Sinotrans Shipping Ltd: It is expected that the net profit in the first half of 2026 will increase by 55% to 70% year-on-year.

COSCO Shipping announced that it is expected to achieve a net profit of 12.79 billion to 14.02 billion yuan in the first half of 2026, an increase of 55% to 70% year-on-year. In the first half of 2026, the global shipping trade supply and demand situation has improved, benefiting from the accelerated global energy transformation, strong exports in advanced manufacturing in China, and other trends. The demand for specialty ships in the second quarter of the market has erupted and capacity has tightened, leading to a continuous increase in freight rates. The company firmly seized market opportunities, focused on core businesses such as serving the new energy industry, supporting exports of advanced manufacturing in China, and ensuring the safety of strategic bulk commodity imports, leveraging advantages such as fleet scale growth and optimization of capacity iteration. The company also steadily improved its industry chain services and core competitiveness by accelerating the layout of hub channels and the construction of basic ports, optimizing route operations and continuously improving the level of service.