Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
600685.SS
STRONG SELLREMOVECSSC Offshore & Marine Engineering (Group) Company Limited · Industrials · China · $5.9B · Avg Vol: $56M/d
CSSC Offshore & Marine is a Chinese shipbuilder. While shipbuilding is experiencing a cyclical upturn, it is highly capital-intensive, low-margin, and subject to state-directed capital allocation, failing our quality criteria.
COMPANY DESCRIPTION
CSSC Offshore & Marine Engineering (Group) Company Limited designs and manufactures military vessels, feeder containerships, and offshore engineering equipment. As a core subsidiary of state-owned China State Shipbuilding Corporation (CSSC), the company benefits from a dominant market position, advanced technological capabilities, and steady defense contracts. It is a critical player in China's maritime modernization and global commercial shipbuilding supply chains.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 1.9B | 2.4B | 2.9B | 3.0B | 17.1% |
| EPS | 0.07 | 0.01 | 0.04 | 0.11 | 13.6% |
| Shares | 1.4B | 1.4B | 1.4B | 1.4B | 0.0% |
| Debt | 988M | 780M | 940M | 890M | -3.4% |
| Equity | 2.3B | 2.4B | 2.6B | 2.7B | 5.4% |
| Op CF | 298M | 489M | -324M | -48M | 64.4% |
| Inv CF | 513M | -458M | -63M | 368M | — |
| Fin CF | 18M | -240M | 119M | -115M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 600685.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 600685.SS | CSSC Offshore & Marine Engineering (Group) Company Limited(you) | $5.9B | 17 | STRONG SELL |
| 600372.SS | AVIC Airborne Systems Co., Ltd. | $8.0B | 19 | STRONG SELL |
| 688297.SS | AVIC (Chengdu)UAS Co., Ltd. | $4.4B | 13 | STRONG SELL |
| 601866.SS | COSCO SHIPPING Development Co., Ltd. | $4.9B | 22 | SELL |
| 688563.SS | Baimtec Material Co.,Ltd. | $3.5B | 17 | STRONG SELL |
| 600879.SS | China Aerospace Times Electronics CO., LTD. | $9.5B | 18 | STRONG SELL |
| 000738.SZ | Aecc Aero-Engine Control Co.,Ltd. | $3.7B | 22 | SELL |
| 600967.SS | Inner Mongolia First Machinery Group Co.,Ltd. | $3.2B | 19 | STRONG SELL |
| 000768.SZ | AVIC Xi'an Aircraft Industry Group Company Ltd. | $8.9B | 6 | STRONG SELL |
| 600038.SS | Avicopter Plc | $3.3B | 8 | STRONG SELL |
Peer medians: ROE 6.0% · P/E 34.9x · Gross margin 22.9%