COSCO Shipping Holdings (01919) announces profit growth, expecting a first quarter net profit attributable to shareholders of approximately 11.689 billion yuan, representing a year-on-year increase of approximately 73.04%.

COSCO Shipping Holdings (01919) announced that it expects the group to achieve a profit before interest and taxes (EBIT) of approximately RMB 16.571 billion for the reporting period (three months ending March 31, 2025), an increase of about 66.09% compared to the restated data of approximately RMB 9.977 billion for the same period in 2024; the group is also expected to achieve a net profit of approximately RMB 13.223 billion for the reporting period, an increase of about 72.13% compared to the restated data of approximately RMB 7.682 billion for the same period in 2024; the net profit attributable to the company's shareholders is expected to be approximately RMB 11.689 billion for the reporting period, an increase of about 73.04% compared to the restated data of approximately RMB 6.755 billion for the same period in 2024; and the net profit attributable to the company's shareholders after deducting non-recurring gains and losses is expected to be approximately RMB 11.637 billion for the reporting period, an increase of about 73.07% compared to the restated data of approximately RMB 6.724 billion for the same period in 2024. In the first quarter of 2025, global container volume continued to grow compared to the same period last year, and the average China Containerized Freight Index (CCFI) for export containers also increased year-on-year. In response to this, the company actively seized market opportunities, proactively dealt with risks and challenges, adhered to using the certainty of its own development to cope with the uncertainty of the external environment, constantly strengthened its foresight and systematic prediction of market trends, strived to optimize its global network layout and marketing strategy, effectively enhance customer service levels and global supply chain resilience, and promoted precision management within the enterprise. By continuously focusing on digital intelligence and the new track of green low-carbon development and continuously seeking innovation, the company not only stabilized its operating fundamentals but also significantly enhanced its core competitiveness. The business development achieved a good start with steady progress in 2025.