证券代码：600428 证券简称：中远海特 公告编号：2026-004 中远海运特种运输股份有限公司 关于为半潜船合资公司提供担保的公告 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： 担保对象及基本情况 1 （一）担保的基本情况 为满足日常经营及业务发展的需求，中远海运特种运输股 份有限公司（以下简称"公司"）拟为持股 65%的子公司中远海 运广州打捞局半潜船运输有限公司（以下简称"半潜船合资公 司"）提供不超过 4058.74 万美元的担保，具体的担保期限根 据项目实际执行情况，以最终签订的合同约定为准。 （二）内部决策程序 为满足公司业务需求，公司于 2025 年 12 月 31 日召开第 九届董事会第五次会议，审议通过《关于对半潜船合资公司提 供担保的议案》，本次担保尚需提交公司股东会审议批准。 2 被担保人类型 法人 □其他______________（请注明） 被担保人名称 中远海运广州打捞局半潜船运输有限公司 被担保人类型及上市公 司持股情况 □全资子公司 控股子公司 □参股公司 □其他_____ ...

证券简称：中远海特 证券代码：600428 公告编号：2026-003 中远海运特种运输股份有限公司 关于建造 4 艘 4 万吨级多用途重吊船的公告 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、交易概述 为了加快推进公司发展战略转型升级，进一步做优、做强多 用途重吊船船队，经第九届董事会第五次会议审议通过，将由公 司全资子公司中远航运（香港）投资发展有限公司作为投资主体， 在中船澄西船舶修造有限公司（以下简称"中船澄西"）投资建造 4 艘 4 万吨级多用途重吊船。船价合计金额为 149,200 万元人民币。 二、交易对方简介 中远海运特种运输股份有限公司（以下简称"公司"）第九届董事 会第五次会议审议通过由公司全资子公司中远航运（香港）投资发 展有限公司作为投资主体，在中船澄西船舶修造有限公司（以下简 称"中船澄西"）投资建造 4 艘 4 万吨级多用途重吊船。船价合计 金额为 149,200 万元人民币。 本次交易未构成关联交易，也未构成重大资产重组。 本次交易无需提交公司股东会审议批准。 1 号，注册 ...

中信建投证券股份有限公司 关于中远海运特种运输股份有限公司与中国远洋海运集团有限公司 签订 2026-2028 年日常关联交易合同暨关联交易的核查意见 中信建投证券股份有限公司作为中远海运特种运输股份有限公司（以下简称 "中远海特"、"公司"）的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交易所上市公司自律监管指引第 5 号——交易与关 联交易》等相关规定，对公司与中国远洋海运集团有限公司（以下简称"中远海 运集团"）签订2026-2028年日常关联交易合同暨关联交易事项进行了审慎核查， 具体情况如下： 一、本次关联交易基本情况 根据业务开展需要，公司于 2025 年 12 月 31 日与中远海运集团签订新一期 《关于购买商品和接受劳务等服务方面的关联交易合同》，确定 2026-2028 年各 类日常关联交易年度交易金额上限。 （一）关联交易履行的审议程序 2025 年 12 月 31 日，公司召开第九届董事会第五次会议，审议通过了关于 与中远海运集团签订框架性日常关联交易合同的议案，同意与中远海运集团签订 ...

每经AI快讯，中远海特12月31日晚间发布公告称，为满足日常经营及业务发展的需求，公司拟为持股 65%的子公司中远海运广州打捞局半潜船运输有限公司（简称"半潜船合资公司"）提供不超过4058.74万 美元的担保，具体的担保期限根据项目实际执行情况，以最终签订的合同约定为准。截至2025年12月31 日，公司对外担保余额约为30.79亿元人民币，占公司2024年末净资产的比例为22.33%。 每经头条（nbdtoutiao）——最高返现60%！惠民保年末销售乱象调查：业务员"贴钱"冲考核，谁在"赔 本赚吆喝"？ （记者 贾运可） ...

Core Viewpoint - The company, COSCO Shipping Specialized Carriers, announced a framework agreement for daily related transactions with its indirect controlling shareholder, China COSCO Shipping Group, and its subsidiaries for the period from 2026 to 2028, ensuring fair and transparent pricing to protect the interests of the company and its shareholders [1] Group 1 - The framework agreement is valid for three years, from January 1, 2026, to December 31, 2028 [1] - The agreement will be subject to approval by the company's shareholders, with related shareholders required to abstain from voting [1] - Upon expiration, the agreement will automatically renew unless either party raises objections, until a new contract is signed and effective [1]

Core Viewpoint - China COSCO Shipping Specialized Carriers Co., Ltd. (中远海特) is advancing its strategic transformation by investing in the construction of four 40,000-ton multi-purpose heavy-lift vessels, with a total investment of 1.492 billion RMB [1] Group 1 - The investment will be executed through the wholly-owned subsidiary, COSCO Shipping (Hong Kong) Investment Development Co., Ltd. [1] - The construction will take place at China Shipbuilding Chengxi Shipyard Co., Ltd. [1] - The decision was approved during the fifth meeting of the ninth board of directors [1]

Core Viewpoint - The company has signed a new related party transaction contract with China Ocean Shipping Group Co., Ltd. for the period from 2026 to 2028, establishing annual transaction limits for various daily related transactions [1] Summary by Category - **Annual Transaction Limits**: The expected annual transaction limits for various services are as follows: - Ship services: 2 billion yuan - Ship leasing: 2.5 billion yuan - Collection and payment services: 8 billion yuan - Fuel purchase: 1.595 billion yuan - Labor services: 2.09 billion yuan - Asset management: 28 million yuan - Property leasing: 20 million yuan - Trademark licensing: 1 yuan [1]

