Financial Performance - The company's operating revenue for the period was RMB 3,584.20 million, representing a year-on-year increase of 5.85%[2] - Gross profit for the period was RMB 1,430.08 million, with a gross margin of 39.90%, an increase of 1.69 percentage points year-on-year[2] - Net profit for the period was RMB 951.14 million, reflecting a year-on-year growth of 33.41%, with net profit attributable to the parent company reaching RMB 912.73 million, up 28.24%[2] - Earnings per share for the period was RMB 0.16, an increase of 23.08% compared to the previous year[2] - The company achieved a total comprehensive income of RMB 969.72 million for the period, compared to RMB 903.80 million in the previous year[8] - The total revenue for the first half of 2023 was RMB 3.58 billion, representing a year-on-year growth of 5.85%[59] - The gross profit for the first half of 2023 was RMB 1.43 billion, with a gross margin of 39.90%, up 1.69 percentage points from the previous year[60] - For the first half of 2023, the company's net profit attributable to ordinary shareholders was RMB 912.73 million, an increase of 28.2% compared to RMB 711.74 million in the same period of 2022[56] Assets and Liabilities - Total current assets as of June 30, 2023, amounted to RMB 6,091.85 million, up from RMB 5,275.28 million at the end of 2022[3] - Total liabilities as of June 30, 2023, were RMB 9,452.83 million, a decrease from RMB 9,715.62 million at the end of 2022[5] - The total assets as of June 30, 2023, were RMB 28,299.21 million, compared to RMB 27,940.70 million at the end of 2022[5] - The company’s cash and cash equivalents increased to RMB 5,682.31 million from RMB 4,847.76 million at the end of 2022[3] - The group’s accounts receivable as of June 30, 2023, totaled RMB 75,636,298.30, with a provision for bad debts of RMB 8,497,732.81, resulting in a net value of RMB 67,138,565.49[20] - The group reported a cash balance of RMB 11,113.99 as of June 30, 2023, down from RMB 25,508.88 on December 31, 2022, indicating a decrease of approximately 56.5%[15] - The group’s total liabilities as of June 30, 2023, were RMB 75,636,298.30, with a significant portion attributed to accounts receivable[20] Research and Development - The company reported a significant increase in R&D expenses, totaling RMB 43.06 million, compared to RMB 16.32 million in the previous year[7] Inventory and Fixed Assets - Inventory as of June 30, 2023, was valued at RMB 145,382,477.46 after accounting for a provision for inventory impairment of RMB 23,366,804.94[28] - Fixed assets increased from RMB 11,548,007,158.30 as of December 31, 2022, to RMB 13,245,266,834.25 as of June 30, 2023, indicating significant investment in fixed assets[31] - The total original value of fixed assets at the end of the period was approximately 26.19 billion, an increase from the beginning balance of approximately 25.97 billion, reflecting a growth of about 0.84%[33] - The accumulated depreciation at the end of the period was approximately 14.52 billion, compared to 13.46 billion at the beginning, indicating an increase of about 7.9%[33] - The net book value of fixed assets at the end of the period was approximately 11.54 billion, up from 12.41 billion at the beginning, showing a decrease of about 7%[33] Cash Flow and Debt Management - The net cash flow from operating activities was RMB 1,581.82 million, an increase of 7.03% compared to the previous year[77] - The company’s debt-to-asset ratio decreased to 33.40% from 34.77% at the end of 2022, a reduction of 1.37 percentage points[78] - As of June 30, 2023, the company's short-term borrowings remained unchanged at RMB 260 million, with interest payable decreasing from RMB 270,111.11 to RMB 245,555.55[40] - Long-term borrowings decreased from RMB 6,609,767,592.04 to RMB 6,025,988,135.57, a reduction of about 8.8%[44] Taxation - The group has a tax rate of 25% for corporate income tax, with certain subsidiaries enjoying tax incentives, such as a 16.5% rate for overseas subsidiaries[11] - Corporate