Financial Performance - For the year ended December 31, 2022, COSCO SHIPPING Holdings reported revenue of RMB 391,058,497,000, an increase of RMB 57,364,554,000 or 17.19% compared to 2021[1]. - The profit attributable to equity holders of the company for the same period was RMB 109,684,166,000, reflecting an increase of RMB 20,335,218,000 or 22.76% year-over-year[1]. - Basic and diluted earnings per share for 2022 were RMB 6.83 and RMB 6.78, respectively, compared to RMB 5.59 and RMB 5.56 in 2021[3]. - Operating profit for the year was RMB 162,998,834,000, up from RMB 128,346,320,000 in 2021[2]. - Total comprehensive income for the year was RMB 138,254,449,000, compared to RMB 101,955,902,000 in the previous year[4]. - The company reported a net profit of RMB 131,417,156 thousand for the year, compared to RMB 103,905,361 thousand in the previous year, indicating a year-over-year increase of approximately 26.4%[12][13]. - The company’s effective tax rate was approximately 21.4%, with income tax expenses totaling RMB 35,758,814 thousand for the year[12]. - The income tax expense for 2022 was RMB 35,758,814, compared to RMB 24,101,179 in 2021, reflecting the company's increased profitability[22]. Assets and Liabilities - Non-current assets totaled RMB 250,636,711,000 as of December 31, 2022, an increase from RMB 211,153,620,000 in 2021[5]. - Current assets amounted to RMB 261,143,003,000, compared to RMB 203,121,502,000 in the previous year[5]. - The total assets of the company reached RMB 511,779,714,000, up from RMB 414,275,122,000 in 2021[5]. - Total liabilities rose to RMB 258,256,246 thousand in 2022, compared to RMB 234,815,076 thousand in 2021, marking an increase of 10%[6]. - Non-current liabilities decreased to RMB 98,792,239 thousand in 2022 from RMB 113,449,542 thousand in 2021, a reduction of 13%[6]. - Current liabilities increased to RMB 159,464,007 thousand in 2022, compared to RMB 121,365,534 thousand in 2021, reflecting a rise of 31.4%[6]. - The net current assets increased to RMB 101,678,996 thousand in 2022 from RMB 81,755,968 thousand in 2021, indicating a rise of 24.4%[6]. Dividends - The board proposed a final dividend of RMB 1.39 per share for the year 2022[1]. - The company proposed a cash dividend of RMB 1.39 per share, totaling RMB 22.372 billion for the year-end distribution, which is approximately 50% of the net profit attributable to shareholders for 2022[24]. - The company distributed a total of RMB 54.722 billion in cash dividends for the year 2022, combining both the year-end and mid-year distributions[24]. Segment Performance - The profit from the container shipping segment was RMB 160,426,816 thousand, while the terminal business generated a profit of RMB 1,779,797 thousand, contributing to a total segment profit of RMB 162,998,834 thousand[12]. - Total revenue for the container shipping business reached RMB 384,035,553, with external revenue of RMB 383,993,233 for the year ended December 31, 2022[16]. - Revenue from the Americas region was RMB 115,007,179, while Europe generated RMB 100,760,668, and the Asia-Pacific region contributed RMB 92,876,196 for the same period[16]. - The total revenue for the terminal operations was RMB 9,798,133, with external revenue of RMB 7,065,264, indicating a significant contribution from the China region[16]. Investments and Acquisitions - The company completed acquisitions totaling RMB 22.83 billion for an 81% stake in Shanghai Tianhongli Asset Management and RMB 11.91 billion for 100% of Shanghai Haizhenlan Industrial[7]. - The group has a capital commitment of RMB 43,275,007 thousand for the construction of 44 container ships as of December 31, 2022[70]. - The group has entered into shipbuilding agreements for 12 methanol dual-fuel container ships at a total price of approximately RMB 206.3612 billion[74]. Operational Strategies - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and customer service[12]. - The company plans to maintain stable growth in container fleet capacity and optimize global route networks while expanding into emerging and regional markets[44]. - The company aims to enhance digital supply chain construction by providing intelligent and visualized container services, replicating successful models from the home appliance and automotive industries[44]. - The company is focusing on green transformation and sustainable development, investing in energy-saving technologies and green fuel research[98]. Risk Management and Compliance - The company is enhancing its risk management mechanisms to ensure stable development amid a complex external environment[42]. - The company has adopted the standard code of conduct for securities trading by directors since its listing on the Hong Kong Stock Exchange in 2005, confirming compliance as of December 31, 2022[109]. - The Audit Committee, established in April 2005, consists of three independent non-executive directors, ensuring the capability to understand and review financial reports[110]. Market Trends and Future Outlook - The container shipping market is experiencing accelerated development and transformation due to challenges in global trade and supply chains[98]. - The integration of logistics supply chains is becoming crucial for enhancing service resilience and market competitiveness in the shipping industry[98]. - The Regional Comprehensive Economic Partnership (RCEP) is expected to drive over 10% export growth for member countries, presenting new opportunities for the port industry[99]. - In 2023, the company plans to optimize its global carrier layout, strengthening its presence in key routes, particularly in Europe and North America, with a total of 41 routes and a capacity of 4.62 million TEUs announced on December 7, 2022[101][102].
中远海控(01919) - 2022 - 年度业绩