Financial Performance - The net profit attributable to shareholders for the year 2024 is RMB 1,564,897,805.73, with a proposed cash dividend of RMB 0.85 per 10 shares, totaling RMB 474,930,020.00[4] - Operating revenue for 2024 was CNY 6,865,375,581.39, a decrease of 2.69% compared to CNY 7,054,883,834.36 in 2023[23] - Net profit attributable to shareholders for 2024 reached CNY 1,564,897,805.73, reflecting a growth of 2.20% from CNY 1,531,202,403.96 in 2023[23] - Basic earnings per share for 2024 was CNY 0.28, an increase of 3.70% compared to CNY 0.27 in 2023[24] - The total profit for 2024 was 190,025.69 million RMB, an increase of 0.91% year-on-year[72] - The company's gross profit for the year was CNY 261,531.74 million, a decrease of 0.98% year-on-year, with a gross profit margin of 38.09%, an increase of 0.65 percentage points[123] - The net profit for the year was CNY 157,459.02 million, a year-on-year increase of 0.65%, with a net profit margin of 22.94%, up by 0.76 percentage points[129] Cash Flow and Assets - The net cash flow from operating activities for 2024 was CNY 2,415,146,972.94, showing a slight increase of 0.89% from CNY 2,393,799,107.25 in 2023[23] - Cash and cash equivalents increased to CNY 4,280,764,000 in 2024 from CNY 2,838,023,000 in 2023[27] - The company's asset-liability ratio improved to 27.29% in 2024 from 30.88% in 2023[27] - The total assets at the end of 2024 were CNY 27,880,013,639.48, a decrease of 0.52% from CNY 28,026,106,959.77 at the end of 2023[23] Operational Highlights - The company achieved a total throughput of 414 million tons in 2024, with coal throughput at 209 million tons and metal ore throughput at 157 million tons, reflecting a year-on-year increase of 5.63%[43] - The coal throughput was 208.83 million tons, a decrease of 8.05 million tons or 3.71% from 216.88 million tons in 2023, primarily due to weak domestic demand and increased imports[51] - The metal ore throughput increased to 156.62 million tons, up by 24.44 million tons or 18.49% from 132.18 million tons in 2023, driven by enhanced global economic activity[52] - The container throughput reached 1,256,490 TEU, equivalent to 16.13 million tons, representing an increase of 161,125 TEU or 14.71% compared to 1,095,365 TEU in 2023[54] Governance and Compliance - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[6] - The company has a strong governance structure with all board members present at the meeting[6] - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[7] - The company has established a comprehensive governance structure with six specialized committees under the board of directors to ensure effective decision-making[137] - The company has committed to maintaining the independence of its operations and protecting the rights of minority shareholders amid the integration of port resources[140] - The company has ensured compliance with relevant laws and regulations to avoid conflicts of interest and protect shareholder rights[141] Strategic Initiatives - The company focused on enhancing its core business and improving operational efficiency, particularly in coal and metal ore logistics services[44] - The company plans to focus on developing new cargo sources and fostering new business formats to enhance growth potential[46] - The company aims to accelerate the construction of a world-class dry bulk port, contributing to the development of maritime capabilities[46] - The company is committed to promoting smart, green, efficient, and safe port construction as part of its strategic planning[46] Research and Development - The total R&D expenditure accounts for 2.53% of the operating revenue, indicating a commitment to innovation[91] - The company has 887 R&D personnel, accounting for 10.23% of the total workforce[93] - In 2024, the company plans to implement 262 R&D projects, including significant initiatives for "smart port" construction[95] - Research and development investments increased by 18%, focusing on innovative technologies in supply