HK Stock Market Move | Sinotrans Limited (00598) rose over 6% in the afternoon, with a year-on-year increase of 17.33% in mid-term net profit excluding non-recurring items. The agency business benefits from the high prosperity of international logistics.

Sinotrans Limited (00598) rose over 6% in the afternoon, and as of the time of writing, it is up 6.1%, trading at HK$4.78 with a transaction volume of HK$20.418 million. In terms of news, Sinotrans Limited recently announced its mid-year results for 2026, reporting revenue of approximately 45.452 billion yuan, a year-on-year decrease of 8.06%; net profit attributable to shareholders of the listed company was about 1.725 billion yuan, a year-on-year decrease of 11.4%; the net profit excluding non-recurring items was approximately 1.64 billion yuan, a year-on-year increase of 17.33%; basic earnings per share were 0.2404 yuan, and cash dividends per share were 0.14 yuan (gross). The announcement stated that the growth in net profit excluding non-recurring items was primarily due to the company deeply cultivating key industry clients, providing customized solutions around their supply chain changes, extending service chains, and enhancing cost control, with all major segments achieving significant growth in segment profit. CICC pointed out that in the first half of 2026, revenue from agency services increased by 1% year-on-year to 29.9 billion yuan, while operating profit rose by 18% year-on-year to 1.43 billion yuan, with operating profits for sea freight, air freight, and rail freight agency operations increasing year-on-year by 10%, 89%, and 581% respectively, to 560 million, 90 million, and 140 million yuan. In the first half of the year, air and sea freight rates rose significantly, with some transport demand spilling over to rail; at the same time, the company strengthened internal product synergy, achieving an increase in both volume and profit.