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Financial-leasing and shipping-services arm of COSCO Shipping, leasing containers, vessels and offshore equipment.
Financial-leasing and shipping-services arm of COSCO Shipping, leasing containers, vessels and offshore equipment.
Earns rent by leasing out containers by the day and ships on multi-year charters or finance leases, with container leasing the larger part. Customers are mainly shipping lines, and COSCO Shipping group, a Chinese state shipping group, is the controlling owner.
In one line: A Chinese Triton International/GATX hybrid (container and asset leasing).
Moat: narrow (scale, installed base). Large leased container/vessel fleet backed by COSCO group scale.
Headquarters: Shanghai, China · Employees: 16,581
Size COSCO SHIPPING Development (601866.SS) is a China Industrials company (Marine Shipping) with a market value of $3.87B, the 662nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.39 on 6 Nov 2026.
Performance Over six months the shares fell 10.2%, against +11.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 3.0% over the last twelve months (peer median +8.5%); the operating margin is 12.8% (peer median 21.5%).
Valuation It trades at 3.8× forward earnings against a peer median of 9.0× (2nd cheapest of 21).
Capital Return on invested capital runs 1.5 points below its cost of capital (5.0% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥26.5B | CN¥25.2B | CN¥27.6B | CN¥15.6B | CN¥25.6B |
| Revenue growth | — | -9% | +76% | -39% | — |
| Gross profit | CN¥6.73B | CN¥4.63B | CN¥4.62B | CN¥4.63B | CN¥7.11B |
| EBITDA | n/a | CN¥6.51B | CN¥6.24B | CN¥5.99B | CN¥7.97B |
| Net income | CN¥1.73B | CN¥1.61B | CN¥1.69B | CN¥1.41B | CN¥3.92B |
| Free cash flow | -CN¥11.8B | -CN¥3.83B | -CN¥2.67B | -CN¥32.4M | CN¥649M |
| Capital expenditure | CN¥17.0B | CN¥9.63B | CN¥9.92B | CN¥5.75B | CN¥11.1B |
| Total debt | CN¥107B | CN¥93.5B | CN¥88.2B | CN¥90.1B | CN¥92.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| COSCO SHIPPING Development 601866.SS | $3.87B | -10% | -3% | 13% | 3.8× | n/a |
| China Merchants Energy Shipping 601872.SS | $19.6B | -8% | +60% | 39% | 6.3× | -9.5% |
| Bohai Leasing 000415.SZ | $4.44B | +2% | -7% | 26% | 5.6× | n/a |
| Global Ship Lease GSL | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% |
| Danaos DAC | $2.70B | +10% | +2% | 48% | 5.3× | -8.7% |
| Costamare CMRE | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601866.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.2% | -8.2% | 5th highest of 21 |
| 6-month return | -10.2% | +11.9% | 4th lowest of 21 |
| Distance from 52-week high | -26.5% | -15.7% | 3rd lowest of 21 |
| Revenue growth (TTM) | -3.0% | +8.5% | 7th lowest of 20 |
| Operating margin | 12.8% | 21.5% | 6th lowest of 21 |
| Forward P/E | 3.8× | 9.0× | 2nd cheapest of 21 |
| ROIC minus cost of capital | -1.5 pp | +1.8 pp | 6th lowest of 21 |
| Net debt / EBITDA | 13.2× | 0.9× | most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| COSCO SHIPPING Development 601866.SS | China | $3.87B | -10% | -3% | 13% | 3.8× | n/a | n/a |
| Hoegh Autoliners HAUTO.OL | Norway | $3.64B | +20% | -4% | 30% | 9.6× | -0.1% | +16.4% |
| COSCO Shipping Specialized Carriers 600428.SS | China | $4.40B | +25% | +37% | 19% | 8.9× | -17.9% | +27.0% |
| ZIM Integrated Shipping Services ZIM | United States | $3.37B | +5% | -25% | 6% | 3.7× | 2.7% | +11.6% |
| Star Bulk Carriers SBLK | United States | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% | +8.5% |
| Shenzhen Yan Tian Port 000088.SZ | China | $2.97B | +2% | +19% | 12% | 16.5× | 21.8% | +10.1% |
| Shanghai Jinjiang Shipping (Group) 601083.SS | China | $2.75B | +17% | +11% | 24% | 11.3× | -18.7% | +15.2% |
| Danaos DAC | United States | $2.70B | +10% | +2% | 48% | 5.3× | -8.7% | +17.7% |
| Capital Tankers CAPT.OL | Norway | $2.57B | +45% | n/a | 37% | 7.3× | n/a | n/a |
| Nanjing Tanker 601975.SS | China | $2.50B | -21% | +12% | 26% | 9.0× | -8.4% | +7.6% |
| T.S. Lines 2510.HK | Hong Kong | $2.48B | +38% | -4% | 19% | 5.8× | -6.9% | +9.8% |
| Yang Ming Marine Transport 2609.TW | Taiwan | $6.03B | +14% | -22% | 6% | 6.5× | n/a | n/a |
| Navios Maritime Partners LP NMM | United States | $2.42B | +14% | +19% | 39% | 3.9× | n/a | n/a |
| Matson MATX | United States | $6.34B | +16% | 0% | 14% | 10.9× | 11.8% | +7.0% |
| Kirby KEX | United States | $6.39B | -15% | +8% | 14% | 14.6× | 6.2% | +9.2% |
| Pacific Basin Shipping 2343.HK | Hong Kong | $2.22B | +6% | -6% | 6% | 9.0× | 7.9% | +7.3% |
| Great Eastern Shipping GESHIP.NS | India | $2.16B | -8% | +24% | 42% | 5.1× | 8.2% | +10.1% |
| Wisdom Marine Lines 2637.TW | Taiwan | $2.13B | +28% | +10% | 33% | 9.1× | -1.8% | +7.2% |
| Wallenius Wilhelmsen WAWI.OL | Norway | $7.58B | +29% | -11% | 25% | 10.4× | -6.6% | +21.0% |
| PanOcean 028670.KS | South Korea | $1.91B | -12% | +24% | 9% | 5.0× | n/a | n/a |
| Clarkson CKN.L | United Kingdom | $1.90B | -5% | +15% | 14% | 13.9× | 5.2% | +12.0% |