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Ningbo Ocean Shipping SHSE:601022 Stock Report

Last Price

CN¥8.64

Market Cap

CN¥11.0b

7D

5.9%

1Y

-18.9%

Updated

31 Jul, 2024

Data

Company Financials

Ningbo Ocean Shipping Co., Ltd.

SHSE:601022 Stock Report

Market Cap: CN¥11.0b

601022 Stock Overview

Provides shipping services in Japan, South Korea, Taiwan, and Southeast Asia.

601022 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

Ningbo Ocean Shipping Co., Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ningbo Ocean Shipping
Historical stock prices
Current Share PriceCN¥8.64
52 Week HighCN¥14.51
52 Week LowCN¥7.30
Beta0
11 Month Change-3.57%
3 Month Change-8.96%
1 Year Change-18.87%
33 Year Changen/a
5 Year Changen/a
Change since IPO-27.03%

Recent News & Updates

Some Investors May Be Worried About Ningbo Ocean Shipping's (SHSE:601022) Returns On Capital

Jun 03
Some Investors May Be Worried About Ningbo Ocean Shipping's (SHSE:601022) Returns On Capital

Ningbo Ocean Shipping's (SHSE:601022) Weak Earnings May Only Reveal A Part Of The Whole Picture

Apr 02
Ningbo Ocean Shipping's (SHSE:601022) Weak Earnings May Only Reveal A Part Of The Whole Picture

Recent updates

Some Investors May Be Worried About Ningbo Ocean Shipping's (SHSE:601022) Returns On Capital

Jun 03
Some Investors May Be Worried About Ningbo Ocean Shipping's (SHSE:601022) Returns On Capital

Ningbo Ocean Shipping's (SHSE:601022) Weak Earnings May Only Reveal A Part Of The Whole Picture

Apr 02
Ningbo Ocean Shipping's (SHSE:601022) Weak Earnings May Only Reveal A Part Of The Whole Picture

Is Ningbo Ocean Shipping (SHSE:601022) Using Too Much Debt?

Feb 26
Is Ningbo Ocean Shipping (SHSE:601022) Using Too Much Debt?

Shareholder Returns

601022CN ShippingCN Market
7D5.9%1.4%-0.8%
1Y-18.9%-22.3%-21.8%

Return vs Industry: 601022 exceeded the CN Shipping industry which returned -22.3% over the past year.

Return vs Market: 601022 exceeded the CN Market which returned -21.8% over the past year.

Price Volatility

Is 601022's price volatile compared to industry and market?
601022 volatility
601022 Average Weekly Movement6.7%
Shipping Industry Average Movement4.8%
Market Average Movement5.6%
10% most volatile stocks in CN Market8.9%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 601022's share price has been volatile over the past 3 months.

Volatility Over Time: 601022's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992838Xiaofeng Chenwww.nbosco.com

Ningbo Ocean Shipping Co., Ltd. provides shipping services in Japan, South Korea, Taiwan, and Southeast Asia. It offers near-ocean, trade, and container route transportation services; dry bulk cargo transportation services; and dry bulk freight forwarding services. The company is also involved in the shipping agency business, including handling ship customs declarations, entry and exit procedures, contacting and arranging pilot berthing, and loading and unloading; handling bookings, signing bills of lading and transportation contracts; contracting cargo loads, handling the consignment and transfer of containers and goods; collecting collections; and freight, settlement agency and other items.

Ningbo Ocean Shipping Co., Ltd. Fundamentals Summary

How do Ningbo Ocean Shipping's earnings and revenue compare to its market cap?
601022 fundamental statistics
Market capCN¥10.98b
Earnings (TTM)CN¥513.95m
Revenue (TTM)CN¥4.52b

22.0x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
601022 income statement (TTM)
RevenueCN¥4.52b
Cost of RevenueCN¥3.77b
Gross ProfitCN¥744.19m
Other ExpensesCN¥230.24m
EarningsCN¥513.95m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 29, 2024

Earnings per share (EPS)0.39
Gross Margin16.47%
Net Profit Margin11.38%
Debt/Equity Ratio11.9%

How did 601022 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

29%

Payout Ratio
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