Beibu Gulf Port Co., Ltd.

Company Profile

The company is the primary investor and operator of public wharves along the coast of Guangxi, mainly engaged in port handling, storage, and value-added services for containers and bulk cargo, as well as supporting port services, from which it generates revenue. The Beibu Gulf Port, operated by the company, is located at the intersection of the South China Economic Zone, the Southwest China Economic Zone, and the ASEAN Economic Zone, boasting a unique geographical position. It is one of the main coastal ports in China, effectively connecting with the "Belt and Road" initiative, and radiating to western inland areas such as Chongqing, Yunnan, and Guizhou, as well as Southeast Asian countries like Vietnam. It serves as a crucial hub for energy, raw materials, and foreign trade goods for the country and southwestern regions, and is also the most convenient main channel for maritime access from western China. Through the new western land-sea corridor, it provides a direct and convenient transportation route to the inland hinterland of China, significantly reducing logistics time and costs compared to traditional routes. In particular, for goods destined for Southeast Asia, the Beibu Gulf Port offers a quick connection to the western Chinese market, reducing transit links and enhancing logistics efficiency. The Beibu Gulf Port shoulders the important mission of implementing national and autonomous region strategic tasks. It has developed into a practitioner of Guangxis "Belt and Road" initiative, a key player in advancing the new western land-sea corridor, the international gateway port of the Beibu Gulf, and an international hub seaport. It is also a crucial support point for Guangxis development towards a maritime economy. The Peoples Government of the Guangxi Zhuang Autonomous Region has simultaneously introduced a series of supportive policies to actively increase investment in port and waterway construction, optimize the port collection and distribution system, and enhance service capabilities. In 2024, the Central Committee of the Communist Party of China and the State Council proposed in their opinion on implementing employment priority strategies to promote high-quality and full employment: guiding funds, technology, and labor-intensive industries to orderly transfer from the eastern regions to central and western areas, and from major cities to inland areas; the Ministry of Finance, General Administration of Customs, and State Taxation Administration issued the "Notice on Expanding the Scope of Implementation of the Departure Port Refund Policy," listing the Beibu Gulf Port of Guangxi in the list of departure ports, which helps enterprises in the hinterland of the Beibu Gulf Port choose to export container goods from the Beibu Gulf Port; the Peoples Government of the Guangxi Zhuang Autonomous Region issued the "Action Plan for High-Quality Implementation of RCEP in Guangxi (2022-2025)" (Guizhou Government Document No.13 [2022]), increasing investment in infrastructure such as transportation and logistics, providing better supporting measures for engineering projects; the Peoples Government of the Guangxi Zhuang Autonomous Region issued the "2024 Action Plan for Optimizing Business Environment."The "Key Points of Business Environment Work" clearly states that efforts will be made to promote the integration of sea-rail transport at Beibu Gulf Port, creating a model case for integrated sea-rail transport in China; and to advance pilot reforms such as "direct ship-to-shore pickup" and "direct loading upon arrival." These policy supports provide strong guarantees for the companys development, further enhancing the overall competitiveness of Beibu Gulf Port. The company adheres to the philosophy of "customer first, service first," with a core focus on "first-class facilities, first-class technology, first-class management, and first-class service" to build the "Beibu Gulf Port" service brand. The ports infrastructure has continuously improved, now managing 89 coastal production berths with an annual throughput capacity of 392 million tons, including a container throughput capacity of 9.8 million TEUs. The Beibu Gulf Port can currently reliably berth 300,000-ton oil tankers, 200,000-ton container ships, and 200,000-ton bulk carriers, with deep-water berths capable of accommodating vessels over 100,000 tons accounting for 36%, exceeding the national average for coastal ports. The port offers comprehensive functions, handling 17 categories of cargo listed in the Ministry of Transports classification statistics for coastal port throughput, making it one of the few comprehensive ports in China capable of handling all types of cargo. The network of routes continues to expand, with 8 new routes added in 2024, bringing the total number of routes to 80, including 49 for foreign trade and 31 for domestic trade. Through the existing route network of the Beibu Gulf Port, global container ports can be reached, covering over 200 ports in more than 100 countries and regions. Loading and unloading efficiency continues to improve, with enhanced production management, optimized production organization, and strengthened communication and collaboration. In 2024, the loading and unloading efficiency for bulk and general cargo ships increased by 4% compared to the previous year, while the container loading and unloading efficiency also improvedYear-on-year growth of 6%. In 2024, the company achieved a cargo throughput of 327,824,300 tons, representing a year-on-year increase of 5.61%, accounting for 73% of the total cargo throughput at Beibu Gulf Port; it also completed a container throughput of 9,015,200 TEUs, up 12.38% year-on-year, making up 100% of the total container throughput at Beibu Gulf Port. This fully demonstrates the companys significant position and influence at Beibu Gulf Port in Guangxi. (Note: "total cargo throughput at Beibu Gulf Port" refers to all ports within and outside the companys operations in Beibu Gulf Port, including those operated by the company. Investors are advised to pay attention.)