凤凰航运（武汉）股份有限公司 证券代码：000520 证券简称：凤凰航运 公告编号：2025-023 凤凰航运（武汉）股份有限公司 凤凰航运（武汉）股份有限公司董事会 第九届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、会议召开情况 凤凰航运（武汉）股份有限公司（以下简称"公司"）于 2025 年 7 月 25 日通过微信发出第九届董事会第十九次会议通知，并于 7 月 31 日以通讯方式召 开。本次会议由董事长王岩科主持召开，会议应到董事 7 名，实到董事 7 名，本 次会议实际表决票 7 票。公司全部监事和高管人员列席了会议。 根据《深圳证券交易所股票上市规则》、《公司章程》、《深圳证券交易 所上市公司自律监管指引第 1 号——主板上市公司规范运作》等规定，该议 案无需提交公司股东大会审议。 二、会议审议情况 经参会董事审议，作出以下决议： （一）审议通过了《关于公司及全资孙公司为下属机构提供担保的议案》 经本次董事会议审议，公司同意拟为下属机构提供担保。具体内容详见同日 刊登于《上海证券报》和巨潮资讯网（http://ww ...

Summary of Key Points Core Viewpoint - The announcement details a guarantee provided by Phoenix Shipping (Wuhan) Co., Ltd. for its wholly-owned subsidiary Shanghai Huatai Shipping Co., Ltd. regarding the leasing of the "Shunhua" vessel to Ningbo Changhang New Phoenix Logistics Co., Ltd. The lease period is extended until September 30, 2030, with an increase in monthly rent starting August 1, 2025. Group 1: Guarantee Details - The lease period for the "Shunhua" vessel is from December 31, 2023, to September 30, 2030, with a monthly rent increase from 420,000 RMB to 445,000 RMB starting August 1, 2025 [2][7]. - The guarantee falls within the consolidated financial statements and has undergone internal approval processes, requiring board review but not shareholder approval [2][7]. Group 2: Company Information - Phoenix Shipping (Wuhan) Co., Ltd. has a registered capital of 1,012.083455 billion RMB and is located in Wuhan [2]. - As of June 30, 2025, the estimated total assets of Shanghai Huatai Shipping Co., Ltd. are 700.08 million RMB, with total liabilities of 240.46 million RMB and net assets of 460.62 million RMB [2][3]. - The expected revenue for the first half of 2025 is 440.77 million RMB, with a net profit of 1.68 million RMB [2]. Group 3: Subsidiary Information - Shanghai Huatai Shipping Co., Ltd. has a registered capital of 30 million RMB and is located in Shanghai [3]. - The estimated total assets of Ningbo Changhang New Phoenix Logistics Co., Ltd. are 79.13 million RMB, with total liabilities of 50.84 million RMB and net assets of 28.29 million RMB [4][5]. - The expected revenue for 2024 is 19.39 million RMB, with a net profit of 1.73 million RMB [4]. Group 4: Impact and Current Guarantees - The guarantee is expected to facilitate business operations, is deemed controllable in terms of risk, and does not harm the interests of the company or its shareholders [7]. - The total amount of external guarantees provided by the company and its subsidiaries is 10 million RMB, with a total guarantee balance of 40 million RMB, representing 8.7% of the latest audited net assets [7].

Core Insights - The Baltic Dry Index has shown a significant monthly increase of 34%, marking its best performance since February [1] - The Capesize vessel index rose by 53 points or 1.7%, reaching 3239 points, with daily earnings increasing by $436 to $26,858 [1] - The Panamax index decreased by 30 points or 1.8%, settling at 1659 points, despite a monthly increase of 10.6% [1] - The Supramax index fell by 3 points or 0.2%, reaching its lowest level since mid-July at 1268 points [1]

证券日报网讯7月31日晚间，凤凰航运（000520）发布公告称，截至本公告披露日，公司及控股子公司 的实际对外担保额度总金额为1，000万元(不含本次担保)；其中公司为下属机构担保总额为1，000万 元。公司及控股子公司实际担保总余额为4，000万元(含本次担保)，占最近一期经审计净资产的8.7%， 无逾期担保及诉讼事项。 ...

