大家好，基金君和你一起关注今天早盘的市场行情。 10 月 30 日， A 股三大股指集体低开。 | 4007.82 | 13661.61 | 3313.79 | | --- | --- | --- | | 上证指数 -0.21% | 深证成指 -0.22% | 创业板指 -0.32% | 截至记者发稿，沪深两市成交额突破 5000 亿元。 从板块看，港口航运、存储芯片板块领涨，通信设备、 贵金属板块领跌。 | | | Wind热门概念指数 | | | | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 航运 | 存储器 | 稀土 | 钠离子电池 | TWS耳机 | 海运 | 办公用品 | 电脑硬件 | 电工电网 | 工程机械 | | 2.20% | 1.08% | 0.95% | 0.91% | 0.80% | 0.99% | 0.89% | 0.66% | 0.48% | 0.46% | | 储能 | 工业气体 | HBM | 动力电池 | 国家大基金 | 休闲用品 | 保险 | 汽车零部件 ...

2025年10月30日，招商轮船(601872.SH)发布2025年三季报。 公司摊薄每股收益为0.41元，在已披露的同业公司中排名第5，较去年同报告期摊薄每股收益基本持 平，同比较去年同期持平。 公司最新总资产周转率为0.26次，在已披露的同业公司中排名第11，较去年同期总资产周转率减少0.04 次，同比较去年同期下降13.60%。最新存货周转率为10.89次，在已披露的同业公司中排名第20，较去 年同期存货周转率减少0.24次，同比较去年同期下降2.11%。 公司股东户数为8.79万户，前十大股东持股数量为60.85亿股，占总股本比例为75.36%，前十大股东持 股情况如下： 公司营业总收入为193.10亿元，在已披露的同业公司中排名第2，较去年同报告期营业总收入增加 1371.52万元，实现2年连续上涨，同比较去年同期上涨0.07%。归母净利润为33.00亿元，在已披露的同 业公司中排名第3，较去年同报告期归母净利润减少6929.14万元，同比较去年同期下降2.06%。经营活 动现金净流入为58.03亿元，在已披露的同业公司中排名第2，较去年同报告期经营活动现金净流入减少 5.99亿元，同比较去年同期下 ...

中远海能（600026）(01138)涨超9%，截至发稿，涨9.24%，报10.88港元，成交额2.63亿港元。 消息面上，10月28日，中远海能发布公告，本公司拟进行拟议收购事项。根据上海液化气股权转让协 议，中远海运大连投资同意出售而大连海能(本公司全资附属公司)同意收购上海液化气的全部股权，惟 须遵守协议的条款及条件。大连海能将有权承担或享有根据上海液化气股权转让协议将予转让股权于过 渡期间内的损益。 上海液化气的全部股权的代价为人民币5.98亿元，并应于上海液化气股权转让协议生效日期起5个工作 日内，由大连海能通过银行转账方式向中远海运大连投资支付交易对价全部的价款。 公告称，本次拟议收购事项完成后，本集团内已投产LPG运输业务资产将进一步整合至上市公司体系 内，有利于本公司后续相关重大项目的开展在资本市场创造有利条件；同时，长期来看预计将增加公司 归属于母公司股东的净利润，有利于提升本公司整体经营业绩，对提升本公司持续经营能力产生积极影 响。 ...

Core Viewpoint - The shipping selected index experienced a significant increase of 4.06% on October 30, indicating a positive trend in the shipping industry [1]. Company Performance - China Merchants Energy surged by 8.74%, showcasing strong performance among the index constituents [1]. - COSCO Shipping Energy rose by 5.47%, reflecting robust market conditions [1]. - China Merchants South Oil increased by 4.97%, contributing to the overall positive sentiment in the sector [1]. - COSCO Shipping Specialized Carriers saw a rise of 2.81%, indicating steady growth [1]. - Zhonggu Logistics experienced a modest increase of 0.78%, still aligning with the upward trend [1].

