Ge Long Hui A P P·2025-10-30 06:45Core Viewpoint - Qingdao Port achieved a net profit attributable to shareholders of 4.18 billion yuan from January to September 2025, representing a year-on-year growth of 6.33% [1] - In Q3 2025, the net profit attributable to shareholders was 1.34 billion yuan, showing a year-on-year increase of 3.79%, indicating strong profitability resilience [1] Group 1: Company Performance - Qingdao Port is a natural deep-water port with advantages in proximity and travel time to major ports like Busan, the Bohai Rim ports, and Shanghai, contributing to continuous growth in cargo throughput [1] - The company has completed the acquisition of its former joint venture Weihai Qingwei since 2022 and announced the acquisition of quality assets from Rizhao Port and Yantai Port in 2023, with ongoing progress in asset integration [1] Group 2: Financial Metrics - The company has a current dividend yield of 3.54%, with retained earnings continuing to grow, indicating potential for future dividend increases [1] - Since 2021, the risk-free rate of return has been declining, enhancing the value of low-risk, high-dividend income-generating assets [1] Group 3: Investment Outlook - The company is considered attractive for investment, maintaining a "buy" rating due to its strong financial performance and growth prospects [1]