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COSCO SHIPPING Holdings Co
(OTC:1919)
COSCO SHIPPING Holdings Co (1919) vs. S&P 500 (SPY)
COSCO SHIPPING Holdings Co Business Overview & Revenue Model
COSCO SHIPPING Holdings Co Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 175.45B | 391.06B | 333.69B | 171.26B | 151.06B | Gross Profit |
| 27.59B | 173.07B | 141.15B | 24.33B | 16.23B | EBIT |
| 24.64B | 167.26B | 128.24B | 13.93B | 17.68B | EBITDA |
| 56.15B | 191.24B | 144.68B | 30.40B | 21.59B | Net Income Common Stockholders |
| 23.86B | 109.79B | 89.35B | 9.93B | 10.35B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 181.21B | 236.97B | 178.69B | 53.51B | 51.40B | Total Assets |
| 462.43B | 511.78B | 413.67B | 271.93B | 262.22B | Total Debt |
| 84.55B | 93.26B | 124.34B | 138.44B | 151.22B | Net Debt |
| -96.56B | -143.61B | -53.99B | 85.59B | 100.89B | Total Liabilities |
| 219.21B | 258.26B | 234.81B | 193.23B | 193.10B | Stockholders Equity |
| 196.12B | 200.38B | 133.09B | 43.91B | 35.36B |
| Cash Flow | Free Cash Flow | |||
| 7.29B | 186.31B | 161.40B | 38.36B | 10.12B | Operating Cash Flow |
| 22.61B | 196.80B | 170.95B | 45.03B | 21.20B | Investing Cash Flow |
| -18.35B | ― | ― | ― | 4.40B | Financing Cash Flow |
| -60.02B | ― | ― | ― | -9.54B |
COSCO SHIPPING Holdings Co Technical Analysis
COSCO SHIPPING Holdings Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $234.22B | 3.64 | 24.28% | 7.62% | 30.58% | ― | |
73 Outperform | $8.65B | 8.72 | 7.27% | 5.97% | 12.03% | 20.45% | |
66 Neutral | $47.85B | 6.72 | 9.73% | 10.10% | 3.41% | ― | |
64 Neutral | $4.24B | 11.64 | 5.23% | 249.83% | 4.07% | -10.54% | |
63 Neutral | HK$15.68B | 5.97 | 5.64% | 5.89% | 5.93% | -3.64% | |
62 Neutral | $27.01B | 7.22 | 5.72% | 3.81% | 74.12% | 11.54% |
COSCO SHIPPING Holdings Co Corporate Events
COSCO SHIPPING Holdings Co., Ltd. has announced a class meeting for its H shareholders to discuss and potentially approve a special resolution regarding the repurchase of A Shares. This move is part of the company’s strategic efforts to manage its share capital and optimize its financial structure. The resolution, if passed, would authorize the Board to handle various aspects of the repurchase process, including determining the timing, price, and purpose of the repurchase, as well as making necessary amendments to the Articles of Association. This initiative could impact the company’s market positioning and shareholder value by potentially enhancing share liquidity and capital management.
COSCO SHIPPING Holdings Co., Ltd. announced a final cash dividend of RMB 1.03 per share for the year ending December 31, 2024. The dividend, subject to shareholder approval on May 28, 2025, will be paid on June 27, 2025. The announcement includes details on withholding tax rates for different types of shareholders, with non-resident enterprise shareholders subject to a 10% tax and mainland individual investors facing a 20% tax. This update reflects the company’s commitment to returning value to shareholders while navigating tax implications for various investor categories.
COSCO SHIPPING Holdings Co., Ltd. has announced its upcoming annual general meeting scheduled for May 28, 2025, where several key resolutions will be considered. These include the approval of the 2024 financial reports, a final dividend payment of RMB1.03 per share, and the authorization of the Board to determine the 2025 interim profit distribution plan. Additionally, the company plans to approve a Shareholders Return Plan for 2025-2027 and a mandate for external guarantees up to US$4.355 billion. The appointment of SHINEWING (HK) CPA Limited and ShineWing Certified Public Accountants, LLP as auditors, along with their fees, will also be discussed. A special resolution to grant an A Share Repurchase Mandate is on the agenda, indicating strategic financial management and shareholder value enhancement efforts.
COSCO SHIPPING Holdings Co., Ltd. has announced proposed amendments to its Articles of Association, including the abolition of its Supervisory Board, in response to recent changes in Chinese company law and guidelines. The company also plans to reduce its registered capital by RMB323,861,094 following the repurchase and cancellation of shares. These changes are subject to shareholder approval and are intended to align the company’s governance structure with updated regulations, potentially impacting its operational efficiency and market positioning.
COSCO SHIPPING Holdings Co., Ltd. announced a significant transaction involving the construction of fourteen vessels, with a total investment of US$3,080 million. This move is part of the company’s strategic expansion to strengthen its fleet and improve its competitive positioning in the shipping industry. The transaction is classified as both a disclosable and connected transaction under Hong Kong’s Listing Rules, requiring independent shareholder approval. The company plans to finance up to 60% of the contract price through external debt or bank loans, with the remainder funded from internal resources.
