Shipping and Logistics Expansion - The company officially launched the "Dalian Port - South America West" container shipping route, enhancing connectivity between Dalian and South America, and supporting global shipping network expansion [9]. - The company launched a direct shipping route to India, filling a gap in Dalian Port's service offerings and enhancing maritime logistics to South Asia [14]. - The company opened a new container shipping route to Mexico, enhancing the container shipping network between Northeast China and Latin America [16]. - The company opened 9 new container shipping routes, 1 foreign trade steel shipping route, and 4 domestic mixed cargo routes in 2024, enhancing its shipping network [22]. - The company is actively promoting diversification in its automotive foreign trade business, including new shipping routes to Southeast Asia and the Gulf region [55]. - The company aims to strengthen its container shipping network, focusing on RCEP routes and Southeast Asia, while developing direct shipping routes to emerging markets [101]. Operational Performance - The company achieved a record throughput of 12.58 million tons at its oil terminal, marking the highest record for oil product transshipment [18]. - The company expanded its market share in the roll-on/roll-off vehicle segment to 48.5%, solidifying its leading position at Dalian Port [18]. - The company completed 600,000 roll-on/roll-off vehicle movements at its passenger terminal in 2024, contributing significantly to the Northeast Asia International Shipping Center development [18]. - In 2024, the total throughput of oil and liquid chemical products reached 6,079.2 million tons, an increase of 11.0% compared to 2023 [48]. - Crude oil throughput was 4,192.9 million tons, up 16.1% year-on-year, with imported crude oil accounting for 2,548.2 million tons, a 19.5% increase [48]. - In 2024, the container throughput reached 10.862 million TEUs, a year-on-year increase of 5.8% compared to 10.263 million TEUs in 2023 [51]. Financial Performance - The group's net profit attributable to shareholders for 2024 was RMB 1,143,973,474.80, with a proposed cash dividend of RMB 0.239 per 10 shares (tax included) [20]. - In 2024, the company's revenue decreased by 9.4% to RMB 11,066,690,041.36 compared to RMB 12,219,878,814.79 in 2023 [27]. - The net profit attributable to shareholders decreased by 14.8% to RMB 1,143,973,474.80 from RMB 1,343,109,072.73 in 2023 [27]. - The gross profit margin fell by 6.2 percentage points to 21.5%, with gross profit declining by 29.8% to RMB 2,379,294,100.74 [30]. - Operating costs decreased by 1.6% to RMB 8,687,395,940.62, attributed to effective cost control measures [29]. - The company reported a net increase in cash and cash equivalents of RMB 48,961, reversing a previous decline of RMB -46,487 [25]. Investments and Expenditures - Capital expenditures for the group amounted to RMB 962,504,897.77, primarily funded by operating cash flow and external financing [47]. - The company plans to increase investment in smart equipment and facilities starting in 2024, leading to an increase in smart port construction projects [163]. - The company is advancing several new projects, including the establishment of a bonded warehouse for grain and the expansion of port operations, to improve operational efficiency [22]. Legal and Compliance Issues - The total claims from other storage entrusting parties against the group amounted to RMB 1.06 billion, with ongoing litigation related to these claims [37]. - The group was ordered to pay RMB 10,969.46 million to a claimant in a court ruling, with interest calculated from March 23, 2021, until payment is made [38]. - The group faced a court ruling requiring payment of RMB 29,938.26 million to another claimant, with the case currently under appeal [40]. - The company has recognized a provision for contingent liabilities amounting to RMB 1.52 billion as of December 31, 2024, related to ongoing litigation [45]. Corporate Governance and Management - The board of directors emphasizes the importance of corporate governance and has adopted the corporate governance code as per the Hong Kong Stock Exchange regulations [196]. - The company has complied with the corporate governance code throughout the reporting period, ensuring strict implementation of its principles [197]. - The current board consists of 11 members, including executive, non-executive, and independent non-executive directors, with several recent appointments and confirmations of independence [200]. - The company has appointed a new auditor, Shinewing Certified Public Accountants, for the fiscal year 2024, following the resignation of Ernst & Young [181]. Environmental and Social Responsibility - The company has implemented environmental protection measures and encourages employees to reduce resource consumption and waste generation [131]. - The company has complied with relevant environmental laws and regulations, with no significant violations reported during the year [131]. Future Outlook and Strategy - The group plans to optimize resource allocation and collaborate with upstream and downstream industries to navigate the challenges posed by the global economic environment in 2025 [23]. - The group aims to enhance its core competitiveness by focusing on market orientation and customer-centric services, while promoting the construction of a "world-class" strong port [23]. - The company is committed to developing the Northeast Asia International Shipping Center and International Logistics Center as part of its strategic goals for 2025 [99].

