Core Viewpoint - Tianjin Port is recognized as a world-class artificial deep-water port and serves as a crucial international hub for the Beijing-Tianjin-Hebei region and the "Three Norths" area, facilitating comprehensive external openness [1] Group 1: Port Capabilities - Tianjin Port has advanced storage and loading capabilities for oversized cargo, meeting the operational needs of aerospace equipment [1] - The port features large berths and dedicated transport channels and storage areas, accommodating various specifications of oversized equipment for entry and storage [1] Group 2: Quality Management - A strict cargo quality management system is in place, implementing targeted protective processes for precision equipment to ensure safe and stable operations for aerospace equipment [1] - The port has successfully completed national-level aerospace equipment loading and unloading operations multiple times with "zero errors" [1] Group 3: Industry Focus - Currently, no commercial aerospace companies have partnered with Tianjin Port, but the port places high importance on the development of the national commercial aerospace industry [1] - Tianjin Port will continue to monitor the logistics needs associated with the commercial aerospace sector [1]

Core Viewpoint - Tianjin Port is recognized as the highest-grade artificial deep-water port in the world, serving as a maritime gateway for the Beijing-Tianjin-Hebei region and the "Three Norths" area, and functioning as an international hub for comprehensive openness [1] Group 1: Port Capabilities - The port has complete storage and loading capabilities for large cargo, meeting the operational needs of aerospace equipment [1] - The terminal companies within the port possess large berths and have established dedicated transport channels and storage areas to accommodate various specifications of large equipment [1] - A strict cargo quality management system is in place, implementing targeted protection processes for precision equipment to ensure safe and stable operations for aerospace equipment [1] Group 2: Operational Achievements - Tianjin Port has successfully completed national-level aerospace equipment loading and unloading operations multiple times with "zero errors" [1] Group 3: Future Focus - The port has not yet established cooperation with enterprises in the commercial aerospace sector but places high importance on the development of the national commercial aerospace industry and will continue to monitor related logistics demands [1]

Core Insights - Despite global trade uncertainties, China's port throughput has shown resilient growth, with a total of 16.75 billion tons handled in the first eleven months of 2025, marking a 4.4% year-on-year increase [1][2] - Major ports like Shanghai and Ningbo-Zhoushan have maintained their positions as global leaders, with Ningbo-Zhoushan becoming the first port to exceed 1.4 billion tons in annual throughput and Shanghai retaining the top spot in container throughput for the sixteenth consecutive year [1][5] - The growth in port throughput is attributed to China's increasing competitiveness in the global shipping system and the implementation of policies related to free trade zones and smart and green shipping [2][3] Port Performance - In 2025, major ports in China have reported significant increases in container throughput, with Ningbo-Zhoushan at 39.99 million TEUs (10.6% increase), Shenzhen at 32.41 million TEUs (6.6% increase), and Qingdao at 30.37 million TEUs (7.0% increase) [2] - Emerging ports like Yangpu and Beibu Gulf have also shown remarkable growth, with Yangpu's container throughput increasing by 65% year-on-year [1][5] Economic Context - The stable growth in port cargo and container volumes indicates the resilience of China's economy and international trade, even amidst external instability [3][6] - China's share of global container exports has risen from 34% in 2019 to 38% in 2025, reflecting the competitiveness of Chinese manufacturing and technology [5][6] Trade Route Developments - Chinese ports are expanding into emerging markets, with new international shipping routes being established to regions like the Middle East, Latin America, and Africa [6][7] - The trade volume with ASEAN countries grew by 8.5%, and trade with the EU increased by 5.4% in the first eleven months of 2025 [6] Future Trends - The implementation of smart and green shipping policies is expected to enhance the port industry, with a focus on digitalization and automation [13] - The establishment of new shipping routes, such as the "Sea Defense Silk Road Fast Shipping" line, indicates a shift towards more efficient logistics and trade networks [7][12]

Group 1 - The company, Tianjin Port, disclosed that as of the latest reporting period ending September 30, 2025, the total number of shareholders is 78,997 [2] - The total number of shareholders as of December 31, 2025, will be disclosed in the company's annual report for 2025 [2]

Group 1 - The core viewpoint highlights Tianjin's development as a key northern international shipping hub, emphasizing its commitment to innovation and ecological sustainability [1] - By the end of 2024, Tianjin Port's container throughput is expected to exceed 23.28 million standard containers, with an automation rate of over 88% for large container handling equipment and a 15% increase in average operational efficiency [1] - The port has achieved 100% clean transportation for container and coke internal handling, with all shore power at the operational terminals sourced from wind and solar green energy [1] Group 2 - Tianjin has intensified efforts in wetland ecological restoration, particularly in the Qilihai Wetland Nature Reserve, leading to improved ecological conditions and a steady increase in biodiversity, making it a breeding ground for many rare waterbirds [1] - The narrative of Tianjin reflects an open and inclusive story along the Bohai Bay, showcasing a blend of rich history and a forward-looking future [1]

