Asia300

China Merchants Port Holdings Co., Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 27, 2017
Prev close: 22.3
Mar 27, 2017
Market cap:
Market cap(USD):
58,553.86M
7,538.65M
Shares: 2,625.73M

Currency in HKD

Company profile

Market(Ticker): HKG(144)
Sector:
Industry:
Transportation
Other Transportation
Full time employees: 5,776

Business summary

China Merchants Port Holdings Co., Ltd. engages in ports operation, bonded logistics and cold chain operations, property development and investment. The company operates through the following business segments: Ports Operation, Bonded Logistics and Cold Chain Operations, Port-related Manufacturing Operations and Other Operations. The Ports Operation segment includes container terminal operation, bulk and general cargo terminal operations. The Bonded Logistics and Cold Chain Operations segments include logistic park operation, ports transportation, cold storage and logistics operation and airport cargo handling. The Port-related Manufacturing Operations segment includes construction of modular housing and container manufacturing. Its port network expands across the Bohai Economic Zone, the Yangtze River Delta, the Xiamen Bay Economic Zone, the Pearl River Delta, and the Southwest region includes the coastal hub ports in Hong Kong, Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin, Xiamen Bay and Zhanjiang. China Merchants Holdings is also developing marine logistics services relating to the port industry, which include the Bonded Logistics Park in Shenzhen, Qingdao and the Tianjin Haitian Bonded Logistics Zone, apart from the fast and safe information platforms serving for its terminals, logistics parks and customers, and the South China Shuttle Barge Services to Shenzhen western terminals. China Merchants Port Holdings was founded in May 28, 1991 and is headquartered in Hong Kong.

Company background

China Merchants Port Holdings is China's stated-owned port operator. Its parent company China Merchants Group was the first Chinese company to operate commercial vessels, establish an insurance company and a bank. The company's predecessor was founded in 1991 in Hong Kong and in 1997 changed to its current name.

The company has port facilities in Hong Kong and mainland China, including in Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin and Xiamen. It also operates overseas, including in Nigeria and Djibouti among other African countries, South Asia and Europe. The company has about 130 berths for loading and unloading at wharves and piers around the world, accommodating 60 million containers. It has more than a 30% share of the berths in mainland China.

In recent years, the company has stepped up its upgrade of port facilities overseas as part of China's "Maritime Silk Road" plan. Proposed by Chinese President Xi Jinping, the sea routes are aimed at connecting China to Europe via Southeast Asia and the Middle East.

In 2014, the company held a groundbreaking ceremony for a new container terminal at the Port of Colombo, Sri Lanka. Worth more than $500 million, the terminal is one of the country's largest foreign investment projects. China Merchants Holdings (International) is also helping fund a $10 billion port in Bagamoyo, Tanzania. The port, which is being promoted by the Tanzanian government, is likely to become the largest in Africa.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 8,233M
Gross profit 3,595M
Operating income 2,642M
Income before tax 2,281M
Net income 4,808M
EBITDA 3,850M
Diluted EPS 1.54
Dividends per share 0.77
Total assets 102,349M
Total liabilities 40,924M
Total equity 53,604M
Operating cash flow 5,003M

Currency in HKD

Revenue 1,061.96M
Gross profit 463.71M
Operating income 340.79M
Income before tax 294.22M
Net income 620.18M
EBITDA 496.60M
Diluted EPS 0.19
Dividends per share 0.09
Total assets 13,206.06M
Total liabilities 5,280.41M
Total equity 6,916.51M
Operating cash flow 645.33M

Currency in USD

Valuation measures

Dec 2015

PER 15.89
ROA 4.69%
ROE 9.09%
Operating margin 32.09%
Profit margin 58.39%

Key executive

  • Managing Director & Executive Director: Jing Tao Bai
  • Chief Financial Officer: Sheng Zhou Lu
  • Executive Director & Deputy General Manager: Zhi Xian Wang
  • Overseas Operation Officer: Yun Shu Liu
  • Deputy General Manager-Finance: Ling Wen

Share holders

  • China State-Owned Assets Supervision & Admn Commission(54.7%)
  • UBS AG (Investment Management)(2.0%)
  • The Vanguard Group, Inc.(1.4%)
  • CAPFI DELEN Asset Management SA(1.4%)
  • Colonial First State Asset Management (Australia) Ltd.(1.2%)
  • Harding Loevner LP(1.1%)
  • Causeway Capital Management LLC(1.0%)
  • Eastspring Investments (Singapore) Ltd.(0.9%)
  • BlackRock Fund Advisors(0.9%)
  • Thornburg Investment Management, Inc.(0.8%)

Address

  • Website: http://www.cmport.com.hk
  • Address: 38th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, Hong Kong
  • Phone: +852.2102.8888

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.