On the evening of April 29, COSCO SHIPPING Holdings (601919) released its results for the first quarter of 2022. During the reporting period, the company achieved EBIT of RMB 40.523 billion, a year-on-year increase of 104.11%; net profit of RMB 27.617 billion, a year-on-year increase of 78.73%; basic earnings per share of RMB 1.72 per share.
During the reporting period, COSCO SHIPPING Holdings made every effort to ensure the stability of the supply chain, and took multiple measures to solve transportation problems for customers. Under the severe situation of the spread of the global epidemic, the company’s digital strategy increasingly reflects the advantages of anti-risk. Through its foreign trade e-commerce platform (SynCon Hub) and intelligent customer service platform (ICSP) and other digital platforms, the company provides customers with online services in all aspects of container transportation, helping customers to achieve a full-process home “cloud” worry-free office. At the same time, with the continuous growth and maturity of the core products of the global shipping business network, the continuous promotion of the “paperless delivery” function based on blockchain technology has not only improved the efficiency of import delivery, but also improved the “paperless delivery” function based on blockchain technology. The “contactless” service model has broken through the layers of barriers that hinder the shipment of goods and minimized the adverse impact of the epidemic.
During the reporting period, due to the impact of the epidemic, transportation efficiency in some parts of the country declined. COSCO SHIPPING Holdings took various measures to rebuild mutual trust in cargo flow and improve freight efficiency. In response to the blockage of road transportation in some areas in the short term, the company has rapidly expanded service modes such as “land-to-water”, “road-to-rail” and sea-rail combined transportation, creating more possibilities for transportation under the influence of the epidemic, and providing “COSCO SHIPPING Solutions”. Make every effort to ensure the transportation of epidemic prevention materials and important production and livelihood materials. Under the epidemic situation, the company’s dual brands released special service guidelines and fee reduction announcements, reflecting the company’s determination and confidence to join hands with customers to fight the epidemic and overcome the difficulties together.
The company said that in the future, the container shipping industry will still be challenged and impacted by multiple factors such as repeated COVID-19 epidemics, local geopolitics, and energy price fluctuations. mission. The company will make unremitting efforts to be at the forefront of the industry, play an important role in world trade, play an active role in ensuring the smooth flow of global supply chains, provide better services to customers, and create greater value for shareholders. (Yan Yun)
