Core Viewpoint - The completion of the second 400,000-ton ore terminal at Dongjiakou Port marks a significant enhancement in the port's capacity and supports the development of Qingdao Port as a world-class strong port, contributing to the high-quality economic development of the region [1][2][3]. Infrastructure Development - The new 400,000-ton ore terminal is a milestone for Dongjiakou Port, reinforcing its status as a key hub for iron ore unloading in northern China and enhancing Qingdao Port's capabilities [2][3]. - The overall planning for Qingdao Port aims to establish it as a world-class shipping and logistics hub by 2035, with Dongjiakou Port playing a crucial role due to its natural advantages and infrastructure [1][3]. Energy Hub Functionality - Dongjiakou Port has become a vital energy hub in China, particularly for oil and LNG, with significant developments in oil terminal construction and storage capacity [4][5]. - The port's oil terminal has a designed annual throughput capacity of over 60 million tons, and it features the largest oil storage capacity among coastal ports in China, supporting national strategic reserves [5]. Port-Industry Integration - The integration of port and industry is accelerating, with Dongjiakou Port attracting leading enterprises and developing four major industrial clusters, enhancing its economic growth potential [6][7]. - A significant investment project, the Louis Dreyfus Food Technology Industrial Center, is underway, which will strengthen the food supply chain in the region and exemplify the port-industry integration model [6]. Future Development - Dongjiakou Port is positioned to continue enhancing its comprehensive strength and international competitiveness, contributing to China's maritime power strategy and regional economic development [7].

Core Insights - The event "Tianjin Port-Industry-City Integration Development Service Matching Conference" was held during the 2025 China International Service Trade Fair, emphasizing the importance of Tianjin Port as a key player in the Belt and Road Initiative and its role in high-quality development [1][4] Group 1: Port and Trade Development - Tianjin Port is a modern comprehensive port with a deep-water harbor, featuring over 220 berths and maintaining trade relations with more than 500 ports in over 180 countries [1][2] - The port's container throughput is projected to grow at an average annual rate of 6.1%, reaching 23.29 million TEUs by 2024, ranking it 8th globally [2] - Total cargo throughput is expected to grow at an average annual rate of 3.7%, reaching 579 million tons by 2024, placing it 9th in the world [2] Group 2: Economic Impact and Services - In the first half of 2025, Tianjin Port achieved a container throughput of 12.248 million TEUs and a cargo throughput of 29.6 million tons, indicating strong growth [2] - The port offers a wide range of services, including logistics, warehousing, cold chain logistics, and various transportation modes, supporting a comprehensive logistics ecosystem [2] - The integration of port, industry, and city is aimed at transforming hard advantages into high-quality development, making Tianjin a strategic hub for domestic and international dual circulation [3] Group 3: Future Development and Urban Planning - The Tianjin government aims to leverage its port and trade resources to foster collaboration and development among enterprises, enhancing the city's attractiveness for investors [4] - Urban renewal initiatives are being implemented to improve living standards and governance, positioning Tianjin as a model for sustainable and innovative urban development [4]

