Core Viewpoint - Dalian Changgang Tugboat Service Co., Ltd. has been established with a registered capital of 50 million RMB, focusing on domestic ship management, ship repair, and port operations [1] Company Information - The legal representative of Dalian Changgang Tugboat Service Co., Ltd. is Leng Bingshu, and the company was founded on September 17, 2025 [2] - The company is registered under the unified social credit code 91210202MAEUFY1869 and is classified as a limited liability company in the water transportation industry [2] - The business scope includes domestic ship management, ship repair, and port operations, along with other services such as ship towing, ship leasing, and labor services [2] Shareholder Structure - The company is jointly owned by three shareholders: Liaoning Port Co., Ltd. (40% stake), Dalian Hengsheng International Shipping Co., Ltd. (30% stake), and COSCO Shipping Logistics Supply Chain Co., Ltd. (30% stake) [2]

Company Overview - Fujian Anhe Shipping Co., Ltd. has been established with a registered capital of 30 million RMB [1] - The legal representative is Guo Jingtao [1] - Shareholding structure includes Shanghai Ankai Shipping Co., Ltd. (51%), Fujian Baiyuan Shipping Co., Ltd. (27%), and Fujian Hongyuan Shipping Co., Ltd. (22%) [1] Business Scope - The company is involved in various shipping activities including inter-provincial and intra-provincial cargo transportation, international liner transportation, and domestic ship management [1] - Additional services include international ship management, container and general cargo transportation, ship leasing, sales, and agency services [1] - The company operates under the transportation, warehousing, and postal industry, specifically in the water transportation sector [1] Registration Details - The company is registered in Quanzhou, Fujian Province, with a business duration until August 21, 2025, and no fixed term thereafter [1] - It is classified as a limited liability company with natural person investment or control [1] - The registration authority is the Quanzhou Fengze District Market Supervision Administration [1]

Core Viewpoint - The company, Zhenhua Heavy Industries, is actively managing its market value and has initiated a share buyback program to support its stock price amid ongoing declines [2]. Group 1: Stock Performance - As of August 13, 2025, Zhenhua Heavy Industries' stock closed at 4.67 yuan, with no change in price, a turnover rate of 1.23%, a trading volume of 406,900 shares, and a transaction value of 190 million yuan [1]. Group 2: Share Buyback and Market Management - The company has approved a share buyback plan during the 2024 annual shareholders' meeting held on May 28, 2025, allowing for the repurchase of shares within 12 months using its own or raised funds [2]. - The company has also established a market value management plan, approved during the board meeting on March 27, 2025, to enhance its market value management practices [2][2]. Group 3: New Business Ventures - Zhenhua Heavy Industries has established a wholly-owned subsidiary in Hainan with a registered capital of 500 million yuan, which will engage in offshore oil and gas exploration and domestic ship management [2]. - The formation of this subsidiary indicates the company's intention to enter the deep-sea development sector [2]. Group 4: Trading Information - On August 13, 2025, the net outflow of main funds was 9.313 million yuan, accounting for 4.9% of the total transaction value, while retail investors saw a net inflow of 5.706 million yuan, representing 3.0% of the total transaction value [3].