New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (HK$272.0m market cap, or US$34.7m). Reported Earnings • Aug 13
First half 2026 earnings released: EPS: CN¥0.024 (vs CN¥0.026 in 1H 2025) First half 2026 results: EPS: CN¥0.024 (down from CN¥0.026 in 1H 2025). Revenue: CN¥66.8m (down 17% from 1H 2025). Net income: CN¥19.4m (down 5.3% from 1H 2025). Profit margin: 29% (up from 26% in 1H 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jul 22
Ocean Line Port Development Limited to Report First Half, 2026 Results on Aug 11, 2026 Ocean Line Port Development Limited announced that they will report first half, 2026 results on Aug 11, 2026 Upcoming Dividend • May 28
Upcoming dividend of HK$0.04 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 29 July 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (5.5%). New Risk • Apr 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 9.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (HK$268.0m market cap, or US$34.2m). Announcement • Mar 27
Ocean Line Port Development Limited announces Annual dividend, payable on July 29, 2026 Ocean Line Port Development Limited announced Annual dividend of HKD 0.0300 per share payable on July 29, 2026, ex-date on June 04, 2026 and record date on June 05, 2026. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥0.065 (vs CN¥0.082 in FY 2024) Full year 2025 results: EPS: CN¥0.065 (down from CN¥0.082 in FY 2024). Revenue: CN¥158.8m (down 10% from FY 2024). Net income: CN¥52.2m (down 21% from FY 2024). Profit margin: 33% (down from 37% in FY 2024). 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 whereas the company’s share price has fallen by 1% per year. Announcement • Mar 26
Ocean Line Port Development Limited, Annual General Meeting, May 28, 2026 Ocean Line Port Development Limited, Annual General Meeting, May 28, 2026. New Risk • Mar 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (HK$232.0m market cap, or US$29.7m). Announcement • Mar 03
Ocean Line Port Development Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Ocean Line Port Development Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 26, 2026 Reported Earnings • Aug 15
First half 2025 earnings released: EPS: CN¥0.026 (vs CN¥0.039 in 1H 2024) First half 2025 results: EPS: CN¥0.026 (down from CN¥0.039 in 1H 2024). Revenue: CN¥80.4m (down 8.2% from 1H 2024). Net income: CN¥20.5m (down 35% from 1H 2024). Profit margin: 26% (down from 36% in 1H 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 24
Ocean Line Port Development Limited to Report First Half, 2025 Results on Aug 12, 2025 Ocean Line Port Development Limited announced that they will report first half, 2025 results on Aug 12, 2025 Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: CN¥0.082 (vs CN¥0.074 in FY 2023) Full year 2024 results: EPS: CN¥0.082 (up from CN¥0.074 in FY 2023). Revenue: CN¥177.0m (up 2.0% from FY 2023). Net income: CN¥65.6m (up 11% from FY 2023). Profit margin: 37% (up from 34% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.78 (vs CN¥0.074 in FY 2023) Full year 2024 results: EPS: CN¥0.78 (up from CN¥0.074 in FY 2023). Revenue: CN¥177.0m (up 2.0% from FY 2023). Net income: CN¥65.6m (up 11% from FY 2023). Profit margin: 37% (up from 34% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Ocean Line Port Development Limited, Annual General Meeting, May 28, 2025 Ocean Line Port Development Limited, Annual General Meeting, May 28, 2025. New Risk • Mar 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (HK$236.0m market cap, or US$30.4m). Announcement • Mar 03
Ocean Line Port Development Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Ocean Line Port Development Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Aug 11
First half 2024 earnings released: EPS: CN¥0.039 (vs CN¥0.042 in 1H 2023) First half 2024 results: EPS: CN¥0.039 (down from CN¥0.042 in 1H 2023). Revenue: CN¥87.6m (down 6.0% from 1H 2023). Net income: CN¥31.3m (down 6.8% from 1H 2023). Profit margin: 36% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 24
Ocean Line Port Development Limited to Report First Half, 2024 Results on Aug 09, 2024 Ocean Line Port Development Limited announced that they will report first half, 2024 results on Aug 09, 2024 Announcement • Jul 10
