Summary of Jinjiang Shipping Conference Call Company Overview - **Company**: Jinjiang Shipping - **Year**: 2024 - **Revenue**: 0.21 billion RMB, up 37.45% YoY - **Total Assets**: 103.57 billion RMB - **Net Assets**: 86.18 billion RMB - **Market Position**: Maintains the first market share in the Shanghai-Japan route and is actively expanding Southeast Asia routes [2][3][5] Key Points and Arguments Industry Dynamics - **Asian Shipping Market**: Benefiting from a recovery, with significant growth in trade volumes, particularly in the Northeast Asia and Southeast Asia routes [2][3][5] - **Trade Values**: - China-Japan trade value reached 2.19 trillion RMB - Cross-strait trade value reached 2.08 trillion RMB - China-ASEAN trade value reached 6.99 trillion RMB, up 9% YoY [5][19] Financial Performance - **Container Volume**: 2.3934 million TEUs in 2024, with revenue of 5.97 billion RMB, up 13.36% YoY [3] - **Net Profit**: 1.021 billion RMB, up 37.45% YoY [3] - **Dividend Policy**: Total dividend of 5.15 RMB, accounting for 50.46% of net profit [4][26] Strategic Initiatives - **"One Main Two Wings" Strategy**: Extending logistics services to both ends, providing customized comprehensive logistics solutions [2][6] - **New Routes**: Launched new routes in India, Pakistan, and the Middle East, enhancing service capabilities [7][19] - **Southeast Asia Expansion**: New smart logistics products reducing transit times significantly, enhancing brand competitiveness [7][10] Market Trends - **Southeast Asia Market**: Expected to see a price increase trend from 2025 onwards, with significant growth in container shipping demand [12][19] - **Cargo Structure Changes**: Shift from low-end to high-end products, particularly in electronics, necessitating faster delivery services [16][18] Operational Efficiency - **Fleet Expansion**: Investment in new vessels, including three 1,900 TEU ships and two 1,100 TEU ships for enhanced service [22][23] - **Operational Strategy**: Maintaining a 50% leasing ratio while increasing owned fleet to improve cost control and service efficiency [24] Shareholder Returns - **Focus on Returns**: Commitment to maintaining a minimum of 50% dividend payout ratio while balancing capital expenditures [25][26] Future Outlook - **Market Growth**: Positive expectations for cargo growth in Southeast Asia, with a focus on maintaining operational stability and exploring new opportunities [27] Additional Important Insights - **Impact of Tariff Policies**: Long-term trends suggest increased freight volumes in Southeast Asia due to ongoing shifts in manufacturing and trade patterns [19][20] - **Integration of Services**: Efforts to integrate services between Japan and Southeast Asia to meet high delivery time demands [21]

中证报中证网讯(王珞)上峰水泥（000672）于4月28日召开了2024年度暨2025年第一季度业绩说明会。 2024年，上峰水泥实现营业收入54.48亿元；归属于上市公司股东的净利润6.27亿元；归属于上市公司股 东的扣除非经常性损益的净利润4.74亿元；总资产达175.78亿元；归属于上市公司股东的净资产为89.49 亿元。 上峰水泥主要从事水泥熟料、水泥、特种水泥、混凝土等建材产品的生产制造和销售。公司的一主两翼 发展战略，暨以水泥主业为根基，通过产业链延伸+股权投资双引擎切入半导体、新能源等战略新兴产 业。参加此次业绩说明会的有公司董事长兼总裁俞峰，党委书记、董事、副总裁兼董事会秘书瞿辉，独 立董事李琛，财务副总监李必华等人。在投资者交流阶段，公司积极回应投资者提问，对资源储备、区 域优势、市场开拓、科技创新、经营业绩、财务指标、治理机制、投资计划等投资者关注的热点问题进 行了解答，现场问题回复率100%。 近年来，公司充分应用已有资源向相关产业延伸，骨料、水泥窑协同处置环保业务成为重要新业务。 2020年至2024年，上峰水泥"一主两翼"战略规划在复杂多变的环境下起到了引领方向、明晰目标、聚焦 共进 ...

瞿辉表示："截至目前，公司新经济股权投资业务累计投资24个项目，累计投资金额17.85亿元。2024年 对净利润的贡献率超过20%，累计盈利5.3亿元。晶合集成项目已经完成从投资、上市、退出步骤，获 得投资收益1.66亿元。" "过去五年，公司'一主两翼'战略取得显著成就，根据新的五年规划，到2029年，公司的业务格局力争 从'双轮驱动'向'三驾马车'演变，形成由新质材料增长型业务、建筑材料基石类业务、股权投资资本型 三大业务构成的协同发展格局。"在4月28日召开的2024年度暨2025年第一季度业绩说明会上，上峰水泥 副总裁兼董事会秘书瞿辉在回答《证券日报》记者提问时表示。 上峰水泥主要从事水泥熟料、水泥、特种水泥、混凝土等建材产品的生产制造和销售。近年来，公司充 分应用已有资源向相关产业延伸，骨料、水泥窑协同处置环保业务成为重要新业务。 2024年，上峰水泥实现营业收入54.48亿元；归属于上市公司股东的净利润6.27亿元；归属于上市公司股 东的扣除非经常性损益的净利润4.74亿元；总资产达175.78亿元；归属于上市公司股东的净资产为89.49 亿元。 2020年至2024年，上峰水泥"一主两翼"战略规 ...