证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-013 招商局港口集团股份有限公司 关于举行 2024 年度业绩说明会暨网上投资者交流会的公告 交流网址：http://rs.p5w.net/c/001872.shtml 投资者可于 2025 年 4 月 3 日 17:30 前将关心的问题发送至本公司投资者关系 邮箱：Cmpir@cmhk.com。本公司将在业绩说明会上对投资者普遍关注的问题进行回 答。 欢迎广大投资者积极参与！ 特此公告。 招商局港口集团股份有限公司 董事会 2025 年 3 月 28 日 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"本公司"）拟于 2025 年 4 月 3 日 在巨潮资讯网（http://www.cninfo.com.cn）披露《2024 年年度报告》及其摘要， 为了方便投资者了解本公司 2024 年度业绩的相关情况，本公司拟于 2025 年 4 月 7 日下午举行 2024 年度业绩说明会暨网上投资者交流会，届时本公司董事长冯波 鸣先生、副董事长兼首 ...

招商局港口2025年度第一期中期票据已于2025年3月24日完成发行，2025年3 月25日资金已全额到账，现将发行结果公告如下： 招商局港口控股有限 | 中期票据名称 2025 | 公司 | 年度第一期 | | 中期票据简称 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | MTN001 | | | | | | 中期票据 | | | | | | | | | | | 中期票据代码 102581356.IB | | | | 中期票据期限 | | 3年 | | | | | 2025 3 起息日期 年 月 | | 25 | 日 | 兑付日期 | 2028 | 3 年 | 月 | 25 | 日 | | 实际发行总额 20 亿元 | | | | 计划发行总额 | | 20 | 亿元 | | | | 发行利率 | | | | | | | | | | | 发行价格 元/百元面值 | 100 | | | | 1.98 | | | | | | （%） | | | | | | | | | | | | | | ...

证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-012 招商局港口集团股份有限公司 关于控股子公司 2025 年度第一期中期票据发行结果的公告 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。 招商局港口集团股份有限公司（以下简称"本公司"）于2024年5月31日召开 2023年度股东大会审议通过了《关于公司发行债券产品一般性授权事宜的议案》， 本公司股东大会同意本公司及并表范围内子公司注册和发行不超过人民币256亿 元债券产品，并给予董事会（或其转授权人士）注册和发行债券产品的一般性授权， 董事会进一步转授权本公司法定代表人及其授权人士具体执行，自股东大会审议 通过之日起24个月内有效，并在于前述有效期内注册的债券产品的注册及发行有 效期内持续有效。招商局港口控股有限公司（股票代码：00144.HK，以下简称"招 商局港口"）已于2025年2月21日在中国银行间市场交易商协会成功注册100亿元额 度，并取得《接受注册通知书》（中市协注[2025]DFI10号），中国银行间市场交 易商协会同意招商局港口在24个月内采取分期发行方 ...

Summary of the Conference Call for China Merchants Port Industry Overview - The conference call primarily discusses the port industry, focusing on China Merchants Port and its strategic positioning in the global market, particularly in light of recent events involving Hutchison Port Holdings' sale of port assets. Key Points and Arguments - **Impact of Hutchison Port Holdings Sale**: The sale of Hutchison Port Holdings' assets, involving 43 ports across 23 countries with a total transaction value of $22.8 billion (approximately 165.7 billion RMB), has led to a reevaluation of overseas port asset values, highlighting their strategic importance in global trade [3][4]. - **Global Presence**: China Merchants Port has a global footprint covering six continents, with significant control over key ports such as Colombo CICT and Hambantota HIPG, which are crucial nodes in the Belt and Road Initiative. Overseas revenue now accounts for 30.4% of total revenue, with a gross margin significantly higher than domestic operations [3][5]. - **Acquisition Strategy**: The company has been actively pursuing overseas acquisitions, including stakes in terminals operated by CMA CGM and recent acquisitions in Indonesia and Brazil, enhancing its global network and operational capabilities [3][6][7]. - **Brazilian Operations**: The acquisition of a 70% stake in the Varzea terminal in Brazil, which handles 30% of the country's crude oil exports, is expected to significantly boost profitability, with net income rising from $3.28 million in 2022 to $21.135 million in 2023 [7]. - **Future Growth Potential**: The primary growth drivers for China Merchants Port are its overseas port layout and revenue from mergers and acquisitions. The company reported a profit of 3.736 billion RMB in the first three quarters of 2024, a year-on-year increase of 18.63% [9]. - **Container Throughput Growth**: In February, the company achieved a container throughput of 14.29 million TEUs, reflecting a year-on-year growth of 6.6% [10]. - **Market Underestimation**: The market has generally underestimated the stability and growth potential of China Merchants Port, which has shown a compound annual growth rate (CAGR) of 54.9% in container throughput over the past decade [11]. - **Pricing Mechanism**: The port sector has achieved a degree of marketization, with potential for rate increases, indicating a positive outlook for future revenue growth [12]. - **Long-term Asset Attributes**: Port assets are characterized by long-term stability due to the absence of concession period limits, enhancing their appeal for investors seeking consistent returns [13]. - **Dividend and Cash Flow Trends**: The company has shown a strong commitment to increasing dividends, with free cash flow growing at a CAGR of over 20%, positioning it favorably within the industry [14]. - **Strategic Importance of Overseas Assets**: China Merchants Port is the only A-share company with significant control over overseas assets, providing a hedge against domestic market fluctuations and enhancing overall investment value [15]. - **Performance Forecast**: The company maintains a strong buy rating with projected profits of 4.19 billion RMB for 2024, with a target price of 25.7 RMB, indicating a potential upside of over 20% from current levels [16]. Other Important Insights - The strategic acquisitions and global expansion efforts are expected to continue, with a focus on enhancing operational efficiency and profitability in international markets [3][8]. - The company is well-positioned to leverage its unique market position and operational capabilities to capitalize on future growth opportunities in the port industry [15].

