Core Viewpoint - China COSCO Shipping Holdings Co., Ltd. reported a mid-year performance for 2025, showing a revenue increase of 7.78% year-on-year, reaching 109.099 billion RMB, and a net profit attributable to shareholders of 17.528 billion RMB, up 3.9% year-on-year [1] Financial Performance - Revenue for the reporting period was 109.099 billion RMB, reflecting a year-on-year increase of 7.78% [1] - Net profit attributable to shareholders was 17.528 billion RMB, representing a year-on-year growth of 3.9% [1] - Basic earnings per share were reported at 1.12 RMB, with an interim dividend proposed at 0.56 RMB per share [1] Business Operations - The container shipping business completed a total of 13.2809 million TEUs (Twenty-foot Equivalent Units), marking a year-on-year increase of 6.59% [1] - The terminal business achieved a total throughput of 74.296 million TEUs, which is a year-on-year increase of 6.35% [1] Fleet Development - The company is advancing its fleet's scale, structure, and modernization in line with global development trends, with a self-operated container fleet now comprising 557 vessels and a total capacity exceeding 3.4 million TEUs [1] - The company holds new ship orders with a capacity of 910,000 TEUs, maintaining a leading position in the industry [1] Green Initiatives - The company is accelerating the structural upgrade of its green fleet through new ship construction and technological retrofitting, having ordered 42 new methanol dual-fuel vessels with a capacity of 780,000 TEUs [1] - The first domestic methanol dual-fuel container ship, "COSCO Shipping Yangpu," has successfully completed its maiden voyage, marking a significant step in the full supply chain of methanol fuel from production to transportation and refueling [1]

Core Viewpoint - COSCO Shipping Holdings (中远海控) reported a mid-year performance for 2025, showing a revenue increase of 7.78% year-on-year, reaching 109.099 billion RMB, and a net profit attributable to shareholders of 17.528 billion RMB, up 3.9% year-on-year [1] Financial Performance - Revenue for the period was 109.099 billion RMB, reflecting a year-on-year growth of 7.78% [1] - Net profit attributable to shareholders was 17.528 billion RMB, representing a 3.9% increase compared to the previous year [1] - Basic earnings per share were reported at 1.12 RMB, with an interim dividend proposed at 0.56 RMB per share [1] Business Operations - The container shipping business achieved a total of 13.2809 million TEUs (Twenty-foot Equivalent Units) in bill of lading volume, marking a year-on-year increase of 6.59% [1] - The terminal business recorded a total throughput of 74.296 million TEUs, which is a 6.35% increase year-on-year [1] Fleet Development - The company is advancing its fleet's scale, structure, and modernization in line with global development trends, with a self-operated container fleet now comprising 557 vessels and a total capacity exceeding 3.4 million TEUs [1] - The company holds new ship orders with a capacity of 910,000 TEUs, maintaining a leading position in the industry [1] Green Initiatives - The company is accelerating the structural upgrade of its green fleet through both new ship construction and technological retrofitting, having ordered 42 new methanol dual-fuel vessels with a total capacity of 780,000 TEUs [1] - The first domestic methanol dual-fuel container ship, "COSCO Shipping Yangpu," has successfully completed its maiden voyage, marking a significant step in establishing a complete supply chain for methanol fuel from production to transportation and refueling [1]

Core Viewpoint - The announcement by Kaichuang International regarding the construction of two tuna purse seine fishing vessels signifies a strategic move to upgrade its fleet and enhance operational capabilities in the fishing industry [1][3]. Group 1: Contract Details - Kaichuang International's wholly-owned subsidiary, Kaichuang Ocean Fishing, signed contracts with Fujian Mawei Shipbuilding Co., Ltd. for the construction of two tuna purse seine fishing vessels, with a unit price of 183.75 million yuan, totaling 367.5 million yuan [1]. - The payment for the contracts is structured in six installments, starting with a 20% advance payment of 36.75 million yuan [1]. - One of the contracts becomes effective immediately upon meeting certain conditions, while the other can be activated within 80 working days after signing [2]. Group 2: Delivery and Arbitration - The delivery dates for the two vessels are set for March 14, 2027, and April 14, 2027, with potential extensions based on contract terms [2]. - Any disputes arising from the contracts will first be addressed through negotiation, and if unresolved, will be submitted to the Shanghai branch of the China Maritime Arbitration Commission [2]. Group 3: Company Overview and Financials - Kaichuang Ocean Fishing is the only subsidiary of Kaichuang International, primarily engaged in deep-sea fishing, seafood processing, and related trade, operating a fleet of 12 large tuna purse seiners and 2 large trawler processing vessels [3]. - In 2024, Kaichuang Ocean Fishing achieved a revenue of 1.2 billion yuan and a net profit of 5.74 million yuan [3]. - The construction of the new vessels is expected to replace aging ships, significantly improving safety and fishing technology, thereby enhancing the overall profitability of Kaichuang International [3].