income tax payable surged to RMB 59,410,075.43 from RMB 27,127,134.34, marking an increase of approximately 119%[43] - The company reported a total tax expense of RMB 202.37 million for the first half of 2023, down from RMB 224.07 million in the same period of 2022[55] Market and Operational Insights - The total cargo throughput for the first half of 2023 was 196.48 million tons, an increase of 4.15% from 188.66 million tons in the same period of 2022[61] - The throughput at Caofeidian Port increased by 13.68% to 61.66 million tons, driven by strong demand for iron ore[63] - The company completed coal throughput of 111.39 million tons, a decrease of 1.37% from 112.94 million tons in the previous year[65] - The company achieved a throughput of 12.96 million tons in bulk cargo handling services, an increase of 8.00% from 12.00 million tons in the same period of 2022, driven by enhanced market research and development efforts[69] Corporate Governance - The board of directors does not recommend the payment of an interim dividend for the six months ended June 30, 2023[88] - The interim financial report for the six months ended June 30, 2023, has been reviewed by the audit committee[88] - The company is committed to compliance with the Corporate Governance Code as per the Hong Kong Stock Exchange Listing Rules[89] - The company is registered under Chinese law and was established on March 31, 2008[92] - The company’s shares are listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange[89]

Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,726,009,525.03, representing a 4.73% increase year-over-year[18] - Net profit attributable to shareholders for Q1 2023 was RMB 417,883,627.51, reflecting a 24.43% increase compared to the same period last year[18] - The company’s basic earnings per share for Q1 2023 was RMB 0.07, reflecting a 16.67% increase year-over-year[18] - The net profit for Q1 2023 was CNY 434,600,442.67, an increase of 32.8% compared to CNY 327,117,014.02 in Q1 2022[42] - Operating profit rose to CNY 527,493,201.36, up 22.5% from CNY 430,606,051.21 in the same period last year[42] - The total comprehensive income for Q1 2023 was CNY 483,752,603.42, compared to CNY 326,779,746.59 in Q1 2022, reflecting a growth of 47.9%[44] Cash Flow - Cash flow from operating activities for Q1 2023 was RMB 721,183,779.07, up by 19.25% year-over-year[18] - The cash flow from operating activities generated a net amount of CNY 721,183,779.07, an increase of 19.3% from CNY 604,743,449.17 in the previous year[47] - Investment activities generated a net cash flow of CNY 442,050,486.27, a significant recovery from a negative cash flow of CNY -223,193,339.17 in Q1 2022[47] - Cash flow from operating activities for Q1 2023 was approximately ¥340.78 million, up from ¥335.88 million in Q1 2022, reflecting an increase of about 1.2%[61] - Cash flow from investing activities for Q1 2023 was approximately ¥533.40 million, a significant improvement from a negative cash flow of ¥18.94 million in Q1 2022[61] Research and Development - Research and development expenses increased by 234.61%, indicating a significant boost in investment in innovation[4] - The company’s research and development expenses for Q1 2023 were RMB 11,909,977.27, significantly higher than RMB 3,559,326.41 in Q1 2022, indicating a focus on innovation[38] - Research and development expenses for Q1 2023 were ¥9,987,403.32, significantly higher than ¥3,051,605.24 in Q1 2022, indicating an increase of about 227%[55] Assets and Liabilities - The total assets of the company as of March 31, 2023, were RMB 28,259,842,608.29, compared to RMB 27,940,699,083.26 at the end of the previous year[23] - The total assets at the end of the reporting period were RMB 28,259,842,608.29, reflecting a 1.14% increase from RMB 27,940,699,083.26 at the end of the previous year[34] - The total liabilities amounted to RMB 9,542,961,389.74, down from RMB 9,715,622,758.59 in the previous year[36] - The total liabilities decreased to ¥2,092,369,755.70 