Guangzhou Port forecasts lower 2026 related-party transactions, amends competition commitment

Guangzhou Port Company Limited's 2025 third extraordinary general meeting of shareholders will address significant financial forecasts for 2026. The company anticipates total routine related-party transactions for 2026 to be 47,700 million yuan, a decrease from the 62,000 million yuan projected for 2025. For the first ten months of 2025, actual related-party transactions reached 33,757 million yuan, representing 54.45% of the annual forecast.

Further details reveal that the projected related-party transactions with China COSCO Shipping Group Co., Ltd. and its controlled subsidiaries for 2026 are expected to be 176,350 million yuan. This figure is an increase from the 173,000 million yuan projected for 2025. The actual transactions with this group for the first ten months of 2025 were 110,794 million yuan, or 64.04% of the 2025 forecast. The discrepancy for 2025 was primarily attributed to lower-than-expected fuel procurement.

Additionally, the meeting will consider a proposal from the controlling shareholder, Guangzhou Port Group Co., Ltd., to amend its commitment letter regarding the avoidance of horizontal competition. The proposed changes aim to better align with the company's principal business activities and are intended to support international and domestic dual-circulation channels while safeguarding the company's strategic port resources.