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Transportation

China Merchants Port Holdings Co., Ltd.

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 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 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. The company was founded in May 28, 1991 and is headquartered in Hong Kong.

Financial Highlights

Dec 2018 HKDUSD
Revenue10,160M1,296.32M
Gross Profit4,345M554.38M
Operating income2,627M335.18M
Income before tax9,250M1,180.21M
Net income7,245M924.39M
EBITDA4,319M551.06M
Diluted EPS2.190.28
Dividends Per Share0.950.12
Total Assets139,937M17,873.38M
Total liabilities51,933M6,633.11M
Total equity75,321M9,620.33M
Operating cash flow4,831M616.39M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 8,257M 8,233M 7,976M 8,692M 10,160M
Gross Profit 3,472M 3,595M 3,317M 3,405M 4,345M
Operating income 2,503M 2,642M 2,336M 2,310M 2,627M
Income before tax 1,732M 2,281M 2,997M 7,445M 9,250M
Net income 4,526M 4,808M 5,494M 6,028M 7,245M
EBITDA 3,764M 3,850M 3,590M 3,658M 4,319M
Diluted EPS 1.59 1.54 1.75 1.83 2.19
Dividends Per Share 0.77 0.77 0.87 0.81 0.95
Total Assets 102,436M 102,349M 103,113M 131,951M 139,937M
Total liabilities 42,570M 40,924M 44,594M 42,310M 51,933M
Total equity 52,150M 53,604M 50,689M 73,447M 75,321M
Operating cash flow 2,967M 5,003M 3,874M 4,393M 4,831M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,064.77M 1,061.96M 1,027.50M 1,115.38M 1,296.32M
Gross Profit 447.72M 463.71M 427.31M 436.94M 554.38M
Operating income 322.77M 340.79M 300.93M 296.42M 335.18M
Income before tax 223.34M 294.22M 386.08M 955.36M 1,180.21M
Net income 583.64M 620.18M 707.76M 773.53M 924.39M
EBITDA 485.38M 496.60M 462.48M 469.40M 551.06M
Diluted EPS 0.20 0.19 0.22 0.23 0.28
Dividends Per Share 0.09 0.09 0.11 0.10 0.12
Total Assets 13,209.28M 13,206.06M 13,299.49M 16,879.35M 17,873.38M
Total liabilities 5,489.46M 5,280.41M 5,751.72M 5,412.35M 6,633.11M
Total equity 6,724.82M 6,916.51M 6,537.85M 9,395.44M 9,620.33M
Operating cash flow 382.60M 645.33M 499.06M 563.72M 616.39M

Valuation Measures

Dec 2018
PER6.42
ROA5.32%
ROE9.73%
Operating margin25.85%
Profit margin71.30%

Key executives

  • Managing Director & Executive Director: Jing Tao Bai
  • Chief Financial Officer: Ling Wen
  • Executive Director & Deputy General Manager: Zhi Xian Wang
  • General Manager-Audit Department: Jian Li Zhao
  • Executive Director & Deputy General Manager: Shao Ping Zheng

Shareholders

  • China Merchants Port Group Co., Ltd. (40.5%)
  • China Merchants Union BVI Ltd. (22.0%)
  • The Vanguard Group, Inc. (1.3%)
  • BlackRock Fund Advisors (1.2%)
  • Eastspring Investments (Singapore) Ltd. (1.1%)
  • Causeway Capital Management LLC (1.0%)
  • Hermes Investment Management Ltd. (0.8%)
  • RARE Infrastructure Ltd. (Investment Management) (0.6%)
  • Colonial First State Asset Management (Australia) Ltd (0.5%)
  • Dimensional Fund Advisors LP (0.4%)

Contact Details

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

Related Companies

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  • Mega Shekou Container Terminals Ltd.
  • Team Able International Ltd.
  • China Merchants Port Development (Shenzhen) Co., Ltd.
  • China Merchants Hldgs International China Investment Co. Ltd.
  • Park Base Investments Ltd.
  • CMHI Caymans, Inc.
  • Ningbo China Merchants International Terminals Ltd.
  • CMHI Finance (Cayman), Inc.
  • CM Houlder (SEA) Pte. Ltd.
  • CM Houlder Insurance Brokers (Singapore) Pte. Ltd.
  • Shenzhen Malai Storage Co. Ltd.
  • China Merchants (Luxembourg) SARL
  • China Merchants Holdings (Djibouti) FZE
  • China Merchants Finance Co. Ltd.
  • China Merchants Bonded Logistics Co., Ltd.
  • Colombo International Container Terminals Ltd.
  • CMH International (China) Investment Co. Ltd.
  • China Merchants International Port Ningbo Co. Ltd.
  • Boom Day Holdings Ltd.
  • China Merchants Port Service Qingdao Co., Ltd.
  • Shenzhen China Merchants Venture Co., Ltd.
  • Shenzhen China Merchants Real Estate Co., Ltd.
  • Shenzhen China Merchants Petrochemical Co. Ltd.
  • China Merchants International Co. Ltd.
  • China Merchants Jinshan Industrial Zone Co. Ltd.
  • China Merchants Transportation Holdings Co. Ltd.
  • China Merchants Godown Wharf & Transportation Co. Ltd.
  • China Merchants Container Services Ltd.
  • Chinaberry Ltd.

Competitors

  • Nippon Yusen Kabushiki Kaisha
Last Updated on 11 Oct, 2019

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