Yuanhang Port (08502) released its results for the nine months ended September 30, 2023, with revenue of 138 million yuan (RMB, same below) during the period, an increase of 0.3% over the previous year; profit attributable to company owners of 466.92 million yuan, an increase of 1.31% over the previous year; and a basic profit of 5.84 points per share.
According to the announcement, in the nine months ended September 30, 2023, the gross profit increased from 83.415 million yuan to about 87.546 million yuan compared to last year, and the gross margin increased from 60.5% to about 63.3%. This growth is mainly due to the company making more full use of its own operating capacity, and the company's business has in turn achieved economies of scale.