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China Merchants Energy Shipping boosts shareholder returns and strengthens operations

August 27, 2025 at 05:13 PM UTCBy FilingReader AI

China Merchants Energy Shipping, under its "special action for quality improvement, efficiency enhancement, and significant shareholder returns" initiative for 2024-2026, announced a 2025 interim dividend of 0.07 yuan per share, totaling 565,217,695.14 yuan. This payout, combined with share repurchases of 310,546,652.65 yuan, represents 41.22% of the company's first-half net profit. The company also announced plans to maintain its per-share distribution for future capital changes.

The company's first-half 2025 operating revenue reached 12,584,631,566.78 yuan, with a net profit attributable to shareholders of 2,124,568,286.95 yuan. This reflects a continued focus on improving operational quality, fleet expansion, and advancing green and smart shipping technologies. The company is actively developing a digital smart chain platform and investing in sustainable shipping solutions, including dual-fuel VLCCs and carbon monitoring.

Additionally, China Merchants Energy Shipping plans to acquire 100% equity in Shenzhen Taiziwan Commercial Storage and Development Co., Ltd. for 715,518,000 yuan to secure self-use office space. The transaction, classified as a related-party transaction requiring shareholder approval, aims to consolidate employee workspaces in Shenzhen.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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