关于 2025 年 5 月业务量数据的自愿性信息披露公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 | 业务指标 | 2025 年 | 5 月 | 同比变化 | 本年累计 | 同比变化 | | --- | --- | --- | --- | --- | --- | | 集装箱总计（万 TEU） | | 1,759.2 | 4.4% | 8,367.3 | 6.4% | | 内地码头 | 1,387.7 | | 5.6% | 6,535.0 | 6.9% | | 其中：珠三角 | | 156.8 | -1.1% | 748.5 | 11.7% | | 长三角 | 918.0 | | 9.1% | 4,327.3 | 8.5% | | 环渤海 | 286.0 | | -0.4% | 1,326.2 | 0.2% | | 东南地区 | | 17.4 | 8.2% | 85.9 | 10.0% | | 西南地区 | | 9.5 | -17.0% | 47.1 | -6.2% | | 港澳台码头 | | 42.9 | -21.0% | 243.3 | 0.5% | | ...

Core Insights - The company announced a total of 17.59 million TEUs in container throughput for May 2025, representing a year-on-year increase of 4.4% [1] - Cumulative container throughput for the year reached 83.67 million TEUs, showing a year-on-year growth of 6.4% [1] Container Throughput Breakdown - Inland terminals handled 13.88 million TEUs, up 5.6% year-on-year [1] - Pearl River Delta terminals recorded 1.57 million TEUs, down 1.1% year-on-year [1] - Yangtze River Delta terminals processed 9.18 million TEUs, reflecting a 9.1% year-on-year increase [1] - Bohai Rim terminals managed 2.86 million TEUs, a slight decline of 0.4% year-on-year [1] - Southeast region terminals accounted for 174,000 TEUs, up 8.2% year-on-year [1] - Southwest region terminals saw a significant drop to 95,000 TEUs, down 17.0% year-on-year [1] - Hong Kong, Macau, and Taiwan terminals reported 429,000 TEUs, down 21.0% year-on-year [1] - Overseas terminals achieved 3.29 million TEUs, marking a 3.9% year-on-year increase [1] Bulk Cargo Performance - Total bulk cargo reached 114 million tons, reflecting a year-on-year increase of 7.4% [1] - Cumulative bulk cargo for the year was 526 million tons, showing a slight decline of 0.4% year-on-year [1]

丨证券研究报告丨 公司研究丨点评报告丨青岛港（601298.SH） [Table_Title] 集装箱板块高增长，静待内需油散修复 报告要点 青岛港（601298.SH） cjzqdt11111 [Table_Title2] 集装箱板块高增长，静待内需油散修复 [Table_Summary] 2025 年第一季度公司实现营业收入 48.1 亿元，同比+8.5%；实现归母净利润 14.0 亿，同比 +6.5%。经营层面，集装箱吞吐量受益于对美抢出口，保持高增长；散杂货，特别是油品吞吐 量受制于地炼开工率低迷而承压。业绩方面，公司毛利增长主要受益于集装箱吞吐量高增长。 投资收益下降或是液体散货板块业务量下滑所致。展望未来，地炼开工率有企稳回升迹象，铁 水产量和高炉开工率上行，油品和干散货吞吐量或修复上行，多元业务凸显公司经营韧性。 分析师及联系人 [Table_Author] 韩轶超 SAC：S0490512020001 SFC：BQK468 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Summary2] 事件描述 2025 年第一季度公司实现营业 ...