XMPD(SZ:000905) Ge Long Hui A P P·2025-09-26 08:53Group 1 - Xiamen Port Development Co., Ltd. has established a joint venture named Xiamen Port Development Building Materials Supply Chain Co., Ltd. with a registered capital of 50 million yuan, where Xiamen Road and Bridge Building Materials Co., Ltd. holds 51% of the shares [1] - The main business of the new joint venture includes sales of cement products, non-metallic minerals and products, and metal materials [1] - The company has faced challenges in the building materials industry due to a prolonged downturn, with concrete prices declining since 2021 and extended payment cycles affecting business performance [2] Group 2 - The board of directors has decided to liquidate and deregister the joint venture due to its inability to meet expected operational results [2] - The liquidation process does not require approval from the shareholders' meeting and does not involve related party transactions or constitute a major asset restructuring [2]