On March 12, Jiangsu Lianyungang Port Co.Ltd(601008) issued a fixed increase plan. The company plans to issue 372 million shares to Shanghai International Port (Group) Co.Ltd(600018) and introduce the latter as a war investment, raising no more than 1.5 billion yuan. It is reported that Shanghai International Port (Group) Co.Ltd(600018) will hold 23.08% of the shares after this issuance, becoming the second largest shareholder of the company. At the same time, the two sides will use capital as a link to promote the strategic reorganization of port resources in the Yangtze River Delta region and realize complementary advantages.
For this strategic cooperation, CO director of digital economy and financial innovation research center of International United Business School of Zhejiang University Researcher pan Helin said in an interview with Securities Daily: “from the perspective of geographical location and their own resources, the two sides have good synergy advantages. They can carry out division and coordination of port business around the Yangtze River economic belt, maritime and land Silk Road, so as to optimize the best path for domestic and foreign trade. The Shanghai Port + Jiangsu Lianyungang Port Co.Ltd(601008) model can enhance the port scale and form scale advantages.”
dual port linkage
cooperate to develop port transportation business
Shanghai port is the intersection and bridgehead of the Yangtze River economic belt and the maritime Silk Road, and Jiangsu Lianyungang Port Co.Ltd(601008) connects important cities along the land Silk Road through the Longhai Lanzhou new line, and is the sea entrance and bridgehead of the land silk road.
From the perspective of the strength of the war investor, Shanghai International Port (Group) Co.Ltd(600018) is the first port joint-stock enterprise listed as a whole in China. Shanghai port is also the largest port in terms of container throughput and the second largest port in terms of cargo throughput in the world. In the first three quarters of last year alone, Shanghai International Port (Group) Co.Ltd(600018) had a revenue of 26.238 billion yuan and a net profit of 12.472 billion yuan.
Talking about the purpose of this cooperation, Jiangsu Lianyungang Port Co.Ltd(601008) means: ” Shanghai International Port (Group) Co.Ltd(600018) give full play to the radiation capacity of Shanghai international shipping center and the route resource advantages of international container hub port, Jiangsu Lianyungang Port Co.Ltd(601008) give full play to the regional advantages of the East-West open maritime gateway and sea land connecting transportation hub of the ‘Silk Road Economic Belt’, and the two sides will enhance the cooperation between the Eurasian Continental Bridge and the 21st century Maritime Silk Road through route combination and sea rail intermodal transport resources Link action. “
From the perspective of fund-raising projects, Jiangsu Lianyungang Port Co.Ltd(601008) this fund-raising will be mainly used for Jiangsu Lianyungang Port Co.Ltd(601008) International Automobile green intelligent logistics center project, Jiangsu Lianyungang Port Co.Ltd(601008) green low-carbon port loading and unloading process equipment transformation project, replenishing working capital and debt repayment. Among them, the intelligent logistics project will build an intelligent three-dimensional library with more than 5200 parking spaces.
For the above investments, Disk and forest analysis: “This fund-raising is mainly focused on green intelligent logistics, low-carbon port loading and unloading process equipment transformation, etc. between Shanghai port and Jiangsu Lianyungang Port Co.Ltd(601008) , we can realize technical complementarity, mutual coordination and common development around these transformation. Through the construction of automatic port and green port, we can improve Jiangsu Lianyungang Port Co.Ltd(601008) ‘s technical capacity and bring more business to Jiangsu Lianyungang Port Co.Ltd(601008) .”
” Shanghai International Port (Group) Co.Ltd(600018) can bring Jiangsu Lianyungang Port Co.Ltd(601008) international and Chinese leading market, channel, brand and other strategic resources in the port field, and greatly promote Jiangsu Lianyungang Port Co.Ltd(601008) market expansion.” For the future development direction, Jiangsu Lianyungang Port Co.Ltd(601008) said that the company will promote the construction of smart and green ports by taking advantage of Shanghai International Port (Group) Co.Ltd(600018) in the construction, management and operation of automated terminals and the advantages of port informatization; At the same time, the two sides will carry out joint ventures and cooperation in the container sector and other port business fields to enhance Jiangsu Lianyungang Port Co.Ltd(601008) the competitiveness in the port and shipping market.
policy escort
Yangtze River Delta port development “has a long way to go”
In December 2019, the CPC Central Committee and the State Council issued the outline of the Yangtze River Delta regional integration development plan, which proposed to strengthen the cooperation and linkage development of river sea intermodal transport of coastal ports along the river, encourage port groups to strengthen cooperation by means of cross shareholding and promote the coordinated development of ports and ports in the Yangtze River Delta.
Since then, the equity investment and strategic cooperation of the “three provinces and one city” port group with Shanghai Port Group, Zhejiang port group, Jiangsu port group and Anhui port group as the main body have been continuously strengthened. The strategic shareholding of Shanghai International Port (Group) Co.Ltd(600018) in Jiangsu Lianyungang Port Co.Ltd(601008) this time has brought the resource reorganization of the port group in the Yangtze River Delta to a new level.
Talking about the current situation and future pattern of “coordinated development” of port clusters in the Yangtze River Delta, Song Qinghui, chief economist of Qinghui think tank, told Securities Daily: “At present, the coordinated development of the Yangtze River Delta port group is in its infancy, and its worldwide influence and comprehensive competitiveness still need to be improved. From the perspective of foreign advanced port group cooperation mode and development path, the development of the Yangtze River Delta port group still has some deficiencies, such as weak synergy, unclear positioning and imperfect mechanism. In the future, the Yangtze River Delta ports still need to be in linkage, clear positioning and market competition Focus on the field operation mode, soft power construction and system supply, and further strengthen the top-level design. “
“There are still some bottlenecks in the development of ports in the Yangtze River Delta, such as the unreasonable positioning and coordinated development of ports in the future. There are still some bottlenecks in the development of ports in the Yangtze River Delta.” In Pan Helin’s view, the focus of the future development of the Yangtze River Delta port group is still on the positioning and layout. In the future, the ports will stagger the competition, optimize the layout of the types of goods handled and the port development as a whole, and further promote the integration of resources.
