Group 1 - The core point of the article is that Qin Port Co., Ltd. (stock code: 03369) announced a projected total throughput of 433 million tons for the fiscal year ending December 31, 2025, representing a year-on-year growth of 4.48% [1]

Core Viewpoint - Qinhuangdao Port Co., Ltd. reported a total throughput of 433 million tons for the 12 months ending December 31, 2025, representing a year-on-year growth of 4.48% [1] Group 1: Overall Performance - The total throughput of the company reached 433 million tons, with a year-on-year increase of 4.48% [1] - The throughput at Qinhuangdao Port was 190 million tons, reflecting a growth of 3.81% year-on-year [1] - The throughput at Caofeidian Port was 136 million tons, showing a year-on-year increase of 2.74% [1] - The throughput at Huanghua Port was 107 million tons, with a significant year-on-year growth of 8.04% [1]

Core Viewpoint - Qin Port Co., Ltd. (601326) announced that its total throughput for the year ending December 31, 2025, is projected to reach 433 million tons, representing a year-on-year increase of 4.48% [1] Company Summary - The company expects a total throughput of 433 million tons by the end of 2025 [1] - This throughput reflects a growth rate of 4.48% compared to the previous year [1]

Core Viewpoint - Qin Port Co., Ltd. (601326.SH) announced that its total throughput for the year 2025 is projected to be 433 million tons, representing a year-on-year increase of 4.48% [1] Company Summary - The company expects a total throughput of 433 million tons in 2025 [1] - This throughput figure indicates a growth of 4.48% compared to the previous year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03369） 有關本集團截至2025年12月31日止年度吞吐量之自願性公告 本公告乃由秦皇島港股份有限公司（「本公司」，連同其附屬公司合稱為「本集團」）所作的自願性公 告。 為了令本公司之股東及潛在投資者對本公司最近期的業務表現能有更好的了解，本公司董事會（「董 事會」）現公布本集團截至2025年12月31日止年度的營運資料如下： 按貨種分類之吞吐量表 | | 2025年度吞吐量 | 2024年度吞吐量 | 增加╱（減少） | | --- | --- | --- | --- | | | （百萬噸） | （百萬噸） | 百分比(%) | | 煤炭 | 217.03 | 208.83 | 3.93 | | 金屬礦石 | 161.72 | 156.62 | 3.26 | | 油品及液體化工 | 2.17 | 1.73 | 25.43 | | 集裝箱 | ...

一、政策护航：增持不再"难"，信心有支撑 现在上市公司和大股东愿意主动增持，离不开政策的强力支持，让"真金白银"护盘更易落地： - 资金门槛大降：央行将上市公司回购增持的自有资金比例从30%下调至10%，还能申请利率低至2.25%的专项贷款，资金压力大幅减轻 ； - 支持力度加码：设立3000亿元股票回购增持再贷款，21家全国性金融机构可放贷，专款专用支持增持回购 ； 凌晨突袭！7家公司真金白银增持，最高已砸7.99亿 开年A股再现"信心红包"！1月6日凌晨，7家公司集中披露股份增持公告，大股东或控股股东真金白银下场买入，最高已增持近8亿元，直接给市场注入强 心剂。要知道现在有政策撑腰，监管不仅设立3000亿元回购增持再贷款，还下调自有资金比例要求，企业增持门槛大幅降低。这些公司凌晨抢先公告， 既是对自身价值的认可，更是向投资者传递长期发展的底气，不管是短线情绪带动还是中线价值参考，都值得重点关注。 4. 滨化股份：圆满完成计划，第一大股东滨州和宜产业投资累计增持2.78亿元，增持股份占总股本3.27%，已顺利完成增持承诺 ； 5. 汇顶科技：高管带头增持，控股股东及部分董监高已累计增持2740万元，用真金白 ...

Core Viewpoint - The company announced an increase in throughput across various cargo types and ports for the year 2025, indicating positive growth trends in its operations [1] Group 1: Cargo Throughput - Coal throughput reached 217 million tons, representing a year-on-year increase of 3.93% [1] - Metal ore throughput was 162 million tons, with a year-on-year growth of 3.26% [1] - Oil and liquid chemical throughput amounted to 2.17 million tons, showing a significant year-on-year increase of 25.43% [1] - Container throughput reached 1.6856 million TEUs, reflecting a robust year-on-year growth of 34.15% [1] - General cargo and other goods throughput was 32.17 million tons, with a year-on-year increase of 4.82% [1] Group 2: Port Throughput - Qinhuangdao Port's throughput was 190 million tons, marking a year-on-year increase of 3.81% [1] - Caofeidian Port's throughput reached 136 million tons, with a year-on-year growth of 2.74% [1] - Huanghua Port's throughput was 107 million tons, showing a year-on-year increase of 8.04% [1] - The total throughput across all ports was 433 million tons, indicating a year-on-year growth of 4.48% [1]

