Qingdao Port reported FY2025 revenue of RMB 18.81 billion, a 0.7 % decline year-on-year, while total profit edged up 0.9 % to RMB 7.13 billion. Net profit attributable to shareholders increased 0.7 % to RMB 5.27 billion, sustaining basic earnings per share at RMB 0.81. Supported by tighter cost control, overall gross margin improved 1.2 percentage points to 36.7 %.

Cash at bank reached RMB 14.49 billion against interest-bearing liabilities of RMB 3.98 billion, giving the company a strong net cash position. The current ratio rose to 2.30 times from 1.98 times, and interest coverage widened slightly to 55.01 times. Long-term borrowings expanded 57.17 % to RMB 3.14 billion, reflecting ongoing capital projects.

Segment performance diverged sharply: • Container handling and ancillary services delivered segment profit of RMB 3.16 billion, up 32.1 %, buoyed by a 6.3 % rise in throughput to 34.20 million TEUs and 20 newly added shipping lines. • Dry and break bulk cargo profit dropped 29.1 % to RMB 0.49 billion as grain and coal volumes softened. • Liquid bulk cargo profit fell 22.8 % to RMB 1.64 billion amid lower refinery utilization and a 4.1 % contraction in liquid bulk throughput to 98 million tons. • Logistics and port value-added services generated RMB 1.72 billion, a 1.4 % uptick, helped by double-digit growth in container freight-station volume and warehousing. • Port ancillary services posted a modest 3.0 % increase to RMB 0.59 billion.

Total cargo throughput (excluding equity adjustments) rose 4.1 % to 722 million tons, with containers the standout contributor.

The board proposes a full-year dividend of RMB 3.454 per 10 shares, equivalent to 45 % of distributable profit; RMB 1.466 was paid in December 2025, leaving RMB 1.988 to be distributed after AGM approval.

Capital expenditure amounted to RMB 1.23 billion, directed mainly to terminal upgrades in Qianwan and Dongjiakou. The company reported no asset pledges, significant litigations or contingent liabilities.

Looking to 2026, management targets further container-line additions, expanded dry-bulk “ore supermarket” facilities, accelerated intelligent-port projects, and continued emphasis on green operations, while maintaining disciplined investment and risk controls.