Financial Performance - Total revenue for 2022 was $19.82 billion, an increase of 18% from $16.83 billion in 2021[5]. - Operating profit rose to $10.08 billion, reflecting a 37% increase compared to $7.38 billion in the previous year[5]. - The company achieved a 40% increase in total profit attributable to shareholders, reaching $9.97 billion compared to $7.13 billion in 2021[5]. - The company reported a pre-tax profit of $10.03 billion for 2022, up from $7.34 billion in 2021, driven by strong performance in container transportation and logistics[86]. - EBITDA increased from $7.40 billion in 2021 to $10.09 billion in 2022, with the EBITDA margin improving from 43.9% to 50.9%[87]. - The operating income from container transportation and logistics was $19.796 billion in 2022, up 18% from $16.807 billion in 2021[68]. - The average revenue per standard container increased by 27% to $2,619 in 2022, compared to $2,067 in 2021[69]. - The total revenue for all routes in 2022 was $18.672 billion, reflecting a 19.1% increase compared to 2021[38]. Cash Flow and Liquidity - Cash and bank balances increased by 56% to $11.21 billion from $7.20 billion in 2021[5]. - The company reported a net cash flow from operating activities of $11.25 billion, up 26% from $8.90 billion in 2021[5]. - The net cash inflow for 2022 was $5.56 billion, compared to $2.55 billion in 2021, indicating significant improvement in performance[102]. - The group held cash and bank deposits of $11.21 billion as of December 31, 2022, with total current assets of $12.33 billion and current liabilities of $4.14 billion[103]. Investments and Capital Expenditures - The company announced a total investment of $1.679 billion for the construction of 7 methanol-compatible container ships, each costing $240 million[21]. - Capital expenditures decreased from $1.38 billion in 2021 to $1.31 billion in 2022, primarily due to reduced capitalized long-term lease vessels and container purchases[88]. - The company ordered seven methanol-compatible container ships with a capacity of 24,000 TEUs, expected to be delivered between Q3 2026 and Q3 2028[41]. Debt and Equity - The debt-to-equity ratio improved to 0.15 from 0.28, indicating a 13% reduction in leverage[5]. - The company's total debt decreased by $610 million (23%) to $2.080 billion, mainly due to repayments of bank loans and lease liabilities[98]. - Shareholders' equity increased to $13.44 billion by the end of 2022, with a net asset value per share of $20.35, up from $14.64 in 2021, and a return on equity of 86.26%[100]. Operational Efficiency and Capacity - The company faced significant pressure on effective capacity due to severe congestion at key ports, impacting operational efficiency[29]. - The market conditions began to shift, with improvements in congestion levels at major ports in North Europe and Asia, leading to an increase in effective capacity supply[30]. - The shipping market is experiencing a downward trend in freight rates, with many routes approaching pre-pandemic levels by the end of 2022, influenced by inventory accumulation and easing congestion at major ports[36]. Environmental Sustainability - The company is committed to environmental sustainability, evidenced by the order of seven dual-fuel methanol vessels and successful biofuel trials to reduce carbon impact[33]. - The company received the "Best Green Shipping Company" award at the 2022 Asia Freight, Logistics and Supply Chain Awards, recognizing its commitment to environmental excellence[20]. - The company has achieved a 45% reduction in carbon dioxide emissions since 2008 through various fuel-saving measures[58]. - The company is actively participating in various environmental initiatives, including compliance with California and New Zealand's hull biofouling regulations[45]. Digital Transformation and Innovation - The launch of the IQAX eBL, a blockchain-based document management solution, aims to improve supply chain efficiency[17]. - The company’s Freightsmart platform has made significant progress in 2022, providing valuable new channels for customers and aiding in managing supply chain disruptions[33]. - The company is enhancing its capabilities in big data and artificial intelligence to optimize business operations and improve service quality amid fluctuating shipping schedules[48]. Governance and Corporate Structure - The company has adopted a customized corporate governance code, ensuring compliance with local and international best practices[137]. - The board consists of 3 executive directors, 4 non-executive directors, and 5 independent non-executive directors[138]. - The company has established various committees, including the audit, remuneration, and nomination committees, each with clearly defined responsibilities[154]. - The company emphasizes ethical standards in supplier selection, focusing on service quality and safety rather than just price[63]. Shareholder Engagement and Communication - The company encourages shareholder participation in annual general meetings, providing a platform for dialogue with management[187]. - The company has implemented a shareholder communication policy to ensure timely and equal access to information[187]. - The company plans to announce its full-year results for the year ending December 31, 2022, on March 22, 2023[128].

