Financial Performance - The company achieved a net profit attributable to shareholders of RMB 1,531,202,403.96 for the fiscal year 2023[5]. - The company's operating revenue for 2023 was CNY 7,054,883,834.36, representing a 1.96% increase from CNY 6,919,421,033.92 in 2022[17]. - Net profit attributable to shareholders for 2023 was CNY 1,531,202,403.96, an increase of 17.03% compared to CNY 1,308,419,060.49 in 2022[17]. - The net profit after deducting non-recurring gains and losses was CNY 1,486,526,529.95, reflecting an 18.87% increase from CNY 1,250,538,417.22 in 2022[17]. - The total profit reached CNY 188,314,200, representing a year-on-year increase of 13.22%[56]. - The company's gross profit for the year was CNY 264,132.44 million, a year-on-year decrease of 0.41%, with a gross profit margin of 37.44%, down 0.89 percentage points year-on-year[94]. - Net profit for the year was CNY 156,447.28 million, representing a year-on-year growth of 15.28%, with a net profit margin of 22.18%, up 2.57 percentage points year-on-year[100]. Dividend Distribution - A cash dividend of RMB 0.83 per 10 shares (including tax) is proposed, totaling RMB 463,755,196.00 to be distributed to shareholders[5]. - The total share capital as of December 31, 2023, is 5,587,412,000 shares, which will be the basis for the dividend distribution[5]. - The profit distribution plan proposes a cash dividend of RMB 0.83 per 10 shares, totaling RMB 463,755,196.00 to be distributed to all shareholders[170]. - The company has established a profit distribution policy that mandates a minimum cash dividend of 30% of the net profit attributable to shareholders in profitable years[167]. - In mature stages without significant capital expenditure, the cash dividend proportion should be at least 80% of the profit distribution[169]. Risk Management - The company has outlined potential risks in the report, which can be found in the "Management Discussion and Analysis" section[5]. - The company emphasizes the importance of investor awareness regarding investment risks related to future plans and strategies[5]. - The company faced risks related to the structural adjustment of the industry and the transition to clean energy, which may constrain coal demand[93]. - The company has implemented internal control measures to enhance risk management and protect shareholder investments[175]. - The audit committee regularly reviews the effectiveness of the company's risk management and internal control systems, reporting results to the board[177]. Operational Highlights - The total throughput for the year reached 392 million tons, with coal throughput at 217 million tons and metal ore throughput at 132 million tons[33]. - The company achieved a total cargo throughput of 391.95 million tons in 2023, an increase of 8.12 million tons or 2.12% compared to 383.83 million tons in 2022[37]. - The coal business strategy focuses on major clients and ensuring smooth energy transport channels, solidifying the company's position as a key energy hub[34]. - The company expanded its market development efforts, resulting in a 2.12% year-on-year increase in overall port throughput[34]. - The grain cargo throughput increased by 34% due to infrastructure improvements and new sources from COFCO Group[34]. Governance and Management - The company is committed to enhancing operational efficiency through strategic leadership changes[125]. - The board consists of 9 members, including 3 executive directors and 4 independent non-executive directors, maintaining compliance with relevant regulations[184]. - The company has established several specialized committees, including the Strategy Committee and Risk Management Committee[142]. - The company continues to focus on enhancing its governance practices and board effectiveness[142]. - The company has not faced any penalties from securities regulatory authorities in the past three years[136]. Research and Development - Research and development expenses amounted to CNY 154,045,515.83, accounting for 2.18% of operating revenue[70]. - In 2023, the company initiated 300 R&D projects, including significant advancements in intelligent and digital technologies for stackers and reclaimers[72]. - The company is investing 100 million yuan in research and development for innovative technologies to improve service delivery[120]. - Research and development investments have increased by 18.77%, indicating a commitment to innovation[115]. - The company achieved two international advanced technology evaluations and four domestically leading evaluations in 2023[72]. Future Outlook - The company plans to enhance coal business by improving logistics efficiency and increasing market share in 2024[89]. - The company intends to stabilize existing operations in bulk goods while expanding into steel and gravel markets to increase overall cargo volume[91]. - The company has set a performance guidance for the next fiscal year, projecting a revenue increase of approximately 10%[115]. - The company has set a future outlook with a revenue target of 1.5 billion yuan for the next fiscal year, indicating an expected growth rate of 25%[120]. - The management emphasized a commitment to enhancing shareholder value through consistent dividend payouts, targeting a 5% increase in dividends for the upcoming fiscal year[119].

