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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 2019 HKDUSD
Revenue170,700.45M21,786.36M
Gross Profit16,484.57M2,103.91M
Operating income6,085.76M776.72M
Income before tax2,266.78M289.30M
Net income1,536.46M196.09M
EBITDA19,735.56M2,518.83M
Diluted EPS-0.01-0.00
Dividends Per Share00
Total Assets293,322.59M37,645.03M
Total liabilities215,999.42M27,721.37M
Total equity39,553.17M5,076.25M
Operating cash flow20,371.89M2,600.04M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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--
ROA0.55%
ROE4.68%
Operating margin3.56%
Profit margin0.90%

Key executives

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

Shareholders

  • The Vanguard Group, Inc. (3.7%)
  • BlackRock Fund Advisors (1.6%)
  • BlackRock Investment Management (UK) Ltd. (1.1%)
  • 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%)
  • Sands Capital Management LLC (0.2%)
  • Geode Capital Management LLC (0.2%)
  • SSgA Funds Management, Inc. (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

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.
  • 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 30 Oct, 2020

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