Ocean Line Port Development Limited Announces Board and Committee Changes Ocean Line Port Development Limited announced that Dr. Li Weidong (Dr. Li') has resigned as an independent non-executive Director, the chairman of the nomination committee (the nomination committee) and a member of each of the audit committee (the audit committee) and the remuneration committee (the remuneration committee) of the board with effect from 10 July 2024 so as to allow himself to devote more time for his other business commitments. The board announced that Mr. Cheng Yin Pan (Mr. Cheng) has been appointed as an independent non-executive director of the company, the chairman of the nomination committee and a member of each of the audit committee and the remuneration committee with effect from 10 July 2024. Mr. Cheng, aged 36, has over 13 years of experience in investment banking and corporate finance. Mr. Cheng worked at the leveraged finance division of Standard Chartered Bank as analyst from April 2012 to May 2013 and at the investment banking division of Bank of America Merrill Lynch as senior associate from May 2013 to March 2016. Since March 2016, he has been serving as the president and chief executive officer of C Capital. Mr. Cheng also holds positions in the following companies/organisations: (i) member of the venture committee of Hong Kong Venture Capital and Private Equity Association since August 2019; (ii) committee member of Mainland Business Advisory Committee of Hong Kong Trade Development Council since April 2022; (iii) board member of Prenetics Global Limited, since May 2022; and (iv) board member of The LRC Charitable Foundation since March 2023. Mr. Cheng holds a bachelor's degree of science in quantitative finance in the Chinese University of Hong Kong. Changes In Composition Of Board Committees: With effect from 10 July 2024, the composition of the Board committees is as follows: Audit Committee: Mr. Cheung Sze Ming (Chairman), Mr. Nie Rui and Mr. Cheng Yin Pan; Nomination Committee: Mr. Cheng Yin Pan (Chairman), Mr. Cheung Sze Ming and Mr. Nie Rui; and Remuneration Committee: Mr. Nie Rui (Chairman), Mr. Cheung Sze Ming and Mr. Cheng Yin Pan. Announcement • Apr 09
Ocean Line Port Development Limited, Annual General Meeting, May 29, 2024 Ocean Line Port Development Limited, Annual General Meeting, May 29, 2024, at 11:00 China Standard Time. Location: Suite 2101, 21/F, Two International Finance Centre 8 Finance Street, Central, Hong Kong Central Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors (the ``Directors'') and auditors of the Company for the year ended 31 December 2023; to re-elect Mr. Nie Rui as an independent non-executive Director; to re-elect Dr. Li Weidong as an independent non-executive Director; and to authorise the board of Directors to fix the Directors' remuneration; to re-appoint BDO Limited as the auditors of the Company and to authorise the board of Directors to fix their remuneration; and to consider other business matters. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥0.074 (vs CN¥0.08 in FY 2022) Full year 2023 results: EPS: CN¥0.074 (down from CN¥0.08 in FY 2022). Revenue: CN¥173.6m (down 7.4% from FY 2022). Net income: CN¥59.1m (down 7.7% from FY 2022). Profit margin: 34% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Ocean Line Port Development Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Ocean Line Port Development Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Sze Ming Cheung was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.015 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.016 (up from CN¥0.015 in 3Q 2022). Revenue: CN¥45.2m (up 8.1% from 3Q 2022). Net income: CN¥13.1m (up 7.6% from 3Q 2022). Profit margin: 29% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Announcement • Oct 25
Ocean Line Port Development Limited to Report Nine Months, 2023 Results on Nov 09, 2023 Ocean Line Port Development Limited announced that they will report nine months, 2023 results on Nov 09, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.023 (vs CN¥0.025 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.023 (down from CN¥0.025 in 2Q 2022). Revenue: CN¥46.8m (down 6.1% from 2Q 2022). Net income: CN¥18.7m (down 7.5% from 2Q 2022). Profit margin: 40% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Ocean Line Port Development Limited to Report First Half, 2023 Results on Aug 10, 2023 Ocean Line Port Development Limited announced that they will report first half, 2023 results on Aug 10, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CN¥0.019 (vs CN¥0.017 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.019 (up from CN¥0.017 in 1Q 2022). Revenue: CN¥46.4m (flat on 1Q 2022). Net income: CN¥14.9m (up 8.7% from 1Q 2022). Profit margin: 32% (up from 30% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Announcement • May 11
Ocean Line Port Development Limited Proposes Special Dividend for the Year Ended 31 December 2022 Ocean Line Port Development Limited proposed special dividend of HKD 3.0 cents per share for the year ended 31 December 2022. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.072 in FY 2021) Full year 2022 results: EPS: CN¥0.08 (up from CN¥0.072 in FY 2021). Revenue: CN¥187.4m (up 13% from FY 2021). Net income: CN¥64.1m (up 12% from FY 2021). Profit margin: 34% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 22
Ocean Line Port Development Limited to Report Nine Months, 2022 Results on Nov 09, 2022 Ocean Line Port Development Limited announced that they will report nine months, 2022 results on Nov 09, 2022 Announcement • Jul 26
