---
title: "Highton Development released its semi-annual performance report, with a net profit attributable to the parent company of 86.87 million yuan, a year-on-year decrease of 64.14%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249369785.md"
description: "Highton Development released its semi-annual report for 2025, with revenue of 1.8 billion yuan, a year-on-year increase of 6.74%; net profit attributable to shareholders of the parent company was 86.87 million yuan, a year-on-year decrease of 64.14%; and net profit excluding non-recurring gains and losses was 85.83 million yuan, a year-on-year decrease of 58.31%. During the reporting period, the global economy and the dry bulk shipping market faced increased pressure, leading to a significant decline in prices in the overseas dry bulk shipping market and a notable compression of industry profit margins. Despite the company's continuous expansion of capacity and market, rising operating costs and the incomplete release of benefits from newly purchased vessels resulted in a substantial decline in operating profit"
datetime: "2025-07-21T09:23:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249369785.md)
  - [en](https://longbridge.com/en/news/249369785.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249369785.md)
generator: "portal-rs"
---

# Highton Development released its semi-annual performance report, with a net profit attributable to the parent company of 86.87 million yuan, a year-on-year decrease of 64.14%

According to the Zhitong Finance APP, Highton Development (603162.SH) disclosed its semi-annual report for 2025, reporting revenue of 1.8 billion yuan, a year-on-year increase of 6.74%; net profit attributable to the parent company of 86.87 million yuan, a year-on-year decrease of 64.14%; net profit excluding non-recurring items of 85.83 million yuan, a year-on-year decrease of 58.31%; and basic earnings per share of 0.10 yuan.

During the reporting period, the total profit decreased by 151.978 million yuan year-on-year, a decline of 62.61%, mainly due to the significant decline in prices in the overseas dry bulk shipping market in the first half of 2025 against the backdrop of multiple pressures on the global economy and the dry bulk shipping market. The average BDI, BCI, BPI, and BSI in the first half of 2025 were 1,290, 1,904, 1,189, and 889 points, respectively, representing year-on-year decreases of 30%, 33%, 33%, and 30%, with a significant short-term decline in freight rates.

Although the company continues to expand its self-operated capacity, improve market capacity utilization, and further develop the global market while deepening the globalization of ship operations, achieving counter-cyclical revenue growth with the increase in business scale, the year-on-year decline in market prices has still significantly compressed the industry's profit margins in the short term. Additionally, the company's operating costs have steadily increased with the expansion of business scale, and the company's maintenance and repair of existing and newly purchased vessels, energy-saving and emission-reduction initiatives, and low-carbon environmental equipment upgrades have led to a substantial year-on-year increase in ship maintenance and material spare parts expenditures. The benefits of the newly added capacity have not yet been fully realized in the initial operational phase, resulting in a significant year-on-year decline in the company's operating profit

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**