Core Viewpoint - Jinzhou Port Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected information disclosure violations, which may lead to significant illegal delisting of its stock due to false records in financial reports from 2020 to 2023 [1][2][3] Group 1: Investigation and Potential Delisting - The company received a notice from the CSRC regarding administrative penalties and market entry bans, indicating that its annual reports from 2020 to 2023 contain false records [1][2] - The CSRC's previous decision on November 1, 2024, confirmed that the company's annual reports from 2018 to 2021 also contained false records, leading to the current investigation [1][2] - If the company is found to have committed significant illegal acts, its stock may be terminated from listing on the Shanghai Stock Exchange [2][3] Group 2: Financial and Regulatory Risks - As of May 9, 2025, the company's stock price has been below RMB 1 for four consecutive trading days, which could trigger delisting if it continues for 20 trading days [3] - The company's audited net assets for 2024 were negative, and the financial report received a disclaimer of opinion, which may lead to financial delisting risks [3][4] - The company has been flagged for regulatory delisting risks due to significant non-operating fund occupation and failure to correct issues within the specified timeframe [5][6]

证券代码：601880 证券简称：辽港股份 公告编号：临 2025-026 辽宁港口股份有限公司 ???会议召开时间：2025 年 05 月 16 日(星期五) 上午 09:00-10:00 关于召开 2025 年第一季度业绩说明会的公告 ? 会议召开方式：电话会议 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 投资者可于 2025 年 05 月 15 日（星期四）前将相关问题通过电 子邮件的形式发送至公司邮箱：ir@liaoganggf.cn。公司将在说明会 上对投资者普遍关注的问题进行回答。 辽宁港口股份有限公司（以下简称"公司"）已于 2025 年 4 月 了解公司 2025 年一季度经营成果、财务状况，公司计划于 2025 年 说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以电话会议方式召开，公司将针对 2025 年一 季度的经营成果及财务状况与投资者进行互动交流和沟通，在信息披 露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一）会议召开 ...

Core Insights - Wuhan Port is a significant inland port that connects the Yangtze River to the sea, enhancing China's openness and vitality [2][5] - The port consists of nine districts, with Yangluo Port being the core, and is projected to handle over 3.5 million TEUs by 2024, maintaining its leading position in the Yangtze River region [3][6] Group 1: Port Infrastructure and Operations - Yangluo Port is known for its busy operations, accommodating large vessels and facilitating extensive cargo transport [3][4] - The port has achieved a record by successfully docking the Panama-flagged vessel "Kangshun 99," which carried 7,324.41 tons of cargo, marking the largest foreign operational vessel to dock at Wuhan Port [5] - Wuhan Port has established 30 direct shipping routes across the country and five international routes connecting to Japan, South Korea, Russia, Vietnam, and Indonesia [5] Group 2: Intermodal Transportation - Yangluo Port has developed over 60 intermodal transport channels, solidifying its position as a key hub in the middle reaches of the Yangtze River [6] - In 2024, the port's intermodal transport volume reached 231,600 TEUs, a year-on-year increase of 44.5%, leading all inland ports in China [6] - The integration of rail and water transport has significantly reduced logistics costs for various industries in the region [6] Group 3: Regional Economic Impact - Wuhan Port plays a crucial role in activating new economic dynamics in the central Yangtze River urban cluster, serving as a strategic point for regional development [8][9] - The port has established a "one port connects three provinces" model, enhancing inter-provincial cooperation and logistics efficiency [9] - By 2024, Wuhan Port is expected to become the largest foreign trade container hub in the upper and middle reaches of the Yangtze River, with a 22% increase in foreign trade container throughput [9] Group 4: Future Development Plans - By 2035, Wuhan Port aims to transition from an inland port to an international comprehensive hub, enhancing its strategic significance [9] - The completion of the Han River channel upgrade is anticipated to extend the port's influence, increasing the share of cargo flow in the central and western regions from 35% to 50% by 2030 [9]

