東 方 海 外（國 際）有 限公 司 （於百慕達註冊成立之成員有限責任公司） 股份代號：0316.HK 2024年報 公司簡介 關於東方海外（國際）有限公司 東方海外（國際）有限公司（「東方海外國際」）以貨櫃運 輸及物流為主營業務。東方海外國際在香港交易所上市， 集團於全球約於90個國家╱地區設有超過430個辦事處。 東方海外國際旗下全資附屬公司「東方海外貨櫃航運有限 公司」及OOCL (Europe) Limited分別以「Orient Overseas Container Line」及「OOCL」之商標各自經營運輸業務。 「OOCL」乃環球最具規模之綜合國際運輸及物流公司之 一，亦為業界應用資訊科技、數字化及電子商貿處理整個 貨物運輸過程之先鋒。旗下船隊擁有全世界最新、最大 型、最低油耗及最環保之船舶，載貨穿梭環球數以百計航 線，為全球貿易提供重要聯繫。 00C250130243Inside front Corporate Profile(已final).indd 2 3/4/2025 下午5:39 目錄 | 1 | 目錄 | | --- | --- | | 2 | 財務摘要 | | 3 | 2024年重 ...

智通财经4月8日电，东方海外国际(00316.HK)在港交所发布公告称，截至2025年3月31日止第1季度之总 收入较去年同期增加16.8%，报23.14亿美元。总载货量上升9.3%，运载力上升8.5%。整体运载率较2024 年同期上升0.6%，每个标准箱的整体平均收入较去年第1季度增加6.9%。 东方海外国际：一季度总收入23.14亿美元 同比增16.8% ...

Financial Performance - Revenue for the year ended December 31, 2024, increased to $10,701.943 million, up 28.3% from $8,343.857 million in 2023[3] - Operating profit rose to $2,624.844 million, a significant increase of 86.6% compared to $1,405.676 million in the previous year[3] - Net profit for the year reached $2,579.090 million, representing a 88.5% increase from $1,369.109 million in 2023[3] - Basic and diluted earnings per share increased to $3.90, up from $2.07 in 2023[3] - Total comprehensive income for the year ending December 31, 2024, was $2,575.565 million, compared to $1,351.485 million for the previous year[9] - The company reported a net profit of $2,579,090,000 for 2024, compared to $1,369,109,000 in 2023, which is an increase of approximately 88.5%[22] - The group recorded a profit attributable to shareholders of $2.577 billion for 2024, compared to $1.368 billion in 2023, representing an increase of approximately 88.5%[48] Assets and Liabilities - Total assets as of December 31, 2024, amounted to $17,768.383 million, an increase of 13.8% from $15,609.185 million in 2023[6] - The total liabilities for the group as of December 31, 2024, were $4,518,886,000, compared to $4,398,822,000 in 2023, showing a slight increase of approximately 2.7%[26] - The company’s total liabilities and equity as of December 31, 2024, were $13,249.497 million, reflecting its financial position[9] - Non-current assets increased to $1,911,671,000 in 2024 from $1,156,096,000 in 2023, representing a growth of about 65.3%[30] Cash Flow and Dividends - Cash generated from operating activities surged to $3,289.661 million, compared to $714.711 million in 2023[7] - The company reported a net cash increase of $4,526.740 million for the year, contrasting with a decrease of $8,318.437 million in 2023[7] - The company declared a total of $416.035 million in interim dividends for the year 2024, alongside other special dividends[9] - The total proposed dividends for 2024 amount to $1,287,728 thousand, compared to $687,449 thousand in 2023, showing a substantial increase in shareholder returns[36] - The proposed final dividend per share for 2024 is $1.32, up from $0.145 in 2023, indicating a significant increase[37] Operational Highlights - Container transportation and logistics segment generated $10,678.645 million in revenue, up from $8,319.049 million in the previous year, reflecting a significant growth[21] - For the fiscal year ending December 31, 2024, customer contract revenue reached $10,514,679,000, an increase from $8,220,487,000 in the previous year, representing a growth of approximately 28%[22] - Total operating income for 2024 was $11,099,164,000, compared to $8,843,819,000 in 2023, indicating a year-over-year increase of about 25.5%[22] - The company’s revenue from other segments was $23.298 million in 2024, slightly down from $24.808 million in 2023[21] Shareholder Equity - Total equity increased to $13,249.497 million, up from $11,210.363 million in 2023, reflecting a growth of 18.2%[6] - Shareholders' equity as of December 31, 2024, was $13,249.497 million, a decrease from $13,438.898 million at the beginning of 2023[9] Corporate Governance and Compliance - The company has adopted a customized corporate governance code, ensuring compliance with local and international best practices[66] - The company has confirmed compliance with the corporate governance code and the standard code for directors' securities transactions for the year ending December 31, 2024[68] - The annual general meeting is scheduled for May 15, 2025, with a record date of May 15, 2025, for shareholders to attend and vote[70] Future Outlook and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[3] - The geopolitical situation and trade patterns are expected to increase supply chain management challenges, adding uncertainty to demand[55] - The company anticipates that the shipping industry will face more severe challenges in the future due to evolving geopolitical situations and trade patterns[55] - The group aims to strengthen digital supply chain capabilities and enhance value-added services to maintain market competitiveness[53] Employee and Operational Capacity - The group employed a total of 11,223 full-time employees globally as of December 31, 2024, with competitive compensation and benefits[61] - The group received six new container ships with a capacity of 24,188 TEUs and one ship with a capacity of 16,828 TEUs in 2024, enhancing fleet capacity[52] - The company signed leases for six new container ships with a capacity of 13,000 TEUs, set to be operational starting in 2026, enhancing operational flexibility[52] Miscellaneous - The company did not purchase, sell, or redeem any of its shares during the year ending December 31, 2024[62] - The company will publish its annual report around April 17, 2025, which will be available on the stock exchange and the company’s website[71] - Forward-looking statements included in the announcement are based on current plans and estimates, with potential risks and uncertainties highlighted[74]

