Core Viewpoint - The demand for transporting electric vehicles across the Qiongzhou Strait has significantly increased during the Spring Festival peak period, with record-breaking daily transport volumes being reported [1]. Group 1: Transport Statistics - The number of electric vehicles transported daily rose from 4,130 on February 2 to 6,155 on February 10, marking a historical high and accounting for 18.9% of the total vehicles transported that day [1]. - Since the start of the Spring Festival in 2026, a total of 3,089 ferry trips have been made, transporting 1.015 million passengers and 255,000 vehicles, including 44,469 electric vehicles, averaging nearly 5,000 electric vehicles per day [1]. Group 2: Safety and Regulation Measures - To ensure the safe maritime transport of electric vehicles, the Zhanjiang Maritime Department has organized enforcement personnel to conduct thorough inspections at local ports, focusing on key operational processes such as vehicle boarding, stowage, securing, isolation, and dynamic monitoring during transit [1]. - The department is also prepared for emergency responses to any unexpected incidents during the transport of electric vehicles [1]. Group 3: Ticket Availability - Currently, tickets for electric vehicles heading to the island direction are nearly sold out, while a limited number of tickets remain for the outbound direction. The port authorities will dynamically increase the number of dedicated transport trips for electric vehicles based on reservation and standby ticket situations [1].

中新社北京1月30日电 (记者刘文文)中国交通运输部新闻发言人李颖30日在北京表示，预计春运期间琼 州海峡将运送旅客超466万人次、车辆超117万台次，同比分别增长12%和10%。 李颖在当日举行的1月例行新闻发布会上介绍，作为海南自由贸易港封关运作后的首个春运，今年琼州 海峡客滚运输需求尤为旺盛。其中新能源汽车过海需求激增，预计运输量将突破20万台次，占比超 17%。 她指出，春运期间，琼州海峡客滚运输整体发班能力可达单日350航次，船舶按照"人休船不休"要求配 备足量船员，确保运力连续稳定。针对新能源车运输需求增长，增配两艘新能源汽车专用运输甲板驳。 每日可设置50个新能源车运输专班，并根据船票预售情况及时增加专班数量，新能源车运输保障能力由 去年的日均3500台次提升到5000台次。 此外，交通部门还将严格执行预约过海。通过票务调节引导错峰出行，实施统一票务管理，严格执行车 辆全预约过海制度。春运期间实施进岛提前15天，出岛提前30天的预售票规则，便于旅客合理规划行 程。(完) （文章来源：中国新闻网） ...

Company Overview - Established in 2002 by five shareholders, including Hainan Port and Shenzhen Yantian Port, and listed on Shenzhen Stock Exchange in 2009 [3] - Acquired 100% equity of COSCO Shipping Passenger in 2025, increasing the roll-on/roll-off fleet to 64 vessels [3] - Main operations focus on passenger and cargo transport in Hainan and Bohai Bay, with routes including Haikou to Hai'an and Yantai to Dalian [3] Financial Performance - Net profit for Q3 2025 showed a decline due to increased costs from strategic investments and acquisitions [3] - New investments in personnel and fleet, including two new flat-deck cargo ships for transporting new energy vehicles, have contributed to rising operational costs [3][4] New Route Development - Launched Haikou to Fangchenggang route, covering 157 nautical miles with a travel time of approximately 12 hours [3] - The "Chess Bay" vessel on this route can carry 844 passengers and 69 trucks, enhancing service offerings [3] Strategic Initiatives - Investment in flat-deck cargo ships aims to safely transport new energy vehicles, addressing fire risks associated with battery transport [4] - Comprehensive typhoon response plan established to mitigate disruptions caused by approximately 20 days of annual service interruptions [5] Future Outlook - The implementation of favorable tax policies in Hainan Free Trade Port is expected to lower operational costs and attract more investors [9][10] - Infrastructure improvements, such as the completion of the circular tourism road, are anticipated to boost passenger traffic [10] - Ongoing capital expenditures include the construction of two new passenger vessels expected to be operational in two years [10] Shareholder Engagement - The company maintains a commitment to providing stable dividends while ensuring sustainable growth [6] - Future dividend policies will consider profitability, cash flow, and investment plans to achieve long-term shareholder value [6]

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]