On the evening of March 30th, COSCO Aerospace released the 20021annual report. According to the report data, the company achieved revenue of 333.694 billion yuan, a year-on-year increase of 94.85%; The net profit of returning to the mother was 89.296 billion yuan, a year-on-year increase of 799.52%; The basic earnings per share was 5.59 yuan/share, up 8,065,438+0.665,438+0% year-on-year.
This is the best operating performance in the history of COSCO Sea Control. Crucially, some insiders assert that the shipping industry will usher in the last cycle.
Has established an international leading position.
Cosco Air Sea is the flagship enterprise and capital platform listed by China Ocean Shipping Group Co., Ltd. (hereinafter referred to as "Cosco Group") with shipping and terminal management as its main business. In 2005 and 2007, the company was listed on the main board of Hong Kong Stock Exchange and Shanghai Stock Exchange.
In 20 15, China cosco announced the reorganization plan, and acquired 33 business outlets for165438+400 million yuan to lease container ships and containers operating CSCL. Sell dry bulk shipping assets to COSCO Group for 6.77 billion yuan, and become a listing platform focusing on container shipping services.
The following year, China Ocean was renamed COSCO Air Sea. In that reorganization, the core action of COSCO Sea Control was to divest the dry bulk transportation business and integrate container transportation. By the end of 20 16, cosco air&sea has become the fourth largest container shipping company in the world, with its own capacity of 3 12 and 16888 TEU, up by 85.9% year-on-year.
The characteristics of container transportation business make it much less responsive to economic fluctuations. On the one hand, the buyers of container transportation business are extremely scattered, mostly shippers from all over the world, while the sellers are container liner companies that control most of the transportation capacity, and the industry discourse power is concentrated on the sellers; On the other hand, the entry threshold of container transportation is very high, and it is necessary to lay out routes and sign berthing contracts with ports. The advantages of head enterprises are almost irreplaceable.
However, it is worth noting that economic fluctuations have not completely affected the container transportation business. The most typical performance is that Maersk's share price still shows obvious cyclical changes. Therefore, in the years after 20 16, the profit performance of COSCO Sea Control is not too bright. However, in recent years, some major changes have taken place in the freight forwarding industry. The most prominent point is that there have been many large-scale mergers and acquisitions in the industry, the concentration has been significantly improved, and the self-discipline of freight forwarding alliances has been enhanced.
Cosco Shipping, as a leading enterprise in container transportation industry, is also facing a series of problems such as business change, strategic adjustment and high debt ratio. Fortunately, however, the strategic development of COSCO Marine Control has been on the right track in recent years. Through the acquisition of OOCL, the internationalization and branding capabilities have been strengthened, the new Silk Road to Europe has been established through the combination of point, line and surface, the European route network has been reconstructed through the acquisition of Belgian and Spanish ports and railway companies, and the international leading position has been gradually consolidated and established. At present, the combination of COSCO maritime ports and terminals covers five major coastal ports in China, as well as major overseas hub ports in Europe, South America, the Middle East, Southeast Asia and the Mediterranean. Up to 202 1, 65438+2, 3 1, cosco marine port has invested in 46 terminals and operated 367 berths in 37 ports around the world, including 220 container berths, with a total target annual throughput of 65438+4 1 10,000 TEUs.
Multi-integration of technology and ecology
Cosco Air Sea is committed to building an integrated operation mode of land and sea, fully ensuring the stability and smoothness of the global industrial chain and supply chain, and providing customers with more reliable and guaranteed "end-to-end" services. According to the annual report, COSCO's air and sea dual brands have continuously strengthened the development of goods in the hinterland of Europe, and the container volume of China-Europe land and sea express line has increased by 23% year-on-year; Twenty-nine new sea-rail domestic and foreign trade channels were added, and the trackless sea-rail combined transport between Hunan and Guangdong and the new land-sea channel in western Greater Bay Area were successfully put into operation.
At the same time, COSCO Marine Control and other members of the Ocean Alliance have successfully released DAY5 route products with wider coverage, better quality, faster delivery and more stable service, involving 39 routes of the Alliance and 465,438+10,000 TEU capacity. At the same time, the company continuously improves the operational efficiency of the dual-brand fleet. In 20021year, the average weekly capacity of trans-Pacific routes increased by about 26% year-on-year, and that of Asia-Europe routes increased by about 6% year-on-year.
Cosco Aerospace also takes advantage of technological upgrading to lead the diversification and integration of digital ecology. According to the latest annual report data, the core products of the global shipping business network have been put into production and applied in1/ports at home and abroad, and "paperless delivery" has been realized in China, Hongkong, Singapore, Thailand and other countries and regions, which greatly simplifies the data exchange mode, ensures the customer service experience and steadily enhances the industry influence.
Cosco Aerospace also has a self-built cloud data center computer room, which currently mainly serves the Group and its affiliated units and will also bring certain profit contributions to the company.
Invest in the construction of major ports to enhance core strength.
Based on the main business and customer demand, COSCO Sea Control develops with channel and regional management mode. Mainly by giving full play to the advantages of rich container liner route network and port network at home and abroad, we will strengthen the linkage between port and shipping and the connection between sea and rail, and provide high-quality end-to-end logistics solutions for global customers. Cosco Air Sea has signed long-term cooperation agreements with a series of customers to provide more comprehensive logistics services.
Cosco Aerospace also launched the "Midea Full-process Customization Service Project", focusing on solving the problems encountered by customers, such as insufficient integration of supply chain management, low efficiency of logistics operation, and the need to improve the digital level. At present, the multi-dimensional collaboration of team, scheme, process and information has been realized, and the digital operation ecology of supply chain has taken shape.
At the same time, COSCO Aerospace aims to achieve 30%-35% of its overall business in the next three years. At present, the proportion of end-to-end business has reached 15%-20%.
COSCO Shipping Port has continuously invested in the construction of supporting logistics projects in major ports. Domestic support for logistics park behind Nantong Port, investment in Wuhan Port hot metal combined transport project. Abroad, we have invested and built CFS Station (container freight station) in Abu Dhabi Port and Zeebrugge Port to strengthen the logistics and storage capacity around the ports.
COSCO Shipping continues to invest in major ports around the world. After obtaining the right to operate, it will not only provide simple services such as ship connection, cargo loading and unloading, but also extend its business to port warehousing and logistics transportation, build a logistics network with supply chain platform as the link, expand service categories, and further attract and retain shipping customers. In the past five years, there have been more than 10 investment projects in ports and terminals, and the proportion of investment terminals has been continuously improved. At present, the total throughput of COSCO maritime ports ranks first in the world, and the throughput of rights and interests ranks second in the world.
This article comes from Lan Fu Finance Network.