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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 2021 HKDUSD
Revenue402,171.19M51,740.59M
Gross Profit168,067.63M21,622.43M
Operating income153,738.97M19,779.00M
Income before tax151,333.56M19,469.54M
Net income107,620.68M13,845.74M
EBITDA169,441.71M21,799.21M
Diluted EPS6.690.86
Dividends Per Share1.020.13
Total Assets506,025.94M64,905.91M
Total liabilities287,231.99M36,842.09M
Total equity162,809.71M20,882.94M
Operating cash flow205,416.85M26,427.52M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 104,237.99M 142,539.88M 170,700.45M 192,442.41M 402,171.19M
Gross Profit 8,597.32M 9,747.14M 16,484.57M 26,284.91M 168,067.63M
Operating income 2,760.86M 3,270.23M 6,085.76M 15,875.06M 153,738.97M
Income before tax 4,613.59M 1,861.77M 2,266.78M 13,309.21M 151,333.56M
Net income 3,069.44M 1,282.83M 1,536.46M 11,155.01M 107,620.68M
EBITDA 5,390.05M 8,168.44M 19,735.56M 29,732.18M 169,441.71M
Diluted EPS 0.20 0.09 0.43 0.62 6.69
Dividends Per Share 0 0 0 0 1.02
Total Assets 159,887.31M 260,165.41M 293,322.59M 322,406.49M 506,025.94M
Total liabilities 107,415.15M 195,902.99M 215,999.42M 229,100.09M 287,231.99M
Total equity 24,812.34M 26,098.45M 39,553.17M 52,066.04M 162,809.71M
Operating cash flow 6,972.50M 7,250.49M 20,371.89M 48,358.52M 205,416.85M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 13,376.16M 18,186.80M 21,786.36M 24,812.08M 51,740.59M
Gross Profit 1,103.23M 1,243.64M 2,103.91M 3,388.98M 21,622.43M
Operating income 354.28M 417.25M 776.72M 2,046.81M 19,779.00M
Income before tax 592.03M 237.54M 289.30M 1,715.99M 19,469.54M
Net income 393.88M 163.67M 196.09M 1,438.24M 13,845.74M
EBITDA 691.66M 1,042.21M 2,518.83M 3,833.44M 21,799.21M
Diluted EPS 0.02 0.01 0.05 0.08 0.86
Dividends Per Share 0 0 0 0 0.13
Total Assets 20,453.01M 33,229.50M 37,645.03M 41,580.18M 64,905.91M
Total liabilities 13,740.69M 25,021.61M 27,721.37M 29,546.62M 36,842.09M
Total equity 3,174.03M 3,333.41M 5,076.25M 6,714.86M 20,882.94M
Operating cash flow 894.73M 925.09M 2,600.04M 6,234.98M 26,427.52M

Valuation Measures

Dec 2021
PER1.83
ROA25.98%
ROE100.17%
Operating margin38.22%
Profit margin26.75%

Key executives

  • General Manager & Executive Director: Zhi Jian Yang
  • Chief Financial Officer & Head-Accountant: Qi Zheng
  • Deputy General Manager: Wei Zhang
  • Deputy General Manager: Wei Zhang
  • Deputy General Manager: Jian Ping Ye

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (6.7%)
  • AQR Capital Management LLC (4.9%)
  • The Vanguard Group, Inc. (3.4%)
  • BlackRock Fund Advisors (2.4%)
  • UBS Asset Management Switzerland AG (1.8%)
  • UBS Switzerland AG (Investment Management) (1.5%)
  • Dimensional Fund Advisors LP (1.2%)
  • Norges Bank Investment Management (0.7%)
  • BlackRock Advisors (UK) Ltd. (0.7%)
  • Geode Capital Management LLC (0.6%)

Contact Details

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

Related Companies

  • COSCO Supply Chain Management Co., Ltd.
  • Sanlly Container Service Co., Ltd.
  • Tianjin Port Zhongji Zhenhua Logistics Co., Ltd..
  • COSCO Investment Ltd.
  • ASL Shipping & Logistics (India) Pvt Ltd.
  • Cosco Shipping Lines (India) Pvt Ltd.
  • COSCO SHIPPING lines West Asia FZE
  • COSCO SHIPPING Lines (Germany) GmbH
  • COSCO Wuhan Logistics Co., Ltd.
  • COSCO SHIPPING (Central America), Inc.
  • COSCO Assets Management Ltd.
  • COSCO SHIPPING Lines (South Africa) (Pty) Ltd.
  • Yangpu Cosco Shipping Refrigeration Storage & Transportation C
  • China Shipping Container Lines Hainan Co., Ltd.
  • China Shipping Container Lines Guangzhou Co., Ltd.
  • China Shipping Container Lines Shanghai Co., Ltd
  • China Shipping Container Lines (Qingdao) Co., Ltd.
  • COSCO Shipping Lines (Panama), Inc.
  • COSCO SHIPPING Lines (Brazil) SA
  • Shanghai COSCON Document Services Co., Ltd.
  • COSCO SHIPPING Lines (Japan) Co., Ltd.
  • COSCO (CAYMAN) Mercury Co. Ltd.
  • COHEUNG SHIPPING Co., Ltd.
  • COSCO SHIPPING Lines Americas, Inc.
  • COSCO SHIPPING Lines (Korea) Co., Ltd.
  • COSCO SHIPPING Lines (Hainan) Co., Ltd.
  • COSCO SHIPPING Lines (Southern China) Co., Ltd.
  • COSCO SHIPPING Lines (Xiamen) Co., Ltd.
  • COSCO SHIPPING Lines (Dalian) Co., Ltd.
  • COSCO SHIPPING Lines (Wuhan) Co., Ltd.

Competitors

  • Evergreen Marine Corp. (Taiwan) Ltd.
  • HMM CO.,LTD
  • A.P. Moller - Maersk A/S Class B
  • Hapag-Lloyd AG
  • Yang Ming Marine Transport Corp.
  • Wan Hai Lines Ltd.
  • ZIM Integrated Shipping Services Ltd.
Last Updated on 3 Oct, 2022

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