Investment Rating - The report maintains a positive outlook on the shipping industry, particularly focusing on oil transportation and shipbuilding sectors, recommending stocks such as ST Songfa and China Merchants Energy [4]. Core Insights - The report highlights a strong performance in oil shipping, with VLCC TCE rates rising by 24% to $146,385 per day, and a significant increase in demand leading to higher freight rates [4]. - The global energy chain's valuation is on the rise, driven by long-term capacity utilization and mid-cycle profit expectations, suggesting a favorable environment for shipping rates [4]. - The report emphasizes the resilience of the dry bulk market, with the BDI index recording a slight increase of 1.19% to 2,043 points, indicating stable demand despite seasonal fluctuations [5]. Summary by Sections Shipping Market Performance - The shipping index decreased by 1.41%, underperforming the CSI 300 index by 1.77 percentage points, with the aviation sector experiencing the largest decline at -5.16% [5]. - The report notes that the coastal dry bulk freight index in China fell by 1.76%, while the Baltic Dry Index increased by 1.19% [5]. Oil Transportation - VLCC rates reached a new high of approximately $160,000 per day during the Spring Festival, with expectations for continued strength in the coming weeks [4]. - The report indicates that the average VLCC freight rate increased by 23% week-on-week, reaching $149,564 per day, reflecting tight capacity and strong demand [4]. Dry Bulk Market - The report mentions that the Capesize freight rate decreased by 4.1%, while the Panamax index showed resilience with a 3.5% increase [4]. - The report anticipates that post-holiday demand recovery will be crucial for the dry bulk market, particularly in iron ore shipments [4]. Air Transportation - The report suggests that the airline industry is at a turning point, with potential for significant profit growth due to increased passenger volumes and operational efficiencies [4]. - Airlines such as China Eastern Airlines and Spring Airlines are highlighted as key players to watch in this sector [4]. Express Delivery - The report notes uncertainties in the express delivery sector due to fluctuating demand and competitive pressures, but highlights the strong market position of leading companies like ZTO Express and YTO Express [4]. Rail and Road Transportation - Rail freight volumes and highway truck traffic are reported to be resilient, with the Ministry of Transport data showing a slight decrease in freight volume but overall stability [4]. - The report identifies two main investment themes in the highway sector: high dividend yields and potential value recovery in undervalued stocks [4].

近7天(2026年2月7日至13日)，现代投资股价呈现震荡下行趋势。区间累计跌幅为1.42%，振幅2.59%， 最新收盘价4.18元(截至2月13日)。成交量在2月12日显著放大至1471.05万股，但随后缩量，技术面显示 股价短期承压于20日均线(4.23元)，支撑位在4.15元附近。同期交通运输板块下跌1.11%，公司表现略优 于板块但弱于大盘。 以上内容基于公开资料整理，不构成投资建议。 经济观察网现代投资（000900）于2026年2月9日推出首个数智云收费站——昭山收费站，该系统正式投 入运行，通过AI算法提升车道通行效率约30%，特情处理时间缩短近50%，标志着公司数字化转型迈出 关键一步。此外，央行在2026年2月强调继续实施适度宽松的货币政策，可能为基建类企业提供流动性 支持。 股票近期走势 ...

Investment Rating - The report maintains a "Positive" outlook on the shipping industry, highlighting strong performance in the sector despite seasonal challenges [4]. Core Insights - The shipbuilding sector is expected to show significant earnings growth, with Su Mei Da's Q4 net profit forecasted at 2.5 billion, a year-on-year increase of 71%, driven by strong contributions from shipbuilding and power generation [5]. - The shipping market continues to experience robust demand, with one-year charter rates for VLCCs rising by 2.8% to $64,000 per day, and Cape rates increasing by 8.4% to $28,700 per day [5]. - The report emphasizes the ongoing volatility in oil transportation rates, with VLCC rates experiencing a 62% increase in a single day due to supply-demand imbalances and geopolitical tensions [5]. - The dry bulk shipping market is also showing resilience, with the BDI index rising by 21.9% week-on-week, driven by strong demand from Australia and Brazil [5]. Summary by Sections Shipbuilding Sector - Su Mei Da's Q4 net profit is projected at 2.5 billion, up 71% year-on-year, exceeding expectations [5]. - ST Songfa's Q4 net profit is estimated between 11-14 million, with a net profit margin of 14%, reflecting a 1.6 percentage point increase from Q3 [5]. - Attention is drawn to China Shipbuilding's upcoming full consolidation of assets and the release of high-priced orders in Q1 2026 [5]. Shipping Market - The report notes a continued upward trend in shipping rates, with VLCC rates increasing by 2.8% and Cape rates by 8.4% [5]. - The VLCC average rate rose by 16% week-on-week, reaching $122,326 per day, with Middle East to Far East rates dropping by 25% [5]. - The report highlights the impact of geopolitical tensions on oil transportation, particularly in the context of the Ukraine conflict [5]. Dry Bulk Shipping - The BDI index recorded a 21.9% increase, with Capesize rates rising by 35.8% to $31,809 per day [5]. - Strong demand from Australia and Brazil is noted, with limited supply contributing to higher rates [5]. Air Transportation - The report indicates a significant opportunity for airlines due to rising passenger volumes and historical high load factors, suggesting a potential "golden era" for the industry [5]. - Airlines such as China Eastern Airlines and Spring Airlines are highlighted as key players to watch [5]. Express Delivery - The report anticipates uncertainty in the express delivery sector due to fluctuating demand and industry self-regulation policies, but notes that leading companies like Zhongtong Express and YTO Express are expected to maintain their market share and profitability [5]. Rail and Road Transportation - Rail freight volumes and highway truck traffic are showing resilience, with recent data indicating a slight decline in volumes but overall stability [5]. - The report suggests that high dividend investment themes and potential value management catalysts in the highway sector are worth monitoring [5].

