COSCO SHIPPING Ports Announces 2026 Interim Results with Revenue of US$905 Million

en.Wedoany.com Reported - COSCO SHIPPING Ports Limited (COSCO SHIPPING Ports, HKEX: 1199, hereinafter referred to as "COSCO SHIPPING Ports" or "CSP") announced its interim results for the six months ended June 30, 2026, of the Company and its subsidiaries (collectively, the "Group"). During the period, the Company recorded revenue of US$905,344,000, representing a year-on-year increase of 12.3%; gross profit of US$239,507,000, up 9.3% year-on-year; and profit attributable to equity holders of the Company of US$233,672,000, up 28.5% year-on-year. The Group's total throughput reached 80,157,047 TEU, up 7.9% year-on-year (74,295,971 TEU in the first half of 2025); total equity throughput reached 24,492,008 TEU, up 7.0% year-on-year (22,879,575 TEU in the first half of 2025). An interim dividend of 2.360 US cents per share was declared.

Among which, total throughput of controlled terminals reached 16,893,574 TEU, up 2.5% year-on-year (16,482,018 TEU in the first half of 2025), accounting for 21.1% of total throughput; total throughput of non-controlled terminals reached 63,263,473 TEU, up 9.4% year-on-year (57,813,953 TEU in the first half of 2025), accounting for 78.9% of total throughput. In terms of equity throughput, equity throughput of controlled terminals reached 9,941,962 TEU, up 2.6% year-on-year (9,691,543 TEU in the first half of 2025), accounting for 40.6% of total equity throughput; equity throughput of non-controlled terminals reached 14,550,046 TEU, up 10.3% year-on-year (13,188,032 TEU in the first half of 2025), accounting for 59.4% of total equity throughput.

By region, total throughput of terminals in China reached 59,019,217 TEU, up 4.7% year-on-year (56,390,125 TEU in the first half of 2025), accounting for 73.6% of the Group's total throughput; total equity throughput reached 16,915,369 TEU, up 4.8% year-on-year (16,136,373 TEU in the first half of 2025), accounting for 69.1% of total equity throughput. In the Bohai Rim region, total throughput reached 27,483,548 TEU, up 6.4% year-on-year (25,835,742 TEU in the first half of 2025), accounting for 34.3% of the total; equity throughput reached 6,989,982 TEU, up 6.0% year-on-year (6,594,957 TEU in the first half of 2025), accounting for 28.5%. Driven by growing investment demand in artificial intelligence, exports of high-tech products grew steadily. Dalian Container Terminal Co., Ltd. recorded total throughput of 2,695,849 TEU, up 4.8% year-on-year (2,572,124 TEU in the first half of 2025).

In the Yangtze River Delta region, total throughput reached 8,684,169 TEU, up 3.6% year-on-year (8,379,156 TEU in the first half of 2025), accounting for 10.8% of the total; equity throughput reached 2,558,738 TEU, up 6.2% year-on-year (2,408,543 TEU in the first half of 2025), accounting for 10.5%. Wuhan CSP Terminal Co., Ltd. (hereinafter referred to as "CSP Wuhan Terminal") continued to consolidate its advantage as a rail-water intermodal hub and expand its Yangtze River feeder network, recording total throughput of 198,577 TEU, up 34.6% year-on-year (147,515 TEU in the first half of 2025). In the Southeast Coast and other regions, total throughput reached 2,704,696 TEU, down 2.8% year-on-year (2,783,306 TEU in the first half of 2025), accounting for 3.4% of the total; equity throughput reached 2,131,636 TEU, up 3.0% year-on-year (2,070,554 TEU in the first half of 2025), accounting for 8.7%. Xiamen Ocean Gate Container Terminal Co., Ltd. strengthened its terminal hub capabilities and introduced new shipping routes, recording total throughput of 1,366,387 TEU, up 6.8% year-on-year (1,279,547 TEU in the first half of 2025).

