Core Viewpoint - The Ministry of Transport of China has made significant progress in the internationalization of transportation standards since the 14th Five-Year Plan, enhancing the integration of Chinese technology into the international standard system [1][3]. Group 1: International Standards Development - China has published 18 international standards in the field of railway track quality detection, with another 18 standards in the process of being developed [3]. - A total of 28 international standard proposals have been submitted, which has effectively promoted the integration of Chinese technology into the international standard system [3]. - Over 550 transportation standards have been published in foreign languages, with 125 multilingual standards specifically aimed at supporting the Belt and Road Initiative [3]. Group 2: Port Standardization - The construction of a safe, green, intelligent, and efficient port standard system is being accelerated, which will facilitate the development of a global port collaboration network [7]. - A comprehensive set of advanced and practical technical achievements has been established in port construction and operation, focusing on safety, green practices, intelligence, and efficiency [9]. Group 3: Energy Integration in Transportation - The installed capacity of clean energy in national transportation infrastructure has exceeded 890,000 kilowatts, with 35,000 charging piles and approximately 51,000 charging parking spaces established [10]. - The proportion of new energy city buses has reached 77.6%, and over 430 clean energy vessels have been built or are under construction [10]. - The Ministry of Transport plans to enhance the integration of transportation and energy infrastructure, promoting the application of new energy vehicles across various sectors [12].

【导读】贵金属板块早盘走强，创新药概念震荡拉升 中国基金报记者李智 一起来看下最新的市场情况及资讯。 5月21日，A股三大指数开盘涨跌不一，截至发稿，沪指涨0.13%，深成指涨0.08%，创业板指涨0.33%。 板块上来看，贵金属板块早盘走强，创新药概念股震荡拉升，电力、煤炭、港口等概念股表现活跃；而教育、工业机械、餐饮旅游等 板块震荡调整。 5月21日，央行开展1570亿元7天逆回购操作，操作利率为1.40%，与此前持平。因今日有920亿元7期逆回购到期，实现净投放650亿 元。 港股方面，三大指数悉数上涨，理想汽车、阅文集团、哔哩哔哩等涨超2%。 创新药概念股震荡拉升 创新药概念股震荡拉升，舒泰神、三生国健均实现20CM涨停，赛升药业、康乐卫士、睿智医药等跟涨。 | 名称 | 现价 | 涨跌幅 ▼ | 成交量 | 换手率 | 而智學 | 总市值 | | --- | --- | --- | --- | --- | --- | --- | | 舒泰神 | 14.15 | 20.02% | 3383万 | 7.17% | -47.1 | 681Z | | 三生国健 | 47.24 | 19.99% | 786万 ...

Core Insights - The modernization of Rizhao Port is transforming it into a highly efficient automated port, significantly increasing cargo throughput and optimizing operational efficiency [1][6] - The port's innovative open design contrasts with the global trend of vertical closed automated terminals, resulting in a 70% reduction in comprehensive costs [3][4] - The integration of advanced technologies such as remote-controlled cranes and autonomous vehicles is enhancing operational efficiency and reducing labor costs [6][8] Group 1: Automation and Efficiency - The automated terminal at Rizhao Port has achieved a 50% increase in average efficiency per machine and an 80% reduction in labor costs [6] - The port handled a total cargo throughput of 552 million tons in 2024, marking a 5.7% year-on-year increase, while container throughput reached 6.71 million TEUs, up 11.8% [6] - The implementation of a remote control system allows a single operator to manage up to 10 devices simultaneously, significantly increasing productivity [8] Group 2: Innovative Design - Rizhao Port's open design allows both social and autonomous vehicles to access the terminal, avoiding the need for costly infrastructure redevelopment [3][4] - This design choice enables the port to maintain its existing logistics framework while integrating automation, thus avoiding disruption to operations [4] Group 3: Technological Advancements - The port is leveraging AI and 5G technology to enhance operational stability and efficiency, including the development of a private cloud platform for resource management [9][11] - A dual-redundancy network has been established to ensure stable communication for autonomous vehicles, enhancing operational reliability [11] Group 4: Talent Transformation - The shift towards automation is transforming the workforce from reliance on manual labor to a focus on technical skills, with traditional drivers transitioning to roles as system monitors and equipment operators [8][12] - The average age of the technical team is in their 30s, reflecting a younger, tech-savvy workforce dedicated to advancing the port's technological capabilities [12]