Financial Performance - The total revenue for the year ended December 31, 2024, was CNY 11,066,690,041.36, a decrease of 9.4% compared to CNY 12,219,878,814.79 for the year ended December 31, 2023[7]. - The operating profit for the year ended December 31, 2024, was CNY 1,800,716,988.20, down from CNY 2,005,349,878.79 in the previous year, reflecting a decline of 10.2%[7]. - For the fiscal year ending December 31, 2024, the net profit was CNY 1,352,024,684.19, a decrease of approximately 10.3% compared to CNY 1,507,251,191.09 for the same period in 2023[8]. - The net profit attributable to shareholders of the parent company was CNY 1,143,973,474.80, down from CNY 1,343,109,072.73, reflecting a decline of about 14.8%[8]. - Basic and diluted earnings per share for 2024 were both CNY 0.05, compared to CNY 0.06 in 2023, indicating a decrease of 16.7%[8]. - Total comprehensive income for the year was CNY 1,388,528,466.80, down from CNY 1,521,210,105.12, representing a decline of approximately 8.7%[8]. Assets and Liabilities - The total assets as of December 31, 2024, amounted to CNY 59,786,931,555.09, an increase of 4.1% from CNY 56,352,939,728.84 as of December 31, 2023[4][6]. - The total liabilities increased to CNY 16,383,834,665.08 as of December 31, 2024, compared to CNY 13,623,749,088.14 in the previous year, representing a rise of 20.4%[5][6]. - The total equity attributable to shareholders increased to CNY 39,797,657,781.18 as of December 31, 2024, from CNY 39,601,858,063.43 in 2023, reflecting a growth of 0.5%[6]. - The company’s short-term borrowings significantly decreased to CNY 55,328,483.98 as of December 31, 2024, from CNY 1,000,718,055.55 in the previous year, a decline of 94.5%[5]. Research and Development - Research and development expenses decreased to CNY 20,226,217.47 for the year ended December 31, 2024, down from CNY 39,294,670.66 in 2023, a reduction of 48.6%[7]. - The company plans to continue focusing on market expansion and new product development to drive future growth[3]. Share Repurchase and Dividends - The company repurchased a total of 318,941,356 shares, reducing the total share capital from 23,987,065,816 shares to 23,905,474,669 shares[13]. - The proposed final dividend for 2024 is RMB 0.0239 per share, an increase of 25% from RMB 0.0191 per share for 2023, pending approval at the upcoming annual general meeting[66]. Tax and Financial Management - The corporate income tax rate for subsidiaries is set at 25%, with certain subsidiaries benefiting from a reduced rate of 15% due to their high-tech enterprise certification[30]. - The group has implemented a tax policy allowing for 100% pre-tax deduction of actual R&D expenses incurred from January 1, 2023[33]. Market Outlook and Future Plans - The company projects future revenue growth of approximately 15% for the next fiscal year, driven by new product launches and market expansion strategies[70]. - The overall market outlook remains optimistic, with anticipated growth in key segments contributing to a projected increase in overall market value[70]. - The group plans to deepen market development measures in 2025, focusing on stabilizing existing customers and enhancing service efficiency in the port sector[133]. Operational Performance - The group achieved a total throughput of 6,079.2 million tons in oil products, representing an increase of 11.0% compared to 2023[101]. - The total throughput of the bulk cargo segment was 16,037.7 million tons, a decrease of 3.4% compared to 2023[112]. - The revenue from the bulk cargo segment in 2024 was CNY 3,709,605,891.43, a decrease of 12.1% compared to 2023[114]. Legal and Compliance - The company has recognized a provision for liabilities related to the terminal logistics company amounting to CNY 152 million as of December 31, 2024[98]. - The company has complied with the corporate governance code as of December 31, 2024[139].

Financial Performance - Operating revenue for the third quarter was CNY 2,576,214,220.43, a decrease of 14.46% compared to CNY 3,011,824,579.39 in the same period last year[3] - Net profit attributable to shareholders was CNY 492,064,276.94, representing an increase of 11.87% from CNY 439,873,085.86 year-on-year[3] - Net profit excluding non-recurring gains and losses was CNY 335,318,927.04, down 23.43% from CNY 437,926,648.69 in the previous year[3] - The company reported a decrease in net profit for the year-to-date period, with a decline of 11.61% compared to the previous year[3] - Total operating revenue for the first three quarters of 2024 was CNY 7,950,096,514.86, a decrease of 8.6% compared to CNY 8,702,944,903.76 in the same period of 2023[22] - Net profit for the first three quarters of 2024 was CNY 1,093,863,266.31, down 10.7% from CNY 1,224,685,430.19 in 2023[23] - Operating profit for the first three quarters of 2024 was CNY 1,410,065,524.89, a decline of 14.2% from CNY 1,644,305,915.22 in 2023[23] - The total comprehensive income for the first three quarters of 2024 was CNY 1,111,154,857.42, down from CNY 1,242,143,256.85 in 2023[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 59,654,629,988.20, reflecting a 5.86% increase compared to the previous year[3] - Non-current assets increased to CNY 50,449,473,390.08 as of September 30, 2024, up from CNY 46,236,355,578.53 at the end of 2023, showing growth in long-term investments[19] - Total liabilities rose to CNY 15,875,066,249.22 from CNY 13,623,749,088.14, reflecting increased borrowing and financial obligations[20] - The company's cash and cash equivalents decreased, with current assets totaling CNY 9,205,156,598.12, down from CNY 10,116,584,150.31[19] - Short-term borrowings decreased significantly to CNY 646,301,771.78 from CNY 1,000,718,055.55, reflecting a reduction