Qinhuangdao Port Co., Ltd. Class H (HK:3369)
:3369
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Qinhuangdao Port Co., Ltd. Class H
(3369)
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Rating:75Outperform
Price Target:
HK$3.00
â–²(10.70% Upside)
Action:Reiterated
Date:05/02/26
The score is driven primarily by strong financial quality (solid margins, low leverage, positive and improving cash generation) and supportive valuation (low P/E with a meaningful dividend). Offsetting these positives, technical indicators are neutral-to-soft with price below longer-term moving averages and slightly negative MACD, suggesting limited near-term momentum.
Positive Factors
Business model / revenue mix
Qinhuangdao’s core is fee-based port services — cargo handling, berthing and logistics — a capital-intensive, long-lived asset base that generates recurring, volume-linked cash flows. Port positions benefit from high entry barriers and contractual/operational stickiness, supporting stable revenues over time.
Negative Factors
Rebound sustainability risk
The pronounced TTM rebound follows prior flat/declining results, implying gains may reflect cyclical recovery rather than structural growth. Port throughput is tied to commodity and macro cycles, so revenue and earnings may revert if volumes or trade patterns weaken over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model / revenue mix
Qinhuangdao’s core is fee-based port services — cargo handling, berthing and logistics — a capital-intensive, long-lived asset base that generates recurring, volume-linked cash flows. Port positions benefit from high entry barriers and contractual/operational stickiness, supporting stable revenues over time.
Read all positive factors
Qinhuangdao Port Co., Ltd. Class H (3369) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$20.63B
Dividend Yield3.47%
Average Volume (3M)23.74M
Price to Earnings (P/E)6.9
Beta (1Y)0.28
Revenue Growth6.08%
EPS Growth5.81%
CountryHK
Employees8,674
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.29
Shares Outstanding829,852,970
10 Day Avg. Volume3,704,600
30 Day Avg. Volume23,738,412
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.65
Price to Sales (P/S)1.96
P/FCF Ratio7.20
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)0.33
Revenue Forecast (FY)HK$7.44B
Qinhuangdao Port Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Qinhuangdao Port Co., Ltd. operates ports in Mainland China. The Company provides highly integrated port services, including stevedoring, stacking, warehousing, transportation, and logistics services; and handles various types of cargoes primarily...
How the Company Makes Money
The company primarily makes money by charging fees for port services provided to cargo owners, shippers, and shipping lines using its terminals and port infrastructure. Key revenue streams typically include: (1) cargo handling and terminal service...
Qinhuangdao Port Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.01B | 6.79B | 6.87B | 7.05B | 6.92B | 6.59B |
| Gross Profit | 2.88B | 2.76B | 2.60B | 2.10B | 2.65B | 2.50B |
| EBITDA | 1.99B | 1.57B | 2.89B | 3.46B | 2.92B | 2.81B |
| Net Income | 1.61B | 1.56B | 1.56B | 1.53B | 1.31B | 1.04B |
Balance Sheet | ||||||
| Total Assets | 27.65B | 27.82B | 27.88B | 28.03B | 27.94B | 27.78B |
| Cash, Cash Equivalents and Short-Term Investments | 2.95B | 2.85B | 4.28B | 2.84B | 4.85B | 4.05B |
| Total Debt | 4.10B | 3.87B | 5.20B | 6.13B | 6.91B | 7.33B |
| Total Liabilities | 6.00B | 6.27B | 7.61B | 8.65B | 9.72B | 10.87B |
| Stockholders Equity | 20.66B | 20.44B | 19.33B | 18.42B | 17.32B | 16.06B |
Cash Flow | ||||||
| Free Cash Flow | 1.77B | 1.85B | 1.37B | 1.33B | 1.72B | 1.18B |
| Operating Cash Flow | 2.70B | 2.72B | 2.42B | 2.39B | 2.43B | 2.51B |
| Investing Cash Flow | -1.53B | -1.37B | -789.92M | -2.74B | -464.68M | -1.86B |
| Financing Cash Flow | -1.69B | -1.62B | -1.57B | -1.41B | -1.09B | -264.77M |
Qinhuangdao Port Co., Ltd. Class H Technical Analysis
Negative
2.71
Price Trends
2.47
Negative
2.57
Negative
2.56
Negative
Market Momentum
-0.02
Positive
37.83
Neutral
6.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3369, the sentiment is Negative. The current price of 2.71 is above the 20-day moving average (MA) of 2.45, above the 50-day MA of 2.47, and above the 200-day MA of 2.56, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.83 is Neutral, neither overbought nor oversold. The STOCH value of 6.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3369.