COSCO SHIPPING Holdings Co., Ltd. has released its unaudited first quarterly report for 2025, in compliance with the listing rules of the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The report, which covers the financial performance for the three months ended March 31, 2025, emphasizes the company’s commitment to transparency and accuracy, with key executives ensuring the truthfulness of the information provided. This announcement is significant for stakeholders as it reflects the company’s financial health and adherence to regulatory requirements, potentially impacting its market positioning and investor confidence.
COSCO SHIPPING Holdings Co., Ltd. announced the resignation of Mr. CHEN Yangfan from his roles as vice chairman of the board and executive director due to a change in work arrangements, effective April 16, 2025. The company has nominated Mr. ZHANG Feng for election as an executive director, subject to shareholder approval at the upcoming general meeting. Mr. ZHANG brings extensive experience in container shipping operations and overseas enterprise management, which is expected to strengthen the company’s leadership and strategic direction.
COSCO SHIPPING Holdings Co., Ltd. announced the composition of its seventh session of the board of directors, highlighting the leadership roles within various committees. This announcement is significant as it outlines the strategic direction and governance structure of the company, which could impact its operational efficiency and stakeholder confidence.
COSCO SHIPPING Holdings Co., Ltd. has announced that its board of directors will convene a meeting on April 29, 2025, to review and approve the unaudited financial results for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial performance and operational strategies, potentially impacting its market position and stakeholder interests.
COSCO SHIPPING Holdings Co., Ltd. has announced a plan to repurchase A Shares and H Shares as approved by their board. The A Shares Repurchase Plan aims to safeguard the company’s value and boost investor confidence by aligning the market price with the intrinsic value of the shares. The plan involves repurchasing between 50 million to 100 million A Shares through centralized price bidding on the Shanghai Stock Exchange, with a maximum fund allocation of RMB1.483 billion. This strategic move is expected to enhance shareholder value and stabilize the company’s stock performance.
COSCO SHIPPING Holdings Co., Ltd. announced an impressive financial performance for the first quarter of 2025, with significant increases in earnings before interest and tax (EBIT) and net profit compared to the same period in 2024. The company attributed this growth to proactive market strategies, improved customer service standards, and a focus on digital intelligence and green development, which have strengthened its core competitiveness and operational stability.
COSCO SHIPPING Holdings Co., Ltd. has announced a series of leadership changes, including the nomination of Mr. XU Feipan for election as an executive Director, subject to shareholder approval. Additionally, the company has appointed Mr. XU Feipan as Deputy General Manager and Mr. PAN Zhigang as Chief Financial Officer, effective from April 3, 2025. These changes are part of the company’s strategic efforts to strengthen its leadership team and enhance operational efficiency.
COSCO SHIPPING Holdings Co., Ltd. announced the composition of its seventh session of the board of directors, highlighting key appointments including WAN Min as chairman and executive director. The announcement also detailed the membership of various board committees, which are crucial for strategic development, risk control, audit, remuneration, and nomination processes. This restructuring aims to strengthen the company’s governance and operational oversight, potentially impacting its strategic positioning and stakeholder confidence.
COSCO SHIPPING Holdings Co., Ltd. has announced a proposed provision of guarantees mandate to support its operational, investment, and financing needs. The company plans to seek approval from shareholders at the upcoming Annual General Meeting to provide guarantees up to US$4.355 billion, covering its subsidiaries and associated companies. This move is aimed at strengthening the company’s financial stability and operational capabilities, potentially enhancing its market position and reassuring stakeholders of its commitment to sustainable growth.
COSCO SHIPPING Holdings Co., Ltd. reported a substantial increase in its financial performance for the year ended December 31, 2024. The company’s revenues rose by 33.29% to RMB233.86 billion, while profit attributable to equity holders more than doubled, reaching RMB49.17 billion, representing a 106.09% increase compared to the previous year. The impressive financial results highlight COSCO SHIPPING Holdings’ strong market positioning and operational efficiency, potentially benefiting stakeholders through proposed dividends and reinforcing its competitive edge in the shipping industry.
COSCO SHIPPING Holdings Co., Ltd. announced a final cash dividend of RMB 1.03 per share for the year ending December 31, 2024. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders, with further details on currency exchange rates and payment dates to be announced.
COSCO SHIPPING Holdings Co., Ltd. has announced the proposed re-appointment of SHINEWING (HK) CPA Limited as its international auditor and ShineWing Certified Public Accountants, LLP as its domestic auditor for the year 2025. The re-appointment, which includes audit fees of RMB7.803 million and RMB12.70 million respectively, is subject to shareholder approval at the upcoming annual general meeting on 28 May 2025. This move is part of the company’s compliance with the listing rules and aims to ensure continued financial oversight and transparency.