XMPD(SZ:000905) Xin Lang Cai Jing·2025-09-25 07:24Core 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, logistics services, and port trade, making it the largest comprehensive logistics service provider in the Xiamen port area [2][3]. - The 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 revenue composition includes 89.43% from comprehensive supply chain services, 5.65% from port support services, 4.59% from cargo handling and storage, and 0.33% from other sources [7]. Financial Performance - For the first half of 2025, the company reported revenue of 10.542 billion yuan, a year-on-year decrease of 14.72%, while net profit attributable to shareholders was 141 million yuan, an increase of 9.44% [7]. - The company has distributed a total of 963 million yuan in dividends since its A-share listing, with 199 million yuan distributed over the past three years [8]. Market Activity - On September 25, the stock price fell by 2.14%, with a trading volume of 121 million yuan and a turnover rate of 1.97%, leading to a total market capitalization of 6.098 billion yuan [1]. - The main capital flow showed a net outflow of 14.6074 million yuan, with a continuous reduction in major shareholder positions over the past three days [4][5]. Technical Analysis - The average trading cost of the stock is 8.47 yuan, with the current price approaching a support level of 8.17 yuan, indicating potential for a rebound if this level holds [6].