2025 年 04 月 28 日 公司研究 评级：买入(维持) 研究所： 证券分析师： 祝玉波 S0350523120005 zhouyb01@ghzq.com.cn 联系人 ： 张晋铭 S0350124040003 zhangjm02@ghzq.com.cn [Table_Title] 吞吐量稳健增长，看好成长逐步兑现 ——北部湾港（000582）2024 年年报点评 最近一年走势 | 相对沪深 300 | 表现 | | 2025/04/28 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 北部湾港 | 4.1% | 3.6% | 13.8% | | 沪深 300 | -3.4% | -0.9% | 5.5% | | 市场数据 | | | 2025/04/28 | | 当前价格（元） | | | 8.84 | | 当前价格（元） | 8.84 | | --- | --- | | 52 周价格区间（元） | 6.77-11.50 | | 总市值（百万） | 20,563.04 | | 流通市值（百万） | 15,999.19 | | 总股本（万股） | ...

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Chongqing Port, noting its recent stock price increase and low PE ratio compared to industry averages [1][2] - As of April 28, Chongqing Port's stock closed at 5.93 yuan, up 4.22%, with a rolling PE ratio of 13.30, marking a new low in 1461 days and a total market capitalization of 7.038 billion yuan [1] - The average PE ratio for the shipping and port industry is 13.85, with a median of 14.40, placing Chongqing Port at 15th in the industry ranking [1][2] Group 2 - For the first quarter of 2025, Chongqing Port reported an operating income of 1.11 billion yuan, a year-on-year decrease of 20.30%, and a net profit of -8.72 million yuan, reflecting a year-on-year decline of 213.98% [2] - The company's gross profit margin stands at 8.88% [2] - As of the first quarter of 2025, five institutions hold shares in Chongqing Port, with a total holding of 78.73572 million shares valued at 3.96 billion yuan [1]

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Xiamen Port Authority, indicating a decline in revenue and profit compared to the previous year [1][2] - As of April 28, Xiamen Port Authority's stock closed at 7.45 yuan, down 1.59%, with a rolling PE ratio of 27.67 times and a total market capitalization of 5.526 billion yuan [1] - The average PE ratio for the shipping and port industry is 13.85 times, with a median of 14.40 times, positioning Xiamen Port Authority at 29th place within the industry [1][2] Group 2 - The company reported a revenue of 22.147 billion yuan for the year 2024, reflecting a year-on-year decrease of 3.40%, while net profit was 200 million yuan, down 13.84% year-on-year [1] - The sales gross margin for the company stands at 2.84% [1] - As of February 28, 2025, the number of shareholders for Xiamen Port Authority increased to 41,055, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1]

@ JIN10.COM 金十数据 | 一个交易工具 JIN10.COM 金十图示：2025年04月28日（周一）富时中国A50指数成分股午盘收盘行情一览：银行、半导体板块走高，保险、汽车板块涨跌 不一 电力行业 互联网服务 长江电力 东方财富 (8) 中国核电 a Action B 7316.00亿市值 1947.79亿市值 3247.09亿市值 13.07亿成交额 10.36亿成交额 20.65亿成交额 29.90 9.47 20.57 +0.38(+1.29%) +0.14(+1.50%) -0.13(-0.63%) 食品饮料 证券 中信证券 国泰海通 海天味业 (D 3733.30亿市值 3030.55亿市值 2326.00亿市值 7.39亿成交额 3.53亿成交额 1.56亿成交额 25.19 17.19 41.83 -0.01(-0.04%) -0.02(-0.12%) -0.17(-0.40%) 消费电子 化学制药 工业富联 立讯精密 恒瑞医药 3572.61亿市值 2252.49亿市值 3183.76亿市值 19.58亿成交额 13.98亿成交额 5.41亿成交额 17.99 31.08 49. ...

Investment Rating - The investment rating for the company is "Accumulate" [7]. Core Views - The report highlights that the shipping rates are expected to return to normal levels in 2025, with a healthy supply-demand relationship supporting medium to long-term freight rates [4][5]. - The company disposed of four old MR vessels in 2024, generating asset disposal income of 267 million yuan, and currently has ten vessels on order [3][5]. - The management is exploring ways to use capital reserves to cover undistributed profits, aiming to create conditions for future dividends, which could enhance investor return expectations [5]. Financial Summary - The company achieved a total revenue of 64.75 billion yuan in 2024, representing a year-on-year increase of 4.5%, with a net profit attributable to shareholders of 1.921 billion yuan, up 23.4% [10]. - Forecasted net profits for 2025, 2026, and 2027 are 1.404 billion yuan, 1.562 billion yuan, and 1.732 billion yuan, respectively, indicating a decline in 2025 followed by growth in subsequent years [6][5]. - The earnings per share (EPS) for 2025 is projected to be 0.29 yuan, with a price-to-earnings (P/E) ratio of 9.44 [6].

