
Phnom Penh Autonomous Port 上市
简介

Phnom Penh Autonomous Port于2015年12月9日在柬埔寨证券交易所上市。
Phnom Penh Autonomous Port (PPAP) is the largest river port operator and one of the international ports among the two international ports in Cambodia. PPAP is also the port authority in Port Commercial Zone. As the port operator, PPAP provides services on stevedoring, lift on/off, warehousing, inland container depot (ICD), stuffing/un-stuffing, reefer containers, repair/maintenance containers, consolidation/ deconsolidation, and trucking service. As the port authority, PPAP provides services on pilotage, surveying and dredging. PPAP is given the authority to look after the Port Commercial Zone of 166km long. Within the Port Commercial Zone, PPAP operates Seven terminals including 1-Container Terminal LM17, 2-Multipurpose Terminal TS3, 3-Sub-Feeder Multipurpose Terminal TS11, 4-Sub-Feeder Multipurpose Terminal UM2, 5-Passenger and Tourist Terminal TS1, 6-Sub-Feeder Multipurpose Terminal LM26, and 7-Sub-Feeder Multipurpose Terminal UM1.
如需了解更多信息,请访问 www.ppap.com.kh.
公司
关于Phnom Penh Autonomous Port
In 2025, PPAP’s market situation has improved compared to the previous year, as the impacts of war and global economic uncertainty which had affected all sectors have eased slightly, including the transportation sector in Cambodia. PPAP’s main market performance depends heavily on the growth of the country’s real estate and tourism sectors, as well as orders for textile goods from abroad, particularly the United States. Indeed, PPAP's market in 2025 has shown positive growth with the stability of the real estate and textile sectors, and in both regional and international supply chains. As a result, the volume of containers passing through PPAP increased by 25% compared to 2024. The growth in cargo throughput via PPAP in 2025 is attributed to the continued import of construction materials, which accounted for 40% of total imports and an increase of 45% compared to 2024. Garment exports accounted for 66% of total exports, representing a 20% increase compared to 2024. In terms of import origins in 2025, cargoes from Vietnam increased by 56%, Malaysia by 46%, China by 42%, and Korea by 13%, compared to 2024. As for exports, shipments to the United States increased by 43%, China by 14%, Canada by 5% and Japan by 4%, compared to 2024.
董事会
| Board of Directors (as of 28 Sep 2026) | Title |
|---|---|
| 1. H.E. HEI Bavy | Chairman & CEO of PPAP |
| 2. H.E. SUON Rachana | Member (Rep. of Ministry of Public Works & Transport) |
| 3. H.E. KEN Sambath | Member Member (Rep. of Ministry of Economy & Finance) |
| 4. H.E. PENN Sovicheat | Member (Rep. of Ministry of Commerce) |
| 5. Mrs. LAY Rachana | Member (Independent Director) |
| 6. Mrs. POK Pheakdey | Member (Non-Executive Director, Rep. of Private Shareholders) |
| 7. Mr. HUN Sokhalay | Member (Rep. of PPAP Employees) |
主要股东
| 股东 | 国籍 | 持股数量 | 持股比例 |
|---|---|---|---|
| Ministry of Economy and Finance of Cambodia | Cambodia | 16,547,492 | 80.00% |
| Total | - | 16,547,492 | 80.00% |
股息政策
The minimum guaranteed dividend yield is 5% of IPO price (KHR 5,120) applicable for at least 5 years after listing and only available for the shareholders of Class A (Voting) shares.
Following approval of the annual financial statement by the Board of Directors, if there is profit, the Board of Directors of PPAP can decide to distribute the profit to:
1. Settle payment for the loss of the previous fiscal year;
2. After settling payment for the loss of the previous fiscal year, and if there is still profit, the Board of Directors may distribute the profit as follows:
A. Appreciation to the management and employees according to the following conditions:
- In case the net profit remains from 5% to 10% of the total operating expense of PPAP in that year, the amount to show appreciation is equivalent to 1 month of the total annual average salary of the management and each employee;
- In case the net profit remains from 10% to 20% of the total operating expense of PPAP in that year, the amount of the bonus is equivalent to 2 months of the total annual average salary of the management and each employee;
- In case net profit remains at a rate exceeding 20% of the total operating expense of PPAP in that year, the amount to show appreciation is equivalent to 3 months of the total annual average salary of the management and each employee.
B. Creation of 5% [of net profit] for legal reserve and 5% of net profit for free reserve;
C. 5% of profit for Corporate Social Responsibility [fund] which will be recorded as expense in the fiscal year when the operating expense is incurred;
D. Profit remaining after the above distribution shall be distributed as dividend to the shareholders according to the resolution of the Board of Directors;
