Evergreen’s EPS in the third quarter hit an eight-quarter high, and its EPS in the first three quarters was 32.77 yuan, making it better than the whole of last year.

[Reporter Wang Yihong/Taipei Report] Evergreen Shipping (2603)’s third quarter consolidated revenue was 146.776 billion yuan, an annual increase of 51.44%, after-tax net profit was 46.615 billion yuan, an annual increase of 114.36%, net profit margin was 31.76%, and earnings per share Earnings (EPS) was 21.53 yuan, a new high in the fourth quarter and eight quarters of 2024; the cumulative consolidated revenue in the first three quarters was 338.449 billion yuan, an annual increase of 15.36%, the after-tax net profit increased by 18.13% annually, and the net profit margin was 20.96%. EPS 32.77 yuan, beating last year’s 31.68 yuan.

The container market continued its demand momentum in the second quarter and maintained its peak season pattern throughout the third quarter. Coupled with geopolitics, congestion at major hub ports around the world diluted the market's actual effective shipping capacity. Supported by the tight supply and demand structure, Evergreen's revenue and profit performance in the third quarter were boosted.

Looking forward to the future, Evergreen Shipping stated that it will continue to exert flexible operational resilience and maximize the utilization efficiency of its fleet and container assets through route network optimization and cargo structure diversion. At the same time, in line with the company's long-term strategic blueprint, we will continue to promote the layout of key terminals and logistics infrastructure around the world, and resist the fluctuations of industry cycles by strengthening the advantages of sea and land integration, and strive to create sustainable and stable long-term investment value for shareholders.