COSCO Shipping reports strong Q1, announces fleet expansion

COSCO Shipping Holdings (HKEX: 1919) today announced a robust first-quarter performance for 2025, alongside plans for a significant expansion of its container vessel fleet. Net profits attributable to equity holders soared 73.12% year-over-year to CNY 11.69 billion, driven by increased container shipping volume and revenue per TEU. Operating revenue increased 20.05% to CNY 57.96 billion. The company's Q1 results indicate a weighted average return on net assets of 4.88%.