COSCO SHIPPING Specialized Carriers reports strong Q1 revenue growth

COSCO SHIPPING Specialized Carriers (SSE:600428) announced a substantial increase in revenue for the first quarter of 2025. The company reported revenue of CNY5,196,010,995.19, a 51.47% increase compared to CNY3,430,372,592.47 in the same period last year. Net profit attributable to shareholders was CNY345,342,532.73, up 1.56% from CNY340,051,551.20. Basic earnings per share also saw a slight rise, reaching 0.161, compared to 0.158. Operating cash flow jumped 53.08% to CNY1,019,667,873.77. The company attributed the revenue growth to increases in shipping capacity. Total assets reached CNY40,178,436,533.31 and net assets attributable to shareholders reached CNY16,410,229,715.30, up 15.03% and 30.42% respectively.