财务方面，于2021年度、2022年度、2023年度及2024年1-6月，公司实现营业收入分别约为39.47亿元、40.67亿元、41.13亿元及27.42亿元，同期实现净利 润分别约为2.82亿元、1.67亿元、1.40亿及8124.72万元人民币，实现的主营业务毛利率分别为15.05%、10.37%、8.12%和7.83%。海阳科技称，2021年至 2023年发行人的营业收入小幅增长，但净利润持续下滑，且2022年下滑较多，主要系帘子布产品境内供需关系变化导致。 | 项目 | 2024.6.30/ 2024 年 1-6 | 2023.12.31/ 2023 年度 | 2022.12.31/ 2022 年度 | 2021.12.31/ | | --- | --- | --- | --- | --- | | | 月 | | | 2021 年度 | | 资产总额(万元) | 326,983.01 | 274.161.20 | 208,816.11 | 197,408.62 | | 归属于母公司所有者权益(万元) | 112,786.60 | 105,842.45 | 95,390.47 | 82,029.28 ...

智通财经APP讯，海阳科技(603382.SH)披露招股意向书，公司本次拟公开发行4531.29万股，本次发行 不涉及股东公开发售股份的情形，发行完成后公开发行股份数占发行后总股数的比例不低于25%。华泰 海阳科技家园1号员工持股集合资产管理计划参与战略配售的数量合计不超过本次公开发行规模的 10%，即453.129万股;同时，参与认购金额合计不超过6000万元。本次发行初步询价日期为2025年5月28 日，申购日期为2025年6月3日，发行结束后将尽快申请在上交所主板上市。 公司本次募集资金投资项目经公司第二届董事会第三次会议、2023年第二次临时股东大会审议确定，募 集资金拟用于以下用途：年产10万吨改性高分子新材料项目(一期)、年产4.5万吨高模低缩涤纶帘子布智 能化技改项目、补充流动资金。 公司系国内从事尼龙6系列产品研发、生产和销售的主要企业之一。自成立以来，公司坚持走"以尼龙6 新材料为主线"的相关多元化发展道路，确立"成为中国尼龙行业领跑者"的愿景，经过多年的行业积累 和发展，已经形成集切片、丝线以及帘子布完整的尼龙6系列产品体系。公司的主要产品为尼龙6切片、 尼龙6丝线和帘子布，其中帘子布分为 ...

Financial Performance - In 2024, the total cargo throughput reached 453 million tons, representing a year-on-year increase of 1.9%[30] - The container throughput for 2024 was 20.47 million TEUs, an increase of 2.2% compared to the previous year[30] - The revenue for the year ended December 31, 2024, was HKD 13.721 billion, up from HKD 13.484 billion in 2023[20] - The profit attributable to shareholders for 2024 was HKD 690 million, a decrease from HKD 729 million in 2023[20] - The basic earnings per share for 2024 were 11.2 HK cents, down from 11.8 HK cents in 2023[20] - The total revenue for 2024 was HKD 13,721 million, reflecting a growth of 1.8% from HKD 13,484 million in 2023[42] - The gross profit for 2024 was HKD 3,958 million, which is a 7.0% increase from HKD 3,698 million in 2023[42] - The total cost of sales decreased by 0.3% to HKD 9.754 billion, with significant reductions in the sales business cost by 18.8%[49] - The gross profit for 2024 was HKD 3.958 billion, with a gross margin of 28.8%, up from 27.4% in 2023[57] - The total throughput of bulk cargo for 2024 was 254.97 million tons, compared to 237.80 million tons in 2023[20] Dividends and Shareholder Returns - The company plans to declare a final dividend of 4.48 HK cents per share for 2024, with a payout ratio of approximately 40%[30] - The company plans to maintain a dividend of HKD 0.0448 per share for the 2024 fiscal year, with a payout ratio of approximately 40%[44] - The company proposed a final dividend of HKD 0.0448 per share for the year ending December 31, 2024, subject to shareholder approval at the upcoming annual general meeting[169] Assets and Liabilities - The total assets as of December 31, 2024, were HKD 40.674 billion, slightly up from HKD 40.620 billion in 2023[20] - The debt ratio improved to 15.9% in 2024 from 18.8% in 2023[20] - As of December 31, 2024, the company's equity attributable to shareholders was HKD 13.756 billion, with a net asset value per share of HKD 2.2[66] - The total borrowings of the group were HKD 4.861 billion as of December 31, 2024, down from HKD 5.707 billion in 2023, with all borrowings settled in RMB[68] - The debt-to-equity ratio as of December 31, 2024, was 15.9%, a decrease from 18.8% in 2023[69] - The current ratio was 1.5 as of December 31, 2024, compared to 1.6 in 2023[69] Operational Efficiency and Strategy - The company aims to enhance production intelligence and service efficiency while promoting a green low-carbon layout[30] - The company aims to enhance operational efficiency through digital transformation and automation upgrades[39] - The company is committed to green and low-carbon development, focusing on renewable energy projects such as wind and solar power[40] - The company anticipates stable growth in the Chinese economy, supported by macroeconomic policies and increased domestic demand[45] - The company will leverage national strategies like the Belt and Road Initiative to enhance its market position and operational