Investment Rating - The report indicates a stable outlook for the port industry, with a focus on infrastructure and domestic demand supporting the industry fundamentals [7][8]. Core Insights - The growth rate of cargo and container throughput in Chinese ports is slowing down, influenced by GDP and import-export growth deceleration. Coastal ports dominate in terms of throughput, with significant differentiation in growth rates among major ports [8][9]. - Since 2018, investment in inland waterway transportation has consistently exceeded that of coastal ports, leading to structural overcapacity in coastal ports. However, there remains a demand for terminal upgrades, optimization of port layouts, and channel construction, with a clear trend towards larger and more specialized port berths [8][9]. - The overall revenue of sampled port enterprises is steadily increasing, with strong operational cash flow capabilities. Future capital expenditures are expected to remain substantial due to increased financing driven by port-related project investments [8][9]. - The report anticipates that global economic growth will remain low, with uncertainties surrounding trade policies potentially impacting China's foreign trade. However, domestic demand is expected to expand, providing some support for port throughput [8][9]. Industry Overview Macroeconomic Environment - In 2025, China's economy is projected to stabilize, with domestic demand expected to support cargo throughput at ports. The economic policies are characterized by a multi-dimensional collaborative approach, focusing on stabilizing growth and enhancing domestic consumption [9][10]. - The port industry is highly sensitive to macroeconomic cycles, with the performance of cargo and container throughput closely linked to economic conditions and foreign trade developments [10][11]. Industry Policies and Regulatory Environment - The government has introduced various policies to guide the development of smart, green, safe, and efficient ports, aiming to enhance the competitive capabilities of ports through a market-oriented pricing system [11][12]. - Recent policies emphasize the integration of rail-water transport and the construction of a modern comprehensive transportation system, with significant investments expected in port infrastructure [11][12]. Industry Operating Conditions - The throughput growth of Chinese ports has shown signs of slowing down, with a notable differentiation in growth rates among major coastal ports. In 2024, the total cargo throughput reached 1,759.5 million tons, growing by 3.7% [16][20]. - Container throughput growth has also slowed, with a total of 33.2 million TEUs in 2024, reflecting a 7.0% increase [17][20]. Financial Performance - Sampled port enterprises have shown steady revenue growth, with total revenue reaching 643.36 billion yuan in the first nine months of 2025, maintaining a stable operational performance [34][36]. - The cash flow from operating activities has been strong, with a cash income ratio exceeding 100%, indicating that cash flow can meet capital expenditure needs [36][39]. Debt Levels - The total debt of sampled port enterprises has increased, with a total debt of 1,162.86 billion yuan by September 2025, primarily for new terminal construction and upgrades [41][43]. - The short-term debt ratio is moderate, with a significant portion of financing coming from bank loans and bond issuances [41][43]. Debt Repayment Capacity - Most sampled port enterprises face manageable short-term repayment pressures, with strong long-term repayment capabilities. However, some enterprises have heavier debt burdens and historical personnel liabilities that require attention [44][45]. Bond Market Performance - The report notes a decrease in bond issuance rates for port enterprises, with a total of 180 bonds issued in 2025, reflecting a 7.57% increase in issuance scale [48][49].

"2026年1月份国内多家港口经营数据亮眼，既是我国外贸韧性持续显现的体现，也是港口行业高质量发 展成效的生动写照。"川财证券研究所所长陈雳在接受《证券日报》记者采访时表示，从行业展望来 看，我国港口群将进入"系统竞争力比拼"的新阶段，在全球供应链中占据核心地位。未来，随着港口智 能化、绿色化转型持续提速，自动化码头建设、清洁能源应用等领域将持续突破，港口作业效率与综合 服务能力将进一步提升。 与此同时，随着春节临近，全国各地企业集中安排节前出货，多个港口迎来周期性物流高峰。在此背景 下，各大港口精准施策、主动作为，保障物流畅通。 近日，多家港口披露1月份经营数据，集装箱吞吐量、货物吞吐量等关键指标同比均实现稳步增长。 例如，广州港股份有限公司（以下简称"广州港"）1月份预计完成集装箱吞吐量243.8万标准箱，同比增 长14.5%；预计完成货物吞吐量5078.2万吨，同比增长12.7%。 深圳港集团有限公司1月份集装箱吞吐量达329.8万标箱、同比增长8.9%，打破单月箱量历史最高纪录， 其中重箱吞吐量同比增长4.9%、占比66%，港口运行实现良好开局。 上海国际港务（集团）股份有限公司（以下简称"上港集团" ...

（文章来源：证券日报） 证券日报网讯 2月4日，宁波港发布公告称，2026年2月4日，公司第六届董事会第二十四次会议以书面 传签方式召开，会议审议并通过了《关于聘任宁波舟山港股份有限公司副总经理的议案》，全体董事一 致同意聘任吴昌攀先生为公司副总经理，任期自本次董事会审议通过之日起至公司第六届高级管理人员 任期届满止，任期届满可以续聘。 ...

