转自：新华财经 广州市港务局1月5日发布消息，2025年广州港完成货物吞吐量超6.96亿吨，集装箱吞吐量突破2800万标准箱，稳居全球港口前六位。其中，外贸货物吞吐量 增速10.73%，外贸集装箱吞吐量增速近20%，增速位居全国沿海港口前列，外贸集装箱占比超过50%，从"内贸第一大港"成功转型为"双循环枢纽"。作为华 南最大的综合性主枢纽港，凭借全货种处理能力，业务覆盖集装箱、散货、滚装汽车、冷链、能源等多元货类。 2025年以来，广州港不断拓展全球航运网络，加大东南亚、南美等区域航线开辟力度，新增10条外贸航线，并首次开通南沙-南美西直航航线，现已开辟182 条外贸班轮航线，其中"一带一路"航线达152条，RCEP国家航线98条，航线网络覆盖传统欧美、亚非主要贸易区，并不断向"一带一路"共建国家和新兴市场 延伸。目前已与全球100多个国家和地区的400多个港口建立了紧密的航运联系。2025年，广州港与马士基集团签署深化战略合作伙伴关系备忘录。截至目 前，已与全球前十大班轮公司全部建立深度合作关系，并与60个国际港口缔结友好关系，友好港数量位居全国第一。 全球网络拓展：国际朋友圈持续扩大 2025年，新华·波 ...

潮涌东海岸，大港起东方。 12月2日，宁波舟山港梅山港区，红色的集装箱缓缓起吊，稳稳落在"中远海运人马座"轮上。这一刻，宁波舟山港年集装箱 吞吐量首破4000万标准箱。 作为年货物吞吐量连续16年蝉联世界第一的超级大港，这一跨越不仅是宁波舟山港作业量跃升至新台阶的数字变更，更是 其在国家发展大局中发挥重要作用的直观体现。 2020年3月29日，习近平总书记前往宁波舟山港穿山港区考察。总书记强调，港口是基础性、枢纽性设施，是经济发展的重 要支撑。宁波舟山港在共建"一带一路"、长江经济带发展、长三角一体化发展等国家战略中具有重要地位，是"硬核"力量。要 坚持一流标准，把港口建设好、管理好，努力打造世界一流强港，为国家发展作出更大贡献。 宁波—舟山港管委会挂牌20年来，以两港一体化发展为坚固基石，东方大港雄峙海天，正加快形成"辐射内陆、联通全 球"双循环通道，持续为服务构建新发展格局注入源源不断的动能。 关键抉择：改革破局催生全球第一大港 "宁波舟山港取得今天的成绩，宁波、舟山两港一体化运作起到至关重要的作用。"浙江省海港集团、宁波舟山港集团有限 公司董事长陶成波对此感慨颇深。 曾经，东海之畔的宁波、舟山两港虽然在 ...

潮涌东海岸，大港起东方。 12月2日，宁波舟山港梅山港区，红色的集装箱缓缓起吊，稳稳落在"中远海运人马座"轮上。这一刻， 宁波舟山港年集装箱吞吐量首破4000万标准箱。 作为年货物吞吐量连续16年蝉联世界第一的超级大港，这一跨越不仅是宁波舟山港作业量跃升至新台阶 的数字变更，更是其在国家发展大局中发挥重要作用的直观体现。 2020年3月29日，习近平总书记前往宁波舟山港穿山港区考察。总书记强调，港口是基础性、枢纽性设 施，是经济发展的重要支撑。宁波舟山港在共建"一带一路"、长江经济带发展、长三角一体化发展等国 家战略中具有重要地位，是"硬核"力量。要坚持一流标准，把港口建设好、管理好，努力打造世界一流 强港，为国家发展作出更大贡献。 宁波—舟山港管委会挂牌20年来，以两港一体化发展为坚固基石，东方大港雄峙海天，正加快形成"辐 射内陆、联通全球"双循环通道，持续为服务构建新发展格局注入源源不断的动能。 关键抉择：改革破局催生全球第一大港 "宁波舟山港取得今天的成绩，宁波、舟山两港一体化运作起到至关重要的作用。"浙江省海港集团、宁 波舟山港集团有限公司董事长陶成波对此感慨颇深。 曾经，东海之畔的宁波、舟山两港虽然 ...

