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    Marine Shipping
Shanghai International Port (Group) Co., Ltd.

Shanghai International Port (Group) Co., Ltd.

600018.SS
Shanghai International Port (Group) Co., Ltd.CN flagShanghai Stock Exchange
4.99
CNY
+0.13
- -
116.00BMarket Cap
Shanghai International Port (Group) Co., Ltd.
600018.SS
(Shanghai Stock Exchange)

Recent

price

4.99

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.91
0.98
1.25
1.24
1.26
1.28
1.35
1.61
1.64
1.56
1.13
1.48
1.61
1.62
1.64
1.7
1.29
Revenue per Share
0.26
0.21
0.22
0.23
0.3
0.29
0.3
0.5
0.44
0.39
0.36
0.63
0.74
0.57
0.64
0.58
0.45
Basic EPS, GAAP
0.24
0.23
0.22
0.26
0.36
0.37
0.01
0.33
0.18
0.16
0.3
0.4
0.35
0.23
0.13
0.21
-0.21
Free Cash Flow per Basic Share
0.11
0.13
0.16
0.18
0.15
0.23
0.19
0.2
0.23
0.2
0.19
0.17
0.24
0.19
0.26
0.21
0.08
Dividend per Share
1.52
1.6
1.63
1.7
1.85
1.95
2.05
2.36
2.59
2.8
2.98
3.46
3.92
4.31
4.7
5.04
5.22
Book Value per Share
1.63
1.69
1.77
1.84
2.04
2.33
2.35
2.73
2.92
3.29
3.51
4.04
4.63
5.25
5.75
6.11
6.38
Tangible Book Value per Share
20,988
22,169
22,753
22,751
22,752
23,002
23,177
23,174
23,176
23,171
23,172
23,172
23,203
23,200
23,221
23,239
23,248
Basic Weighted Avg Shares
19,105
21,779
28,381
28,162
28,779
29,511
31,359
37,424
38,043
36,102
26,119
34,289
37,280
37,552
38,117
39,611
29,997
Sales/Revenue/Turnover
36.07
35.25
23.49
25.21
28.52
24.39
20.95
24.74
24.33
22.56
23.01
27.2
27.3
27.57
25.58
27.44
27.39
Operating Margin (%)
1,732
2,381
2,688
2,692
2,704
2,882
3,066
3,258
3,323
3,287
3,475
3,544
3,848
4,216
4,377
4,656
- -
Depreciation Expense
5,417
4,724
4,969
5,256
6,767
6,562
6,939
11,536
10,276
9,062
8,307
14,682
17,224
13,203
14,954
13,565
10,432
Net Income, GAAP
16.32
20.2
18.76
19.76
20.16
20.16
18.65
18.98
19.93
16.05
13.15
13.81
11
13.78
14.17
17.89
15.78
Effective Tax Rate (%)
28.35
21.69
17.51
18.66
23.51
22.24
22.13
30.83
27.01
25.1
31.8
42.82
46.2
35.16
39.23
34.24
34.78
Profit Margin (%)
3,042
2,005
2,740
-1,933
-3,023
480
-10,176
12,182
16,167
21,063
21,193
21,268
20,661
30,214
25,676
19,588
29,336
Working Capital
2,409
14,191
15,295
10,274
11,330
10,719
12,792
22,490
28,556
30,327
35,498
31,548
32,547
42,168
38,913
35,433
40,559
LT Debt
41,461
51,344
53,589
55,848
60,227
67,145
68,238
77,056
82,428
90,792
95,980
107,806
121,167
136,186
147,409
155,932
162,070
Total Equity
10.74
9.65
7.34
7.41
8.13
6.68
5.38
6.38
5.69
5.13
3.87
5.52
5.7
5.07
4.34
4.42
3.32
Return on Invested Capital (%)
9.33
7.61
7.65
7.63
9.59
8.46
7.7
10.73
9.13
7.97
7.2
11.73
12.74
8.81
8.92
7.41
5.61
Return on Capital (%)
17.78
14
13.68
13.85
16.75
15.12
15.04
22.59
17.91
14.51
12.4
19.66
20.11
13.81
14.3
11.99
8.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
12,651
9,108
LT Borrowings
- -
34,786
39,779
LT Finance Leases
- -
647
780
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
23,280
23,280
Market Capitalization
126,534
125,837
118,332

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
47,413
52,709
Cash, Cash Equivalents & STI
- -
31,598
36,316
Accounts Receivable, Net
- -
3,730
4,669
Inventories
- -
6,561
6,682
Total Current Liabilities
- -
27,826
23,374
Payables & Accruals
- -
- -
- -
ST Debt
- -
12,651
9,108
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.85%
10.23%
5.78%
Free Cash Flow
498.14%
1.17%
65.91%
Net Income, GAAP
11.56%
14.94%
-9.29%
Sales/Revenue/Turnover
4.07%
9.23%
3.92%
Total Cash Common Dividend
1.1%
4.92%
-19.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,951
10,886
9,189
9,091
38,117
2025
9,518
10,051
- -
9,663
39,611
2026
10,284
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
- -
- -
- -
0.64
2025
0.17
- -
- -
- -
0.58
2026
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.26
2025
0.02
- -
- -
- -
0.21
2026
0.06
- -
- -
- -
- -
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Business
Shanghai International Port (Group) Co., Ltd. (SIPG) operates as the principal operator of the Port of Shanghai, the world's largest container port by throughput volume. Established in 2002 and headquartered in Shanghai, China, SIPG manages multiple major terminals, including Yangshan Deep-Water Port and Waigaoqiao Port. The company’s core operations encompass container handling; bulk cargo terminal services including stevedoring of bulk, general and special cargo; roll-on/roll-off for wheeled cargo; cruise terminal services; port logistics; tugboat operations; shipping pilotage; and cargo tallying. SIPG also provides shipping logistics, customs clearance, and supply chain management services, serving domestic and international shipping, logistics, and trade sectors primarily in the Yangtze River Delta and wider China regions. In 2024, SIPG achieved a record container throughput exceeding 50 million TEUs, maintaining its position as the world's busiest container port for the 15th consecutive year. Financial performance in 2024 remained stable with a 13% profit increase driven by expanded volumes and operational efficiency. The company advanced its strategic goals aligning with China’s 14th Five-Year Plan, focusing on innovation-driven growth, intelligent port systems, and sustainability initiatives. Recent strategic developments include the acquisition of an 18% stake in Jiangsu Lianyungang Port Co., Ltd. to promote regional integration and enhance logistics capacity. SIPG also expanded strategic cooperation with international entities, such as its collaboration with Gemini Cooperation to enhance global route networks and logistics efficiency. Investments in digitalization, smart port technologies, and green energy projects continue to underpin SIPG’s operational improvements and long-term sustainable development objectives. SIPG’s business segments target container shipping lines, bulk cargo operators, logistics providers, and global trading enterprises, leveraging its geographic advantage in the Yangtze River Economic Belt and Belt and Road Initiative corridors. The company is majority-owned by the Shanghai state-owned Assets Supervision and Administration Commission, with China Merchants Port increasing its stake recently. SIPG remains committed to maintaining leadership in port operations through continuous capacity expansion, technology upgrades, and enhanced customer service standards, aiming to consolidate Shanghai’s status as an international shipping and financial hub. Overall, SIPG offers a comprehensive portfolio of port operation services and logistics solutions, supported by strategic equity investments and innovative infrastructure developments, positioning it for sustained growth in China’s and global maritime trade landscapes.