COSCO SHIPPING Development plans to apply to the Shanghai Stock Exchange and the China Securities Regulatory Commission for the registration and issuance of corporate bonds, with a total size not exceeding 6 billion yuan. The bonds will have a term of no more than 10 years and may be a single or a mix of multiple maturity types. After deducting issuance costs, the raised funds are intended for repaying interest-bearing debts, supplementing working capital, and project construction and operation. In the first quarter of 2026, the company achieved revenue of 5.986 billion yuan and net profit attributable to the parent company of 413 million yuan.
Cosco Shipping Development Co LtdCompany plans to issue up to 6 billion yuan in corporate bonds to refinance debt and fund operations, improving financial flexibility.