招商港口（001872）公告，2025年第一季度营业收入42.14亿元，同比增长8.99%。净利润10.91亿元， 同比增长5.21%。 ...

证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-030 本公司 2024 年度第二期超短期融资券已于 2025 年 4 月 28 日到期，本公司 已在到期日兑付了该超短期融资券本息，有关超短期融资券兑付公告详见上海 清 算 所 网 站 （ www.shclearing.com.cn ） 和 中 国 货 币 网 （www.chinamoney.com.cn）。 特此公告。 招商局港口集团股份有限公司 董 事 会 2025 年 4 月 29 日 招商局港口集团股份有限公司 关于 2024 年度第二期超短期融资券到期兑付的公告 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"本公司"）于 2023 年 12 月 29 日发布《关于债务融资工具获准注册的公告》（公告编号：2023-092），披露 收到中国银行间市场交易商协会签发的《接受注册通知书》（中市协注〔2023〕 DFI66 号）（下称"通知书"），中国银行间市场交易商协会同意接受本公司债 务融资工具注册，有效期为自通知书落款之日起 2 年。 ...

Core Viewpoint - The China Merchants Group is undergoing its "third entrepreneurship," which is considered as significant as its previous two phases, focusing on innovation and efficiency through the "smile curve" and "Malik curve" strategies [1][2]. Group 1: Company Overview - The China Merchants Group aims to enhance its ability to navigate through economic cycles by diversifying its business segments and reducing reliance on single markets, targeting a total asset of 14.7 trillion yuan by the end of 2024, an increase of 8.9% from the beginning of the year, with a profit of 227.2 billion yuan [2]. - The group emphasizes the transformation of traditional industries into innovative sectors through technology empowerment, particularly in smart ports, real estate parks, intelligent transportation, and digital property services [1]. Group 2: Subsidiary Performance - China Merchants Shekou achieved a comprehensive funding cost of 2.99%, the best in the industry, with total assets of 860.3 billion yuan and a net profit of 4.04 billion yuan in 2024, while maintaining a strong sales ranking in the real estate sector [5][6]. - China Merchants Port reported a container throughput of 195.16 million TEU in 2024, a year-on-year increase of 8.3%, with a net profit of 4.52 billion yuan, marking a 26.4% growth [7]. - China Merchants Highway generated a revenue of 12.71 billion yuan and a net profit of 5.32 billion yuan in 2024, with a total asset of 159.17 billion yuan and a debt ratio of 44.22% [9][10]. - China Merchants Jiyu, a property management subsidiary, reported a revenue of 17.17 billion yuan, a year-on-year increase of 9.89%, with a net profit of 840 million yuan, focusing on non-residential sectors to build competitive advantages [11].

Group 1: Business Performance - The company achieved a container throughput of 19,515.9 million TEUs in 2024, representing a year-on-year growth of 8.3% [2] - Domestic port projects contributed 15,230.1 million TEUs, with a growth of 8.5%, while Hong Kong and Taiwan regions recorded 602.3 million TEUs, growing by 3.4% [2] - The bulk cargo business reached a throughput of 1.26 billion tons, with a slight increase of 0.6% [2] Group 2: Financial Performance - The company reported a revenue of 16.131 billion yuan, marking a 2.4% increase year-on-year [3] - Overseas revenue amounted to 5.51 billion yuan, up by 15.0%, accounting for 34.2% of total revenue, an increase of nearly 4 percentage points [3] - The net profit attributable to shareholders reached 4.516 billion yuan, a significant increase of 26.4%, setting a historical record [3] Group 3: Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 7.4 yuan per ten shares, reflecting a year-on-year increase of 27.6% [3] - Total cash dividends for 2024 are projected at 1.843 billion yuan, with share buybacks amounting to 51 million yuan, representing 41.92% of the net profit [3] - The dividend payout ratio has been increasing over the past four years, indicating a commitment to enhancing shareholder returns [3] Group 4: Overseas Business Development - The company operates 51 ports across 26 countries and regions, achieving an overseas container throughput of 3,683.5 million TEUs, up by 8.1% [4] - The overseas business now constitutes a significant revenue source, with a focus on expanding in key global hub ports and regions with high economic growth potential [5] - Future plans include enhancing operational efficiency and risk management for existing overseas projects, particularly in Sri Lanka [5] Group 5: Competitive Advantages of Shenzhen West Port Area - In 2024, the Shenzhen West Port Area achieved a throughput of 15.991 million TEUs, a growth of 17.7%, surpassing the overall performance of Shenzhen Port [6][7] - The port benefits from geographical advantages, dense shipping routes, and a combination port model that enhances service efficiency [7] - Future developments will focus on strengthening the port's competitive edge in the Guangdong-Hong Kong-Macao Greater Bay Area [7] Group 6: Digital Transformation and Innovation - The company is advancing towards a smart port model through the integration of new information technologies, enhancing operational and management capabilities [8] - Key initiatives include the development of core systems like CTOS and smart management platforms, aimed at improving production efficiency and customer service [8] - Plans for 2024 include promoting core digital products internationally, with contracts signed for the CTOS project in Italy [8]