in Q1 2023 from ¥2,137,707,746.37 in Q1 2022, a reduction of about 2.1%[55] - The company's total equity increased to ¥17,450,366,725.52 in Q1 2023, up from ¥17,089,092,608.62 in Q1 2022, reflecting an increase of approximately 2.1%[55] Income and Expenses - The total operating costs for Q1 2023 were RMB 1,305,899,143.88, compared to RMB 1,262,447,785.67 in Q1 2022, indicating an increase of about 3.15%[38] - The company experienced a 33.28% increase in taxes and surcharges, mainly due to higher land use tax[4] - The company reported a decrease in interest expenses to CNY 64,057,383.81 from CNY 64,975,358.58 year-over-year[42] - The company reported a tax expense of approximately ¥81.13 million in Q1 2023, down from ¥95.03 million in Q1 2022, reflecting a decrease of about 14.6%[57] Other Income - The company reported a government subsidy income of RMB 17,841,368.65 during the period, contributing positively to the financial results[27] - The company recorded a non-operating income from the exchange of non-monetary assets amounting to RMB 18,414,931.62[27] - The company recorded a significant increase in investment income to CNY 74,586,258.76, up from CNY 41,144,769.79 in the same quarter last year[42] - The net profit from investments in associates and joint ventures was ¥75,546,341.10, significantly higher than ¥40,787,546.84 in the same period last year, marking an increase of approximately 85%[55]

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 秦皇島港股份有限公司 QINHUANGDAO PORT CO., LTD.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03369） 二零二三年第一季度報告 秦皇島港股份有限公司（「本公司」或「公司」或「母公司」或「秦港股份」）董事會 （「董事會」）欣然呈遞本公司及其附屬公司（統稱「本集團」）截至二零二三年三月 三十一日止第一季度未經審計業績。本公告乃根據香港聯合交易所有限公司（「聯 交所」）證券上市規則（「上市規則」）第13.09(2)條及第13.10B條以及香港法例第 571章證券及期貨條例第XIVA部項下之內幕消息條文作出。 公司董事會、監事會及董事、監事、高級管理人員保證季度報告內容的真實、準 確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律 責任。 公司負責人、主管會計工作負責人及會計機構負責人（會計主管人員）保證季度報 告中財務報表信息的真實、準確、完整。 ...

Financial Performance - The company's operating revenue for 2022 was CNY 6,919,421,033.92, representing a 4.92% increase compared to CNY 6,594,861,850.05 in 2021[10]. - Net profit attributable to shareholders for 2022 was CNY 1,308,419,060.49, a 26.00% increase from CNY 1,038,394,361.09 in 2021[10]. - The net cash flow from operating activities for 2022 was CNY 2,434,300,401.27, a decrease of 2.85% from CNY 2,505,773,343.98 in 2021[10]. - Basic earnings per share for 2022 was CNY 0.23, up 21.05% from CNY 0.19 in 2021[11]. - The company's total assets at the end of 2022 were CNY 27,940,699,083.26, a slight increase of 0.59% from CNY 27,776,977,884.78 at the end of 2021[10]. - The net asset attributable to shareholders at the end of 2022 was CNY 17,321,605,086.27, reflecting a 7.89% increase from CNY 16,055,346,158.93 at the end of 2021[10]. - The weighted average return on net assets for 2022 was 7.84%, an increase of 1.2 percentage points from 6.64% in 2021[11]. - The company reported a net profit margin of 35.70%, reflecting strong operational efficiency[122]. - The total profit reached RMB 166,319 million, marking a significant increase of 29.79% compared to the previous year[50]. - The company achieved a net profit attributable to shareholders of RMB 1,308,419,060.49 for the year 2022[180]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.71 per 10 shares, totaling RMB 396,706,252.00 based on a total share capital of 5,587,412,000 shares as of December 31, 2022[3]. - The profit distribution plan proposes a cash dividend of RMB 0.71 per 10 shares, totaling RMB 396,706,252.00 to be distributed to all shareholders[180]. - The company will distribute at least 30% of the net profit attributable to shareholders as cash dividends in profitable years with positive retained earnings[177]. - In mature stages without significant capital expenditure, the cash dividend proportion should be at least 80% of the profit distribution[177]. - The cash dividend policy complies with the company's articles of association and the requirements of the shareholders' meeting[181]. - The