Financial Performance - Revenue slightly decreased by 0.5% year-on-year to $328,027,000, despite the decline in throughput from controlled terminals, gross profit increased by 11.2% to $89,929,000 due to effective cost management[3] - Profit attributable to equity holders decreased by 17.9% year-on-year to $62,515,000, primarily impacted by a 16.4% decline in profits from joint ventures and associates to $69,001,000[2] - Basic earnings per share decreased by 20.9% to 1.82 cents, compared to 2.30 cents in the same period last year[3] Throughput Analysis - Total throughput remained stable year-on-year at 30,305,420 TEUs, with a decline of 11.1% in throughput from controlled terminals to 6,654,729 TEUs, while non-controlled terminals saw an increase of 3.7% to 23,650,691 TEUs[2] - The throughput of the group's controlled terminals decreased by 11.1% year-on-year to 6,654,729 TEUs, down from 7,487,432 TEUs in the same period of 2022, accounting for 22.0% of total throughput[10] - Non-controlled terminals saw a year-on-year increase of 3.7% in throughput, reaching 23,650,691 TEUs, compared to 22,804,156 TEUs in the same period of 2022[10] - The equity throughput for the group decreased by 2.5% year-on-year to 9,609,708 TEUs, down from 9,859,095 TEUs in the same period of 2022[10] - The total throughput for the overseas segment decreased by 1.5% to 7,654,634 TEUs, with notable declines in some terminals[19] - The total throughput for reefer terminals decreased by 2.1% to 90,150 pallets compared to the same period in 2022[20] - The overall throughput for the first quarter of 2023 was 30,305,420 TEUs, showing a slight increase of 0.0% compared to 30,291,588 TEUs in the same period last year[19] Asset and Liability Overview - Non-current assets increased to $10,299,235,000 as of March 31, 2023, compared to $9,959,472,000 as of December 31, 2022[4] - Total assets rose to $11,564,759,000 from $11,326,353,000, reflecting a growth in both current and non-current assets[5] - Total liabilities increased to $4,869,831,000 from $4,687,180,000, with current liabilities rising significantly[5] Strategic Focus - The company plans to continue quarterly financial disclosures to enhance transparency and accountability[1] - The company is focusing on cost control and operational efficiency to mitigate the impact of declining throughput on profitability[2] - The company aims to strengthen its global port network and expand its scale, focusing on investment opportunities in emerging and regional markets[18] - The company plans to enhance operational efficiency and cost reduction strategies to improve profitability and achieve sustainable development[18] - The company is committed to achieving a customer-centric approach to become a leading integrated port operator globally[18] Market Insights - In China, total terminal throughput increased by 0.6% year-on-year to 22,650,786 TEUs, representing 74.7% of the group's total throughput[11] - The Bohai Rim region's total throughput rose by 10.6% year-on-year to 10,554,580 TEUs, accounting for 34.8% of the group's total throughput[12] - The Yangtze River Delta region experienced a decline in total throughput of 6.3% year-on-year, totaling 3,333,179 TEUs, which is 11.0% of the group's total throughput[13] - The Southeast Coast and other regions saw a significant decline in total throughput of 20.6% year-on-year, reaching 1,260,014 TEUs, accounting for 4.2% of the group's total throughput[14] - The Pearl River Delta region's total throughput decreased by 8.4% year-on-year to 5,891,113 TEUs, representing 19.4% of the group's total throughput[15] - The overseas region's total throughput slightly decreased by 1.5% year-on-year to 7,654,634 TEUs, accounting for 25.3% of the group's total throughput[17] - The Southwest Coastal region's throughput rose by 14.7% to 1,611,900 TEUs, benefiting from increased trade activities with Southeast Asia[19] - The company anticipates a gradual recovery in the domestic and foreign trade markets as China's economy stabilizes[18]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責 任。 (於百慕達註冊成立之有限公司) (股份代號：1199) 2022 年全年業績公佈 公佈截至 2022 年 12 月 31 日止年度業績 ● 總吞吐量同比上升 0.6%至 130,107,074 標準箱；權益吞吐量同比上升 5.5%至 42,069,050 標 準箱 ● 控股碼頭公司總吞吐量同比上升 35.3%至 31,627,734 標準箱；非控股碼頭公司總吞吐量同 比下降7.0%至98,479,340標準箱 ● 公司收入同比上升 19.3%至 1,441,273,000美元；毛利同比上升 32.1%至429,678,000美元 ● 公司股權持有人應佔利潤，不計入一次性項目註同比下降 8.2%至305,163,000美元 財務摘要 百萬美元 2022年 2021年 變動 (%) 收入 1,441.3 1,208.3 +19.3 ...

