NZP(SH:601018) Xin Lang Cai Jing·2025-10-31 15:55Core Insights - Ningbo Port, established on March 31, 2008, and listed on the Shanghai Stock Exchange on September 28, 2010, is a significant global port with a core business in port loading and related services, benefiting from a unique geographical advantage and comprehensive port facilities [1] Business Performance - For Q3 2025, Ningbo Port reported a revenue of 22.882 billion yuan, ranking 2nd in the industry out of 16 companies, surpassing the industry average of 9.528 billion yuan and the median of 7.044 billion yuan; the top competitor, Shanghai Port Group, had a revenue of 29.949 billion yuan [2] - The net profit for the same period was 4.331 billion yuan, ranking 4th in the industry, exceeding the industry average of 2.415 billion yuan and the median of 1.14 billion yuan; the leading company, Shanghai Port Group, reported a net profit of 12.398 billion yuan, while the second, China Merchants Port, had 7.463 billion yuan [2] Financial Ratios - As of Q3 2025, Ningbo Port's debt-to-asset ratio was 25.77%, lower than the previous year's 26.59% and below the industry average of 34.25%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 30.76%, an increase from 29.20% in the previous year and slightly above the industry average of 30.73% [3] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.46% to 149,500, with an average holding of 130,200 circulating A-shares, up by 21.31% from the previous period; Hong Kong Central Clearing Limited was the sixth-largest shareholder, holding 93.0082 million shares, a decrease of 3.5253 million shares from the previous period [5]