Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: HK$0.11 (vs HK$0.11 in FY 2024) Full year 2025 results: EPS: HK$0.11 (down from HK$0.11 in FY 2024). Revenue: HK$11.7b (down 15% from FY 2024). Net income: HK$665.6m (down 3.6% from FY 2024). Profit margin: 5.7% (up from 5.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Tianjin Port Development Holdings Limited, Annual General Meeting, Jun 16, 2026 Tianjin Port Development Holdings Limited, Annual General Meeting, Jun 16, 2026. Announcement • Mar 17
Tianjin Port Development Holdings Limited to Report Fiscal Year 2025 Final Results on Mar 27, 2026 Tianjin Port Development Holdings Limited announced that they will report fiscal year 2025 final results at 12:30 PM, China Standard Time on Mar 27, 2026 Reported Earnings • Aug 28
First half 2025 earnings released: EPS: HK$0.056 (vs HK$0.068 in 1H 2024) First half 2025 results: EPS: HK$0.056 (down from HK$0.068 in 1H 2024). Revenue: HK$6.95b (up 3.0% from 1H 2024). Net income: HK$345.8m (down 17% from 1H 2024). Profit margin: 5.0% (down from 6.2% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Announcement • Aug 15
Tianjin Port Development Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Tianjin Port Development Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Jun 18
Tianjin Port Development Holdings Limited Declares Final Dividend for the Year Ended 31 December 2024 Tianjin Port Development Holdings Limited announced at the AGM held on June 18, 2025, declared a final dividend of 4.48 HongKong cents per share for the year ended 31 December 2024. Upcoming Dividend • Jun 13
Upcoming dividend of HK$0.045 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 21 July 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 6.5%. Lower than top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (5.7%). Reported Earnings • Apr 27
Full year 2024 earnings released: EPS: HK$0.11 (vs HK$0.12 in FY 2023) Full year 2024 results: EPS: HK$0.11 (down from HK$0.12 in FY 2023). Revenue: HK$13.7b (up 1.8% from FY 2023). Net income: HK$690.2m (down 5.3% from FY 2023). Profit margin: 5.0% (down from 5.4% 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 5% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Mar 28
Dividend of HK$0.045 announced Shareholders will receive a dividend of HK$0.045. Ex-date: 20th June 2025 Payment date: 21st July 2025 Dividend yield will be 6.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: HK$0.11 (vs HK$0.12 in FY 2023) Full year 2024 results: EPS: HK$0.11 (down from HK$0.12 in FY 2023). Revenue: HK$13.7b (up 1.8% from FY 2023). Net income: HK$690.2m (down 5.3% from FY 2023). Profit margin: 5.0% (down from 5.4% 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 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 26
Tianjin Port Development Holdings Limited, Annual General Meeting, Jun 18, 2025 Tianjin Port Development Holdings Limited, Annual General Meeting, Jun 18, 2025. Announcement • Mar 14
Tianjin Port Development Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Tianjin Port Development Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Announcement • Jan 21
Tianjin Port Development Holdings Limited Announces Board Changes The board of directors of Tianjin Port Development Holdings Limited announced that Mr. Sun Bin (‘Mr. Sun’) has resigned as an executive Director with effect from 21 January 2025 due to his other job engagement. The Board further announced that Mr. Liu Nan (‘Mr. Liu’) and Mr. Jiang Wei (‘Mr. Jiang’) have been appointed as the executive Directors with effect from 21 January 2025. Mr. Liu, aged 42, holds a bachelor's degree in agricultural and forestry economics management from the Department of Economics Management of Tianjin Agricultural University. From 2006 to 2022, Mr. Liu worked in the General Office of the Tianjin Municipal People's Government. He had served in various positions including as the officer and the deputy chief officer of the Reception and Liaison Office of the General Office of the Tianjin Municipal People's Government; the deputy section secretary, the chief section secretary, the deputy division secretary and the chief division secretary of the General Office of the Tianjin Municipal People's Government. Mr. Liu joined (Tianjin Port (Group) Co. Ltd.) in 2022 and served as the party branch secretary and the chairman of (Tianjin International Cruise Home Port Co. Ltd.), which is a subsidiary of Tianjin Port Group Co, from 2022 to 2024. Mr. Liu is currently the general manager of the investment development management department of Tianjin Port Group Co. Mr. Jiang, aged 41, holds a master's degree in accounting from Tianjin University of Finance and Economics and is a chief senior accountant. Mr. Jiang joined Tianjin Port Group Co in 2009 and had served in various positions including as the integrated planning and accountability administrator, the deputy chief of financial holdings management section, the chief of fund management section and the chief of capital property rights management section of the planning and finance department, as well as the deputy general manager of the financial management department of Tianjin Port Group Co. Mr. Jiang is currently the general manager of the financial management department of Tianjin Port Group Co. Reported Earnings • Aug 31
