In the first half of 2024, CDB Leasing reported an overall profit decline of 4% compared to the same period in 2023, bringing total profits down to RMB2.6 billion. This reduction was largely driven by underperformance in the aircraft leasing segment, which incurred notable losses. Despite this broader decline, the company’s ship leasing segment performed exceptionally well. During this period, CDB Leasing achieved a record level of new investments in ship leasing, totalling RMB9.1 billion (approximately $1.3 billion). This substantial investment supported the delivery and chartering of 15 newbuild ships, reflecting a robust expansion in their shipping portfolio. The ship leasing segment itself saw a remarkable 24% increase in pre-tax profit, rising to RMB437.9 million. This gain contrasts with the overall profit drop and underscores the segment's strong performance. The impressive growth in the ship leasing sector highlights a key area of success for CDB Leasing, counterbalancing the losses experienced in other areas of its business.