3369.HK
Red Avenue does resources

Port operator Qinhuangdao Port Co. Ltd. (3369.HK) on Tuesday reported its throughput totaled 327 million tons in the first nine months of this year, up 3.3% from a year earlier.

Within that total, coal throughput totaled 164.5 million tons, up 2.09% year-over-year; metal ore rose 5.67% to 123 million tons; oil products and liquid chemicals jumped 18% to 1.77 million tons; and standard containers climbed 3.19% to 1.27 million TEUs.

Broken down by port, throughput at the company’s namesake Qinhuangdao Port climbed 4.81% year-over-year to 145 million tons. Its Caofeidian Port edged up 0.75% to 102 million tons, while throughput for its Huanghua Port grew 3.92% to 80.3 million tons.

Shares of Qinhuangdao Port opened flat at HK$2.52 on Wednesday. The stock is down over 30% from its 52-week high.

By Lau Chi Hang

To subscribe to Bamboo Works weekly free newsletter, click here

Recent Articles