Core Viewpoint - China COSCO Shipping Holdings Co., Ltd. (中远海控) plans to repurchase between 50 million to 100 million A-shares and subsequently cancel them, aiming to enhance shareholder value and restore investor confidence as the stock price is below its net asset value per share [2][5][10]. Repurchase Plan - The repurchase will be conducted through centralized bidding, with a maximum price of CNY 14.98 per share, estimating a total repurchase amount between CNY 749 million to CNY 1.498 billion [2][9]. - The shares repurchased will be fully canceled, reducing the registered capital of the company [9][10]. - The repurchase is expected to occur within three months from the board's approval date [8][9]. Financial Context - As of June 30, 2025, the company reported total assets of CNY 498.497 billion and net assets attributable to shareholders of CNY 232.062 billion, with cash and cash equivalents amounting to CNY 169.143 billion [10]. - The planned repurchase amount represents approximately 0.30% of total assets, 0.65% of net assets, and 0.89% of cash and cash equivalents [10]. Recent Performance - In the first half of 2025, the company achieved revenue of CNY 1,090.99 billion, a year-on-year increase of 7.78%, and a net profit attributable to shareholders of CNY 175.36 billion, up 3.95% [16]. - However, the second quarter saw a decline in revenue and net profit, attributed to fluctuating global shipping demand and geopolitical tensions affecting the market [16]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.56 per share (before tax) to all shareholders, totaling CNY 8.674 billion, maintaining a dividend payout ratio of around 50% [16].

| may and | | | | | | HI THE LEAD THE | | --- | --- | --- | --- | --- | --- | --- | | 港(1919):12.000(+0.33%) | | | H/A:-24.17% | 行情分析 | | 深度分析 | | 委比 | -24.25% 委差 | | -7745 | 主力流入 | | 53256 万元 | | 卖五 | 14.49 | 3531 | | 主力流出 | | 52486 万元 | | 卖四 | 14.48 | 3314 | | 主力净流入 | | 769 万元 | | 英三 | 14.47 | 1550 | | | | | | 卖二 | 14.46 | 1976 | | (万元) | 流入 | 流出 | | 卖一 | 14.45 | 9472 | | 超大 | 18215 | 19030 | | 浙 | 14.44 | 1033 | | 大单 | 35041 | 33456 | | 买二 | 14.43 | 1819 | | 中東 | 41843 | 42471 | | दों = | 14.42 | 2584 | ...

Core Viewpoint - China COSCO Shipping Holdings Co., Ltd. (中远海控) plans to repurchase between 50 million to 100 million A-shares and subsequently cancel them, aiming to enhance shareholder value and restore investor confidence as the stock price is below its net asset value per share [1][3][5]. Summary by Sections Repurchase Plan - The company announced a share repurchase plan on October 13, with a maximum repurchase price set at 14.98 CNY per share, estimating a total repurchase amount between 749 million to 1.498 billion CNY [1][3][4]. - The repurchase will be conducted through centralized bidding and is expected to occur within three months from the board's approval [3][4]. Financial Position - As of June 30, 2025, the company reported total assets of 498.497 billion CNY and net assets attributable to shareholders of 232.062 billion CNY, with cash and cash equivalents amounting to 169.143 billion CNY [5]. - The planned repurchase amount represents approximately 0.30% of total assets, 0.65% of net assets, and 0.89% of cash and cash equivalents [5]. Recent Performance - In the first half of 2025, the company achieved revenue of 109.099 billion CNY, a year-on-year increase of 7.78%, and a net profit attributable to shareholders of 17.536 billion CNY, up 3.95% [9]. - The second quarter of 2025 saw a revenue decline of 3.39% year-on-year, with net profit down 42.25% compared to the previous year, attributed to fluctuating global shipping demand and tariff policy changes [9]. Shareholder Returns - The company plans to distribute a cash dividend of 0.56 CNY per share for the first half of 2025, totaling 8.674 billion CNY, maintaining a dividend payout ratio of around 50% [9].