Marine Ports & Services

Shanghai International Port Group announced on October 9 that it expects September mother-port container throughput to reach 5.135 million TEUs, up 6.2% year on year, and mother-port cargo throughput to reach 53.467 million tonnes, up 2.3% year on year. In the first half of this year, the company's operating revenue was 21.429 billion yuan, up 9.50% year on year; net profit attributable to the parent was 8.519 billion yuan, up 5.97% year on year; and net profit attributable to the parent after deducting non-recurring items was 7.778 billion yuan, up 5.55% year on year. For the full year 2025, the company achieved operating revenue of 39.611 billion yuan, up 3.92% year on year, with revenue from the container segment, port logistics segment, and port services segment rising 10.24%, 18.20%, and 18.16% respectively, while revenue from other segments plunged 62.45% year on year due to fewer property project deliveries; full-year total profit was 18.211 billion yuan, down 2.70% year on year, and net profit attributable to the parent was 13.565 billion yuan, down 9.29% year on year. The interim report shows that the company's mother-port container throughput has ranked first in the world for sixteen consecutive years since 2010, reaching 28.737 million TEUs in the first half of 2026, while mother-port cargo throughput reached 305 million tonnes, up 2.7% year on year, including bulk and general cargo throughput of 39.137 million tonnes, down 2.6% year on year. As of the close on October 9, Shanghai International Port Group fell 0.72% to 5.50 yuan per share.

Ningbo Port has disclosed estimated throughput data for September and the first three quarters. In September 2026, the company expects to complete container throughput of 5.07 million TEUs, up 9.3% year on year, and cargo throughput of 106 million tonnes, up 1.0% year on year. From January to September 2026, the company expects cumulative container throughput of 41.64 million TEUs, up 6.1% year on year, and cumulative cargo throughput of 893 million tonnes, down 2.1% year on year.

Beibu Gulf Port announced on the evening of October 7 that, due to planning to purchase 100% equity in Guangxi Free Trade Zone Qinzhou Port Area Henggang Terminal Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds, the company's shares will be suspended from market open on October 8. The suspension is expected to last no more than 10 trading days, with the formal transaction plan to be disclosed and trading to resume no later than October 22. The announcement shows that the target of this transaction, Henggang Terminal, was established on September 23, 2026, with a registered capital of 100 million yuan. Its core assets are berths 1 to 3 in the Dalanping operation area of Qinzhou Port and supporting land and sea area resources. In the company's equity structure, the listed company's controlling shareholder, Guangxi Beibu Gulf International Port Group, holds 33.9991%, and Beigang Group's wholly-owned subsidiary, Qinzhou Port Construction Investment Co., Ltd., holds 66.0009%. Since the counterparties are all entities within the controlling shareholder's system, this transaction constitutes a related-party transaction, but it is not expected to constitute a major asset restructuring. As of the disclosure date of the announcement, the parties have signed an acquisition intention agreement. However, core details such as the specific transaction plan, pricing basis, performance compensation arrangements, share lock-up terms, and supporting financing plan are still under discussion and verification, and will require internal decision-making procedures and regulatory approval before formal implementation. Beibu Gulf Port stated that during the suspension period, it will accelerate due diligence and plan verification. If it fails to convene a board meeting for review and disclose the transaction plan on schedule, the company's shares will resume trading at market open on October 22 and the planning of this matter will be terminated. As the core listed platform for port resource integration in Guangxi, Beibu Gulf Port operates the three core port areas of Qinzhou, Beihai, and Fangchenggang. This acquisition is an important measure for the listed company to continue promoting regional port integration and improving the production capacity layout of core port areas. In the first half of this year, Beibu Gulf Port achieved operating revenue of 3.586 billion yuan, a year-on-year increase of 0.84%, and net profit of 558 million yuan, a year-on-year increase of 5.09%.

Guangzhou Port announced that in September, the company expects to complete container throughput of 2.396 million TEUs, a year-on-year increase of 19.6%; it expects to complete cargo throughput of 51.305 million tonnes, a year-on-year increase of 12.5%. From January to September 2026, the company expects to complete container throughput of 21.074 million TEUs, a year-on-year increase of 4.8%; it expects to complete cargo throughput of 447.91 million tonnes, a year-on-year increase of 3.8%.

