NZP(SH:601018) Zheng Quan Ri Bao Wang·2025-10-29 13:15Core Viewpoint - Ningbo Zhoushan Port Co., Ltd. reported a decline in net profit for Q3 2025, primarily due to a high comparative base from the previous year, despite an increase in operating revenue and a strong performance in core business profitability [1][2]. Financial Performance - In Q3 2025, the company achieved operating revenue of 7.968 billion yuan, a year-on-year increase of 7.86% [1]. - The net profit attributable to shareholders was 1.278 billion yuan, a year-on-year decrease of 31.69% [1]. - Excluding non-recurring gains, the adjusted net profit was 1.266 billion yuan, reflecting a year-on-year growth of 13.79% [1]. Business Growth - For the period from January to September 2025, the company expects to complete a container throughput of 39.24 million TEUs, representing a year-on-year increase of 9.9% [1]. - The total cargo throughput is projected to reach 911.45 million tons, showing a year-on-year growth of 6.8% [1]. Operational Efficiency - The port has improved its comprehensive service levels, including port scheduling efficiency and service response speed [2]. - The company is advancing its smart and green transformation through technological innovation and institutional reform [2]. Infrastructure Development - The first phase of the Fodu Container Terminal project at Liuhong Port officially commenced in October 2025, marking a significant investment in port infrastructure [2]. - This project is part of the overall planning for Ningbo Zhoushan Port and aims to enhance the efficiency of container transfer [2]. Industry Positioning - The company is at the forefront of smart port construction in China, benefiting from national policies supporting automation in ports [2]. - Recent innovations include a collaborative operation model for container inspection, transitioning from traditional methods to data intelligence [2]. Future Outlook - The company plans to continue leveraging development opportunities and enhance its comprehensive service capabilities to establish a world-class strong port [3].