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COSCO SHIPPING (1919) investor relations material
COSCO SHIPPING Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for Q1 2026 was RMB 51.80 billion, down 10.63% year-over-year due to lower market freight rates and decreased operational efficiency in container shipping.
Net profit attributable to equity holders fell 49.75% year-over-year to RMB 5.88 billion, reflecting challenging market conditions and lower revenue per TEU.
EBIT for the Group was RMB 8.76 billion, a 47.14% decrease year-over-year.
Financial highlights
Total assets at March 31, 2026, were RMB 486.02 billion, up 0.47% from year-end 2025.
Owners' equity attributable to equity holders increased 1.47% to RMB 235.69 billion.
Net cash flows from operating activities were RMB 11.12 billion, down 26.14% year-over-year.
Basic and diluted EPS were RMB 0.38, down 48.65% year-over-year.
Outlook and guidance
The Group is focusing on emerging markets, digital supply chain development, and innovation to address market volatility and geopolitical risks.
Continued efforts to optimize global network layout and marketing strategies to support supply chain stability.
- Revenue and profit fell in 2025, but cash flow and green investments remained robust.1919
H2 202520 Mar 2026 - Net profit surged 106% on robust shipping demand, digital growth, and green investments.1919
H2 202417 Feb 2026 - Net profit jumped 73% on 20% revenue growth, with strong shipping and terminal results.1919
Q1 202517 Feb 2026 - Revenue and profit fell sharply, but throughput and shareholder returns increased.1919
Q3 202517 Feb 2026 - Revenue and profit rose, with robust shipping volumes and digital, green transformation focus.1919
H1 202517 Feb 2026 - Revenue and profit rose on higher shipping volumes; interim dividend declared.1919
H1 202413 Feb 2026 - Net profit and revenue soared in 2024, supported by strong shipping volumes and higher rates.1919
Q3 202413 Jun 2025
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