*ST锦港公告，公司因涉嫌信息披露违规，被中国证监会立案调查。2025年4月29日，公司收到中国证 监会辽宁监管局《行政处罚及市场禁入事先告知书》，查明公司2022年年度报告、2023年年度报告及 2024年第一季度报告存在虚假记载。根据《事先告知书》《决定书》所认定的事实，公司2020年至2023 年年度报告连续4年存在虚假记载，可能被实施重大违法强制退市。 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：600279 证券简称：重庆港 公告编号：临 2025-021 号 重庆港股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩暨 现金分红说明会的公告 （三）会议召开方式：上证路演中心网络互动 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 05 月 21 日（星期三）10:00-11:00 （二）会议召开地点：上证路演中心 ? 会议召开方式：上证路演中心网络互动 ???投资者可于 2025 年 05 月 14 日（星期三）至 05 月 20 日（星期 二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱（cqg2000@126.com）进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 重庆港股份有限公司（以下简称"公司"）已于 2025 年 4 月 22 日发布公司 2024 年度报告，于 4 月 29 日发布公司 2025 年第一季度 报告，为便于广大投资者更全面深入地了解公司 2024 年度和 2 ...

Core Viewpoint - The current wait-and-see approach of the Federal Reserve is deemed reasonable due to the potential impacts of tariffs and the uncertainty surrounding the economic outlook [1][4]. Economic Outlook - The Federal Reserve decided to maintain the federal funds rate target range at 4.25%-4.5%, marking the third consecutive meeting without changes [2]. - Economic indicators show a divergence, with the first quarter of 2025 experiencing a contraction in GDP for the first time in three years, primarily due to businesses rushing to import goods to avoid tariffs [2]. - The unemployment rate remains low at 4.2%, indicating a resilient labor market that has yet to reflect the impacts of tariffs [2]. Inflation Concerns - Although CPI and PCE data have not yet shown upward trends, soft indicators such as consumer inflation expectations and price indices in manufacturing and services have significantly increased, indicating future inflation risks [3]. - The large-scale "reciprocal tariffs" announced by Trump have been paused for 90 days, but the outlook remains unclear, negatively affecting business and consumer confidence [3]. Federal Reserve's Strategy - Jerome Powell emphasized a "wait and see" approach, stating that the cost of waiting is currently the lowest, and highlighted the challenges posed by tariffs to the Fed's dual mandate of maximum employment and a 2% inflation target [3][4]. - The Fed's independence is under threat, with external pressures from the Trump administration potentially impacting the credibility of the dollar [4]. - Market expectations for the timing of the first rate cut have shifted from June to July, with projections for a total of three rate cuts remaining intact for the year [4].

Core Viewpoint - The standardization in transportation is driving cost reduction, quality improvement, efficiency enhancement in logistics, development of smart transportation, and green low-carbon transformation in the sector [1][8]. Group 1: Transportation Standardization - The Ministry of Transport's Standardization Management Committee has recommended a series of typical cases in transportation standardization, emphasizing its role as a technical support for economic activities and social development [1]. - Standardization plays a foundational and leading role in modernizing the national governance system and governance capabilities [1]. Group 2: Case Study - Guizhou Province - Guizhou Province has identified issues with low standards in early-built highways, leading to significant speed limit reductions and non-standard signage [1]. - The province aims to optimize speed limits on highways to improve traffic flow and travel experience, with a technical guideline set to be implemented from April 2024 [2]. Group 3: Speed Limit Optimization - The new speed limit guidelines categorize limits into four types: 80 km/h, 100 km/h, 110 km/h, and 120 km/h, with specific rules for tunnels and transitions between speed zones [2]. - By July 31, 2024, 8,857 kilometers of highways in Guizhou will have optimized speed limits, with 99.2% of the routes experiencing an increase in speed limits [3]. Group 4: Infrastructure Improvements - The optimization has led to a reduction of 1,278 abrupt speed reduction zones, maintaining a maximum speed difference of 20 km/h between adjacent segments [3]. - The adjustments have addressed common complaints regarding sudden speed drops, enhancing overall driver experience [3]. Group 5: Standardization in Port Operations - Dalian Port has undergone standardization improvements to enhance the efficiency and quality of sea-rail intermodal transport, addressing the "last mile" bottleneck [5]. - The average time for railway freight cars at the port has been reduced from 10.6 hours in 2023 to 9.6 hours in 2024, marking a significant improvement [5]. Group 6: Environmental Initiatives - Ningxia's transportation department has established local standards for the comprehensive utilization of industrial solid waste, achieving a significant reduction in carbon emissions and energy consumption through innovative materials in highway construction [5]. Group 7: International Development - The standardization efforts are also facilitating international transportation development, as seen in the Lahore Orange Line project in Pakistan, which boasts a train operation and punctuality rate exceeding 99.9% [8]. - The export of various types of cranes to countries involved in the Belt and Road Initiative reflects the growing influence of China's transportation standards abroad [8].

