the 2021 annual report was released on Shanghai Zhonggu Logistics Co.Ltd(603565) 28. During the reporting period, the company achieved an operating revenue of 12.291 billion yuan, a year-on-year increase of 17.97%, including 10.162 billion yuan in water transportation business, a year-on-year increase of 25.10%, and 2.129 billion yuan in land transportation business, a year-on-year decrease of 7.27%; The net profit attributable to shareholders of listed companies was 2.404 billion yuan, a year-on-year increase of 136.00%. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 1.59 billion yuan, a year-on-year increase of 102.62%.
On the same day, the company issued a profit distribution plan, which plans to distribute a cash dividend of RMB 15.00 (including tax) to all shareholders for every 10 shares based on the total share capital of 958757808 shares of the company on December 31, 2021, and convert the capital reserve into share capital, with an increase of 4.8 shares for every 10 shares.
The announcement said that the revenue growth was mainly due to the rise of freight rates in 2021, which made the company’s revenue grow steadily. There are two main reasons for the increase in net profit: on the one hand, the increase in freight rates in 2021 and the company’s continuous improvement in the use efficiency of existing assets through fine management and improvement of quality and efficiency; On the other hand, four container ships were sold, resulting in a significant increase in operating profit.
According to the annual report, the company signed orders for 184600teu container ships with Chinese shipyards in 2021, which is expected to be launched successively from the fourth quarter of 2022. In addition, the “Zhonggu Qinzhou container multimodal transport logistics base project” of Guangxi Luhai, a wholly-owned subsidiary of the company, was promoted in an orderly manner. In 2021, it purchased two sets of semi-automatic rail type container gantry cranes and related automatic control and information systems with China’s first-class standard developed by Shanghai Zhenhua Heavy Industries Co.Ltd(600320) independently. The company will continue to speed up the construction process of the logistics park in the future, so as to lay a solid foundation for promoting the intelligent development of the company’s container logistics business in the future. It is expected that the project will be put into operation in the fourth quarter of 2022.
