来源：新浪基金∞工作室 数据显示，2月12日，景顺长城国证港股通红利低波动率ETF(159569)遭净赎回431.02万元，位居当日跨 境ETF净流出排名14/215。最新规模4.84亿元，前一日规模4.88亿元，当日资金净流出额占前一日规模 的比例为0.88%。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）01919中远海控8.86%332.45万4128.79万 00316东方海外国际7.48%30.80万3488.52万01171兖矿能源5.65%303.40万2636.24万01308海丰国际 4.52%83.70万2106.20万03668兖煤澳大利亚4.46%89.77万2077.32万00288万洲国际3.76%223.95万1753.73 万01088中国神华3.63%48.30万1692.67万03360远东宏信3.39%217.60万1580.19万00883中国海洋石油 3.27%79.30万1525.62万00386中国石油化工股份3.26%360.00万1518.49万 跟踪港股通红利低波（987016）的ETF包括景顺长城国证港股通红利低波动率ETF（159569），规模、 ...

交通运输物流 证券研究报告 2026.01.26 航运"贤"谈（20）：产业信号显示油运周 期有望维持 higher for longer SAC 执证编号：S0080520080003 SFC CE Ref：BOK824 gangxian.liu@cicc.com.cn 刘钢贤 分析员 王艺璇 分析员 冯启斌 分析员 SAC 执证编号：S0080524070027 yixuan.wang@cicc.com.cn SAC 执证编号：S0080521090003 SFC CE Ref：BRW011 qibin.feng@cicc.com.cn 纵轴：相对值（%） 92 100 108 116 124 132 2025-01 2025-04 2025-07 2025-10 2026-01 沪深300 中金交通运输 | 股票 | 股票 | 目标 | P/E (x) | | | --- | --- | --- | --- | --- | | 名称 | 评级 | 价格 | 2026E 2027E | | | 中远海能-A | 跑赢行业 | 13.50 | 11.1 | 19.2 | | 招商南油-A | 跑赢行业 | ...

Core Insights - The article highlights the top short-selling ratios and amounts for various companies, indicating significant market sentiment against these stocks [1][2]. Group 1: Top Short-Selling Ratios - Lenovo Group-R (80992) has the highest short-selling ratio at 91.38% with a short-selling amount of 52.16 thousand [2]. - Ping An Insurance-R (82318) follows with a short-selling ratio of 83.34% and a short-selling amount of 200.88 thousand [2]. - Xiaomi Group-WR (81810) has a short-selling ratio of 80.95% with a short-selling amount of 597.54 thousand [2]. Group 2: Top Short-Selling Amounts - Tencent Holdings (00700) leads in short-selling amount at 29.69 billion, with a short-selling ratio of 15.25% [2]. - Alibaba Group-W (09988) has a short-selling amount of 23.66 billion and a short-selling ratio of 19.56% [2]. - Xiaomi Group-W (01810) ranks third with a short-selling amount of 10.16 billion and a short-selling ratio of 21.54% [2]. Group 3: Top Short-Selling Deviation Values - Ping An Insurance-R (82318) has the highest deviation value at 36.33%, indicating a significant difference from its average short-selling ratio [2]. - Xiaomi Group-WR (81810) follows with a deviation value of 34.41% [2]. - China Resources Beer (00291) has a deviation value of 33.89% [2].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 海豐國際控股有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01308 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,00 ...

Group 1 - The core point of the article is that Haifeng International (01308.HK) experienced a significant increase in stock price, rising over 4% in late trading [1] - As of the report, the stock price reached 30.22 HKD, reflecting a gain of 4.42% [1] - The trading volume for Haifeng International was reported at 1.57 million HKD [1]

值得注意的是，海丰国际近期宣布进一步行使两份造船期权，显示出其对支线集装箱船市场，特别是亚 洲区域内航线中长期需求的坚定信心。连同前次行使的期权，四艘新船将分别计划于2028年9月、2028 年11月、2029年1月及2029年3月或之前交付。这表明海丰国际的新运力部署计划已延伸至未来三至四 年。 消息面上，海丰国际近日发布盈喜，预期年度股东应占利润约为12亿美元至12.3亿美元，同比增加约 16.0%至18.9%。摩根士丹利认为，业绩略微超越市场共识，但预期市场对去年的盈利反应有限。该行 认为今年前景好坏参半。 智通财经APP获悉，海丰国际(01308)尾盘涨超4%，截至发稿，涨4.42%，报30.22港元，成交额1.57亿港 元。 ...