chain management[152] Management and Human Resources - The total compensation for executives amounted to 1,079.93 million CNY, with a breakdown of 242.89 million CNY in basic salary and 326.83 million CNY in performance-related pay[146] - The average compensation for the board members and executives reflects a strategic focus on attracting and retaining top talent, with the highest individual compensation reaching 160.28 million CNY[146] - The company employed a total of 8,674 staff, with 7,142 in the parent company and 1,532 in major subsidiaries[194] - The company conducted training for 130,203 participants in 2024, achieving a 100% training coverage rate[196] Market and Economic Context - The macroeconomic environment in 2024 showed a GDP growth of 5.0%, with the total economic output reaching 134.9 trillion RMB, positioning China as a key driver of global economic growth[42] - The company anticipates stable business volume in the metal ore sector for 2025, supported by the ongoing development of the steel industry[117] - The company plans to optimize its service and explore new growth points in the general cargo business, benefiting from the expected increase in international trade volume[118] Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[150] - The company has outlined a future outlook with a revenue target of 1.5 billion yuan for the next fiscal year, reflecting a 25% growth expectation[157] - Overall, the company remains optimistic about future growth, citing strong demand in key markets[150]

Investment Rating - The report maintains a "Recommendation" rating for the insurance industry, suggesting that the industry index is expected to rise more than 5% over the next 3-6 months compared to the benchmark index [22]. Core Insights - The insurance index fell by 4.77% this week, underperforming the broader market by 1.89 percentage points. Major insurance stocks also experienced declines, with notable drops from companies like AIA (-15.93%) and Taiping (-16.17%) [1]. - The insurance sector is seeing significant growth in the electric vehicle (EV) insurance market, with 31.05 million EVs insured in 2024, generating premium income of 140.9 billion yuan. This represents 15.4% of the total auto insurance premiums [4]. - The report highlights that the profitability of the auto insurance segment is crucial for the overall profitability of property insurance companies, with EV insurance becoming a competitive focus as penetration rates increase [5]. Summary by Sections Market Performance - The insurance index decreased by 4.77% this week, with major companies like Ping An and China Life also showing declines [1]. - The 10-year government bond yield is at 1.66%, down 6 basis points from the previous week [1]. Regulatory Developments - The China Banking and Insurance Regulatory Commission announced adjustments to the regulatory ratios for equity assets, increasing the upper limit for equity asset allocation and relaxing requirements for tax-deferred pension ratios [2]. - By the end of 2024, the first batch of pilot commercial pension accounts reached approximately 1.955 million, a nearly 230% increase from the end of 2023 [2]. Electric Vehicle Insurance Insights - The average premium for EV insurance in 2024 is approximately 4,538 yuan, which is a concern for potential customers due to high costs. Despite this, the segment is experiencing underwriting losses primarily due to high claims and repair costs [4]. - The report suggests that collaboration between insurers and automakers to enhance data models could improve pricing accuracy for EV insurance [4]. Investment Recommendations - The report notes that the recent market downturn due to tariff conflicts has led to a valuation correction in the insurance sector, presenting potential long-term investment opportunities [5]. - Current price-to-earnings (PE) and price-to-book (PB) ratios for major insurers are provided, with Ping An at a PE of 6.53 and a PB of 0.91, indicating a strong buy recommendation [10].

