Core Viewpoint - Zhujiang Shipping (00560) reported a significant decline in its mid-term performance for 2025, with a notable drop in both revenue and profit attributable to shareholders, reflecting the challenging external market conditions and industry changes [1] Financial Performance - The company recorded a revenue of HKD 1.315 billion, representing a year-on-year decrease of 5.3% [1] - Profit attributable to shareholders was HKD 26.662 million, down 60.3% compared to the previous year [1] - Basic earnings per share stood at HKD 0.0238 [1] Industry Context - The global trade environment has been adversely affected by escalating trade tensions, geopolitical conflicts, and increased economic uncertainty, complicating the recovery of global trade activities [1] - The shipping industry in Hong Kong is experiencing a downturn, with container handling volumes at multi-year lows [1] - The ongoing slump in the real estate market in mainland China has negatively impacted the sand and bulk cargo market [1] - The opening of the Shenzhen-Zhongshan Bridge last year has improved transportation connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area, leading to a diversion effect on cross-border passenger flow [1] - Changes in external market conditions and industry transformations have significantly impacted the company's freight logistics and waterborne cross-border passenger services [1]
珠江船务(00560)发布中期业绩，股东应占溢利2666.2万港元，同比下降60.3%