Yang Ming reported headline numbers for its 2023 full year results after market
on 7 March. And both Yang Ming and Evergreen reported February revenue last few
days.
For February, Yang Ming's revenue were up 21% YoY but only 1% MoM, comparing to
CCFI's 31% Yoy and 21% MoM. Yang Ming's relatively low MoM upside relative to
CCFI's was likely because February usually has lower volume than January due to
Chinese New Year holidays. Since 2013, the February revenue was 10% lower MoM
for Yang Ming.