Shanghai International Port (Group) Co Ltd (600018) H2 2024 earnings summary

Executive summary

• 2024 marked a pivotal year for achieving strategic goals, focusing on stable progress, innovation, and market expansion amid global economic headwinds and geopolitical tensions.

• Container throughput exceeded 50 million TEUs, setting a new historical record and ensuring stable core port operations.

Financial highlights

• Revenue reached RMB 379.2 billion, up 1.0% year-over-year.

• Operating profit rose 8.1% to RMB 175.3 billion compared to the same period last year.

• Net profit attributable to shareholders increased 10.6% to RMB 146.0 billion year-over-year.

• Basic EPS was RMB 0.63, up 10.5% year-over-year.

• Weighted average ROE improved by 0.2 percentage points to 11.4%.

Outlook and guidance

• Continued focus on high-quality, sustainable development and strategic partnerships to maintain growth momentum.