YPH(SZ:000088) Xin Lang Cai Jing·2026-01-09 07:14Core Viewpoint - Shenzhen Yantian Port Co., Ltd. is a leading player in the port industry, benefiting from the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Xiong'an New Area, with strong expectations for overall market listing [2][3][4]. 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 management, toll highway operation management, customs supervision warehouses, and other port-related warehousing operations [7]. - The revenue composition of the company is as follows: port cargo handling and transportation (59.49%), highway tolls (30.11%), and warehousing and other services (10.41%) [7]. Financial Performance - As of September 30, 2025, the company achieved an operating income of 616 million yuan, representing a year-on-year growth of 0.49%. The net profit attributable to shareholders was 1.071 billion yuan, with a year-on-year increase of 6.66% [8]. - The company has distributed a total of 7.458 billion yuan in dividends since its A-share listing, with 2.015 billion yuan distributed over the past three years [9]. Market Position and Control - The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government [3]. - Yantian Port is one of the highest single-port container throughput terminals globally and is expected to benefit from the development of the Greater Bay Area [3]. Investment and Strategic Outlook - The port industry is closely linked to the national and regional economic trade development, making it a fundamental industry in the national economy. The port serves as a crucial hub connecting domestic and international markets [3]. - The company holds a 35% stake in Caofeidian Port Group Co., Ltd., which is expected to benefit from the development of the Xiong'an New Area [3].