Beibu Gulf Port announced on October 7 that the company is planning to acquire 100% equity in Guangxi Free Trade Zone Qinzhou Port Area Henggang Terminal Co., Ltd. from Guangxi Beibu Gulf International Port Group Co., Ltd. and Qinzhou Port Construction Investment Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds. Trading in the company's shares will be suspended from the market open on Thursday, October 8.

Beibu Gulf Port announced that the company is planning to acquire 100% equity in Guangxi Free Trade Zone Qinzhou Port Area Henggang Terminal Co., Ltd. from Guangxi Beibu Gulf International Port Group and Qinzhou Port Construction Investment by issuing shares and paying cash, and to raise supporting funds. The transaction is expected to constitute a related-party transaction, but does not constitute a major asset restructuring or a backdoor listing. Trading in the company's shares will be suspended from market open on October 8, 2026, and the transaction plan is expected to be disclosed within no more than 10 trading days.

Huaihe Energy announced on September 28 that the company received the relevant selection notice from the Energy Bureau of Honghe Hani and Yi Autonomous Prefecture, Yunnan Province, confirming the company as the selected enterprise in the owner optimization process for the construction of four photovoltaic power projects: Luchachong, Mabao, Xinzhai, and Yanfeng. The planned total installed capacity of the above four photovoltaic power projects is 320,000 kilowatts.

Huaihe Energy announced that it has received a notice of selection from the Honghe Prefecture Energy Bureau, confirming the company as the selected enterprise in the owner selection process for the construction of four photovoltaic power projects: Luchachong, Mabao, Xinzhai, and Yanfeng, with a planned total installed capacity of 320,000 kilowatts. These projects lay the foundation for the company to deepen its dual-integration strategy and build a clean energy base comprising wind, solar, and hydropower in the Yunnan region. The company also cautioned that project progress and investment returns are subject to uncertainty.

Shanghai International Port Group disclosed its 2026 semi-annual report on August 28. In the first half, it achieved total operating revenue of 21.429 billion yuan, up 9.50% year on year; net profit attributable to the parent company was 8.519 billion yuan, up 5.97% year on year; non-GAAP net profit was 7.778 billion yuan, up 5.55% year on year; and net cash flow from operating activities was 6.946 billion yuan, up 10.52% year on year. The company plans to distribute a cash dividend of 0.5 yuan per 10 shares, tax included, to all shareholders. As of the close on August 27, the company's price-to-earnings ratio on a trailing twelve-month basis was about 8.59 times, its price-to-book ratio was about 0.82 times, and its price-to-sales ratio on a trailing twelve-month basis was about 2.91 times. The company's main business is divided into four segments: containers, bulk and general cargo, port logistics, and port services.

Shanghai International Port Group released its 2026 interim report. Total operating revenue was 21.429 billion yuan, up 9.50% year-on-year, and net profit attributable to the parent company was 8.519 billion yuan, up 5.97% year-on-year. Net cash inflow from operating activities was 6.946 billion yuan, up 10.52% year-on-year, marking a second consecutive year of growth. The company's asset-liability ratio was 31.55%, gross margin was 36.73%, return on equity was 5.81%, and diluted earnings per share was 0.37 yuan. The number of shareholders was 161,900, and the top ten shareholders held 88.63% of the total share capital.

Nanjing Port released its 2026 interim report. Total operating revenue was 535 million yuan, up 5.73% from the same period last year, marking five consecutive years of growth. Net profit attributable to the parent company was 102 million yuan, up 13.84% year on year, achieving three consecutive years of growth. Net cash inflow from operating activities was 181 million yuan, up 33.10% from a year earlier. The company's asset-liability ratio was 22.66%, gross margin was 49.03%, return on equity was 2.88%, and diluted earnings per share was 0.21 yuan. The number of shareholders was 35,000, and the top ten shareholders held 68.75% of total share capital.

Nanjing Port released its 2026 interim report on August 26. During the reporting period, the company achieved operating revenue of 535 million yuan, up 5.73% year on year. Net profit attributable to the parent company was 102 million yuan, up 13.84% year on year. Net profit after deducting non-recurring items was 99 million yuan, up 14.63% year on year. Net cash flow from operating activities was 181 million yuan, a sharp year-on-year increase of 33.10%. Container loading, unloading and related services remained the core revenue source, contributing 397 million yuan, or 74.18% of total revenue, up 2.52% year on year, with a gross margin of 48.41%, up 2.64 percentage points year on year. The oil, gas and chemical segment posted revenue of 130 million yuan, accounting for 24.27% of the total, up 23.92% year on year, with a gross margin of 47.77%, down slightly by 1.14 percentage points year on year. The segment handled 10.0684 million tons of cargo, up 35.13% year on year. The company said the earnings growth was mainly driven by higher throughput in the container and oil, gas and chemical segments. A 23.31% year-on-year decline in financial expenses also made a positive contribution, but investment income decreased year on year.

