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    Marine Shipping
Hainan Strait Shipping Co.,Ltd.

Hainan Strait Shipping Co.,Ltd.

002320.SZ
Hainan Strait Shipping Co.,Ltd.CN flagShenzhen Stock Exchange
6.26
CNY
-0.04
- -
14.00BMarket Cap
Hainan Strait Shipping Co.,Ltd.
002320.SZ
(Shenzhen Stock Exchange)

Recent

price

6.26

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.32
0.34
0.31
0.29
0.32
0.37
0.42
0.57
0.47
0.51
0.48
0.63
1.33
1.76
2.3
2.29
2.13
Revenue per Share
0.1
0.11
0.07
0.05
0.05
0.06
0.08
0.13
0.09
0.1
0.11
0.12
0.07
0.19
0.14
0.08
0.06
Basic EPS, GAAP
0.05
0.09
-0.03
-0.24
-0.16
0.04
0.14
0.27
0.09
0.17
0.18
-0.48
0.44
0.73
0.63
0.47
-0.07
Free Cash Flow per Basic Share
0.05
0.07
0.07
0.03
0.01
0.01
0.01
0.01
0.05
0.05
0.09
0.09
0.1
0.04
0.15
0.07
0.05
Dividend per Share
0.25
0.35
0.4
0.4
0.44
0.5
0.56
0.76
0.7
0.91
1.15
1.53
1.51
1.65
1.58
1.62
1.54
Book Value per Share
0.95
1
1.01
1.02
1.07
1.13
1.81
2.08
1.61
1.71
1.76
2.61
2.7
2.64
3.74
2.56
2.68
Tangible Book Value per Share
1,879
1,883
1,875
1,871
1,838
1,838
1,839
1,708
2,228
2,192
2,229
2,229
2,228
2,229
2,229
2,234
2,228
Basic Weighted Avg Shares
600
644
582
536
595
683
775
978
1,050
1,110
1,073
1,399
2,963
3,932
5,133
5,120
4,736
Sales/Revenue/Turnover
36.12
34.05
21.04
10.71
12.95
18.89
21
29.47
25.3
25.29
28.48
26.08
29.24
38.85
28.61
25.89
25.71
Operating Margin (%)
30
31
43
49
79
92
121
130
142
138
141
174
383
349
502
512
- -
Depreciation Expense
188
206
133
85
84
117
138
228
211
219
249
266
152
434
310
173
139
Net Income, GAAP
22.07
24.32
25.62
28.5
27.21
25.7
27.88
23.92
25.6
25.65
15.48
15.35
19.96
19.95
23.64
25.59
27.32
Effective Tax Rate (%)
31.27
31.99
22.76
15.92
14.07
17.18
17.84
23.29
20.06
19.74
23.25
19
5.13
11.03
6.04
3.38
2.93
Profit Margin (%)
1,332
1,367
1,167
706
447
619
805
1,127
1,212
1,435
1,703
671
1,278
1,221
2,228
379
366
Working Capital
- -
- -
- -
- -
101
91
67
46
24
- -
19
9
461
526
861
1,586
1,141
LT Debt
1,785
1,887
1,890
1,906
1,972
2,080
3,365
3,581
3,635
3,790
3,971
6,221
6,390
6,261
8,713
6,098
6,337
Total Equity
9.54
9
4.8
2.16
2.79
4.44
4.15
6.16
5.38
5.56
6.57
5.87
10.33
17.62
13.07
10.81
11.87
Return on Invested Capital (%)
42.76
35.88
14.85
9.68
9.68
12.3
13.03
18.45
14.32
12.22
10.86
5.97
-5.96
-5.64
-6.85
-6.87
-7.9
Return on Capital (%)
45.52
36.4
18.88
11.35
10.65
13.55
14.25
19.54
14.74
12.39
10.98
8.92
4.49
12.28
8.6
4.86
3.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
527
106
209
LT Borrowings
815
398
1,092
LT Finance Leases
46
75
49
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,229
2,229
2,229
Market Capitalization
14,602
13,432
14,568

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,432
2,637
3,293
Cash, Cash Equivalents & STI
2,939
2,091
2,732
Accounts Receivable, Net
146
258
196
Inventories
74
70
100
Total Current Liabilities
1,205
811
2,927
Payables & Accruals
- -
- -
- -
ST Debt
527
106
209
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.53%
13.31%
-30.01%
Free Cash Flow
-19.33%
-107.1%
-26.31%
Net Income, GAAP
16.93%
15.28%
-44.13%
Sales/Revenue/Turnover
25.47%
41.04%
-0.26%
Total Cash Common Dividend
72.71%
26.46%
-52.48%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,389
975
855
1,000
5,133
2025
1,478
1,403
1,197
- -
5,120
2026
1,547
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
- -
- -
- -
0.14
2025
0.05
- -
- -
- -
0.08
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.15
2025
- -
- -
- -
- -
0.07
2026
- -
- -
- -
- -
- -
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Business
Hainan Strait Shipping Co., Ltd. (002320.SZ) engages primarily in maritime transportation and ferry port services across the Qiongzhou Strait in China, operating passenger roll-on/roll-off (ro-ro) ferry routes that connect Hainan Province with mainland ports including Haikou to Hai'an in Guangdong Province, Haikou to Guangzhou, and Haikou to Beihai in Guangxi Province; the company provides ship transportation for automobiles, passengers, cargo, and related logistics services such as bulk cargo transport, container shipping, chartering, port handling, storage, and maintenance at key facilities like Xiuying Port Area and Xinhai Port Area. Founded in 2002 and headquartered in Haikou, Hainan, the company operates as a subsidiary under COSCO Shipping Group, focusing on domestic coastal transportation in the South China Sea region with a fleet supporting high-volume passenger and vehicle flows, having transported millions of passengers and hundreds of thousands of vehicles annually in recent years. In recent developments, Hainan Strait Shipping agreed in March 2025 to acquire COSCO Shipping Ferry Co., Ltd. from COSCO Shipping Co., Ltd. for CNY 2.5 billion to expand its ferry operations; the company completed berth improvements at Xiuying Port's 11and 16berths in 2024 to boost cross-strait capacity, initiated navigational channel widening in Xinhai Port Area, announced plans in November 2024 to invest CNY 260 million in a new ship, and reported strong earnings growth for the full year ended December 31, 2024, driven by higher operating income.