Core Viewpoint - The stock of China COSCO Shipping Specialized Carriers Co., Ltd. (中远海特) has shown a positive trend with a 4.54% increase in price year-to-date, reflecting a stable performance in the shipping industry [2]. Group 1: Stock Performance - As of December 29, the stock price increased by 2.09% to 7.34 CNY per share, with a trading volume of 1.07 billion CNY and a turnover rate of 0.60%, resulting in a total market capitalization of 20.14 billion CNY [1]. - The stock has experienced a 0.00% change over the last five trading days, a 0.55% increase over the last 20 days, and an 11.89% increase over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 16.61 billion CNY, representing a year-on-year growth of 37.92%, while the net profit attributable to shareholders was 1.33 billion CNY, up by 10.54% [2]. - The company has distributed a total of 3.69 billion CNY in dividends since its A-share listing, with 1.64 billion CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 9.92% to 78,500, while the average circulating shares per person increased by 26.46% to 31,133 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 25.02 million shares, a decrease of 16.57 million shares from the previous period, while China Europe Dividend Flexible Allocation Mixed A (004814) is a new shareholder with 12.97 million shares [3].

Investment Rating - The report rates the transportation industry as "Outperform" [2] Core Insights - Crude oil freight rates have significantly decreased, while long-distance shipping rates have increased. The China Import Crude Oil Composite Index (CTFI) dropped by 40.6% to 1354.35 points as of December 25. Meanwhile, shipping rates from Shanghai to Europe and the US have risen by 10.2% and 9.8% respectively [3][14] - The National Development and Reform Commission (NDRC) has issued a trial classification for the low-altitude economy, aiming to clarify the concept and boundaries of the industry. This classification includes a framework of "4 categories + 23 subcategories + 65 small categories" [3][15][16] - China's high-speed rail operating mileage has surpassed 50,000 kilometers, marking a significant milestone in global rail infrastructure. This expansion supports logistics networks and enhances regional connectivity [3][21] Industry Dynamics Shipping and Logistics - The Baltic Air Freight Index has shown a month-on-month decline, while domestic air freight volumes decreased by 2.03% in November 2025. Conversely, international air freight volumes increased by 14.88% [4][35] - The Shanghai Containerized Freight Index (SCFI) reported a week-on-week increase of 6.66% but a year-on-year decrease of 32.68% [39] - In November 2025, the total express delivery volume reached 180.60 billion pieces, a year-on-year increase of 5.00%, while revenue decreased by 3.70% [52] Investment Recommendations - The report suggests focusing on the industrial goods export chain, recommending companies such as COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics. It also highlights opportunities in the low-altitude economy, road and rail sectors, and e-commerce logistics [5]

Summary of Zhongyuan Shipping Conference Call Company Overview - **Company**: Zhongyuan Shipping (中远海特) - **Industry**: Shipping and Logistics Key Points Financial Performance - **Net Profit Growth**: Non-recurring net profit increased by over 30% year-on-year, driven by team expansion, stable long-term contracts, and high-value cargo transportation such as energy storage cabinets and wind power equipment [2][3] - **Revenue**: Achieved approximately 16.6 billion yuan in revenue for Q3 2025, a year-on-year increase of 37.92%. Expected to exceed 20 billion yuan for the full year [3] - **Quarterly Growth**: Each quarter's net profit showed sequential growth despite overall market downturns [2][3] Fleet and Operations - **Fleet Expansion**: Plans to receive over 50 new ships in 2025, contributing to revenue and profit growth [3] - **Cargo Types**: Multi-purpose heavy-lift vessels benefited from the booming wind power equipment export market, with over 8,000 energy storage cabinets transported from January to November 2025, compared to 1,600 the previous year [3] - **Stability in Other Segments**: Pulp carriers maintained stable earnings through long-term contracts, while semi-submersible vessels enjoyed high profitability due to the offshore wind market [4] Strategic Focus - **Business Shift**: Plans to divest from the loss-making timber shipping business, focusing on multi-purpose heavy-lift, container, semi-submersible, and automotive transportation [2][4] - **Market Demand**: Anticipates strong demand for specialized cargo due to China's advanced manufacturing exports and global energy transition [5] Market Outlook - **Container Shipping Market**: Expected negative impact from the resumption of Red Sea routes, but limited overall effect on the company due to low correlation with the container shipping market [5][6] - **Future Growth**: Strong growth potential for specialized cargo types, with expectations for continued demand in wind power and energy storage equipment [5] Competitive Advantages - **Market Positioning**: Focus on larger tonnage transport, differentiating from traditional shipping companies that target smaller vessels [7] - **Partnerships**: Long-term collaborations with major clients like Siemens and Goldwind enhance operational capacity [7] Financial Strategy - **Cash Flow Management**: Improved cash flow from operational activities, with plans to maintain a 50% dividend policy despite financial pressures [11][12] - **Funding for Expansion**: Engaged in a 3.5 billion yuan capital increase to alleviate cash flow pressure, with a significant portion allocated to container leasing [11] Future Plans - **New Ship Deliveries**: Plans to deliver 5 pulp carriers, 3 heavy-lift vessels, 4 roll-on/roll-off ships, and 4 asphalt carriers in 2026 [10] - **Market Adaptation**: Multi-purpose vessels can dynamically adjust cargo types based on market demand, enhancing operational flexibility [6] Conclusion - **Overall Outlook**: Despite challenges in the shipping market, Zhongyuan Shipping is positioned for growth through strategic fleet expansion, focus on high-value cargo, and strong partnerships, with a commitment to maintaining financial stability and shareholder returns [5][12]