CRT(SH:600125) Zheng Quan Ri Bao Wang·2025-09-08 12:36Core Viewpoint - The company, China Railway Tielong Container Logistics Co., Ltd. (铁龙物流), emphasizes its role in the national logistics system and its strategic focus on special containers and regional port logistics to enhance operational efficiency and reduce costs [1][2]. Financial Performance - In the first half of the year, the company reported revenue of 5.513 billion yuan, a decrease of 22.14% year-on-year, while net profit attributable to shareholders was 379 million yuan, an increase of 33.34% [1][2]. - The decline in revenue is attributed to a deliberate reduction in the scale of the supply chain business, which saw a year-on-year revenue drop of 32.77% [2]. - The special container segment, which has the highest gross margin, achieved revenue of 1.361 billion yuan, a year-on-year increase of 3.81%, with a gross margin of 32.12%, up 2.42 percentage points [2]. Strategic Focus - The company holds approximately 150,000 special containers, leading the domestic market in both variety and quantity [1]. - Investments in special containers are set to increase from 270 million yuan in 2022 to 660 million yuan in 2024, with the gross margin contribution from this segment rising from 48.7% in 2022 to 67.4% in 2024 [2]. Market Position and Future Plans - The special container business aligns with modern logistics trends such as green and digital logistics, showcasing its growth potential [3]. - The company plans to enhance cash dividends to shareholders, proposing a mid-year cash dividend of 0.50 yuan per 10 shares, totaling 65.276 million yuan, marking its first mid-year dividend [3]. - Future strategies will focus on achieving world-class standards in railway enterprises while ensuring operational safety and quality growth [3].