XMPD(SZ:000905) Xin Lang Cai Jing·2025-09-09 13:32Core Viewpoint - Xiamen Port Development Co., Ltd. is experiencing a decline in stock price and trading volume, indicating potential challenges in the market environment [1][4]. Company Overview - The company primarily engages in bulk cargo handling, integrated logistics services, and port trade, making it the largest comprehensive logistics service provider in the Xiamen port area [2][3]. - Xiamen Port's business model encompasses all aspects of cargo movement in and out of the port, forming a complete supply chain for port logistics services [3]. - The company aims to deepen strategic integration around its core port logistics business, focusing on synergistic effects and expanding its operational capabilities [3]. Financial Performance - For the first half of 2025, Xiamen Port reported operating revenue of 10.542 billion yuan, a year-on-year decrease of 14.72%, while net profit attributable to shareholders increased by 9.44% to 141 million yuan [7]. - The revenue composition includes 89.43% from integrated supply chain services, 5.65% from port support services, and 4.59% from cargo handling and storage [7]. Market Activity - On September 9, the stock price of Xiamen Port fell by 1.48%, with a trading volume of 94.5118 million yuan and a turnover rate of 1.47%, resulting in a total market capitalization of 6.402 billion yuan [1]. - The main capital flow showed a net outflow of 12.2676 million yuan, indicating a reduction in institutional holdings over the past two days [4][5]. Technical Analysis - The average trading cost of the stock is 8.46 yuan, with the current price near a support level of 8.57 yuan, suggesting potential volatility if the support level is breached [6].