Haitong Development: 2025 Net Profit Down 15.3% YoY, Proposes 10-for-4.8 Stock Split with 0.5 Yuan Dividend

People’s Financial News, March 19 — Haitong Development (603162) released its annual report on March 19. In 2025, the company achieved operating revenue of 4.443 billion yuan, a year-on-year increase of 21.43%; net profit attributable to shareholders was 465 million yuan, a decrease of 15.3% year-on-year; basic earnings per share were 0.51 yuan. The company plans to distribute 4.8 new shares for every 10 shares held and pay a cash dividend of 0.5 yuan (tax included) to all shareholders. In 2025, the international dry bulk shipping market performed strongly in the second half of the year, with the Baltic Dry Index (BDI) average rising 27.36% year-on-year during the reporting period. The company responded to market changes by appropriately expanding its control capacity, adding 18 new ships through new purchases and leasing (16 ships had been delivered by the end of the reporting period), optimizing global route layout, investing in information technology for refined management, improving operational efficiency, and strengthening its revenue-generating capabilities. Additionally, the company actively expanded its external leasing vessel business, with an increase in external charter shipping operations during this reporting period.