Cosco Shipping International (hong Kong) Co., Ltd. · HKEX:517
Cosco Shipping International (hong Kong) — FY2025 Earnings Presentation
36 slides from Cosco Shipping International (hong Kong)'s earnings presentation, Mar 25, 2026
Slide 1: 2025 Annual Results
2025 Annual Results Intelligence Enabling a Green Maritime Future March 2026
Slide 2: Strives to Generate Sustainable Value for the Shareholders
COSCO SHIPPING International Strives to Generate Sustainable Value for the Shareholders. 02
Slide 3: Agenda
INTELLIGENCE AS STRATEGY, AGENDA PROFIT AS PROOF 01 02 03 COSCO SHIPPING Market Overview Results Highlights Int’l 04 05 06 Segment Performance Q&A Appendix
Slide 4: COSCO SHIPPING International
COSCO SHIPPING INTERNATIONAL World’s Leading Provider of Full Life-Cycle Digital and Intelligent Shipping Services Eco-conscious Digital Intelligent 04
Slide 5: Capital Increase into COSCO SHIPPING Green Digital Intelligence Ship Services
CAPITAL INCREASE INTO COSCO SHIPPING GREEN DIGITAL INTELLIGENCE SHIP SERVICES BUSINESS MODEL ENHANCED MARKET SYNERGISTIC VALUE LONG-TERM TRANSFORMATION POSITIONING CREATION STRATEGIC OUTLOOK Yuantong evolves from traditional Deeply embeds SMART SAILING Integration unlocks robust synergies Deepens in
Slide 6: Smart Sailing Platform
SMART SAILING PLATFORM UNLOCKING VISIBILITY, NAVIGATING EFFICIENCY, POWERING PERFORMANCE We aim to build an intelligent full life-cycle shipping service ecosystem across the entire industrial chain. Supplier Management Smart Inventory Management Consolidates purchasing volumes, securing priority Min
Slide 7: Technology + Green strategy
“Technology + Green” strategy establishes a positive loop of mutual empowerment: Technology Enables Sustainability, and Sustainability Directs Technological Progress. Intelligent Ship Services 01 Empowered by the SMART SAILING PLATFORM, provide integrated ship services, including Ship Trading Agency
Slide 8: Corporate Structure
COSCO SHIPPING CORPORATE STRUCTURE* (Hong Kong) Ship Trading (100%) Beijing COSCO SHIPPING Ship COSCO SHIPPING Trading (100%) (Hong Kong) Insurance Brokers (100%) Shenzhen COSCO Subsidiaries Insurance Brokers (55%) Helen Insurance Brokers (100%) COSCO Kansai Paint & Chemicals (63.07% - 64.71%) COSCO
Slide 9: Market Overview
MARKET OVERVIEW costco FHPRSEMK SHIPPING — cosco sina itematoal tong Kon)
Slide 10: Competitive Landscape & Strategic Capabilities
COMPETITIVE LANDSCAPE & Strengths STRATEGIC CAPABILITIES Accelerate the transformation from a traditional shipping service provider to a world-leading provider of green, low- Political carbon, digital, and intelligent shipping P Red Sea tensions and the Cape of Good Hope detour increased voyage time
Slide 11: Market Performance
MARKET PERFORMANCE Global Shipbuilding Market China Container Market A total of 2,036 vessels were ordered worldwide, with 56.43 million CGT, TEU (thousand) representing a year-on-year decline of 27% by CGT. 1000 A total of 1,930 vessels were delivered worldwide, totaling 43.78 million CGT, 800 up 6
Slide 12: Result Highlights
costo SHPASEMK SHIPPIN 1G RNC EZIZ~ COSCO SHIPPING Intemational (Hong Kong)
Slide 13: FY2025 Financial Highlights
FY2025 FINANCIAL HIGHLIGHTS Revenue Profit Attributable Market to Shareholders Capitalization +2% +9% +45% HK$3,706m HK$771m HK$9.1bn* Operating EPS DPS Profit +50% +9% +29% HK$288m 52.6 HK Cents 62 HK Cents *As at end-2025 13
Slide 14: FY2025 Financial Highlights
FY2025 Revenue Operating Profit PBT FINANCIAL HIGHLIGHTS Total Core Total Core Total Core +2% +6% +50% +17% +11% +16% Gross Margin PBT Margin Revenue (HK$ thousand) Operating income (HK$ thousand) PBT (HK$ thousand) 2024 2025 2024 2025 2024 2025 3,705,731 24.1% 23.6% 3,627,126 287,927 783,882 873,30
Slide 15: Sustainable Return for Long Term
