China Merchants Energy Shipping's stock price has deviated by more than 20% for three consecutive trading days

Radar Finance | Feng Xiuyu Edited by Li Yihui

On February 26, the stock of China Merchants Energy Transportation Co., Ltd. (Stock Code: 601872, Stock Abbreviation: China Merchants Steamship) experienced a cumulative deviation of over 20% in its closing price over three consecutive trading days on February 24, 25, and 26, 2026, indicating an abnormal fluctuation in stock trading. After self-inspection and verification with the controlling shareholder and actual controller, the company confirmed that recent production and operations are normal, and there is strong demand in the international oil tanker market and dry bulk cargo ship market.

The company currently has no other major undisclosed matters, nor has it found any media reports or market rumors that significantly impact the company’s stock price. The company’s directors and senior executives’ share reduction plans are being implemented as scheduled. The company reminds investors to be aware of trading risks in the secondary market, make rational decisions, and invest cautiously.

According to Tianyancha data, China Merchants Steamship was established on December 31, 2004, with a registered capital of 8,074,538,502 RMB. The legal representative is Feng Boming, and the registered address is Room 912A, 9th Floor, No. 55 Xili Road, China (Shanghai) Pilot Free Trade Zone. Its main business includes international crude oil shipping and international dry bulk cargo shipping.

Currently, the company’s chairman is Feng Boming, the secretary of the board is Kong Kang, with 5,279 employees. The actual controller is China Merchants Group Co., Ltd.

The company has 57 associated companies, including China Merchants Shipping Investment Co., Ltd., China Trade & Shipping (Hong Kong) Limited, Minghai Real Estate Co., Ltd., COSCO International Shipping (Singapore) Pte. Ltd., and Hong Kong COSCO International Shipping Limited.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 29.708 billion RMB, 25.881 billion RMB, and 25.799 billion RMB, respectively, with year-on-year growth of 21.69%, -12.88%, and -0.32%. Net profit attributable to shareholders was 5.086 billion RMB, 4.837 billion RMB, and 5.107 billion RMB, with year-on-year growth of 40.92%, -4.92%, and 5.59%. During the same period, the company’s asset-liability ratio was 48.83%, 40.16%, and 42.16%.

Regarding risks, Tianyancha data shows the company has 17 internal Tianyan risks, 124 surrounding risks, zero historical risks, and 158 warning alert risks.