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：202511261 | 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 ☐ 太平洋证券 程志峰 谭建彬 | 姚诗权 | | | 华源证券 张付哲 曾智星 广发基金 胡英粲 | 高树根 | | | 中信建投基金 陈泽文 | | | | 国泰海通资管 张宇清 | | | | 信达澳亚基金 刘维华 | | | 参与单位名称及人 | 国泰基金 李起帆 | | | 员姓名 | 杭银理财 李杨健 | | | | 招商信诺资管 刘延波 | | | | 招商证券 肖欣晨 李秀敏 | | | | 中泓汇富基金 余一奇 | | | | 嘉宏集团 曹静 | | | | 云昱私募基金 张一云 | | | 时间 | 2025年11月26日 14:00-15:00 | | | 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 ...

Core Viewpoint - The completion of the "NOCC PACIFIC," the world's first LNG dual-fuel car carrier compliant with new international standards for transporting electric vehicles, marks a significant milestone in the collaboration between CIMC Raffles and Norwegian Car Carriers (NOCC) [1][2]. Group 1: Vessel Specifications and Innovations - "NOCC PACIFIC" measures 199.9 meters in length, 38 meters in width, with a design draft of 8.6 meters and a speed of 19 knots, capable of carrying 7,000 vehicles [1]. - The vessel is equipped with two C-type LNG tanks and dual-fuel engines, achieving zero emissions during port operations [1]. - The construction process utilized a new method that reduced hull deformation by over 15%, enhancing construction precision and shortening the build cycle [1]. Group 2: Industry Standards and Safety - In response to the surge in global electric vehicle shipping and associated safety challenges, the International Maritime Organization (IMO) has mandated that classification societies develop specific safety standards, set to be enforced from January 2026 [2]. - The "NOCC PACIFIC" has proactively incorporated DNV's "F (EV)" compliance design, making it the first car carrier to meet these new safety standards, thus providing a safety model for international electric vehicle maritime transport [2]. Group 3: Company Positioning and Future Prospects - CIMC Raffles has established itself as a leading builder of car carriers, having signed multiple contracts with various shipping companies, including Wallenius Lines and Zodiac Group [2]. - "NOCC PACIFIC" is the 15th car carrier delivered by CIMC Raffles and the 7th scheduled for delivery from the Longkou base by 2025, reinforcing the company's capacity for mass delivery in the PCTC sector [2]. - NOCC's CEO highlighted the vessel as a representation of cutting-edge technology and acknowledged CIMC Raffles' construction quality, indicating a strong future collaboration [3].

Core Viewpoint - The completion of China's first automobile transport ship that meets international new standards for transporting new energy vehicles marks a significant advancement in the industry [1][2]. Group 1 - The automobile transport ship is built in Longkou, Shandong, and is specifically designed to comply with international standards for new energy vehicle transportation [1][2]. - This development is expected to enhance the logistics capabilities for the transportation of new energy vehicles, facilitating their export and distribution [1][2].

Core Viewpoint - The opening of the "Weihai-Dalian" new energy vehicle transportation route enhances maritime logistics for electric vehicles in northern China, addressing the growing demand for cross-sea travel and freight transport in the region [1] Group 1: Route Details - The newly launched route features the roll-on/roll-off ship "Green Anping," which can carry over 110 new energy vehicles and is equipped with advanced temperature detection and fire extinguishing systems [1] - The route primarily operates between Weihai Port and Dalian Port, accommodating not only new energy vehicles but also other types of cargo vehicles [1] Group 2: Regional Significance - The Weihai to Dalian route is a crucial link between the Shandong Peninsula and the Liaodong Peninsula, facilitating increased travel and transport for new energy vehicle owners and businesses in the region [1] - The demand for new energy vehicles has been rising in Shandong and Liaoning provinces, leading to a need for improved transportation options for both individual and commercial users [1]

Core Viewpoint - Bohai Ferry Group Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, primarily due to decreased demand in the roll-on/roll-off vehicle transportation market, while maintaining a focus on enhancing operational efficiency and market presence [1][2]. Financial Performance - Operating revenue for the first half of 2025 was approximately RMB 728.19 million, a decrease of 5.02% compared to RMB 766.66 million in the same period last year [2]. - Total profit amounted to RMB 173.83 million, down 0.64% from RMB 174.96 million year-on-year [2]. - Net profit attributable to shareholders was RMB 101.58 million, reflecting a 2.95% decrease from RMB 104.68 million in the previous year [2]. - The net cash flow from operating activities significantly increased to RMB 265.11 million, up 201.81% from RMB 87.84 million [2]. Business Operations - The company operates nine large passenger and vehicle ferries, covering key routes in the Bohai Bay area, and has expanded its market presence by acquiring Weihai Haida Passenger Transport Co., Ltd. [3]. - The company has introduced two upgraded vessels, "Green An Tong" and "Green An Da," to facilitate the transportation of new energy vehicles across the Bohai Bay [3][7]. - Bohai Ferry has established a joint venture with logistics companies to enhance multi-modal transport services, integrating land and sea logistics [3]. Investment and Financing - The company has set up Bohai Ferry Leasing Co., Ltd. to provide financing solutions, promoting synergy between production and finance [3]. - Investment in private equity has yielded a profit of RMB 4.39 million, with a significant increase in the valuation of investments [4][5]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.40 per share for the mid-year 2025, totaling approximately RMB 187.66 million, reflecting a commitment to shareholder returns [9][10]. Market Challenges - The company faces increased competition in the roll-on/roll-off transportation market, alongside external factors such as fluctuating demand and regulatory changes [7]. - The operational environment remains challenging due to external competition and changing customer needs, prompting the company to enhance marketing and service strategies [3][4].

Core Viewpoint - The completion of the comprehensive technical upgrade and modification of the "Green An Tong" vessel marks a significant breakthrough in providing safe and efficient cross-sea transportation services for new energy vehicle users in the Bohai Bay area [1] Group 1 - The "Green An Tong" vessel has been put into operation on the Yantai to Dalian route, conducting two round trips daily [1] - This initiative addresses the transportation challenges faced by new energy vehicles in crossing the sea [1]