SUSTAINABLE RETURN FOR LONG TERM A total of 276.5 HK Cents have been distributed to 60 Earnings per Share (HK cents) shareholders since 2016 50 40 PBT from Core-Shipping Services (HK$ 000') 30 800,000 20 600,000 10 CAGR since 2016 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 400,000 Dividend
Slide 16: FY2025 Financial Highlights: Revenue and PBT Breakdown
FY2025 Revenue FINANCIAL HIGHLIGHTS (HK$ thousand) 2024 2025 Insurance 2,000,000 Revenue Breakdown Ship Trade 6% 4.1% 1,814,163 1,500,000 1,633,405 1,681,171 General Trading 1,344,147 Insurance 6.1% 3.8% 1,000,000 Ship Trade 3% Coatings 44.1% Coatings 500,000 37.1% 153,719 220,994 223,469 139,444 10
Slide 17: FY2025 Financial Profile
FY2025 FINANCIAL PROFILE (HK$ thousand) 2024 2025 Current Ratio Quick Ratio 5.65 5.26 Investment in JVs 759,695 874,368 7.31 6.92 Investment in Associates 166,139 246,565 Non-Curernt Deposits - 1,023,753 Non-Current Assets 1,770,027 3,016,961 Inventories 401,734 450,278 Debt-Equity Ratio Cash-Equity
Slide 18: Segment Performance
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Slide 19: Ship Trading Agency
SHIP TRADING AGENCY PBT +63% YoY on surging newbuild deliveries Volume (no. of ships) PBT (HK$ thousand) 1H2024 2H2024 1H2025 2H2025 2024 2025 19 106,866 70 Key takeaways Newbuild order 65,447 58 PBT margin at 69.5% vs 61.1% in 2024. 120 Total number of new build vessels delivery was 52 in 10 2025 v
Slide 20: Insurance Brokerage
INSURANCE BROKERAGE PBT +6% YoY on premium rate hike in hull, P&I and war risk insurance PBT (HK$ thousand) PBT (HK$ thousand) 2024 2025 1H2024 2H2024 1H2025 2H2025 141,916 150,286 75,808 83,841 Key takeaways 66,008 66,445 Sales increased 1% YoY to HK$223,469,000. PBT margin at 67.3% vs 64.2% in 202
Slide 21: Supply of Marine Equipment
SUPPLY OF MARINE EQUIPMENT PBT -41% YoY as key customers tighten procurement budgets PBT (HK$ thousand) PBT (HK$ thousand) 2024 2025 1H2024 2H2024 1H2025 2H2025 114,114 56,853 57,261 54,103 Key takeaways 67,755 Revenue down 7% YoY, PBT down 41% YoY. 13,652 PBT margin at 4.0% vs 6.3% in 2024. Ongoing
Slide 22: Coatings - COSCO Kansai
COATINGS - COSCO KANSAI PBT +166% YoY, profit jumped with increasing market share PBT (HK$ thousand) 2024 2025 1H2024 Sales Volume (tonnes) 2H2024 1H2025 2H2025 Key takeaways 79,000 14,790 PBT margin improved to 4.8% from 2.2% in 26,119 2024. Container 28,723 29,753 China’s container market extended
Slide 23: Coatings - Jotun COSCO
COATINGS - JOTUN COSCO Profit +17% YoY, capacity focuses on high margin products Share of profit (HK$ thousand) Sales Volume (thousand litres) 1H2024 2H2024 1H2025 2H2025 Key takeaways 2024 2025 337,553 39,233 Share of profit from Jotun COSCO was 288,324 41,406 HK$337,553,000, up 17% YOY. Newbuild 48
Slide 24: Coatings - Nasurfar
COATINGS - NASURFAR Profit +19% YoY, supported by strong marine coatings demand Key takeaways Share of profit from Nasurfar Changshu was HK$13,843,000, up 19% YOY. Demand for container coatings and vessel coatings remained robust in 2025. Share of profit (HK$ thousand) Share of profit (HK$ thousand) A
Slide 25: Intelligent Shipping Services
INTELLIGENT SHIPPING SERVICES Revenue +265% YoY, development to accelerate with new capital structure Revenue (HK$ thousand) Revenue (HK$ thousand) Key takeaways 2024 2025 1H2024 2H2024 1H2025 2H2025 4,833 Revenue +265% YoY in 2025, +76% HoH. 3079 A loss of HK$27.93 million was recorded in 1754 2025
Slide 26: Investment in Associates
INVESTMENT IN ASSOCIATES Share of profit from FBR remained stable amid volatile shipping market Shanghai JOYFuel Green Energy Co., Ltd. Share of profit (HK$ thousand) Share of profit (HK$ thousand) 2024 2025 1H2024 2H2024 1H2025 2H2025 7,402 10,010 10,087 6,144 Expected to commence production in 2H27.