Nanjing Port disclosed its 2026 semi-annual report on August 27. In the first half, it achieved total operating revenue of 535 million yuan, up 5.73% year on year; net profit attributable to the parent company was 102 million yuan, up 13.84% year on year; net profit after deducting non-recurring items was 99.1953 million yuan, up 14.63% year on year; and net cash flow from operating activities was 181 million yuan, up 33.10% year on year. Basic earnings per share were 0.209 yuan, and the weighted average return on equity was 2.93%. As of the end of the first half, the company's fixed assets decreased by 2.33% compared with the end of the previous year, notes receivable and accounts receivable increased by 45.31%, and non-current liabilities due within one year decreased by 50.26%. The company mainly provides loading, unloading and storage services for crude oil, refined oil, liquid chemical products and general cargo, as well as container-related business.

Tangshan Port released its 2026 interim report, with total operating revenue of 2.987 billion yuan, up 15.18% year-on-year; net profit attributable to the parent company was 1.008 billion yuan, up 13.97% year-on-year. Net cash inflow from operating activities was 1.105 billion yuan, up 25.49% year-on-year. The company's asset-liability ratio was 8.88%, gross margin was 49.75%, ROE was 4.73%, and diluted earnings per share was 0.17 yuan. The number of shareholders was 52,200, and the top ten shareholders held 69.35% of total share capital.

Tangshan Port disclosed its 2026 semi-annual report on August 27. In the first half of the year, it achieved total operating revenue of 2.987 billion yuan, up 15.18% year-on-year; net profit attributable to the parent company was 1.008 billion yuan, up 13.97% year-on-year; net profit after deducting non-recurring items was 1.006 billion yuan, up 15.20% year-on-year; and net cash flow from operating activities was 1.105 billion yuan, up 25.49% year-on-year. Basic earnings per share were 0.1702 yuan, and the weighted average return on equity was 4.63%, up 0.42 percentage points year-on-year. As of the end of the first half, the company's current ratio was 5.85 and its quick ratio was 5.77.

Chongqing Port has disclosed its 2026 semi-annual report. In the first half, net profit attributable to the parent reached 24.666 million yuan, up 333.86% year on year. Operating revenue was 2.031 billion yuan, down 9.94% year on year, mainly due to external market shocks affecting its trading business. Net profit after deducting non-recurring items was 20.2374 million yuan, up 1,860.47% year on year. The core port and shipping business improved significantly in quality and efficiency, with cargo throughput of 37.286 million tonnes, up 6.8% year on year, container throughput of 767,000 TEUs, up 9.3%, and passenger throughput of 310,000, up 44.2%.

Lianyungang released its 2026 interim report, with net profit attributable to the parent company of 75.6576 million yuan, up 35.83% from the same period last year. Total operating revenue was 1.297 billion yuan, up 5.31% year-on-year; net cash inflow from operating activities was 617 million yuan, up 2.87% year-on-year. The company's latest asset-liability ratio was 57.74%, down 1.15 percentage points from the previous quarter; latest gross margin was 23.44%, and latest ROE was 1.80%, up 0.43 percentage points from the same period last year. Diluted earnings per share were 0.06 yuan, up 50.00% year-on-year.

Guangzhou Port released its 2026 interim report on August 25, 2026. Total operating revenue was 6.564 billion yuan, and net profit attributable to the parent company was 556 million yuan, an increase of 4.1658 million yuan from the same period last year, up 0.76% year on year. Net cash inflow from operating activities was 1.828 billion yuan. The latest asset-liability ratio was 53.31%, down 0.66 percentage points from the previous quarter and down 0.24 percentage points from the same period last year. The latest gross margin was 24.18%, up 1.68 percentage points from the same period last year. The latest return on equity was 2.57%, and diluted earnings per share rose 1.37% year on year. The latest total asset turnover was 0.12 times, inventory turnover was 8.47 times, the number of shareholders was 60,900, and the top ten shareholders held 6.507 billion shares, accounting for 86.25% of the total share capital.

