On March 27, 2022, China Merchants Energy Shipping disclosed the company's 2021 annual performance. CMES achieved a net profit of 3.609 billion yuan attributable to shareholders of listed companies throughout the year, a new record high.
From the first quarter to the fourth quarter, the company realized net profits of 578 million, 825 million, 924 million and 1282 million respectively, with an obvious upward trend.
Although the loss of the oil tanker sector of the world's largest VLCC fleet reached 514 million yuan, its performance was better than that of oil tanker companies with similar scale.
Benefiting from the completion of asset integration, the significant rise of BDI index and the timely adjustment of business strategy, the operation scale of the company's dry bulk cargo fleet has stepped into the first echelon in the world, the operating profit has increased quarter by quarter, and the annual net profit is 2.458 billion yuan. Among them, the profit contribution in the fourth quarter exceeded 1 billion yuan, a record high in a single quarter.
The net profit of container business exceeded double digits for the first time, reaching 1.390 billion yuan, also a record high. During the transition period of acquisition (September to December 2021), the company achieved a profit of 737 million yuan, making outstanding contributions to the annual profit growth of the company.
The company's low-carbon related businesses continued to grow rapidly and its operating capacity improved steadily. The profit contributed by wind power installation business was 62.69 million yuan, a year-on-year increase of 94.22%.
In 2021, the company seized the market opportunity and optimized the fleet structure, which not only achieved good asset returns, but also made preparations in advance to meet the increasing requirements of green environmental protection and EEXI in 2023.
Source: Xinde Marine News Sarah Yu
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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