Understanding the Market | QHD PORT rises over 5% again, with a 22% year-on-year increase in net profit for the third quarter and throughput expected to continue to grow slightly
QHD PORT's stock price rose over 5% again, as of the time of writing, it increased by 3.11%, reaching HKD 2.98, with a trading volume of HKD 86.1783 million. The company released its third-quarter performance, with revenue of 1.761 billion yuan, a year-on-year increase of 9.51%; net profit of 403 million yuan, a year-on-year increase of 22.61%. In the first three quarters, revenue was 5.212 billion yuan, a year-on-year increase of 2.81%; net profit was 1.391 billion yuan, a year-on-year increase of 3.87%. The growth in performance is attributed to increased customer marketing efforts and higher profits from subsidiaries. It is expected that the throughput of coal and iron ore will maintain stable growth
According to Zhitong Finance APP, QHD PORT (03369) has risen over 5% again, as of the time of writing, it is up 3.11%, priced at HKD 2.98, with a transaction volume of HKD 86.1783 million.
In terms of news, on October 28, QHD PORT released its performance report, showing third-quarter revenue of 1.761 billion yuan, a year-on-year increase of 9.51%; net profit of 403 million yuan, a year-on-year increase of 22.61%. For the first three quarters, revenue was 5.212 billion yuan, a year-on-year increase of 2.81%; net profit was 1.391 billion yuan, a year-on-year increase of 3.87%. The growth in performance is mainly attributed to the group's increased marketing efforts towards customers and the profitability increase of some subsidiaries.
Tianfeng Securities previously released a research report stating that QHD PORT's coal throughput is related to the coal transportation volume of the Daqin Railway, maintaining a ratio of about 54% from 2014 to 2024. QHD PORT will continue to focus on market marketing, optimize the source structure, and create space for the increase of quality sources, with coal throughput expected to remain stable. QHD PORT's metal ore throughput is related to the national iron ore import volume, maintaining a ratio of about 11% from 2014 to 2024, with an upward trend from 2019 to 2024. QHD PORT will continue to strengthen relationship management with customers and jointly explore the market, with iron ore throughput expected to continue to grow. With the gradual recovery of the global economy, international trade volume is expected to increase, and QHD PORT's bulk cargo business is expected to grow
