Evergreen Q3 earned 61.9 billion yuan, 50 months of the end of the year is coming!
Is the 50-month year-end bonus coming again? ! Evergreen Shipping 13th board of directors through the third quarter financial report, by the Middle East geopolitics and a number of major port strikes in the world and other factors impact the supply chain, shipping market conditions and volume of the same, the third quarter consolidated revenue of 152.789 billion yuan, an annual increase of 109.84%, net profit after tax 61.913 billion yuan, an annual increase of 182.60%, Net profit after tax per share (EPS) was $28.75, and net profit after tax in the first three quarters reached $108.754 million, and EPS was $50.68.
In the third quarter, Yangming also benefited from the traditional peak season and demand growth, with consolidated revenue of 72.838 billion yuan in a single quarter, net profit after tax of 28.367 billion yuan, an increase of 911% year on year, a new quarterly high in two years, and earnings per share of 8.12 yuan. Cumulative consolidated revenue in the first three quarters was 169.229 billion yuan, net profit after tax was 51.634 billion yuan, up 750% year on year, and earnings per share was 14.79 yuan.
Wanhai single quarter profit 18.431 billion yuan, an increase of 6.26 times, 6.57 yuan per share, both hit a new high since the fourth quarter of 2022, the first three quarters of profit 34.623 billion yuan, compared with the same period last year, EPS 12.34 yuan.
According to the latest shipping market supply and demand forecast of Alphaliner, a French shipping consulting agency, 2024 is the peak of new ship delivery, new shipbuilding orders are about 3.14 million TEU, and it is expected that there are 790,000 TEU of new ship capacity to be delivered in the fourth quarter, and in 2025, the supply and demand growth of 5.8% and 2.5% respectively, narrowing the gap between supply and demand growth. As ships continue to circle the Cape of Good Hope to absorb some of the capacity, the excess pressure is expected to ease.
On the negative side, the overall market development still needs to pay attention to adverse factors such as potential inflation, rising geopolitical risks, rising global trade protectionism, and the impact of U.S. President Donald Trump's tariff policy on global trade prospects after taking office.
