Core Viewpoint - The company reported strong financial performance in the first half of 2025, achieving a record net profit and demonstrating resilience in its core port operations despite global economic challenges [2][8]. Financial Performance - The company achieved operating revenue of 8.468 billion yuan, a year-on-year increase of 6.2% [2]. - The net profit attributable to shareholders reached 2.627 billion yuan, marking a historical high with a growth of 3.1% [2]. - The net profit excluding non-recurring items was 2.519 billion yuan, showing a significant increase of 16.4% year-on-year [2]. Port Operations Growth - The company's container throughput exceeded 10 million TEUs in the first half of the year, with domestic ports handling 7.919 million TEUs (up 6.2%) and overseas ports handling 1.920 million TEUs (up 5.0%) [3]. - The Shenzhen Western Mother Port achieved a container throughput of 839,000 TEUs, a substantial increase of 11.0% year-on-year, capturing over 50% of Shenzhen's foreign trade market share [3]. Global Expansion Strategy - The company's overseas business generated revenue of 3.075 billion yuan, reflecting a year-on-year growth of 15.4%, with overseas revenue accounting for 36.3% of total revenue [4]. - The acquisition of the Brazilian oil terminal project is expected to enhance the company's presence in the Latin American market [4]. Operational Efficiency - The company's port business gross margin reached 46.6%, an increase of 0.9 percentage points year-on-year, while management and financial expenses decreased by 6.1% and 16.0%, respectively [7]. Innovation and Sustainability - The company made significant progress in digital and green transformation, with the new CTOS system successfully launched in Brazil and ongoing projects in Turkey and Shantou [8]. - The company received an "AAA" ESG rating from WIND, ranking first in the industry for sustainable development [8]. Strategic Outlook - The company aims to maintain its strategic focus and leverage its global network, technological innovation, and operational efficiency to achieve its goal of becoming a world-class comprehensive port service provider [8].