证券代码：000039、299901 证券简称：中集集团、中集 H 代 中国国际海运集装箱（集团）股份有限公司 投资者关系活动记录表 编号：2025-19 投 资 者 关 系 活 动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 √路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参 与 单 位 名 称 及人员姓名 一对一： 新华保险、嘉实基金、中金基金、中金资管、中信建投自营、国 寿资产 参加一对多专场论坛的机构有： 长江证券、源峰基金、大家资管、阳光保险、融通基金、东方基 金、中信资管、天弘基金、华夏久盈、光大永明、兴合基金、华 夏未来、中交资本、慎知资产、仁桥资产、风炎私募、日挥控股 株式会社、北京鑫顺资本等 时间 2025 年 12 月 11 日 地点 北京 上市公司 接待人员 姓名 中集集团董事会秘书 吴三强 中集集团投资者关系高级经理 巫 娜 中集集团投资者关系经理 韩晓娜 投资者关系活 动主要内容介 绍 此次系列调研主要交流内容包括： 1、当前公司海工的订单结构如何？对于海工板块未来的接单方 接单方面，公司还是聚焦高质量、高端装备订单，油气订单以 FPSO/F ...

从产品类型看，机电产品仍为主要出口商品，铜材出口继续保持较快增长。其中，摩托车、通用机 械设备分别出口31.2亿元、25.4亿元，分别增长26.7%、11.9%。 同期，太仓企业对德国进出口超120.4亿元，德国继续保持太仓最大单一贸易伙伴国地位。 用好江海河、铁公水多式联运优势，太仓海关深化提前申报便利模式，扩增港口堆存面积超4万平 方米，助力长江最大汽车滚装码头高效运转，物流能力提升78%。1月至11月，太仓港出口汽车77.16万 辆，同比增长76.46%，"江苏及长江沿线汽车出口第一大港"优势持续巩固。 为提升外贸大港通关效率，太仓海关开通大型设备"抵港直装"快速通道，压缩码头堆存时长超 50%，助推工程机械、大型储能柜出口倍增；依托信息化系统实现空箱申报、移箱、放行信息共享，助 力24.28万标箱新造集装箱出口效率提升30%。 此外，太仓海关打通口岸跨部门数据接口，集成一体化智慧水运口岸系统。"检验检疫处理监管平 台"实现《检验检疫处理通知书》秒签秒到；"智慧船舶监管应用"压缩供船物料审批时长近50%；升 级"联动接卸"，服务长三角一体化。全国首创"联动接卸"监管模式被写入国务院《关于推动外贸稳规模 ...

Emerging Fields - The release of five national standards related to cybersecurity aims to strengthen national cybersecurity defenses and promote healthy development of the digital economy [1] - Seven national standards in information technology will ensure interoperability and security of information systems through unified technical application specifications [1] - Three national standards for artificial intelligence social experiments support the healthy and orderly development of intelligent societies [1] - Seven national standards for nanotechnology will assist in unifying relevant technical characterization and testing specifications [1] Transportation and Environmental Protection - A total of 44 national standards covering automotive steering systems, vehicle brake fluids, railway construction machinery, rail transit vehicles, shore power for ships, containers, and aerospace components will aid in building a strong transportation nation [1] - Ten energy-saving and environmental protection standards related to industrial boiler economic operation, meat processing, food processing, alcoholic beverages, and lead-zinc will contribute to pollution prevention efforts [1] Safety Production - National standards for assessing combustible dust explosion risks and guidelines for gas protection station construction in chemical parks will enhance safety management in hazardous chemical production [2] - Five emergency management national standards, including guidelines for emergency drills and scenario construction methods, will improve emergency response capabilities [2] - Eleven mandatory national standards for fire trucks will ensure technological advancement in fire truck products and enhance the operational capabilities of firefighting teams [2] Public Services - Three national standards for educational service management and seven guidelines for standardized education course construction in logistics, elderly care, automation, and the Internet of Things will lay the foundation for cultivating versatile talents and promoting education integration [2] - Guidelines for the usability of home health care products and services will support the development of an age-friendly society [2] - Four national standards related to digital asset management, including digital maturity and cultural digital asset valuation, will enhance the digitalization level of asset management and improve transparency and security in digital asset transactions [2] Daily Life - National standards for smart textiles will guide the standardized development of smart textile products [3] - The introduction of national standards for biodegradable plastic shopping bags will promote resource recycling [3] - Two national standards for testing methods related to formaldehyde content in leather and short-chain chlorinated paraffins will improve detection of harmful substance limits [3] - Eight national standards for surgical implants and sterilization of medical products will enhance the quality and safety of medical devices [3] - Additional national standards were released for rice, navel oranges, rural toilets, and oil drilling equipment [3]