Financial Performance - The company reported a net profit attributable to shareholders of $833 million for the first half of 2024, down from $1.129 billion in the same period of 2023[4]. - EBITDA for the first half of 2024 was $1.277 billion, compared to $1.569 billion in 2023, with an EBITDA margin of 27.5%, down from 34.6% in the previous year[4]. - The earnings per share for ordinary shares was $1.26, compared to $1.71 in the first half of 2023[4]. - Revenue for the six months ended June 30, 2024, was $4,645,576 thousand, an increase of 2.3% compared to $4,540,681 thousand in 2023[49]. - Operating profit decreased to $834,915 thousand, down 26.4% from $1,134,299 thousand in the previous year[49]. - Net profit for the period was $834,055 thousand, a decline of 26.2% compared to $1,129,397 thousand in 2023[49]. - Total comprehensive income for the period was $832,639 thousand, compared to $1,110,293 thousand in 2023, reflecting a decrease of 25.1%[52]. - The company reported a total comprehensive income of $832.088 million for the six months ended June 30, 2024, compared to $1,109.569 million for the same period in 2023, indicating a decrease of about 25%[57]. Dividends - The company declared an interim dividend of $0.63 per ordinary share, down from $0.69 per ordinary share and a special dividend of $0.17 per ordinary share in 2023[4]. - The company announced an interim dividend of $0.63 per share, equivalent to 4.914 HKD, for the six months ending June 30, 2024[26]. - The total dividends paid to shareholders during the first half of 2024 were $119.528 million, a significant decrease from $3,011.302 million in the same period of 2023[55]. Shipping and Logistics - The company experienced a significant increase in shipping rates due to strong demand and tight capacity, affecting various shipping routes[5]. - In the first half of 2024, the total cargo volume for OOCL increased by 2%, with total revenue rising by 2% year-on-year[11]. - The Pacific route saw a 5% increase in total cargo volume and a 28% increase in revenue compared to the same period last year, with revenue per TEU rising by 22%[12]. - The Asia-Europe route experienced a 13% decrease in total cargo volume, but revenue increased by 8%, leading to a 24% rise in revenue per TEU[13]. - The Atlantic route's cargo volume decreased by 3%, with revenue and revenue per TEU dropping by 44% and 42% respectively[14]. - The intra-Asia/Australasia route's cargo volume increased by 9%, but overall revenue and revenue per TEU decreased by 8% and 15% respectively[15]. - OOCL's logistics segment saw steady revenue growth due to increased demand for international logistics services and market expansion[17]. Sustainability and ESG - The company is committed to sustainable development and has been recognized for its efforts in ESG, including winning the "Best Green Shipping Company" award[6]. - Orient Overseas International has been recognized for its continuous efforts in environmental protection, achieving the highest level of the Green Flag program and reducing emissions through slow steaming initiatives[25]. - The company participates in initiatives like the "Protect Blue Whales and Blue Skies Program" to reduce air pollution and protect marine wildlife[25]. - The group is committed to environmental, social, and governance (ESG) principles, supporting the United Nations Sustainable Development Goals and participating in initiatives to eliminate corruption in the shipping industry[23]. - The group publishes an annual sustainability report, verified by an independent certification body, to ensure compliance with international sustainability guidelines[24]. - Orient Overseas International has been included in the Dow Jones Sustainability Index, reflecting its commitment to ESG and sustainable development[25]. Financial Position - As of June 30, 2024, the group reported total cash and bank balances of $6.7 billion, with total debt amounting to $1.3 billion, resulting in a net cash position of $5.4 billion[20]. - Total assets increased to $16,157.889 million as of June 30, 2024, compared to $15,609.185 million as of December 31, 2023, reflecting a growth of approximately 3.5%[53]. - Total equity rose to $11,923.488 million as of June 30, 2024, compared to $11,210.363 million at the end of 2023, marking an increase of approximately 6.4%[54]. - The company's inventory decreased slightly to $195.052 million as of June 30, 2024, from $197.186 million at the end of 2023, a decline of about 1.1%[53]. - The company’s total liabilities decreased to $4,234.401 million as of June 30, 2024, from $4,398.822 million at the end of 2023, reflecting a decrease of approximately 3.7%[54]. - Non-current liabilities decreased to $1,895.938 million as of June 30, 2024, from $2,026.833 million at the end of 2023, a reduction of about 6.4%[54]. Operational Developments - The company received five new vessels with a capacity of 24,188 TEUs in the first half of 2024, with the last of a series of ten vessels expected to be delivered in Q3 2024[18]. - The group employs 11,444 full-time employees globally, with competitive compensation and benefits, including medical insurance and retirement plans[22]. - The group has implemented cybersecurity training and monitoring systems to enhance employee awareness and protect its assets from cyber threats[23]. - The group continues to focus on digitalization and visibility in logistics to enhance supply chain resilience and meet customer needs[17]. Market Conditions and Risks - Future market uncertainties will be influenced by demand trends, economic conditions, and geopolitical risks, particularly in relation to the Red Sea situation[6]. - The group has a robust foreign exchange risk management strategy due to its global operations, involving multiple currencies against the US dollar[21]. - The group is currently evaluating the impact of new accounting standards that will become effective in the future on its accounting policies and consolidated financial statements[61]. Shareholder Information - As of June 30, 2024, the company has a total issued share capital of 660,373,297 ordinary shares[28]. - Major shareholder Faulkner Global Holdings Limited holds 71.07% of the company's shares, totaling 469,344,972 shares[32]. - As of June 30, 2024, there are no reported interests or short positions held by directors or senior management in the company's shares[28].

