COSCO SHIPPING Development (601866) Q4 2025 earnings summary

Executive summary

• Achieved revenue of RMB 25.20 billion in 2025, down 8.78% year-over-year; net profit attributable to shareholders was RMB 1.61 billion, down 4.54% year-over-year.

• Adjusted net profit (excluding non-recurring items) rose 10.76% year-over-year to RMB 1.54 billion.

• Proposed final dividend of RMB 0.15 per 10 shares, with total annual dividend of RMB 0.37 per 10 shares.

• Maintained robust business in container manufacturing, shipping leasing, and container leasing, with continued focus on green and digital transformation.

Financial highlights

• Operating income: RMB 25.20 billion, down 8.78% year-over-year.

• Net profit attributable to shareholders: RMB 1.61 billion, down 4.54% year-over-year.

• Adjusted net profit: RMB 1.54 billion, up 10.76% year-over-year.

• Operating cash flow: RMB 5.19 billion, down 22.61% year-over-year.

• Total assets: RMB 131.59 billion, up 4.13% from previous year.

• Net assets: RMB 30.79 billion, up 1.63% from previous year.

• Basic and diluted EPS: RMB 0.1214, down 2.57% year-over-year.

Outlook and guidance

• 2026 expected to see continued global economic uncertainty and supply chain restructuring.

• Company will focus on high-end container R&D, digital transformation, and green shipping assets.

• Plans to strengthen core business, expand global presence, and enhance value creation for shareholders.