in immediate financial liabilities[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 230,813, with the largest shareholder holding 28.93% of the shares[11] - The equity attributable to shareholders increased to CNY 40,033,417,565.30 from CNY 39,601,858,063.43, indicating improved shareholder value[21] Cash Flow - Cash flow from operating activities showed a significant increase, although specific figures were not disclosed in the report[3] - Cash flow from operating activities increased by 51.12% in the current reporting period, attributed to reduced tax payments[10] - Cash flow from operating activities for the first three quarters of 2024 was CNY 2,355,695,441.12, an increase of 17.9% compared to CNY 1,997,982,642.59 in 2023[27] - The company's cash flow from operating activities included CNY 8,090,016,013.22 from sales, an increase from CNY 7,955,441,845.45 in the previous year[26] - The net cash flow from financing activities was -3,371,512,366.81, worsening from -2,737,217,269.79 in the first three quarters of 2023[28] Acquisitions - The company acquired 79.03% of Dalian Port Logistics Network Co., Ltd. for CNY 63.716 million, with the transaction date set for November 3, 2023[4] - The acquisition of 100% of Yingkou Port Xintong Technology Co., Ltd. was completed for CNY 19.3115 million, with the transaction date set for October 27, 2023[5] Operational Highlights - The total throughput for containers in Q3 2024 was 268.3 million TEU, representing a 5.0% increase compared to 255.5 million TEU in Q3 2023[15] - The throughput for oil products increased by 20.7% to 1,447.3 million tons in Q3 2024, up from 1,199.5 million tons in Q3 2023[15] - The total throughput for bulk cargo decreased by 12.5% to 4,132.4 million tons in Q3 2024, down from 4,720.9 million tons in Q3 2023[15] - The company reported a total of 794.7 million TEU for container throughput in the first nine months of 2024, a 7.1% increase from 741.8 million TEU in the same period of 2023[15] - The throughput for oil products in the first nine months of 2024 reached 4,332.4 million tons, reflecting a 13.4% increase from 3,821.1 million tons in the same period of 2023[15] - The company is actively expanding its market by developing new shipping routes to South America and India, enhancing operational stability[15] - The company has faced challenges in bulk cargo due to reduced demand and production cuts in the steel industry, impacting overall throughput[16] - The company is focusing on improving its logistics capabilities and exploring new strategies to adapt to market changes[16] Research and Development - R&D expenses decreased by 42.34% year-to-date, primarily due to a reduction in R&D projects[9] - Research and development expenses decreased to CNY 16,023,879.89 in 2024 from CNY 27,791,901.85 in 2023, indicating a shift in investment focus[22] Income and Gains - Non-recurring gains included CNY 13,957,950.86 from the disposal of non-current assets[6] - Non-recurring gains totaled CNY 156,745,349.90 for the current period, with a year-to-date total of CNY 167,310,450.08[7] - The company reported a net profit attributable to shareholders of CNY 192,001,577.22 from non-recurring gains[7] - The company recognized a gain of CNY 184,543,166.29 from the revaluation of equity interests in a business combination under common control[8] - Other income rose by 71.63% year-to-date, driven by increased subsidies from the China-Europe freight train and sea-rail intermodal transport[9] - Other income increased significantly to CNY 137,008,584.88 in 2024 from CNY 79,828,278.04 in 2023, marking a growth of 71.5%[23] Investment Income - Investment income increased by 204.15% year-to-date, mainly due to the inclusion of two companies in the consolidation scope[9]

Financial Performance - In the first half of 2024, the company's net profit attributable to shareholders was RMB 453,443,345.42, a decrease of 28.0% compared to RMB 629,832,557.95 in the same period of 2023[5]. - The company's operating revenue for the first half of 2024 was RMB 5,373,882,294.43, down 5.6% from RMB 5,691,120,324.37 in the first half of 2023[6]. - The gross profit margin decreased to 23.0%, down 5.9 percentage points from 28.9% in the previous year[6]. - In the first half of 2024, the group's operating income decreased by RMB 2,785,821.58, a decline of 42.7% year-on-year, primarily due to the impact of asset write-offs from subsidiaries in the previous year[9]. - The total comprehensive income for the first half of 2024 was RMB 559,070,801.41, down from RMB 734,942,321.66 in the first half of 2023[77]. Revenue Segments - Container logistics services experienced growth, while the volume of bulk goods such as ore and steel declined, impacting overall revenue[7]. - Revenue from the oil products segment fell by 35.4% year-on-year to RMB 517.94 million, primarily due to reduced storage income[27]. - Container throughput increased by 8.3% year-on-year to 5.265 million TEUs, driven by market opportunities and the expansion of direct shipping routes[28]. - Revenue from the container segment rose by 7.1% year-on-year to RMB 1.944 billion, supported by increased container volumes and logistics services[29]. - The automotive terminal's throughput decreased by 7.2% year-on-year to 350,000 vehicles, impacted by reduced international demand and inventory pressures[31]. - Revenue from the automotive segment increased by 17.2% year-on-year to RMB 27.92 million, mainly due to growth in the Haijia automotive business[32]. - The bulk cargo throughput decreased by 6.6% year-on-year to 74.192 million tons, with declines in steel and ore volumes due to market conditions[34]. - Revenue from the bulk cargo segment fell by 12.0% year-on-year to RMB 1.779 billion, primarily