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of $4,645.576 million, an increase from $4,540.681 million in the same period of 2023, representing a growth of approximately 2.3%[3] - The gross profit for the period was $914.254 million, compared to $902.802 million in 2023, indicating a slight increase of about 1.6%[3] - The operating profit decreased significantly to $834.915 million from $1,134.299 million, reflecting a decline of approximately 26.4% year-over-year[3] - The net profit for the period was $834.055 million, down from $1,129.397 million in the previous year, marking a decrease of around 26.2%[4] - Basic and diluted earnings per share were $1.26, compared to $1.71 in the same period last year, a decline of approximately 26.3%[3] - The company reported a total comprehensive income of $832,639 for the six months ended June 30, 2024, compared to a loss of $1,110,293 in the same period of 2023[7] - The group’s net profit for the first half of 2024 was $857,634 thousand, a decrease from $1,130,768 thousand in the same period of 2023, representing a decline of 24.1%[23][24] - The group recorded a shareholder profit of $833.3 million for the first half of 2024, down from $1.129 billion in the same period of 2023, representing a decrease of approximately 26.3%[54] Assets and Liabilities - Total assets as of June 30, 2024, were $16,157.889 million, an increase from $15,609.185 million at the end of 2023, representing a growth of about 3.5%[5] - The company's total equity increased to $11,923.488 million from $11,210.363 million, reflecting an increase of approximately 6.4%[5] - Non-current assets rose to $8,420.987 million from $7,918.845 million, indicating an increase of about 6.3%[5] - The company reported a total liability of $4,234.401 million, a decrease from $4,398.822 million, representing a reduction of approximately 3.7%[5] - The total assets of the company as of June 30, 2024, amounted to $8,220.072 million, compared to $7,533.629 million as of June 30, 2023, representing an increase of approximately 9.2%[36] - The company’s total liabilities decreased to $3,366.439 million as of June 30, 2024, from $3,471.328 million at the end of 2023, showing a reduction of about 3.0%[41] - As of June 30, 2024, the total lease liabilities amount to $1,307.396 million, a decrease from $1,438.238 million as of December 31, 2023, reflecting a reduction of approximately 9.1%[42] Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2024, was $1,001,597, compared to $609,152 for the same period in 2023, representing a 64.3% increase[6] - Net cash generated from operating activities was $958,727 for the first half of 2024, up from $548,319 in 2023, indicating a 74.5% growth[6] - Cash and cash equivalents at the end of the period were $2,648,979, a decrease from $3,726,456 in the previous year, reflecting a 29% decline[6] - Cash used in financing activities was $(480,925) for the first half of 2024, significantly improved from $(3,465,017) in 2023[6] - The company received interest income of $193,300 in the first half of 2024, down from $286,308 in the same period of 2023, a decrease of 32.5%[6] - The company paid dividends of $(119,528) to shareholders during the first half of 2024, compared to $(3,011,302) in the same period of 2023, indicating a significant reduction in dividend payouts[6] Operational Highlights - The company is focusing on expanding its market presence and enhancing its operational efficiency through strategic initiatives and potential acquisitions[2] - The company completed the construction and delivery of five vessels in 2024, compared to two vessels in 2023, indicating an expansion in operational capacity[36] - The company’s vessels are currently sailing at full capacity on major long-haul routes, with expectations to maintain this status in the coming weeks[58] - The company plans to continue developing its fleet and exploring new business growth points using advanced smart and environmentally friendly technologies[58] Market and Economic Conditions - The company anticipates that high inflation and interest rates will adversely affect U.S. economic growth and demand/imports in the near term[42] - The group faced supply chain challenges due to geopolitical tensions and adverse weather conditions, impacting operational capacity and leading to increased shipping rates[54] - The company is maintaining a cautious approach due to market uncertainties, including geopolitical risks and supply chain vulnerabilities highlighted by recent events[58] Governance and Compliance - The company has adhered to corporate governance principles and has conducted regular reviews to ensure transparency and accountability[62] - The company has adopted a set of self-regulatory guidelines for directors' securities trading, ensuring compliance with the standards set forth in the Listing Rules[64] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[67] - The company has confirmed that all directors have complied with the established guidelines from January 1, 2024, to June 30, 2024[64] Employee and Social Responsibility - As of June 30, 2024, the company employed 11,444 full-time employees globally, maintaining competitive salary and benefits levels[66] - The company emphasizes ongoing employee training and social activities to encourage continuous learning and engagement among staff[66] - The company is committed to regularly reviewing employee compensation and distributing bonuses based on performance[66]

Financial Performance - Revenue decreased by 58% to $8.344 billion in 2023 compared to $19.820 billion in 2022[4] - Operating profit dropped by 86% to $1.406 billion in 2023 from $10.079 billion in 2022[4] - Cash and bank balances declined by 40% to $6.722 billion in 2023 from $11.214 billion in 2022[4] - Total assets decreased by 22% to $15.609 billion in 2023 from $20.035 billion in 2022[4] - Net cash generated from operating activities fell by 95% to $617 million in 2023 from $11.253 billion in 2022[4] - OOIL recorded a profit attributable to shareholders of $1.368 billion in 2023, compared to $9.965 billion in 2022[33] - OOIL's total container shipping volume increased by 2.9% in 2023, while total revenue decreased by 59.6% compared to 2022[40] - OOCL's total container volume increased by 2.9% year-over-year in 2023, while total revenue decreased by 59.6%[42] - Pacific route container volume grew by 6.6% in 2023, but revenue dropped by 63.2%[42] - Asia/Europe route container volume increased by 1.1%, while revenue declined by 67.5%[43] - Atlantic route container volume rose by 7.2%, with revenue decreasing by 41.0%[43] - Intra-Asia/Australasia route container volume grew by 1.2%, but revenue fell by 52.7%[43] - Revenue from container transportation and logistics decreased by $11.477 billion (58%) in 2023 compared to 2022[75] - Operating profit from container transportation and logistics decreased by $8.673 billion (86%) in 2023 compared to 2022[75] - The company's total operating income decreased by $11.476 billion (58%) in 2023 compared to 2022[75] - The company's net profit for the year decreased by $8.597 billion (86%) in 2023 compared to 2022[75] - Financial expenses decreased by $32.642 million (53%) in 2023 compared to 2022[75] - Tax expenses decreased by $50.053 million (81%) in 2023 compared to 2022[75] - Container shipping and logistics business accounted for over 99% of the company's total revenue in 2023, with a cargo volume of 7,338,117 TEUs, an increase of 3% year-over-year[77] - Average revenue per TEU in the container shipping and logistics business decreased by 61% to $1,027 in 2023 compared to $2,619 in 2022[77] - Operating income in the Asia/Australia/Africa region decreased by 61% to $6,241,596 thousand in 2023, with a 3% increase in cargo volume[77][79] - Operating income in the North and South America region decreased by 25% to $678,518 