dividend payment is expected to be completed by August 25, 2023, if approved at the annual general meeting[180]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Huaming[3]. - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[3]. - The internal control audit report for the year received a standard unqualified opinion, indicating effective internal controls[188]. - The company did not face any penalties from securities regulatory authorities in the past three years[145]. - The audit committee held six meetings during the reporting period, discussing various financial reports and audit plans[154]. - The company has established a comprehensive management and assessment system for its subsidiaries, ensuring compliance with laws and regulations[186]. Operational Highlights - The company achieved a total throughput of 384 million tons in 2022, with coal throughput at 223 million tons and metal ore throughput at 117 million tons, reflecting a year-on-year increase of 1.28%[24]. - The company optimized production operations, reducing the time vessels spent in port by 10% and achieving record monthly loading and unloading volumes[25]. - New direct shipping routes were successfully launched, including "Qinhuangdao - Yantai - Quanzhou" and "Qinhuangdao - South China," enhancing logistics efficiency[25]. - The company completed 1,599,425 TEU in container throughput, equivalent to 16.21 million tons, an increase of 104,435 TEU or 6.99% from 1,494,990 TEU in 2021, supported by expanded container transport services[36]. - The company is focusing on enhancing its digital services, which are projected to grow by 14.85%[122]. Strategic Initiatives - The company plans to enhance its port operations through innovation, green initiatives, and efficiency improvements, aiming for high-quality development[27]. - The company aims to provide comprehensive port services, including loading, storage, transportation, and logistics, focusing on coal, metal ores, and liquid chemicals[43]. - The company is actively expanding its port resources and transportation capabilities, leveraging the Daqin Railway for coal transport[47]. - The company is focusing on sustainability initiatives, with a target to reduce carbon emissions by 20% by 2025[124]. - The company plans to expand its market presence by entering three new regional markets in 2023[35]. Risk Management - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[3]. - The company faces risks including reduced coal demand due to carbon neutrality goals and intensified competition among ports in the Bohai Rim region[99]. - The overall economic environment remains challenging, with pressures from demand contraction and supply shocks, but there are opportunities for growth through resource integration and technological advancements[27]. Governance and Leadership - The company has a diverse leadership team with members holding positions in various state-owned enterprises, enhancing its governance structure[135]. - The board consists of 8 members, including 2 executive directors and 4 independent non-executive directors, complying with Hong Kong listing rules[193]. - The company has established a total of six specialized committees under the board to enhance governance and oversight[150]. - The company appointed Yang Jun and Zhou Chengtao as employee representatives on the fifth supervisory board on May 19, 2022[132]. - The ongoing restructuring and leadership changes are aimed at enhancing operational efficiency and strategic direction[132].

(五)其他 √适用 □不适用 （1）毛利率 本公司本年度毛利人民币265,223.95万元，同比增长6.08%；本公司本年度毛利率为38.33%， 同比增长 0.42 个百分点。 （2）税金及附加 本公司本年度税金及附加为人民币 13,540.93 万元，同比下降 34.44%，主要由于环保税较上 年大幅减少所致。 （3）其他收益 本公司本年度其他收益为人民币 8,378.47 万元，同比增长 53.14%，主要由于增值税加计抵 减增加所致。 23 / 226 2022 年年度报告 （4）投资收益 本公司本年度投资收益为人民币 23,523.49 万元，同比增长 26.39%，主要由于本公司的联营 企业净利润增加所致。 （5）资产减值损失 本公司本年度的资产减值损失为人民币 3,678.29 万元，同比增长 6.42%，主要由于计提固定 资产减值损失增加所致。 （6）信用减值损失 本公司本年度的信用减值损失为人民币 1,636.22 万元，同比下降 42.38%，主要是子公司沧 州矿石港务的减少。 （7）营业外收支净额 本公司本年度营业外收支净额为人民币-138.16 万元，同比下降 136.27%，主要由于 ...

