COSCO Shipping Development Co.,Ltd.
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COSCO Shipping Development Co.,Ltd. - overview
Established
2004
Location
Shanghai, -, China
Primary Industry
Logistics & Distribution
About
Based in Shanghai, China, and founded in 2004, COSCO Shipping Development Co. ,Ltd. is a comprehensive supply chain financial service provider, specializing in shipping logistics and industrial finance operations. The chairman of the board, Mingwen Zhang, is a Non-executive Director of China Merchants Securities.
In 2007, it was listed on the Shanghai Stock Exchange and the code is 601866. In December 2021, UBS, CCT Fund Management, and other investors invested 1. 4 billion in the company. In 2024, COSCO Shipping was awarded an A rating by China Reform Holdings Corporation in its ESG evaluation.
The company's main leasing business includes ship leasing, container leasing and non-shipping leasing. COSCO Shipping also provides comprehensive financial services featuring shipping finance. Its business scope covers medical care, education, new energy, construction and industrial equipment. The company generates revenue by operating leasing business such as ship leasing, container leasing and non-shipping leasing, as well as investment management business.
Current Investors
UBS, China Asset Management, Huatai Securities
Primary Industry
Logistics & Distribution
Sub Industries
Equipment Rental & Leasing, Financial Services, Freight Transportation Services
Website
development.coscoshipping.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
COSCO Shipping Development Co.,Ltd. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 36,233,482,179.7 | 31,861,468,555.4 | 15,964,910,225 | 16,341,347,923.7 | 16,683,737,696.3 | 14,229,112,510.1 | 18,982,671,285.2 | - | - | - |
| % Revenue Growth (YoY) | - | (12.1%) | (49.9%) | 2.4% | 2.1% | (14.7%) | 33.4% | - | - | - |
| EBITDA (USD) | 2,683,839,806.1 | (1,350,270,832.7) | 3,058,520,398.7 | 5,229,631,738.3 | 4,953,182,170 | 5,064,107,096.6 | 5,732,752,838.5 | - | - | - |
| Operating Income (USD) | 1,092,718,971.5 | (3,161,529,679.5) | 223,066,978.2 | 1,954,548,157.9 | 1,746,921,332.6 | 1,966,915,979.6 | 2,442,669,770.9 | - | - | - |
| Operating Margin | 3.0% | (9.9%) | 1.4% | 12.0% | 10.5% | 13.8% | 12.9% | - | - | - |
| % EBITDA Margin | 7.4% | (4.2%) | 19.2% | 32.0% | 29.7% | 35.6% | 30.2% | - | - | - |
| NET Income (USD) | 1,084,673,517.8 | (2,938,695,907) | 414,060,684.6 | 1,532,419,004.1 | 1,438,189,150.6 | 1,743,126,526.7 | 2,130,516,797.5 | - | - | - |
| % Net Margin | 3.0% | (9.2%) | 2.6% | 9.4% | 8.6% | 12.3% | 11.2% | - | - | - |
COSCO Shipping Development Co.,Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Winjoint | - | ||||||||
| PIPE | Completed | COSCO Shipping Development Co.,Ltd. | - |
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