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

In the first half of 2025, the demand and freight rates of global container shipping market remained volatile amid multiple factors such as the tariff swings and lingering geopolitical tensions. In the face of highly uncertain external environment, COSCO SHIPPING Holdings proactively identified and responded to changes. While driving steady enhancement in operating efficiency, it leveraged its two new growth drivers, digital intelligence and green low-carbon development, to expedite the synergetic development of core container shipping business and digital supply chain business.

l  Outstanding operating performance. The Company achieved operating revenue of RMB109.10 billion, representing a 7.78% year-on-year increase. It realized EBIT of RMB25.49 billion, representing an increase of 3.40% year-on-year; EBIT margin reached 23.37%; the net profit of the Company was approximately RMB20.21 billion, representing an increase of 4.95% year-on-year; the net profit attributable to the shareholders of the Company was approximately RMB17.54 billion, representing an increase of 3.95% year-on-year.

l  Resilient growth in the Company’s core business. The revenue from container shipping business was RMB104.80 billion, representing a 7.49% year-on-year increase. The revenue from container terminal business was RMB5.84 billion, representing a 14.75% year-on-year increase.

l  Retention of a sound financial position. The Company's net cash inflow from operating activities was RMB25.78 billion. The net finance income of the Company was RMB2.10 billion, investment income reached RMB3.02 billion, and the liability-to-asset ratio was 43.25%.

l  Continuation of a steady dividend distribution policy. The Board of Directors announced the payment of an interim cash dividend for 2025 of RMB0.56(tax inclusive) per share to all shareholders, with the cash dividend payout accounting for approximately 50% of the net profit attributable to shareholders of the Company.

l  Continuation of Share Repurchase Program. In the first half of the year, the Company stepped up its repurchases, and repurchased a total of approximately 102 million A-shares and approximately 237 million H-shares, all of which were cancelled. With continual implementation of the Company’s share repurchase plan, earnings per share climbed further and shareholders’ rights were effectively protected.

During the Reporting Period, COSCO SHIPPING Holdings adhered to the principle of steadily driving growth. It actively built an integrated and intelligent supply chain system comprising “container shipping + ports + related logistics”, innovated business models through integrated global resources, and promoted efficient operation and high-quality development.

Core business capabilities leapt to a new level while resilience was markedly strengthened. COSCO SHIPPING Holdings took advantage of the latest globalization trend to accelerate the expansion, structural optimization and modernization of its fleet. After taking delivery of a number of vessels ordered, the Company’s self-operated container fleet currently comprises 557 vessels with a total capacity of over 3.4 million TEUs. The Company possessed new orderbook with a total capacity of nearly 910,000 TEUs, hence strengthening its first-tier ranking in the industry in terms of shipping capacity. Underpinned by its leading scale advantages together with visionary and systematic analysis, the Company effectively responded to changes in market supply and demand. By dynamically reallocating the shipping capacity on the Far East to Northwest Europe and Trans-Pacific routes, and increasing the shipping capacity of Southeast Asia routes, it reinforced its share in core markets and vigorously expanded into emerging markets, regional markets and third-country markets, thereby enabling it to better meet the needs of customers’ industrial chain and supply chain layout globally. During the Reporting Period, the container shipping business handled 13.28 million TEUs, up by 6.59% year-on-year. Freight volumes on Trans-Pacific routes, Asia-Europe routes, Intra-Asia routes, other international routes (including Africa/Latin America) and China’s coastal and inland routes increased by 4.72%, 3.88%, 5.21%, 11.95% and 9.53% year-on-year, respectively. The Company's main business remained stable.

Accelerated channel network development and deepened market expansion. COSCO SHIPPING Holdings drove integrated development of “hubs + channels + networks” to expand its global businesses in depth and breadth. As for the hub port in Chancay, three main routes and three feeder routes were launched, thereby facilitating direct two-way link between Chancay and Shanghai, and allowing the Company to further extend its reach from China to other ports in South America. These routes significantly enhanced the strategic position of Chancay as a hub port in the new intermodal land-sea channel between Asia and Latin America. As for the Piraeus Port, the Company accelerated the integration of logistics infrastructure such as railways, warehouses and depots, continuously strengthened the brand recognition of China-Europe Land-Sea Express Line, and persistently improved the service capabilities of the three-dimensional channel network. As for the Yangpu Port in Hainan, a transportation channel connecting Yangpu, Southeast Asia and the United States was established, and the direct call between the sister ports of Yangpu and Abu Dhabi was upgraded to bi-weekly services. The construction of the two hub ports promoted their complementary development and contributed to the growth of the Hainan Free Trade Port. In relation to the construction of the New Western Land-Sea Corridor, a number of important resource projects were gradually launched, injecting vitality into the economic development for this region. At the same time, the Company continued to strengthen the stable operation of the Ocean Alliance and iteratively upgraded the DAY9 products by providing more than 520 direct port-to-port services, hence sharpening their competitiveness in terms of service frequency, coverage and punctuality of delivery.

