Chongqing Port (SH:600279) Xin Lang Cai Jing·2025-08-29 07:19Core Viewpoint - The company, Chongqing Port, is engaged in port transshipment and comprehensive logistics services, with a strong position in the southwestern region of China, benefiting from major national strategies like the Belt and Road Initiative and the Yangtze River Economic Belt [2][7]. Company Overview - Chongqing Port Co., Ltd. was established on January 8, 1999, and listed on July 31, 2000. Its main business includes port terminal loading, storage, and multimodal transport logistics [7]. - The company's revenue composition includes 54.28% from commodity trading, 31.90% from loading and freight agency services, 13.13% from comprehensive logistics, and 0.04% from blasting construction services [7]. - As of June 30, 2025, the company reported a revenue of 2.255 billion yuan, a year-on-year increase of 3.57%, while net profit attributable to shareholders was 5.6853 million yuan, a significant decrease of 88.36% [7]. Business Segments - The company operates through its subsidiary, Chongqing Yuwu Civil Explosives Co., Ltd., which specializes in civil explosive materials such as explosives, detonators, and fuses [2]. - The port has developed specialized terminals for containers, general cargo, vehicles, and chemicals, leading to a strong cargo throughput capacity [2]. Market Position - Chongqing Port is strategically located at a key junction for major national strategies, facilitating connections between eastern and western China, as well as north and south [2]. - The company is a state-owned enterprise, ultimately controlled by the Chongqing State-owned Assets Supervision and Administration Commission [3]. Financial Analysis - The stock's average trading cost is 5.91 yuan, with a current price near the support level of 5.54 yuan, indicating potential for a rebound if it holds above this level [6]. - Recent trading data shows a net outflow of 3.4357 million yuan, with the stock's main trading volume being low, indicating a lack of strong control by major investors [5]. Shareholder Information - As of June 30, 2025, the number of shareholders increased to 44,100, with an average of 26,916 shares held per person, reflecting a decrease of 15.84% from the previous period [7]. - The company has distributed a total of 799 million yuan in dividends since its A-share listing, with 148 million yuan distributed over the past three years [8].