Core Viewpoint - The company has announced the early redemption of its convertible bonds, "Beigang Convertible Bonds," due to the current market conditions and the company's situation, with specific dates and procedures outlined for investors [3][4]. Group 1: Redemption Details - The last trading day for "Beigang Convertible Bonds" is February 9, 2026, after which trading will cease [2]. - The last conversion day for the bonds is February 12, 2026, and any bonds not converted by this date will be forcibly redeemed [2][3]. - The redemption price is set at 101.13 yuan per bond, which includes interest and tax [16]. Group 2: Issuance and Trading Information - The company issued 30 million convertible bonds on June 29, 2021, with a total value of 3 billion yuan and a six-year term [5]. - The bonds were listed for trading on July 23, 2021, under the name "Beigang Convertible Bonds" with the code "127039" [6]. Group 3: Conversion Terms - The conversion period for the bonds started on January 5, 2022, and will end on June 28, 2027 [7]. - The initial conversion price was set at 8.35 yuan per share, which has been adjusted multiple times due to profit distribution [8][9][10]. Group 4: Conditional Redemption Clauses - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period or if the remaining balance of unconverted bonds is less than 30 million yuan [13][15].

Summary of Key Points Core Viewpoint - The announcement from Beibu Gulf Port highlights the imminent cessation of trading for "Beigang Convertible Bonds" and urges investors to take necessary actions before the deadlines to avoid forced redemption [1] Group 1: Trading and Redemption Details - As of February 4, 2026, there are only 3 trading days left until "Beigang Convertible Bonds" stop trading and 6 days until they stop conversion and are redeemed [1] - Investors are reminded that any "Beigang Convertible Bonds" not converted by the close of trading on February 12, 2026, will be forcibly redeemed at a price of 101.13 yuan per bond [1] Group 2: Investor Recommendations - Holders of "Beigang Convertible Bonds" that are pledged or frozen are advised to resolve these issues before the trading halt to avoid forced redemption due to inability to convert [1] - The current market price of the bonds differs significantly from the redemption price, indicating potential losses for investors who do not convert in time [1]

证券代码：000582 证券简称：北部湾港 公告编号：2026022 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 关于提前赎回"北港转债"暨即将停止交易的 重要提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1．最后交易日：2026 年 2 月 9 日 2026 年 2 月 9 日是"北港转债"最后一个交易日，当日 "北港转债"简称为"Z 港转债" ；2026 年 2 月 9 日收市后 "北港转债"将停止交易； 2．最后转股日：2026 年 2 月 12 日 相关风险，谨慎交易"北港转债" ； 4．风险提示： 根据安排，截至 2026 年 2 月 12 日收市后仍未转股的"北 港转债"将被强制赎回，特提醒"北港转债"持券人注意在限 期内转股。本次赎回完成后，"北港转债"将在深圳证券交易 所摘牌。"北港转债"持有人持有的"北港转债"存在被质押 或被冻结的，建议在停止交易日前解除质押或冻结，以免出现 因无法转股而被强制赎回的情形； 根据赎回安排，截至 2026 年 2 月 12 日收市后尚未实施转 股的"北港转债"将按 ...

北部湾港今年以来股价涨5.86%，近5个交易日涨0.00%，近20日涨2.16%，近60日涨10.46%。 来源：新浪证券-红岸工作室 2月4日，北部湾港盘中上涨2.06%，截至10:18，报9.93元/股，成交1.74亿元，换手率0.86%，总市值 239.41亿元。 资金流向方面，主力资金净流入486.12万元，特大单买入1801.91万元，占比10.35%，卖出537.97万元， 占比3.09%；大单买入2945.19万元，占比16.91%，卖出3723.01万元，占比21.38%。 分红方面，北部湾港A股上市后累计派现30.34亿元。近三年，累计派现13.96亿元。 机构持仓方面，截止2025年9月30日，北部湾港十大流通股东中，南方中证500ETF（510500）位居第七 大流通股东，持股1349.35万股，相比上期减少29.64万股。香港中央结算有限公司位居第八大流通股 东，持股1217.43万股，相比上期增加300.90万股。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问 ...

