Ningbo Marine Co Ltd

Ningbo Marine released its 2026 interim report, with net profit attributable to the parent company at negative 9.3956 million yuan, a loss narrowed by 29.838 million yuan compared with the same period last year. The company's total operating revenue was 1.92 billion yuan, up 65.99% year-on-year, achieving growth for two consecutive years. Net cash inflow from operating activities was 177 million yuan. The latest asset-liability ratio was 24.33%, gross margin was 5.58%, and ROE was negative 0.24%.

Ningbo Marine disclosed its earnings forecast, expecting an attributable net loss of 5 million to 10 million yuan for the first half of 2026, compared with a loss of 39.2336 million yuan in the same period last year. Deducted non-recurring net profit is projected at 16 million to 24 million yuan, versus a loss of 39.2957 million yuan a year earlier. The company's main businesses are waterway cargo transport and toll road operations. The waterway cargo transport segment benefited from persistently high coastal bulk freight rates in China from mid-March to mid-June 2026, leading to a significant year-on-year increase in gross profit. The toll road segment saw a slight decline in gross profit. Overall, gross profit from main operations rose substantially, turning the deducted non-recurring net profit from loss to profit. However, due to stock market fluctuations, the half-year fair value of the company's investment in the Zhejiang Zheneng Green Energy Equity Investment Fund fell sharply from the beginning of the year, resulting in an attributable net loss.