Marine Ports & Services

Shanghai International Port Group released its 2026 interim report. Total operating revenue was 21.429 billion yuan, up 9.50% year-on-year, and net profit attributable to the parent company was 8.519 billion yuan, up 5.97% year-on-year. Net cash inflow from operating activities was 6.946 billion yuan, up 10.52% year-on-year, marking a second consecutive year of growth. The company's asset-liability ratio was 31.55%, gross margin was 36.73%, return on equity was 5.81%, and diluted earnings per share was 0.37 yuan. The number of shareholders was 161,900, and the top ten shareholders held 88.63% of the total share capital.

Shanghai International Port Group disclosed its 2026 semi-annual report on August 28. In the first half, it achieved total operating revenue of 21.429 billion yuan, up 9.50% year on year; net profit attributable to the parent company was 8.519 billion yuan, up 5.97% year on year; non-GAAP net profit was 7.778 billion yuan, up 5.55% year on year; and net cash flow from operating activities was 6.946 billion yuan, up 10.52% year on year. The company plans to distribute a cash dividend of 0.5 yuan per 10 shares, tax included, to all shareholders. As of the close on August 27, the company's price-to-earnings ratio on a trailing twelve-month basis was about 8.59 times, its price-to-book ratio was about 0.82 times, and its price-to-sales ratio on a trailing twelve-month basis was about 2.91 times. The company's main business is divided into four segments: containers, bulk and general cargo, port logistics, and port services.

Nanjing Port released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 535 million yuan, up 5.73% year on year. Net profit attributable to the parent company was 102 million yuan, up 13.84% year on year. Net profit after deducting non-recurring items was 99 million yuan, up 14.63% year on year. Net cash flow from operating activities was 181 million yuan, a sharp year-on-year increase of 33.10%. Container loading, unloading and related services remained the core revenue source, contributing 397 million yuan, or 74.18% of total revenue, up 2.52% year on year, with a gross margin of 48.41%, up 2.64 percentage points year on year. The oil, gas and chemical segment posted revenue of 130 million yuan, accounting for 24.27% of the total, up 23.92% year on year, with a gross margin of 47.77%, down slightly by 1.14 percentage points year on year. The segment handled 10.0684 million tons of cargo, up 35.13% year on year. The company said the earnings growth was mainly driven by higher throughput in the container and oil, gas and chemical segments. A 23.31% year-on-year decline in financial expenses also made a positive contribution, but investment income decreased year on year.

Tangshan Port released its 2026 interim report, with total operating revenue of 2.987 billion yuan, up 15.18% year-on-year; net profit attributable to the parent company was 1.008 billion yuan, up 13.97% year-on-year. Net cash inflow from operating activities was 1.105 billion yuan, up 25.49% year-on-year. The company's asset-liability ratio was 8.88%, gross margin was 49.75%, ROE was 4.73%, and diluted earnings per share was 0.17 yuan. The number of shareholders was 52,200, and the top ten shareholders held 69.35% of total share capital.

Nanjing Port released its 2026 interim report. Total operating revenue was 535 million yuan, up 5.73% from the same period last year, marking five consecutive years of growth. Net profit attributable to the parent company was 102 million yuan, up 13.84% year on year, achieving three consecutive years of growth. Net cash inflow from operating activities was 181 million yuan, up 33.10% from a year earlier. The company's asset-liability ratio was 22.66%, gross margin was 49.03%, return on equity was 2.88%, and diluted earnings per share was 0.21 yuan. The number of shareholders was 35,000, and the top ten shareholders held 68.75% of total share capital.

Nanjing Port disclosed its 2026 semi-annual report on August 27. In the first half, it achieved total operating revenue of 535 million yuan, up 5.73% year on year; net profit attributable to the parent company was 102 million yuan, up 13.84% year on year; net profit after deducting non-recurring items was 99.1953 million yuan, up 14.63% year on year; and net cash flow from operating activities was 181 million yuan, up 33.10% year on year. Basic earnings per share were 0.209 yuan, and the weighted average return on equity was 2.93%. As of the end of the first half, the company's fixed assets decreased by 2.33% compared with the end of the previous year, notes receivable and accounts receivable increased by 45.31%, and non-current liabilities due within one year decreased by 50.26%. The company mainly provides loading, unloading and storage services for crude oil, refined oil, liquid chemical products and general cargo, as well as container-related business.

