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Why Xiamen Port Development's (SZSE:000905) Shaky Earnings Are Just The Beginning Of Its Problems
Port of Xiamen: Semi-Annual Report 2024
Xiamen Port Service: Summary of the 2024 Semi-Annual Report
Xiamen Port Development (000905.SZ): net income in the first half of the year was 0.129 billion yuan, a year-on-year decrease of 10.82%.
Xiamen Port Development (000905.SZ) announced its 2024 interim report on August 28th, with a total operating income of 12.362 billion yuan, a year-on-year increase of 3.75%; net income attributable to shareholders of the listed company was 0.129 billion yuan, a year-on-year decrease of 10.82%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 51.6933 million yuan, a year-on-year decrease of 35.63%; basic earnings per share were 0.1738 yuan.
Xiamen Port Development (000905.SZ) released its half-year performance with a net income of 0.129 billion yuan, a decrease of 10.82%.
Xiamen Port Development (000905.SZ) released its 2024 interim report, during the reporting period, the company achieved revenue...
Xiamen Port Development (000905.SZ) focuses on three main business sectors: logistics for bulk cargo handling, comprehensive logistics in port areas, and supply chain management for trade.
Xiamen Port Development (000905.SZ) indicated on the investor interactive platform on June 19th that the company's main businesses are three sectors: bulk cargo terminal loading and unloading, integrated logistics and trade supply chain. The company's subsidiaries Xiamen Port Development Transportation Co., Ltd. and Xiamen Warehousing Co., Ltd. have some business dealings with Xiamen Container Terminal Group, a controlling shareholder of the company, mainly providing integrated services such as flat transportation and ship cargo handling for the port area.
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