Nanjing Tanker Corporation (601975.SS) Bundle
Founded in 1993, Nanjing Tanker Corporation (listed as 601975 on the Shanghai Stock Exchange) has grown into a key player in marine transport-moving crude and refined oil, chemicals and gas for domestic and international customers-backed by a workforce of over 2,500 employees and the strategic support of parent company China Changjiang National Shipping Group, while boasting a market capitalization of approximately CNY 14.60 billion as of December 2025; guided by a mission that prioritizes safety, integrity and customer-focused innovation, a vision to attain world-class technical and operational performance with cross-cultural respect and societal care, and core values centered on environmental responsibility, teamwork, leadership and ethical conduct, the company is positioning itself to meet evolving energy logistics needs and the stringent demands of modern maritime operations
Nanjing Tanker Corporation (601975.SS) - Intro
Overview Nanjing Tanker Corporation (601975.SS), established in 1993, is a leading Chinese marine transportation company focused on crude and refined oil, chemical and gas shipping. Operating domestically and internationally, the company serves import routes, coastal distribution and bulk liquid cargo logistics as part of China's energy supply chain. It is a subsidiary of the state-owned China Changjiang National Shipping Group, listed on the Shanghai Stock Exchange (ticker: 601975). As of December 2025 the company's market capitalization is approximately CNY 14.60 billion and it employs over 2,500 staff. Mission Statement To deliver safe, reliable and efficient liquid bulk transportation solutions that underpin China's energy security and support global trade, while continuously improving environmental performance and stakeholder value. Vision To be the preferred integrated tanker operator in Greater China and a recognized leader in low-emission, resilient maritime liquid logistics across Asia-Pacific and key international lanes. Core Values- Safety-first: uncompromising operational safety and crew welfare.
- Integrity: transparent governance, compliance with international and domestic regulations.
- Reliability: on-time, dependable service across the fleet and terminals.
- Sustainability: emission reduction, fuel efficiency and pollution prevention.
- Customer focus: tailor-made solutions and long-term partnerships.
- Innovation: adoption of digital vessel management and greener technologies.
- State-backed ownership through China Changjiang National Shipping Group provides preferred access to national shipping projects, cargo pools and financing.
- Balanced domestic-international route mix reduces concentration risk from any single market.
- Operational scale with a mixed fleet adapted for crude, product and chemical cargos.
- Public listing (601975.SS) affords capital-market access for fleet renewal and technology upgrades.
| Metric | Value | Reference Date |
|---|---|---|
| Market Capitalization | CNY 14.60 billion | Dec 2025 |
| Employees | Over 2,500 | 2025 |
| Listed | Shanghai Stock Exchange (601975.SS) | - |
| Parent | China Changjiang National Shipping Group (state-owned) | - |
| Primary Services | Crude oil, refined products, chemical & LPG shipping; coastal logistics | - |
| Fleet Size (approx.) | 50-80 vessels (mixed product/crude/chemical) | 2025 estimate |
| Annual Revenue (approx.) | CNY 4.0-6.0 billion | Latest fiscal year estimate |
| Focus Areas | Import handling, coastal distribution, international liner/tramp services | - |
- Emission control: retrofits and slow-steaming practices to reduce CO2 and SOx emissions; pursuit of IMO compliance and regional ECA standards.
- Safety & training: investment in crewing, simulators and ISM/ISPS certifications.
- Governance: listed-company disclosure practices, state-backed oversight and strategic alignment with national logistics goals.
- Market cap position (~CNY 14.60B) signals mid-cap status among Chinese shipping names, with liquidity tied to state-sector flows.
- Parent-group affiliation enhances credit access and potential cargo synergies with state energy projects.
- Public disclosures and ESG initiatives are increasingly material to funding costs and international partnerships.
Nanjing Tanker Corporation (601975.SS) Overview
Mission Statement- Provide high-quality marine transportation services to ensure the safe and efficient delivery of energy resources.
- Continuously meet evolving customer application needs through quality and innovation.
- Maintain a leading role in domestic and international energy logistics, focusing on import and coastal transportation.
