Xin Lang Cai Jing·2025-08-15 07:55Core Viewpoint - The company, Liaoning Port Co., Ltd., is a major player in the port logistics industry in Northeast China, focusing on various types of cargo handling and logistics services, and is positioned to benefit from regional trade agreements and initiatives like the Belt and Road Initiative [2][3][8]. Company Overview - Liaoning Port Co., Ltd. was established on November 16, 2005, and listed on December 6, 2010. Its main business includes oil and liquid chemical products terminal and related logistics, container terminal and related logistics, automobile terminal and related logistics, bulk cargo terminal and related logistics, grain terminal and related logistics, and passenger roll-on/roll-off terminal and related logistics [7][8]. - The company operates as a unified platform for port logistics in Dalian, leveraging its advantageous natural conditions and management capabilities to play a leading role in the development of the Dalian Northeast Asia International Shipping Center and the Liaoning Coastal Economic Belt [2][3]. Financial Performance - For the period from January to March 2025, the company reported a revenue of 2.527 billion yuan, a year-on-year decrease of 12.51%, and a net profit attributable to shareholders of 204 million yuan, down 45.09% year-on-year [8]. - The company has distributed a total of 5.342 billion yuan in dividends since its A-share listing, with 1.439 billion yuan distributed over the past three years [9]. Market Position - The company is the largest comprehensive terminal operator in Northeast China, with nearly 70 coastal routes, and is significantly impacted by the China-South Korea Free Trade Agreement, which is expected to enhance trade and investment opportunities [3][4]. - The company is part of various industry concepts, including RCEP, free trade ports, and the Belt and Road Initiative, indicating its strategic positioning in the market [8]. Technical Analysis - The average trading cost of the company's shares is 1.53 yuan, with the current stock price approaching a resistance level of 1.62 yuan, suggesting potential for upward movement if this level is breached [6]. Shareholder Information - As of March 31, 2025, the company had approximately 229,300 shareholders, a decrease of 0.82% from the previous period, indicating a stable shareholder base [8]. - The largest circulating shareholder is the Southern CSI 500 ETF, holding approximately 96.38 million shares, which has decreased by 10.80 million shares compared to the previous period [9].