Loading…
Operator of Qinhuangdao Port, China's largest coal-export port, plus other bulk cargo terminals.
Operator of Qinhuangdao Port, China's largest coal-export port, plus other bulk cargo terminals.
Is paid per tonne for unloading, storing and loading coal, so income follows volumes shipped through the port rather than coal prices. Coal arrives by rail from northern mines and leaves by sea for coastal power plants. The Hebei provincial port group controls it.
Moat: narrow (scale). China's largest coal-shipment hub, a key node moving coal from Shanxi/Inner Mongolia mines to coastal power plants.
Headquarters: Qinhuangdao, Hebei, China · Employees: 8,348
Size Qinhuangdao Port (601326.SS) is a China Industrials company (Other Transportation) with a market value of $2.70B, the 958th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.40 on 6 Nov 2026.
Performance Over six months the shares fell 4.8%, against -7.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 1.5% over the last twelve months (peer median +4.6%); the operating margin is 23.1% (peer median 11.5%).
Valuation It trades at 10.3× forward earnings against a peer median of 15.2× (5th 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 +3%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.2 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¥7.08B | CN¥6.97B | CN¥6.85B | CN¥7.04B | CN¥6.90B |
| Revenue growth | — | +2% | -3% | +2% | — |
| Gross profit | CN¥3.82B | CN¥2.84B | CN¥2.55B | CN¥2.58B | CN¥2.59B |
| EBITDA | n/a | CN¥2.92B | CN¥2.74B | CN¥2.95B | CN¥2.78B |
| Net income | CN¥1.61B | CN¥1.61B | CN¥1.56B | CN¥1.53B | CN¥1.31B |
| Free cash flow | CN¥1.86B | CN¥1.90B | CN¥1.58B | CN¥1.41B | CN¥1.93B |
| Capital expenditure | CN¥748M | CN¥895M | CN¥1.05B | CN¥1.06B | CN¥710M |
| Total debt | CN¥3.58B | CN¥3.87B | CN¥5.20B | CN¥6.16B | CN¥6.94B |
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 |
|---|---|---|---|---|---|---|
| Qinhuangdao Port 601326.SS | $2.70B | -5% | +2% | 23% | 10.3× | -10.9% |
| Tangshan Port 601000.SS | $4.27B | +3% | +10% | 39% | 13.9× | -11.0% |
| Tianjin Port 600717.SS | $1.89B | -2% | -8% | 18% | n/a | -14.6% |
| Rizhao Port 600017.SS | $1.26B | -7% | +3% | 13% | 17.1× | n/a |
| Qingdao Port International 601298.SS | $8.98B | +10% | +4% | 31% | 12.0× | -12.0% |
| 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 | 601326.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.5% | +0.2% | 4th lowest of 21 |
| 6-month return | -4.8% | -7.5% | 9th highest of 21 |
| Distance from 52-week high | -18.3% | -17.3% | 10th lowest of 21 |
| Revenue growth (TTM) | +1.5% | +4.6% | 8th lowest of 21 |
| Operating margin | 23.1% | 11.5% | 4th highest of 21 |
| Forward P/E | 10.3× | 15.2× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -10.9% | -1.7% | 2nd least demanding of 15 |
| Growth delivered (Del g) | +2.7% | +7.9% | 5th lowest of 15 |
| Hurdle (Req g minus delivered) | -13.6 pp | -6.1 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | +3.2 pp | +0.0 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qinhuangdao Port 601326.SS | China | $2.70B | -5% | +2% | 23% | 10.3× | -10.9% | +2.7% |
| Kamigumi 9364.T | Japan | $2.71B | -12% | +5% | 12% | 15.5× | -3.2% | +1.9% |
| Sankyu 9065.T | Japan | $2.76B | -9% | 0% | 7% | 12.2× | -1.1% | +3.4% |
| Xiamen Xiangyu 600057.SS | China | $2.59B | -14% | +9% | 1% | 8.7× | n/a | n/a |
| Sichuan Expressway 0107.HK | Hong Kong | $2.84B | -11% | +8% | 26% | 8.0× | n/a | n/a |
| Xiamen Port Development 000905.SZ | China | $2.87B | -25% | +14% | 4% | n/a | 4.2% | +7.1% |
| SIA Engineering S59.SI | Singapore | $2.51B | -10% | -3% | 3% | 17.7× | 19.3% | +26.3% |
| Shenzhen Expressway 0548.HK | Hong Kong | $2.91B | -12% | 0% | 17% | 9.3× | 0.0% | +2.2% |
| Nagoya Railroad 9048.T | Japan | $2.38B | +8% | -2% | 5% | 11.0× | n/a | n/a |
| Beibu Gulf Port 000582.SZ | China | $3.14B | -25% | -1% | 21% | 18.6× | n/a | n/a |
| Guangzhou Baiyun International Airport 600004.SS | China | $3.18B | -6% | +9% | 11% | 25.2× | -12.5% | +8.8% |
| ENAV ENAV.MI | Italy | $3.19B | +8% | +3% | 9% | 26.9× | 13.8% | +6.0% |
| Comfortdelgro C52.SI | Singapore | $2.19B | -10% | +9% | 9% | 15.0× | -8.2% | +9.3% |
| COSCO SHIPPING Ports 1199.HK | Hong Kong | $3.32B | +18% | +12% | 14% | 8.5× | 8.7% | +10.9% |
| Japan Airport Terminal 9706.T | Japan | $3.46B | +16% | +8% | 17% | 19.2× | -2.3% | +40.7% |
| Shenzhen Airport 000089.SZ | China | $2.08B | -5% | +5% | 17% | 14.2× | -6.4% | +11.4% |
| Guangzhou Port 601228.SS | China | $3.54B | -3% | -18% | 11% | n/a | n/a | n/a |
| NANKAI 9044.T | Japan | $2.03B | 0% | +7% | 15% | 13.1× | n/a | n/a |
| Hutchison Port Holdings Trust NS8U.SI | Singapore | $1.96B | +7% | +5% | 42% | 15.3× | -10.5% | +1.7% |
| Atlas Arteria ALX.AX | Australia | $3.78B | -21% | +2% | -20% | 20.6× | -3.5% | +8.9% |
| Westshore Terminals Investment WTE.TO | Canada | $1.90B | +16% | -16% | 33% | 26.3× | 11.9% | -2.6% |