COSCO Shipping Energy Transportation Co Ltd
SSE:600026
COSCO Shipping Energy Transportation Co Ltd
Net Income (Common)
COSCO Shipping Energy Transportation Co Ltd
Net Income (Common) Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Net Income (Common) | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
COSCO Shipping Energy Transportation Co Ltd
SSE:600026
|
Net Income (Common)
¥3.1B
|
CAGR 3-Years
N/A
|
CAGR 5-Years
26%
|
CAGR 10-Years
N/A
|
|
|
China Suntien Green Energy Corp Ltd
SSE:600956
|
Net Income (Common)
¥2.2B
|
CAGR 3-Years
14%
|
CAGR 5-Years
12%
|
CAGR 10-Years
N/A
|
|
|
Jiangxi Jovo Energy Co Ltd
SSE:605090
|
Net Income (Common)
¥1.3B
|
CAGR 3-Years
19%
|
CAGR 5-Years
50%
|
CAGR 10-Years
N/A
|
|
|
G
|
Guangzhou Development Group Inc
SSE:600098
|
Net Income (Common)
¥1.7B
|
CAGR 3-Years
29%
|
CAGR 5-Years
18%
|
CAGR 10-Years
3%
|
|
|
C
|
China Merchants Energy Shipping Co Ltd
SSE:601872
|
Net Income (Common)
¥4.4B
|
CAGR 3-Years
58%
|
CAGR 5-Years
20%
|
CAGR 10-Years
N/A
|
|
|
Oriental Energy Co Ltd
SZSE:002221
|
Net Income (Common)
¥165.3m
|
CAGR 3-Years
-48%
|
CAGR 5-Years
-33%
|
CAGR 10-Years
2%
|
|
COSCO Shipping Energy Transportation Co Ltd
Glance View
COSCO Shipping Energy Transportation Co Ltd, a cornerstone in the maritime transport sector, operates at the bustling intersection of China's burgeoning energy needs and the global demand for secure, efficient transport of hydrocarbons. Emerging from the expansive COSCO Shipping Corporation juggernaut, this subsidiary has honed its focus squarely on oil and liquefied natural gas (LNG) transportation. Armed with a formidable fleet of tankers, COSCO Shipping Energy deftly navigates the vast oceans, connecting the prolific oil fields of the Middle East, Africa, and South America with the ever-thirsty refineries of Asia and beyond. It capitalizes on long-term charter agreements with major oil companies and leverages spot market opportunities when advantageous, thus ensuring a steady revenue stream while cleverly hedging its operational risk. The company's blue-water fleet operates on the principles of scale and efficiency, facilitating the vast movement of crude oil and LNG, commodities central to fueling global industry and development. By optimizing logistics, COSCO Shipping Energy secures lucrative contracts and maximizes vessel utilization, all while adhering to stringent global safety and environmental standards. Their strategic positioning offers resilience against market volatility, with diversification across varying shipping lanes and cargo types. As the world pivots towards sustainability, COSCO Shipping Energy Transportation is no stranger to innovation, incorporating eco-friendly technologies and pursuing greener avenues, navigating the delicate balance between profitability and environmental stewardship in an ever-changing maritime landscape.
See Also
What is COSCO Shipping Energy Transportation Co Ltd's Net Income (Common)?
Net Income (Common)
3.1B
CNY
Based on the financial report for Sep 30, 2024, COSCO Shipping Energy Transportation Co Ltd's Net Income (Common) amounts to 3.1B CNY.
What is COSCO Shipping Energy Transportation Co Ltd's Net Income (Common) growth rate?
Net Income (Common) CAGR 5Y
26%
Over the last year, the Net Income (Common) growth was -33%.
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