证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-029 招商局港口集团股份有限公司 关于参加招商局集团有限公司上市公司集体业绩说明会的公告 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.会议召开时间：2025年4月23日（星期三）14:30-17:00 2.会议召开地点：深圳证券交易所上市大厅 3.网址直播地址： （1）"互动易"平台"云访谈"栏目（https://irm.cninfo.com.cn/） （2）全景路演（https://rs.p5w.net/html/145820.shtml） 4.会议召开方式：现场交流、视频直播、网络文字互动 5. 投 资 者 可 于 2025 年 4 月 22 日 （ 星 期 二 ） 17:30 前 通 过 本 公 司 邮 箱 cmpir@cmhk.com进行提问。本公司将在说明会上对投资者普遍关注的问题进行回 答。 招商局港口集团股份有限公司（以下简称"本公司"）之实际控制人招商局集 团有限公司（以下简称"招商局集团"）将举办"'创新驱动，创建一流'招商局 集团上市 ...

证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-028 招商局港口集团股份有限公司 关于 2025 年 3 月业务量数据的自愿性信息披露公告 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。 2025 年 4 月 15 日 | 业务指标 | 2025 年 3 月 | 同比变化 | 本年累计 | 同比变化 | | --- | --- | --- | --- | --- | | 集装箱总计（万 TEU） | 1,683.8 | 6.0% | 4,895.7 | 7.1% | | 内地码头 | 1,309.4 | 7.1% | 3,810.0 | 7.8% | | 其中：珠三角 | 140.0 | 7.7% | 431.7 | 15.7% | | 长三角 | 848.1 | 7.4% | 2,532.2 | 8.6% | | 环渤海 | 292.3 | 5.2% | 768.4 | 1.9% | | 东南地区 | 18.6 | 14.9% | 50.6 | 11.6% | | 西南地区 | 10.4 | 8.1% | 27.1 | - ...

Core Viewpoint - The article highlights a significant increase in stock repurchase and shareholder buyback activities among A-share listed companies in response to market volatility caused by U.S. tariffs, indicating strong confidence in the Chinese market and the financial strength of these companies [1][5][10]. Summary by Sections Stock Buybacks and Shareholder Actions - Since April, numerous A-share companies have announced stock buybacks and shareholder increases, reflecting a proactive approach to market conditions [3][4]. - In 2024, over 2,100 A-share companies executed stock buybacks totaling more than 160 billion yuan, marking a historical high with a year-on-year increase of 71.1% [5][10]. - As of April 9, 2025, 684 companies had already implemented stock buybacks exceeding 30 billion yuan [5]. Confidence from State-Owned Enterprises - Major state-owned enterprises like Sinopec, China Three Gorges, and Chalco have committed to increasing their stakes in listed companies, demonstrating confidence in the long-term prospects of the Chinese economy [4]. - The China Merchants Group announced collective buyback plans for seven listed companies, emphasizing their commitment to enhancing shareholder value and market confidence [4]. Leading Companies' Initiatives - Leading firms such as CATL, Midea Group, and Kweichow Moutai have initiated new rounds of stock buybacks, with CATL planning to use 4 to 8 billion yuan for share repurchases [4]. - Midea Group intends to repurchase shares worth 1.5 to 3 billion yuan, while Kweichow Moutai aims to complete a remaining buyback of approximately 4.05 billion yuan [4]. Market Implications - The increase in buybacks and shareholder actions is seen as a positive sign for the long-term health of the capital market, enhancing liquidity and improving investor sentiment [9][10]. - The establishment of a stock buyback loan policy by the central bank in October 2024 has encouraged companies to pursue buybacks, with 430 companies disclosing plans to apply for loans totaling over 90 billion yuan [9]. Strengthening Corporate Fundamentals - The rising trend in buybacks reflects the growing financial strength of Chinese companies, as evidenced by increased cash flow and improved overall capabilities [10]. - The innovation capacity of Chinese listed companies has significantly improved, with total R&D spending rising from 585.6 billion yuan in 2018 to 1.5593 trillion yuan in 2023, indicating a strong correlation with profitability and financial strength [11].