due to decreased handling income from lower business volumes[35]. Cash Flow and Financial Position - The net cash inflow from operating activities for the group was RMB 1,192,381,467.46, while cash inflow from investing activities was RMB 14,313,407.19, and cash outflow from financing activities was RMB 2,019,285,594.74[11]. - As of June 30, 2024, the group held cash and cash equivalents of RMB 4,390,785,034.74, a decrease of RMB 808,814,732.74 from December 31, 2023[11]. - The net debt-to-equity ratio as of June 30, 2024, was 11.5%, down from 13.5% on December 31, 2023, indicating a reduction in debt scale due to bond repayments[12]. - The group had unused bank credit facilities amounting to RMB 17.299 billion as of June 30, 2024[12]. - The total assets of the group amounted to RMB 54,742,099,716.49, with net assets of RMB 42,825,265,147.18, and the net asset per share remained stable at RMB 1.65 compared to December 31, 2023[10]. Liabilities and Equity - The group's total liabilities as of June 30, 2024, were RMB 11,916,834,569.31, with an asset-liability ratio of 21.8%, down 2.4 percentage points from 24.2% on December 31, 2023, mainly due to the repayment of maturing bonds[10]. - Shareholders' equity increased to RMB 42,825,265,147.18, up from RMB 42,729,190,640.70, reflecting a growth of 0.2%[72]. - The total equity attributable to shareholders was RMB 39,645,820,117.70 as of June 30, 2024, a slight decrease from RMB 39,892,968,336.96 at the end of 2023[74]. Research and Development - The company's research and development expenses decreased by 56.0% to RMB 8,756,174.26, primarily due to a reduction in R&D projects[8]. - Research and development expenses for the first half of 2024 were RMB 8,756,174.26, significantly reduced from RMB 19,917,305.81 in the same period of 2023[75]. Legal and Contingent Liabilities - The total claims from other storage agents against the group amount to RMB 1.06 billion, with ongoing litigation related to these claims[14]. - The company has recognized a provision for contingent liabilities amounting to RMB 154 million as of June 30, 2024, due to ongoing litigation[23]. - The court ruled that the terminal logistics company must pay Qingdao Kaitou Company a total of RMB 299.38 million, with interest calculated from March 27, 2021, until payment is completed[17]. Corporate Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code as per the Hong Kong Stock Exchange Listing Rules during the reporting period[51]. - The audit committee, composed of independent non-executive directors, has reviewed the unaudited interim results for the six months ended June 30, 2024[53]. - All directors and supervisors have adhered to the standards set forth in the Securities Transactions Code during the reporting period[52]. Market Strategy and Future Plans - The company plans to adjust its marketing strategy and enhance operational efficiency in response to market challenges[4]. - The company plans to enhance market development in various sectors, including oil products and container services, to capitalize on regional trade demands and improve logistics capabilities[44][45]. Employee and Compensation Policies - The company adheres to a compensation policy that aligns with performance and capability, adjusting salaries based on annual performance and local market levels[65]. - The company has a total of 3,091 full-time employees, with a total workforce of 10,759 including subsidiaries[64]. Environmental and Safety Commitment - The company emphasizes its commitment to environmental protection and the development of a "resource-saving and environmentally friendly" port[67]. - The company maintains a strong focus on safety management, emphasizing a "safety first" approach to ensure stable production[67].

Financial Performance - The consolidated operating revenue for the six months ended June 30, 2024, was RMB 5,373,882,294.43, a decrease of 5.57% compared to RMB 5,691,120,324.37 for the same period in 2023[9]. - The consolidated operating profit for the same period was RMB 749,764,542.76, down 22.61% from RMB 968,894,546.91 in the previous year[9]. - Total profit for the six months ended June 30, 2024, was RMB 753.5 million, a decrease of 22.8% from RMB 975.4 million for the same period in 2023[10]. - Net profit for the same period was RMB 542.2 million, down 24.9% from RMB 721.4 million year-over-year[10]. - Basic and diluted earnings per share were both RMB 0.02, compared to RMB 0.03 in the previous year, reflecting a 33.3% decrease[10]. - Total comprehensive income for the six months ended June 30, 2024, was RMB 559.1 million, a decline of 24.0% from RMB 734.9 million in the same period of 2023[11]. Assets and Liabilities - Total current assets decreased to RMB 9,574,304,932.38 as of June 30, 2024, from RMB 10,116,584,150.31 at the end of 2023, representing a decline of 5.39%[5]. - Total non-current assets decreased to RMB 45,167,794,784.11 as of June 30, 2024, from RMB 46,236,355,578.53 at the end of 2023, a reduction of 2.31%[6]. - Total liabilities decreased to RMB 11,916,834,569.31 as of June 30, 2024, from RMB 13,623,749,088.14 at the end of 2023, a decline of 12.51%[7]. - The total equity attributable to shareholders increased slightly to RMB 39,646,933,414.49 as of June 30, 2024, from RMB 39,601,858,063.43 at the end of 2023, an increase of 0.11%[8]. Expenses - Research and development expenses for the six months ended June 30, 2024, were RMB 8,756,174.26, significantly down from RMB 19,917,305.81 in the same period of 2023, a decrease of 56.05%[9]. - Financial expenses decreased to RMB 183,669,463.70 for the six months ended June 30, 2024, from RMB 229,927,820.94 in the previous year, a reduction of 20.14%[9]. Tax and Subsidies - The effective