Tangshan Port disclosed its 2026 semi-annual report on August 27. In the first half of the year, it achieved total operating revenue of 2.987 billion yuan, up 15.18% year-on-year; net profit attributable to the parent company was 1.008 billion yuan, up 13.97% year-on-year; net profit after deducting non-recurring items was 1.006 billion yuan, up 15.20% year-on-year; and net cash flow from operating activities was 1.105 billion yuan, up 25.49% year-on-year. Basic earnings per share were 0.1702 yuan, and the weighted average return on equity was 4.63%, up 0.42 percentage points year-on-year. As of the end of the first half, the company's current ratio was 5.85 and its quick ratio was 5.77.

Chongqing Port has disclosed its 2026 semi-annual report. In the first half, net profit attributable to the parent reached 24.666 million yuan, up 333.86% year on year. Operating revenue was 2.031 billion yuan, down 9.94% year on year, mainly due to external market shocks affecting its trading business. Net profit after deducting non-recurring items was 20.2374 million yuan, up 1,860.47% year on year. The core port and shipping business improved significantly in quality and efficiency, with cargo throughput of 37.286 million tonnes, up 6.8% year on year, container throughput of 767,000 TEUs, up 9.3%, and passenger throughput of 310,000, up 44.2%.

Lianyungang released its 2026 interim report, with net profit attributable to the parent company of 75.6576 million yuan, up 35.83% from the same period last year. Total operating revenue was 1.297 billion yuan, up 5.31% year-on-year; net cash inflow from operating activities was 617 million yuan, up 2.87% year-on-year. The company's latest asset-liability ratio was 57.74%, down 1.15 percentage points from the previous quarter; latest gross margin was 23.44%, and latest ROE was 1.80%, up 0.43 percentage points from the same period last year. Diluted earnings per share were 0.06 yuan, up 50.00% year-on-year.

Guangzhou Port released its 2026 interim report on August 25, 2026. Total operating revenue was 6.564 billion yuan, and net profit attributable to the parent company was 556 million yuan, an increase of 4.1658 million yuan from the same period last year, up 0.76% year on year. Net cash inflow from operating activities was 1.828 billion yuan. The latest asset-liability ratio was 53.31%, down 0.66 percentage points from the previous quarter and down 0.24 percentage points from the same period last year. The latest gross margin was 24.18%, up 1.68 percentage points from the same period last year. The latest return on equity was 2.57%, and diluted earnings per share rose 1.37% year on year. The latest total asset turnover was 0.12 times, inventory turnover was 8.47 times, the number of shareholders was 60,900, and the top ten shareholders held 6.507 billion shares, accounting for 86.25% of the total share capital.

Lianyungang disclosed its 2026 half-year report. In the first half, it achieved operating revenue of 1.297 billion yuan, up 5.31 percent year on year. Net profit attributable to shareholders of the listed company was 75.6576 million yuan, up 35.83 percent year on year. Basic earnings per share were 0.06 yuan. The company plans to distribute a cash dividend of 0.3 yuan per 10 shares, tax included. The increase in operating revenue during the reporting period was mainly due to higher throughput and higher revenue from loading, unloading and related businesses.

Tianjin Port released its 2026 interim report, with net profit attributable to the parent company of 677 million yuan, an increase of 174 million yuan compared with the same period last year, up 34.54% year on year. The company's total operating revenue was 5.364 billion yuan, and net cash inflow from operating activities was 1.211 billion yuan, up 10.67% year on year. The latest asset-liability ratio was 24.49%, down 1.99 percentage points from the same period last year; gross margin was 38.02%, up 10.19 percentage points year on year; ROE was 3.31%, up 0.75 percentage points year on year. Diluted earnings per share were 0.23 yuan, up 35.29% year on year.

Tianjin Port disclosed its 2026 half-year report. Net profit attributable to the parent company in the first half reached 677 million yuan, up 34.54% year on year. Operating revenue for the same period was 5.364 billion yuan, down 13.18% year on year, with basic earnings per share of 0.23 yuan. Cargo throughput in the first half reached 234 million tonnes, up 2.18% year on year, achieving 50.54% of the annual operating plan of 463 million tonnes.

Tianjin Port disclosed its 2026 semi-annual report. In the first half of the year, net profit attributable to the parent company was 677 million yuan, up 34.54% year-on-year. Total operating revenue for the same period was 5.364 billion yuan, down 13.18% year-on-year. Net profit after deducting non-recurring items was 674 million yuan, up 26.05% year-on-year. Net cash flow from operating activities was 1.211 billion yuan, up 10.67% year-on-year. Basic earnings per share during the reporting period were 0.23 yuan, and the weighted average return on equity was 3.33%, up 0.76 percentage points year-on-year.

