COSCO SHIPPING (1919) Q1 2026 earnings summary

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.