Yancheng Port Projects 70.6% Narrower Loss for First Half of Fiscal Year 2026

Stock News
07/28

Yancheng Port (08310) has released an announcement indicating that, based on current information and a preliminary assessment of the group's unaudited consolidated management accounts for the six months ending June 30, 2026, it expects to record a loss of approximately HK$7.9 million.

This projected loss represents a reduction of about 70.6% compared to the loss of approximately HK$26.9 million reported for the six months ended June 30, 2025. The narrower loss is primarily attributed to three factors: the growth in the trading business scale and a significant improvement in its profit margins; an increase in revenue from the petrochemical product storage business segment while costs and expenses remained stable; and a disposal gain recognized during the period from the completion of a subsidiary divestiture.

Revenue for the reporting period is expected to reach approximately HK$640 million, an increase of about 24.3% from the HK$515 million recorded in the prior corresponding period. This revenue growth is mainly driven by the expansion of the trading business and the steady increase in petrochemical storage income.

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