Hengtong has disclosed progress on its shareholder share increase plan. After SONG JIANBO, a person acting in concert with the controlling shareholder, completed an initial 50 million yuan increase, he will increase his holdings by another 50 million yuan. At the same time, the controlling shareholder Nanshan Group will increase its holdings by up to 100 million yuan, bringing the total increase plan to 200 million yuan. The company's first-half earnings forecast shows that net profit attributable to the parent is expected to be between 166 million and 203 million yuan, a year-on-year increase of 66.94 percent to 104.03 percent, mainly due to the commissioning of productive berths at its wholly owned subsidiary Shandong Yulong Port Services, which boosted port business profits. In addition, the company plans to invest up to 600 million yuan in the first phase to build a digital smart industrial park on Bintan Island in Indonesia, exploring a collaborative model between digital data services and physical logistics. The share increase and earnings growth reinforce each other, helping to stabilize market expectations.
Hengtong Logistic Co LtdShareholder share increase plan raised to 200 million yuan and strong first-half net profit growth of up to 104%.