Core Viewpoint - Xiamen Port Authority has emerged as a strong performer in the capital market, with its stock price experiencing a significant increase of 115.6% year-to-date, driven by a combination of business acquisition plans and geographical advantages [2][3][9] Stock Performance - The stock price of Xiamen Port Authority reached a closing price of 15.97 CNY per share on December 10, marking a 46.38% increase from 10.91 CNY on December 4 [2][3] - The stock has shown a remarkable upward trend, with a 115.6% increase year-to-date, and over 40% of this increase occurred in December alone [3] - During the consecutive trading days of price increases, the net inflow of main funds exceeded 300 million CNY, indicating strong market sentiment [2][3] Business Acquisition - Xiamen Port Authority plans to acquire 70% of Xiamen Container Terminal Group for 6.178 billion CNY, which is expected to enhance its business structure and create synergies between its existing operations and the new acquisition [8][9] - The acquisition will allow the company to expand from primarily handling bulk cargo to include more profitable container operations, significantly improving profit margins [9] Geographical and Operational Advantages - Xiamen Port Authority operates under a "one main, three drives" business model, focusing on integrated logistics services and benefiting from its strategic location as a key point in the 21st Century Maritime Silk Road [6][9] - The company possesses unique resources, including approximately 5.9 kilometers of wharf coastline and 21 operational berths, making it a leader in bulk cargo handling in the region [6][7] Financial Performance - In the first three quarters of 2025, Xiamen Port Authority reported a slight decline in revenue to 16.612 billion CNY, but a year-on-year increase in net profit to 196 million CNY, reflecting improved profitability [7] - The company has shown fluctuations in revenue over the past few years, with revenues of 21.996 billion CNY in 2022, 22.927 billion CNY in 2023, and 22.147 billion CNY in 2024 [7]