Core Viewpoint - The article highlights a significant increase in stock buybacks and shareholder repurchases among A-share listed companies in response to market volatility, indicating strong confidence in the Chinese market and the financial strength of these companies [2][6][7]. Group 1: Stock Buyback and Shareholder Repurchase Trends - Over 2,100 A-share listed companies implemented stock buybacks in 2024, with a total buyback amount exceeding 160 billion yuan, marking a historical high and a year-on-year increase of 71.1% [5]. - As of April 9, 2025, 684 companies had executed stock buybacks totaling over 30 billion yuan [5]. - Major state-owned enterprises, including Sinopec and China Three Gorges, announced plans for shareholder repurchases based on their confidence in the long-term prospects of the Chinese economy [4]. Group 2: Corporate Actions and Market Confidence - Companies like CATL, Midea Group, and Kweichow Moutai initiated new rounds of stock buybacks, with CATL planning to use 4 to 8 billion yuan for repurchasing shares [4]. - The collective actions of companies signal a commitment to enhancing shareholder value and maintaining market confidence [4][6]. - The increase in buybacks and repurchases is seen as a positive indicator for the long-term health of the capital market, improving investor sentiment and market liquidity [6][7]. Group 3: Economic and Competitive Landscape - The growing scale of buybacks reflects the robust financial health of Chinese companies, supported by a comprehensive industrial system and significant market advantages [7]. - China's large consumer market, with over 1.4 billion people and a per capita GDP exceeding 13,000 USD, presents vast demand potential, further bolstered by proactive macroeconomic policies [7]. - The innovation capabilities of Chinese listed companies have significantly improved, contributing to overall profitability and financial strength [8].

作 者丨 见习记者李益文 编 辑丨陈思颖 尹华禄 黎雨桐 4月8日下午，据央视新闻消息，国务院国资委8日表示， 将全力支持推动中央企业及其控股上市公司主动作为，不断加大增持回购力度，切实 维护全体股东权益，持续巩固市场对上市公司的信心，努力提升公司价值，充分彰显央企责任担当。 同时，加大对央企市值管理工作的指导， 引导中央企业持续为投资者打造负责任、有实绩、可持续、守规矩的价值投资优质标的，为促进资本市场健康稳定发展作出贡献。 此前，A股市场回购与增持热潮已持续升温。截至8日1 3时3 0分左右， 当日已有近3 0家公司宣布加入股票增持回购行列，涉及金额最高超3 0 0 亿元。 继宁德时代（3 0 0 7 5 0 .SZ）、中国核电（6 0 1 9 8 5 .SH）之后，贵州茅台( 6 0 0 5 1 9 .SH)、招商蛇口( 0 0 1 9 7 9 .SZ)、荣盛石化（0 0 2 4 9 3 .SZ）等一 众龙头企业也相继公布了新一轮回购及增持计划。据Wi n d数据不完全统计，从4月7日盘后到截至目前，总共有7 0余家公司发布了回购公告， 2 0余家公司发布了增持公告。与此同时，"国家队"也同步表态加码， ...

Core Viewpoint - China Merchants Port achieved record high performance in 2024, focusing on global hub ports and regions with high market potential for investment opportunities in ports, logistics, and related infrastructure [1][2] Financial Performance - In 2024, China Merchants Port reported revenue of 16.131 billion yuan, a year-on-year increase of 2.41% - The net profit attributable to shareholders reached 4.516 billion yuan, up 26.44% year-on-year, with a net profit of 4.047 billion yuan after deducting non-recurring gains, reflecting a 21.2% increase [1][2] - The company plans to distribute a cash dividend of 7.40 yuan per 10 shares, totaling approximately 1.843 billion yuan, and has repurchased shares worth 50.548 million yuan, bringing total cash returns to 1.893 billion yuan, which is 41.92% of the net profit [1] Business Segments - China Merchants Port operates three main business segments: port operations, bonded logistics, and property development and investment, with port operations being the core segment, generating 15.363 billion yuan in revenue, accounting for 95.24% of total revenue [2] - The company achieved a container throughput of 195.159 million TEU in 2024, an increase of 8.3% year-on-year, and a bulk cargo throughput of 1.26 billion tons, up 0.6% [2] Container Throughput - Container throughput at the Shenzhen Western Port reached 15.991 million TEU, a 17.7% increase, with foreign trade containers capturing over 50% market share [3] - Other ports under the company's control also saw growth, with Shantou Port, Zhanjiang Port, Shunde New Port, and Zhangzhou Terminal reporting increases in container throughput [3] Global Expansion - The company is focusing on overseas investments, with a strategy to enhance its global port network, covering 26 countries and regions across Asia, Africa, Europe, Oceania, South America, and North America [3][4] - Recent acquisitions include a 51% stake in the Indonesian NPH project and a share purchase agreement for the Brazilian VAST oil terminal project [5] Market Trends - The global port and shipping market is undergoing significant changes, with geopolitical tensions and trade frictions exposing vulnerabilities in supply chains [6] - The Baltic International Maritime Council projects a 4% to 5% growth in cargo volume for 2024, while global container fleet capacity is expected to grow by 10.2% [6] Future Outlook - The company anticipates a shift towards globalized port networks, integrated port services, digitalized operations, and green development [7] - Investments in automation and smart port technologies are being prioritized to enhance operational efficiency and competitiveness [7][8]