Qinhuangdao Port sees profit rise despite slight revenue dip in first half

Qinhuangdao Port Co. Ltd. announced its unaudited consolidated results for the six months ended June 30, 2025, with revenue reaching RMB3,451.1392 million, a marginal decrease of 0.30% year-on-year. This was primarily attributed to a decline in metal ore revenue and reduced tug and barge services. Despite this, the company's gross profit increased by 3.37% to RMB1,439.2716 million, with the gross profit margin rising by 1.48 percentage points to 41.70%, driven by cost reduction and expense-saving measures.

Net profit for the period grew by 1.71% to RMB1,049.3142 million. Basic earnings per share remained stable at RMB0.18. Total cargo throughput for the period increased by 3.08% to 208.38 million tonnes, with notable increases at Caofeidian Port (4.07%) and Huanghua Port (6.88%).

As of June 30, 2025, cash and cash equivalents stood at RMB2,015.8669 million, an increase of 15.37% from December 31, 2024. The company's gearing ratio improved to 26.64%, down from 27.29% at the end of last year.