On December 23, 2022, COSCO SHIPPING Energy was awarded the “The Most Valuable Listed Company for Investment in 2022” at the 2022 Listed Companies Summit & the 16th Crystal Ball Awards for Sell-side Analysts Ceremony hosted by Securities Market Weekly in Chengdu, Sichuan.
The “Crystal Ball Award” has been held for 16 consecutive years and is a highly professional, authoritative, and influential award in the field of securities in China. The award evaluates the applicants in aspects of investor relations management, corporate management and social responsibility. The award scores overall performance of the participating companies in the capital market. COSCO SHIPPING Energy was selected as the “The Most Valuable Listed Company for Investment in 2022” among more than 500 participating listed companies. In 2022, various macro factors imposed profound impacts on the A-share market. A series of events including trade frictions, geopolitical events, recurring epidemics, and rapid interest rate hikes by the Federal Reserve have impacted many industries. Many listed companies are facing a slowdown in performance growth. The increased uncertainty in the market has put the Chinese capital market to a severe test.
The complex and volatile external environment has highlighted the value of supply chain security and stability. Up to now, COSCO SHIPPING Energy has a total of 159 tankers with 23.34 million DWT and invested 62 LNG carriers with a transportation capacity of 10.5 million cubic meters. With the world's leading capacity, COSCO SHIPPING Energy can provide strong guarantee for global energy transportation. Its investment value has been fully explored by the capital market. Since the beginning of the year, the combined market capitalization of COSCO SHIPPING Energy's A and H shares has increased by about 107%.
In the face of the changes in the world and the times, COSCO SHIPPING Energy will keep pace with the times, abide by innovating on the basis of what has worked in the past, continue to focus on the main business of energy transportation, further practice the development concept of green shipping, respond to the complex external environment with sound operating ability and financial status, and bring more value to stakeholders.