The Zhitong Finance App learned that Haifeng International (01308) opened more than 7% higher and rose 7.43% to HK$50, with a turnover of HK$11.65 million.

According to the news, Haifeng International announced results. Revenue for the first half of the year was US$1,842 million, up 10.67% year on year; profit attributable to shareholders was US$677 million, up 7.39% year on year; and declared an interim dividend of HK$1.50 per share. Among them, the company achieved revenue of 106.98 billion yuan in the second quarter, an increase of 38.52% over the previous quarter; the increase in performance was mainly due to the collaborative efforts of various business sectors, and the overall increase in overall freight volume.

Huatai Securities pointed out that the company's profit for the first half of the year exceeded expectations, mainly due to the company's optimized route layout, improved ship turnover efficiency and loading rate, and cargo volume growth exceeded expectations; on the cost side, the cost of a single box fell short of expectations due to increased cargo volume and route optimization. At the same time, the company announced an interim dividend of HK$1.5 per share, corresponding to a dividend rate of 76%, a further increase from 71% in the same period last year. Looking ahead to the second half of the year, we believe that the shipping market will continue to be booming, and the company's profit may grow further year on month.

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