price was set at 8.35 yuan per share, which has been adjusted to 7.39 yuan per share [1] Summary by Sections - **Convertible Bonds Issuance** - The company issued 3 billion yuan of convertible bonds on June 29, 2021, with a maturity of six years [1] - The bonds were listed on July 23, 2021 [1] - **Conversion Period and Price** - The conversion period is from January 5, 2022, to June 28, 2027 [1] - The initial conversion price was 8.35 yuan per share, currently adjusted to 7.39 yuan per share [1] - **Third Quarter 2025 Performance** - In the third quarter of 2025, the conversion amount decreased by 85,000 yuan, resulting in a conversion of 11,499 shares [1] - As of September 30, 2025, the remaining convertible bond amount is 1,079,932,000 yuan [1]

Core Insights - North Bay Port's stock price decreased by 0.82% on September 30, with a trading volume of 139 million yuan [1] - The company experienced a net financing outflow of 4.58 million yuan on the same day, with a total financing balance of 364 million yuan [1][2] - For the first half of 2025, North Bay Port reported a revenue of 3.556 billion yuan, reflecting a year-on-year growth of 11.5%, while net profit decreased by 15.7% to 531 million yuan [2] Financing and Margin Trading - On September 30, North Bay Port had a financing buy-in of 15.604 million yuan, with a financing balance of 362 million yuan, accounting for 2.32% of its market capitalization [1] - The financing balance is above the 80th percentile of the past year, indicating a high level of financing activity [1] - The company had no share buybacks on the same day, with a short-selling volume of 54,700 shares, amounting to 460,600 yuan [1] Shareholder Structure - As of June 30, the number of shareholders increased to 41,700, a rise of 10.06%, while the average number of circulating shares per person decreased by 4.39% to 44,476 shares [2] - Cumulatively, North Bay Port has distributed 2.842 billion yuan in dividends since its A-share listing, with 1.205 billion yuan distributed in the last three years [3] - Among the top ten circulating shareholders, Southern CSI 500 ETF is the eighth largest, holding 13.7899 million shares as a new shareholder [3]

证券日报网讯北部湾港（000582）9月30日在互动平台回答投资者提问时表示，公司高度重视国际航线 网络的开拓与完善，截至目前，共开通内外贸集装箱航线91条，其中外贸集装箱航线56条(远洋航线9 条)，外贸集装箱航线占比61.54%。近洋航线实现东南亚、东北亚区域主要港口全覆盖；远洋航线方 面，配套了联通至非洲、北美、南美、印巴区域以及太平洋岛国等地区的直航航线服务。公司将持续关 注腹地企业的出口需求，结合货源数量及结构，积极与船公司沟通协调，为客户提供更优质的航线服 务。 ...

Core Viewpoint - The company is actively expanding its international shipping routes, with a focus on meeting the export needs of businesses in its hinterland. Group 1: Shipping Routes and Capacity - The company has opened a total of 91 container shipping routes, including 56 foreign trade routes, which account for 61.54% of the total [1] - The near-sea routes cover major ports in Southeast Asia and Northeast Asia [1] - The long-distance routes provide direct shipping services to regions including Africa, North America, South America, the Indian subcontinent, and Pacific island nations [1] Group 2: Future Plans and Customer Focus - The company is committed to continuously monitoring the export demands of hinterland enterprises [1] - It aims to coordinate with shipping companies to provide better route services based on cargo volume and structure [1]