Financial Performance - Total revenue for the year ended December 31, 2022, was $19,820,188 thousand, an increase of 17.7% from $16,832,185 thousand in 2021[2] - Net profit for the year was $9,966,238 thousand, representing a 39.5% increase compared to $7,128,409 thousand in 2021[3] - Basic and diluted earnings per share increased to $15.09 from $11.08, reflecting a growth of 35.5%[2] - The company reported a gross profit of $10,424,580 thousand, compared to $8,175,648 thousand in the previous year, indicating a growth of 27.5%[2] - Operating profit for the year was $10,079,101 thousand, up from $7,380,271 thousand, reflecting a 36.5% increase[2] - The company recorded a net other comprehensive loss of $58,722 thousand for the year, compared to a gain of $13,639 thousand in 2021[3] - The total comprehensive income for the year was $(9,906,695), reflecting a significant loss compared to the previous year's comprehensive income[6] - The company reported a significant increase in interest income, rising to $183,053 from $34,102 in the previous year[5] - The company reported a shareholder profit of $9.965 billion for 2022, an increase from $7.128 billion in 2021, representing a growth of approximately 39.5%[34] Assets and Liabilities - Total assets as of December 31, 2022, reached $20,035,161 thousand, up from $15,846,977 thousand in 2021, marking an increase of 26.8%[4] - The company’s total equity increased to $13,438,898 thousand from $9,671,736 thousand, a growth of 38.5%[4] - The total amount of business receivables, net of impairment provisions, was $438.276 million in 2022, down from $590.170 million in 2021, a decrease of about 25.7%[26] - The total liabilities for accounts payable and accrued items amounted to $3.283 billion in 2022, compared to $2.480 billion in 2021, reflecting an increase of approximately 32.4%[30] - The group’s total liabilities for container transportation and logistics were $6,596,263 thousand in 2022, compared to $6,175,241 thousand in 2021, indicating an increase of about 6.8%[17] Cash Flow and Dividends - Cash and bank balances increased significantly to $11,213,902 thousand from $7,197,101 thousand, a rise of 55.5%[4] - Operating cash flow for 2022 was $11,253,014, an increase of 26.3% from $8,898,841 in 2021[5] - The company paid dividends totaling $6,141,471 to shareholders in 2022, compared to $3,682,084 in 2021, reflecting a 66.7% increase[6] - The company plans to distribute a final dividend of $2.61 per share for the fiscal year 2022, consistent with the previous year[25] - The company plans to distribute a final dividend of $2.61 per share and a second special dividend of $1.95 per share to shareholders on June 29, 2023[39] Business Operations - The group's main business is container transportation and logistics, generating total revenue of $19,820,188 thousand in 2022, up from $16,832,185 thousand in 2021, representing a growth of approximately 17.7%[12] - Container transportation revenue alone reached $19,796,285 thousand in 2022, compared to $16,807,325 thousand in 2021, indicating an increase of about 17.7%[13] - The operating profit for the container transportation and logistics segment was $10,090,263 thousand in 2022, compared to $7,380,271 thousand in 2021, reflecting a significant rise of approximately 36.7%[15] - The logistics business, Orient Overseas Logistics, performed excellently in 2022, with the Freightsmart platform providing valuable new channels for managing supply chain disruptions[36] - The company experienced a decline in freight rates starting in the second half of 2022, following