On August 28, Strait Shipping (002320.SZ) released its 2025 semi-annual report. During the reporting period, the company achieved operating revenue of 2.721 billion yuan and a net profit attributable to shareholders of the listed company of 126 million yuan.
In the first half of 2025, Strait Shipping completed the 100% equity acquisition of COSCO SHIPPING Ferry, increasing its owned vessels to 64 and its routes to 10. Its ro-ro passenger transport business expanded from the Qiongzhou Strait to the Bohai Bay, forming a new pattern of “cross-regional operation and development, and synergistic resources between the north and south.” The core competitiveness of its main business continued to strengthen, injecting stronger and more sustainable momentum into the economic and social development of the Qiongzhou Strait and the Bohai Bay.
During the 2025 Spring Festival travel season, Strait Shipping ensured historically efficient and smooth ro-ro passenger transport in the Qiongzhou Strait by “increasing investment, optimizing rules, and refining services.” It purchased two flatbed cargo ships, adding 27.4% capacity support for dedicated new energy transport. During the Spring Festival period, the company operated 1,459 dedicated new energy voyages, transporting 124,600 new energy vehicles. Simultaneously, it upgraded berths, increased crew allocation, and innovatively implemented a “shared crew” mechanism. The reserve of qualified crew for the Haikou-Hai’an route reached 2,884, a 15% year-on-year increase, achieving “ships operating without rest for crew.” It also fully implemented advance booking for ferry crossings, optimized port entry rules, improved emergency plans, and leveraged digital empowerment. This ensured a maximum daily departure of 318 trips to and from the island during the Spring Festival, with overall transport capacity increasing by 20% year-on-year, significantly improving crossing efficiency, optimizing public services, and fully leveraging its core function of ensuring the smooth and efficient operation of the Qiongzhou Strait “golden waterway.”
Strait Shipping is implementing a multi-channel strategic layout. In April 2025, it deployed two large ro-ro passenger ships, the “Chang Le Gong Zhu” and “Wan Rong Hai,” on the Haikou-Beihai route, achieving a route capacity upgrade and two-way simultaneous operation. In May, it newly opened the Haikou-Fangchenggang route, deepening economic and trade cooperation between Hainan and Guangxi, further serving the construction of the Free Trade Port and the national strategy of the New Western Land-Sea Corridor, and building a more complete and efficient cross-sea transport system.
In the second half of 2025, as the market shows a warming trend, Strait Shipping will seize this opportunity to focus on three main lines—”revenue increase, cost control, and integration”—implement key measures, promote the integrated development with COSCO SHIPPING Ferry, achieve the “five sharings” of transport capacity, crew, management, digitalization, and marketing, synergize northern and southern operations, mutually support resources during peak and off-peak seasons, and enhance the company’s market competitiveness and profitability.
