On October 13, Shenzhen Yantian Port Co., Ltd. (stock code: 000088; stock abbreviation: Yantian Port) issued an announcement on external investment. On October 10, the company held the fourth meeting of its ninth board of directors and reviewed and approved the proposal to invest in the Phase I Project of the Shenzhang Port Terminal in the Metallurgical Industrial Park Operation Area of the Zhangjiagang Port Area of Suzhou Port. It plans to build a modern river-sea intermodal transport hub project in Zhangjiagang through its wholly owned subsidiary, Shenzhang Port (Jiangsu) Co., Ltd., with a total investment of approximately RMB 3.788 billion. The proposal still needs to be submitted to the company’s shareholders’ meeting for review. This investment does not constitute a related-party transaction or a major asset restructuring.

According to the announcement, Shenzhang Port (Jiangsu) Co., Ltd. is a wholly owned subsidiary of Yantian Port and was established in March 2024. At present, it mainly undertakes the project’s preliminary approval and construction application work and has not yet carried out substantive operations. The total project investment is RMB 3,788.40 million, with project capital accounting for 40%, totaling RMB 1,515.36 million, to be raised by Shenzhang Port Company through shareholder capital increases. The remaining funds are planned to be resolved through bank loans and other means. Subsequently, the registered capital of the project company will be increased to a maximum of RMB 1,515.36 million. The company will, in light of the project construction progress, evaluate the feasibility of introducing strategic investors at an appropriate time.

The project is positioned as a modern river-sea intermodal transport hub integrating port loading and unloading, logistics and warehousing, business services, and multimodal transport. According to preliminary planning materials, Phase I of the project plans to construct one 200,000-tonne, one 50,000-tonne, and two 10,000-tonne bulk cargo berths, with a total shoreline length of 952 meters and a designed annual throughput of 40 million tonnes. It is a key port project in Zhangjiagang City. As early as the end of 2023, the project launched preliminary survey work such as hydrological measurements.