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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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Gross Margin
Ningbo Ocean Shipping Co Ltd

15.5%
Current
18%
Average
27.1%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
15.5%
=
Gross Profit
723.7m
/
Revenue
4.7B

Gross Margin Across Competitors

Country CN
Market Cap 10.8B CNY
Gross Margin
15%
Country CL
Market Cap 2.8T CLP
Gross Margin N/A
Country RU
Market Cap 209.2B RUB
Gross Margin
35%
Country ID
Market Cap 32.8T IDR
Gross Margin
29%
Country SE
Market Cap 5.2B SEK
Gross Margin N/A
Country IS
Market Cap 63.3B ISK
Gross Margin
0%
Country CN
Market Cap 2.2B HKD
Gross Margin
22%
Country ID
Market Cap 4.4T IDR
Gross Margin
20%
Country CL
Market Cap 255.8B CLP
Gross Margin
18%
Country MY
Market Cap 938.4m MYR
Gross Margin
15%
Country ID
Market Cap 2.5T IDR
Gross Margin
12%
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

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What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
15.5%
=
Gross Profit
723.7m
/
Revenue
4.7B
What is the Gross Margin of Ningbo Ocean Shipping Co Ltd?

Based on Ningbo Ocean Shipping Co Ltd's most recent financial statements, the company has Gross Margin of 15.5%.