On January 26th, COSCO SHIPPING announced that it is expected to achieve a net profit attributable to shareholders of the listed company of RMB 1.33 billion to RMB 1.543 billion in 2024, an increase of 25% to 45% year-on-year. The main reasons include the growth of main business, the impact of non recurring gains and losses, and the impact of asset impairment losses. Among them, the main business was affected by factors such as the improvement of global maritime trade supply and demand, and the enhancement of the atmosphere of the shipping market, resulting in an average year-on-year increase in revenue, gross profit, and time charter rates.
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