Core Viewpoint - Chongqing Port (600279.SH) has approved an investment plan for the second phase of the modernization and multi-modal transport capacity enhancement project at Jiangjin Port, aiming to establish the largest public grain and oil distribution hub in Southwest China [1] Investment Plan - The total estimated investment for the project is 299 million yuan [1] - The company is required to actively seek policy subsidies for the project and manage the loan ratio prudently [1]

重庆港（600279）(600279.SH)发布公告，为满足江津港区远期发展的需要，全力打造西南地区规模最 大的公用粮食、粮油集散中转基地，董事会同意新增江津港现代化多式联运集疏运能力提升项目(二期 改扩建工程)投资计划并立项，预估项目总投资为2.99亿元，同时要求江津港埠分公司积极争取项目政 策性补贴，合理控制项目贷款比例。 该项目是破解江津港区发展瓶颈和助推区域高质量发展的重要举措。一方面，可有效解决江津港铁路装 卸能力不足的核心卡点，显著提升货物吞吐与多式联运效率，有效应对重庆地区粮食缺口扩大与园区企 业激增的物流挑战;另一方面，将助力江津港成为"千里轻舟"的重要支点，可推动江津港融入干支联动 航运网络，充分发挥其连接成渝双城经济圈、辐射川南地区的区位优势，激活港口潜能，为上市公司增 强物流竞争力、拓展区域市场提供有力支撑，从而推动上市公司可持续高质量发展。 ...

该项目是破解江津港区发展瓶颈和助推区域高质量发展的重要举措。一方面，可有效解决江津港铁路装 卸能力不足的核心卡点，显著提升货物吞吐与多式联运效率，有效应对重庆地区粮食缺口扩大与园区企 业激增的物流挑战;另一方面，将助力江津港成为"千里轻舟"的重要支点，可推动江津港融入干支联动 航运网络，充分发挥其连接成渝双城经济圈、辐射川南地区的区位优势，激活港口潜能，为上市公司增 强物流竞争力、拓展区域市场提供有力支撑，从而推动上市公司可持续高质量发展。 智通财经APP讯，重庆港(600279.SH)发布公告，为满足江津港区远期发展的需要，全力打造西南地区 规模最大的公用粮食、粮油集散中转基地，董事会同意新增江津港现代化多式联运集疏运能力提升项目 (二期改扩建工程)投资计划并立项，预估项目总投资为2.99亿元，同时要求江津港埠分公司积极争取项 目政策性补贴，合理控制项目贷款比例。 ...

重庆港12月1日公告，公司第九届董事会第十一次会议审议通过投资建设江津港现代化多式联运集疏运 能力提升项目（二期改扩建工程），预估项目总投资为2.99亿元，旨在满足江津港区远期发展需求，打 造西南地区规模最大的公用粮食、粮油集散中转基地。 ...

Core Viewpoint - 中储股份 plans to invest significantly in building a logistics hub in Central China, aiming to enhance its service capabilities and core competitiveness through the establishment of the 中储（三江港）production service hub project with a total investment of approximately 1.129 billion yuan [3][5]. Investment and Financial Overview - The total investment for the 三江港 project is estimated at 1.129 billion yuan, with 中储钢超 contributing 500 million yuan to establish the project company [5]. - 中储股份 has a planned investment of 850 million yuan for 2025, including 710 million yuan for fixed assets and 140 million yuan for equity investments [4][11]. - As of September 2025, 中储股份 reported total assets of 24.104 billion yuan, a 6.3% increase from the previous year, with a debt-to-asset ratio of 38.1% [4][12]. Project Details - The 三江港 project will cover an area of approximately 498.4 acres, with a construction period of four years and a total planned building area of 195,000 square meters [5]. - The project aims to create a competitive production service logistics hub in Central China, enhancing the company's logistics network and reducing overall logistics costs [5][8]. Operational Performance - In the first half of 2025, 中储钢超 achieved revenue of 993 million yuan and a profit of 16.95 million yuan [6]. - 中储股份 reported a total revenue of 63.144 billion yuan for 2024, a decrease of 6.13% year-on-year, with a net profit of 403 million yuan, down 48.76% [9]. - For the first three quarters of 2025, 中储股份 achieved total revenue of 47.787 billion yuan, a slight increase of 0.02% year-on-year, with a net profit of 444 million yuan, up 3.6% [10]. Strategic Importance - The 三江港 project is positioned as a key multi-modal logistics hub in the middle reaches of the Yangtze River, supporting the company's supply chain integration and multi-modal transport business [8]. - The project aligns with national industrial policies and aims to optimize transportation structures and enhance the logistics ecosystem in the region [8].

