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    Industrials

  3. •

    Marine Shipping
COSCO SHIPPING Development Co., Ltd.

COSCO SHIPPING Development Co., Ltd.

CITAY
COSCO SHIPPING Development Co., Ltd.US flagOther OTC
7.00
USD
- -
- -
1.85BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
146.97
155
156.92
68.22
69.92
71.37
52.37
73.95
151.92
94.76
57.94
102.09
95.05
105.37
Basic EPS, GAAP
-11.32
4.54
-0.86
1.58
6.26
5.93
6.42
7.83
24.9
14.5
5.21
6.23
6.07
6.6
Free Cash Flow per Basic Share
-15.66
-12.98
-35.88
-29.5
-15.48
-57.67
-64.46
-88.92
-80.73
0.41
-1.6
-11.87
-16.77
-38.03
Dividend per Share
2.51
2.46
4.7
8.34
13.61
17.62
18.87
17.39
14.27
21.46
19.27
18.34
15.93
17.64
Book Value per Share
28.47
33
81.21
63.44
68.31
74.34
66.95
69.25
104.59
97.01
97.6
99.55
104.16
102.53
Tangible Book Value per Share
103.24
106.34
193.15
56.92
71.06
76.59
88.58
98.01
131.19
104.4
105.81
110.66
115.29
113.73
Basic Weighted Avg Shares
234
234
233
234
234
234
272
273
245
271
271
271
265
267
Sales/Revenue/Turnover
34,341
36,233
36,581
15,965
16,341
16,684
14,229
20,220
37,168
25,634
15,685
27,627
25,201
28,125
Operating Margin (%)
-8.28
1.13
-1.34
6.24
16.59
21
19.1
19.51
24.76
23.54
23.25
13.16
14.33
13.24
Depreciation Expense
1,546
1,591
2,909
2,835
3,275
3,206
3,141
3,464
2,166
2,320
2,533
2,775
3,007
- -
Net Income, GAAP
-2,646
1,061
-199
369
1,462
1,386
1,743
2,141
6,091
3,922
1,409
1,686
1,609
1,761
Effective Tax Rate (%)
- -
- -
197.94
- -
- -
- -
- -
13.56
- -
- -
- -
- -
- -
12.31
Profit Margin (%)
-7.71
2.93
-0.54
2.31
8.95
8.31
12.25
10.59
16.39
15.3
8.98
6.1
6.39
6.26
Working Capital
3,928
102
-12,917
-20,885
-16,379
-24,702
-24,468
-26,622
-20,313
-17,186
-15,590
-21,243
-26,157
-26,381
LT Debt
12,709
15,257
28,475
65,529
66,653
61,207
63,273
53,875
45,412
56,556
57,798
55,698
53,030
49,837
Total Equity
24,218
24,877
45,277
13,563
16,745
18,037
24,208
27,406
32,689
28,893
29,284
30,606
31,228
30,997
Return on Invested Capital (%)
- -
- -
0.64
- -
- -
- -
- -
2.48
- -
- -
- -
- -
- -
2.7
Return on Capital (%)
- -
- -
-1.66
- -
- -
- -
- -
3.08
- -
- -
- -
- -
- -
4.36
Return on Common Equity (%)
-33.18
14.77
-1.5
2.18
9.49
8.31
9.8
11.53
27.36
15.14
5.35
6.32
5.9
6.49

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
33,152
44,417
42,356
LT Borrowings
55,542
47,649
49,721
LT Finance Leases
156
133
116
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13,576
13,504
13,310
Market Capitalization
10,258
10,056
13,886

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
18,128
21,295
22,351
Cash, Cash Equivalents & STI
8,736
11,056
10,977
Accounts Receivable, Net
2,552
3,282
3,957
Inventories
2,268
2,414
2,114
Total Current Liabilities
39,371
50,509
48,732
Payables & Accruals
- -
- -
- -
ST Debt
33,152
44,417
42,356
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.41%
3.11%
2.03%
Free Cash Flow
34.34%
13.45%
38.45%
Net Income, GAAP
15.5%
19.98%
-4.54%
Sales/Revenue/Turnover
5.68%
16.27%
-8.78%
Total Cash Common Dividend
19.77%
1.96%
-14.94%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,940
6,821
8,112
7,755
27,627
2025
5,418
6,840
5,635
- -
25,201
2026
5,986
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.65
- -
- -
- -
6.23
2025
1.8
- -
- -
- -
6.07
2026
1.57
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.09
- -
- -
- -
18.34
2025
3.53
- -
- -
- -
15.93
2026
3.37
- -
- -
- -
- -

Company Description

APIChat
CEO
Mingwen Zhang
Full Time Employees
15,669
Sector
Industrials
Industry
Marine Shipping
Address
No.5299 Binjiang Avenue Shanghai People's Republic of China 200127
IPO Date
Oct 28, 2010
Website
development.coscoshipping.com
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Business
COSCO SHIPPING Development Co., Ltd. (Stock Code: 601866.SH/02866.HK) operates as a subsidiary of China COSCO SHIPPING Corporation Limited, focusing on the shipping and logistics industry through container manufacturing, container leasing, shipping leasing, and investment management businesses. Established in 1997 and headquartered in Shanghai, China, the company engages in the research, development, production, and sales of international-standard dry cargo containers, refrigerated containers, specialized containers, and container houses, along with after-sales services; it ranks as the world's second-largest container manufacturer, serving global shipping lines and leasing companies while advancing smart manufacturing, technological innovation, and green low-carbon transformation. Its container leasing segment provides global leasing, management, sales, and full lifecycle asset management; the shipping leasing business offers operating and financial leases for container ships, dry bulk carriers, and other vessel types; and the investment management arm drives industrial growth through equity and debt investments, strategic emerging portfolios, and shipping supply chain collaborations, primarily targeting domestic Chinese and international markets with operations spanning multiple regions. In October 2025, COSCO SHIPPING Development (Hainan), a wholly-owned subsidiary, entered into 23 shipbuilding contracts with COSCO SHIPPING Heavy Industry (Dalian) for 87,000 DWT methanol-ready eco-friendly bulk cargo vessels at an aggregate price of RMB7.337 billion (exclusive of tax), with deliveries scheduled between May 2027 and December 2028; concurrently, it signed a vessel leasing agreement with COSCO SHIPPING Bulk for these vessels over 240 months ±180 days, supporting long-term stable income and industry-finance synergy while promoting RMB use in international shipping.