Company Overview - Established in 2002, Hainan Strait Shipping Co., Ltd. was initiated by five shareholders including Hainan Port and Shipping Holdings Co., Ltd. and Shenzhen Yantian Port Co., Ltd. [2] - Listed on the Shenzhen Stock Exchange in 2009, the company has expanded its operations significantly since then [2] - In 2021, the company completed the integration of shipping resources in the Qiongzhou Strait, enhancing its service capabilities [2] - As of 2025, the company has acquired 100% of COSCO Shipping Passenger Transport, increasing its roll-on/roll-off vessel fleet to 64 [2] Business Operations - The company primarily operates passenger and cargo transport services in the Qiongzhou Strait and Bohai Bay, with key routes including Haikou to Hainan, Yantai to Dalian, and Sanya to Xisha [2] - Revenue model relies on freight charges from shipping and port service fees, with additional income from tourism products on the Xisha route [2] New Route Launch - The newly opened Haikou to Fangchenggang route covers 157 nautical miles with a travel time of approximately 12 hours [3] - The "Chess Bay" vessel, measuring 129.9 meters in length and 20.4 meters in width, can carry 844 passengers and 69 trucks [3] - This route aligns with the "Western Land-Sea New Corridor" and "Hainan Free Trade Port" strategies, enhancing connectivity between the Beibu Gulf city cluster and Hainan [3] Revenue Breakdown - As of the 2025 mid-year report, revenue distribution is as follows: - Haikou to Hainan route: 72% - Yantai to Dalian route: 10% - Xisha route: 6% - Port services: 5% - Other routes and services: remaining percentage [5] Future Opportunities - The implementation of favorable tax policies in Hainan's free trade port is expected to reduce operational costs and attract more investors [8] - The upcoming full closure operation of Hainan by the end of 2025 will facilitate easier movement of goods, potentially increasing passenger and cargo flow [8] - Infrastructure improvements, such as the completion of the circular island tourism road, are anticipated to boost the company's core business [8] Safety Measures - The company has invested in flat-deck cargo ships for transporting new energy vehicles, addressing safety concerns related to battery fires [4] - These ships feature open deck designs for better ventilation and are equipped with specialized firefighting systems to ensure safety during transport [4] Dividend Policy - The company aims to provide stable dividend returns to shareholders while ensuring sustainable development [6] - Dividend policies will consider profitability, cash flow, future investment plans, and shareholder expectations [6]

Core Points - The meeting held in Nanning on November 20 focused on the preparation of the "14th Five-Year" special planning, emphasizing the implementation of the spirit of the 20th Central Committee and the important instructions from General Secretary Xi Jinping regarding the planning work [1][2] - The meeting aimed to align with the historical positioning and major missions of Guangxi during the "14th Five-Year" period, addressing opportunities and challenges while promoting high-quality development [3] Group 1: Planning and Development - Special planning is a crucial component of the unified planning system, significantly influencing the development direction of relevant fields [2] - The quality of the planning is essential for accurately grasping national policy orientations and determining the main goals and key measures for Guangxi's special plans [2][3] - The meeting highlighted the need to integrate the new development concepts into all areas of development, focusing on solidifying foundations, addressing shortcomings, expanding demand, breaking bottlenecks, increasing momentum, and promoting transformation [3] Group 2: Strategic Focus - The meeting emphasized the importance of effective market mechanisms combined with proactive government actions to ensure safety and development [3] - There is a strong push for the development of artificial intelligence to empower various industries and to adapt to local conditions for developing new productive forces [3] - The meeting also discussed the construction of a modern industrial system and the high-level co-construction of the Western Land-Sea New Corridor, aiming to strengthen the China-ASEAN community of shared destiny [3]

