Ningbo Ocean Shipping Co (SHSE:601022) Tax Rate %: 27.56% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:601022 Ningbo Ocean Shipping Co Ltd SHSE:601022
82 GF Score
Price ¥8.33
GF Value ¥11.44
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Ningbo Ocean Shipping Co Tax Rate %?

Ningbo Ocean Shipping Co SHSE:601022 +0.36% 82 Tax Rate % is 27.56% as of Jun. 2026. GuruFocus rates SHSE:601022 with a GF Score™ of 82/100 and a GF Value™ of ¥11.44 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ningbo Ocean Shipping Co's Tax Expense for the three months ended in Jun. 2026 was ¥77 Mil. Ningbo Ocean Shipping Co's Pre-Tax Income for the three months ended in Jun. 2026 was ¥281 Mil. Therefore, Ningbo Ocean Shipping Co's Tax Rate % for the quarter that ended in Jun. 2026 was 27.56%.

Ningbo Ocean Shipping Co Tax Rate % Related Terms

Ningbo Ocean Shipping Co Tax Rate % Historical Data

* Premium members only.

The historical data trend for Ningbo Ocean Shipping Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ningbo Ocean Shipping Co Tax Rate % Chart

Ningbo Ocean Shipping Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial 24.38 25.66 24.44 23.83 24.32

Ningbo Ocean Shipping Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.89 24.31 24.83 22.05 27.56
SHSE:601022
82GF Score
Ningbo Ocean Shipping Co Ltd SHSE:601022
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ningbo Ocean Shipping Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Ningbo Ocean Shipping Co's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=210.372/864.855
=24.32 %

Ningbo Ocean Shipping Co's Tax Rate % for the quarter that ended in Jun. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2026 )/Pre-Tax Income (Q: Jun. 2026 )
=77.401/280.855
=27.56 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 27.56% mean?
Ningbo Ocean Shipping Co (SHSE:601022) has a Tax Rate % of 27.56% as of Jun. 2026.
Is Ningbo Ocean Shipping Co's Tax Rate % too high?
Ningbo Ocean Shipping Co's current Tax Rate % is 27.56%. Overall, Ningbo Ocean Shipping Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Ocean Shipping Co's Tax Rate % compare to competitors?
Ningbo Ocean Shipping Co's Tax Rate % of 27.56% can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Transportation company?
A good Tax Rate % depends on the Transportation industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Ningbo Ocean Shipping Co's current Tax Rate % is 27.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Ocean Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Ocean Shipping Co (SHSE:601022) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥11.44, compared to a current price of ¥8.33 — trading 27.2% below its estimated fair value. The current Tax Rate % is 27.56%. Ningbo Ocean Shipping Co's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Ningbo Ocean Shipping Co (SHSE:601022), the current Tax Rate % is 27.56% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ningbo Ocean Shipping Co (SHSE:601022) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo Ocean Shipping Co stock appears to be undervalued. The current stock price of ¥8.33 is trading 27.2% below its estimated GF Value™ of ¥11.44. GuruFocus considers Ningbo Ocean Shipping Co to be Modestly Undervalued.

Key valuation signals for SHSE:601022:

  • Tax Rate %: 27.56%
  • GF Value™: ¥11.44 vs. price of ¥8.33 (27.2% below fair value)
  • GF Score™: 82/100 with 4 warning signs

No single metric tells the full story. See the SHSE:601022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ningbo Ocean Shipping Co Business Description

Address Building 2, Bei'an Fortune Center, Jiangbei District, Zhejiang Province, Ningbo, CHN, 315020
Ningbo Ocean Shipping Co Ltd specializing in the operation of cross-strait, China-Japan, China-Korea, Southeast Asia container liner routes and domestic container public transportation.
82GF Score

Get the complete analysis for SHSE:601022

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥8.33
Price
¥11.44
GF Value