Core Viewpoint - The company has decided to exercise its right to redeem the "Beigang Convertible Bonds" early due to market conditions and internal considerations, with specific redemption dates and procedures outlined for bondholders [2][12]. Group 1: Redemption Details - The redemption conditions for the "Beigang Convertible Bonds" are set to be met on January 22, 2026, with the redemption price established at 101.13 yuan per bond, including interest and tax [1][13]. - The redemption registration date is February 12, 2026, and the actual redemption date is February 13, 2026 [1][16]. - The bonds will cease trading on February 10, 2026, and the conversion of bonds to shares will stop on February 13, 2026 [1][16]. Group 2: Bond Issuance and Trading - The company issued 30 million convertible bonds on June 29, 2021, with a total value of 3 billion yuan and a maturity period of six years [3]. - The bonds were listed on the Shenzhen Stock Exchange on July 23, 2021, under the name "Beigang Convertible Bonds" [4]. Group 3: Conversion Price Adjustments - The initial conversion price was set at 8.35 yuan per share, which has been adjusted multiple times due to profit distribution, with the latest adjustment bringing it to 7.31 yuan per share as of October 22, 2025 [5][6][9]. Group 4: Conditions for Redemption - The company can redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days or if the remaining balance of the bonds is less than 30 million yuan [10][12].

Group 1: Infrastructure Investment - Major projects have been signed and construction has accelerated, focusing on infrastructure and high-end manufacturing, with traditional infrastructure steadily advancing while emerging industries become investment focal points [1] - China Railway announced winning bids for 8 railway projects, 3 highway projects, and 1 municipal project, with a total bid amount of approximately 43.292 billion yuan [2] - The National Development and Reform Commission has issued a list of early construction projects for 2026, totaling about 295 billion yuan, indicating strong policy support for infrastructure development [2] Group 2: Emerging Industries Investment - Emerging industries and future industries have seen a significant increase in project investment this year, driven by policy guidance and market demand [3] - In the integrated circuit sector, Shanghai Electric announced a project for high-density optical integrated circuit boards, expected to add an annual production capacity of 1.3 million pieces [3] - In the new materials sector, Baihehua plans to invest up to 100 million yuan in a project for 1,000 tons of PEEK materials, while Huafeng Chemical aims to invest 3.6 billion yuan in expanding production of low-carbon, intelligent spandex materials [3] Group 3: Investment Growth Outlook - Investment growth is expected to rebound as local governments focus on key areas and weak links to expand effective investment [4] - The 2026 early construction project list includes approximately 220 billion yuan for "two heavy" construction projects, a significant increase from 100 billion yuan in 2025 [4] - Manufacturing investment is projected to achieve a 4% overall growth in 2026, supported by new policy financial tools and a focus on high-tech industries [4][5]

Group 1: Infrastructure Investment - Major projects are being signed and accelerated in infrastructure and high-end manufacturing, with traditional infrastructure steadily advancing and emerging industries becoming investment focal points [1] - China Railway announced winning bids for 8 railway projects, 3 highway projects, and 1 municipal project, with a total bid amount of approximately 43.292 billion yuan [1] - The National Development and Reform Commission has organized the early batch of "two heavy" construction project lists and central budget investment plans for 2026, totaling approximately 295 billion yuan [1] Group 2: Emerging Industries Investment - Emerging industries are becoming the focus of project investments, with a significant increase in the proportion of emerging industry projects among major projects launched this year [2] - In the integrated circuit sector, Huadian Co. announced a project for high-density optical integrated circuit boards, expected to add an annual production capacity of 1.3 million pieces [2] - In the new materials sector, Baihehua plans to invest up to 100 million yuan in a project for an annual production of 1,000 tons of polyether ether ketone (PEEK) materials [2] Group 3: Investment Growth Outlook - Investment growth is expected to rebound as various regions focus on key areas and weak links to expand effective investment [3] - The support for infrastructure investment has significantly increased, with the early batch of "two heavy" construction projects for 2026 arranged at approximately 220 billion yuan, a notable increase from 100 billion yuan in 2025 [3] - Manufacturing investment is projected to achieve an overall growth of 4% in 2026, driven by policy support, technological innovation, and domestic and international demand [4]

