COSCO SHIPPING Technology names new general manager, reports Q3 earnings

COSCO SHIPPING Technology has announced the resignation of Mr. Wang Xinbo as general manager due to work adjustments. He will retain his positions as chairman, director, and member of various board committees. Ms. Lin Yaowen has been appointed as the new general manager, with her term effective from the board's approval until the current board's tenure ends. Ms. Lin holds 117,960 shares in the company, while Mr. Wang holds 150,240 shares.

Concurrently, the company released its Q3 2025 financial report. Q3 operating revenue increased by 10.65% to 410 million yuan, though year-to-date operating revenue saw a 3.85% decrease to 1.198 billion yuan. Net profit attributable to shareholders decreased by 88.57% in Q3 to 3.44 million yuan, and year-to-date by 90.65% to 13.27 million yuan. The board also approved the 2026 employee recruitment plan and the election of new directors for the Eighth Board of Directors, with the shareholder meeting scheduled for November 18, 2025.