On July 14, Ningbo Marine Co., Ltd. (Stock Code: 600798, Stock Abbreviation: Ningbo Marine) issued the “2025 Interim Performance Pre-Loss Announcement.”
The announcement stated that, based on preliminary calculations by the finance department, the company expects a net profit attributable to shareholders of the listed company for the first half of 2025 to range between RMB -34 million and -49 million. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is projected to be between RMB -35 million and -50 million for the same period.
Regarding the main reasons for the anticipated loss, Ningbo Marine explained that its core businesses are waterway cargo transportation and toll road operations. For waterway cargo transportation: the dry bulk shipping market remained relatively weak in the first half of 2025, with freight rates persistently low, leading to lower profitability in the company’s transportation operations. For toll road operations: the company continued to face traffic diversion due to newly opened surrounding road networks, compounded by the implementation of toll fee discounts for out-of-province trucks, resulting in reduced toll road revenue. The lower gross margins from these two core businesses, along with decreased income from non-operating items, contributed to the net loss attributable to shareholders of the listed company for the first half of 2025.