Financial Performance - The company's operating revenue for the year ended December 31, 2022, was RMB 6,919,421.03 million, representing a year-on-year growth of 4.92%[9] - The net profit for the year was RMB 1,357,064.69 million, showing a significant increase of 36.10% compared to the previous year[8] - The net profit attributable to the owners of the parent company was RMB 1,308,419.06 million, which is a growth of 26.00% year-on-year[8] - The company reported a total comprehensive income of RMB 1,596,266.87 million for the year, compared to RMB 1,143,592.52 million in the previous year[10] - The basic and diluted earnings per share increased to RMB 0.23 from RMB 0.19 year-on-year[10] - The company's total revenue for 2022 was RMB 6,919,421,033.92, representing a year-on-year increase of 4.92% compared to RMB 6,594,861,850.05 in 2021[48] - The operating costs for 2022 were RMB 4,267,181,490.83, which is a 4.21% increase from RMB 4,094,699,901.80 in 2021[60] - The gross profit for 2022 was RMB 2,652,233,950, with a gross margin of 38.33%, an increase of 0.42 percentage points year-on-year[60] Assets and Liabilities - The total assets as of December 31, 2022, amounted to RMB 27,940,699.08 million, compared to RMB 27,776,977.88 million in the previous year[7] - The total liabilities decreased to RMB 9,715,622.76 million from RMB 10,867,283.86 million year-on-year[7] - The company’s total liabilities and equity structure remained consistent with the previous year, ensuring financial stability[16] - The total fixed assets at the end of 2022 amounted to RMB 26,189,579,788.21, with accumulated depreciation of RMB 14,515,390,585.88[27] - The company reported a total of RMB 11,543,919,367.83 in fixed assets at the end of 2022, down from RMB 12,411,537,209.32 at the end of 2021[27] Cash Flow and Investments - Cash and cash equivalents increased to RMB 4,847,758.21 million from RMB 4,051,769.71 million year-on-year[5] - The company reported a total tax expense of RMB 306,122,888.75 for 2022, compared to RMB 284,300,281.26 in 2021[54] - The company's operating cash flow for the year was RMB 2,434.30 million, a decrease of 2.85% year-on-year, while investment cash flow was RMB -464.68 million, an increase of 75.02%[80] - The total budget for construction projects in 2022 was RMB 29,285,583,402.78, with significant ongoing projects including the Huanghua Port comprehensive port area[35] - The company has ongoing construction projects with a total book balance of approximately $2.48 billion, indicating continued investment in infrastructure[32] Accounts Receivable and Provisions - The accounts receivable as of December 31, 2022, totaled RMB 54,010,800.89, with a provision for bad debts of RMB 7,387,989.12, representing a provision ratio of 14%[19] - The estimated default balance for accounts receivable within one year is RMB 48,254,578, with an expected credit loss rate of 5%, resulting in an expected credit loss of RMB 2,412,728.90[21] - The total accounts receivable bad debt provision increased from RMB 4,706,918.38 in 2021 to RMB 7,387,989.12 in 2022, reflecting a provision of RMB 3,343,995.54 for the year[21] - The top five accounts receivable balances as of December 31, 2022, totaled RMB 27,144,892.80, accounting for 50.26% of total accounts receivable, with a bad debt provision of RMB 4,392,996.95[22] Dividends and Shareholder Returns - The company proposed a final dividend of RMB 0.71 per share for the year[3] - The proposed profit distribution plan for 2022 is to distribute a cash dividend of RMB 0.71 per 10 shares, totaling RMB 396,706,252.00 based on a total share capital of 5,587,412,000 shares as of December 31, 2022[94] - If the profit distribution proposal is approved at the 2022 annual general meeting, the dividend payment to shareholders will be completed by August 25, 2023[95] Tax and Regulatory Benefits - The company has a tax rate of 25% for corporate income tax, with a reduced rate of 16.5% for overseas subsidiaries[13] - The company benefited from a 50% reduction in land use tax for its logistics facilities from January 1, 2020, to December 31, 2022[14] - The company has implemented a tax policy allowing for a 10% additional deduction on input VAT for certain service industries, which was extended until December 31, 2022[15] Operational Highlights - The total cargo throughput for the company reached 383.83 million tons, an increase of 4.84 million tons or 1.28% compared to 378.99 million tons in the same period of 2021[61] - The throughput at Qinhuangdao Port was 186.77 million tons, a decrease of 6.50 million tons or 3.36% from 193.27 million tons in 2021, primarily due to insufficient factory operating rates leading to reduced demand for cargo transshipment[62] - The company plans to enhance its coal business by increasing marketing efforts and improving loading efficiency to boost throughput[86] - The company aims to optimize its metal ore business by enhancing production organization and operational efficiency at the Huanghua Port area[87] - The company will continue to develop container business and improve intermodal transport services, particularly in remote regions[88] Auditor and Compliance - The company has appointed Ernst & Young Hua Ming as the domestic auditor to review the financial statements for the year[96]

2022 年第三季度报告 单位：元 币种：人民币 证券代码：601326 证券简称：秦港股份 秦皇岛港股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|----------------------------------|------------------|--------------------------- ...

