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Liaoning Port Company Limited Class H (HK:2880)
:2880

Liaoning Port Company Limited Class H (2880) AI Stock Analysis

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HK:2880

Liaoning Port Company Limited Class H

(2880)

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Outperform 72 (OpenAI - 5.2)
Rating:72Outperform
Price Target:
HK$0.92
â–²(10.96% Upside)
Action:UpgradedDate:01/14/26
The score is driven primarily by solid financial performance (strong recent free cash flow and conservative leverage), supported by reasonable valuation (P/E ~12.1 and ~3.15% dividend yield). These positives are tempered by a mixed technical picture with slightly negative MACD and an overbought stochastic reading.
Positive Factors
Strong free cash flow generation
Consistent and rising free cash flow (FCF up 38.3% TTM) indicates the core port operations convert revenue into cash effectively. Durable cash generation supports maintenance capex, dividends, debt service and selective investments, strengthening resilience through trade cycles.
Conservative balance sheet leverage
Debt-to-equity around 0.25 signals low financial leverage and substantial capacity to absorb downturns. A conservative capital structure provides management flexibility to fund infrastructure maintenance, opportunistic expansion or weather demand shocks without materially stressing liquidity.
Improving margins and modest revenue recovery
TTM revenue resumed modest growth and net margin improved to ~13%, reflecting better operational efficiency or pricing in port services. Sustained margin recovery would enhance durable earnings power given scale advantages and sticky fee-based revenue in logistics and cargo handling.
Negative Factors
Choppy multi-year revenue trends
Repeated revenue declines in prior years show the business is sensitive to cyclical cargo volumes and regional industrial activity. Persistent top-line volatility undermines predictability of cashflows, complicates capacity planning and weakens long-term earnings compounding.
Low return on equity
ROE near 3.7% indicates limited effectiveness converting equity into profits, constraining shareholder value creation. Low capital efficiency limits the firm's ability to self-fund growth or materially lift dividends, making long-term returns dependent on operational improvement or strategic change.
Concentration to regional trade volumes
Business concentration in Liaoning and reliance on bulk, container and regional cargo ties revenues closely to local industrial cycles, trade patterns and policy. Limited geographic diversification raises structural exposure to localized demand shocks and regulatory or infrastructure shifts.

Liaoning Port Company Limited Class H (2880) vs. iShares MSCI Hong Kong ETF (EWH)

Liaoning Port Company Limited Class H Business Overview & Revenue Model

Company DescriptionLiaoning Port Co., Ltd., together with its subsidiaries, provides port and logistics services in Mainland China. The company offers oil/liquefied chemicals terminal and related logistics, and trading services for loading and discharging, storage, and transshipment of oil products and liquefied chemicals; and port management services. It also provides container terminal and related logistics services for loading and discharging, storage, and transshipment of containers; and various container logistics services, as well as leases terminals and sells properties. In addition, the company offers bulk and general cargo terminal and related logistics services for loading and discharging general cargo and ore, as well as trades in steel. Further, it provides bulk grains terminal, and related logistics and trading services for loading and discharging of grains and trades in unprocessed grains; passenger, roll-on and roll-off terminal, and related logistics services; and port value-added and related ancillary services, including tallying, tugging, transportation, power supply, information technology, and construction. Additionally, the company offers automobile terminal, and related logistics and trading services for loading and discharging automobile. The company was formerly known as Dalian Port (PDA) Company Limited and changed its name to Liaoning Port Co., Ltd. in January 2021. Liaoning Port Co., Ltd. was founded in 2005 and is headquartered in Dalian, the People's Republic of China.
How the Company Makes MoneyLiaoning Port Company generates revenue through multiple streams, primarily from port operations and logistics services. Key revenue sources include cargo handling fees charged to shipping companies for loading and unloading goods, storage fees for goods held at the port facilities, and transportation services that link the port to inland logistics networks. Additionally, the company may earn income through value-added services such as customs clearance and warehousing. Strategic partnerships with shipping lines and logistics companies further enhance its revenue potential by increasing cargo throughput and optimizing service offerings. Economic factors, such as trade volumes and regional industrial activity, also significantly influence the company’s profitability.

