中远海运特种运输股份有限公司2025 年第一季度报告 中远海运特种运输股份有限公司 2025 年第一季度报告 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：600428 证券简称：中远海特 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人张炜先生、主管会计工作负责人李继春先生及会计机构负责人（会计主管人员）任纬 浩先生保证季度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 1 / 14 单位：元 币种：人民币 项目 本报告期 上年同期 本报告期比上年同期 增减变动幅度(%) 营业收入 5,196,010,995.19 3,430,372,592.47 51.47 归属于上市公司股东的净利润 345,342,532.73 340,051,551.20 1.56 归属于上市公司股东的扣除非 经常性损益的净利润 348,7 ...

北京市竞天公诚律师事务所 关于 中远海运特种运输股份有限公司 控股股东增持股份的 法律意见书 競天公誠律師事務所 JINGTIAN & GONGCHENG 中国北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮编: 100025 34/F, Tower 3, China Central Place, 77 Jianguo Road, Beijing 100025, China T: (86-10) 5809 1000 F: (86-10) 5809 1100 二零二五年四月 法律意见书 北京市竞天公诚律师事务所 关于中远海运特种运输股份有限公司 控股股东增持股份的 法律意见书 致:中远海运特种运输股份有限公司 北京市竞天公诚律师事务所受中远海运特种运输股份有限公司(下称"公 司"或"中远海特")委托,根据《中华人民共和国公司法》(下称"《公司 法》")、《中华人民共和国证券法》(下称"《证券法》")、《上市公司收购管理办 法》(下称"《收购管理办法》")及《上海证券交易所上市公司自律监管指引第 8 号一股份变动管理》等有关法律法规(下称"法律法规")的有关规定,按照 《律师事务所从事证券法律业务 ...

证券代码：600428 证券简称：中远海特 公告编号：2025-025 中远海运特种运输股份有限公司 关于控股股东增持计划实施完毕 暨增持结果的公告 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： 一、增持主体的基本情况 （一）增持主体名称及与公司的关系：中国远洋运输有 限公司，为公司直接控股股东。 （二）增持主体已持有股份的数量、占公司总股本的比 例 ： 本 次 增 持 前 ， 中 国 远 洋 运 输 有 限 公 司 持 有 公 司 1 增持计划内容：公司间接控股股东中国远洋海运集团有限公司决 定由中远海运集团全资子公司中国远洋运输有限公司通过上海证 券交易所以集中竞价交易方式增持公司 A 股股份，增持计划的实 施期限为自 2024 年 10 月 21 日起 6 个月，增持不设定价格区间， 增持总金额不低于人民币 1.44 亿元，不超过人民币 2.88 亿元。 增持计划实施结果：自增持计划公布以来，截至本公告披露之日， 中国远洋运输有限公司通过上海证券交易所以集中竞价交易方式 累计增持公司 42,266,20 ...

中远海运特种运输股份有限公司 第四章 股东和股东大会 第五章 董事会 章程 二○二五年四月 公司章程 目 录 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第六章 党委 第七章 首席执行官/总经理和其他高级管理人员 公司章程 第八章 监事会 第一节 监事 第二节 监事会 第九章 财务会计制度、利润分配、审计与法律顾问制度 第四节 总法律顾问（首席合规官）制度 1 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第一节 股东 第二节 股东大会的一般规定 第三节 股东大会的召集 第四节 股东大会的提案与通知 第五节 股东大会的召开 第六节 股东大会的表决和决议 第一节 董事 第二节 董事会 第三节 独立董事 第四节 董事会秘书 第十章 通知与公告 第一节 通知 第二节 公告 第十一章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十二章 修改章程 第十三章 附则 2 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 公司章程 第八条 公司的法定代表人由董事长担任。担任法定代表人的董事辞任的，视为 同时辞去法定代表人。法定代表人辞任的， ...

