Qingdao Port International Co (6198) H2 2025 earnings summary

Executive summary

• Revenue for 2025 was RMB18,806 million, down 0.7% year-over-year, mainly due to declines in liquid bulk cargo and logistics segments.

• Net profit attributable to shareholders reached RMB5,272 million, up 0.7% year-over-year, driven by growth in container handling.

• Gross profit margin improved to 36.7%, up 1.2 percentage points from the prior year.

• Total profit was RMB7,129 million, a 0.9% increase year-over-year.

• The Board proposed a final dividend of RMB2,242 million, representing 43% of net profit attributable to shareholders.

Financial highlights

• Gross profit rose to RMB6,895 million, up 2.7% year-over-year.

• Weighted average return on net assets was 11.95%, down 0.70 percentage points year-over-year.

• Return on total assets was 8.85%, down 0.47 percentage points year-over-year.

• Interest coverage ratio increased to 55.01 times; current ratio improved to 2.30 times.

• Net cash inflow for the year was RMB539 million.

Outlook and guidance

• Plans to consolidate container hub status in Northeast Asia, add at least 10 new shipping lines, and maintain leadership in pulp and copper concentrate imports.

• Focus on investment in port infrastructure, intelligent port development, and green initiatives.

• Emphasis on risk management, governance, and value creation for shareholders.