Core Insights - Liaoport Co., Ltd. reported a revenue of 8.426 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 5.99% [1] - The net profit attributable to shareholders reached 1.3 billion yuan, marking a year-on-year increase of 37.51% [1] - The company's net profit excluding non-recurring items was 1.285 billion yuan, reflecting a significant year-on-year growth of 65.18% [1] Revenue Growth Factors - The increase in total profit was primarily driven by growth in the company's grain and container business volumes, as well as increased revenue from oil storage, which effectively compensated for the decline in bulk cargo business such as ores [1] - The company has optimized its revenue structure to solidify its profit base, focusing on stabilizing its core business, competing for new market share, and innovating to drive growth in container, grain, and oil products [1] Cost Management Strategies - The company implemented cost reduction and efficiency enhancement measures, leading to a decrease in operating costs despite the increase in revenue, which in turn drove a year-on-year increase in gross margin [1] - Liaoport Co., Ltd. adopted lean operations to deepen cost control, utilizing a comprehensive management system to continuously optimize its cost structure [1]

Core Viewpoint - In the face of a downturn in the steel industry and imbalances in market supply and demand, the company has maintained strategic determination, solidified its operational foundation, accelerated transformation, and reinforced risk management, achieving steady performance in its regular business operations [1][2]. Group 1: Financial Performance - For the period from January to September 2025, the company reported an operating income of 40.893 billion yuan and a net profit attributable to shareholders of 114 million yuan [1]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 159 million yuan year-on-year, indicating a continuous push for deeper and more substantial corporate development [1]. Group 2: Business Operations - In the raw materials sector, the company has focused on business expansion and model innovation, achieving stable operations in key products with significant year-on-year improvement in performance [1]. - In the steel business, the company has optimized its business structure, reinforcing its engineering supply business while accelerating the transformation of its manufacturing terminal, leading to improvements in both scale and quality of terminal operations [1]. - The company has enhanced its supply chain operations by strengthening internal and external resource collaboration, improving integrated service capabilities in warehousing, processing, logistics, bidding, and insurance brokerage [1]. Group 3: Future Outlook - Looking ahead to the fourth quarter, the company plans to continue implementing its work guidelines focused on "stabilizing growth, strengthening industries, promoting innovation, advancing reforms, preventing risks, ensuring safety, and enhancing party building" [2]. - The company will adhere to a "low inventory, high turnover" business strategy, aiming to fully exploit market opportunities while controlling operational risks, enhancing business capabilities, deepening business collaboration, and accelerating transformation and upgrading [2].