Financial Performance - The net profit attributable to shareholders for the year 2024 is RMB 1,564,897,805.73[6] - The company's operating revenue for 2024 was CNY 6,865,375,581.39, a decrease of 2.69% compared to 2023[23] - Net profit attributable to shareholders for 2024 reached CNY 1,564,897,805.73, reflecting a growth of 2.20% year-over-year[23] - The basic earnings per share for 2024 increased to CNY 0.28, up 3.70% from CNY 0.27 in 2023[24] - The weighted average return on equity for 2024 was 8.29%, a decrease of 0.28 percentage points from 2023[24] - The net cash flow from operating activities for 2024 was CNY 2,415,146,972.94, showing a slight increase of 0.89% compared to the previous year[23] - Total assets at the end of 2024 were CNY 27,880,013,639.4, a decrease of 0.52% from the end of 2023[23] - The company's net assets attributable to shareholders increased by 4.92% to CNY 19,329,265,694.2 at the end of 2024[23] - The cash and cash equivalents at the end of 2024 amounted to CNY 4,280,764,000, significantly up from CNY 2,838,023,000 in 2023[26] - The company reported a net increase in cash and cash equivalents of CNY 58,058,000 for 2024[26] Dividend Distribution - The proposed cash dividend distribution is RMB 0.85 per 10 shares, totaling RMB 474,930,020.00[6] - The company has a cash dividend policy that mandates a minimum distribution of 30% of the annual net profit attributable to shareholders, provided there are no adverse impacts on operations[161] - Over the last three fiscal years, the cumulative cash dividend amount (including tax) reached RMB 1,335,391,468.00, with an average cash dividend payout ratio of 90.96%[170] - The cash dividend distribution will be completed by August 29, 2025, pending approval at the annual general meeting[166] - The company has not proposed any cash profit distribution plan despite being profitable, as the retained earnings are allocated for future investments[169] Risk Management - The report includes a risk statement regarding forward-looking statements and potential investment risks[7] - The company has described potential risks in the management discussion and analysis section of the report[9] - The company faced risks including the impact of clean energy expansion and increased competition in the coal market due to high import levels[98] - The company conducted a comprehensive risk management report for 2023, which was unanimously approved during the Risk Committee meeting[149] Governance and Compliance - The company has established a comprehensive governance structure with specialized committees to ensure efficient decision-making and compliance with regulations[116] - The company guarantees strict adherence to laws and regulations to protect the rights of minority shareholders and avoid conflicts of interest with its controlling shareholder[117] - The company reported no significant violations of laws or regulations by its management or board during the reporting period, ensuring compliance with governance standards[116] - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with regulations[190] - The company has maintained a standard unqualified opinion in its internal control audit report for the year[176] Operational Highlights - The company achieved a total cargo throughput of 414.00 million tons in 2024, an increase of 22.05 million tons or 5.63% compared to 2023[43] - Coal throughput reached 209 million tons, while metal ore throughput was 157 million tons, and container throughput was 1.26 million TEU[39] - The throughput at Qinhuangdao Port decreased by 1.86 million tons, a decline of 1.01%, primarily due to the impact of imported coal and production cuts[44] - The company’s market share in coal transportation in the Bohai Rim region increased, solidifying its position as a key hub[40] - The company is focusing on the construction of new projects such as grain corridors and bulk grain silos, which are expected to be completed and operational soon[41] Research and Development - The company’s research and development expenses increased by 12.74% to 173,671.63 million RMB, indicating a focus on innovation[64] - The total R&D expenditure for the period was 173,671,628.28 yuan, which is 2.53% of the operating revenue[72] - The company organized 151 innovation activities with 1,036 participants during the reporting period[73] - The company plans to implement 262 R&D projects in 2024, including significant projects for "smart port" construction[74] Leadership and Management Changes - The company appointed new executives in February and April 2023, including the executive director and party secretary[125] - The company has seen a series of leadership changes in its executive team throughout 2024[129] - The company continues to focus on strategic appointments to strengthen its management team[129] - The company appointed Sun Jinggang as Vice President in February 2024[129] - In April 2024, Hu Chaohui resigned from the position of Vice President due to work changes[129] Employee Engagement and Training - The company plans to implement an incentive program for exceeding throughput targets in 2024, aiming to enhance employee motivation and performance[152] - A total of 130,203 training sessions are planned for 2024, achieving a 100% employee training coverage rate[153] - The company established a performance evaluation system linking employee compensation to economic performance, promoting a merit-based pay structure[152] Financial Guidance and Future Outlook - Financial guidance for the upcoming quarters suggests a positive growth trajectory with specific revenue targets[125] - The management emphasized the importance of strategic initiatives to improve operational efficiency and profitability[125] - The company anticipates growth in its general cargo business driven by the gradual recovery of the global economy and increased international trade volume[95]

