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Heavy. In 2017 the world's most profitable container shipping company released, net profit rose 50%!

Shandong Haifeng International (SITC) predicts that its net profit will increase by 50% over the same period of last year in the 12 months to December 2017, according to the search.

This expectation is based on an earlier announcement of an increase of 40% from December 2017.

The key factor in the higher profit is the increase in the group's business volume compared with the same period in 2016, plus the increase in the overall operating efficiency of the group.

In the first half of 2016, SITC became the most profitable company in the industry with a profit of $70 million 520 thousand. Compared with MAERSK and Hapag-Lloyd during the same period of hundreds of billions of dollars of losses in horror, can be said to be muffled large fortune!

In 2017, the overall market environment of rising shipping, the shipping companies are profitable, but SITC still arrogant, simply said, it is not the most pure profit, but it is the highest profit margins!

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This estimate is based on unaudited preliminary information, and the company plans to release the final version of its 12 month performance by the end of March 2017.

In the nine months to September 30, 2017, the total volume reported by the standard trade center was 1 million 900 thousand TEU, an increase of about 13.7% over the same period in 2016.

Compared with the corresponding figures in 2016, the total volume of freight forwarders in the group increased by 9.4% to 1 million 360 thousand TEU in 9 months.

As a result, the company's income increased by 12.1% in the period compared to the total of $994 million 400 thousand in 2016.

At the same time, SITC's share price has also risen sharply, more than doubled from 4.12 in February 2017 to 8.7 in December 2017, and it can be said to be amazing!

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Analysis of well-known investment bank Morgan Stanley said, Haifeng is expected to the year 2017 earn about 40%, slightly more than the expected growth of 37% is high, but the stock price this year has risen 57%, the 2018 forecast for 13.7 times earnings, is believed to have reflected the fundamentals to improve, so the maintenance of sync with the market rating.

According to the statistics of Alphaliner, Haifeng international ranked twentieth in the global container shipping enterprises by the year June 30, 2017, and the container traffic volume of 2016 exceeded 2 million 333 thousand TEU (excluding empty containers).

SITC official also issued a positive profit forecast, the details are as follows:
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The 50% increase in the SITC forecast is more conservative, and the actual increase in analysis data has reached 57%!

According to the official website of SITC, by the end of June 30, 2017, the company operated a total of 72 container ships, which owned container ship 47; operating 59 routes, 63 major ports network coverage China mainland, Japan and South Korea, Taiwan, Hongkong, Chinese China Vietnam, Thailand, Philippines, Kampuchea, Indonesia, Brunei and Malaysia 12 countries and regions the.

Is a proud SITC, will it become a black horse in the shipping industry in 2018? We will wait and see.

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