COSCO Shipping Holdings reports strong interim revenue, profit growth

COSCO Shipping Holdings reported revenues of 109.1 bn yuan for the six months ended June 30, 2025, an increase of 7.78% from the same period last year. Profit attributable to equity holders rose by 3.90% to 17.53 bn yuan, with basic earnings per share at 1.12 yuan, up from 1.05 yuan in 2024.

The container shipping business saw a 6.59% increase in volume, handling 13.2809 million TEUs, and generated 104.8 bn yuan in revenue, a 7.49% year-on-year increase. The terminal business achieved a throughput of 74.296 million TEUs, up 6.35%, and contributed 5.84 bn yuan in revenue, a 14.75% increase. The company declared an interim cash dividend of 0.56 yuan (tax inclusive) per share for 2025, representing approximately 50% of the net profit attributable to equity holders.

Total assets stood at 498.5 bn yuan as of June 30, 2025, a slight increase of 0.21% from the end of last year, while total liabilities increased by 1.50% to 215.6 bn yuan. Cash and cash equivalents amounted to 169.1 bn yuan. The company repurchased 102 million A shares and 237 million H shares, which were subsequently cancelled.