Ge Long Hui A P P·2025-11-11 06:14Core Viewpoint - The report from Zhongyin Securities indicates that Huamao Logistics experienced a significant decline in net profit for the first three quarters of 2025, with a year-on-year decrease of 35.07% to 307 million yuan, and a 53.33% drop in Q3 net profit to 79 million yuan. However, the company is expected to benefit from its internationalization and overseas warehouse strategies, maintaining an "overweight" rating [1]. Group 1 - Huamao Logistics' net profit for the first three quarters of 2025 was 307 million yuan, reflecting a year-on-year decrease of 35.07% [1] - In Q3 2025, the company's net profit was 79 million yuan, down 53.33% year-on-year [1] - The company is focusing on expanding its overseas warehouse construction and international layout, which may improve its operating environment following the U.S.-China trade negotiations [1] Group 2 - In the first half of 2025, Huamao Logistics established new overseas companies in Indonesia, Uzbekistan, and Saudi Arabia, actively participating in the "Belt and Road" initiative [1] - As of June 30, 2025, the company had over 90 self-owned overseas locations, covering major ports and key logistics cities across six continents [1] - The company has developed comprehensive logistics service capabilities in key regions such as Southeast Asia, Central and South America, and Africa, making it one of the domestic logistics firms with the most extensive overseas network [1] Group 3 - Current investments in overseas warehouses and air transport channels are expected to gradually translate into long-term competitiveness and market share for the company [1] - Following the meeting between the U.S. and Chinese leaders on October 30, some consensus was reached on economic and trade issues, which may lead to an improved operating environment for the company's U.S. business [1] - The company's profitability is anticipated to recover in the future as a result of these developments [1]