MILKYWAY(SH:603713) Chang Jiang Shang Bao·2025-09-09 23:33Core Viewpoint - Milkyway, a leading professional intelligent supply chain service provider in China, has secured a significant contract worth approximately 180 million yuan with China National Offshore Oil Corporation (CNOOC) for logistics services, marking a recognition of its delivery capabilities in the chemical supply chain sector [2][3]. Financial Performance - In the first half of 2025, Milkyway achieved a revenue of 7.035 billion yuan, representing a year-on-year growth of 17.40%. The net profit attributable to shareholders was 352 million yuan, up 13.12% from the previous year [5][6]. - The company's cash flow from operating activities reached 1.245 billion yuan, showing a substantial increase of 636.00% year-on-year, providing a strong foundation for business expansion [6]. Business Development - Milkyway has established long-term partnerships with numerous renowned companies in the chemical, new energy, and semiconductor sectors, including BASF, Dow, and ExxonMobil, with over 10,000 effective clients [4][5]. - The company has been actively expanding its service offerings, including freight forwarding, warehousing, and transportation, while also extending into chemical distribution and new energy sectors [4]. Strategic Initiatives - Milkyway is focusing on enhancing its market competitiveness through the establishment of six major operational zones in Greater China and has initiated a global expansion strategy with subsidiaries in various countries [7][8]. - The company has significantly increased its R&D investment, with expenses rising from 6.03 million yuan in 2017 to 30.88 million yuan in the first half of 2025, reflecting a 9.1-fold increase over seven years [8][9]. Technological Advancements - As of the mid-2025 report, Milkyway has obtained a total of 116 patent certificates, including 12 invention patents and 104 utility model patents, along with 231 software copyright certificates [9].