Ocean Line Port Development Limited to Report Q2, 2022 Results on Aug 12, 2022 Ocean Line Port Development Limited announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 14
First quarter 2022 earnings released: EPS: CN¥0.017 (vs CN¥0.016 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.017 (up from CN¥0.016 in 1Q 2021). Revenue: CN¥46.3m (up 11% from 1Q 2021). Net income: CN¥13.8m (up 7.7% from 1Q 2021). Profit margin: 30% (down from 31% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Ocean Line Port Development Limited, Annual General Meeting, May 26, 2022 Ocean Line Port Development Limited, Annual General Meeting, May 26, 2022, at 11:00 China Standard Time. Location: Suite 2101, 21/F, Two International Finance Centre 8 Finance Street Cantral Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors and auditors of the Company for the year ended 31 December 2021; to re-elect Ms. Cheung Wai Fung as a non-executive Director; to re-elect Mr. Cheung Sze Ming as an independent non-executive Director; to authorise the board of Directors to fix the Director's remuneration; to re-appoint BDO Limited as the auditors of the Company and to authorise the board of Directors to fix remuneration; and to transact other matters. Announcement • Mar 06
Ocean Line Port Development Limited to Report Q4, 2021 Results on Mar 23, 2022 Ocean Line Port Development Limited announced that they will report Q4, 2021 results on Mar 23, 2022 Announcement • Feb 10
Ocean Line Port Development Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Year Ended December 31, 2021 Ocean Line Port Development Limited provided preliminary unaudited consolidated group earnings guidance for the year ended December 31, 2021. For the year, the group expects to record an increase in the revenue and net profit by approximately 10% and 20%, respectively, as compared to the revenue of RMB 150.5 million and net profit of RMB 64.2 million for the corresponding period in 2020. The increase in the revenue and net profit of the group was primarily attributable to the increase in throughput volume of cargo due to the rebound in market demand after the COVID-19 pandemic in the People's Republic of China (PRC) and gradual recovery of the PRC's domestic trade and foreign trade. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.023 (vs CN¥0.023 in 2Q 2020) The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: CN¥48.1m (flat on 2Q 2020). Net income: CN¥18.3m (down 1.5% from 2Q 2020). Profit margin: 38% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2021 earnings released: EPS CN¥0.016 (vs CN¥0.015 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¥41.6m (up 8.3% from 1Q 2020). Net income: CN¥12.8m (up 6.9% from 1Q 2020). Profit margin: 31% (in line with 1Q 2020). Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.056 (vs CN¥0.052 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥150.5m (up 2.9% from FY 2019). Net income: CN¥44.6m (up 7.6% from FY 2019). Profit margin: 30% (up from 28% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Mar 04
Ocean Line Port Development Limited to Report Fiscal Year 2020 Results on Mar 23, 2021 Ocean Line Port Development Limited announced that they will report fiscal year 2020 results on Mar 23, 2021 Is New 90 Day High Low • Nov 17
New 90-day low: HK$0.22 The company is down 14% from its price of HK$0.26 on 19 August 2020. The Hong Kong market is up 4.0% 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. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS CN¥0.014 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥32.8m (down 18% from 3Q 2019). Net income: CN¥10.9m (down 25% from 3Q 2019). Profit margin: 33% (down from 36% in 3Q 2019). The decrease in margin was driven by lower revenue. Announcement • Nov 07
Ocean Line Port Development Limited Appoints Cheung Sze Ming as an Independent Non-Executive Director, the Chairman of the Audit Committee, and Member of Each of the Remuneration Committee and Nomination Committee of the Board The board of directors of Ocean Line Port Development Limited announced that Mr. Cheung Sze Ming has been appointed as an independent non-executive Director, the chairman of the audit committee, and a member of each of the remuneration committee and nomination committee of the Board with effect from 6 November 2020. Mr. Cheung is currently an executive director, the company secretary and the chief financial officer of Affluent Partners Holdings Limited. Announcement • Oct 29
Ocean Line Port Development Limited to Report Q3, 2020 Results on Nov 09, 2020 Ocean Line Port Development Limited announced that they will report Q3, 2020 results on Nov 09, 2020 Announcement • Jul 25
Ocean Line Port Development Limited to Report First Half, 2020 Results on Aug 11, 2020 Ocean Line Port Development Limited announced that they will report first half, 2020 results on Aug 11, 2020