Core Viewpoint - China Cosco Shipping Holdings Co., Ltd. has successfully completed its A-share repurchase plan, acquiring approximately 99.99 million shares, which will be canceled to reduce registered capital [4][10]. Group 1: Share Repurchase Plan - The company approved a share repurchase plan to buy back between 50 million to 100 million A-shares at a maximum price of RMB 20 per share, with an estimated total repurchase amount of RMB 1 billion to 2 billion [2][3]. - The repurchase was funded through a combination of bank loans and the company's own funds, with a total expenditure of approximately RMB 1.40 billion, including about RMB 300 million from bank loans and RMB 1.10 billion from self-funds [4][5]. Group 2: Implementation Details - The initial repurchase occurred on November 14, 2024, with 1,515,000 shares acquired, representing 0.0095% of the total share capital as of November 13, 2024 [4]. - The final repurchase was completed on April 3, 2025, with a total of 99,999,943 shares acquired, accounting for 0.63% of the total share capital, with a maximum price of RMB 14.71 per share and an average price of RMB 14.04 per share [4][8]. Group 3: Impact on Share Structure - Following the repurchase and subsequent cancellation of shares, the company will have no shares remaining in the repurchase account, and the total number of A-shares will be adjusted accordingly [9][10]. - The repurchase will lead to a passive adjustment in the shareholding percentage of the indirect controlling shareholder, China Ocean Shipping Group Co., Ltd., and its concerted parties, affecting their ownership by 1% [10]. Group 4: Financial Performance Forecast - For the first quarter of 2025, the company anticipates a significant increase in financial performance, projecting an EBIT of approximately RMB 16.57 billion, a 66.09% increase year-on-year, and a net profit of around RMB 13.22 billion, a 72.13% increase compared to the same period last year [14][15]. - The growth is attributed to an increase in global container cargo volume and improved export container freight rates, alongside the company's proactive market strategies and operational optimizations [15].
中远海运控股股份有限公司关于A股股份回购实施结果暨股份变动的公告