listed port markets in china
DESCRIPTION
Listed ports in China - 266.5bn RMB in assets and set for 50% market coverage. An overview, benchmarks and profiles of China’s 17 listed port group companies. Fore more information [email protected].TRANSCRIPT
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LISTED PORTS IN CHINA266.5bn RMB in assets
and set for 50% market coverageOverview, benchmarks and profiles of China’s listed port group companies
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Compared to most other countries (if not all) China has the highest share of listed port groups.
Measured in share of total throughput per port an estimated 39% are already listed today and with 3 major upcoming IPO’s this is will increase to about half of the Chinese port market.
These companies are unlike other port groups around the world in that they own a substantial part of not only general port infrastructure but also the terminal operations in their respective ports. In total for 2011 the listed port groups reported an asset base in excess of one quarter trillion RMB.
Listed port groups and upcoming IPO’s
Notes: Stock exchange abbreviations used are for Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZE) and Hong Kong Stock Exchange (HKG).
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In 2011 assets worth a total of 266.5bn RMB was wholly or partly owned by the listed Chinese port groups with a corresponding turnover of 99.7bn RMB.
Among these, Shanghai Port Group Co. (SIPG), has no equal and alone represents more than 30% of the listed port groups.
Benchmarked in turnover Wuhu Port Co. is the biggest, but as a number of port group companies have significant trading activities, including Wuhu, this benchmark is to a lesser extent a like to like comparison.
Company size (assets and turnover)
Notes: Asset and turnover figures are in million RMB.
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Combined the listed port groups made an approximate 17.6bn RMB in operating result (EBT) for 2011.
Also here Shanghai achieved results much higher than the closest port group. Combined the top three delivered more than 2/3 of the total for the listed companies.
As a larger number of the companies have significant minority holdings the margin indication is only a reference, it cannot be used to benchmark across companies.
Company results (operating margin)
Notes: EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation. Indicated EBT is in million RMB. The “Margin” indication is EBT divided by total turnover.
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The table shows turnover and EBT average annual growth from 2007 to 2011.
The fastest growing in both turnover and EBT have been port group companies in “secondary” or some of the relatively smaller port markets and the few that have declined are all from the Pearl River Delta in south China.
Company growth (turnover and EBT)
Notes: Wuhu and Tianjin have been excluded given their recent take over of significant new activities.
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APPENDIXPORT GROUP COMPANY PROFILES
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Overview
Notes: Assets, turnover and EBT are all in million RMB. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation. The outlined CAGR is the average annual growth from 2007 to 2011, Wuhu and Tianjin have no CAGR indication given their recent take over of significant new activities. Stock exchange abbreviations used are for Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZE) and Hong Kong Stock Exchange (HKG). Tianjin Port Co. (SSE:600717) and Xiamen Port Dev. Co. (SZE:000905) are controlled by other listed port companies (Tianjin Port Holdings and Xiamen Port Co.) and therefore not treated separately.
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1. Shanghai Port Company (SSE:600018)
Ownership: Shanghai International Port Group Co. is headquartered in Shanghai and controlled by Shanghai State-owned Assets Supervision and Administration Commission (40.8% ownership). China Merchants Holdings International also hold a significant share of SIPG (24.5%). SIPG is listed on the Shanghai Stock Exchange (stock code 600018).
Port activities: SIPG reported a total turnover of RMB 21.8bn, and operating result of RMB 7.0bn on a total asset base of RMB 83.3bn for 2011 and representing a 33.4% and 25.6% increase over 2007 respectively or average y-o-y growth of 7.5% and 5.9%. Close to all of SIPG' activities are directly port related (98%) of which container handling represented the biggest segment followed by port services and logistics. For their container terminal activities SIPG reported a total throughput of 31.7mn TEU.
Main port locations: With the exception of one facility in Europe, SIPG activities are all the Yangtze River Delta and River of which the vast majority are in Shanghai.
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
46%
11%
19%
22%
2%
ContainerBulk and general cargoPort logisticsPort serviceOthers
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
16328 18140 16545 19105 21779
EBT
5595.9 7098.7 4760.4 6630.7 7031
2,500 7,500
12,500 17,500 22,500
500.0 2,500.0 4,500.0 6,500.0
Mill
ion
RMB
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2. Tianjin Port Holdings (HKG:3382)
Ownership: Tianjin Port Development Holdings is headquartered in Tianjin and majority owned by Tianjin Port Group a PRC state-owned company. TPD is listed on the Hong Kong Stock Exchange (stock code 3382). TPD owns a controlling share of Tianjin Port Co. Ltd., which is listed on the Shanghai Stock Exchange (stock code 600717).
