--- title: "With the growth of global cargo volume and the increase in freight rates, COSCO Ship Hold expects a 72% year-on-year increase in net profit for Q1 | Financial Report Insights" type: "News" locale: "en" url: "https://longbridge.com/en/news/234821288.md" description: "In the first quarter, COSCO Ship Hold achieved a net profit of 13.223 billion yuan, a year-on-year increase of 72.13%; the net profit attributable to shareholders was 11.689 billion yuan, a year-on-year increase of 73.04%. The company stated that in the first quarter of 2025, global container cargo volume still maintained a certain level of growth compared to the same period last year, and the average value of the China Export Container Freight Index (CCFI) also saw an increase year-on-year" datetime: "2025-04-07T13:09:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/234821288.md) - [en](https://longbridge.com/en/news/234821288.md) - [zh-HK](https://longbridge.com/zh-HK/news/234821288.md) generator: "portal-rs" --- # With the growth of global cargo volume and the increase in freight rates, COSCO Ship Hold expects a 72% year-on-year increase in net profit for Q1 | Financial Report Insights COSCO Ship Hold's net profit for the first quarter reached 13.223 billion yuan, a year-on-year increase of 72.13%; the net profit attributable to shareholders was 11.689 billion yuan, a year-on-year increase of 73.04%. The company stated that in the first quarter of 2025, the global container cargo volume still maintained a certain growth compared to the same period last year, and the average comprehensive index of China's export container freight rates (CCFI) also achieved an increase year-on-year. On April 7, COSCO Ship Hold announced its performance forecast for Q1 2025: > - Q1 net profit reached 13.223 billion yuan, a year-on-year increase of 72.13%; > - Net profit attributable to shareholders was 11.689 billion yuan, a year-on-year increase of 73.04%; > - Earnings Before Interest and Taxes (EBIT) was 16.571 billion yuan, a year-on-year increase of 66.09%. > > Regarding the main reasons for the performance forecast increase, COSCO Ship Hold stated, **In the first quarter of 2025, the global container cargo volume still maintained a certain growth compared to the same period last year, and the average comprehensive index of China's export container freight rates (CCFI) also achieved an increase year-on-year.** COSCO Ship Hold has made a good start in its business development for 2025. ## COSCO Ship Hold's net profit for 2024 increased by 105.78% year-on-year On March 21, the company announced its 2024 performance: > - The company's operating revenue for the fourth quarter was 59.122 billion yuan, a decrease compared to the third quarter; > - The net profit attributable to shareholders of the listed company was 10.976 billion yuan, a decrease of about 10.278 billion yuan compared to the third quarter; > - Cash flow was 17.619 billion yuan, a decrease of about 11.420 billion yuan compared to the third quarter. > > For the entire year of 2024, the company achieved revenue of 233.859 billion yuan, a year-on-year increase of 33.29%; the net profit attributable to shareholders was 49.1 billion yuan, a year-on-year increase of 105.78%; earnings per share were 3.08 yuan, a year-on-year increase of 108.11%. The container shipping business achieved a significant growth of 34.40%, and the supply chain business became a new growth engine. As of the close on April 7, COSCO Ship Hold's A-shares fell by 10.03% to 12.74 yuan/share, with a total market value of 203.4 billion yuan; COSCO Ship Hold's H-shares fell by 14.87% to 9.96 HKD/share, with a total market value of 159 billion HKD. ### Related Stocks - [601919.CN](https://longbridge.com/en/quote/601919.CN.md) - [01919.HK](https://longbridge.com/en/quote/01919.HK.md) - [000008.CN](https://longbridge.com/en/quote/000008.CN.md) ## Related News & Research - [HSBC Research Turns More Cautious on Global Container Shipping Stocks, Expects Industry Profit to Peak This Quarter](https://longbridge.com/en/news/298009632.md) - ['It's a No-Brainer,' Says Top Investor About Alphabet](https://longbridge.com/en/news/298341611.md) - [Why Berkshire Hathaway Looks Likely to Invest in More Artificial Intelligence (AI) Stocks](https://longbridge.com/en/news/298312025.md) - [5 Defensive Stocks to Watch as CPI and the Fed Put the Rally to the Test](https://longbridge.com/en/news/298330813.md) - ['Black Swan' investor Mark Spitznagel says the crash of a lifetime is coming after one more 'euphoric rally'](https://longbridge.com/en/news/298208791.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**