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 1,531,202,403.96 for the fiscal year 2023[15]. - The company's operating revenue for 2023 reached ¥7,054,883,834.36, an increase of 1.96% compared to ¥6,919,421,033.92 in 2022[160]. - The net profit attributable to shareholders for 2023 was ¥1,531,202,403.96, reflecting a growth of 17.03% from ¥1,308,419,060.49 in 2022[160]. - The net profit after deducting non-recurring gains and losses was ¥1,486,526,529.95, which is an increase of 18.87% compared to ¥1,250,538,417.22 in the previous year[160]. - The company's cash flow from operating activities for 2023 was ¥2,393,799,107.25, a slight decrease of 1.66% from ¥2,434,300,401.27 in 2022[160]. - The total assets at the end of 2023 amounted to ¥28,026,106,959.77, a marginal increase of 0.31% from ¥27,940,699,083.26 at the end of 2022[160]. - The net asset attributable to shareholders at the end of 2023 was ¥18,423,519,428.29, representing a growth of 6.36% from ¥17,321,605,086.27 in 2022[160]. - The basic earnings per share for 2023 was ¥0.27, up 17.39% from ¥0.23 in 2022[162]. - The weighted average return on equity for 2023 was 8.57%, an increase of 0.73 percentage points from 7.84% in 2022[162]. - The company's asset-liability ratio decreased to 30.88% in 2023 from 34.77% in 2022, indicating improved financial stability[166]. - The cash and cash equivalents at the end of 2023 were ¥2,838,023,000, down from ¥4,847,758,000 in 2022, reflecting a significant decrease in liquidity[166]. Dividend Policy - The proposed cash dividend for 2023 is RMB 0.83 per 10 shares, totaling RMB 463,755,196.00 to be distributed to shareholders[15]. - The company has established a cash dividend policy that complies with its articles of association and shareholder resolutions[16]. - The board of directors has implemented a comprehensive decision-making process for profit distribution, ensuring clarity and transparency[15]. Corporate Governance - The board of directors includes 2 female members, meeting the diversity requirements set by Hong Kong listing rules[5]. - The company ensures that minority shareholders have ample opportunities to express their opinions and that their legal rights are fully protected[16]. - The company has implemented a series of internal control and corporate governance measures since July 2010 to strengthen its internal monitoring system[20]. - The board of directors is responsible for developing and reviewing corporate governance policies and practices[27]. - The company has a robust internal control and risk management framework to enhance corporate governance and protect shareholder value[56]. - The supervisory board confirmed that the company's directors and senior management have acted in accordance with legal and regulatory requirements[140]. - The supervisory board's composition and meeting frequency comply with applicable laws and regulations, ensuring effective governance[142]. Employee Training and Composition - The company conducted 337 training sessions in 2023, with a total of 28,214 participants, achieving a 100% employee training coverage rate[6]. - The total number of employees in the parent company and major subsidiaries is 9,826, with 8,402 in the parent company and 1,424 in major subsidiaries[33]. - The employee composition includes 5,628 production staff, 1,755 administrative staff, 619 technical staff, and 1,824 other personnel[33]. - The company has a total of 361 employees with a master's degree or higher, and 3,143 with a bachelor's degree[33]. - The company has established a performance-based compensation system that links employee salaries to economic performance, promoting a principle of rewarding high performance[34]. Environmental Initiatives - The company invested ¥28,926.03 million in environmental protection during the reporting period[58]. - The company achieved a reduction of 118,391 tons in carbon dioxide equivalent emissions through various decarbonization measures[66]. - The company completed the construction of a windbreak network project at the east side of the coal phase five yard, enhancing dust control measures[58]. - The company has established a comprehensive dust prevention system throughout the entire production process, improving air quality management[58]. - The company has implemented a green port construction initiative, aiming for a "five-star" green port rating, with successful evaluations at multiple terminals[67]. - The company has maintained compliance with its pollution discharge permit, which is valid until July 27, 2028[60]. Related Party Transactions - The company has confirmed that all related transactions were conducted under normal commercial terms and approved by the board of directors[104]. - The company incurred rental expenses of 120,975,124.01 CNY under the leasing framework agreement with Hebei Port Group for the year 2023[96]. - The adjusted upper limit for services provided by the company to Hebei Port Group for the years 2022, 2023, and 2024 is set at 16,600,000 CNY, 20,000,000 CNY, and 20,000,000 CNY respectively[97]. - The upper limit for services provided by Hebei Port Group to the company for the years 2022, 2023, and 2024 is set at 60,700,000 CNY, 123,940,000 CNY, and 136,334,000 CNY respectively[97]. - The company received services from Hebei Port Group amounting to 991,344,985.76 CNY in 2023[100]. - The company provided services to Hebei Port Group amounting to 107,862,993.19 CNY in 2023[100]. Risk Management - The audit committee regularly reviews the company's risk management and internal control systems, ensuring ongoing effectiveness[22]. - The company has outlined potential risks in its management discussion and analysis section, advising investors to be aware of investment risks[115]. - The company has not faced any major litigation or arbitration matters during the reporting period[92]. - The company has not encountered any significant risks of delisting during the reporting period[91]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 63,443, down from 65,957 at the end of the previous month[189]. - Hebei Port Group Co., Ltd. holds 3,144,268,078 shares, representing 56.27% of the total shares[191]. - The second largest shareholder, Hong Kong Central Clearing Limited, holds 827,480,873 shares, accounting for 14.81%[191]. - The total shares held by the top ten shareholders include 4,000,000,000 shares, which is approximately 70.73% of the total shares[191]. - The company has no changes in the controlling shareholder during the reporting period[194]. - The actual controller is the State-owned Assets Supervision and Administration Commission of Hebei Province[197].

