The listed companies under COSCO SHIPPING announced their 2021 annual results

In 2021, COSCO SHIPPING Holdings recorded EBIT of RMB131.5 billion. The profit attributable to the Company's equity holders was RMB89.296 billion, representing an increase of RMB79.369 billion or 799.52% compared to the year of 2020. The company's asset-liability ratio was reduced to 56.76%, representing a decrease of 14.3%s compared to the year-end of 2020. The Board of Directors recommends that the Company distribute a final dividend of RMB0.87 per common share (tax inclusive) for 2021, with a total cash dividend of RMB13.932 billion. 

The Company's dual brands, together with the members of the OCEAN Alliance, officially launched DAY 5 products, covering 39 routes with an aggregate capacity of 4.1 million TEUs. The newly launched products provide more stable services with broader coverage, better quality and shorter lead time.

In 2021, the Company enhanced the advantages of industrial chain operation, actively created a land-sea integrated operating model to ensure the stability of the global industrial and supply chain, and provided more reliable end-to-end services to customers.

During the Reporting Period, the Global Shipping Business Network (GSBN) announced the operation in 11 ports at home and abroad. GSBN has realized Cargo Release in Hong Kong, Singapore, Thailand and other countries and regions, which greatly simplified data exchange in the way of a paperless solution. Therefore, it improved customer experience and steadily strengthened its influence over the industry.

The Company actively fulfilled corporate social responsibility and promoted green and sustainable development. The dual-brand fleet continued to reduce the impact of its business operations on the environment and lower carbon emissions through measures such as optimizing the fleet structure and route design and effectively reducing fuel consumption. In the future, the Company will contribute to carrying out social responsibility, environmental protection, and emission reduction in terms of developing green, low-carbon and intelligent shipping to create greater value for shareholders.

Source: Cosco Shipping