Company Overview - Hunan Digital Logistics Information Co., Ltd. has been established with a registered capital of 2 billion yuan [1][2] - The company operates in various sectors including artificial intelligence public data platforms, AI industry application system integration services, and aviation business services [1] Shareholding Structure - The major shareholders include Modern Investment Co., Ltd. holding 52%, Hunan Provincial Highway Group Co., Ltd. with 44%, and Hunan Steel Group Co., Ltd. with 1% [4] - Other shareholders include Hunan Rail Transit Holding Group Co., Ltd., Hunan Port and Navigation Water Conservancy Group Co., Ltd., Hunan Energy Group Co., Ltd., and Hunan Salt Industry Group Co., Ltd. with minor stakes [4] Business Scope - The company's business scope includes internet data services, big data services, data processing and storage support services, and information system integration services [2] - It also engages in various manufacturing and sales activities related to construction materials, non-metallic mineral products, and aviation support services [2]

Group 1 - The establishment of Hunan Smart Logistics Information Co., Ltd. with a registered capital of 2 billion yuan [1] - The company's business scope includes artificial intelligence public data platform, AI industry application system integration services, aviation business services, and aviation operation support services [1] - The company is jointly held by Modern Investment (000900), Hunan Expressway Group Co., Ltd., and Hunan Steel Group Co., Ltd. [1]

天眼查App显示，1月21日，湖南数智物流信息有限公司成立，法定代表人为张龙兴，注册资本20亿人 民币，经营范围包括第二类增值电信业务、互联网信息服务、建筑用钢筋产品生产、非煤矿山矿产资源 开采等，由现代投资（000900）、湖南省高速公路集团有限公司、湖南轨道交通控股集团有限公司等共 同持股。 ...

证券日报网讯1月23日，现代投资（000900）在互动平台回答投资者提问时表示，根据《公司法》和 《数智物流公司章程》及相关规定，数智物流的法人代表已通过该公司股东会、董事会产生。 ...

Group 1 - The core point of the article is that Hunan Smart Logistics Information Co., Ltd., a subsidiary of Modern Investment, has completed its business registration and is now operational [2] Group 2 - The company confirmed that the registration capital and assets have been properly handled and transferred [2] - The subsidiary has commenced normal operations following the completion of the registration process [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 法定代表人：张龙兴 注册资本：贰拾亿元整 住所：湖南省长沙市开福区月湖街道匍园路20号聚恒科技园1栋2栋1301室 经营范围：许可项目：第二类增值电信业务；互联网信息服务；建筑用钢筋产品生产；非煤矿山矿产资 源开采；建设工程施工；公路管理与养护；建筑劳务分包；通用航空服务；公共航空运输；民用机场运 营；飞行训练；测绘服务。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项 目以相关部门批准文件或许可证件为准）一般项目：互联网数据服务；技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广；大数据服务；数据处理服务；数据处理和存储支持服务；信息系 统集成服务；人工智能公共数据平台；人工智能行业应用系统集成服务；互联网销售（除销售需要许可 的商品）；软件开发；信息咨询服务（不含许可类信息咨询服务）；信息技术咨询服务；以自有资金从 事投资活动；自有资金投资的资产管理服务；建筑材料销售；轻质建筑材料销售；非金属矿及制品销 售；高性能纤维及复合材料销售；砼结构构件销售；砼结构构件制造；轻质建筑材料制造；水泥制品制 造；石灰和石膏销售；金属结构销售； ...

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。 现代投资股份有限公司（以下简称"公司"）于 2025 年 11 月 24 日召开第九届董事会第十一次会议审议通过《关于与关联方共同 出资设立公司暨关联交易的议案》，同意公司与湖南省高速公路集团 有限公司、湖南轨道交通控股集团有限公司、湖南省港航水利集团有 限公司、湖南钢铁集团有限公司、湖南能源集团有限公司、湖南盐业 集团有限公司，共同出资设立湖南数智物流信息有限公司（以下简称 "数智物流公司"），注册资本 20 亿元。具体内容详见公司于 2025 年 11 月 25 日披露的《关于与关联方共同出资设立公司暨关联交易的 公告》（公告编号：2025-042）。 近日，数智物流公司已完成工商登记注册并取得营业执照，工商 注册登记的相关信息如下： 公司名称：湖南数智物流信息有限公司 统一社会信用代码：91430105MAK6MPKX4F 公司类型：其他有限责任公司 法定代表人：张龙兴 证券简称：现代投资 证券代码：000900 公告编号：2026-002 现代投资股份有限公司 关于与关联方共同出资设立公司 暨关联交易的进 ...