Core Viewpoint - Nezha Technology has enhanced its comprehensive smart logistics service capabilities following the introduction of key shareholders during its shareholding reform, marking a significant milestone in its development [1][3]. Group 1: Company Development - Nezha Technology completed its shareholding reform on December 9, 2024, transitioning from Nezha Port and Shipping Smart Technology (Shanghai) Co., Ltd. to Nezha Smart Technology (Shanghai) Co., Ltd. [3] - The new shareholding structure includes key shareholders China Merchants Port (15%) and Shanghai Zhenhua Heavy Industries (4.18%), while the shareholding of the Shanghai Port Group decreased from 60% to approximately 48.49% [3][5]. - Nezha Technology aims to expand beyond port and shipping, as indicated by the removal of "port and shipping" from its name, signaling its entry into logistics and transportation markets [3][5]. Group 2: Market Performance - In 2024, Nezha Technology processed over 90 million TEUs, capturing 27% of the national market share, and has maintained a compound annual growth rate (CAGR) of nearly 40% in revenue and 25% in profit over the past three years [3][5]. - The company has expanded its product coverage to over 60 cities in China and has begun international operations, including projects in Peru and other countries [5][10]. Group 3: Technological Advancements - Nezha Technology has achieved a full domestic replacement of its smart port operation system, completing the first systematic old terminal renovation project in China, which includes a comprehensive "end-to-end" terminal management system [5][6]. - The company has developed a modular product strategy to address international market challenges, allowing for flexible combinations of its solutions to meet diverse client needs [12][13]. Group 4: Future Strategy - Nezha Technology plans to focus on expanding its international presence, particularly in the "Belt and Road" initiative, with the goal of establishing its first overseas company by 2025 [12][13]. - The company is also targeting the aviation, railway, and road logistics sectors for future growth, leveraging data intelligence to drive high-quality development in the transportation market [11][12].