行业研究 证 券 研 究 报 告 华创交运|红利资产月报（2025 年 5 月） 收费公路管理条例预备修订，关税调整下港 推荐（维持） 口交易活跃 交通运输 2025 年 05 月 20 日 邮箱：luhaomin@hcyjs.com 执业编号：S0360524090001 华创证券研究所 证券分析师：吴一凡 电话：021-20572539 邮箱：wuyifan@hcyjs.com 执业编号：S0360516090002 证券分析师：梁婉怡 邮箱：liangwanyi@hcyjs.com 执业编号：S0360523080001 证券分析师：吴晨玥 邮箱：wuchenyue@hcyjs.com 执业编号：S0360523070001 证券分析师：霍鹏浩 邮箱：huopenghao@hcyjs.com 执业编号：S0360524030001 证券分析师：卢浩敏 联系人：李清影 邮箱：liqingying@hcyjs.com 行业基本数据 | | | 占比% | | --- | --- | --- | | 股票家数(只) | 122 | 0.02 | | 总市值(亿元) | 33,240.61 | 3.34 | | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 1.本次解除限售股份数量为913,758,995股，占深圳市盐田港股份有限公司（以下简称"公司"）总股本的 17.57%，系公司发行股份及支付现金购买资产并募集配套资金项目中就募集配套资金向特定对象发行 的人民币普通股； 2.本次申请解除股份限售的发行对象共8名，发行时承诺的限售期为6个月； 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，不存在虚 假记载、误导性陈述或重 大遗漏。 本次向特定对象发行股份募集配套资金之具体发行情况如下： 特别提示： ■ 二、本次限售股形成后至今公司股本数量变化情况 本次向特定对象发行股份募集配套资金完成后，公司的总股本为5,199,483,346股。本次限售股形成后至 今，公司未进行过送股、公积金转增股本等事项，股本数量未发生变化。 3.本次限售股份可上市流通日为2025年5月23日。 一、本次申请解除限售股份的基本情况 根据中国证券监督管理委员会《关于同意深圳市盐田港股份有限公司发行股份购买资产并募集配套资金 注册的批复》（证监许可〔2023〕2725号），公司向特定对象发行人民币普通股（A股）913,758,99 ...

Brain-Computer Interface (BCI) - The Beijing Tiantan Hospital has established a clinical and translational ward for brain-computer interface technology, marking the first clinical application of BCI in China. The ward will conduct clinical trials and promote the transformation of scientific research into practical applications [1] - BCI technology is recognized as a key core technology for human-machine interaction and is being developed in various fields including bionics, medical diagnosis, and consumer electronics. The Ministry of Industry and Information Technology has outlined plans to advance BCI technology and products [1] - McKinsey predicts that the global BCI industry could generate up to $200 billion in economic value over the next 10-20 years [1] IPv6 - The Chinese government has set goals for IPv6 deployment by the end of 2025, aiming for 850 million active users and 1.1 billion IoT IPv6 connections. The share of IPv6 traffic in fixed networks is expected to reach 27%, while mobile networks will exceed 70% [2] - The IPv6 market is expected to grow rapidly, driven by policies, technology, and demand, with significant investment opportunities across the industry chain [3] - By 2025, the global number of IPv6 device connections is projected to exceed 7.5 billion, with China's IPv6+ IoT market expected to surpass 250 billion yuan [3] Genetically Modified Organisms (GMO) - The Beijing Tongzhou International Seed Industry Science and Technology Park will hold a launch event for the "Jingbanxin 1.0" project, focusing on tomato breeding using solid-phase gene chip technology, which has been dominated by foreign companies [3] - The project aims to enhance China's self-sufficiency in seed technology and reduce reliance on foreign technology, addressing high research costs and technological constraints [4] - The gene chip market is in a growth phase, with China expected to become the second-largest market globally by 2030, supported by technological breakthroughs and favorable policies [4] Macro and Industry News - China dominates the global shipping industry, with eight of the top ten ports for cargo and six for container throughput located in the country [5] - Government bond issuance is accelerating, with a 17.7% year-on-year increase in national government fund budget expenditures from January to April [6] - A new high-proportion renewable energy grid control system has been developed in China, addressing the challenge of integrating large-scale renewable energy into the grid [7] - The National Development and Reform Commission plans to enhance policies for consumer goods replacement and large-scale equipment updates, with a focus on fixed asset investment projects in energy and high-tech sectors [7]

