Antong Holdings profit surges 231% as largest shareholder emerges

Antong Holdings reported net profit of CNY 512 million for the first half of 2025, a 231% increase year-on-year, with total assets reaching CNY 14.5 billion.

China National Shipping increased its shareholding to 13.80%, becoming the largest shareholder, with plans for further investment.

The company terminated a proposed share issuance to acquire stakes in China Merchants Energy Shipping's container and ro-ro businesses, citing unaligned terms and market changes.