COSCO SHIPPING (1919) investor relations material

Executive summary

• Revenue for H1 2026 rose 2.6% year-over-year to RMB111.92 billion, while net profit attributable to equity holders fell 23.6% to RMB13.39 billion due to higher costs and lower other income.

• EBIT for the period was RMB19.59 billion, with an EBIT margin of 14.15%, down from 20.52% in H1 2025.

• Interim dividend of RMB0.43 per share declared, representing about 49% payout of net profit.

• The company continued to expand its fleet, optimize global routes, and invest in digital and green transformation.

Financial highlights

• Container shipping revenue increased 2.4% to RMB107.30 billion; terminal business revenue grew 8.3% to RMB6.33 billion.

• Operating costs rose 6.1% to RMB91.99 billion, mainly from higher voyage and vessel costs.

• Net cash from operating activities was RMB23.33 billion, down 9.5% year-over-year.

• Cash and cash equivalents stood at RMB140.84 billion at period end.

Outlook and guidance

• Management expects continued market volatility due to geopolitical risks, supply-demand imbalances, and cost pressures.

• Focus remains on digitalization, green transformation, and strengthening global supply chain services.