corporate income tax rate is 25%, with certain subsidiaries enjoying tax incentives[16]. - The group holds port land that is exempt from land use tax, benefiting from tax incentives under relevant regulations[17]. - In 2023, subsidiaries obtained high-tech enterprise certificates, allowing them to apply a reduced corporate income tax rate of 15%[18]. - The group’s subsidiaries are eligible for a 50% reduction in land use tax for bulk commodity storage facilities from January 1, 2023, to December 31, 2027[19]. - Government subsidies related to daily activities amounted to approximately $114.59 million in the first half of 2024, significantly higher than $58.98 million in the same period of 2023[64]. Accounts Receivable - As of June 30, 2024, accounts receivable totaled approximately CNY 4.15 billion, an increase from CNY 3.94 billion as of December 31, 2023[23]. - The allowance for doubtful accounts increased to CNY 662.57 million as of June 30, 2024, from CNY 631.86 million at the end of 2023[24]. - The estimated credit loss for accounts receivable is CNY 662.57 million, reflecting a significant portion of receivables rated C and D[25]. - The group’s accounts receivable aging analysis shows a significant portion (CNY 1.80 billion) is overdue by more than three years[23]. Revenue Segments - The company’s logistics service revenue for the first half of 2024 was approximately $5.08 billion, which includes various segments such as port operations and management[56]. - The company reported a significant increase in other business income, which rose to approximately $232.11 million in the first half of 2024, compared to $191.20 million in the same period of 2023, marking an increase of 21.41%[53]. - The company’s revenue from port operations for the first half of 2024 was approximately $3.76 billion, which is a key component of its overall income[56]. - The container terminal and related logistics business generated revenue of approximately $1.82 billion, while the bulk cargo terminal and related logistics business contributed about $2.02 billion[57]. Legal and Compliance - The company has been actively involved in legal disputes, which may affect its operational focus and market expansion strategies[86][87][88][89]. - The total amount of liabilities from court rulings against the terminal logistics company is significant, impacting its financial position[86][87][88][89]. - The company is required to maintain liquidity to meet these potential liabilities, which could influence its future financial planning[86][87][88][89]. Future Outlook - The company anticipates stable growth in the second half of 2024, supported by improved domestic economic conditions and increased trade cooperation with neighboring countries[115]. - Rising costs for raw materials, transportation, and labor are expected to impact production costs for foreign trade enterprises in the upcoming period[115]. - The company is focusing on strengthening key customer transportation services by monitoring refinery maintenance plans and resumption of operations in the hinterland[116].

Financial Performance - The company's operating revenue for Q1 2024 was RMB 2,888,591,436.36, representing a year-on-year increase of 0.44% compared to RMB 2,861,049,291.25 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was RMB 371,916,738.99, a decrease of 4.58% from RMB 391,740,122.19 in the previous year[5] - The basic earnings per share for Q1 2024 were RMB 0.015505, down 4.58% from RMB 0.016331 in the same period last year[5] - Net profit for Q1 2024 was RMB 417,940,116.03, down from RMB 429,707,286.86 in Q1 2023, indicating a decrease of approximately 2.00%[24] - Comprehensive income for Q1 2024 was RMB 418,060,026.30, compared to RMB 426,215,182.33 in Q1 2023, reflecting a decrease of approximately 1.00%[26] Cash Flow - The net cash flow from operating activities decreased by 33.65% to RMB 197,770,536.48, down from RMB 342,032,737.06 in the same period last year[5] - Cash inflow from operating activities totaled RMB 2,493,713,444.14 in Q1 2024, slightly down from RMB 2,510,340,929.95 in Q1 2023, a decrease of about 0.66%[29] - In Q1 2024, the net cash flow from operating activities was $197,770,536.48, a decrease of 33.6% compared to $298,088,028.52 in Q1 2023[30] - The total cash outflow from investing activities in Q1 2024 was $31,965,011.31, significantly lower than $113,267,473.44 in Q1 2023, resulting in a net cash flow from investing activities of -$29,041,573.14[30] - Cash inflow from financing activities in Q1 2024 was $998,000,000.00, with a net cash flow from financing activities of $783,837,384.98, compared to a net outflow of -$130,491,391.68 in Q1 2023[31] Assets and Liabilities - Total assets at the end of Q1 2024 were RMB 57,341,588,442.28, reflecting a 1.75% increase from RMB 56,352,939,728.84 at the end of the previous year[6] - Total liabilities rose to ¥14,172,917,294.83 from ¥13,623,749,088.14, an increase of about 4.0%[20] - The company's equity attributable to shareholders increased by 0.99% to RMB 39,993,377,093.37 from RMB 39,601,858,063.43 at the end of the previous year[6] - The company's cash and cash equivalents increased to ¥6,186,610,792.66 as of March 31, 2024, up from ¥5,228,415,449.28 on December 31, 2023, representing a growth of approximately 18.4%[17] Investments and Acquisitions - The company completed the acquisition of a 79.03% stake in Dalian Port Logistics Network Co., Ltd. for RMB 63,716,000, with the merger date set for November 3, 2023[7] - The company also acquired 100% of Yingkou Port Xin Technology Co., Ltd. for RMB 19,311,500, with the merger date set for October 27, 2023[7] - Investment income decreased by 75.75% primarily due to the decline in performance of joint ventures in