公告称，收购事项有利于推进智慧港口、绿色港口建设。透过提升集团对欧亚国际公司的控制力及资源 调配能力，推动集装箱业务专业化、规模化发展，提高其生产作业效能，有利于欧亚国际公司的长期发 展，并增加集团在集装箱业务的整体竞争力，从而为集团创造更大效益;另一方面，根据欧亚国际公司 过去五年的收益及盈利数据，预计完成收购事项后可增加股东应佔溢利，为股东创造更好回报。 智通财经APP讯，天津港发展(03382)公布，于2025年9月25日，天津港股份公司(公司的附属公司)与 APM天津公司订立欧亚股权转让协议，据此，天津港股份公司同意向APM天津公司收购欧亚国际公司 5%股权，代价约为人民币9540.3万元。 收购事项完成后，该集团于欧亚国际公司的权益将由70%增加至75%，而欧亚国际公司将仍作为公司的 附属公司。 ...

天津港（600717）发展(03382)发布公告，于2025年9月25日，天津港股份公司(本公司的附属公司)与 APM天津国际公司及PSA中国公司分别订立APM股权转让协议及PSA股权转让协议，天津港股份公司 同意分别向APM天津国际公司及PSA中国公司收购，而APM天津国际公司及PSA中国公司分别同意向 天津港股份公司出售，彼等各自持有的联盟国际公司的20%股权(即联盟国际公司合共40%股权)，两者 代价分别约为人民币3.62亿元，即总代价约为人民币7.23亿元。 收购事项完成后，本集团于联盟国际公司的权益将由60%增加至100%，而联盟国际公司将仍作为本公 司的附属公司。 收购事项有利于推进智慧港口、绿色港口建设。本集团通过收购事项获得联盟国际公司的完全控制权， 透过资源的灵活调配，推动集装箱业务专业化、规模化发展，提高其生产作业效能，有利于联盟国际公 司的长期发展，并增加本集团在集装箱业务的整体竞争力，从而为本集团创造更大效益;另一方面，根 据联盟国际公司过去五年的收益及盈利数据，预计完成收购事项后可增加股东应占溢利，为股东创造更 好回报。 ...

天津港（600717）发展(03382)公布，于2025年9月25日，天津港股份公司(公司的附属公司)与APM天津 公司订立欧亚股权转让协议，据此，天津港股份公司同意向APM天津公司收购欧亚国际公司5%股权， 代价约为人民币9540.3万元。 收购事项完成后，该集团于欧亚国际公司的权益将由70%增加至75%，而欧亚国际公司将仍作为公司的 附属公司。 公告称，收购事项有利于推进智慧港口、绿色港口建设。透过提升集团对欧亚国际公司的控制力及资源 调配能力，推动集装箱业务专业化、规模化发展，提高其生产作业效能，有利于欧亚国际公司的长期发 展，并增加集团在集装箱业务的整体竞争力，从而为集团创造更大效益;另一方面，根据欧亚国际公司 过去五年的收益及盈利数据，预计完成收购事项后可增加股东应佔溢利，为股东创造更好回报。 ...

收购事项完成后，本集团于联盟国际公司的权益将由60%增加至100%，而联盟国际公司将仍作为本公 司的附属公司。 智通财经APP讯，天津港发展(03382)发布公告，于2025年9月25日，天津港股份公司(本公司的附属公 司)与APM天津国际公司及PSA中国公司分别订立APM股权转让协议及PSA股权转让协议，天津港股份 公司同意分别向 APM天津国际公司及PSA中国公司收购，而APM天津国际公司及PSA中国公司分别同 意向天津港股份公司出售，彼等各自持有的联盟国际公司的20%股权(即联盟国际公司合共40%股权)， 两者代价分别约为人民币3.62亿元，即总代价约为人民币7.23亿元。 收购事项有利于推进智慧港口、绿色港口建设。本集团通过收购事项获得联盟国际公司的完全控制权， 透过资源的灵活调配，推动集装箱业务专业化、规模化发展，提高其生产作业效能，有利于联盟国际公 司的长期发展，并增加本集团在集装箱业务的整体竞争力，从而为本集团创造更大效益;另一方面，根 据联盟国际公司过去五年的收益及盈利数据，预计完成收购事项后可增加股东应占溢利，为股东创造更 好回报。 ...