First half 2024 earnings released: EPS: HK$0.068 (vs HK$0.077 in 1H 2023) First half 2024 results: EPS: HK$0.068 (down from HK$0.077 in 1H 2023). Revenue: HK$6.75b (up 8.0% from 1H 2023). Net income: HK$418.1m (down 12% from 1H 2023). Profit margin: 6.2% (down from 7.6% in 1H 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 only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 16
Tianjin Port Development Holdings Limited to Report First Half, 2024 Results on Aug 28, 2024 Tianjin Port Development Holdings Limited announced that they will report first half, 2024 results on Aug 28, 2024 Upcoming Dividend • Jun 14
Upcoming dividend of HK$0.047 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 22 July 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 7.1%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (6.1%). Announcement • Jun 13
Tianjin Port Development Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 Tianjin Port Development Holdings Limited at its AGM held on June 12, 2024 approved to declare a final dividend of HKD 4.73 cents per share for the year ended 31 December 2023. Buy Or Sell Opportunity • Apr 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to HK$0.61. The fair value is estimated to be HK$0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 13%. Announcement • Mar 27
Tianjin Port Development Holdings Limited, Annual General Meeting, Jun 12, 2024 Tianjin Port Development Holdings Limited, Annual General Meeting, Jun 12, 2024. Agenda: To consider recommends the payment of a final dividend for the year ended 31 December 2023. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: HK$0.12 (vs HK$0.056 in FY 2022) Full year 2023 results: EPS: HK$0.12 (up from HK$0.056 in FY 2022). Revenue: HK$13.5b (up 3.6% from FY 2022). Net income: HK$728.6m (up 111% from FY 2022). Profit margin: 5.4% (up from 2.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 15
Tianjin Port Development Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Tianjin Port Development Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: EPS: HK$0.077 (vs HK$0.046 in 1H 2022) First half 2023 results: EPS: HK$0.077 (up from HK$0.046 in 1H 2022). Revenue: HK$6.24b (down 12% from 1H 2022). Net income: HK$474.5m (up 66% from 1H 2022). Profit margin: 7.6% (up from 4.0% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Aug 30
Tianjin Port Development Holdings Limited Announces Director Changes Tianjin Port Development Holdings Limited announced that with effect from 29 August 2023, Dr. Li Xiaoguang has resigned as an executive Director, and Mr. Teng Fei has been appointed as an executive Director. Mr. Teng, aged 45, a senior engineer, graduated from Tianjin University with a Master of Business Administration Degree. Prior to joining the Company, Mr. Teng had served in various roles including assistant to general manager of Tianjin Zhonghuan Electronics Computer Co. assistant manager of Tianjin Zhonghuan Huaxiang Electronics Co. Ltd. deputy general manager of iMarketChina Co. Ltd. general manager of Tianjin Zhonghuan Electronics Computer Co. Ltd., chairman of Tianjin Huanbo Science and Technology Co.Ltd. as well as the president of Cashway Fintech Co. Ltd. and Hengrong Investment Holdings Co. Ltd. Mr. Teng is currently an executive director and deputy general manager of Tianjin Development Holdings Limited, the substantial shareholder of the Company and whose shares are listed on the Main Board of the Stock Exchange, the deputy general manager of Tianjin TEDA Industrial Group Co. Ltd. and Tsinlien Group Company Limited, general manager of Tianjin Bohai State-owned Assets Management Co. Ltd., all aforesaid companies are the controlling shareholders of Tianjin Development and substantial shareholder of the Company, a non-independent director of Tianjin Lisheng Pharmaceutical Co. Ltd., an indirect non-wholly-owned subsidiary of Tianjin Development and whose shares are listed on the Shenzhen Stock Exchange as well as a director of other certain subsidiaries of Tianjin Development. Mr. Teng has extensive experience in corporate management, specialising in production and manufacturing enterprises management. Announcement • Aug 18
Tianjin Port Development Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023 Tianjin Port Development Holdings Limited announced that they will report first half, 2023 results on Aug 29, 2023 Upcoming Dividend • Jun 12
Upcoming dividend of HK$0.022 per share at 3.9% yield Eligible shareholders must have bought the stock before 19 June 2023. Payment date: 24 July 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (6.0%). Announcement • Jun 03
