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Last CNY11.78 CNY
Change Today +0.39 / 3.42%
Volume 201.8M
As of 3:05 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

china shipping development-a (600026) Snapshot

Open
CNY11.26
Previous Close
CNY11.39
Day High
CNY11.98
Day Low
CNY11.15
52 Week High
04/20/15 - CNY12.75
52 Week Low
05/7/14 - CNY3.93
Market Cap
39.4B
Average Volume 10 Days
203.5M
EPS TTM
CNY0.09
Shares Outstanding
2.7B
EX-Date
--
P/E TM
135.2x
Dividend
CNY0.03
Dividend Yield
--
Current Stock Chart for CHINA SHIPPING DEVELOPMENT-A (600026)

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china shipping development-a (600026) Details

China Shipping Development Company Limited, an investment holding company, operates as a shipping company in the People’s Republic of China and internationally. It operates through Oil Shipment and Dry Bulk Shipment segments. The company is involved in the coastal and ocean shipping of crude oil and refined oil, and coal and iron ore. It also transports other dry bulk cargoes, including metal ores, non-metallic ores, steel, cement, timber, grains, fertilizers, and others, as well as liquefied natural gas. In addition, the company provides vessel chartering and financial services. As of December 31, 2013, it operated a fleet of 207 vessels with approximately 17.08 million deadweight tons. The company was formerly known as Shanghai Hai Xing Shipping Company Limited and changed its name to China Shipping Development Company Limited in December 1997. The company was founded in 1994 and is based in Shanghai, the People’s Republic of China. China Shipping Development Company Limited is a subsidiary of China Shipping (Group) Company.

Founded in 1994

china shipping development-a (600026) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: CNY468.0K
Chairman and Chairman of Strategy Committee
Total Annual Compensation: --
Deputy General Manager, Executive Director an...
Total Annual Compensation: CNY716.0K
Vice Chairman, Member of Nomination Committee...
Total Annual Compensation: --
Executive Director and Member of Strategy Com...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

china shipping development-a (600026) Key Developments

China Shipping Development Company Limited Proposes Final Dividend for the Year 2014, Payable on or Before July 20, 2015; Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

At the Board meeting held on 27 March 2015, the Directors of China Shipping Development Company Limited proposed a final dividend of 3.00 RMB cents per share in respect of the year ended 31 December 2014. The proposed final dividend (the payment of which is subject to the shareholders' approval at the forthcoming annual general meeting) is to be payable on or before July 20, 2015 to shareholders whose names appear on the H share register of members of the company on July 2, 2015. The company announced audited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported profit before tax of RMB 321,993,000, profit after tax of RMB 401,827,000 and profit attributable to owners of the company of RMB 309,413,000 or 9.09 cents per diluted share on revenue of RMB 12,273,849,000 against loss before tax of RMB 2,229,350,000, loss after tax of RMB 2,217,447,000 and loss attributable to owners of the company of RMB 2,234,106,000 or 65.62 cents per diluted share on revenue of RMB 11,344,152,000 a year ago period. Net cash inflow from operating activities was RMB 3,157,049,000 against RMB 1,429,279,000 a year ago period. Purchases of property, plant and equipment was RMB 95,766,000 against RMB 122,277,000 a year ago period. As of December 31, 2014, the group net debt was RMB 38,761,820,000 against RMB 31,684,374,000 a year ago. As of December 31, 2014, the company’s net debt was RMB 15,312,652,000 against RMB 17,391,071,000 a year ago. Weighted average return on net assets was 1.46%.

China Shipping Development Company Limited, Board Meeting, Feb 11, 2015

China Shipping Development Company Limited, Board Meeting, Feb 11, 2015. Agenda: To discuss and approve the proposal of building 4 VLCC oil tankers.

China Shipping Development Company Limited Provides Earnings Guidance for the Year Ended December 31, 2014

China Shipping Development Company Limited provided earnings guidance for the year ended December 31, 2014. The Board informed the shareholders of the Company and potential investors that based on the preliminary assessment by the Board of the unaudited consolidated management accounts of the Group for the year ended December 31, 2014, the Group expects its net profit attributable to the equity holders of the Company for the year ended December 31, 2014 to be approximately RMB 300 million (equivalent to approximately HKD 372 million), representing a sharp increase of profits as compared to a net loss of approximately RMB 2,234 million (equivalent to approximately HKD 2,772 million) attributable to the equity holders of the Company for the year ended December 31, 2013. The remarkable performance of the Group was mainly attributable to: (1) the increase in freight rates in the international oil transportation market, resulting in the relatively significant increase in revenue achieved by the Group from international oil transportation; (2) efforts made by the Group to further strengthen its control over costs, resulting in notable achievement particularly over fuel costs and labor costs; and (3) the Company received government subsidies of approximately RMB 456 million (equivalent to approximately HKD 566 million) for the disposal and retrofitting of vessels owned by the Group.

 

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600026:CH CNY11.78 CNY +0.39

600026 Competitors

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Company Last Change
Eusu Holdings Co Ltd 11,300 KRW +150.00
Evergreen Marine Corp Taiwan Ltd 20.35 TWD -1.45
Hyundai Merchant Marine Co Ltd 9,520 KRW +150.00
Nippon Yusen KK ¥366.00 JPY -5.00
Yang Ming Marine Transport Corp 16.00 TWD -0.90
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Industry Analysis

600026

Industry Average

Valuation 600026 Industry Range
Price/Earnings 100.0x
Price/Sales 3.3x
Price/Book 1.9x
Price/Cash Flow 103.9x
TEV/Sales NM Not Meaningful
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