Market Overview - On September 25, the Tianjin state-owned enterprise reform sector fell by 0.72% compared to the previous trading day, with Jintou Chengkai leading the decline [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - The following stocks in the Tianjin state-owned enterprise reform sector showed notable performance: - Baili Electric (600468) closed at 6.73, up 4.02% with a trading volume of 1.021 million shares and a turnover of 693 million yuan [1] - Jintou Chengkai (600322) closed at 2.35, down 6.37% with a trading volume of 868,900 shares and a turnover of 210 million yuan [2] - Other stocks such as Tianjin Port (600717) and Taida Co. (000652) also experienced declines of 1.28% and 1.45% respectively [1][2] Capital Flow Analysis - The Tianjin state-owned enterprise reform sector saw a net outflow of 38.27 million yuan from main funds, while speculative funds had a net inflow of 53.41 million yuan, and retail investors experienced a net outflow of 15.13 million yuan [2] - Specific stock capital flows included: - Baili Electric had a net inflow of 20.84 million yuan from main funds, while retail investors saw a net outflow of 4.25 million yuan [3] - Tianjin Port had a net inflow of 9.34 million yuan from speculative funds, but a net outflow of 9.81 million yuan from retail investors [3]

Core Points - The newly revised "Tianjin Port Regulations" was approved to enhance the construction of a smart and green hub port and promote the integration of port, industry, and city, effective from December 1 [1][2] Group 1: Port-Industry-City Integration - The regulations emphasize the development of container transportation and the optimization of logistics services for bulk goods, cold chain, and automobiles, aiming to extend service chains and increase the value-added space of port goods [1] - Support is provided for the development of marine equipment and green petrochemical industries, as well as the cultivation of cross-border e-commerce and cold chain industries [1] - The regulations encourage the growth of modern shipping services such as shipping brokerage, shipping finance, and shipping exhibitions to enhance the quality of port-related industries and the development of the port economy [1] Group 2: Planning and Resource Allocation - Relevant departments and the Binhai New Area government are tasked with conducting analyses of key port-related industrial chains and optimizing development plans and industrial layouts in port areas [1] - There is a focus on constructing livable, workable, and touristic areas that reflect the characteristics of port-industry-city integration, with an emphasis on coordinated planning and resource optimization [2]

Core Viewpoint - The Ministry of Transport, National Railway Administration, and China National Railway Group have issued an action plan for the deep integration of container rail-water intermodal transport from 2025 to 2027, emphasizing the promotion of intermodal operation and collaboration among transportation enterprises [1] Group 1: Intermodal Operation Enhancement - The plan aims to strengthen the coordination of port-rail operations at qualified ports like Qingdao, supporting integrated management of railway and port operations [1] - It encourages the use of digital and intelligent methods to achieve rapid customs clearance and efficient loading and unloading, thereby reducing "short-distance" transport [1] - The quality and efficiency of intermodal products will be enhanced, with a focus on quality assessment of intermodal trains [1] Group 2: Development of Intermodal Products - The action plan includes the establishment of fixed train routes and the promotion of passenger train-like operations to create a "train + ship" intermodal network [1] - By 2027, the goal is to have a nationwide network of container rail-water intermodal fast lines covering major intermodal ports [1] - Key coastal regions and the Yangtze River trunk line will cultivate premium long-distance and short-distance intermodal products [1] Group 3: Support for "Road to Rail" and "Bulk to Container" Transport - The plan promotes collaboration between various ports and railways to expand the transportation of goods such as grain, fertilizers, and cement through "road to rail" initiatives [1] - It encourages innovation in unloading operations and facilities at inland stations and qualified factories to increase the scale of "bulk to container" transport [1] - The development of automobile transport via intermodal rail-water services is also highlighted [1] Group 4: Optimization of International Intermodal Connections - Ports like Dalian, Tianjin, and Guangzhou are tasked with enhancing the integration of sea routes with international rail services such as the China-Europe Railway Express [1] - The plan aims to improve customs inspection processes and enhance the timeliness of international container rail-water intermodal transport [1]