capabilities[46] Governance and Board Structure - The board consists of 8 directors, including 5 executive directors and 3 independent non-executive directors as of December 31, 2024[99] - The company held a total of 7 board meetings, 1 annual general meeting, and 1 special general meeting in 2024[104] - All directors confirmed compliance with the standard code of conduct for securities trading during the applicable period ending December 31, 2024[98] - The company has adopted a mechanism to ensure the board receives independent views and opinions, which was reviewed for effectiveness as of December 31, 2024[112] - The board is responsible for overseeing the company's business, overall strategy, corporate governance, risk management, and financial performance[102] Risk Management and Internal Controls - The company has confirmed that its risk management and internal control systems are adequate and effective in all significant aspects, including financial, operational, and compliance monitoring[134] - The internal audit department is responsible for reviewing the effectiveness of the risk management and internal control systems and reports directly to the audit committee[141] - The company has established a structured risk identification and assessment process to manage significant risks impacting its objectives[139] - Regular reviews of the risk management and internal control systems are conducted to adapt to changing business environments and emerging risks[139] Employee and Management Information - The group had approximately 5,399 employees as of December 31, 2024, with a focus on employee development and training to enhance productivity[179] - The company has a three-year service contract with each executive director, which can be extended[196] - The company has purchased directors and officers liability insurance for its board members[199] Shareholder Communication - The company emphasizes regular communication with shareholders to enhance long-term shareholder value and has established a shareholder communication policy that is reviewed periodically[151] - The company encourages shareholders to participate in annual general meetings and welcomes their feedback and questions[150] - The company has a commitment to protecting shareholder privacy and complies with applicable data protection laws[158]

Summary of Conference Call on Tianjin Port Development Holdings Limited Industry Overview - The conference began with an introduction to the Chinese port industry and Tianjin Port by Vice General Manager Ms. Ma Suqin, followed by a financial performance overview for 2024 by CFO Mr. Zhang Hualong [1] - The international environment remains complex with weak global economic growth, yet China's GDP is projected to reach 139.5 trillion yuan in 2024, growing by 5% year-on-year, maintaining its position as the second-largest economy globally [2] - China's total import and export value is expected to be 6.1 trillion USD, a year-on-year increase of 3.8%, with exports at 3.577 trillion USD (up 5.9%) and imports at 2.585 trillion USD (up 1.1%) [2] - The total cargo throughput for Chinese ports in 2024 is projected to be 1.76 billion tons, a 3.7% increase from 2023, with container throughput expected to reach 33.2 million TEUs, growing by 7% [2] Company Performance - Tianjin Port's total cargo throughput for 2024 is expected to be 579 million tons, a year-on-year increase of 3.7%, with foreign trade cargo throughput at 353 million tons (up 8.6%) and container throughput at 23.29 million TEUs (up 5%) [3] - For the first two months of 2025, Tianjin Port's cargo throughput reached 9.109 million tons, a 2.2% increase, with container throughput at 362,000 TEUs, growing by 7.1% [3] Financial Highlights - The company achieved a total cargo throughput of 453 million tons in 2024, a 1.9% increase, with container throughput at 20.47 million TEUs (up 2.2%) and bulk cargo throughput at 255 million tons (up 7.2%) [4] - Revenue increased by 1.8% to 13.721 billion yuan, while