COSCO SHIP HOLD Shares Surge Over 6% as Q3 Net Profit Attributable to Shareholders Jumps 128.45% QoQ, Core Business Achieves Growth in Both Volume and Price

Stock News09:42

Shares of COSCO SHIP HOLD (01919) strengthened following its earnings release, rising 6.38% to HK$17.68 as of press time, with turnover of HK$112 million.

On the evening of October 29, COSCO SHIP HOLD released its third quarter 2026 report. In the third quarter, the company achieved operating revenue of RMB 75.692 billion, up 29.39% year-on-year; net profit attributable to shareholders of the listed company was RMB 17.230 billion, up 80.73% year-on-year and up 128.45% quarter-on-quarter.

For the first three quarters, the company achieved operating revenue of RMB 187.614 billion, up 11.94% year-on-year; net profit attributable to shareholders was RMB 30.649 billion, up 13.22% year-on-year.

In the third quarter, the container shipping business completed a freight volume of 7.2115 million TEUs, up 4.46% year-on-year; revenue reached RMB 73.295 billion, up 30.35% year-on-year. Controlled terminals completed throughput of 8.7642 million TEUs, up 2.38% year-on-year; revenue reached RMB 3.312 billion, up 7.44% year-on-year.

For the first three quarters, the container shipping business completed a volume of 21.4910 million TEUs, up 6.47% year-on-year; controlled terminals completed throughput of 25.6578 million TEUs, up 2.46% year-on-year.

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