Core Viewpoint - The Tianjin Port is positioned as a crucial hub for international trade and regional development, leveraging its strategic location and infrastructure to enhance its role in the Belt and Road Initiative and the integration of port, industry, and city development [5][6][7]. Group 1: Port Development and Statistics - Tianjin Port is a modern comprehensive port with a deep-water harbor, featuring a dock capacity of 300,000 tons and a waterway depth of -22 meters, maintaining trade relations with over 500 ports in more than 180 countries [5][6]. - During the 14th Five-Year Plan period, the container throughput is expected to grow at an average rate of 6.1% annually, reaching 23.29 million TEUs by 2024, ranking 8th globally; total cargo throughput is projected to grow at 3.7% annually, reaching 579 million tons by 2024, ranking 9th globally [6]. - In the first half of 2025, Tianjin Port achieved a container throughput of 12.248 million TEUs and a cargo throughput of 29.6 million tons, indicating a sustained growth trend [6]. Group 2: Strategic Initiatives and Economic Impact - The integration of port, industry, and city development is a key strategy for Tianjin, transforming its logistical advantages into high-quality development benefits, thereby becoming a strategic pivot for domestic and international dual circulation [7][8]. - By 2024, Tianjin Port had opened 147 container shipping routes, connecting to over 500 ports globally and establishing more than 100 marketing outlets in inland areas, enhancing its service coverage [7]. - The port's development has attracted numerous leading enterprises and multinational companies, with five key industries (green petrochemicals, marine engineering, aerospace, grain and oil processing, and new energy) projected to generate nearly 600 billion yuan in output value by 2024 [7]. Group 3: Future Outlook and Urban Development - The Tianjin government aims to leverage the resources and advantages of the port, shipping, industry, and trade sectors to foster collaboration and development opportunities [8]. - Urban renewal initiatives are being implemented to enhance the quality of life and governance in Tianjin, positioning the city as a model for livability, resilience, innovation, and sustainability [8].

Group 1: Overall Industry Insights - The transportation sector's revenue and profit showed year-on-year growth in H1 2025, with total revenue reaching 17,351 billion yuan, up 1.8%, and net profit attributable to shareholders at 949 billion yuan, up 4.3% [2] - In Q2 2025, the transportation sector maintained stable revenue at 8,981 billion yuan, with a net profit of 477 billion yuan, reflecting a 6.3% increase year-on-year [2] Group 2: Express Delivery Sector - The express delivery business volume in H1 2025 reached 957 billion pieces, a year-on-year increase of 19.3%, while the average price per piece was 7.5 yuan, down 8% [2] - In Q2 2025, the express delivery volume was 505.9 billion pieces, up 17% year-on-year, with an average price of 7.39 yuan, down 7% [2] - The express delivery segment's revenue grew by 10% year-on-year in H1 2025, but net profit remained flat; in Q2 2025, revenue increased by 11%, while net profit declined by 1% due to performance drops in franchise express companies [2] Group 3: Aviation Sector - The aviation sector turned profitable in Q2 2025, with a revenue increase driven by passenger volume growth; H1 2025 saw a 7% revenue increase and a 71% rise in net profit attributable to shareholders [3] - National civil aviation passenger volume reached 3.7 billion in H1 2025, up 6% year-on-year, with international passenger volume increasing by 25% [3] - The airport segment also experienced revenue growth of 6% in H1 2025, with net profit increasing by 26% [3] Group 4: Shipping Sector - The shipping sector maintained a stable outlook, with H1 2025 revenue up 2.8% but net profit down 2.8% [4] - The container shipping index (CCFI) averaged 1,252.63 points, down 8.2% year-on-year, while the PDCI index increased by 10.6% [4] Group 5: Port Sector - National port cargo throughput reached 5.7 billion tons in H1 2025, up 2.5% year-on-year, with revenue growth of 5% and net profit growth of 10% [5] - Container port throughput increased by 6.9% year-on-year, with notable performances from major ports like Ningbo and Qingdao [5] Group 6: Road and Rail Sectors - The road sector saw a 3.03% decline in revenue in H1 2025, but net profit increased by 3.4% [5] - The railway sector's revenue was 778 billion yuan, up 0.4%, while net profit decreased by 11.2% [6]