Port activities: TPD reported a total turnover of RMB 16.5bn, and operating result of RMB 1.9bn on a total asset base of RMB 33.56bn for 2011. The take-over of Tianjin Port Co. happened in 2010 and the outlined results are re-stated to 2009, 2007-2008 represent TPD results prior to the take-over. About half of TPD turnover was derived from port related activities and te other half from trading activities. For its port related business TPD reported throughput of 11.59mn TEU for container cargo and 249.5mn tons for non-container.
Main port locations: All of TPD activities are in Tianjin (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview28%
10%
48%
14%
Bulk and general cargoContainerTradingPort service
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
1194 1259 12508 15053 16548
EBT
287 181 -17 1582 1936
1,000 5,000 9,000
13,000 17,000
(250) 250 750 1,250 1,750 2,250
Mill
ion
RMB
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3. Ningbo Port Company (SSE:601018)
Ownership: Ningbo Port Co. is headquartered in Ningbo and majority owned by Ningbo Port Group (71.29%) a state-owned company wholly owned by the Ningbo Asset Supervision and Administration Commission. NPC is listed on the Shanghai Stock Exchange (stock code 601018).
Port activities: NPC reported a total turnover of RMB 6.98bn, and operating result of RMB 2.97bn on a total asset base of RMB 33.4bn for 2011 representing a 52.7% and 33.4% increase over 2008 respectively or average y-o-y growth of 15.1% and 10.1%. A majority of NPC' activities are from direct port handling related activities of which most are dry-cargo related, the remainder is from logistics and related activities. For their port related activities NPC reported a total throughput of 386mn tons including 15.2mn TEU in 2011.
Main port locations: The vast majority of NPC' activities are in Ningbo, but they also have activities in other PRC cities.
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation. NPC was listed in 2010 and financial results are only available from 2008.
Overview20%
36%
3%
42% Container relatedDry bulk & general cargoOil relatedLogistics and others
2008 2009 2010 2011 2008 2009 2010 2011
Turnover
4574 4888.7 6003.9 6982.8
EBT
2227 2068 2429 2970
500 2,500 4,500 6,500
250
1,250
2,250
3,250
Mill
ion
RMB
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4. Dalian Port Company (HKG:2880)
Ownership: Dalian Port (PDA) Co. is headquartered in Dalian and majority owned by Dalian Port Group which is PRC state-owned company. DPC is listed on the Hong Kong Stock Exchange (stock code 2880).
Port activities: DPC reported a total turnover of RMB 3.96bn, and operating result of RMB 821mn on a total asset base of RMB 27.17bn for 2011 and representing a 46.4% and 11.7% increase over 2007 respectively or average y-o-y growth of 10.0% and 2.8%. A majority of DPC activities come from terminal operation mainly in the container, dry and liquids segments, the remainder from port management services. For 2011 DPC reported throughput of 7.42mn TEU, 65.1mn tones of dry bulk and general cargo and 40.9mn tons for oil and liquid bulk.
Main port locations: DPC have a few activities in other PRC cities but vast majority are in Dalian.
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview25%
22%
22%
3%
27%
Bulk and general cargoContainerOil & liquidRo/Ro & passengerPort service & others
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
2702 2953 3022 3337 3955
EBT
735.2 682.6 817.9 994.5 821
250 1,250 2,250 3,250 4,250
100 300 500 700 900 1,100
Mill
ion
RMB
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5. Wuhu Port Company (SSE:600575)
Ownership: Wuhu Port Storage & Transportation Co. Ltd. is headquartered in Wuhu and part owned by Huainan Mining Group (32.02%), one of the largest coal producers in PRC (owned by Anhui State-owned Supervision and Administration Commission (72.88%) and other state-owned entities). WPC is listed on the Shanghai Stock Exchange (stock code 600575).
Port activities: WPC reported a total turnover of RMB 30.1bn, and operating result of RMB 460mn on a total asset base of RMB 16.53bn for 2011. As WPC took over trading activities in 2011 which now represent the by far most significant segment in its portfolio no meaning comparison to previous years can be made.
Main port locations: All of WPC' activities are in the Anhui Province (PPC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
160.7 179 125.9 4049 30055
EBT
42.6 42.5 3.9 23.8 460
2,500
12,500
22,500
32,500
25.0 125.0 225.0 325.0 425.0
Mill
ion
RMB
1% 3%
96%
Port operationRailway transportationLogistics and trading
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6. Yingkou Port Company (SSE:600317)
Ownership: Yingkou Port Liability Co. Ltd. is headquartered in Yingkou and controlled by Yingkou Port Group (59.65%), which is fully owned by the Yingkou Municipal Government. YPC is listed on the Shanghai Stock Exchange (stock code 600317).
