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。 证券代码：000582 证券简称：北部湾港 公告编号：2025035 债券代码：127039 债券简称：北港转债 北部湾港股份有限公司 关于可转换公司债券 2025 年付息公告 特别提示： 1."北港转债"将于 2025 年 6 月 30 日按面值支付第四年利 息，每 10 张"北港转债"面值 1,000 元，利息为人民币 15.00 元 （含税）。 2.债权登记日：2025 年 6 月 27 日（星期五）。 3.付息日：2025 年 6 月 30 日（星期一）。 4.除息日：2025 年 6 月 30 日（星期一）。 5."北港转债"票面利率：第一年 0.20%、第二年 0.50%、 第三年 1.00%、第四年 1.50%、第五年 1.80%、第六年 2.00%。 6."北港转债"本次付息的债权登记日为 2025 年 6 月 27 日， 凡在 2025 年 6 月 27 日（含）前买入并持有本期债券的投资者享 有本次派发的利息；2025 年 6 月 27 日卖出本期债券的投资者不 享有本次派发的利息。 7.下一 ...

Core Viewpoint - The Beibu Gulf Port in Guangxi is enhancing its capabilities as a key international gateway for China towards ASEAN, focusing on digitalization and smart port construction to improve operational efficiency and service quality [1][2]. Group 1: Smart Port Development - The Beibu Gulf Port is actively embracing digital transformation, aiming to build a modern, efficient, intelligent, green, and safe international hub port [1]. - The port has implemented a fully automated container terminal in Qinzhou, utilizing innovative U-shaped technology that increases operational density by 50% and reduces equipment movement distance by 35% [1][2]. - The integration of rail and sea transport has been optimized, creating a seamless logistics ecosystem that enhances the efficiency of multi-modal transport [1]. Group 2: Technological Innovations - Various technological advancements have been introduced, such as optimized magnetic nail layouts, dual small crane bridges, and a new intelligent charging robot with a 373 kWh lithium iron phosphate battery that can fully charge in just one hour [2]. - The overall operational efficiency of the port has improved by 30% due to the integrated operational model, while real-time rail-sea connections have increased container transfer efficiency by approximately 50% [2]. - The "Port-Shipping-Gate" information linkage project is expected to save significant labor hours annually, enhancing management efficiency and service levels [2]. Group 3: Performance Metrics - In the first quarter of this year, the Beibu Gulf Port achieved a container throughput of 2.1739 million TEUs, marking a year-on-year increase of 12.06% [2]. - The volume of rail-sea intermodal containers has surged from 21,700 TEUs in 2017 to 476,000 TEUs in 2024, representing a 21-fold increase [2]. - The port is on track to meet its 2025 goals of establishing first-class facilities, technologies, management, and services, continuously driving regional economic growth and international trade [3].

Core Viewpoint - The credit rating agency maintains the credit rating of Beibu Gulf Port Co., Ltd. at AAA with a stable outlook, indicating strong financial health and operational performance [1][3]. Company Overview - Beibu Gulf Port Co., Ltd. primarily engages in port operations in Guangxi, with a registered capital of 2.278 billion yuan and a controlling shareholder, Guangxi Beibu Gulf International Port Group, holding 56.50% [8]. - The company operates 89 coastal production berths with an annual throughput capacity of 392 million tons, including a container throughput capacity of 9.8 million TEUs [8]. Financial Performance - As of March 2025, the company's total assets were 36.261 billion yuan, with equity of 20.113 billion yuan and a debt-to-asset ratio of 44.53% [9]. - The company achieved total operating revenue of 7.003 billion yuan and a profit of 1.616 billion yuan in 2024, reflecting a growth in throughput and operational efficiency [9][10]. Market Position and Competitive Advantage - The company has solidified its position as a major hub for bulk cargo in the Beibu Gulf region, with a significant increase in cargo throughput in 2024 [5]. - The strategic location of Beibu Gulf Port enhances its role as an international gateway, benefiting from government support and the development of the Western Land-Sea New Corridor [19][20]. Industry Analysis - The port industry in China is expected to maintain low-speed growth due to macroeconomic conditions and trade dynamics, with policies aimed at boosting domestic demand and infrastructure investment [12][17]. - The integration of port resources has led to a more stable competitive landscape, with a focus on enhancing operational efficiency and reducing homogeneous competition [17][18]. Future Outlook - The stable rating outlook suggests continued growth in cargo throughput and revenue, supported by favorable regional economic conditions and government initiatives [6][19]. - The company is expected to face challenges from increased competition among domestic ports and complex international trade conditions, but its growth potential remains strong [5][19].