Group 1 - Shipping concept stocks continued to strengthen in the afternoon, with several stocks hitting the daily limit, including China Merchants Port, Xiamen Port Authority, COSCO Shipping Specialized, Zhuhai Port, and Shenghang Co. [1]

Investment Rating - The report maintains a "Recommended" rating for the transportation industry [1] Core Insights - The report highlights that U.S. sanctions against Iran are intensifying, and OPEC has reached a consensus to increase production, indicating upward potential for the oil tanker sector [2][7] - The express delivery business volume has shown significant year-on-year growth, with a reported increase of 21.5% in 2024 [3] Summary by Sections Weekly Focus - The U.S. government has announced additional sanctions against Iran, targeting several individuals, entities, and vessels involved in Iranian oil exports, including 10 VLCC supertankers, which constitutes about 20% of the global tanker fleet [7] - OPEC has agreed to gradually increase production starting April, aiming to release 2.2 million barrels per day [7] Industry Data Tracking (2025.03.09 – 03.15) Aviation Data - Domestic flight volume for the week was 84,029 flights, averaging 12,004 flights per day, a slight decrease of 0.10% week-on-week and 0.50% year-on-year [10] - Domestic passenger volume reached 11.43 million, a 0.05% increase week-on-week and a 2.12% increase year-on-year [11] - The average domestic ticket price decreased by 3.49% week-on-week and 6.31% year-on-year [11] Express Delivery Data - For the week of March 3-9, the average daily collection volume was approximately 555 million pieces, a 3.99% increase from the previous week [17] - Year-to-date, the average daily collection volume is about 495 million pieces, reflecting a 36.00% increase year-on-year [17] - In 2024, the express delivery business volume increased by 21.5% year-on-year, with revenue up by 13.8% [3] Shipping Data - The BDI index for dry bulk shipping was reported at 1,517 points, a 20% increase week-on-week [48] - The VLCC-TCE rate was $38,329 per day, a 3% decrease week-on-week [49] Recent Key Reports - The report recommends focusing on companies such as COSCO Shipping Energy, Shandong Highway, and China Eastern Airlines, among others, as part of the investment strategy [4]

【业绩】 亚钾国际：第一大股东将变更为汇能集团。 人民财讯3月14日电，【热点】 【增减持】 【回购】 兆丰股份：目前兆丰智能装备公司尚未开展经营业务。 深水海纳：与水环境相关的海洋工程智能装备等业务在公司主营业务收入中占比极低。 宁德时代：2024年净利润同比增长15.01%，拟10派45.53元。 东方财富：2024年净利润96.1亿元，同比增长17.29%。 平安银行：2024年净利润445.08亿元同比下降4.2%。 陕西煤业：2024年净利润221.96亿元，同比下降3.97%。 方正证券业绩快报：2024年净利润22.07亿元，同比增长2.55%。 天茂集团：国华人寿保险前2月保费收入约为80.35亿元。 中国国航：2月旅客周转量同比下降3%。 中国中冶：1—2月新签合同额同比下降27.5%。 常铝股份业绩快报：2024年净利润7077.08万元，同比增368.46%。 招商港口：2月集装箱总计1429万TEU，同比增长6.6%。 中国神华：2月煤炭销售量同比下降11.4%。 尚太科技：2024年净利润同比增长15.97%，拟10派8元。 德赛西威：2024年净利润同比增长29.62%，拟10派1 ...

