Shanghai International Port (Group) Co Ltd (600018) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 reached ¥29.95 billion, up 3.18% year-over-year, while Q3 revenue grew 12.96% compared to the same quarter last year.

• Net profit attributable to shareholders for the first nine months was ¥11.27 billion, down 4.56% year-over-year; Q3 net profit fell 4.77% year-over-year.

• Cash flow from operating activities for the first nine months was ¥9.85 billion, a 32.05% increase year-over-year, mainly due to higher cash receipts from sales and lower tax payments.

Financial highlights

• Total assets as of September 30, 2025, were ¥220.95 billion, up 4.19% from the end of 2024.

• Shareholders’ equity attributable to listed company shareholders was ¥140.03 billion, up 5.04% from year-end 2024.

• Basic EPS for the first nine months was ¥0.4852, down 4.64% year-over-year.

• Gross margin and operating profit margin remained stable, with operating costs rising in line with revenue.

Outlook and guidance

• Management did not provide explicit forward-looking guidance but highlighted improved cash flow and stable asset growth.