Core Insights - The Hainan Free Trade Port is emerging as a new choice in the global aircraft maintenance market, with over 20 foreign airlines utilizing its services since its establishment in 2022 [2][3] - The maintenance base has completed over 2,300 aircraft repairs and 270 complete aircraft paint jobs, along with the repair of 55,000 aviation components, gaining recognition from multiple international aviation management authorities [2] - The supportive policies of the Hainan Free Trade Port, such as exemption from guarantee deposits and bonded maintenance for materials, have significantly reduced costs and improved service efficiency for clients [2][3] Industry Developments - The international reputation of Hainan's aircraft maintenance is growing, with more foreign airlines transitioning from trial collaborations to long-term partnerships, particularly with airlines from Vietnam and Cambodia [3] - Qatar Airways has signed a long-term painting contract, indicating a shift towards sustained business relationships [3] - The industry is evolving from a focus on single aircraft maintenance to a comprehensive service chain covering components, complete aircraft, and engines, driven by high-level openness and policy support [3] Future Prospects - With the upcoming full closure operation, the Hainan aircraft maintenance industry is poised for new growth opportunities, including the development of multi-type passenger-to-freighter conversion capabilities and advancements in domestic aircraft inspections and painting [3][4] - The company plans to enhance its capabilities in composite material maintenance and wide-body aircraft APU maintenance, thereby improving its service offerings [3][4] - The global network of flight routes is expected to expand, leading to sustained growth in maintenance demand, as the company aims to deepen its presence in Southeast Asia, the Middle East, and Europe [4]

隆泸叙铁路是西部陆海新通道西线铁路主通道的重要组成部分，也是四川南向货运主通道，自成渝 铁路隆昌站引出，途经泸县、龙马潭区、江阳区、纳溪区、叙永县，终至叙毕铁路叙永北站，全长约 138.6公里，设计时速120公里，设11座车站，线路以货运为主、兼顾客运功能。项目建成后，将与已开 通运营的隆黄铁路叙永至毕节段相连，贯通成渝铁路和贵昆铁路，形成川南地区直连北部湾的陆海联运 大动脉。（记者 寇敏芳） 静态验收是铁路工程竣工验收首个环节，核心是对工程建设质量、设备安装调试质量开展全面"体 检"，具体涵盖工务、通信、信号、电力及牵引供电、房屋建筑、建设用地、环水保、灾害监测等方面 的检查，并完成缺陷消除与复验工作。静态验收完成后，项目将于近期进入动态验收阶段。 ●隆泸叙铁路是西部陆海新通道西线铁路主通道的重要组成部分，也是四川南向货运主通道，以货 运为主、兼顾客运功能 11月19日，西部陆海新通道西线铁路主通道重要组成部分——隆昌经泸州至叙永铁路（简称隆泸叙 铁路）通过静态验收，预计今年底开通运营。 ...

Core Insights - Chongqing's foreign trade import and export value reached 649.06 billion yuan in the first ten months of 2025, marking a year-on-year increase of 12.2% [1][2] Group 1: Trade Performance - The number of enterprises engaged in import and export activities exceeded 5,000 for the first time, reaching 5,075, an increase of 657 compared to the same period last year [1] - Private enterprises, foreign-invested enterprises, and state-owned enterprises all experienced year-on-year growth in import and export values, with private enterprises' import and export value increasing by 23%, contributing over 80% to the growth of foreign trade [1] Group 2: Trade Partners - ASEAN became Chongqing's largest trading partner, with imports and exports to ASEAN totaling 109.62 billion yuan, a year-on-year increase of 24.5% [1] - Trade with countries involved in the Belt and Road Initiative reached 296.09 billion yuan, reflecting a year-on-year growth of 13.7% [1] Group 3: Trade Channels - The import and export value through the Western Land-Sea New Corridor reached 45.03 billion yuan, showing a year-on-year increase of 190% [1] Group 4: Export Products - Notebook computer exports amounted to 126.32 billion yuan, maintaining the top position in the country; traditional products such as mobile phones, automobiles, and motorcycles also saw increases in exports, with values of 47.85 billion yuan, 40.22 billion yuan, and 21.91 billion yuan respectively, reflecting year-on-year growth rates of 43.5%, 13.6%, and 33.7% [2]

