Zhuhai Port adjusts accounting, expands financial operations

Zhuhai Port has announced a change in accounting estimates for expected credit losses on national renewable energy subsidies, effective December 1, 2025. This adjustment, approved by the board on December 10, 2025, aims to better reflect the company’s financial condition and is expected to increase the total profit for the year by approximately 1.81 million yuan. Concurrently, the company will adopt an updated expected loss rate calculation model for its accounts receivable from electricity supply.

In addition, Zhuhai Port and its subsidiaries plan to engage in foreign exchange derivative hedging activities for 2026. This initiative aims to manage currency and interest rate risks, with an estimated maximum transaction collateral and premium of $500m and a daily maximum contract value not exceeding $5bn. These activities, which include interest rate swaps, foreign exchange swaps, and options, are designed to enhance financial stability without speculative intent.

Furthermore, Zhuhai Port will apply for a comprehensive credit line from banks totaling up to 11.28 billion yuan. This credit will support working capital, offshore direct loans, letters of credit, and other financial instruments, providing flexibility for the company's operational needs and growth in 2026.