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Operator of Liaoning province's ports (Dalian, Yingkou) handling container, bulk and oil cargo in Northeast China.
Operator of Liaoning province's ports (Dalian, Yingkou) handling container, bulk and oil cargo in Northeast China.
Charges shipping lines and cargo owners fees per container or tonne handled, plus storage and loading fees, so income follows trade volumes through its northeast Chinese ports, notably grain, ore, coal and oil. The 2022 merger of Dalian Port and Yingkou Port put the region's two main ports under one operator.
Moat: narrow (regulatory licence, scale). Consolidated monopoly operator of Liaoning's main ports after the 2022 merger of Dalian and Yingkou ports.
Headquarters: Dalian, Liaoning, China · Employees: 10,561
Size Liaoning Port (601880.SS) is a China Industrials company (Other Transportation) with a market value of $4.54B, the 563rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.48 on 6 Nov 2026.
Performance Over six months the shares fell 9.8%, against -0.5% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 3.5% over the last twelve months (peer median +8.3%); the operating margin is 20.8% (peer median 15.4%).
Valuation It trades at 3.1× enterprise value to sales against a peer median of 3.7× (9th cheapest of 21).
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 -1%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.3 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.1B | CN¥11.3B | CN¥11.1B | CN¥12.2B | CN¥12.2B |
| Revenue growth | — | +3% | -9% | 0% | — |
| Gross profit | CN¥4.99B | CN¥3.19B | CN¥2.32B | CN¥3.34B | CN¥3.16B |
| EBITDA | n/a | CN¥4.90B | CN¥4.21B | CN¥4.54B | CN¥4.36B |
| Net income | CN¥1.38B | CN¥1.31B | CN¥1.14B | CN¥1.34B | CN¥1.32B |
| Free cash flow | CN¥5.04B | CN¥5.37B | CN¥3.86B | CN¥2.89B | CN¥320M |
| Capital expenditure | CN¥544M | CN¥490M | CN¥638M | CN¥668M | CN¥3.41B |
| Total debt | CN¥9.97B | CN¥10.2B | CN¥13.0B | CN¥10.9B | CN¥12.8B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Liaoning Port 601880.SS | $4.54B | -10% | -3% | 21% | 3.1× | -10.7% |
| Tianjin Port 600717.SS | $1.89B | -2% | -8% | 18% | 1.5× | -14.6% |
| Qinhuangdao Port 601326.SS | $2.70B | -5% | +2% | 23% | 2.9× | -10.9% |
| Tangshan Port 601000.SS | $4.27B | +3% | +10% | 39% | 3.7× | -11.0% |
| Qingdao Port International 601298.SS | $8.98B | +10% | +4% | 31% | 2.6× | -12.0% |
| Rizhao Port 600017.SS | $1.26B | -7% | +3% | 13% | 3.8× | n/a |
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 | 601880.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | +2.1% | 7th lowest of 21 |
| 6-month return | -9.8% | -0.5% | 5th lowest of 21 |
| Distance from 52-week high | -19.1% | -18.0% | 9th lowest of 21 |
| Revenue growth (TTM) | -3.5% | +8.3% | 4th lowest of 21 |
| Operating margin | 20.8% | 15.4% | 9th highest of 21 |
| EV / Sales | 3.1× | 3.7× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -10.7% | -2.3% | 3rd least demanding of 16 |
| Growth delivered (Del g) | -1.3% | +11.0% | 2nd lowest of 16 |
| Hurdle (Req g minus delivered) | -9.3 pp | -21.3 pp | 7th most demanding of 16 |
| ROIC minus cost of capital | +1.3 pp | +0.5 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Liaoning Port 601880.SS | China | $4.54B | -10% | -3% | 21% | 3.1× | -10.7% | -1.3% |
| Hainan Airport Infrastructure 600515.SS | China | $4.56B | -26% | +25% | -5% | 10.2× | n/a | n/a |
| Taiwan High Speed Rail 2633.TW | Taiwan | $4.36B | -3% | +4% | 39% | 7.1× | 0.8% | +6.9% |
| SATS S58.SI | Singapore | $4.34B | +15% | +9% | 9% | 1.4× | -0.2% | +45.6% |
| Anhui Expressway 600012.SS | China | $4.29B | +13% | -14% | 42% | 6.5× | -5.4% | +18.0% |
| Tangshan Port 601000.SS | China | $4.27B | +3% | +10% | 39% | 3.7× | -11.0% | -6.2% |
| Zhejiang Expressway 0576.HK | Hong Kong | $4.86B | -13% | +18% | 33% | 3.7× | n/a | n/a |
| Kintetsu 9041.T | Japan | $4.23B | +5% | +2% | 5% | 1.0× | n/a | n/a |
| Corporacion America Airports CAAP | United States | $4.00B | -3% | +16% | 23% | 2.0× | -6.3% | +26.4% |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMAB | United States | $5.21B | +2% | +21% | 53% | 6.0× | -5.1% | +27.2% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 3.9× | 4.8% | +7.4% |
| Wilh. Wilhelmsen WWI.OL | Norway | $3.87B | +23% | -4% | 10% | 2.8× | 6.2% | +11.0% |
| Atlas Arteria ALX.AX | Australia | $3.78B | -21% | +2% | -20% | 43.6× | -3.5% | +8.9% |
| Guangzhou Port 601228.SS | China | $3.54B | -3% | -18% | 11% | 3.4× | n/a | n/a |
| Japan Airport Terminal 9706.T | Japan | $3.46B | +16% | +8% | 17% | 2.3× | -2.3% | +40.7% |
| COSCO SHIPPING Ports 1199.HK | Hong Kong | $3.32B | +18% | +12% | 14% | 3.8× | 8.7% | +10.9% |
| ENAV ENAV.MI | Italy | $3.19B | +8% | +3% | 9% | 3.0× | 13.8% | +6.0% |
| Lyft LYFT | United States | $6.47B | +19% | +11% | -2% | 0.9× | -6.1% | +21.7% |
| Guangzhou Baiyun International Airport 600004.SS | China | $3.18B | -6% | +9% | 11% | 1.7× | -12.5% | +8.8% |
| Beibu Gulf Port 000582.SZ | China | $3.14B | -25% | -1% | 21% | 4.2× | n/a | n/a |
| Kobenhavns Lufthavne A/S KBHL.CO | Denmark | $6.60B | -6% | +9% | 34% | 9.3× | 6.7% | +28.5% |