Financial Performance - The company's operating revenue for the year was RMB 6,865,375,581.39, a decrease of 2.69% year-on-year[3][9] - The net profit for the year was RMB 1,574,590,220.36, an increase of 0.65% year-on-year[4][9] - The net profit attributable to the parent company's shareholders was RMB 1,564,897,805.73, an increase of 2.20% year-on-year[5][9] - The company reported a total comprehensive income of RMB 1,452,859,419.80, down from RMB 1,579,895,205.46 in the previous year[10] - The gross profit for the year was 261,531.74 million yuan, with a gross profit margin of 38.09%, an increase of 0.65 percentage points year-on-year[85] - The company's net profit for the year was CNY 1,574.59 million, a year-on-year increase of 0.65%, with a net profit margin of 22.94%, up 0.76 percentage points[104] Assets and Liabilities - The total current assets increased to RMB 4,975,430,791.18 from RMB 3,517,035,038.25, reflecting a significant growth[7] - The total liabilities decreased to RMB 7,608,797,848.52 from RMB 8,653,998,785.00, indicating improved financial stability[8] - The total assets as of December 31, 2024, were RMB 27,880,013,639.48, slightly down from RMB 28,026,106,959.77[7][8] - The asset-liability ratio as of December 31, 2024, was 27.29%, calculated as total liabilities divided by total assets[114] Cash Flow and Investments - As of December 31, 2024, the total cash and cash equivalents amounted to RMB 4,280,764,065.06, an increase from RMB 2,838,023,456.57 in the previous year, representing a growth of approximately 50.7%[18] - The company’s cash deposits with Hebei Port Group Financial Co., Ltd. increased to RMB 3,660,253,006.23 from RMB 2,075,790,264.80, marking a rise of approximately 76.5%[18] - The company’s total investment income for 2024 was RMB 421,204,791.03, an increase of 35.3% from RMB 311,501,884.52 in 2023[72] Revenue and Costs - The operating cost for 2024 was RMB 4,250,058,180.95, compared to RMB 4,413,559,410.53 in 2023, reflecting a decrease of 3.69%[66] - The company's total operating cost for the year was 425,005.82 million yuan, a decrease of 3.70% year-on-year, mainly due to cost reduction measures implemented[84] Dividends and Profit Distribution - The company proposed a final dividend of RMB 0.85 per share, including tax[6] - The profit distribution plan for the year 2024 proposes a cash dividend of RMB 0.85 per 10 shares, totaling RMB 474,930,020.00 to be distributed to all shareholders[125] - The dividend payment is expected to be completed by August 29, 2025, pending approval at the 2024 annual general meeting[126] Research and Development - Research and development expenses for the year were RMB 173,671,628.28, up from RMB 154,045,515.83 in the previous year, indicating a focus on innovation[9] Credit and Receivables Management - The accounts receivable totalled RMB 99,616,254.39 as of December 31, 2024, up from RMB 75,573,726.30 a year earlier, indicating an increase of about 31.7%[22] - The company’s overdue accounts receivable remained low, with only RMB 893,306.48 classified as over three years old, indicating effective credit management[22] - The provision for bad debts for accounts aged over three years is 100%, amounting to RMB 893,306.48, indicating a conservative approach to long-term receivables[30] - The total bad debt provision ratio for the year is approximately 5.99% of the total accounts receivable[30] Operational Highlights - The total cargo throughput for the reporting period was 414.00 million tons, an increase of 22.05 million tons or 5.63% compared to the same period in 2023[86] - Coal throughput was 208.83 million tons, a decrease of 8.05 million tons or 3.71% year-on-year, attributed to weak domestic demand and competition from imported coal[90] - Metal ore throughput increased to 156.62 million tons, an increase of 24.44 million tons or 18.49% year-on-year, driven by increased demand from construction and manufacturing sectors[91] Corporate Governance - The company has complied with the Listing Rules and Corporate Governance Code during the reporting period[123] - The independent non-executive directors constitute more than one-third of the board, with one member possessing accounting qualifications and financial management experience[128] - The company has appointed Deloitte Touche Tohmatsu Certified Public Accountants as its domestic auditor for the financial statements[129]

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: 2025年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 秦皇島港股份有限公司 呈交日期: 2025年3月3日 | 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 (如上市) | 03369 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 829,853,000 | | 0 | | 829,853,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 829,853,000 | | 0 | | 829,853,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | - ...

