COSCO Shipping Development released its 2026 interim report, highlighting resilient growth across core businesses despite a complex global trade environment.

Financial Highlights (Six Months Ended 30 June 2026)

• Revenue: RMB 13.51 billion, up 11.14% year on year.

• Profit attributable to shareholders: RMB 1.00 billion, up 3.20%.

• Basic EPS: RMB 0.0761.

• Interim dividend: RMB 0.022 per share (cash outlay roughly RMB 288.91 million), maintaining the prior-year payout.

Segment Performance

• Container Manufacturing – Revenue rose 2.29% to RMB 11.11 billion on sales of 958,600 TEU (+13.35%). Special-container volume surged 117.31%, supported by “container+” customised offerings and expanded green products. Segment cost growth of 6.44% compressed margin.

• Shipping Leasing – Revenue declined 8.09% to RMB 962.39 million as finance-lease fleet size contracted 11.32%; operating-lease fleet expanded 6.25% to more than 240 vessels after delivery of ten new bulk and heavy-lift ships. Segment cost rose 3.43% on higher depreciation.

• Container Leasing – Revenue improved 5.17% to RMB 2.74 billion, driven by increased disposal of second-hand units. Costs climbed 14.10% to RMB 1.82 billion on higher sales volumes.

• Investment Management – Revenue held steady at RMB 16.01 million.

Cash Flow & Balance Sheet

• Operating cash inflow reached RMB 1.89 billion versus RMB 1.29 billion a year earlier.

• Net borrowing stood at RMB 78.05 billion; net gearing decreased 6.05 percentage points to 257.47%.

• Cash and cash equivalents totaled RMB 18.40 billion at period-end.

Capital & Shareholder Actions

• Completed third-round share buyback: 65.60 million shares repurchased for approximately RMB 137 million and subsequently cancelled.

• Maintained cash-dividend track record for an eighth consecutive year.

Strategic Progress

• Intelligent manufacturing: over 1,200 industrial robots deployed; DFIC Ningbo rated Level IV maturity in smart-factory standards.

• Green initiatives: launched ECO CON container line; delivered nearly 1 million TEU of green containers and obtained China’s first Hi-ECO electric-vessel certificate with partners.

• Digitalisation: upgraded iFlorens container-leasing platform; rolled out data-driven pricing and one-way logistics models.

Outlook

Management anticipates continued market volatility but expects digital, intelligent and low-carbon initiatives, together with industry-finance synergies, to sustain high-quality growth for the remainder of 2026. A ship-building programme for fifteen 210,000 DWT bulk carriers, valued at about RMB 7.92 billion, was signed in July to expand the clean-fuel-ready fleet.