天津港拟转让中铁储运60%股权

Core Viewpoint - Tianjin Port is divesting 60% of its stake in China Railway Storage and Transportation Co., Ltd. to optimize its asset structure and focus on core business operations, with a transfer price set at 22.5243 million yuan [2][3] Group 1: Company Overview - Tianjin Port is a significant modern comprehensive port in China, engaged in loading, sales, logistics, and integrated port services [2] - For the first three quarters of 2025, Tianjin Port reported a revenue of 9.372 billion yuan and a net profit attributable to shareholders of 780 million yuan [2] Group 2: Details of the Divestment - The divestment involves transferring 60% of the shares of China Railway Storage and Transportation, which was established in 2004 and primarily engages in warehousing and transportation services [2] - The assessed value of the total equity of China Railway Storage is 37.5405 million yuan, with a value increase rate of 0.06% [3] - The transaction will not include performance guarantees, and the transfer price will be settled in a lump sum [3] Group 3: Strategic Rationale - The divestment aims to shed non-core businesses, reduce low-yield operations, and enhance operational efficiency and competitiveness [3] - The company anticipates that this move will mitigate investment risks associated with the coal trade sector due to energy transition and improve cash flow and asset-liability structure, potentially increasing gross margin by approximately 7.57 percentage points [3] Group 4: Port Operations and Performance - Tianjin Port has a diverse range of berths for various cargo types and is actively expanding its port functions to enhance risk resilience [4] - The port maintains trade relations with over 500 ports in more than 180 countries and regions, with 147 container shipping routes [4] - As of the first half of 2025, Tianjin Port ranked 7th in cargo throughput and 6th in container throughput among coastal ports in China [4]