COSCO SHIPPING International (Hong Kong) Co., Ltd.
0.77
EUR
-0.02
(-2.53%)
COSCO SHIPPING International (Hong Kong) Co., Ltd.
GETTEX:CSB
(Gettex)
Recent
price
0.77
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
HKD
•
in mil. unless spec.Working Capital
HKD
•
in mil. unless spec.Growth Rates
HKD
•
in mil. unless spec.Semi-annual Revenue
HKD
•
in mil. unless spec.Semi-annual Earnings Per Share
HKD
•
in mil. unless spec.Semi-annual Dividends Per Share
HKD
•
in mil. unless spec.- Similar Companies
- Business
- COSCO SHIPPING International (Hong Kong) Co., Ltd. functions as an investment holding entity, providing a comprehensive range of maritime and shipping-related solutions across mainland China and international markets. The company’s operations are diversified across several key business areas. Its coatings division develops and distributes a variety of protective products, including specialized paints for containers, robust industrial heavy-duty anti-corrosion applications, and marine vessels. The marine equipment and spare parts unit is engaged in the procurement and delivery of essential components for new ship constructions and existing fleets, alongside offering radio communication, satellite communication, and navigation systems for ships, offshore installations, coastal stations, and land-based users, further supplying marine materials and performing voyage repair services. This particular segment accounts for the largest share of the company's revenue. Through its ship trading agency, the company delivers extensive brokerage and advisory services for shipbuilding, vessel transactions, and bareboat chartering of both pre-owned and obsolete ships. This extends to providing technical and commercial consultation, assisting in new construction negotiations, managing purchase and sale contracts for second-hand vessels, and overseeing the construction and delivery processes for new builds. The insurance brokerage arm facilitates a broad spectrum of marine and non-marine coverage, acting as an intermediary for both primary insurance and reinsurance needs, encompassing services like risk assessment, program design, and claims handling. Furthermore, the intelligent shipping services department offers advanced, eco-friendly, and digitally integrated solutions, supporting the entire operational lifespan of maritime vessels, with a strategic focus on digitalization and green energy transformation. The trading and supply of marine fuel division provides sourcing, commercial exchange, and intermediary services for marine bunkers and associated products. Lastly, the general trading operations manage the procurement, storage, and distribution of asphalt, a wide array of vessel components, and diverse other commodities. Established in 1991, COSCO SHIPPING International (Hong Kong) is headquartered in Central, Hong Kong. It operates as a subsidiary of COSCO SHIPPING (Hong Kong) Co., Limited, which is ultimately part of the larger COSCO Shipping Group. The company, formerly known as COSCO International Holdings Limited, officially adopted its current name in November 2016. Recent achievements include a significant increase in profit attributable to equity holders for the first half of 2024, driven by improved operational efficiency in its core shipping services and robust contributions from its joint venture, Jotun COSCO. The company has also maintained a 100% dividend payout ratio since 2020, emphasizing its commitment to shareholder returns.