COSCO SHIPPING Specialized Carriers Co Ltd

COSCO Shipping Specialized Carriers announced on September 29 that the company will commission Dalian COSCO Shipping Heavy Industry, a subsidiary of COSCO Shipping Heavy Industry, through its wholly owned subsidiary COSCO Shipping Hong Kong Investment Development or an affiliated enterprise, to build eight 60,000-tonne multipurpose heavy-lift vessels, with a total construction price excluding tax of no more than 2.624 billion yuan. The company said the transaction will further develop and optimize the capacity of its multipurpose heavy-lift fleet, promote the healthy development of the fleet structure, and provide quality services to customers. According to calculations, the project has an internal rate of return of about 6.64 percent and a static payback period of 12.51 years, offering relatively good economic benefits.

COSCO Shipping Specialized Carriers has released its 2026 interim report. Total operating revenue reached 14.446 billion yuan, up 34.07% year on year, and net profit attributable to the parent company was 1.371 billion yuan, up 66.24% year on year. Net cash inflow from operating activities was 3.752 billion yuan, up 42.78% year on year. The company's asset-liability ratio was 57.77%, gross margin was 23.16%, return on equity was 8.06%, and diluted earnings per share was 0.50 yuan. Total asset turnover was 0.32 times, and inventory turnover was 9.25 times. The number of shareholders was 69,200, and the top ten shareholders held 64.89% of the shares.

Based on the equity registration date, a total of 15 listed companies will implement their 2025 dividend plans today. Among them, 10 companies have a cash dividend of 1 yuan or more per 10 shares. Dazzle Fashion is the most generous, distributing 4.00 yuan per 10 shares, followed by COSCO Shipping Specialized Carriers and Huaxia Bank, with cash dividends of 3.25 yuan and 3.20 yuan per 10 shares respectively. In terms of share transfers, Chengzhi Shareholding has the highest ratio, with a transfer of 4 shares for every 10 shares held. Regarding recent stock performance, KPC Pharmaceuticals has led these 15 stocks with a cumulative gain of 3.76% over the past five trading days.

COSCO Shipping Specialized Carriers has released its earnings forecast, estimating that net profit attributable to the parent company for the first half of 2026 will be between 1.279 billion and 1.402 billion yuan, an increase of 55% to 70% year-on-year. In the first half of the year, the global seaborne trade supply-demand balance improved. Benefiting from trends such as the accelerating global energy transition and strong exports from China's advanced manufacturing sector, the specialized vessel market saw a surge in demand and continuously rising freight rates in the second quarter. During the reporting period, the company's shipping business revenue, gross profit, and time charter levels all increased year-on-year.