海通发展：7月31日召开业绩说明会，投资者参与

Core Viewpoint - Company aims to achieve stable and efficient development in the second half of 2025, focusing on expanding its dry bulk shipping business and enhancing its operational capabilities through various strategic initiatives [2][3]. Group 1: Strategic Planning - The company will continue to implement the "Belt and Road" initiative to expand its global dry bulk shipping operations, optimizing management systems and investing in information technology to improve service quality and operational efficiency [2]. - The company plans to enhance its fleet structure and operational flexibility by acquiring new dry bulk vessels, which will help in better matching cargo types and shipping routes [3]. Group 2: Capital Increase Impact - The company is issuing up to 30 million shares, raising a maximum of 210 million yuan, which will be used for the acquisition of dry bulk vessels [3]. - The full subscription of the capital increase by the controlling shareholder and related parties demonstrates confidence in the company's long-term value and the future prospects of the dry bulk shipping industry [3]. Group 3: Operational Strategy and Advantages - The company has established itself as a competitive player in the domestic and international dry bulk shipping market, with a focus on a flexible fleet structure that allows for efficient global operations [4]. - The company has expanded its controlled capacity by adding 12 vessels, with a total controlled capacity of 4.84 million deadweight tons as of June 2025 [5]. Group 4: Financial Performance - For the first half of 2025, the company reported a revenue of 1.8 billion yuan, a year-on-year increase of 6.74%, while net profit decreased by 64.14% to approximately 86.87 million yuan [7]. - The company’s gross profit margin stands at 10.59%, with a debt ratio of 33.13% [7]. Group 5: Market Management Plans - The company is actively responding to market management policies by enhancing investor relations and improving information disclosure quality to support its market value management efforts [6]. Group 6: Earnings Forecast - Recent earnings forecasts predict net profits of approximately 596 million yuan for 2025, with expectations for continued growth in subsequent years [10].