Financial Performance - The company achieved operating revenue of CNY 8.468 billion, a year-on-year increase of 6.2% [2] - The net profit attributable to shareholders reached CNY 2.627 billion, marking a historical high with a growth of 3.1% [2] - The net profit excluding non-recurring items was CNY 2.519 billion, up 16.4% year-on-year, indicating improved economic efficiency [2] Business Operations - Container throughput reached 101.207 million TEUs, an increase of 5.7% year-on-year [2] - Bulk cargo throughput was 630 million tons, slightly down by 0.7% [2] - Domestic port projects achieved container throughput of 79.189 million TEUs, up 6.2% [2] - Overseas port projects completed container throughput of 19.209 million TEUs, a growth of 5.0% [2] Strategic Initiatives - The company aims to become a world-class comprehensive port service provider, focusing on global expansion, lean operations, and innovation [2] - The company operates 51 ports across 26 countries on six continents, actively seeking acquisition opportunities in fast-growing regions [3] Market Trends and Challenges - The international shipping rates fluctuated in the first half of 2025, with a cautious outlook for rate increases in 2026 [3] - The company is focusing on enhancing core competencies and operational efficiency to adapt to market changes [3] - The impact of U.S. tariffs on goods transiting through Southeast Asia is being monitored, with a strategy to mitigate risks through diversified market engagement [4] Digital Transformation - The company is advancing its digital transformation with the launch of three major service platforms, enhancing operational efficiency and customer service capabilities [5] - Automation and smart technologies are being integrated, with significant improvements in operational efficiency, achieving over 80% efficiency in automated operations [5] Shareholder Value Enhancement - The company has initiated a share buyback plan, aiming to repurchase shares worth between CNY 195 million and CNY 389 million by October 28, 2025 [7] - A commitment to distribute at least 40% of profits as dividends annually from 2024 to 2026 has been established [7]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註册成立的股份有限公司） (股份代號:03369) 海外監管公告 本公告乃由秦皇島港股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規則第 13.10B 條作出。 以下為本公司於上海證券交易所網站刊發之《秦皇島港股份有限公司第六屆董事會第二次會議 決議公告》《秦皇島港股份有限公司 2025 年半年度報告摘要》《秦皇島港股份有限公司 2025 年 半年度報告》《秦皇島港股份有限公司對河北港口集團財務有限公司的風險持續評估報告》《秦 皇島港股份有限公司關於持股 5%以上股東權益變動觸及 1%刻度暨減持計畫完成的公告》《秦 皇島港股份有限公司控股股東及其一致行動人權益變動觸及 1%刻度暨增持計畫完成的公告》 《北京錦路安生律師事務所關於河北港口集團(天津)投資管理有限公司增持秦皇島港股份有限 公司 A 股股份之專項核查意見》，僅供參閱。 承董事會命 秦皇島港股份有限公司 董事長 ...

Core Viewpoint - Tianjin Port aims for high-quality development, focusing on production operations, market expansion, service upgrades, and collaborative development to enhance its market presence and operational efficiency [1][2][3] Financial Performance - The company reported a revenue of 6.178 billion yuan, a year-on-year increase of 4.33%, achieving 53.26% of the annual budget of 11.6 billion yuan [1] - The net profit attributable to shareholders was 503 million yuan, with a non-deductible net profit of 535 million yuan, and basic earnings per share of 0.17 yuan [1] Operational Metrics - Tianjin Port handled a cargo throughput of 229 million tons, a year-on-year growth of 0.44%, completing 50.22% of the annual target of 456 million tons [1] - The container throughput reached 10.604 million TEU, up 1.58% year-on-year, achieving 51.05% of the annual goal of 20.77 million TEU [1] Market Strategy - The company focused on key cargo sources through customer seminars and marketing activities, enhancing the effectiveness of its "Four Thousand Action" initiative [2] - It introduced premium shipping routes and optimized internal route layouts, maintaining a total of 147 shipping routes [2] Technological Advancements - Tianjin Port advanced the application of fully hydraulic grab machines and developed specialized lifting tools, improving operational efficiency and reducing risks [2] Risk Management and Compliance - The company implemented dynamic monitoring to manage risks and ensure compliance with related transactions, establishing a comprehensive ESG management framework [2] Market Value Management - Tianjin Port developed a market value management system and a three-year valuation enhancement plan, completing the 2024 cash dividend to improve shareholder returns [2] Future Outlook - The company plans to leverage national strategic opportunities such as the Belt and Road Initiative and the construction of the Xiong'an New Area to accelerate industrial upgrades and enhance its position as a key container hub [3]

