2025年10月31日 集运日报 (航运研究小组) 中美经贸磋商达成部分共识，利好国际贸易环境，盘面震荡向上，符合日报反弹预期，不建议加仓，设置好止损。 | SCFIS、NCFI运价指数 | | | --- | --- | | 10月27日 | 10月24日 | | 上海出口集装箱结算运价指数SCFIS（欧洲航线）1312.71点，较上期上涨15.1% | 宁波出口集装箱运价指数NCFI（综合指数）977.21点，较上期上涨2.17% | | 上海出口集装箱结算运价指数SCFIS（美西航线）1107.32点，较上期上涨28.2% | 宁波出口集装箱运价指数NCFI（欧洲航线）822.3点，较上期上涨2.38% | | 10月24日 | 宁波出口集装箱运价指数NCFI（美西航线）1293.75点，较上期上涨3.13% | | 上海出口集装箱运价指数SCFI公布价格1403.46点，较上期上涨 93.14点 | 10月24日 | | 上海出口集装箱运价指数SCFI欧线价格1246USD/TEU, 较上期上涨8.8% | 中国出口集装箱运价指数CCFI（综合指数）992.74点，较上期上涨2.0% | | 上海出口 ...

航运日报 | 2025-10-31 芬太尼关税下降10%，关注是否有船司发布11月下半月涨价 函 市场分析 线上报价方面。 Gemini Cooperation：马士基上海-鹿特丹45周报价1425/2380，46周报价1325/2210；HPL -SPOT 11月上半月价格 1335/2135，11月下半月船期报价1735/2835。 MSC+Premier Alliance：MSC 11月上半月船期报价1365/2265；ONE 11月上半月船期报价1365/2135，11月下半月 船期1625/2535；HMM上海-鹿特丹11月上半月船期报价1118/1806; YML 11/01-11/14 报价1075/1900。 Ocean Alliance：CMA 上海-鹿特丹11月上半月船期报价1460/2520，11月下半月船期报价1820/3231；EMC 11月上 半月船期报价1655/2510；OOCL 11月上半月船期价格介于2100-2300美元/FEU之间。 地缘端：哈马斯：将于周四交出两名以色列人质的遗体。 动态供给：中国-欧基港10月份剩余1周周均运力32.41万TEU，WEEK44周运力分 ...

2025年10月30日，中远海控(601919.SH;01919.HK)披露2025年第三季度业绩报告。前三季度公司实现归 属于上市公司股东的净利润270.70亿元，其中第三季度净利润95.33亿元，环比增长63.20%，在全球航 运市场波动与地缘政治挑战中展现出强劲盈利能力。 报告期内，中远海控的集装箱航运业务和码头业务双主业协同发力，全球化布局深化，实现稳健发展。 运力方面，截至9月底，中远海控自营船队572艘、总运力349.7万TEU，较年初增长5.4%，平均船龄 13.9年。公司未来三年仍有57艘新造船订单在手，合计运力约101万TEU，其中甲醇双燃料新船42艘、 合计78万TEU，标志着绿色船队建设进入加速期。 码头业务保持稳步增长。前三季度实现收入89.25亿元，同比增长12.35%。中远海运港口总吞吐量达 11,327.75万标准箱，同比增长5.6%，其中控股码头吞吐量2,504.28万标准箱，参股码头8,823.47万标准 箱。区域方面，环渤海、珠三角及海外码头贡献突出，分别占比35%、20%和24%。公司持续强化关键 枢纽建设，重点提升CSP武汉码头、比雷埃夫斯码头与阿布扎比码头能级，推进C ...

Core Viewpoint - Shenghang Co., Ltd. is a leading domestic liquid chemical shipping company, facing challenges in revenue and profit performance in 2025, with significant declines in both metrics compared to previous periods [2][6]. Group 1: Company Overview - Shenghang Co., Ltd. was established on November 7, 1994, and listed on the Shenzhen Stock Exchange on May 13, 2021, with its registered and office address in Jiangsu [1]. - The company operates in the domestic coastal and Yangtze River shipping of liquid chemicals and refined oil, classified under the transportation industry [1]. Group 2: Financial Performance - For Q3 2025, Shenghang reported revenue of 1.079 billion yuan, ranking 16th out of 19 in the industry, significantly lower than the industry leaders, with the top competitor, COSCO Shipping Holdings, reporting 167.599 billion yuan [2]. - The net profit for the same period was 77.413 million yuan, also ranking 16th, and was substantially lower than the industry average of 246.1 million yuan [2]. - The company experienced a 4.5% year-on-year decline in revenue and a 45.6% drop in net profit for the first three quarters of 2025 [6]. Group 3: Financial Ratios - As of Q3 2025, Shenghang's debt-to-asset ratio was 50.04%, higher than the industry average of 39.10%, but down from 59.44% in the previous year [3]. - The gross profit margin was reported at 23.41%, exceeding the industry average of 20.65%, although it decreased from 27.61% in the previous year [3]. Group 4: Management and Shareholder Information - The total compensation for General Manager Li Guanghong was 2.4835 million yuan in 2024, an increase of 226,000 yuan from 2023 [4]. - As of September 30, 2025, the number of A-share shareholders decreased by 9.62% to 13,500, while the average number of shares held per shareholder increased by 10.70% [5]. Group 5: Future Outlook - The company is expanding its capacity in the chemical and refined oil sectors through various means, including replacing older vessels with new builds [6]. - National Securities has revised its profit forecasts for Shenghang for 2025-2027, predicting net profits of 80 million yuan, 100 million yuan, and 120 million yuan, respectively [6].

