Chongqing Port (SH:600279) Jin Rong Jie·2025-05-08 10:20Core Viewpoint - Chongqing Port's stock closed at 5.36 yuan, down 1.11%, with a rolling PE ratio of 12.41 times and a total market value of 6.362 billion yuan [1] Company Summary - Chongqing Port's main business includes port cargo transshipment and comprehensive logistics, with key products being loading and unloading services, passenger and cargo agency services, comprehensive logistics services, commodity trading, and blasting construction services [1] - The company reported a total of 7 patent applications and received 26 software copyright registrations in the year [1] - Chongqing Port was recognized in the Ministry of Transport's "National Smart Port Innovation Case Collection" and has improved port efficiency by over 30% through digital empowerment initiatives [1] - The company aims to become the first "Double Four-Star Port" in the upper reaches of the Yangtze River [1] - The logistics service platform of Jiujiu Logistics has been launched and included in the list of technology-based enterprises cultivated by the Chongqing Science and Technology Bureau [1] - For Q1 2025, the company reported operating revenue of 1.11 billion yuan, a year-on-year decrease of 20.30%, and a net profit of -8.72 million yuan, a year-on-year decrease of 213.98%, with a gross profit margin of 8.88% [1] Industry Summary - The average PE ratio for the shipping and port industry is 13.26 times, with a median of 14.33 times, placing Chongqing Port at 14th in the industry ranking [2] - The total market value of the industry is 276.85 billion yuan, with the median market value of 130.13 billion yuan [2] - Chongqing Port's PE ratio is lower than the industry average and median, indicating potential undervaluation compared to peers [2]