Deep integration of innovation and upgrading of full-chain products  into customer supply chain system. COSCO SHIPPING Holdings focused on the customer-oriented approach, accelerated the integration of domestic and overseas resources and ensured their efficient operation. It also vigorously promoted full-chain products, full-chain marketing, full-chain transportation management and full-chain customer services around the world. Recently, the global trailer products have been upgraded and released, covering 56 countries (regions) around the world. They enable the Company to achieve the integration of all business scenarios, real-time online and offline synchronization, and unified quotations for intermodal and agency transportation, marking a new milestone in trailer services. Meanwhile, the standardized full-chain products and industry solutions were further enriched. Online “Instant Slot Booking” Intelligent Customer Service platforms were successively launched, and the customized control tower solutions allowed customers to efficiently carry out global supply chain management. The Company saw significant increase inthe business volume of full-chain products. The revenue from supply chain other than ocean shipping reached RMB21.58 billion, representing an 8.37% year-on-year increase. By enhancing efficiency, integrating resources and extending value, the full-chain supply chain service effectively mitigates the impact of market demand fluctuations on shipping business, ensuring the continuous and stable operation of the core business.

Deepened digital intelligence and green transformation with remarkable achievements in high-quality development. In terms of digital intelligence transformation, the Company is actively expanding the application scenarios of artificial intelligence, promoting intelligent production, integrated operation and agile service. Smart Pricing enables interconnection of the multiple scenarios across entire business chain from authorization to release, enhancing management efficiency and ensuring consistent pricing policies online and offline. Smart Capacity Management pinpoints slot allocation strategies based on customer profiles, achieving highly integrated management of pricing and capacity. Smart Container Repositioning effectively raises empty-container turnover and lowers container-related costs. Smart Fuel Management provides strong support for comprehensive and refined fuel control. By continuously promoting the integration and innovation of digital and intelligent technologies, COSCO Shipping Holdings has built a leading integrated shipping and cargo operation capability, constantly injecting new impetus into the company's high-quality development, and jointly building a new digital shipping ecosystem with customers and partners. In terms of green and low-carbon transformation, the Company is accelerating the green upgrade of its fleet through a dual approach of newbuilding and retrofitting: 42 methanol dual-fuel powered vessels totaling 780,000 TEUs have been ordered, and a program to convert existing ships to methanol powered vessels is under way. By continuously integrating artificial intelligence into business scenarios for innovative purposes, COSCO Shipping Holdings has injected inexhaustible impetus into its high-quality development. “COSCO SHIPPING YANGPU”, the first methanol dual-fuel powered containership in China, completed bunkering of domestically produced green methanol. Meanwhile, it promoted environmentally friendly container procurement to develop green shipping. In collaboration with the ports of Shanghai, Los Angeles and Hamburg, the Company jointly established a green shipping corridor and advanced the construction of terminal shore power facilities and green fuel supply chain networks in a systematic manner, thereby laying a solid foundation for achieving our medium- and long-term decarbonization goals.

Looking ahead, the container shipping industry is expected to remain complex and volatile. The domino effects of economic and trade policies coupled with ongoing geopolitical tensions, the reshaping of competitive landscape triggered by technological and green transformation, and the frequent occurrence of various unforeseen events, all may have a profound impact on the overall market development. To sum up, COSCO SHIPPING Holdings will stick to its positioning as a “global digital supply chain operation and investment platform with a primary focus on container shipping” It will continuously enhance the core competitiveness of its main businesses and flexibly respond to market changes by stabilizing its own development, implement lean cost control, accelerate the development of global digital intelligence supply chain and green low-carbon transformation, striving to provide better services to customers, and creating sustainable value for shareholders.