E. The final remaining profit shall be transferred into the development fund of PPAP.
上市信息
| 公司名称 | Phnom Penh Autonomous Port |
|---|---|
| 股票代码 | PPAP |
| ISIN 代码 | KH1000040001 |
| 行业 | Port Services |
| 上市股份类型 | Voting Shares |
| 上市股份数量 | 20,684,365 |
| 上市日期 | 2015年12月9日 |
| 成立年份 | 1905 |
| 员工人数 | 915 |
| 承销商 | Yuanta Securities (Cambodia) Plc. |
| 首个交易日 | Wed, Dec 09, 2015 |
| IPO 价格 | 5,120 |
| 面值 | 4,000 |
| 新发行股份 | 4,136,873 |
| 首日收盘价 | 5,140 |
交易数据摘要
| 年份 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 市值 | 295,786 | 286,272 | 289,581 | 289,581 | 304,060 |
| 最新价 | 14,300 | 13,840 | 14,000 | 14,000 | 14,700 |
| 平均价 | 13,805.00 | 13,720.00 | 14,351.00 | 14,884.00 | 14,087.00 |
| 最高价 | 15,480 | 18,300 | 15,520 | 15,980 | 15,720 |
| 最低价 | 12,540 | 12,000 | 13,600 | 13,940 | 11,500 |
| 日均成交额 | 9.37 | 14.23 | 8.02 | 47.30 | 97.49 |
| 换手率 | 4.26% | 6.05% | 3.65% | 19.99% | 72.39% |
| 市盈率 | 3.68 | 5.38 | 7.69 | 5.17 | 5.63 |
| 市净率 | 0.33 | 0.63 | 0.69 | 0.74 | 0.92 |
| 股息率 | 2.77 % | 2.50 % | 2.47 % | - | 2.26 % |
| 股息支付率 | 10.58% | 8.78% | 11.99% | 7.91% | 8.46% |
| 每股现金股息 | 396.80 | 345.60 | 345.60 | - | 332.80 |
| 净资产收益率 | 8.94 % | 6.48 % | 4.93 % | 7.94 % | 7.62 % |
| 总资产收益率 | 6.74 % | 4.98 % | 3.76 % | 6.13 % | 5.97 % |
| 负债比率 | 24.57 % | 23.00 % | 23.78 % | 22.77 % | 21.62 % |
| 流动比率 | 108.91 % | 173.00 % | 144.49 % | 348.67 % | 335.71 % |
财务摘要
| 年份 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 总资产 | 1,224,924.00 | 1,076,084.00 | 1,040,884.00 | 1,012,482.00 | 895,806.95 |
| 物业、厂房及设备 | 637,080.00 | 529,608.00 | 517,390.00 | 443,125.00 | 420,959.80 |
| 流动资产 | 68,909.00 | 80,540.00 | 49,644.00 | 128,661.00 | 96,810.90 |
| 存货 | 3,798.00 | 3,194.00 | 3,275.00 | 2,944.00 | - |
| 应收账款 | 27,770.00 | 28,321.00 | 28,684.00 | 34,166.00 | 20,918.04 |
| 现金 | 16,386.00 | 48,307.00 | 15,925.00 | 91,409.00 | 75,836.29 |
| 股东权益合计 | 903,165.00 | 832,519.00 | 796,760.00 | 768,400.00 | 705,442.29 |
| 股本 | 457,814.00 | 457,814.00 | 457,814.00 | 457,814.00 | 457,814.00 |
| 留存收益 | 79,886.00 | 54,230.00 | 40,091.00 | 59,527.00 | 51,686.01 |
| 负债合计 | 321,759.00 | 243,565.00 | 244,123.00 | 244,082.00 | 190,364.67 |
| 流动负债 | 321,759.00 | 46,431.00 | 34,358.00 | 36,901.00 | 28,837.60 |
| 应付账款 | 36,156.00 | 23,981.00 | 12,347.00 | 13,311.00 | 9,752.78 |
| 营业收入 | 201,803.00 | 169,305.00 | 142,035.00 | 148,816.00 | 125,228.15 |
| 毛利 | 128,603.00 | 104,939.00 | 88,267.00 | 97,958.00 | 85,315.71 |
| 息税前利润 | 95,860.00 | 2,550.00 | 49,508.00 | 79,844.00 | 68,566.64 |
| 净利润 | 77,553.00 | 52,750.00 | 38,606.00 | 58,498.00 | 51,695.46 |
| 每股收益 | 3,749.00 | 2,550.00 | 1,866.43 | 2,878.00 | 2,500.00 |
| 经营活动现金流 | 128,062 | 92,004 | 60,268 | 62,339 | 89,737 |
| 投资活动现金流 | (209,330) | (41,110) | (52,237) | (46,023) | (57,306) |
| 筹资活动现金流 | 49,512 | (17,906) | (17,466) | (18,409) | (16,693) |
| 现金净流量 | (31,756) | 32,988 | (9,435) | (2,092) | 15,991 |
| 审计机构 | KPMG Cambodia LTD | KPMG Cambodia LTD | KPMG Cambodia LTD | BDO Cambodia Limited | BDO Cambodia Limited |
* Data as of the end of 2026 unless otherwise stated.
信息披露
- 2026年10月13日[Disclosure] Unaudited Revenue Report for September, Quarter 3, and 9 Months of 2026 (Unofficial Translation)
- 2026年10月8日[Disclosure] Announcement on Business Outcome for September Quarter III and for the first 9 Months of 2026 of PPAP (Unofficial Translation)
- 2026年9月16日[Disclosure] Unaudited Revenue Report for August and for 8 Months of 2026 (Unofficial Translation)
- 2026年9月14日[Disclosure] Announcement on Business Outcome for August and for the first 8 Months of 2026 of PPAP (Unofficial Translation)
- 2026年8月17日[Disclosure] Second quarterly report of PPAP in 2026 (Unofficial Translation)
- 2026年8月14日[Disclosure] Increase in Profit / Loss (Unofficial Translation)
- 2026年8月12日[Disclosure] Unaudited Revenue Report for July and for 7 Months of 2026 (Unofficial Translation)
- 2026年8月11日[Disclosure] Change of Management with Decision Power (Unofficial Translation)
- 2026年8月6日[Disclosure] Announcement on Business Outcome for July and for the first 7Months of 2026 of PPAP (Unofficial Translation)
- 2026年8月4日[Disclosure] Change of Management with Decision Power (Unofficial Translation)
来源:柬埔寨证券交易所(CSX)—— csx.com.kh

