Tianjin Port Development Holdings Limited released its unaudited interim results for the six months ended 30 June 2026. Key operating and financial metrics are summarised below.

Operating performance • Total cargo throughput rose 2.10% yoy to 234 million tonnes; container volume increased 5.80% to 11.21 million TEUs. • Subsidiary terminals handled 102.04 million tonnes of non-containerised cargo (+3.60%) and 6.61 million TEUs (+4.90%). • Blended handling rates improved: non-containerised to HK$31.00/tonne (+5.70%); containers to HK$216.10/TEU (+26.40%).

Income statement highlights (continuing operations) • Revenue grew 14.50% yoy to HK$6.32 billion, driven by higher volumes and pricing in both cargo and ancillary services. • Gross profit rose 23.10% to HK$2.39 billion; gross margin expanded 2.7 ppts to 37.8%. • EBIT (profit before tax) advanced 37.90% to HK$1.58 billion; after-tax profit attributable to shareholders increased 35.00% to HK$467 million. • Basic EPS reached HK7.6 cents versus HK5.6 cents in 1H 2025. • No interim dividend was declared.

Segment detail • Cargo handling revenue gained 15.80% to HK$4.59 billion; segment cost rose 8.20%, boosting segment margin. • Other port ancillary services revenue increased 11.10% to HK$1.73 billion.

Balance sheet and liquidity • Total assets stood at HK$43.25 billion (+5.04% from 31 Dec 2025). • Cash and deposits reached HK$7.27 billion; net cash from operations was HK$1.44 billion. • Borrowings declined to HK$4.32 billion; gearing ratio improved to 12.9% (31 Dec 2025: 14.0%). • Capital expenditure totalled HK$347 million; outstanding capex commitments were HK$4.76 billion.

Strategic/ESG developments • Continued roll-out of automation and green initiatives, including launch of first pure-electric intelligent tugboat and expansion of shore-power usage. • Ongoing bulk terminal automation tests and deployment of next-generation JTOS system.

Corporate actions • On 22 June 2026, subsidiary Tianjin Port Holdings announced a proposal to acquire two container terminals via share issuance to Tianjin Port Group; final consideration pending valuation.

Outlook Management expects a challenging external environment in 2H 2026 but targets further efficiency gains and development of smart, green and hub-type port operations.