On March 30, 2022, COSCO SHIPPING Holdings announced its annual results for the 12 months ended December 31, 2021.
·The company achieved EBIT of RMB 131.5 billion (equivalent to approximately US$ 20.38 billion).
·The company's net profit attributable to shareholders of listed companies was RMB 89.296 billion, an increase of RMB 79.369 billion or 799.52% year-on-year.
·Basic earnings per share in 2021 is RMB 5.59 per share.
·The company's asset-liability ratio dropped to 56.76%, down 14.3% from the end of the previous year.
2021 is a year where opportunities and challenges. Under the influence of multiple factors such as the repeated COVID-19 epidemic, the increase in transportation demand, and the limited supply of transportation capacity, the global logistics supply chain continues to be challenged and impacted by complex situations such as port congestion, container shortages, and inland transportation delays. The supply and demand relationship of container transportation continues to be tense.
In the future, COSCO SHIPPING Holdings will escort the stability of the global supply chain. At the same time, the company is committed to the development of green, low-carbon and intelligent shipping, and will make new contributions in environmental protection and emission reduction.
Source: Xinde Marine News Sarah Yu
·The company achieved EBIT of RMB 131.5 billion (equivalent to approximately US$ 20.38 billion).
·The company's net profit attributable to shareholders of listed companies was RMB 89.296 billion, an increase of RMB 79.369 billion or 799.52% year-on-year.
·Basic earnings per share in 2021 is RMB 5.59 per share.
·The company's asset-liability ratio dropped to 56.76%, down 14.3% from the end of the previous year.
2021 is a year where opportunities and challenges. Under the influence of multiple factors such as the repeated COVID-19 epidemic, the increase in transportation demand, and the limited supply of transportation capacity, the global logistics supply chain continues to be challenged and impacted by complex situations such as port congestion, container shortages, and inland transportation delays. The supply and demand relationship of container transportation continues to be tense.
In the future, COSCO SHIPPING Holdings will escort the stability of the global supply chain. At the same time, the company is committed to the development of green, low-carbon and intelligent shipping, and will make new contributions in environmental protection and emission reduction.
Source: Xinde Marine News Sarah Yu
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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