COSCO SHIPPING Holdings Co. Ltd.

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See more articles on COSCO SHIPPING Holdings Co. Ltd.

Company Background

COSCO SHIPPING 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.

Business Summary

COSCO SHIPPING Holdings Co. Ltd. engages in the provision of container shipping, managing and operating container terminals and container leasing services. It operates through following business segments: Container Shipping, Container Terminal, and Corporate and Other Operations. The company was founded on March 3, 2005 and is headquartered in Tianjin, China.

Financial Highlights

Dec 2019	HKD	USD
Revenue	170,700.45M	21,786.36M
Gross Profit	16,484.57M	2,103.91M
Operating income	6,085.76M	776.72M
Income before tax	2,266.78M	289.30M
Net income	1,536.46M	196.09M
EBITDA	19,735.56M	2,518.83M
Diluted EPS	-0.01	-0.00
Dividends Per Share	0	0
Total Assets	293,322.59M	37,645.03M
Total liabilities	215,999.42M	27,721.37M
Total equity	39,553.17M	5,076.25M
Operating cash flow	20,371.89M	2,600.04M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	68,024.35M	81,594.36M	104,237.99M	142,539.88M	170,700.45M
Gross Profit	1,939.11M	-1,337.18M	8,597.32M	9,747.14M	16,484.57M
Operating income	370.51M	-5,313.76M	2,760.86M	3,270.23M	6,085.76M
Income before tax	229.27M	-8,010.30M	4,613.59M	1,861.77M	2,266.78M
Net income	411.64M	-8,444.91M	3,069.44M	1,282.83M	1,536.46M
EBITDA	5,587.10M	-2,215.94M	5,390.05M	8,168.44M	19,735.56M
Diluted EPS	0.05	-0.85	0.30	0.14	-0.01
Dividends Per Share	0	0	0	0	0
Total Assets	191,549.93M	133,489.54M	159,887.31M	260,165.41M	293,322.59M
Total liabilities	128,089.94M	91,598.47M	107,415.15M	195,902.99M	215,999.42M
Total equity	34,085.99M	20,442.22M	24,812.34M	26,098.45M	39,553.17M
Operating cash flow	7,139.37M	201.88M	6,972.50M	7,250.49M	20,371.89M

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	8,774.42M	10,511.40M	13,376.16M	18,186.80M	21,786.36M
Gross Profit	250.12M	-172.26M	1,103.23M	1,243.64M	2,103.91M
Operating income	47.79M	-684.54M	354.28M	417.25M	776.72M
Income before tax	29.57M	-1,031.92M	592.03M	237.54M	289.30M
Net income	53.09M	-1,087.91M	393.88M	163.67M	196.09M
EBITDA	720.67M	-285.46M	691.66M	1,042.21M	2,518.83M
Diluted EPS	0.00	-0.11	0.03	0.01	-0.00
Dividends Per Share	0	0	0	0	0
Total Assets	24,715.64M	17,217.45M	20,453.01M	33,229.50M	37,645.03M
Total liabilities	16,527.41M	11,814.35M	13,740.69M	25,021.61M	27,721.37M
Total equity	4,398.10M	2,636.63M	3,174.03M	3,333.41M	5,076.25M
Operating cash flow	920.90M	26.00M	894.73M	925.09M	2,600.04M

Valuation Measures

Dec 2019
PER	--
ROA	0.55%
ROE	4.68%
Operating margin	3.56%
Profit margin	0.90%

Key executives

Chief Accountant: Ming Wen Zhang
Head-Investor Relations: Xiao Jing Ma
Secretary: Hua Wei Guo

Shareholders

The Vanguard Group, Inc. (3.6%)
BlackRock Fund Advisors (1.6%)
BlackRock Investment Management (UK) Ltd. (1.0%)
Dimensional Fund Advisors LP (0.9%)
FIL Investment Management (Hong Kong) Ltd. (0.9%)
Norges Bank Investment Management (0.6%)
BlackRock Advisors (UK) Ltd. (0.5%)
Amundi Asset Management SA (Investment Management) (0.4%)
GF Fund Management Co., Ltd. (0.3%)
Sands Capital Management LLC (0.2%)

Contact Details

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

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Competitors

Evergreen Marine Corp. (Taiwan) Ltd.
Orient Overseas (International) Limited
A.P. Moller - Maersk A/S Class B
Mitsui O.S.K.Lines,Ltd.
Nippon Yusen Kabushiki Kaisha
Hapag-Lloyd AG
HMM CO.,LTD
Yang Ming Marine Transport Corp.
Matson, Inc.
Navios Maritime Partners LP

Last Updated on 18 Sep, 2020