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Transportation

China COSCO Holdings Co., Ltd.

  • 3.95 HKD
  • +0.05
  • +1.28%
  • China
    Apr 20, 2018
  • Ticker
    HKG(1919)
  • Prev. close
    3.90
  • Market cap (HKD)
    62,457.30M
  • Market cap (USD)
    7,960.38M
  • Shares
    10,216.30M

Company Background

China Cosco 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 2017 HKDUSD
Revenue104,121.85M13,361.26M
Gross Profit8,871.53M1,138.42M
Operating income2,825.91M362.63M
Income before tax4,613.59M592.03M
Net income3,069.44M393.88M
EBITDA5,509.44M706.99M
Diluted EPS0.290.03
Dividends Per Share----
Total Assets159,887.31M20,453.01M
Total liabilities107,075.36M13,697.23M
Total equity24,812.34M3,174.03M
Operating cash flow9,605.02M1,232.54M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 77,946.51M 80,904.57M 80,119.54M 82,999.00M 104,121.85M
Gross Profit 148.70M 5,578.79M 3,877.52M -970.32M 8,871.53M
Operating income -5,208.94M 142.64M -1,868.45M -5,804.05M 2,825.91M
Income before tax 3,093.35M -1,080.47M 811.87M -11,676.31M 4,613.59M
Net income 297.09M 456.25M 578.87M -11,574.35M 3,069.44M
EBITDA -156.83M 5,325.99M 3,318.25M -2,628.07M 5,509.44M
Diluted EPS 0.02 0.05 0.06 -0.82 0.29
Dividends Per Share 0 0 0 0 --
Total Assets 207,392.30M 186,021.89M 191,549.93M 133,489.54M 159,887.31M
Total liabilities 153,291.07M 132,049.23M 127,840.22M 91,351.16M 107,075.36M
Total equity 31,023.94M 30,473.36M 34,085.99M 20,442.22M 24,812.34M
Operating cash flow -1,788.12M 9,001.54M 10,485.29M 2,983.10M 9,605.02M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 10,049.00M 10,432.99M 10,334.57M 10,692.36M 13,361.26M
Gross Profit 19.17M 719.40M 500.15M -125.00M 1,138.42M
Operating income -671.54M 18.39M -241.01M -747.70M 362.63M
Income before tax 398.80M -139.33M 104.72M -1,504.20M 592.03M
Net income 38.30M 58.83M 74.66M -1,491.06M 393.88M
EBITDA -20.21M 686.80M 428.01M -338.56M 706.99M
Diluted EPS 0.00 0.00 0.00 -0.10 0.03
Dividends Per Share 0 0 0 0 --
Total Assets 26,747.35M 23,987.81M 24,715.64M 17,217.45M 20,453.01M
Total liabilities 19,769.92M 17,027.95M 16,495.19M 11,782.45M 13,697.23M
Total equity 4,001.15M 3,929.58M 4,398.10M 2,636.63M 3,174.03M
Operating cash flow -230.52M 1,160.78M 1,352.49M 384.29M 1,232.54M

Valuation Measures

Dec 2017
PER13.44
ROA2.09%
ROE13.56%
Operating margin2.71%
Profit margin2.94%

Key executives

  • Chairman & General Manager: Hai Min Wang
  • Chief Financial Officer: Huang Jun Deng
  • Deputy General Manager: Jin Guang Qiu
  • Executive Director: Wei Zhang
  • Head-Investor Relations: Xiao Jing Ma

Shareholders

  • The Vanguard Group, Inc. (3.4%)
  • China State-Owned Assets Supervision & Admn Commission (3.3%)
  • First Trust Advisors LP (0.4%)
  • Dimensional Fund Advisors LP (0.3%)
  • Parametric Portfolio Associates LLC (0.2%)
  • AcomeA SGR SpA (0.1%)
  • SSgA Funds Management, Inc. (0.1%)
  • Fortune SG Fund Management Co., Ltd. (0.1%)
  • Miton Asset Management Ltd. (0.0%)
  • Charles Schwab Investment Management, Inc. (0.0%)

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

  • Shanghai Ocean Diamond Co., Ltd.
  • S. Refined Success Ltd.
  • Wuhan Cosco Logistics Co., Ltd.
  • Cosco Container Lines Southeast Asia Pte Ltd.
  • Cosco Belgium NV
  • China Shipping Container Lines Dalian Co. Ltd.
  • Coscon (M) Sdn. Bhd.
  • Silvercord Shipping Ltd.
  • Qingdao Huiquan Shipping Co.
  • COSCO Shanghai Ship Management Co. Ltd.
  • Cosco Logistics (Suzhou) Co. Ltd.
  • China COSCO Bulk Shipping (Group) Co., Ltd.
  • Cosco Cayman Fortune Holding Co. Ltd.
  • Cosco Guangzhou Co. Ltd.
  • COSCO International Freight Co. Ltd.
  • Cosco Shanghai International Freight Co. Ltd.
  • Cosco Beijing International Freight Forwarding Co.
  • COSCO Property Ltd.
  • Cosco Qingdao Co. Ltd.
  • COSCO Tianjin International Freight Co., Ltd.
  • Cosco Container Line Agencies Ltd.
  • China COSCO (Hong Kong) Ltd
  • COSCO SHIPPING Lines (Europe) GmbH
  • Qingdao Ocean Shipping Co. Ltd.
  • COSCO Container Lines Co., Ltd.
  • China COSCO Pacific Investment Holdings Co. Ltd.
  • Cosco (Cayman) Golden Co. Ltd.

Competitors

  • Orient Overseas (International) Limited
  • Mitsui O.S.K.Lines,Ltd.
  • Hyundai Merchant Marine Co., Ltd
  • Yang Ming Marine Transport Corp.
  • Nippon Yusen Kabushiki Kaisha
  • Kawasaki Kisen Kaisha, Ltd.
  • A.P. Moller - Maersk A/S Class B
  • Hapag-Lloyd AG
  • Evergreen Marine Corp. (Taiwan) Ltd.
  • Compania Sud Americana de Vapores S.A.
  • Matson, Inc.
  • Navios Maritime Partners LP
Last Updated on 20 Apr, 2018

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