Core Insights - The first shipment of Chilean cherries for the 2025-2026 season has arrived at Tianjin Port, marking the beginning of the import season for northern China [1] - The shipment includes approximately 6,600 tons of cherries in 314 containers, along with other South American products such as avocados, coffee, blueberries, bananas, and king crabs [1] - Tianjin Port is expected to receive a total of four shipments of cherries during this season, indicating a growing trend in the import of Chilean cherries to China [1] Logistics and Operations - Tianjin Port Group has implemented a customized "one ship, one policy" approach to streamline operations, reducing the handling time for each container of cherries to under 20 minutes [1] - The logistics system is designed to flexibly match over ten different delivery modes, allowing for delivery to major markets in the Beijing-Tianjin-Hebei region within 5 hours and to East, South, Northwest, and Northeast China within 30 hours [1]

Core Viewpoint - The arrival of the "Iberia Star" vessel at Tianjin Port marks the beginning of the 2025-2026 season for Chilean cherries in northern China, bringing fresh produce to consumers in the Beijing-Tianjin-Hebei region [1][3]. Group 1: Import Details - The "Iberia Star" vessel carried 314 containers weighing approximately 6,600 tons of Chilean cherries [1]. - This season marks the third year of Chilean cherries entering China through Tianjin Port, with an expectation of four vessels arriving [3]. Group 2: Additional Products - Alongside cherries, the shipment included other South American products such as Chilean avocados, Colombian coffee, Peruvian blueberries, Ecuadorian bananas, and Chilean king crabs [3]. Group 3: Logistics and Operations - Tianjin Port Group has implemented a customized "one ship, one policy" approach, reducing the operational time for a single container of cherries to under 20 minutes [5]. - The logistics system is designed to flexibly match over ten different delivery modes, allowing for delivery to major markets in the Beijing-Tianjin-Hebei area within 5 hours and coverage to East China, South China, Northwest, and Northeast regions within 30 hours [5].

Core Viewpoint - Tianjin Port Development (03382.HK) announced the signing of a share transfer agreement between its subsidiary, Tianjin Port Material Supply Co., and Dongjiang International Trade Co., involving the sale of 100% equity in the Import Company for approximately RMB 5.3516 million [1] Group 1: Transaction Details - The share transfer agreement is set to be executed on December 29, 2025 [1] - The Import Company, registered in China, primarily engages in trade services and port production material agency sales, covering import and export of goods and related agency services [1] - As of the announcement date, the registered and paid-in capital of the Import Company is RMB 3 million [1] Group 2: Company Structure - Tianjin Port Material Supply Co. holds 100% equity in the Import Company as of the announcement date [1] - Dongjiang International Trade Co. is a subsidiary of Tianjin Port Group [1]

Core Viewpoint - The company has announced the sale of 100% equity in its subsidiary, the Import Company, to Dongjiang International Trade Company for approximately RMB 5.3516 million, effective December 29, 2025. This divestment aligns with the company's strategy to focus on its core business areas, particularly in port handling and logistics, enhancing its competitive edge and operational quality [1]. Group 1 - The transaction involves the sale of the Import Company's entire equity stake, resulting in the company no longer holding any indirect ownership in the Import Company [1]. - The sale is intended to allow the company to concentrate its management resources and operational focus on core areas, specifically port handling and logistics [1]. - This strategic move is expected to improve the company's core competitiveness and operational quality, supporting its goal of building a world-class green smart hub port [1]. Group 2 - The divestment is in line with the company's overall development plan and is considered beneficial for both the company and its shareholders [1].

Group 1 - Shanghai Port has convenient water and land transportation, with smooth collection and distribution channels, connecting to the Yangtze River Basin and the entire country, and is close to global shipping routes [1] - Shanghai Port is commonly divided into several sections: Wusong Port (mainly bulk cargo), Yangshan Port (located on an island), Waigaoqiao Port (mainly for containerized cargo), and Luojing Port (mainly for bulk carriers) [1] - Specific unconventional documentation is required for certain food imports, such as distilled spirits needing a plasticizer testing report and juice requiring a multi-residue pesticide testing report [1] Group 2 - The import customs clearance process at Shanghai Port includes several steps: preparing foreign documents, exchanging for a bill of lading, inspection, customs declaration, and delivery to the designated location [3] - The typical time frame for customs clearance includes: 1 day for bill of lading exchange, 2 days for pre-declaration of inspection, 1 day for customs declaration, 2-3 days for disinfection and quarantine arrangements, and 1 day for waiting to pick up goods [5]