COSCO Haite (600428.SH): Plans not to exceed 2,624 million yuan to commission CSSC Chengxi to build 8 60,000-ton multi-purpose heavy gondolas

According to the Zhitong Finance App, COSCO Haite (600428.SH) announced that the company plans to invest in the construction of 8 60,000-ton multi-purpose heavy gondolas in the wholly-owned subsidiary COSCO Shipping (Hong Kong) Investment and Development Co., Ltd. (“CSIC Chengxi”) as the investor, with a total price of no more than 2,624 billion yuan (excluding tax). The ship is expected to be delivered and put into operation from April 2029 to June 2030.

The transaction will help the company further optimize its capacity structure, expand its business scale in relevant market segments, enhance its specialized service capabilities and brand awareness, consolidate and enhance the company's competitive position within the industry, enhance overall profitability and shareholder return, and meet the company's medium- to long-term strategic development direction. According to estimates, the internal rate of return of this project is about 6.64%, and the static payback period is 12.51 years, which has good economic benefits.