COSCO SHIP ENGY's net profit increased by nearly 20% last year, raising industry concerns about future market fluctuations. | Interpretations

① COSCO SHIP ENGY achieved a Net income of 4.037 billion yuan last year, a year-on-year increase of 19.4%, reaching a new high since 2016; ② The Crude Oil Product shipping market is affected by sanctions and geopolitical factors, leading to high uncertainty, and industry insiders indicate that it will face market fluctuations in the future.

cls.cnMar 26 11:36 ET

"The offshore money printer" reappears! COSCO Shipping Holdings expects its annual net profit attributable to the parent to double year-on-year | Quick read announcement.

① COSCO Shipping Holdings' container shipping business achieved growth in both volume and price compared to the previous year, with a year-on-year increase of 105.71% in Net income for 2024; ② One of the uncertainties in the shipping market for 2025, the strike at the East Coast ports of the United States, has been avoided, and freight rates on the US routes have already decreased.

cls.cnJan 10 06:33 ET

Cosco Ship Engy welcomes Taibao's shareholding, frequent institutions' shareholding within the year.

Cosco Ship Engy (1138.HK) received further shareholding. On December 5th, China Pacific Insurance (601601.SH) disclosed that as of November 29th...

wallstreetcnDec 5, 2024 03:39 ET

China Pacific Insurance announced a stake in cosco ship engy listed in hong kong. Since November, there have been 7 instances of insurance capital acquiring stakes, possibly preparing for asset allocation next year.

① china pacific insurance announced that it has acquired shares in cosco ship engy listed in hong kong, with the company and its associates and concerted parties collectively holding 5.04%; ② china pacific insurance indicated that it does not rule out the possibility of further investment in the future; ③ insurance capital's enthusiasm for acquiring shares has increased towards the end of the year, with a total of 7 acquisitions since November, and industry insiders believe that insurance companies are beginning to prepare for asset allocation for next year.

cls.cnDec 5, 2024 02:48 ET

Share buyback shareholding loans quickly landed! ICBC, BOC, ABC, CMB, CITIC and other first batch of multiple banks announced progress. Some banks have already shown cooperation intentions with nearly a hundred listed companies.

1. As of now, Bank of China has reached cooperation intentions with nearly a hundred listed companies, with 32 listed companies explicitly promised loans, covering multiple industries such as integrated circuits, transportation, high-end manufacturing, and business services; 2. The banks stated that they will strictly adhere to the risk compliance bottom line, rigorously prevent crediting funds that do not meet the conditions of stock increase stake & buyback and refinancing policies from illegally flowing into the stock market.

cls.cnOct 21, 2024 03:54 ET

Grasping the "shipping dividend", COSCO Shipping Holdings' revenue in the first half of the year exceeded 100 billion yuan, with a year-on-year growth rate of over 10%.

In the first half of the year, affected by the interruption of the Red Sea route and the growth of cargo volume in emerging markets, Cosco Shipping Holdings' financial report is impressive, achieving a total revenue of 101.201 billion RMB, a year-on-year increase of 10.19%. At the same time, Cosco Shipping Holdings closely monitors the IMO convention and the EU's new environmental protection regulations, accelerating the development of an eco-friendly and low-carbon fleet.

wallstreetcnAug 29, 2024 23:43 ET