Cosco Shipping Holdings Co.,Ltd.’s Net Profit Dropped 77.5% in First Three Quarters of 2023

Cosco Shipping Holdings Co.,Ltd. (中远海运控股股份有限公司) (601919.SH) reported a net profit of 26 billion yuan in the first three quarters of 2023, down 77.5% year-on-year.

Meanwhile, the company posted 134.6 billion yuan in revenue, down 57.5% year-on-year.

At the end of the reporting period, it had 480.1 billion yuan in total assets and 228.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.6%.