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View of the Report Under the suppression of high capacity, as demand gradually enters the off - season, freight rates will be under pressure in the future [1]. 3) Summary According to Related Catalogs EC Futures Contracts - EC2508 closed at 2139.0 with a 1.33% increase, volume of 1302, and a decrease of 329 in open interest [1]. - EC2510 closed at 1468.7 with a 0.60% increase, volume of 66330, and an increase of 4148 in open interest [1]. - EC2512 closed at 1738.0 with a 0.17% increase, volume of 5748, and an increase of 374 in open interest [1]. - EC2602 closed at 1532.0 with a 0.70% increase, volume of 1400, and a decrease of 27 in open interest [1]. - EC2604 closed at 1386.1 with a 1.18% increase, volume of 1782, and an increase of 160 in open interest [1]. - EC2606 closed at 1514.2 with a 0.62% increase, volume of 153, and an increase of 14 in open interest [1]. Month - to - Month Spreads - EC2508 - 2510 spread was 670.3, compared to 651.0 the previous day and 680.4 two days ago [1]. - EC2510 - 2512 spread was - 269.3, compared to - 275.0 the previous day and - 235.0 two days ago [1]. - EC2512 - 2602 spread was 206.0, compared to 213.7 the previous day and 196.8 two days ago [1]. Spot and Index Data - SCHIS on 2025/7/28 was 2316.56, with a - 3.50% decrease from the previous period [1]. - SCFI on 2025/7/25 was 2090 dollars/TEU, with a 0.53% increase from the previous period [1]. - CCFI (European Line) on 2025/7/25 was 1787.24, with a - 0.90% decrease from the previous period [1]. - NCFI on 2025/7/25 was 1422.9, with a - 1.20% decrease from the previous period [1]. - TCI on 2025/7/18 was 1054.56, with a - 0.75% decrease from the previous period [1]. European Line Supply and Demand - In August and September (temporarily), the average weekly capacity is 325,000 and 324,000 TEU respectively. The capacity in week32/33/34/35 is 330,000, 305,000, 350,000, and 316,000 TEU respectively, with high capacity pressure, especially in the second half of August [1]. - There is a transfer of capacity from the US line to the European line in the schedule. Supported by the minimum cargo volume of shipping companies, the loading rate of shipping companies in late July was not under great pressure. There is still some support from the minimum cargo volume in the first half of August, with MSK having good cargo intake and OA and PA being relatively average. Overall, the cargo volume is gradually weakening and entering the off - season [1]. Recent European Line Quotation - Downstream is currently booking space for early August (week31 - 32). The price remained stable in July, around 2400 points. In week32 of August, it landed at about 3300 dollars (equivalent to 2300 points). MSK quoted 2800 dollars for week33, and other shipping companies mainly followed the previous quotes [2]. Week33 Changes - On Tuesday, HPL reduced the price by 200 to 3100 dollars. MSK opened at 2800 dollars and then raised it to 2860 dollars [3]. - On Wednesday, MSC reduced the price by 300 to 3340 dollars, and OOCL reduced the price by 200 to 3200 - 3300 dollars [3]. Related News - On 7/31, the Israeli Ministry of Foreign Affairs rejected the Canadian Prime Minister's statement about planning to recognize the State of Palestine, stating that Canada's change of stance at this time is a reward for Hamas [4]. - On 7/31, a US White House official said that Trump believes recognizing the State of Palestine would be a reward for Hamas and he does not think they should be rewarded [4]. - On 7/31, Trump announced a trade agreement with South Korea, including a 15% tariff and a 350 - billion - dollar investment [4].

