CSSC SHIPPING (03877) announced its interim results, with a profit attributable to shareholders of HK$1.222 billion, a year-on-year increase of 10.6%.

CSSC SHIPPING (03877) announced its results for the six months ended June 30, 2026, with revenue of HK$1.911 billion, a decrease of 5.3% year-on-year; profit attributable to equity shareholders was HK$1.222 billion, an increase of 10.6% year-on-year; basic earnings per share were HK$0.197. The decline in operating income was mainly due to the expiration and settlement of several financing lease projects from the previous year and early repurchases by clients, leading to a decrease in interest income base; the growth in net profit for this period was mainly driven by several factors: first, the geopolitical impact led to an upturn in the tanker market, significantly enhancing the profit contribution from joint ventures; second, the group took advantage of the high ship price window to dispose of vessels, resulting in asset appreciation gains; third, continuous optimization of the financing structure led to a decrease in financial expenses, positively contributing to the group's profits. Moreover, the group's non-performing asset ratio remained low, maintaining overall asset quality at a robust level.