According to the latest unaudited results of COSCO SHIPPING Energy Transportation Co., Ltd. (Stock Code: 1138) for the three months ended 30 September 2025, net profit attributable to shareholders reached approximately RMB853 million, marking a 4.4% increase compared to the same period last year.

From January to September 2025, operating revenue stood at about RMB17.11 billion, reflecting a minor decrease from the same period of the previous year. Net profit attributable to shareholders amounted to around RMB2.72 billion, declining by approximately 21.2% year-on-year. Corresponding basic earnings per share were RMB0.57.

In the international tanker segment, fleet deployment for January to September rose 12.8% year-on-year, with the total transportation volume and turnover also posting double-digit increases. The crude oil tanker fleet’s operating revenue showed volatility but sustained a trend of strengthening in the third quarter, buoyed by factors such as Middle East output adjustments and shifts in global crude flows.

During the reporting period, the company recorded net cash flow from operating activities of about RMB4.83 billion, underscoring robust overall operations despite a reduction compared to the same period last year. LNG transportation performance remained stable, contributing about RMB674 million in attributable net profit from January to September 2025.

The company’s management highlights the volatile but upward-trending international tanker market and cites rising crude movements as major drivers for the recent improvement in quarterly results. The published figures have been prepared in accordance with Chinese Accounting Standards for Business Enterprises and reflect the results of acquisitions under common control, with impacts on prior-year comparative figures retrospectively restated.