Declared Dividend • Jun 10
Dividend of CN¥0.04 announced Shareholders will receive a dividend of CN¥0.04. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 26% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.03 (vs CN¥0.05 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.03 (down from CN¥0.05 in 1Q 2025). Revenue: CN¥1.69b (down 7.2% from 1Q 2025). Net income: CN¥95.4m (down 37% from 1Q 2025). Profit margin: 5.6% (down from 8.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 03
Rizhao Port Co.,Ltd, Annual General Meeting, Apr 28, 2026 Rizhao Port Co.,Ltd, Annual General Meeting, Apr 28, 2026, at 14:00 China Standard Time. Announcement • Mar 30
Rizhao Port Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Rizhao Port Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.16 (down from CN¥0.21 in FY 2024). Revenue: CN¥7.82b (down 7.6% from FY 2024). Net income: CN¥494.8m (down 25% from FY 2024). Profit margin: 6.3% (down from 7.7% in FY 2024). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Dec 26
Rizhao Port Co.,Ltd to Report Fiscal Year 2025 Results on Mar 27, 2026 Rizhao Port Co.,Ltd announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Sep 30
Rizhao Port Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Rizhao Port Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Rizhao Port Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Rizhao Port Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 09
Dividend of CN¥0.086 announced Shareholders will receive a dividend of CN¥0.086. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 2.7%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.06 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.05 (down from CN¥0.06 in 1Q 2024). Revenue: CN¥1.82b (down 8.2% from 1Q 2024). Net income: CN¥151.6m (down 18% from 1Q 2024). Profit margin: 8.3% (down from 9.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 02
Rizhao Port Co.,Ltd, Annual General Meeting, Apr 28, 2025 Rizhao Port Co.,Ltd, Annual General Meeting, Apr 28, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Rizhao, Shandong China Announcement • Mar 28
Rizhao Port Co.,Ltd to Report Q1, 2025 Results on Apr 28, 2025 Rizhao Port Co.,Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.21 in FY 2023) Full year 2024 results: EPS: CN¥0.21 (in line with FY 2023). Revenue: CN¥8.46b (up 3.7% from FY 2023). Net income: CN¥654.9m (up 2.2% from FY 2023). Profit margin: 7.7% (down from 7.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Dec 27
Rizhao Port Co.,Ltd to Report Fiscal Year 2024 Results on Mar 28, 2025 Rizhao Port Co.,Ltd announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.052 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.052 in 3Q 2023). Revenue: CN¥2.17b (up 12% from 3Q 2023). Net income: CN¥201.3m (up 20% from 3Q 2023). Profit margin: 9.3% (up from 8.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 30
Rizhao Port Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Rizhao Port Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥3.13, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 15x in the Infrastructure industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.10 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.10 in 2Q 2023). Revenue: CN¥2.12b (down 3.2% from 2Q 2023). Net income: CN¥249.6m (down 14% from 2Q 2023). Profit margin: 12% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jun 28
Rizhao Port Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Rizhao Port Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • May 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Libo Fan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.07 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.06 (down from CN¥0.07 in 1Q 2023). Revenue: CN¥1.99b (up 3.3% from 1Q 2023). Net income: CN¥184.4m (down 16% from 1Q 2023). Profit margin: 9.3% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 03
Rizhao Port Co.,Ltd, Annual General Meeting, Apr 25, 2024 Rizhao Port Co.,Ltd, Annual General Meeting, Apr 25, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Rizhao, Shandong China Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.21 in FY 2022) Full year 2023 results: EPS: CN¥0.21 (in line with FY 2022). Revenue: CN¥8.16b (up 8.8% from FY 2022). Net income: CN¥640.7m (up 1.6% from FY 2022). Profit margin: 7.9% (down from 8.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 29
Rizhao Port Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Rizhao Port Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 30
