(30 October 2025, Shanghai) COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings” or “the Company”, SSE: 601919; HKEx: 1919) today announced its 2025 Q3 results.

Throughout the year to date, container shipping rates have remained volatile due to persistent spillover effects of tariff policies, intensified geopolitical uncertainties and a slowdown in global cargo trade demand growth. Amid this complex landscape, COSCO SHIPPING Holdings maintained a strategic focus to navigate towards its development goals and dynamically optimised its global network layout and marketing strategies. By further advancing its transformation toward "digital intelligence" and "green low-carbon" operations, the Company has laid a solid foundation for high-quality development.

l  Sustaining steady profit. In the first three quarters, the Company achieved operating revenue of RMB167.60 billion,and realized EBIT of RMB39.16 billion，the gross profit of the Company was approximately RMB36.90 billion， and the net profit attributable to the shareholders of the Company reached approximately RMB27.07 billion. The net profit attributable to shareholders of the Company for the third quarter amounted to RMB9.53 billion, up 63.20% from the second quarter.

l  Resilient growth in the Company’s core businesses. In the first three quarters,  operating revenue from the container shipping business amounted to RMB161.03 billion with an EBIT margin of 20.65%. The operating revenue from container terminal business was RMB8.93 billion, representing a 12.35% year-on-year increase.

l  Retaining sound financial position. In the first three quarters, the net cash flow from operating activities amounted to RMB 39.98 billion with cash and cash equivalents totaling RMB 170.56 billion, while the investment income and interest income reached RMB 8.70 billion. As of 30 September 2025, the Company's liability-to-asset ratio stood at 43.46%. This sound financial position provides robust support for the Company to seize future opportunities, withstand market risks and deliver returns to shareholders.

l  Continuing action to reward shareholders. In October, the Company announced the second Share Repurchase Plan of 2025. Pursuant to it, the total number of A shares to be repurchased shall range from 50 million to 100 million shares. The repurchase of H-shares shall be conducted under the general mandate approved at the annual general meeting. The interim cash dividend for 2025 has been completed, with a cash dividend of RMB8.674 billion (tax inclusive) distributed.

During the reporting period, COSCO SHIPPING Holdings adhered to the overridingprinciple of promoting steady development and actively expanded integrated services of “container shipping + ports + related logistics”. It achieved new breakthroughs in global layout, advanced digital supply chain and green low-carbon development in tandem, and forged strong development resilience amid market changes.

Continuing optimization of global network and creation of new development opportunities. COSCO SHIPPING Holdings drove integrated development of “hubs + channels + networks” to deepen its market reach and step up efforts to create new growth drivers. During the reporting period, in terms of key node construction, COSCO Shipping Lines (Central Asia) was set up to reinforce the development the Asia-Europe trade routes. Two joint ventures—Shenzhen COSCO Shipping Smart Supply Chain and Goldlead Supply Chain Development (Southeast Asia) —were established along with the acquisition of Laem Chabang Terminal in Thailand to facilitate the enhancement of regional supply chain hubs. Meanwhile, the shipping route network optimisation advanced in alignment with the restructuring of global industrial chains. The newly-launched premium routes include direct services from Southeast Asia to South Asia, from Yangpu Port to Southeast Asia, and from Nansha to Laem Chabang. They effectivelyaddress the growing demand in the regional market. The new Asia-Mexico Express service and the South China to U.S. Southwest Coast Express service were added to further upgrade the Latin American and North American trade corridors. In the first three quarters, the Company handled container volume of 20.18 million TEUs, representing a 6.01% year-on-year increase; the terminal business achieved a total throughput of 113 million TEUs, up 5.6% compared with the same period last year, with both the container shipping business and container terminal business retaining growth momentum.