证券代码：601018 证券简称：宁波港 编号：临 2026-004 债券代码：175812 债券简称：21 宁港 01 宁波舟山港股份有限公司 关于聘任公司副总经理的公告 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。 表决结果：16 票同意，0 票反对，0 票弃权。 2026 年 2 月 4 日，宁波舟山港股份有限公司（以下简称"公司"） 以书面传签方式召开了第六届董事会第二十四次会议，本次会议于 2026 年 1 月 30 日以书面方式通知了全体董事。 公司董事长陶成波、董事金星、丁送平、任小波、滕亚辉、李文 波、柳长满、陈志昂、胡绍德、刘士霞、于永生、赵永清、潘士远、 肖汉斌、肖英杰、刘杰参加了本次会议。本次会议符合《公司董事会 议事规则》规定的召开方式，且达到了《中华人民共和国公司法》和 《公司章程》规定的召开董事会会议法定董事人数。 本次会议审议并通过了《关于聘任宁波舟山港股份有限公司副总 经理的议案》，全体董事一致同意聘任吴昌攀先生为公司副总经理， 任期自本次董事会审议通过之日起至公司第六届高级管理人员任期 届 ...

（记者 王瀚黎） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯，宁波港2月4日晚间发布公告称，本次会议审议并通过了《关于聘任宁波舟山港股份有限 公司副总经理的议案》，全体董事一致同意聘任吴昌攀先生为公司副总经理，任期届满可以续聘。 每经头条（nbdtoutiao）——特朗普的"完美人选"颠覆美联储？解码凯文·沃什的"新政构想"：左手放水 右手抽水，要靠AI驯服通胀，拒做美债"大买家" 每日经济新闻 ...

2026年春运期间，券商普遍认为出行市场呈现高景气度，交通运输相关板块，尤其是航空和旅游服务， 有望迎来显著的业绩改善和需求释放。 交通运输ETF（159666）及其联接基金（019405/019404）是全市场唯一跟踪中证全指运输指数的ETF基 金，其涵盖了A股市场包括物流、铁路公路、航运港口、机场等，能够充分反映出A股运输行业上市公 司的整体表现。 （文章来源：每日经济新闻） 2026年2月4日，A股三大指数涨跌不一。交通运输ETF（159666）上涨1.48%，持仓股中国东航涨超 7%，华夏航空涨超5%，宁波港涨超4%。 2026年春运将于2月2日开启，至3月13日结束，为期40天。此次9天"超长"春节假期的春运，返乡探亲与 旅游出行需求叠加释放，预计春运期间全社会跨区域人员流动量将达到95亿人次，创下历史新高。 据预测，2026年春运全国民航旅客运输量有望达到9500万人次，日均238万人次，同比增长约5.3%。截 至2026年1月19日，春运首日国内航线的机票预订量超52万张；出入境航线机票预订量超18万张。2026 年春运全社会跨区域人员流动量将达95亿人次，预计创历史新高。1月19日春运火车票开 ...

2月3日，记者从浙江海事局获悉，2026年春运首日，浙江沿海港口重点物资运输量达到近230万吨。 据了解，春节期间，电力负荷增加、企业生产及民生消费需求集中，对能源、粮食、农资等物资的保通 保畅提出了更高要求。 为应对挑战，浙江海事部门提前部署，建立了"政企港"多方会商机制，精准摸排重点企业运输需求，并 创新实施"一船一策"个性化保障方案；在全省范围内为重点物资运输船舶开辟"绿色通道"，提供优先进 港、优先锚泊、优先检查等便利服务，使船舶通行效率整体提升30%以上。 春运期间，浙江海事部门将严格执行24小时应急值守，计划投入14艘海巡艇重点布防于关键水域。同 时，通过建立"点对点"气象预警信息推送机制，提前应对冬季寒潮大风等恶劣天气对海上运输的影响。 今年春运自2月2日起至3月13日止。浙江海事局预计，在为期40天的春运中，浙江沿海港口将完成重点 物资运输近4000万吨，其中能源类物资占比预计超过6成。 2月2日是春运首日。在浙江沿海港口中，宁波舟山港的表现最为突出。其单日完成原油、液化天然气 (LNG)、电煤等能源物资运输约192万吨，有力支撑民生物资供应。 此外，温州港、台州港、嘉兴港等港口也高效完成重点 ...

今日聚焦 1、贵州茅台：累计回购41.69万股 已支付总金额为5.71亿元 贵州茅台2月3日公告，截至2026年1月底，公司已累计回购股份41.69万股，占公司总股本的比例为 0.0333%，购买的最高价为1418.37元/股、最低价为1322.6元/股，已支付的总金额为5.71亿元(不含交易 费用)。 2、宁德时代：累计回购1599.08万股，成交总金额为人民币43.86亿元 宁德时代2月3日公告，截至2026年1月31日，公司通过深圳证券交易所股票交易系统以集中竞价交易方 式累计回购公司A股股份1599.08万股，占公司同日A股总股本的0.3628%，最高成交价为317.63元/股， 最低成交价为231.5元/股，成交总金额为人民币43.86亿元(不含交易费用)。 3、泰凌微：第二大股东国家大基金减持232.13万股公司股份 泰凌微2月3日公告称，国家集成电路产业投资基金股份有限公司于2025年12月24日至2026年2月3日期 间，通过集中竞价方式减持公司股份232.13万股，持股比例由6.95%减少至5.97%，触及1%的整数倍。 4、耐普矿机：终止认购瑞士Veritas Resources AG股权 ...

