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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 2020 HKDUSD
Revenue192,442.41M24,812.08M
Gross Profit26,284.91M3,388.98M
Operating income15,875.06M2,046.81M
Income before tax13,309.21M1,715.99M
Net income11,155.01M1,438.24M
EBITDA29,732.18M3,833.44M
Diluted EPS0.900.11
Dividends Per Share----
Total Assets322,406.49M41,580.18M
Total liabilities229,100.09M29,546.62M
Total equity52,066.04M6,714.86M
Operating cash flow48,358.52M6,234.98M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 81,594.36M 104,237.99M 142,539.88M 170,700.45M 192,442.41M
Gross Profit -1,337.18M 8,597.32M 9,747.14M 16,484.57M 26,284.91M
Operating income -5,313.76M 2,760.86M 3,270.23M 6,085.76M 15,875.06M
Income before tax -8,010.30M 4,613.59M 1,861.77M 2,266.78M 13,309.21M
Net income -8,444.91M 3,069.44M 1,282.83M 1,536.46M 11,155.01M
EBITDA -2,215.94M 5,390.05M 8,168.44M 19,735.56M 29,732.18M
Diluted EPS -0.85 0.30 0.14 -0.01 0.90
Dividends Per Share 0 0 0 0 --
Total Assets 133,489.54M 159,887.31M 260,165.41M 293,322.59M 322,406.49M
Total liabilities 91,598.47M 107,415.15M 195,902.99M 215,999.42M 229,100.09M
Total equity 20,442.22M 24,812.34M 26,098.45M 39,553.17M 52,066.04M
Operating cash flow 201.88M 6,972.50M 7,250.49M 20,371.89M 48,358.52M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 10,511.40M 13,376.16M 18,186.80M 21,786.36M 24,812.08M
Gross Profit -172.26M 1,103.23M 1,243.64M 2,103.91M 3,388.98M
Operating income -684.54M 354.28M 417.25M 776.72M 2,046.81M
Income before tax -1,031.92M 592.03M 237.54M 289.30M 1,715.99M
Net income -1,087.91M 393.88M 163.67M 196.09M 1,438.24M
EBITDA -285.46M 691.66M 1,042.21M 2,518.83M 3,833.44M
Diluted EPS -0.11 0.03 0.01 -0.00 0.11
Dividends Per Share 0 0 0 0 --
Total Assets 17,217.45M 20,453.01M 33,229.50M 37,645.03M 41,580.18M
Total liabilities 11,814.35M 13,740.69M 25,021.61M 27,721.37M 29,546.62M
Total equity 2,636.63M 3,174.03M 3,333.41M 5,076.25M 6,714.86M
Operating cash flow 26.00M 894.73M 925.09M 2,600.04M 6,234.98M

Valuation Measures

Dec 2020
PER8.62
ROA3.62%
ROE24.35%
Operating margin8.24%
Profit margin5.79%

Key executives

  • General Manager & Executive Director: Zhi Jian Yang
  • Deputy General Manager: Jian Ping Ye
  • Chief Accountant: Ming Wen Zhang
  • Head-Investor Relations: Xiao Jing Ma
  • Secretary & General Counsel: Hua Wei Guo

Shareholders

  • AQR Capital Management LLC (4.9%)
  • The Vanguard Group, Inc. (3.3%)
  • UBS Asset Management Switzerland AG (2.0%)
  • Value Partners Ltd. (1.9%)
  • BlackRock Fund Advisors (1.9%)
  • UBS Switzerland AG (Investment Management) (1.5%)
  • Dimensional Fund Advisors LP (1.3%)
  • Foresight Fund Management Co., Ltd. (1.1%)
  • BlackRock Japan Co., Ltd. (1.0%)
  • BlackRock Investment Management (UK) Ltd. (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
  • ZIM Integrated Shipping Services Ltd.
  • Orient Overseas (International) Limited
  • Mitsui O.S.K.Lines,Ltd.
  • Nippon Yusen Kabushiki Kaisha
  • Hapag-Lloyd AG
  • Yang Ming Marine Transport Corp.
  • Matson, Inc.
Last Updated on 11 Jun, 2021

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