Core Viewpoint - The 50th anniversary of diplomatic relations between China and the EU highlights the importance of mutual respect and win-win cooperation, as emphasized by Greek parliamentary officials [2] Group 1: China-Greece Relations - The relationship between China and Greece is currently very friendly, with close exchanges and cooperation in various fields, including significant cultural and economic interactions [2] - COSCO's investment in the Port of Piraeus is cited as a successful example of cooperation that has positively impacted both economies [2] - Greece is a key partner in China's Belt and Road Initiative, having been the first EU member to join in 2018, indicating strong support for the initiative [2] Group 2: Cultural Exchange - There has been frequent cultural exchange between China and Greece, with various exhibitions held in each other's countries to promote mutual understanding [2] - The ancient civilizations of China and Greece are foundational to Eastern and Western cultures, making cultural exchanges essential [2] Group 3: EU-China Relations - Despite differing views on trade issues, the long-term relationship between the EU and China should be based on mutual respect and win-win cooperation, which is beneficial for both parties [2] - There is a need for enhanced coordination and interaction in political, economic, and cultural fields between the EU and China [2]

Group 1 - The launch of the "Nanjing-Mexico" roll-on/roll-off foreign trade route marks a significant milestone for efficient export channels for local automotive companies [1][2] - A total of 508 vehicles, including sedans and SUVs from SAIC, were exported on the inaugural voyage, which is expected to save companies about 10% in costs [1] - The Nanjing Port has actively collaborated with customs, maritime, and border inspection units to ensure smooth operations and efficient customs clearance for the vehicles [1] Group 2 - The Jiangsheng Roll-on/Roll-off Terminal in Nanjing has been approved for temporary opening to enhance the water transport capabilities and support local economic development [2] - The terminal features a dedicated roll-on/roll-off berth of 418 meters and can accommodate large vessels, allowing for year-round operations without water level restrictions [2] - In the first quarter, Jiangsu Province's port foreign trade cargo throughput reached 160 million tons, with Nanjing Port's foreign trade throughput growing by 14.5% year-on-year [2]

Core Insights - The international roll-on/roll-off ship "Anji 24" has departed from Nanjing Port carrying 508 Chinese-manufactured vehicles to Mexico, marking a significant step in enhancing the logistics capabilities of Nanjing as a regional shipping and logistics center [1][2] Group 1: Shipping and Logistics Developments - The "Anji 24" is the first foreign trade vessel to depart from the Jiangsheng Automobile Terminal at Nanjing Port since its temporary opening, with a total length of 169.1 meters and a gross tonnage of 35,000 tons [2] - The vehicles were transported via the Zhengzhou-Nanjing railway directly to Longtan Port, indicating an efficient iron-water intermodal transport system that will reduce costs and improve quality [2] - The opening of the Jiangsheng Automobile Terminal and the iron-water intermodal transport will expand the logistics distribution range of Nanjing Port, enhancing the overall competitiveness of ports in the lower reaches of the Yangtze River [2] Group 2: Regional Economic Impact - The Yangtze River is recognized as the busiest and largest inland waterway in the world, with over 3 million vessel entries and exits annually in the Jiangsu section, accounting for more than 70% of the total cargo volume along the river [2] - Nanjing serves as the endpoint of the 12.5-meter deep-water channel of the Yangtze River and is a crucial hub for international sea-river transshipment, facilitating development in the Yangtze River region and the central and western parts of China [2] - Starting in 2024, Nanjing will add one new open terminal and three temporary terminals, increasing the draft of vessels entering and exiting the port from 11.6 meters to 11.8 meters, further enhancing the "diamond efficiency" of the deep-water channel [2]