thousand in 2023, despite an 11% increase in cargo volume on certain routes[77][80] - Operating income in the Europe region decreased by 49% to $1,398,935 thousand in 2023, with a 1% decrease in cargo volume on the North Europe/Asia eastbound route[77][81] - Operating costs for the container shipping business decreased by 24% to $7,173,150 thousand in 2023, driven by reductions in cargo handling, logistics, and fuel costs[77][83] - Administrative and operating expenses decreased by 58% to $274,690 thousand in 2023, primarily due to reduced employee expenses[77][84] - Other income increased by 67% to $546,537 thousand in 2023, mainly due to higher bank interest income[77][85] - The company's investment property "Wall Street Plaza" recorded a fair value loss of $21,403 thousand in 2023, compared to $16,964 thousand in 2022[86][90] - Rental income from "Wall Street Plaza" increased by $905 thousand to $24,808 thousand in 2023, with an occupancy rate of 77% at the end of the year[86][87] - Other items recorded a favorable change of 29%, mainly due to reduced leasehold improvements at Wall Street Plaza[91] - Financial expenses for 2023 were $28 million, a decrease of $33 million compared to the previous year[91] - Share of profits from joint ventures and associates was $3.4 million in 2023, a decrease of $6.4 million from 2022[92] - Pre-tax profit for the year was $1.381 billion, down from $10.028 billion in 2022, reflecting lower freight rates in the container shipping and logistics market[93] - EBIT decreased to $1.409 billion in 2023 from $10.089 billion in 2022, with EBIT margin dropping from 50.9% to 16.9%[94] - Capital expenditures decreased by 12% to $1.156 billion in 2023, primarily due to reduced capital expenditures on container purchases and long-term leased vessels[95] - Property, plant, and equipment increased by 19% to $5.608 billion in 2023, while right-of-use assets decreased by 26% to $1.862 billion[97] - Cash and bank balances decreased by 40% to $6.722 billion in 2023, mainly due to dividend payments and purchases of property, plant, and equipment[101] - Investment properties were valued at $250 million at the end of 2023, down from $270 million in 2022[99] - Accounts receivable and other assets decreased by $114 million to $951 million at the end of 2023, primarily due to a reduction in freight rates[103] - Accounts payable and other liabilities decreased by $1.53 billion at the end of 2023 compared to 2022, mainly due to a decline in accrued expenses[104] - Lease liabilities decreased by $642 million compared to 2022, with $1.38 billion scheduled for repayment between 2024 and 2028, representing 96% of the total outstanding debt as of December 31, 2023[104] - The company's total debt at the end of 2023 was $1.44 billion, with $954 million in fixed-rate debt and $484 million in floating-rate debt, and an average debt cost of 4.3%[105] - Net cash outflow in 2023 was $8.32 billion, compared to a net inflow of $5.56 billion in 2022, with operating cash inflow decreasing by $10.64 billion due to lower freight rates[109] - Cash and cash equivalents decreased by $8.33 billion to $1.13 billion at the end of 2023 from $9.46 billion at the end of 2022[109] - The company held $6.72 billion in bank balances and deposits at the end of 2023, with $519 million in debt due for repayment in 2024[110] - Total current assets at the end of 2023 were $7.69 billion, while total current liabilities were $2.37 billion[110] - The net cash to equity ratio decreased from 0.68 in 2022 to 0.47 in 2023 due to net cash outflow[106] - Shareholder equity decreased by $2.23 billion to $11.21 billion at the end of 2023, with a return on equity ratio dropping from 86.26% in 2022 to 11.10% in 2023[107] Fleet and Operations - The company launched the OOCL Account in January 2023, integrating multiple e-commerce platforms for more efficient cargo management[7] - OOCL Spain, the company's first 24,188 TEU container ship, was named in February 2023, marking a significant milestone in fleet capacity[9] - OOCL Piraeus, the second 24,188 TEU container ship, was named in May 2023, further enhancing the company's fleet capabilities[16] - OOCL Turkiye, a new vessel with a capacity of 24,188 TEU, was welcomed at NACKS shipyard on June 6[17] - OOCL International launched the new China-Indonesia 2 (CIS2) route to enhance the network between China, Indonesia, and the Philippines[18] - OOCL Logistics introduced the CargoEasy digital platform on August 1, offering real-time quotes, seamless booking, and cargo tracking[20] - OOCL Felixstowe, another 24,188 TEU vessel, was added to the fleet on August 8, optimizing the fleet structure[21] - OOCL launched the Turkey-Spain-Morocco (TSM) route to improve intra-Europe services, connecting Greece, Turkey, Spain, and Morocco[22] - OOCL Zeebrugge, the fifth in a series of twelve 24,188 TEU eco-friendly vessels, was welcomed on September 6[23] - OOCL introduced the "Emissions Monitor" tool to track emissions and ensure compliance with IMO CII regulations[24] - OOCL completed its first biofuel bunkering in Singapore, using a blend of UCOME and VLSFO[26] - OOCL launched two new China-Cambodia-Thailand routes (CCT1 and CCT2) to strengthen intra-Asia service coverage[28] - The company has taken delivery of 7 new container ships with a capacity of 24,188 TEUs each, enhancing fleet modernization and cost efficiency[36] - OOCL's fleet capacity reached 964,964 TEUs as of December 31, 2023, with 121 vessels in total[44] - The company received 6 new vessels with a total capacity of 24,188 TEUs in 2023, with 6 more expected in 2024[44] - OOCL's average vessel age is 12.69 years, with an average capacity of 10,094 TEUs per vessel[44] - The company received 6 new vessels with a capacity of 24,188 TEUs in 2023, with additional vessels expected to be delivered between 2024 and 2028[96] Sustainability and Environmental Initiatives - OOCL introduced the "Emissions Monitor" tool to track emissions and ensure compliance with IMO CII regulations[24] - OOCL completed its first biofuel bunkering in Singapore, using a blend of UCOME and VLSFO[26] - OOCL's CO2 emissions have decreased by over 45% since 2008 through fuel-saving measures[63] - OOCL's new emission monitoring platform provides real-time CO2 emission calculations for confirmed bookings[62] - OOCL's vessels have reduced nitrogen oxide emissions by 30% using advanced fuel injection pistons[63] - OOCL achieved a 95% compliance rate in designated slow-speed zones under the "Protecting Blue Whales and Blue Skies" program[63] - OOCL's sustainability report data received limited assurance from Lloyd's Register Quality Assurance[61] - OOCL was included in the FTSE Russell Social Responsibility Index Series for ESG excellence[61] - OOCL was re-included in the Dow Jones Sustainability Asia-Pacific Index in December 2023[61] - OOCL ranked in the top 1% of S&P Global ESG scores among Chinese companies in 2023[61] - OOCL was added to the Hang Seng Sustainability Index and Hang Seng ESG 50 Index[62] - The company has successfully reduced paper usage by creating a paperless office environment and implementing "Save, Reuse, and Recycle" activities across its global offices[64] - The company's refrigerated containers use non-CFC refrigerants and are among the most energy-efficient in the industry, with energy-saving generators further enhancing efficiency[64] - The company launched a carbon emissions calculator in collaboration with Hong Kong Polytechnic University, verified by the American Bureau of Shipping, to help customers calculate CO2 emissions across their supply chains[57] - The company's "Ship Slowdown" program reduced nitrogen oxide emissions by an estimated 550 tons annually in the ports of Long Beach and Los Angeles[59] - The company's new ships are equipped with International Maritime Organization (IMO)-approved ballast