Liaoning Port sees profit more than double in first half of 2025

Liaoning Port Co. Ltd. reported a net profit attributable to shareholders of 955.7 million yuan for the first half of 2025, marking a substantial increase of 110.8% compared to 453.4 million yuan in the same period of 2024. Total revenue rose by 5.9% to 5.69 billion yuan, while the cost of sales decreased by 5.7% to 3.89 billion yuan, contributing to a 44.9% increase in gross profit to 1.79 billion yuan. The gross profit margin improved by 8.5 percentage points to 31.5%.

The growth was primarily fueled by a 112.5% increase in oil segment revenue due to crude oil warehousing, and increased revenues from the grain and container segments. Container throughput saw a 4.0% year-on-year increase to 5.475 million TEUs. Conversely, bulk and general cargo business revenue decreased by 3.4% due to lower demand for ores and steels.

Basic earnings per share for the period reached 4.00 cents, up 111.7% from 1.89 cents in the first half of 2024. The group's total assets stood at 57.73 billion yuan with a gearing ratio of 24.2%, a decrease of 3.2 percentage points, reflecting a reduction in interest-bearing debts.