Core Viewpoint - Xiamen Port Development Co., Ltd. continues to experience high revenue but low profit, as evidenced by its 2024 annual report showing a decline in both revenue and net profit [2][4]. Financial Performance - In 2024, the company achieved a revenue of approximately 22.15 billion yuan, a year-on-year decrease of 3.40% [3]. - The total profit for the year was 371 million yuan, down 7.72% year-on-year, while the net profit attributable to shareholders was around 200 million yuan, reflecting a decline of 13.84% [3]. - The company's gross profit margin for 2024 was 2.84%, showing a slight increase of 0.06 percentage points compared to 2023 [6]. Business Segments - The port trade business contributed 89.62% of the overall revenue, although it experienced a year-on-year decline of 4.09%, generating approximately 19.86 billion yuan [3]. - The bulk cargo terminal segment achieved a revenue of 1.02 billion yuan, a slight increase of 0.17% year-on-year, while the logistics segment generated 1.26 billion yuan, up 5.45% year-on-year [3]. Major Asset Restructuring - The company announced a significant asset restructuring plan to acquire 70% of Xiamen Container Terminal Group, aiming to enhance profitability [7]. - The acquisition is expected to create synergies with existing operations and improve the company's financial performance, as the container terminal group has shown strong profitability with net profits of approximately 492 million yuan and 562 million yuan for 2023 and 2024, respectively [7][9]. Historical Context - Since 2017, the company's revenue has consistently exceeded 10 billion yuan, surpassing 20 billion yuan since 2021, but net profits have remained below 300 million yuan [6]. - The gross profit margin has not exceeded 10% since 2013, consistently hovering around 3% in recent years [6].

装入"优质资产" 股权结构显示，截至本预案签署日，国际港务持有厦门港务52.16%股份，为厦门港务的控股股东；同时，国际港务持有集装箱码头集团100%股权。由于 国际港务为厦门港务的控股股东，本次交易构成关联交易，构成重大资产重组。交易完成后，集装箱码头集团将成为上市公司的控股子公司，上市公司的 控股股东仍为国际港务，实际控制人仍为福建省国资委，不会导致上市公司控制权发生变更。 星标 ★ IPO日报 精彩文章第一时间推送 3月19日，复牌涨停一天后的厦门港务，股价略有回落，微跌0.92%，报收8.6元。厦门港务的未来走势和企业发展，成为市场关注的焦点。 3月17日晚间，厦门港务发展股份有限公司（厦门港务，000905.SZ）披露重大资产重组预案，拟通过发行股份及支付现金的方式，向厦门国际港务有限公 司（下称"国际港务"）购买厦门集装箱码头集团有限公司（下称"集装箱码头集团"）70%股权，并向不超过35名符合条件的特定对象发行股份募集配套资 金，交易资产预估值及拟定价尚未确定。 18日，公司股票停牌一周后复牌，股价开盘即一字涨停，收盘价报8.68元。 制图：佘诗婕 据悉，国际港务成立于1998年，注册资本27. ...