liquefied natural gas and bulk cargo operations[10] Operational Metrics - Container throughput increased by 11.1% to 255.8 million TEU compared to 230.3 million TEU in the same period last year[15] - The company reported a significant increase in the volume of foreign trade containers due to new ocean routes and stable line connections[16] - The domestic economy's recovery contributed to an increase in domestic trade containers, supported by ongoing empty container transfer operations[16] - The company experienced a decline in vehicle throughput due to reduced demand for Japanese and Korean vehicles transiting through its port[16] Expenses - Total operating costs increased to RMB 2,380,520,757.89 in Q1 2024 from RMB 2,337,680,965.82 in Q1 2023, reflecting a rise of about 1.82%[23] - Research and development expenses decreased by 59.71% due to a reduction in R&D projects[10] - Research and development expenses decreased to RMB 4,078,786.37 in Q1 2024 from RMB 10,123,487.05 in Q1 2023, a reduction of approximately 59.69%[23] - Other income increased by 47.79% mainly due to increased subsidies from the China-Europe freight train[10] - Other income increased to RMB 55,933,067.21 in Q1 2024 from RMB 37,845,606.48 in Q1 2023, representing a growth of about 47.73%[24]

Operational Achievements - In 2023, the group completed a record 632,000 roll-on/roll-off vehicles at the passenger terminal, increasing market share to 48.4%[16] - The group launched the first bulk cargo liner route from Dalian to Ravenna, Italy, enhancing the global network for bulk cargo shipping[10] - The container terminal's Mediterranean DRAGON line was officially launched, increasing the number of ocean routes to four[12] - The group received its 1,000th VLCC (Very Large Crude Carrier) at the oil terminal, marking a significant milestone since the terminal's establishment in 2004[15] - The group opened the Qingdao Yuanda domestic trade Wuhu line, significantly reducing transportation time by 3-4 days compared to previous transshipment methods[18] - The group introduced the Mediterranean DOLPHIN line, restoring direct shipping services to the third largest port in Indonesia, enhancing service capabilities[13] - The group expanded its container shipping services with the addition of the ICN line, improving logistics for exports of fruits and chemicals[17] - The company opened 9 new container shipping routes and 4 domestic bulk cargo routes in 2023, enhancing its network layout[23] - The company reported a total throughput of 5,474.7 million tons in 2023, an increase of 3.4% compared to 2022[65] - Crude oil throughput reached 3,610.9 million tons in 2023, up 8.1% year-on-year, with imported crude oil increasing by 4.4% to 2,132.3 million tons[65] - Container throughput reached 1,026.3 million TEUs in 2023, marking a 9.2% increase compared to 2022[69] - The automotive terminal achieved a throughput of 808,221 vehicles in 2023, a slight increase of 0.3% compared to 2022, driven by significant growth in foreign trade vehicle operations[74] - The grain terminal's throughput increased by 2.9% year-on-year to 1,528.0 million tons, with significant growth in soybean throughput by 49.5% to 362.2 million tons[81] - The passenger roll-on/roll-off terminal recorded a throughput of 352.3 million passengers, a remarkable increase of 144.5% year-on-year, alongside a 22.5% growth in roll-on/roll-off vehicle throughput to 98.1 million vehicles[85] Financial Performance - In 2023, the company's net profit attributable to shareholders reached RMB 1,343,109,072.73, representing a year-on-year increase of 1.93%[20] - The company's operating revenue for 2023 was RMB 12,219,879,000, a slight increase of 0.43% compared to RMB 12,167,472,000 in 2022[27] - The gross profit for 2023 was RMB 3,390,095,000, reflecting a growth of 6.69% from RMB 3,177,602,000 in the previous year[27] - The company achieved a 48.1% year-on-year increase in mixed ore international transshipment, totaling 4.22 million tons[23] - The total assets of the company decreased by 2.63% to RMB 56,352,940,000 in 2023 from RMB 57,876,049,000 in 2022[27] - The debt ratio improved significantly, decreasing by 24.70% to 13.57% in 2023 from 18.02% in the previous year[27] - The company's total assets as of December 31, 2023, were RMB 56,352,939,728.84, with total liabilities of RMB 13,623,749,088.14, resulting in a debt-to-asset ratio of 24.2%, down from 27.6% in 2022[43] - The company reported a net cash inflow from operating activities of RMB 3,339,177,768.02 for 2023[44] - The company completed capital expenditures of RMB 629,863,806.64 in 2023, primarily funded by operational cash flow and external financing[64] - The company reported a credit impairment loss of 156.14 million RMB for receivables from Dalian Eneske International Trade Co., Ltd.[110] Legal and Compliance Issues - The total amount claimed by the import agents against the company’s subsidiary, Dalian Container Terminal Logistics Co., is RMB 1.06 billion[48] - The court ruled that Dalian Container Terminal Logistics Co. must pay RMB 109.69 million to Chengtong Company, with interest calculated from March 23, 2021[50] - Dalian Container Terminal Logistics Co. was ordered to pay RMB 10.26 million to Zhongda Metal Company, with interest from September 1, 2021[51] - The company was required to compensate Qingdao Kaitou Company RMB 299.38 million, with interest from March 27, 2021[52] - Dalian Container Terminal Logistics Co. was ordered to pay RMB 336.08 million to Rongjiang Company for cargo loss, with interest from April 7, 2021[54] - The company must compensate Qingdao Zhongyun Company RMB 169.25 million for cargo loss, with interest from April 9, 2021[55] - The company has faced multiple lawsuits related to