Resilient full-chain services to forge new service advantages. Amid frequent occurrence of global supply chain challenges, COSCO SHIPPING Holdings actively advanced the development of its global digital supply chain platform. It uncovered further demand of customers, designed end-to-end supply chain logistics solutions, innovated logistics models and created strategic corridors, thereby forging new competitive advantages with more resilient supply chain. During the reporting period, COSCO Shipping Holdings leveragedthe strengths of itsend-to-end supply chain resources and services to launch new global trailer, railway and warehousing products. The trailer products covered 56 countries / regions and the railway products covered 24 countries / regions around the world. They enabled the Company to connect its global sea-land transport network in a  highly-efficient manner, andfacilitated the integration of entire business scenarios and real-time online-offline synchronisation, thus allowing clients to trace their cargo, seek consultations, make orders and receive deliveries globally. Through the warehousing products integrating “shipping + warehousing + distribution” services, the Company combined the strengths of its container shipping and warehousing services to provide clients with superior services. Leveraging its leading capabilities in providing integrated shipping services, the Company established strategic partnerships with multiple clients during the reporting period and delivered more stable and resilient industry supply chain solutions to them, thereby creating a win-win for upstream and downstream players in the industrial chain. In the first three quarters, supply chain revenue other than shipping fees reached RMB32.89 billion, representing a 7.11% year-on-year increase. This showcases the increasing resilience of its full-chain operations against demand fluctuations.

Development driven by technological innovation to create a new shipping ecosystem. COSCO SHIPPING Holdings rode on technological innovation to comprehensively optimise operational layouts and scientifically allocate resources, thus ensuring it in a better position to seize opportunities in complex and volatile market conditions. As for container shipping business, the Company's double-layer customer service system + supply chain control tower ensured the hassle-free delivery services of its global supply chain. The AI-powered container inspection system automated the entire process from data collectionto the generation of repair quotation. The whole process thusbecame more efficient when compared with traditional manual systems. As for terminal business, COSCO SHIPPING Ports leveraged AI technology to highly coordinate businesses, processes, data and equipment, hence substantially enhancing the efficiency of smart terminals. Their ‘Level 4 Autonomous Driving Application for Smart Ports’ was officially designated as one of the first batch of strategic high-value scenarios of AI application by Chinese enterprises at the World Artificial Intelligence Conference (WAIC) this year. As for industry ecosystem development, the Company achieved new breakthroughs in online verification of electronic bills of lading (eBL) in Latin America during the reporting period. To date, it has issued over 680,000 electronic bills of lading in more than 80 countries over GSBN infrastructure. This facilitates the data integration across upstream and downstream industrial chains, hence improving the global trade efficiency and creating economies of scale in the new ecosystem brought by digital intelligence.

Steady progress in green transition setting new benchmark for the industry. COSCO SHIPPING Holdings has laid a solid foundation for achieving its medium-to-long-term decarbonisation goals through various measures such as green fleet program, clean bunkering, and intelligent operations across the entire supply chain. During the reporting period, COSCO SHIPPING YANGPU, China’s first methanol dual-fuel-powered container vessel, completed maiden voyage and achieved multiple milestones in the industry. The retrofit of COSCO SHIPPING LIBRA into a methanol dual-fuel system containership was the first of its kind in the world, providing invaluable experience for green and low-carbon operation of large container vessels. Recently, the Company and its partners have deployed vessels capable of reducing lifecycle carbon emissions on the Shanghai-Los Angeles/LongBeach Green Shipping Corridor, marking an important milestone for the project to deploy zero lifecycle carbon emission containerships on the corridor in the future. Meanwhile, Guangzhou South China Oceangate Terminal, Lianyungang New Oriental Terminal, and CSP Wuhan Terminal were awarded four-star green port certification. From “green fleet” to “green terminals”, COSCO SHIPPING Holdings has established a replicable and scalable new model for “green shipping” through low-carbon practices across the entire shipping value chain.

Looking ahead, the container shipping industry will continue to navigate a complex and volatile market environment. The global geopolitical and trade landscape will become increasingly uncertain. The global economic environment is undergoing profound changes and the international shipping market is facing severe challenges. Meanwhile, technological revolution and industrial transformation are deepening, exerting far-reaching impacts on container shipping sector.

Against this backdrop, COSCO SHIPPING Holdings will remain committed to its positioning as a “global digital supply chain operation and investment platform with a primary focus on container shipping”. It will strive hard to ensure its stable development, continuously enhance the core competence and operational resilience of its principal businesses, flexibly respond to market changes, implement lean management, and accelerate the advancement of digital intelligence in global supply chains and green and low-carbon transformation. The Company commits itself to delivering superior services to customers and continuously creating value for shareholders.