Core Viewpoint - China COSCO Shipping Development Co., Ltd. reported its mid-term results for 2025, showing positive growth in both operating income and net profit attributable to shareholders [1] Financial Performance - The operating income from continuing operations reached 12.159 billion RMB, representing a year-on-year increase of 4.29% [1] - The net profit attributable to shareholders was 970 million RMB, which is an increase of 8.36% compared to the previous year [1] - Basic earnings per share were reported at 0.0729 RMB [1] Dividend Announcement - The company proposed an interim dividend of 0.022 RMB per share [1]

Core Viewpoint - China COSCO Shipping Development Co., Ltd. (中远海发) announced a share repurchase plan for both A-shares and H-shares, aiming to enhance shareholder value and reduce registered capital [1] Group 1: A-share Repurchase Plan - The board approved a plan to repurchase A-shares under a general authorization framework, with a total repurchase amount ranging from 40 million to 80 million A-shares, representing approximately 0.3031% to 0.6062% of the total share capital as of August 29, 2025 [1] - The maximum repurchase price for A-shares is set at RMB 3.81 per share, with an estimated total fund requirement of RMB 152 million to RMB 305 million for the repurchase [1] - The specific number of A-shares to be repurchased, the proportion of total share capital, and the total amount will be determined based on subsequent implementation [1] Group 2: H-share Repurchase Arrangement - In addition to the A-share repurchase, the company plans to implement a repurchase arrangement for H-shares under the general authorization framework, in compliance with Hong Kong listing rules and applicable laws [1] - The H-share repurchase arrangement does not require approval from the company's shareholders' meeting [1]

创新驱动与数智化转型，成为公司高质量发展的重要引擎。产业链协同方面，公司在越南设立合资物流公司，并新增柬埔 寨金边全程联运服务，完善公司"端到端"服务链条。公司数智化建设加速推进，智能客服系统、船舶智能预配载算法、船代系 统等信息化项目陆续启动，通过前沿技术应用培育新质生产力，持续提升经营效率与管理能级。 （编辑 郭之宸） 运力规模的持续升级，为公司业务拓展提供坚实支撑。截至2025年6月30日，锦江航运经营船舶总数增至53艘，总运力达 5.8万TEU（标准集装箱），较去年同期增长0.6万TEU，根据Alphaliner数据，公司总运力位列世界集装箱班轮公司第35位、中 国大陆集装箱班轮公司第8位。今年上半年，"通响"轮、"通悦"轮两艘新船顺利交付并投入东南亚精品航线运营，进一步强化 区域航线运力配置。 今年上半年，公司航线网络布局在纵深与广度上实现双重突破。作为公司经营压舱石的东北亚与两岸间航线持续提质增 效，为业绩稳定提供核心支撑；东南亚"第二增长极"势能持续释放；新兴市场拓展同样取得重要进展，新开的华北、韩国-印巴 航线，以青岛、天津为枢纽辐射北方市场，覆盖巴基斯坦、印度等6国港口，实现南亚航线与华北地 ...

Core Viewpoint - The company reported a steady growth in revenue and net profit for the first half of 2025, amidst a complex global economic landscape, focusing on shipping logistics and sustainable development [1] Group 1: Financial Performance - The company achieved an operating income of 12.258 billion yuan, a year-on-year increase of 4.23% [1] - The net profit attributable to shareholders was 970 million yuan, reflecting a growth of 8.36% [1] - Basic earnings per share were reported at 0.0729 yuan [1] - The company announced an interim dividend of 0.22 yuan per 10 shares for 2025 [1] Group 2: Core Business Growth - The container manufacturing business generated an operating income of 10.963 billion yuan, up 12.07% year-on-year, with sales volume reaching 845,700 TEU, a 13.61% increase [2] - The container leasing business reported an operating income of 2.606 billion yuan, a slight increase of 1.16%, with a container fleet exceeding 4.1 million TEU [2] - The shipping leasing business generated an operating income of 1.047 billion yuan, with investments in 15 vessels, enhancing market competitiveness [3] Group 3: Innovation and Sustainability - The company made significant progress in smart transformation, with four factories recognized as "advanced-level" smart factories [4] - The company launched the world's first "Container CFP & EPD label" at the 2025 Shanghai International Carbon Expo, showcasing its commitment to sustainable development [4] - The company has been recognized for its sustainable practices, being included in the S&P Global "Sustainability Yearbook (China Edition)" for three consecutive years [5] Group 4: Shareholder Returns and Social Responsibility - The company has conducted two rounds of A+H share buybacks, totaling 350 million shares and approximately 510 million yuan, enhancing investment value [5] - The company is planning a third round of buybacks and has committed to a stable interim dividend policy [5] - The company is actively fulfilling its social responsibilities by supporting educational and infrastructure projects in Tibet [5] Group 5: Future Outlook - The company aims to embrace market changes, focusing on its core responsibilities and enhancing its competitive edge in shipping and finance [6]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 中 遠 海 運 發 展 股 份 有 限 公 司 COSCO SHIPPING Development Co., Ltd.* （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：02866） 海外監管公告 本公告乃根據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.10B條 規 定 而 作 出。 承董事會命 中遠海運發展股份有限公司 公司秘書 蔡 磊 2025年8月29日 於 本 公 告 刊 發 日 期，董 事 會 成 員 包 括 執 行 董 事 張 銘 文 先 生（董 事 長），非 執 行 董 事 梁 岩 峰 先 生、葉 承 智 先 生 及 張 雪 雁 女 士，以 及 獨 立 非 執 行 董 事 邵 瑞 慶 先 ...