Core Viewpoint - Xingtong Co., Ltd. is a leading company in the coastal bulk liquid hazardous goods transportation sector in China, focusing on maritime transport of liquid chemicals, refined oil, and liquefied petroleum gas, with a full industry chain service capability [1] Group 1: Business Performance - In Q3 2025, Xingtong's revenue was 1.183 billion yuan, ranking 15th in the industry, significantly lower than the top players, COSCO Shipping Holdings at 167.599 billion yuan and COSCO Shipping Energy at 19.566 billion yuan, and below the industry average of 14.92 billion yuan [2] - The net profit for the same period was 198 million yuan, ranking 14th in the industry, again far behind COSCO Shipping Holdings at 30.786 billion yuan and China Merchants Energy at 3.343 billion yuan, and below the industry average of 2.461 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Xingtong's debt-to-asset ratio was 36.02%, slightly down from 36.67% in the previous year and lower than the industry average of 39.10%, indicating stable debt repayment capability [3] - The gross profit margin for the same period was 28.22%, down from 36.90% year-on-year but still above the industry average of 20.65%, suggesting a competitive edge in profitability [3] Group 3: Executive Compensation - The chairman, Chen Xingming, received a salary of 1.0331 million yuan in 2024, an increase of 22,000 yuan from 2023 [4] - The general manager, Chen Qilong, earned 2.444 million yuan in 2024, up by 500,000 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 35.34% to 17,200, while the average number of circulating A-shares held per shareholder increased by 54.66% to 16,300 [5] - The exit of a major shareholder, the Bank of Communications New Life Flexible Allocation Mixed A, from the top ten circulating shareholders was noted [5] Group 5: Future Outlook - Despite Q3 2025 performance being below expectations due to low refinery operating rates and declining international freight rates, there is potential for recovery in liquid chemical freight rates as the chemical industry approaches a cyclical turning point [5] - The company plans to flexibly expand its capacity, with 8 new vessels expected to be operational in 2026 and 2027 [5] - Analysts have adjusted the net profit forecasts for 2025 and 2026 to 270 million yuan and 320 million yuan, respectively, while maintaining a target price of 19.5 yuan per share, indicating a potential upside of 32.1% from the current stock price [5]

（原标题：2025金融街论坛年会闭幕 嘉宾热议变局中构建韧性合作未来） 10月30日下午，2025金融街论坛年会在京闭幕。一场围绕"全球变局下的国际经贸韧性合作"的主论坛与闭幕式融合举办。与会嘉宾共商共议全球 投资格局与发展动力，为全球和区域经贸合作及发展贡献金融智慧、注入新的动力。 主题演讲环节由国家外汇管理局副局长李斌主持，渣打集团主席罗睿思，招商局集团董事长、招商银行董事长缪建民，中国远洋海运集团有限公 司董事长万敏，中国投资有限责任公司董事长张青松，国际金融协会执行副总裁克雷·劳瑞发表主题演讲。世界银行高级常务副行长阿克塞尔·冯· 托森伯格，保尔森基金会创始人兼主席、美国财政部前部长亨利·保尔森，世界贸易组织副总干事张向晨发表视频演讲。 阿克塞尔·冯·托森伯格表示，帮助各国建设能够促进增长和创造就业的经济是世界银行的最终目标。在此背景下，世界银行将在三方面采取政策行 动，即投资于包括实体基础设施以及卫生和教育投资等在内的基础性设施建设；支持政策和监管改革，以建立一个规则清晰、政策确定的友好营 商环境；减少非关税壁垒、深化区域一体化，让国内和区域贸易更快捷，海关更简便，规则更清晰，从而实现货物自由流动， ...

