Nanjing Port (002040) is located in the golden waters of the Nanjing section of the Yangtze River. It is the largest port enterprise for the transit and storage of petroleum and liquid chemical products in inland rivers in China. In recent years, with the opening of Sinopec's Yizheng to Changling Yangtze River Oil Pipeline (“Yichang Pipeline”), the company's main source of profit has been greatly affected by the crude oil transit business. In terms of epitaxial expansion, increasing the “Longtan Container” equity is a hot topic of market attention and is also regarded as a major fulcrum of performance growth. Through this survey, we believe that since the crude oil business is greatly affected by the “Yichang Pipeline”, the refined oil products and liquid chemical business have little effect on improving performance, the company's operating performance will experience a relatively low in 2007, and subsequent growth will also be relatively moderate; in the medium to long term, the container business may be the driving force for future performance growth. The company's performance for 07/08 is expected to be 0.11 and 0.14 yuan. Based on the EPS calculation of 0.14 yuan in 2008, the dynamic PE was 48 times, and the company's performance growth in the next few years was not very clear, giving it a “neutral-B” rating.