证券代码：600428 证券简称：中远海特 公告编号：2025-024 | 1 | 第六条 | 公司注册资本为人民币 | 第六条 | 公司注册资本为人民币 | | --- | --- | --- | --- | --- | | 序号 | 2,146,650,771 | 原《公司章程》条款 元。 | 修订后条款 2,743,920,395 | 元。 | | 序号 | | 原《公司章程》条款 | | 修订后条款 | | | --- | --- | --- | --- | --- | --- | | 2 | 第 二 十 条 | | 公 司 股 份 总 数 为 | 第二十条 | 公司股份总数为 | | | 2,146,650,771 | | 股，公司的股本结构 | 2,743,920,395 | 股，公司的股本结构 | | | 为：普通股 | | 2,146,650,771 股，其他 | 为：普通股 | 2,743,920,395 股，其他 | | | 种类股 0 | 股。 | | 种类股 0 股。 | | 除上述条款外，《公司章程》的其他条款内容保持不变。 中远海运特种运输股份有限公司 关于变更公司注册资本 暨修订 ...

Investment Rating - The investment rating for the company is "Buy" [2] - The previous rating was also "Buy" [2] - The market price is RMB 5.91 [2] Core Views - The report highlights that the company achieved record highs in both profit and dividends, with a revenue of RMB 16.78 billion in 2024, representing a year-on-year growth of 37.57%, and a net profit of RMB 1.53 billion, up 43.82% year-on-year [4][9] - The growth is attributed to the booming market for specialized vessels, particularly in the pulp and automotive shipping sectors, which are expected to continue driving performance [4][9] - The company is projected to deliver 53 new vessels in 2025, which will further enhance its capacity and profitability [6] Financial Performance - The company reported a significant increase in operating cash flow, reaching RMB 3.62 billion, a 23.74% increase year-on-year [9] - Total assets grew by 26.43% to RMB 34.93 billion, with a return on equity (ROE) of 12.74%, up 3.11 percentage points [9] - The company plans to distribute a cash dividend of RMB 2.79 per 10 shares, totaling RMB 766 million, with a dividend payout ratio of 50.02% [9] Revenue and Profit Forecast - The forecast for revenue and net profit from 2025 to 2027 is as follows: - 2025: Revenue of RMB 19.82 billion, net profit of RMB 1.94 billion - 2026: Revenue of RMB 22.98 billion, net profit of RMB 2.36 billion - 2027: Revenue of RMB 23.99 billion, net profit of RMB 2.67 billion - The expected growth rates for net profit are 26.6%, 21.9%, and 13.1% for the respective years [8][12] Market Position and Strategy - The company is well-positioned in the global specialized vessel market, with a focus on expanding its pulp and automotive shipping capacities [9] - The report indicates that the demand for multi-purpose and heavy-lift vessels is expected to remain strong due to global economic recovery and infrastructure projects [9] - The company aims to leverage its new vessel deliveries to enhance operational scale and market competitiveness [9]

Core Viewpoint - The company, COSCO Shipping Specialized Carriers, is experiencing significant growth in the specialized shipping market, with a projected revenue increase and expansion in fleet capacity for 2024 [1][2]. Financial Performance - In 2024, the company achieved a revenue of 16.78 billion yuan, a year-on-year increase of 37.57%, and a net profit attributable to shareholders of 1.531 billion yuan, up 43.82% [1]. - For Q1 2025, the company reported a revenue of 5.196 billion yuan, a 51.47% increase year-on-year, and a net profit of 345 million yuan, which is a 1.56% increase [2]. Market Dynamics - The company noted that the multi-purpose heavy-lift and semi-submersible vessels saw a rise in charter rates, with the average rate for multi-purpose heavy-lift vessels increasing from $14,400 to $48,600 per operating day, a growth of 238.56% [4]. - The company is expanding its market presence by launching new shipping routes and optimizing cargo structures, leading to increased transportation volumes for key goods like pulp and automobiles [2][4]. Strategic Outlook - The company anticipates a complex shipping market in 2025 due to geopolitical uncertainties, including the ongoing Red Sea crisis and potential impacts from tariff policies [4][5]. - The multi-purpose heavy-lift vessel market is expected to maintain a stable growth trajectory, driven by global economic recovery and increased demand for equipment transportation [5].

