Core Insights - The Western Land-Sea New Corridor has sent over 5 million TEUs (Twenty-foot Equivalent Units) since its launch in 2017, with 500.3 million TEUs sent as of November 29 this year, indicating strong growth in logistics services for trade along the corridor [1] - In 2023, the corridor has sent over 1.3 million TEUs, reaching 130.8 million TEUs, which represents a year-on-year increase of 55.3% [1] Summary by Category Export and Import Goods - The main export goods this year include chemical products, machinery parts, and new energy vehicles, while the primary import goods consist of bauxite, coal, and grain [1] - The corridor has achieved a balanced two-way shipment, with 657,000 TEUs sent from ports to inland areas and 651,000 TEUs sent from inland to ports, both showing significant year-on-year increases of 58.9% and 57.1% respectively [1] Operational Efficiency - The railway company at the hub of the Western Land-Sea New Corridor has optimized transportation organization to meet demand, setting a record for daily loading and unloading operations six times this year, with a peak of 1,405 cars per day [1] - There has been a notable increase in imports of goods such as pulp, spodumene, and rubber from countries like Thailand, Mozambique, and Indonesia, while exports from Chongqing and Guangxi, including generator sets and auto parts, have also seen significant growth [1]

来源：怀化铁路公安处 通讯员：刘亚平 杨谢君 11月28日下午，怀化国际陆港铁路专用线在怀化西站正式接轨，标志着这条重要的国际运输线又迈出了新的一步。 怀化国际陆港发展有限公司起初是租用怀化铁路场地建成海关监管区，运用铁路西货场集装箱专用线开行跨境铁路班列，在运输交织上存在诸多不便。陆港 专用线的接轨开通，将进一步增强这条国际运输线的快捷高效。 怀化国际陆港是湖南省怀化市建设的国家级物流枢纽，2022年纳入西部陆海新通道"13+2"省际协作机制，初步形成湘鄂赣三省东盟货物集结中心。 这个陆港通过铁海联运对接北部湾港、广州港及中老铁路等国际通道，覆盖全球69个国家，每年平均开行国际班列1000多列，货值近60亿元。 ...

Core Viewpoint - The Pinglu Canal is set to become a vital development axis connecting the north and south of Guangxi, facilitating new logistics channels and reshaping regional development patterns [1][3]. Group 1: Project Overview - The Pinglu Canal, approximately 135 kilometers long, is being constructed to the Class I inland waterway standard, accommodating vessels of 5,000 tons, with a total estimated investment of approximately 72.7 billion yuan [3]. - As of September 10, 2023, the project has completed an investment of 59.25 billion yuan, accounting for 81.5% of the total investment, with an expected completion date for navigation by the end of 2026 [3]. Group 2: Economic Impact - The canal will connect the mainstream of the Xijiang River with the Beibu Gulf, shortening the shipping distance for goods from the upper reaches of the Xijiang River to the sea by approximately 560 kilometers [3][4]. - This development is expected to significantly enhance the transportation capacity and efficiency of the new land-sea corridor in the west, reducing social transportation costs in the southwestern region [3][4]. Group 3: Strategic Development Framework - The "14th Five-Year Plan" for Guangxi proposes the construction of a "工" shaped economic belt, integrating the Pearl River-Xijiang economic belt, the Pinglu Canal economic belt, and the coastal economic belt [3][5]. - The Pinglu Canal is anticipated to attract industries such as raw material processing along the waterway, promoting industrial agglomeration and regional economic balance [4][5]. Group 4: Regional Development Dynamics - The Pinglu Canal is expected to transform the economic landscape of Guangxi, addressing the regional disparities characterized by "east strong, west weak, south heavy, and north light" [6]. - It will facilitate the rise of central regions, elevate Nanning from an "inland city" to a "coastal city," and enhance connectivity for cities like Guigang and Hengzhou [6]. Group 5: Strategic Value - The construction of the "工" shaped economic belt will create a physical connection for "dual circulation," efficiently organizing internal resources while integrating with global supply chains through the Qinzhou Port [7]. - It aims to enhance regional collaboration by breaking down administrative barriers and forming a complete chain from upstream resources to downstream exports [7].

