[ET Net News Agency, 8 July 2021] COSCO SHIPPING Holdings Co., Ltd. (01919) said the
group is expected to record a net profit attributable to the shareholders for the six
months ended 30 June 2021 of approximately RMB37,093 million, as compared to that of
approximately RMB1,137 million for the six months ended 30 June 2020; and the group is
expected to record a net profit (after deducting non-recurring profit and loss)
attributable to the shareholders of approximately RMB37,021 million, as compared to that
of approximately RMB882 million for the six months ended 30 June 2020.
During the reporting period, the container shipping market continued to grow. The
average value of the China Containerized Freight Index (CCFI) was 2066.64 points,
representing an increase of 133.86% as compared to that of the same period of last year
and an increase of 92.44% as compared to that of the second half of last year.
During the reporting period, the company proactively started implementing the 14th
Five-Year Plan, overcame the overlay effects from multiple factors including the COVID-19
pandemic, actively integrated into the development of domestic and international dual
circulation, and fully played the supporting role of the supply chains of container
logistics. By adhering to the customer-oriented philosophy and through the measures such
as increasing shipping capacity, securing container supplies and enhancing service
quality, the company fully committed to ensuring the global transportation services and
achieved an increase in both the amount and price in respect of such services, which
resulted in a greater improvement in its overall financial results for the reporting
period as compared to that for the same period of the last year. (RC)