Zheng Quan Shi Bao Wang·2025-08-29 07:45Core Viewpoint - Qin Port Co., Ltd. reported a slight decline in revenue and net profit for the first half of 2025, but showed resilience in core business operations with a notable increase in cargo throughput [1][2]. Financial Performance - The company achieved a revenue of 3.451 billion yuan, a year-on-year decrease of 0.30% - Net profit attributable to shareholders was 988 million yuan, down 2.22% - Non-recurring net profit increased by 4.08% to 982 million yuan - Basic earnings per share stood at 0.18 yuan [1]. Cargo Throughput - Total cargo throughput reached 208.38 million tons, an increase of 6.22 million tons or 3.08% compared to the same period in 2024 - Key port areas showed differentiated growth: - Qinhuangdao Port: 89.42 million tons, a slight increase of 0.31% - Caofeidian Port: 68.04 million tons, up 4.07% - Huanghua Port: 50.92 million tons, a significant increase of 6.88% [1][2]. Cargo Structure - Core cargo types showed stable growth, with emerging businesses experiencing significant increases: - Coal throughput: 106.46 million tons, up 3.92% - Metal ore throughput: 76.43 million tons, a slight increase of 0.50% - Oil and liquid chemicals: 0.87 million tons, up 10.13% - Container throughput: 8.73 million tons, with a box volume increase of 20.75% - General cargo: 15.89 million tons, up 1.53% [2]. Competitive Advantage - The company continues to strengthen its industry position through resource integration and strategic partnerships - The controlling shareholder, Hebei Port Group, coordinates port resources to avoid disorderly competition - Long-term cooperation with major clients like China Coal Group and State Energy Investment Group supports business stability [3]. Future Outlook - For the second half of 2025, the company plans to focus on developing new cargo sources, expanding metal ore business, and enhancing service efficiency - The company aims for steady annual performance growth by leveraging market changes and national economic policies [3].