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分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） (1) 變更聯席公司秘書及於香港接受送達法律程序文件及通知書之代理人； 及 (2) 變更香港主要營業地點 (1) 變更聯席公司秘書及於香港接受送達法律程序文件及通知書之代理人 秦皇島港股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，朱瀚樑先生（「朱先生」）因工作變 動辭任本公司之聯席公司秘書，自本公告日期起生效。 朱先生已確認其與董事會概無意見分歧，亦無有關彼辭任的其他事宜須提請香港聯合交易所有 限公司（「聯交所」）或本公司股東垂注。 董事會欣然宣佈委任伍秀薇女士（「伍女士」）擔任本公司的聯席公司秘書，自本公告日期起生效。 伍女士具備聯交所證券上市規則（「上市規則」）第3.28條規定之公司秘書資格。田宏偉先生（「田先 生」）將繼續擔 ...

Financial Performance - Operating revenue for Q3 2024 was CNY 1,608,125,930.85, a decrease of 9.55% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 328,551,080.85, down 13.50% year-on-year[3]. - Basic earnings per share decreased by 14.29% to CNY 0.06[3]. - Total operating revenue for the first three quarters of 2024 was CNY 5,069,720,133.19, a decrease of 5.46% compared to CNY 5,362,149,555.60 in the same period of 2023[16]. - Net profit attributable to shareholders for the first three quarters of 2024 was CNY 1,363,897,799.28, compared to CNY 1,339,136,348.04 in 2023, indicating a growth of 1.84%[17]. - Net profit for the first three quarters of 2024 was CNY 972,104,176.42, down from CNY 991,068,730.68 in 2023, reflecting a decrease of 1.4%[29]. - The total comprehensive income attributable to the parent company for the first three quarters of 2024 was CNY 1,313,162,969.99, down from CNY 1,421,012,396.38 in 2023, a decrease of 7.61%[19]. Assets and Liabilities - Total assets as of the end of the reporting period were CNY 28,001,126,249.27, a slight decrease of 0.09% from the previous year[3]. - The total current assets as of September 30, 2024, amount to 3,069,578,839.29 RMB, a decrease from 3,517,035,038.25 RMB as of December 31, 2023[11]. - The total liabilities as of September 30, 2024, amount to 3,005,955,963.00 RMB, compared to 3,160,693,624.71 RMB as of December 31, 2023, indicating a reduction in liabilities[13]. - The total assets as of September 30, 2024, were CNY 19,899,314,924.90, a slight increase from CNY 19,736,735,635.60 at the end of 2023[25]. - The total liabilities decreased from CNY 8,653,998,785.00 as of December 31, 2023, to CNY 7,797,907,994.04 as of September 30, 2024, a reduction of approximately 9.88%[14]. - The total equity increased from CNY 19,372,108,174.77 as of December 31, 2023, to CNY 20,203,218,255.23 as of September 30, 2024, representing an increase of 4.28%[15]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 2,111,617,991.22, down 11.02%[3]. - Operating cash flow for the first three quarters of 2024 was CNY 2,111,617,991.22, a decrease of 11.0% compared to CNY 2,373,181,906.59 in the same period of 2023[21]. - Total cash inflow from investment activities was CNY 1,454,790,993.91, while cash outflow was CNY 1,746,613,572.24, resulting in a net cash flow of -CNY 291,822,578.33, compared to a positive net cash flow of CNY 216,816,556.57 in 2023[22]. - Cash and cash equivalents at the end of Q3 2024 amounted to $1.21 billion, a decrease of 65.7% from $3.53 billion at the end of Q3 2023[31]. - The net increase in cash and cash equivalents for the first three quarters of 2024 was $414.61 million, a significant decrease from $1.00 billion in 2023, reflecting a 58.7% decline[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 54,420, with the largest shareholder, Hebei Port Group Co., Ltd., holding 3,144,268,078 shares, representing 56.27% of the total shares[8]. - The top ten shareholders hold a combined total of 4,823,000,000 shares, accounting for 88.69% of the total shares[9]. Operational Insights - The company reported a significant increase in accounts receivable by 61.40% due to the growth in operations at its subsidiary[7]. - The company experienced a 46.23% decrease in minority shareholder profit due to reduced profitability at its subsidiary[7]. - The company plans to expand its operations and enhance its service offerings in the coming quarters[3]. - The company has not reported any new product or technology developments in the current reporting period[10]. - There is no indication of market expansion or mergers