Core Viewpoint - The article discusses the different leasing models in the shipping and aviation industries, specifically focusing on the distinctions between "transportation services" and "operating lease services" for tax purposes [2][3]. Group 1: Transportation Services - Transportation services involve using transport tools to deliver goods or passengers, including land, water, air, and pipeline transport [4]. - The article identifies two types of transportation leasing: - **Voyage Charter (程租)**: A service where a transport company completes a specific voyage for the charterer and charges a fee [5]. - **Time Charter (期租)**: A service where a transport company leases a vessel with crew for a specified period, charging daily fees regardless of operation [5]. - **Wet Lease (湿租)**: An aviation service where an airline leases an aircraft with crew for a specified period, charging fees while the charterer covers fixed costs [5]. - Tax treatment for these services falls under transportation services with a VAT rate of 9% [6]. Group 2: Operating Lease Services - Operating lease services involve leasing tangible assets without transferring ownership, categorized under modern service leasing [6]. - The article specifies two types of operating leasing: - **Bareboat Charter (光租)**: A service where a transport company leases a vessel without crew, charging a fixed fee and not covering operational costs [6]. - **Dry Lease (干租)**: An aviation service where an airline leases an aircraft without crew, also charging a fixed fee and not covering operational costs [6]. - Tax treatment for these services falls under tangible asset operating lease services with a VAT rate of 13% [6].

每经AI快讯，兴通股份（SH 603209，收盘价：16.03元）12月26日晚间发布公告称，公司第二届第三十 二次董事会会议于2025年12月26日在公司七楼会议室召开。会议审议了《兴通海运股份有限公司关于调 整公司内部组织架构的议案》等文件。 （记者 曾健辉） 截至发稿，兴通股份市值为52亿元。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 2025年1至6月份，兴通股份的营业收入构成为：程租-自有船舶占比71.66%，期租占比22.78%，程租-外 租船舶占比5.56%。 ...

Core Viewpoint - Xingtong Co., Ltd. announced the convening of its 30th meeting of the second board of directors on October 24, 2025, to discuss the cancellation of the supervisory board and amendments to the company's articles of association [1] Company Summary - For the first half of 2025, Xingtong's revenue composition is as follows: self-owned vessels in time charter accounted for 71.66%, period charter accounted for 22.78%, and externally rented vessels in time charter accounted for 5.56% [1] - As of the report date, Xingtong's market capitalization is 4.8 billion yuan [1]