Chu Kong Shipping expects first-half profit to fall up to 70 per cent

Hong Kong-based Chu Kong Shipping Enterprises has announced it expects its consolidated profit to be between HKD20 million ($2.5 million) and HKD30 million ($3.8 million) for the six months ended June 30, 2025. This represents a decrease of 55 to 70 per cent compared to the HKD67.1 million profit recorded in the same period last year.

The company attributed the expected decrease in profit mainly to two factors. It stated that global trade friction, including a reignited tariff dispute between the United States and China, caused the group’s cargo transportation and handling volume to decrease.

Additionally, the company said the opening of the Shenzhen-Zhongshan Link bridge on June 30, 2024, has negatively affected the performance of its cross-border waterway passenger transportation business.

Despite the expected profit drop, the company stated it maintains a healthy cash flow and financial position. The figures are based on a preliminary review of unaudited management accounts, with official interim results expected by the end of August 2025.