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State-owned freight forwarding and logistics company handling shipping, warehousing and supply-chain services.
State-owned freight forwarding and logistics company handling shipping, warehousing and supply-chain services.
Handles ocean and air shipments for traders and manufacturers, buying cargo space and reselling it with customs and paperwork services, then adds income from warehouses and shipping-agency fees. It now belongs to China Merchants Group, a state-owned conglomerate that also owns ports and shipping lines.
In one line: A Chinese DHL Global Forwarding/Expeditors peer, state-owned.
Moat: narrow (scale, distribution, regulatory licence). State-owned parent China Merchants Group and a broad domestic agency network support scale advantages.
Headquarters: Beijing, China · Founded: 1950 · Employees: 31,953
Size Sinotrans (0598.HK) is a Hong Kong Industrials company (Air Freight/Couriers) with a market value of $6.57B, the 224th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.82 on 6 Nov 2026.
Performance Over six months the shares fell 8.2%, against -4.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +8.3%); the operating margin is 0.1% (peer median 3.2%).
Valuation It trades at 8.6× forward earnings against a peer median of 13.2× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.1 points below its cost of capital (7.6% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$107B | HK$105B | HK$114B | HK$112B | HK$127B |
| Revenue growth | — | -8% | +2% | -12% | — |
| Gross profit | HK$8.27B | HK$5.48B | HK$5.50B | HK$5.88B | HK$6.55B |
| EBITDA | n/a | HK$3.16B | HK$3.74B | HK$4.03B | HK$4.39B |
| Net income | HK$4.55B | HK$4.36B | HK$4.25B | HK$4.66B | HK$4.74B |
| Free cash flow | HK$4.03B | HK$4.09B | HK$4.37B | HK$4.48B | HK$6.57B |
| Capital expenditure | HK$1.79B | HK$1.79B | HK$1.69B | HK$1.78B | HK$1.81B |
| Total debt | HK$12.6B | HK$13.0B | HK$12.6B | HK$14.1B | HK$17.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sinotrans 0598.HK | $6.57B | -8% | +4% | 0% | 8.6× | 9.4% |
| China Merchants Shekou Industrial Zone 001979.SZ | $10.4B | -10% | -22% | 1% | 69.7× | n/a |
| Kuehne & Nagel International KNIN.SW | $34.3B | +35% | +1% | 5% | 25.4× | 3.2% |
| Dsv A/s DSV.CO | $51.5B | -3% | +37% | 8% | 23.5× | 3.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0598.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.0% | +4.9% | 5th highest of 21 |
| 6-month return | -8.2% | -4.2% | 9th lowest of 21 |
| Distance from 52-week high | -12.5% | -18.1% | 9th highest of 21 |
| Revenue growth (TTM) | +4.0% | +8.3% | 9th lowest of 21 |
| Operating margin | 0.1% | 3.2% | 4th lowest of 20 |
| Forward P/E | 8.6× | 13.2× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 9.4% | -2.2% | 4th most demanding of 17 |
| Growth delivered (Del g) | +2.0% | +8.9% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | +7.3 pp | -9.3 pp | 3rd most demanding of 17 |
| ROIC minus cost of capital | -4.1 pp | -0.3 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinotrans 0598.HK | Hong Kong | $6.57B | -8% | +4% | 0% | 8.6× | 9.4% | +2.0% |
| GXO Logistics GXO | United States | $6.33B | +7% | +7% | 3% | 16.0× | 20.2% | +16.3% |
| Yunnan Yuntianhua 600096.SS | China | $7.17B | -28% | -19% | 11% | 9.3× | -1.7% | -1.5% |
| Swiggy SWIGGY.NS | India | $5.61B | -32% | +42% | -15% | n/a | n/a | n/a |
| SG Holdings Co., Ltd. 9143.T | Japan | $5.56B | +1% | +14% | 5% | 14.0× | -2.6% | +4.6% |
| Logista Integral LOG.MC | Spain | $5.42B | +15% | +4% | 2% | 15.8× | -5.9% | +5.4% |
| Nippon Express Hldgs 9147.T | Japan | $8.22B | +35% | +2% | 3% | 17.6× | 7.9% | +4.4% |
| Yamato 9064.T | Japan | $4.83B | +26% | +2% | 2% | 34.5× | 8.9% | +1.9% |
| Jd Logistics 2618.HK | Hong Kong | $9.10B | -29% | +29% | 3% | 6.9× | -0.4% | +23.4% |
| Compagnie de l'Odet ODET.PA | France | $4.74B | -30% | -83% | -8% | n/a | 24.3% | -29.4% |
| Eastern Air Logistics 601156.SS | China | $4.70B | +23% | +20% | 14% | 10.9× | -16.0% | +9.9% |
| YTO Express 600233.SS | China | $9.63B | -13% | +8% | 9% | 10.3× | -12.2% | +16.6% |
| Ryder System R | United States | $10.2B | +11% | +3% | 8% | 15.2× | 7.9% | +8.5% |
| Shanghai Zhonggu Logistics 603565.SS | China | $3.97B | +16% | +4% | 27% | 10.4× | -14.4% | +0.4% |
| Hyundaiglovis 086280.KS | South Korea | $10.9B | -13% | +12% | 6% | 8.7× | -10.8% | +12.3% |
| Antong 600179.SS | China | $3.81B | -7% | +9% | 16% | n/a | -4.0% | +13.5% |
| Xiamen C&D 600153.SS | China | $3.77B | -8% | -6% | 1% | 12.4× | 21.2% | +9.3% |
| J&T Global Express 1519.HK | Hong Kong | $11.9B | -2% | +32% | 6% | 18.6× | -3.8% | +51.4% |
| Delhivery DELHIVERY.NS | India | $3.40B | -11% | +24% | 0% | 81.8× | n/a | n/a |
| Huaihe Energy 600575.SS | China | $3.38B | -12% | +38% | n/a | 12.2× | n/a | n/a |
| Delivery Hero DHER.DE | Germany | $12.9B | +31% | +11% | 0% | n/a | n/a | n/a |