Cosco Shipping Holdings Co.Ltd(601919) : the freight rate of trunk routes is stable, and the export flights of east-west trunk routes remain fully loaded

the annual performance express of 2021 released on March 10, Cosco Shipping Holdings Co.Ltd(601919) 3 shows that the company achieved a total operating revenue of 333694 billion yuan in 2021, an increase of 94.85% year-on-year; The non net profit deducted was 89.179 billion yuan, a year-on-year increase of 829.58%.

Cosco Shipping Holdings Co.Ltd(601919) said that in 021, 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. During the reporting period, 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%. The company overcomes the superimposed influence of multiple factors such as global epidemic, actively integrates into China's international double cycle construction, gives full play to the supporting role of container logistics supply chain, always adheres to the service concept of "customer-centered", and fully ensures global transportation services through measures such as stable transportation capacity, guaranteed container supply and excellent service.

According to the preliminary accounting of the company, during the reporting period, the freight volume (TEUs) of the company's container shipping business is expected to be about 26.912 million TEUs, an increase of about 567500 TEUs, an increase of about 2.15% compared with the same period of last year; It is estimated that the company's profit before interest and tax (EBIT) is about 131543 billion yuan, an increase of about 113511 billion yuan or 629.51% compared with the same period of last year; It is estimated that the net profit attributable to the shareholders of the listed company is about RMB 89.296 billion, an increase of about RMB 79.369 billion or 799.52% compared with the same period of last year. By the end of 2021, the undistributed profit on the balance sheet of the parent company is expected to be about 27.78 billion yuan, laying a foundation for the smooth implementation of cash dividends in 2021. At the same time, based on the principle of mutual benefit and win-win results, the company adheres to the return of shipping to the essence of service, strengthens the signing of long-term service agreements with strategic customers and direct customers, gradually increases the proportion of direct customers, and continues to expand the field of customer cooperation, laying a good foundation for high-quality development and reaching a new level in the future.

The main routes in Europe and the United States have been reported as stable since 2022, which is worthy of attention; 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.

On March 10, Cosco Shipping Holdings Co.Ltd(601919) share price showed a trend of high opening and falling, and finally closed down 0.30% to 16.40 yuan / share.

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