Hong Kong – Tianjin Port Development announced unaudited interim results for the six months ended 30 June 2026, highlighting stronger pricing and higher operating efficiency across its core cargo-handling businesses.
Revenue from continuing operations grew 14.50% year on year to HK$6.32 billion, driven by a 15.80% increase in cargo-handling income and an 11.10% rise in ancillary port services. Gross profit advanced 23.06% to HK$2.39 billion, lifting the gross margin to 37.8% from 35.1% a year earlier.
Profit attributable to equity holders climbed 35.05% to HK$467 million. Basic earnings per share rose to HK7.6 cents, compared with HK5.6 cents in the prior-year period. The board did not declare an interim dividend.
Total cargo throughput reached 234 million tonnes, up 2.10%. Container volumes increased 5.80% to 11.21 million TEUs, while non-containerised cargo handled gained 3.50% to 130.75 million tonnes. Higher tariffs supported a 26.40% uplift in the blended unit price of container handling to HK$216.10 per TEU; the average non-containerised rate improved 5.70% to HK$31.00 per tonne.
Administrative expenses rose 15.30% to HK$1.03 billion, reflecting higher staff costs. Finance costs fell 25.51% to HK$70.36 million on lower average borrowings and interest rates. Share of profit from associates and joint ventures increased 25.46% to HK$224.67 million.
The balance sheet remained liquid: cash and cash equivalents totalled HK$7.26 billion against HK$4.32 billion in borrowings, reducing the gearing ratio to 12.9% from 14.0% at end-2025. Net cash generated from operations amounted to HK$1.44 billion, funding HK$347 million in capital expenditure. Capital commitments stood at HK$4.76 billion.
On 22 June 2026 subsidiary Tianjin Port Holdings signed an all-share acquisition agreement with Tianjin Port (Group) to purchase 100% stakes in Tianjin Port Second Container Terminal and Tianjin Port Huisheng Terminal; valuation work is ongoing and may result in a deemed disposal at the parent-company level.
Management reiterated its focus on automation, clean-energy initiatives and integration of port, industry and city development to reinforce competitiveness amid a challenging global trade backdrop.