金十图示：2025年04月23日（周三）富时中国A50指数成分股今日收盘行情一览：银行、半导体行业午后延续跌势 保险 中国太保 中国人保 中国平安 电机 3175.28亿市值 2972.69亿市值 9232.59亿市值 6.46亿成交额 15.15亿成交额 3.17亿成交额 50.70 7.18 30.90 -0.07(-0.23%) +0.13(+0.26%) +0.03(+0.42%) 酸酒行业 贵州茅台 五粮液 山西汾酒 19496.19亿市值 2620.00亿市值 5044.93亿市值 28.95亿成交额 12.47亿成交额 9.73亿成交额 1552.00 129.97 214.76 -3.19(-1.46%) +3.20(+0.21%) -0.13(-0.10%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2433.47亿市值 2860.46亿市值 3463.26亿市值 21.92亿成交额 19.14亿成交额 37.76亿成交额 455.79 685.21 149.00 -3.10(-2.04%) -6.06(-1.31%) -9.77(-1.41%) 汽车整车 铁路公路 比亚迪 长城汽 ...

最新一期业绩显示，2024年年报，公司实现营业收入43.77亿元，同比-11.78%；净利润5.29亿元，同 比-17.22%，销售毛利率11.71%。 4月22日，重庆港今日收盘5.49元，上涨3.98%，滚动市盈率PE（当前股价与前四季度每股收益总和的比 值）达到12.32倍，总市值65.16亿元。 从行业市盈率排名来看，公司所处的航运港口行业市盈率平均14.14倍，行业中值14.65倍，重庆港排名 第14位。 股东方面，截至2025年3月31日，重庆港股东户数37110户，较上次减少1603户，户均持股市值35.28万 元，户均持股数量2.76万股。 重庆港股份有限公司的主营业务是港口货物中转运输及综合物流。公司的主要产品是装卸及客货代理业 务、综合物流业务、商品贸易业务、爆破施工业务。全年累计申报专利7项，获得软件著作权登记证书 26个，果园港成功入选交通运输部"全国智慧港口创新案例集"；推动水运口岸数字赋能，"船边放行、 智能分流"提升疏港效率30%以上；果集司申报"四星级智慧港口"，有望成为长江上游首个"双四星港 口"；久久物流公司综合物流服务平台上线运行并成功入选重庆市科学技术局科技型企业培育名 ...

资金流向方面，4月22日，盐田港主力资金净流出935.88万元，近5日总体呈流出状态，5日共流出 1079.86万元。 序号股票简称PE(TTM)PE(静)市净率总市值(元)25盐田港18.0118.011.80242.30亿行业平均 14.1413.401.15275.42亿行业中值14.6514.901.18131.57亿1凤凰航运-307.40-501.268.3543.62亿2宁波海 运-185.3532.060.9135.83亿3ST锦港-1.2130.740.5525.23亿4中远海控4.584.580.962247.60亿5招商南油 6.856.851.22131.57亿6上港集团8.598.590.961285.13亿7招商轮船9.339.331.19476.41亿8招商港口 10.5710.570.78477.51亿9中远海特10.6310.671.30163.26亿10青岛港10.8410.841.34567.32亿11兴通股份 11.4511.331.5139.70亿 4月22日，盐田港今日收盘4.66元，上涨1.08%，滚动市盈率PE（当前股价与前四季度每股收益总和的比 值）达到18. ...

金十图示：2025年04月22日（周二）富时中国A50指数成分股今日收盘行情一览：银行股全天走势分化，保险行业午后转涨 长江电力 中国核电 东方财富 8 1939.56亿市值 3243.93亿市值 7176.53亿市值 22.70亿成交额 8.57亿成交额 34.61亿成交额 29.33 9.43 20.55 +0.02(+0.07%) +0.05(+0.53%) -0.08(-0.39%) 证券 食品饮料 中信证券 国泰海通 海天味业 胸更 3716.99亿市值 3007.63亿市值 2346.02亿市值 11.58亿成交额 6.80亿成交额 2.80亿成交额 17.06 42.19 25.08 -0.15(-0.59%) +0.07(+0.41%) +0.03(+0.07%) 消费电子 化学制药 恒瑞医药 工业富联 立讯精密 3251.38亿市值 3530.91亿市值 2195.96亿市值 31.40亿成交额 8.19亿成交额 31.17亿成交额 17.78 30.30 50.97 -0.03(-0.17%) -0.57(-1.85%) +1.80(+3.66%) 家电行业 农牧饲渔 牧原股份 格力电器 ...

2025年4月22日A股三大指数涨跌不一，内需板块走强，交通运输ETF(159666)逆势翻红，成分股华 贸物流、保税科技涨停，中储股份、海晨股份、建发股份涨超3%。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 交通运输ETF（159666）及其联接基金（019405/019404）是全市场唯一跟踪中证全指运输指数的 ETF基金，交通运输板块中的一些公司具备高股息、低估值和稳健业绩的特征，其涵盖了A股市场包括 物流、铁路公路、航运港口、机场等，能够充分反映出A股运输行业上市公司的整体表现。 每日经济新闻 （责任编辑：董萍萍 ） 短期来看内需敞口板块公路铁路、快递提供一定防御性；中期关注航空、港口估值底部配置机会； 长期挖掘贸易重构下的非美出海贸易的物流资产。 交通运输板块通常具有低估值和高股息的特性，这使得其在市场波动中表现出较强的防御性。交通 运输板块的防御属性主要体现在其经济周期敏感性和市场表现上 ...