Phoenix Shipping sails into profit after significant H1 2025 turnaround

Phoenix Shipping (Wuhan) Co., Ltd. has published its 2025 semi-annual report summary, detailing a significant improvement in its financial performance. The company reported a net profit of 1,230,196.78 yuan for the first half of 2025, a substantial turnaround from a net loss of 14,911,974.77 yuan in the same period last year, marking a 108.25% increase. Operating income for the period was 343,685,354.20 yuan, despite a 30.86% decrease from the previous year, primarily due to a reduction in non-vessel operating common carrier business.

The board of directors and supervisory committee approved the 2025 semi-annual report on August 29, 2025. This approval included no cash dividends, bonus shares, or capital increase from provident funds. The company's basic earnings per share also improved to 0.0012 yuan from a negative 0.0147 yuan. Total assets increased by 3.01% to 681,278,834.46 yuan, and net assets attributable to shareholders rose by 0.26% to 459,942,806.15 yuan. The positive shift in profitability was attributed to the company's efforts to reduce loss-making operations, improve vessel efficiency, and enhance cost control measures.