CHINA MERCHANTS ENERGY SHIPPING(601872):1Q24 RESULTS IN LINE;ANNOUNCING INTERIM DIVIDEND PAYMENT
CHINA MERCHANTS ENERGY SHIPPING(601872):1Q24 RESULTS IN LINE;ANNOUNCING INTERIM DIVIDEND PAYMENT
1Q24 results in line with our expectations China Merchants Energy Shipping (CM Energy Shipping) announced its 1Q24 results: Revenue rose 6.3% YoY to Rmb6.25bn (-8.8% QoQ); net profit attributable to shareholders increased by 22.6% YoY to Rmb1.38bn or Rmb0.17/share (+27.5% QoQ), in line with our expectations.
24年第一季度的業績符合我們的預期，招商局能源海運（CM Energy Shipping）公佈了其24年第一季度業績：收入同比增長6.3％，至人民幣62.5億元（環比下降8.8％）；股東應占淨利潤同比增長22.6％，至13.8億元人民幣或每股0.17元人民幣（環比增長27.5％），符合我們的預期。
Earnings of oil tanker and dry bulk shipping businesses increased YoY and QoQ in 1Q24; ro-ro and LNG shipping businesses maintained growth.
油輪和幹散貨運輸業務的收益在24年第一季度同比和環比均有所增長；滾裝和液化天然氣運輸業務保持增長。
Oil tankers: In 1Q24, earnings rose 13.9% YoY and 18.3% QoQ to Rmb870mn, thanks to higher freight rates. The average freight rate of the TD3C shipping route, a main route for the company, increased by 21.5% YoY and 43.9% QoQ over December 2023-February 2024. In addition, the firm's daily average TCE reached nearly US$50,000/day, exceeding the average level of the TD3C shipping route.
油輪：由於運費上漲，在24年第一季度，收益同比增長13.9％，環比增長18.3％，至人民幣8.7億元。與2023年12月至2024年2月相比，該公司的主要航線TD3C航運路線的平均運費同比增長21.5％，環比增長43.9％。此外，該公司的每日平均總消費支出達到近5萬美元/天，超過了TD3C航線的平均水平。
Dry bulk shipping: In 1Q24, earnings jumped 275.8% YoY and 7.3% QoQ to Rmb357mn, thanks to higher freight rates for dry bulk. In 1Q24, the average BDI freight rate increased by 84.7% YoY. In addition, the TCE freight rates for all types of vessels at the company, with the exception of aging Panamax vessels, outperformed the market indexes.
幹散貨運輸：在24年第一季度，收益同比增長275.8％，環比增長7.3％，至人民幣3.57億元，這要歸因於幹散貨運費的上漲。在24年第一季度，BDI的平均運費同比增長了84.7％。此外，除老化的巴拿馬型船舶外，該公司所有類型船舶的TCE運費都超過了市場指數。
Container shipping: In 1Q24, net profit fell 50.9% YoY and 55.9% QoQ to Rmb104mn, due to lower freight rates of shipping routes in Northeast Asia. The Shanghai Export Containerized Freight Index (SCFI) for Japan routes was down 9% YoY and down 4% QoQ.
集裝箱運輸：由於東北亞航線的運費降低，在24年第一季度，淨利潤同比下降50.9％，環比下降55.9％，至人民幣1.04億元。日本航線的上海出口集裝箱貨運指數（SCFI）同比下降9％，環比下降4％。
Ro-ro shipping: In 1Q24, earnings increased by 116.2% YoY and 62.5% QoQ to Rmb80mn, thanks to sustained increases in auto exports and high freight rates.
滾裝運輸：在24年第一季度，收益同比增長116.2％，環比增長62.5％，達到8000萬元人民幣，這要歸功於汽車出口的持續增長和高運費。
LNG shipping: In 1Q24, net profit came in at Rmb156mn. The firm signed the Qatar Energy LNG Phase II project. It continued to gain new orders and build new vessels.
液化天然氣運輸：24年第一季度，淨利潤爲人民幣1.56億元。該公司簽署了卡塔爾能源液化天然氣二期項目。它繼續獲得新訂單並建造新船隻。
譯文內容由第三人軟體翻譯。