Financial Performance - The company's total operating revenue for the year ended December 31, 2023, was RMB 7,054.88 million, representing a year-on-year growth of 1.96%[3] - The net profit for the year was RMB 1,564.47 million, reflecting a year-on-year increase of 15.28%[11] - The net profit attributable to the parent company's shareholders was RMB 1,531.20 million, up 17.03% compared to the previous year[3] - The company reported a total comprehensive income of RMB 1,579.90 million for the year, slightly down from RMB 1,596.27 million in 2022[13] - The basic and diluted earnings per share for the year were RMB 0.27, compared to RMB 0.23 in the previous year[13] - In 2023, the company's net profit attributable to ordinary shareholders was approximately CNY 1.53 billion, an increase from CNY 1.31 billion in 2022, representing a growth of 17.0%[53] - The gross profit margin for 2023 was 37.44%, a decrease of 0.89 percentage points compared to the previous year[57] - The company reported a total profit of 1,883,142,038.88 for 2023, leading to an income tax expense of 318,669,264.72, compared to 306,122,888.75 in 2022[51] Assets and Liabilities - The total current assets as of December 31, 2023, amounted to RMB 3,517.04 million, down from RMB 5,275.28 million in 2022[4] - The total liabilities decreased to RMB 8,653.99 million from RMB 9,715.62 million in the previous year[8] - The total assets as of December 31, 2023, were RMB 28,026.11 million, slightly up from RMB 27,940.70 million in 2022[10] - The total fixed assets amount to 12,934,816,515.53 in 2023, an increase from 11,548,007,158.30 in 2022[32] - As of December 31, 2023, the total fixed assets amounted to approximately 28.57 billion, an increase from the previous year's 26.19 billion, reflecting a growth of about 9.5%[34] - Long-term borrowings decreased to 4,995,881,608.50 in 2023 from 5,949,695,604.50 in 2022, with interest rates ranging from 2.65% to 3.55%[43] - Short-term borrowings as of December 31, 2023, totaled 500 million, with no overdue loans reported[39] Cash Flow and Investments - The company’s cash flow from operating activities was 2,933.80 million, a slight decrease of 1.66% year-on-year[75] - The company generated investment income of 311,501,884.52 in 2023, up from 235,234,912.61 in 2022[49] - Investment income increased by 32.42% to 311.50 million, primarily due to increased net profits from joint ventures[70] Dividends and Shareholder Information - The company proposed a final dividend of RMB 0.83 per share (tax included) for the year[3] - The profit distribution plan for the fiscal year 2023 proposes a cash dividend of RMB 0.83 per 10 shares, totaling RMB 463,755,196.00 to be distributed to all shareholders[88] - The company will withhold a 10% corporate income tax on dividends distributed to non-resident shareholders as per Chinese tax regulations[88] - The company plans to publish further details regarding the profit distribution plan at an appropriate time[89] Operational Highlights - The total throughput of goods reached 391.95 million tons in 2023, up from 383.83 million tons in 2022, marking a growth of 2.12%[58] - The throughput of coal decreased to 216.88 million tons, down 2.95% from 223.48 million tons in 2022, primarily due to increased competition from imported coal[62] - The throughput of metal ores increased to 132.18 million tons, a rise of 12.78% from 117.20 million tons in 2022, driven by strong demand for steel exports[63] - The company completed oil and liquid chemical throughput of 1.99 million tons, an increase of 43.17% from 1.39 million tons in 2022, attributed to strong market demand for refined oil products[64] - Container throughput was 1,095,365 TEU, equivalent to 14.33 million tons, a decrease of 11.60% from 16.21 million tons in 2022, due to slower-than-expected recovery in the export market[65] Research and Development - Research and development expenses for the year were RMB 154.05 million, compared to RMB 143.99 million in 2022, indicating an increase in investment in innovation[12] Corporate Governance - The company has complied with the corporate governance code and has made efforts to enhance its internal control system during the reporting period[86] - The company is committed to continuously reviewing and improving its corporate governance system to ensure compliance with the Hong Kong Stock Exchange listing rules[86] - Ernst & Young Hua Ming has been appointed as the domestic auditor for the company, responsible for auditing the annual financial statements[90] Future Plans - The company plans to continue its market expansion and product development strategies, focusing on enhancing operational efficiency and addressing impairment risks in the oil segment[35] - The company plans to enhance coal business operations by improving logistics efficiency and optimizing cargo structure in 2024[81] - In the metal ore business, the company aims to deepen customer engagement and enhance port capacity in 2024[82]

