Beibu Gulf Port (SZ:000582)2025-11-28 12:10Group 1: Business Performance - The company achieved a cargo throughput of 29,973.95 thousand tons from January to October 2025, representing a year-on-year growth of 11.27% [2] - Container throughput reached 819.52 thousand TEUs, with a growth of 10.45% compared to the previous year [2] - Iron ore throughput increased by 19.9%, while bauxite saw a significant rise of 132.1% year-on-year [2] Group 2: Revenue and Pricing - The company's revenue per ton is primarily influenced by handling fees, which are currently at a medium level among coastal ports in China [2] - Stable handling fee prices are expected to enhance the business environment and competitiveness of Beibu Gulf Port, leading to sustained growth in throughput and revenue [2] Group 3: Operational Expansion - As of now, Beibu Gulf Port has opened a total of 98 container shipping routes, including 39 foreign trade routes and 59 domestic trade routes [2] - The foreign trade routes cover regions such as Southeast Asia, Japan, South Korea, North America, South America, South Africa, and Pacific island nations [2] Group 4: Capital Expenditure and Future Plans - The company plans to focus its capital expenditures on the construction and renovation of terminals, aligning with the growth trends in cargo sources [2] - The ongoing construction of the Pinglu Canal in Guangxi is expected to be completed by the end of 2026, facilitating efficient connections for the company [2] Group 5: Asset Management - Currently, Beibu Gulf Port Group has 7 coastal cargo handling berths that have not yet been injected into the listed company [2] - The group is committed to avoiding competition within the industry and plans to inject these assets into the listed company when conditions are favorable [2]