Liaoning Port Company Limited Class H Financial Statement Overview

Summary
Financials are solid with improving TTM profitability and strong cash generation (free cash flow up +38.3% and strong cash conversion). Balance sheet leverage is conservative (debt-to-equity ~0.25), supporting resilience. Offsetting factors are uneven multi-year revenue/earnings and modest ROE (~3.7%), which cap the score.
Income Statement
74
Positive
TTM (Trailing-Twelve-Months) revenue returned to modest growth (+3.6%) after the 2024 decline, and profitability improved with higher gross and net margins versus 2024 (net margin ~13.0% vs ~10.3%). Longer-term, revenue has been choppy (down in 2022 and 2024), and net income remains below the 2021 peak, indicating earnings are solid but not consistently compounding.
Balance Sheet
77
Positive
Leverage looks conservative with debt-to-equity around 0.25 in TTM (Trailing-Twelve-Months), remaining stable and well below the higher 2020 level. Equity has grown over time, supporting balance-sheet resilience. The main drawback is modest shareholder returns (TTM return on equity ~3.7%), suggesting the company is financially stable but not highly efficient at generating profits from its capital base.
Cash Flow
82
Very Positive
Cash generation is a clear strength: TTM (Trailing-Twelve-Months) operating cash flow increased and free cash flow surged (+38.3%), with free cash flow exceeding reported net income (free cash flow to net income ~0.89) and strong cash conversion. However, coverage metrics were notably weaker in prior years (2021–2024), pointing to some historical volatility in cash flow quality despite the strong recent TTM result.
BreakdownTTMDec 2024Dec 2023Mar 2023Dec 2021Dec 2020
Income Statement
Total Revenue11.54B11.07B12.22B11.98B12.35B6.66B
Gross Profit3.13B2.38B3.39B3.10B3.83B2.24B
EBITDA3.54B4.58B4.79B4.76B5.52B5.32B
Net Income1.50B1.14B1.34B1.32B1.92B812.64M
Balance Sheet
Total Assets57.34B59.79B56.35B57.61B57.81B34.53B
Cash, Cash Equivalents and Short-Term Investments5.76B5.28B5.23B5.09B4.68B5.42B
Total Debt10.28B10.07B8.53B12.81B9.30B10.49B
Total Liabilities13.15B16.38B13.62B15.87B16.76B12.50B
Stockholders Equity40.39B39.80B39.60B38.65B37.95B19.35B
Cash Flow
Free Cash Flow5.70B3.65B2.67B-21.57M-1.43M1.83B
Operating Cash Flow4.41B4.29B3.34B3.41B3.82B2.10B
Investing Cash Flow-402.72M-221.38M-349.15M-3.10B-2.69B480.98M
Financing Cash Flow-4.43B-4.02B-3.03B286.46M-3.86B-2.11B

Liaoning Port Company Limited Class H Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.83
Price Trends
50DMA
0.86
Positive
100DMA
0.87
Positive
200DMA
0.84
Positive
Market Momentum
MACD
0.03
Negative
RSI
84.32
Negative
STOCH
82.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2880, the sentiment is Positive. The current price of 0.83 is below the 20-day moving average (MA) of 0.91, below the 50-day MA of 0.86, and below the 200-day MA of 0.84, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 84.32 is Negative, neither overbought nor oversold. The STOCH value of 82.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2880.

Liaoning Port Company Limited Class H Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
HK$22.03B8.918.26%3.47%3.31%2.16%
75
Outperform
HK$71.74B4.196.71%5.72%9.00%-4.33%
72
Outperform
HK$40.67B14.713.65%3.23%-0.18%24.50%
71
Outperform
HK$4.36B2.894.48%6.69%-0.49%-8.15%
70
Outperform
HK$65.51B8.0012.29%5.34%3.68%7.86%
67
Neutral
HK$1.11B4.345.82%4.86%-13.14%-22.67%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2880
Liaoning Port Company Limited Class H
0.98
0.30
45.19%
HK:0144
China Merchants Port Holdings Co
16.71
4.69
39.02%
HK:3382
Tianjin Port Development Holdings
0.68
0.07
12.03%
HK:3369
Qinhuangdao Port Co., Ltd. Class H
2.73
0.72
36.02%
HK:6117
Rizhao Port Jurong Co. Ltd. Class H
0.67
-0.03
-4.29%
HK:6198
Qingdao Port International Co Ltd Class H
7.26
1.54
26.92%

Liaoning Port Company Limited Class H Corporate Events

Liaoning Port Announces Wave of Senior Resignations and Moves to Restore HK Compliance
Jan 26, 2026