Financial Performance - The company reported a net profit of 9,537,608.24 RMB for the current period, a decrease from 38,783,972.38 RMB year-to-date[6]. - Net profit for the first three quarters of 2023 was RMB 1,339,136,348.04, up from RMB 1,144,988,394.62 in 2022, indicating an increase of approximately 17.00%[30]. - The net profit for the first three quarters of 2023 reached CNY 991.07 million, representing an increase of 4.16% from CNY 951.69 million in the previous year[56]. - The net profit attributable to shareholders for Q3 2023 was CNY 379,811,871.72, down 6.89% year-on-year[64]. - The company's total comprehensive income for the first three quarters of 2023 was CNY 1.07 billion, compared to CNY 1.18 billion in the same period of 2022, showing a decrease of 9.38%[57]. Revenue and Costs - Total operating revenue for the first three quarters of 2023 reached RMB 5,362,149,555.60, a slight increase from RMB 5,286,229,518.68 in the same period of 2022, representing a growth of approximately 1.44%[13]. - The company's operating revenue for the first three quarters of 2023 was approximately CNY 3.14 billion, a decrease of 4.87% compared to CNY 3.30 billion in the same period of 2022[56]. - Total operating costs decreased to RMB 4,027,193,710.23 in 2023 from RMB 4,044,765,231.70 in 2022, reflecting a reduction of about 0.43%[13]. Assets and Liabilities - The total assets amounted to 28,129,424,852.41 RMB, compared to 27,940,699,083.26 RMB in the previous period[12]. - The total liabilities decreased from 3,098,276,182.56 RMB to 2,963,784,771.41 RMB, indicating improved financial stability[12]. - The total assets at the end of Q3 2023 amounted to CNY 28,129,424,852.41, reflecting a slight increase of 0.68% from the end of the previous year[65]. - The total liabilities decreased to CNY 2.10 billion in 2023 from CNY 2.14 billion in 2022, reflecting a reduction of approximately 1.33%[54]. - The total equity increased to CNY 17.76 billion in 2023, up from CNY 17.09 billion in 2022, marking a growth of about 3.91%[54]. Cash Flow - Cash flow from operating activities for the first three quarters of 2023 was RMB 2,373,181,906.59, compared to RMB 2,241,344,708.24 in 2022, showing an increase of about 5.88%[31]. - The cash inflow from operating activities was CNY 3.43 billion for the first three quarters of 2023, slightly down from CNY 3.44 billion in the same period of 2022[57]. - The company reported a total cash inflow from operating activities of RMB 5,730,044,801.63, slightly higher than RMB 5,691,496,494.68 in the same period last year, reflecting a growth of about 0.68%[31]. - The net cash flow from investment activities was CNY 216,816,556.57, an increase from CNY 170,360,339.60 year-over-year[33]. - The net cash flow from operating activities for the year-to-date period reached CNY 2,373,181,906.59, an increase of 5.88% compared to the previous year[65]. Investments and Expenses - Research and development expenses decreased to RMB 69,297,815.72 in 2023 from RMB 90,735,435.54 in 2022, a reduction of about 23.59%[29]. - Research and development expenses for the first three quarters of 2023 were CNY 53.27 million, down 35.66% from CNY 82.83 million in the same period of 2022[56]. - The company has made significant investments in fixed assets totaling CNY 3,140,639,846.28, down from CNY 3,253,905,786.53[35]. - The company reported a significant increase of 4,173.12% in asset disposal gains from land equity investments by a subsidiary[8]. Shareholder Information - The company has seen a notable increase in minority shareholder profits, up by 84.07% compared to the same period last year[8]. - Basic earnings per share for the first three quarters of 2023 improved to RMB 0.23 from RMB 0.20 in the previous year, marking a growth of 15.00%[15]. - The basic earnings per share for Q3 2023 was CNY 0.07, unchanged from the previous quarter[65]. - The equity attributable to shareholders increased to CNY 18,304,770,421.35, representing a growth of 5.68% year-on-year[65]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies[5]. - The company plans to continue focusing on market expansion and new product development to drive future growth[32]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[34].

