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
Financial Highlights
| Dec 2022 | HKD | USD |
| Revenue | 454,753.40M | 58,074.71M |
| Gross Profit | 197,462.28M | 25,217.10M |
| Operating income | 184,486.55M | 23,560.03M |
| Income before tax | 191,716.64M | 24,483.35M |
| Net income | 127,549.32M | 16,288.80M |
| EBITDA | 208,133.95M | 26,579.94M |
| Diluted EPS | 7.89 | 1.00 |
| Dividends Per Share | 3.76 | 0.48 |
| Total Assets | 574,595.43M | 73,619.36M |
| Total liabilities | 289,954.55M | 37,150.08M |
| Total equity | 224,977.70M | 28,825.00M |
| Operating cash flow | 229,644.89M | 29,327.01M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 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 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 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 | |
| PER | 0.89 |
| ROA | 23.59% |
| ROE | 65.65% |
| Operating margin | 40.56% |
| Profit margin | 28.04% |
Key executives
- General Manager & Executive Director: Zhi Jian Yang
- Chief Financial Officer & Head-Accountant: Qi Zheng
- Executive Director & Deputy General Manager: Wei Zhang
- Deputy General Manager: Jian Ping Ye
- Securities Affairs: Yue Ming Zhang
Shareholders
- China State-Owned Assets Supervision & Admn Commission (11.1%)
- The Vanguard Group, Inc. (3.4%)
- BlackRock Fund Advisors (2.6%)
- Da Cheng Fund Management Co., Ltd. (2.1%)
- UBS Asset Management Switzerland AG (1.8%)
- UBS Switzerland AG (Investment Management) (1.5%)
- Dimensional Fund Advisors LP (1.4%)
- Norges Bank Investment Management (0.8%)
- BlackRock Advisors (UK) Ltd. (0.7%)
- Geode Capital Management LLC (0.6%)
Contact Details
- Website:http://www.hold.coscoshipping.com
- Address: 8 Floor, No. 658, Dong Da Ming Road, Shanghai, 200080, China
- Phone: +86.21.60298620
Related Companies
- Shanghai COSCO Shipping Air Freight Forwarding Co., Ltd.
- 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.
Competitors
- Evergreen Marine Corp. (Taiwan) Ltd.
- HMM CO.,LTD
- ZIM Integrated Shipping Services Ltd.
- Yang Ming Marine Transport Corp.
- A.P. Moller - Maersk A/S Class B
- Kawasaki Kisen Kaisha, Ltd.
- Nippon Yusen Kabushiki Kaisha
- Mitsui O.S.K.Lines,Ltd.
- Hapag-Lloyd AG
- Wan Hai Lines Ltd.
- Scorpio Tankers Inc.
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