Highton Development(SH:603162) Xin Lang Cai Jing·2025-12-12 08:07Core Viewpoint - The company, Haitong Development, is a leading player in the domestic private dry bulk shipping sector, primarily engaged in coastal and international shipping of dry bulk goods, with a significant portion of its revenue derived from overseas operations benefiting from the depreciation of the RMB [2][4]. Company Overview - Haitong Development is located at 23 Changting Street, Taijiang District, Fuzhou, Fujian Province, and was established on March 19, 2009, with its listing date on March 29, 2023 [8]. - The company primarily focuses on domestic coastal and international ocean dry bulk transportation, with shipping revenue accounting for 90.84% of its total income [8]. - As of September 30, 2025, the company reported a revenue of 3.009 billion yuan, representing a year-on-year growth of 16.32%, while the net profit attributable to shareholders decreased by 38.47% to 253 million yuan [8]. Financial Performance - The company’s overseas revenue accounted for 65.04% of total revenue in the 2024 annual report, benefiting from the depreciation of the RMB [4]. - The company has distributed a total of 266 million yuan in dividends since its A-share listing [9]. Market Activity - On December 12, the company's stock price fell by 0.89%, with a trading volume of 241 million yuan and a turnover rate of 6.98%, resulting in a total market capitalization of 11.388 billion yuan [1]. - The stock has seen a net outflow of 18.4254 million yuan from major investors today, with a ranking of 29 out of 35 in its industry [5][6].