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Ningbo Ocean Shipping Co Ltd
SSE:601022

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Ningbo Ocean Shipping Co Ltd
SSE:601022
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Price: 8.15 CNY -1.21% Market Closed
Market Cap: 10.7B CNY
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Ningbo Ocean Shipping Co Ltd
Other Long-Term Assets

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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Ningbo Ocean Shipping Co Ltd
Other Long-Term Assets Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Other Long-Term Assets CAGR 3Y CAGR 5Y CAGR 10Y
N
Ningbo Ocean Shipping Co Ltd
SSE:601022
Other Long-Term Assets
ÂĄ3.5m
CAGR 3-Years
-15%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
S
Seacon Shipping Group Holdings Ltd
HKEX:2409
Other Long-Term Assets
$45.8m
CAGR 3-Years
141%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Ningbo Ocean Shipping Co Ltd
Glance View

Market Cap
10.7B CNY
Industry
Marine

Nestled along the bustling maritime avenues of Ningbo, Ningbo Ocean Shipping Co Ltd emerges as a vital cog in China's vast logistics network. Its roots dig deep into the country's rich tradition of trade, where the company stands as a testament to the evolution of sea freight services. Utilizing its fleet of modern vessels, the company predominantly specializes in the carriage of bulk goods, ranging from raw minerals and grains to a variety of other essential commodities. The crux of its operations involves optimizing shipping routes and ensuring timely deliveries, which are vital in maintaining the seamless flow of global trade. This proficiency not only strengthens connections across major international ports but also cements its reputation within the competitive shipping industry. On the financial front, Ningbo Ocean Shipping Co Ltd's revenue stream rides the waves of freight charges levied for its shipping services. By building strategic partnerships with manufacturers and traders, the company has capitalized on long-term contracts that provide consistent income. It deftly navigates the intricate waters of fluctuating fuel prices, market demand, and global economic trends to sustain profitability. Moreover, the company extends its business model beyond just shipping services, venturing into logistics management and port operations, thereby broadening its spectrum of income sources. This diversification strategy allows Ningbo Ocean Shipping to maintain resilience against the cyclical nature of the maritime industry, ensuring its steady growth amidst the ever-changing tides of global commerce.

Intrinsic Value
5.05 CNY
Overvaluation 38%
Intrinsic Value
Price
N

See Also

What is Ningbo Ocean Shipping Co Ltd's Other Long-Term Assets?
Other Long-Term Assets
3.5m CNY

Based on the financial report for Dec 31, 2023, Ningbo Ocean Shipping Co Ltd's Other Long-Term Assets amounts to 3.5m CNY.

What is Ningbo Ocean Shipping Co Ltd's Other Long-Term Assets growth rate?
Other Long-Term Assets CAGR 3Y
-15%

Over the last year, the Other Long-Term Assets growth was -48%. The average annual Other Long-Term Assets growth rates for Ningbo Ocean Shipping Co Ltd have been -15% over the past three years .

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