Slide 27: Q&A
Q&A 27
Slide 28: Appendix
APPENDIX costo SHPASEMK SHIPPING RNC EZIZ~ COSCO SHIPPING Intemational (Hong Kong) - SAFE P - SOLVE - - SUSTAIN - - SAVE -
Slide 29: Financials - Income statement summary
APPENDIX 1 Financials - Income statement summary Items HK$ thousand 2024 2025 % Change Revenue 3,627,126 3,705,731 2% Gross profit 845,569 894,526 6% Management fee income 94,570 104,303 10% Other income and gains - net (14,943) 39,262 Sell, admin and general expenses (732,862) (750,164) 12% Operati
Slide 30: Financials - Financial positions summary
APPENDIX 2 Financials - Financial positions summary Items HK$ thousand 31 Dec 2024 30 Jun 2025 31 Dec 2025 % Change PPE 195,902 198,461 196,192 1% Investment in JVs 759,695 690,161 874,368 -21% Non-current bank deposits 0 1,032,677 1,023,753 1% Total non-current assets 1,770,027 2,809,714 3,016,961
Slide 31: 5-Year Semi-annually segment revenue
APPENDIX 3 5-Year Semi-annually segment revenue Segment Revenue HK$ thousand 1H2021 2H2021 1H2022 2H2022 1H2023 2H2023 1H2024 2H2024 1H2025 2H2025 Coatings 781,822 903,361 528,020 539,133 428,884 397,161 595,777 748,370 822,892 810,513 Supply of equiment 806,005 772,884 897,724 772,097 907,067 817,9
Slide 32: 5-Year Semi-annually segment PBT
APPENDIX 4 5-Year Semi-annually segment PBT Segment PBT HK$ thousand 1H2021 2H2021 1H2022 2H2022 1H2023 2H2023 1H2024 2H2024 1H2025 2H2025 Coatings 51,160 44,000 49,933 102,429 125,118 129,526 169,697 160,054 204,138 226,258 Supply of equipment 56,604 49,615 52,207 36,819 56,572 50,124 56,853 57,261
Slide 33: Historical PBT of ship-services
APPENDIX 5 Historical PBT of ship-services (HK$ thousand)
Slide 34: 3-Year moving average of equipment, ship trading and insurance combined PBT
APPENDIX 6 3-Year moving average of equipment, ship trading and insruance combined PBT (HK$ thousand)
Slide 35: Disclaimer
DISCLAIMER This presentation has been prepared by COSCO SHIPPING International (Hong Kong) (the “Company”, together with its subsidiaries, the “Group”) solely for information purposes and the information contained herein has not been independently verified. No representation or warranty, express or
Slide 36: (COSCO SHIPPING INTERNATIONAL (HONG KONG) CO, LTD, PES SEER Se) aRAA
(COSCO SHIPPING INTERNATIONAL (HONG KONG) CO, LTD, 2 PES SEER Se) aRAA
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