Yancheng Port International Co., Limited reported interim results for the six months ended 30 June 2026 (H1 2026) showing a sharp reduction in losses driven by stronger trading volumes and higher utilisation of petrochemical storage assets.

Revenue and profit trends • Revenue climbed 24.3 % year-on-year to HK$639.48 million, led by trading income of HK$623.30 million (97.5 % of total) and petrochemical storage income of HK$16.17 million. Storage revenue nearly doubled, rising 90.3 %. • Gross profit expanded to HK$10.96 million, lifting the gross margin to 1.7 % from 0.3 % a year earlier. • Loss attributable to shareholders narrowed 70.7 % to HK$7.90 million, or a basic loss per share of HK0.61 cents (H1 2025: HK2.09 cents). A HK$9.21 million gain from the sale of subsidiary Worldly Development contributed to the improvement.

Operating cash flow and capex • Net cash generated from operations totalled HK$103.39 million versus an outflow of HK$75.54 million in H1 2025. • Capital expenditure remained minimal at HK$0.46 million, while proceeds from new bank loans (HK$182.82 million) were offset by repayments to connected parties and other lenders, resulting in a HK$89.19 million net financing outflow. • Period-end cash and cash equivalents increased to HK$19.33 million from HK$5.28 million at year-end 2025.

Balance-sheet highlights • Total borrowings rose 27.2 % to HK$587.46 million, shifting HK$245.68 million of listed credit-enhanced bonds into the current portion. • Current liabilities reached HK$1.02 billion, producing net current liabilities of HK$675.25 million and a current ratio of 0.34 (31 December 2025: 0.56). • Net liabilities stood at HK$526.74 million. The negative gearing ratio deepened to 111.5 % as higher borrowings coincided with an enlarged deficit. • Capital commitments contracted but not provided amounted to HK$227.20 million, mainly for property, plant and equipment construction. • A third-party loan of HK$4.22 million is secured against petrochemical storage equipment with a carrying amount of HK$31.30 million.

Business development Yancheng Port cited expanded customer coverage and higher turnover in petrochemical, electronic and soybean trading for the revenue uplift. Storage business growth stemmed from optimised tank scheduling and firmer rental rates. Management plans to maintain prudent operations, streamline resource allocation and monitor macro-economic risks in the second half of 2026.

Dividends No interim dividend was declared.