Shanghai International Port (Group) Co Ltd (600018) H1 2025 earnings summary

Executive summary

• Maintained global leadership in container throughput, with 27.07 million TEUs in H1 2025, up 6.1% year-over-year; total cargo throughput reached 297 million tons, up 1.2%.

• Revenue was RMB 19.57 billion, down 1.35% year-over-year; net profit attributable to shareholders was RMB 8.04 billion, down 4.47%.

• Cash flow from operating activities increased 46.75% year-over-year to RMB 6.29 billion.

• Interim dividend proposal: RMB 0.5 per 10 shares, totaling RMB 1.164 billion, pending shareholder approval.

Financial highlights

• Revenue: RMB 19.57 billion, down 1.35% year-over-year.

• Net profit attributable to shareholders: RMB 8.04 billion, down 4.47% year-over-year.

• Operating cash flow: RMB 6.29 billion, up 46.75% year-over-year.

• Total assets: RMB 222.53 billion, up 4.94% from year-end 2024.

• Basic EPS: RMB 0.3459, down 4.55% year-over-year.

• Adjusted net profit (excluding non-recurring items): RMB 7.37 billion, up 2.10% year-over-year.

Outlook and guidance

• Management expects continued external challenges from global trade volatility, geopolitical risks, and supply chain restructuring.

• Focus remains on core port operations, efficiency, digitalization, and green initiatives.

• Strategic projects and capacity expansion to support long-term growth.