Shipping stocks are “making great strides”! The Red Sea crisis detonated freight rates, and COSCO Maritime Control soared by nearly 70% during the year!

Is the global trade alarm sounding again?

Gelonghui FinanceMay 26 23:25 ET

A-share afternoon review: The Shanghai Index closed down 0.08%, and the electricity, gas and shipping sectors had the highest gains

By the midday close, the Shanghai index fell 0.08% to 3151.94 points, the Shenzhen Stock Exchange Index fell 0.37%, and the GEM index fell 0.67%.

Gelonghui FinanceMay 12 23:52 ET

A-share afternoon review: The Shanghai Index closed up 0.91%, with net purchases of more than 10 billion cobalt metals from northbound capital, leading the port shipping sector

By the midday close, the Shanghai index rose 0.91% to 3156.96 points, the Shenzhen Stock Exchange Index rose 1.63%, and the GEM index rose 1.85%.

Gelonghui FinanceMay 8 23:45 ET

Phoenix Shipping (000520.SZ): Net loss of 7.5863 million yuan in the first quarter

Gelonghui, April 25 | Phoenix Shipping (000520.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 215 million yuan, down 6.71% year on year; net profit attributable to shareholders of listed companies - 7.5863 million yuan; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 7.6064 million yuan; basic earnings per share - 0.0075 yuan.

Gelonghui FinanceApr 25 09:03 ET

Phoenix Shipping (000520.SZ): As of April 10, the total number of shareholders of the company was 79,229

Gelonghui, April 12 | Phoenix Shipping (000520.SZ) said on the investor interactive platform that as of April 10, the total number of shareholders of the company was 79,229.

Gelonghui FinanceApr 12 04:10 ET

Phoenix Shipping (000520.SZ): Expected net loss of 8.5 million yuan to 12 million yuan in 2023

On January 30, GLONGHUI | Phoenix Shipping (000520.SZ) announced that it expects a net loss of 12 million yuan to 8.5 million yuan in 2023, after deducting a non-net loss of 19.3 million yuan to 15.8 million yuan. During the reporting period, the company made efforts to expand the market, innovate business models, strengthen internal control, develop endogenous momentum, expand the size of its customer base, and take multiple measures to increase revenue, improve ship efficiency, and reduce costs. In 2023, freight volume surpassed 30 million tons for the first time in nearly eight years, an increase of 20.16% over 2022, and a turnover of 41,815 billion tons/km, an increase of 29.7% over 2022. Pass

Gelonghui FinanceJan 30 03:35 ET