Hainan Strait Shipping Co., Ltd. announced that its wholly-owned subsidiary, COSCO Shipping Ferry Co., Ltd., recently received a government grant of 103 million yuan. The grant is related to income and accounts for 59.25% of the company's audited net profit attributable to shareholders of the listed company for 2025. The company stated that, in accordance with relevant provisions of the Accounting Standards for Business Enterprises, the grant will be recognized as other income and included in the current profit and loss for 2026, which will have a positive impact on the company's operating performance in 2026. The above data is unaudited, and the specific accounting treatment is subject to the results confirmed by the auditor's annual audit.
Hainan Strait Shipping Co LtdWholly-owned subsidiary receives 103 million yuan government grant, boosting 2026 earnings.
COSCO SHIPPING Holdings Co Ltd