logistics agreements and has been involved in various court proceedings[48][50][51][52][54][55] - The company has appealed several court decisions, indicating ongoing legal challenges[50][51][52][54][55] - The total amount of claims and judgments against the company reflects significant financial liabilities[48][50][51][52][54][55] - The company is actively engaged in legal negotiations and settlements with various parties involved in the disputes[48][50][51][52][54][55] Strategic Initiatives and Future Plans - The company plans to leverage national policies and optimize resource allocation to enhance its competitive position in the port industry in 2024[25] - The company aims to build a comprehensive service system focusing on "hub + channel + network" to improve core competitiveness[25] - The company aims to enhance its core competitiveness by focusing on market-oriented strategies and customer-centric services, with a goal to build a "world-class" strong port[132] - In 2024, the company plans to strengthen its oil products segment by leveraging the restructuring and capacity expansion of private refineries in Liaoning and Hebei, aiming to increase throughput[133] - The container segment will focus on expanding overseas routes, optimizing the Bohai Sea transshipment platform, and enhancing digital capabilities to support high-quality development[135] - The company intends to actively develop roll-on/roll-off transport services and restore international cruise and passenger transport operations[136] - The automotive segment will capitalize on the rapid growth of export vehicles by strengthening cooperation with shipping companies and expanding new trade routes[137] - The bulk cargo segment will deepen strategic customer cooperation and enhance the supply chain service brand for iron ore, aiming for qualification as a "national strategic reserve" for iron ore[138] Safety and Environmental Management - The company has implemented a safety production philosophy of "striving from zero to zero," ensuring stable safety production throughout the year[158] - The company has established a comprehensive safety inspection system with 80 safety and environmental regulations, continuously improving its safety management framework[160] - Conducted 34 special inspections and 273 routine inspections in 2023, identifying a total of 4,501 safety issues with a rectification rate of 98%[163] - Implemented a dual mechanism for safety risk assessment and hidden danger investigation, discovering 452 issues across 36 subsidiaries[162] - Developed a digital twin system for safety production management, with an investment of nearly 30 million yuan in lightning warning systems and emergency shut-off systems[176] - Completed safety training courses for frontline positions across 25 major production units, enhancing safety awareness and capabilities[166] - The company invested 1.26 million yuan in the construction of a dust suppression wall at the Dalian Port bulk cargo terminal, measuring 2,284 meters[183] - The company implemented a hazardous waste management program, participating in the establishment of standards for "waste-free ports" and promoting the use of standardized hazardous waste storage facilities[185] - The company strengthened emergency management by revising 12 emergency plans related to safety, environmental protection, and occupational health[189] Social Responsibility and Community Engagement - The company is committed to social responsibility, balancing economic benefits with obligations to customers, employees, society, and the environment[151] - The company is actively engaging in social responsibility initiatives, including volunteer services and donations to local schools and special education institutions[191] - The company aims to combine social responsibility with its development strategy, focusing on employee rights and customer value creation[192] Research and Development - Research and development expenses decreased by 26% to RMB 39,294,670.66, primarily due to a reduction in R&D projects[38] - The company employed 166 R&D personnel, making up 0.85% of the total workforce[105] - Research and development (R&D) expenses totaled 50.31 million RMB, representing 0.41% of operating revenue, with 21.90% of R&D expenses capitalized[105] Investment and Capital Management - The company has unused bank credit lines amounting to RMB 17.5 billion as of December 31, 2023[45] - The company has a significant investment project, Dayaowan Phase II, with a planned total investment of 378.30 million RMB, of which 233.32 million RMB has been invested[124] - The company has no significant investment or financing information to disclose as of the report date[193] Employee Management - The company has a total of 10,848 employees as of December 31, 2023, with a focus on developing employee potential and optimizing the compensation structure[143] - The company provided a total of 6.9 million yuan in慰问金 and慰问物资 to employees throughout the year[181] Environmental Impact - Energy consumption in the Dalian area totaled 93,907.24 tons of standard coal, with a consumption intensity of 3.64 tons per ten thousand tons of throughput, a year-on-year decrease of 13.63%[187] - Carbon dioxide emissions were 290,407.32 tons, with an emission intensity of 12.62 tons per ten thousand tons of throughput, a year-on-year decrease of 12.54%[187] - The company completed the construction of 5 sets of shore power facilities for passenger and cargo roll-on/roll-off ships, with a total of 1,718 shore power connections and 6,410.5 hours of power usage[187] - The company is committed to enhancing the electrification of mobile machinery and reducing carbon emissions at its terminals[190]

