Qingdao Port International Co (6198) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 rose 4.04% year-over-year to RMB9,434 million, driven by growth in container handling and ancillary services.

• Net profit attributable to shareholders increased 7.6% year-over-year to RMB2,842 million, mainly due to higher container business volume and optimized business policies.

• Gross profit increased 9.8% to RMB3,709 million, reflecting improved profitability in container handling.

• Container throughput rose 7.6% to 17.03 million TEUs, and total cargo throughput increased 2.0% to 361.49 million tons.

Financial highlights

• Basic earnings per share was RMB0.44, up 7.32% year-over-year.

• Weighted average return on net assets was 6.47%, and return on total assets was 4.85%.

• Interest coverage ratio improved to 61.95 times, and current ratio rose to 1.99.

• Interim dividend of RMB1.466 per ten shares (tax inclusive) proposed, totaling RMB951.6 million.

• Net cash inflow for the period was RMB3,233 million, with operating activities contributing RMB2,759 million.

Outlook and guidance

• The Group will focus on strengthening its hub center, expanding emerging cargo types, and upgrading port facilities.

• Emphasis on intelligent and green development, digitalized services, and supply chain innovation.

• Continued reforms to enhance safety, quality, and efficiency, aiming for sustainable growth.