After AI express, investors ask questions on the investor interaction platform: when can your 2022 long-term association agree? Has the price increased compared with 2021? What's the freight volume of the company now? How did net profit fall in the fourth quarter?
Cosco Shipping Holdings Co.Ltd(601919) (601919. SH) said on the investor interaction platform on February 18 that the company mainly signed the transportation agreement according to the wishes and needs of customers, comprehensively considered the customer's performance ability, cooperation history, shipment volume, shipment cycle and other factors, and finally determined the agreement price after mutual negotiation. Affected by the tight relationship between supply and demand in the global container supply chain and the high fluctuation of spot freight rate, the long-term freight rate in 2022 is expected to increase compared with last year. At present, the freight rate of the company's trunk routes is stable, and the export market of east-west trunk routes remains fully loaded. According to the announcement of Cosco Shipping Holdings Co.Ltd(601919) announcing the pre increase of performance in 2021 issued on January 24, the company's profit before interest and tax (EBIT) in 2021 was about 131.52 billion yuan, an increase of about 113.48 billion yuan or 629.4% compared with the previous year, reflecting the profitability of the company as the world's leading liner company. In the fourth quarter of 2021, in order to help customers solve the transportation and container needs, the company invested more resources and paid more costs, laying a solid foundation for providing more efficient services to customers in 2022. The company actively implemented the general requirements of the board of directors and continued to repair the dividend ability. By the end of 2021, the undistributed profit on the balance sheet of the parent company was about 27.78 billion yuan, which laid the foundation for the smooth implementation of cash dividends in 2021. In the future, Cosco Shipping Holdings Co.Ltd(601919) will continue to consolidate its sustainable development and cross cycle ability while achieving high-quality development. The company is full of confidence in achieving good performance in 2022 and will continue to strive to create value for customers and return for shareholders.
