COSCO SHIPPING Energy Transportation Co., Ltd.
1138Company Overview
The company is a specialized company engaged in oil, liquefied natural gas and other energy transportation and chemical transportation under China Ocean Shipping Group Co., Ltd. It was formed from the reorganization of the energy transportation divisions of the two major groups of China Ocean and China Shipping. It was founded in Shanghai on June 6, 2016, and is committed to becoming a full-process energy transportation solution solver, providing customers with full-scale, global, and all-weather quality services. The company's main business includes international transportation of crude oil and refined oil products along the coast of China, international transportation of liquefied natural gas, and international transportation of chemicals. Corporate honors include the Outstanding Corporate Social Responsibility Award, the Outstanding Enterprise Award for Environmental Sustainability Practices, and the “Hong Kong Stock Top 100 - Most Valuable Investment Award”.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | COSCO SHIPPING Energy Transportation Co., Ltd. |
| Ticker | 1138 |
| Main Business | Marine Shipping |
| Type | Common Stock |
| Industry | Marine Shipping |
| Country | HK |
| Market Cap | $4.51 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Oil product transportation | $9,320.0 | $0.0 | - |
| Ship charter | $1,290.0 | $0.0 | - |
| LNG transportation | $870.4 | $0.0 | - |
| Interest income | $-81.1 | $-81.1 | - |
| Total | $11,399.3 | $-81.1 | -0.72% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $659,663,865.5 | 14.64% |
| other loans current liabilities | $7,292,717.1 | 0.16% |
| long term bank loan | $3,210,084,033.6 | 71.22% |
| derivative financial instruments non current liabilities | $1,320,728.3 | 0.03% |
| other loans non current liabilities | $127,162,465.0 | 2.82% |
| Total Interest-Bearing Debt | $4,005,523,809.5 | 88.87% |
| Market Capitalization | $4,507,038,461.5 | 100.00% |
| Compliance Status | Threshold: 33% | failed |