water treatment systems to minimize environmental impact[59] - The company received the "Hong Kong Green Organization Certification" and was awarded the "Environmental Excellence Award" for its environmental protection efforts[59] - The company implemented a policy to refuse shipments of shark, whale, dolphin, and related products, as well as hunting trophies, to support global efforts against endangered species trade[59] - The company's ships docking in the U.S. have been certified as "21st Century Quality Ships" by the U.S. Coast Guard, with some vessels achieving the additional E-Zero designation for exemplary environmental compliance[60] - OOCL adopts B24 biofuel, a blend of UCOME and VLSFO, to reduce carbon emissions[62] Technology and Innovation - OOCL Logistics introduced the CargoEasy digital platform on August 1, offering real-time quotes, seamless booking, and cargo tracking[20] - The company's electronic bill of lading platform IQAX processed over 100,000 electronic bills of lading by December 2023[36] - The company implemented blockchain technology through the Global Shipping Business Network (GSBN) platform, with over 50,000 bills of lading processed among 500 shippers in 2023[50] - The company utilized AI to optimize space allocation, improve service capabilities, and enhance global container repositioning, with pilot programs launched in Europe by the end of 2023[51] - A new carbon emission calculation engine was introduced, integrating Google Maps for distance measurement and AI-powered fuel utilization prediction for more accurate carbon emission estimates[51] - The supplier invoice management system was operational in 16 terminals in 2023, automating invoice reconciliation and reducing processing costs[52] - The AI-enabled OneMNR solution achieved a monthly auto-approval rate of approximately 27% for domestic container maintenance and repair cost estimates[52] - The company adopted Microsoft Office Copilot and AI-assisted large language models (LLM) to automate tasks and enhance productivity[52] - The company implemented AIOps in its IT operations, enhancing real-time data stream monitoring and analysis, and improving system stability by preventing IT service issues and expediting troubleshooting[53] - The company processed over 100,000 electronic bills of lading (eBL) in 2023 through its IQAX platform, covering both container and bulk cargo shipments[53] Corporate Governance and Leadership - Yang Zhijian, aged 59, has been the CEO of Orient Overseas Container Line (OOCL) since January 1, 2020, and has over 30 years of experience in the shipping industry, specializing in container transportation, logistics, and bulk shipping[114] - Dong Lijun, aged 59, served as the CEO and Senior Managing Director of OOCL from July 1, 2012, to August 2, 2018, and as Co-CEO from August 3, 2018, to December 31, 2019[115] - Gu Jinshan, aged 62, was appointed as a Non-Executive Director of the company on December 5, 2023, and has extensive experience in infrastructure and urban development[116] - Wang Dan, aged 54, has been a Non-Executive Director since August 3, 2018, and currently serves as the Deputy General Manager of Silk Road Fund[117] - Yip Shing Chi, aged 70, has been a Non-Executive Director since August 3, 2018, and has over 40 years of experience in the shipping industry, currently serving as the Group Managing Director of Hutchison Port Holdings[118] - Chow Yiu Wah, aged 76, has been an Independent Non-Executive Director since January 2, 2015, and previously served as an Executive Director from December 1, 2003, to June 30, 2012[119] - Mr. Ye Jianping has been appointed as the CEO of OOCL since August 2020, with extensive experience in the company spanning 29 years[125] - Mr. Ye holds a Master's degree in Business Administration from Oklahoma City University and a diploma in accounting from Shanghai Lixin University of Accounting and Finance[125] - Mr. Ye has held various positions within the company, including Director of Asia-Europe Trade Zone and Intra-Asia Trade Zone, and CEO of OOCL Logistics[125] - Mr. Ye was transferred back to Hong Kong from Shanghai in 2004 and has since taken on multiple leadership roles within the company[125] - Mr. Ye is responsible for the Executive Office, Corporate Human Resources, Marine Operations Center, Slot and Cargo Allocation Center, and Fleet Management Department[125] - The company has issued 660,373,297 ordinary shares as of December 31, 2023, with a par value of $0.10 per share[136] - Shareholders holding company shares account for 2.6465% of total shareholders, representing 99.7764% of the total ordinary shares[140] - Individual shareholders account for 97.3535% of total shareholders, holding 0.2236% of the total ordinary shares[140] - Shareholding distribution shows that 99.7623% of the company's shares are held by 2 shareholders with holdings of 1,000,001 shares or more[141] - The top 10 largest ordinary shareholders hold a combined 99.7623% of the company's shares, with HKSCC Nominees Limited holding 51.9440% and Faulkner Global Holdings Limited holding 47.8182%[142] - Faulkner Global Holdings Limited holds a total of 469,344,972 shares, representing 71.07% of the company's issued shares, with 153,565,927 shares (23.2544%) registered under HKSCC Nominees Limited[142] - The company has adopted a customized Corporate Governance Code, which includes principles from the Hong Kong Stock Exchange's Corporate Governance Code and follows local and international best practices[143] - The Board of Directors consists of 3 executive directors, 4 non-executive directors, and 5 independent non-executive directors, all with extensive corporate and strategic planning experience[144][145] - The company has established effective mechanisms to ensure the independence of the Board of Directors, with all independent non-executive directors being financially independent from the group[148] - The company has arranged Directors and Officers Liability Insurance since 1992 to cover liabilities arising from the group's corporate activities[149] - The Board of Directors sets and promotes the company's core values of being people-oriented, customer-focused, quality-driven,

Group 1 - Shipping stocks experienced a broad increase, with notable gains in companies such as Orient Overseas International (+3.48%), COSCO Shipping Holdings (+3.36%), and Pacific Shipping (+8.26%) [1][1][1] - The escalation of tensions in the Middle East, particularly involving Israeli missile strikes in Iran, has impacted market sentiment and led to increased shipping stock prices [1][1][1] Group 2 - The main contract for European shipping surged over 15%, reaching a peak of 2740 points, marking a new high since its listing [1][1][1] - Huachuang Securities indicated that disruptions in the Red Sea provide additional market support, with expectations of a restructuring in shipping routes due to the eastward shift of global refinery capacity [1][1][1] - The supply dynamics in the shipping industry are clear, with potential signs of price stabilization and upward elasticity in freight rates as economic recovery progresses [1][1][1]

