证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-043 招商局港口集团股份有限公司 2024 年度分红派息实施公告 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。 特别提示： 1.2024 年度利润分配预案披露后至本次分红派息实施申请的前一交易日 （2025 年 6 月 16 日）期间，招商局港口集团股份有限公司（以下简称"本公司"） 因股票期权激励计划自主行权共新增股本 123,600 股，本公司总股本由 2,501,384,781 股增加至 2,501,508,381 股（其中 A 股为 2,321,612,951 股，B 股 为 179,895,430 股）。 2.本公司通过回购专户持有本公司 A 股股份 15,242,574 股，该部分股份不享 有利润分配的权利。本公司本次实际现金分红总额=实际参与分配的总股本×分 配比例，即 1,839,836,697.18 元=2,486,265,807 股（现有总股本 2,501,508,381 股-回购 A 股股份 15,242,574 股）×0.74 元/股；其中，A 股现金 ...

Group 1 - The company has announced its 2024 dividend distribution plan, which has been approved by the shareholders' meeting [1] - The dividend distribution is based on a total share capital of 2.502 billion shares, excluding 15.2426 million repurchased A-shares, resulting in a base of 2.486 billion shares [1] - The cash dividend is set at 7.4 yuan per 10 shares (including tax), with a total cash dividend amounting to 1.84 billion yuan, of which 1.707 billion yuan is allocated for A-shares [1] Group 2 - The A-share equity registration date is June 24, 2025, and the ex-dividend date is June 25, 2025 [1] - The last trading day for B-shares is also June 24, 2025, with the ex-dividend date on June 25, 2025, and the equity registration date on June 27, 2025 [1]

Core Viewpoint - The announcement provides a voluntary disclosure of business volume data for May 2025 by China Merchants Port Group Co., Ltd, highlighting both year-on-year growth and specific regional performance metrics [1]. Group 1: Container Volume - Total container volume for May 2025 reached 1,759.2 million TEU, representing a 4.4% increase year-on-year [2]. - Cumulative container volume for the year stands at 8,367.3 million TEU, reflecting a 6.4% year-on-year growth [2]. - Inland terminals contributed 1,387.7 million TEU in May, with a year-on-year increase of 5.6% [2]. - The Pearl River Delta region saw a slight decline of 1.1% year-on-year, totaling 156.8 million TEU [2]. - The Yangtze River Delta region experienced a robust growth of 9.1%, reaching 918.0 million TEU [2]. - The Bohai Rim region reported a minor decrease of 0.4%, totaling 286.0 million TEU [2]. - Southeast region's container volume increased by 8.2%, totaling 17.4 million TEU [2]. - Southwest region faced a significant decline of 17.0%, with 9.5 million TEU [2]. - Hong Kong, Macau, and Taiwan terminals reported a 21.0% decrease, totaling 42.9 million TEU [2]. - Overseas terminals contributed 328.6 million TEU, marking a 3.9% increase [2]. Group 2: Bulk Cargo Volume - Total bulk cargo volume for May 2025 reached 11,375.8 million tons, showing a year-on-year increase of 7.4% [2]. - Cumulative bulk cargo volume for the year is 52,626.0 million tons, with a slight decline of 0.4% year-on-year [2]. - Inland terminals accounted for 11,301.1 million tons in May, reflecting a 7.6% increase year-on-year [2]. - The Pearl River Delta region's bulk cargo volume decreased by 10.0%, totaling 337.7 million tons [2]. - The Yangtze River Delta region saw a 10.0% increase, reaching 6,953.0 million tons [2]. - The Bohai Rim region reported a 5.4% increase, totaling 3,059.2 million tons [2]. - Southeast region's bulk cargo volume surged by 21.2%, totaling 196.9 million tons [2]. - Southwest region experienced a minor increase of 1.6%, with 754.3 million tons [2]. - Overseas terminals reported a decline of 13.5%, totaling 74.7 million tons [2].

