On February 24, Chinese bulk carrier owner Fujian Guohang Ocean Shipping (Group) Co., Ltd. (hereinafter referred to as “Guohang Ocean Shipping”) released the “2024 Annual Performance Express Report Announcement.”
The announcement disclosed that for the full year of 2024, Guohang Ocean Shipping is expected to achieve operating revenue of RMB 935 million, a year-on-year increase of 5.00%; net profit attributable to shareholders of the listed company is RMB 22.9093 million, a significant year-on-year increase of 822.36%; total assets of the company are RMB 3.914 billion, a year-on-year increase of 73.28%; and net assets per share attributable to shareholders of the listed company are RMB 2.47, a year-on-year increase of 1.70%.
Guohang Ocean Shipping stated that the significant year-on-year growth in expected performance for 2024 is primarily due to the substantial increase in the average Baltic Dry Index (BDI) compared to the previous year.
The company has deployed a large number of its self-operated vessels to more profitable international trade routes. Additionally, five newly built vessels have gradually entered operation, offering better energy efficiency and operational performance compared to older vessels, which has improved the company’s operating results to some extent. Furthermore, the company has achieved notable success in cost control, and its equity investments have contributed additional profit growth points.