Core Insights - The China-Europe Railway Express has established a new international transportation pattern across the Eurasian continent, enhancing trade cooperation along the route and ensuring the stability of international supply chains [2][4]. Group 1: Development of the China-Europe Railway Express - The first China-Europe Railway Express departed from Xi'an on November 28, 2013, marking the beginning of Xi'an as a central hub for the service [3]. - Xi'an International Port Station has transformed from a small station to a modern international logistics hub, with key metrics such as the number of trains, cargo volume, and container utilization rate ranking first in the country for seven consecutive years [3][4]. - The station now operates 18 international routes directly to cities like Hamburg and Rotterdam, and 26 domestic routes, creating a new logistics pattern of "inland aggregation and global distribution" [4]. Group 2: Efficiency Improvements - The transportation time from Xi'an to Duisburg, Germany, has been reduced by 30%, now taking about 10 days [6]. - Innovations in operational mechanisms have decreased the average cargo aggregation and distribution time from 8.5 days to 3.3 days, with the fastest time being just 24 hours [6]. - The China-Europe Railway Express has opened new export channels for agricultural products, with over 20,000 tons of kiwifruit exported to countries involved in the Belt and Road Initiative [6]. Group 3: Connectivity and Trade - The Lianyungang-Kazakhstan logistics base has become a crucial hub for cross-border transportation, facilitating the movement of over 400 types of goods [7][8]. - The introduction of the "one box to the end" model has improved the efficiency of transporting Kazakhstani wheat, reducing transit time from about 30 days to approximately 20 days [8]. - The China-Europe Railway Express has become a vital link for global supply chains, providing stability during disruptions in maritime transport [12]. Group 4: Economic Impact - The China-Europe Railway Express has attracted over 300 Fortune 500 companies to Chongqing, contributing to the development of new industrial and commercial centers [12]. - The service has played a significant role in ensuring the timely delivery of emergency supplies during natural disasters, showcasing its resilience and potential in land-based trade [12].

Core Insights - The cargo volume at Dongxing Port's Beilun River Second Bridge reached a record high in the first ten months of this year, with a total of 1.657 million tons, surpassing last year's total and marking a year-on-year increase of 34.1% [1][2] - The total value of goods handled was 130.09 billion yuan, with imports at 552,000 tons (up 45.5%) and exports at 1.105 million tons (up 29%) [1] Group 1: Import and Export Performance - The import of agricultural products at Dongxing Port increased significantly, reaching 196,000 tons, a growth of 34.7% [1] - Notably, the import of aquatic products surged by 68.2% to 53,000 tons, while fruit imports rose by 18.9% to 118,000 tons [1] - The main export products were electromechanical products, totaling 62.41 billion yuan, accounting for 71.4% of the total export value [2] Group 2: Specific Product Insights - Exports of electronic components saw a remarkable increase of 1.9 times, reaching 13.4 billion yuan, while flat panel display modules and automatic data processing equipment also experienced significant growth [2] - The export of complete vehicles from Dongxing Port reached 1,019 units, with a total value of 400 million yuan, marking an increase of 1.8 times [2] - The total import and export value along the Western Land-Sea New Corridor through Dongxing Port was 50.74 billion yuan, reflecting a growth of 17.4% [3]

证券代码：002320 证券简称：海峡股份 海南海峡航运股份有限公司 投资者关系活动记录表 编号：20251126 | 投资者关系活动类别 | 特定对象调研 分析师会议 ☐ | | --- | --- | | | 媒体采访 业绩说明会 ☐ ☐ | | | ☐ 新闻发布会 ☐ 路演活动 | | | ☐ 现场参观 | | | ☐ 其他 国信证券 曾光 | | | 创金合信基金 陈建军 | | 参与单位名称及人 | 宝盈基金 张若伦 | | | 国投证券 甘立宸 陈易凌 蒙玲 张晗 | | 员姓名 | 海南天雨基金 杨紫添 | | | 个人投资者 李业康、胡景、焦娇、李妍 | | 时间 | 2025年11月26日 10:30-11:30 | | 地点 | 海南省海口市滨海大道157号港航大厦14层 | | 上市公司接待人员姓 | 许楠楠 刘哲 | | 名 | 公司介绍：公司2002年由海南港航控股有限公司、深圳市盐田港股份 | | | 有限公司等5位股东发起设立，2009年公司在深圳证券交易所挂牌上市，为 | | 投资者关系活动主 | 公司快速发展奠定基础。2017年公司增发股份收购海南港航的轮渡码头资 | | ...

重庆："十五五"从六方面发力扩大高水平对外开放 同时，在国际交往合作上，重庆将高水平建设中西部国际交往中心，提质打造"一带一路"科技交流大 会、智博会、西洽会等重大对外交流合作平台，加速集聚领事机构、国际组织、国际友城等对外交往资 源。 此外，在内外开放联动上，重庆将迭代优化全域开放布局，提速成渝地区双城经济圈协同开放，加强与 长三角、粤港澳、京津冀地区联动共振；全力打造内外贸一体化标志性成果，深化跨区域产业合作，高 水平推进内外贸制度规则衔接，帮助企业在国际国内两个市场顺畅切换。(完) 来源：中国新闻网 编辑：万可义 广告等商务合作，请点击这里 中新网重庆11月25日电 (记者 钟旖)"十五五"时期，重庆如何进一步扩大高水平对外开放，加快打造内 陆开放综合枢纽？25日在重庆召开的中共重庆市委六届八次全会精神解读新闻发布会上，重庆市商务委 党组书记、主任章勇武介绍，当地将在六个方面实现新突破，形成带动西部、辐射全国、链接全球的内 陆开放新格局。 章勇武称，"十四五"以来，重庆在通道、平台、经贸、环境等方面不断形成新优势，为建设内陆开放综 合枢纽打下了坚实基础。"十五五"期间，重庆将直面挑战，紧抓机遇，增强内陆 ...

