Liaoning Port reports first quarterly 2025 results, proposes article amendments

Liaoning Port (PDA) Company (HKEX:2880) announced its unaudited first-quarter results for 2025, alongside proposed amendments to its Articles of Association. The results reflect a decrease in operating income of 12.51% year-over-year, to CNY2,527,150,885.94, and a 45.09% drop in net profit attributable to equity holders of the Company, amounting to CNY204,230,577.18. Basic earnings per share decreased by 44.90% to CNY0.008544. The company attributes the profit declines primarily to decreased oil storage revenue and reduced volumes in bulk and general cargo. Net cash flows from operating activities significantly increased by 338.31% to CNY866,853,407.19 due to the recovery of long-term customer arrears.