Cosco Ship Engy released its third quarter report for 2024 on October 30, 2024, showing a 10.76% year-on-year increase in revenue compared to the same period last year, but a 10.93% decrease in net income attributable to shareholders of the listed company. During the reporting period, the net cash flow from operating activities of the company decreased by 11.83%, with both basic earnings per share and diluted earnings per share declining by over 10%. The report is unaudited and is guaranteed by the company's board of directors, supervisory board, and senior management to be true, accurate, and complete. In the first three quarters of 2024, the international oil tanker market was in an upward cycle, with freight price fluctuations influenced by geopolitical events and seasonal...Show More

Cosco Ship Engy released its third quarter report for 2024 on October 30, 2024, showing a 10.76% year-on-year increase in revenue compared to the same period last year, but a 10.93% decrease in net income attributable to shareholders of the listed company. During the reporting period, the net cash flow from operating activities of the company decreased by 11.83%, with both basic earnings per share and diluted earnings per share declining by over 10%. The report is unaudited and is guaranteed by the company's board of directors, supervisory board, and senior management to be true, accurate, and complete. In the first three quarters of 2024, the international oil tanker market was in an upward cycle, with freight price fluctuations influenced by geopolitical events and seasonal demand. The oil tanker capacity of the group increased by 7.8% year-on-year, but the transport volume decreased by 2.2%. The LNG transport business contributed to a 10.5% year-on-year increase in net income attributable to equity holders. As of the end of the reporting period, the company's total assets and owner's equity attributable to shareholders of the listed company increased by 4.31% and 4.61% respectively compared to the end of the previous year.