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - In the context of tariff news and the afternoon MSK surcharge, the Wednesday futures market rose significantly. Affected by the previous congestion at European ports in the second half of November, 4 ships will have difficulty returning to Shanghai in time, which may lead to a tight fundamental situation in November. The market's neutral expectation for the freight rate in November is between $2000 - $2200 (1400 - 1540 points). Currently, the valuation of the December contract is moderately high. Driven by multiple positive factors such as subsequent price increases and long - term agreement signings from November to December, it is recommended to adopt a low - buying strategy. The 02 contract is more difficult to value accurately with high uncertainty, and it is expected to follow the trend of the December contract in the next month. The 04 contract is a off - season contract, which fluctuates within a narrow range under the current peak - season logic. Considering the greater supply pressure next year, it is recommended to adopt a high - selling strategy [2]. Summary by Related Catalogs Futures Contract Data - **EC Futures Contracts**: The closing prices of EC2512, EC2602, EC2604, and EC2606 are $1871.0, $1606.0, $1194.4, and $1422.9 respectively, with daily increases of 4.62%, 3.70%, 2.73%, and 3.56%. The trading volumes are 34539, 8665, 2935, and 1 respectively, and the open interests are 31906, 15885, 14394, and 1410 respectively, with open - interest changes of 3006.8, 1975, 115, and 0 [2]. - **Month - to - Month Spreads**: The spreads of EC2512 - 2504, EC2512 - 2602 are 676.6 and 265.0 respectively, with month - on - month increases of 51.0 and 25.4, and week - on - week increases of 71.1 and 53.9 [2]. Index Data - **SCFI (European Route)**: Updated on October 24, 2025, the value is $1246/TEU, with a month - on - month increase of 8.82% and a previous - period increase of 7.21% [2]. - **CCFI (European Route)**: Updated on October 24, 2025, the value is 1293.12 points, with a month - on - month increase of 1.99% and a previous - period decrease of 1.49% [2]. - **NCFI**: Updated on October 24, 2025, the value is 822.3 points, with a month - on - month increase of 2.38% and a previous - period increase of 14.96% [2]. Recent European Route Quotations - **Week 44**: The offline quotations are PA $1400, GEMINI $1600, and OA $1800 [3]. - **November Price Increase Announcements**: Shipping companies announced price increases mostly between $2500 - $2700, with an average equivalent to about 1800 points on the futures market. MSK opened at $2350, which met expectations, and then shipping companies adjusted the price to between $1900 - $2300, with a central value of $2100 [3]. Shipping Company Price Adjustments - **Monday**: HMM reduced the price to $1900, HPL to $2335, ONE to $2135, and MSC to $2265 [4]. - **Tuesday**: MSK reduced the price to $2200, OOCL to $2150, and YML reduced the price of a single route to $1900 [4]. - **Wednesday**: MSK announced a peak - season surcharge of $300/FEU for long - term agreements, and YML reduced the price of a single route to $1850 [4]. Related News - On October 29, the Israeli military stated that it had resumed the implementation of the Gaza cease - fire agreement [5].

智通财经APP获悉，中远海能(01138)涨超9%，截至发稿，涨9.24%，报10.88港元，成交额2.63亿港元。 消息面上，10月28日，中远海能发布公告，本公司拟进行拟议收购事项。根据上海液化气股权转让协 议，中远海运大连投资同意出售而大连海能(本公司全资附属公司)同意收购上海液化气的全部股权，惟 须遵守协议的条款及条件。大连海能将有权承担或享有根据上海液化气股权转让协议将予转让股权于过 渡期间内的损益。 上海液化气的全部股权的代价为人民币5.98亿元，并应于上海液化气股权转让协议生效日期起5个工作 日内，由大连海能通过银行转账方式向中远海运大连投资支付交易对价全部的价款。 公告称，本次拟议收购事项完成后，本集团内已投产LPG运输业务资产将进一步整合至上市公司体系 内，有利于本公司后续相关重大项目的开展在资本市场创造有利条件；同时，长期来看预计将增加公司 归属于母公司股东的净利润，有利于提升本公司整体经营业绩，对提升本公司持续经营能力产生积极影 响。 ...

Financial Performance - In Q3 2025, the company achieved operating revenue of 1.581 billion yuan, a year-on-year increase of 19.23% [1] - The net profit attributable to shareholders was 155 million yuan, reflecting a year-on-year growth of 21.15% [1] - The net profit after deducting non-recurring gains and losses was also 155 million yuan, with a year-on-year increase of 21.03% [1] Strategic Development - The company has maintained steady growth in its container business, focusing on enhancing Southeast Asia shipping services [2] - Two new direct routes to Thailand and Vietnam have been launched, along with a new direct shipping line from Ningbo to Manila, improving regional shipping networks [2] - The company has expanded its domestic trade service efficiency and increased the number of shipping routes to over 40 [2] Green Initiatives - The company has integrated green and low-carbon principles into its fleet planning and operations, with 29 green energy-efficient vessels, accounting for 54.7% of its total fleet [3] - The "740 standard container pure electric ship" project has been recognized as a national demonstration project for green low-carbon technology [3] - The first pure electric container ship, the largest globally and the first in China, has successfully completed its hull construction and core power system installation [3] Market Position and Future Outlook - The international shipping market has experienced fluctuations due to multiple external factors, but the company has responded by strengthening its shipping core business and expanding its global route network [4] - The company has been recognized for its excellence in environmental, social, and governance (ESG) practices, being included in the "2025 Zhejiang Business ESG Classic 100" list [4] - The company aims to enhance its comprehensive competitiveness and strives to become a leading regional logistics service provider in Asia [4]

