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Chinese oil-tanker shipper, part of state-owned China Merchants Group, carrying crude, refined products, chemicals and gas.
Chinese oil-tanker shipper, part of state-owned China Merchants Group, carrying crude, refined products, chemicals and gas.
Earns freight rates for carrying crude and refined products by sea, so results follow tanker rates and the volume of oil shipped to and within China. It belongs to a state-owned shipping group.
In one line: A Chinese Teekay/Euronav for tanker shipping.
Moat: narrow (scale). Large tanker fleet and state-shipping-group backing versus smaller independent operators.
Headquarters: Nanjing, Jiangsu, China · Founded: 1993 · Employees: 3,151
Size Nanjing Tanker (601975.SS) is a China Industrials company (Marine Shipping) with a market value of $2.50B, the 1033rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.56 on 6 Nov 2026.
Performance Over six months the shares fell 20.5%, against +4.5% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 12.4% over the last twelve months (peer median +6.3%); the operating margin is 26.4% (peer median 21.5%).
Valuation It trades at 9.0× forward earnings against a peer median of 7.3× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.0 points above its cost of capital (6.7% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.45B | CN¥5.81B | CN¥6.45B | CN¥6.18B | CN¥6.25B |
| Revenue growth | — | -10% | +4% | -1% | — |
| Gross profit | CN¥2.38B | CN¥1.66B | CN¥2.07B | CN¥2.01B | CN¥1.86B |
| EBITDA | n/a | CN¥2.17B | CN¥2.60B | CN¥2.52B | CN¥2.38B |
| Net income | CN¥1.50B | CN¥1.31B | CN¥1.92B | CN¥1.56B | CN¥1.43B |
| Free cash flow | CN¥263M | CN¥1.21B | CN¥1.19B | CN¥1.34B | CN¥1.23B |
| Capital expenditure | CN¥1.61B | CN¥877M | CN¥1.29B | CN¥1.12B | CN¥729M |
| Total debt | CN¥816M | CN¥701M | CN¥1.26B | CN¥1.93B | CN¥2.33B |
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 |
|---|---|---|---|---|---|---|
| Nanjing Tanker 601975.SS | $2.50B | -21% | +12% | 26% | 9.0× | -8.4% |
| China Merchants Energy Shipping 601872.SS | $19.6B | -8% | +60% | 39% | 6.3× | -9.5% |
| COSCO SHIPPING Energy Transportation 1138.HK | $12.8B | -22% | +22% | 31% | 4.7× | 0.5% |
| Frontline FRO | $10.1B | +15% | +49% | 49% | 4.2× | -12.5% |
| DHT DHT | $3.33B | +9% | +39% | 57% | 3.8× | -11.7% |
| International Seaways INSW | $5.01B | +7% | +58% | 56% | 3.5× | -14.8% |
| Hafnia HAFNI.OL | $4.98B | +7% | +3% | 20% | 5.7× | -5.9% |
| Teekay Tankers TNK | $2.97B | +3% | +19% | 39% | 3.5× | n/a |
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 | 601975.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.4% | -8.2% | lowest of 21 |
| 6-month return | -20.5% | +4.5% | 2nd lowest of 21 |
| Distance from 52-week high | -40.7% | -16.2% | 2nd lowest of 21 |
| Revenue growth (TTM) | +12.4% | +6.3% | 8th highest of 20 |
| Operating margin | 26.4% | 21.5% | 10th highest of 21 |
| Forward P/E | 9.0× | 7.3× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -8.4% | -0.1% | 3rd least demanding of 16 |
| Growth delivered (Del g) | +7.6% | +10.1% | 4th lowest of 16 |
| Hurdle (Req g minus delivered) | -16.0 pp | -8.9 pp | 7th least demanding of 16 |
| ROIC minus cost of capital | +12.0 pp | +0.7 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Capital Tankers CAPT.OL | Norway | $2.57B | +45% | n/a | 37% | 7.3× | n/a | n/a |
| Navios Maritime Partners LP NMM | United States | $2.42B | +14% | +19% | 39% | 3.9× | n/a | n/a |
| Danaos DAC | United States | $2.70B | +10% | +2% | 48% | 5.3× | -8.7% | +17.7% |
| Shanghai Jinjiang Shipping (Group) 601083.SS | China | $2.75B | +17% | +11% | 24% | 11.3× | -18.7% | +15.2% |
| 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% |
| Shenzhen Yan Tian Port 000088.SZ | China | $2.97B | +2% | +19% | 12% | 16.5× | 21.8% | +10.1% |
| Star Bulk Carriers SBLK | United States | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% | +8.5% |
| 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% |
| Sumitomo Warehouse 9303.T | Japan | $1.87B | +4% | +2% | 6% | 16.3× | 11.3% | +0.4% |
| ZIM Integrated Shipping Services ZIM | United States | $3.37B | +5% | -25% | 6% | 3.7× | 2.7% | +11.6% |
| CSSC (Hong Kong) Shipping 3877.HK | Hong Kong | $1.85B | -4% | -10% | 60% | 7.2× | -3.2% | +14.9% |
| Stolt-Nielsen SNI.OL | Norway | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% | +9.5% |
| Hoegh Autoliners HAUTO.OL | Norway | $3.64B | +20% | -4% | 30% | 9.6× | -0.1% | +16.4% |
| U-Ming Marine Transport 2606.TW | Taiwan | $1.70B | +6% | +13% | 29% | 8.7× | -3.8% | +12.8% |
| COSCO SHIPPING Development 2866.HK | Hong Kong | $3.84B | -22% | -2% | 13% | 3.6× | n/a | n/a |
| Ningbo Ocean Shipping 601022.SS | China | $1.58B | -7% | +13% | 11% | n/a | n/a | n/a |