Financial Performance - Gross profit for Q3 2022 increased by 32.0% to $102.3 million, compared to $77.5 million in Q3 2021[2] - Profit attributable to equity holders decreased by 0.6% to $85.7 million in Q3 2022, down from $86.1 million in Q3 2021[2] - Revenue for the first nine months of 2022 was $1,054.0 million, a 22.5% increase from $860.6 million in the same period of 2021[3] - Gross profit for the first nine months of 2022 rose by 32.9% to $300.0 million, compared to $225.8 million in the prior year[3] - Profit attributable to equity holders increased by 0.3% to $262.6 million in the first nine months of 2022, compared to $261.8 million in the same period of 2021[3] - The operating profit for the three months ended September 30, 2022, was $68,101,000, up from $55,115,000 in the same period of 2021, representing a growth of 23.5%[6] - The profit before tax for the nine months ended September 30, 2022, was $366,728,000, compared to $344,463,000 for the same period in 2021, an increase of 6.5%[6] Throughput Statistics - Total throughput increased by 1.4% year-on-year to 34,203,498 TEUs in Q3 2022, while equity throughput rose by 7.6% to 11,104,665 TEUs[1] - For the three months ended September 30, 2022, total throughput increased by 1.4% to 34,203,498 TEUs compared to 33,720,619 TEUs in the same period of 2021[8] - The total throughput for the nine months ended September 30, 2022, rose by 1.0% to 97,413,828 TEUs from 96,431,326 TEUs in the prior year[10] - The total throughput for the group as of September 30, 2022, was 34,203,498 TEUs, representing a 1.4% increase compared to 33,720,619 TEUs in the same period of 2021[19] - The total throughput for the group for the nine months ended September 30, 2022, was 97,413,828 TEUs, a 1.0% increase from 96,431,326 TEUs in the same period of 2021[19] Asset and Liability Overview - Total assets as of September 30, 2022, were $11,233.2 million, down from $12,033.3 million as of December 31, 2021[4] - Non-current assets decreased to $9,699.8 million as of September 30, 2022, from $10,511.7 million at the end of 2021[4] - Total liabilities decreased to $4,826.3 million as of September 30, 2022, from $5,092.7 million at the end of 2021[5] - Total equity as of September 30, 2022, was $6,406.9 million, down from $6,940.6 million as of December 31, 2021[4] Regional Throughput Performance - Total throughput in the Yangtze River Delta region increased by 1.9% year-on-year to 3,959,405 TEUs, accounting for 11.6% of the group's total throughput[13] - Total throughput in the Southeast Coast and other regions decreased by 0.1% year-on-year to 1,590,579 TEUs, representing 4.6% of the group's total throughput[14] - Total throughput in the Pearl River Delta region decreased by 1.7% year-on-year to 7,270,910 TEUs, accounting for 21.3% of the group's total throughput[15] - Total throughput in the Southwest Coast region increased by 15.1% year-on-year to 1,815,900 TEUs, representing 5.3% of the group's total throughput[16] - Total throughput in overseas regions increased by 2.5% year-on-year to 8,193,333 TEUs, accounting for 24.0% of the group's total throughput[17] Strategic Initiatives - The company plans to enhance marketing efforts and improve terminal revenue per box through "lean operations" strategy[18] - The company aims to strengthen collaboration with shipping alliances to increase the number of vessels calling at its terminals[18] - The company will accelerate the development of supply chain extension projects and explore new growth opportunities[18] - The company is committed to enhancing customer service capabilities to maintain its position as a leading global terminal operator[18] Cash and Financial Income - The group held approximately $1.21 billion in cash and cash equivalents as of September 30, 2022, supporting its dividend policy for 2022[18] - The financial income for the nine months ended September 30, 2022, was $10,445,000, up from $8,200,000 in the same period of 2021, an increase of 27.4%[6] Specific Terminal Performance - Qingdao Port International Co., Ltd. reported a throughput of 7,000,000 TEUs for the nine months ended September 30, 2022, a 12.2% increase from 17,830,000 TEUs in the same period of 2021[19] - Dalian Container Terminal Co., Ltd. achieved a throughput of 1,104,947 TEUs for the three months ended September 30, 2022, reflecting a 17.3% increase from 942,338 TEUs in the same period of 2021[19] - Tianjin Port Container Terminal Co., Ltd. recorded a throughput of 2,423,342 TEUs for the three months ended September 30, 2022, a 1.2% increase from 2,394,185 TEUs in the same period of 2021[19] Bulk and Automobile Throughput - Total bulk throughput for the three and nine months ended September 30, 2022, was 111,738,233 tons and 334,314,703 tons, representing increases of 12.4% and 9.9% respectively compared to the same periods in 2021[21] - Total automobile throughput for the same periods was 214,657 units and 570,219 units, showing an increase of 14.3% for the three months but a decrease of 6.9% for the nine months compared to 2021[21] - Reefer Terminal S.p.A. reported total refrigerated pallet throughput of 80,930 pallets and 268,774 pallets for the three and nine months ended September 30, 2022, reflecting decreases of 9.8% and 3.6% respectively compared to the same periods in 2021[21]

Financial Performance - The company's revenue for the first half of 2022 was $704.6 million, a 24.7% increase from $564.9 million in the same period of 2021[7]. - The gross profit for the first half of 2022 was $197.7 million, reflecting a 33.3% increase from $148.3 million in the previous year[7]. - The profit attributable to equity holders of the company was $177.0 million, slightly up by 0.8% from $175.6 million in the first half of 2021[7]. - The basic earnings per share for the first half of 2022 were 5.32 cents, a marginal increase from 5.30 cents in the same period of 2021[7]. - The profit for the period was $176,983 thousand, compared to $175,618 thousand in the same period of 2021, reflecting a slight increase of 0.78%[96]. - The total comprehensive income for the period was $(115,140) thousand, a significant decrease from $195,025 thousand in the previous year[96]. - Operating profit increased to $135,943 thousand from $104,695 thousand, reflecting a growth of 29.8% year-over-year[91]. - Net profit for the period was $212,966 thousand, compared to $197,458 thousand, marking an increase of 7.8%[91]. Throughput and Operations - For the first half of 2022, the total throughput increased by 0.8% to 63,210,330 TEUs compared to 62,710,707 TEUs in the same period of 2021[9]. - The throughput of the group's controlling terminals rose by 38.0% to 15,679,516 TEUs, up from 11,362,835 TEUs in the previous year[10]. - The equity throughput increased by 5.3% to 20,494,012 TEUs, compared to 19,465,295 TEUs in the first half of 2021[10]. - The throughput of non-controlling terminals decreased by 7.4% to 47,530,814 TEUs, down from 51,347,872 TEUs in the previous year[10]. - The controlling terminals accounted for 24.8% of the total throughput, while non-controlling terminals accounted for 75.2%[9]. - The total throughput in China decreased by 1.9% to 47,562,593 TEUs compared to 48,471,403 TEUs in the same period of 2021, accounting for 75.2% of the group's total throughput[14]. - The total throughput in the Pearl River Delta increased by 1.5% to 13,866,357 TEUs, compared to 13,662,407 TEUs in the same period of 2021, representing 21.9% of the group's total throughput[14]. - The total throughput in the Bohai Rim region decreased by 3.5% to 20,767,708 