COSCO SHIPPING Development : Releases Third Quarterly Report 2022Promote High-Quality Develo...

COSCO SHIPPING Development Releases Third Quarterly Report 2022Promote High-Quality Development Amidst Complex Market Environment

发布时间： 2022-10-31

On the evening of October 28, COSCO SHIPPING Development (the "Company", 601866.SH/02866.HK) disclosed its third quarterly report for 2022. In the first three quarters of 2022, the Company recorded stable economic benefits with operating revenue of RMB18.968 billion, net profit attributable to shareholders of the listed company of RMB3.717 billion and basic earnings per share of RMB0.2782. Steady development amidst the complex market environment 　　The first three quarters has seen a slower global economic development and increased volatility in the shipping market. In the face of the complex and grim market situation, the Company has actively made target planning under guidance of its strategy so as to enhance its ability to forecast and cope with changes in the market. The Company focused on improving quality and efficiency, and unlocked its growth potential to firmly promote its high-quality development amidst market fluctuations. 　　During the reporting period, the Company continued to expand internal and external ship leasing business, and kept optimizing the business model and plan for integration between production and finance to give full play to the synergistic advantages of the industry chain characterized by "integration of leasing and manufacturing, and integration of leasing and transportation". In term of container leasing business, the Company not only leveraged the market opportunity of strong demand for second-hand containers to stabilize its container leasing business, but also strengthened its container trading business in due course, effectively improving cost effectiveness of its assets. Customer service capability of the Company was improved by fully unlocking the potential of its global. In terms of container manufacturing business, the Company actively responded to fluctuations in the shipping market and promoted intelligent and low-carbon development through integrations of technological resources. With a focus on product innovation and research and development, the Company enhanced customer stickiness by offering quality services, strengthened market development relying on diversified products and improved its core competitiveness in order to promote its sustainable development. Proactive and stable dividend scheme to ensure universal enjoyment of the fruits of the development 　　The Company is committed to creating value for investors and safeguarding their interests, and has paid dividends in cash for four consecutive years, with the ratio of dividends increasing year by year. The Company has been enhancing its ability to reward its shareholders. In August 2022, the Company successfully paid dividends to investors of its A and H shares for the year 2021 by paying total cash dividends of approximately RMB3.06 billion to all shareholders, accounting for over 50% of the Company's net profits attributable to shareholders of the listed company and other equity holders for 2021. 　　Technological innovations creating powerful force for sustainable development 　　The Company has integrated environmental, social and governance (ESG) concepts into its core strategy, management structure, corporate culture and business operations. It pays close attention to the needs of internal and external stakeholders, and continuously improves ESG performance. The Company fully promotes its electric ship project, and develops and manufactures marine containerized power batteries around the electric ship industry chain to jointly promote the technological innovation and industrialization of electric ships, thus contributing to the green and zero-carbon development. 　　The container manufacturer of the Company has been paying attention to people's livelihood and also actively engaging in innovation. The manufacturer was granted by BRICS Business Council 2022 Award of Excellence for Improving People's Livelihood for its integrated containerized bio-toilet project. Enhancing risk prevention and control ability to actively cope with market fluctuations 　　Facing the uncertainty of the external situation and market fluctuations, the Company further improved its law-based governance and risk control. In this regard, the Company improved its compliance management, effectively identified and prevented risks, and further enhanced the risk management mechanism to continuously improve the accuracy and effectiveness of risk prevention and control, all of which have consolidated foundation for its high-quality development in terms of law-based governance and compliance. Targeted planning for achieving better-quality and more efficient operation by leveraging functions of industry-finance platform 　　Looking ahead, COSCO SHIPPING Development will continue to create and improve the shipping industry and finance operation and service system, focus on promoting scientific and technological innovation, strengthen digital intelligence empowerment, and optimize the service mode relying on integration of industry and finance with a view to promoting high-quality development with better industrial planning and better service as well as more efficient operation and management.