Recently, a number of shipping ship industry listed companies released the half-yearly performance forecast, performance preview frequently. Production management efficiency, new ship delivery increase, maritime demand and price rise drive related listed companies performance growth. since July, shipbuilding enterprises intensive delivery of new ships, container ships, gas ships have been put into operation. Industry insiders said that with the orders successively achieve delivery, shipbuilding enterprises in the second half of the performance is good.
Bright performance
The evening of July 14, China Shipbuilding (32.220, -0.12, -0.37%) released 2023 half-year performance forecast announcement, is expected to achieve the first half of the net profit of 500 million yuan -600 million yuan, an increase of about 155.43% -206.51%. China Shipbuilding said that subsidiaries dispose of offshore platforms to generate non-monetary asset exchange gains and losses and receive government grants, etc., the company's non-recurring gains and losses amounted to about 670 million yuan in the current period, compared with 261 million yuan in the same period of the previous year.
On July 12, China Heavy Industry (4.540, -0.02, -0.44%) released 2023 half-year earnings announcement, the company is expected to achieve the first half of the net profit of 190 million yuan - 210 million yuan, year-on-year turnaround; after deducting net profit of 105 million yuan - 125 million yuan.
China's heavy industry said, during the reporting period, the company's production is carried out in an orderly manner, the total number of civilian ships delivered increased, operating income grew steadily. At the same time, the company in-depth promotion of the "cost project", focusing on bulk material procurement, outsourcing, outsourcing, labour costs and other cost control, ship assembly construction and ship repair business gross margins increased accordingly, the other business segments overall operation is relatively stable.
In the first half of this year, the energy shipping market demand was strong and prices were high. According to the Baltic Exchange data, from January to June 2023, the average daily earnings of global very large tankers (VLCC) Middle East-China route (TD3C) was US$43,147 per day, an increase of about 562% over the same period last year.
Shipping market volume and price rise drive related companies performance preview. 6 July, cosco ocean energy (14.210, -0.12, -0.84%) released 2023 half-year performance preview announcement, is expected to achieve the first half of the mother of the net profit of about 2.56 billion yuan, a sharp increase of 1,510.1% year-on-year; deducted mother of the net profit of about 2.23 billion yuan, compared to the same period of last year, an increase of about 1367.1 per cent.
COSCO Haineng said that in the first half of the international oil transport market performance is strong, the global ultra-large oil tanker (VLCC) freight prices are high, driving the company's performance growth. The company's scientific research and judgement of the market trend, flexible layout of the global ship position, timely capture the regional market transaction opportunities, to achieve the overall fleet revenue enhancement.
In addition, China Merchants South Oil (3.180, -0.02, -0.63%) is expected to achieve net profit of 810 million yuan in the first half of 2023 to 870 million yuan, an increase of 86.83%-100.66%; is expected to achieve net profit of 800 million yuan after deducting the net profit of 800 million yuan to 860 million yuan, an increase of 93.45%-107.96%. China Merchants South Oil said, international refined oil shipping prices are at a high level, the company's foreign trade business income increased significantly; domestic refinery start-up rate increased year-on-year, the company's crude oil fleet to seize the market opportunity to improve quality and efficiency; at the same time, the appreciation of the U.S. dollar to bring the thickening of foreign exchange gains.
Anxin Securities said, crude oil and refined oil transport prices are expected to continue to rise, oil transport supply and demand cycle certainty is strong, the second half of the boom will continue to rise.
Intensive Delivery
On 24th July, MSC NOA ARIEILA, the 16,000 TEU container ship No.1 built by China Shipbuilding Industry & Trade Co., Ltd. under China State Shipbuilding Corporation (CSSC), was named and delivered to MSC for charter. The vessel will be chartered to MSC. The ship can carry up to 16,616 standard containers, which is the largest tonnage container ship built in South China.
On 22 June, the first world's largest 24,000 TEU ultra-large container ship was delivered at Hudong-Zhonghua Shipyard of China State Shipbuilding Corporation (CSSC). After delivery, the ship was classified by American Bureau of Shipping and put into the Far East to Europe route. According to statistics, Hudong-Zhonghua has undertaken nine 24,000-box ultra-large container ships, six of which are currently under construction, and three of which are scheduled to be delivered within the year.
Hudong-Zhonghua said that since the successful achievement of the goal of "more than half of the time, more than half of the production and operation tasks" on 26 June, in less than a month, the company has completed the production nodes of 1 ship to start construction, 4 ships in the dock, 4 ships out of the dock, 1 ship trial, and so on, which comprehensively opens the second half of the year for a new high tide of shipbuilding.
In addition, since July, China Merchants Industry Nanjing Jinling, Yangzijiang Shipbuilding Group, the new era of shipbuilding delivery of small and medium-sized container ships; Jiangnan Shipbuilding to the Southwest Shipping delivery of the second 93,000 cubic metres of ultra-large liquefied gas ship (VLGC).
Industry insiders said that the past two years, the shipbuilding enterprise new order quantity is abundant. As shipyards successively digest old orders, is expected to further improve performance, replenish cash flow, and for capacity adjustment, meet new orders to create conditions.