Ningbo Zhoushan Port (601018) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached RMB 22.88 billion, up 4.7% year-over-year.

• Net profit attributable to shareholders for the same period was RMB 3.87 billion, down 5.5% year-over-year.

• Q3 net profit attributable to shareholders dropped 31.7% compared to the same quarter last year, mainly due to a one-time gain from a subsidiary restructuring in 2024.

Financial highlights

• Q3 revenue was RMB 7.97 billion, up 7.9% year-over-year.

• Q3 net profit attributable to shareholders was RMB 1.28 billion, down 31.7% year-over-year.

• Operating cash flow for the first nine months was RMB 9.73 billion, up 32.3% year-over-year.

• Basic and diluted EPS for the first nine months were RMB 0.199, down 5.7% year-over-year.

Outlook and guidance

• No explicit forward-looking guidance provided, but the report notes the absence of other significant operational reminders.