COSCO Shipping Technology released its 2026 interim report, showing first-half net profit attributable to the parent of 16.13 million yuan, up 64.1% year on year. Operating revenue was 725 million yuan, down 8.02% year on year. Net profit attributable to the parent excluding non-recurring items was 8.24 million yuan, up 126.9% year on year. Net operating cash flow was negative 117 million yuan, an improvement of 41.3% year on year. Earnings per share were 0.0434 yuan. In the second quarter, operating revenue was 438 million yuan, up 3.5% year on year, and net profit attributable to the parent was 8.83 million yuan, up 65.9% year on year. As of the end of the second quarter, total assets were 3.052 billion yuan, up 1.0% from the end of the previous year, and net assets attributable to the parent were 1.66 billion yuan, up 0.3% from the end of the previous year. The company's main businesses include digital shipping and supply chain, and digital city and transport. During the reporting period it continued to advance business innovation, but overall revenue in the digital city and transport segment declined due to weaker customer demand. The company plans no cash dividend, no bonus shares, and no conversion of capital reserve into share capital.
COSCO SHIPPING Technology Co LtdNet profit attributable to parent up 64.1% YoY, with non-recurring profit up 126.9%.