TEUs, down from 21,511,420 TEUs in the same period of 2021, accounting for 32.9% of the group's total throughput[15]. Financial Position - As of June 30, 2022, the total outstanding borrowings of the group were $3,034,431,000, down from $3,219,610,000 as of December 31, 2021[25]. - The total assets and liabilities of the group as of June 30, 2022, were $11,615,759,000 and $4,870,793,000, respectively, compared to $12,033,310,000 and $5,092,671,000 as of December 31, 2021[26]. - The net debt to equity ratio as of June 30, 2022, was 28.0%, slightly down from 28.2% as of December 31, 2021[26]. - The group's financial expenses for the first half of 2022 amounted to $57,534,000, up 2.8% from $55,986,000 in the same period of 2021[22]. - The group's administrative expenses for the first half of 2022 were $71,632,000, a 23.7% increase from $57,915,000 in the same period of 2021[22]. - The group recorded a net loss contribution from joint ventures and associates of $160,221,000 in the first half of 2022, down 8.5% from $175,181,000 in the same period of 2021[22]. Investments and Capital Expenditures - The group paid $140,226,000 in cash for the expansion of terminal berths and the purchase of properties, machinery, and equipment in the first half of 2022[24]. - The group acquired property, plant, and equipment worth $133.978 million in the first half of 2022, an increase from $80.098 million in the same period of 2021[133]. - Capital commitments as of June 30, 2022, totaled $1,145,304,000, down from $1,233,829,000 as of December 31, 2021, indicating a decrease of 7.1%[160]. Shareholder Information - A mid-term dividend of HKD 0.167 per share was declared for the year ending December 31, 2022, compared to HKD 0.164 per share in 2021[38]. - The company issued 67,928,424 new shares during the first half of 2022, increasing the total issued share capital to 3,383,224,798 shares[139]. - As of June 30, 2022, China COSCO Shipping Ports Limited has a total of 1,720,534,265 shares, representing 50.85% of the total issued shares[55]. - The company has a significant shareholder, China COSCO Shipping Corporation Limited, which holds 1,720,534,265 shares, accounting for 50.85% of the total issued shares[55]. Strategic Initiatives - The company aims to enhance its port and terminal operations through a unified management and operational system to maximize synergy and value[6]. - The company plans to expand its global terminal network, focusing on emerging markets in Southeast Asia, the Middle East, and Africa to enhance regional diversification of terminal assets[34]. - The company aims to improve terminal revenue per container and strengthen business marketing to continuously increase income[34]. - The company will continue to deepen its "lean operation" strategy to enhance control over terminals and build core competitiveness[34]. - The company is advancing technological innovation and accelerating the development of information systems, including the Terminal Operating System (TOS) and the Management Information System (MIS)[34]. Risk Management and Compliance - Financial risks include market risk (foreign exchange, price risk, cash flow, and fair value interest rate risk), credit risk, and liquidity risk, with no significant changes in risk management policies since year-end[115]. - The group has begun evaluating the impact of new standards and interpretations that have not yet come into effect, which may affect the presentation and measurement of certain items in financial statements[107]. - The group maintains a continuous assessment of tax provisions, which may be subject to significant judgment and could affect future tax liabilities[113]. - The company has complied with all provisions of the Corporate Governance Code during the six months ending June 30, 2022[60].

