Beibuwan Port Co Ltd

Ningbo Ocean Shipping has completed its 2026 private placement of A-shares to specific investors, raising total proceeds of approximately 1.086 billion yuan. Controlling shareholder Ningbo Zhoushan Port and strategic investor Beibu Gulf Port each subscribed to half of the offering, with subscription amounts of about 543 million yuan each, for a total of 145.4 million shares issued. After the completion of this issuance, Ningbo Zhoushan Port and its subsidiary Zhoushan Port Affairs together hold 77.90 percent of Ningbo Ocean Shipping, and the Zhejiang Provincial State-owned Assets Supervision and Administration Commission remains the company's actual controller. The raised funds will be fully invested in container ship acquisition projects and container acquisition projects, with the ship acquisition project planning to add four 2,700 TEU container ships mainly serving Southeast Asian market routes. Ningbo Ocean Shipping and Beibu Gulf Port have signed a strategic cooperation agreement, under which the two sides will jointly open foreign trade routes and cooperate to build a multimodal transport product linking Beibu Gulf Port, Ningbo Zhoushan Port, and the world. In 2025, the company achieved operating revenue of 6.107 billion yuan, up 15.86 percent year on year, and net profit attributable to shareholders of the listed company of 654 million yuan, up 18.12 percent year on year.

Beibu Gulf Port released its 2026 interim report, with net profit attributable to the parent company of 558 million yuan, up 5.09% from the same period last year. The company's total operating revenue was 3.586 billion yuan, up 0.84% year on year, marking five consecutive years of growth. Net cash inflow from operating activities was 1.296 billion yuan, down 10.43% from the same period last year. The company's latest asset-liability ratio was 43.52%, gross margin was 31.56%, and diluted earnings per share was 0.23 yuan.