and acquisitions in the recent financial disclosures[10]. - The company has not provided any future performance guidance or outlook in the current report[10]. - The company plans to continue focusing on market expansion and new product development to drive future growth[28]. Expenses and Costs - Total operating costs for the first three quarters of 2024 were CNY 3,825,602,307.73, down from CNY 4,027,193,710.23 in 2023, reflecting a cost reduction of 5.01%[16]. - Research and development expenses for the first three quarters of 2024 were CNY 70,950,192.97, slightly up from CNY 69,297,815.72 in 2023, showing a growth of 2.52%[16]. - Research and development expenses increased to CNY 57,049,711.80 in 2024 from CNY 53,273,884.12 in 2023, marking an increase of about 7.3%[28]. - The company reported a financial expense reduction from CNY 110,614,321.16 in 2023 to CNY 49,051,446.10 in 2024, a decrease of approximately 55.69%[16]. - The company reported a financial expense of CNY -67,948,341.34 in 2024, compared to CNY -57,789,818.54 in 2023, reflecting an increase in financial costs[28]. Accounting and Standards - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[31]. - The company's leadership includes Chairman Zhang Xiaoqiang and other key executives, ensuring strategic oversight[31].

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,608,125,930.85, a decrease of 9.55% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥328,551,080.85, down 13.50% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥328,078,084.38, a decrease of 11.40% compared to the same period last year[4]. - The basic earnings per share for Q3 2024 was ¥0.06, reflecting a decline of 14.29% year-on-year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 5,069,720,133.19, a decrease of 5.46% compared to CNY 5,362,149,555.60 in the same period of 2023[15]. - Net profit for the first three quarters of 2024 reached CNY 1,363,897,799.28, representing an increase of 1.84% from CNY 1,339,136,348.04 in 2023[18]. - Total comprehensive income for the period attributable to the parent company was CNY 1,289,885,612.20, a decrease from CNY 1,372,163,181.58 in the same period last year, representing a decline of approximately 6.0%[20]. - Basic and diluted earnings per share for the period were both CNY 0.24, compared to CNY 0.23 in the previous year, indicating a growth of about 4.3%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥28,001,126,249.27, a slight decrease of 0.09% from the end of the previous year[4]. - The equity attributable to shareholders at the end of the reporting period was ¥19,250,400,184.82, an increase of 4.49% compared to the end of the previous year[4]. - The company's total assets amounted to CNY 28,001,126,249.27, slightly down from CNY 28,026,106,959.77 at the end of the previous period[14]. - Total liabilities decreased to CNY 7,797,907,994.04 from CNY 8,653,998,785.00, reflecting a reduction of approximately 9.88%[14]. - The total liabilities decreased to CNY 1,602,731,953.71 from CNY 1,870,353,901.04, indicating a reduction of about 14.3%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,111,617,991.22, down 11.02% year-on-year[4]. - Cash inflow from operating activities totaled CNY 5,406,837,211.48, down from CNY 5,730,044,801.63, reflecting a decrease of approximately 5.7%[21]. - Cash outflow from operating activities was CNY 3,295,219,220.26, slightly reduced from CNY 3,356,862,895.04, showing a decrease of about 1.8%[21]. - The ending balance of cash and cash equivalents was CNY 2,416,362,804.99, down from CNY 4,608,629,224.03 at the end of the previous year, a decrease of approximately 47.5%[22]. - The company reported a decrease in cash received from tax refunds to CNY 669,518.53 from CNY 3,111,377.49, a decline of about 78.5%[21]. - The cash and cash equivalents at the end of the third quarter of 2024 amounted to ¥1,208,197,150.04, significantly lower than ¥3,525,712,321.79 at the end of the same period in 2023, indicating a decrease of approximately 65.7%[29]. Investments and Expenses - The company reported a