Company code: Cosco Shipping Holdings Co.Ltd(601919) company abbreviation: Cosco Shipping Holdings Co.Ltd(601919) Cosco Shipping Holdings Co.Ltd(601919)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 ShineWing Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
The company realized a net profit of 89.296 billion yuan attributable to shareholders of Listed Companies in 2021. According to the actual dividend distribution of subsidiaries, after making up the losses of previous years and withdrawing the statutory reserve fund, the distributable profit of the parent company in the current year is 27.78 billion yuan. The sixth meeting of the board of directors of the company on February 30, 2020 deliberated and approved the plan of cash distribution of the company's profit per share (including tax of RMB 87.00 yuan). Based on the total share capital of 16014125710 shares of the company by the end of 2021, a total cash dividend of 13.932 billion yuan was distributed, which is 15.6% of the net profit attributable to shareholders of the listed company realized by the company in 2021 and 50.15% of the distributable profit of the parent company in 2021. If the total share capital of the company changes from the beginning of 2022 to the date of equity distribution, the total amount of distribution shall be adjusted based on the total number of shares registered on the date of equity registration. The profit distribution plan shall be implemented after being approved by the general meeting of shareholders of the company.
Section II basic information of the company
1 company profile company information
Chinese name of the company Cosco Shipping Holdings Co.Ltd(601919)
Chinese abbreviation of the company Cosco Shipping Holdings Co.Ltd(601919)
The foreign language name of the company is COSCO Shipping Holdings Co., Ltd
The abbreviation of the company's foreign name is COSCO ship hold
The legal representative of the company is wan min
Stock information of the company
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Cosco Shipping Holdings Co.Ltd(601919) Cosco Shipping Holdings Co.Ltd(601919) COSCO
H-share stock exchange of Hong Kong Cosco Shipping Holdings Co.Ltd(601919) 01919 COSCO
Contact person and contact information
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Guo Huawei, Zhang Yueming
Office address: 8th floor, No. 658, dongdaming Road, Shanghai
Tel: (021) 60298619 (021) 60298619
E-mail [email protected].
2. Brief introduction of the company's main business in the reporting period (I) industry situation and container shipping market
Container shipping industry is a cyclical industry. Since 2016, the industry has experienced a series of restructuring and integration. Mainstream liner companies have basically achieved large-scale development and pay more attention to improving their own value creation ability. At the same time, with the steady recovery of global economic and trade development, the centralized transportation industry has gradually warmed up from the long-term low operation state after the global financial crisis in 2008.
Covid-19 epidemic since 2020 has accelerated the change of global economic and trade pattern and had a far-reaching systematic impact on global industrial chain and supply chain. The fragmentation of the industrial chain has become increasingly prominent, and the trade regionalization has shown a rapid development trend, accelerating the adjustment of the flow of goods and the reconstruction of the supply chain. At the same time, the epidemic has accelerated the online of global consumption and trade, and the new model of cross-border e-commerce trade has accelerated. With the development trend of more diversified global trade, higher requirements are put forward for the stability and reliability of the global supply chain.
In order to comply with the new trend of Global trade development and meet customers' increasingly diversified service needs for container transportation, mainstream liner companies have gradually extended transportation services to both ends of the shipping section. At the same time, by promoting the construction of shipping digitization, they have created differentiated services in the whole logistics industry chain, continuously enhanced the whole process comprehensive logistics and transportation service capacity and continuously improved the customer experience. With the trend of container transportation service gradually moving towards the whole process logistics service, the future development of container transportation industry will also be more resilient.
During the reporting period, Cosco Shipping Holdings Co.Ltd(601919) continued to give full play to the synergy of its dual brands of container transportation services, and continuously consolidated its leading position in the development of globalization. Alphaliner data show that the capacity of the company's container fleet continues to rank first in the industry. Terminal business market
The cooperation between global terminal operators is constantly expanding and deepening. On the one hand, it is conducive to enhance the competitiveness of the wharf industry; On the other hand, it is also conducive to terminal operators to reduce operating costs and operational risks. The in-depth cooperation between global terminal operators will produce a win-win pattern, which is conducive to the sustainable, stable and healthy development of the terminal industry.
Terminal operators have set foot in the whole supply chain business one after another, striving to realize the diversification of income sources and more closely connect transportation with cargo owners, which has become the main focus of terminal operators to improve the bargaining power and competitiveness of ports, and effectively improve the terminal operation capacity and service quality. The integration speed of global port enterprises is accelerating, the cooperation is becoming closer and closer, and the concept of competition and cooperation is deeply rooted in the hearts of the people.