Core Viewpoint - China International Marine Containers (Group) Co., Ltd. (中集集团) has been actively repurchasing its shares, indicating a strong commitment to enhancing shareholder value and confidence in its market position [2][3][4]. Group 1: Trading Information - As of November 13, 2025, China International Marine Containers' stock closed at 8.13 RMB, up by 1.88%, with a turnover rate of 1.85% and a trading volume of 425,600 shares, amounting to a total transaction value of 343 million RMB [1]. - On the same day, the main funds saw a net inflow of 28.25 million RMB, suggesting significant buying interest [2][4]. Group 2: Company Announcements - On November 12, 2025, the company conducted a share buyback, repurchasing 2,000,000 H-shares at a maximum price of 7.17 HKD per share, totaling approximately 14.12 million HKD, and 1,734,100 A-shares at prices between 7.98 and 8.02 RMB, totaling about 13.88 million RMB [2]. - On November 13, 2025, the company continued its buyback, acquiring 2,805,400 H-shares at prices ranging from 7.1327 to 7.27 HKD, costing around 20.01 million HKD, and 2,461,000 A-shares at prices between 8.12 and 8.14 RMB, costing approximately 19.99 million RMB [3]. - The total expenditure for the buybacks over the two days exceeded 40 million HKD and RMB combined, with the repurchased shares to be held as treasury stock and not yet canceled [4].

Group 1: Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 117.06 billion yuan and a net profit attributable to shareholders of 1.566 billion yuan, with operating net cash flow increasing significantly by 510.19% to 9.827 billion yuan [1] - The energy-related business showed strong performance, with the marine engineering segment improving operational efficiency and profitability year-on-year [1] - The core platform for energy and chemical equipment, CIMC Enric, reported revenue and net profit growth of 7.7% and 12.9% respectively, with a backlog of orders amounting to approximately 30.763 billion yuan, reflecting a year-on-year increase of 10.9% [1] Group 2: Logistics Business - Despite challenges such as U.S. tariffs and geopolitical tensions, global commodity trade growth remained resilient, with Clarkson's latest forecast predicting a 3.0% year-on-year increase in global container trade volume for 2025 [2] - The company sold a total of 1.8018 million TEUs of dry cargo containers in the first three quarters, maintaining a solid performance, while refrigerated container sales surged by 64.35% to 153,500 TEUs driven by South American fruit exports [2] - Vehicle sales globally reached 101,583 units, showing a counter-cyclical growth of 7.21%, with significant revenue and gross margin increases in the Chinese semi-trailer business and rapid growth in new energy equipment [2] Group 3: Share Buyback Initiatives - The company has actively engaged in share buyback programs, announcing a plan to repurchase up to 500 million HKD of H-shares and 300 to 500 million yuan of A-shares to maintain company value and protect shareholder interests [3] - As of October 30, the cumulative amount spent on H-share buybacks was approximately 190 million HKD, corresponding to about 25.79 million shares, while A-share buybacks totaled around 103 million yuan for approximately 12.45 million shares [3] - The steady progress of the buyback plan reflects the management's strong confidence in the company's long-term development [3]

Core Viewpoint - CIMC Group indicates that the container supply chain prosperity index will remain in a prosperous range in the first half of 2025, with good production scheduling in the third quarter and a need for further observation in the fourth quarter [1] Industry Summary - Long-term container demand is closely linked to global commodity trade volume, driven by population growth, increased per capita wealth, ongoing regional division of labor, supply chain diversification, and decarbonization trends [1] - The turnover rate of containers is decreasing, meaning that the same trade volume will require more containers to support it [1] - With over 50 million TEUs in global inventory, there is an annual replacement demand of 2 to 3 million TEUs, suggesting that future annual demand in the industry is expected to increase from the current baseline of 4 million TEUs to a higher scale [1]