Core Viewpoint - SeaFeast International (01308) has announced a positive earnings forecast, expecting a shareholder profit of approximately $1.2 billion to $1.23 billion for the year, reflecting a year-on-year increase of about 16.0% to 18.9% [1] Group 1: Earnings Performance - The company’s earnings forecast slightly exceeds market consensus, although Morgan Stanley anticipates limited market reaction to last year's profits [1] - The expected profit range indicates a strong performance compared to the previous year, showcasing the company's growth trajectory [1] Group 2: Strategic Developments - SeaFeast International has decided to further exercise two shipbuilding options, demonstrating confidence in the long-term demand for feeder container ships, particularly in the Asian regional routes [1] - The new capacity deployment plan includes the delivery of four new vessels scheduled for September 2028, November 2028, January 2029, and March 2029 or earlier, extending the company's operational plans into the next three to four years [1]

Core Viewpoint - Recently, Haifeng International Holdings (01308) announced the exercise of an option to order two additional 2,700 TEU feeder container ships from Huang Hai Shipbuilding Co., increasing its total order for this type of vessel to eight [1][5]. Group 1: Order Details - The two newly ordered vessels have a total price of $76.36 million, maintaining the same unit price as previous orders [3][8]. - Initially, Haifeng International announced an order for four similar vessels in August 2023, with a total contract value of $152.7 million [3][8]. - The company has exercised options to order two additional vessels on October 31, 2025, and January 30, 2026 [3][8]. Group 2: Delivery Schedule - The delivery schedule for the new vessels is as follows: - The fifth contract's vessels are expected to be delivered by September 30, 2028, or earlier - The sixth contract's vessels are expected to be delivered by November 30, 2028, or earlier - The seventh contract's vessels are also expected to be delivered by November 30, 2028, or earlier - The eighth contract's vessels are expected to be delivered by March 31, 2029, or earlier [6][10]. Group 3: Fleet Expansion and Market Position - The new ship orders aim to expand Haifeng International's fleet to meet the growing operational demands of the group and to strengthen its leading position in the Asian shipping market [3][8]. - According to Alphaliner, Haifeng International operates a total of 120 container ships, with 100 of them being owned vessels [9].

Core Viewpoint - The Invesco Great Wall Hong Kong Stock Connect Dividend Low Volatility ETF (159569) experienced a decline of 2.81% on February 2, 2024, with a trading volume of 56.36 million yuan [1] Fund Overview - The fund was established on August 14, 2024, with an annual management fee of 0.50% and a custody fee of 0.08% [1] - As of January 30, 2025, the fund had 343 million shares outstanding and a total size of 478 million yuan, showing a 1.72% decrease in shares and a 2.60% increase in size compared to December 31, 2024 [1] Liquidity Analysis - Over the last 20 trading days, the ETF recorded a cumulative trading amount of 690 million yuan, with an average daily trading amount of 34.49 million yuan [1] - Since the beginning of the year, the ETF has seen a cumulative trading amount of 726 million yuan over 21 trading days, with an average daily trading amount of 34.58 million yuan [1] Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing the fund since August 29, 2024, achieving a return of 45.41%, while Wang has managed it since August 13, 2025, with a return of 3.51% [2] Top Holdings - The ETF's top holdings include: - China COSCO Shipping (8.86% of holdings) - Orient Overseas International (7.48%) - Yanzhou Coal Mining (5.65%) - Seaspan Corporation (4.52%) - Yancoal Australia (4.46%) - WH Group (3.76%) - China Shenhua Energy (3.63%) - Far East Horizon (3.39%) - CNOOC (3.27%) - Sinopec (3.26%) [2][3]

Core Viewpoint - SeaFeast International (01308) has issued a positive earnings forecast for 2025, expecting a net profit of $1.2 billion to $1.23 billion, which represents a year-on-year increase of 16% to 18.9% compared to the previous year [1] Group 1: Company Performance - The company's preliminary earnings for 2025 slightly exceed market consensus, which was set at $1.19 billion [1] - The stock price of SeaFeast International has seen a decline of nearly 3%, currently trading at HKD 4.46 with a trading volume of 25.1648 million HKD [1] Group 2: Market Dynamics - Morgan Stanley indicates that while the company's performance is slightly above expectations, the market's reaction to last year's earnings is expected to be limited [1] - There are upward risks to demand resilience in the Asian region due to supply chain shifts and geopolitical dynamics, while the global container shipping industry continues to face a downward cycle [1] - A significant deterioration in trade between China and Japan could pose risks to SeaFeast International due to its relatively high exposure to Japanese routes [1]