COSCO SHIPPING Holdings Co., Ltd. provided earnings guidance for the year ended 31 December 2021. The Group expect to record a net profit attributable to the Shareholders for the year ended 31 December 2021 of approximately RMB 89.28 billion, representing an increase of approximately RMB 79.35 billion or 799.3% as compared to that of approximately RMB 9.93 billion for the year ended 31 December 2020. The net profit (after deducting non-recurring profit and loss) attributable to the Shareholders for the Reporting Period is expected to be approximately RMB 89.14 billion, representing an increase of approximately RMB 79.55 billion or 829.2% as compared to that of approximately RMB 9.59 billion for the year ended 31 December 2020.
The basic earnings per Share for the Recording Period is expected to be approximately RMB 5.59 as compared to the basic earnings per Share of RMB 0.81 and the adjusted basic earnings per Share of RMB 0.62 for the year ended 31 December 2020, considering the capitalization issue of the Company in the year 2021.
COSCO SHIPPING Holdings Co., Ltd. specializes in sea transport. Net sales break down by activity as follows:
- container transport (98.3%): activity insured through a fleet of 403 vessels at the end of April 2022;
- management services of port terminals (1.7%).
Net sales are distributed geographically as follows: China (7.7%), Asia/Pacific (23%), Europe (29.5%), America (25.9%), and other (13.9%).
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