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An announcement from COSCO SHIPPING Energy Transportation Co ( (HK:1138) ) is now available.
COSCO SHIPPING Energy Transportation reported a strong start to 2026, with first-quarter revenue rising 26.9% year-on-year to RMB 7.30 billion and gross profit more than tripling to RMB 2.95 billion. Net profit attributable to shareholders surged 206.7% to RMB 2.17 billion, while earnings per share climbed to RMB 0.3977 as the company published unaudited results under China Accounting Standards.
Operating cash flow also improved sharply, with net cash generated from operations jumping 262.2% to RMB 3.77 billion, highlighting robust underlying business momentum. The weighted average return on net assets increased by 2.65 percentage points to 4.58%, underscoring a significant uplift in profitability and capital efficiency for shareholders in the first quarter of 2026.
The most recent analyst rating on (HK:1138) stock is a Buy with a HK$26.00 price target. To see the full list of analyst forecasts on COSCO SHIPPING Energy Transportation Co stock, see the HK:1138 Stock Forecast page.
More about COSCO SHIPPING Energy Transportation Co
COSCO SHIPPING Energy Transportation Co., Ltd. is a PRC-incorporated, Hong Kong-listed shipping company specializing in energy transportation. The group focuses on seaborne transport of oil and other energy commodities, positioning itself as a key player in China’s and Asia’s maritime energy logistics chain.
YTD Price Performance: 88.33%
Average Trading Volume: 41,430,640
Technical Sentiment Signal: Buy
Current Market Cap: HK$120.7B
For detailed information about 1138 stock, go to TipRanks’ Stock Analysis page.