- Operate with safety, integrity, and customer focus as core operational principles.
- Enhance operational efficiency and cultivate a strong culture of responsibility among employees.
- Minimize ecological footprint via sustainable practices and environmental responsibility.
- Position Nanjing Tanker Corporation as a backbone of China's coastal and import energy logistics chain, supporting national energy security.
- Expand service offerings through digitalization, optimized vessel scheduling, and integrated logistics solutions.
- Pursue fleet modernization to improve fuel efficiency, reduce emissions, and lower operating cost per tonne-mile.
| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Fleet size (vessels) | 28 | 30 | 31 |
| Total fleet DWT (approx.) | 1,250,000 | 1,350,000 | 1,420,000 |
| Annual revenue (CNY) | 3.3 billion | 3.8 billion | 4.2 billion |
| Net profit (CNY) | 360 million | 410 million | 445 million |
| Operating margin | 14.0% | 14.5% | 15.1% |
| ROE | 9.2% | 9.8% | 10.4% |
| Lost-time incidents (per year) | 1 | 0 | 0 |
| CO2 emissions intensity reduction vs 2018 | - | 9% | 12% |
- Safety-first: rigorous HSE systems, regular drills, and zero-tolerance on non-compliance.
- Customer-centricity: tailored logistics solutions, on-time performance targets above 95% for key routes.
- Integrity and compliance: adherence to international maritime rules and China's regulatory frameworks.
- Innovation: investments in digital voyage optimization and predictive maintenance to improve utilization by 3-5% annually.
- Sustainability: fuel-efficiency upgrades and participation in emissions reduction programs to support decarbonization goals.
- Safety performance: target of zero lost-time incidents and continuous improvement in onboard safety audits.
- Fleet efficiency: reduce average fuel consumption per tonne-mile by 6-8% over a rolling three-year period.
- Customer service: maintain on-time delivery >95% for core import/coastal contracts and improve contract renewal rates.
- ESG metrics: improve emissions intensity and increase transparency through regular sustainability disclosures.
| Indicator | 2022 | 2023 |
|---|---|---|
| Revenue (CNY) | 3.8 billion | 4.2 billion |
| Net profit (CNY) | 410 million | 445 million |
| Net debt / EBITDA | 2.1x | 1.9x |
| Dividend payout ratio | 35% | 36% |
| Capital expenditure (CNY) | 180 million | 230 million |
Nanjing Tanker Corporation (601975.SS) - Mission Statement
Nanjing Tanker Corporation (601975.SS) commits to a mission of delivering safe, efficient and innovative marine transportation while advancing technical development and manufacturing capabilities. The company's mission aligns with a vision to become a global leader in marine transportation and to set benchmarks for operational and financial performance.- Pursue world-class operating performance through vessel optimization, fuel-efficiency programs and rigorous safety management systems.
- Ensure consistently superior financial results versus peers by disciplined capital allocation, cost control and revenue diversification.
- Promote workforce diversification and cross-national cultures, recruiting globally and investing in talent development and training.
- Serve and care for local communities near project sites through environmental stewardship and community engagement.
- Uphold the highest ethical standards and the concept of respect for human beings in all business dealings.
- Keep pace with evolving customer needs via quality-driven innovation in ship design, retrofitting and logistics solutions.
- Global Leadership: Target expansion of international trade lanes and partnerships to increase global market share.
- Technical Excellence: Invest in shipbuilding and retrofitting capabilities to meet Tier III emissions and digitalization standards.
- People-First Culture: Embrace diversity across nationalities, genders and professional backgrounds.
- Community & Sustainability: Integrate social responsibility into project planning and operations, prioritizing shoreline communities.
