Core Viewpoint - China COSCO Shipping Holdings Co., Ltd. has been actively repurchasing its shares, indicating a strong commitment to enhancing shareholder value and confidence in its business outlook [2][3]. Share Buyback Summary - On November 7, the company repurchased 1.408 million shares at a price range of HKD 13.800 to HKD 14.230, totaling HKD 19.8589 million. The stock closed at HKD 14.200, up 2.68% on that day, with a total trading volume of HKD 806 million [2]. - Since October 31, the company has conducted share buybacks for six consecutive days, acquiring a total of 13.188 million shares for a cumulative amount of HKD 18.1 million, during which the stock price increased by 6.13% [2]. - Year-to-date, the company has completed 94 buyback transactions, acquiring a total of 359 million shares for a total expenditure of HKD 4.678 billion [3]. Detailed Buyback Data - The buyback details for November 7 include: - Shares repurchased: 140.80 thousand - Highest price: HKD 14.230 - Lowest price: HKD 13.800 - Total amount spent: HKD 1.98589 million [3]. - The buyback activity from October 31 to November 6 shows a consistent increase in share repurchase, with the highest amount spent on November 4 at HKD 61.705 million for 450 thousand shares [3][4].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中遠海運控股股份有限公司 呈交日期： 2025年11月7日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01919 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 佔有關事件前的現有已發 | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不 ...

Group 1 - The company, COSCO Shipping Holdings (stock code: 01919), announced a share buyback plan on November 7, 2025, involving an expenditure of HKD 19.8589 million to repurchase 1.408 million shares [1] - The repurchase price per share is set between HKD 13.8 and HKD 14.23 [1]

Core Viewpoint - China COSCO Shipping Holdings Co., Ltd. (中远海控) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company plans to repurchase 1.408 million shares at a total cost of HKD 19.859 million [1] - The buyback price range is set between HKD 13.8 and HKD 14.23 per share [1]

Core Viewpoint - China COSCO Shipping Holdings (中远海控) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company will repurchase 1.408 million shares at a total cost of HKD 19.8589 million [1] - The buyback price per share ranges from HKD 13.8 to HKD 14.23 [1]

FF305 呈交日期： 2025年11月7日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01919 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 佔有關事件前的現有已發 | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | | | 於下列日期開始時的結存(註1) | 2025年11月6日 | ...

Core Viewpoint - UBS indicates that the recent unexpected announcement by China and the U.S. to suspend mutual port service fees for one year is expected to lead to a complete cancellation of these fees, providing a slight positive impact on COSCO Shipping Holdings [1] Group 1: Financial Performance - UBS has raised its earnings per share (EPS) forecasts for COSCO Shipping Holdings for the years 2025 to 2027 by 5% to 66% due to better-than-expected freight volumes and rates in the first three quarters of this year [1] - The improvement in U.S. tariff policies is expected to support freight volumes for the fourth quarter of this year and next year [1] Group 2: Cost and Valuation - The suspension of port service fees by the U.S. is anticipated to reduce operating costs for COSCO Shipping Holdings [1] - UBS has upgraded the rating for COSCO Shipping Holdings A-shares to "Neutral" and increased the target price from 11.2 yuan to 15.4 yuan [1] Group 3: Market Conditions - The reopening of the Red Sea may pose a downside risk to freight rates; however, the company's strong cash position, which is equivalent to 70% of its market value, and a stable dividend payout ratio are expected to support its stock price [1]

Core Insights - China COSCO Shipping Holdings Co., Ltd. has been actively repurchasing its shares, with a total of 1.178 million shares bought back on November 6 at prices ranging from HKD 13.570 to HKD 13.840, amounting to HKD 20.9869 million [2] - The stock price increased by 1.77% on the same day, closing at HKD 13.830, with a total trading volume of HKD 364 million [2] - Since October 31, the company has conducted share repurchases for five consecutive days, totaling 11.78 million shares and HKD 161 million in total repurchase amount, with a cumulative stock price increase of 3.36% during this period [2] Repurchase Details - The company has executed a total of 93 share repurchase transactions this year, amounting to 358 million shares and a total expenditure of HKD 4.658 billion [2] - Detailed repurchase data includes: - November 6: 153,000 shares at a maximum price of HKD 13.840 and a minimum price of HKD 13.570, totaling HKD 20.9869 million [2] - November 5: 125,000 shares at a maximum price of HKD 13.590 and a minimum price of HKD 13.320, totaling HKD 16.7922 million [3] - November 4: 450,000 shares at a maximum price of HKD 13.960 and a minimum price of HKD 13.600, totaling HKD 61.7050 million [3]

Investment Rating - The investment rating for the company is Neutral [4][16]. Core Views - The company's Q3 performance exceeded expectations, but there was a year-on-year decline in revenue and net profit. For the first three quarters of 2025, the company reported revenue of 167.6 billion RMB, a decrease of 4.1% year-on-year, and a net profit of 27.07 billion RMB, down 29.0% year-on-year. In Q3 alone, revenue was 58.5 billion RMB, down 20.4% year-on-year, and net profit was 9.53 billion RMB, down 55.1% year-on-year [1][7]. - The company's container shipping volume showed positive growth year-on-year, with a total of 6.9 million TEUs shipped in Q3, an increase of 4.9%. However, the supply-demand imbalance led to a significant decline in shipping rates, with the average CCFI down 39.5% year-on-year [1][10]. - The port business demonstrated steady growth, achieving a throughput of 113.28 million TEUs in the first three quarters of 2025, up 5.6% year-on-year. The throughput from controlled terminals was 25.04 million TEUs, an increase of 2.0% [2][10]. - The company is focused on shareholder returns, having distributed a mid-term dividend of 0.56 RMB per share, representing 50% of its net profit for the first half of the year. Additionally, a new share buyback plan has been announced, aiming to repurchase between 50 million to 100 million shares at a price not exceeding 14.98 RMB per share, with an expected total amount of 749 million to 1.498 billion RMB [2][12]. Financial Forecasts - The company forecasts revenue for 2025 to be 218.66 billion RMB, a decrease of 6.5% year-on-year, with net profit expected to be 31.08 billion RMB, down 36.7% year-on-year. The earnings per share (EPS) is projected to be 2.01 RMB [3][14]. - The EBIT margin is expected to be 15.6% in 2025, with a return on equity (ROE) of 12.4% [3][14]. - The company anticipates a gradual recovery in net profit for 2026 and 2027, with estimates of 23.29 billion RMB and 22.07 billion RMB respectively [13].

公司名稱： 中遠海運控股股份有限公司 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 呈交日期： 2025年11月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01919 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存 ...