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Companies Industrials 600428.SS
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600428.SS Shanghai Stock Exchange Marine Freight & Logistics

COSCO SHIPPING Specialized Carriers Co Ltd

¥7,75
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Mcap
21,3B CNY
P/E
EV / Rev
Div yield
3,26 %
Op margin
12,3 %
ROE
10,6 %
Net margin
7,7 %
Debt / equity
1,10
Beta
52w range
Volume
Day range
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Next earnings
Ex-dividend
TR 1Y
About

COSCO SHIPPING Specialized Carriers Co Ltd operates in the marine freight and logistics industry, providing transportation services for specialized cargo, primarily generating revenue through shipping and logistics operations.

Business. COSCO SHIPPING Specialized Carriers Co Ltd (600428.SS) is a marine freight and logistics provider operating within the transportation sector. The company is headquartered in China and is primarily listed on the Shanghai Stock Exchange. It generates service revenue through specialized shipping operations, with performance typically measured by industry metrics such as fleet utilization and time-charter equivalent rates. Specific operating segments and geographic revenue breakdowns are not disclosed in the available data.

Classification92 %
SectorIndustrials
Business sectorTransportation
IndustryMarine Freight & Logistics
ActivityTransportation
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
1 analysts · indicative
Ownership
not yet wired
Profitability
10,6 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 600428.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 600428.SS. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    COSCO SHIPPING Specialized Carriers Co Ltd (600428.SS) is a marine freight and logistics provider operating within the transportation sector. The company is headquartered in China and is primarily listed on the Shanghai Stock Exchange. It generates service revenue through specialized shipping operations, with performance typically measured by industry metrics such as fleet utilization and time-charter equivalent rates. Specific operating segments and geographic revenue breakdowns are not disclosed in the available data.

    Classification92 %
    SectorIndustrials
    Business sectorTransportation
    IndustryMarine Freight & Logistics
    ActivityTransportation
    AI synthesis
    GENERATED

    The company's capital structure is characterized by a debt-to-equity ratio of 1.1, indicating a moderate reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 1.05, suggesting limited short-term liquidity cushion. Free cash flow of 3.12 billion CNY supports operational flexibility, but net cash is negative after subtracting total debt, signaling potential refinancing needs.

    Profitability metrics show a return on equity (ROE) of 10.56% and a return on assets (ROA) of 4.06%, both below the industry median for Marine Freight & Logistics. Gross profit of 4.93 billion CNY and operating income of 2.84 billion CNY reflect a healthy margin structure, but net income of 1.78 billion CNY is constrained by interest and operational costs.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of segmental or geographic diversification increases exposure to regional economic or regulatory shifts. No material revenue concentration by geography is reported, but the absence of segmental breakdown limits visibility into operational resilience.

    Growth trajectory is modest, with no disclosed revenue growth in the most recent period. Analysts expect a slight increase in earnings per share (EPS) from 0.69 CNY to 0.79 CNY, but no forward-looking revenue guidance is provided. Capital expenditure of -1.66 billion CNY suggests asset optimization or fleet renewal, but the negative value may indicate asset disposals or non-cash adjustments.

    Risk factors include medium liquidity risk due to the current ratio and negative net cash position. Dilution risk is assessed as low, with no near-term pressure from share issuance. However, the company's debt load and interest coverage should be monitored for refinancing risks. No dilution sources are disclosed in recent filings, but the absence of dilution risk does not preclude future capital-raising needs.

    Recent events include no material earnings surprises or regulatory actions. Analysts maintain a neutral stance, with one strong buy recommendation and no other ratings. The company's performance aligns with industry expectations, but lacks standout momentum in earnings or revenue growth.

    Key takeaways
    • The company maintains a moderate debt load with a debt-to-equity ratio of 1.1, but liquidity is constrained by a current ratio of 1.05.
    • ROE of 10.56% and ROA of 4.06% indicate solid but not exceptional profitability relative to industry peers.
    • Revenue concentration in a single segment and lack of geographic diversification increase operational risk.
    • Analysts expect modest EPS growth, but no forward-looking revenue guidance is provided, limiting visibility into growth potential.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    ¥7,75
    Market cap
    ¥21.46B
    Enterprise value
    ¥39.98B
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    6.3x
    P / B
    1.3x
    P / Tangible book
    1.3x
    Tangible book
    ¥16.86B
    Net cash
    -¥18.52B
    Current ratio
    1.1
    Debt / equity
    1.1
    ROA
    4.1%
    ROE
    10.6%
    Cash conversion
    356.0%
    CapEx / revenue
    -7.2%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,79
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-25 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,79
    Revenueno estimateno estimate25,8B CNY
    Operating incomeno estimateno estimateno estimate
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy1
    Buy0
    Hold0
    Sell0
    Strong sell0
    EPS surprise
    −13,2 %
    reported vs consensus · miss
    Revenue surprise
    −9,9 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin12,2 %Above median
    Net Margin7,7 %Above median
    ROE10,6 %Above median
    Capex / Rev-7,2 %Above median
    D/E1,10Bottom quartile
    Cash Conv3,56Above P75

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • COSCO SHIPPING Specialized Carriers Co Ltd Market data — financials · 2026-05-27
    • COSCO SHIPPING Specialized Carriers Co Ltd Market data — analyst estimates · 2026-05-27
    • COSCO SHIPPING Specialized Carriers Co Ltd Market data — ESG · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    600428.SSCanonical
    Shanghai Stock Exchange · CNY

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage