Jiayou International Logistics said its Mongolia coal supply chain business drove a sharp rise in first-half net profit, with the second quarter particularly strong, prompting the company to unveil a high cash dividend plan that underscores earnings quality and shareholder return commitment.

Revenue stood at 3.97 billion yuan ($0.59 billion)  in the reporting period, down 2.88% year on year, while net profit attributable to shareholders rose 30.39% to 731 million yuan, with non-GAAP net profit up 30.99% at 721 million yuan. Basic earnings per share reached 0.54 yuan.

Second-quarter net profit alone surged 34.9% year on year to 404 million yuan, significantly beating market expectations.

By business segment, the company operates cross-border multimodal logistics services, supply chain trading and international inland port operations. Although lower supply chain trading revenue dragged overall turnover slightly down, the high-margin logistics services and inland port operations contributed the bulk of profit growth.

In the China-Mongolia market, cargo throughput at Ganqimaodu port hit a record high, with the company leveraging its core warehousing resources to maintain the top position in coal and copper concentrate import handling, while winning a cross-border railway international logistics project that consolidated its core advantages.

In the Central Asia market, delivery volumes at Khorgos port jumped 96% year on year, with standardized operations and new client acquisition driving a leap in regional competitiveness.

Africa emerged as a new growth pole, with steady increases in traffic on the Kasai project in the Democratic Republic of Congo, and the Sakania-Ndola highway in Zambia officially opened to traffic generating stable revenue. Combined with the breakthrough of the "Dar es Salaam Express" charter shipping business, the company has built an integrated service system spanning cross-border land transport, port hubs and port warehousing.

Financial expenses also fell sharply due to exchange rate movements, further boosting net profit.

On dividends, the company plans to distribute 0.28 yuan per share in cash (including tax), totaling 380 million yuan (including tax), representing 51.98% of first-half 2026 net profit attributable to shareholders.

Looking ahead, deepening economic and trade cooperation along the Belt and Road route, sustained demand from the China-Mongolia-Russia economic corridor and China-Central Asia channels, plus strong infrastructure logistics demand driven by African mineral resource development, provide ample room for growth in the company's core business.

However, the company faces risks from declining international trade volumes due to macroeconomic volatility, geopolitical uncertainty and challenges in overseas project investment management and integration. Exchange rate fluctuations continue to pose potential impacts on overseas operations settled in multiple currencies. Key factors to monitor include the commissioning progress and capacity release of African inland port projects under construction, as well as the impact of changes in core port clearance efficiency on logistics turnover.