china cosco holdings-a (601919) Snapshot

The board of directors of China COSCO Holdings Company Limited announced that as approved by the State Administration for Industry and Commerce of the People's Republic of China, the registered address of the company has been changed to 2nd Floor, 12 Yuanhang Business Centre, Central Boulevard and East Seven Road Junction, Tianjin Port Free Trade Zone, Tianjin, the PRC. The company has also obtained its new business licence for the above change.

China COSCO Holdings Company Limited reported unaudited consolidated and parent company earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported consolidated total revenue from operations of RMB 15,234,414,656.20 against RMB 15,690,285,575.30 a year ago. Operating revenue was RMB 15,234,414,656.20 against RMB 15,690,285,575.30 a year ago. Operating loss was RMB 1,576,426,442.67 against RMB 1,799,659,464.05 a year ago. Net loss attributable to equity holders of the company was RMB 1,987,964,541.90 against RMB 2,695,476,554.65 a year ago. Basic and diluted loss per share was RMB 0.19 against RMB 0.26 a year ago. Net cash used in operating activities was RMB 2,972,178,801.59 compared to RMB 2,917,450,746.65 a year ago. Cash paid for acquisition and installation of fixed assets, intangible assets and other term assets was RMB 3,278,877,180.58 against RMB 1,060,869,129.77 a year ago. Net assets per share attributable to equity holders of the listed company were RMB 2.26 against RMB 2.46 a year ago. Negative weighted average return on net assets was 8.23%. For the quarter, the parent company reported operating income of RMB 932,087,535.64 against operating loss of RMB 166,891,010.62 a year ago. Net income was RMB 932,087,535.64 against net loss of RMB 166,891,010.62 a year ago. Net cash used in operating activities was RMB 264,279,863.02 compared to RMB 602,626,064.46 a year ago. Cash paid for acquisition and installation of fixed assets, intangible assets and other term assets was nil compared to RMB 9,596.00 a year ago. For the first quarter of 2013, the company recorded an impairment loss on assets of RMB 6,393,486.38, representing a decrease of RMB 18,410,112.80, or 153.21% as compared to the corresponding period last year. It was primarily attributable to the increase in reversal of provision for bad debt loss of previous years as compared to the corresponding period last year.

China COSCO Holdings Company Limited Presents at CLSA 18th China Forum, May-13-2013 . Venue: Grand Hyatt, Beijing Province, China.