shareholder profit per share decreased by 5.3% to 6.91 HKD [4] - The company's pre-tax profit was 2.18 billion HKD, a 4.8% increase, attributed to higher revenue and gross margin, despite challenges from increased management costs and reduced exchange gains [5] - Total assets as of December 31, 2024, were 40.677 billion HKD, with total equity at 30.671 billion HKD and total debt at 4.861 billion HKD, reflecting a 14.8% decrease [6] Future Outlook - The company faces challenges from geopolitical conflicts and trade protectionism, with the IMF projecting global economic growth of 3.3% in 2025 [7] - Despite these challenges, China's GDP growth target for 2025 remains at around 5%, consistent with previous expectations [7] - Tianjin Port is positioned as a key strategic resource, benefiting from national policies such as the Belt and Road Initiative and the development of the Xiong'an New Area [8] - The company is focused on building a world-class port, emphasizing smart and green port initiatives, and aims to enhance operational efficiency and service quality [9][10] Additional Insights - The company plans to increase its container shipping routes, with a total of 147 routes as of the end of last year, including 69 routes under the Belt and Road Initiative [12] - Capital expenditure for 2025 is budgeted at approximately 2.4 billion RMB, primarily for upgrading and renovating various terminals and related equipment [12]

Financial Performance - Revenue for the year was HKD 13.72 billion, an increase from HKD 13.48 billion in the previous year[5] - Profit attributable to equity holders was HKD 690.21 million, down from HKD 728.59 million year-on-year[5] - Basic earnings per share decreased to HKD 11.2 from HKD 11.8[5] - Total comprehensive income for the year was HKD 1.14 billion, compared to HKD 1.19 billion in the previous year[6] - The group reported a profit before tax of HKD 2,184,489, an increase from HKD 2,085,076 in the previous year, reflecting a growth of approximately 4.8%[17] - Other income for the year amounted to HKD 229,104, up from HKD 168,660 in the previous year, primarily driven by government subsidies increasing from HKD 10,720 to HKD 56,744[18] - The cost of sales decreased to HKD 2,797,733 from HKD 3,454,042, indicating a reduction of approximately 19%[20] - The group’s administrative expenses rose to HKD 2,091,959 compared to HKD 1,997,431 in the previous year, reflecting an increase of about 4.7%[20] - The financial expenses decreased to HKD 248,435 from HKD 280,546, showing a reduction of approximately 11.5%[18] - The group reported a net profit attributable to shareholders of HKD 2,184,489, reflecting a solid performance amidst market challenges[17] Dividends and Shareholder Returns - Proposed final dividend is HKD 0.0448 per share, with a payout ratio of approximately 40%[4] - The company proposed a final dividend of HKD 0.0448 per share for 2024, down from HKD 0.0473 in 2023, with a total dividend payout of HKD 275.878 million for 2024 compared to HKD 291.273 million in 2023[21][29] Assets and Liabilities - Total assets amounted to HKD 40.67 billion, slightly down from HKD 40.62 billion in the previous year[8] - Total liabilities decreased to HKD 10.02 billion from HKD 10.34 billion year-on-year[8] - Non-current assets totaled HKD 31.35 billion, a slight decrease from HKD 31.83 billion[7] - Cash and cash equivalents increased to HKD 6.87 billion from HKD 6.37 billion[7] - The group's total assets as of December 31, 2024, were HKD 40.674 billion, with total liabilities of HKD 10.016 billion[51] - The total borrowings of the group as of December 31, 2024, were HKD 4.861 billion, down from HKD 5.707 billion in the previous year, with HKD 1.861 billion due within one year[52] - The group's debt-to-equity ratio was 15.9% as of December 31, 2024, compared to 18.8% a year earlier, indicating improved financial stability[53] - The current ratio stood at 1.5 as of December 31, 2024, slightly down from 1.6 as of December 31, 2023, reflecting a stable