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On the evening of October 28th, COSCO Holdings released a third quarter performance announcement, stating that the company achieved operating revenue of RMB 316.541 billion in the first three quarters of 2022, a year-on-year increase of 36.75%; Realized a profit before interest and tax (EBIT) of 143.608 billion yuan, a year-on-year increase of 49.92%; The total profit achieved reached 140.906 billion yuan, a year-on-year increase of 51.40%.
The net profit attributable to shareholders of the listed company was RMB 97.215 billion, a year-on-year increase of 43.74%;
The basic earnings per share were RMB 6.06 per share, an increase of 42.92% year-on-year.
Among them, the net profit achieved in the third quarter of 2022 was 32.464 billion yuan, a year-on-year increase of 6.42%.
Compared to 37.105 billion yuan in the second quarter, it decreased by 4.6 billion yuan.
During the reporting period, the company achieved container route revenue of RMB 297.717 billion, a year-on-year increase of 38.35%;
The revenue per container on international routes was $2876.04 per TEU, a year-on-year increase of 47.96%
. The single container revenue of the company's container route remains stable.
Relevant information on container shipping business and terminal business during the reporting period:
From January to September 2022, the group's pre interest and tax profit (EBIT) was 143.608 billion yuan, an increase of 47.82 billion yuan or 49.92% year-on-year.
Container shipping business:
From January to September 2022, the freight volume of the group's container shipping business was 18534080 TEUs, a decrease of 9.36% compared to the same period last year. As of the end of September 2022, the group's operating fleet includes 503 container ships with a capacity of 2910492 TEUs.
1. Freight volume :
Group Freight Volume (TEU)
COSCO Shipping Group's freight volume (TEU)
2. Revenue by route:
Group route revenue (in thousands of RMB)
Among them: Revenue from COSCO's sea freight consolidation routes under the group (in thousands of RMB)
3. Main benefit indicators
Completion status of main benefit indicators for the group's container shipping business (RMB)
Among them: Completion status of the main benefit indicators of COSCO Shipping Container Shipping Business under the group (in RMB)
Terminal business
From January to September 2022, the total throughput of COSCO Shipping Port under our group was 97.4138 million TEUs, an increase of 1.02% year-on-year. Among them, the holding terminal had 24.2155 million TEUs, a year-on-year increase of 40.12%; Participated in a dock of 73.1984 million TEUs, a year-on-year decrease of 7.52%.
Announcement of COSCO Marine Control,
COSCO Shipping Group plans to transfer its 14.93% stake in Shanghai Port Group to COSCO Holdings, with a transaction price of 18.944 billion yuan; COSCO Shipping Group plans to transfer its 3.24% stake in Guangzhou Port to COSCO Holdings, with a transaction price of 779 million yuan.
The total transfer price of the above-mentioned shares is 19.723 billion yuan.
The announcement states that Shanghai Port Group and Guangzhou Port are high-quality enterprises in the port industry. Shanggang Group is a leading enterprise in China's port industry, with its home port container throughput ranking first in the world for many consecutive years, and its operating revenue and net profit scale steadily ranking among the top; Guangzhou Port is also a high-quality port in South China, with comprehensive advantages in both domestic and foreign trade. In recent years, its operating revenue and net profit level have also remained stable. This transaction, by directly investing in two major port enterprise groups, is beneficial for our company to achieve the convergence of port industry resources and optimize layout, improve the quality of operation and revenue, effectively mitigate cyclical risks, and enhance the core competitiveness of the entire chain of services.
COSCO Shipping said that in the first three quarters of 2022, in the face of multiple challenges such as repeated COVID-19, continued tension in geographical situation, and sluggish global supply chain, COSCO Shipping always firmly focused on customers, actively responded to the changes in global economy and trade, took innovative measures to deepen supply chain stability, and continued to strengthen cost reduction, efficiency increase, and risk prevention and control. During the reporting period, the single container revenue of the company's container route increased significantly year-on-year, and the overall performance achieved significant growth compared to the same period last year.
Faced with the trend of gradually returning to rationality in the container market, COSCO Shipping insists on anchoring the functional positioning of a "global digital supply chain operation and investment platform centered on container shipping", and continues to accelerate its layout in the fields of green and low-carbon, full process supply chain, and shipping digital business.
In terms of green and low-carbon development, the company actively responds to global customers' green and low-carbon initiatives. Its holding subsidiaries, Dongfang Overseas and COSCO Shipping, have signed shipbuilding agreements with Nantong COSCO Shipping Kawasaki and Dalian COSCO Shipping Kawasaki, respectively, to order a total of 12 24000TEU methanol dual fuel powered container ships at a price of 239.85 million US dollars (equivalent to contract RMB 1.71968 billion) per ship, The total price of ordered ships is $2878.2 million (equivalent to approximately RMB 206361.2 million).
In terms of overall supply chain business layout, the company has taken measures such as directly investing in Shanghai Port Group and Guangzhou Port, introducing SAIC Corporation as a strategic investor, conducting equity cooperation with COSCO Shipping Logistics Supply Chain, and officially operating the Supply Chain Logistics Division to improve the quality of operations and revenue, effectively mitigate cyclical risks, and promote the company to accelerate the creation of a world-class global comprehensive logistics supply chain service ecosystem. In the field of digital shipping, blockchain and Internet of Things technologies are increasingly widely used to continuously meet customers' demands for intensive, green, and low-carbon services. At the same time, the company has significantly upgraded its e-commerce platform Syncon Hub digital full chain products, providing customers with supply chain services such as sea freight, land transportation, customs declaration, warehousing and distribution, and continuously promoting the transformation and development of the company's digital supply chain.