Summary by Moomoo AI
Cosco Shipping Holdings expects a significant increase in performance for the first three quarters of 2024. According to preliminary estimates, the company announced that its earnings before interest and taxes (EBIT) will reach RMB 54.414 billion, a year-on-year increase of 63.72%; net profit is expected to be RMB 43.34 billion, a year-on-year increase of 66.67%; net profit attributable to shareholders of the listed company is approximately RMB 38.121 billion, an increase of 72.72%; net profit after deducting non-recurring gains and losses is approximately RMB 38.056 billion, a year-on-year increase of 73.12%. The performance forecast reflects the company's significant improvement in operational performance by enhancing supply chain resilience and core competitiveness in the context of moderate growth in global major market volumes and limited effective capacity supply. The company emphasizes that these are preliminary estimates and have not yet been reviewed or audited by auditors. The final performance will be subject to confirmation by the board of directors. The announcement date is October 7, 2024.