北部湾港股份有限公司 关于可转换公司债券跟踪评级结果的公告 证券代码：000582 证券简称：北部湾港 公告编号：2025034 债券代码：127039 债券简称：北港转债 根据中国证券监督管理委员会《公司债券发行与交易管理办 法（2023 年修订）》及《深圳证券交易所公司债券上市规则（2023 年修订）》的相关规定，北部湾港股份有限公司（以下简称公司） 委托信用评级机构东方金诚国际信用评估有限公司（以下简称东 方金诚）对公司及"北港转债"的信用状况进行了跟踪评级，经评 定，此次跟踪评级结果为：维持公司主体信用等级为 AAA，评 级展望为稳定，同时维持"北港转债"信用等级为 AAA。 东方金诚出具的《北部湾港股份有限公司主体及"北港转 债"2025 年度跟踪评级报告》（东方金诚债跟踪评字【2025】0165 号）同日刊登于巨潮资讯网。 特此公告 2025 年 6 月 21 日 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。 北部湾港股份有限公司董事会 ...

信用等级通知书 东方金诚债跟踪评字【2025】0165 号 北部湾港股份有限公司： 东方金诚国际信用评估有限公司根据跟踪评级安排对贵公司及"北 港转债"的信用状况进行了跟踪评级，经信用评级委员会评定，此 次跟踪评级维持贵公司主体信用等级为 AAA，评级展望为稳定，同 时维持"北港转债"信用等级为 AAA。 东方金诚国际信用评估有限公司 信评委主任 二〇二五年六月十九日 东方金诚债跟踪评字【2025】0165 号 信用评级报告声明 为正确理解和使用东方金诚国际信用评估有限公司（以下简称"东方金诚"）出具的信用 评级报告（以下简称"本报告"），本公司声明如下： 1.本次评级为委托评级，东方金诚与受评对象不存在任何影响本次评级行为独立、客观、公正 的关联关系，本次项目评级人员与评级对象之间亦不存在任何影响本次评级行为独立、客观、公正 的关联关系。 2.本次评级中，东方金诚及其评级人员遵照相关法律、法规及监管部门相关要求，充分履行了 勤勉尽责和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 3.本评级报告的结论，是按照东方金诚的评级流程及评级标准做出的独立判断，未受评级对象 和第三方组织或个人的干预和 ...

Group 1 - The closing price of Beibu Gulf Port is 8.66 yuan, down 1.37%, with a rolling PE ratio of 19.67 times and a total market value of 20.144 billion yuan [1] - The average PE ratio for the shipping and port industry is 14.02 times, with a median of 14.63 times, placing Beibu Gulf Port at the 25th position in the industry ranking [1] - As of March 31, 2025, the number of shareholders for Beibu Gulf Port is 37,861, a decrease of 3,810 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - Beibu Gulf Port Co., Ltd. specializes in container and bulk cargo handling, storage, port value-added services, and supporting port services [1] - The latest quarterly report for Q1 2025 shows that the company achieved an operating income of 1.643 billion yuan, a year-on-year increase of 6.73%, and a net profit of 196 million yuan, a year-on-year decrease of 49.87%, with a gross profit margin of 29.74% [1]

Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - Container throughput growth is steady, while bulk cargo throughput is gradually stabilizing [2] - Overall throughput performance is stable, maintaining a "Positive" rating for the shipping and port sector [7] Summary by Sections Overview: National Import and Export Total and Cargo Throughput Situation - In the first four months of 2025, the national import and export total reached 14.14 trillion yuan, a year-on-year increase of 2.4%. The import total was 5.75 trillion yuan, down 4.2%, while the export total was 8.39 trillion yuan, up 7.5% [4][14] - Coastal major ports' cargo throughput reached 3.702 billion tons, a year-on-year increase of 1.9% [4][31] Container: Shipping Rates and Container Throughput Situation - From January to April 2025, coastal major ports' container throughput reached 9.88 million TEUs, a year-on-year increase of 8.1% [4][41] - As of June 6, 2025, the China Container Freight Index (CCFI) was 1154.98 points, down 22.79% year-on-year, while the Shanghai Container Freight Index (SCFI) was 2240.35 points, down 26.42% year-on-year [35][36] Liquid Bulk: Oil Shipping Rates and Crude Oil Throughput Situation - As of June 6, 2025, the Baltic Dirty Tanker Index (BDTI) was 951 points, down 24.94% year-on-year [43] - From January to April 2025, crude oil imports reached 183 million tons, a year-on-year increase of 0.5% [51] Dry Bulk: Shipping Rates and Iron Ore, Coal Throughput Situation - As of June 6, 2025, the Baltic Dry Index (BDI) was 1633 points, down 13.18% year-on-year [59] - From January to April 2025, iron ore throughput at major ports reached 450 million tons, a year-on-year increase of 0.07% [65] Monthly Throughput Situation of Key Port Listed Companies - In April 2025, Shanghai Port's cargo throughput was 0.51 billion tons, with container throughput of 450.10 thousand TEUs, reflecting a year-on-year increase of 3.40% and 7.65% respectively [76]