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Beibu Gulf Port, indicating a slight increase in stock price and significant trading volume on September 29 [1] - As of September 29, Beibu Gulf Port's financing balance reached 368 million yuan, accounting for 2.33% of its market capitalization, which is above the 80th percentile of the past year, indicating a high level of financing activity [1] - The company reported a total revenue of 3.556 billion yuan for the first half of 2025, reflecting a year-on-year growth of 11.5%, while the net profit attributable to shareholders decreased by 15.7% to 531 million yuan [2] Group 2 - Beibu Gulf Port has distributed a total of 2.842 billion yuan in dividends since its A-share listing, with 1.205 billion yuan distributed over the last three years [3] - As of June 30, 2025, the number of shareholders increased by 10.06% to 41,700, while the average circulating shares per person decreased by 4.39% to 44,476 shares [2] - Among the top ten circulating shareholders, the Southern CSI 500 ETF is a new entrant holding 13.79 million shares, while Hong Kong Central Clearing Limited reduced its holdings by 5.3532 million shares [3]

Core Viewpoint - The company, Beibu Gulf Port, is a key player in the logistics and shipping industry, benefiting from national policies and strategic initiatives such as the Belt and Road Initiative and the development of the Western Land-Sea New Corridor [2][3]. Business Overview - The main business activities of the company include container and bulk cargo handling, storage, and port services [2]. - Beibu Gulf Port is the only state-owned public terminal operator in the Guangxi Beibu Gulf region, playing a crucial role in the southwestern coastal port group [3]. - The company has established itself as a significant logistics hub, facilitating the transformation of cargo from bulk to containerized shipping, thereby enhancing its integration with regional industries [2][3]. Financial Performance - In 2023, the company achieved a cargo throughput of 31,039.78 million tons, a year-on-year increase of 10.81%, accounting for 70% of the total cargo throughput at Beibu Gulf Port [3]. - The container throughput reached 802.20 million TEUs, reflecting a 14.26% year-on-year growth, representing 100% of the port's total container throughput [3]. - For the first half of 2025, the company reported an operating income of 3.556 billion yuan, an increase of 11.50% year-on-year, while the net profit attributable to shareholders was 531 million yuan, a decrease of 15.70% [8]. Market Position and Strategy - The company is positioned as a vital gateway for international trade with ASEAN, supported by government policies aimed at enhancing port logistics development [3]. - The company emphasizes collaboration with customers and partners to expand its operations in port construction, logistics supply chain services, and cargo sourcing [2][3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 10.06% to 41,700, with an average of 44,476 shares held per shareholder, a decrease of 4.39% [8]. - The company has distributed a total of 2.842 billion yuan in dividends since its A-share listing, with 1.205 billion yuan distributed over the past three years [9].

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The express delivery industry is experiencing resilient demand, with a shift towards "quality over quantity" leading to price increases, which will enhance corporate profitability. Companies like SF Express and JD Logistics are expected to benefit from cyclical recovery and cost reduction [4][13] - The shipping sector is anticipated to benefit from the OPEC+ production cycle and the Federal Reserve's interest rate cuts, with a notable improvement in the oil transportation market expected in Q4 2025 [13] - The aviation industry is projected to see long-term demand growth due to macroeconomic recovery, with short-term ticket booking data indicating a rebound [13] Summary by Sections Express Delivery - The express delivery sector is witnessing a significant price increase, with over 90% of regions in China experiencing price hikes, which is expected to improve profitability for companies [4] - Key companies to watch include YTO Express, Shentong Express, Zhongtong Express, and SF Express, all of which are positioned to benefit from the industry's positive trends [13] Shipping and Shipbuilding - The shipping sector is expected to see a cyclical recovery, particularly in oil transportation due to OPEC+ production increases and geopolitical uncertainties enhancing VLCC rate elasticity [13] - The shipbuilding market is in a green transition phase, with new orders expected to improve as market conditions stabilize [13] Aviation - The aviation sector is experiencing low supply growth with increasing demand, leading to a favorable long-term outlook. Companies like China Southern Airlines and Air China are highlighted for their potential [13][14] Logistics and Ports - The logistics sector is seeing a positive trend with companies like Shenzhen International and Debon Logistics expected to benefit from improved competition and operational efficiencies [13] - Port operations are stable, with a focus on cash flow and growth potential in hub ports like China Merchants Port and Qingdao Port [13]