Asia300

COSCO SHIPPING Holdings Co. Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 3.53
Mar 24, 2017
Market cap:
Market cap(USD):
60,599M
7,801.69M
Shares: 10,216.3M

Currency in HKD

Company profile

Market(Ticker): HKG(1919)
Sector:
Industry:
Transportation
Marine Shipping
Full time employees: 28,063

Business summary

COSCO SHIPPING Holdings Co. Ltd. engages in the provision of shipping, logistics, and leasing services. It operates through following business segments: Container Shipping, Dry Bulk Shipping, Logistics, Container Terminal Operations, Container Leasing, Management and Sale, and Corporate and Other Operations. The company was founded on March 3, 2005 and is headquartered in Tianjin, China.

Company background

China Cosco Holdings is China's major state-run shipping company. It owns a roughly 44% stake in container terminal operator Cosco Pacific. It also has container shipping company Cosco Container Lines and bulk carrier operator China Cosco Bulk Shipping (Group) under its umbrella.

China Cosco Holdings was established in March 2005. The company was listed on the Hong Kong Stock Exchanges and Clearing (HKEX) in June 2005 and on the Shanghai Stock Exchange in 2007.

The company is actively expanding overseas. In 2005, it acquired a 20% shareholding in a container terminal on the Suez Canal, in Egypt, and jointly began a high-speed shipping service from South China to the Middle East with Japanese shipping company Kawasaki Kisen Kaisha.

It has also started operating a terminal at the Port of Rotterdam, the Netherlands, with Japanese and South Korean companies. In addition, it has teamed up with Japan Freight Railway to pick up cargo at Japanese or Chinese ports and carry it by rail from there.

As of the end of 2014, Cosco Pacific had container berths at 123 locations at 21 ports around the world. Its annual handling capacity is 65.75 million TEU; it controls about 9.3% of the global share of the total transaction volume.

The company was able to transport 174 container ships, or 756,979 containers, as of the end of 2012. As of the end of 2011, it was able to transport 374 bulk carriers and had carrying capacity of 33.8 million tons.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 70,818.96M
Gross profit 2,844.02M
Operating income -2,429.60M
Income before tax 487.18M
Net income 349.55M
EBITDA 2,742.36M
Diluted EPS 0.03
Dividends per share 0
Total assets 176,869.39M
Total liabilities 122,986.49M
Total equity 29,423.88M
Operating cash flow 9,560.60M

Currency in HKD

Revenue 9,134.89M
Gross profit 366.84M
Operating income -313.39M
Income before tax 62.84M
Net income 45.08M
EBITDA 353.73M
Diluted EPS 0.00
Dividends per share 0
Total assets 22,821.41M
Total liabilities 15,868.91M
Total equity 3,796.55M
Operating cash flow 1,233.21M

Currency in USD

Valuation measures

Dec 2015

PER 95.13
ROA 0.19%
ROE 1.16%
Operating margin -3.43%
Profit margin 0.49%

Key executive

  • General Manager, Executive Director & Deputy GM: Zun Wu Xu
  • Chief Financial Officer: Huang Jun Deng
  • Deputy General Manager: Jin Guang Qiu
  • Executive Director & GM-Transportation Division: Hai Min Wang
  • Executive Director: Wei Zhang

Share holders

  • China State-Owned Assets Supervision & Admn Commission(3.3%)
  • The Vanguard Group, Inc.(3.1%)
  • BlackRock Fund Advisors(1.2%)
  • BlackRock Advisors (UK) Ltd.(0.8%)
  • Dimensional Fund Advisors LP(0.5%)
  • BlackRock Investment Management (UK) Ltd.(0.2%)
  • Parametric Portfolio Associates LLC(0.2%)
  • The Caisse de depot et placement du Quebec(0.1%)
  • AcomeA SGR SpA(0.1%)
  • Charles Schwab Investment Management, Inc.(0.0%)

Address

  • Website: http://www.chinacosco.com
  • Address: 2/F, 12 Yuanhang Commercial Center, Zhongxin Avenue, Tianjin, 300461, China
  • Phone: +86.22.6627.0898

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.