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COSCO SHIPPING Development listed in the Fortune China Top 500 for three consecutive years
发布时间: 2019-07-22

  On 10 July, COSCO SHIPPING Development Co., Ltd. (“COSCO SHIPPING Development” or the “Company”) (SSE: 601866; HKEx: 2866) was listed in the “2019 Fortune China Top 500” published by Fortune China. This is the third year when the Company has ranked in such list since its reorganization, which fully demonstrates the wide market recognition on the operating performance of COSCO SHIPPING Development for the past three years.

  The Fortune China Top 500 is jointly compiled by Fortune China and CICC Wealth Management Department, which assesses the performance and achievements of the worldwide largest listed companies in China for the past year.

  The total operating income of the 500 China listed companies in this year reached RMB45.5 trillion, representing an increase of 14.8% as compared with last year, which has recorded a new high. The net profit amounted to RMB3.625 trillion, representing an increase of 4.21% as compared with last year, sharply slowing down as compared with 24.24% in last year due to the macro economy. The GDP of China broke RMB90 trillion for the first time in last year, and the total revenue of these 500 listed companies exceeded half of the GDP of China in that year again.

  Over three years of transformation and exploration, COSCO SHIPPING Development has initially developed a one-stop shipping financial service platform with the theme of “integrating industry and finance and boosting industry development with finance”. In 2019, the Company continued to improve its operation and management capabilities and overall competitiveness, facilitate the quality development of each business sector, actively implement the strategy of integrating industry and finance and explore new business models on an ongoing basis so as to boost industry development with finance.

  Going forward, COSCO SHIPPING Development will make every effort to improve its brand image and steadily push forward the development of third-party markets. While optimizing the customer structure, the Company will expand new business sectors to constantly improve its operational efficiency, management level and development advantages. Also, the Company will continue to strive to develop and innovate in the shipping finance business for greater synergy to endeavor to build an integrated supply-chain financial service platform featuring shipping logistics

About Us
Cosco Shipping Development Company Limited (formerly China Shipping Container Lines Company Limited), a specialized corporation affiliated to China COSCO Shipping Corporation Limited, is mainly involved in supply chain integrated financial services. It was established in 1997, with head office in Shanghai, the PRC, and is listed both in Hong Kong and Shanghai. The registered capital of the Company is RMB11.68 billion. As at June 30 2016, the Company had total assets of RMB101.29 billion.
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