Liaoning Port Co. released its 2026 interim report, showing first-half net profit attributable to the parent of 885 million yuan, down 7.4% year on year. Operating revenue was 5.35 billion yuan, down 6.03% year on year. Net profit attributable to the parent after deducting non-recurring items was 783 million yuan, down 17.3% year on year. Net operating cash flow was 3.034 billion yuan, up 6.8% year on year. Earnings per share were 0.0375 yuan. In the second quarter, operating revenue was 2.74 billion yuan, down 13.3% year on year. Net profit attributable to the parent was 526 million yuan, down 30.0% year on year. Net profit attributable to the parent after deducting non-recurring items was 457 million yuan, down 39.1% year on year. As of the end of the second quarter, total assets were 57.387 billion yuan, down 0.3% from the end of the previous year. Net assets attributable to the parent were 40.513 billion yuan, up 0.4% from the end of the previous year. The company said that due to the complex international trade situation and geopolitical conflicts, its main businesses experienced fluctuations. The oil products business saw a sharp decline in crude oil imports because passage through the Strait of Hormuz was blocked. The container business faced pressure from rising international fuel prices. The automobile business was affected by weak domestic market demand. The bulk cargo and bulk grain businesses also faced different challenges. Overall performance declined compared with the same period last year.
Liaoning Port Co LtdFirst-half net profit fell 7.4% and Q2 profit dropped 30% due to trade and geopolitical issues.
