COSCO SHIPPING Specialized Carriers' Q1 profit jumps 33.8%

COSCO SHIPPING Specialized Carriers (SSE:600428) has released its preliminary unaudited results for the first quarter of 2025, reporting a net profit of CNY 458.13 million, a 33.79% increase compared to the same period last year. Revenue surged by 51.47% to CNY 5,196.01 million. The company attributes the strong performance to optimized shipping capacity, strategic market expansion, and increased volumes in core cargo categories such as pulp, vehicles, wind power equipment, and engineering equipment. Basic earnings per share increased to CNY 0.161. The company's total assets stood at CNY 40,178.44 million at the end of the reporting period, a 15.03% increase from the beginning of the year.