COSCO SHIP HOLD(601919)2024-11-19 10:19Group 1: Operational Performance - As of the third quarter, the company's production and operation are normal, with high utilization rates on major export routes to Europe and the United States [1] - The global container shipping market is entering a low season, with stable overall transport demand and a slight decline in market rates after several weeks of increases [3] Group 2: Supply Chain Development - The company is building an integrated global digital supply chain service ecosystem, focusing on "container shipping + ports + related logistics" [3] - By the end of the third quarter, the company has opened 550 domestic and foreign sea-rail intermodal transport channels [3] - A total of 33 combined products have been launched, covering over 90 countries and regions globally, enhancing service range and product diversity [3] Group 3: Market Share and Revenue - In the first three quarters of 2024, international route revenue accounted for 94.58% of the container shipping revenue [3] Group 4: Future Outlook - The company anticipates challenges from geopolitical tensions, tightening environmental regulations, and opportunities from a potential recovery in global trade and moderate growth in shipping demand [4] - The company aims to accelerate the construction of a modern shipping service system characterized by full-chain, intelligent, and green features, aligning with its vision of becoming a world-class shipping technology enterprise [4]