Port activities: YPC reported a total turnover of RMB 2.9bn, and operating results of RMB 351mn on a total asset base of RMB 11.3bn for 2011 and representing a 128.8% and 31.5% increase over 2007 respectively or average y-o-y growth of 23.0% and 7.1%. Close to all of YPC' activities are directly port related and include dry bulk cargo (mainly metal ore, coal and grain), liquid bulk (oil) and containers and reported a total throughput of 168mn tons for 2011.
Main port locations: All of YPC activities are in Yingkou (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
1273.6 1950.8 1875.8 2343 2914
EBT
267 368.5 236.7 275.9 351
250
1,250
2,250
3,250
25.0 125.0 225.0 325.0
Mill
ion
RMB
93%
7%
Port operationOthers
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7. Tangshan Port Group Co. (SSE:601000)
Ownership: Tangshan Port Group Co. Ltd. is headquartered in Tangshan and controlled by Tangshan Asset Supervision and Administration Commission. TPG is listed on the Shanghai Stock Exchange (stock code 601000).
Port activities: TPG reported a total turnover of RMB 3.0bn, and operating result of RMB 623mn on a total asset base of RMB 10.55bn for 2011 representing a 122.6% and 145.7% increase over 2007 respectively or average y-o-y growth of 30.6% and 34.9%. The majority of TPG activities are from port related business and about 1/4 from trading related. For port related activities TPG primarily operate dry-bulk cargo (including coal, iron ore and steel) and TPG reported a total throughput of 83.1mn tons of throughput for 2011.
Main port locations: All of TPG' activities are in the Hebei Province (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2008 2009 2010 2011 2008 2009 2010 2011
Turnover
1346.7 1929.9 2556.9 2998
EBT
253.5 377.2 495.4 622.8
250
1,250
2,250
3,250
50
250
450
650
Mill
ion
RMB
62%6%
26%
1%4%
Port operationPort managementTradingTransportationMisc.
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8. Rizhao Port Company (SSE:600017)
Ownership: Rizhao Port Co. Ltd. is headquartered in Rizhao and controlled by Rizhao Port Group (37.66%), which is wholly owned by Rizhao Municipal Government. RPC is listed on the Shanghai Stock Exchange (stock code 600017).
Port activities: For 2011 RCP reported a turnover of RMB 3.56bn and operational result of RMB 625mn on a total asset base of RMB 10.43bn representing an increase of 196.3% and 257.3% over 2007 respectively or an average y-o-y growth of 31.2% and 37.5%. All RCP' activities are materially generated from port related business including dry bulk cargo (namely metal ore (67%), coal (15%) and cement). For port related business RCP reported a total throughput of 198mn tons in 2011.
Main port locations: All of RZP activities are in the Shandong province (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
87%
4%
9%
LiftingStoragePort management
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
1202 1775 2407 3156 3561
EBT
174.9 413.8 531 570 625
250 1,250 2,250 3,250
50.0
250.0
450.0
650.0
Mill
ion
RMB
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9. Jinzhou Port Company (SSE:600190)
Ownership: Jinzhou Port Co. Ltd. is headquartered in Jinzhou and controlled the Dongfang Group which holds 19.73%. Other large shareholders include Dalian Port Group (19.44%), Jinzhou SASAC (11.53%) and Petro China (7.57%). JPC is listed on the Shanghai Stock Exchange (stock code 600190).
Port activities: JPC reported a total turnover of RMB 1.19bn, and operating result of RMB 341.8mn on a total asset base of RMB 7.85bn for 2011 and representing a 125.7% and 199.8% increase over 2007 respectively or average y-o-y growth of 22.6% and 31.6%. The majority of JPC' activities are directly port related and include dry bulk (coal, oil and grain) and some container activity.
Main port locations: Majority of JPC' activities are in Jinzhou (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
526.3 792.2 738.8 863.9 1188
EBT
114 226.4 222.7 294.6 341.8
100
500
900
1,300
25.0 125.0 225.0 325.0
Mill
ion
RMB
75%
25%
Port Others
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10. Xiamen Port Company (HKG:3378)
Ownership: Xiamen International Port Co. is headquartered in Xiamen and majority owned by Xiamen Port Holding Group (62.46%), which is a PRC state-owned company wholly owned by Xiamen Asset Supervision and Administration Commission. XPC is listed on the Hong Kong Exchange (stock code 3378). XPC is also the majority owner of Xiamen Port Development Co. (55.13%), which is listed on the Shenzhen Stock Exchange (stock code 000905).
