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China Merchants Energy Shipping: Net profit of 2.76B yuan in the first quarter, up 219.31% year-on-year
China Merchants Energy Shipping Announcement, Q1 2026 operating revenue of 8.56B yuan, up 52.92% year-on-year.
Net profit of 2.76B yuan, up 219.31% year-on-year.
The growth in operating revenue is due to the oil tanker segment benefiting from improved supply and demand structure and geopolitical factors, with freight rates continuing to rise;
The dry bulk segment’s BDI index increased significantly year-on-year.