Rizhao Port Co.,Ltd to Report Fiscal Year 2023 Results on Mar 29, 2024 Rizhao Port Co.,Ltd announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.052 (vs CN¥0.07 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.052 (down from CN¥0.07 in 3Q 2022). Revenue: CN¥1.94b (down 3.6% from 3Q 2022). Net income: CN¥168.2m (down 23% from 3Q 2022). Profit margin: 8.7% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. New Risk • Oct 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.9% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.9% net profit margin). New Risk • Aug 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.06 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.06 in 2Q 2022). Revenue: CN¥2.19b (up 20% from 2Q 2022). Net income: CN¥292.0m (up 48% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Announcement • Jun 28
Rizhao Port Co.,Ltd to Report First Half, 2023 Results on Aug 31, 2023 Rizhao Port Co.,Ltd announced that they will report first half, 2023 results on Aug 31, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. Director Haipeng Lu is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.07 (in line with 3Q 2021). Revenue: CN¥1.85b (up 16% from 3Q 2021). Net income: CN¥203.4m (down 5.8% from 3Q 2021). Profit margin: 11% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.046 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.06 (up from CN¥0.046 in 2Q 2021). Revenue: CN¥1.82b (up 21% from 2Q 2021). Net income: CN¥197.2m (up 30% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.065 in 1Q 2021). Revenue: CN¥1.83b (up 18% from 1Q 2021). Net income: CN¥248.3m (up 25% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.24 (up from CN¥0.21 in FY 2020). Revenue: CN¥6.50b (up 13% from FY 2020). Net income: CN¥737.0m (up 15% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.06 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥1.59b (up 4.7% from 3Q 2020). Net income: CN¥215.9m (up 6.6% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.046 (vs CN¥0.072 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.51b (up 6.1% from 2Q 2020). Net income: CN¥151.4m (down 30% from 2Q 2020). Profit margin: 10.0% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 05
First quarter 2021 earnings released: EPS CN¥0.065 (vs CN¥0.058 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥1.55b (up 9.7% from 1Q 2020). Net income: CN¥199.3m (up 12% from 1Q 2020). Profit margin: 13% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.21 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥5.77b (up 9.9% from FY 2019). Net income: CN¥639.6m (up 1.3% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 05
Rizhao Port Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Rizhao Port Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Announcement • Feb 24
Rizhao Port Jurong Co., Ltd. Renews Operation Outsourcing Agreement with Lanshan Branch of Rizhao Port Co., Ltd Rizhao Port Jurong Co., Ltd. announced that as the Operation Outsourcing Agreement 2019 expired on 31 December 2020, on 23 February 2021 (after trading hours), the Company entered into the Operation Outsourcing Agreement 2021 with Lanshan Branch of Rizhao Port Co., Ltd. to renew the Operation Outsourcing Agreement 2019 for a term commencing from 23 February 2021 to 31 December 2021. Pursuant to the Operation Outsourcing Agreement 2021, the Company may from time to time engage Lanshan Branch of Rizhao Port to provide stevedoring, storage and delivery services of grain cargoes, in Lanshan port area. The fee charged for the services provided by Lanshan Branch of Rizhao Port shall be determined through arm's length negotiations by the parties and based on normal commercial terms with reference to (a) qualification of service providers in stevedoring of grain cargoes in Lanshan port area; (b) the prevailing market price for the provision of similar types of services in the same or nearby service area by independent third parties; (c) the actual services to be provided, the volume of cargoes to be handled and the duration of storage of cargoes; and (d) the historical prices offered to independent third party service providers. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥2.67 The company is down 2.0% from its price of CN¥2.73 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: CN¥3.11 The company is up 10.0% from its price of CN¥2.82 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 1.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥694.3m, up 8.4% from the prior year. Total revenue was CN¥5.76b over the last 12 months, up 12% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥2.73 The company is down 4.0% from its price of CN¥2.83 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is down 3.0% over the same period. Announcement • Oct 14
Rizhao Port Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Rizhao Port Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 06
New 90-day low: CN¥2.75 The company is down 2.0% from its price of CN¥2.81 on 08 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Infrastructure industry, which is down 8.0% over the same period. Announcement • Jul 10
Rizhao Port Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Rizhao Port Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 
