Liaoning Port Company Limited Class H (HK:2880)
:2880
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Liaoning Port Company Limited Class H
(2880)
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Rating:73Outperform
Price Target:
HK$0.87
â–²(4.82% Upside)
Action:Reiterated
Date:05/07/26
The score is driven primarily by solid financial performance (sharp TTM revenue rebound, strong margins, and low leverage), supported by attractive valuation (low P/E and a moderate dividend). Technicals are constructive with price above key moving averages, but slightly negative MACD tempers the overall outlook.
Positive Factors
Revenue rebound
A large TTM revenue rebound (+69.3%) signals durable recovery in cargo throughput and demand at core terminals. Sustained higher volumes expand scale economics, help absorb fixed costs, and provide a firmer base for reinvestment in facilities and service capacity over the next several months.
Negative Factors
Low return on equity
A modest ROE (~3.3%) shows the business generates limited returns on invested capital relative to peers, suggesting inefficient capital allocation or low asset turnover. Over months, low ROE can constrain shareholder return potential and raises the bar for management to improve asset productivity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A large TTM revenue rebound (+69.3%) signals durable recovery in cargo throughput and demand at core terminals. Sustained higher volumes expand scale economics, help absorb fixed costs, and provide a firmer base for reinvestment in facilities and service capacity over the next several months.
Read all positive factors
Liaoning Port Company Limited Class H (2880) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$36.19B
Dividend Yield3.23%
Average Volume (3M)19.92M
Price to Earnings (P/E)24.1
Beta (1Y)0.70
Revenue Growth8.66%
EPS Growth53.27%
CountryHK
Employees10,786
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.05
Shares Outstanding5,158,716,000
10 Day Avg. Volume6,968,140
30 Day Avg. Volume19,924,975
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)0.42
Price to Sales (P/S)1.53
P/FCF Ratio3.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Liaoning Port Company Limited Class H Business Overview & Revenue Model
Company Description
Liaoning Port Co., Ltd., together with its affiliated companies, delivers an extensive array of port and logistics services across Mainland China. The company's operations encompass several specialized terminals: for oil and liquefied chemicals, i...
How the Company Makes Money
The company primarily makes money by charging fees for port and terminal services. Key revenue streams typically include (1) cargo handling and terminal operations fees (e.g., loading/unloading, stevedoring, terminal handling for different cargo t...
Liaoning Port Company Limited Class H Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.39B | 11.05B | 11.07B | 12.22B | 11.98B | 12.35B |
| Gross Profit | 3.42B | 3.10B | 2.38B | 3.39B | 3.10B | 3.83B |
| EBITDA | 4.13B | 4.77B | 4.58B | 4.79B | 4.76B | 5.52B |
| Net Income | 1.46B | 1.27B | 1.14B | 1.34B | 1.32B | 1.92B |
Balance Sheet | ||||||
| Total Assets | 57.42B | 57.60B | 59.79B | 56.35B | 57.61B | 57.81B |
| Cash, Cash Equivalents and Short-Term Investments | 6.83B | 6.70B | 5.28B | 5.23B | 5.09B | 4.68B |
| Total Debt | 9.11B | 10.22B | 10.07B | 8.53B | 12.81B | 9.30B |
| Total Liabilities | 12.96B | 13.00B | 16.38B | 13.62B | 15.87B | 16.76B |
| Stockholders Equity | 40.72B | 40.36B | 39.80B | 39.60B | 38.65B | 37.95B |
Cash Flow | ||||||
| Free Cash Flow | 4.88B | 5.23B | 3.65B | 2.67B | -21.57M | -1.43M |
| Operating Cash Flow | 5.39B | 5.71B | 4.29B | 3.34B | 3.41B | 3.82B |
| Investing Cash Flow | -472.03M | -543.41M | -221.38M | -349.15M | -3.10B | -2.69B |
| Financing Cash Flow | -3.97B | -3.79B | -4.02B | -3.03B | 286.46M | -3.86B |
Liaoning Port Company Limited Class H Technical Analysis
Negative
0.83
Price Trends
0.85
Negative
0.88
Negative
0.88
Negative
Market Momentum
-0.02
Positive
31.64
Neutral
17.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2880, the sentiment is Negative. The current price of 0.83 is above the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.85, and below the 200-day MA of 0.88, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.64 is Neutral, neither overbought nor oversold. The STOCH value of 17.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2880.
