Yancheng Port (08310) is expected to lose about HK$7.9 million in the medium term, a year-on-year decrease of about 70.6%

Zhitong Finance App News, Yancheng Port (08310) issued an announcement. Based on existing information and preliminary assessment of the Group's unaudited comprehensive management accounts for the six months ended June 30, 2026 (reporting period), the Group is expected to:

Losses of approximately HK$7.9 million were recorded during the reporting period, a decrease of approximately 70.6% compared with losses of approximately HK$26.9 million for the six months ended June 30, 2025 (the previous reporting period). The losses were mainly due to (i) a significant increase in the scale of the trading business and a significant increase in profit margins; (ii) increased revenue from the petrochemical warehousing business segment while costs and expenses remained stable; and (iii) disposal revenue generated by the Company completed disposal of a subsidiary during the reporting period.

Revenue of approximately HK$640 million was obtained during the reporting period, an increase of about 24.3% over revenue of approximately HK$515 million in the previous reporting period. The increase in related revenue was mainly due to the expansion of the scale of trade operations and the steady increase in petrochemical product warehousing revenue.