On October 30, COSCO SHIPPING Development Co., Ltd. released its third quarter report for 2025.
The report shows that in the first three quarters of this year, COSCO SHIPPING Development achieved an operating revenue of 19.566 billion yuan, a decrease of 1.54% year-on-year; total profit was 1.777 billion yuan, an increase of 13.71% year-on-year; net profit attributable to shareholders of the listed company was 1.391 billion yuan, an increase of 0.71% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.363 billion yuan, an increase of 20.99% year-on-year.
In the third quarter, COSCO SHIPPING Development achieved an operating revenue of 7.308 billion yuan, a decrease of 9.92% year-on-year; total profit was 503 million yuan, a decrease of 8.38% year-on-year; net profit attributable to shareholders of the listed company was 420 million yuan, a decrease of 13.42% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 392 million yuan, a decrease of 15.94% year-on-year.
COSCO SHIPPING Development plans to initiate a new round of A+H share repurchase, planning to repurchase 40 million to 80 million A-shares and implement H-share repurchase under the general authorization framework; simultaneously, the company completed the 2025 interim dividend, with a total dividend amount of approximately 290 million yuan.
During the reporting period, the core business of COSCO SHIPPING Development remained stable and progressed. The shipping leasing business efficiently created a new paradigm for the integration of industry and finance, steadily expanding 23 units of 87,000 DWT bulk carriers and 6 units of 307,000 DWT VLCC crude oil tanker industry-finance projects; it contributed long-term stable income and cash flow, helped create sustained and stable value returns, achieved win-win outcomes across the industrial chain, and jointly promoted the fleet upgrade of the shipping industry.
The container manufacturing business focused on creating new advantages in product services. Container sales volume in the first three quarters showed steady growth, accurately targeting customer needs, achieving dual enhancement of brand influence and customer loyalty; the special container business developed favorably, deeply cultivating scenario-based customization in segmented fields such as modular buildings and energy storage containers, fostering unique advantages; it effectively leveraged industrial chain synergy, created a new direct delivery channel for containers in the Yangtze River Delta region, and optimized the customer experience.
The container leasing business continuously stimulated new momentum for industrial synergy. COSCO SHIPPING Development actively explored the development potential of emerging markets, cultivating new business growth points; tapped into the synergy space of supply chain resources, further deepening industrial chain collaboration; by continuously improving the global service network and enriching the diversified product structure, it actively responded to diverse customer needs; upgraded the digital operation platform, strengthened data application and sharing, and further enhanced global resource connectivity capabilities and operational efficiency.
Looking ahead, COSCO SHIPPING Development will proactively embrace market changes, focus on its main responsibilities and core businesses, deepen the integration of industry and finance, drive technological innovation, develop new quality productive forces in shipping, and enhance the company’s core competitiveness and industry influence. Meanwhile, COSCO SHIPPING Development will always adhere to an investor return-oriented approach, continuously expand value realization paths, and strive to create long-term and stable value returns for shareholders.
