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COSCO Shipping Holdings' performance explodes in 2024! Net income increases by 106%, and AH Stocks rise across the board.
Approximately 50% of cash dividends distributed.
Market Reaction | COSCO Shipping Holdings rose nearly 5% after the earnings report, with annual net profit increasing by nearly 106% year-on-year. The company's A+H share repurchase amount has exceeded 3.5 billion yuan.
In terms of news, COSCO Shipping Holdings released its annual performance, achieving revenue of 233.859 billion yuan, a year-on-year increase of 33.29%; the net income attributable to shareholders was 49.1 billion yuan, a year-on-year increase of 105.78%.
COSCO Shipping's 2024 Profit Surges 106%; EPS, Revenue Miss Estimates
COSCO Shipping Holdings has reappointed ShineWing Hong Kong as its Overseas auditor.
COSCO Shipping Holdings (01919) announced that on March 21, 2025, the Board of Directors passed the following resolution regarding the proposal to continue the appointment of the company's auditors: to recommend the reappointment of ShineWing Hong Kong CPA Limited as the company's Overseas Auditor (2025 Overseas Auditor) and ShineWing Certified Public Accountants (Special General Partnership) as the company's Domestic Auditor (2025 Domestic Auditor), with a term lasting until the conclusion of the company's next Shareholder Annual General Meeting; and the company should pay ShineWing Hong Kong CPA Limited for the 2025 fiscal year.
COSCO Shipping Holdings announced its 2024 performance, with a profit attributable to Shareholders of approximately 49.172 billion yuan, a year-on-year increase of 106.09%.
COSCO Shipping Holdings (01919) announced its 2024 performance, with revenue of 233.859 billion yuan, an increase of 33.29% year-on-year; the profit attributable to the company's equity holders was approximately 49.172 billion yuan, a year-on-year increase of 106.09%; the basic earnings per share were 3.08 yuan, and the final dividend was 1.03 yuan per share (tax included).
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