Financial Performance - Profit attributable to equity holders increased by 2.6% to $74,948,000[2] - Revenue for Q1 2022 was $329.7 million, up 24.2% from $265.3 million in Q1 2021[3] - Gross profit rose by 30.5% to $80.9 million, compared to $61.9 million in the previous year[3] - Operating profit for the period was $43.3 million, an increase from $34.8 million year-on-year[6] - Basic earnings per share rose by 2.7% to 2.26 cents, compared to 2.20 cents in the same period last year[7] Throughput Statistics - Total throughput increased by 0.3% year-on-year to 30,291,588 TEUs; equity throughput rose by 6.1% to 9,859,095 TEUs[9] - Total throughput of controlled terminals surged by 39.5% to 7,487,432 TEUs; non-controlled terminals' throughput decreased by 8.1% to 22,804,156 TEUs[2] - Total throughput for Q1 2022 was 30,291,588 TEUs, a slight increase of 0.3% compared to Q1 2021's 30,187,744 TEUs[10] - The total throughput in the Greater China region decreased by 3.6% year-on-year to 22,520,167 TEUs, accounting for 74.3% of the group's total throughput[11] - The Bohai Rim region's total throughput fell by 4.0% to 9,539,494 TEUs, representing 31.5% of the group's total throughput[12] - The Yangtze River Delta region's total throughput decreased by 3.3% to 3,557,167 TEUs, making up 11.8% of the group's total throughput[13] - The Southeast Coast region saw a 16.4% increase in total throughput to 1,586,044 TEUs, accounting for 5.2% of the group's total throughput[14] - The Pearl River Delta region's total throughput declined by 8.0% to 6,431,662 TEUs, representing 21.2% of the group's total throughput[15] - The Southwest Coast region experienced an 11.2% increase in total throughput to 1,405,800 TEUs, accounting for 4.6% of the group's total throughput[16] - Total overseas throughput increased by 11.7% to 7,771,421 TEUs, which is 25.7% of the group's total throughput[17] Operational Strategy - The company aims to enhance its global terminal network and develop port supply chain platforms to provide more value-added services[18] - The company will continue to focus on lean operations and cost control to maintain financial stability and support its dividend policy for 2022[18] Asset and Liability Overview - Total assets as of March 31, 2022, were $12,151.1 million, compared to $12,033.3 million at the end of 2021[4] - Total liabilities increased to $5,206.7 million from $5,092.7 million year-on-year[5] Specific Cargo Throughput - The total bulk cargo throughput for the three months ending March 31, 2022, was 22,427,830 tons, up 16.6% from 19,230,471 tons in the same period of 2021[20] - The total automobile throughput decreased by 7.3% to 188,080 units from 202,788 units year-over-year[20] - The company reported a total reefer pallet throughput of 92,054 pallets, an increase of 8.4% from 84,903 pallets in the same quarter of 2021[20] - The overseas throughput increased by 11.7% to 7,771,421 standard boxes compared to 6,958,978 standard boxes in the previous year[19] Acquisition Impact - The company completed the acquisition of a 20% stake in the Red Sea Gateway Terminal Company Limited on July 14, 2021, affecting the comparability of throughput data for the first quarter of 2022[20]

Financial Performance - Revenue for the first half of 2020 was $452.7 million, a decrease of 12.6% compared to $517.9 million in the first half of 2019[9] - Gross profit decreased by 35.4% to $99.2 million from $153.4 million year-on-year[9] - Profit attributable to equity holders increased by 10.5% to $163.4 million, compared to $147.8 million in the previous year[9] - The company reported a basic earnings per share of 5.17 cents, up 8.8% from 4.75 cents in the same period last year[9] - In the first half of 2020, the company reported a profit attributable to equity holders of $163,359,000, a 10.5% increase compared to $147,794,000 in the same period of 2019[24] - The total revenue for the first half of 2020 was $452,676,000, down 12.6% from $517,915,000 in the first half of 2019[27] - The profit from controlling terminals decreased to $5,284,000, a significant drop of 85.7% compared to $36,965,000 in the same period of 2019[24] - Non-controlling terminal profit was $130,367,000, down 21.7% from $166,489,000 in the first half of 2019[27] - Operating profit increased to $123,755 thousand, up 21.8% from $101,508 thousand in the previous year[110] - The company reported a total comprehensive income of $86,688 thousand for the period, down from $162,527 thousand in 2019, a decrease of 46.7%[112] Throughput and Operations - Total throughput across the global port network reached 57,634,191 TEUs[12] - The Greater China region's total throughput was 44,037,541 TEUs[16] - Total throughput for the first half of 2020 decreased by 3.6% to 57,634,191 TEUs compared to 59,764,100 TEUs in