COSCO SHIPPING (1919) Q3 2026 earnings summary

Executive summary

• Q3 operating revenue reached RMB75.692bn, up 29.39% YoY; attributable net profit rose 80.73% to RMB17.230bn.

• 9M container shipping volume and revenue per TEU both increased YoY, while operational efficiencies improved.

• Strategy centered on container shipping, global expansion, full-chain integration, digitalization and green transition.

Financial highlights

• 9M operating revenue was RMB187.614bn, up 11.94% YoY; total profit was RMB40.773bn, up 10.51%.

• 9M net profit was RMB34.943bn; attributable net profit was RMB30.649bn, up 13.22% YoY.

• Q3 EBIT was RMB23.185bn and net profit RMB19.243bn; 9M EBIT was RMB42.811bn.

• 9M basic and diluted EPS were RMB2.01, each up 15.52% YoY.

Segment performance

• Container shipping volume totaled 21.491m TEUs in 9M, up 6.47% YoY; self-operated fleet reached 610 vessels with ~3.66m TEUs capacity at September-end.

• Group container-route revenue was RMB165.283bn in 9M, up 11.38%; Trans-Pacific revenue rose 19.15% and Asia-Europe revenue 10.82%.

• Container shipping business revenue was RMB180.593bn; EBIT RMB36.294bn and net profit RMB29.813bn in 9M.

• Container shipping EBIT margin was 20.10%, down 0.55 percentage points YoY; international revenue per TEU was US$1,342.77, up from US$1,229.60.

• Terminal throughput was 122.424m TEUs in 9M, up 8.07%; controlled-terminal volume rose 2.46% and non-controlled-terminal volume 9.67%.