1. Date of Event: July 3, 2025 2. Company Name: Hui Yang Shipping Co., Ltd. 3. Relationship to Company: Parent Company 4. Cross-shareholding Ratio: Not applicable 5. Reason for Announcement: Supplemental disclosure of self-compiled earnings for June 2025 6. Response Measures: Release of material information 7. Other Matters to be Disclosed (if the subject is a publicly issued company or above, this material information also qualifies as a significant matter under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act that materially affects shareholders' rights or securities prices):
Monthly Operating Revenue: USD 59,404,563 / TWD 1,877,838 (thousands) Year-on-Year Change Rate: 48.23% Cumulative Operating Revenue: USD 306,296,491 / TWD 9,679,888 (thousands) Year-on-Year Change Rate: 33.37% Monthly Operating Profit: USD 26,102,519 / TWD 825,126 (thousands) Year-on-Year Change Rate: 268.24% Cumulative Operating Profit: USD 102,195,568 / TWD 3,229,687 (thousands) Year-on-Year Change Rate: 286.64% Monthly Pre-Tax Income: USD 29,634,788 / TWD 936,785 (thousands) Year-on-Year Change Rate: 2150.10% Cumulative Pre-Tax Income: USD 97,082,878 / TWD 3,068,110 (thousands) Year-on-Year Change Rate: 945.74% Monthly Pre-Tax EPS: 1.26 Cumulative Pre-Tax EPS: 4.11
Calculation Basis: End-of-Period Monthly Avg Annual Avg TWD/USD 31.83 31.611 31.603 JPY/USD 162.26 160.66 158.15 Number of Shares Outstanding 746,409,199 - - Weighted Avg Shares for EPS 746,409,199 - - End-of-Period Previous Month Year Ago Number of Vessels 130 130 132 BDI 2501 3224 1489
Change Analysis: 1. Fleet Changes: - June 11: Taokas Wisdom (DWT 31,943, Handy) sold. - June 22: Paiwan Elegance (DWT 40,000, Handy) entered service. 2. Operational Changes: 3 vessels underwent dry-docking this month. 3. Exchange Rate Fluctuations: Gains/losses from JPY and CHF borrowings due to exchange rate movements. 4. Charter Renewals: 1 vessel renewed its charter this month. 5. Operating Profit: The 268.24% increase in operating profit compared to the same period last year is attributed to market recovery following weak conditions in the first half of 2025. 6. Non-operating Income/Expenses: This month, exchange gains of approximately USD 500,000 from JPY depreciation, USD 1,400,000 from TWD depreciation, and USD 2,900,000 from CHF appreciation were recorded. Additionally, a disposal gain of approximately USD 960,000 was recognized from the sale of one vessel.
Preparation Notes: 1. The company applies IFRS accounting standards. 2. The functional currency is USD. TWD amounts are converted using the average exchange rate for the period. However, valuation gains/losses are calculated using the end-of-period exchange rates. 3. Change rates are calculated based on USD-denominated financial figures from the current and prior year periods. 4. Earnings per share (EPS) is calculated using the weighted average number of shares outstanding. 5. Depreciation and crew wages are recognized on a monthly basis, while charter revenue is recognized on a daily accrual basis, meaning operational days can affect revenue and operating profit. 6. Lubricating oil expenses are estimated monthly but adjusted quarterly based on actual consumption. 7. Depreciation periods vary by vessel condition, tonnage, and specifications, but new vessels are generally depreciated over 25 years. Salvage value is estimated by multiplying light ship weight by scrap metal prices. 8. This financial information is self-compiled by the company and has not been audited or certified by independent auditors.
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- Source: PR Times
- Category: News