Port activities: XPC reported a total turnover of RMB 3.1bn, and operating result of RMB 449mn on a total asset base of RMB 6.67bn for 2011 representing a 6.2% increase and 18.1% decline from 2007 respectively or average y-o-y growth of 1.5% and -4.9%. A majority of XPC' activities are directly port related but a larger share is also derived from trading. For its port related activities XPC reported 4.15mn TEU and 6.8mn tons of bulk and general cargo in 2011.
Main port locations: The vast majority of XPC activities are in Xiamen (PRC), but XPC also have minor activities in other cities (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview7%
26%
22%
34%
12%
Bulk and general cargoContainerPort & Logistics service TradingConstruction material manufacturing & trading
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
2890.9 3411.5 2065.9 2241.7 3069
EBT
548.2 506.1 322.8 459.7 449
250 1,250 2,250 3,250
50 150 250 350 450 550
Mill
ion
RMB
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11. Chiwan Wharf Holdings (SZE:000022)
Ownership: Shenzhen Chiwan Wharf Holdings is headquartered in Shenzhen and majority owned by China Nanshan Development Group (a PRC state-owned company). Other significant shareholders of NDG include China Merchants Holdings International (CMHI) and CNOOC. SCW is listed on the Shenzhen Stock Exchange (stock code 000022).
Port activities: SCW reported a total turnover of RMB 1.7bn, and operating result of RMB 816.3mn on a total asset base of RMB 6.54bn for 2011 representing a 14.7% and 21.7% decline from 2007 respectively or average y-o-y decline of 3.9% and 5.9%. Materially all of SCW activities are directly port related and SCW reported throughput of 4.12mn TEU of container cargo and 9.2mn tons of non-container for 2011.
Main port locations: The vast majority of SCW' activities are in Shenzhen Chiwan port area, but they also have some activities in elsewhere in the Pearl River Delta (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
91%
3%6%
Port operationTransportationOther port service
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
2003 1914 1465 1740 1708
EBT
1042 1033 673.6 962.4 816.3
250 750
1,250 1,750 2,250
100.0 300.0 500.0 700.0 900.0 1,100.0
Mill
ion
RMB
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12. Yantian Port Company (SZE:000088)
Ownership: Shenzhen Yantian Port Holdings Co. is headquartered in Yantian and majority owned by Yantian Port Group (67.37%) which is a wholly owned by Shenzhen State-owned Asset Supervisory and Administration Commission. YPH is listed on the Shenzhen Stock Exchange (stock code 000088).
Port activities: YPH reported a total turnover of RMB 361mn, and operating result of RMB 543mn on a total asset base of RMB 5.41bn for 2011 representing a 48.7% and 30.1% decrease from 2007 respectively or average y-o-y decline of 15.4% and 8.6%. YPH have activities both in logistics and port operation. As their port holdings are all minorities they are not consolidated into the turnover, but represent the majority of the operating result of YPH.
Main port locations: Most of YPH activities are in Yantian but YPH also have activities elsewhere in PRC.
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
702.7 429.8 401.42 416.93 360.75
EBT
776.9 684.8 560.2 513.9 543
50 250 450 650
50.0 250.0 450.0 650.0 850.0
Mill
ion
RMB
87%
13%
TransportationWarehouse & logistics
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13. Chongqing Gangjiu Company (SSE:600279)
Ownership: Chongqing Gangjiu Co. Ltd. is headquartered in Chongqing and controlled by Chongqing Port Logistics Group, which is wholly owned by Chongqing State-owned Asset Supervision and Administration Commission (SASAC). CGC is listed on the Shanghai Stock Exchange (stock code 600279).
Port activities: CGC reported a total turnover of RMB 1.47bn, and operating result of RMB 107.8mn on a total asset base of RMB 4.83bn for 2011 representing a 254.5% and 79.7% increase over 2007 respectively or average y-o-y growth of 37.2% and 15.8%. A majority of CGC' activities are from port and related business and a smaller part from trading, real estate and other. For their port related activities CGC reported a total throughput of 26.2mn tons and 0.59mn TEU in 2011..
Main port locations: All of CGC activities are in Chongqing (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
415 585 813.6 1120 1471
EBT
60 45.7 43.9 66.7 107.8
100 500 900
1,300
10.0 30.0 50.0 70.0 90.0 110.0
Mill
ion
RMB
43%
14%
14%
18%
11%
Port TransportationTradingLogisticsReal estate
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14. Lianyungang Port Company (SSE:601008)
Ownership: Jiangsu Lianyungang Port Co. is headquartered in Lianyungang and controlled by Lianyungang Port Group (48.81%), a state-owned company wholly owned by Lianyungang Municipal Government. JLPC is listed on the Shanghai Stock Exchange (stock code 601008).
