10月27日，招商港口盘中上涨2.00%，截至10:37，报20.87元/股，成交4751.34万元，换手率0.13%，总 市值517.94亿元。 招商港口今年以来股价涨5.75%，近5个交易日涨2.20%，近20日涨0.34%，近60日涨2.10%。 资料显示，招商局港口集团股份有限公司位于广东省深圳市南山区招商街道工业三路一号招商局港口大 厦23-25楼，成立日期1990年7月19日，上市日期1993年5月5日，公司主营业务涉及集装箱和散杂货物的 港口装卸、仓储、运输及其它配套服务。主营业务收入构成为：港口业务95.38%，保税物流业务 3.60%，物业开发及投资1.01%。 招商港口所属申万行业为：交通运输-航运港口-港口。所属概念板块包括：长期破净、低市盈率、破净 股、港口运输、RCEP概念等。 截至6月30日，招商港口股东户数3.09万，较上期减少14.08%；人均流通股83400股，较上期增加 22.97%。2025年1月-6月，招商港口实现营业收入84.68亿元，同比增长6.19%；归母净利润26.27亿元， 同比增长3.13%。 分红方面，招商港口A股上市后累计派现70.61亿元。近三年，累计 ...

Market Overview - The shipping and port sector declined by 0.62% on October 22, with Haixia Co. leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Notable gainers in the shipping and port sector included: - Zhonggu Logistics (603565) with a closing price of 11.18, up 1.82% [1] - Tangshan Port (601000) at 4.00, up 1.01% [1] - COSCO Shipping Specialized (600428) at 7.21, up 0.84% [1] - Major decliners included: - Haixia Co. (002320) at 13.59, down 7.55% [2] - Antong Holdings (600179) at 4.29, down 6.94% [2] - Haitong Development (603162) at 10.63, down 6.01% [2] Trading Volume and Capital Flow - The shipping and port sector experienced a net outflow of 752 million yuan from institutional investors, while retail investors saw a net inflow of 708 million yuan [2][3] - The trading volume for Zhonggu Logistics was 177,100 shares, with a transaction value of 197 million yuan [1] Individual Stock Capital Flow - Zhonggu Logistics (603565) had a net inflow of 10.93 million yuan from retail investors, while institutional investors saw a net outflow of 54.53 million yuan [3] - COSCO Shipping Holdings (601866) had a net inflow of 73,040 yuan from retail investors, with a minor outflow from institutional investors [3]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [3] Core Views - The express logistics sector is experiencing resilient demand, with a "de-involution" trend driving up express prices, enhancing corporate profitability. The long-term outlook for e-commerce express logistics is positive due to healthy competition [3][13] - The shipping sector is expected to benefit from the OPEC+ production increase and the Federal Reserve's interest rate cuts, with a notable improvement in VLCC freight rates anticipated in Q4 2025 [13] - The aviation industry is seeing stable demand growth, with supply chain issues leading to increased costs for airlines. The overall passenger demand is projected to grow by 10.4% in 2024, outpacing capacity growth [9][14] Summary by Sections Express Logistics - In September 2025, major express companies reported improved performance, with YTO, Shentong, and Yunda achieving business volumes of 2.627 billion, 2.187 billion, and 2.110 billion pieces, respectively, representing year-on-year growth of 13.64%, 9.46%, and 3.63% [3][27] - The average revenue per piece for these companies also saw increases, indicating a trend of rising prices in the express delivery sector [3][27] Shipping and Ports - The implementation of new port fees between China and the US is expected to create a dual market structure, granting strategic pricing power to compliant shipping capacities [5] - China has secured pricing power for iron ore, marking a significant shift in global commodity trade dynamics [6] - The Shanghai Container Freight Index (SCFI) rose by 12.9% week-on-week, indicating a positive trend in shipping rates [7] Aviation - The International Air Transport Association (IATA) reported that supply chain bottlenecks are delaying aircraft production, leading to increased costs for airlines, estimated to exceed $11 billion in 2025 [9] - Chinese airlines collectively oppose the US Department of Transportation's proposed flight restrictions, highlighting concerns over operational impacts [10] Road and Rail - National logistics operations were reported to be running smoothly, with significant increases in highway freight traffic [12] - The National Development and Reform Commission plans to enhance electric vehicle charging infrastructure along highways by 2027 [12] Overall Market Performance - From October 13 to October 17, 2025, the transportation sector index increased by 0.73%, outperforming the Shanghai Composite Index, which fell by 1.47% [18]

Investment Rating - The report rates the transportation industry as "Positive" [1] Core Insights - Over 80% of transportation companies have performed well in ESG scores, with 15 companies scoring above 80 and 12 above 90, representing 83% and 67% respectively [9][11] - 94% of the 18 central enterprises in the transportation sector have completed the required disclosures regarding importance assessment, but only 33% have disclosed third-party verification reports [11][13] - Companies in the high score range actively disclose climate change issues, while those in the lower range focus more on environmental issues, indicating a need for improvement in climate-related disclosures [16][17] - The report highlights the social responsibilities of transportation enterprises, particularly in rural revitalization and safety operations, with a 94% disclosure rate for safety operations [37][41] - Governance scores are generally high, with many companies integrating party building into their governance structures, showcasing a unique governance advantage [47][51] Summary by Sections Overall Performance - More than 80% of transportation companies have good overall ESG scores, with detailed financial importance disclosures and high scores in environmental, social responsibility, and governance aspects [9][16] Importance Assessment - 94% of companies have completed the required disclosures, with 17 out of 18 companies highlighting financial importance [11][13] Environmental & Climate - 83% of companies scored between 30-34 in environmental issues, with high disclosure rates for waste management (100%) and energy management (96%) [16][20] - Climate management disclosures show a high completion rate of 89%, but climate strategy disclosures need improvement, with only 56% of companies fully disclosing [32][35] Social Responsibility - Transportation enterprises have detailed their efforts in rural revitalization and social contributions, achieving a 100% disclosure rate for social responsibility [41][42] - Safety operations are a key focus, with 94% of companies disclosing relevant information [37][45] Governance - Governance scores are high, with 14 companies disclosing governance structures and mechanisms, and many integrating party building into their governance [47][51] - 94% of companies focus on safety risk management, with detailed disclosures on safety management systems [53][56]