Financial Performance - The total operating revenue for the year ended December 31, 2023, was RMB 12,219,878,814.79, a slight increase from RMB 12,167,471,648.38 in 2022, representing a growth of approximately 0.43%[8] - The net profit for the year ended December 31, 2023, was RMB 1,507,251,191.09, compared to RMB 1,472,619,134.96 in 2022, indicating an increase of about 2.36%[8] - Total comprehensive income for the year ended December 31, 2023, was approximately RMB 1.52 billion, up from RMB 1.49 billion in 2022, representing a growth of about 2.1%[9] - The net profit attributable to shareholders for the year ended December 31, 2023, was RMB 1.36 billion, compared to RMB 1.33 billion in 2022, indicating an increase of approximately 1.4%[9] - Basic earnings per share (EPS) for the year ended December 31, 2023, was 0.06, compared to 0.05 for the year ended December 31, 2022, reflecting a 20% increase[9] - The total profit for the 12 months ended December 31, 2023, was $2,034,992,700.03, compared to $1,939,787,052.98 in 2022, reflecting a growth of 4.9%[52] - The proposed year-end dividend for 2023 is RMB 1.91 per share, an increase from RMB 1.74 per share in 2022, representing a growth of 9.8%[54] Assets and Liabilities - The total assets as of December 31, 2023, amounted to RMB 56,352,939,728.84, a decrease from RMB 57,876,049,433.75 in 2022, reflecting a decline of approximately 2.63%[7] - The total liabilities as of December 31, 2023, were RMB 13,623,749,088.14, down from RMB 15,973,664,511.56 in 2022, showing a reduction of about 14.74%[7] - The company’s total equity as of December 31, 2023, was RMB 42,729,190,640.70, an increase from RMB 41,902,384,922.19 in 2022, representing a growth of approximately 1.97%[7] - The debt-to-asset ratio improved to 24.2%, down 3.4 percentage points from 27.6% in the previous year, mainly due to the repayment of maturing bonds[65] - The net debt-to-equity ratio improved to 13.5% from 18.1% in the previous year, indicating a reduction in debt levels[66] Cash Flow and Financial Management - The company's cash and cash equivalents as of December 31, 2023, were RMB 5,228,415,449.28, slightly down from RMB 5,285,807,017.68 in 2022, a decrease of approximately 1.08%[4] - The company reported a decrease in financial expenses, totaling RMB 432,164,611.61 for 2023, compared to RMB 465,639,190.54 in 2022, a decline of approximately 7.16%[8] - The total income tax expense for the 12 months ended December 31, 2023, was $527,741,508.94, an increase of 12.9% from $467,167,918.02 in 2022[52] Research and Development - Research and development expenses for the year were RMB 39,294,670.66, down from RMB 53,126,381.44 in 2022, indicating a reduction of about 26.00%[8] - The group’s subsidiaries can deduct 100% of R&D expenses from taxable income, effective from January 1, 2023[22] Mergers and Acquisitions - The company completed the merger with Yingkou Port Group, increasing total shares from 12.89 billion to 22.62 billion shares, with Yingkou Port Group holding 30.57% post-merger[11] - The company acquired 79.03% of Dalian Port Logistics Network Co., Ltd. for a cash consideration of 63.716 million yuan, with the merger date set for November 3, 2023[15] - The company also acquired 100% of Yingkou Port Xinke Technology Co., Ltd. for a cash consideration of 19.3115 million yuan, with the merger date set for October 27, 2023[15] Legal and Regulatory Matters - The terminal logistics company has faced multiple appeals and re-trials regarding various compensation cases, indicating ongoing legal challenges[70][71][72] - The company has been ordered to pay a total of approximately RMB 1.1 billion across various legal cases, highlighting potential impacts on its financial stability[69][70][71][72] Operational Performance - The company achieved a total income from port operations of $8,802,258,538.88, highlighting its strong position in the logistics sector[46] - Revenue from logistics services was $765,767,562.24, contributing significantly to the overall income[46] - The company plans to continue focusing on market expansion and new product development to drive future growth[3] - The company plans to enhance its core competitiveness by focusing on quality improvement and efficiency, emphasizing innovation and collaboration to expand service capabilities[98] Market Outlook - The IMF has adjusted its forecast for China's economic growth in 2024 to 4.6%, indicating a positive outlook for the company's business environment[101] - The company anticipates facing increased uncertainties in the global economic landscape and intensified competition among ports in the Bohai Rim region[102] - The strategic focus for 2024 includes enhancing market orientation, customer-centric services, and building a comprehensive service system to strengthen port competitiveness[103]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2023年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 遼寧港口股份有限公司 呈交日期: 2023年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 | 02880 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,158,715,999 | RMB | | 1 RMB | | 5,158,715,999 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | 本月底結存 | | | 5,158,715,999 | RMB | | 1 RMB | | 5,158,715,999 | | 2. 股份分類 | 普通股 | A 股份類別 | ...

辽宁港口股份有限公司 2023 年第一次临时股东大会 会议资料 二零二三年十二月 1 2023 年第一次临时股东大会会议文件 议案 1（特别决议案） 关于修订《辽宁港口股份有限公司独立董事工作制度》的议案 为规范独立董事行为，充分发挥独立董事在上市公司治理中的作用，促进上 市公司规范运作，提高上市公司质量，切实保护全体股东特别是中小股东的利益， 根据《中华人民共和国公司法》、《中华人民共和国证券法》、《国务院办公厅关于 上市公司独立董事制度改革的意见》、2023 年 7 月 28 日中国证券监督管理委员会 审议通过的《上市公司独立董事管理办法》（以下简称"管理办法"）、《上市公司 治理准则》、《关于加强社会公众股股东权益保护的若干规定》、《上海证券交易所 股票上市规则》等最新的法律、法规、相关规范性文件，拟针对《辽宁港口股份 有限公司独立董事工作制度》进行修订，具体修订条款请见如下。 | 独立董事工作制度修订对照表 | | | --- | --- | | 原条款 | 修改为 | | 第一条 为进一步完善辽宁港口股份有限公 | 第一条 为进一步完善辽宁港口股份有限公司（以 | | 司（以下简称"公司"或"本公司 ...