a strong performance in the first half due to port congestion and vessel supply shortages[28] Future Outlook and Strategy - The group plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[18] - The company anticipates that the economic environment in the U.S. will remain uncertain, with expectations of prolonged recovery affecting demand and imports[28] - The overall market environment is expected to remain challenging in the first half of 2023, with potential improvements dependent on macroeconomic factors and inventory adjustments by importers[37] - The company plans to continue investing in information technology and industry digitization to support sustainable development and enhance shareholder returns[34] Corporate Governance - The company has adopted a customized corporate governance code, ensuring compliance with local and international best practices[45] - The board and management are committed to maintaining high-quality corporate governance, which significantly contributes to corporate success and shareholder value[44] - All directors confirmed compliance with the company's securities trading code and the standard code for the year ended December 31, 2022[46] Shareholder Information - The annual general meeting is scheduled for May 19, 2023, with the notice to be sent to shareholders around April 24, 2023[47] - The 2022 annual report will be published on the Hong Kong Stock Exchange website and the company's website, with distribution to shareholders around April 26, 2023[47] - The company will suspend share transfer registration from May 15 to May 19, 2023, to determine shareholders eligible to attend the annual general meeting on May 19, 2023[42] - The company will not process share transfer registration from May 29 to May 31, 2023, to determine shareholders eligible for the proposed final and second special dividend[42] Employee Information - The company employed 11,188 full-time employees globally as of December 31, 2022, maintaining competitive compensation and benefits[41]

Fund Utilization - The net proceeds from the first placement amounted to approximately HKD 923.73 million, fully utilized by December 31, 2021, with HKD 861.02 million allocated for shipbuilding and HKD 62.71 million for container purchases[2]. - The net proceeds from the second placement were approximately HKD 3,477.66 million, with HKD 365.87 million used by December 31, 2021, and HKD 730.17 million utilized by June 30, 2022[4]. - For the new 23,000 TEU vessel orders, HKD 1,950 million is planned for stage payments, with HKD 365.87 million already used by December 31, 2021[4]. - The remaining unutilized net proceeds from the second placement as of June 30, 2022, were HKD 1,219.83 million for the 23,000 TEU vessels and HKD 18.88 million for the 16,000 TEU vessels[4][5]. - The company has fully utilized the funds allocated for container purchases and general corporate purposes as of the announcement date[5]. - The company plans to utilize the remaining funds for the 16,000 TEU vessel payments due by June 30, 2023[5]. - The total planned allocation for the new vessel orders includes HKD 1,248 million for the 16,000 TEU vessels, with HKD 1,229.12 million already settled[4][5]. Payments and Settlements - The company has no further payments due for the 16,000 TEU vessels in 2022, as all payments were settled by December 31, 2021[5]. Corporate Governance - The company’s board of directors includes both executive and independent non-executive members, ensuring diverse oversight[6]. Exchange Rate - The exchange rate used for reference is USD 1 to HKD 7.80[5].

