QINGDAO PORT (06198) Reports Interim Results with Net Profit of RMB 2.842 Billion, Up 7.58% YoY

Stock News
08/28

QINGDAO PORT (06198) announced its interim results for the six months ended June 30, 2025. The group achieved operating revenue of RMB 9.434 billion, representing a year-on-year increase of 4.04%. Net profit attributable to shareholders of the parent company reached RMB 2.842 billion, up 7.58% compared to the same period last year. Basic earnings per share stood at RMB 0.44.

Since 2025, facing a complex and challenging external environment, the group has leveraged its port advantages and seized policy opportunities from the Shandong Free Trade Zone, SCO Demonstration Area, and RCEP pilot demonstration zone. The company has continuously expanded sea routes, increased shipping capacity, and developed transshipment services on the maritime side, while launching freight trains, establishing inland ports, and expanding cargo sources on the land side. Operating performance has maintained steady growth, port radiation capacity has been further enhanced, and its position as the "sea outlet" for the Yellow River basin and "bridgehead" for opening-up has been further consolidated, with its hub port status continuously strengthened.

During the six months ended June 30, 2025, the group (excluding the equity proportions of relevant joint ventures and associates held by the company) completed cargo throughput of 361.49 million tons, up 2.0% year-on-year. Container throughput reached 17.03 million TEU, up 7.6% year-on-year. Dry bulk and general cargo throughput totaled 127 million tons, down 1.7% year-on-year. Liquid bulk cargo throughput amounted to 49 million tons, down 10.1% year-on-year.

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