Core Viewpoint - The article highlights the strategic development of Chongqing as a key hub in the Western Land-Sea New Corridor, emphasizing the importance of a robust power supply to support industrial growth and cross-border trade. Group 1: Energy Infrastructure Development - Chongqing is accelerating its development as an inland open highland and comprehensive hub, with the State Grid Chongqing Electric Power Company focusing on building a strong energy foundation through grid construction, service efficiency, and green empowerment [1][3]. - The power load in various hubs and parks in Chongqing has seen explosive growth, prompting proactive planning and construction of substations to meet future energy demands [2][3]. - By 2025, the Jiangjin area will have added three 110 kV substations, increasing capacity by 173,000 kVA and achieving a power supply reliability rate of 99.99% [2]. Group 2: Service Innovation and Efficiency - The State Grid Chongqing Electric Power Company has implemented innovative service models to facilitate easier and lower-cost electricity access for businesses, enhancing their operational efficiency [4][5]. - The "one park, one specialist" mechanism ensures that electricity needs are addressed proactively, allowing for quicker and more efficient service delivery [4][5]. - The integration of online and offline services has significantly improved the customer experience, with one company reporting a 20-day earlier power connection than planned [4]. Group 3: Green Energy Initiatives - The Western Land-Sea New Corridor is committed to sustainable development, with the State Grid Chongqing Electric Power Company promoting initiatives like smart charging stations and distributed solar power to reduce logistics costs and environmental impact [6][7]. - The establishment of six charging stations at the Banan Road Logistics Base allows for rapid charging of electric trucks, reducing transportation costs by approximately 40% compared to fuel vehicles [7]. - From January to August, Chongqing transported 215,800 TEUs through the corridor, marking a 30% year-on-year increase, with a total value of 39.291 billion yuan, reflecting the positive impact of the clean energy initiatives [7].

今年以来，国铁南宁局深挖西部陆海新通道班列货源，不断优化运输组织，实现集装箱运输上量。 今年截至11月12日，西部陆海新通道铁海联运班列累计运输货物124.4万标箱，同比增长60.4%。（宋 瑶 吴柯荣） 11月13日14时53分，伴随着嘹亮的汽笛声，装载着澳大利亚锂辉石等货物的西部陆海新通道X9578 次铁海联运班列从钦州港东站驶出，开往重庆小南垭站。 为保障该批货源顺利发运，国铁南宁局沿海铁路公司钦州车务段钦州港东站根据客户提报运输需 求，提前备足空箱，优先安排空车装运，通过调配倒运汽车、装卸机具及人员，提高倒运及装车效率。 同时，积极采取提效措施，保障车站列车编成、货检作业和列检作业同步进行，班列完成编组后50分钟 内具备开车条件，最大限度提高运输效率，保障班列快速发运。 据了解，该班列从澳大利亚海运至钦州港后，通过铁路从钦州港东站运输至重庆小南垭站，再从重 庆珞璜港装船江运到四川宜宾。此前货源运输方式主要是经华东港口从长江走散货船到重庆果园港口 后，客户自行拖车运输至宜宾。此次开启的"海+铁+江"集装箱联运模式，为企业节省了时间和物流成 本。 ...

