CMLOG(SH:603967) Tai Ping Yang·2024-06-26 06:02Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook on its future development [4]. Core Insights - The company reported a total revenue of 7.399 billion, a year-on-year decrease of 37.61%, and a net profit of 240 million, down 1.51% from the previous year. The earnings per share (EPS) stood at 0.69 yuan, with a return on equity (ROE) of 10.81%. A cash dividend of 0.5 yuan per share was declared, resulting in a dividend yield of 5.54% based on the closing price on the disclosure date [4]. - In Q1 2024, the company achieved a revenue of 2.379 billion, representing a year-on-year increase of 49.5%, and a net profit of 63 million, up 17.6% compared to the same period last year [4]. - The company has established strong business relationships with major shipping companies and well-known clients across various industries, enhancing its market position [4]. Revenue Breakdown - The cross-border container segment generated 6.57 billion in revenue, a decline of 42%, contributing 88.8% to total revenue and 80% to profit [4]. - The new energy engineering segment saw revenue rise to 750 million, an increase of 64.6%, contributing 10.1% to total revenue and 15% to profit [4]. - The smart cold chain segment experienced a revenue increase of 20%, contributing 0.76% to total revenue and 2.7% to profit [4]. Strategic Focus - The company aims to strengthen its traditional business while accelerating its overseas expansion. It plans to leverage its experience in Indonesia to capture opportunities in Southeast Asia, Africa, and the Middle East, collaborating with major domestic enterprises [4].