Cosco Offshore Control announced on the evening of October 9, preliminary estimates: the company's profit before interest and tax (EBIT) in the first three quarters of 2023 was about 33.2 billion yuan, which was reduced by about 76.88% compared with the same period last year. The company's net profit in the first three quarters was about 25.990 billion yuan, a decrease of about 77.48% compared with the same period last year.

    Among them, the company's net profit attributable to shareholders of listed companies in the first three quarters was about 22.059 billion yuan, a decrease of about 77.35% compared with the same period last year. In the first three quarters of 2023, the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was about 21.973 billion yuan, a decrease of about 77.32% compared with the same period last year.

    Cosco Sea Control explained that since 2023, the container shipping industry has faced many challenges such as weakening transport demand and rising transport capacity supply, and the market freight rate level has decreased significantly compared with last year. In the first three quarters of 2023, the average value of China's export container freight Composite Index (CCFI) fell by 69.54% year-on-year. In the case of a high performance base in the same period of the previous year, the company's container shipping business revenue declined during the reporting period, resulting in a decrease in the current period's performance compared with the same period of the previous year.

    China Shipping said that during the reporting period, in the face of market changes, the company insisted on customer-centric, uphold the concept of green, low-carbon and sustainable development, and focused on the positioning of "global digital supply chain operation and investment platform with container shipping as the core", through improving the global resource network layout, strengthening scientific and technological innovation and digital intelligence, deepening lean management and cost control. We strive to provide global customers with supply chain solutions of "container shipping + port + related logistics services" and build an efficient, smooth and safe circulation system for world trade.