Core Insights - The Guangxi region is actively developing the Western Land-Sea New Corridor as a key project for open development, aiming to create the fastest, best-serviced, and most cost-effective connection between China and ASEAN [4] - The corridor is transforming inland areas into open frontiers and injecting strong momentum into regional coordinated development [4] Infrastructure Development - The construction of the Pinglu Canal, a major project within the Western Land-Sea New Corridor, is in a critical phase, with over 83% of the investment completed and expected to be operational by 2026 [5] - A comprehensive transportation network is being established, featuring 61 land routes, 96 container shipping routes from Beibu Gulf Port, and an integrated logistics system connecting air, land, and sea [6] Port and Logistics Enhancement - Beibu Gulf Port has expanded its capabilities with 119 berths for vessels over 10,000 tons and has implemented integrated sea-rail transport reforms, improving operational efficiency by approximately 30% [7] - The port's cargo throughput is projected to grow from 296 million tons in 2020 to 450 million tons by 2024, with container throughput expected to reach 9.02 million TEUs [8] Digital Transformation - The first automated sea-rail intermodal container terminal in the country has been established at Qinzhou Port, increasing operational efficiency by about 30% and reducing labor needs by 90% [9] - Innovations in customs clearance at the Youyi Pass have enabled a "15-second card pass" system, enhancing cross-border trade efficiency [10] Economic Corridor Development - The Western Land-Sea New Corridor is facilitating the growth of key industries such as new energy, green chemicals, and advanced manufacturing, with several major projects exceeding 10 billion yuan in investment [11] - The corridor has significantly boosted trade, with cumulative import and export trade exceeding 3.2 trillion yuan during the 14th Five-Year Plan period [11] Future Goals - Looking ahead to the 15th Five-Year Plan, Guangxi aims to further enhance the Western Land-Sea New Corridor, focusing on expanding internal and external openness and leveraging artificial intelligence for improved productivity [12]

【环球时报综合报道】在近日公布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建 议》（以下简称《建议》）中，加快西部陆海新通道建设被列为高质量共建"一带一路"的组成部分，凸 显其在扩大高水平对外开放中的重要意义。11月12日至13日，2025陆海新通道经济发展论坛系列活动在 重庆成功举办，各界人士汇聚渝城，共同探讨西部陆海新通道的建设路径并规划"十五五"时期通道的发 展蓝图。 中国社会科学院学部委员李向阳表示，西部陆海新通道对于西部地区拓展海外市场、降低运输成本发挥 了明显成效，但未来各方需超越对其单纯的交通运输线的认知，将它置于"一带一路"框架下的经济走廊 从运输通道向经济走廊跃迁 建设成果获多方认可 明年是"十五五"开局之年，与会人员围绕谋划通道"十五五"高质量发展、深化通道产业链供应链合作、 加快构建西部陆海新通道综合服务体系、共建共享共用数字陆海新通道、加快推进西部陆海新通道"氢 走廊"建设等方面进行深入研讨，纷纷建言献策，共商通道建设方向和发展路径。 本届论坛以"创新协同 共建共享 赋能跃升"为主题。在13日上午举行的开幕式上，中国海关总署副署长 赵增连，广西壮族自治区党委常委、自治区政府 ...

Core Insights - The Chongqing International Logistics Hub Park serves as the starting point for the Western Land-Sea New Corridor's rail-sea intermodal trains, emphasizing the importance of logistics in the real economy [1] - The construction of the Western Land-Sea New Corridor is crucial for establishing a foreign trade pattern characterized by "land-sea internal and external linkage, and east-west mutual assistance" [1] Group 1: Strategic Development - The Shapingba District is leveraging the construction of the Western Land-Sea New Corridor as a strategic driver to accelerate the development of a hub network and enhance logistics industry clusters [1] - There is a focus on improving port support functions and continuously elevating the capabilities of the international logistics hub [1] Group 2: Innovation and Efficiency - The district is centered on institutional innovation, emphasizing customs facilitation, port digitization, and cost reduction [1] - A significant reform in customs facilitation for the import of food and medicinal products has reduced the customs clearance time from 15 days to 30 minutes, while storage costs have decreased by 50% [1] - Collaboration with the railway port comprehensive bonded zone has improved operational efficiency by over 10% through breaking down data barriers [1] Group 3: Growth in Transportation - The variety of goods transported via the Western Land-Sea New Corridor's rail-sea intermodal trains has expanded from over 50 to 1,316 types, covering 18 provinces, 75 cities, and 163 stations in China [2] - The corridor has reached 577 ports in 127 countries and regions, with over 1.2 million TEUs transported this year, marking a year-on-year increase of over 63% [2]