Ningbo Ocean Shipping Co. Ltd. A

Ningbo Ocean Shipping released its 2026 interim report. In the first half of the year, it achieved revenue of 3.445 billion yuan, up 17.66% year-on-year, with net profit attributable to shareholders of the listed company at 343 million yuan. As the largest container liner company in Zhejiang Province, the company operated 119 vessels as of the end of the first half, with total capacity of 1.86 million deadweight tonnes, up 10.3% year-on-year on a deadweight tonne basis. Container throughput exceeded 3.7 million TEUs, up 21% year-on-year, and the company added direct routes from Ningbo to Laem Chabang and extra sailings to Bangkok, launched an India route, and achieved a breakthrough in the South Asian market. Bulk cargo volume approached 15 million tonnes, achieving year-on-year growth. In August 2026, the company officially entered the roll-on roll-off shipping business, extending its route network to the European continent for the first time. In addition, the company steadily advanced a strategic-investor private placement, raising total proceeds of 1.086 billion yuan, all of which will be invested in container vessel and container procurement projects.

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.

Ningbo Ocean Shipping announced on August 12 that it recently received approval from the China Securities Regulatory Commission for its registration application to issue shares to specific investors. The approval marks regulatory clearance for the company's private placement, allowing it to proceed with the issuance in accordance with the law.