Financial Performance - The company achieved a record net profit attributable to shareholders of $5.664 billion in the first half of 2022, compared to $2.811 billion in the same period of 2021, representing an increase of 101%[4]. - Earnings per share for ordinary shares were $8.58, up from $4.42 in the previous year, reflecting a 94% increase[4]. - Revenue for the six months ended June 30, 2022, was $11,061,132 thousand, a 58.5% increase from $6,987,582 thousand in 2021[61]. - Operating profit for the same period was $5,745,431 thousand, up 101.5% from $2,855,006 thousand in 2021[61]. - Net profit for the six months ended June 30, 2022, was $5,664,112 thousand, compared to $2,811,056 thousand in 2021, representing a 101.5% increase[61]. - The company reported a total comprehensive income of $5,633,841 thousand for the period, compared to $2,820,474 thousand in 2021[63]. - The company reported a significant increase in profit attributable to shareholders, reaching $5,663,643 thousand in 2022, compared to $2,810,857 thousand in 2021, representing a growth of approximately 101.5%[98]. - The company paid dividends totaling $2,179,232 thousand during the first half of 2022, compared to $872,062 thousand in the same period of 2021, which is an increase of approximately 149.5%[68]. Revenue and Operational Highlights - The strong performance was driven by sustained demand in the container shipping market, despite not experiencing extreme demand or vessel shortages[4]. - In the first half of 2022, the group achieved a record semi-annual revenue with a 61% increase compared to the same period in 2021, despite a 7% decrease in overall cargo volume[14]. - The average revenue per standard container increased by 74% in the first half of 2022, driven by high freight rates due to supply chain challenges[14]. - The Pacific route saw a 14% decrease in cargo volume, but revenue increased by 78%, with average revenue per standard container rising by 106%[16]. - The Atlantic route experienced a 15% decrease in cargo volume, while revenue and average revenue per standard container increased by 70% and 101%, respectively[20]. - The Asia/Europe route maintained stable cargo volume but saw a 55% increase in revenue and a 55% rise in average revenue per standard container[19]. - Container transportation and logistics accounted for $11,049,611 thousand of the total revenue, with other income contributing $11,521 thousand[87]. Financial Position and Liquidity - The net debt to equity ratio improved to 0.65 as of June 30, 2022, compared to 0.2 on June 30, 2020, indicating a strong financial position[6]. - As of June 30, 2022, the group had total current assets of $11.1 billion and total liabilities of $2.6 billion, resulting in net cash of $8.5 billion, up from $4.7 billion at the end of the previous year[26]. - Cash and bank balances rose significantly to $10,922,473 thousand from $7,197,101 thousand, indicating a strong liquidity position[65]. - Cash and cash equivalents at the end of the period reached $8,266,910 thousand, up from $2,216,859 thousand at the end of June 2021, indicating an increase of approximately 272.5%[68]. - The company’s total assets increased to $19,912,698 thousand as of June 30, 2022, from $15,846,977 thousand at the end of 2021, representing an increase of approximately 25.9%[67]. Dividends and Shareholder Information - The board declared an interim dividend of $3.43 per ordinary share, compared to $1.76 in 2021, and a special dividend of $2.57 per ordinary share, slightly down from $2.65 in 2021[4]. - The company declared an interim dividend of $3.43 per share for the six months ended June 30, 2022, up from $1.76 per share in 2021, reflecting a growth of 95.3%[99]. - As of June 30, 2022, the total issued share capital of the company was 660,373,297 ordinary shares[39]. - Faulkner Global Holdings Limited holds 469,344,972 shares, representing 71.07% of the company's equity[45]. Strategic Initiatives and Future Outlook - The company is committed to enhancing its digital capabilities through initiatives like IQAX, GSBN, and FreightSmart, positioning itself at the forefront of industry digitalization[10]. - Future outlook remains uncertain due to inflation and rising interest rates impacting consumer spending, despite resilient demand for imported goods[7]. - The group has no new container ships delivered in the first half of 2022, but expects 12 ships with a capacity of 23,000 TEU to be delivered starting in 2023[24]. Environmental and Social Responsibility - The group has been recognized for its environmental efforts, achieving the highest level in the Green Flag Program at the Ports of Long Beach and Los Angeles[32]. - The group was included in three sustainability-related Hang Seng indices, reflecting its commitment to ESG and sustainable development[32]. - The group signed the Neptune Declaration to support seafarers' health and welfare during the COVID-19 pandemic, emphasizing its social responsibility[33]. Employee and Governance Information - The group employed 10,935 full-time employees globally, offering competitive compensation and benefits, including medical insurance and retirement plans[28]. - The company has adopted a customized corporate governance code and regularly reviews it to ensure transparency, accountability, and independence[51]. - The company’s directors and senior management have no interests in shares or debentures that require disclosure under the Securities and Futures Ordinance[44].

