China Merchants Port (001872.SZ) reported first-half results, net profit of 2,547 billion yuan, an increase of 33.88% year-on-year

According to the Zhitong Finance App, China Merchants Port (001872.SZ) released its 2024 semi-annual report, with revenue of 7.975 billion yuan, an increase of 2.31% over the previous year. Net profit attributable to shareholders of listed companies was 2,547 billion yuan, an increase of 33.88% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was $2,164 billion, an increase of 20.14% over the previous year. Basic earnings per share were $1.02.

In the first half of 2024, both domestic and overseas port markets showed a relatively rapid growth trend. The company's port business performance was superior to the overall level of the industry, and the market share in major regions increased. The company's port projects completed a total container throughput of 95.786 million TEU, up 10.0% year on year; port bulk cargo throughput was 640 million tons, up 1.0% year on year. In terms of container business, the mainland port project completed a container throughput of 74.573 million TEU, an increase of 10.1% year on year; Hong Kong and Taiwan completed a total container throughput of 2.924 million TEU, up 4.8% year on year; overseas port projects completed a total container throughput of 18.289 million TEU, up 10.6% year on year. In terms of the bulk goods business, the mainland port project completed a total of 630 million tons of bulk goods throughput, an increase of 0.7% over the previous year; overseas ports completed 4.696 million tons of bulk goods, an increase of 67.9% over the previous year.