Core Viewpoint - The planned sale of 43 ports, including the Panama Canal, by Li Ka-shing's CK Hutchison Holdings to BlackRock faced unexpected intervention from the Chinese government, highlighting the strategic importance of this transaction in the context of US-China relations [1][3]. Group 1: Transaction Dynamics - The transaction was initially set to be a straightforward acquisition but evolved into a significant geopolitical issue due to its implications for national interests [3][9]. - The Panama Canal is crucial for global trade, handling about 6% of maritime trade annually, with nearly 20% of China's foreign trade relying on this route [3][9]. - The Chinese government intervened, mandating that COSCO must participate in the deal, or it would be rejected outright [3][5]. Group 2: Strategic Adjustments - Following the intervention, CK Hutchison announced three key changes: the end of exclusive negotiations with BlackRock, an invitation for Chinese investors to participate, and the necessity for regulatory approval [3][5]. - COSCO is expected to acquire 30%-35% of the shares and hold veto power over critical operational matters [5]. Group 3: Implications for Li Ka-shing - This situation represents a significant turning point for Li Ka-shing, who must now navigate the balance between commercial interests and national priorities [7][11]. - The incident reflects a broader challenge faced by many multinational Chinese businesses, as they encounter political resistance in major transactions [7][11]. Group 4: US-China Relations - The transaction illustrates a new phase in US-China relations, where capital operations are used to control key infrastructure, while China employs market rules and regulatory power to counteract this [9][11]. - The potential for joint management of strategic ports by US and Chinese companies may emerge, mitigating risks of complete US control and preventing transaction failure [9]. Group 5: Lessons for Entrepreneurs - The event serves as a reminder for entrepreneurs that as business scales, it inevitably intersects with national interests [11]. - Successful entrepreneurs must find a balance between commercial value and social responsibility, recognizing the importance of national interests in their decision-making processes [11].

Core Viewpoint - The introduction of the "Evening Departure, Morning Arrival" night ferry service from Haikou to Beihai by Hainan Strait Shipping Co., Ltd. aims to enhance travel comfort and efficiency for long-distance journeys, allowing passengers to rest during transit and arrive at their destination refreshed [1][2]. Group 1: Service Features - The ferry service has been upgraded since April, featuring two vessels, "Princess Chang Le" and "Wanrong Hai," operating daily fixed schedules, providing a convenient transportation option [2]. - The "Princess Chang Le" offers luxurious accommodations, including sea-view suites and rooms equipped with independent bathrooms and luggage storage, ensuring a comfortable travel experience [2]. - The vessel is designed with advanced stabilizing fins for smooth sailing and noise control, allowing passengers to enjoy a peaceful sleeping environment [2]. Group 2: Economic and Travel Benefits - The night ferry service presents significant advantages in terms of time and cost compared to land routes or expensive airfares, saving travelers both daytime hours and accommodation expenses [3]. - To attract more passengers, the company has introduced limited-time promotional ticket prices from April 25 to October 31, alongside a tourism consumption voucher program in Hainan, distributing 40 million yuan to further reduce travel costs [3]. - The new night route is transforming the tourism landscape between Hainan and Guangxi, enabling a seamless travel experience that connects multiple destinations in a short time [3]. Group 3: Future Developments - Future plans include adding an entertainment stage and marine education area on the eighth deck, aiming to create a "mobile cultural tourism complex" that enhances the travel experience [2]. - The ongoing service upgrades and regional cooperation are expected to inject new vitality into the tourism economy of Hainan and Guangxi, positioning the night ferry as a new highlight in the tourism sector [3].

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong 100 Industrial Index, which has seen significant increases over various time frames, including a 21.24% rise in the past month and a 25.30% rise in the past three months [1] - The index is categorized based on the China Securities industry classification standards, with a base date of December 31, 2004, and a base point of 1000.0 [1] - The index is fully composed of securities listed on the Hong Kong Stock Exchange, with the largest sector being express delivery, accounting for 57.94% of the index [1] Group 2 - The index samples are adjusted biannually, specifically on the next trading day following the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with provisions for temporary adjustments under special circumstances [2] - Adjustments to the index occur in response to changes in the parent index samples or significant events affecting sample companies, such as mergers or delistings [2]

