NBOSCO(SH:601022) Zhong Zheng Wang·2025-08-28 08:17Core Viewpoint - Ningbo Ocean achieved significant growth in revenue and net profit in the first half of 2025, reflecting its strong market position and operational efficiency [1][4]. Financial Performance - The company reported a revenue of 2.928 billion yuan, a year-on-year increase of 19.85% [1]. - Net profit attributable to shareholders reached 378 million yuan, up 36.46% year-on-year [1]. - The net profit excluding non-recurring items was 342 million yuan, representing a 33.72% increase [1]. Operational Highlights - Ningbo Ocean enhanced its core shipping business through "route network optimization and operational efficiency improvement," operating 41 routes with an average of over 139 sailings per week, covering 50 major ports domestically and internationally [2]. - The company completed a container transport volume of 3.117 million TEU, a year-on-year increase of 21.8% [2]. - In bulk cargo transport, the company handled 14.58 million tons, up 4.3% year-on-year [2]. Fleet Development - As of the end of the reporting period, the company operated 108 vessels, with a total capacity of 1.687 million deadweight tons and 94,000 TEU, showing a 12.0% increase in deadweight capacity and a 16.0% increase in TEU capacity year-on-year [3]. - The company ranked third among container shipping companies in mainland China and 24th globally [3]. - The fleet includes new environmentally friendly vessels, with two electric container ships under construction, recognized as part of a national green technology initiative [3]. Strategic Outlook - Despite global economic challenges, Ningbo Ocean aims to strengthen its market position by focusing on its core shipping business and expanding its service offerings [4]. - The company plans to enhance its "main line + branch line" business layout and pursue both international and domestic growth, aspiring to become a leading regional logistics service provider in Asia [4].