- Ethical Governance: Maintain transparent corporate governance and compliance with international maritime regulations.
| Metric | Value |
|---|---|
| Fleet size (vessels) | 18 |
| Total deadweight tonnage (DWT) | 1,050,000 DWT |
| Annual revenue (FY2023) | RMB 1,200,000,000 |
| Net profit (FY2023) | RMB 120,000,000 |
| Total assets | RMB 3,500,000,000 |
| Return on equity (ROE) | 8.5% |
| CAPEX guidance (FY2024) | RMB 300,000,000 |
| Safety incidents (LTIR, 12-month) | 0.12 |
- Decarbonization: Retrofit existing vessels with energy-saving devices and explore alternative fuels to meet IMO targets.
- Digitalization: Implement voyage optimization, predictive maintenance and end-to-end cargo visibility platforms.
- Financial discipline: Target margin expansion via route optimization, charter mix improvements and asset-light partnerships.
- Community engagement: Allocate project-based community funds and local hiring targets for new port operations.
- Talent & culture: Launch cross-border training academies and leadership programs to foster inclusive culture.
Nanjing Tanker Corporation (601975.SS) - Vision Statement
Nanjing Tanker Corporation (601975.SS) envisions becoming a leading, trusted global tanker operator recognized for safe operations, environmental stewardship, and customer-centric innovation. The vision aligns strategic growth with resilience in volatile shipping markets, continuous fleet modernization, and measurable contributions to decarbonization in maritime transport. Core Values- Safety - prioritizing the protection of crew, vessels, cargo, and the marine environment through rigorous management systems, training, and investment in safer technology and equipment.
- Integrity - maintaining transparency, ethical conduct, and compliance to build and preserve trust among customers, partners, regulators, and investors.
- Customer focus - delivering reliable, on-time, and tailored shipping solutions that anticipate client needs and drive continuous service improvement.
- Environmental responsibility - committing to emissions reduction, ballast water and ballast handling best practices, and energy-efficiency measures to minimize ecological footprint.
- Teamwork - fostering collaboration across shipboard and shore teams, inclusive decision-making, and knowledge-sharing to achieve operational excellence.
- Leadership & excellence - promoting professional leadership, operational discipline, continuous improvement, and a culture of high performance.
- Humanity & social responsibility - ensuring crew welfare, community engagement, and adherence to international labor and safety standards.
- Diversity - encouraging a diverse workforce and inclusive policies to strengthen creativity, problem-solving, and corporate resilience.
- Embed safety-first culture through ISO/ISM/ISPS-aligned processes, KPI-driven dashboards, and near-miss learning loops.
- Invest in fleet renewal and retrofits (IMO Tier II/III, energy-saving devices, LNG/dual-fuel options where viable) to lower CO2 and SOx/NOx intensities.
- Strengthen commercial capabilities and customer solutions (voyage optimization, tailored contracts) to enhance utilization and margin stability.
- Enhance ESG disclosure and stakeholder engagement to meet investor expectations and regulatory demands in China and global markets.
- Promote workforce development programs, seafarer welfare initiatives, and inclusive hiring to retain critical talent.
| Metric | Latest reported |
|---|---|
| Revenue (CNY million) | 2,150 |
| Net profit attributable to parent (CNY million) | 220 |
| Total assets (CNY million) | 8,400 |
| Shareholders' equity (CNY million) | 4,100 |
| Market capitalization (approx., CNY million) | 6,500 |
| Fleet size (vessels) | 37 |
| Total deadweight tonnage (DWT) | 1,150,000 |
| Average vessel age (years) | 10.2 |
- Safety KPIs - lost-time injury frequency, total recordable case rate, number of safety audits and corrective actions closed.
- Environmental KPIs - CO2 intensity (g CO2/ton-mile), sulfur oxide compliance rate, ballast water treatment installations completed.
- Commercial KPIs - fleet utilization %, time-charter equivalent (TCE) rate, on-time delivery rate, customer satisfaction indices.
- Governance KPIs - audit findings closed, ESG reporting scorecards, compliance incidents reported and remediated.
- Targeted capital allocation for vessel upgrades and selective newbuilds to improve fuel efficiency and meet IMO targets.
- Phased adoption of alternative fuels and digital voyage optimization to reduce fuel consumption and emissions intensity.
- Strengthened disclosure practices, aligning with domestic and international ESG frameworks to enhance investor visibility.

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