2025年7月31日 第运日报 (航运研究小组) 中美经贸会议平稳结束，盘面冲高回落，近期波动较大，不建议继续加仓，设置好止损。 SCFIS. NCFI运价指数 分 字目行榜 Hou 以色列的本-古里安国际机场，导致机场运营中断。以色列国防军发表声明称，当天稍早时成功拦截了一枚由也门胡塞武装发射的弹道导弹。目前暂无人员 六中场 伤亡或财产损失的报告。 财联社7月30日电，周三的数据显示，德国经济在第二季委输了0.1%，与第一季0.4%的增长形成对比，主要原因是美国需求放缓，此前几个月由于预期美 国将提高关税，进口南大量采购德国商品。德国统计局表示，第二季的投资出现下降，但与前三个月相比，消费与政府支出则有所上升。 XL, by 地缘政治冲突事件、极端天气、外盘原油副烈波动 SCFIS与期货价格走势 上海集表相指数 SCEISBA SCHIRGE -EC2510 -EC2512 -EC2602 -EC2604 -EC2606 -SCFIS指数(石油) 12,000.00 6,100 10,000.00 5,600 5,100 8,000.00 4,600 4,100 6,000.00 3,600 3,100 4 ...

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The market of shipping derivatives shows a pattern of mixed trends with some indices declining and some contracts rising. The spot price of shipping is expected to peak at the end of July and gradually decline, and the 10 - contract focuses on the decline slope of freight rates from August to October. The recommended strategy is to short the 10 - contract on rallies and hold the 12 - 4 calendar spread [5][6][7] Group 3: Summary by Related Catalogs Freight Index - **Current and Previous Values and Changes**: The current values of Shanghai Export Container Freight Index (SCFI), China Export Container Freight Index (CCFI), SCFI - US West, SCFIS - US West, SCFI - US East, and SCFI - Northwest Europe are 1647, 1304, 2142, 1301, 3612, and 2079 respectively, with previous values of 1699, 1348, 2219, 1318, 3862, and 2068 respectively, and the corresponding percentage changes are - 3.30%, - 3.23%, - 3.50%, - 1.31%, - 6.48%, and 0.53%. The current values of SCFIS - Northwest Europe and SCFI - Mediterranean are 2316 and 2418 respectively, with previous values of 2400 and 2528 respectively, and the percentage changes are - 3.50% and - 4.35% [3] Contracts - **Current and Previous Values and Changes**: The current values of contracts EC2506, EC2508, EC2510, EC2512, EC2602, and EC2604 are 1514.2, 2139.0, 1468.7, 1738.0, 1532.0, and 1386.1 respectively, with previous values of 1504.9, 2111.0, 1460.0, 1735.0, 1521.3, and 1370.0 respectively, and the percentage changes are 0.62%, 1.33%, 0.60%, 0.17%, 0.70%, and 1.18%. The current values of EC2606, EC2508, EC2410, EC2412, EC2602, and EC2604 positions are 776, 5597, 54874, 8505, 4301, and 5267 respectively, with previous values of 762, 5926, 50726, 8131, 4328, and 5107 respectively, and the changes are 14, - 329, 4148, 374, - 27, and 160 [3] Month - Spread - **Current and Previous Values and Changes**: The current values of the 10 - 12, 12 - 2, and 12 - 4 month - spreads are - 269.3, 206.0, and 351.9 respectively, with previous values of - 275.0, 213.7, and 365.0 respectively, and the changes are 5.7, - 7.7, and - 13.1 [3] Market Situation - **Market Trend**: The market shows a pattern of mixed trends. The near - month contracts are affected by the continuous decline of the shipping company's price opening in early August, and the US - China and EU - China tariff talks may provide emotional support. The 08 contract had a limit - down opening on Wednesday morning, possibly due to the exchange's forced liquidation of over - position parts. On Thursday, the near - month contracts were strong due to the 90 - day extension of the US - China tariff negotiation [5] Spot Price - **Price Forecast**: The spot price is basically confirmed to peak at the end of July. The shipping company's price opening in early August continues the price in late July but gradually decreases. The shipping demand and loading rate at the end of July are good, but the high capacity deployment in early August weakens the effect of building a stockpiling pool. It is expected that the spot price will peak at the end of July and early August, then decline slowly until late August, after which the decline slope will increase [6] Strategy - **Investment Strategy**: Short the 10 - contract on rallies (take profit as it has pulled back recently) and hold the 12 - 4 calendar spread [7]