Financial Performance - The total revenue for the year ended December 31, 2023, was $8,343.857 million, a decrease of 58.1% from $19,820.188 million in 2022[2] - The operating profit for 2023 was $1,405.676 million, down 86.1% from $10,079.101 million in the previous year[2] - The net profit for the year was $1,369.109 million, a decline of 86.3% compared to $9,966.238 million in 2022[2] - Basic and diluted earnings per share for 2023 were $2.07, significantly lower than $15.09 in 2022[2] - Total comprehensive income for the year was $(9,906,695) in 2022 and $(1,350,189) in 2023[6] - The group reported a net profit of $1,376,577 thousand for 2023, a decline of approximately 86.2% from $9,966,238 thousand in 2022[13] - Operating profit for 2023 was $1,367,852, significantly lower than $9,965,245 in 2022, indicating a decrease of about 86%[25] - The company recorded a profit attributable to shareholders of $1.368 billion in 2023, a decrease from $9.965 billion in 2022[35] Assets and Liabilities - Total assets as of December 31, 2023, amounted to $15,609.185 million, down from $20,035.161 million in 2022, representing a decrease of 22.0%[4] - The company reported a total equity of $11,210.363 million, down from $13,438.898 million in the previous year, reflecting a decrease of 16.5%[4] - The group’s total liabilities for the container transportation and logistics segment were $(4,398,822) thousand in 2023, compared to $(6,596,263) thousand in 2022, a decrease of about 33.9%[17] - As of December 31, 2023, the company held cash and bank balances totaling $6.722 billion, with total debt amounting to $1.438 billion, resulting in a net cash to equity ratio of 0.47:1[41] Cash Flow and Investments - Operating cash flow for 2023 was $617,196, a significant decrease from $11,253,014 in 2022[5] - Cash used in investing activities totaled $(4,640,721) in 2023, compared to cash generated of $1,420,073 in 2022[5] - Financing activities resulted in a net cash outflow of $(4,294,912) in 2023, down from $(7,115,228) in 2022[5] - Cash and cash equivalents at the end of 2023 were $1,129,210, a decrease from $9,463,902 at the end of 2022[5] - The company recognized a decrease in the fair value of investments, with a loss of $39,025 in 2022[5] Dividends and Shareholder Returns - The company paid dividends totaling $(3,579,223) to shareholders in 2023, compared to $(6,141,471) in 2022[5] - The company plans to distribute a final dividend of $0.145 per ordinary share for the fiscal year 2023, compared to $2.61 per share in 2022, reflecting a decrease of approximately 94%[26] - The company plans to distribute a final dividend of $0.145 per share and a second special dividend of $0.036 per share, with the record date set for May 31, 2024[39] Operational Highlights - Container transportation and logistics accounted for $8,319,049 thousand of the total revenue in 2023, down from $19,796,285 thousand in 2022, reflecting a decline of about 58.0%[12] - The logistics segment achieved double-digit revenue growth in dry cargo and cold chain transportation despite overall market pressures in 2023[37] - The company received seven new container ships with a capacity of 24,188 TEUs, enhancing operational efficiency and modernizing the fleet[36] - The electronic bill of lading system launched by the company's subsidiary processed over 100,000 transactions by early December 2023[37] Strategic Focus and Future Outlook - The company plans to focus on market expansion and new product development in the upcoming year[1] - The company anticipates that high inflation and interest rates will negatively impact U.S. economic growth and demand in the near term[30] - The company continues to focus on digital transformation, utilizing big data and AI to enhance customer service and supply chain management[37] Governance and Compliance - The company’s governance practices comply with the Hong Kong Stock Exchange's corporate governance code, ensuring transparency and accountability[45] - The financial statements for the year ending December 31, 2023, have been reviewed by the audit committee along with external and internal auditors[46] - The board of directors includes executive directors Wan Min, Chen Yangfan, and Yang Zhijian; non-executive directors Dong Lijun, Gu Jinshan, Wang Dan, and Ye Chengzhi; and independent non-executive directors Zou Yaohua, Zhong Ruiming, Yang Liangyi, Chen Ying, and Su Jinliang[49] Risks and Forward-Looking Statements - The announcement contains forward-looking statements based on current plans, estimates, and forecasts, which should not be overly relied upon[50] - The company does not assume responsibility to update forward-looking statements in light of new information or future events[50] - Potential risks and uncertainties may lead to significant differences between actual performance and forward-looking statements[50]

Financial Performance - The company recorded a profit attributable to shareholders of $1.129 billion for the first six months of 2023, compared to $5.664 billion in the same period in 2022[3] - Revenue for the first half of 2023 was $4.54 billion, a significant decrease from $11.06 billion in the same period of 2022[49] - Gross profit for the first half of 2023 was $902.8 million, compared to $6.12 billion in the first half of 2022[49] - Operating profit for the first half of 2023 was $1.13 billion, down from $5.75 billion in the same period of 2022[49] - Net profit attributable to shareholders for the first half of 2023 was $1.13 billion, compared to $5.66 billion in the first half of 2022[49] - Basic and diluted earnings per share for the first half of 2023 were $1.71, down from $8.58 in the same period of 2022[49] - Net profit for the first half of 2023 was $1,129,397 thousand, a significant decrease from $5,664,112 thousand in the same period of 2022[50] - Total comprehensive income for the first half of 2023 was $1,110,293 thousand, compared to $5,633,841 thousand in the first half of 2022[50] - Revenue from container transportation and logistics decreased to $4,528,025K in 2023 from $11,049,611K in 2022, representing a significant year-over-year decline[68] - Total revenue for the company in 2023 was $4,540,681K, compared to $11,061,132K in 2022, indicating a substantial drop in overall performance[68] - Operating profit for container transportation and logistics was $1,137,904K in 2023, down from $5,742,786K in 2022, reflecting a sharp decrease in profitability[70][71] - The company reported a net profit of $1,129,397K in 2023, a significant drop from $5,664,112K in 2022, indicating a challenging financial period[70][71] - Operating profit for 2023 increased to $285,414 thousand from $49,218 thousand in 2022, driven by higher bank interest income[77] - The company's net interest expense decreased to $15,732 thousand in 2023 from $28,124 thousand in 2022, reflecting lower interest costs[79] - Total tax expenses for 2023 amounted to $5,212 thousand, with Hong Kong profits tax at $8,145 thousand and non-Hong Kong taxes at $1,187 thousand[80] - Basic and diluted earnings per share for 2023 were $1.71, down from $8.58 in 2022, due to a significant drop in net profit[82] Dividends and Shareholder Returns - The company declared an interim dividend of $0.69 per ordinary share and a special dividend of $0.17 per ordinary share for 2023[3] - The company declared an interim dividend of $0.69 per share and a special dividend of $0.17 per share for the six months ended June 30, 2023[24] - The company declared an interim dividend of $0.69 per share and a special dividend of $0.17 per share for 2023, compared to $3.43 and $2.57 respectively in 2022[83] - The company paid a final dividend of $1,723,574 thousand and a second special dividend of $1,287,728 thousand for the 2022 fiscal year[56] Cash Flow and Financial Position - The net cash to equity ratio stood at 0.53 as of June 30, 2023, compared to 0.63 in the same period in 2022 and 0.26 in 2021[4] - The company reduced its existing financing scale by $2.1 billion since June 30, 2020, and avoided additional financing costs by using its own funds to pay for new ship progress payments[4] - OOCL's cash and bank balances totaled $7.8 billion as of June 30, 2023, with net cash of $6.2 billion[18] - Cash and bank balances decreased to $7,823,896 thousand as of June 30, 2023, from $11,213,902 thousand at the end of 2022[52] - Operating cash flow for the first half of 2023 was $548,319 thousand, a significant decrease from $6,243,073 thousand in the same period of 2022[55] - Cash and cash equivalents decreased to $3,726,456 thousand as of June 30, 2023, from $8,266,910 thousand at the end of 2022[55] - Shareholders' equity decreased from $13,435,998 thousand as of January 1, 2023, to $11,534,380 thousand as of June 30, 2023, primarily due to dividend payments[56] - Total comprehensive income for the first half of 2023 was $1,109,569 thousand, compared to $5,633,486 thousand in the same period of 2022[56] - The company's financial assets measured at fair value totaled $14,263 thousand as of June 30, 2023, with $14,229 thousand classified as Level 1 and $34 thousand as Level 3[63] - Level 3 financial instruments, consisting of unlisted equity securities, remained unchanged at $34 thousand from January 1, 2023, to June 30, 2023[65] - The fair value of amortized cost investments was $61,254K as of June 30, 2023, slightly lower than the $86,158K as of December 31, 2022[66] - Trade receivables net of impairment decreased to $309,578 thousand in 2023 from $438,276 thousand in 2022, with a significant reduction in overdue receivables[86][87] - The total reserves decreased from $13,369,961 thousand as of January 1, 2023, to $11,468,343 thousand as of June 30, 2023, primarily due to a reduction in retained earnings[89] - Lease liabilities decreased from $2,080,120 thousand as of December 31, 2022, to $1,660,265 thousand as of June 30, 2023, with non-current liabilities dropping to $1,062,822 thousand[90] - Accounts payable to third parties decreased slightly from $156,028 thousand as of December 31, 2022, to $154,876 thousand as of June 30, 2023[92] - Accrued expenses significantly decreased from $2,483,714 thousand as of December 31, 2022, to $1,710,705 thousand as of June 30, 2023[93] - Capital commitments for property, plant, and equipment decreased from $4,093,204 thousand as of December 31, 2022, to $3,751,623 thousand as of June 30, 2023, with $3,747,887 thousand allocated to vessels under construction[94] - Total lease commitments decreased marginally from $384,401 thousand as of December 31, 2022, to $383,755 thousand as of June 30, 2023, with the majority allocated to vessels and equipment[95] Market and Operational Performance - The company's freight rates have generally returned to pre-pandemic levels, with some routes even higher than pre-pandemic levels[3] - The company's effective capacity has been released due to the easing of congestion at existing choke points, although new congestion points occasionally emerge[3] - OOCL's total container shipping volume decreased by 1% in H1 2023 compared to H1 2022, with total revenue dropping by 60% and average revenue per TEU decreasing by 60%[9] - Pacific route cargo volume decreased by 2% in H1 2023, with revenue down by 67% and average revenue per TEU dropping by 66%[10] - Asia/Europe route cargo volume increased slightly by 0.4% in H1 2023, but revenue decreased by 68% and average revenue per TEU dropped by 68%[11] - Atlantic route cargo volume increased by 20% in H1 2023 due to increased capacity, with revenue decreasing by 18% and average revenue per TEU dropping by 32%[12] - Intra-Asia/Australia route cargo volume decreased by 4% in H1 2023, with revenue down by 53% and average revenue per TEU dropping by 51%[13] - The Asia region contributed $3,073,899K in revenue in 2023, down from $9,110,712K in 2022, highlighting a significant decline in the largest market[75] - The Europe region generated $888,269K in revenue in 2023, down from $1,316,312K in 2022, showing a decline in this key market[75] Environmental and Sustainability Efforts - The company is committed to environmental protection and sustainability, with its sustainability report independently verified by Lloyd's Register Quality Assurance Limited[22] - The company has been recognized for its environmental efforts, including achieving the highest level in the Green Flag Program at the Ports of Long Beach and Los Angeles[23] - The company participates in the "Protecting Blue Whales and Blue Skies" program to reduce air pollution and protect marine life in the San Francisco Bay and Southern California regions[23] - The company has been included in the Dow Jones Sustainability Index and the S&P Global Sustainability Yearbook (China Edition) 2023, ranking in the top 1% of ESG scores in the industry[23] Corporate Governance and Compliance - The company has implemented a Business Continuity Plan (BCP) in all operational regions to ensure business integrity during natural disasters or severe events[23] - The company's global data processing center maintains ISO 27001 certification, ensuring international standards for information security management[21] - The company has adopted a self-defined corporate governance code that complies with the Hong Kong Stock Exchange's Corporate Governance Code, except for two recommended best practices[38] - The company's senior management remuneration is disclosed in ranges rather than on an individual basis, and quarterly operational results are published instead of quarterly financial results[38] - All directors confirmed full compliance with the company's securities trading code and the Hong Kong Stock Exchange's Model Code during the first half of 2023[39] Related Party Transactions - The company is controlled by COSCO Shipping, a state-owned enterprise in China, and engages in significant related party transactions with COSCO Shipping and its affiliates[96][97] - Container transportation revenue from COSCO Shipping Group and its affiliates decreased to $48.8 million in 2023 from $228.5 million in 2022[98] - Information technology service revenue dropped to $14.4 million in 2023 from $16.8 million in 2022[98] - Fuel purchase expenses increased to $154 million in 2023 from $145 million in 2022[98] - Container transportation revenue from joint ventures decreased to $92,000 in 2023 from $108,000 in 2022[99] - Container transportation revenue from other related parties increased to $1.4 million in 2023 from $205,000 in 2022[100] - Terminal expenses from other related parties surged to $74.7 million in 2023 from $21.8 million in 2022[100] - 70% of the company's bank balances were held in state-owned banks as of June 30, 2023, down from 90% as of December 31, 2022[101] - Container transportation revenue from COSCO Shipping affiliates and joint ventures was $17.9 million in 2023, down from $80.3 million in 2022[101] - Terminal expenses from COSCO Shipping affiliates and joint ventures increased to $82.8 million in 2023 from $73.6 million in 2022[101] - Fuel purchases from COSCO Shipping joint ventures decreased to $88.4 million in 2023 from $102 million in 2022[101] Capital Expenditures and Investments - Property, plant, and equipment increased to $5,213,173 thousand as of June 30, 2023, up from $4,696,239 thousand at the end of 2022[52] - Non-current assets increased by $506,418K in 2023, compared to $490,492K in 2022, indicating continued investment in long-term assets[75] - Capital expenditures for property, plant, and equipment increased to $467,833 thousand in 2023 from $128,290 thousand in 2022[84] - Two new vessels were delivered to the company in 2023, compared to none in 2022[85] - The company estimated a contractual provision of $895 million as of June 30, 2023, due to uncertainties in meeting the minimum volume commitment for the Long Beach Container Terminal[91] Shareholder and Ownership Structure - The company's issued share capital as of June 30, 2023, consists of 660,373,297 ordinary shares[26] - Faulkner Global Holdings Limited holds a 71.07% beneficial ownership stake in the company, amounting to 469,344,972 shares[31] - Shanghai International Port (Group) Co., Ltd. holds a 9.06% beneficial ownership stake in the company, amounting to 59,880,536 shares[31] - Director Wan Min holds a 0.00544% stake in COSCO SHIPPING Development Co., Ltd., amounting to 200,000 H shares[27] - Director Yang Zhijian holds a 0.01088% stake in COSCO SHIPPING Holdings Co., Ltd., amounting to 