Beibu Gulf Port released its 2026 interim report, with net profit attributable to the parent company of 558 million yuan, an increase of 26.9995 million yuan compared with the same period last year, up 5.09% year-on-year. The company's total operating revenue was 3.586 billion yuan, up 0.84% year-on-year, achieving five consecutive years of growth. Net cash inflow from operating activities was 1.296 billion yuan. The latest asset-liability ratio was 43.52%, and the gross margin was 31.56%, up 1.08 percentage points from the previous quarter. The company's diluted earnings per share was 0.23 yuan, with 87,800 shareholders. The top ten shareholders held 66.66% of the total share capital.

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.

Chongqing Port announced that the company plans to repurchase shares through centralized competitive bidding for an amount between 20 million and 30 million yuan, to safeguard company value and shareholder interests. The repurchase price will not exceed 5.96 yuan per share. Meanwhile, the company's indirect controlling shareholder, Chongqing Logistics Group, plans to increase its shareholding through centralized competitive bidding, with the increase amount not less than 20 million yuan and not more than 30 million yuan, including the 3.0334 million yuan already increased on July 28. This increase plan does not set a price range.

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.

Xiamen Port Development disclosed its earnings forecast, expecting net profit attributable to the parent of 338 million to 378 million yuan in the first half of 2026, compared with a profit of 370 million yuan in the same period last year. Deducted non-recurring net profit is expected to be 243 million to 271 million yuan, compared with 114 million yuan a year earlier. The earnings growth is mainly due to the completion of a major asset restructuring during the reporting period, with the 70% equity stake in Terminal Group transferred and consolidated into the financial statements on February 27, 2026. The company's main business structure has been optimized and its scale expanded, making it a comprehensive port logistics service provider covering container terminals, bulk and general cargo terminals, and integrated supply chain services.

Zhuhai Port announced plans to sell all of its shares in International Composites, totaling 97.1246 million shares, representing 2.58% of the target company's total share capital. This stake originated from a pre-IPO capital increase investment in International Composites, with an initial investment cost of 190 million yuan. Based on the closing price on July 10, the current holding corresponds to a market value of approximately 3.668 billion yuan, resulting in a substantial floating profit on the entire equity investment. International Composites is a high-tech enterprise focused on the research, development, production, and sale of glass fiber and related products. It listed on the ChiNext board in December 2023 at an issue price of 2.66 yuan per share. In the first quarter of 2026, the company's net profit attributable to the parent reached 270 million yuan, close to the full-year profit level of 2025. Driven by the strengthening of the electronic fabric concept, the stock price has surged over 441% year-to-date, hitting an all-time high of 54.08 yuan per share intraday on June 26. The purpose of this sale is to focus on core business development, optimize the company's asset structure, and improve capital allocation efficiency. The proceeds can be used for dividends, core business investments, and debt repayment.

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.

Zhuhai Port released its 2026 semi-annual report on the evening of August 28. During the reporting period, it achieved operating revenue of 2.159 billion yuan, down 3.96 percent year on year, and net profit attributable to shareholders of the listed company of 162 million yuan, down 6.33 percent year on year. Facing a complex and challenging domestic and international economic environment, the company focused on its two core businesses of port and shipping logistics and new energy, keeping overall operations stable. In the first half of the year, the port and shipping logistics segment completed cargo throughput of 31.9737 million tonnes, up 18.56 percent year on year. Among its operations, Xinghua Port expanded its energy storage container export business, with throughput up 8.32 percent year on year; Ganghong Terminal consolidated its iron ore base, with throughput up 10.20 percent year on year; and Wuzhou Port deepened its core business, with throughput up 115.11 percent year on year. In the new energy segment, total installed wind power capacity attributable to the company reached 470,000 kilowatts, with eight wind farms generating 349 million kilowatt-hours of grid-connected electricity. Total installed photovoltaic capacity under controlling ownership reached 140.74 megawatts, generating 72.1747 million kilowatt-hours of electricity, up 56.85 percent year on year. Its controlled listed subsidiary Xiujiang Co., Ltd. advanced construction of its Thailand plant and now has product production capability, achieving a net profit of 59.996 million yuan in the first half of the 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.

Guangzhou Port announced that in July 2026, it expects to handle 2.337 million TEUs of container throughput, up 1% year-on-year, and 50.74 million tonnes of cargo throughput, up 3% year-on-year. In the first seven months of this year, the company expects to handle 16.26 million TEUs of container throughput, up 3.5% year-on-year, and 344.632 million tonnes of cargo throughput, up 2.6% year-on-year.