Liaoning Port Co., Ltd. has announced a series of senior management changes, including the resignation of board secretary and company secretary Wang Huiying, deputy general managers Li Guodong and Li Shuibo, and chief financial officer Tang Ming, all effective 26 January 2026, with none of the departing executives reporting any disagreement with the board or management. The board has temporarily assigned executive director and general manager Wei Minghui to perform the duties of board secretary while the company searches for new appointees to fill the vacant roles of company secretary, authorized representative and process agent to restore full compliance with Hong Kong listing requirements, and it has also disclosed that Zenith Assets & Real Estate Appraisal Co., Ltd. acted as the independent valuer for earlier connected transactions involving the purchase of quay cranes and tugboats.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$0.89 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Wins Minority Backing to Extend Key Shareholder Commitments
Dec 23, 2025

Shareholders of Liaoning Port Co., Ltd. approved an ordinary resolution at an extraordinary general meeting held on 23 December 2025 in Dalian, with the motion to extend the commitment period of CMG, Liaoning Port Group and Yingkou Port Group passing by a wide margin. Due to their connected status, CMG and its associates, which hold about 71% of the company’s issued share capital, abstained from voting, leaving approximately 6.84 billion shares eligible to vote and around 942 million shares actually voted; the strong support from minority shareholders formalizes the commitment extension and underscores continued backing from key stakeholders, which may provide stability to the company’s capital and governance arrangements.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port in RMB67 Million Connected Deal for Quay Cranes and Vessels
Dec 23, 2025

Liaoning Port Company Limited has entered into connected transactions to purchase two quay cranes and tugboats-related assets from Dandong Port Group, a connected party through the company’s indirect controlling shareholder, for a total consideration of approximately RMB67.24 million. The Bulk Grain Terminal Branch will acquire two quay cranes for RMB9.35 million, while wholly owned subsidiary Yingkou Ltd. will purchase vessels for RMB57.90 million, with delivery and payment structured around completion and on-site inspection; under Hong Kong listing rules the aggregated deal qualifies as a connected transaction requiring reporting and announcement but is exempt from circular and independent shareholder approval, highlighting ongoing intra-group asset optimization that could enhance port handling capacity while maintaining regulatory compliance.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Says Subsidiary DCT Logistics Enters Court-Accepted Bankruptcy Liquidation
Dec 19, 2025

Liaoning Port Co., Ltd. has announced that the Dalian Economic and Technological Development Zone People’s Court has formally accepted a bankruptcy liquidation application for its subsidiary DCT Logistics Co., Ltd., in which the group holds an indirect 100% equity interest through two wholly owned subsidiaries. The company emphasized that DCT Logistics is an independent legal entity and that neither the listed parent nor its other subsidiaries bear guarantee responsibilities or joint liabilities for the subsidiary’s debts, and it expects the bankruptcy to have no impact on the group’s current production and operations and no material effect on profits in the current or future periods, though final implications will depend on the outcome of the liquidation process and related audits.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co., Ltd. Appoints New Deputy General Manager
Dec 9, 2025

Liaoning Port Co., Ltd. has announced the appointment of Mr. Meng Tiexiang as a deputy general manager, effective from December 9, 2025. Mr. Meng brings extensive experience from his previous roles in Sinotrans Liaoning Company Limited and Sinotrans Northeast Co., Ltd. This appointment is expected to strengthen the company’s management team and potentially enhance its operational efficiency.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co. Ltd. Announces Board Composition and Roles
Dec 9, 2025

Liaoning Port Company Limited Class H has announced the composition of its board of directors and the roles they will undertake. The board includes executive, non-executive, employee representative, and independent non-executive directors, with specific members assigned to various committees such as Strategic and Sustainable Development, Nomination and Remuneration, Audit, and Financial Management. This announcement clarifies the leadership structure and committee responsibilities, which could impact the company’s strategic direction and governance.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co. Strengthens Board Committees with New Appointment
Dec 9, 2025

Liaoning Port Company Limited has announced changes in the composition of its board committees. Mr. Liu Bin has been appointed as a member of the strategic and sustainable development committee, the audit committee, and the financial management committee. This appointment ensures compliance with Rule 3.21 of the Listing Rules, indicating a strategic move to strengthen governance and oversight within the company.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co. Announces Director Appointment and Articles Amendment
Dec 4, 2025

Liaoning Port Company Limited, a sino-foreign joint stock company incorporated in China, held an Extraordinary General Meeting (EGM) on December 4, 2025, where all proposed resolutions were passed. The meeting resulted in the appointment of Mr. Liu Bin as a non-executive director and approved amendments to the company’s Articles of Association. The resolutions were passed with significant shareholder support, indicating strong backing for the company’s strategic decisions.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Company Limited Announces Board Composition and Committee Roles
Dec 4, 2025