significant increase in construction in progress by 94.77%, primarily due to the expansion of the multi-purpose terminal project[6]. - Research and development expenses for the first three quarters of 2024 were CNY 70,950,192.97, slightly up from CNY 69,297,815.72 in 2023[17]. - The company reported investment income of CNY 292,059,305.93, an increase from CNY 239,002,441.06 in the previous year[17]. - The company's long-term equity investments rose to CNY 3.84 billion, a slight increase from CNY 3.82 billion[12]. - The company reported a significant increase in investment income to CNY 285,623,603.72 from CNY 237,727,453.18, marking an increase of about 20.1%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,420[7]. - The company's equity attributable to shareholders increased to CNY 19,250,400,184.82, up from CNY 18,423,519,428.29, indicating a growth of 4.48%[14]. - The total equity increased to CNY 18,296,582,971.19 from CNY 17,866,381,734.56, indicating a growth of about 2.4%[24]. Operational Updates - The company has not disclosed any significant new product developments or technological advancements in this report[11]. - There are no updates on market expansion or mergers and acquisitions mentioned in the report[11]. - The report does not indicate any changes in the company's strategic direction or guidance for future performance[11].

(於中華人民共和國註冊成立的股份有限公司 ) 股份代號 : 3369 大學文文學文 DALIAN STAR e 2024 中期報告 僅供識別 重要提示 一、 本公司董事會、監事會及董事、監事、高級管理人員保證 半年度報告內容的真實性、準確性、完整性，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。 二、 公司全體董事出席董事會會議。 三、 本半年度報告未經審計。 四、 公司負責人張小強、主管會計工作負責人卜周慶及會計機 構負責人（會計主管人員）趙靚珺聲明：保證半年度報告中 財務報告的真實、準確、完整。 五、 董事會決議通過的本報告期利潤分配預案或公積金轉增股 本預案 不適用 六、 前瞻性陳述的風險聲明 √ 適用 □ 不適用 本報告所涉及的未來計劃、發展戰略等前瞻性描述不構成 公司對投資者的實質承諾，敬請投資者注意投資風險。 七、 是否存在被控股股東及其他關聯方非經營性佔用資金情況 否 八、 是否存在違反規定決策程序對外提供擔保的情況 否 九、 是否存在半數以上董事無法保證公司所披露半年度報告的 真實性、準確性和完整性 否 十、 重大風險提示 公司已在本報告中描述可能存在的相關風險，具體內 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2024, representing a 15% increase compared to RMB 1.04 billion in the same period of 2023[7]. - The net profit attributable to shareholders for the first half of 2024 was RMB 300 million, up 20% from RMB 250 million in the first half of 2023[7]. - The company's operating revenue for the first half of 2024 was ¥3,461,594,202.34, a decrease of 3.42% compared to the same period last year[14]. - Net profit attributable to shareholders was ¥1,010,289,679.26, representing an increase of 10.69% year-on-year[14]. - The company's net profit for the first half of 2024 was RMB 103,168.67 million, representing a year-on-year increase of 8.47%, with a net profit margin of 29.19%, up 3.72 percentage points[41]. - The company's gross profit for the period was RMB 139,230.82 million, with a gross profit margin of 40.22%, an increase of 0.32 percentage points year-on-year[39]. - The company reported a comprehensive income total of CNY 973,195,367.94 for the first half of 2024, down from CNY 1,010,388,748.97 in the previous year[94]. - The company reported a total comprehensive income of ¥614.84 million for the first half of 2024[102]. Cargo Throughput and Operations - The company handled a total cargo throughput of 15 million tons in the first half of 2024, which is a 10% increase year-on-year from 13.64 million tons[7]. - The average daily container throughput increased to 1,200 TEUs, a 12% rise compared to 1,071 TEUs in the same period last year[7]. - The company achieved a total cargo throughput of 202.16 million tons in the first half of 2024, an increase of 5.68 million tons or 2.89% compared to 196.48 million tons in the same period of 2023[21]. - Qinhuangdao Port's cargo throughput was 89.14 million tons, a decrease of 3.15 million tons or 3.41% from 92.29 million tons in 2023, primarily due to weak domestic coal market demand[21][22]. - Caofeidian Port's cargo throughput increased to 65.38 million tons, up by 3.72 million tons or 6.03% from 61.66 million tons in 2023, driven by high demand for iron ore imports from steel enterprises[22]. - Huanghua Port's cargo throughput rose to 47.64 million tons, an increase of 5.11 