CMPort(001872)2025-04-03 11:08Financial Performance - The company achieved operating revenue of CNY 16.131 billion, a year-on-year increase of 2.4% [2] - The net profit attributable to shareholders reached CNY 4.516 billion, marking a 26.4% year-on-year growth, setting a historical high [2] - A cash dividend of CNY 7.4 per 10 shares (including tax) is proposed, reflecting a 27.6% increase compared to the previous year [2] Business Operations - Container throughput reached 19.5159 million TEUs, an increase of 8.3% year-on-year [2] - Bulk cargo throughput was 1.26 billion tons, with a slight growth of 0.6% [2] - The Shenzhen West Port area achieved a record container throughput of 15.991 million TEUs, up 17.7% year-on-year, surpassing 50% market share in Shenzhen's foreign trade [4] Strategic Advantages - The Shenzhen West Port's geographical advantage positions it as the closest port to international natural waterways in South China's economic center [4] - The port has a total of 189 shipping routes, with 152 routes in Asia, benefiting from regional trade agreements like RCEP [5] - The company operates a combination port model, enhancing service efficiency for inland customers [5] Future Outlook - In 2025, domestic port rates are expected to increase by approximately 3%, while overseas rates will remain at 3-4% [7] - The overseas port projects achieved a container throughput of 36.835 million TEUs, a growth of 8.1% year-on-year, with significant contributions from emerging markets [8] - The company plans to focus on investments in the Middle East, Latin America, and Southeast Asia [8] Shareholder Returns - The total cash dividend distribution for 2024 is estimated at CNY 1.843 billion, representing 40.8% of the net profit [10] - The company has a three-year shareholder return plan, committing to distribute at least 40% of the annual distributable profit in cash [10]