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COSCO SHIPPING Development Co ( (HK:2866) ) just unveiled an update.
COSCO SHIPPING Development Co., Ltd. has released its unaudited financial results for the first quarter of 2025, reporting a 9.68% increase in revenue compared to the same period last year, reaching approximately RMB 5.42 billion. The net profit attributable to shareholders rose by 7.56%, while net profit excluding extraordinary gains or losses saw a significant increase of 105.52%. The company also experienced a 41.20% rise in net cash flow from operating activities. These results indicate a positive financial performance and suggest a strong operational momentum for the company, which could enhance its position in the shipping industry and provide favorable implications for its stakeholders.
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, operating in the shipping industry. It is listed on the Shanghai Stock Exchange and focuses on shipping development and related services.
YTD Price Performance: -16.43%
Average Trading Volume: 62,001
Technical Sentiment Signal: Sell
Current Market Cap: $3.41B
For a thorough assessment of 2866 stock, go to TipRanks’ Stock Analysis page.