Core Insights - The overall cargo volume in the Russian container market decreased by 5.6% in the first ten months of 2025 compared to the same period in 2024, reaching 5.9 million TEUs [1] - The primary reasons for the decline include a drop in transit transport volumes and a decrease in imports via Far Eastern ports [1] - Delo Group's methodology for calculating the Russian container market includes container cargo volumes in foreign trade transported through Russian ports and land border crossings, as well as transit and domestic rail transport volumes [1] Company Overview - Delo Group is a Russian transportation and logistics company established in 1993 [1]

Group 1 - The company expects a significant increase in net profit for the first three quarters of 2025, projecting a range of approximately RMB 117,000 million to RMB 120,000 million, which represents a year-on-year growth of 62.72% to 66.89% [3] - The projected net profit after deducting non-recurring gains and losses is estimated to be between RMB 115,250 million and RMB 118,250 million, indicating a year-on-year increase of 68.62% to 73.01% [3] - The previous year's net profit for the same period was RMB 71,903.95 million, with a total profit of RMB 92,239.30 million [5] Group 2 - The growth in profit is attributed to the active trade within the Asian region and the synergy in the supply chain, with container shipping volume in Asia increasing by 5.5% year-on-year from January to August 2025 [6] - The company maintains a competitive advantage on traditional routes, particularly the Shanghai-Japan route and the Shanghai-Taiwan route, which continue to hold the largest market share [6] - The company is focusing on expanding its Southeast Asia routes and enhancing regional route connectivity while building core competitiveness through premium services [6]

2025年前三季度，依托亚洲区域内贸易活跃度以及供应链协同效应，亚洲区域集装箱货运量稳步增长， 根据集装箱贸易统计（CTS）数据显示，2025年1-8月亚洲区域内集装箱海运货运量同比增长5.5%。 2025年前三季度，公司传统优势航线保持差异化竞争优势，上海日本航线、上海两岸间航线继续稳居市 场占有率第一，筑强经营业绩基本盘；公司聚焦东南亚区域航线拓展，强化区域航线联动，继续以精品 服务构建核心竞争力。报告期内，公司继续保持稳健的经营能力，经营业绩较同期预增。 格隆汇10月14日丨锦江航运(601083.SH)公布，经财务部门初步测算，预计公司2025年前三季度实现归 属于母公司所有者的净利润约为人民币117,000万元至人民币120,000万元，与上年同期相比，将增加 45,096.05万元到48,096.05万元，同比增长62.72%至66.89%。预计2025年前三季度实现归属于母公司所 有者的扣除非经常性损益的净利润约为人民币115,250万元至人民币118,250万元，与上年同期相比，将 增加46,902.42万元到49,902.42万元，同比增长68.62%至73.01%。 ...