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Operator of Qingdao port, a major container, bulk and oil-terminal hub on China's northern coast.
Operator of Qingdao port, a major container, bulk and oil-terminal hub on China's northern coast.
Earns handling and storage fees per container or ton moved, with iron ore, coal and crude oil flowing through its berths for steel mills and refiners in the north as well as export containers. The Shandong Port Group, formed in 2019 by combining the province's ports, controls it, so the ports in the province are now under common ownership.
Moat: narrow (scale, installed base, regulatory licence). Major deep-water port with a strategic northern-China trade-hub position.
Headquarters: Qingdao, Shandong, China · Founded: 2001 · Employees: 9,728
Size Qingdao Port International (601298.SS) is a China Industrials company (Other Transportation) with a market value of $8.98B, the 273rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.75 on 6 Nov 2026.
Performance Over six months the shares gained 10.2%, against +1.1% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 4.4% over the last twelve months (peer median +10.1%); the operating margin is 31.4% (peer median 20.7%).
Valuation It trades at 12.0× forward earnings against a peer median of 16.8× (4th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥20.0B | CN¥18.8B | CN¥18.9B | CN¥18.2B | CN¥19.4B |
| Revenue growth | — | -1% | +4% | -6% | — |
| Gross profit | CN¥9.15B | CN¥6.71B | CN¥6.58B | CN¥6.40B | CN¥6.05B |
| EBITDA | n/a | CN¥6.92B | CN¥6.79B | CN¥6.71B | CN¥6.16B |
| Net income | CN¥5.24B | CN¥5.27B | CN¥5.23B | CN¥4.92B | CN¥4.53B |
| Free cash flow | CN¥4.06B | CN¥3.55B | CN¥4.36B | CN¥4.32B | CN¥3.67B |
| Capital expenditure | CN¥4.31B | CN¥2.46B | CN¥2.09B | CN¥2.71B | CN¥2.96B |
| Total debt | CN¥5.00B | CN¥4.57B | CN¥3.73B | CN¥3.75B | CN¥4.38B |
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 |
|---|---|---|---|---|---|---|
| Qingdao Port International 601298.SS | $8.98B | +10% | +4% | 31% | 12.0× | -12.0% |
| Ningbo Zhoushan Port 601018.SS | $10.4B | -4% | +12% | 16% | n/a | -7.3% |
| China Merchants Port 001872.SZ | $9.20B | +14% | +8% | 32% | 12.9× | 2.1% |
| Rizhao Port 600017.SS | $1.26B | -7% | +3% | 13% | 17.1× | n/a |
| Tianjin Port 600717.SS | $1.89B | -2% | -8% | 18% | n/a | -14.6% |
| Liaoning Port 601880.SS | $4.54B | -10% | -3% | 21% | n/a | -10.7% |
| Shanghai International Port (Group) 600018.SS | $19.7B | +14% | +9% | 23% | 8.6× | -3.6% |
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 | 601298.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | +8.3% | lowest of 21 |
| 6-month return | +10.2% | +1.1% | 3rd highest of 21 |
| Distance from 52-week high | -5.3% | -18.8% | 3rd highest of 21 |
| Revenue growth (TTM) | +4.4% | +10.1% | 6th lowest of 21 |
| Operating margin | 31.4% | 20.7% | 8th highest of 21 |
| Forward P/E | 12.0× | 16.8× | 4th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -12.0% | 4.7% | least demanding of 16 |
| Growth delivered (Del g) | +7.2% | +21.5% | 2nd lowest of 16 |
| Hurdle (Req g minus delivered) | -19.2 pp | -15.2 pp | 7th least demanding of 16 |
| ROIC minus cost of capital | +7.5 pp | -0.1 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao Port International 601298.SS | China | $8.98B | +10% | +4% | 31% | 12.0× | -12.0% | +7.2% |
| China Merchants Port 0144.HK | Hong Kong | $8.93B | +5% | +14% | 38% | 9.3× | 4.1% | +8.3% |
| StandardAero SARO | United States | $9.14B | +10% | +13% | 10% | 16.4× | 10.9% | +13.5% |
| Shanghai International Airport 600009.SS | China | $9.22B | -9% | +7% | 19% | 23.7× | -2.6% | +25.4% |
| Jiangsu Expressway 0177.HK | Hong Kong | $9.54B | +6% | +8% | 26% | 10.1× | n/a | n/a |
| Shandong Hi-speed 600350.SS | China | $8.06B | +4% | -4% | 20% | 18.0× | 4.7% | +13.0% |
| Grupo Aeroportuario del Sureste SAB de CV Sponsored ADR ASR | United States | $7.95B | -15% | +26% | 41% | 12.2× | -2.3% | +27.0% |
| Flughafen Zurich FHZN.SW | Switzerland | $7.94B | -3% | +4% | 35% | 20.3× | 0.3% | +16.9% |
| China Merchants Expressway Network & Technology 001965.SZ | China | $10.6B | +10% | +26% | 15% | 14.6× | 6.7% | +13.7% |
| GMR Airports GMRAIRPORT.NS | India | $11.1B | -2% | +29% | 27% | 296.2× | n/a | n/a |
| Fraport FRA.DE | Germany | $7.09B | +1% | +3% | 19% | 21.2× | 6.3% | +21.5% |
| Hankyu Hanshin 9042.T | Japan | $7.03B | +3% | +6% | 10% | 13.2× | n/a | n/a |
| Kobenhavns Lufthavne A/S KBHL.CO | Denmark | $6.60B | -6% | +9% | 34% | n/a | 6.7% | +28.5% |
| Lyft LYFT | United States | $6.47B | +19% | +11% | -2% | 21.9× | -6.1% | +21.7% |
| Aeroports de Paris ADP.PA | France | $13.0B | +9% | +5% | 18% | 18.1× | 11.5% | +25.7% |
| Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR PAC | United States | $14.5B | +1% | +20% | 44% | 17.1× | 8.2% | +31.3% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% | +7.4% |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | United States | $5.21B | +2% | +21% | 53% | 13.2× | -5.1% | +27.2% |
| Zhejiang Expressway 0576.HK | Hong Kong | $4.86B | -13% | +18% | 33% | 5.9× | n/a | n/a |
| Hainan Airport Infrastructure 600515.SS | China | $4.56B | -26% | +25% | -5% | 133.0× | n/a | n/a |
| Liaoning Port 601880.SS | China | $4.54B | -10% | -3% | 21% | n/a | -10.7% | -1.3% |