Tianjin Port Development Holdings Limited Declares Final Dividend for the Year Ended 31 December 2022 Tianjin Port Development Holdings Limited announced at the AGM held on June 2, 2023 that the company approved to declare a final dividend of HK 2.24 cents per share for the year ended 31 December 2022. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: HK$0.056 (vs HK$0.15 in FY 2021) Full year 2022 results: EPS: HK$0.056 (down from HK$0.15 in FY 2021). Revenue: HK$13.0b (down 25% from FY 2021). Net income: HK$345.3m (down 63% from FY 2021). Profit margin: 2.7% (down from 5.3% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Tianjin Port Development Holdings Limited Announces Executive Changes The board of directors of Tianjin Port Development Holdings Limited announced that, with effect from 30 January 2023, Mr. Yang Zhengliang has ceased to act as a member of the remuneration committee of the company("Remuneration Committee") due to internal job arrangement. The Board further announced that Mr. Lou Zhanshan ("Mr. Lou") has been appointed as an executive Director and a member of the Remuneration Committee with effect from 30 January 2023. Mr. Lou, aged 49, was appointed as a deputy general manager of the Company on 15 December 2022. Mr. Lou also serves as a director and chairman of supervisory committee of certainsubsidiaries of the Group. Mr. Lou holds a master degree in business administration with postgraduate research qualification from Tianjin University. Mr. Lou joined Tianjin Port (Group) Co. Ltd.("Tianjin Port Group") in 1995. He has been the deputy chief of the securities financing department of Tianjin Port Holdings Co. Ltd. ("Tianjin Port Co."). From July 2013 to October 2022, he served as the deputy director of the president's office of Tianjin Port Co., the office director of Tianjin Port Co. as well as the deputy director of the general office of the Party Committee of Tianjin Port Group. Mr. Lou has entered into a service contract with the Company as an executive Director for a term of three years from 30 January 2023, which could be renewed for further periods and shall be subject to retirement by rotation and re-election at annual general meeting of the Company in accordance with the articles of association of the Company. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director James Zhang was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: HK$0.046 (vs HK$0.068 in 1H 2021) First half 2022 results: EPS: HK$0.046 (down from HK$0.068 in 1H 2021). Revenue: HK$7.11b (down 19% from 1H 2021). Net income: HK$286.1m (down 32% from 1H 2021). Profit margin: 4.0% (down from 4.8% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 13
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 20 June 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 8.8%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (7.1%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director James Zhang was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: HK$0.15 (vs HK$0.10 in FY 2020) Full year 2021 results: EPS: HK$0.15 (up from HK$0.10 in FY 2020). Revenue: HK$17.4b (up 12% from FY 2020). Net income: HK$923.1m (up 45% from FY 2020). Profit margin: 5.3% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
First half 2021 earnings released: EPS HK$0.068 (vs HK$0.036 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$8.74b (up 38% from 1H 2020). Net income: HK$417.6m (up 90% from 1H 2020). Profit margin: 4.8% (up from 3.5% in 1H 2020). The increase in margin was driven by higher revenue. 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 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 21
Upcoming dividend of HK$0.041 per share Eligible shareholders must have bought the stock before 28 June 2021. Payment date: 22 July 2021. Trailing yield: 6.4%. Within top quartile of Hong Kong dividend payers (6.1%). In line with average of industry peers (6.0%). Reported Earnings • May 01
Full year 2020 earnings released: EPS HK$0.10 (vs HK$0.063 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$15.5b (up 2.7% from FY 2019). Net income: HK$636.2m (up 64% from FY 2019). Profit margin: 4.1% (up from 2.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS HK$0.10 (vs HK$0.063 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$15.5b (up 2.7% from FY 2019). Net income: HK$636.2m (up 64% from FY 2019). Profit margin: 4.1% (up from 2.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 17% per year. Is New 90 Day High Low • Jan 14
New 90-day high: HK$0.71 The company is up 31% from its price of HK$0.54 on 16 October 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: HK$0.67 The company is up 24% from its price of HK$0.54 on 08 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: HK$0.63 The company is up 3.0% from its price of HK$0.61 on 19 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Infrastructure industry, which is up 2.0% over the same period. Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total profits of HK$335.0m, up 31% from the prior year. Total revenue was HK$14.3b over the last 12 months, down 7.4% from the prior year. Is New 90 Day High Low • Sep 18
New 90-day low: HK$0.52 The company is down 9.0% from its price of HK$0.57 on 19 June 2020. The Hong Kong market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 2.0% over the same period. 
