COSCO SHIPPING Development (601866) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB 13.62 billion, up 11.10% year-over-year; net profit attributable to shareholders was RMB 1.00 billion, up 3.09% year-over-year.

• Basic EPS was RMB 0.0761, up 4.39% year-over-year; interim dividend of RMB 0.22 per 10 shares declared.

• Cash flow from operating activities increased 47.14% year-over-year to RMB 1.89 billion.

• The company continued to strengthen its core businesses: container manufacturing, shipping leasing, and container leasing, with significant growth in high-value and green products.

Financial highlights

• Operating income: RMB 13.62 billion (+11.10% YoY); net profit attributable to shareholders: RMB 1.00 billion (+3.09% YoY).

• Operating cash flow: RMB 1.89 billion (+47.14% YoY); total assets: RMB 139.40 billion (+5.93% from year-end 2025).

• Basic and diluted EPS: RMB 0.0761 (+4.39% YoY); net assets per share: RMB 2.38.

• Interim dividend: RMB 0.22 per 10 shares (total payout: RMB 289 million).

• Net debt ratio: 257.47%, down 6.05 percentage points from year-end 2025.

Outlook and guidance

• The company expects continued volatility in global trade and shipping markets in H2 2026, with ongoing focus on high-value, green, and digital transformation.

• Strategic priorities include deepening integration of industrial and financial operations, expanding international presence, and enhancing sustainable development.