Core Insights - The company reported a revenue of approximately RMB 11.573 billion for the six months ending June 30, 2025, representing a year-on-year decrease of about 2.5% [1] - The profit attributable to equity holders of the company was approximately RMB 1.894 billion, reflecting a year-on-year decline of about 29.0%, although there was a quarter-on-quarter increase of 61.0% from the first to the second quarter [1] - Basic and diluted earnings per share were both RMB 0.3971 [1] Fleet and Operations - As of June 30, 2025, the company owned and controlled a fleet of 157 oil tankers with a total deadweight tonnage of 23.448 million [1] - The company has invested in the construction of 87 LNG vessels, of which 52 are currently in operation, with a total capacity of 8.763 million cubic meters [1] - Additionally, the company has one chartered LNG vessel in operation with a capacity of 174,000 cubic meters [1] - The company also owns and controls 12 LPG carriers with a capacity of 126,000 cubic meters and 8 chemical tankers with a deadweight tonnage of 7.3 million [1]

Core Viewpoint - China COSCO Shipping Development Co., Ltd. (referred to as "COSCO Shipping Development") has approved a share buyback plan for A-shares, with a total buyback amount estimated between RMB 152.4 million and RMB 304.8 million, aiming to repurchase between 40 million to 80 million shares, which represents 0.3031% to 0.6062% of the total share capital [1][2]. Group 1: Buyback Plan Details - The buyback will be conducted through centralized bidding, with a maximum repurchase price set at RMB 3.81 per share, which is 150% of the average trading price over the previous 30 trading days [1]. - The funding for the buyback will come from the company's own funds and self-raised funds, and the repurchased shares will be used to reduce registered capital [1]. - The buyback period will last from the approval date by the shareholders' meeting until the end of the 2025 annual shareholders' meeting, which is expected to be held by June 30, 2026 [1]. Group 2: Impact on Share Structure - Following the buyback, the number of A-shares in circulation will decrease, while the number of H-shares will remain unchanged, leading to a reduction in total share capital [2]. - The indirect controlling shareholder, China COSCO Shipping Group Co., Ltd., and its concerted parties will see their shareholding percentage increase, but this will not change the control of the company or its listing status [2]. - As of June 30, 2025, the total assets of the company were RMB 130.288 billion, with net assets attributable to shareholders at RMB 30.618 billion, and cash holdings of RMB 10.939 billion. The maximum buyback amount represents 0.23% of total assets, 1.00% of net assets, and 2.79% of cash holdings [2]. Group 3: H-share Buyback and Risks - In addition to the A-share buyback, the company plans to implement a simultaneous buyback of H-shares without needing further approval from the shareholders' meeting [3]. - The A-share buyback plan is subject to approval by the shareholders' meeting, and if not approved, the plan cannot be executed [3]. - Potential risks include the stock price exceeding the buyback price limit, which may hinder the execution of the buyback plan, as well as significant changes in the company's operational, financial status, or regulatory environment that could impact the buyback [3].

