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COSCO SHIPPING Development Co ( (HK:2866) ) just unveiled an announcement.
COSCO SHIPPING Development Co., Ltd. has announced a positive profit alert for the first quarter of 2025, expecting a significant increase in net profit attributable to its owners. The company anticipates a net profit of approximately RMB480 million, marking a 7.38% increase compared to the same period in 2024, and a 57.38% rise from the previous quarter. This growth is attributed to the company’s strategic focus on reform and innovation, leveraging its leasing-manufacturing synergy, and enhancing its industrial-financial service capabilities, which have collectively led to improved quality and efficiency in its operations.
More about COSCO SHIPPING Development Co
COSCO SHIPPING Development Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the shipping industry. The company focuses on container manufacturing, ship leasing, and industrial-financial services, with an emphasis on innovation, high-value product development, and low-carbonization.
YTD Price Performance: -16.43%
Average Trading Volume: 31,161
Technical Sentiment Signal: Sell
Current Market Cap: $3.23B
See more insights into 2866 stock on TipRanks’ Stock Analysis page.
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