Industry Dynamics Tracking - The overall container shipping rates have decreased, with the SCFI composite index dropping by 9.7% to 1317 points. Specific routes such as Shanghai-Europe and Shanghai-Mediterranean saw declines of 11.1% and 12.0% respectively [3][4] - The refined oil tanker rates have increased, with the BCTI index rising by 4.6% to 890 points. The MR rates in the Pacific and Atlantic regions showed mixed results, with a notable increase of 12.7% in the Atlantic [8] - The logistics sector is witnessing a resilient demand, with the e-commerce express delivery industry expected to benefit from a recovery in the economy and a reduction in costs, leading to improved profitability for companies like SF Express and JD Logistics [12] Air Transport - The civil aviation sector is showing signs of recovery, with major airlines like China Southern and Hainan Airlines expected to turn profitable in 2025, while Eastern and Air China are projected to reduce their losses significantly [3] - The State Council has issued a plan to accelerate the cultivation of new growth points in service consumption, focusing on transportation services among others, which is expected to support the aviation sector [3] Shipping and Port Operations - The dry bulk shipping market is experiencing a "strong off-season" due to a combination of high demand in the Atlantic region and tight capacity, with the BDI index rising by 12.0% to 1949 points [8] - The geopolitical situation in the Middle East is tense, with the U.S. increasing military presence and Iran conducting live-fire exercises, which could impact oil shipping routes [6] - China's port cargo throughput has decreased, with a reported decline of 1.70% in total cargo and a 4.35% drop in container throughput [9] Road and Rail Transport - National logistics operations are running smoothly, with rail freight volumes reported at 7441.9 million tons, a decrease of 3.35% [10] - Shenzhen International reported a 3.3% increase in toll revenue for December 2025, indicating stable revenue growth in the road transport sector [11] Investment Opportunities - In the express delivery sector, companies like YTO Express and ZTO Express are expected to benefit from market share growth and operational improvements, while SF Express is noted for its cost control and shareholder returns [12] - The oil transportation market is anticipated to improve due to OPEC+ production increases and potential interest rate cuts, suggesting a favorable outlook for companies like China Merchants Energy and COSCO Shipping Energy [13] - The dry bulk shipping market is expected to continue its recovery, driven by environmental regulations and increased demand for commodities, with companies like China Merchants Energy and Haitong Development highlighted as potential beneficiaries [13]

证券代码：000582 证券简称：北部湾港 公告编号：2026021 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 关于提前赎回"北港转债"的第八次提示性 公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1．可转债赎回条件满足日：2026 年 1 月 22 日； 2．可转债赎回登记日：2026 年 2 月 12 日； 3．可转债赎回日：2026 年 2 月 13 日； 4．可转债赎回价格：101.13 元/张（含息、含税）； 5．可转债赎回资金到账日（到达中国结算深圳分公司账 户）：2026 年 2 月 26 日； 6．投资者赎回款到账日：2026 年 3 月 2 日； 7．可转债停止交易日：2026 年 2 月 10 日； 8．可转债停止转股日：2026 年 2 月 13 日； 9．可转债赎回类别：全部赎回； 10．最后一个交易日可转债简称：Z 港转债； - 1 - 11．根据安排，截至 2026 年 2 月 12 日收市后仍未转股的 "北港转债"将被强制赎回，特提醒"北港转债"持券人注意 在限期内转股。本次赎回完成后， ...

Core Viewpoint - The article highlights the significant role of Beibu Gulf Port in the context of China's Belt and Road Initiative and its strategic importance as a logistics hub in the western region, particularly in relation to the Hainan Free Trade Port policy and the development of the new western land-sea trade corridor [2][3]. Company Overview - Beibu Gulf Port is the only public terminal operator in the Guangxi Beibu Gulf region and serves as a key port in the southwestern coastal port group planned by China [3]. - The company primarily engages in the loading, storage, and port services for containers and bulk cargo, with a revenue composition of 94.59% from loading and storage, 3.55% from tugboat services, and smaller percentages from other services [8]. Operational Performance - In 2023, the company achieved a cargo throughput of 31,039.78 million tons, representing a year-on-year increase of 10.81%, and accounted for 70% of the total cargo throughput at Beibu Gulf Port [3]. - The container throughput reached 802.20 million TEUs, marking a 14.26% year-on-year growth, which indicates the company's dominant position in the port's operations [3]. Strategic Initiatives - The company is focused on enhancing cooperation between Yangpu Port and Beibu Gulf Port, leveraging the Hainan Free Trade Port policy to promote mutual benefits [2]. - The company aims to expand its logistics services, including cold chain logistics, and has established multiple fruit shipping routes from Thailand, Vietnam, and Cambodia [3]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 5.535 billion yuan, reflecting a year-on-year growth of 12.92%, while the net profit attributable to shareholders was 789 million yuan, a decrease of 13.89% [8]. - The company has distributed a total of 3.034 billion yuan in dividends since its A-share listing, with 1.396 billion yuan distributed over the past three years [8].