COSCO SHIPPING Holdings Co., Ltd. achieved a net profit attributable to shareholders of RMB 13.419 billion in the first half of this year.

China COSCO Shipping Corporation Limited (abbreviated as COSCO SHIPPING Holdings) released its 2026 semi-annual report today.

In the first half of this year, global merchandise trade remained resilient overall. However, factors such as geopolitical risks, trade policy uncertainties, market supply and demand fluctuations, and high fuel prices intertwined, posing multiple challenges to the global shipping industry's operational safety, supply chain stability, and cost management.

In the face of a complex and volatile external environment, COSCO SHIPPING Holdings strengthened market analysis, dynamically optimized global resource allocation, innovatively promoted digital and green transformation, continuously enhanced global service capabilities and operational efficiency, maintained industry-leading performance, and demonstrated strong development resilience.

Operating performance remained leading. In the first half of this year, the company achieved operating revenue of RMB 111.922 billion, a year-on-year increase of 2.59%; earnings before interest and taxes (EBIT) of RMB 19.626 billion; net profit of RMB 15.7 billion; and net profit attributable to shareholders of the listed company of RMB 13.419 billion. In the second quarter alone, net profit attributable to shareholders of the listed company was RMB 7.542 billion, a quarter-on-quarter increase of 28.33%.

Main business achieved dual growth. During the reporting period, the container shipping business completed a cargo volume of 14.2795 million TEUs, a year-on-year increase of 7.52%, and achieved revenue of RMB 107.298 billion, a year-on-year increase of 2.38%. The controlled terminals completed a throughput of 16.8936 million TEUs, a year-on-year increase of 2.50%, and achieved revenue of RMB 6.327 billion, a year-on-year increase of 8.30%.

Financial position remained stable. During the reporting period, COSCO SHIPPING Holdings generated a net cash inflow of RMB 23.33 billion from operating activities. As of June 30, the company's asset-liability ratio further decreased to 41.01%.

Maintained a stable dividend policy. Following the distribution of a year-end cash dividend of RMB 6.718 billion for 2025 on June 26, the board of directors announced today a mid-year cash dividend of RMB 0.43 per share (tax included) for 2026, accounting for approximately 49% of the net profit attributable to shareholders of the listed company.

Actively safeguarded shareholder interests. After announcing a new round of share repurchase plans on July 6, the company actively carried out share repurchase activities. As of August 14, including previous rounds of repurchases, the company had cumulatively repurchased 305 million A shares and 643 million H shares, spending approximately RMB 10.961 billion (excluding transaction fees), effectively protecting shareholder interests.

Since the beginning of this year, COSCO SHIPPING Holdings has continued to promote the integrated development of "container shipping + ports + related logistics," solidifying the foundation of its shipping business, enhancing full-chain service capabilities, accelerating digital and green transformation, and striving to build a stable, efficient, resilient, and risk-resistant global supply chain network.

Optimized global channel network, strengthening the foundation for resilient services. COSCO SHIPPING Holdings adhered to a customer-oriented approach, continuously optimizing the global route network layout, enhancing trunk and feeder connections and regional connectivity. Centered on key hub ports such as Piraeus, Abu Dhabi, Yangpu, and Qianhai, the company accelerated the construction of an efficient land-sea integrated global logistics channel network. This year, the company launched the Qianhai CHX3 feeder route and the Southeast Asia-South Asia SIS2 route, upgraded the Yangpu-Haiphong direct route and the Far East-South Africa trunk route, significantly expanding its ability to connect global trade in markets such as Latin America, Southeast Asia, and Africa. It also iteratively upgraded the China-Europe land-sea express Iberian rail-sea intermodal system and the Western Land-Sea New Corridor rail-sea intermodal routes, creating convenient channels for enterprises to access global markets directly from inland regions. In response to tensions in the Middle East, the company leveraged the safety ports along the Gulf of Oman and the core hub port of Abu Dhabi to establish an alternative transportation network featuring "direct trunk routes + bonded land bridges + feeder distribution," ensuring stable logistics in the Middle East region. Collaborating with Ocean Alliance members, the company launched the DAY10 product, offering 42 premium routes and over 500 direct port-to-port services, supported by full-chain land-sea guarantees, providing enterprises with one-stop stable shipping solutions, earning market recognition, and solidifying its market position. During the reporting period, cargo volumes on trans-Pacific, Asia-Europe, intra-Asia, and mainland China routes achieved significant growth of 9.72%, 12.44%, 5.34%, and 9.97%, respectively.

