Beibu Gulf Port (SZ:000582) Xin Lang Cai Jing·2025-10-27 07:05Core Viewpoint - The company, Beibu Gulf Port, is a key player in the logistics and shipping industry, focusing on container and bulk cargo handling, and is strategically positioned to benefit from the Belt and Road Initiative and the development of the Western Land-Sea New Corridor [2][3]. Business Overview - The main business activities of the company include port loading and unloading, storage, tugboat services, and agency services, with a significant focus on container and bulk cargo [2]. - The company holds a 49% stake in a subsidiary, Guangxi Fangchenggang Natural Gas Co., Ltd., which specializes in liquefied natural gas storage and sales, with a registered capital of 270 million yuan [2]. - Beibu Gulf Port is the only public terminal operator in the Guangxi Beibu Gulf region and plays a crucial role in the national strategy to connect with ASEAN and develop new strategic points for open development in Southwest and Central South China [3]. Performance Metrics - In 2023, the company achieved a cargo throughput of 31,039.78 million tons, representing a year-on-year increase of 10.81%, accounting for 70% of the total cargo throughput at Beibu Gulf Port [3]. - The container throughput reached 802.20 million TEUs, with a year-on-year growth of 14.26%, making up 100% of the total container throughput at the port [3]. - The company has established various import and export qualifications, including for fruits, alcohol, meat, and fireworks, and has opened multiple fruit shipping routes from Thailand, Vietnam, and Cambodia [3]. Financial Overview - As of June 30, 2025, the company reported an operating income of 3.556 billion yuan, reflecting a year-on-year increase of 11.50%, while the net profit attributable to shareholders was 531 million yuan, down 15.70% year-on-year [8]. - The company has distributed a total of 3.034 billion yuan in dividends since its A-share listing, with 1.396 billion yuan distributed over the past three years [8]. Market Position - The company is positioned within the transportation sector, specifically in shipping ports, and is part of various concept sectors including port transportation, state-owned enterprises in Guangxi, and natural gas [8].