Financial Performance - In Q1 2025, the company reported a revenue of ¥519,601.10 million, representing a 51.47% increase compared to ¥343,037.26 million in the same period last year[2] - Operating profit for Q1 2025 was ¥53,333.71 million, up 31.83% from ¥40,456.18 million year-over-year[2] - Net profit reached ¥45,813.14 million, a 33.79% increase from ¥34,242.13 million in the previous year[2] - The net profit attributable to shareholders was ¥34,534.25 million, showing a slight increase of 1.56% from ¥34,005.16 million[2] Asset and Investment - Total assets at the end of the reporting period were ¥4,017,843.65 million, reflecting a 15.03% increase from ¥3,492,864.55 million at the beginning of the period[2] - The weighted average return on net assets decreased by 0.19 percentage points to 2.71% from 2.90% year-over-year[2] - The company emphasizes the importance of investor awareness regarding potential investment risks due to the preliminary nature of the financial data[5] Operational Enhancements - The company enhanced its service capabilities by upgrading its fleet and expanding key market routes, including direct services to Southeast Africa and Mediterranean auto shipping routes[4] - Core cargo transportation volumes, including pulp, vehicles, and wind power equipment, experienced year-over-year growth, contributing to the strong operational performance in Q1[4] - The company did not record any asset disposal gains in the current period, contrasting with ¥43.82 million in gains from the disposal of old vessels in the same period last year[4]

证券代码：600428 证券简称：中远海特 公告编号： 2025-022 中远海运特种运输股份有限公司 关于召开 2024 年年度业绩说明会的公告 中远海运特种运输股份有限公司（以下简称"公司"）已于 2025 年 3 月 28 日披露公司 2024 年年度报告，为便于广大投资者更全面深 入地了解公司 2024 年度经营成果、财务状况，公司计划于 2025 年 4 月 9 日 （星期三） 16:00-17:00 举行 2024 年度业绩说明会，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网络互动形式召开，公司将针对 2024 年年度 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： 会议召开时间：2025 年 4 月 9 日 （星期三） 16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 4 月 1 日 ...

Investment Rating - The investment rating for the company is "Buy" [8] Core Views - The company reported a revenue of 16.78 billion RMB in 2024, a year-on-year increase of 37.6%, and a net profit of 1.53 billion RMB, up 43.8% year-on-year, driven by an increase in fleet size and cargo volume [1] - The company plans to add 53 vessels in 2025, which will increase the fleet size by 35.1%, potentially boosting profitability further [1] - The company maintains a strong position in the specialized shipping sector, which is less volatile compared to other shipping segments [1] Revenue and Profitability - The revenue from multi-purpose vessels reached 3.62 billion RMB in 2024, with a gross profit of 670 million RMB, reflecting a significant increase of 245.5% year-on-year [2] - The revenue from pulp carriers was 4.41 billion RMB, a year-on-year increase of 73.6%, with a gross profit of 760 million RMB, up 125.1% [3] - The company has established strong partnerships with major pulp manufacturers, enhancing its competitive edge [3] Profit Forecasts - The net profit forecast for 2025 has been raised by 30% to 1.92 billion RMB, and for 2026 by 42% to 2.22 billion RMB [5] - The target price has been adjusted upward by 15% to 7.60 RMB, based on a price-to-book ratio of 1.5 times the estimated book value per share for 2025 [5] Fleet Expansion - The total number of vessels is expected to increase from 151 in 2024 to 204 in 2025, marking a growth of 35.1% [13] - The company’s fleet of pulp carriers has expanded significantly, positioning it as the second largest globally [3] Financial Metrics - The company’s earnings per share (EPS) for 2025 is projected to be 0.70 RMB, with a return on equity (ROE) of 13.71% [7] - The price-to-earnings (PE) ratio is expected to decrease to 9.57 times in 2025, indicating a favorable valuation [7]