Core Insights - Shandong Port Qingdao Port demonstrated strong resilience in Q3 2025, with a year-on-year increase of 4.4% in general cargo throughput, which is an improvement of 1.5 percentage points compared to Q2 [1] Group 1: Business Performance - The soybean throughput increased by 15% year-on-year, effectively ensuring the stability of China's food supply chain [2] - Pulp throughput grew by 7%, playing a significant role in the circulation of the paper industry [2] - Steel throughput surged by over 20%, while machinery equipment throughput rose by nearly 10% [2] - The export volume of passenger vehicles increased by over 50%, continuously supporting the international expansion of Chinese manufacturing [2] Group 2: Strategic Developments - Shandong Port Qingdao Port is a key international trade port and transit hub in China, having expanded its international route network by adding multiple new routes to regions such as India, Pakistan, Africa, and Southeast Asia [2] - The port focuses on developing four key categories of goods: grain, pulp, steel, and machinery equipment, establishing dedicated distribution and transshipment bases for these commodities [2] - Through innovative operational models and optimized resource allocation, the port achieved both efficiency and volume growth [2]