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Operator of Tangshan's ports (incl. Caofeidian) in Hebei, handling bulk cargo such as coal, iron ore and steel products.
Operator of Tangshan's ports (incl. Caofeidian) in Hebei, handling bulk cargo such as coal, iron ore and steel products.
Earns handling fees per tonne for loading, unloading and storing bulk cargo, so volumes of coal, iron ore and steel products move revenue. Hebei Port Group, the provincial state-owned operator, controls it, which ties the company to the steel and coal flows of its hinterland.
Moat: narrow (regulatory licence, scale). Regional monopoly bulk-port operator serving Hebei's steel and coal industries.
Headquarters: Tangshan, Hebei, China · Employees: 3,242
Size Tangshan Port (601000.SS) is a China Industrials company (Other Transportation) with a market value of $4.27B, the 602nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.80 on 6 Nov 2026.
Performance Over six months the shares gained 3.2%, against -2.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 9.9% over the last twelve months (peer median +3.8%); the operating margin is 39.2% (peer median 16.7%).
Valuation It trades at 13.9× forward earnings against a peer median of 15.5× (8th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.08B | CN¥5.67B | CN¥5.71B | CN¥5.83B | CN¥5.49B |
| Revenue growth | — | -1% | -2% | +6% | — |
| Gross profit | CN¥3.59B | CN¥2.62B | CN¥2.55B | CN¥2.56B | CN¥1.97B |
| EBITDA | n/a | CN¥2.86B | CN¥2.71B | CN¥2.75B | CN¥2.40B |
| Net income | CN¥2.11B | CN¥2.00B | CN¥1.98B | CN¥1.92B | CN¥1.69B |
| Free cash flow | CN¥1.67B | CN¥1.50B | CN¥1.99B | CN¥2.25B | CN¥2.14B |
| Capital expenditure | CN¥870M | CN¥703M | CN¥630M | CN¥337M | CN¥571M |
| Total debt | CN¥503M | CN¥81.9M | CN¥409,600 | CN¥1.60M | CN¥2.71M |
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 |
|---|---|---|---|---|---|---|
| Tangshan Port 601000.SS | $4.27B | +3% | +10% | 39% | 13.9× | -11.0% |
| Qinhuangdao Port 601326.SS | $2.70B | -5% | +2% | 23% | 10.3× | -10.9% |
| Tianjin Port 600717.SS | $1.89B | -2% | -8% | 18% | n/a | -14.6% |
| Qingdao Port International 601298.SS | $8.98B | +10% | +4% | 31% | 12.0× | -12.0% |
| Rizhao Port 600017.SS | $1.26B | -7% | +3% | 13% | 17.1× | n/a |
| Liaoning Port 601880.SS | $4.54B | -10% | -3% | 21% | n/a | -10.7% |
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 | 601000.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.4% | +3.1% | 10th lowest of 21 |
| 6-month return | +3.2% | -2.9% | 9th highest of 21 |
| Distance from 52-week high | -4.6% | -17.2% | 4th highest of 21 |
| Revenue growth (TTM) | +9.9% | +3.8% | 6th highest of 21 |
| Operating margin | 39.2% | 16.7% | 3rd highest of 21 |
| Forward P/E | 13.9× | 15.5× | 8th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -11.0% | -1.2% | 2nd least demanding of 15 |
| Growth delivered (Del g) | -6.2% | +9.9% | lowest of 15 |
| Hurdle (Req g minus delivered) | -4.7 pp | -9.7 pp | 5th most demanding of 15 |
| ROIC minus cost of capital | +7.6 pp | +0.0 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tangshan Port 601000.SS | China | $4.27B | +3% | +10% | 39% | 13.9× | -11.0% | -6.2% |
| Anhui Expressway 600012.SS | China | $4.29B | +13% | -14% | 42% | 14.5× | -5.4% | +18.0% |
| Kintetsu 9041.T | Japan | $4.23B | +5% | +2% | 5% | 13.5× | n/a | n/a |
| SATS S58.SI | Singapore | $4.34B | +15% | +9% | 9% | 17.6× | -0.2% | +45.6% |
| Taiwan High Speed Rail 2633.TW | Taiwan | $4.36B | -3% | +4% | 39% | 19.2× | 0.8% | +6.9% |
| Liaoning Port 2880.HK | Hong Kong | $4.53B | -26% | +1% | 21% | n/a | -9.0% | -2.0% |
| Corporacion America Airports CAAP | United States | $4.00B | -3% | +16% | 23% | 9.6× | -6.3% | +26.4% |
| Hainan Airport Infrastructure 600515.SS | China | $4.56B | -26% | +25% | -5% | 133.0× | n/a | n/a |
| Wilh. Wilhelmsen WWI.OL | Norway | $3.87B | +23% | -4% | 10% | 8.4× | 6.2% | +11.0% |
| Atlas Arteria ALX.AX | Australia | $3.78B | -21% | +2% | -20% | 20.6× | -3.5% | +8.9% |
| Zhejiang Expressway 0576.HK | Hong Kong | $4.86B | -13% | +18% | 33% | 5.9× | n/a | n/a |
| Guangzhou Port 601228.SS | China | $3.54B | -3% | -18% | 11% | n/a | n/a | n/a |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | United States | $5.21B | +2% | +21% | 53% | 13.2× | -5.1% | +27.2% |
| Japan Airport Terminal 9706.T | Japan | $3.46B | +16% | +8% | 17% | 19.2× | -2.3% | +40.7% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% | +7.4% |
| COSCO SHIPPING Ports 1199.HK | Hong Kong | $3.32B | +18% | +12% | 14% | 8.5× | 8.7% | +10.9% |
| ENAV ENAV.MI | Italy | $3.19B | +8% | +3% | 9% | 26.9× | 13.8% | +6.0% |
| Guangzhou Baiyun International Airport 600004.SS | China | $3.18B | -6% | +9% | 11% | 25.2× | -12.5% | +8.8% |
| Beibu Gulf Port 000582.SZ | China | $3.14B | -25% | -1% | 21% | 18.6× | n/a | n/a |
| Shenzhen Expressway 600548.SS | China | $2.99B | -4% | -5% | 17% | 14.4× | 0.6% | +2.9% |
| Sichuan Expressway 601107.SS | China | $2.89B | +16% | +7% | 27% | 13.2× | n/a | n/a |