证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-011 招商局港口集团股份有限公司 关于 2025 年 2 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。 | 业务指标 | 2025 年 2 月 | 同比变化 | 本年累计 | 同比变化 | | --- | --- | --- | --- | --- | | 集装箱总计（万 TEU） | 1,429.0 | 6.6% | 3,197.9 | 7.1% | | 内地码头 | 1,096.9 | 8.9% | 2,500.7 | 8.2% | | 其中：珠三角 | 135.3 | 36.6% | 291.7 | 20.0% | | 长三角 | 725.1 | 6.5% | 1,684.1 | 9.1% | | 环渤海 | 215.7 | 4.4% | 476.2 | 0.0% | | 东南地区 | 13.5 | 9.4% | 32.0 | 9.7% | | 西南地区 | 7.3 | -10.9% | 16.7 | -10.6% | | 港澳台码头 ...

证券代码：001872/201872 证券简称：招商港口/招港 B 公告编号：2025-010 招商局港口集团股份有限公司 关于控股子公司对外投资成立合资公司 及出售资产暨关联交易的进展公告 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。 一、关联交易概述 2024年12月20日，招商局港口集团股份有限公司（下称"本公司"）第十一 届董事会2024年度第九次临时会议审议通过了《关于控股子公司对外投资成立合 资公司及出售资产暨关联交易的议案》，同意本公司之控股子公司湛江港（集团） 股份有限公司（下称"湛江港集团"）与关联方中外运化工国际物流有限公司 （下称"外运化工"）、中国外运华南有限公司（下称"外运华南"）合资设立 "湛江中外运化工国际物流有限公司"（下称"外运化工湛江公司"或"合资公 司"），共同投资建设招商局湛江化工品物流枢纽项目；外运化工湛江公司成立 后，湛江港集团拟将位于湛江市霞山区临港工业园锦绣大道南侧、宝江路西侧、 海港路以北79,869.16平方米国有土地使用权（对应土地使用权产权证号为粤 （2021）湛江市不动产权第0001628号，下称"标的资产 ...

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Insights - The report highlights that the recent decline in oil prices is expected to elevate the profit margins for the aviation sector, with Brent oil prices dropping below $70 per barrel and WTI prices below $67 per barrel [8] - The report suggests that if oil prices remain low, it could lead to cost savings of approximately 4-5 billion yuan for major airlines, equivalent to a ticket price reduction of about 3%-4% [8] - The report emphasizes the importance of monitoring supply-demand dynamics and macroeconomic conditions to ensure that the benefits of lower oil prices translate into profits for the airlines [13] Summary by Sections Weekly Focus - The focus of the week is on the accelerated decline in oil prices, which is expected to enhance the profit margins for the aviation industry [6] Industry Data Tracking (2025.03.02 - 03.08) Aviation High-Frequency Data Tracking - Domestic flight volume for the period was 81,367 flights, with a daily average of 11,624 flights, down 10.07% week-on-week and 7.47% year-on-year [10] - Domestic passenger volume reached 11.0615 million, down 12.05% week-on-week and 4.17% year-on-year [11] - The average full ticket price decreased by 4.76% week-on-week and 3.39% year-on-year [11] - The domestic passenger load factor was 83.18%, an increase of 3.73 percentage points year-on-year [12] - International passenger volume reached 1.315 million, down 5.27% week-on-week but up 26.01% year-on-year [14] Express Delivery High-Frequency Data Tracking - For the week of February 24 to March 2, the average daily express delivery volume was approximately 534 million pieces, with a delivery volume of about 541 million pieces, showing a slight decrease of 0.56% and an increase of 0.05% respectively compared to the previous week [19] - Year-to-date (January 1 to March 2), the average daily express delivery volume was approximately 488 million pieces, up 37.41% year-on-year [20] Shipping High-Frequency Data Tracking - The BDI index for the international dry bulk market was 1,263 points, up 17% week-on-week [51] - The CCFI index for the international container shipping market decreased by 3% week-on-week, while the SCFI index fell by 5% [51] - The VLCC-TCE rate for oil shipping was $39,359 per day, down 1% week-on-week [52] Recent Key Reports - The report includes a recommended investment portfolio consisting of companies such as COSCO Shipping Energy, Shandong Hi-Speed, and China Eastern Airlines, among others [5]