Group 1 - Fulin Precision's subsidiary Jiangxi Shenghua invested 270 million yuan to establish a joint venture for a 500,000-ton ferrous oxalate project, with a total investment of 1.5 billion yuan expected to be completed by September 30, 2026 [1] - Xuguang Electronics plans to raise up to 1 billion yuan through a private placement to fund high-voltage vacuum arc extinguishing chamber expansion and other projects [2] - Minexplosion Optoelectronics intends to acquire 100% equity of Xiazhi Precision, with the transaction subject to shareholder and regulatory approvals [3] Group 2 - Shangluo Electronics' controlling shareholder plans to reduce his stake by up to 3% due to personal financial needs [4] - Babi Food reported a 1.3% decline in net profit for 2025, despite an 11.22% increase in revenue [5] - Pengding Holdings' subsidiary acquired industrial land in Huai'an for 66.14 million yuan [6] Group 3 - Zhuoyue New Energy's net profit for 2025 increased by 14.16%, despite a 17.43% decline in revenue [7] - Zhongyuan Media's net profit grew by 30.99% in 2025, with revenue decreasing by 5.13% [8] - Huangshan Tourism plans to invest approximately 530 million yuan in a hotel project with a 24-month construction period [9] Group 4 - *ST Jinling's restructuring plan was approved by the court, which may improve the company's financial situation [11] - Jichuan Pharmaceutical's subsidiary paid 80 million yuan for exclusive commercialization rights of a drug [12] - Pilin Bio's subsidiary received a notice for the acceptance of a drug supplement application [13] Group 5 - Nepe Mining terminated its investment in Swiss Veritas Resources AG due to changes in conditions [14] - Jinhui Wine announced a cash dividend of 0.20 yuan per share for the first three quarters of 2025 [15] - Hualan Biological's clinical trial for a new drug received approval for an additional indication [16] Group 6 - Industrial Fulian reported a total of 247 million yuan spent on share buybacks as of January 31, 2026 [17] - Yitong Century was pre-selected for a 107 million yuan project with China Tower [18] - Wanfeng Co. noted uncertainty in future price changes for disperse dyes [19] Group 7 - Bibet's clinical trial application for a new drug was approved by the National Medical Products Administration [21] - Chengbang Co. signed new project contracts worth 40.03 million yuan in Q4 2025 [22] - *ST Hengji received a court ruling for a performance compensation of 175 million yuan [23] Group 8 - Jihua Group is planning a change in control, leading to continued stock suspension [24] - Ningbo Port expects a container throughput of 5.03 million TEUs in January 2026, a 9.5% increase [25] - Hengli Petrochemical's actual controller increased his stake by 3.3 million shares [26] Group 9 - Hongfuhan signed a sales contract worth 480 million yuan with Guangdong Quanxiang [27] - All New Good's shareholder lifted a judicial freeze on 4.36% of the company's shares [28] - Changchun High-tech's subsidiary's clinical trial application for a new drug was accepted [29] Group 10 - Xingqi Eye Medicine's clinical trial for a new drug entered the first/second phase [31] - Hanma Technology reported a 140.04% increase in new energy heavy truck production in January 2026 [32] - Hengfeng Paper plans to invest 349 million yuan in a new green printing project [33] Group 11 - Zhifei Biological's mRNA vaccine for shingles received clinical trial approval [34] - Yutong Bus reported a 15.35% decrease in production in January 2026 [35] - StarNet Ruijie plans to sign a lease contract with an affiliate for a total rent of up to 110 million yuan [36] Group 12 - Hacheng Bonda's director completed a 0.97% share reduction [37] - Hendi Pharmaceutical's application for a new drug was approved [38] - Xinhua Medical's subsidiary received a medical device registration certificate [40] Group 13 - Yaokang Bio reported a 31.49% increase in net profit for 2025 [41] - Gaotie Electric reported a 14.02% increase in net profit for 2025 [42]

特此公告。 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。 2026年1月份，宁波舟山港股份有限公司预计完成集装箱吞吐量 503万标准箱，同比增长9.5%；预计完成货物吞吐量11200万吨，同 比增长4.8%。 本公告所载2026年1月份的业务数据属于快速统计数据，与最终 实际数据可能存在差异，请投资者注意投资风险。 证券代码：601018 证券简称：宁波港 编号：临 2026-003 债券代码：175812 债券简称：21 宁港 01 宁波舟山港股份有限公司 2026 年 1 月份主要生产数据提示性公告 宁波舟山港股份有限公司董事会 2026 年 2 月 4 日 ...