Group 1 - Public funds are increasingly optimistic about "anti-involution" concept stocks, with notable investments in companies like Huaxin Cement and Qibin Group [1][2] - Huaxin Cement's major shareholders include notable fund managers, with Fu Guo Tian Hui Select Growth Fund significantly increasing its holdings from 500,000 shares to 9 million shares, reflecting a market value increase from 5.92 million to 167 million yuan [1] - Huaxin Cement's stock price has surged over 80% year-to-date as of October 15, indicating strong market performance [1] Group 2 - Qibin Group has seen substantial institutional interest, with Invesco Great Wall New Energy Industry Fund increasing its holdings by 5.57 million shares, while GF Advanced Manufacturing Fund entered the top ten shareholders [2] - China Life Insurance's products have increased their stake in CIMC Group by 223,000 shares, reflecting a growing interest in companies benefiting from the "anti-involution" policy [2] - The "anti-involution" policy is expected to reshape the industry ecosystem, with significant implications for sectors like new energy, cement, and glass [2] Group 3 - JinkoSolar, a leading company in the photovoltaic sector, is undergoing industry chain integration to balance supply and demand for silicon materials, aiming to stabilize prices [3]

Group 1 - Public funds are increasingly optimistic about "anti-involution" concept stocks, with notable investments in companies like Huaxin Cement and Qibin Group [1][2] - Huaxin Cement's major shareholders include notable fund managers, with Fu Guo Tian Hui Select Growth Fund significantly increasing its holdings from 500,000 shares to 9 million shares, reflecting a market value increase from 5.92 million to 167 million yuan [1] - Huaxin Cement's stock price has surged over 80% year-to-date as of October 15 [1] Group 2 - Qibin Group's major shareholders include fund managers from Invesco and GF Fund, with significant increases in their holdings, indicating strong institutional interest [2] - The "anti-involution" policy is benefiting industries such as cement and glass, with a government directive prohibiting new production capacity in these sectors [2] - Recent institutional research indicates a focus on "anti-involution" companies across various sectors, including steel, coal, chemicals, and photovoltaics, with 31 companies being investigated [2] Group 3 - JinkoSolar, a leading company in the photovoltaic sector, is undergoing industry chain integration to balance supply and demand by eliminating outdated production capacity [3]

Group 1 - The company, China International Marine Containers (Group) Co., Ltd. (CIMC), announced its 9th board meeting of the 11th session held on September 9, 2025, via telecommunication voting [1] - The meeting reviewed proposals related to connected transactions with subsidiaries of China Merchants Industry Holdings Co., Ltd. [1] - As of the report, CIMC's market capitalization stands at 42.4 billion yuan [1] Group 2 - For the first half of 2025, CIMC's revenue composition is as follows: containers account for 27.7%, logistics services for 17.68%, energy and chemical equipment and liquid food equipment for 16.88%, road transport vehicles for 11.15%, marine engineering for 10.44%, and other industries for 6.87% [1]

Core Viewpoint - Compliance management is essential for the survival and development of enterprises, providing tangible "integrity dividends" through enhanced tax credit management and support from tax authorities [1][2]. Group 1: Compliance and Internal Control - Companies are shifting from a mindset of "I have to strive for A" to "I want to strive for A," enhancing their internal control mechanisms to drive compliance [2]. - Internal audits and proactive measures, such as maintaining a "risk list + responsibility list," help companies like Liaoning Yufeng Chemical Co., Ltd. avoid tax risks and credit losses [1][2]. - The integration of tax compliance requirements into all business processes, including contract reviews and tax filings, is crucial for preventing tax-related risks [3]. Group 2: External Support and Services - Tax authorities in Liaoning have established a green channel service model for A-level taxpayers, expediting processes like tax refunds and enhancing companies' market competitiveness [4][5]. - Continuous guidance and support from tax departments help companies navigate tax compliance, ensuring timely and accurate submissions [5][6]. Group 3: Benefits of Good Tax Credit - A-level tax credit status provides companies with easier access to tax services and financial products, reducing funding costs significantly [6]. - Companies with strong tax credit ratings, such as Liaoning Tianyi Industrial Co., Ltd., benefit from enhanced market reputation and opportunities, including successful bids in competitive procurement processes [6][7]. - The positive impact of tax credit on supplier relationships and market expansion is evident in companies like Liaoning Tianan Biopharmaceutical Co., Ltd., which enjoys stable raw material supply due to its good credit standing [6]. Group 4: Future Directions - Liaoning tax authorities will continue to focus on building a tax credit system, guiding more enterprises to transition from passive compliance to proactive management [7][8].