Bulk carrier Huiyang-KY(2637-TW) announced today (10) that consolidated revenue in March was 1.333 billion yuan, an annual decrease of 39.5%, self-consolidated operating profit of 200 million yuan, an annual decrease of 82.48%, pre-tax profit of 38.49 million yuan, an annual decrease of 96.72%, and earnings per share 0.05 yuan, the accumulated consolidated revenue in the first quarter was 3.588 billion yuan, the single-quarter pre-tax loss was 128 million yuan, and the loss per share was 0.17 yuan, which was the first loss in 10 quarters.
Huiyang said that since the second half of last year, the bulk market has been affected by the global economic recession, and the freight index has continued to fall. It bottomed out at the end of February and rebounded. In March, revenue has returned to normal levels, with a monthly increase of 44%. It is expected that the market outlook will continue Young.
Xue Yijun, chief financial officer of Huiyang, further pointed out that starting this year, old ships with poor operating efficiency will be actively disposed of. In March, 2 old ships (Supramax and Handy, 1 each, with an average age of regarding 10 years) have been disposed of, and there are still 2 old ships. Ships are under negotiation, and it is expected that the number of old ships disposed of this year will surpass that of the past two years.
At the same time, Huiyang has purchased 4 new ships this year, maintaining the consistent policy of replacing old and new. Among them, the first energy-saving new ship of this year was delivered as scheduled at the end of March. It is a light-sized ship built by Onomichi Shipbuilding and signed a one-year stable lease , the daily rental price is regarding US$16,000-17,000, which is better than the market.
Looking ahead, Huiyang believes thatBDI indexThe strong rebound following mid-February shows that the global demand for raw materials has rebounded. As the second quarter enters the peak season for South American grain exports, coupled with the gradual fermentation of China’s unblocking effect, it is expected that regarding half of the index-linked ships under the company are currently will benefit.
Xue Yijun emphasized that the fundamentals of bulk bulk are still relatively optimistic. The reason is that following the Russo-Ukrainian war is over, post-disaster reconstruction will help drive bulk demand, as well as factors such as easing inflation, China’s unblocking and low new shipbuilding orders. The recent rebound in the BDI is a sign of market health.
According to Huiyang statistics, the current new shipbuilding orders in the overall market account for only regarding 7% of the total shipping capacity, which is still relatively low compared to 2018. Judging from the current market conditions, the bulk industry is expected to be better than the first half of the year in the second half of the year, and better than that in the next year. This year.
