Jia Hong Logistics (2130.HK) announced its 2026 interim results, with profit for the period rising 78.5% year-on-year to HK$34.1 million. Jia Hong Express turned a profit, driving an improvement in overall profitability.

Announces 2026 Interim Results

Profit for the period increased by 78.5% year-on-year to HK$34.1 million.

Jia Hong Express returned to profitability, contributing to an improvement in overall earnings.

(31 August 2026 – Hong Kong) C.H. Robinson Logistics International Holdings Limited (“C.H. Robinson Logistics” or the “Company”, together with its subsidiaries, collectively referred to as the “Group”, Stock Code: 2130 $CN LOGISTICS (02130.HK)$ ) is pleased to announce the unaudited consolidated interim results for the six months ended 30 June 2026 (the “Period”).

During the Period, the global logistics industry forged ahead against a backdrop of geopolitical uncertainties, shifts in trade policies, and uneven consumer demand across major economies. Global air freight volume is expected to remain broadly flat, reflecting market characteristics such as shifting trade routes and rising cost pressures. Nevertheless, the continued expansion of global e-commerce continues to bring favorable growth opportunities to the logistics industry, driving sustained increases in demand for efficient warehousing, international transportation, and last-mile delivery services. Seizing these opportunities, we leveraged our strong market reputation to successfully secure business from the three largest e-commerce platforms in mainland China.

Against this macro environment, C.H. Robinson Logistics continued to focus on enhancing operational efficiency, optimizing its business portfolio, and improving profitability. During the reporting period, the Group recorded encouraging operational performance, with revenue increasing by 11.8% year-on-year to HK$1,633.7 million (first half of 2025: HK$1,461.5 million), and profit for the Period rising by 78.5% year-on-year to HK$34.1 million (first half of 2025: HK$19.1 million).

The Board declared an interim dividend of HK1 cent per ordinary share of the Company for the reporting period (first half of 2025: HK1 cent).

Regional Analysis – Greater China

In Greater China, revenue from the Group’s operations in mainland China and Hong Kong increased by 17.6% year-on-year to HK$727.2 million (first half of 2025: HK$618.5 million), primarily driven by strong growth in e-commerce volumes from China and Hong Kong to African and European countries. In Hong Kong, the Group continued to enhance the efficiency of its business-to-consumer (“B2C”) warehousing and distribution operations; in mainland China, profitability benefited from ongoing workforce optimization and prudent expense management.

Regional Analysis – Southeast Asia

In Southeast Asia, the Group capitalized on opportunities arising from the continued diversification of supply chains and the relocation of export-oriented manufacturing activities, further consolidating its position in the region by supporting manufacturing clients serving the US market. As a result, during the reporting period, revenue contributed by the Vietnam and Cambodia offices increased by 53.5% and 190.6% respectively, to HK$80.4 million and HK$34.0 million.

Amidst the changing geopolitical and trade dynamics in the region, the Group’s business performance in Japan and South Korea also improved during the Period. Management believes that the Group’s diversified presence in Asia will continue to enhance its ability to capture opportunities presented by the evolving global supply chain landscape.

Regional Analysis – Europe

Europe remains a vital conduit connecting high-quality Asian products with consumers possessing strong purchasing power. Amid persistent macroeconomic uncertainties and evolving global trade dynamics, the Group has implemented appropriate operational adjustments in response to changing market conditions. During the period, the Group’s Italian office contributed revenue of HK$360.1 million (H1 2025: HK$349.7 million). Leveraging KLN Logistics’ established presence in key European markets, the Group continues to provide comprehensive logistics solutions to long-term clients.

KLN Express – Enhancing Profitability Through Business Optimization

KLN Express remains one of the Group’s key strategic initiatives, reinforcing its position in the rapidly evolving cross-border e-commerce logistics market. During the period, KLN Express optimized its business portfolio by focusing on high-value cross-border e-commerce logistics services. Leveraging KLN Express’s integrated logistics network, dedicated parcel management systems, and extensive experience in cross-border fulfillment, it continues to provide one-stop logistics solutions to leading global e-commerce platforms.

Consequently, KLN Express returned to profitability during the reporting period and became a key contributor to the improvement in the Group’s overall earnings. It recorded revenue of approximately HK$289.1 million (H1 2025: HK$246.1 million), accounting for approximately 17.7% of the Group’s total revenue. The primary drivers of profit and revenue growth were the robust increase in e-commerce volumes from China and Hong Kong to African and European countries, as well as new business opportunities arising from collaborations with large-scale e-commerce platforms.

Cruise Logistics – Steady Development Amid Industry Recovery

Benefiting from the gradual recovery of global tourism and cruise activities, demand for cruise logistics services remained largely stable. The Group maintained long-term relationships with existing customers and continued to provide high-quality provisioning and logistics services during the period. Cruise logistics revenue amounted to approximately HK$213.0 million (H1 2025: HK$254.9 million), representing approximately 13.0% of the Group’s revenue. Gross profit increased by 3.4% to approximately HK$83.2 million (H1 2025: HK$80.5 million), reflecting the stability of this segment.

Outlook

Despite ongoing geopolitical tensions, shifting tariff policies, and continued volatility in global trade trends, KLN Logistics remains cautiously optimistic about the long-term prospects of the logistics industry. Although the short-term operating environment is expected to remain challenging, the steady growth of cross-border e-commerce and the increasing demand for integrated value-added logistics solutions will drive the industry’s long-term development. The Group will continue to focus on strengthening its core competencies and enhancing operational efficiency, while maintaining prudent financial and risk management.

KLN Logistics will prepare itself through the following strategic initiatives to seize opportunities as market conditions gradually recover:

– Continue to strengthen the strategic development of KLN Express through ongoing optimization of the business portfolio, while deepening cooperation with leading global e-commerce platforms to benefit from the continuous expansion of global cross-border e-commerce.

Leveraging the Group's existing footprint in Southeast Asia, we are strengthening our regional service capabilities and focusing on enhancing the competitiveness of our current regional network to seize opportunities arising from the ongoing evolution of global supply chains.

Mr. Yan Tianrong, Executive Director and Chief Executive Officer of GHL Logistics, stated: "We are pleased to report a significant improvement in the Group's profitability during the period. GHL Express turned profitable, which, together with continued cost control and operational optimization, fully demonstrates our efforts in improving business quality and operational resilience. Looking ahead, e-commerce logistics will continue to be a major growth engine, supported by the ongoing expansion of cross-border online shopping and rising demand from international e-commerce platforms. We will continue to develop GHL Express, strengthen cooperation with leading platforms, and leverage our integrated logistics network to capture these opportunities."

Mr. Yan added: "We will continue to leverage our established business presence in Southeast Asia to capitalize on opportunities driven by dynamic global supply chains and export-oriented manufacturing clients, with Vietnam and Cambodia remaining key markets. In the face of evolving geopolitical and trade dynamics, the Group will maintain a prudent approach to resource allocation and cost control, while continuing to focus on its core logistics business and operational efficiency. We will also continue to strive for sustainable growth and create long-term value for shareholders."

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