Core Insights - The transportation sector in China has shown stable growth in the first ten months of the year, with increases in freight volume and inter-regional personnel flow [1][2] - The Ministry of Transport reported a total freight volume of 482.9 billion tons, a year-on-year increase of 3.5%, and a port cargo throughput of 151.3 billion tons, up 4.3% year-on-year [1] - Investment in transportation fixed assets reached 2.95 trillion yuan, maintaining a high level throughout the year [2] Freight and Port Operations - The port container throughput reached 29 million TEUs, reflecting a year-on-year growth of 6.4%, with foreign trade container throughput increasing by 8.9% [1] - The establishment of 63 intermodal transport hubs, 76 rail-road intermodal hubs, and 43 land-air intermodal hubs has facilitated service to over 240 national industrial parks and clusters [1] Policy and Infrastructure Development - The Ministry of Transport aims to enhance the integration of transport modes and improve the efficiency of logistics by ensuring that 85% of goods can be transferred within one hour at key comprehensive freight hubs [1] - There is a focus on strengthening supply chain policies and promoting cross-regional coordination, multi-modal connections, and deep integration across sectors to improve the overall transportation logistics system [1]

下一步，铁路部门将深化与属地政府、企业间的战略合作，构建丰富高效的多式联运体系，探索智慧物 流新模式，丰富"门到门"物流产品供给，助力江苏多地全面融入新发展格局，为建设全国统一大市场贡 献力量。 上铁集团物流事业部相关工作人员告诉记者，张家港北站货场的开通具有多重意义。首先，该货场的开 通将周边产业集群更好融入到整个长三角物流体系，推动区域内各类生产要素资源在更大范围内重新配 置整合。其次，"公转铁"规模化运营后，年运量预计将达80万吨，年度碳减排将超1.2万吨，持续为长 三角生态绿色一体化发展作出贡献。值得一提的是，该货场提供的多种物流组合模式将有效降低企业物 流成本，形成物流与产业深度融合的发展新路径。 张家港市交通运输局副局长仲斐斐表示，张家港北站货场投入运营，是长三角交通基础设施建设与区域 经济发展深度融合的生动实践，它一举打破了先前张家港及周边地区企业长期依赖公路、水路运输的既 有格局，张家港人民翻开了在"家门口"通过铁路直接发货的历史新篇章。今后，张家港地区的货物可以 通过铁路运往国家中西部地区，为支援西部建设（002302）开辟了一条高效、经济的货运新通道，也为 地方经济发展奠定了坚实基础。 1 ...

Core Viewpoint - The article highlights the development and significance of the Guoyuan Port in Chongqing as a key hub for multi-modal transportation, particularly in facilitating the export of vehicles and components, thereby contributing to the economic growth of the region and enhancing its connectivity with international markets [2][5][10]. Group 1: Development and Growth - Guoyuan Port has evolved from a bulk cargo terminal to China's largest inland multi-modal transport hub, connecting over 300 ports in more than 100 countries and regions, significantly boosting the open development of Chongqing and the western region [2][3]. - The port's development aligns with the "14th Five-Year Plan" which emphasizes a high-level opening-up system [2]. Group 2: Transportation and Logistics Innovations - The "Yucheng" vehicle export initiative has introduced a new smart supervision model for roll-on/roll-off transport, reducing logistics time by approximately 10 days and saving around 1500 yuan in costs per vehicle [4]. - The export of auto parts through Guoyuan Port has seen a 40% reduction in logistics costs compared to whole vehicle transport, with over 25,000 sets of auto parts shipped in the first three quarters of the year [5]. Group 3: Multi-Modal Transportation Efficiency - Guoyuan Port serves as a crucial hub in the Western Land-Sea New Corridor, facilitating efficient transport of goods from various regions, including a new stable container shipping route from Zhaotong to Guoyuan Port that saves 15 days in transit time [6][8]. - The port has established a rail-water transport network that connects multiple provinces, enhancing regional industrial collaboration [7]. Group 4: Smart Port Transformation - The implementation of smart port technologies has significantly increased operational efficiency, allowing one operator to manage multiple cranes, thus improving productivity and reducing labor needs [9][10]. - The port's smart transformation has led to a 15% increase in cargo turnover speed, resulting in over 100 million yuan in annual logistics cost savings for businesses [10].

