XD INVESTMENT(SZ:000900) Zheng Quan Ri Bao Wang·2025-11-25 10:53Core Viewpoint - Modern Investment is transitioning from traditional transportation to a "physical logistics + digital technology" integrated platform by establishing Hunan Smart Logistics Information Co., Ltd. with an investment of 2 billion yuan, holding a 52% controlling stake [1][2]. Group 1: Strategic Move - The establishment of the smart logistics company represents a significant strategic upgrade for Modern Investment, leveraging its resources to create a provincial-level logistics big data operation service platform [2][3]. - The company aims to transform from a "logistics channel" to a "digital hub" by deeply integrating physical resources like highway networks with digital technologies [2][3]. Group 2: Financial Performance - In the first three quarters of 2025, Modern Investment reported a net profit attributable to shareholders of 433 million yuan, a year-on-year increase of 6.7%, with interest expenses reduced by 131 million yuan, a decline of 17.9% [2]. - The company's operating cash flow reached 2.764 billion yuan, indicating a solid financial foundation for its strategic investments [2]. Group 3: Value Creation - The smart logistics company will create a value closed loop of "data-platform-scenario-asset," driving the transformation of industries like finance and logistics towards high-value digitalization [3][4]. - By integrating logistics data and resources, the company aims to facilitate strategic collaboration among state-owned enterprises and create a new path for asset value realization [3][4]. Group 4: Market Positioning - This strategic shift is seen as a key move for Modern Investment to break through valuation bottlenecks, as the company has historically been undervalued in the traditional infrastructure sector [4][5]. - The integration of stable cash flow assets with promising data technology concepts positions Modern Investment as a "leading digital logistics enterprise," signaling a shift towards a dual focus on strategy and growth [4][5]. Group 5: Future Outlook - The transformation is expected to attract long-term investors who recognize the value of technology empowerment and model innovation, potentially leading to a revaluation of the company in the capital market [5][6]. - As the leader of Hunan's digital logistics platform, Modern Investment's initiative is anticipated to inject new momentum into the regional economy while establishing a new model for state-owned enterprise transformation in the "technology + logistics" integration sector [6].