Liaoning Port Company Limited Class H has announced the composition of its board of directors and the roles each member will undertake. This announcement includes the appointment of executive, non-executive, and independent non-executive directors, as well as the assignment of members to various committees such as the Strategic and Sustainable Development Committee, Nomination and Remuneration Committee, Audit Committee, and Financial Management Committee. These appointments are expected to enhance the company’s governance and strategic direction, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co. Announces EGM to Discuss Commitment Period Extension
Dec 2, 2025

Liaoning Port Company Limited has announced an Extraordinary General Meeting (EGM) scheduled for December 23, 2025, to discuss and potentially approve the extension of the commitment period by CMG, Liaoning Port Group, and Yingkou Port Group. This meeting is significant as it could impact the company’s operational commitments and strategic partnerships, potentially influencing its market positioning and stakeholder relations.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co. Ltd. Announces EGM to Discuss Key Resolutions
Nov 13, 2025

Liaoning Port Company Limited has announced an extraordinary general meeting (EGM) scheduled for December 4, 2025, to discuss several key resolutions. These include proposed amendments to the Articles of Association, the purchase of liability insurance for directors and senior management, and the election of Mr. Liu Bin as a non-executive director. These resolutions, if approved, could impact the company’s governance structure and risk management policies, potentially influencing its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co., Ltd. Announces Deputy General Manager’s Resignation
Nov 10, 2025

Liaoning Port Co., Ltd. has announced the resignation of Mr. Yin Kaiyang from his position as deputy general manager, effective November 10, 2025, due to a work arrangement adjustment. The company expressed gratitude for Mr. Yin’s contributions, and his departure is not expected to impact the company’s operations or stakeholder interests, as there are no disagreements or issues to address.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Announces Q3 2025 Results Briefing Session
Nov 3, 2025

Liaoning Port Company Limited has announced a briefing session to discuss its third quarterly results for 2025. The session, scheduled for November 10, 2025, aims to provide investors with a comprehensive understanding of the company’s business operations and financial condition during the third quarter. Key company executives will participate in the online event to address investor inquiries and ensure transparency in information disclosure.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co. Ltd. Appoints New Employee Representative Director
Oct 31, 2025

Liaoning Port Company Limited has announced the election of Ms. Zhang Hong as the employee representative director for the seventh session of its board. Ms. Zhang, who has a strong background in legal and risk management roles within the company, will serve without additional emoluments. Her appointment reflects the company’s adherence to regulatory frameworks and its commitment to involving employee representatives in governance.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Company Limited Announces Board Composition and Committee Roles
Oct 31, 2025

Liaoning Port Company Limited Class H has announced the composition of its board of directors, detailing the roles and functions of each member. The announcement includes the appointment of executive, non-executive, and independent non-executive directors, as well as the members of various committees such as the Strategic and Sustainable Development Committee, Nomination and Remuneration Committee, Audit Committee, and Financial Management Committee. This update is significant for stakeholders as it outlines the leadership structure and governance framework, which could impact the company’s strategic direction and operational management.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Reports Mixed Q3 2025 Financial Results
Oct 30, 2025

Liaoning Port Company Limited has released its unaudited financial results for the third quarter of 2025, showing a mixed performance. While the company reported a 6.11% increase in operating income for the quarter, net profit attributable to shareholders decreased by 30% compared to the same period last year. However, from the beginning of the year to the end of the reporting period, net profit attributable to shareholders increased by 37.51%, and net cash flows from operating activities saw a significant rise of 83.40%. These results indicate a strong operational cash flow and improved profitability over the year, despite the quarterly decline in net profit.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co., Ltd. Nominates New Non-Executive Director
Oct 30, 2025

Liaoning Port Co., Ltd. announced the nomination of Mr. Liu Bin as a non-executive director for the seventh session of the Board. Mr. Liu brings extensive experience from various leadership roles in the port industry, which could strengthen the company’s strategic direction and governance. His election is subject to approval at the company’s general meeting.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

Liaoning Port Co., Ltd. Completes Major Share Repurchase and Amends Articles of Association
Oct 30, 2025

Liaoning Port Co., Ltd. has announced the completion of a significant share repurchase, buying back 333,707,456 shares through centralized price bidding, which were subsequently canceled. This move reduces the company’s registered capital and necessitates amendments to its Articles of Association, reflecting the updated share and capital structure. These changes are in compliance with relevant Chinese securities regulations and aim to optimize the company’s financial management and shareholder value.

The most recent analyst rating on (HK:2880) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Liaoning Port Company Limited Class H stock, see the HK:2880 Stock Forecast page.

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.Date of analysis: Jan 14, 2026