Financial Performance - The company reported a revenue of $16.832 billion for 2021, a 105% increase from $8.191 billion in 2020[5]. - Operating profit surged to $7.380 billion, reflecting a 644% increase compared to $992 million in the previous year[5]. - The company achieved a net cash flow from operating activities of $8.899 billion, a 367% increase from $1.905 billion in 2020[5]. - Orient Overseas International reported a profit attributable to shareholders of $281.1 million for the six months ended June 30, 2021, compared to a profit of $10.2 million in the same period of 2020[19]. - Orient Overseas (International) Limited recorded a profit attributable to shareholders of $7.128 billion in 2021, a significant increase from $903 million in 2020[32]. - The company reported a pre-tax profit of $7.337 billion in 2021, a remarkable increase of 703% from $0.914 billion in 2020[85]. - EBITDA rose from $1.005 billion in 2020 to $7.398 billion in 2021, with an EBITDA margin improving from 12.3% to 43.9%[110]. - The company reported a significant increase in dividends paid to shareholders, rising by 1,763% to $3,682,084,000 in 2021[131]. Operational Developments - The company launched FreightSmart, an advanced online platform providing instant quotes and booking confirmations, marking a significant step in its digital transformation[10]. - The company launched a new multimodal container transport service from Xi'an, China to the US East Coast, utilizing the China-Europe Railway Express and its own shipping services[19]. - Orient Overseas Logistics established a new inland container transfer station in Baghdad, Iraq, and launched a door-to-door service in Amman, Jordan, enhancing logistics options in the region[17]. - The company launched the first rail-sea product in collaboration with its shipping division to address space shortages in the U.S. market[53]. - The company is developing a new intelligent solution for dynamic space allocation and priority booking to maximize revenue, set to launch in Q1 2022[57]. Asset Management - The total assets increased by 49% to $15.847 billion from $10.645 billion in 2020[5]. - The company ordered 10 vessels with a capacity of 16,000 TEU at a total cost of $1.576 billion, scheduled for delivery between Q4 2024 and Q4 2025[33]. - A total of 12 vessels with a capacity of 23,000 TEU are already under construction, with deliveries expected between 2023 and 2024[33]. - The company’s total debt at the end of 2021 was $2,691,000,000, with $1,558,000,000 being fixed-rate debt[126]. - The company’s capital commitments amounted to $3,160,000,000 at the end of 2021, mainly for new ship construction projects[130]. Market Expansion and Strategy - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[162]. - Market expansion efforts include entering three new countries, projected to increase market share by 5%[161]. - The company plans to strengthen customer relationships and provide more end-to-end solutions while leading the industry's digital transformation[35]. - The company is focused on integrating AI and big data technologies to improve operational efficiency and address supply chain disruptions caused by the pandemic[56]. Environmental and Social Responsibility - The company emphasizes environmental, social, and governance (ESG) factors, preparing for upcoming international maritime regulations and ensuring the safety and welfare of its crew during the pandemic[34]. - OOCL became the first container shipping company globally to receive the "Safety, Quality and Environmental Management System" certification, covering international safety management regulations, ISO9001, and ISO14001 requirements[65]. - The company has implemented a corporate sustainable procurement strategy across all business levels and supply chain segments[63]. - The company introduced a carbon emissions calculator to help customers assess their supply chain's CO2 emissions, validated by a third-party consultant[64]. Governance and Management - The company has a diverse board with members holding degrees from prestigious institutions such as Princeton University and Stanford University[144][146][147]. - The board consists of 4 executive directors, 4 non-executive directors, and 5 independent non-executive directors, ensuring a balanced governance structure[184]. - The company has established a custom corporate governance code that adheres to local and international best practices[183]. - The board has delegated daily management responsibilities to the management team, led by the CEO[187]. Challenges and Risks - The company faced significant operational disruptions due to global port congestion, the Suez Canal incident, and labor shortages, impacting overall supply chain efficiency[40]. - The ongoing global supply chain disruptions have highlighted the interconnected nature of the container shipping system, with various factors causing significant delays and challenges[32]. - The company will continue to monitor key leading indicators and customer forecasts closely, especially in light of ongoing geopolitical events and potential COVID-19 fluctuations[36].