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    Marine Shipping
COSCO SHIPPING Specialized Carriers Co.,Ltd.

COSCO SHIPPING Specialized Carriers Co.,Ltd.

600428.SS
COSCO SHIPPING Specialized Carriers Co.,Ltd.CN flagShanghai Stock Exchange
8.29
CNY
-0.35
- -
22.75BMarket Cap
COSCO SHIPPING Specialized Carriers Co.,Ltd.
600428.SS
(Shanghai Stock Exchange)

Recent

price

8.29

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
3.11
3.06
4.52
4.33
4.53
4.04
2.81
3.04
3.52
3.85
3.25
4.08
5.69
5.68
7.82
8.95
6.83
Revenue per Share
0.24
0.09
-0.04
0.02
0.12
0.09
0.02
0.11
0.04
0.05
0.06
0.14
0.38
0.5
0.71
0.69
0.49
Basic EPS, GAAP
-0.9
-1.37
-0.51
-0.69
0.21
-0.07
-1.1
-0.02
-0.09
0.01
0.4
0.39
0.7
0.42
1.39
1.8
-0.79
Free Cash Flow per Basic Share
0.02
0.09
0.1
0.08
0.09
0.12
0.1
0.12
0.16
0.15
0.12
0.1
0.14
0.29
0.35
0.36
0.03
Dividend per Share
2.18
2.08
2.16
2.16
2.31
2.36
2.14
2.19
2.2
2.25
2.29
2.39
2.7
3.02
3.47
3.47
3.43
Book Value per Share
3.21
3.94
5.01
3.65
3.74
3.82
4.37
4.25
4.27
4.33
4.28
4.45
4.95
5.37
6.38
7.08
6.85
Tangible Book Value per Share
1,416
1,688
1,703
1,718
1,691
1,693
2,094
2,140
2,152
2,147
2,163
2,145
2,144
2,146
2,147
2,595
2,742
Basic Weighted Avg Shares
4,407
5,163
7,690
7,442
7,663
6,841
5,883
6,509
7,579
8,266
7,040
8,753
12,207
12,197
16,780
23,211
18,726
Sales/Revenue/Turnover
7.31
0.63
0.95
0.7
1.41
1.82
1.81
9.09
7.01
6.29
5.84
13.32
14.69
9.05
14.51
15.3
14.55
Operating Margin (%)
168
278
534
584
621
644
719
879
909
904
865
937
1,135
1,383
1,808
3,364
- -
Depreciation Expense
340
152
-66
33
198
146
50
238
86
101
125
300
821
1,064
1,531
1,780
1,336
Net Income, GAAP
19.41
23.67
247.11
- -
10.56
47.59
46.06
25.2
30.08
48.7
16.46
34.25
22.52
9.71
12.32
17.43
18.57
Effective Tax Rate (%)
7.71
2.94
-0.86
0.44
2.58
2.13
0.85
3.65
1.14
1.22
1.78
3.43
6.73
8.73
9.12
7.67
7.14
Profit Margin (%)
895
1,816
1,754
-1,707
-926
-2,104
-1,732
-608
-2,123
-2,730
-1,099
-1,291
-1,689
-669
-1,247
585
690
Working Capital
2,864
3,771
6,144
4,736
5,348
4,914
5,503
6,824
5,295
4,845
6,362
5,871
7,086
8,919
10,935
12,006
11,637
LT Debt
4,557
6,647
8,826
6,561
6,606
6,743
9,420
9,510
9,601
9,661
9,563
9,653
10,717
11,620
13,790
18,533
18,962
Total Equity
3.45
0.24
-0.75
- -
0.68
0.47
0.37
2.59
2.14
1.52
1.92
4.16
7.14
4.66
8.29
8.83
6.24
Return on Invested Capital (%)
6.26
2.88
-3.28
- -
2.92
2.06
1.35
3.46
2.35
2.08
2.52
3.12
6.96
8.52
8.56
6.49
5.03
Return on Capital (%)
11.65
4.6
-1.85
0.88
5.19
3.68
1.19
5.18
1.83
2.11
2.57
5.96
15.04
17.35
21.99
21.65
15.02
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
6,518
6,549
LT Borrowings
- -
2,589
2,729
LT Finance Leases
- -
9,417
8,908
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
2,744
2,744
Market Capitalization
14,307
15,229
24,654

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
11,976
12,998
Cash, Cash Equivalents & STI
- -
6,963
7,216
Accounts Receivable, Net
- -
975
1,437
Inventories
- -
1,033
1,202
Total Current Liabilities
- -
11,390
12,308
Payables & Accruals
- -
- -
- -
ST Debt
- -
6,518
6,549
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.47%
14.69%
34.39%
Free Cash Flow
560.02%
64.35%
56.98%
Net Income, GAAP
68.75%
80.51%
16.29%
Sales/Revenue/Turnover
14.69%
27.92%
38.32%
Total Cash Common Dividend
20.38%
33.59%
21.94%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,430
4,050
4,563
4,737
16,780
2025
5,196
5,579
- -
6,600
23,211
2026
6,547
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
- -
- -
- -
0.71
2025
0.16
- -
- -
- -
0.69
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.35
2025
0.02
- -
- -
- -
0.36
2026
0.01
- -
- -
- -
- -
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Business
COSCO SHIPPING Specialized Carriers Co., Ltd. functions as a premier global shipping entity, specializing in complex maritime transport. The company manages a substantial fleet of over 170 dedicated vessels, establishing itself as a world leader in specialized shipping. This diverse array includes multi-purpose and heavy lift vessels, advanced semi-submersible ships, pure car carriers, log carriers, and asphalt carriers, alongside pulp and roll-on/roll-off vessels. The company excels in moving a wide range of challenging cargo, such as oil drilling rigs, large engineering vessels, critical port machinery, locomotives, extensive wind energy components, and bridge cranes, in addition to complete industrial equipment, vehicles, and steel. They provide regular liner services across key international pathways, encompassing routes from the Far East to Southeast Asia/India, the Mediterranean Sea/Europe, the Persian Gulf/Red Sea, Africa, the Americas, and Australia. Recent strategic enhancements include the introduction of new direct lines such as the Northwest Europe Liner, enhanced Persian Gulf Liner services, and a dedicated Southeast Asia Heavy Lift Liner. Furthermore, the company recently launched a direct "Fuzhou – Persian Gulf" route specifically for auto exports and a Suzhou-Chancay direct sea route for general cargo. In a move to further bolster its capabilities, the company is expanding its fleet with new vessels and has introduced innovative solutions like a 40-foot ultra-wide flat-rack container for machinery exports. Established in 1961, the company, formerly known as Guangzhou Ocean Shipping Co., Ltd., is headquartered in Guangzhou, China, and operates as a core subsidiary of China Ocean Shipping Co., Ltd.