COSCO SHP HLDG UNSP/ADR - CICOY STOCK NEWS

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COSCO SHIPPING Development Co., Ltd., affiliated with China COSCO Shipping Corporation, specializes in supply chain integrated financial services. Formerly China Shipping Container Lines, it focuses on container manufacturing, leasing, and shipping businesses, aiming for industry-finance integrated development. The company excels in market-oriented approaches, professional strengths, and international vision to become a world-class financial operator within the shipping industry.

08/30/2023 12:00 PM

News

COSCO SHIPPING Development Announces 2023 Interim Results

Rhea-AI Summary

COSCO SHIPPING Development announces results for H1 2023, with operating revenue of RMB5.707 billion and net profit of RMB1.103 billion. The company focused on the shipping industry chain, achieving a steady increase in income from vessel leasing business. Container leasing business maintained a stable rental rate of over 99%. The company also made advancements in digital technology innovation and green shipping. Corporate governance improvements were recognized.

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Rhea-AI Sentiment

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COSCO SHIPPING Development Announces 2022 Annual Results Focuses on New Ecology and Embraces New Changes

Rhea-AI Summary

COSCO SHIPPING Development Co., Ltd. reported an operating revenue of RMB25.465 billion and a net profit of RMB3.923 billion for the year ended December 31, 2022. Basic earnings per share were RMB0.29. The company declared a cash dividend of RMB0.087 per share, marking four consecutive years of dividend distributions. Notable revenue included RMB7.844 billion from shipping leasing and RMB20.711 billion from container manufacturing. The company also emphasized its commitment to digital transformation, sustainability initiatives, and green shipping strategies, including developing electric container vessels.

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Rhea-AI Sentiment

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FAQ

What is the current stock price of COSCO SHP HLDG UNSP/ADR (CICOY)?

The current stock price of COSCO SHP HLDG UNSP/ADR (CICOY) is $5.32 as of April 16, 2024.

What is the market cap of COSCO SHP HLDG UNSP/ADR (CICOY)?

The market cap of COSCO SHP HLDG UNSP/ADR (CICOY) is approximately 22.3B.

What services does COSCO SHIPPING Development provide?

COSCO SHIPPING Development specializes in supply chain integrated financial services, container manufacturing, leasing, and shipping businesses.

When was COSCO SHIPPING Development established?

COSCO SHIPPING Development, formerly China Shipping Container Lines, was established in 1997 with headquarters in Shanghai, China.

What is the core business focus of COSCO SHIPPING Development?

The core business focus of COSCO SHIPPING Development includes container manufacturing, container leasing, and shipping leasing businesses.

What are the aspirations of COSCO SHIPPING Development within the shipping industry?

COSCO SHIPPING Development aspires to grow into an excellent world-class financial operator with COSCO SHIPPING characteristics.

How does COSCO SHIPPING Development aim to achieve industry-finance integrated development?

COSCO SHIPPING Development pursues industry-finance integrated development underpinned by investment.

What sets COSCO SHIPPING Development apart in the industry?

COSCO SHIPPING Development excels in market-oriented approaches, professional strengths, and international vision.

Where is COSCO SHIPPING Development listed?

COSCO SHIPPING Development is listed on both the Hong Kong and Shanghai stock exchanges.

What are the contact details for investor and media inquiries at COSCO SHIPPING Development?

For investor and media inquiries, contact Jack Liu or Mei Ning at PRChina Limited. Tel: (852) 2522-1838. Email: zyliu@prchina.com.hk / nmei@prchina.com.hk.

What is the latest news from COSCO SHIPPING Development?

Check out the latest news and updates about COSCO SHIPPING Development's 2023 interim results and their focus on value creation, sustainable development, and technology innovation.

How does COSCO SHIPPING Development contribute to green shipping practices?

COSCO SHIPPING Development promotes green shipping practices through initiatives like the Yangtze River electric container vessel demonstration project and container-type power supply solutions.

What recent achievements has COSCO SHIPPING Development accomplished?

COSCO SHIPPING Development has achieved excellent performance in information disclosure, investor relations, ESG governance, and was selected as a constituent company in the Central-SOEs Shareholder Return Index.