Group 1 - The core point of the article is that China Merchants Port reported a total container throughput of 17.592 million TEUs in May 2025, representing a year-on-year growth of 4.4% [1] - The total bulk cargo throughput reached 113.758 million tons in May 2025, showing a year-on-year increase of 7.4% [1]

Core Insights - The company announced a total of 17.59 million TEUs in container throughput for May 2025, representing a year-on-year increase of 4.4% [1] - Cumulative container throughput for the year reached 83.67 million TEUs, showing a year-on-year growth of 6.4% [1] Container Throughput Breakdown - Inland terminals handled 13.88 million TEUs, up 5.6% year-on-year [1] - Pearl River Delta terminals recorded 1.57 million TEUs, down 1.1% year-on-year [1] - Yangtze River Delta terminals processed 9.18 million TEUs, reflecting a 9.1% year-on-year increase [1] - Bohai Rim terminals managed 2.86 million TEUs, a slight decline of 0.4% year-on-year [1] - Southeast region terminals accounted for 174,000 TEUs, up 8.2% year-on-year [1] - Southwest region terminals saw a significant drop to 95,000 TEUs, down 17.0% year-on-year [1] - Hong Kong, Macau, and Taiwan terminals reported 429,000 TEUs, down 21.0% year-on-year [1] - Overseas terminals achieved 3.29 million TEUs, marking a 3.9% year-on-year increase [1] Bulk Cargo Performance - Total bulk cargo reached 114 million tons, reflecting a year-on-year increase of 7.4% [1] - Cumulative bulk cargo for the year was 526 million tons, showing a slight decline of 0.4% year-on-year [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 5 月 | 同比变化 | 本年累计 | 同比变化 | | --- | --- | --- | --- | --- | | 集装箱总计（万 TEU） | 1,759.2 | 4.4% | 8,367.3 | 6.4% | | 内地码头 | 1,387.7 | 5.6% | 6,535.0 | 6.9% | | 其中：珠三角 | 156.8 | -1.1% | 748.5 | 11.7% | | 长三角 | 918.0 | 9.1% | 4,327.3 | 8.5% | | 环渤海 | 286.0 | -0.4% | 1,326.2 | 0.2% | | 东南地区 | 17.4 | 8.2% | 85.9 | 10.0% | | 西南地区 | 9.5 | -17.0% | 47.1 | -6.2% | | 港澳台码头 | 42.9 | -21.0% | 243.3 | 0.5% | | 海外码头 | 328.6 | 3.9% | 1,589.0 | 5.0% | | 散杂货总计（万吨） | ...

在"双碳"目标引领绿色发展浪潮下，一汽解放与招商港口携手共进，于2025年6 月12日，在 招商局港口（华南）营运中心蛇口集装箱码头举办"共筑绿色港口领航蓝湾新程——一汽解放 &招商港口185辆新能源港口牵引车交付仪式"。 此次185辆新能源港口牵引车的交付，不仅是一汽解放深耕绿色智慧物流、助力港口低碳转型 的又一里程碑，更标志着双方在新能源商用车场景化应用与绿色港口共建进程中，迈出关键且 坚实的一步。也是一汽解放协同生态合作伙伴启源芯动力在终端补能运营、车电分离创新模式 项目合作的又一成功案例。 活动初始，随着嘉宾与领导有序入场，这场关乎绿色港口建设的合作盛宴，正式启幕。首先由 一汽解放副总经理兼商用车开发院院长王建宇致辞，面对"双碳"机遇，一汽解放 以"15333"新能源战略为引擎，全力加速新能源产业变革进程。在为市场输送安全可靠产品 的同时，深化服务升级，助力物流场景向绿色高效加速转型。 招商港口财务总监黄镇洲，则围绕"港口积极推进的港口作业全链条的绿色转型"展开深入分 享，着重阐释新能源换电站先进的"智能换电调度系统"，同时对一汽解放在绿色转型中给予的 技术支持与产品赋能致以谢忱，传递出双方协同践行国 ...

