FilingReader Intelligence

Cosco Shipping Development enhances shareholder returns

March 5, 2025 at 05:14 AM UTCBy FilingReader AI

COSCO SHIPPING Development (SSE:601866) has announced its "Quality Improvement, Efficiency Enhancement, and Return Emphasis" action plan. Key measures include focusing on core shipping and logistics operations, deepening integration of finance and industry, and expanding business scale. The company is advancing intelligent manufacturing and digital transformation, leveraging technologies like AI and big data. COSCO emphasizes green and low-carbon development, actively integrating ESG principles. Demonstrating commitment to shareholders, the company has implemented consecutive annual dividends and an initial interim dividend in 2024, distributing RMB 434 million for 2023 and RMB 257 million for the first half of 2024, while repurchasing 203,815,700 shares. The company also said it will improve investor communication and maintain robust corporate governance to enhance shareholder value.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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