Qingdao Port sees steady profit growth in 2024

Qingdao Port International Co., Ltd. (SSE:601298) announced its preliminary 2024 financial results, showcasing steady growth. The company's total operating income reached ¥1,894.1 million, a 4.23% increase year-over-year. Net profit attributable to shareholders rose to ¥523.49 million, marking a 6.33% increase compared to the previous year. Earnings per share increased to ¥0.81. Total cargo throughput increased by 4.5% to 694 million tonnes, with container throughput up 7.2% to 32.17 million TEUs. As of the end of 2024, total assets amounted to ¥6,274.975 million, a 4.16% increase from the beginning of the year. The company notes that the growth was primarily driven by increased export container volumes and growth in logistics and port value-added services. The official annual report will be released later.