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$COSCO SHIP HOLD (01919.HK)$ Revenue in 2021 increased 95% year over year to 333.7 billion yuan, but net profit increased sharply by 799.5% to 89.3 billion yuan. This net profit exceeds the sum of the past 20 years—the highest annual net profit for the period was $208 billion (2007) and the lowest was -9.1 billion yuan (2016). Management mentioned that the supply of container transportation was in short supply last year. The average value of the China Export Container Freight Composite Index (CCFI) for the whole year was 2615.54 points, up 166% year on year; the freight volume of the company's container shipping business increased 2.15% year on year to 26.912 million TEUs. (Lin Guangying)
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