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Fujian-based dry-bulk shipping company operating coastal and international cargo vessels, not a trucking firm.
Fujian-based dry-bulk shipping company operating coastal and international cargo vessels, not a trucking firm.
Earns freight on shipments of bulk cargo such as coal, ore and grain, either per voyage at spot rates or under longer contracts, with fuel and charter rates driving margin. Profits rise and fall with the shipping cycle.
In one line: A Chinese dry-bulk shipper, akin to a small Genco Shipping.
Moat: none (scale). Commodity dry-bulk shipping; earnings track freight-rate cycles, not a durable moat.
Headquarters: Fujian, China · Employees: 368
Size Fujian Highton Development (603162.SS) is a China Industrials company (Trucking) with a market value of $3.60B, the 714th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.38 on 6 Nov 2026.
Performance Over six months the shares gained 3.3%, against -9.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 16 in its peer set.
Growth Revenue grew 72.3% over the last twelve months (peer median +7.1%); the operating margin is 16.6% (peer median 5.0%).
Valuation It trades at 11.4× forward earnings against a peer median of 18.2× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +46%, so the hurdle is -42 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.2 points above its cost of capital (6.7% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.03B | CN¥4.44B | CN¥3.66B | CN¥1.70B | CN¥2.05B |
| Revenue growth | — | +21% | +115% | -17% | — |
| Gross profit | CN¥1.95B | CN¥716M | CN¥659M | CN¥245M | CN¥810M |
| EBITDA | n/a | CN¥1.26B | CN¥1.06B | CN¥322M | CN¥744M |
| Net income | CN¥1.03B | CN¥465M | CN¥549M | CN¥185M | CN¥671M |
| Free cash flow | CN¥721M | CN¥130M | -CN¥951M | -CN¥782M | CN¥792M |
| Capital expenditure | CN¥1.26B | CN¥1.18B | CN¥1.98B | CN¥986M | CN¥7.89M |
| Total debt | CN¥2.53B | CN¥1.77B | CN¥1.41B | CN¥697M | CN¥428M |
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 |
|---|---|---|---|---|---|---|
| Fujian Highton Development 603162.SS | $3.60B | +3% | +72% | 17% | 11.4× | 3.8% |
| COSCO SHIPPING 601919.SS | $39.0B | +24% | +6% | 16% | 6.9× | -17.9% |
| Star Bulk Carriers SBLK | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% |
| Genco Shipping & Trading GNK | $1.13B | 0% | +26% | 17% | 10.2× | 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 | 603162.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.1% | -2.7% | lowest of 16 |
| 6-month return | +3.3% | -9.6% | 7th highest of 16 |
| Distance from 52-week high | -38.8% | -29.2% | 3rd lowest of 16 |
| Revenue growth (TTM) | +72.3% | +7.1% | highest of 16 |
| Operating margin | 16.6% | 5.0% | highest of 16 |
| Forward P/E | 11.4× | 18.2× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 3.8% | 11.6% | 5th least demanding of 14 |
| Growth delivered (Del g) | +45.6% | +8.1% | highest of 14 |
| Hurdle (Req g minus delivered) | -41.8 pp | -3.2 pp | least demanding of 14 |
| ROIC minus cost of capital | +13.2 pp | -1.2 pp | 3rd highest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fujian Highton Development 603162.SS | China | $3.60B | +3% | +72% | 17% | 11.4× | 3.8% | +45.6% |
| NIKKON 9072.T | Japan | $3.25B | -19% | +7% | 9% | 26.9× | 12.0% | +8.1% |
| ArcBest ARCB | United States | $2.86B | +6% | +8% | 3% | 13.6× | 16.5% | +6.4% |
| Landstar System LSTR | United States | $4.83B | -22% | +11% | 4% | 19.8× | 12.0% | +2.8% |
| Schneider National SNDR | United States | $4.88B | -10% | +6% | 3% | 18.7× | 19.5% | +4.5% |
| Seino 9076.T | Japan | $2.48B | +9% | +7% | 5% | 14.5× | -3.2% | +6.5% |
| Mullen MTL.TO | Canada | $1.98B | +36% | +12% | 9% | 18.2× | 6.5% | +12.9% |
| STEF STF.PA | France | $1.79B | +12% | +8% | 4% | 11.0× | 7.1% | +10.2% |
| TFI International TFII.TO | Canada | $7.86B | -29% | +3% | 7% | 14.2× | 11.6% | +16.8% |
| Werner Enterprises WERN | United States | $1.62B | -26% | +15% | 2% | 18.8× | n/a | n/a |
| Saia SAIA | United States | $8.86B | -26% | +9% | 11% | 24.0× | 27.4% | +12.2% |
| Knight-Swift Transportation KNX | United States | $9.51B | -9% | +7% | 4% | 15.6× | 21.3% | +9.8% |
| NTG Nordic Transport Group A/S NTG.CO | Denmark | $1.09B | +71% | +16% | 5% | 20.6× | -0.4% | +16.4% |
| Marten Transport MRTN | United States | $959M | -25% | -5% | 1% | 27.1× | n/a | n/a |
| Logwin TGHN.DE | Germany | $942M | +5% | -6% | 5% | 15.2× | -16.0% | +3.9% |
| Maruzen Showa Unyu 9068.T | Japan | $922M | -15% | +3% | 10% | 10.5× | -7.4% | +4.2% |