the same period of 2019[20] - The throughput of the group's controlled terminals fell by 15.6% to 10,501,481 TEUs, down from 12,445,333 TEUs in 2019[20] - The equity throughput declined by 6.6% to 18,077,469 TEUs, compared to 19,347,303 TEUs in the previous year[19] - The throughput in the Greater China region decreased by 4.3% to 44,037,541 TEUs, accounting for 77.0% of the group's total throughput[23] - The throughput in the Pearl River Delta region dropped by 7.3% to 12,149,056 TEUs, representing 21.1% of the total[23] - The Yangtze River Delta region saw a significant decline of 31.6% in throughput to 6,836,157 TEUs, primarily due to the sale of certain terminals[23] - The throughput in the Bohai Rim region increased by 4.9% to 20,236,784 TEUs, accounting for 35.1% of the total[23] - The throughput in the Southwest Coast region surged by 214.6% to 2,280,501 TEUs, mainly due to the inclusion of North Bay Port's volumes[23] Strategic Initiatives - The company aims to enhance synergy value by leveraging partnerships with shipping alliances and port operators[6] - Future strategies include strengthening control and management capabilities of port and terminal operations[7] - The company plans to expand its global terminal network to provide cost and service synergies[6] - The company is actively seeking potential projects in Southeast Asia, the Middle East, and Africa to enhance its port network and profitability[38] - The company aims to enhance operational efficiency through "lean operations" and cost control measures, targeting improvements in container throughput and profitability[38] - The company is preparing for increased demand by advancing automation and digitalization initiatives across its terminals[38] Financial Position and Assets - As of June 30, 2020, total assets amounted to $10,366,318,000, while total liabilities were $4,560,790,000[33] - The net debt to equity ratio (excluding lease liabilities) was 29.0% as of June 30, 2020, down from 34.0% at the end of 2019[33] - The company had total outstanding borrowings of $2,801,709,000 as of June 30, 2020, down from $2,916,450,000 at the end of 2019[32] - The company held cash and bank deposits of approximately $1.12 billion as of June 30, 2020, which is expected to support its dividend policy for the year[38] - As of June 30, 2020, the company's total debt was approximately $2.80 billion, a decrease from $2.92 billion as of December 31, 2019, representing a reduction of about 4%[34] - The company’s non-current assets acquisition included property, machinery, equipment, and intangible assets, although specific figures were not disclosed in the report[142] Stock Options and Incentives - The company granted a total of 53,483,200 stock options to 238 incentive targets on June 19, 2018, as part of its stock option incentive plan[43] - As of June 30, 2020, there were 52,567,184 stock options remaining unexercised, accounting for approximately 1.25% of the total issued shares[44] - The first exercise period for the stock options began on June 19, 2020, allowing eligible participants to exercise 33.3% of their stock options until June 18, 2023[48] - The performance conditions for the first exercise period include a net asset return rate of no less than 6.0% and a revenue growth rate of at least 15.0% compared to 2017[49] - The stock option plan is designed to incentivize employees and align their interests with the company's long-term growth objectives[48] Corporate Governance and Compliance - The company fully complied with the Corporate Governance Code during the six months ending June 30, 2020, enhancing transparency and shareholder protection[80] - The Audit Committee consists of three independent non-executive directors who reviewed the main accounting policies and the unaudited interim financial information for the six months ending June 30, 2020[81] - The company has established various committees, including the Executive Committee and the Investment and Strategic Planning Committee, to oversee specific responsibilities and authority[84] - The company has adopted a standard code for securities transactions by directors, ensuring compliance with required standards[85] Community and Environmental Initiatives - The company implemented strict health measures to ensure employee safety during the pandemic, including regular disinfection and health monitoring[98] - The company continued its green development initiatives, focusing on energy-saving projects and transitioning to a low-carbon economy[100] - The company actively contributed to community support by donating protective equipment and encouraging employee volunteerism during the pandemic[102] - The company emphasized effective communication with clients to ensure safety and operational efficiency at its ports during the pandemic[99]

