Asia300

COSCO SHIPPING Holdings Co. Ltd.

China

  • 1m
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  • 1y
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Sep 22, 2017
Prev close: 4.5
Sep 22, 2017
Market cap:
Market cap(USD):
77,052.41M
9,869.97M
Shares: 10,216.27M

Currency in HKD

Company profile

Market(Ticker): HKG(1919)
Sector:
Industry:
Transportation
Marine Shipping
Full time employees: 20,790

Business summary

COSCO SHIPPING Holdings Co. Ltd. engages in the provision of shipping, logistics, and leasing services. It operates through following business segments: Container Shipping, Dry Bulk Shipping, Logistics, Container Terminal Operations, Container Leasing, Management and Sale, and Corporate and Other Operations. The company was founded on March 3, 2005 and is headquartered in Tianjin, China.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 82,999.00M
Gross profit -970.32M
Operating income -5,804.05M
Income before tax -11,676.31M
Net income -11,574.35M
EBITDA -2,628.07M
Diluted EPS -0.82
Dividends per share --
Total assets 133,489.54M
Total liabilities 91,351.16M
Total equity 20,442.22M
Operating cash flow 2,983.10M

Currency in HKD

Revenue 10,692.36M
Gross profit -125.00M
Operating income -747.70M
Income before tax -1,504.20M
Net income -1,491.06M
EBITDA -338.56M
Diluted EPS -0.10
Dividends per share --
Total assets 17,217.45M
Total liabilities 11,782.45M
Total equity 2,636.63M
Operating cash flow 384.29M

Currency in USD

Valuation measures

Dec 2016

PER --
ROA -7.12%
ROE -42.45%
Operating margin -6.99%
Profit margin -13.94%

Key executive

  • General Manager, Executive Director & Deputy GM: Zun Wu Xu
  • Chief Financial Officer: Huang Jun Deng
  • Deputy General Manager: Jin Guang Qiu
  • Executive Director & GM-Transportation Division: Hai Min Wang
  • Executive Director: Wei Zhang

Share holders

  • China State-Owned Assets Supervision & Admn Commission(3.3%)
  • The Vanguard Group, Inc.(3.3%)
  • Schroder Investment Management (Hong Kong) Ltd.(0.8%)
  • Dimensional Fund Advisors LP(0.4%)
  • Parametric Portfolio Associates LLC(0.3%)
  • BlackRock Advisors (UK) Ltd.(0.2%)
  • First Trust Advisors LP(0.1%)
  • Charles Schwab Investment Management, Inc.(0.1%)
  • AcomeA SGR SpA(0.1%)
  • CCB International Asset Management Ltd.(0.1%)

Address

  • Website: http://www.chinacosco.com
  • Address: 2/F, 12 Yuanhang Commercial Center, Zhongxin Avenue, Tianjin, 300461, China
  • Phone: +86.22.6627.0898

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