COSCO SHIPPING Technology Co Ltd: Financial Overview and Recent Developments
COSCO SHIPPING Technology Co Ltd, a prominent software product development and distribution company based in Shanghai, China, operates within the Information Technology sector, specifically focusing on IT Services. The company is listed on the Shenzhen Stock Exchange and trades in CNH currency. As of July 10, 2025, the company’s close price was 17.88 CNH, with a market capitalization of 6.12 billion CNH. The company’s 52-week high was 21.82 CNH on March 20, 2025, and its 52-week low was 12.21 CNH on August 26, 2024. The price-to-earnings ratio stands at 80.06.
Recent Financial News
In recent financial news, significant developments have been reported concerning a related company, 中远海科 (COSCO SHIPPING Technology Co Ltd). The company has issued a series of announcements that highlight both internal changes and financial forecasts.
Executive Changes: On July 11, 2025, 中远海科 announced that Zhang Yu, the Deputy General Manager, has resigned due to personal reasons. Following his resignation, Zhang Yu will not hold any positions within the company or its controlling and affiliated companies.
Financial Performance Forecast: The company has released a financial performance forecast for the first half of 2025, indicating a substantial decline in net profit. The forecasted net profit for the period is between 900 million to 1.1 billion CNH, representing a decrease of 91.95% to 90.16% compared to the same period in the previous year. The adjusted net profit, excluding non-recurring items, is expected to be between 320 million to 400 million CNH, a decline of 97.10% to 96.37%.
Business Challenges: The decline in profitability is attributed to challenges in the digital city and transportation business segment, particularly in the high-speed highway electromechanical integration business. This segment has been affected by reduced customer demand and increased industry competition, leading to significant decreases in revenue and gross margin.
Strategic Adjustments: Despite the challenges in certain business areas, 中远海科 has been actively capitalizing on opportunities in the digital transformation of the shipping and supply chain industry, maintaining a steady growth trajectory in this segment.
These developments reflect the dynamic nature of the IT services industry and the specific challenges faced by companies like COSCO SHIPPING Technology Co Ltd in adapting to market demands and competitive pressures. The company’s strategic focus on digital transformation and automation remains a key aspect of its business model as it navigates through these financial challenges.