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CSSC (Hong Kong) Shipping Company Limited
(Frankfurt:3877)
CSSC (Hong Kong) Shipping Company Limited (3877) vs. S&P 500 (SPY)
CSSC (Hong Kong) Shipping Company Limited Business Overview & Revenue Model
CSSC (Hong Kong) Shipping Company Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.89B | 3.63B | 3.36B | 2.52B | 1.98B | Gross Profit |
| 3.64B | 3.32B | 2.58B | 1.95B | 1.59B | EBIT |
| 1.70B | 1.55B | 2.20B | 1.82B | 1.47B | EBITDA |
| 3.26B | 3.17B | 2.68B | 2.19B | 1.74B | Net Income Common Stockholders |
| 2.11B | 1.90B | 1.68B | 1.35B | 1.11B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.59B | 1.56B | 1.39B | 1.62B | 2.78B | Total Assets |
| 43.92B | 45.14B | 40.52B | 40.88B | 30.53B | Total Debt |
| 27.94B | 31.36B | 27.82B | 29.84B | 20.55B | Net Debt |
| 26.16B | 30.42B | 26.64B | 28.41B | 18.37B | Total Liabilities |
| 29.62B | 32.31B | 28.88B | 30.78B | 21.54B | Stockholders Equity |
| 14.18B | 12.71B | 11.51B | 10.02B | 8.95B |
| Cash Flow | Free Cash Flow | |||
| 5.73B | -3.08B | 1.86B | -10.37B | -777.16M | Operating Cash Flow |
| 6.77B | -452.17M | 3.85B | -5.01B | 683.90M | Investing Cash Flow |
| -1.58B | -2.53B | -1.48B | -4.49B | -2.10B | Financing Cash Flow |
| -4.33B | 2.73B | -2.61B | 8.73B | 1.70B |
CSSC (Hong Kong) Shipping Company Limited Technical Analysis
CSSC (Hong Kong) Shipping Company Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $262.35B | 4.22 | 24.28% | 5.65% | 30.58% | ― | |
76 Outperform | $47.87B | 6.81 | 9.73% | 9.99% | 3.41% | ― | |
75 Outperform | HK$9.71B | 9.72 | 7.27% | 5.97% | 12.03% | 20.45% | |
70 Outperform | €10.90B | 5.14 | 15.41% | 7.24% | 14.56% | 10.45% | |
69 Neutral | $1.47B | 7.04 | 8.83% | 4.35% | -20.69% | -30.40% | |
68 Neutral | $7.64B | 21.96 | -0.91% | 5.27% | -8.10% | -108.48% | |
64 Neutral | $4.43B | 12.01 | 5.16% | 249.23% | 4.03% | -11.73% |
CSSC (Hong Kong) Shipping Company Limited Corporate Events
CSSC (Hong Kong) Shipping Company Limited announced the sale and leaseback of two vessels, Fortune ASP Methanol I and II, with Asia Pacific Shipping Company Limited. The transaction, valued at approximately USD118,172,000, is classified as a discloseable transaction under the Listing Rules, indicating a strategic move to optimize asset management and financial structuring without requiring shareholder approval.
CSSC (Hong Kong) Shipping Company Limited announced a voluntary sale and leaseback agreement involving two 1,800 TEU second-hand container vessels with Giga Marine Corp. Limited. The transaction, valued at approximately USD 58,977,000, aims to diversify the company’s vessel types and enhance its leasing business. The vessels, known for their energy efficiency and high-speed capabilities, are expected to be delivered in April 2025. The transaction does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules.
CSSC (Hong Kong) Shipping Company Limited has entered into a working capital loan contract with a bank for RMB800,000,000 to support its operational needs. This agreement underscores the company’s strategic alignment with China State Shipbuilding Corporation Limited, which remains its controlling shareholder, ensuring stability and continuity in its operations.
CSSC (Hong Kong) Shipping Company Limited announced a significant transaction involving the sale and leaseback of four vessels, Fortune CLB I, II, III, and IV, with German companies Hansa Guangzhou, Hansa Genoa, Hansa Georgetown, and Hansa Galveston. The deal, valued at approximately US$240.8 million, is classified as a discloseable transaction under Hong Kong’s Listing Rules, highlighting its importance in the company’s operational strategy and potential impact on its financial performance.
CSSC (Hong Kong) Shipping Company Limited reported its audited consolidated annual results for the year ended 31 December 2024, showing a revenue increase of 11.3% to HK$4,034,369,000 and a profit for the year of HK$2,155,143,000, up 12.7% from the previous year. The company’s financial position strengthened with a total equity increase of 11.4%, while its asset-liability ratio improved to 67.5%, indicating enhanced financial stability and operational efficiency.
CSSC (Hong Kong) Shipping Company Limited has announced a final ordinary cash dividend of HKD 0.104 per share for the financial year ending December 31, 2024. The payment date for the dividend is set for July 30, 2025, with further details on shareholder approval and record dates to be announced. This dividend declaration underscores the company’s financial health and commitment to returning value to its shareholders.
CSSC (Hong Kong) Shipping Company Limited has entered into new agreements with China Shipbuilding Group, extending their property leasing and shipbroking services from January 2025 to December 2027. These agreements, which are considered continuing connected transactions due to the significant shareholding of China Shipbuilding Group, are subject to certain reporting and review requirements under the Listing Rules but do not require independent shareholder approval.
CSSC (Hong Kong) Shipping Company Limited has entered into the 2025 Financial Services Framework Agreement with CSSC Finance, effective from March 26, 2025, to December 31, 2027. This agreement involves financial services including lending and deposit services, which are subject to various reporting and approval requirements under Hong Kong’s Listing Rules due to the connected nature of the transactions. The agreement aims to enhance the company’s financial operations but requires independent shareholder approval due to its implications under regulatory guidelines.
CSSC (Hong Kong) Shipping Company Limited has announced that its board of directors will meet on March 26, 2025, to consider and approve the annual results for the year ended December 31, 2024, and to discuss the payment of a final dividend. This meeting is significant as it will determine the company’s financial performance for the past year and could impact dividend payouts, affecting stakeholders’ interests.