Financial Performance - Operating revenue for the third quarter reached RMB 1,900,019,258, representing a year-on-year increase of 22.71%[2] - Net profit attributable to shareholders was RMB 407,932,436, reflecting a growth of 48.38% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was RMB 396,982,293, an increase of 49.47% year-on-year[2] - Total operating revenue for the first three quarters of 2022 reached RMB 5,286,229,518.68, an increase of 10.2% compared to RMB 4,796,158,713.86 in the same period of 2021[14] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was RMB 1,342,654,295.42, compared to RMB 1,040,615,694.18 in 2021, representing a year-on-year increase of 28.9%[19] - The company reported a comprehensive income total of RMB 1,361,208,885.46 for the first three quarters of 2022, compared to RMB 1,003,697,537.95 in 2021, indicating a significant increase of 35.6%[19] - Basic earnings per share for the first three quarters of 2022 were RMB 0.20, up from RMB 0.17 in the same period of 2021, reflecting a growth of 17.6%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 28,259,475,218.76, a 1.74% increase from the previous year[3] - Total current assets as of September 30, 2022, amounted to RMB 4,269,805,182.39, up from RMB 3,463,954,473.80 at the end of 2021, reflecting a growth of 23.3%[24] - Total liabilities decreased to RMB 10,276,305,462.46 as of September 30, 2022, down from RMB 10,867,283,855.36 at the end of 2021, a reduction of 5.4%[13] - The total liabilities as of September 30, 2022, were RMB 2,432,074,054.39, slightly up from RMB 2,423,543,390.64 at the end of 2021, indicating a marginal increase of 0.2%[28] - The company’s long-term borrowings slightly decreased to RMB 6,251,867,294.98 as of September 30, 2022, from RMB 6,259,174,345.98 at the end of 2021, a marginal decline of 0.1%[13] Shareholder Information - Shareholders' equity attributable to the parent company was RMB 17,107,590,962.89, up 6.55% from the end of the previous year[3] - The total number of common shareholders at the end of the reporting period is 63,298[6] - The largest shareholder, Hebei Port Group Co., Ltd., holds 3,032,528,078 shares, representing 54.27% of the total shares[6] - The second-largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 827,387,373 shares, accounting for 14.81%[6] - Total equity attributable to shareholders of the parent company increased to RMB 17,107,590,962.89 as of September 30, 2022, compared to RMB 16,055,346,158.93 at the end of 2021, marking a growth of 6.5%[13] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was RMB 2,241,344,708.24, showing an 11.37% increase compared to the previous year[2] - Operating cash flow for the first three quarters of 2022 reached RMB 2,241,344,708.24, an increase of 11.4% compared to RMB 2,012,444,383.44 in the same period of 2021[20] - Cash inflow from investment activities totaled RMB 1,093,241,181.57, significantly up from RMB 292,139,276.49 in the previous year, marking a year-over-year increase of 274.5%[22] - The net cash flow from investment activities improved to RMB 170,360,339.60, recovering from a loss of RMB 2,067,488,428.14 in the same period last year[22] - The company’s investment activities generated a net cash flow of CNY 350,308,136.77, a recovery from a negative cash flow of CNY -1,136,106,497.99 in the previous year[32] Research and Development - Research and development expenses increased by 994.13% year-to-date, indicating a significant rise in investment in innovation[5] - Research and development expenses increased significantly to CNY 82,828,312.59, compared to CNY 8,292,899.75 in the same period last year, reflecting a growth of 900.5%[30] Other Comprehensive Income - The company experienced a 55.98% increase in other comprehensive income, primarily due to changes in the fair value of other equity instruments[5] - Other comprehensive income after tax for the first three quarters of 2022 was RMB 216,220,490.84, compared to RMB 68,527,210.69 in 2021, showing a substantial increase of 215.5%[19]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[7]. - The company's operating revenue for the first half of 2022 was approximately ¥3.39 billion, representing a 4.26% increase compared to the same period last year[13]. - The net profit attributable to shareholders was approximately ¥711.74 million, a 1.84% increase year-over-year[13]. - The net cash flow from operating activities increased by 16.64% to approximately ¥1.48 billion compared to the previous year[13]. - The company's gross profit for the period was RMB 1,293.75 million, a year-on-year increase