Group 1 - The core viewpoint of the article highlights the performance and valuation of Beibu Gulf Port, noting its recent stock price increase and market capitalization [1] - As of June 10, Beibu Gulf Port's closing price was 8.86 yuan, up 2.19%, with a rolling PE ratio of 20.13, marking a new low in 11 days and a total market value of 20.61 billion yuan [1] - The average PE ratio for the shipping and port industry is 14.37, with a median of 15.54, placing Beibu Gulf Port at the 25th position in the industry ranking [2] Group 2 - On June 10, Beibu Gulf Port experienced a net outflow of main funds amounting to 14.28 million yuan, continuing a trend of outflows over the past five days, totaling 59.85 million yuan [1] - The company's main business includes container and bulk cargo handling, storage, port value-added services, and supporting port services [1] - The latest quarterly report for Q1 2025 shows that Beibu Gulf Port achieved an operating income of 1.643 billion yuan, a year-on-year increase of 6.73%, while net profit was 196 million yuan, reflecting a year-on-year decrease of 49.87%, with a sales gross margin of 29.74% [1]

Core Viewpoint - The port throughput data in China shows resilience despite fluctuations in US-China tariff policies, with significant growth in both cargo and container throughput in the first four months of the year [1][7][9]. Group 1: Port Performance - Major ports in China completed a total cargo throughput of 5.75 billion tons in the first four months, a year-on-year increase of 3.7%, with foreign trade cargo throughput growing by 2% [1][7]. - Container throughput reached 11.225 million TEUs, reflecting a year-on-year growth of 7.9% [1][7]. - The top ten ports by cargo throughput include Ningbo-Zhoushan, Tangshan, and Shanghai, while the top ten for container throughput are led by Shanghai, Ningbo-Zhoushan, and Shenzhen [7][8]. Group 2: Impact of Tariff Policies - The imposition of "reciprocal tariffs" by the US led to a rapid decline in cargo volume on US routes, prompting shipping companies to adjust their capacities [7][9]. - Despite the challenges, China's foreign trade maintained stable growth, with total trade value reaching 14.14 trillion yuan, a 2.4% increase year-on-year [7][9]. Group 3: Market Dynamics - The container throughput at Ningbo-Zhoushan port increased by 9.9% to 13.568 million TEUs, driven by strong performance in emerging markets such as Southeast Asia and South America [8][9]. - The demand for shipping to the US surged significantly in May, with average booking volumes increasing by 277% from early May [10][11]. - Shipping rates for North American routes have risen sharply, with the North America route index increasing by 69.7% and 89.2% for East and West routes, respectively [11]. Group 4: Future Outlook - The current tight capacity situation is expected to persist during the 90-day transition period following tariff adjustments, with inventory accumulation likely to continue [12][15]. - The potential for a trade agreement between the US and China could alleviate some tariff impacts, but complete tariff removal is unlikely [12][15]. - The upcoming peak season for foreign trade may arrive earlier this year due to preemptive inventory accumulation by buyers [12][15].

Group 1 - The closing price of Beibu Gulf Port is 8.69 yuan, with an increase of 1.05%, and a rolling PE ratio of 19.74 times, resulting in a total market value of 20.214 billion yuan [1] - The average PE ratio for the shipping and port industry is 13.84 times, with a median of 14.86 times, placing Beibu Gulf Port at the 25th position in the industry ranking [1] - As of March 31, 2025, the number of shareholders for Beibu Gulf Port is 37,861, a decrease of 3,810 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - Beibu Gulf Port Co., Ltd. specializes in container and bulk cargo handling, storage, port value-added services, and supporting port services, with main products including loading and unloading, towing, cargo surveying, and agency services [1] - In the latest quarterly report for Q1 2025, the company achieved an operating revenue of 1.643 billion yuan, a year-on-year increase of 6.73%, while net profit was 196 million yuan, reflecting a year-on-year decrease of 49.87%, with a gross profit margin of 29.74% [1]