Financial Performance - For the fiscal year ending December 31, 2024, the total revenue of COSCO SHIPPING Holdings was RMB 233,859,079,000, representing an increase of RMB 58,406,104,000 or 33.29% compared to the previous year[5]. - The profit attributable to equity holders of the company for the fiscal year was RMB 49,172,465,000, an increase of RMB 25,312,296,000 or 106.09% year-over-year[5]. - Basic and diluted earnings per share for the fiscal year were both RMB 3.08, compared to RMB 1.48 in the previous year[6]. - The total comprehensive income for the year was RMB 58,309,842,000, compared to RMB 30,810,001,000 in the previous year[7]. - Total revenue for the year ended December 31, 2024, was RMB 233,859,079, with container shipping contributing RMB 225,971,372 and terminal operations contributing RMB 10,809,999[22]. - The annual profit before tax amounted to RMB 67,086,756, with a net annual profit of RMB 55,592,667 after tax expenses of RMB 11,494,089[22]. - Total revenue for the year ended December 31, 2023, was RMB 175,452,975, with external revenue from container shipping at RMB 168,044,636[24]. - Operating profit for 2024 was RMB 59.02 billion, up from RMB 24.65 billion in 2023, marking an increase of 139.48%[51]. - Net profit attributable to shareholders reached RMB 49.17 billion in 2024, compared to RMB 23.86 billion in 2023, reflecting a growth of 105.73%[51]. Assets and Liabilities - Non-current assets increased to RMB 291,355,237,000 from RMB 259,991,093,000 year-over-year[10]. - Total assets amounted to RMB 497,472,214,000, up from RMB 462,570,620,000 in the previous year[10]. - The total equity attributable to equity holders of the company was RMB 234,668,063,000, compared to RMB 196,115,229,000 in the previous year[12]. - Total liabilities decreased to RMB 212,413,437,000 from RMB 219,219,595,000 year-over-year[12]. - The group's net cash position reached RMB 149,513,392 thousand after deducting total borrowings, an increase of RMB 11,624,870 thousand compared to the previous year[90]. - The total borrowings as of the end of 2024 amounted to RMB 34,675,686 thousand, down from RMB 43,276,918 thousand in 2023[92]. Cash Flow and Financial Management - The net cash flow from operating activities was RMB 69,312,919 thousand, an increase of RMB 46,729,090 thousand, representing a growth of 206.91%[86]. - The net cash outflow from investment activities was RMB 26,971,632 thousand, an increase of RMB 8,629,508 thousand compared to the previous year[87]. - The net cash outflow from financing activities was RMB 40,620,065 thousand, a decrease of RMB 19,409,105 thousand compared to the previous year[88]. - Cash and cash equivalents totaled RMB 184,189,078 thousand at the end of 2024, an increase of RMB 3,023,638 thousand, representing a growth of 1.67%[85]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 1.03 per ordinary share for the fiscal year 2024[5]. - The company plans to distribute a cash dividend of RMB 1.03 per share for 2024, totaling approximately RMB 16.13 billion, which is 50% of the net profit attributable to shareholders[39]. - A cash dividend of RMB 1.03 per share is proposed, totaling approximately RMB 161.31 billion, which represents about 50% of the net profit attributable to shareholders for 2024[125]. Operational Segments and Revenue Sources - The company's operational segments include container shipping, terminal operations, and other businesses, with the primary decision-makers being the executive directors[20]. - The operating profit for the container shipping business was RMB 57,485,633, while the terminal business reported an operating profit of RMB 1,714,476[22]. - Non-maritime supply chain revenue reached RMB 40.939 billion in 2024, representing a year-on-year growth of 18.09%[59]. - The total cargo volume of the group reached 25,939,273 TEUs in 2024, a year-on-year increase of 10.12%[110]. Strategic Initiatives and Future Outlook - The company plans to expand its operations in the Asia-Pacific region, with revenue from this area projected at RMB 55,207,874 for 2024[29]. - The company is focusing on green low-carbon transformation, with significant advancements in energy efficiency and renewable energy projects at its ports[63]. - The company aims to enhance its global network resources and optimize resource allocation to tap into emerging markets and regional opportunities[132]. - The company is actively pursuing digital transformation and innovation, leveraging big data and AI technologies to improve operational platforms[136]. Corporate Governance and Compliance - The company is committed to maintaining high standards of corporate governance, having adopted a corporate governance code that aligns with best practices[143]. - The company has appointed Shinewing (HK) CPA Limited and Shinewing CPA (Special General Partnership) as its international and domestic auditors for the fiscal year ending December 31, 2024[155]. - The annual performance announcement contains historical data and does not guarantee future performance, with actual results potentially differing significantly from forward-looking statements[156].
中远海控(01919) - 2024 - 年度业绩