Core Viewpoint - Ningbo Port is experiencing steady growth in port production, with significant increases in container and cargo throughput in November 2025 compared to the previous year, indicating a strong operational performance and a focus on sustainable development [1][2]. Group 1: Operational Performance - In November 2025, Ningbo Port expects to achieve a container throughput of 4.49 million TEUs, a year-on-year increase of 10.8%, and a cargo throughput of 99.7 million tons, up 7.8% [2]. - For the first nine months of 2025, the cumulative container throughput reached 39.24 million TEUs, reflecting a 9.9% increase year-on-year, while cargo throughput was 911.45 million tons, up 6.8% [2]. - The total container throughput for January to November 2025 is projected to be 48.29 million TEUs, a 10.2% increase from 43.83 million TEUs in the same period of 2024 [2]. Group 2: Financial Performance - In the first three quarters of 2025, Ningbo Port reported revenue of 22.882 billion yuan, a 4.68% increase year-on-year, and a total profit of 5.457 billion yuan, which is a slight decrease of 4.59% [6]. - The net profit attributable to shareholders was 3.875 billion yuan, down 5.54% year-on-year, while the non-recurring net profit increased by 9.06%, indicating a strengthening of core business profitability [6][7]. - The company aims to achieve a revenue of 29.5 billion yuan and a total profit of 7 billion yuan for the full year of 2025, with the first three quarters accounting for 77.57% and 77.96% of these targets, respectively [7]. Group 3: Strategic Developments - Ningbo Port is enhancing its global market influence through the establishment of subsidiaries in Singapore and Japan, and is actively integrating logistics groups to improve operational efficiency [3]. - The company is advancing its smart and green port initiatives, with significant automation and environmental projects underway, including the completion of wind power integration and a high clean energy usage rate of 74% [4][5]. - Ongoing infrastructure projects include the completion of major container handling facilities and the installation of large equipment, which are expected to enhance operational capabilities [3].

Core Insights - Shandong Port is enhancing its global logistics capabilities through comprehensive services including terminal operations, logistics transportation, financial services, trade services, and shipping services, aiming to become a world-class maritime port cluster [1][2][4]. Group 1: Services Offered - Shandong Port provides extensive terminal handling services with over 380 productive berths across 21 major port areas, facilitating global reach to over 700 ports in more than 180 countries [1]. - The port offers "end-to-end" logistics services with over 80 logistics options, covering everything from warehousing to multimodal transport [1]. - Financial services include 15 types of financial licenses and 30 financial business entities, catering to diverse supply chain financial needs [1]. - Trade services encompass over 30 types of goods, with 10 goods achieving transaction volumes of over one million tons, supporting upstream procurement and downstream supply [1]. - Shipping services feature a fleet of over 70 vessels with a total capacity exceeding 1.1 million tons, including key routes to Japan and South Korea [1]. Group 2: Development Achievements - Since the start of the 14th Five-Year Plan, Shandong Port has added over 50 productive berths, increasing its annual throughput capacity by 180 million tons to nearly 1 billion tons [5]. - The port has expanded its container shipping routes by over 50, totaling more than 360 routes, maintaining the highest route density among northern Chinese ports [5]. - The port's inland logistics network includes 54 inland ports and 106 container rail-sea intermodal routes, achieving a rail-sea intermodal operation volume of over 4.2 million TEUs [5]. Group 3: International Expansion - Shandong Port has established four overseas regional companies and seven overseas representative offices, enhancing its global operational capacity with over 1 million tons of annual operations [6]. - The port has formed partnerships with over 50 friendly ports worldwide, strengthening its global supply chain service network [6]. Group 4: Supply Chain Services - The port has developed a comprehensive supply chain service system integrating port, finance, shipping, trade, logistics, and overseas services, with 80 logistics business types and 15 financial licenses [8][9]. - The trade volume of goods has increased to over 30 types, with significant contributions to domestic and international trade, including partnerships with major global companies [9][10]. Group 5: Technological and Environmental Advancements - Shandong Port has made significant strides in automation, with the first fully automated container terminal in Asia achieving record operational efficiency [12][13]. - The port has implemented a green port strategy, achieving a clean energy usage rate of 65% and enhancing its environmental quality [15]. - The port's digital transformation includes the establishment of a comprehensive supply chain service platform, significantly improving operational efficiency and service delivery [14].