of 0.95%, with a gross profit margin of 38.21%, down 1.25 percentage points year-on-year[50]. - The net profit for the period was RMB 712.97 million, a year-on-year increase of 6.30%, with a net profit margin of 21.02%, down 0.50 percentage points year-on-year[50]. - The company’s total profit for the first half of 2022 was CNY 837.55 million, a slight decrease from CNY 840.54 million in the same period of 2021, reflecting a decline of about 0.35%[108]. - The company reported a total comprehensive income of CNY 836.36 million for the first half of 2022, compared to CNY 714.73 million in the same period of 2021, reflecting an increase of approximately 17.03%[108]. Operational Highlights - The throughput volume at Qinhuangdao Port reached 25 million tons, an increase of 10% compared to the same period last year[7]. - The company achieved a total cargo throughput of 188.66 million tons in the reporting period, an increase of 1.30 million tons or 0.69% compared to 187.36 million tons in the same period of 2021[27]. - Coal throughput was 112.94 million tons, up 0.31 million tons or 0.28% year-on-year, primarily due to the company's strategies to stabilize operations amid external disruptions[27]. - The company is a major operator of bulk cargo public terminals, with significant coal transportation volumes at Qinhuangdao Port, a key hub for coal transport in China[18]. - The company is actively pursuing a diversification strategy to enhance its competitive position in the logistics service sector[18]. Strategic Initiatives - The company plans to expand its operational capacity by 20% over the next two years to accommodate increasing cargo demands[7]. - New technology initiatives are underway, focusing on digitalization and automation to enhance operational efficiency, with an investment of RMB 100 million allocated for this purpose[7]. - The company is exploring strategic acquisitions to enhance its market position and expand its service offerings in the logistics sector[7]. - The company aims to expand its container transport business and develop new inland ports to enhance logistics efficiency[46]. Risk Management - The management highlighted potential risks including market fluctuations and regulatory changes, which could impact future performance[3]. - The company faces risks including delayed recovery of industrial enterprises due to COVID-19, reduced demand for coal, and competition from the development of new energy and ultra-high voltage projects[49]. Sustainability and Social Responsibility - The company emphasizes its commitment to sustainability and social responsibility in its operations, aligning with national environmental goals[7]. - The company is classified as a key pollutant discharge unit in Qinhuangdao and has complied with pollution discharge regulations, with no production wastewater discharged in the first half of 2022[58]. - The company has successfully implemented pollution prevention facilities and maintained their good operational status[59]. - The company has established a green electricity procurement, marking its commitment to clean energy usage[65]. - The company invested CNY 200,000 in a rural revitalization project, increasing the pumpkin purchase price from CNY 0.5 to CNY 2.3 per jin, benefiting local farmers[66]. Financial Integrity and Governance - The company has no non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[3]. - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[3]. - The board of directors has approved a profit distribution plan, although specific details were not applicable for this reporting period[3]. - The company appointed new executives, including four vice presidents and a CFO, to strengthen its management team[56]. - The company has complied with the Corporate Governance Code during the reporting period[85]. Shareholder Information - The largest shareholder, Hebei Port Group Co., Ltd., holds 3,032,528,078 shares, representing 54.27% of the total shares[91]. - The total number of ordinary shareholders as of the reporting period end is 63,856[90]. - The company has not experienced any changes in its total share capital structure during the reporting period[89]. Future Outlook - The company expects an increase in demand for bulk commodities in the second half of 2022 due to the implementation of national economic stabilization policies[42]. - The coal market is expected to remain stable, with prices operating within a reasonable range amid ongoing supply measures[43]. - The company plans to enhance its metal ore business by optimizing supply structures and increasing customer numbers[44].