厦门港务跌8.13%，成交额13.06亿元，近5日主力净流入-2.91亿

Core Viewpoint - Xiamen Port Development Co., Ltd. experienced a significant drop in stock price by 8.13% on December 16, with a trading volume of 1.306 billion yuan and a turnover rate of 13.20%, leading to a total market capitalization of 9.644 billion yuan [1]. Company Overview - The company primarily engages in the handling of bulk cargo at its 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 the province [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 Future Outlook - 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 cross-border e-commerce regulatory center operated by the company has seen a significant increase in exports to Taiwan compared to the same period last year, indicating a focus on enhancing competitive cross-border e-commerce logistics channels [5]. Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders decreased by 20.04% to 41,800, while the average circulating shares per person increased by 25.06% to 17,738 shares [7]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest, holding 5.931 million shares, an increase of 2.1053 million shares compared to the previous period [8].