YPH(SZ:000088) Chang Jiang Shang Bao·2025-10-21 23:49Core Viewpoint - Yantian Port is increasing its investment in the port industry by participating in the establishment of a marine technology investment fund, aiming to enhance its core business and expand its influence in the industry [1][2]. Investment Strategy - Yantian Port plans to invest 211 million yuan as a limited partner in the Shenzhen Port Hongsheng Marine Technology Investment Fund, which has a total subscription amount of 520 million yuan, representing 40.58% of the fund [2]. - The fund will focus on investments in marine technology applications in port scenarios, including smart port operating systems, high-end intelligent equipment, and green low-carbon port technologies [1][2]. Financial Performance - From 2022 to the first half of 2025, Yantian Port's net profit totaled 3.582 billion yuan, with year-on-year growth rates of 2.27%, 134.88%, 21.74%, and 4.07% respectively [3]. - During the same period, the company's investment income reached 3.398 billion yuan, with year-on-year growth rates of 19.44%, 116.12%, 6.65%, and 10.3% [3][4]. - The total investment income accounted for 94.86% of the total net profit over the past three and a half years [4]. Financial Health - As of the end of the first half of 2025, Yantian Port's debt-to-asset ratio decreased to 18.78%, down from 33.69% in the same period of 2024, indicating improved financial health [6][7]. - The company reported 2.183 billion yuan in cash and no short-term borrowings, with long-term borrowings amounting to 2.907 billion yuan [6][7].