Financial Performance - Operating revenue for Q3 2023 was CNY 1,777,953,215.29, a decrease of 6.42% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 379,811,871.72, down 6.89% year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 370,274,263.48, a decrease of 6.73% compared to the previous year[2] - Total operating revenue for the first three quarters of 2023 reached CNY 5,362,149,555.60, a slight increase of 1.44% compared to CNY 5,286,229,518.68 in the same period of 2022[14] - Net profit for the first three quarters of 2023 was CNY 1,339,136,348.04, representing a year-on-year increase of 17.00% from CNY 1,144,988,394.62 in 2022[16] - Operating profit for the first three quarters of 2023 was CNY 1,630,002,271.75, up 11.43% from CNY 1,463,091,074.97 in the same period of 2022[16] - Total profit for the first three quarters of 2023 was CNY 1,245,232,158.11, compared to CNY 1,221,992,639.88 in the same period of 2022, reflecting a slight increase[28] Assets and Liabilities - Total assets as of the end of the reporting period were CNY 28,129,424,852.41, an increase of 0.68% from the end of the previous year[2] - Total current assets as of September 30, 2023, amounted to approximately ¥4.50 billion, an increase from ¥3.92 billion at the end of 2022, representing a 14.8% growth[22] - The total non-current assets reached RMB 22,088,984,199.11, compared to RMB 22,665,420,845.10 at the end of 2022, indicating a slight decrease in long-term asset value[10] - Total liabilities decreased to RMB 8,869,566,973.90 from RMB 9,715,622,758.59, showing a reduction in the company's overall debt levels[12] - Total liabilities as of September 30, 2023, were approximately ¥2.10 billion, slightly down from ¥2.14 billion at the end of 2022, showing a decrease of 1.3%[25] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 18,304,770,421.35, up 5.68% year-on-year[2] - The number of ordinary shareholders at the end of the reporting period was 66,041[5] - The top shareholder, Hebei Port Group Co., Ltd., holds 3,144,268,078 shares, representing a significant portion of the total shares[5] - The company's total equity increased to RMB 19,259,857,878.51 as of September 30, 2023, up from RMB 18,225,076,324.67 at the end of 2022, indicating improved shareholder value[13] - The total equity of the company as of September 30, 2023, was approximately ¥17.76 billion, an increase from ¥17.09 billion at the end of 2022, reflecting a growth of 3.9%[26] Cash Flow - The company reported a net cash flow from operating activities of CNY 2,373,181,906.59 for the year-to-date period, reflecting a 5.88% increase[2] - Cash flow from operating activities for the first three quarters of 2023 was CNY 2,373,181,906.59, an increase from CNY 2,241,344,708.24 in 2022, reflecting a growth of 5.87%[19] - The net cash inflow from operating activities in the first three quarters of 2023 was CNY 5,730,044,801.63, compared to CNY 5,691,496,494.68 in 2022, showing a slight increase of 0.68%[18] - Cash inflow from investment activities for the first three quarters of 2023 was approximately ¥1.81 billion, up from ¥1.09 billion in the same period of 2022, representing a 65.5% increase[20] - Cash outflow from financing activities totaled approximately ¥1.45 billion in 2023, slightly higher than ¥1.41 billion in 2022, resulting in a net cash flow from financing activities of -¥1.43 billion[21] Operational Efficiency and Strategy - The company is focusing on expanding its market presence and enhancing operational efficiency through strategic initiatives[8] - New product development and technological advancements are being prioritized to drive future growth and competitiveness[8] - The company plans to explore potential mergers and acquisitions to further strengthen its market position and expand its service offerings[8] Research and Development - Research and development expenses decreased to CNY 69,297,815.72 in 2023 from CNY 90,735,435.54 in 2022, a reduction of 23.59%[14] - Research and development expenses decreased to CNY 53,273,884.12, down 35.73% from CNY 82,828,312.59 in the previous year[27] Comprehensive Income - Total comprehensive income attributable to the parent company's owners for the first three quarters of 2023 was CNY 1,421,012,396.38, up from CNY 1,361,208,885.46 in 2022, marking a growth of 4.40%[17] - Other comprehensive income after tax for the first three quarters of 2023 was CNY 75,974,850.83, a significant decrease from CNY 225,530,307.44 in the previous year[28]