Liaoning Port Company Limited Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$59.58B | 10.37 | 11.51% | 5.34% | 1.02% | 0.36% | |
75 Outperform | HK$20.15B | 11.79 | 7.93% | 3.47% | 6.08% | 5.81% | |
73 Outperform | HK$36.19B | 24.08 | 3.62% | 3.23% | 8.66% | 53.27% | |
73 Outperform | HK$54.36B | 8.46 | 5.92% | 5.72% | 12.77% | -18.46% | |
69 Neutral | HK$3.63B | 5.45 | 4.48% | 6.69% | -14.81% | -3.39% | |
67 Neutral | HK$18.49B | 7.25 | 4.96% | 4.97% | 10.25% | -9.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
HK:2880
Liaoning Port Company Limited Class H
0.78
0.08
10.80%
HK:0144
China Merchants Port Holdings Co
12.94
-0.98
-7.03%
HK:1199
COSCO SHIPPING Ports
4.64
-0.34
-6.83%
HK:3382
Tianjin Port Development Holdings
0.59
-0.03
-4.38%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.32
0.18
8.31%
HK:6198
Qingdao Port International Co Ltd Class H
6.75
0.64
10.55%
Liaoning Port Company Limited Class H Corporate Events
Liaoning Port Sets June 2026 AGM to Approve 2025 Results and Board Changes
Jun 4, 2026
Liaoning Port Co., Ltd. has convened its annual general meeting for 26 June 2026 in Dalian, where shareholders will review and approve the company’s 2025 annual report, board report, audited consolidated financial statements, and profit dist...
Liaoning Port Updates 2025 Final Dividend Details and Tax Treatment for H-Shareholders
Jun 4, 2026
Liaoning Port Co., Ltd. has updated its announcement of a final dividend for the financial year ended 31 December 2025, declaring a payout of RMB 0.0286 per share, subject to shareholder approval on 26 June 2026. The dividend, to be paid in Hong K...
Liaoning Port Warns on Persisting Shortfall in Public Float for H Shares
Jun 2, 2026
Liaoning Port Co., Ltd. has disclosed that the market value of its H shares held by the public is about HK$775 million, representing roughly 3.67% of that share class, which remains below Hong Kong’s minimum public float requirement. The com...
Liaoning Port Updates On Bankruptcy Liquidation Of Former Subsidiary DCT Logistics
Jun 2, 2026
Liaoning Port Co., Ltd., a major port operator based in Dalian and listed in Hong Kong and on the mainland, oversees a portfolio of subsidiaries providing logistics and related services to support regional and international trade. The group’...
Liaoning Port Plans Auditor Switch to BDO for 2026
May 28, 2026
Liaoning Port Co., Ltd. plans to change its auditor as part of efforts to improve audit efficiency and better align with its operational and management needs. The company has proposed appointing BDO China Shu Lun Pan Certified Public Accountants L...
Liaoning Port Proposes New Three-Year Board Term and Director Line-Up
May 28, 2026
Liaoning Port Co., Ltd. has initiated a board renewal process as the term of its seventh session nears expiry, proposing a new three-year term for the eighth session of the board subject to shareholder approval at the 2025 annual general meeting. ...
Liaoning Port’s General Manager Resigns as Chairman Assumes Acting Role
May 25, 2026
Liaoning Port Co., Ltd. announced that executive director and general manager Wei Minghui has resigned from all his roles, including as the company’s authorized representative and strategic and sustainable development committee member, effec...
