Qingdao Port International Co (6198) H1 2026 earnings summary

Executive summary

• Revenue rose 10.8% year-over-year to RMB10,456 million, driven by strong container handling and logistics growth.

• Net profit attributable to shareholders decreased 2.8% to RMB2,762 million, mainly due to lower non-recurring gains.

• Excluding non-recurring items, net profit attributable to shareholders increased 2.1% year-over-year.

• Gross profit margin improved by 1.96 percentage points to 41.28%.

Financial highlights

• Total profit was RMB3,924 million, up 0.1% year-over-year.

• Basic EPS was RMB0.43, down RMB0.01 from the prior year; EPS excluding non-recurring gains/losses was RMB0.42, up RMB0.01.

• Return on total assets was 4.42%, down 0.43 percentage points; weighted average return on net assets was 5.86%, down 0.61 percentage points.

• Net cash inflow from operating activities reached RMB3,295 million, up RMB536 million year-over-year.

• Interim dividend of RMB907.9 million (RMB1.399 per 10 shares) approved, representing 33% of net profit attributable to shareholders.

Outlook and guidance

• Focus on capacity expansion, efficiency, digital transformation, and green energy initiatives in H2 2026.

• Plans to enhance shipping network, inland port expansion, and AI-driven operational upgrades.

• Continued emphasis on risk management, governance, and compliance.