In the Pearl River Delta region, total throughput reached 15,577,680 TEU, up 6.5% year-on-year (14,633,421 TEU in the first half of 2025), accounting for 19.4% of the total; equity throughput reached 4,237,042 TEU, up 4.6% year-on-year (4,052,292 TEU in the first half of 2025), accounting for 17.3%. Driven by demand from emerging markets such as Southeast Asia, Guangzhou South China Oceangate Container Terminal Company Limited introduced multiple new shipping routes, recording total throughput of 3,221,826 TEU, up 7.4% year-on-year (3,001,192 TEU in the first half of 2025). In the Southwest Coast region, total throughput reached 4,569,124 TEU, down 4.0% year-on-year (4,758,500 TEU in the first half of 2025), accounting for 5.7% of the total; equity throughput reached 997,971 TEU, down 1.2% year-on-year (1,010,027 TEU in the first half of 2025), accounting for 4.1%, mainly affected by market fluctuations and changes in cargo mix.

Total throughput of overseas terminals reached 21,137,830 TEU, up 18.0% year-on-year (17,905,846 TEU in the first half of 2025), accounting for 26.4% of the total; equity throughput reached 7,576,639 TEU, up 12.4% year-on-year (6,743,202 TEU in the first half of 2025), accounting for 30.9%. Piraeus Container Terminal Single Member S.A. (hereinafter referred to as "Piraeus Terminal") recorded total throughput of 1,995,150 TEU, down 2.9% year-on-year (2,054,895 TEU in the first half of 2025), mainly due to weak demand in the Mediterranean market and adverse weather conditions. CSP Abu Dhabi Terminal L.L.C. (hereinafter referred to as "CSP Abu Dhabi Terminal") recorded total throughput of 442,977 TEU, down 44.3% year-on-year (795,758 TEU in the first half of 2025), affected by geopolitical tensions in the Middle East. COSCO SHIPPING Ports Chancay PERU S.A. (hereinafter referred to as "CSP Chancay Terminal") advanced corridor development and deepened operational synergy with the parent company's dual-brand model, achieving a network of three trunk routes and five feeder routes in the first half of the year, with total throughput of 201,773 TEU, up 68.2% year-on-year (119,945 TEU in the first half of 2025).

The Company stated that in the first half of 2026, the global shipping market faced dual pressures of shipping route network restructuring and narrowing profitability. The Company maintained operational resilience by deepening lean operations management, optimizing resource allocation, and streamlining business processes. International institutions, including the World Bank Group and the International Monetary Fund, have successively downgraded global economic growth forecasts: the World Bank expects global economic growth to slow from 2.9% in 2025 to 2.5% in 2026, while the International Monetary Fund has revised its 2026 global growth forecast down to 3%, reflecting the impact of Middle East tensions. Against this backdrop, the Chinese economy demonstrated strong resilience. According to data from the General Administration of Customs of China, in the first half of the year, China's total goods import and export value reached RMB 25.47 trillion, up 16.9% year-on-year; of which exports reached RMB 14.73 trillion, up 13.4% year-on-year; imports reached RMB 10.74 trillion, up 22.1% year-on-year. Trade with emerging markets such as ASEAN and Latin America continued to deepen, and the share of high value-added products such as electric vehicles, lithium batteries, and photovoltaic products steadily increased.

The Company stated that in the face of rising external uncertainties, it will continue to uphold high-quality development as the top priority, optimize the allocation of global terminal network resources with a customer-centric approach, accelerate investment in emerging markets, regional markets, and third-country markets, seek controlling stakes in strategic hubs, and take minority stakes in key gateway ports when market conditions permit. The Company will improve the layout of trunk and feeder route networks, promote terminal interconnectivity, strengthen the route network through precision marketing, continuously introduce new shipping routes and secure more port calls, while accelerating the development of port logistics parks and extended supply chain services to create integrated resource synergies. The Company will enhance the service capabilities of key hubs including CSP Wuhan Terminal, Piraeus Terminal, CSP Abu Dhabi Terminal, and CSP Chancay Terminal, improve emergency response plans and information-sharing mechanisms in response to the evolving geopolitical situation in the Middle East, optimize feeder networks and multimodal transport corridors, and provide more reliable port logistics services to regional customers. In terms of green and low-carbon development, the Company will actively cultivate new quality productive forces in the port and shipping industry, advance full-process terminal automation, deepen the application of technologies such as artificial intelligence, accelerate digital transformation, extend traditional cargo handling operations toward integrated logistics services, develop integrated "shipping + port + logistics" service products, improve the energy management platform, expand the use of clean energy, and participate in the development of the green fuel supply chain.