Zhuhai Port (000507) released Q3 quarterly report that the company achieved operating income of 4.68 billion yuan from January to September 2021, an increase of 101% over the same period last year, and realized a net profit of 280 million yuan belonging to shareholders of listed companies, an increase of 86% over the same period last year. In the Q3 quarter alone, operating income grew by 94% compared with the same period last year, and net profit from home increased by 109% compared with the same period last year.
Comment
With the concerted efforts of the three plates, there are bright spots in the performance of the holding subsidiary and a layout in the future.
1. Port, shipping and logistics plate
The business volume of Xinghua Port has continued to grow steadily this year. The company has built a fleet of more than 10 ships, with tonnages ranging from 3,000 tons to 20,000 tons, and undertakes inland river and coastal transport with the help of the peak season of freight rates.
2. New energy plate
Join hands with Tianlun Gas to develop the national natural gas market; subsidiary Gangsheng operates the wind power business, reporting a profit of 78.4 million in half a year, an increase of 68% over the same period last year, and is promoting the declaration of the selected layer of the new third board; the holding subsidiary Xiuqiang layout photovoltaic module and components manufacturing business.
3. Advanced manufacturing plate
Shares in Coke Beverage Company contributed nearly 20 million of profits in the first half of the 21st century, and it is still in the process of expanding production capacity. Traditional consumer glass to achieve part of the contract price increase, to alleviate the pressure of price increase of raw materials.
Investment rating
Continue to recommend, raise the company's EPS for the next 3 years to 0.41,0.48,0.53 respectively.
Risk hint
The progress of the new energy sector is not as expected, and the port logistics business volume and freight rates are falling too fast.