Liaoning Port Sets Out Board and Committee Line-Up
May 25, 2026
Liaoning Port Company Limited has announced the current composition of its board of directors, which includes an executive chairman, several non-executive directors, an employee representative director, and independent non-executive directors. The...
Liaoning Port Schedules Online Briefing on Q1 2026 Results
May 15, 2026
Liaoning Port Co., Ltd. has announced it will hold an online investor briefing to discuss its first-quarter 2026 results, following publication of the report on the Shanghai and Hong Kong stock exchange websites. The session, scheduled for the mor...
Liaoning Port Keeps Below Minimum Public Float as HKEX Allows Transitional Fix
May 6, 2026
Liaoning Port Co., Ltd. has disclosed that the market value of its H shares held by the public stands at about HK$782 million, representing roughly 3.67% of the issued H-share class, leaving it below Hong Kong’s minimum public float requirem...
Liaoning Port Posts Sharply Higher Q1 2026 Profit Despite Weaker Cash Flow
Apr 28, 2026
Liaoning Port Co., Ltd. reported unaudited first-quarter 2026 results under PRC GAAP, showing operating income of RMB 2.61 billion, up 3.10% year-on-year, and a sharp improvement in profitability. Net profit attributable to equity holders rose 75....
Liaoning Port to Host Online Briefing on 2025 Annual Results
Apr 16, 2026
Liaoning Port Co., Ltd. has scheduled an online briefing session to discuss its 2025 annual results with investors, following the publication of its annual report on the Shanghai Stock Exchange website and its results announcement on the Hong Kong...
Liaoning Port Sets Board Meeting to Review First-Quarter 2026 Results
Apr 13, 2026
Liaoning Port Co., Ltd. has announced that its board of directors will convene a meeting on 28 April 2026 in Dalian to review and consider approval of the company’s unaudited first-quarter results for the period ended 31 March 2026. The sche...
Liaoning Port Removes Bankrupt Subsidiary DCT Logistics From Consolidated Accounts
Apr 8, 2026
Liaoning Port Co., Ltd. has announced that it has completed the accounting treatment for the deconsolidation of its subsidiary DCT Logistics Co., Ltd., in line with Chinese Accounting Standards for Business Enterprises. As a result, DCT Logistics,...
Liaoning Port Discloses Ongoing Shortfall in Hong Kong Public Float
Apr 2, 2026
Liaoning Port Co., Ltd. has disclosed that the market value of its H shares held by the public stands at about HK$796 million, representing roughly 3.67% of the relevant issued share class, which remains below Hong Kong’s minimum public floa...
Liaoning Port Co. Reports 2025 Audited Results With Slight Asset Decline and Higher Cash
Mar 26, 2026
Liaoning Port Co., Ltd. reported its audited annual results for the year ended 31 December 2025, prepared under China Accounting Standards for Business Enterprises and reviewed by ShineWing Certified Public Accountants. The Group operates a substa...
Liaoning Port Names New Joint Company Secretaries After Waiver From HKEX Rules
Mar 26, 2026
Liaoning Port Co., Ltd. has appointed Mr. Qu Shaoyong and Mr. Leung Chi Kit as joint company secretaries, with Qu also serving as an authorized representative and process agent in Hong Kong following the earlier resignation of the previous company...
Liaoning Port Proposes Final 2025 Dividend of RMB 0.0286 Per Share
Mar 26, 2026
Liaoning Port Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.0286 per share for the financial year ended 31 December 2025, with the payment date set for 1 September 2026. The Hong Kong dollar equivalent, exchange rate, ex-dividend ...
Liaoning Port Updates on Bankruptcy Liquidation of DCT Logistics Subsidiary
Mar 23, 2026
Liaoning Port Co., Ltd. has announced progress in the bankruptcy liquidation of its subsidiary DCT Logistics Co., Ltd., in which it indirectly holds a 100% equity interest through wholly owned subsidiaries. The Dalian Economic and Technological De...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.