COSCO Shipping Holdings forecasts strong first quarter profit growth

COSCO SHIPPING Holdings Co., Ltd. (HKEX:1919) expects to report substantial growth in its first-quarter 2025 results, with earnings before interest and tax (EBIT) projected to reach RMB16.571 billion, a 66.09% increase compared to the restated RMB9.977 billion for the same period in 2024. The company anticipates a net profit of RMB13.223 billion, up 72.13% from the restated RMB7.682 billion in 2024, and a net profit attributable to shareholders of RMB11.689 billion, representing a 73.04% increase compared to the restated RMB6.755 billion. The company attributes this performance to proactive seizure of market opportunities, a rise in average China Containerized Freight Index (CCFI) value, optimized global network layout, and improved customer service standards, which helped the company stabilize its operation fundamentals and significantly enhance its core competitiveness.