Core Viewpoint - The successful maiden voyage of the world's first 9300 CEU methanol dual-fuel powered ro-ro ship "Gangrong" at Tianjin Port marks a significant milestone in the shipping industry's transition to low-carbon solutions, showcasing the potential of methanol as a green fuel alternative [1][3][5]. Group 1: Ship Specifications and Features - The "Gangrong" ship, measuring 219.9 meters in length and 37.7 meters in width, has a design capacity of 9300 standard car spaces, placing it among the largest PCTC (Pure Car and Truck Carrier) vessels globally [3]. - This vessel is the first large-scale automobile ro-ro ship to utilize a methanol dual-fuel power system, allowing for flexible switching between traditional fuel and methanol, thus meeting the highest emission standards set by the International Maritime Organization (IMO) [3][4]. Group 2: Environmental Impact - Utilizing green methanol can reduce greenhouse gas emissions by over 70%, contributing significantly to the shipping industry's efforts to lower carbon footprints [3]. - During its maiden voyage, the "Gangrong" successfully completed the first-ever green methanol bunkering operation for a ro-ro ship in China, with approximately 300 tons of green methanol added, resulting in a reduction of 460 tons of CO2 emissions [5]. Group 3: Operational Coordination - The Tianjin Port Group developed a personalized pilot plan based on the new ship's specifications and technical parameters to ensure smooth operations during the maiden voyage [4]. - Various government agencies collaborated to establish a comprehensive support system for the green methanol supply chain, demonstrating effective public-private partnerships in advancing low-carbon initiatives in the shipping sector [5].

Core Viewpoint - The launch of the world's first 9300CEU methanol dual-fuel powered roll-on/roll-off ship "Gangrong" at Tianjin Port marks a significant advancement in green shipping technology, showcasing the potential for low-carbon transformation in the shipping industry [1][3][4] Group 1: Ship Specifications and Features - "Gangrong" is the largest capacity car carrier (PCTC) globally, measuring 219.9 meters in length and 37.7 meters in width, with a design capacity of 9,300 standard car spaces [3] - The ship utilizes a methanol dual-fuel power system, allowing for flexible switching between traditional fuel and methanol, meeting the International Maritime Organization's Tier III emission standards [3][4] - Using green methanol can reduce greenhouse gas emissions by over 70% [3] Group 2: Operational Details - During its maiden voyage, "Gangrong" is set to transport nearly 7,000 domestic vehicles and large equipment to Europe [3] - Tianjin Port Group developed a personalized pilotage plan based on the ship's specifications and technical parameters to ensure smooth operations [3] - The port utilized a "zero waiting time" service initiative to facilitate the ship's timely entry and exit [3] Group 3: Green Methanol Refueling - The first green methanol refueling operation for a roll-on/roll-off ship in China was successfully conducted, with approximately 300 tons of green methanol added, resulting in a reduction of 460 tons of carbon dioxide emissions [4] - Tianjin Port has established a comprehensive methanol refueling system, providing a model for low-carbon transformation in global shipping [4] - Collaboration among various government agencies and companies has created a full-chain support system for the green fuel supply, demonstrating effective public-private partnerships in advancing low-carbon initiatives in the shipping industry [4]

Core Insights - The successful refueling of the methanol dual-fuel vehicle carrier "Gangrong" at Tianjin Port marks the establishment of large-scale green methanol supply capabilities in the region [1][3] - The methanol used for refueling is produced from waste tires and biomass in Inner Mongolia, resulting in a carbon dioxide reduction of 460 tons per operation [1] - The Tianjin Investment Promotion Bureau and other local authorities have formed a "Green Methanol Alliance and Service Platform," involving nearly 50 leading enterprises across the entire supply chain [3] Industry Developments - The green methanol alliance includes major companies such as China Classification Society, China Merchants Energy Shipping, and Sinopec, indicating strong industry collaboration [3] - The platform has already facilitated the export of 5,000 tons of foreign trade green methanol to Singapore, showcasing the growing market for green methanol [3] - The successful implementation of green methanol refueling at Tianjin Port provides a nearby application scenario for new energy transformation in the "Three North" regions of China [3]