厦门象屿股份有限公司关于增加2026年度日常关联交易额度的公告——投资者深度解析

一、公告要点

• 公司名称：厦门象屿股份有限公司 (股票代码：600057)
• 公告内容：公司拟增加2026年度日常关联交易额度8亿元（人民币），主要用于与厦门金融租赁有限公司的船舶销售交易。
• 本次额度调整的决策权：本事项仅需公司董事会决策，无需提交股东大会审议。
• 董事会表决结果：15票同意，0票反对，0票弃权，通过率100%。

二、详细内容解读

1. 本次增加关联交易额度的基本情况

公司于2026年4月22日召开第十届董事会第五次会议，审议通过《关于增加2026年度日常关联交易额度的议案》，同意增加额度8亿元。此次增加额度是基于公司与厦门金融租赁有限公司业务实际发展需要，原额度为13亿元，增加后总额度达21亿元。
特别说明，2026年1-3月期间尚未发生相关交易，因船舶尚未完工交付。

2. 关联方及关联关系说明

• 关联方：厦门金融租赁有限公司
• 注册资本：10亿元人民币
• 成立时间：2017年11月15日
• 法定代表人：谢滨侨
• 注册地址：中国（福建）自由贸易试验区厦门片区（保税区）屿南四路3号两岸贸易中心C栋11-12层
• 主要业务：金融租赁服务、融资租赁、资产受让/转让、同业拆借、固定收益投资等
• 关联关系说明：公司控股股东象屿集团的副董事长谢滨侨先生同时为厦门金融租赁有限公司董事长，构成关联交易。
• 履约能力：厦门金融租赁有限公司为依法存续且经营正常的公司，履约能力较强。

3. 交易定价政策

公司2026年度日常关联交易价格将严格遵循市场公允定价原则，主要政策如下：

• 如有政府定价，执行政府定价。
• 如有政府指导价，在指导价范围内合理定价。
• 如有可比独立第三方市场价格或标准，优先参考该价格。
• 如无第三方价格，则参考关联方与第三方非关联交易价格。
• 如均无参考价格，则以合理成本加合理利润构成价格为依据。

4. 对公司及股东的影响

本次增加额度属于公司正常生产经营所需，有助于保障公司船舶销售业务的顺利开展。所有交易均将在市场公允价格基础上进行，有利于公司稳定经营和业务发展。董事会明确，本次交易不会损害公司及股东，特别是中小股东的利益。

三、投资者需关注的潜在影响与价格敏感信息

• 本次公告显示公司未来与厦门金融租赁有限公司的船舶销售存在大额预期交易，可能带来显著收入增长，或对公司业绩产生积极影响。
• 由于该关联交易额度的增加达到8亿元人民币，且原定年度额度提升至21亿元，体现出公司船舶业务订单充足，有望提升资本市场对公司业绩的预期。
• 本次额度调整无需提交股东大会审议，显示公司治理决策效率较高，但投资者需关注关联交易的规范性和独立性，密切关注后续实际交易落实情况。
• 如后续船舶销售顺利交付并确认收入，将直接影响公司2026年度的收入和利润表现，属于价格敏感信息。

四、结论

此次厦门象屿股份有限公司关于2026年度日常关联交易额度的增加，显示出公司业务发展势头良好，未来船舶销售有望带来大额业绩增长。投资者应密切关注相关交易的实际执行进度及对公司业绩的具体影响，谨慎评估由此带来的公司价值变动。

免责声明：本文基于厦门象屿股份有限公司公开披露的公告材料整理，仅供投资者参考，不构成任何投资建议。投资有风险，决策需谨慎。

English Version

Xiamen Xiangyu Co., Ltd. Announces Increase in 2026 Related-Party Transaction Quota – In-Depth Investor Analysis

1. Key Highlights

• Company: Xiamen Xiangyu Co., Ltd. (Stock Code: 600057)
• Announcement: The company intends to increase its 2026 annual related-party transaction quota by RMB 800 million, primarily for ship sales transactions with Xiamen Financial Leasing Co., Ltd.
• Decision Authority: Only requires board approval, not subject to shareholder meeting.
• Board Vote: 15 votes in favor, 0 against, 0 abstentions, 100% approval.

2. Detailed Content Analysis

1. Basic Situation on Increased Related-Party Transaction Quota

On April 22, 2026, the company’s 10th Board of Directors held its 5th meeting and approved the proposal to increase the annual related-party transaction quota for 2026 by RMB 800 million. This increase is determined by the actual business development needs with Xiamen Financial Leasing Co., Ltd. The original quota was RMB 1.3 billion, rising to RMB 2.1 billion after the increase.
It is noted that from January to March 2026, no related transactions have occurred yet, as the vessels involved have not been completed or delivered.

2. Related Party and Relationship Details

• Related Party: Xiamen Financial Leasing Co., Ltd.
• Registered Capital: RMB 1 billion
• Established: November 15, 2017
• Legal Representative: Xie Binqiao
• Registered Address: 11-12/F, Building C, Cross-Strait Trade Center, No.3 Yunan 4th Road, Xiamen Free Trade Zone
• Main Business: Financial leasing, asset transfer, interbank lending, fixed income investments, etc.
• Relationship: Mr. Xie Binqiao, Vice Chairman of Xiangyu Group (the controlling shareholder), is also Chairman of Xiamen Financial Leasing, thus forming a related-party transaction under exchange rules.
• Performance Capability: Xiamen Financial Leasing is a legally existing and well-operating company with strong contract performance ability.

3. Transaction Pricing Policy

The 2026 related-party transactions will strictly adhere to market-fair pricing principles, specifically:

• Government pricing if applicable.
• Government guidance price if applicable, within the guided range.
• If comparable independent third-party market prices or standards exist, these are prioritized.
• If none, refer to non-related third-party transaction prices.
• If unavailable, use reasonable cost plus reasonable profit as the basis.

4. Impact on the Company and Shareholders

This quota increase is for regular business needs and will ensure the smooth conduct of ship sales. All transactions will be carried out at market-fair prices and are expected to be beneficial for the company’s stable operations and business growth. The board emphasizes that this transaction will not harm the interests of the company or its shareholders, especially minority shareholders.

3. Potential Impact and Price-Sensitive Information for Investors

• The announcement signals substantial expected ship sales to Xiamen Financial Leasing, which could significantly boost revenues and impact company performance positively.
• The increase of the quota by RMB 800 million, taking the annual total to RMB 2.1 billion, indicates strong ship order inflows, likely to improve market expectations for earnings.
• No shareholder meeting needed for this adjustment, showing high decision-making efficiency, but investors should monitor the independence and compliance of such related-party transactions and watch for actual transaction execution.
• Upon successful delivery and revenue recognition of the ships, the company’s 2026 revenue and profit will be directly affected, constituting price-sensitive information.

4. Conclusion

The increase in Xiamen Xiangyu’s 2026 related-party transaction quota demonstrates robust business prospects, with significant ship sales expected to drive earnings growth. Investors should closely track contract execution and its real impact on company performance, and carefully assess any resulting changes in company valuation.

Disclaimer: This article is based on public disclosures by Xiamen Xiangyu Co., Ltd. and is for investor reference only. It does not constitute investment advice. Investments involve risk—please make decisions prudently.

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