Ningbo Zhoushan Port reports 1.9% revenue growth in Q1

Ningbo Zhoushan Port Co., Ltd. (SSE:601018) announced a 1.9% year-over-year increase in operating revenue for the first quarter of 2025, reaching CNY 7,058.34 million, compared to CNY 6,926.84 million in the same period last year. Net profit attributable to shareholders rose 4.54% to CNY 1,174.70 million. The company's cash flow from operating activities surged 52.16% year-over-year to CNY 5,787.69 million, highlighting robust operational performance. Basic and diluted earnings per share remained stable at CNY 0.06. Total assets increased by 4.27% to CNY 117,810.44 million. The increase in revenue and profitability was driven primarily by strong performance in the port's core operations. The company has restated its financial statement from 2024 with consideration of business combination under the same control.