Financial Performance - Qinhuangdao Port Co., Ltd. reported a significant increase in throughput volume, reaching 50 million tons in the first half of 2023, representing a 15% year-over-year growth[10]. - The company achieved a revenue of RMB 1.2 billion in the first half of 2023, up 10% compared to the same period in 2022[10]. - Operating profit for the first half of 2023 was RMB 300 million, reflecting a 20% increase from the previous year[10]. - Future guidance indicates an expected revenue growth of 12% for the full year 2023, driven by increased shipping demand[10]. - The company's operating revenue for the first half of the year (January to June) reached ¥3,584,196,340.31, representing a 5.85% increase compared to the same period last year[15]. - Net profit attributable to shareholders of the listed company was ¥912,728,144.53, marking a 28.24% increase year-on-year[15]. - The net profit after deducting non-recurring gains and losses was ¥883,481,780.39, which is a 29.09% increase compared to the previous year[15]. - The total comprehensive income for the first half of 2023 was approximately RMB 912.73 million, compared to RMB 711.74 million in the same period of 2022, representing an increase of about 28.2%[146]. - The company's gross profit margin for the first half of 2023 was approximately 40.0%, compared to 38.4% in the same period of 2022[138]. - The company reported a significant increase in investment income, which rose to CNY 172.11 million in the first half of 2023, compared to CNY 85.68 million in the same period of 2022, reflecting a growth of 100.0%[138]. Operational Highlights - The company plans to expand its market presence by investing in new terminal facilities, aiming for a 25% increase in capacity by the end of 2024[10]. - The company is focusing on technological advancements, with a budget of RMB 50 million allocated for R&D in automation and digitalization[10]. - The company provides integrated port services including loading, storage, warehousing, transportation, and logistics, primarily handling coal, metal ores, oil products, and containers[21]. - The company operates major ports including Qinhuangdao, Tangshan, and Cangzhou, with Qinhuangdao being a key coal export port, supporting national energy transport security[23]. - The company focuses on large clients in coal, power, and steel industries, improving customer satisfaction through optimized service processes[27]. - The company is advancing the construction of smart, green, and safe ports, with initiatives to enhance technology and environmental management[28]. Financial Integrity and Governance - The company has no non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[10]. - The board of directors has confirmed the accuracy and completeness of the financial report, with all members present during the meeting[10]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of the year[75]. - Several key management personnel changes occurred, including the resignation of the chairman and CEO, with new appointments made for the board and executive roles[72][74]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[95]. - The company has not received any non-standard audit opinions related to the previous annual report[95]. Risk Factors - Risk factors highlighted include potential regulatory changes and fluctuations in global trade volumes, which may impact future performance[10]. - The company faces risks from increased imports of coal affecting the domestic market and intense competition among ports in Hebei province[57]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit in Qinhuangdao City for 2023, adhering to pollution discharge management regulations with no production wastewater discharged and air pollutants meeting standards[80]. - The company has implemented effective pollution prevention measures, maintaining good operational status of pollution control facilities throughout the first half of 2023[80]. - The company has been actively promoting ecological and environmental education, engaging over 2,300 participants in environmental knowledge activities and utilizing various media to disseminate 19 articles on environmental protection[82]. - The company has established a leadership group for energy conservation and emission reduction since 2008, focusing on enhancing "green port" construction and implementing energy-saving projects in the first half of 2023[83]. Shareholder and Capital Management - The company signed a lease framework agreement with Hebei Port Group, with an annual rental cap of RMB 133.75 million, effective from January 1, 2022, to December 31, 2024[100]. - The company and Hebei Port Group signed a comprehensive service agreement, with service fee caps adjusted to RMB 166 million, RMB 200 million, and RMB 200 million for the years 2022, 2023, and 2024 respectively[103]. - The company has not experienced any changes in its total share capital structure during the reporting period[118]. - The total number of ordinary shareholders as of the end of the reporting period is 71,378[119]. - The largest shareholder, Hebei Port Group Co., Ltd., holds 3,144,268,078 shares, representing 56.27% of the total shares[119]. Research and Development - The company’s R&D expenses surged by 163.86% to RMB 43.06 million, reflecting a significant investment in new technologies[42]. - Research and development expenses increased significantly to RMB 34,727,878.05, up from RMB 13,586,481.81 in the previous year, indicating a focus on innovation[154]. Cash Flow and Liquidity - The net cash flow from operating activities amounted to ¥1,581,816,967.64, reflecting a 7.03% increase from the same period last year[15]. - The company's cash and cash equivalents at the end of the period were RMB 5,682.31 million, accounting for 20.08% of total assets, up 17.22% from the previous year[46]. - The net cash flow from financing activities was RMB -718.10 million, a decrease of 70.29% year-on-year, primarily due to reduced new borrowings and increased loan repayments[43]. - The company’s cash inflow from operating activities for the first half of 2023 was RMB 3.76 billion, up from RMB 3.64 billion in the first half of 2022, indicating a growth of approximately 3.8%[146]. Compliance and Commitments - Qinhuangdao Port Co., Ltd. will strictly fulfill all public commitments made regarding this issuance and actively accept social supervision[91]. - If commitments are not fulfilled due to uncontrollable factors, Qinhuangdao Port Co., Ltd. will disclose the specific reasons in a timely manner and propose supplementary or alternative commitments to protect investors' rights[92]. - The company will take measures such as withholding 20% of the total salary from the previous year if specific shareholding plans are not proposed or implemented as disclosed[93].

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 3,584,196,340.31, representing a 5.85% increase compared to CNY 3,386,210,260.68 in the same period last year[57]. - The net profit attributable to shareholders of the listed company reached CNY 912,728,144.53, a 28.24% increase from CNY 711,741,136.52 year-on-year[57]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 883,481,780.39, up 29.09% from CNY 684,371,076.59 in the previous year[57]. - The net cash flow from operating activities was CNY 1,581,816,967.64, reflecting a 7.03% increase compared to CNY 1,477,858,001.54 in the same period last year[57]. - The total assets at the end of the reporting period were CNY 28,299,207,762.45, which is a 1.28% increase from CNY 27,940,699,083.26 at the end of the previous year[57]. - The net assets attributable to shareholders of the listed company were CNY 17,900,201,338.91, marking a 3.34% increase from CNY 17,321,605,086.27 at the end of the previous year[57]. - Basic earnings per share for the first half of 2023 increased to RMB 0.16, up 23.08% from RMB 0.13 in the same period last year[81]. - Diluted earnings per share also rose to RMB 0.16, reflecting a 23.08% increase compared to RMB 0.13 in the previous year[81]. - The weighted average return on net assets improved to 5.13%, an increase of 0.82 percentage points from 4.31% in the same period last year[81]. - The company's gross profit for the current period is RMB 143,008.31 million, representing a year-on-year increase of 10.54%, with a gross profit margin of 39.90%, up by 1.69 percentage points[130]. - The net profit for the current period is RMB 95,114.19 million, a year-on-year growth of 33.41%, with a net profit margin of 25.47%, an increase of 4.45 percentage points[131]. Cash and Cash Equivalents - The company reported a net increase in cash and cash equivalents of RMB 251,561,633.10 for the first half of 2023, compared to RMB 253,705,538.35 in the same period last year[34]. - As of June 30, 2023, the ending balance of cash and cash equivalents was RMB 2,774,818,941.71, up from RMB 2,251,030,802.31 at the end of the previous year[34]. - The company reported a significant increase in accounts receivable financing, which rose by 97.82% to RMB 70.95 million from RMB 35.87 million[99]. - The company's cash and cash equivalents increased by 17.22% to RMB 5.68 billion, compared to RMB 4.85 billion at the end of the previous year[99]. Special Reserves and Taxation - The company reported a total of RMB 5,587,412,000.00 in special reserves at the end of the reporting period, with RMB 35,443,701.45 added during the period[16]. - The company utilized RMB 29,863,343.99 from special reserves during the reporting period[16]. - The company confirmed a deferred tax asset based on the likelihood of future taxable income to offset deductible temporary differences and tax losses[2]. - The company's tax expenses decreased from RMB 22,407.39 million in the same period last year to RMB 20,236.89 million, resulting in an effective tax rate reduction from 23.91% to 17.54%[130]. Operational Highlights - The company achieved a cargo throughput of 42.53 million tons at Huanghua Port, an increase of 5.33 million tons (14.33%) compared to the same period in 2022, driven