According to the Zhitong Finance App, Pearl River Shipping (00560) announced its results for the year ending December 31, 2021. The group achieved a turnover of HK$2,268 million, an increase of 22.32% over the previous year; corporate equity holders should account for a profit of HK$44.074 million, a decrease of 11.54% over the previous year; and a profit of HK$3.93 cents per share.
In 2021, the ongoing COVID-19 pandemic had a major adverse impact on the Group's overall performance. In response to the government's requirements for epidemic control, with the exception of the passenger route from Shekou to Hong Kong International Airport, which maintains two to three one-way flights per day, other cross-border waterway passenger routes remain suspended, so the Group's cross-border passenger transport and related ancillary business are still under tremendous operating pressure. Benefiting from the growth of the Group's integrated logistics and local ferry business in Hong Kong, the impact of a sharp decline in cross-border passenger transport and related ancillary business was mitigated, and the Group had a relatively stable profit.