COSCO SHIPPING Holdings Co., Ltd.
1919Company Overview
COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING” for short, formerly “China Ocean”) is the listed flagship enterprise and capital platform for COSCO SHIPPING Group's main shipping and terminal management business. The company was founded on March 3, 2005, and successfully listed on the main board of the Hong Kong Stock Exchange on June 30, 2005 (stock code: 01919.HK), and successfully listed on the Shanghai Stock Exchange on June 26, 2007 (stock code: 601919). The company's registered capital is RMB 16,012,917,249. Place of registration: Tianjin Airport Economic Zone, legal representative: Wan Min. As of December 31, 2021, China Ocean Shipping Co., Ltd. and its affiliated companies combined to hold a total of 46.94% of the company's shares.
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 Holdings Co., Ltd. |
| Ticker | 1919 |
| Main Business | Marine Shipping |
| Type | Common Stock |
| Industry | Marine Shipping |
| Country | HK |
| Market Cap | $16.06 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Revenue | $175,447.7 | $0.0 | - |
| Interest income | $7,490.1 | $7,490.1 | - |
| Total | $182,937.9 | $7,490.1 | 3.93% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| bank loans and overdrafts | $1,137,254,902.0 | 7.08% |
| short term borrowing | $338,935,574.2 | 2.11% |
| long term bank loan | $4,585,434,173.7 | 28.55% |
| Total Interest-Bearing Debt | $6,061,624,649.9 | 37.74% |
| Market Capitalization | $16,062,307,692.3 | 100.00% |
| Compliance Status | Threshold: 33% | failed |