Yancheng Port (08310) transferred a total market value of HK$233 million, accounting for 57.46%, transferred 740 million shares from Jinfeng Securities

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange showed that on July 28, Yancheng Port (08310) had a position change, with a total market value of HK$233 million, accounting for 57.46%. The company's shareholders transferred 740 million shares to Huatai Hong Kong and 740 million shares from Kingston Securities.

On July 28, Yancheng Port issued an announcement. Based on current 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) growth in the scale of the trading business and 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.