Core Insights - The article highlights the development of the Zhengpu Port area in Ma'anshan, Anhui Province, focusing on its role as a hub for Jianghuai maritime transport and logistics, with significant improvements in port operations and foreign trade [1][3] Group 1: Port and Logistics Development - Zhengpu Port has achieved a throughput of 2.1971 million tons and a container throughput of 65,400 TEUs by the end of October, with foreign trade container throughput reaching 60,300 TEUs [1] - The region is enhancing its logistics efficiency through multi-modal transport coordination and improved customs clearance processes [1] Group 2: Cross-Border E-Commerce Growth - The booming cross-border e-commerce sector is a key growth driver for foreign trade in the Zhengpu Port area, with daily shipping volumes exceeding 2,000 orders for high-quality consumer goods [3] - The company Anhui Gangzheng Supply Chain Management Service Co., Ltd. anticipates its import trade volume to exceed 22 million USD this year, leveraging the advantages of the Ma'anshan Comprehensive Bonded Zone [3] Group 3: Future Development Plans - Zhengpu Port is accelerating the construction of multi-modal transport bases and access roads, aiming to improve cargo transfer efficiency by over 20% through collaboration with Shanghai and Ningbo ports [3] - Plans are underway to explore the establishment of a pre-positioned cargo station at Hefei Xinqiao Airport to create a comprehensive "sea-land-air" multi-modal transport network [3]

Core Insights - Shenzhen aims to establish itself as an international comprehensive transportation hub, focusing on infrastructure upgrades, multi-modal transport innovation, and policy service optimization to support the real economy and high-quality foreign trade development [1] Infrastructure Enhancement - Shenzhen is accelerating major project construction at key nodes such as air, sea, and rail ports to strengthen logistics hardware and alleviate transportation bottlenecks [2] - The total area of logistics facilities at Shenzhen Airport has reached 1.2 million square meters, significantly improving cargo handling efficiency [2] - Shenzhen Airport has opened 43 international and regional routes, covering 5 continents and 27 countries, with a projected cargo throughput of 188.1 thousand tons in 2024 [2] - Shenzhen Port has established 75 berths for vessels over 10,000 tons and 47 dedicated container berths, with 275 international shipping routes covering 6 continents [2] Transportation Structure Optimization - The Pingyan Railway renovation project is crucial for optimizing the transportation structure, enhancing the connection between Yantian Port and the national railway network [3] - The Shenzhen International Comprehensive Logistics Hub is set to become Asia's largest "road-rail-sea" multi-modal transport center [3] - New breakthroughs in land transport include the launch of international rail-sea intermodal trains, saving 20 days compared to traditional sea transport [3] Innovation and Collaboration - Shenzhen is driving logistics development through multi-modal transport integration, smart logistics, and regional collaboration, enhancing logistics efficiency and trade facilitation [4] - The sea-rail intermodal system has been improved, with 27 inland ports opened, covering South China, Central China, and Southwest China [4] - The first international rail-road intermodal train from China to Kyrgyzstan has been successfully launched, improving efficiency by over 30% [5] Smart Logistics and Policy Optimization - The first smart international cargo station in China has been launched, utilizing a network of drones, ground stations, and underground vehicles to process over 30,000 packages daily [5] - The "Guangdong-Hong Kong-Macao Greater Bay Area Combined Port" reform has opened 49 routes, achieving a 30.57% year-on-year increase in container throughput [5] - A pilot tax refund policy at Yantian Port allows foreign trade companies to receive refunds 4 to 6 weeks in advance, boosting transshipment business by 15% [5] Future Outlook - Shenzhen will continue to enhance its global logistics resource allocation capabilities, supporting the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative [6]