COSCO SHIPPING Specialized(600428) 每日经济新闻·2025-04-09 15:38Core Viewpoint - The company, COSCO Shipping Specialized Carriers, is experiencing significant growth in the specialized shipping market, with a projected revenue increase and expansion in fleet capacity for 2024 [1][2]. Financial Performance - In 2024, the company achieved a revenue of 16.78 billion yuan, a year-on-year increase of 37.57%, and a net profit attributable to shareholders of 1.531 billion yuan, up 43.82% [1]. - For Q1 2025, the company reported a revenue of 5.196 billion yuan, a 51.47% increase year-on-year, and a net profit of 345 million yuan, which is a 1.56% increase [2]. Market Dynamics - The company noted that the multi-purpose heavy-lift and semi-submersible vessels saw a rise in charter rates, with the average rate for multi-purpose heavy-lift vessels increasing from 48,600 per operating day, a growth of 238.56% [4]. - The company is expanding its market presence by launching new shipping routes and optimizing cargo structures, leading to increased transportation volumes for key goods like pulp and automobiles [2][4]. Strategic Outlook - The company anticipates a complex shipping market in 2025 due to geopolitical uncertainties, including the ongoing Red Sea crisis and potential impacts from tariff policies [4][5]. - The multi-purpose heavy-lift vessel market is expected to maintain a stable growth trajectory, driven by global economic recovery and increased demand for equipment transportation [5].