COSCO Marine Control (601919.SH) disclosed its 2023 annual report. The group achieved operating income of 17 during the reporting period...
According to the Zhitong Finance App, COSCO Marine Holdings (601919.SH) disclosed its 2023 annual report. The group achieved operating revenue of 175.448 billion yuan (RMB, same below) during the reporting period, a year-on-year decrease of 55.14%. Net profit attributable to shareholders of listed companies was 23.860 billion yuan, a year-on-year decrease of 78.25%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 23.753 billion yuan, a year-on-year decrease of 78.24%. Basic earnings per share were 1.48 yuan/share. It is proposed to distribute a cash dividend of RMB 0.23 (tax included) per share.
In 2023, the group's revenue was 175.448 billion yuan, a year-on-year decrease of 215.611 billion yuan. Container shipping business revenue was 168.126 billion yuan, a year-on-year decrease of 215.91 billion yuan, a decrease of 56.22% (including: 116.043 billion yuan, a year-on-year decrease of 141.708 billion yuan, a decrease of 54.98%); COSCO SHIPPING port terminal business revenue was 10.396 billion yuan, an increase of 598 million yuan, or 6.10%.
Since 2023, affected by shrinking demand and rising supply, the relationship between supply and demand in the global container shipping market has been tightening, and the market freight rate level has fluctuated at a low level. During the reporting period, the average value of the China Export Container Freight Composite Index (CCFI) fell 66.4% year on year.