COSCO SHIPPING Holdings forecasts substantial Q1 2025 profit surge

COSCO SHIPPING Holdings (SSE:601919) has announced a preliminary forecast of substantial profit growth for the first quarter of 2025. The company expects its Earnings Before Interest and Taxes (EBIT) to reach approximately CNY 165.71 billion, a 66.09% increase compared to the same period last year. Net profit is projected to be CNY 132.23 billion, marking a 72.13% rise year-over-year. Specifically, net profit attributable to shareholders is estimated at CNY 116.89 billion (up 73.04%), and net profit attributable to shareholders after deducting non-recurring items at CNY 116.37 billion (up 73.07%). These gains are attributed to continued growth in global container volumes and increased China Containerized Freight Index (CCFI) averages.