Core Insights - The company reported a total container throughput of 17.616 million TEUs in September 2025, representing a year-on-year growth of 7.9% [1] - The total throughput of bulk cargo reached 106.529 million tons in September 2025, showing a year-on-year increase of 5.7% [1] Company Performance - Container throughput increased to 17.616 million TEUs, indicating strong operational performance in the container segment [1] - Bulk cargo throughput of 106.529 million tons reflects a solid demand in the bulk cargo market [1]

Core Viewpoint - The company, China Merchants Port (001872.SZ), reported its business volume data for September 2025, showing positive growth in both container and bulk cargo throughput [1] Group 1: Container Volume - In September 2025, the total container throughput reached 17.616 million TEU, representing a year-on-year increase of 7.9% [1] Group 2: Bulk Cargo Volume - The total bulk cargo volume amounted to 106.529 million tons in September 2025, reflecting a year-on-year growth of 5.7% [1]

本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 | 业务指标 | 2025 年 9 月 | 同比变化 | 本年累计 | 同比变化 | | --- | --- | --- | --- | --- | | 集装箱总计（万 TEU） | 1,761.6 | 7.9% | 15,460.5 | 5.3% | | 内地码头 | 1,394.4 | 8.1% | 12,140.8 | 6.0% | | 其中：珠三角 | 129.2 | -15.5% | 1,330.7 | 1.8% | | 长三角 | 946.0 | 13.4% | 8,071.3 | 8.3% | | 环渤海 | 294.5 | 6.7% | 2,490.7 | 1.9% | | 东南地区 | 16.3 | -7.9% | 160.7 | 3.6% | | 西南地区 | 8.4 | -10.1% | 87.4 | -8.2% | | 港澳台码头 | 36.4 | -23.4% | 402.7 | -8.7% | | 海外码头 | 330.8 | 12.2% | 2,917.0 | 4.4% | | 散杂货总计 ...

Group 1 - On October 14, 15 companies announced 15 stock repurchase updates, with 6 companies disclosing repurchase plans for the first time, 3 plans approved by shareholders, 4 companies reporting implementation progress, and 2 completing their repurchase plans [1] - The highest proposed repurchase amounts from newly disclosed plans are from COSCO Shipping Holdings at 1.498 billion, Jiuan Medical at 600 million, and China National Chemical Engineering at 100 million [1] - Companies that received shareholder approval for their repurchase plans include Nearshore Protein with a proposed repurchase of up to 20 million, Haoshanghao at 266,400, and Runbei Aerospace Technology at 227,100 [1] Group 2 - The highest amounts repurchased from companies reporting implementation progress are from Ruikang Pharmaceutical at 69.3892 million, Qianwei Central Kitchen at 49.9827 million, and Baiwei Storage at 39.9905 million [1] - Completed repurchases include China Merchants Port at 389 million and Rongxin Culture at 21.999 million [2] - As of October 14, a total of 1,614 repurchase plans have been completed this year, involving 1,226 companies, with 312 companies having completed repurchases exceeding 100 million [2]

Core Viewpoint - The company has completed its share repurchase and cancellation process, reducing its total share capital by 19,817,696 shares, which is 0.79% of the total shares before cancellation [1] Summary by Sections Share Repurchase - The company announced the completion of its share repurchase, with a total of 19,817,696 shares being canceled [1] - The canceled shares represent 0.79% of the company's total share capital prior to the cancellation, which was 2,501,565,281 shares [1] Share Capital Changes - Following the cancellation, the company's total share capital has been reduced from 2,501,565,281 shares to 2,481,747,585 shares [1] - The cancellation procedures were completed on October 10, 2025, at the Shenzhen branch of China Securities Depository and Clearing Co., Ltd [1]

招商局港口集团股份有限公司 关于回购股份注销完成暨股份变动的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 重要内容提示： 1.招商局港口集团股份有限公司（以下简称"公司"）本次回购股份已实 施 完 毕 。 公 司 本 次 注 销 的 股 份 为 19,817,696 股 ， 占 注 销 前 公 司 总 股 本 （2,501,565,281 股）的 0.79%，本次注销的股份数量与公司实际回购的股份数 量一致。 证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-065 二、本次回购股份的注销情况 2.公司于 2025 年 10 月 10 日在中国证券登记结算有限责任公司深圳分公司 办理完成上述股份的注销手续。本次股份回购注销完成后，公司总股本由 2,501,565,281 股变更为 2,481,747,585 股。 一、回购股份实施情况 公司于 2024 年 10 月 18 日召开第十一届董事会 2024 年度第七次临时会 议，并于 2024 年 10 月 29 日召开 2024 年第三次临时股东大会，审议通过了 《关于以 ...