Ge Long Hui A P P·2025-12-29 07:39Core Viewpoint - Dongxing Securities report highlights Xingtong Co., Ltd. as a leading enterprise in the coastal liquid chemical transportation sector, aiming to become a first-class international and domestically leading comprehensive chemical supply chain service provider [1] Company Overview - Xingtong Co., Ltd. has been deeply engaged in the coastal liquid chemical transportation field for many years, currently operating a fleet of 40 vessels for various types of bulk liquid hazardous goods, including 34 chemical tankers, 3 product oil tankers, and 3 LPG tankers [1] Market Outlook - The company's performance is expected to face short-term pressure over the next 25 years; however, it is anticipated that the domestic trade market will improve as downstream demand reaches a bottom and supply growth slows [1] - In the foreign trade sector, the company is seizing market opportunities presented by the aging of global chemical tankers, utilizing a young fleet that is high-end, energy-efficient, and environmentally friendly to rapidly capture market share, thus creating new growth points for the company [1] Investment Recommendation - The report initiates coverage on the company with a "Buy" rating, indicating a positive outlook for its future performance [1]