Core Viewpoint - The "Dream" cruise ship and the "Ocean Celebration" cruise ship docked simultaneously at Tianjin International Cruise Home Port, marking a significant increase in foreign tourist arrivals and departures during the recent holiday period [1][3]. Group 1: Cruise Operations - The "Dream" cruise ship carried nearly 1,600 passengers into Tianjin and later transported around 1,700 passengers to Jeju, South Korea, while the "Ocean Celebration" ship brought in approximately 4,700 passengers and sent over 4,000 passengers to Incheon, South Korea, setting a new record for outbound foreign passengers from Tianjin in a single day [1][3]. - During the 2025 May Day holiday, Tianjin International Cruise Home Port recorded over 20,000 inbound and outbound passengers, a nearly fourfold increase year-on-year, with over 3,000 foreign tourists, significantly surpassing the previous year's figures [3]. Group 2: Immigration and Customs Management - In 2024, Tianjin International Cruise Home Port is expected to maintain its position as the second busiest port in China and the busiest in Northern China for cruise operations [5]. - The East Jiang Border Inspection Station has optimized passenger clearance processes by implementing dual-side inspection areas and pre-collecting passenger and crew information at sea, allowing for immediate disembarkation upon arrival [5][7]. - The station has also introduced automated monitoring and inspection robots to enhance the accuracy of port control, creating a dual-driven system of "intelligent inspection + manual service" for efficient customs clearance [5][7]. Group 3: Passenger Experience Enhancement - To improve passenger experience during simultaneous docking, the East Jiang Border Inspection Station has established multiple functional zones and dedicated channels for 240-hour and 24-hour transit visa exemptions [7]. - A "small language service team" has been formed to provide support in Japanese, Korean, and Russian, ensuring accurate guidance and meeting the diverse needs of passengers during the simultaneous docking of the two cruise ships [9].

令人震惊的是，锦州港在2024年11月首次被证监会立案调查并处罚后，仍持续造假。值得注意的是，公 司18年至23年年报审计机构均为大华会计事务所，但造假似乎被其无视，多年出具无保留的审计意见类 型。 曾系统性财务造假被立案，虚增利润超1.7亿元 锦州港的财务造假行为最早可追溯至2018年。根据中国证监会2024年6月披露的《行政处罚及市场禁入 事先知书》，公司为"做大收入和利润、满足银行贷款需求"，通过无商业实质的虚假贸易业务，系统性 虚增营业收入、营业成本和利润总额。具体来看： 造假规模：2018年至2021年累计虚增营业收入86.24亿元，虚增利润总额1.79亿元。其中，2018年虚增利 润2070.9万元，2019年3899.9万元，2020年4415.7万元，2021年7511.4万元。 造假手段：通过子公司锦国投（大连）发展有限公司控制上下游供应商及客户的资金流转，形成闭环资 金池。例如，采购资金经大连和境等五家供应商流入锦国投资金池，再通过上海盛辙、舟山丰聚益尚等 公司回流至锦州港，制造虚假贸易流水。 责任认定：时任董事长徐健、副董事长兼总经理刘辉被认定为直接负责的主管人员，财务总监李挺等高 管为 ...

据了解，该铁水联运班列的开通较传统运输模式成本降低约16%，运输时效缩短2天，为陕西及周边地区外贸企业提供更高时效、更优服务的国际物流通道。 随着西安"四枢纽一基地"建设的持续推进，以及天津港北方国际航运枢纽功能的不断强化，天津港与西安的联系更加紧密。作为"一带一路"海陆交汇点和北方国际航运枢纽，天津港航线网络与 转自：中国水运报 5月5日，随着一声汽笛长鸣，满载50个40尺集装箱的铁水联运班列从西安国际港站缓缓驶出，该班列经铁路直达天津港后将发往东南亚地区，标志着"西安—天津港""一单制"铁水联运班列正式 中铁集装箱西安分公司相关负责人糜琪表示："此次与天津港集团合作开拓国际多式联运业务，是双方整合资源、共建陆海联动通道的重要成果。未来，我们将继续加强协作，根据市场需求，不 下一步，天津港集团将深化与内陆腹地省市合作，优化多式联运服务网络，加大对物流全流程的智能化管理和监控，推出定制化物流解决方案，满足不同客户的多样化需求，与广大多式联运运营 ...

记者从市发改委获悉，该委近日已正式发布我市2025年首批优化营商环境创新应用场景，共21 个。一季度以来，全市各部门各板块持续深化改革探索，聚力为经营主体提供有"获得感"的营商服务， 形成有"认可度"的营商体验，涌现出一大批鲜活经验和创新做法。本次发布的优化营商环境创新应用场 景呈现出"南京味、开放度、安全感"三个新特点。 更具"南京味" "在南京，很好玩，很方便！"一名外籍游客如此评价最近为期5天的"南京行"。随着我国240小时过 境免签政策红利持续释放，越来越多外国游客的身影出现在南京的景点和街头。如何打造一流的营商环 境，让他们富有"南京味"的旅行生活更加舒适、便捷？ 市公安局依托"我的南京"App，升级"网上境捷"功能，推出"In-Nanjing"综合服务平台，积极会同市 商务、文旅、外办、数据局和大数据集团，推动上线"居住、出行、美食、购物、旅游、就学、创业"各 领域的功能模块，全方位为外籍人士提供在宁生活的各项资讯指南。 市公安局相关负责人介绍，该平台作为"双20条"措施出入境方面的"重头戏"，一经发布就受到广泛 关注，试运行以来已提供临住登记服务5300余次、办证预约服务1600余次。在备受瞩目 ...