million tons or 12.02% from 42.53 million tons in 2023, attributed to the development of green logistics channels for aluminum ore transportation[22]. Strategic Plans and Investments - The company plans to expand its operational capacity by 25% by the end of 2025 through the development of new berths and upgrading existing facilities[7]. - Investment in new technologies, including automated loading and unloading systems, is projected to reach RMB 200 million in 2024[7]. - The company aims to increase its market share in the northern China logistics sector by 15% over the next two years[7]. - The company is focused on expanding its market presence in resource-scarce regions such as Shanghai, Jiangsu, and Zhejiang, which are major consumers of coal and iron ore[19]. - The company plans to enhance coal marketing strategies and expand customer bases in regions such as Central and South Hebei and Northwest China in the second half of 2024[36]. Financial Position and Cash Flow - The net cash flow from operating activities was ¥1,481,449,302.79, down by 6.35% compared to the previous year[14]. - The company's construction in progress increased by 94.93% to RMB 1,589,077,471.63, mainly due to the expansion of the multi-purpose terminal project[31]. - As of June 30, 2024, cash and cash equivalents amounted to RMB 2,943,437,678.91, representing 10.26% of total assets, an increase of 3.71% from the previous year[31]. - The net cash flow from investment activities improved by 50.72% to RMB -369,336,395.03, influenced by the disposal of equity and increased dividends from investee companies[29]. - The net cash flow from financing activities was RMB -269,112,569.03, a 62.52% improvement, primarily due to reduced loan repayments[29]. Risk Management and Compliance - The board of directors has acknowledged potential risks related to market fluctuations and regulatory changes, which are detailed in the management discussion section[2]. - The company faces risks from the carbon neutrality goals impacting coal demand and competition among ports in the Bohai Rim[38]. - The company is classified as a key pollutant discharge unit in Qinhuangdao City and has complied with pollution discharge regulations, with no production wastewater discharged in the first half of 2024[48][50]. - The company has committed to fulfilling all public commitments made during the issuance process and will accept social supervision[61]. Corporate Governance and Shareholder Matters - The company held its 2023 annual general meeting on June 25, 2024, where 10 resolutions were approved, including the financial report and profit distribution plan[44]. - The company did not propose any profit distribution or capital reserve increase for the half-year period[47]. - The company has appointed new executives, including Sun Jinggang and Ding Xiaoping as vice presidents, and elected Liu Li and Zhou Qing as independent non-executive directors[45][46]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[64]. - The company and its controlling shareholders have maintained a good credit status, with no unfulfilled court judgments or significant overdue debts[64]. Accounting Policies and Financial Reporting - The company’s financial statements comply with the accounting standards set by the Ministry of Finance, ensuring accurate reflection of its financial status[115]. - The group recognizes financial assets or liabilities at fair value on the transaction date, with subsequent measurement based on amortized cost or fair value depending on the classification[131]. - The group assesses expected credit losses for financial assets measured at amortized cost, with provisions based on the entire lifetime expected credit losses or 12-month expected credit losses depending on credit risk changes[137]. - The group applies the effective interest method to calculate interest income on financial assets measured at amortized cost, adjusting for credit impairment when necessary[134]. - The company has not made any significant changes to its accounting policies or estimates for the reporting period[187].