Jinjiang Shipping Subsidiary Signs 4 Container Ship Construction Contracts

　　On the evening of March 11, Jinjiang Shipping (601083) announced that its wholly-owned subsidiary Manqiang Shipping Co., Ltd. and its wholly-owned single-ship company signed four container ship construction contracts with Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Hongyuan Shipbuilding Co., Ltd., with a total contract value of 820 million yuan. The four 1800TEU container ships are scheduled to be delivered successively starting in June 2028.

　　Jinjiang Shipping is a comprehensive shipping company mainly engaged in international and domestic maritime container transportation business. For many years, it has been deeply cultivating Northeast Asia, Southeast Asia, and domestic routes. The company consolidates its traditional advantageous routes and strengthens its performance base; further deepens its differentiated advantages, focusing on creating a second growth pole in Southeast Asia; lays out emerging regional markets, weaves a dense network of Asian regional route radiation, and promotes the further enhancement of route competitiveness and brand influence.

　　Regarding this investment, Jinjiang Shipping stated that the decision to invest in shipbuilding is a prudent decision based on the company's strategic planning and business development needs. This batch of newly built ships will enhance the company's fleet size, meet the company's route expansion needs in the Southeast Asia region, and improve the capacity structure of the company's Southeast Asia routes; at the same time, it will also provide capacity assurance for enriching the "Silk Road Express" series of boutique routes, further assisting the company in continuing to replicate the boutique service concept in the Southeast Asia region.

　　In addition, the company will further promote the upgrade of route connections between the Northeast Asia region and the Southeast Asia region, bringing more abundant route services to customers within the region, and assisting in improving the quality and efficiency of route operations.

　　In terms of operating performance, on October 31 last year, Jinjiang Shipping released its third-quarter report for 2025, showing that in the first three quarters of last year, Jinjiang Shipping achieved operating revenue of 5.178 billion yuan, a year-on-year increase of 21.37%; net profit attributable to the parent company was 1.185 billion yuan, a year-on-year increase of 64.76%. In the first three quarters of 2025, the container freight volume in the Asian region grew steadily, the company's traditional advantageous routes maintained a differentiated competitive advantage, and the Shanghai-Japan route and the Shanghai cross-strait route continued to hold the first market share; in addition, the company focused on expanding Southeast Asia regional routes, strengthening regional route linkage, and the company's operating performance in the first three quarters increased year-on-year.

　　Subsequently, Jinjiang Shipping held a third-quarter performance briefing, where the company's future route opening plans and other topics were the focus of investors' attention.

　　Jinjiang Shipping stated that on one hand, the company will continue to consolidate the service quality of traditional advantageous routes in Northeast Asia and cross-strait areas, maintaining a stable market share to support the company's operating performance; on the other hand, the company will continue to summarize and optimize the service experience of the Southeast Asia "Silk Road Express" boutique routes, seeking more opportunities to replicate boutique routes within the region, continuously enhancing the service level of Southeast Asia routes, and extending brand influence. In addition, while expanding into South Asia, the Middle East, and other regional markets, the company will continue to extend the service reach and cargo collection fan of emerging regional routes, further weaving a dense Asian regional service network, and seizing growth opportunities in emerging markets.