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Major Chinese domestic coastal container-shipping operator.
Major Chinese domestic coastal container-shipping operator.
Charges freight per container on routes between Chinese ports, mainly carrying domestic goods up and down the coast, and rents out spare ship capacity under charters. Chinese rules reserve coastal trade for Chinese-flag ships, which keeps foreign lines out. Profit depends on how full its ships are and on fuel and port costs.
Moat: narrow (scale, installed base). One of the largest domestic coastal container fleets with route-density advantages.
Headquarters: Shanghai, China · Employees: 1,481
Size Shanghai Zhonggu Logistics (603565.SS) is a China Industrials company (Air Freight/Couriers) with a market value of $3.97B, the 643rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.62 on 6 Nov 2026.
Performance Over six months the shares gained 16.3%, against -8.0% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +7.0%); the operating margin is 27.2% (peer median 3.2%).
Valuation It trades at 10.4× forward earnings against a peer median of 15.2× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -14% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 27.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.1B | CN¥10.6B | CN¥11.3B | CN¥12.4B | CN¥14.2B |
| Revenue growth | — | -6% | -9% | -12% | — |
| Gross profit | CN¥4.00B | CN¥2.49B | CN¥1.69B | CN¥1.76B | CN¥3.18B |
| EBITDA | n/a | CN¥2.97B | CN¥2.12B | CN¥2.16B | CN¥3.56B |
| Net income | CN¥2.52B | CN¥2.00B | CN¥1.84B | CN¥1.72B | CN¥2.74B |
| Free cash flow | CN¥2.48B | CN¥2.68B | CN¥1.72B | -CN¥444M | CN¥1.87B |
| Capital expenditure | CN¥1.45B | CN¥405M | CN¥708M | CN¥3.04B | CN¥2.33B |
| Total debt | CN¥9.34B | CN¥10.5B | CN¥9.35B | CN¥8.32B | CN¥6.50B |
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 |
|---|---|---|---|---|---|---|
| Shanghai Zhonggu Logistics 603565.SS | $3.97B | +16% | +4% | 27% | 10.4× | -14.4% |
| Antong 600179.SS | $3.81B | -7% | +9% | 16% | n/a | -4.0% |
| Sinotrans 601598.SS | $6.74B | +18% | -1% | 0% | 14.8× | 4.3% |
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 | 603565.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | -0.6% | 6th highest of 21 |
| 6-month return | +16.3% | -8.0% | 4th highest of 21 |
| Distance from 52-week high | -7.9% | -19.6% | 4th highest of 21 |
| Revenue growth (TTM) | +3.6% | +7.0% | 8th lowest of 21 |
| Operating margin | 27.2% | 3.2% | 2nd highest of 20 |
| Forward P/E | 10.4× | 15.2× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -14.4% | 4.4% | 2nd least demanding of 16 |
| Growth delivered (Del g) | +0.4% | +9.0% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | -14.8 pp | -5.1 pp | 5th least demanding of 16 |
| ROIC minus cost of capital | +27.0 pp | -2.5 pp | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Zhonggu Logistics 603565.SS | China | $3.97B | +16% | +4% | 27% | 10.4× | -14.4% | +0.4% |
| Antong 600179.SS | China | $3.81B | -7% | +9% | 16% | n/a | -4.0% | +13.5% |
| Xiamen C&D 600153.SS | China | $3.77B | -8% | -6% | 1% | 12.4× | 21.2% | +9.3% |
| Delhivery DELHIVERY.NS | India | $3.40B | -11% | +24% | 0% | 81.8× | n/a | n/a |
| Huaihe Energy 600575.SS | China | $3.38B | -12% | +38% | n/a | 12.2× | n/a | n/a |
| Eastern Air Logistics 601156.SS | China | $4.70B | +23% | +20% | 14% | 10.9× | -16.0% | +9.9% |
| Compagnie de l'Odet ODET.PA | France | $4.74B | -30% | -83% | -8% | n/a | 24.3% | -29.4% |
| Yamato 9064.T | Japan | $4.83B | +26% | +2% | 2% | 34.5× | 8.9% | +1.9% |
| Logista Integral LOG.MC | Spain | $5.42B | +15% | +4% | 2% | 15.8× | -5.9% | +5.4% |
| Aegis Vopak Terminals AEGISVOPAK.NS | India | $2.89B | +14% | +17% | 53% | 61.3× | n/a | n/a |
| SG Holdings Co., Ltd. 9143.T | Japan | $5.56B | +1% | +14% | 5% | 14.0× | -2.6% | +4.6% |
| Swiggy SWIGGY.NS | India | $5.61B | -32% | +42% | -15% | n/a | n/a | n/a |
| ID Logistics IDL.PA | France | $2.80B | +7% | +16% | 4% | 30.3× | 10.4% | +17.9% |
| Yunda 002120.SZ | China | $2.74B | -20% | +7% | 4% | 9.7× | -13.2% | +9.0% |
| Mitsubishi Logistics 9301.T | Japan | $2.67B | -15% | -1% | 6% | 16.0× | n/a | n/a |
| GXO Logistics GXO | United States | $6.33B | +7% | +7% | 3% | 16.0× | 20.2% | +16.3% |
| SENKO 9069.T | Japan | $2.45B | +23% | +7% | 4% | 15.2× | 4.4% | +9.5% |
| Jiayou International Logistics 603871.SS | China | $2.41B | -8% | -10% | 19% | 11.3× | -7.9% | +20.7% |
| Sinotrans 0598.HK | Hong Kong | $6.57B | -8% | +4% | 0% | 8.6× | 9.4% | +2.0% |
| China Railway Special Cargo Logistics 001213.SZ | China | $2.35B | -11% | -3% | 3% | n/a | 2.1% | +7.2% |
| Liaoning Cheng Da 600739.SS | China | $2.29B | -16% | -27% | -17% | n/a | 4.4% | -10.1% |