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Hainan Strait Shipping Co., Ltd. Class A

Hainan Strait Shipping Co., Ltd. Class A

SSZSE:002320
5.75
CNY
+0.09
(+1.59%)
0.43EPS
112.71P/E
14.02BMarket 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
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
2.43
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
-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
- -
Dividend per Share
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
0.11
Book Value per Share
1.01
1.05
1.11
1.79
1.61
1.63
1.7
1.78
1.79
1.77
1.92
2.87
1.79
1.81
Tangible Book Value per Share
1.01
1.05
1.11
1.78
1.59
1.61
1.68
1.76
1.61
1.6
1.75
2.7
1.62
1.65
Basic Weighted Avg Shares
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
2,234
Sales/Revenue/Turnover
536
595
683
775
978
1,050
1,110
1,073
1,399
2,963
3,932
5,133
5,120
5,439
Operating Margin (%)
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
26.43
Depreciation Expense
49
79
92
121
130
142
138
141
174
383
349
502
512
- -
Net Income, GAAP
85
84
117
138
228
211
219
249
266
152
434
310
173
124
Effective Tax Rate (%)
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
26.99
Profit Margin (%)
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
2.29
Working Capital
706
447
619
805
1,127
1,212
1,435
1,703
671
1,278
1,221
2,228
379
614
LT Debt
- -
101
91
67
46
24
- -
19
9
461
526
861
1,586
1,393
Total Equity
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
6,306
Return on Invested Capital (%)
2.92
3.16
4.36
4.2
6.41
5.76
5.88
6.33
5.29
9.89
17.65
12.84
10
12.28
Return on Capital (%)
3.91
4.19
5.74
5
6.49
5.8
5.88
6.39
4.81
-5.44
-5.17
-5.45
-5.63
-8.57
Return on Common Equity (%)
4.53
4.35
5.82
5.1
6.57
5.84
5.9
6.43
6.69
3.84
10.55
5.8
3.33
2.94

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
326
338
476
LT Borrowings
1,517
1,509
1,343
LT Finance Leases
69
54
50
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,235
2,235
2,237
Market Capitalization
27,203
19,134
14,025

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,317
1,922
1,964
Cash, Cash Equivalents & STI
827
1,295
1,244
Accounts Receivable, Net
122
249
212
Inventories
73
85
98
Total Current Liabilities
938
1,201
1,350
Payables & Accruals
- -
- -
- -
ST Debt
326
338
476
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
1,292
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.03
0.01
- -
0.14
2025
0.05
- -
- -
-0.01
0.08
2026
0.05
0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.12
- -
- -
0.15
2025
- -
0.05
- -
0.02
0.07
2026
- -
0.04
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ning Jian Cai
Full Time Employees
3,230
Sector
Transportation
Industry
Other transportation
Address
Ganghang Building Haikou HA China 570311
IPO Date
Dec 16, 2009
Website
hnss.net.cn
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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.