国联证券指出，外需景气相对回落，代理货量增速放缓，公司代理业务受出口景气度影响较大；内需相对走弱，合同物流承压。展望未来，随着国内刺激政策出台，内需逐步恢复，公司专业物流业务或可筑底反弹。此外，公司股息率依旧具备吸引力。Sinotrans Limited (00598) fell more than 7% after the performance announcement, as of the publication, down 7.14%, at HKD 3.64, with a turnover of 37.2377 million Hong Kong dollars.
According to the Wisdom Finance APP, Sinotrans Limited (00598) fell more than 7% after the performance announcement, down 7.14% as of publication, at HKD 3.64, with a turnover of 37.2377 million Hong Kong dollars.
On the news front, Sinotrans Limited announced its performance for the first three quarters ending in September, achieving revenue of 85.872 billion RMB according to Chinese accounting standards, a year-on-year increase of 17.9%; net income attributable to shareholders was 2.825 billion yuan, a year-on-year decrease of 10.4%; non-net profit attributable to shareholders was 2.591 billion yuan, a year-on-year decrease of 7.13%. Looking at the third quarter alone, the company achieved revenue of 29.505 billion yuan, a year-on-year increase of 18.27%; achieved net profit attributable to shareholders of 2.825 billion yuan, a year-on-year decrease of 10.41%; achieved non-net profit attributable to shareholders was 0.792 billion yuan, a year-on-year decrease of 7.84%.
Guolian Securities pointed out that with the relative decline in external demand, the growth rate of agency cargo volume has slowed down, and the company's agency business is significantly affected by the export economic situation; relative weakness in domestic demand, contract logistics is under pressure. Looking ahead, with the introduction of domestic stimulus policies, domestic demand is gradually recovering, and the company's professional logistics business may bottom out and rebound. In addition, the company's dividend yield remains attractive.
