COSCO Shipping Energy Transportation: Net profit in the first quarter was 2.173 billion yuan, a year-on-year increase of 206.74%

China COSCO Shipping Corporation announced that its revenue in the first quarter of 2026 was 73.03 billion yuan, a year-on-year increase of 26.92%; net profit was 21.73 billion yuan, a year-on-year increase of 206.74%. This is mainly due to the company maintaining a high position in the international oil transportation market this period, as well as seizing market opportunities and implementing lean management internally, resulting in an overall increase in efficiency.