400,000 H shares[27] - Director Dong Lijun holds a 0.00322% stake in COSCO SHIPPING Holdings Co., Ltd., amounting to 413,712 A shares[27] - Director Wan Min holds a 0.00914% stake in COSCO SHIPPING Ports Limited, amounting to 320,215 shares[27] - Director Yang Zhijian holds 413,712 unexercised stock options in COSCO SHIPPING Holdings Co., Ltd., representing 0.00322% of the issued A shares[28] - The stock options granted under the COSCO SHIPPING Holdings stock incentive plan have a 10-year validity period from May 30, 2019, with a 24-month vesting period[29] - The company's directors and senior management have no other interests or short positions in the company or its associated corporations as of June 30, 2023[29] - Faulkner Global Holdings Limited is 100% owned by COSCO Shipping Holdings (Hong Kong) Limited, which in turn is 100% owned by COSCO Shipping Holdings[32] - China Ocean Shipping Company holds a 36.64% stake in COSCO Shipping Holdings, while COSCO Shipping Group holds a 43.35% stake in COSCO Shipping Holdings[32] - In 2021, Faulkner sold 23,180,000 shares at HKD 151.00 per share, raising a net amount of approximately HKD 3,477.66 million[35] - The net proceeds from the 2021 share placement and subscription were fully utilized by July 31, 2023, including HKD 1,950 million for 2020 newbuild vessel orders and HKD 1,229.12 million for 2021 newbuild vessel orders[36] - The company allocated approximately HKD 279.66 million from the 2021 proceeds for container purchases and general corporate purposes, which were fully utilized by December 31, 2022[36] Technology and Innovation - The company's online platform, FreightSmart, and its focus on end-to-end supply chain capabilities demonstrate its commitment to leading the industry with advanced technology[5] - OOCL Logistics achieved growth in domestic business and container volume, with efforts to develop new services and digital supply chain management[15] Market Expansion and Strategy - The company plans to expand into new markets, including a new route between Europe and the East Coast of South America[5] - The company's new shipbuilding program and market expansion plans indicate a cautious and wise approach to scaling growth[5] - OOCL received 2 new 24,188 TEU vessels in H1 2023, with more deliveries scheduled from Q3 2023 to Q3 2024[16] Fuel Costs and Efficiency - The company's fuel costs decreased due to lower average fuel prices compared to the first half of 2022[3] - Average fuel price for OOCL in H1 2023 was $609 per ton, a 17% decrease compared to $729 per ton in H1 2022[14] Employee and Workforce - The company employs 11,385 full-time employees globally as of June 30, 2023, with competitive compensation and benefits[20]

Financial Performance - Revenue for the six months ended June 30, 2023, was $4,540.681 million, a decrease of 59% from $11,061.132 million in the same period of 2022[2] - Operating profit for the same period was $1,134.299 million, down 80% from $5,745.431 million year-on-year[2] - Net profit for the six months ended June 30, 2023, was $1,129.397 million, compared to $5,664.112 million in 2022, representing a decline of 80%[2] - Basic and diluted earnings per share for the period were $1.71, down from $8.58 in the previous year[2] - The company reported a total comprehensive income of $1,110.293 million for the six months ended June 30, 2023, compared to $5,633.841 million in 2022[3] - The company reported a total comprehensive income of $(1,109,569) for the six months ended June 30, 2023[7] - The company recorded a shareholder profit of $1.129 billion for the first half of 2023, a decrease of 80% compared to $5.664 billion in the same period of 2022[50] - Container transportation and logistics business generated a pre-tax profit of $1.128 billion, down from $5.721 billion year-on-year[50] Assets and Liabilities - Total assets as of June 30, 2023, were $16,509.170 million, a decrease from $20,035.161 million as of December 31, 2022[5] - Total liabilities decreased to $4,971.491 million from $6,596.263 million at the end of 2022[5] - Shareholders' equity decreased to $11,534.380 million from $13,435.998 million at the end of 2022[5] - The total equity as of June 30, 2023, was $11,534,380, a decrease from $13,124,247 reported at the same time last year[7] - The total issued and paid-up capital as of June 30, 2023, is $66.037 million, unchanged from December 31, 2022[37] - The total amount of other receivables as of June 30, 2023, is $197.506 million, a decrease from $221.235 million as of December 31, 2022[36] - The company’s accrued expenses significantly decreased from $2.48 billion on December 31, 2022, to $1.71 billion on June 30, 2023, representing a decline of about 31%[41] Cash Flow - Operating cash flow for the six months ended June 30, 2023, was $609,152, compared to $6,340,396 for the same period in 2022, representing a significant decrease[6] - Net cash generated from operating activities was $548,319, down from $6,243,073 in the previous year[6] - Cash used in investing activities amounted to $(2,805,229), a stark contrast to the cash generated of $706,800 in the prior year[6] - Financing activities resulted in a net cash outflow of $(3,465,017), compared to $(2,607,024) in the same period last year[6] - Total cash and cash equivalents at the end of the period were $3,726,456, down from $8,266,910 at the end of June 2022[6] Segment Performance - For the six months ending June 30, 2023, the total revenue from container transportation and logistics was $4,528,025, a decrease from $11,049,611 in the same period of 2022[21] - Operating profit for the container transportation and logistics segment was $1,137,904, compared to a loss of $3,605 in the previous year[22] - Revenue from container transportation with the China Ocean Shipping Group decreased significantly from $228.5 million in 2022 to $48.8 million in 2023, a drop of approximately 78.7%[46] - The group’s income from freight forwarding decreased from $4.2 million in 2022 to $3.2 million in 2023, reflecting a decline of about 23.8%[46] Dividends - The total ordinary dividend declared for the six months ended June 30, 2023, is $0.69 per share, compared to $3.43 per share for the same period in 2022[33] - The special dividend declared for the same period is $0.17 per share, down from $2.57 per share in 2022[33] - The company announced an interim dividend of $0.69 per share and a special dividend of $0.17 per share, based on the exchange rate of 1 USD to 7.8 HKD[57] Operational Developments - The company completed the construction and delivery of two vessels during the six months ended June 30, 2023[34] - The company received two new vessels with a capacity of 24,188 TEUs each, marking the largest vessels in its fleet to date[54] - The company is actively developing new services in logistics and digital supply chain management to create value and reduce costs for customers[54] - The company continues to implement a dual-brand strategy, enhancing cost efficiency and market adaptability while maintaining customer service standards[54] Market Conditions - The company acknowledges ongoing challenges in the market, including inflation and interest rate hikes affecting consumer spending[55] - The company is experiencing full capacity on major long-haul routes, with freight rates on the US West Coast increasing, which is expected during this time of year[55] - The company is expanding its new shipbuilding plans and market development, including new routes to South America, indicating a cautious approach to growth[56] Governance and Compliance - The company is committed to maintaining high-quality corporate governance and has adopted a customized corporate governance code[60] - The company has adhered to the Stock Exchange's corporate governance code, with two exceptions regarding the disclosure of senior management remuneration[60]