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COSCO SHIPPING Development Co
(2866)
COSCO SHIPPING Development Co (2866) vs. iShares MSCI Hong Kong ETF (EWH)
COSCO SHIPPING Development Co Business Overview & Revenue Model
COSCO SHIPPING Development Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.13B | 27.63B | 15.69B | 25.63B | 37.17B | 18.98B |
| Gross Profit | 4.94B | 4.82B | 4.83B | 7.27B | 10.85B | 4.78B |
| EBITDA | 5.88B | 8.59B | 7.81B | 9.62B | 11.75B | 8.10B |
| Net Income | 1.76B | 1.69B | 1.41B | 3.92B | 6.09B | 2.14B |
Balance Sheet | ||||||
| Total Assets | 130.29B | 126.37B | 125.93B | 128.15B | 132.62B | 146.04B |
| Cash, Cash Equivalents and Short-Term Investments | 10.98B | 8.74B | 13.69B | 16.20B | 19.09B | 13.29B |
| Total Debt | 69.61B | 72.12B | 76.54B | 93.18B | 91.29B | 108.26B |
| Total Liabilities | 99.29B | 95.76B | 96.65B | 99.25B | 99.93B | 121.67B |
| Stockholders Equity | 30.62B | 30.30B | 29.28B | 28.89B | 32.69B | 24.37B |
Cash Flow | ||||||
| Free Cash Flow | -1.46B | -3.21B | ― | 110.19M | ― | ― |
| Operating Cash Flow | 1.29B | 6.70B | 5.31B | 11.21B | 14.58B | 9.89B |
| Investing Cash Flow | 312.70M | -3.11B | 962.73M | ― | ― | ― |
| Financing Cash Flow | 1.40B | -8.29B | -8.93B | ― | 5.90B | ― |
COSCO SHIPPING Development Co Technical Analysis
COSCO SHIPPING Development Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $244.89B | 4.03 | 16.39% | 12.48% | 30.56% | 108.49% | |
75 Outperform | HK$62.89B | 8.92 | 6.71% | 5.72% | 9.00% | -4.33% | |
74 Outperform | HK$82.09B | 15.97 | 8.93% | 4.76% | 4.90% | 6.33% | |
74 Outperform | HK$22.89B | 7.96 | 5.76% | 4.97% | 7.26% | 6.73% | |
72 Outperform | HK$37.60B | 11.95 | 3.65% | 3.23% | -0.18% | 24.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | HK$31.10B | 7.62 | 5.45% | 4.16% | 29.67% | 79.82% |
COSCO SHIPPING Development Co Corporate Events
COSCO SHIPPING Development Co., Ltd. announced the successful passing of all resolutions at its Extraordinary General Meeting (EGM) held on December 15, 2025. The meeting addressed key issues such as the 2025 Second Heavy Industry Shipbuilding Contracts and various connected transactions, with significant shareholder participation. The resolutions’ approval is expected to impact the company’s operational strategies and strengthen its industry positioning.
COSCO SHIPPING Development Co., Ltd. has announced the composition of its board of directors, detailing the roles and functions of each member. The board consists of executive, non-executive, and independent non-executive directors who serve on various committees, including audit, remuneration, nomination, investment strategy, executive, and risk and compliance management. This announcement provides clarity on the governance structure and may impact the company’s strategic direction and stakeholder confidence.
COSCO SHIPPING Development Co., Ltd. has announced the proposed appointment of Mr. Zheng Xiaozhe as a non-executive director, subject to shareholder approval at an upcoming extraordinary general meeting. Mr. Zheng brings extensive experience in insurance regulation and management, having held significant roles within the China Insurance Regulatory Commission and China United Insurance Holdings Co., Ltd. His appointment is expected to strengthen the company’s board with his expertise, although he will not receive remuneration for this role.
COSCO SHIPPING Development Co., Ltd. has announced an extraordinary general meeting to be held on December 15, 2025, to discuss and approve several resolutions related to shipbuilding contracts and continuing connected transactions. These include various service agreements with COSCO SHIPPING, which are expected to enhance operational efficiency and strengthen the company’s market position. The meeting will also consider the appointment of a new non-executive director, which may impact the company’s governance and strategic direction.
COSCO SHIPPING Development Co., Ltd. announced the closure of its register of members for H Shares from December 10 to December 15, 2025, in preparation for an Extraordinary General Meeting (EGM) scheduled on December 15, 2025. The meeting will address approvals for the 2025 Second Heavy Industry Shipbuilding Contracts and various connected transactions, impacting shareholder voting rights and company operations.
COSCO SHIPPING Development Co., Ltd. has entered into several master agreements with COSCO SHIPPING to continue their connected transactions beyond the expiration of existing agreements in 2025. These agreements encompass a range of services including operating leases, finance leases, vessel and container services, and property leasing. The transactions are significant due to COSCO SHIPPING’s status as an indirect controlling shareholder, necessitating compliance with Hong Kong Listing Rules, including reporting and independent shareholder approval.
COSCO SHIPPING Development Co., Ltd. has announced major transactions involving the construction of twenty-three 87,000 DWT bulk cargo vessels with Heavy Industry (Dalian) at a contract price of approximately RMB7.337 billion. Additionally, the company has entered into a vessel leasing agreement with COSCO SHIPPING Bulk, covering the same vessels for a lease period of 240 months. These transactions are significant under the Listing Rules, requiring various levels of reporting and approval due to their scale and the connected nature of the parties involved.
COSCO SHIPPING Development Co., Ltd. has announced the signing of six contracts with China State Shipbuilding Industry for the construction of six 307,000 DWT VLCCs, amounting to approximately RMB5.09 billion. Additionally, a vessel leasing agreement was approved with Pan Cosmos for these vessels, marking a significant expansion in COSCO’s fleet and leasing operations. These transactions are considered discloseable under Hong Kong’s Listing Rules, indicating a strategic move to enhance the company’s market position and operational capacity.
COSCO SHIPPING Development Co., Ltd. has announced a change in the composition of its board committees, appointing Mr. Wang Kunhui as a member of both the executive and investment strategy committees. This strategic move is likely to strengthen the company’s governance and align its investment strategies with its operational goals, potentially impacting its market positioning and stakeholder interests.
COSCO SHIPPING Development Co., Ltd. has announced the composition of its board of directors, detailing the roles and functions of each member. The board comprises executive, non-executive, and independent non-executive directors, with six board committees overseeing various aspects of the company’s governance. This announcement provides clarity on the leadership structure, potentially impacting the company’s strategic direction and operational efficiency.
COSCO SHIPPING Development Co., Ltd. has announced its financial results for the third quarter of 2025, reporting a revenue of RMB 7.31 billion, a decline of 9.92% compared to the same period last year. Despite a decrease in net profit attributable to shareholders by 13.42%, the company saw a 13.71% increase in total profit from the beginning of the year to the end of the reporting period. The report highlights a significant drop in net cash flow from operating activities by 65.76%, indicating potential challenges in liquidity management. The company’s total assets increased by 4.29% from the end of the previous year, suggesting a stable asset base despite operational challenges.
COSCO SHIPPING Development Co., Ltd. has announced that its Board of Directors will hold a meeting on 30 October 2025 to discuss and release the unaudited third quarterly results for the nine months ending 30 September 2025. This announcement is significant as it provides insights into the company’s financial performance and may impact its market positioning and stakeholder interests.