Chu Kong Shipping Enterprises (CKS) reported a 55.6 per cent drop in profit for the year ended December 31, 2025, as geopolitical tensions and local competition weighed on its logistics and passenger segments.
The company recorded a consolidated revenue of HK$2.55 billion ($330 million), representing a decrease of 6.9 per cent compared with the previous year.
Profit attributable to shareholders amounted to HK$52 million, which the company attributed to frequent geopolitical conflicts and rising tariff barriers. This performance was further impacted by the structural weakening of Hong Kong as an international maritime centre, according to the company.
Container transportation volume within the logistics sector fell by 13.3 per cent to 1.148 million TEU. Break bulk cargo transportation volume decreased by 68.4 per cent to 272,000 tons, a drop the company said was mainly due to a "sluggish gravel bulk cargo market".
CKS noted that the opening of the Shenzhen–Zhongshan Link, which diverted traffic from traditional waterway routes, impacted cross-border passenger ferry volumes. Despite this, terminal services handled 1.204 million passengers, representing a 3.6 per cent increase.
Its subsidiary Sun Ferry Services recorded 11.167 million passengers for its local ferry operations, representing a decrease of 1.8 per cent. The company said it commissioned two new vessels, the Xin Ming Zhu XI and Xin Ming Zhu XII, to enhance service quality and safety.
For 2026, CKS stated it is focused on building a comprehensive logistics platform and expanding its presence in Southeast Asia.