XMPD(000905)2025-04-10 09:14Group 1: Company Restructuring and Projects - The restructuring with the container group is ongoing, with related audits and evaluations not yet completed [2][5][14] - Key ongoing construction projects include the addition of bulk cargo functionality at Gulei Port and the purchase of four new energy tugboats [3][12] - The company aims to enhance its core competitiveness through these infrastructure projects [3][12] Group 2: Financial Performance and Challenges - The net profit for 2024 is expected to decline due to new projects still in the cultivation phase and fluctuations in gross margins caused by economic conditions [3][11] - The company plans to disclose its Q1 2025 report on April 30, 2025, with the 2024 annual report available for review [7][11] Group 3: Impact of Tariff Policies - The company is monitoring the impact of recent tariff policies on port operations and logistics supply chains [6][10] - The revenue from operations related to the U.S. is relatively small, indicating limited immediate impact from tariff changes [8][10] Group 4: Future Growth Drivers - Future growth will be driven by innovation in core cargo types, strategic investments, and integrated development of logistics services [11][12] - The company is focusing on expanding its logistics supply chain capabilities and enhancing operational efficiency [12][13] Group 5: Industry Outlook - The port throughput is expected to grow steadily, with a projected increase of about 2% by 2025, although growth rates may slow [13][14] - The emphasis on green and smart port development remains a priority, alongside the importance of supply chain resilience [13][14]