Lianyungang disclosed its 2026 half-year report. In the first half, it achieved operating revenue of 1.297 billion yuan, up 5.31 percent year on year. Net profit attributable to shareholders of the listed company was 75.6576 million yuan, up 35.83 percent year on year. Basic earnings per share were 0.06 yuan. The company plans to distribute a cash dividend of 0.3 yuan per 10 shares, tax included. The increase in operating revenue during the reporting period was mainly due to higher throughput and higher revenue from loading, unloading and related businesses.

Tianjin Port released its 2026 interim report, with net profit attributable to the parent company of 677 million yuan, an increase of 174 million yuan compared with the same period last year, up 34.54% year on year. The company's total operating revenue was 5.364 billion yuan, and net cash inflow from operating activities was 1.211 billion yuan, up 10.67% year on year. The latest asset-liability ratio was 24.49%, down 1.99 percentage points from the same period last year; gross margin was 38.02%, up 10.19 percentage points year on year; ROE was 3.31%, up 0.75 percentage points year on year. Diluted earnings per share were 0.23 yuan, up 35.29% year on year.

Tianjin Port disclosed its 2026 semi-annual report. In the first half of the year, net profit attributable to the parent company was 677 million yuan, up 34.54% year-on-year. Total operating revenue for the same period was 5.364 billion yuan, down 13.18% year-on-year. Net profit after deducting non-recurring items was 674 million yuan, up 26.05% year-on-year. Net cash flow from operating activities was 1.211 billion yuan, up 10.67% year-on-year. Basic earnings per share during the reporting period were 0.23 yuan, and the weighted average return on equity was 3.33%, up 0.76 percentage points year-on-year.

Tianjin Port disclosed its 2026 half-year report. Net profit attributable to the parent company in the first half reached 677 million yuan, up 34.54% year on year. Operating revenue for the same period was 5.364 billion yuan, down 13.18% year on year, with basic earnings per share of 0.23 yuan. Cargo throughput in the first half reached 234 million tonnes, up 2.18% year on year, achieving 50.54% of the annual operating plan of 463 million tonnes.

Beibu Gulf Port released its 2026 interim report, with net profit attributable to the parent company of 558 million yuan, an increase of 26.9995 million yuan compared with the same period last year, up 5.09% year-on-year. The company's total operating revenue was 3.586 billion yuan, up 0.84% year-on-year, achieving five consecutive years of growth. Net cash inflow from operating activities was 1.296 billion yuan. The latest asset-liability ratio was 43.52%, and the gross margin was 31.56%, up 1.08 percentage points from the previous quarter. The company's diluted earnings per share was 0.23 yuan, with 87,800 shareholders. The top ten shareholders held 66.66% of the total share capital.

Beibu Gulf Port released its 2026 interim report, with net profit attributable to the parent company of 558 million yuan, up 5.09% from the same period last year. The company's total operating revenue was 3.586 billion yuan, up 0.84% year on year, marking five consecutive years of growth. Net cash inflow from operating activities was 1.296 billion yuan, down 10.43% from the same period last year. The company's latest asset-liability ratio was 43.52%, gross margin was 31.56%, and diluted earnings per share was 0.23 yuan.

Chongqing Port announced that the company plans to repurchase shares through centralized competitive bidding for an amount between 20 million and 30 million yuan, to safeguard company value and shareholder interests. The repurchase price will not exceed 5.96 yuan per share. Meanwhile, the company's indirect controlling shareholder, Chongqing Logistics Group, plans to increase its shareholding through centralized competitive bidding, with the increase amount not less than 20 million yuan and not more than 30 million yuan, including the 3.0334 million yuan already increased on July 28. This increase plan does not set a price range.

Ningbo Port announced that it has received the Acceptance of Registration Notice from the National Association of Financial Market Institutional Investors. The registered amount for ultra-short-term financing notes is 3 billion yuan, and the registration quota is valid for two years from the date of the notice. The company may issue the notes in tranches within the registration validity period. Previously, Ningbo Port's 2025 annual shareholders' meeting had approved a proposal for a total debt financing quota of 40 billion yuan for 2026. The 3 billion yuan ultra-short-term financing notes registered this time are part of that overall quota.