The integrated development of Shandong coastal ports has opened a new chapter, Qingdao Port International Co.Ltd(601298) (601298) is under the jurisdiction of Shandong SASAC.
On January 23, Qingdao Port International Co.Ltd(601298) received the notice from the controlling shareholder Qingdao Port International Co.Ltd(601298) group. Shandong Port Group, Qingdao SASAC and Qingdao Port International Co.Ltd(601298) group jointly signed the free transfer agreement between Shandong Port Group Co., Ltd. and the state owned assets supervision and Administration Commission of Qingdao Municipal People’s Government on 51% equity of Shandong port Qingdao Port International Co.Ltd(601298) Group Co., Ltd, Qingdao SASAC transferred 51% of the equity of Qingdao Port International Co.Ltd(601298) controlling shareholder Qingdao Port International Co.Ltd(601298) group directly held by Qingdao SASAC to Shandong Port Group Co., Ltd. free of charge, resulting in the indirect acquisition of 55.77% of the company’s shares by Shandong Port Group.
After the equity transfer, the controlling shareholder of Qingdao Port International Co.Ltd(601298) is still Qingdao Port International Co.Ltd(601298) group, Qingdao Port International Co.Ltd(601298) group will become a wholly-owned subsidiary of Shandong Port Group, and the actual controller will be changed from Qingdao SASAC to Shandong SASAC. The company said that the Qingdao Port International Co.Ltd(601298) group’s equity change will not lead to changes in the company’s main business structure and will not have a material impact on the company’s normal business activities.
Statistics show that Shandong, which is on the coast of the Bohai Sea and the Yellow Sea, has 3345 kilometers of coastline, and 26 ports, large and small, are densely lined up, becoming an important node for East-West two-way mutual assistance and land and domestic and foreign linkage. However, for some time, due to the rigid system and mechanism and extensive operation for a long time, the development of the port has been unable to keep up with the tide of the times. There are more than 100 port and wharf enterprises in Shandong Province, most of which are “small scattered and weak”, inefficient and idle, resulting in huge waste; The ports pressed down on each other’s prices, and the actual rate once fell below the 20% floating lower limit stipulated by the state. Some ports would rather transit from South Korea than cooperate with ports in the province
The way out lies in reform. In August 2019, the Shandong provincial Party committee and the Shandong provincial government did a good job in the top-level design, took out 16.9 billion yuan of real gold and silver, established a provincial integration platform, integrated people and property in 7 ports and 17 ports in the province, and a new Shandong Port Group came into being.
According to the reform plan, Shandong Port has defined the development orientation of building an international shipping hub center in Northeast Asia with internationally leading smart green port, logistics hub port, industry city integration port, financial and trade port and cruise culture and tourism port as the carrier, closely focusing on the efficient development of the main business of the port, relying on the advantages of the port, expanding the development and jumping out of the port pattern for innovative development.
At present, Shandong Port Group has four major port groups, Qingdao Port International Co.Ltd(601298) group, Rizhao Port Co.Ltd(600017) group, Yantai port group and Bohai Bay Port Group, Qingdao Port International Co.Ltd(601298) (601298. Sh, 06198. HK), Rizhao Port Co.Ltd(600017) (600017. SH), Rizhao Port Co.Ltd(600017) Jurong (6117. HK), financial holding, harbor construction, industry city integration, logistics, shipping, cruise culture and tourism, equipment, trade, science and technology, overseas development Vocational education sector group. It has formed an integrated and coordinated development pattern of “taking Qingdao Port International Co.Ltd(601298) as the leader, Rizhao Port Co.Ltd(600017) and Yantai port as the two wings, Bohai Bay Port as the extension, various sector groups as the support and many inland ports as the support”.
According to the national port cargo and container throughput data in 2021 released by the Ministry of transport, Shandong Port Qingdao Port International Co.Ltd(601298) completed a cargo throughput of 630 million tons, a year-on-year increase of 4.3%, ranking fourth in China; The container throughput was 23.71 million TEUs, a year-on-year increase of 7.8%, ranking fifth in China.
In fact, before the integration of Shandong Port Group Qingdao Port International Co.Ltd(601298) , the port integration of other coastal provinces and cities such as Liaoning Province, Zhejiang and Jiangsu had already started.
Taking Liaoning as an example, in June 2021, Dalian port, Yingkou port and Jinzhou Port Co.Ltd(600190) announced that Liaoning provincial government and China Merchants Group Shenyang signed the port cooperation framework agreement. Liaoning provincial government and China Merchants Group will cooperate to establish a unified operation platform for Liaoning ports. Based on Dalian Port Group Co., Ltd. and Yingkou Port Group Co., Ltd., Liaoning port group will be established in a market way to realize the integration of operation subjects of Liaoning coastal ports.
