601022 Stock Overview

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

601022 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (18.8x) is below the CN market (33.6x)

Earnings have grown 11.1% per year over the past 5 years

Risk Analysis

Dividend of 1.56% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Ningbo Ocean Shipping Co., Ltd. Competitors

Antong Holdings

SHSE:600179

CN¥10.5b

Shanghai Jinjiang Shipping (Group)

SHSE:601083

CN¥11.7b

Fujian Highton Development

SHSE:603162

CN¥7.9b

COSCO SHIPPING Specialized CarriersLtd

SHSE:600428

CN¥14.1b

Price History & Performance

Summary of share price highs, lows and changes for Ningbo Ocean Shipping
Historical stock prices
Current Share Price	CN¥7.46
52 Week High	CN¥11.75
52 Week Low	CN¥7.08
Beta	1.1
1 Month Change	-15.32%
3 Month Change	-10.01%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-31.69%

Recent updates

Shareholder Returns

	601022	CN Shipping	CN Market
7D	-3.2%	-4.3%	-1.5%
1Y	n/a	-3.7%	5.6%

Return vs Industry: Insufficient data to determine how 601022 performed against the CN Shipping industry.

Return vs Market: Insufficient data to determine how 601022 performed against the CN Market.

Price Volatility

Is 601022's price volatile compared to industry and market?
601022 volatility
601022 Average Weekly Movement	3.5%
Shipping Industry Average Movement	5.0%
Market Average Movement	7.2%
10% most volatile stocks in CN Market	11.2%
10% least volatile stocks in CN Market	4.4%

Stable Share Price: 601022 has not had significant price volatility in the past 3 months compared to the CN market.

Volatility Over Time: 601022's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	838	Xiaofeng Chen	www.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 cap	CN¥9.76b
Earnings (TTM)	CN¥520.04m
Revenue (TTM)	CN¥4.92b

18.8x

P/E Ratio

2.0x

P/S Ratio

Is 601022 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
601022 income statement (TTM)
Revenue	CN¥4.92b
Cost of Revenue	CN¥4.14b
Gross Profit	CN¥778.51m
Other Expenses	CN¥258.47m
Earnings	CN¥520.04m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Mar 26, 2025

Earnings per share (EPS)	0.40
Gross Margin	15.82%
Net Profit Margin	10.57%
Debt/Equity Ratio	9.9%

How did 601022 perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

29%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 20:43
End of Day Share Price	2025/01/10 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ningbo Ocean Shipping Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution