|

The Cross-sea bridge at Yangkou Port is funded by Yangkou Port Investment Development Co. [Photo/Voice of Nantong]

Jiangsu Yangkou Port Investment Development Company, established in 2003, has played a pivotal role in the development of the Yangkou Port area in Rudong, Nantong, East China's Jiangsu province.

As a fully State-owned enterprise, the company's primary mission revolves around the construction of infrastructure for Yangkou Port. According to Lyu Haijun, the general manager, the company's registered capital is a modest 10 million yuan ($1.38 million), while its investments in projects amount to tens of billions of yuan.

To address this financial challenge, the county government and the company found a strategic investor, Hong Kong-based Blue River Holdings Ltd, which helped increase the registered capital to $136.65 million and held a 60 percent stake.

To overcome funding hurdles during construction, the Hong Kong company made additional investments and raised its stake to 75 percent, said Lyu. However, as various projects were completed, there was another equity adjustment in 2011, and the State reclaimed a controlling 90.1 percent stake. "This approach allowed for innovative problem-solving, simultaneously addressing financial constraints and ensuring effective risk management."

Over the course of nearly two decades, Yangkou Port Investment Development Company has invested a total of 4.5 billion yuan. Their accomplishments include the construction of a 3-square-kilometer artificial island, a 13-kilometer trans-sea bridge, three phases of a coastal industrial zone, and a 10,000-ton bulk cargo berth. In 2022, the company achieved revenue of 605 million yuan, with profits exceeding 46 million yuan.

In the future, the company plans to accelerate the development of new business segments like warehousing and logistics bases, further enhancing its capacity for sustainable development.