Core Insights - Zhonggu Logistics (603565.SH) reported its Q3 2025 results, revealing that 56 institutional investors hold a total of 1.515 billion A-shares, accounting for 72.16% of the company's total equity [1] - The top ten institutional investors collectively hold 70.24% of the shares, with a decrease of 3.27 percentage points compared to the previous quarter [1] Institutional Holdings - The number of institutional investors holding Zhonggu Logistics shares is 56, with a total holding of 1.515 billion shares [1] - The top ten institutional investors include notable entities such as Zhonggu Shipping Group Co., Ltd. and various investment funds, indicating strong institutional interest [1] - The proportion of shares held by the top ten institutional investors has decreased by 3.27 percentage points from the last quarter [1] Public Fund Activity - In the current period, 16 public funds increased their holdings, with a total increase ratio of 0.55%, including funds like Fortune China Securities Dividend Index Enhanced A/B and Huatai-PB SSE Dividend ETF [2] - Conversely, 13 public funds reduced their holdings, with a decrease ratio of 0.11%, including funds like Wanji China Securities Dividend ETF and GF China Securities Smart Selection High Dividend Strategy ETF [2] - A total of 14 new public funds were disclosed this period, while 388 public funds were not disclosed compared to the previous quarter [2] Foreign Investment Trends - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings, indicating a slight uptick in foreign investment interest [2]

中远海控于10月份发布2025年第二轮回购方案，计划回购A股股份数量总额为5000万股至1亿股，H股股 份回购将在股东大会一般性授权框架下实施。该公司2025年中期派息已完成，派发现金红利86.74亿元 (含税)。 今年前三季度，中远海控坚持稳中有进的主基调，积极推动"集装箱航运+港口+相关物流"一体化运 营，全球化布局实现新突破，数字化供应链与绿色低碳转型双轮并进，在市场变局中铸就了发展韧性。 本报讯(记者李乔宇)10月30日晚间，中远海运控股股份有限公司(以下简称"中远海控（601919）")披露 2025年第三季度报告。今年前三季度，中远海控实现营业收入1675.99亿元，实现息税前利润 (EBIT)391.64亿元，实现利润总额368.95亿元，实现归属于上市公司股东的净利润为270.70亿元。其 中，第三季度，中远海控实现归属于上市公司股东的净利润为95.33亿元，环比二季度增长63.20%。 前三季度，中远海控主营业务保持韧性发展。其中，该公司集装箱航运业务实现收入1610.31亿元，息 税前利润率为20.65%；码头业务实现收入89.25亿元，同比增长12.35%。 前三季度，中远海控经营活动产 ...

10月31日，广西北海市铁山港区生产景象。摄影/章轲 2024年，我国海洋经济发展示范区创新探索更加深入。16个海洋经济发展示范区立足自身优势，围绕主 要示范任务在推动海洋经济高质量发展方面取得了明显成效。天津建成国内首条全国产的海水淡化生产 线，威海沙窝岛国家远洋渔业基地远洋自捕水产品回运率达到90%以上，日照海铁联运班列总数达到38 条，青岛蓝谷发布千亿级参数"瀚海星云"大模型，连云港开行中欧班列911列、增长13%，盐城获评"生 物多样性100+全球特别推荐案例"，上海崇明自主建造的全球首款、中国首制江海直达型1.4万立方米 LNG加注运输船成功交付。 最新数据显示，2024年全国海洋生产总值达到10.5万亿元，海洋经济规模持续扩大。 第一财经记者从自然资源部了解到，近年来，我国海洋产业结构加快调整，海洋科技创新能力显著增 强，海洋资源集约节约利用水平不断提升，海洋生态保护修复及预警监测工作取得成效，海洋经济对外 开放合作不断深化。 国家发展改革委、自然资源部日前发布的《中国海洋经济发展报告2025》（下称《报告》）称，2024 年，沿海各地方深入挖掘海洋资源潜力，持续激发海洋经济活力，推动区域海洋经济 ...

2025年10月31日 MACD金叉信号形成，这些股涨势不错！ 责任编辑：杨赐 标的指数成份股涨幅 TOP20 标普中国 A 股红利机会指数(CSPSADRP) | 序号 | 代理 | 简称 | 車日涨幅 | 年内涨幅 | 股息率(近12个 | | --- | --- | --- | --- | --- | --- | | | | | (%) | (%) | 月) (%) | | 1 | 600026.SH | 中远海能 | 8.76 | 19.08 | 2.77 | | 2 | 601598.SH | 中国外运 | 7.40 | 31.14 | 4.28 | | 3 | 600066.SH | 宇通客车 | 5.54 | 29.02 | 6.21 | | ব | 603408.SH | 建霖家居 | 4.37 | 1.56 | 5.99 | | 5 | 600219.SH | 南山铝业 | 3.94 | 25.81 | 3.57 | | 6 | 603365 SH | 水星家纺 | 3.61 | 35.45 | 4.24 | | 7 | 601187.SH | 厦门银行 | 3.09 | 27.23 | 4 ...