by active steel production in the port's hinterland and significant growth in iron ore demand[67]. - The total cargo throughput for the company reached 196.48 million tons, a year-on-year increase of 7.82 million tons (4.15%), with coal accounting for 111.39 million tons (56.69%) and metal ores at 64.55 million tons (32.85%)[68]. - The company completed a container throughput of 570,102 TEU, equivalent to 6.78 million tons, a decrease of 250,032 TEU (30.49%) compared to the same period in 2022, primarily due to intensified competition in the container business in the Bohai Rim ports[70]. - The company is a leading public terminal operator for bulk dry cargo, implementing a cross-port operation strategy across Qinhuangdao, Tangshan, and Cangzhou, with a focus on expanding key projects in the Caofeidian and Cangzhou regions[66]. - The company has initiated the construction of a 300,000-ton crude oil terminal project at Cangzhou Huanghua Port, receiving necessary approvals from the Hebei Provincial Development and Reform Commission and the Ministry of Transport[66]. Marketing and Customer Engagement - The company has established a comprehensive marketing system to enhance service levels and develop new customer resources, particularly in the coal business[62]. - The company plans to optimize existing business models based on market conditions and actively engage with customers to provide tailored services[62]. - The company is focused on large, high-quality customers and is actively improving marketing efforts and service quality[66]. - The company is focused on maintaining existing customer relationships while actively seeking new cargo sources through market research and analysis[149]. Environmental and Social Responsibility - The company is committed to enhancing its environmental management practices, having not discharged any production wastewater in the first half of 2023, with air pollutants meeting discharge permit requirements[164]. - The company is advancing its energy-saving technology projects and transitioning fuel-powered equipment to electric alternatives to reduce carbon emissions[168]. - The company has implemented an environmental monitoring plan, with all pollutants meeting discharge standards[183]. - The company organized environmental awareness activities, engaging over 2,300 participants and utilizing various media for promotion[184]. - The company has established a leadership group for energy conservation and emission reduction since 2008, focusing on green port construction[184]. Strategic Commitments and Governance - 河北港口集团 made an irrevocable commitment to avoid competition with Qin Port Co., ensuring that neither it nor its subsidiaries will engage in any competing business activities within or outside China[189]. - The commitment from 河北港口集团 includes a provision to notify Qin Port Co. of any new business opportunities that may pose a competitive risk, allowing Qin Port Co. the first right of refusal[189]. - If 河北港口集团 or its subsidiaries engage in competitive activities, Qin Port Co. has the right to acquire any equity or assets related to those activities[189]. - 河北港口集团 will compensate Qin Port Co. for any actual losses incurred due to violations of this commitment[189]. - The company has committed to strict adherence to public commitments made during the issuance process, actively accepting social supervision[192]. - The company will take measures to disclose reasons for any failure to fulfill commitments and propose supplementary or alternative commitments to protect investor rights[192]. - The company will impose penalties on responsible parties for any failure to fulfill commitments, including salary reductions or job demotions[192]. Future Outlook - The company expects improved coal demand in the second half of 2023, driven by high consumption levels in power plants and upcoming winter storage needs[126]. - The company anticipates a boost in demand for coal and other bulk commodities due to the domestic economic recovery and seasonal peaks in summer and winter storage transportation[147]. - The company plans to leverage its railway shipping advantages to secure additional cargo sources from remote areas such as Inner Mongolia and Ningxia[148].

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]

一、董事会会议召开情况 秦皇岛港股份有限公司（以下简称"公司"或"本公司"）第五届董事会第十四 次会议于 2023 年 8 月 15 日以专人送达或电子邮件方式发出通知，于 2023 年 8 月 29 日在公司会议室以现场与通讯相结合的方式召开。会议应出席董事 9 人，亲自出席董 事 9 人。会议召开时间、地点、方式等符合《中华人民共和国公司法》等相关法律、 行政法规、部门规章和《秦皇岛港股份有限公司章程》的规定。本次会议由公司董事 长张小强先生主持。 二、董事会会议审议情况 证券代码：601326 证券简称：秦港股份 公告编号：2023-039 秦皇岛港股份有限公司 第五届董事会第十四次会议决议公告 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个别及连带责任。 会议审议并形成以下决议： （一）审议通过《关于本公司 2023 年半年度报告的议案》 表决结果：9 票同意，0 票反对，0 票弃权。 详见本公司同日披露的《秦皇岛港股份有限公司 2023 年半年度报告》及其摘要。 （二）审议通过《关于本公司 2023 年中期业绩公告的议案》 ...

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]