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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 other terminal related businesses. It operates through the following segments: Container Shipping Business, Terminal Business, and Corporate and Other Operations. The Corporate and Other Operations segment consists of investment holding, management services, and financing. The company was founded on March 3, 2005 and is headquartered in Shanghai, China.

Financial Highlights

Dec 2022 HKDUSD
Gross Profit197,462.28M25,217.10M
Operating income184,486.55M23,560.03M
Income before tax191,716.64M24,483.35M
Net income127,549.32M16,288.80M
Diluted EPS7.891.00
Dividends Per Share3.760.48
Total Assets574,595.43M73,619.36M
Total liabilities289,954.55M37,150.08M
Total equity224,977.70M28,825.00M
Operating cash flow229,644.89M29,327.01M
Currency in HKDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 142,539.88M 170,700.45M 192,442.41M 402,171.59M 454,753.40M
Gross Profit 9,747.14M 16,484.57M 26,284.91M 168,065.56M 197,462.28M
Operating income 3,270.23M 6,085.76M 15,875.06M 153,796.58M 184,486.55M
Income before tax 1,861.77M 2,266.78M 13,309.21M 151,402.55M 191,716.64M
Net income 1,282.83M 1,536.46M 11,155.01M 107,684.33M 127,549.32M
EBITDA 8,168.44M 19,735.56M 29,732.18M 169,509.32M 208,133.95M
Diluted EPS 0.09 0.43 0.62 6.69 7.89
Dividends Per Share 0 0 0 1.02 3.76
Total Assets 260,165.41M 293,322.59M 322,406.49M 506,768.51M 574,595.43M
Total liabilities 195,902.99M 215,999.42M 229,100.09M 287,241.21M 289,954.55M
Total equity 26,098.45M 39,553.17M 52,066.04M 163,543.06M 224,977.70M
Operating cash flow 7,250.49M 20,371.89M 48,358.52M 205,483.17M 229,644.89M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 18,186.80M 21,786.36M 24,812.08M 51,740.64M 58,074.71M
Gross Profit 1,243.64M 2,103.91M 3,388.98M 21,622.16M 25,217.10M
Operating income 417.25M 776.72M 2,046.81M 19,786.41M 23,560.03M
Income before tax 237.54M 289.30M 1,715.99M 19,478.41M 24,483.35M
Net income 163.67M 196.09M 1,438.24M 13,853.92M 16,288.80M
EBITDA 1,042.21M 2,518.83M 3,833.44M 21,807.90M 26,579.94M
Diluted EPS 0.01 0.05 0.08 0.86 1.00
Dividends Per Share 0 0 0 0.13 0.48
Total Assets 33,229.50M 37,645.03M 41,580.18M 65,001.15M 73,619.36M
Total liabilities 25,021.61M 27,721.37M 29,546.62M 36,843.27M 37,150.08M
Total equity 3,333.41M 5,076.25M 6,714.86M 20,977.01M 28,825.00M
Operating cash flow 925.09M 2,600.04M 6,234.98M 26,436.05M 29,327.01M

Valuation Measures

Dec 2022
Operating margin40.56%
Profit margin28.04%


  • General Manager & Executive Director: Zhi Jian Yang
  • Chief Financial & Accountant Officer: Qi Zheng
  • Executive Director & Deputy General Manager: Wei Zhang
  • Deputy General Manager: Jian Ping Ye
  • Securities Affairs: Yue Ming Zhang


  • China State-Owned Assets Supervision & Admn Commission (11.1%)
  • The Vanguard Group, Inc. (4.2%)
  • BlackRock Fund Advisors (2.4%)
  • Da Cheng Fund Management Co., Ltd. (2.4%)
  • Dimensional Fund Advisors LP (1.2%)
  • BlackRock Investment Management (UK) Ltd. (0.8%)
  • Norges Bank Investment Management (0.8%)
  • BlackRock Advisors (UK) Ltd. (0.7%)
  • Geode Capital Management LLC (0.6%)
  • SSgA Funds Management, Inc. (0.3%)

Contact Details

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  • Evergreen Marine Corp. (Taiwan) Ltd.
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Last Updated on 22 Sep, 2023

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