Tianjin Port (600717) announced on the evening of October 22 that, in order to focus on its main business of loading, unloading, and logistics, prevent investment risks, and optimize resource allocation, its wholly-owned subsidiary Tianjin Port Logistics Development Co., Ltd. (hereinafter referred to as “Logistics Development”) plans to conduct a pre-disclosure of property rights transfer information for its 60% equity stake in Tianjin China Railway Storage and Transportation Co., Ltd. (hereinafter referred to as “China Railway Storage and Transportation”) at the Tianjin Property Rights Exchange Center.
The announcement shows that the base transfer price will be determined based on the evaluation results of an asset appraisal institution before the official listing for transfer. Before the official equity listing and transfer, the company will perform necessary review procedures according to the pricing of the target equity and its impact on the company’s relevant indicators.
China Railway Storage and Transportation was established on June 8, 2004, with a registered capital of 10 million yuan. Its main business scope includes warehousing (excluding hazardous goods and polluting goods), services related to railway transportation, etc. As of December 31, 2024, the company’s total assets were 332 million yuan, operating revenue for 2024 was 2.548 billion yuan, and total profit was 308,400 yuan. The above data was audited by ShineWing Certified Public Accountants. As of September 30, 2025, total assets were 187 million yuan, operating revenue from January to September 2025 was 1.935 billion yuan, and total profit was 3.706 million yuan. The above data is unaudited.
Currently, Tianjin Port has four major business segments: loading and unloading, sales, logistics, and services and other businesses. Among them, the loading and unloading business is the company’s traditional main business, the sales business is the coal trade business, and the logistics business mainly includes agency, transportation, storage, and /unloading support services.
Tianjin Port’s business cargo volume comes from a wide range of sources, covering the needs of multiple regions and industrial chains. It maintains trade relations with over 500 ports in more than 180 countries and regions worldwide; it radiates to 14 provinces, municipalities, and autonomous regions in the Beijing-Tianjin-Hebei region and central and western regions, with a hinterland area of nearly 5 million square kilometers, accounting for 52% of the country’s total area; approximately 70% of its cargo throughput and over 50% of the import and export value through the port come from provinces, municipalities, and autonomous regions outside Tianjin.
In the first half of 2025, the company completed a cargo throughput of 229 million tons, a year-on-year increase of 0.44%; container throughput was 10.604 million TEU, a year-on-year increase of 1.58%. It achieved an operating revenue of 6.178 billion yuan and a net profit attributable to the parent company of 503 million yuan.
Tianjin Port stated that this planned pre-listing transfer of the equity in China Railway Storage and Transportation, by divesting non-core businesses and reducing the occupation of company resources by low-yield businesses, will concentrate capital and management efforts on the upgrading and expansion of the core loading and unloading business. This will help the company accelerate the construction of a world-class green, smart, and hub port, enhance long-term core competitiveness and profit quality, and is in line with the company’s overall development plan.
