股市必读：招商南油（601975）4月30日董秘有最新回复

Core Viewpoint - The company is facing challenges in market recognition despite receiving awards for its ESG efforts, and it emphasizes long-term value over short-term stock price fluctuations [2][3]. Group 1: Stock Performance - As of April 30, 2025, the stock price of China Merchants Jinling (601975) closed at 2.67 yuan, down 0.37%, with a turnover rate of 1.09% and a trading volume of 521,800 shares, amounting to a total transaction value of 140 million yuan [1]. - The company has experienced a significant decline in stock price since its peak in 2022, attributed to various factors including macroeconomic conditions and market environment [16][18]. Group 2: Shareholder Communication - The company has been actively engaging with investors, addressing concerns about stock undervaluation and the lack of dividends, while highlighting its commitment to improving governance and transparency [3][6][12]. - The company’s major shareholder, China Changjiang Shipping Group, has increased its stake by acquiring 82,591,922 shares, representing 1.72% of the total share capital, with a total investment of approximately 258.78 million yuan [4][9]. Group 3: Dividend Policy - The company has not distributed dividends for several years due to historical losses, with the retained earnings of the parent company still negative at -1.57 billion yuan, although consolidated retained earnings have turned positive at 1.83 billion yuan as of the end of 2024 [12][17]. - The company has opted for share buybacks instead of cash dividends, having repurchased 222 million shares for a total of 550 million yuan in recent years [12]. Group 4: Business Operations - The company primarily operates in the transportation of crude oil, refined oil, chemicals, and gases, utilizing various leasing and operational strategies across domestic and international routes [10]. - The company is focused on enhancing its operational capabilities and risk management to drive long-term growth and shareholder value [6][11].