盐城港2025年报

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higherinvestment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should beaware of the potential risks of investing in such companies and should make the decision to invest only after due andcareful consideration. Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securitiestraded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and noassurance is given that there will be a liquid market in the securities traded on GEM. Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of thisreport, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for anyloss howsoever arising from or in reliance upon the whole or any part of the contents of this report. This report, for which the Directors collectively and individually accept full responsibility, includes particulars given incompliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors,having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information containedin this report is accurate and complete in all material respects and not misleading or deceptive, and there is no othermatter the omission of which would make any statement herein or this report misleading. Information in this Annual Report Unless otherwise stated or the context otherwise requires, this annual report was prepared based on the informationavailable to the Company for the year ended 31 December 2025 or as at the date on which this annual report has beenapproved by the Board being 26 March 2026. GEM GEM GEMGEMGEM GEM CONTENTS DEFINITIONS2CORPORATE INFORMATION4MANAGEMENT DISCUSSION AND ANALYSIS7PROFILE OF DIRECTORS16REPORT OF THE DIRECTORS22CORPORATE GOVERNANCE REPORT33INDEPENDENT AUDITOR’S REPORT58CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME66CONSOLIDATED STATEMENT OF FINANCIAL POSITION68CONSOLIDATED STATEMENT OF CHANGES IN EQUITY70CONSOLIDATED STATEMENT OF CASH FLOWS72NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS74FINANCIAL SUMMARY200 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Lu Shuai(Chairman) (appointed on 1 August 2025)Ms. Yuan Xin(Vice-chairwoman)(re-designated as an Executive Director and the Vice-chairwomanon 28 May 2025)Mr. Ji Yaosheng(Chief Executive Officer)(appointed on 21 March 2025)Mr. Zhao Liang(Chairman)(resigned on 31 March 2025) Non-executive Directors Mr. Ding Anguang(appointed on 31 March 2025)Mr. Zhou Zhengxiong(Chairman)(appointed on 31 March 2025 and resigned on 1 August 2025)Ms. Yuan Xin(appointed on 31 March 2025 andre-designated as an Executive Director andappointed as the Vice-chairwoman on 28 May 2025)Mr. Ji Longtao(resigned on 21 March 2025)Mr. Yang Yue Xia(resigned on 21 March 2025)Mr. Zhang Shukai(resigned on 21 March 2025) Independent Non-executive Directors Mr. Lau Hon KeeMr. Yu XugangMs. Hui Alice AUDIT COMMITTEE Mr. Lau Hon Kee(Chairman)Mr. Yu XugangMs. Hui Alice REMUNERATION COMMITTEE Ms. Hui Alice(Chairman)Mr. Lau Hon KeeMr. Ji Yaosheng(appointed as a member ofthe Remuneration Committee on 31 March 2025)Mr. Zhao Liang(resigned on 31 March 2025) NOMINATION COMMITTEE Mr. Lu Shuai(Chairman) (appointed on 1 August 2025)Mr. Lau Hon KeeMs. Hui Alice(appointed as a member of the NominationCommittee on 31 March 2025)Mr. Zhou Zhengxiong(Chairman)(appointed on 31 March 2025 and resigned on 1 August 2025)Mr. Zhao Liang(Chairman) (resigned on 31 March 2025)Mr. Yu Xugang(resigned as a member ofthe Nomination Committee on 31 March 2025) 4Yancheng P ort I nternational Co., LimitedAnnual Report 2025 CORPORATE INFORMATION COMPANY SECRETARY Mr. Leung Pak Keung(appointed on 10 November 2025)Ms. Xu Jing(resigned on 10 November 2025) AUTHORISED REPRESENTATIVES Mr. Ji Yaosheng(appointed on 31 March 2025)Mr. Zhao Liang(resigned on 31 March 2025)Mr. Leung Pak Keung(appointed on 10 November 2025)Ms. Xu Jing(resigned on 10 November 2025) REGISTERED OFFICE Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Unit 1009, Exchange Tower33 Wang Chiu RoadKowloon Bay, KowloonHong Kong 331009 AUDITOR Forvis Mazars CPA Limited(formerly known as Mazars CPA Limited)Certified Public Accountants & Registered Public InterestEntity Auditor (resigned on 10 November 2025)42nd Floor, Central Plaza18 Harbour Road, WanchaiHong Kong 1842 8191903A-1905 Prism Hong Kong LimitedCertified Public Accountants & Registered Public InterestEntity Auditor (appointed on 10 November