China Ship Leasing (03877) announced interim results. Shareholders should account for profit of HK$1,222 billion, an increase of 10.6% over the previous year

According to the Zhitong Finance App, China Ship Leasing (03877) announced results for the six months ended June 30, 2026, with revenue of HK$1,911 billion, down 5.3% year on year; profit attributable to the company's equity shareholders was HK$1,222 billion, up 10.6% year on year; basic profit per share was HK$0.197.

The decline in operating income was mainly due to the expiration and settlement of several financial leasing projects and early customer repurchases last year, leading to a decline in the interest income base; the main drivers of net profit growth in the current period include: first, the upward trend in the tanker market due to geopolitical influence, and a significant increase in the profit contribution of joint ventures; second, the group seizes high-price windows to dispose of ships to obtain asset value-added income; third, continued optimization of the financing structure, and financial expenses have declined, making a positive contribution to the Group's profits. Furthermore, the Group's asset non-performing ratio continues to be low, and the overall asset quality remains stable.