Core Viewpoint - The company reported a decline in revenue and net profit for the first three quarters of 2025, with revenue down 9.78% and net profit down 17.38%, ranking 9th in revenue and 12th in net profit within the industry [2]. Group 1: Performance and Strategy - The company plans to address the decline in revenue and profit by enhancing its core competitiveness through supply chain service improvements and increasing customer loyalty [2][3]. - The company aims to leverage strategic opportunities for innovation and development, transitioning towards smart and green port operations [2][4]. - The company has implemented a mid-term dividend policy, distributing cash dividends of 0.33 yuan per 10 shares, with a steady increase in cash dividend payout ratio from 19.50% to 40.39% over the past three years [4][6]. Group 2: Financial Health and Shareholder Engagement - The company reported a net cash inflow from operating activities of 1.933 billion yuan in Q3 2025, ranking 6th in the industry, despite a high debt ratio of 59.13% [5][8]. - The company is actively exploring diverse financing channels and has successfully issued medium-term notes and short-term financing bonds to optimize its capital structure [5][8]. - The company has seen a reduction in the number of A-share shareholders by 8.44%, but the average shareholding has increased, indicating a more concentrated shareholder structure [3][4]. Group 3: Environmental and Operational Initiatives - The company is committed to enhancing its ESG performance through green technologies, including the use of clean energy and pollution prevention measures [4][5]. - The company plans to expand into emerging businesses such as cross-border e-commerce logistics and port industry collaboration to mitigate the impact of commodity demand fluctuations [5][6]. - The company is focused on optimizing its operational efficiency to improve its gross margin, which currently stands at 24.12%, below the industry average of 30.73% [6][8]. Group 4: Governance and Risk Management - The company has established a mechanism linking executive compensation to company performance, ensuring compliance with relevant laws and regulations [3][8]. - The company is monitoring its debt risk and has plans to strengthen accounts receivable management to ensure financial stability [8][9]. - The independent directors are involved in reviewing related party transactions to ensure fairness and compliance, balancing the interests of controlling and minority shareholders [8][9].

Core Viewpoint - The establishment of the National Engineering Research Center for Marine Ecological Environment Monitoring Technology in Hong Kong aims to promote marine technology innovation and the development of smart, green ports, marking a significant step towards the "Port 2.0" era [5][6]. Group 1: Establishment and Purpose - The National Engineering Research Center for Marine Ecological Environment Monitoring Technology was officially inaugurated on October 27, 2025, in collaboration with the Hong Kong Productivity Council [2]. - This center is a crucial part of the national strategy to develop a marine technology innovation system, focusing on the research and development of marine ecological environment monitoring technologies and equipment [5]. Group 2: Key Focus Areas - The center will concentrate on several key areas, including: 1. Research and development of critical technologies and equipment for marine ecological environment monitoring [6]. 2. Joint scientific research and technological cooperation between Hong Kong, Macau, and mainland China [6]. 3. Integration of applications for marine pollution prevention, ecological restoration, and intelligent monitoring systems [6]. 4. Collaboration on international standards and testing technology certification [6]. Group 3: Technological Advancements - The center will leverage AI intelligent detection laboratories and a smart monitoring equipment system to create a new model for automated, high-throughput, and high-precision marine ecological monitoring [7]. - It aims to establish a platform for technology transfer and industrial cooperation that is oriented towards international collaboration [7].

Core Viewpoint - Rizhao Port, the youngest 500 million-ton port globally, has rapidly transformed from a small port to an international hub within a few decades, showcasing significant growth in cargo throughput and strategic positioning in the logistics landscape [3][5][12]. Group 1: Growth and Development - Rizhao Port's cargo throughput reached 5.52 billion tons in 2024, ranking 6th among coastal ports in China and 7th globally [5]. - The port's development milestones include surpassing 1 billion tons in 2006, 2 billion tons in 2010, 3 billion tons in 2013, 4 billion tons in 2019, and finally 5 billion tons in 2022 [3][5]. - The port's rapid rise has disrupted traditional port dominance in the Bohai Sea and Yangtze River Delta regions, establishing a new logistics hub on the west coast of the Yellow Sea [5][10]. Group 2: Strategic Advantages - Rizhao Port benefits from a prime geographical location, situated at the junction of the Pacific Economic Circle and the New Eurasian Land Bridge, enhancing its connectivity [7]. - The port features a natural deep-water harbor and is the only port in China with four 300,000-ton crude oil terminals, crucial for bulk cargo transportation [8]. - It serves as a vital outlet for the central and western regions of China, with rail connections facilitating access to 16 provinces and cities [9]. Group 3: Competitive Positioning - The port has strategically focused on bulk commodities like energy and minerals, avoiding competition in container shipping, and has established a leading position in several bulk cargo categories [10]. - Rizhao Port has achieved the highest throughput in seven specific cargo types, including iron ore and soybeans, reinforcing its competitive edge in niche markets [10]. Group 4: Technological Innovation - The port is advancing towards becoming a smart and green port, exemplified by the world's first fully automated container terminal using a parallel layout, which significantly improves efficiency and reduces costs [11]. - It has also developed a fully automated grain unloading machine with 100% domestic technology, achieving a maximum unloading efficiency of 1,500 tons per hour [11][12]. Group 5: Policy and Collaboration - Rizhao Port is a key node in Shandong's new and old energy conversion pilot zone, benefiting from national strategies for ecological protection and high-quality development [12]. - The port collaborates with other ports like Qingdao and Yantai for resource integration, enhancing operational efficiency and market expansion while avoiding internal competition [12].