Financial Performance - Revenue for the first half of 2019 was HKD 517.9 million, an increase of 4.5% compared to HKD 495.5 million in the same period of 2018[8] - The company's attributable profit to equity holders was HKD 147.8 million, down 12.5% from HKD 169.0 million year-on-year[8] - Adjusted basic earnings per share were HKD 5.66, reflecting a 2.4% increase from HKD 5.53 in the previous year[10] - The company reported a gross profit of HKD 153.4 million, a decrease of 2.6% from HKD 157.5 million in the first half of 2018[8] - The total revenue for the six months ended June 30, 2019, was $517,915 thousand, an increase from $495,457 thousand in the same period of 2018, representing a growth of approximately 4.9%[103] - The operating profit for the same period was $101,508 thousand, down from $111,031 thousand in 2018, indicating a decrease of about 8.3%[103] - The net profit attributable to equity holders of the company was $147,794 thousand, compared to $168,988 thousand in the previous year, reflecting a decline of approximately 12.5%[103] Throughput and Operations - Total throughput for the Greater China region reached 46,015,330 TEUs, with Qingdao Port International contributing 10,300,000 TEUs[15] - The total throughput for overseas regions was 13,748,770 TEUs, with significant contributions from various international terminals[13] - The total throughput for the first half of 2019 increased by 5.4% to 59,764,100 TEUs compared to 56,708,750 TEUs in the same period of 2018[22] - The throughput of the group's controlled terminals rose by 14.6% to 12,445,333 TEUs, up from 10,863,570 TEUs in the previous year[23] - The equity throughput grew by 7.7% to 19,347,303 TEUs, up from 17,967,186 TEUs in the same period of 2018[22] - The overseas terminal business showed strong performance with total throughput growing by 13.2% to 13,748,770 TEUs[25] Dividends and Shareholder Returns - The dividend per share declared was HKD 1.900, a decrease of 14.1% from HKD 2.212 in the previous year[10] - The interim dividend declared by the board is HKD 0.148 per share, compared to HKD 0.173 in the same period of 2018[17] - The company plans to distribute the interim dividend on October 25, 2019, to shareholders listed as of September 19, 2019[17] Financial Position and Liabilities - Total assets as of June 30, 2019, amounted to $10,029,680,000, an increase from $9,045,452,000 as of December 31, 2018[40] - The total liabilities as of June 30, 2019, were $4,303,128,000, up from $3,225,802,000 as of December 31, 2018[40] - The net debt to equity ratio (excluding lease liabilities) was 32.8% as of June 30, 2019, compared to 32.2% as of December 31, 2018[40] - The total outstanding borrowings as of June 30, 2019, were $2,509,915,000, compared to $2,479,903,000 as of December 31, 2018[41] Investments and Acquisitions - The acquisition of the Qian Kai terminal project was completed, marking the company's first controlling greenfield project in South America[27] - The company completed the acquisition of a 60% stake in Qian Kai Port, enhancing its terminal network in South America[29] - The company plans to enhance its terminal extension business and has signed an investment agreement for a supply chain base project in Nansha District, Guangzhou[27] Cost Management and Expenses - The sales cost for the first half of 2019 was $364,536,000, a 7.9% increase from $337,963,000 in 2018, primarily due to rising costs at Piraeus and Xiamen ports[31] - The cost of sales for the Piraeus terminal increased to $97,332,000 in H1 2019, up 14.1% from $85,271,000 in H1 2018[34] - Administrative expenses decreased by 4.0% to $58,050,000 in H1 2019, compared to $60,458,000 in H1 2018[34] Shareholder Structure and Governance - Major shareholders included China Ocean Shipping (Hong Kong) Company Limited with 1,437,683,072 shares, representing 46.18% of the total issued shares[58] - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations[73] - The audit committee consists of three independent non-executive directors who reviewed the company's accounting policies and interim financial information[76] Sustainability and Corporate Social Responsibility - The company is focused on sustainable development, emphasizing five key areas: people-oriented, customer-centric, green development, win-win cooperation, and social contribution[86] - The company actively engages in community support and social responsibility initiatives, receiving recognition for its contributions to community development[92] Financial Risks and Management - The group faces various financial risks, including market risk, credit risk, and liquidity risk, which are managed according to established policies[147] - The company will continue to monitor and adjust its debt structure to mitigate potential interest rate risks[17]