YPH(SZ:000088) Xin Lang Cai Jing·2025-09-09 09:55Core Viewpoint - Shenzhen Yantian Port Co., Ltd. is a key player in the port industry, with significant expectations for overall listing and benefits from the development of the Guangdong-Hong Kong-Macao Greater Bay Area [2][8]. Company Overview - Shenzhen Yantian Port Co., Ltd. was established on July 21, 1997, and listed on July 28, 1997. The company is located in Yantian District, Shenzhen, Guangdong Province [7]. - The main business activities include port investment and operation, terminal construction project management, toll highway operation management, customs supervision warehouses, and other port-related warehousing operations [7]. - The revenue composition of the main business includes: 59.49% from port cargo handling and transportation, 30.11% from highway revenue, and 10.41% from warehousing leasing and other income [7]. Business Dynamics - The company operates in the port industry, which is closely linked to the national and regional economic trade development. The port serves as a crucial hub connecting domestic and international markets, enhancing the value of logistics, capital, trade, and data [2]. - In 2022, Kunshan Zhongpin Cold Chain Logistics Co., Ltd. became a wholly-owned subsidiary of Yantian Port Cold Chain Investment Holdings Co., Ltd. [2]. Financial Performance - As of June 30, 2025, Yantian Port achieved an operating income of 389 million yuan, a year-on-year decrease of 4.49%, while the net profit attributable to shareholders increased by 4.07% to 653 million yuan [8]. - The company has distributed a total of 7 billion yuan in dividends since its A-share listing, with 1.557 billion yuan distributed in the last three years [8]. Market Position - Yantian Port is recognized as one of the highest single-port container throughput terminals globally, with significant expectations for its role in the Greater Bay Area's development [2]. - The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government [3].