Jinwu Financial News | COSCO SHIP ENGY (01138) announced its annual performance for the year ending December 31, 2024. During the period, the profit attributable to equity holders of the company was 4.038 billion yuan (RMB, same below), an increase of 19.5% year-on-year; basic earnings per share were 84.64 cents, compared to 70.83 cents in the same period last year. A final dividend of 0.21 yuan per share is proposed.

During the period, the group's turnover was 23.133 billion yuan, a year-on-year increase of 2.57%.

In 2024, the group's foreign trade tanker fleet achieved transportation revenue of 14.508 billion yuan, a year-on-year increase of 4.2%; the transportation gross margin was 3.586 billion yuan, a decrease of 13.5% year-on-year; the gross margin was 24.7%, a decrease of 5.1 percentage points year-on-year.

In 2024, the group's domestic trade tanker fleet achieved transportation revenue of 5.877 billion yuan, a year-on-year decrease of 4.7%; the transportation gross margin was 1.478 billion yuan, a decrease of 0.7% year-on-year; the gross margin was 25.1%, an increase of 1.0 percentage points year-on-year.

In 2024, the group's LPG fleet achieved transportation revenue of 0.206 billion yuan, a year-on-year decrease of 18.7%; the transportation gross margin was 0.052 billion yuan, a decrease of 8.7% year-on-year; the gross margin was 25.2%, an increase of 2.7 percentage points year-on-year.

In 2024, the group's chemicals fleet achieved transportation revenue of 0.314 billion yuan, a year-on-year decrease of 19.1%; the transportation gross margin was 0.053 billion yuan, an increase of 48.3% year-on-year; the gross margin was 16.8%, an increase of 7.6 percentage points year-on-year.