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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  Shanghai International Port (Group) Co Ltd    600018   CNE0000013N8

SHANGHAI INTERNATIONAL PORT (GROUP) CO L

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Shanghai International Port : New book records stories from an ever-evolving metropolis

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01/12/2019 | 06:45am EDT

WHILE realistic movies and TV dramas caught China's imagination last year, writers are also turning their pens to the struggles and stories of individuals, as a part of the glorious grand picture celebrating the 40th anniversary of the country's reform and opening-up policies.

"Records of Shanghai" is an anthology of 40 short non-fiction pieces based on interviews with dozens of locals, who helped build the city's industries. Thirty-five authors, from Shanghai Writers' Association, took a year to painstakingly put it altogether.

Each story, between 5,000 and 8,000 words, reveals new details or fresh perspectives of the city, including its first metro line, the free trade zone, its port and the progress toward an environmentally friendly city, among other things.

Several of the contributions come from young writers, born either in the 1980s or 1990s. Like their young readers, they are not so familiar with the city of the 1970s and 1980s, and are more intrigued about the vivid details than formal reports.

"Quite a few writers picked out stories of ordinary citizens. It was amazing to see how the tedious tasks of everyday life are behind every big achievement the city has reached over the past 40 years," said Chen Si, one of the contributors of the anthology in her 20s.

She interviewed an overhead crane operator at Shanghai International Port Group, who had witnessed the rapid development of the city's international port in his seemingly boring and repetitive job.

"The changes in people's daily life often reflects more about the big picture. For example, you can find a lot from a grandmother's book about the prices of groceries over the past 30 or 40 years," said Wang Weisong, the publisher of the anthology.

"And these details are more encapsulating and closer to readers."

Cheng Xiaoying, another contributor of the anthology, was a textile factory worker in the 1970s at a time when a lot of local factories, including the many textile ones, were located at the industrial zone on Yangshupu Road in Yangpu District.

The writer said the time he spent working in the factory more than 40 years ago is still vivid today and has inspired her to write a piece about the textile industry in Shanghai.

"We had these little corners upstairs, the culture and entertainment space where we, the workers, gathered to watch TV or read pamphlets. A memory full of passion that is hard to imagine today," the author recalled.

"It is nostalgic and it is also intriguing to track those moments and recapture how the ordinary workers thought about their work, their lives, the city and the country they live in."

Other stories in the collection includes a young engineer in his 30s, elderly neighborhood committee aunts, who helped with day-to-day troubles in the community, race car field workers who tried all means to keep a record of car racing since 1980s, and many other ordinary residents who had a real-life story to tell.

(c) 2019 Shanghai Daily Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (CNY)
Sales 2019 47 007 M
EBIT 2019 12 109 M
Net income 2019 10 979 M
Debt 2019 14 638 M
Yield 2019 2,83%
P/E ratio 2019 15,52
P/E ratio 2020 13,96
EV / Sales 2019 3,97x
EV / Sales 2020 3,63x
Capitalization 172 B
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 6,37  CNY
Spread / Average Target -14%
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Managers
NameTitle
Jun Yan President & Director
Xu Yuan Chen Chairman
Kang Gao Chairman-Supervisory Board
Yuan Kang Zhou Member-Supervisory Board
Ke Zhang Wang Director
Sector and Competitors
1st jan.Capitalization (M$)
SHANGHAI INTERNATIONAL PORT (GROUP) CO LTD43.24%25 615
DP WORLD PLC--.--%13 571
ADANI PORTS & SPECIAL ECONOMIC ZONE-5.31%11 028
MISC BHD--.--%7 423
CHINA MERCHANTS PORT HOLDINGS CO LTD14.65%6 907
WESTPORTS HOLDINGS BHD--.--%3 177