1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Marine Shipping
Ningbo Marine Company Limited

Ningbo Marine Company Limited

600798.SS
Ningbo Marine Company LimitedCN flagShanghai Stock Exchange
3.53
CNY
-0.06
- -
4.26BMarket Cap
Ningbo Marine Company Limited
600798.SS
(Shanghai Stock Exchange)

Recent

price

3.53

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
1.41
1.47
1.17
1.21
1.25
1.08
1.1
1.77
2.13
1.93
1.89
1.94
1.72
1.88
2.2
1.97
2.11
Revenue per Share
0.06
0.06
-0.14
0.01
0.01
0.02
0.09
0.18
0.2
0.14
0.14
0.26
0.09
0.09
0.02
0.02
- -
Basic EPS, GAAP
-0.09
-0.2
0.13
0.5
0.55
0.28
0.26
0.52
0.49
0.52
0.29
0.51
0.2
0.6
0.3
0.41
-0.2
Free Cash Flow per Basic Share
0.25
0.29
0.29
0.24
0.24
0.19
0.14
0.17
0.17
0.15
0.14
0.12
0.13
0.07
0.06
0.03
0.02
Dividend per Share
1.41
1.44
1.25
1.25
1.25
1.28
1.28
1.38
1.67
1.74
1.81
1.99
1.99
2.05
2.22
1.79
1.98
Book Value per Share
-1.95
-1.68
-1.77
-1.68
-1.58
-0.65
-0.42
0.57
0.88
1.17
1.37
1.72
1.84
2.09
2.48
2.18
2.3
Tangible Book Value per Share
871
861
871
875
871
973
1,031
1,207
1,206
1,207
1,206
1,207
1,206
1,207
1,106
1,369
1,207
Basic Weighted Avg Shares
1,229
1,270
1,022
1,062
1,090
1,047
1,132
2,138
2,571
2,324
2,282
2,344
2,073
2,267
2,432
2,702
2,550
Sales/Revenue/Turnover
22.5
19.62
9.78
20.88
18.84
19.83
25.44
24.19
22.67
24.36
18.77
21.7
12.71
11.88
3.13
2.22
2.77
Operating Margin (%)
234
229
266
251
253
229
243
328
352
358
359
409
416
455
491
498
- -
Depreciation Expense
55
52
-121
6
7
16
88
212
236
166
166
315
114
112
22
27
1
Net Income, GAAP
55.41
31.21
- -
- -
- -
26.68
13.91
17.41
24.63
28.07
22.5
24.32
22.81
24.84
43.46
33.94
48.86
Effective Tax Rate (%)
4.49
4.07
-11.79
0.56
0.68
1.53
7.81
9.9
9.17
7.13
7.28
13.44
5.49
4.93
0.91
1.01
0.05
Profit Margin (%)
-881
-261
-518
-479
-495
-813
-677
-158
25
368
631
217
66
297
389
549
369
Working Capital
2,926
3,566
3,425
3,256
3,068
2,085
2,065
2,012
1,833
1,691
1,630
1,318
998
872
633
563
647
LT Debt
2,474
2,611
2,433
2,409
2,393
3,101
3,216
4,243
4,515
4,733
4,878
5,134
5,094
5,193
5,122
5,087
5,013
Total Equity
2.13
2.69
- -
- -
- -
2.48
4.02
6.47
6.26
5.83
4.79
5.57
3.03
3.12
0.69
0.67
0.6
Return on Invested Capital (%)
3.56
4.2
- -
- -
- -
2.88
3.63
3.98
3.52
1.53
2.62
4.65
1.81
1.75
0.71
0.62
-0.08
Return on Capital (%)
4.56
4.2
-10.37
0.55
0.68
1.38
6.89
14.19
12.82
8.05
7.75
13.71
4.73
4.58
0.9
1.12
0.05
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
192
165
180
LT Borrowings
618
618
558
LT Finance Leases
15
83
89
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,207
1,207
1,207
Market Capitalization
3,652
3,620
5,502

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
913
951
1,004
Cash, Cash Equivalents & STI
404
474
494
Accounts Receivable, Net
367
386
411
Inventories
66
67
73
Total Current Liabilities
524
513
635
Payables & Accruals
- -
- -
- -
ST Debt
192
165
180
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.43%
0.87%
-0.7%
Free Cash Flow
32.58%
47.64%
71.86%
Net Income, GAAP
53.95%
-6.53%
23.75%
Sales/Revenue/Turnover
12.47%
3.78%
11.07%
Total Cash Common Dividend
-10.29%
-19.65%
-33.38%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
454
585
628
765
2,432
2025
392
765
712
- -
2,702
2026
617
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
- -
- -
- -
0.02
2025
-0.04
- -
- -
- -
0.02
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.06
2025
0.01
- -
- -
- -
0.03
2026
- -
- -
- -
- -
- -
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Business
Ningbo Marine Company Limited principally engages in marine transportation and transport infrastructure in China and internationally. The company operates through two main segments: Shipping and Transportation, which includes international and domestic dry bulk cargo transportation, general cargo shipping, coastal refined oil transport chiefly coal, and ship repair and construction; and Road Operation, which manages toll roads. Its shipping fleet covers vessels ranging from 5,000 to 65,000 tons with a total capacity exceeding 430,000 deadweight tons, serving over 60 ports in more than 30 countries, including coastal and Yangtze River ports in China. Additionally, Ningbo Marine provides auxiliary services such as sea cargo transfer, combined transport, warehousing, cargo collection, interior and exterior decoration, retailing, property management, and industrial investment activities. Founded in 1997 and headquartered in Ningbo, China, the company also recently completed a strategic acquisition of a 51% stake in Zhejiang Fuxing Shipping Co., Ltd. from Zhejiang Provincial Energy Group, strengthening its market position. In 2024, it announced plans to invest approximately $166 million USD in four new 64,000-ton bulk carriers to modernize and expand its fleet, reflecting a significant operational upgrade amid challenges in earnings and competitive pressures. The company employs over 800 people and continues to operate primarily within China's domestic and international markets. This strategic fleet expansion and acquisition represent key developments in its ongoing efforts to enhance operational capacity and competitiveness in the shipping and transportation sectors.