On January 14th, Gelonghui reported that Huayuan Securities pointed out that, given the ongoing detours in the Red Sea, COSCO Shipping Holdings (601919.SH) as the leader in container shipping can still maintain considerable profitability during the cyclical downturn period. The instability of the geopolitical situation may provide additional flexibility, giving it a 'Shareholding' rating. Currently, the company's container shipping business is globally leading, with its capacity share consistently ranking in the world's top tier, and its profitability surpasses that of overseas leader Maersk. From 2022 to the first half of 2024, the company will continue to distribute 50% of dividends, with cumulative dividends approaching 90 billion yuan. The company's cash flow from operating activities (CFO) has also risen in tandem, laying a solid foundation for sustainable cash dividend returns to investors, as well as digital intelligence and green low-carbon transformation, thereby enhancing its core competitiveness.