Core Viewpoint - The article emphasizes the transformation and modernization of Hebei's port industry, focusing on the integration of smart technology and the development of a comprehensive logistics network to enhance efficiency and support regional economic growth [1][4][5]. Group 1: Port Modernization and Efficiency - The Huanghua Port has achieved full automation in coal loading operations, significantly improving loading efficiency [1]. - In 2024, Hebei's ports are expected to handle a total cargo throughput of 1.405 billion tons, with Tangshan Port ranking second among global coastal ports [3]. Group 2: Strategic Development and Integration - Hebei has established 97 inland ports and developed 30 container sea-rail intermodal routes, enhancing connectivity with inland enterprises [4]. - The port group has opened 68 international and domestic container shipping routes, actively aligning with national strategic needs [4]. Group 3: Industrial Synergy and Economic Growth - The integration of port and industrial operations has led to the establishment of a closed-loop logistics system, enhancing economic and environmental efficiency [5]. - The coastal region of Hebei is projected to achieve a GDP of over 1.68 trillion yuan in 2024, with a growth rate of 5.5%, surpassing the provincial average [5].

Core Points - The "Chunsheng" vessel, carrying 54,000 tons of South Asian iron ore, has successfully docked at the Suizhong Port, marking the first foreign trade ship to arrive at this newly classified national first-class open port [1] - Suizhong Port has passed national acceptance and is now open with three 50,000-ton general berths, totaling 800 meters in length, and designed to handle an annual throughput capacity of 5.75 million tons [1] - The successful docking of the large cargo ship signifies the activation of Suizhong Port's role as a key gateway for the Northeast land-sea corridor, contributing to the strategic mission of energy distribution and port industry development in the region [1] Industry Impact - Suizhong Port, located at the western end of the Liaoxi Corridor, serves as a critical transportation hub connecting Northeast and North China, enhancing regional economic development [1] - The establishment of a "dual-port" structure with the Liutiaogou Port area will facilitate the energy distribution and port industry development in Northeast China, injecting new momentum into high-quality economic growth in the region [1]

Core Viewpoint - The "Shandong Port and Waterway Layout Plan (2025-2035)" has been officially released, outlining the long-term development strategy for ports and waterways in Shandong Province, aiming to establish a modern water transport system that enhances regional economic development [1][2]. Coastal Development - The plan emphasizes the role of Qingdao as an international hub, with Qingdao Port as the leader, supported by Yantai Port and Rizhao Port, and supplemented by other ports like Weihai, Binzhou, Dongying, and Weifang, forming a "three main and four auxiliary" world-class marine port cluster [2][3]. - It aims to accelerate the construction of domestic and international "5+5" maritime transport corridors, establishing Shandong as a key player in Northeast Asia's international shipping network [2][3]. Inland Waterway Development - The plan includes a comprehensive upgrade of inland waterways and port functions, adding high-grade waterways like Xiaoqing River and Xinwanfu River, and enhancing Jinan Port's status as a regional hub, creating a "one main, four auxiliary, multiple points" inland port cluster [2][5]. - A new inland waterway network layout is proposed, featuring approximately 3,100 kilometers of waterways, including major and regional routes [5]. Infrastructure and Service Enhancements - The plan outlines the need for higher standards in port infrastructure, including the modernization of terminals and the construction of specialized terminals for containers, coal, and liquid chemicals [3][4]. - It aims to develop a global modern shipping service system, expanding port services and establishing a comprehensive shipping financial platform [3][4]. Green and Smart Port Development - The initiative includes the construction of smart ports and the promotion of green development through clean energy utilization and the integration of port and city development [4]. - The plan seeks to leverage national strategies for ecological protection and high-quality development to enhance logistics and hub construction [4]. Future Goals for Jining - Jining aims to become a northern inland shipping center, focusing on a comprehensive transportation corridor and establishing multiple logistics and service centers [5]. - Key projects include the expansion of the Grand Canal and the construction of modern multi-modal transport hubs to integrate various logistics channels [5].