China Shipbuilding Industry Company Limited

SHSE-601989

Basic

Market Cap
CN¥119.48B
EV
CN¥72.77B
Shares Out
22.8B
Revenue
CN¥50.04B
Employees
30,483

Margins

Gross
7.08%
EBITDA
-1.34%
Operating
-4.96%
Pre-Tax
-1.38%
Net
-1.42%
FCF
9.35%

Returns (5Yr Avg)

ROA
-0.29%
ROTA
-0.68%
ROE
-0.64%
ROCE
-2.6%
ROIC
-2.73%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
CN¥5.2
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥72.36B
Net Debt
-CN¥47.28B
Debt/Equity
0.3
EBIT/Interest
-3.93

Growth (CAGR)

Rev 3Yr
10.1%
Rev 5Yr
2.26%
Rev 10Yr
-1.03%
Dil EPS 3Yr
21.93%
Dil EPS 5Yr
-5.35%
Dil EPS 10Yr
-16.92%
Rev Fwd 2Yr
—
EBITDA Fwd 2Yr
—
EPS Fwd 2Yr
57.61%
EPS LT Growth Est
11.4%

Dividends

Yield
—
Payout
-323.93%
DPS
CN¥0.1
DPS Growth 3Yr
—
DPS Growth 5Yr
61.86%
DPS Growth 10Yr
8.07%
DPS Growth Fwd 2Yr
34.91%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						37,619.2	34,210.3	38,461	43,043.9	45,674	49,017.7
Other Revenues, Total						597.3	695.9	1,078.3	1,111	1,019.8	1,019.8
Total Revenues						38,216.4	34,906.2	39,539.4	44,154.9	46,693.8	50,037.5
Total Revenues % Chg.						-14.7%	-8.7%	13.3%	11.7%	5.7%	11.5%
Cost of Goods Sold, Total						35,621.3	33,235.6	37,322.1	42,835.4	43,408.1	46,494.3
Gross Profit						2,595.1	1,670.6	2,217.3	1,319.5	3,285.8	3,543.3
Selling General & Admin Expenses, Total						2,980.1	3,264.4	3,522.4	4,150.6	3,964.3	4,026.7
Provision for Bad Debts						266	87.3	-52.8	26.8	203	210.3
R&D Expenses	—	—	—			864.6	948.1	1,139.5	1,432.1	1,515.2	1,613.7
Other Operating Expenses						205.5	151.9	138.9	165.6	157.9	172.2
Other Operating Expenses, Total						4,316.2	4,451.7	4,747.9	5,775.2	5,840.4	6,023
Operating Income						-1,721.1	-2,781.1	-2,530.6	-4,455.7	-2,554.7	-2,479.7
Interest Expense, Total						-754.4	-624.3	-501.8	-602.7	-619.5	-630.9
Interest And Investment Income						3,233.3	2,044.8	1,872	1,912.1	2,443.7	2,637.5
Net Interest Expenses						2,478.9	1,420.5	1,370.2	1,309.3	1,824.2	2,006.6
Currency Exchange Gains (Loss)						24.2	84.8	56.2	728.2	-168.5	-168.5
Other Non Operating Income (Expenses)						-535.2	-248.1	-76.9	-158.3	-54.3	-251.9
EBT, Excl. Unusual Items						246.8	-1,523.9	-1,181.1	-2,576.4	-953.3	-893.5
Impairment of Goodwill		—	—	—	—	—	—	—	—	—	—
Gain (Loss) On Sale Of Investments	—			—		—	—	—	—	—	—
Gain (Loss) On Sale Of Assets						-16.6	591.8	1,105.9	-21	-3.2	1.6
Asset Writedown	—	—		—		—	-18.7	-28.9	-53	-0.4	-0.4
Other Unusual Items					—	418.9	560	258.9	156.9	202.6	202.6
EBT, Incl. Unusual Items						649	-390.8	154.8	-2,493.4	-754.3	-689.7
Income Tax Expense						184.1	114.7	39.8	-110.4	40.8	31.1
Earnings From Continuing Operations						464.9	-505.5	115	-2,383	-795.1	-720.8
Minority Interest						36.3	24.3	105	171.9	13.3	7.8
Net Income						501.2	-481.2	219.9	-2,211.1	-781.9	-713
Net Income to Common Incl Extra Items						501.2	-481.2	219.9	-2,211.1	-781.9	-713
Net Income to Common Excl. Extra Items						501.2	-481.2	219.9	-2,211.1	-781.9	-713
Total Shares Outstanding						22,802	22,802	22,802	22,802	22,802	22,802
Weighted Avg. Shares Outstanding						22,780.1	22,914	21,990.9	22,794.5	22,996	23,096.4
Weighted Avg. Shares Outstanding Dil						22,780.1	22,914	21,990.9	22,794.5	22,996	23,096.4
EPS						0	-0	0	-0.1	-0	-0
EPS Diluted						0	-0	0	-0.1	-0	-0
EBITDA						-15	-973.1	-677.6	-2,547.1	-727.5	-672.8
Effective Tax Rate						28.4%	-29.3%	25.7%	4.4%	-5.4%	-4.5%