The group, which only releases earnings through listed units like China Cosco Holdings and Cosco Shipping, made CNY 5.04bn ($809.26m) overall last year, Zehua told the Xinhua news agency.

Operating revenues were up 2% year-on-year, but no figure was given.

Its debt ratio fell 4.4% to 55.4% at year-end.

The group is now targeting an annual profit margin of between 4% and 5.5%