Qingdao Port reports strong interim results, partners with Worldex Logistics

Qingdao Port International Co. announced interim results for the six months ended June 30, 2025, with revenue reaching RMB9,434m, a 4.04% increase. Net profit attributable to shareholders rose 7.58% to RMB2,842m, resulting in basic earnings per share of RMB0.44, up 7.32%. The company proposed an interim dividend of RMB1.466 per ten shares, totaling RMB951.5953m.

Concurrently, Qingdao Port entered into a Comprehensive Service Framework Agreement with Worldex Logistics, effective until December 31, 2026. This agreement involves the Group providing comprehensive logistics services, including container freight station and freight forwarding, to Worldex Group, and Worldex Group providing freight forwarding services to the Group. The maximum annual transaction amounts are RMB300m for 2025 and RMB350m for 2026 for services provided by the Group, and RMB200m for 2025 and RMB250m for 2026 for services provided by Worldex Group.

This framework agreement is classified as a continuing connected transaction under Hong Kong Listing Rules, subject to reporting, annual review, and announcement requirements, but exempt from circular and independent shareholder approval. The board affirmed the terms are fair, reasonable, and in the best interests of the company and shareholders.