证券研究报告 交通运输 | 航运港口 非金融|首次覆盖报告 hyzqdatemark 2025 年 06 月 08 日 证券分析师 孙延 SAC：S1350524050003 sunyan01@huayuanstock.com 刘晓宁 SAC：S1350523120003 liuxiaoning@huayuanstock.com 曾智星 SAC：S1350524120008 zengzhixing@huayuanstock.com 王惠武 SAC：S1350524060001 wanghuiwu@huayuanstock.com 联系人 张付哲 zhangfuzhe@huayuanstock.com | 基本数据 | | | 2025 | 年 06 | 月 | 06 | 日 | | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | | 20.48 | | | 一 年 内 / 最 低 | 最 | 高 | | | | 24.94/17.93 | | | （元） | | | | | | | | | 总市值（百万元） | | | | ...

Core Viewpoint - The report highlights the investment potential of China Merchants Port (001872), emphasizing its global port investment platform and ongoing overseas expansion to enhance profitability [1] Group 1: Company Overview - China Merchants Port is controlled by China Merchants Group, a century-old state-owned enterprise, which has expanded its port asset management through acquisitions and shareholding [1] - The company's core business includes port loading and unloading, bonded logistics, and smart technology, with port loading and unloading expected to account for over 95% of revenue by 2024 [1] - Investment income has averaged 67.23% of total profit from 2019 to 2024, with significant contributions from investments in Shanghai International Port Group (600018) [1] Group 2: Global Network and Revenue Contribution - As of the end of 2024, the company has established an investment network in 51 ports across 26 countries and regions, with domestic port assets concentrated in five major coastal port clusters [2] - Domestic port business has contributed an average of 71.84% to total revenue from 2019 to 2024, providing a solid performance foundation [2] - The overseas business, while smaller, has shown significant growth potential with a CAGR of 11.12% from 2019 to 2024, surpassing the overall company growth rate of 5.88% [2] - The company is expected to complete the acquisition of the Vast Oil Terminal in Brazil by 2025, further expanding its South American operations [2] Group 3: Service Management and Fee Structure - The company focuses on improving service management and market research to stabilize and reasonably increase port fees [2] - Domestic port fee reforms are ongoing, with expectations for accelerated marketization and enhanced fee flexibility [2] - In overseas markets, fee adjustments may occur in response to local inflation pressures [2] Group 4: Profit Forecast and Rating - The company is projected to achieve net profits of 4.813 billion, 5.175 billion, and 5.604 billion yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 6.57%, 7.53%, and 8.27% [3] - The current price-to-earnings ratios are estimated at 10.64, 9.90, and 9.14 for the respective years [3] - Given the substantial growth potential and a dividend yield of approximately 4%, the company has been rated as a "buy" [3]

证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-041 招商局港口集团股份有限公司 关于回购公司股份的进展公告 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。 招商局港口集团股份有限公司（以下简称"公司"）分别于 2024 年 10 月 18 日、2024 年 10 月 29 日召开第十一届董事会 2024 年度第七次临时会议及 2024 年 度第三次临时股东大会，审议通过了《关于以集中竞价交易方式回购公司股份 方案的议案》，同意公司以自有资金或自筹资金通过深圳证券交易所以集中竞 价交易方式回购公司股份，回购的股份全部用于注销并减少注册资本，回购价 格不超过 31.50 元/股。回购的资金总额不低于人民币 19,500 万元（含）且不超 过人民币 38,900 万元（含），回购实施期限为自公司股东大会审议通过本次回 购股份方案之日起 12 个月内。具体内容详见公司于 2024 年 10 月 20 日在巨潮资 讯网（www.cninfo.com.cn）披露的《第十一届董事会 2024 年度第七次临时会议 决议公告》（公告编号：2 ...