COSCO SHIPPING Development (601866) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 5.42 billion, up 9.68% year-over-year, with net profit attributable to shareholders at RMB 480 million, a 7.56% increase year-over-year.

• Excluding non-recurring items, net profit attributable to shareholders surged 105.52% year-over-year, driven by higher container sales and improved manufacturing efficiency.

Financial highlights

• Operating cash flow increased 41.20% year-over-year to RMB 502 million.

• Basic and diluted EPS both rose to RMB 0.0360, up 9.09% year-over-year.

• Total assets grew 2.81% from year-end 2024 to RMB 129.92 billion.

• Shareholders’ equity increased 1.11% to RMB 30.63 billion.

Outlook and guidance

• Profit growth attributed to market expansion and cost efficiency measures, with container manufacturing business showing significant improvement.