Hengtong Logistics disclosed its first-half 2026 earnings preview, projecting net profit attributable to owners of the parent company of 165.88 million yuan to 202.73 million yuan, a year-on-year increase of 66.94% to 104.03%. The company said the expected profit growth is mainly due to the operational berths of its wholly-owned subsidiary Shandong Yulong Port being put into use. As the operating rates and production capacity of core enterprises in the Shandong Yulong Petrochemical Industrial Park gradually ramp up, terminal throughput and port utilization have increased significantly, driving a notable rise in profit for the port business segment. In addition, the company recently advanced a share buyback plan, intending to use its own funds to repurchase shares through centralized bidding for cancellation and reduction of registered capital. The total buyback amount is no less than 80 million yuan and no more than 100 million yuan. As of the end of June 2026, it had cumulatively repurchased 42,200 shares.
Hengtong Logistic Co LtdNet profit expected to rise 66.94%-104.03% due to port operations ramp-up, and share buyback plan announced.
Subsidiary Shandong Yulong Port's berths operational, terminal throughput and port utilization increased significantly.