青岛港转口贸易 3. 贸易形式灵活：转口贸易可以是纯*粹转口，即货物在第三国不经过加工再出口；也可以是加工转口， 即货物在第三国经过加工增值后再出口。 转口贸易的发展趋势 未来的转口贸易将在以下几个方面得到发展: 1. 转口贸易产品多样化：近年来，我国转口贸易的产品范围越来越广泛，涉及到机械、电子、纺织、日用 品、等众多领域。 2. 转口贸易服务多元化：针对企业在转口贸易中遇到的瓶颈问题，在服务提供和配套优惠方面会有所调整 和优化。 转口贸易报关公司 转口保税区报关操作 转口贸易又称中转贸易（intermediary trade），指国际贸易中进出口货品的生意，不是在生产国与消费国 之间直接进行，而是通过第三国易手进行的买卖。这种贸易对中转国来说即是转口贸易。贸易的货品能够 由出口国运往第三国，在第三国不通过加工（转换包装、分类、选择、收拾等不作为加工论）再销往消费 国；也能够不通过第三国而直接由生产国运往消费国，但生产国与消费国之间并不发生贸易联系，而是由 中转国分别同生产国和消费国发生贸易。由于中国是世界上遭遇反倾销最多的国家，所以这种贸易形式， 也几乎变成躲避贸易制裁的专用方式之一。I56**2II8* ...

Core Insights - Wuhan Port is a significant logistics hub with a planned 80-kilometer port cluster along the Yangtze River, connecting to global trade [1] - The port consists of nine districts, with Yangluo Port serving as the core for container transshipment and multimodal transport [5][9] - By 2024, the core port area is expected to handle 2.381 million TEUs, with a capacity to support 5.5 million China-Europe freight trains [6] Port Districts Overview - Yangluo Port: Core hub for container transshipment, supporting national strategies and logistics hub development [9] - Economic Development Port and Jiangxia Port: Support ports focusing on roll-on/roll-off transport for automobiles [9] - Baihushan Port: Handles liquid bulk cargo, serving the chemical industry [9] - Main City Port: Develops passenger terminal systems for river cruises and urban water transport [9] - Dongxihu Port: Connects with the Wujiashan Railway Center for iron-water intermodal transport [9] - Qingshan Port: Primarily transports metal ores and bulk cargo, supporting the port industry [9] Future Development Plans - Wuhan Port aims to transition from an inland port to an international comprehensive hub by 2035, enhancing its role in the logistics supply chain [6] - The port is set to develop 315 planned berths, achieving an annual throughput capacity of 280 million tons, with container handling levels approaching coastal ports [6] - The integration of the Yangtze Economic Belt and the Belt and Road Initiative will enhance global connectivity through this inland port [6]

Group 1 - The company's stock experienced an abnormal trading fluctuation, with a cumulative closing price drop exceeding 12% over three consecutive trading days from May 6 to May 8, 2025 [2][3] - The company conducted a self-examination and confirmed that there are no undisclosed significant matters or important information as of the announcement date [4][5] Group 2 - The company's production and operations have not undergone significant changes, and daily operations remain stable without any major adjustments in market environment or industry policies [4] - There are currently no major undisclosed matters related to significant asset restructuring, share issuance, acquisitions, or other major corporate actions [5][6] Group 3 - No media reports or market rumors have been identified that could significantly impact the company's stock price [6][7] - The first major shareholder and actual controller, as well as the company's directors and senior management, did not engage in any stock trading during the period of abnormal stock fluctuation [7] Group 4 - As of May 8, 2025, the company's stock price has been below RMB 1 for three consecutive trading days, which may lead to a potential delisting if it remains below this threshold for 20 consecutive trading days [9] - The company has received a notice from the China Securities Regulatory Commission regarding administrative penalties for false records in its annual reports from 2020 to 2023, which may lead to a major delisting risk [10] - The company has been flagged for financial delisting risks due to negative net assets reported in the 2024 annual audit [10] - The company faces regulatory delisting risks due to significant non-operational fund occupation by related parties, which exceeds 30% of the latest audited net assets [11][12]