Core Viewpoint - Qingdao Port is positioned favorably due to its strategic location and recent developments, including a partnership with Huawei to enhance smart port operations, which may lead to growth opportunities in the shipping and logistics sector [2][3]. Group 1: Company Overview - Qingdao Port International Co., Ltd. is located in Shandong Province and was established on November 15, 2013, with its listing date on January 21, 2019 [6]. - The company primarily engages in the handling of various goods, including containers, metal ores, coal, and crude oil, along with logistics and port value-added services [6]. - The revenue composition includes 56.72% from handling and related services, 36.96% from logistics and port value-added services, and smaller percentages from other port-related services [6]. Group 2: Financial Performance - For the period from January to September 2025, Qingdao Port achieved an operating income of 14.238 billion yuan, representing a year-on-year growth of 1.86%, and a net profit attributable to shareholders of 4.180 billion yuan, up 6.33% year-on-year [6]. - The company has distributed a total of 13.770 billion yuan in dividends since its A-share listing, with 6.638 billion yuan distributed over the past three years [7]. Group 3: Market Activity - On January 7, Qingdao Port's stock price fell by 1.30%, with a trading volume of 176 million yuan and a turnover rate of 0.39%, resulting in a total market capitalization of 54.395 billion yuan [1]. - The stock has shown a net outflow of 13.9072 million yuan from major investors today, with a lack of clear trends in major holdings [3][4].

Core Insights - Shanghai Yangshan Deep-Water Port is projected to achieve a container throughput of 28.706 million TEUs in 2025, marking a year-on-year increase of 10.38% and solidifying its status as a top global container hub [2] - The port's share of Shanghai's total container throughput is expected to rise from 50.5% in 2024 to 52.2% in 2025, reflecting its growing importance in the region [2] - Yangshan Port has maintained the top position in the Global Port Performance Index (CPPI) for three consecutive years from 2022 to 2024, indicating significant operational efficiency improvements [2] Operational Efficiency - In 2025, Yangshan Port is expected to handle 9,181 international mainline container ships and 17,942 feeder container ships, representing increases of 3.2% and 8.7% respectively [2] - The implementation of innovative measures such as "dual navigation," "dual window departure," "dual berth operation," and "dual dock berthing" has significantly enhanced port navigation efficiency, with berth utilization rates stabilizing around 84% [2] - The port's innovative "three-set berthing" operation during all tidal periods has been conducted 227 times in 2025, saving an average of 2 hours per ship and unlocking an additional operational capacity of approximately 1.08 million TEUs [3] Economic Impact - The "three-set berthing" initiative has improved shoreline utilization by 5%, generating approximately 300 million RMB in main business revenue for the port and providing indirect economic benefits of around 8 million RMB to shipping companies [3] - Yangshan Port has established a refined forecasting mechanism in collaboration with meteorological departments to mitigate the impact of adverse weather conditions on operations, allowing for continued operations in winds up to level 9 [3] Green Transition - The port is accelerating its green and low-carbon transition, with a significant increase in the refueling of clean fuels such as LNG and methanol [3] - In 2025, LNG refueling volume is expected to exceed 700,000 cubic meters, reflecting a year-on-year growth of over 60%, while methanol refueling has also achieved breakthroughs [3] Future Development - The construction of the Xiaoyangshan North Operation Area is progressing smoothly, with two berths expected to be completed and put into operation by the end of this year, providing strong momentum for the future development of Yangshan Port [4]

Core Viewpoint - The transportation system in Jiangsu province has made significant advancements since the "14th Five-Year Plan," aligning with national strategies to build a strong transportation network and modernize the transportation system, thereby supporting the province's economic development and demonstrating its leadership role in the country [1][2]. Investment and Infrastructure Development - The total investment in transportation infrastructure reached 1 trillion yuan, which is 1.6 times that of the "13th Five-Year Plan" [2]. - The province has achieved a highway network of 5,540 kilometers, with an increase of 615 kilometers since 2020, and 48.4% of highways are six lanes or more, ranking second nationally [4]. - The high-speed railway network has expanded to 2,594 kilometers, with an increase of 379 kilometers since 2020, leading in area density among provinces [4]. Logistics and Transportation Efficiency - The ratio of social logistics costs to regional GDP decreased from 13.8% in 2020 to 12.7%, which is 1.3 percentage points lower than the national average [3]. - Jiangsu has established 42 multi-modal transport hubs and operates 152 multi-modal transport lines, with waterway freight accounting for approximately 38.9% of total freight volume, exceeding the national average by 21.4 percentage points [5][6]. Passenger Transport and Connectivity - The province has opened 37 international passenger routes, including new intercontinental routes from Nanjing to Sydney, Melbourne, and Paris [8]. - Daily average train operations exceed 750 pairs, leading in passenger volume in the Yangtze River Delta region [9]. - Urban rail transit has reached 1,279 kilometers across nine cities, ranking second nationally [10]. Safety and Modernization - By 2024, the number of road transport safety incidents and fatalities is expected to decrease by over 60% compared to the end of the "13th Five-Year Plan" [15]. - The province has built 21,000 video monitoring facilities on highways, leading the nation in density [16]. Innovation and Digital Transformation - Jiangsu is the only province in the transportation sector with two national-level innovation platforms and has been recognized for its digital transformation in transportation infrastructure [13]. - The province has developed a unified digital transportation platform and achieved a 99.64% coverage rate for shore power at ports [14]. Talent Development and Community Engagement - The province has implemented high-level talent initiatives, with numerous individuals recognized as national and provincial labor models and craftsmen [19]. - Community engagement efforts include the establishment of 373 "Driver's Homes" and the promotion of integrity education within the transportation system [18].