On March 10, Cosco Shipping Holdings Co.Ltd(601919) ( Cosco Shipping Holdings Co.Ltd(601919) . SH) released the performance express for 2021. The company is expected to achieve an operating revenue of 333694 billion yuan, a year-on-year increase of 94.85%, and a net profit of 89.296 billion yuan, an increase of 79.369 billion yuan, an increase of about 79.52%.
How did this maritime overlord, with an annual income of 100 billion yuan and a daily income of 245 million yuan, become?
The company said that in 2021, under the influence of multiple factors such as repeated epidemic, increased demand and limited supply, the global logistics supply chain continued to be challenged and impacted by complex situations such as port congestion, container shortage and inland transportation delay, and the relationship between supply and demand of container transportation continued to be tense.
Relevant industry data show that in 2021, the average value of China's export container freight rate composite index (CCFI) was 261554 points, with a year-on-year increase of 165.69%. While the freight rate soared, the freight volume also increased synchronously. According to Cosco Shipping Holdings Co.Ltd(601919) preliminary accounting, the freight volume of the company's container shipping business in 2021 was about 26.912 million TEUs, an increase of about 567500 TEUs compared with the same period of last year, an increase of about 2.15%.
The reporter of the daily economic news noted that in 2021, Cosco Shipping Holdings Co.Ltd(601919) mainly did three things: first, ensuring long-term income, second, expanding the proportion of owned ships, and third, optimizing the financial structure. The company said that based on the principle of mutual benefit and win-win results, the company adhered to the return of shipping to the nature of service, strengthened the signing of long-term service agreements with strategic customers and direct customers, gradually increased the proportion of direct customers, and continued to expand the field of customer cooperation, laying a good foundation for achieving high-quality development and reaching a new stage in the future.
On the basis of stable income of the long-term association, Cosco Shipping Holdings Co.Ltd(601919) is investing huge profits in new ship ordering and shareholder returns. At the beginning of 2021, the company implemented the 2020 plan of converting capital reserve into share capital for every 10 shares to all shareholders. This year, the company promised to implement cash dividends.
Cosco Shipping Holdings Co.Ltd(601919) 2021 performance express shows that by the end of 2021, Cosco Shipping Holdings Co.Ltd(601919) it is estimated that the undistributed profit on the balance sheet of the parent company is about 27.78 billion yuan, which lays a foundation for the smooth implementation of cash dividends in 2021.
With regard to the future expectation of the container market, COSCO Shipping said that since 2022, major ports in Europe and the United States have continued to be congested, and the freight rates of main routes have been stable; The company has actively taken effective measures to fully guarantee global transportation services. The export voyages of the east-west trunk line remain fully loaded, the production and operation are normal and the financial situation is good.
In this regard, people in the industry judge that the global supply chain market has not been free from the impact of the epidemic, but also ushered in the impact of war. Although the container shipping industry is less directly affected by the conflict between Russia and Ukraine than oil tankers and dry bulk shipping, the forced closure of ports has exacerbated the congestion problem of other ports in Europe, and the shipping schedule rate of global container routes has fallen to a record low, It is expected that the overall freight rate will remain high in 2022.
On March 10, Cosco Shipping Holdings Co.Ltd(601919) ( Cosco Shipping Holdings Co.Ltd(601919) . SH) released the performance express for 2021. The company is expected to achieve an operating revenue of 333694 billion yuan, a year-on-year increase of 94.85%, and a net profit of 89.296 billion yuan, an increase of 79.369 billion yuan, an increase of about 79.52%.
How did this maritime overlord, with an annual income of 100 billion yuan and a daily income of 245 million yuan, become?
The company said that in 2021, under the influence of multiple factors such as repeated epidemic, increased demand and limited supply, the global logistics supply chain continued to be challenged and impacted by complex situations such as port congestion, container shortage and inland transportation delay, and the relationship between supply and demand of container transportation continued to be tense.
Relevant industry data show that in 2021, the average value of China's export container freight rate composite index (CCFI) was 261554 points, with a year-on-year increase of 165.69%. While the freight rate soared, the freight volume also increased synchronously. According to Cosco Shipping Holdings Co.Ltd(601919) preliminary accounting, the freight volume of the company's container shipping business in 2021 was about 26.912 million TEUs, an increase of about 567500 TEUs compared with the same period of last year, an increase of about 2.15%.
The reporter of the daily economic news noted that in 2021, Cosco Shipping Holdings Co.Ltd(601919) mainly did three things: first, ensuring long-term income, second, expanding the proportion of owned ships, and third, optimizing the financial structure. The company said that based on the principle of mutual benefit and win-win results, the company adhered to the return of shipping to the nature of service, strengthened the signing of long-term service agreements with strategic customers and direct customers, gradually increased the proportion of direct customers, and continued to expand the field of customer cooperation, laying a good foundation for achieving high-quality development and reaching a new stage in the future.
On the basis of stable income of the long-term association, Cosco Shipping Holdings Co.Ltd(601919) is investing huge profits in new ship ordering and shareholder returns. At the beginning of 2021, the company implemented the 2020 plan of converting capital reserve into share capital for every 10 shares to all shareholders. This year, the company promised to implement cash dividends.
Cosco Shipping Holdings Co.Ltd(601919) 2021 performance express shows that by the end of 2021, Cosco Shipping Holdings Co.Ltd(601919) it is estimated that the undistributed profit on the balance sheet of the parent company is about 27.78 billion yuan, which lays a foundation for the smooth implementation of cash dividends in 2021.
With regard to the future expectation of the container market, COSCO Shipping said that since 2022, major ports in Europe and the United States have continued to be congested, and the freight rates of main routes have been stable; The company has actively taken effective measures to fully guarantee global transportation services. The export voyages of the east-west trunk line remain fully loaded, the production and operation are normal and the financial situation is good.
In this regard, people in the industry judge that the global supply chain market has not been free from the impact of the epidemic, but also ushered in the impact of war. Although the container shipping industry is less directly affected by the conflict between Russia and Ukraine than oil tankers and dry bulk shipping, the forced closure of ports has exacerbated the congestion problem of other ports in Europe, and the shipping schedule rate of global container routes has fallen to a record low, It is expected that the overall freight rate will remain high in 2022.