Core Viewpoint - The company, Beibu Gulf Port, is a key player in the logistics and shipping industry, focusing on container and bulk cargo handling, and is positioned to benefit from the Belt and Road Initiative and the development of the Western Land-Sea New Corridor [2][3]. Company Overview - Beibu Gulf Port is the only state-owned public terminal operator in the Guangxi Beibu Gulf region, playing a crucial role in China's southwestern coastal port group and serving as a significant gateway for international trade with ASEAN countries [3]. - The company was established on August 7, 1996, and listed on November 2, 1995, with its main business activities including port loading and unloading, tugboat services, logistics agency, and cargo surveying [8]. Business Performance - In 2023, the company achieved a cargo throughput of 31,039.78 million tons, a year-on-year increase of 10.81%, accounting for 70% of the total cargo throughput at Beibu Gulf Port [3]. - The container throughput reached 802.20 million TEUs, reflecting a 14.26% year-on-year growth, representing 100% of the port's total container throughput [3]. - The company reported a revenue of 5.535 billion yuan for the first nine months of 2025, marking a 12.92% increase year-on-year, while the net profit attributable to shareholders was 789 million yuan, a decrease of 13.89% [8]. Strategic Initiatives - The company is actively involved in capital operations centered around its core port business, aiming to enhance cooperation with clients and partners to expand its logistics services and improve the efficiency of the Western Land-Sea New Corridor [2][3]. - Beibu Gulf Port has developed specialized services for various imported and exported products, including fruits, alcohol, and meat, and has established multiple shipping routes for fruit imports from Thailand, Vietnam, and Cambodia [3]. Market Position - The company holds a significant market position in the Guangxi, Yunnan, Sichuan, Guizhou, and Chongqing regions, contributing to national strategic initiatives such as the Belt and Road Initiative and the construction of international trade corridors [3]. - As of September 30, 2025, the company had 59,400 shareholders, with a notable increase of 42.47% compared to the previous period [8].

11月22日清晨，55412次检测列车从泸州西站驶出，正式启动四川隆昌南至贵州黄桶铁路隆昌至叙 永段扩能改造工程(以下简称"隆泸叙铁路")动态检测，标志着该铁路全面进入动态验收阶段，力争2025 年内具备开通运营条件。 隆泸叙铁路全线共设11座车站，其中嘉明、双加、泸州西等7座为新建站，隆昌、福集、纳溪等4座 为既有站升级改造而成。项目2021年6月开工，2025年11月19日通过静态验收，此次动态验收将由中国 铁路成都局集团有限公司组织专业检测列车组，对轨道、接触网、信号等系统开展专项试验，对发现问 题建立台账限期整改，为开通运营奠定基础。 据悉，隆泸叙铁路建成后将与叙毕铁路、成渝铁路无缝衔接，推动成渝地区双城经济圈建设，助力 沿线经济社会发展。 据了解，作为西部陆海新通道西线主通道关键项目，隆泸叙铁路北接成渝铁路隆昌站，途经四川隆 昌市、泸州市，跨越沱江、长江，南连已建成的叙毕铁路叙永北站，全长138.6公里，设计时速120公 里，为国家Ⅰ级单线铁路，按"货运为主、兼顾客运"标准建设。 ...

Core Insights - Hainan Strait Shipping Co., Ltd. (hereinafter referred to as "Hainan Strait") conducted a specific investor survey on November 21, 2025, focusing on business layout, new route operations, capacity adjustments, and industry opportunities [1] Group 1: Company Overview - Hainan Strait, established in 2002 and listed in 2009, is a leading company in passenger and roll-on/roll-off (RoRo) transportation in the Qiongzhou Strait, with a fleet of 64 RoRo vessels as of the acquisition of COSCO Shipping Passenger [1] - The company has expanded its business through resource integration, including the acquisition of ferry terminal assets in 2017 and the completion of resource integration in the Qiongzhou Strait in 2021 [1] Group 2: New Route Operations - The new route from Haikou to Fangchenggang has been launched, covering a distance of 157 nautical miles with an estimated travel time of about 12 hours, utilizing the "Qiziwan" vessel [1] - This route aims to connect the "New Western Land-Sea Corridor" and "Hainan Free Trade Port" strategies, enhancing regional collaboration [1] Group 3: Capacity Optimization - The company is introducing flat-deck cargo ships for the transportation of new energy vehicles (NEVs) to address safety concerns related to battery fires, ensuring better ventilation and emergency response capabilities [1] - The revenue structure indicates that the Haikou to Haian route contributes over 72% of total revenue, with plans to optimize the route network to enhance non-core route contributions [1] Group 4: Market Opportunities - The upcoming full island closure operation in Hainan by the end of 2025 is expected to significantly increase passenger flow due to improved cargo access and investment liberalization policies [1] - The completion of Hainan's ring road will further boost self-driving tourism, benefiting the company's core passenger and RoRo transportation business [1] Group 5: Tourism Operations - The Sanya to Xisha tourism route, operated by the "Xianglong Island" vessel, offers a four-day, three-night experience, positioning the company as a leading operator in the regional tourism market [1]