The horizontal cooperation between port enterprises and shipping enterprises is also increasing. The synergy effect is reflected not only between parent and subsidiary companies, but also between port and shipping enterprises. While the efficiency, efficiency and efficiency of the synergy effect are continuously improving, the potential of the win-win pattern is also continuously deepened and expanded. Terminal operators with the background of shipping companies are committed to giving play to synergy and taking the lead in the supply competition. (II) business conditions of the company during the reporting period container shipping business 1. Main business
Cosco Shipping Holdings Co.Ltd(601919) mainly operates international and Chinese maritime container transportation services and related businesses through COSCO Shipping Container transportation, a wholly-owned subsidiary, and Orient Overseas International, an indirect holding subsidiary. As of the end of the reporting period, 294 international routes (including international branches), 54 China coastal routes and 84 Pearl River Delta and Yangtze river branches were operated, with a total of 548 ports in about 139 countries and regions around the world. Note: before the 2021 annual report, the company disclosed the number of relevant affiliated ports according to the number of ports that can provide container transportation services. In order to fully reflect the actual scope of services provided, the company decided to include the number of inland river ports attached to barges in the statistics of attached countries (regions) and ports from the annual report of 2021. 2. Business model
Cosco Shipping Holdings Co.Ltd(601919) through the self operated container fleet, carry out cargo transportation and related businesses with containers as the carrier. Focusing on high-quality development, breakthrough development and integrated development, the company is committed to deepening synergy and integration, strengthening quality and efficiency improvement, promoting digital transformation and development, and constantly improving its ability to create value for customers. 3. Performance drivers
During the reporting period, under the influence of multiple factors such as repeated epidemics, 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. In 2021, the average value of China's export container freight rate composite index (CCFI) was 261554 points, a year-on-year increase of 165.69%. The company overcame the superimposed influence of multiple factors such as the global epidemic, actively served the international and Chinese markets, gave full play to the supporting role of the container logistics supply chain, always adhered to the service concept of "customer-centered", and made every effort to ensure global transportation services through measures such as stable transportation capacity, guaranteed container supply and excellent service, so as to realize the double growth of container volume and revenue, and the overall performance increased significantly compared with the same period of last year, The company has accelerated the transformation from scale to first-class efficiency, which has laid a strong foundation for the sustainable and high-quality development of the company. Wharf business 1. Main business
Cosco Shipping Holdings Co.Ltd(601919) is mainly engaged in the loading, unloading and stacking of containers and bulk cargo terminals through COSCO Shipping Port. COSCO Shipping Port has a wharf combination all over the five major port groups along the coast of China, Europe, South America, the Middle East, Southeast Asia, the Mediterranean and other major overseas hub ports. As of December 31, 2021, COSCO Shipping Port has invested 46 terminals in 37 ports around the world, operating 367 berths, including 220 container berths, with a total target annual processing capacity of 141 million TEUs. COSCO Shipping Port is committed to building a perfect wharf network layout in the world, so as to provide customers with a perfect network with linkage effects in terms of cost, service and coordination. 2. Business model
Establish a Wharf Company in the form of participation, holding or sole proprietorship, organize the construction, marketing, production and management of relevant businesses, and obtain operating income. 3. Performance drivers
The main performance drivers are: improving efficiency, reducing costs and improving profits; Improve the service level and quality, actively strive for customers and continuously increase the throughput of the wharf; Actively seek new investment opportunities, expand the investment scale and market share of the terminal, and strive for better returns; Expand terminal extension services and further increase revenue. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 4136680807014027192607383172 52.132622240954774
Net assets attributable to shareholders of listed companies 133094325586734391386592885 203.083535967613383
Operating income 3336936107509617125883381371 94.8515105668211972
Net profit attributable to shareholders of listed company 8929613782143992709823901 799.52676410477148
Deduction attributable to shareholders of listed companies is not 89178741 Ningbo Tuopu Group Co.Ltd(601689) 59341883078 829.58158543794357
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Net profit of recurring profit and loss
Net cash flow from operating activities 17094837430181450305534004 279.632120237152839
Weighted average return on net assets (%) 101.11 25.05 increased by 76.06 21.57 percentage points
Basic earnings per share: 62.5 yuan / 801.5 yuan
Diluted earnings per share (yuan / share) 5.56 0.62 796.77 0.43
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