Steadily developed fleet size, proactively adapting to market changes. In recent years, due to the dispersion of global trade flows, ongoing geopolitical conflicts, structural congestion at ports and terminals, and increasingly stringent environmental policies, the shipping industry has required more capacity to maintain stable supply chain operations. To seize the initiative amidst changes, COSCO SHIPPING Holdings has steadily advanced fleet expansion through a combination of leasing and construction. As of the end of July 2026, the company's self-operated container fleet comprised 606 vessels with a capacity of approximately 3.66 million TEUs. The company's total capacity, including orders, exceeded 5.3 million TEUs. Among these, the company has retrofitted and newly ordered 70 new energy-powered vessels with a capacity of 1.22 million TEUs, of which 9 have already been put into operation. Today, COSCO SHIPPING Holdings announced the order of 12 new 22,000-TEU LNG dual-fuel-powered vessels and 6 new 3,200-TEU wide-body container vessels. Once operational, these vessels will further consolidate the company's competitive advantage in the Europe-America trunk market, expand into emerging and regional markets, enhance supply chain risk resistance, provide long-term stable capacity resources, and lay the foundation for capacity renewal and iteration.

Enhanced full-chain service capabilities, precisely responding to enterprise needs. COSCO SHIPPING Holdings focused on scaling full-chain business development, deepening the construction of "full-chain products, full-chain sales, full-chain operations, and full-chain customer service," accelerating the improvement of domestic and international supply chain resource networks, and enhancing supply chain service capabilities. In the first half of the year, the company concentrated on the needs of key regions and enterprises, actively promoting differentiated full-chain product development, full-chain marketing service network construction, and the improvement of integrated ship-container-cargo service efficiency. Overseas and domestic railway, warehousing, and customs services maintained rapid growth, while service capabilities in key industries such as automotive, wind power, chemicals, and cross-border e-commerce continued to improve. The full-chain product system was continuously refined, and comprehensive service capabilities steadily increased. For home appliance customers with concentrated factory shipments, the company tailored an integrated logistics solution from China to Europe, covering domestic land transportation, international shipping, and European end-point delivery with full-process visual management. Through a new model of overseas pre-positioned warehouses and integrated port-warehouse operations, the company significantly shortened order delivery cycles, enhancing delivery stability and customer inventory flexibility during peak seasons. During the reporting period, the company's digital supply chain business scale steadily grew, with the container shipping business segment achieving RMB 24.09 billion in supply chain revenue beyond maritime transport, a year-on-year increase of 11.61%.

Accelerated digital and green transformation, continuously improving service quality. COSCO SHIPPING Holdings expedited the deep integration of digital technologies with production and operations, continuously enhancing operational efficiency and customer service capabilities, and committed to building an integrated digital and green operational system. In terms of digitalization, a global end-to-end digital full-chain service system has taken shape, with a significant increase in usage rates at the front line and client side. Newly launched AI multimodal "Smart Supply Chain Manager" and "Big Order" platforms address customer pain points in full-chain operations, creating a one-stop operation, fully visible processes, and order-level settlement digital service system, effectively reducing collaboration costs and making supply chain management more efficient. Platforms such as the Supply Chain Control Tower and Cargo Shield intelligent hazardous goods transportation safety management have continuously enhanced the company's full-chain management capabilities, fortifying supply chain security. Following the successful release of the ISO blockchain electronic bill of lading international standard, the company introduced the world's first electronic bill of lading linkage product and China's first blockchain electronic bill of lading for maritime cargo transportation. Over 1 million electronic bills of lading have been issued and circulated, marking a new milestone in the standardization and scaling of electronic bill of lading applications, significantly improving the efficiency of international trade document circulation. In terms of green and low-carbon transformation, the company actively developed full-chain green products covering shipping, ports, land transportation, and warehousing by deeply exploring customer needs and leveraging COSCO SHIPPING's resources across various fields, striving to build a new ecosystem of green services for full-chain transportation.

Looking ahead to the second half of the year, the container shipping market will see a mix of opportunities and challenges. On one hand, global trade volume is expected to continue moderate growth, with emerging and regional markets remaining key growth engines for the global container shipping industry. During the "new and old growth drivers transition" window, new technologies such as artificial intelligence, advanced manufacturing, and energy transition are also fostering new trade growth drivers, creating new incremental opportunities for the shipping market. On the other hand, escalating geopolitical tensions, intensified tariff policies by major economies, and the reshaping of global trade development patterns demand greater flexibility in liner services and supply chain resilience. Meanwhile, the accelerated iteration of artificial intelligence technology is deeply empowering the optimization and upgrading of industrial and supply chains, setting higher standards for digital delivery and intelligent operations in the shipping industry. Against this backdrop, the container shipping industry has entered a new phase of competition emphasizing systematic, full-chain, digital, and resilient comprehensive strength.

To this end, COSCO SHIPPING Holdings will focus on the development vision of "high-quality construction of a world-class digital supply chain enterprise centered on container shipping," adhere to a customer-oriented approach, and firmly pursue globalization, scaling, full-chain integration, digitalization, greening, and integration. The company will actively embrace innovation and change, advance the pre-deployment of FDE engineers, deeply empower market expansion, customer service, and technology development, coordinate global resource optimization, precisely match market changes and customer needs, and accelerate the construction of an optimal global full-chain intelligent decision-making and operational system, continuously forging new value creation capabilities, and steadily strengthening global competitiveness for the future.