Core Viewpoint - The announcement details the adjustments to the conversion price of the "Beigang Convertible Bonds" issued by Beibu Gulf Port Co., Ltd. due to various corporate actions such as profit distribution and capital increases [1][2][3]. Summary by Sections 1. Adjustment Regulations - The company outlines the formula for adjusting the conversion price based on stock dividends, capital increases, new share issuances, and cash dividends [1][2]. 2. Historical Adjustment Records - Initial conversion price was set at 8.35 CNY/share, with adjustments made on the following dates: - May 20, 2022: Adjusted to 8.17 CNY/share after a cash dividend of 1.84 CNY per 10 shares [2]. - May 17, 2023: Adjusted to 8.00 CNY/share after a cash dividend of 1.73 CNY per 10 shares [3]. - May 13, 2024: Adjusted to 7.80 CNY/share following a new share issuance at 7.12 CNY/share [4]. - June 6, 2024: Adjusted to 7.60 CNY/share after a cash dividend distribution [4]. - November 15, 2024: Adjusted to 7.59 CNY/share due to share buybacks [5]. - November 22, 2024: Adjusted to 7.44 CNY/share after a cash dividend of 1.510004 CNY per 10 shares [5]. 3. Current Adjustment Reason and Result - The company plans to distribute a cash dividend of 0.469999 CNY per 10 shares based on a total share capital of 2,326,137,868 shares, leading to an adjustment of the conversion price from 7.44 CNY/share to 7.39 CNY/share effective from May 28, 2025 [6].

特别提示： 限公司（以下简称"公司"）总股本的 17.57%，系公司发行股份及支付现 金购买资产并募集配套资金项目中就募集配套资金向特定对象发行的人 民币普通股； 一、本次申请解除限售股份的基本情况 伙） 根据中国证券监督管理委员会《关于同意深圳市盐田港股份有限公司 发行股份购买资产并募集配套资金注册的批复》（证监许可〔2023〕2725 号），公司向特定对象发行人民币普通股（A 股）913,758,995 股募集配套 资金，本次发行的股票已于 2024 年 11 月 18 日在深圳证券交易所上市， 本次发行新增股份的性质为有限售条件流通股，自上市之日起 6 个月内不 得转让。具体内容详见公司于 2024 年 11 月 15 日刊载在巨潮资讯网 （www.cninfo.com.cn）的相关公告。 本次向特定对象发行股份募集配套资金之具体发行情况如下： 获配股数 限售期 国新建源股权投资基金（成都）合伙企 业（有限合伙） 工银资本管理有限公司－北京诚通工 融股权投资基金（有限合伙） 赣州发展投资基金管理有限公司－赣 | 合计 | 913,758,995 | | 913,758,995 17.57% | | | ...

Core Viewpoint - The company announced its profit distribution plan for the year 2024, detailing a cash dividend of 0.469999 yuan per 10 shares based on a total share capital of 2.326 billion shares [1] Summary by Relevant Sections - **Profit Distribution Plan** - The profit distribution plan involves a cash dividend of 0.469999 yuan (including tax) for every 10 shares held [1] - The total share capital considered for this distribution is 2.326 billion shares [1] - **Key Dates** - The record date for shareholders to be eligible for the dividend is May 27, 2025 [1] - The ex-dividend date is set for May 28, 2025 [1] - **Dividend Payment Process** - The cash dividends will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the record date [1] - The dividends will be directly credited to the shareholders' accounts through their securities companies or other custodial institutions on the ex-dividend date [1]

Core Points - The establishment of the ISO Technical Committee for Port and Terminal Standardization is a significant milestone for China's transportation sector, marking the first global focus on port terminal standardization since ISO's inception [1][2] - The unified standards for ports are expected to enhance global logistics efficiency by reducing technical barriers and facilitating the flow of ships, goods, and information across different countries and regions [1] - The initiative aims to promote sustainable development and high-efficiency collaboration in port operations, ultimately contributing to the global port development network [1] Group 1 - The ISO Technical Committee for Port and Terminal Standardization was approved on January 18, 2025, and its secretariat is based in China, highlighting China's leadership in international standardization efforts [1] - The committee's establishment is expected to improve the adaptability of ships across various ports, thereby facilitating trade and reducing operational costs [1][2] - The Ministry of Transport has been enhancing port standardization efforts, focusing on safety, efficiency, and environmental impact through the development of mandatory national standards [2] Group 2 - The Ministry of Transport aims to leverage standardization to foster high-tech innovation, open up to international markets, and enhance the overall competitiveness of ports [2] - Specific standards are being developed for blockchain technology applications, logistics data exchange, and remote control of equipment to accelerate the digital transformation of ports [2] - The initiative also includes standards for shore power applications and carbon emission accounting, promoting a green and low-carbon transition in port operations [2]