On March 25, China Merchants Energy Shipping released its 2020 annual report. The company achieved operating income of 18.073 billion yuan in 2020, a year-on-year decrease of 2.88%;
The net profit attributable to shareholders of listed companies was 2.777 billion yuan, a year-on-year increase of 43.71%; basic earnings per share were 0.41 yuan.
The report shows that the company's total assets are 58.635 billion yuan (of which, overseas assets are 54.074 billion yuan, accounting for 92.22% of total assets) and net assets are 25.563 billion yuan.
The net cash flow from operating activities was 7.565 billion yuan. Deducting non-net profits and operating net cash flow increased by 80.51% and 61.51% respectively.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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