Core Insights - The inauguration of the Vizhijam Port marks a new chapter in India's maritime trade and aims to boost the development of Kerala [1][2] - The port, built under a public-private partnership model, has faced multiple delays and local protests, raising questions about the realization of India's ambitions [1][2] Group 1: Port Significance - Vizhijam Port is expected to significantly enhance India's position in global shipping, allowing large container ships that require over 20 meters of draft to dock, which previously had to divert to ports in Colombo, Dubai, and Singapore [2] - The port is anticipated to reduce India's reliance on Colombo for container transshipment, saving substantial foreign exchange [1][2] - The port is positioned as a new maritime gateway for South Asia, with expectations to compete with Colombo and Dubai ports [2] Group 2: Economic Impact - The port's operation is expected to stimulate local economic development in Kerala and attract overseas workers back to the region [1] - The first phase of the project, costing 89 billion rupees, is set to be operational by December 3, 2024, with an initial capacity of 1 million standard containers [1] Group 3: Challenges - The "last mile" connectivity remains a critical challenge, as the port's efficiency heavily relies on road transport, which is hindered by congestion and underdeveloped highways [3] - Despite improvements in port regulatory processes, inconsistencies in implementation across different ports may affect the future potential of Vizhijam Port [3]

事件：2024 年公司实现营收51.25 亿元，同比下降6.1%，归母净利润2.92亿元，同比增长5.4%，EPS 为 0.254 元。一季度公司营收11.93 亿元，同比下降10.9%，归母净利润0.78 亿元，同比增长36.9%。 光伏板块实现了稳健增长。24 年公司积极拓展分布式光伏及地面光伏电站项目，全年发电量超7000 万 千瓦时，同比增长 78.01%；秀强股份成功开发固德威屋顶瓦并实现量产，不断提升光伏建筑一体化 （BIPV）业务行业竞争力，24 年实现净利润2.20 亿元，较23 年的2.08 亿元有所增长。 25 年Q1 业绩稳健，销售费用下降主要系珠海可口可乐出表：25 年Q1 公司营收11.93 亿元，同比下降 10.9%，归母净利润0.78 亿元，同比增长36.9%，营收下降但利润增长体现出公司逐步聚焦高质量业务 的发展思路。25 年Q1 公司销售费用下降较明显，由24 年同期的0.39 亿元降至0.16 亿元，主要系珠海可 口可乐公司不再纳入报表。 公司盈利预测及投资评级：预计公司25-27 年净利润分别为3.18、3.52 和3.96亿元，EPS 分别为0.28、 0.32 与0. ...

公 司 研 究 珠海港（000507.SZ）：业绩稳健，"双 轮驱动"战略持续推进 2025 年 5 月 6 日 推荐/维持 珠海港 公司报告 事件：2024 年公司实现营收 51.25 亿元，同比下降 6.1%，归母净利润 2.92 亿元，同比增长 5.4%，EPS 为 0.254 元。一季度公司营收 11.93 亿元，同比 下降 10.9%，归母净利润 0.78 亿元，同比增长 36.9%。 码头板块积极应对传统优势货种的需求下降，抗风险能力有所提升：受经济增 速下行影响，24 年公司旗下多个码头的传统优势货种需求承压，例如兴华港 口优势板块纸浆进口量下降，云浮新港主力的石材类货源也出现需求下滑。为 应对传统优势项目的下滑，各码头积极拓展新业务。兴华港口钢材、设备、吨 袋等货种增长显著；云浮新港积极向广西方向拓展货源腹地，并加大非石材货 源的业务开发力度；桂平新龙码头积极推广集装箱车辆高速费用减半政策，深 入挖掘黔江上游的货源腹地，弥补因市场竞争和需求不足而流失的货源。 24 年公司下属码头货物吞吐量 5784.35 万吨，同比增长 15.47%。港口板块 实现营收 7.80 亿元，同比下降 2.38%， ...