Chinese Maritime Transport Ltd.

Chinese Maritime Transport Ltd.

TTWSE:2612
60.90
TWD
+0.70
(+1.16%)
5.15EPS
10.00P/E
10.17BMarket Cap
Nov 11Next Earn
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
16.88
17.68
13.11
14.1
16.3
19.34
19.05
15.86
18
22.33
20.33
23.48
24.74
25.4
Basic EPS, GAAP
2.01
1.68
1.3
0.21
0.5
2.6
1.64
1.67
5.27
3.88
1.66
5.13
5.46
5.15
Free Cash Flow per Basic Share
-2.99
2.46
2.78
-2.67
-6.81
5.68
5.61
3.78
0.33
2.17
-9.65
-10.41
-3.16
-6.94
Dividend per Share
1.3
1.95
1.3
0.22
0.5
0.5
1.6
0.8
1.6
2.68
2.18
1
2.1
- -
Book Value per Share
51.26
54.32
56.41
52.27
47.73
51.58
50.3
49.54
52.72
58.95
58.66
69.01
68.4
70.15
Tangible Book Value per Share
51.2
54.27
56.36
52.24
47.65
51.52
50.25
49.49
52.67
58.93
58.64
68.95
68.35
70.1
Basic Weighted Avg Shares
197
197
256
234
197
197
197
197
197
197
197
197
197
198
Sales/Revenue/Turnover
3,333
3,491
3,361
3,295
3,218
3,820
3,763
3,132
3,554
4,410
4,015
4,638
4,886
5,018
Operating Margin (%)
14.37
16.03
17.57
13.85
6.43
15.84
12.22
5.06
9.96
21.07
9.32
14.94
22.43
24.57
Depreciation Expense
670
701
728
762
842
885
964
932
889
983
1,175
1,369
1,305
1,282
Net Income, GAAP
397
333
333
48
98
514
324
329
1,041
766
328
1,013
1,078
1,017
Effective Tax Rate (%)
6.4
16.14
19.63
63.12
20.71
8.14
14.39
6.7
7.37
9.89
25.13
4.21
5.67
5.46
Profit Margin (%)
11.9
9.53
9.9
1.46
3.05
13.45
8.61
10.5
29.28
17.37
8.18
21.84
22.06
20.26
Working Capital
2,660
2,976
2,621
909
1,597
1,768
849
1,646
1,187
1,684
995
-1,716
1,092
630
LT Debt
8,087
7,625
7,022
6,508
8,081
7,246
6,263
5,590
4,788
4,881
6,858
6,304
9,327
10,088
Total Equity
10,124
10,728
11,141
10,323
9,427
10,187
9,934
9,807
10,428
11,652
11,649
13,649
13,528
13,873
Return on Invested Capital (%)
2.52
2.53
2.44
0.86
1.29
2.93
2.07
0.77
1.82
4.59
1.38
4.4
4.98
4.38
Return on Capital (%)
2.85
2.4
2.17
0.55
1.32
3.8
2.75
2.55
6.23
4.87
2.91
6.18
5.91
5.39
Return on Common Equity (%)
4
3.19
3.04
0.45
0.99
5.24
3.22
3.34
10.31
6.95
2.83
8.03
7.94
7.81

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,297
2,476
2,899
LT Borrowings
9,130
9,029
9,915
LT Finance Leases
197
180
173
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
197
197
197
Market Capitalization
11,731
10,546
10,170

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,947
3,774
3,911
Cash, Cash Equivalents & STI
3,516
3,308
3,361
Accounts Receivable, Net
237
234
246
Inventories
48
86
122
Total Current Liabilities
2,854
3,383
3,282
Payables & Accruals
- -
- -
- -
ST Debt
2,297
2,476
2,899
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.26%
6.86%
-0.89%
Free Cash Flow
-42.69%
-27.43%
-69.68%
Net Income, GAAP
75.51%
69.53%
6.43%
Sales/Revenue/Turnover
4.56%
9.89%
5.36%
Total Cash Common Dividend
- -
40.94%
110%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,016
1,128
1,221
1,273
4,638
2025
1,228
1,219
1,184
1,254
4,886
2026
1,240
1,340
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.65
0.93
0.59
2.96
5.13
2025
1.21
1.84
1.16
1.25
5.46
2026
1.24
1.5
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
2.1
2026
- -
- -
- -
- -
- -

Company Description

CEO
S. C. Tai
Full Time Employees
114
Sector
Transportation
Industry
Marine shipping
Address
Chinese Maritime Building Taipei TP Taiwan 100025
IPO Date
Oct 20, 1994
Website
cmt.tw
Business
Chinese Maritime Transport Ltd Chinese Maritime Transport Ltd (2612.TW) is a Taiwan-based transportation company principally engaged in marine transportation, inland container transportation, logistics, and air transportation services. The company operates through its subsidiaries a fleet of Capesize and Newcastlemax bulk carriers focused on dry bulk commodities for international traders and miners; provides extensive inland container trucking services, one of the largest in Taiwan; manages inland container terminals, container yards, freight stations, bonded warehousing, container repair, and logistics solutions through subsidiaries including CMT Logistics Ltd. and affiliate Associated International Inc.; and offers air cargo and passenger agency, tourism, and ticketing services. Founded in 1946 in Shanghai and relocated to Taiwan in 1949, Chinese Maritime Transport Ltd is headquartered at 9F, No. 15, Section 1, Chi-Nan Road, Taipei, Taiwan, with geographic operations spanning Asia, the United States, Europe, and Oceania via Singapore and Hong Kong subsidiaries; the company listed on the Taiwan Stock Exchange in 1994. Recent developments include a subsidiary's acquisition of China Energy Shipping in January 2025, the full acquisition finalizing control of additional shipping assets; an order in 2025 for two 210,000-dwt Newcastlemax bulk carriers at Qingdao Beihai Shipbuilding to expand its fleet capacity with LNG-ready and energy-efficient vessels; a unit's purchase of a bulk carrier for approximately $80 million in September 2025; and new loans extended to its Hong Kong ship management subsidiary in March 2025 exceeding key thresholds, supporting operational enhancements.