Summary of the Conference Call for 招商南油 Industry Overview - The international refined oil tanker market is experiencing a weak supply and demand situation due to multiple factors, including geopolitical risks and regulatory changes, which have increased market volatility [2][5] - The U.S. 301 investigation is gradually causing Chinese shipping companies to exit the U.S. market [2] - Despite a 4.5% year-on-year decline in refined oil shipping trade volume in the first half of the year, the MR market showed resilience in Q3, driven by strong gasoline demand in Asia-Pacific and the U.S. West Coast, along with a significant increase in China's export volume [2][5] - The VLCC and refined oil tanker markets have seen an upward trend since August, benefiting from increased refinery exports and delayed maintenance in Middle Eastern refineries [2][6] Company Performance - In the first three quarters of 2025, 招商南油 reported revenue of 4.268 billion yuan, a decrease of 14.77% year-on-year, and a net profit of 947 million yuan, down 42.87% year-on-year [3] - Q3 revenue was 1.497 billion yuan, an increase of 1.1% year-on-year, while net profit decreased by 13.47% to 377 million yuan [3] - The gross profit from crude oil transportation increased by 6.9% to 513 million yuan, while the gross profit from refined oil transportation decreased by 48.5% to 575 million yuan [3] Market Trends and Future Outlook - The refined oil shipping market is expected to maintain a steady performance in Q4, supported by seasonal demand in the U.S. and increased exports from China [8] - The VLCC market's soaring freight rates are expected to drive up the refined oil tanker market [9] - For 2026, a slight growth in refined oil trade demand is anticipated, but increased new capacity and aging fleets may lead to higher scrapping rates [11] Operational Efficiency - The company's refined oil team operates at a significantly higher efficiency than market levels, outperforming regional indices and achieving better operational results [4][12] - The company has a fleet of 303 vessels and has successfully capitalized on market opportunities through scaled operations [12] Shareholder Returns and Financial Strategy - The company plans to utilize capital reserves to offset previous losses, aiming for improved shareholder returns through share buybacks and future profit distributions [13][14] - A total of 250 million yuan has been allocated for share repurchases, with plans to increase this to 400 million yuan [13] - The company is committed to enhancing shareholder returns and maintaining stable profitability and cash flow [15] Recommendations for Investors - Investors are encouraged to monitor the company's operational performance and improvements in shareholder returns, as it is positioned as a key player in the shipping sector [17]

融通中证诚通央企红利ETF（159336）成立日期2025年1月22日，最新规模7.47亿。成立以来收益 14.75%。 融通中证诚通央企红利ETF（159336）基金经理为蔡志伟、吕寒。 10月30日，中远海特涨5.2%，截至发稿，报7.48元/股，成交9335.10万元，换手率0.52%，总市值205.25 亿元。 资料显示，中远海运特种运输股份有限公司位于广东省广州市天河区珠江新城花城大道20号广州远洋大 厦15-26楼，成立日期1999年12月8日，上市日期2002年4月18日，公司主营业务涉及承担国际间海上 客、货运输业务、接受国内外货主订舱、承租、期租船舶业务、承办租赁、建造、买卖船舶、集装箱及 其维修和备件制造业务。主营业务收入构成为：航运业务94.19%，其他(补充)5.81%。 从基金十大重仓股角度 数据显示，融通基金旗下1只基金重仓中远海特。融通中证诚通央企红利ETF（159336）三季度增持 192.44万股，持有股数300.58万股，占基金净值比例为2.69%，位居第六大重仓股。根据测算，今日浮 盈赚取约111.22万元。 责任编辑：小浪快报 截至发稿，蔡志伟累计任职时间10年265天 ...

Core Viewpoint - The shipping sector showed strength in early trading, particularly in the oil transportation segment, with significant gains in stock prices for major companies [1] Group 1: Industry Performance - The shipping sector experienced a strong performance, with the oil transportation segment leading the gains [1] - The West African Marlonge/Jeno-China Ningbo (260,000MT) Very Large Crude Carrier (VLCC) freight index rose to 98.88 WS on October 29, marking a daily increase of 6.51%, a weekly increase of 10.01%, and a monthly increase of 6.68% [1] Group 2: Company Highlights - China Merchants Energy Shipping Company (招商轮船) reached its daily limit up, indicating strong investor interest [1] - Other companies in the sector, including COSCO Shipping Energy Transportation (中远海能), China Merchants Jinling Shipyard (招商南油), COSCO Shipping Specialized Carriers (中远海特), and Air China Ocean Shipping (国航远洋), also saw their stock prices rise [1]