中远海控(601919) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was approximately CNY 42.71 billion, a decrease of 59.61% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was approximately CNY 5.51 billion, down 83.07% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was approximately CNY 5.46 billion, a decline of 83.12% compared to the previous year[5]. - The basic earnings per share for Q3 2023 was CNY 0.34, representing an 83.17% decrease from CNY 2.02 in the same quarter last year[5]. - The weighted average return on equity for Q3 2023 was 2.74%, a decrease of 13.18 percentage points compared to the previous year[5]. - The cumulative operating revenue for the year-to-date period was approximately CNY 134.56 billion, down 57.49% year-on-year[5]. - The cumulative net profit attributable to shareholders for the year-to-date period was approximately CNY 22.07 billion, a decrease of 77.33% compared to the same period last year[5]. - The company's EBIT for the first nine months of 2023 was CNY 33.23 billion, a decrease of CNY 110.38 billion, representing a decline of 76.86% year-on-year[12]. - The total revenue for the container shipping business in the first three quarters of 2023 was RMB 129.24 billion, a decrease of 58.38% compared to RMB 311.23 billion in the same period of 2022[19]. - The EBIT (Earnings Before Interest and Taxes) for the container shipping business in the first three quarters of 2023 was RMB 27.25 billion, down 78.54% from RMB 138.26 billion in 2022[19]. - The net profit for the container shipping business in the first three quarters of 2023 was RMB 21.56 billion, a decline of 81.66% compared to RMB 116.84 billion in the same period of 2022[19]. - The total revenue for the company in the third quarter of 2023 was RMB 37.47 billion, down 62.33% from RMB 99.47 billion in the same quarter of 2022[17]. - The company's comprehensive income for the first three quarters of 2023 totaled approximately RMB 29.35 billion, down 76.5% from RMB 124.74 billion in the same period of 2022[29]. Container Shipping Performance - The average container shipping revenue per box has significantly declined, contributing to the overall decrease in performance[9]. - The China Container Freight Index (CCFI) average for the first three quarters of 2023 decreased by 69.54% year-on-year, with a 70.31% decline in Q3 alone[9]. - The company faced challenges in the container shipping industry due to weakened transport demand and increased capacity supply[9]. - The container shipping business handled a total of 17.46 million TEUs in the first nine months of 2023, down 5.82% compared to the same period last year[13]. - The total cargo volume for the trans-Pacific route in Q3 2023 was 1,072,951 TEUs, a decrease of 1.06% year-on-year[14]. - The total cargo volume for the Asia-Europe route in Q3 2023 was 1,112,120 TEUs, a decrease of 0.29% year-on-year[14]. - The total cargo volume for the intra-Asia route in Q3 2023 was 2,094,974 TEUs, an increase of 2.17% year-on-year[14]. - The total revenue from the company's own container shipping lines in the first three quarters of 2023 was RMB 88.45 billion, down 57.31% from RMB 207.72 billion in 2022[19]. - The average revenue per container for international routes in the first three quarters of 2023 was USD 1,097, a decrease of 38.96% from USD 2,876 in the same period of 2022[20]. - The EBIT margin for the container shipping business in the first three quarters of 2023 was 21.08%, a decrease of 23.34 percentage points from 44.42% in 2022[19]. - The revenue from the Asia-Pacific routes in the third quarter of 2023 was RMB 6.34 billion, a decrease of 56.34% compared to RMB 14.52 billion in the same quarter of 2022[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 477,800, with the top ten shareholders holding a combined 43.34% of the total shares[10]. - The company plans to distribute a cash dividend of CNY 0.51 per share, subject to shareholder approval[12]. - The company’s total shareholding by China Ocean Shipping Group, directly and indirectly, is 7,009,619,897 shares, approximately 43.34% of the total share capital as of September 30, 2023[11]. Cash Flow and Assets - The company reported a net cash inflow from operating activities of approximately RMB 139.39 billion for the first three quarters of 2023, compared to RMB 316.36 billion in the same period of 2022, reflecting a decline of 56.0%[30]. - The net cash inflow from operating activities for the first three quarters of 2023 was CNY 20,523,635,705.76, a significant decrease of 87.7% compared to CNY 166,460,666,171.86 in the same period of 2022[31]. - Cash received from other operating activities increased to CNY 10,748,413,187.74, up 83.5% from CNY 5,871,129,798.79 year-over-year[31]. - The total cash outflow from operating activities decreased to CNY 130,276,603,223.80, down 17.1% from CNY 156,935,244,664.51 in the previous year[31]. - The cash and cash equivalents at the end of the period decreased to CNY 197,769,261,775.97, down 33.2% from CNY 296,192,415,448.59 at the end of 2022[32]. - The total assets as of September 30, 2023, were CNY 89,456,120,865.70, a decrease from CNY 112,360,923,213.83 at the end of 2022[34]. - The company's current assets decreased to 219,886,942,087.52 RMB as of September 30, 2023, down from 261,154,129,671.87 RMB at the end of 2022[24]. - The total liabilities decreased to 228,457,432,907.56 RMB as of September 30, 2023, compared to 258,136,983,625.77 RMB at the end of 2022[26]. - The company's cash and cash equivalents were reported at 198,955,638,006.15 RMB, down from 236,876,613,424.69 RMB at the end of 2022[24]. - The long-term borrowings stood at 33,018,288,857.26 RMB, a slight decrease from 34,297,589,627.51 RMB at the end of 2022[26]. - The total equity attributable to shareholders increased to 203,175,142,785.86 RMB as of September 30, 2023, from 200,590,667,092.44 RMB at the end of 2022[26]. Research and Development - Research and development expenses for the first three quarters of 2023 were approximately RMB 757.18 million, a decrease of 23.6% compared to RMB 991.31 million in the same period of 2022[28].