Core Viewpoint - Yantian Port reported a revenue of 389 million yuan and a net profit of 653 million yuan for the first half of 2025, marking a year-on-year growth of 4.07% [1] Group 1: Financial Performance - In the first half of 2025, Yantian Port achieved a revenue of 389 million yuan and a net profit of 653 million yuan, reflecting a year-on-year increase of 4.07% [1] - The company’s shareholdings in Yantian International (Phase I and II) generated a net profit of 525 million yuan, up 7.64% year-on-year; Xigang Terminal reported a net profit of 329 million yuan, a 17.95% increase [2] - The operating revenue of Huizhou Qianwan Coal Port reached 117 million yuan, growing by 21.81% year-on-year [2] Group 2: Operational Expansion - As of the reporting period, Yantian Port has opened 20 inland ports, 15 combined ports, 17 barge routes, and 33 sea-rail intermodal lines, covering the Greater Bay Area, Southwest, and Central regions [1] - The company completed a major asset restructuring in 2023 by acquiring 100% equity of Yantian Port Operating Company, which will enhance business and asset scale and significantly improve profitability [2] - The company is focusing on expanding its customer base for bulk commodities like iron ore and grain through its controlled Huangshi New Port and Huizhou Qianwan Coal Port [2] Group 3: Strategic Initiatives - The company plans to continuously monitor changes in national macroeconomic policies and port industry dynamics to adjust operational strategies and enhance self-operated port management capabilities [3] - There is an emphasis on accelerating the construction of smart and green ports, exploring investment opportunities, and developing new business models to achieve high-quality growth [3]

Core Viewpoint - The report highlights the financial performance and operational developments of Rizhao Port Co., Ltd. for the first half of 2025, indicating a decline in revenue and profit compared to the previous year, while emphasizing ongoing efforts in innovation and market expansion. Financial Performance - Total revenue for the first half of 2025 was CNY 3.67 billion, a decrease of 10.66% compared to CNY 4.11 billion in the same period last year [2] - Total profit amounted to CNY 519 million, down 17.58% from CNY 630 million year-on-year [2] - Net profit attributable to shareholders was CNY 358 million, a decline of 17.47% from CNY 434 million [2] - The company plans to distribute a cash dividend of CNY 0.33 per 10 shares, totaling CNY 101.5 million [1][10] Operational Highlights - The port handled a total cargo throughput of 238 million tons in the first half of 2025, representing a year-on-year increase of 3.17% [3][10] - Container throughput reached 3.66 million TEUs, showing a growth of 9.01% compared to the previous year [3][10] - The company has focused on optimizing port functions and enhancing service efficiency, resulting in a 13.5% reduction in average vessel stay time [4] Industry Context - The port industry is closely linked to macroeconomic development, with national coastal ports achieving a cargo throughput of 5.703 billion tons in the first half of 2025, a 2.5% increase year-on-year [3] - Rizhao Port is positioned as a key hub for iron ore transshipment, with an annual transshipment capacity exceeding 160 million tons [3][6] Strategic Initiatives - The company is advancing towards becoming a smart and green port, with the implementation of fully automated grain unloading systems and the introduction of intelligent transport vehicles [4][5] - Efforts to expand market reach have led to the development of new customer relationships and the launch of new shipping routes, including a roll-on/roll-off service to the Middle East [4] Future Outlook - The company aims to leverage strategic opportunities for growth, focusing on innovation and the development of new production capabilities to enhance operational efficiency and competitiveness [8][10]