Top Page
COSCO SHIPPING Development Co
(OTC:2866)
COSCO SHIPPING Development Co (2866) vs. S&P 500 (SPY)
COSCO SHIPPING Development Co Business Overview & Revenue Model
COSCO SHIPPING Development Co Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 27.63B | 15.69B | 25.63B | 37.17B | 18.98B | Gross Profit |
| 4.82B | 4.83B | 7.27B | 10.85B | 4.78B | EBIT |
| 1.79B | 1.41B | 9.03B | 8.03B | 6.15B | EBITDA |
| 8.59B | 7.81B | 9.62B | 11.75B | 8.10B | Net Income Common Stockholders |
| 1.69B | 1.41B | 3.92B | 6.09B | 2.14B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 8.74B | 13.69B | 16.20B | 19.09B | 13.29B | Total Assets |
| 126.37B | 125.93B | 128.15B | 132.62B | 146.04B | Total Debt |
| 72.12B | 76.54B | 93.18B | 91.29B | 108.26B | Net Debt |
| 63.42B | 63.52B | 77.62B | 73.27B | 95.62B | Total Liabilities |
| 95.76B | 96.65B | 99.25B | 99.93B | 121.67B | Stockholders Equity |
| 30.30B | 29.28B | 28.89B | 32.69B | 24.37B |
| Cash Flow | Free Cash Flow | |||
| ― | ― | 110.19M | ― | ― | Operating Cash Flow |
| 6.70B | 5.31B | 11.21B | 14.58B | 9.89B | Investing Cash Flow |
| ― | 962.73M | ― | ― | ― | Financing Cash Flow |
| ― | -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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $234.22B | 3.64 | 24.28% | 7.62% | 30.58% | ― | |
73 Outperform | HK$8.65B | 8.72 | 7.27% | 5.97% | 12.03% | 20.45% | |
71 Outperform | $109.06B | 5.34 | 20.63% | 4.17% | 2.84% | ― | |
66 Neutral | $48.10B | 6.48 | 9.73% | 10.41% | 3.41% | ― | |
64 Neutral | $111.20B | 5.35 | 22.05% | 18.21% | 2.87% | ― | |
64 Neutral | $4.25B | 11.72 | 5.24% | 249.79% | 4.07% | -9.45% | |
62 Neutral | HK$27.01B | 7.22 | 5.72% | 3.81% | 74.12% | 11.54% |
COSCO SHIPPING Development Co Corporate Events
COSCO SHIPPING Development Co., Ltd. has released its unaudited financial results for the first quarter of 2025, reporting a 9.68% increase in revenue compared to the same period last year, reaching approximately RMB 5.42 billion. The net profit attributable to shareholders rose by 7.56%, while net profit excluding extraordinary gains or losses saw a significant increase of 105.52%. The company also experienced a 41.20% rise in net cash flow from operating activities. These results indicate a positive financial performance and suggest a strong operational momentum for the company, which could enhance its position in the shipping industry and provide favorable implications for its stakeholders.
COSCO SHIPPING Development Co., Ltd. has appointed Mr. Zhang Mingming as the new Deputy General Manager, effective April 17, 2025. Mr. Zhang brings extensive experience in financial management within the shipping industry, having held various senior roles in finance departments across related companies. This appointment is expected to strengthen the company’s leadership team and enhance its financial management capabilities.
COSCO SHIPPING Development Co., Ltd. has announced an upcoming board meeting scheduled for April 29, 2025, where the unaudited first quarterly results for the period ending March 31, 2025, will be discussed. This announcement is crucial as it provides stakeholders with insights into the company’s financial performance and strategic direction for the year, potentially impacting its market positioning and investor confidence.
COSCO SHIPPING Development Co., Ltd. has announced a positive profit alert for the first quarter of 2025, expecting a significant increase in net profit attributable to its owners. The company anticipates a net profit of approximately RMB480 million, marking a 7.38% increase compared to the same period in 2024, and a 57.38% rise from the previous quarter. This growth is attributed to the company’s strategic focus on reform and innovation, leveraging its leasing-manufacturing synergy, and enhancing its industrial-financial service capabilities, which have collectively led to improved quality and efficiency in its operations.
COSCO SHIPPING Development Co., Ltd. has announced a voluntary share repurchase plan, approved by the Board, to buy back A Shares and H Shares under a General Mandate. The A Share Repurchase Plan aims to safeguard the company’s value and protect shareholder interests by repurchasing shares through centralized price bidding on the Shanghai Stock Exchange, as the current share price is below the net asset value. This move is expected to enhance investor confidence and align the market price with the intrinsic value of the company.
COSCO SHIPPING Development Co., Ltd. has announced the appointment of Ms. Yu Tao as the new Deputy General Manager, effective from April 7, 2025. Ms. Yu brings extensive experience in logistics and shipping, having held various senior management positions within the COSCO group. Her appointment is expected to strengthen the company’s leadership team and enhance its strategic operations in the shipping industry.
COSCO SHIPPING Development Co., Ltd. reported its annual financial results for the year ended December 31, 2024, showing a significant increase in revenue from continuing operations, amounting to RMB27.4 billion. The company achieved a profit before tax of RMB1.55 billion and a profit attributable to owners of RMB1.69 billion, reflecting strong performance in both continuing and discontinued operations. The board has proposed a final dividend of RMB0.019 per share, indicating a positive outlook for shareholders.
COSCO SHIPPING Development Co., Ltd. has announced a final cash dividend of RMB 0.019 per share for the financial year ending December 31, 2024. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, although specific details such as the exchange rate, ex-dividend date, and payment date are yet to be announced.
COSCO SHIPPING Development Co., Ltd. has announced that its board of directors will convene on March 28, 2025, to discuss the company’s annual financial results for the year ending December 31, 2024. The meeting will also consider the potential distribution of dividends, which could impact shareholder returns and reflect the company’s financial health and strategic direction.