Port activities: JLPC reported a total turnover of RMB 1.5bn, and operating result of RMB 158mn on a total asset base of RMB 3.68bn for 2011 representing a 76.8% and 32.4% increase over 2007 respectively or average y-o-y growth of 15.3% and 7.3%. All of JLPC income stem from port related activities, a minority of which is related to port management related activities and JLPC reported a total throughput of 60.8mn tonnes for 2011.
Main port locations: All of JLPC activities are in Lianyungang (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
93%
7%
Port operationPort management
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
848.2 984.6 989.2 1218.6 1500
EBT
119.6 100 94 125.2 158.4
100 500 900
1,300
10 50 90 130 170
Mill
ion
RMB
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15. Zhuhai Port Company (SZE:000507)
Ownership: Zhuhai Port Co. Ltd. is headquartered in Zhuhai and part owned by Zhuhai Port Holdings Group Co. ZPC is listed on the Shenzhen Stock Exchange (stock code 000507).
Port activities: ZPC reported a total turnover of RMB 454mn and operating result of RMB 297.6mn on a total asset base of RMB 3.42bn for 2011 representing a 30.0% decline and 91.8% increase from 2007 respectively or average y-o-y growth of -8.5% and 17.7%. For ZPC' port related activities they engage in logistics and port management related services and are currently getting further into terminal operation of liquid bulk and other cargoes.
Main port locations: Mainly in Zhuhai but are also expending to a few other locations in South China.
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation. The peak in 2008 was related to the sale of property.
Overview
46%
54%
Port serviceOthers
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
648.9 1703 515 401.7 454
EBT
155.2 111.2 93.2 211.4 297.6
100 500 900
1,300 1,700
25.0
125.0
225.0
325.0
Mill
ion
RMB
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16. Nanjing Port Company (SZE:002040)
Ownership: Nanjing Port Co. is headquartered in Nanjing and majority owned (63.38%) by Nanjing Port Group, which is a joint venture between Nanjing Asset Supervision and Administration Commission and Sinotrans Yangtze Shipping Group. NPC is listed on the Shenzhen Stock Exchange (stock code 002040).
Port activities: NPC reported a total turnover of RMB 163mn, and operating result of RMB 43mn on a total asset base of RMB 959.7mn for 2011 and representing a 10.4% and 49.1% increase over 2007 respectively or average y-o-y growth of 2.5% and 10.5%. Materially all of NPC' activities stem from port operation and vast majority from the liquid bulk segments (chemical, crude oil and petrochemical related products), but also minority holdings in container terminal facilities. For port operations NPC reported a total throughput of 11.84mn tons in 2011.
Main port locations: The vast majority of NPC' activities are in Nanjing, but they also have activities in other cities in PRC.
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
147.6 133.7 137 149.8 163
EBT
29.1 13.9 7.4 29.7 43.4
10 50 90
130 170
3 13 23 33 43
Mill
ion
RMB
43%
22%
30%
5%
Crude oilChemicalProductOthers
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17. Beihai Port Company (SSZ:000582)
Ownership: Beihai Port Co. Ltd. is headquartered in Beihai and controlled by Guangxi Beibu Gulf Port Group, which is fully owned by the Guangxi Autonomous Region State-owned Asset Supervision and Administration Commission (SASAC). BPC is listed on the Shenzhen Stock Exchange (stock code 000582).
Port activities: BPC reported a total turnover of RMB 1.02bn, and operating result of RMB 50.2mn on a total asset base of RMB 936mn for 2011 representing a 453.7% and 165.5% increase over 2007 respectively or average y-o-y growth of 53.4% and 27.6%. Whereas a majority of BPC' activities in terms of turnover are from trading activities, the majority of their operating result (more than 90%) are from port related activities. For port related activities BPC operate dry-bulk as well as container cargo and reported total throughput of 6.2mn tons and 71k TEU for 2011.
Main port locations: All of BPC activities are in the Guangxi Province (PRC).
Reference: The pie chart outlines segment as a share of turnover and the turnover/result chart covers all segments. EBT represents profit before income tax and any extraordinary items as per PRC accounting regulation.
Overview
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Turnover
184.1 197.8 215.9 405 1019.4
EBT
18.9 18.4 44.8 44.3 50.18
100 300 500 700 900
1,100
5.0 15.0 25.0 35.0 45.0 55.0
Mill
ion
RMB
26%
73%
1%
Port TradingLogistics and agency
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