COSCO SHIPPING Development (601866) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 5.99 billion, up 10.49% year-over-year, while net profit attributable to shareholders fell 14.01% to RMB 413 million due to lower container prices and a high base last year.

• Container manufacturing segment saw a year-over-year decline in performance, but overall company results improved sequentially from the previous quarter.

• The company continued to strengthen its core competitiveness in production, finance, and investment, with stable performance in other core business segments.

Financial highlights

• Operating income: RMB 5.99 billion, up 10.49% year-over-year.

• Total profit: RMB 447 million, down 27.60% year-over-year.

• Net profit attributable to shareholders: RMB 413 million, down 14.01% year-over-year.

• Basic and diluted EPS: RMB 0.0314, down 12.78% year-over-year.

• Net cash flow from operating activities: RMB 492 million, down 1.92% year-over-year.

Outlook and guidance

• The company aims to drive high-quality development through digital and low-carbon initiatives and continues to focus on shareholder returns, including ongoing A+H share buybacks.