CTS Logistics(SH:603128) Sou Hu Cai Jing·2025-11-20 12:15Core Viewpoint - Hua Mao Logistics (603128) has experienced a decline in stock price and financial performance, indicating potential challenges in the logistics sector [1][3]. Financial Performance - As of November 20, 2025, Hua Mao Logistics closed at 5.96 yuan, down 0.5% with a trading volume of 140,200 shares and a turnover of 83.75 million yuan [1]. - For the first three quarters of 2025, the company reported a main revenue of 13.72 billion yuan, a year-on-year decrease of 4.84%, and a net profit attributable to shareholders of 307 million yuan, down 35.07% [3]. - In Q3 2025, the company’s single-quarter main revenue was 4.95 billion yuan, a decline of 14.95%, and the net profit attributable to shareholders was 79.03 million yuan, down 53.33% [3]. Market Position and Ratios - The total market value of Hua Mao Logistics is 7.802 billion yuan, ranking 22nd in the logistics industry [3]. - The company’s net asset is 6.185 billion yuan, with a net profit of 307 million yuan, and a price-to-earnings ratio of 19.08, which is higher than the industry average of 18.32 [3]. - The gross margin stands at 9.36%, significantly lower than the industry average of 13.97%, indicating potential pricing or cost management issues [3]. Capital Flow Analysis - On November 20, 2025, the net outflow of main funds was 12.79 million yuan, accounting for 15.27% of the total turnover, while retail investors saw a net inflow of 5.76 million yuan, representing 6.88% of the total turnover [1][2]. - Over the past five days, the stock has seen a consistent trend of net outflows from main funds, indicating a lack of confidence among institutional investors [2]. Institutional Ratings - In the last 90 days, four institutions have provided ratings for the stock, with one buy rating and three hold ratings, suggesting a cautious outlook [4]. - The average target price set by institutions over the past 90 days is 7.2 yuan, indicating potential upside from the current trading price [4].