8月25日-8月26日，"2025年干散货航运市场研讨论坛暨海通发展（603162）登轮活动"在宁波和舟山成 功举办。本次活动由海通发展主办，国内众多头部机构投资者、券商分析师出席，通过国内外干散货航 运领域专家的分享及公司高管深度交流，参会嘉宾对干散货航运市场有了更深的了解，同时对行业发展 前景有了更强的投资信息。 海通发展自成立以来始终聚焦于干散货运输业务，现已成为国内干散货航运领域领先企业之一。国际远 洋运输方面，公司紧跟国家"一带一路"倡议，树立全球视野，灵活执行摆位航次，实现在全球范围内的 高效调度经营，在充分控制风险的同时精选市场高溢价航线实现业务增益。2025年上半年公司外贸自营 超灵便型船日均TCE为12,258美元，高于市场水平约33%。境内沿海运输方面，在"货-船-港-油"四位一 体战略驱动下，公司持续扩大市场占有率，货端构建"煤炭+非煤"双轮驱动格局，现已成为环渤海湾到 长江口岸的进江航线中煤炭运输货运量最大的民营航运企业之一，铁矿石、钢材等非煤货种占比继续提 升。 8月25日论坛现场，来自中远(香港)航运有限公司、物产中大（600704）期货研究院、香港海纳船舶贸 易有限公司和克拉克森 ...

[ T able_StockInfo] 2025 年 07 月 22 日 证券研究报告•2025 年半年报点评 当前价：8.55 元 海通发展（603162）交通运输 目标价：——元（6 个月） 运价承压利润下滑，静待旺季释放弹性 | 指标/年度 [Table_MainProfit] | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业收入（百万元） | 3658.77 | 3668.59 | 4262.58 | 4857.25 | | 增长率 | 114.55% | 0.27% | 16.19% | 13.95% | | 归属母公司净利润（百万元） | 549.02 | 263.66 | 515.07 | 737.20 | | 增长率 | 196.70% | -51.98% | 95.35% | 43.12% | | 每股收益 EPS（元） | 0.59 | 0.28 | 0.56 | 0.80 | | 净资产收益率 ROE | 13.33% | 6.33% | 11.14% | 14.02% | | PE | 14 | ...

Core Viewpoint - The company, Fujian Haitong Development Co., Ltd., anticipates a significant decline in net profit for the first half of 2025, projecting a decrease of 60.78% to 69.04% compared to the same period last year [1][2]. Group 1: Performance Forecast - The company expects a net profit attributable to shareholders of the parent company to be between 75 million and 95 million yuan, a decrease of 147.25 million to 167.25 million yuan year-on-year [1][2]. - The projected net profit after deducting non-recurring gains and losses is estimated to be between 73.97 million and 93.97 million yuan, reflecting a year-on-year decrease of 54.36% to 64.07% [1][2]. Group 2: Previous Year’s Performance - For the first half of 2024, the company reported a total profit of 242.76 million yuan and a net profit attributable to shareholders of the parent company of 242.25 million yuan [2]. - The earnings per share for 2024 were reported at 0.27 yuan, adjusted for a stock dividend distribution [2]. Group 3: Reasons for Performance Change - The dry bulk shipping market faced severe challenges in the first half of 2025, with significant declines in shipping rates, as indicated by the average BDI, BCI, BPI, and BSI values dropping by 30% to 33% year-on-year [2]. - The company is undertaking maintenance and upgrades for both existing and new vessels, leading to increased short-term maintenance costs, which have not yet fully realized the benefits of the new capacity [2]. Group 4: Future Outlook - The company plans to adapt to market trends by seizing cyclical opportunities in the shipping market, expanding its controlled capacity, optimizing global route layouts, and enhancing operational efficiency to strengthen profitability [3].

波罗的海干散货运价指数连续第五日上涨 智通财经6月3日电，波罗的海干散货运价指数连续第五个交易日上涨，受海岬型船和巴拿马型船运费上 涨支撑。波罗的海干散货运价指数上涨8点或0.6%，至1430点，为4月4日以来最高水平。海岬型船运价 指数上涨33点或1.4%，至2333点，为4月3日以来最高水平。海岬型船日均获利上涨279美元，至19350 美元。巴拿马型船运价指数上涨1点或0.1%，至1108点，终止八连跌。巴拿马型船日均获利增加6美 元，至9973美元。超灵便型散货船运价指数下滑6点至942点，创4月15日以来最低水平。 ...