Liaoning Port reports strong half-year profit jump, names new deputy general manager

Liaoning Port Co. Ltd. reported a net profit attributable to shareholders of RMB955,747,258.23 for the first half of 2025, an increase of 110.8% year-on-year. Basic earnings per share rose to RMB4.00 cents, up 111.7%. This growth was primarily driven by increased warehousing revenue from oil products and stronger grain and container businesses, offsetting declines in bulk and general cargo. Enhanced cost control, credit impairment reversals, and higher investment income also contributed. Total revenue reached RMB5,692,674,662.40, a 5.9% increase, while the gross profit margin improved by 8.5 percentage points to 31.5%.

The company's total assets stood at RMB57,731,364,852.63 with a gearing ratio of 24.2%, a decrease of 3.2 percentage points from year-end 2024, reflecting repayment of interest-bearing debts. The group maintained a robust financial position with RMB5,223,372,080.46 in cash and cash equivalents.

In a related announcement, Mr. Li Shuibo was appointed as the new deputy general manager of Liaoning Port Co. Ltd., effective from August 28, 2025. This strategic leadership addition aligns with the company's continued focus on strengthening its port operations and logistics services.