NBOSCO(SH:601022) Chang Jiang Shang Bao·2025-09-09 00:05Core Viewpoint - Ningbo Ocean plans to invest approximately 2.894 billion yuan to establish two wholly-owned subsidiaries in Singapore, focusing on expanding its shipping business by constructing and operating container ships [1][2][3] Investment Details - The investment includes the construction of 4 vessels of 2700 TEU and 4 vessels of 4300 TEU, with total investments of approximately 1.194 billion yuan and 1.7 billion yuan respectively [2][3] - The funding for these investments will come from self-owned or self-raised funds, with actual investment amounts subject to approval by local authorities in China and Singapore [2] Company Performance - Ningbo Ocean has shown stable profitability, with annual profits exceeding 500 million yuan from 2021 to 2024 [1][3] - In the first half of 2025, the company reported revenue of 2.928 billion yuan, a year-on-year increase of nearly 20%, and a net profit of 378 million yuan, up over 36% [1][8] Fleet and Capacity - As of June 2025, the company operates 108 vessels with a total capacity of 1.687 million deadweight tons and 94,000 TEU, marking a year-on-year increase of 12% and 16% respectively [3][7] - Ningbo Ocean ranks 24th in the Alphaliner global container shipping capacity rankings and is the largest container shipping company in Zhejiang Province [7] Strategic Positioning - The company leverages its location at Ningbo-Zhoushan Port, a key hub in China's maritime logistics, enhancing its operational efficiency and service quality [6][7] - Ningbo Ocean aims to strengthen its international competitiveness and service capabilities by utilizing Singapore's advantages as a global shipping center [3][6]