HPF(SZ:300350)2025-09-05 09:08Group 1: Financial Performance - The company's operating revenue has seen a significant decline since 2020 due to the sale of part of its stake in Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd., which is no longer included in the consolidated financial statements. After excluding the impact of Hongtu Chuangzhan, the operating revenue for 2024 is expected to show growth compared to the previous year, with a 17.69% increase in the first half of 2025 [2][4]. Group 2: Business Model - The company's logistics business model involves providing logistics solutions and quotations based on client tender information, including basic transportation costs and additional service fees such as customs clearance, insurance, and warehousing. After winning the bid, a logistics cooperation framework agreement is signed with the client [3]. Group 3: Strategic Focus - The company's future strategic focus will increasingly emphasize the development of international business while consolidating and optimizing its existing domestic logistics operations [4]. Group 4: International Logistics - The company is currently building core operational capabilities for logistics routes in Central Asia, Central Europe, Russia, and Southeast Asia, aiming to establish competitive advantages and accumulate experience [5]. Group 5: TIR Certification - As of July 2025, there are 236 certified TIR enterprises in China. To conduct TIR transportation, companies must have verifiable relevant experience or the capability to engage in international transport, such as holding an international road transport driving license or other relevant authorizations [6]. Group 6: Cargo Safety - The company ensures the safety of goods in international road transport by purchasing adequate insurance based on cargo type, value, transport route, and vehicle information, along with implementing various measures such as driver safety training [7]. Group 7: Global Presence - The company has established wholly-owned subsidiaries in Hong Kong and Kazakhstan, as well as liaison offices in Almaty, Aktau, and Belarus to support business operations in these regions [8].