HK Stock Market Move | CSSC SHIPPING (03877) rose over 4% in the morning; the mid-term profit attributable to shareholders increased by 10.6% year-on-year, benefiting from the upswing in the tanker market.

CSSC SHIPPING (03877) rose over 4% in the morning session, and as of the time of publication, it increased by 3.62% to HKD 2.29, with a transaction volume of HKD 18.9893 million. On the news front, CSSC SHIPPING recently released its performance report for the six-month period ending June 30, 2026, with revenues of HKD 1.911 billion, a year-on-year decrease of 5.3%; net profit attributable to shareholders was HKD 1.222 billion, a year-on-year increase of 10.6%; and basic earnings per share were HKD 0.197. The announcement stated that the decline in operating income was mainly due to the settlement of several financing lease projects that expired last year and early buybacks by customers, which led to a lower interest income base; the growth in net profit during this period was primarily driven by: firstly, the uptrend in the tanker market influenced by geopolitical factors, resulting in a significant increase in profit contributions from joint ventures; secondly, the group capitalized on the high price window to dispose of vessels, resulting in asset appreciation gains; thirdly, continuous optimization of the financing structure, leading to a decrease in financial costs that positively contributed to the group's profits. In addition, the group's non-performing asset ratio remained low, maintaining overall asset quality robust.