On the evening of July 14, Shanghai Jinjiang Shipping (Group) Co., Ltd. issued a preliminary announcement regarding its expected increase in performance for the first half of 2025.
According to the announcement, preliminary financial estimates indicate that Jinjiang Shipping is projected to achieve a net profit attributable to the parent company’s owners of approximately RMB 780 million to RMB 810 million for the first half of 2025, representing a year-on-year increase of 145.86% to 155.32% compared to the same period last year. The company also expects a net profit attributable to the parent company’s owners, excluding non-recurring gains and losses, of approximately RMB 760 million to RMB 790 million, reflecting a year-on-year growth of 160.25% to 170.53%.
Jinjiang Shipping noted that in the first half of 2025, intra-Asian trade activity continued to rise, driving steady growth in container shipping volumes while supply remained relatively stable. According to Clarksons data, the freight rate index for intra-Asian routes during this period increased by 11.43% year-on-year.
During the reporting period, Jinjiang Shipping maintained its leading market share in traditional high-performing routes such as the Shanghai-Japan and cross-strait Shanghai routes, thanks to its high-quality services. The profitability of these routes further improved, reinforcing the company’s stable and enhanced performance foundation. Additionally, the company continued to develop Southeast Asia as its second growth driver by expanding its premium route offerings and highlighting differentiated service capabilities. In this region, Jinjiang Shipping achieved simultaneous growth in both volume and pricing year-on-year, further boosting its current performance.
In recent years, the shipping market has faced complex and volatile external conditions, with global container shipping heavily influenced by trade policy changes and geopolitical tensions. Amid this uncertainty, Jinjiang Shipping has adhered to a strategy of stability and steady progress, reinforcing positive operational trends, leveraging its competitive advantages, and refining its market positioning. By deepening its focus on regional routes, the company has effectively countered external uncertainties with its own stability, achieving improved operational performance and efficiency.
**Strengthening the Core Business in Northeast Asia and Cross-Strait Routes**
Jinjiang Shipping has solidified its operational foundation by maintaining high vessel schedule reliability and offering specialized services such as HDS (Hot Delivery Service). The company has developed premium routes including Shanghai-Japan, Taicang-Japan, Qingdao-Japan, and Dalian-Japan, along with tailored services like garment container and refrigerated container transport. Its leading market share in the Shanghai-Japan and cross-strait routes has provided a stable and reliable foundation for its financial performance.
**Building Momentum in Southeast Asia as a Second Growth Driver**
Drawing on its success in Northeast Asia, Jinjiang Shipping innovatively launched premium routes under the “Silk Road Express” brand, such as the Haiphong Silk Road Express, Thailand-Vietnam Silk Road Express, and Thailand-Vietnam Express. The “Express Service Model” has gradually gained market recognition. In April 2025, the company successfully introduced the “Ho Chi Minh Silk Road Express” (SSX) and extended it to Japan in May, offering fast direct services from Ho Chi Minh City to Nagoya and Shimizu, providing customers with more competitive and diversified logistics solutions.
**Exploring Emerging Markets to Expand Route Coverage**
Jinjiang Shipping has extended its network to South Asia (including Pakistan and Sri Lanka) and the Middle East (such as the UAE), with 28 domestic and international sales and service outlets supporting its premium routes. Leveraging its overseas self-operated and agency networks, the company has introduced extended logistics services, such as the Laem Chabang to Lat Krabang route in Thailand and multimodal transport services in Phnom Penh, Cambodia. These initiatives effectively integrate overseas logistics resources, offering regional customers efficient end-to-end solutions.
Looking ahead, Jinjiang Shipping will remain committed to its brand strategy, deepening its presence in Northeast Asia while expanding into Southeast Asia and cultivating emerging markets in South Asia and the Middle East. By optimizing logistics resource allocation, enhancing supply chain service capabilities, and improving route resilience, the company aims to achieve high-quality, sustainable growth, creating long-term value and consistent returns for shareholders and investors.