Qinhuangdao Port Co., Ltd. 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$63.69B | 7.14 | 11.51% | 5.34% | 1.02% | 0.36% | |
75 Outperform | HK$20.63B | 6.93 | 7.93% | 3.47% | 6.08% | 5.81% | |
73 Outperform | HK$66.33B | 5.50 | 5.92% | 5.72% | 12.77% | -18.46% | |
73 Outperform | HK$38.71B | 9.45 | 3.62% | 3.23% | 8.66% | 53.27% | |
69 Neutral | HK$4.43B | 3.20 | 4.48% | 6.69% | -14.81% | -3.39% | |
67 Neutral | HK$20.79B | 7.64 | 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:3369
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Qinhuangdao Port Co., Ltd. Class H Corporate Events
Qinhuangdao Port Updates Final Dividend Schedule and Tax Details for 2025
Apr 28, 2026
Qinhuangdao Port Co., Ltd. has updated details of its proposed final dividend for the financial year ended 31 December 2025, maintaining a payout of RMB 1.15 per 10 shares, subject to shareholder approval on 26 June 2026. The company set an ex-div...
Qinhuangdao Port Posts Steady Q1 2026 Growth With Stronger Cash Flow
Apr 28, 2026
Qinhuangdao Port Co., Ltd. reported a modest improvement in first-quarter 2026 results, with operating revenue rising 3.93% year on year to RMB 1.67 billion and net profit attributable to shareholders edging up 1.69% to RMB 427.7 million. Net prof...
Qinhuangdao Port Sets 2025 AGM to Approve Results, Dividend and Remuneration Plans
Apr 28, 2026
Qinhuangdao Port Co., Ltd. has called its 2025 annual general meeting for 26 June 2026 in Qinhuangdao, Hebei Province, to present the board report, final financial results, and a 2025 profit distribution plan including a proposed final dividend. S...
Qinhuangdao Port Schedules Board Meeting to Approve First-Quarter 2026 Results
Apr 14, 2026
Qinhuangdao Port Co., Ltd., a major port operator based in Qinhuangdao, Hebei Province in the People’s Republic of China, runs its business as a joint stock limited liability company listed on the Hong Kong Stock Exchange under stock code 03...
Qinhuangdao Port Posts Q1 Throughput Growth on Strong Bulk and Container Volumes
Apr 8, 2026
Qinhuangdao Port Co., Ltd. reported that total cargo throughput across the group’s ports rose 7.77% year on year to 104.85 million tonnes in the first quarter of 2026, driven by solid gains in coal, metal ore, oil and liquefied chemicals, an...
Qinhuangdao Port Proposes 2025 Final Dividend and Sets Out H-Share Tax Terms
Mar 27, 2026
Qinhuangdao Port Co., Ltd. has proposed a final ordinary cash dividend of RMB 1.15 per 10 shares for the financial year ended 31 December 2025, with payment scheduled for 28 August 2026 following shareholder approval and final confirmation of curr...
Qinhuangdao Port Posts Higher 2025 Profit and Proposes Steady Dividend
Mar 27, 2026
Qinhuangdao Port Co., Ltd. Class H reported revenue of RMB6.99 billion for the year ended 31 December 2025, up 1.75% from a year earlier, with net profit rising 5.29% to RMB1.66 billion and profit attributable to shareholders increasing 2.64% to R...
Qinhuangdao Port Schedules Board Meeting to Approve 2025 Results and Consider Dividend
Mar 13, 2026
Qinhuangdao Port Co., Ltd. has scheduled a board meeting for 27 March 2026 to review and approve the annual results for the year ended 31 December 2025. The board will also consider whether to recommend a dividend, a decision that could affect sha...
Qinhuangdao Port Overhauls Board Leadership as Shareholders Back New Chairman
Feb 27, 2026
Qinhuangdao Port Co., Ltd. held an extraordinary general meeting on 27 February 2026 in Qinhuangdao, where shareholders representing about 80% of the company’s issued share capital participated, and all procedures were confirmed as compliant...
Qinhuangdao Port Details Board Composition and Committee Roles
Feb 27, 2026
Qinhuangdao Port Co., Ltd. announced the current composition of its Board of Directors, including executive, non-executive, independent non-executive, and employee representative directors, with Mr. Zhang Zhihui serving as chairman. The company al...
Qinhuangdao Port Updates Major Maritime Litigation Cases Involving Over RMB1.2 Billion
Feb 6, 2026
Qinhuangdao Port Co., Ltd. has provided an update on several previously undisclosed litigations and arbitrations involving the group, mainly related to maritime tort disputes connected to its port operations. In the case brought by Shaanxi Blower ...
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.