Tianjin Port Development considers divesting stake in subsidiary

Tianjin Port Development Holdings Limited announced its intention to potentially dispose of a 60% equity interest in Tianjin Zhongtie Storage and Transportation Co., Ltd. through a public listing on the Tianjin Property Rights Exchange Centre. This strategic move aims to allow the group to focus on core port logistics and enhance its long-term competitiveness. Logistics Development, a subsidiary of the company, currently holds this stake, and a pre-listing disclosure is underway.

Zhongtie Storage and Transportation, primarily engaged in coal sales, reported an audited total asset value of RMB331.96 million as of December 31, 2024. For the year ended December 31, 2024, the company generated RMB2,547,660.3 in revenue and a net profit after tax of RMB205.8 thousand. For the nine months ended September 30, 2025, unaudited figures showed RMB1,934,724.0 in revenue and a net profit after tax of RMB2,769.4 thousand.

The company emphasizes that the potential disposal is not yet a confirmed transaction, with the counterparty and final terms still undetermined. Shareholders and potential investors are advised to exercise caution, as the transaction may or may not materialize, and further announcements will be made.