Shanghai International Port (Group) Co Ltd (600018) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 10.28 billion, up 8.04% year-over-year, with net profit attributable to shareholders at RMB 4.01 billion, a 2.57% increase from the same period last year.

• Operating cash flow improved significantly, rising 15.56% year-over-year to RMB 3.34 billion.

Financial highlights

• Total assets at quarter-end were RMB 228.54 billion, up 3.07% from year-end 2025.

• Shareholders’ equity attributable to listed company shareholders rose 3.08% to RMB 145.28 billion.

• Basic EPS was RMB 0.1724, slightly higher than last year’s RMB 0.1723.

• Non-recurring profit and loss contributed RMB 82.66 million, mainly from asset disposals and government subsidies.

Key financial ratios and metrics

• Weighted average return on equity was 2.44%, down 0.06 percentage points year-over-year.

• Gross margin and operating margin remained stable, with operating profit up 7.53% year-over-year.