Ningbo Zhoushan 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.

The first batch of demonstration cases under the Shanghai Stock Exchange's Quality and Efficiency, Return Enhancement 2.0 special initiative has been released, with more than 10 Shanghai-listed companies setting quantitative targets around core indicators such as revenue, profit, R&D, output, buybacks, and dividends, and disclosing specific plans. These companies include CRRC, Guangxi Guiguan Electric Power, Ningbo Zhoushan Port, Eastroc Beverage, Jinshi Resources, Sepax Technologies, Anhui Heli, Haier Biomedical, Jiangsu Expressway, Laobaixing Pharmacy, and Jointown Pharmaceutical. Among them, Ningbo Zhoushan Port has set a 2026 cargo throughput target of 1.25 billion tonnes and a container throughput target of 57.65 million TEU, both up from 2025 levels. Sepax Technologies, using 2025 as the base year, has proposed a 25% revenue growth target and a 33% net profit growth target for 2026. Haier Biomedical aims to raise the share of overseas revenue from 36% in 2025 to above 50% within three years, and to lift the contribution of M&A revenue from 30% to above 40%. Raising dividend payout ratios, increasing dividend frequency, and implementing shareholding increases and buybacks have also become common choices for many companies. Jinshi Resources and Haier Biomedical, among others, have rolled out three-year shareholder return plans covering 2026 to 2028. Ningbo Zhoushan Port, Guangxi Guiguan Electric Power, and Eastroc Beverage have respectively proposed 2026 dividend payout ratios of no less than 65%, 70%, and 80%. Jiangsu Expressway has specified a change from one dividend per year to two dividends per year, and Anhui Heli plans to increase dividend frequency through measures such as interim dividends. In addition, several companies have set quantitative targets for increasing the frequency and forms of investor communication, and have formulated ESG-specific goals and implementation paths. Ningbo Zhoushan Port has also proposed governance-related targets such as independent directors spending no fewer than 15 days on-site in 2026.

Ningbo Port announced that it has received the Acceptance of Registration Notice from the National Association of Financial Market Institutional Investors. The registered amount for ultra-short-term financing notes is 3 billion yuan, and the registration quota is valid for two years from the date of the notice. The company may issue the notes in tranches within the registration validity period. Previously, Ningbo Port's 2025 annual shareholders' meeting had approved a proposal for a total debt financing quota of 40 billion yuan for 2026. The 3 billion yuan ultra-short-term financing notes registered this time are part of that overall quota.

Ningbo Port announced that in the first half of 2026, it expects cumulative container throughput to reach 27.691 million TEUs, an increase of 8.7% year-on-year. Cumulative cargo throughput is expected to reach 607.297 million tonnes, up 1.1% year-on-year. In June alone, the company expects container throughput of 4.663 million TEUs, up 2.6% year-on-year, and cargo throughput of 96.194 million tonnes, down 5.0% year-on-year.