厦门港务跌7.45%，成交额5.59亿元，近5日主力净流入-1.51亿

Core Viewpoint - Xiamen Port Development Co., Ltd. experienced a significant drop in stock price, falling by 7.45% on November 21, with a trading volume of 559 million yuan and a market capitalization of 7.552 billion yuan [1] Company Overview - The company primarily engages in the handling of bulk cargo at terminals, comprehensive logistics services, and commodity trading, making it the largest comprehensive logistics service provider in the Xiamen port area [2] - It possesses scarce resources such as bulk cargo terminals and a complete logistics service chain, facilitating effective intermodal logistics services [2][3] - The company operates the largest bulk cargo handling terminal in Fujian province and the only domestic container handling terminal in Xiamen port, along with the largest container transport fleet in Fujian [3] Business Performance - For the period from January to September 2025, the company reported a revenue of 16.612 billion yuan, a year-on-year decrease of 7.67%, while the net profit attributable to shareholders was 196 million yuan, reflecting a year-on-year increase of 3.12% [8] - The main business revenue composition includes 89.43% from comprehensive supply chain services, 5.65% from port support services, and 4.59% from terminal handling and storage [7] Market Position and Strategy - The company is strategically located in the core area of the Maritime Silk Road and has established friendly port relationships with 11 ports, including Port Klang in Malaysia and Miami Port in the USA, since the Belt and Road Initiative [3] - The company plans to leverage its geographical advantages to accelerate the construction of competitive cross-border e-commerce logistics channels and enhance cooperation with various cross-border e-commerce platforms [5] Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders was 41,800, a decrease of 20.04% from the previous period, while the average circulating shares per person increased by 25.06% to 17,738 shares [7] - The third-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 5.931 million shares, an increase of 2.1053 million shares compared to the previous period [8]