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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: 8.16 CNY -1.09%
Market Cap: 10.7B CNY
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Ningbo Ocean Shipping Co Ltd
Other Operating Expenses

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Ningbo Ocean Shipping Co Ltd
Other Operating Expenses Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Other Operating Expenses CAGR 3Y CAGR 5Y CAGR 10Y
N
Ningbo Ocean Shipping Co Ltd
SSE:601022
Other Operating Expenses
ÂĄ54.2m
CAGR 3-Years
24%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
S
Seacon Shipping Group Holdings Ltd
HKEX:2409
Other Operating Expenses
-$403k
CAGR 3-Years
N/A
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 Operating Expenses?
Other Operating Expenses
54.2m CNY

Based on the financial report for Dec 31, 2023, Ningbo Ocean Shipping Co Ltd's Other Operating Expenses amounts to 54.2m CNY.

What is Ningbo Ocean Shipping Co Ltd's Other Operating Expenses growth rate?
Other Operating Expenses CAGR 3Y
24%

Over the last year, the Other Operating Expenses growth was 2%. The average annual Other Operating Expenses growth rates for Ningbo Ocean Shipping Co Ltd have been 24% over the past three years .

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