Shenghang Shipping
Financials
Estimates*
| CNY | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 382m | 480m | 613m | 868m | 1.3b | 1.5b | 1.8b |
| % growth | - | 26 % | 28 % | 42 % | 45 % | 18 % | 21 % |
| EBITDA | 121m | 206m | 222m | 331m | 445m | 604m | 749m |
| % EBITDA margin | 32 % | 43 % | 36 % | 38 % | 35 % | 40 % | 41 % |
| Profit | 60.4m | 112m | 130m | 169m | 182m | 223m | 305m |
| % profit margin | 16 % | 23 % | 21 % | 19 % | 14 % | 15 % | 17 % |
| EV / revenue | - | - | 4.8x | 4.8x | 2.2x | 1.6x | 1.3x |
| EV / EBITDA | - | - | 13.1x | 12.5x | 6.2x | 4.0x | 3.2x |
| R&D budget | 14.1m | 18.8m | 24.1m | 27.4m | 31.9m | - | - |
| R&D % of revenue | 4 % | 4 % | 4 % | 3 % | 3 % | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Post IPO Equity | ||
| N/A | N/A | IPO | |
CNY20.3m | Post IPO Equity | ||
CNY15.0m | Post IPO Equity | ||
CNY57.6m | Post IPO Equity | ||
| Total Funding | - | ||
Recent News about Shenghang Shipping
EditNanjing Shenghang Shipping Co. operates in the maritime shipping industry, specializing in the transportation of chemical products. The company primarily serves industrial clients who require the safe and efficient movement of chemical goods. Based in the Jiangsu Pilot Free Trade Zone in Nanjing, China, Shenghang Shipping leverages its strategic location to facilitate international trade. The business model revolves around owning and operating a fleet of chemical tankers, which are designed to meet stringent safety and environmental standards. Revenue is generated through long-term contracts with industrial clients, ensuring a steady stream of income. The company recently celebrated the delivery of its new 7450DWT chemical tanker, MT SHENG HANG HUA 6, at Jinling Shipyard, highlighting its commitment to expanding and modernizing its fleet.
Keywords: chemical tanker, maritime shipping, industrial clients, international trade, fleet management, safety standards, environmental compliance, long-term contracts, revenue generation, fleet expansion.