Core Viewpoint - The report indicates that China COSCO Shipping Development Co., Ltd. (中远海发) has shown positive growth in revenue and net profit for the first half of 2025, reflecting a solid performance in its container manufacturing and leasing businesses [1] Financial Performance - The company achieved a revenue of 12.258 billion yuan, representing a year-on-year increase of 4.23% [1] - The net profit attributable to shareholders was 970 million yuan, with a year-on-year growth of 8.36% [1] - Basic earnings per share were reported at 0.0729 yuan [1] - A mid-year dividend of 0.22 yuan per 10 shares was declared for the 2025 fiscal year [1] Business Segments - The container manufacturing segment generated revenue of 10.963 billion yuan, marking a year-on-year increase of 12.07% [1] - Container sales reached 845,700 TEU, which is a 13.61% increase compared to the previous year [1] - The container leasing business reported revenue of 2.606 billion yuan, showing a modest growth of 1.16% [1] Strategic Initiatives - The company is accelerating its digital transformation and enhancing resource linkage in leasing and manufacturing [1] - It is optimizing its global container delivery network and product structure, with a focus on increasing the scale of refrigerated and special containers [1] - The company is committed to a major client strategy, strengthening cooperation with international leasing clients, and actively expanding new container leasing business [1] Green Transition and Innovation - The company is seizing opportunities for green and low-carbon transformation, enhancing financial and operational synergy [1] - It is focusing on providing specialized solutions for fleet development, including projects for 10 methanol and ammonia reserve bulk carriers, 4 asphalt carriers, and 1 LNG carrier [1] - The company aims to improve its multi-type vessel layout and strengthen ecological collaboration within the industry chain to maintain its competitive advantage [1]

Core Points - China Cosco Shipping Energy Transportation Co., Ltd. (中远海能) reported a mid-year performance for 2025, with a profit attributable to equity holders of approximately RMB 1.894 billion, representing a year-on-year decline of about 29.0% [1] - The company's revenue for the first half of 2025 was approximately RMB 11.573 billion, a decrease of about 2.5% compared to the previous year [1] Revenue Breakdown - The foreign trade tanker fleet generated transportation revenue of RMB 7.29 billion, down 5.5% year-on-year, with a gross profit of RMB 1.3 billion, a significant decrease of 48.9% year-on-year [1] - The domestic trade tanker fleet achieved transportation revenue of RMB 2.74 billion, also down 5.5% year-on-year, with a gross profit of RMB 670 million, a decline of 6.9% year-on-year [1] - The LNG transportation segment contributed a profit of RMB 424 million, an increase of 5.7% year-on-year [1] LPG and Chemical Transport Performance - The LPG fleet recorded transportation revenue of RMB 140 million, an increase of 26.5% year-on-year, with a gross profit of RMB 30 million, up 21.3% year-on-year [2] - The chemical tanker fleet generated transportation revenue of RMB 160 million, a decrease of 13.1% year-on-year, but achieved a gross profit of RMB 40 million, an increase of 7.0% year-on-year [2]

Core Insights - The company reported a revenue of approximately RMB 11.573 billion for the first half of 2025, representing a year-on-year decrease of about 2.5% [1] - The profit attributable to equity holders was approximately RMB 1.894 billion, down about 29.0% year-on-year, with earnings per share at 39.71 cents [1] Revenue Breakdown - The foreign trade tanker fleet generated transportation revenue of RMB 7.29 billion, a year-on-year decrease of 5.5%, with a quarter-on-quarter increase of 3.3% in Q2 [1] - The domestic trade tanker fleet achieved transportation revenue of RMB 2.74 billion, also down 5.5% year-on-year [1] - The LNG transportation segment contributed a profit of RMB 424 million, reflecting a year-on-year increase of 5.7% [1] - The LPG fleet completed transportation revenue of RMB 140 million, up 26.5% year-on-year, with a profit of RMB 30 million, an increase of 21.3% [1] Profitability Metrics - The gross profit from the foreign trade tanker fleet was RMB 1.3 billion, down 48.9% year-on-year, but showed a quarter-on-quarter increase of 42.9% in Q2 [1] - The gross profit margin for the foreign trade segment was 17.9%, a decrease of 15.2 percentage points year-on-year, but increased by 5.7 percentage points quarter-on-quarter [1] - The gross profit margin for the domestic trade segment was 24.4%, down 0.4 percentage points year-on-year [1] - The chemical tanker fleet generated transportation revenue of RMB 160 million, a year-on-year decrease of 13.1%, while gross profit was RMB 40 million, an increase of 7.0% [2] - The gross profit margin for the chemical segment was 26.7%, an increase of 5.0 percentage points year-on-year [2]