YANCHENG PORT (08310) Issues Profit Warning, Anticipates Annual Loss of Approximately HK$19.2 Million

Stock News
Mar 16

YANCHENG PORT (08310) announced that, based on current information and a preliminary assessment of the Group's unaudited consolidated management accounts for the year ending December 31, 2025, the Group is expected to:

(1) Record a loss of approximately HK$19.2 million for the reporting year. This represents a decrease of about 58.4% compared to the loss of approximately HK$46.2 million recorded for the year ended December 31, 2024. The loss is primarily attributable to (i) growth in the scale of trade business and a significant improvement in profit margins; (ii) increased revenue from the petrochemical storage business segment, while costs and expenses remained stable; and (iii) the Company's continued implementation of cost-reduction and efficiency-enhancement measures, leading to effective control of administrative expenses.

(2) Record revenue of approximately HK$1.066 billion for the reporting year, an increase of about 36.4% compared to the revenue of approximately HK$782 million recorded in the previous year. The revenue growth was mainly driven by the expansion of the trade business scale and steady growth in petrochemical storage revenue.

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