Q3 report of the list companies in China has been announced with overall good performance of the listed port enterprises. The writer will analyze terms of net profit, earnings per share, cash flow and net profit growth on Q3 report of the large port listed enterprises

Tianjin Port

Tianjin Port has gained net profit of 909 million yuan in the first three quarters of 2014, increasing by 8.27% with earnings per share of 0.54 yuan. The operating revenue reached 17876 million yuan with a rise of 54.24%. Tianjin Port said that the sales revenue has grew up during the report period. In addition, public subsidy has been improved and non business income gained y-o-y growth. To sum up, the net profit has climbed during the report period.

Rizhao Port

Seeing from Q3 repot, Rizhao port has released the operating of 3860 million yuan with a growth of 3.19%. The net profit gained 570 million yuan with a drop of 6.80%and earnings per share was 0.185 yuan.

The achievements were slightly lower than expected. The quarterly income was 1246 million yuan and net profit was 168 million yuan, respectively increasing by 0.63% and falling by 17.14% year-on-year and declining by 3.04% and 26.21% month-on-month.

The cargo throughput in Rizhao Port in the first nine months of 2014 has decreased 1.28% to 182 miilion tons. The foreign container throughput went down 1.8%% to 140 million tons. The domestic container throughput which attributed more in 1H saw downtrend in Q3, completing 11.6 million tons, dropping by 31% from Q2.

Ningbo Port

The operating revenue in Ningbo Port was 9372 million yuan with a rise of 8.15%. The net profit was 2377 million yuan, increasing by 3.99% and earnings per share was 0.19 yuan with a rise of 5.56%.

Shanghai Port

Shanghai Port has gained net profit of 4679 million yuan in the first three quarters of 2014, increasing by 18.07%, the growth of which was expanded than 1H. The operating revenuereached 21412 million yuan with a rise of 1.35%. The port has exchanged equity of Chongqing Donggang Container Wharf Company, no longer absorbing consolidated statements and reducing 830 million yuan construction in process.

Net profit in 1H reached 2932 million yuan with a rise of 14.95%. The operating revenue was 13796 million yuan with a growth of 0.45%.

Yantian Port

During the first nine months of 2014, Yantian Port saw net profit of 345 million yuan with a growth of 19.03%. Earnings per share was 0.1777 yuan. The operating revenue reached 221 million yuan with a drop of 1.54% in Q1-Q3. The operating revenue from July to September was 82760500 yuan, increasing by 1.33% with net profit of 121 million yuan. Earnings per share was 0.0625 yuan.

In recent days, the integration of Beijing, Tianjin and Hebei, Tianjin free trade zone, Yangtze Economic belt and the newly opening plan of ports will drive the price of port stocks.