liquidity position[53] Operational Highlights - Total cargo throughput reached 453 million tons, with container throughput at 20.47 million TEUs[4] - Total revenue for the reporting segments reached HKD 14,319,135, with cargo handling contributing HKD 8,068,105, sales generating HKD 2,877,148, and other port services accounting for HKD 3,373,882[15] - The total revenue from the handling business was HKD 8.068 billion, an increase of 8.8% in HKD and 10.1% in RMB year-on-year, driven by increased throughput in both bulk and container handling[35] - The total throughput for bulk cargo handling reached 25.497 million tons, up 7.2% from the previous year, with a significant increase of 11.6% at the controlled terminals[36] - The total throughput for container handling was 2.047 million TEUs, an increase of 2.2% year-on-year, with revenue rising by 4.6% to HKD 2.213 billion[38] Future Outlook and Strategic Initiatives - The group expects the new Hong Kong Financial Reporting Standards to impact future financial statements, with specific assessments ongoing[12] - The group is evaluating the impact of the new accounting standards on its consolidated financial statements, with implementation expected to begin in 2027[12] - The outlook for 2025 anticipates a global economic growth rate of 3.3%, with China expected to maintain stable growth, supporting port business operations[30] - The company plans to enhance its operational efficiency through digital transformation and green energy initiatives, focusing on smart port construction and low-carbon development[26][31] - The company aims to improve governance and risk management while pursuing opportunities from national strategies like the Belt and Road Initiative[31] Cash Flow and Investments - The net cash inflow from operating activities was HKD 3.163 billion, contributing to a net increase in cash and cash equivalents of HKD 0.672 billion[49] - As of December 31, 2024, the group's cash and deposits balance was HKD 6.884 billion, an increase from HKD 6.428 billion as of December 31, 2023[52] - Capital expenditures for 2024 amounted to HKD 1.461 billion, primarily for new construction or renovation projects at terminals and yards[57] - The group's capital commitments for properties, machinery, and equipment were HKD 1.016 billion as of December 31, 2024, compared to HKD 0.986 billion a year earlier[57] Market and User Growth - The company reported a revenue increase of 15% year-over-year, reaching $500 million in Q3 2023[70] - User data showed a growth of 25% in active users, totaling 2 million by the end of the quarter[70] - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting $550 million[70] - New product launches contributed to a 30% increase in sales, with three new products introduced in the last quarter[70] - Market expansion efforts resulted in a 20% increase in market share in the Asia-Pacific region[70] Strategic Partnerships and Acquisitions - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $100 million allocated for this purpose[70] - A new strategic partnership was formed, expected to generate an additional $20 million in revenue over the next year[70] Profitability Metrics - The gross profit for 2024 was HKD 3.958 billion, reflecting a 7.0% increase from HKD 3.698 billion in 2023, attributed to higher revenue and gross margin[28] - The gross margin improved to 40%, up from 35% in the previous quarter[70] - Operating expenses were reduced by 5%, totaling $150 million, contributing to overall profitability[70]

交 天津港發展控股有 JR 7 ings (於開曼群島註冊成立之有限公司) 股份代號：03382 【期】 報告 日 4 202 公司簡介 天津港發展控股有限公司於2006年5月24日於香港聯合交易所有限公司上市（股份代號：03382）。 本集團自1968年開始在天津港以散雜貨碼頭營運，其後於1980年擴展至集裝箱裝卸業務。於2010 年2月，本集團完成收購天津港股份有限公司的56.81%權益。目前本集團是天津港的主要港口營運 商，主要從事集裝箱及散雜貨裝卸業務、銷售業務及港口配套服務業務。本集團擁有先進的集裝箱 碼頭、專業化焦炭碼頭、專業化煤碼頭、專業化礦石碼頭和專業化滾裝碼頭，以及30萬噸級原油碼 頭。 天津港處於京津城市帶和環渤海經濟圈的交匯點上，是沿海港口碼頭功能最齊全的港口之一，是中 國北方最大的綜合性港口與重要的對外貿易口岸，服務輻射中國14個省、市、自治區，是連接東北 亞和輻射中西亞的紐帶。於2024年上半年，以貨物總吞吐量計算，天津港是中國第七大港口；就集 裝箱總吞吐量而言，天津港名列中國第六。 天津港實華 遠航國際 遠航國際 國能 石油化工碼頭 焦炭碼頭 中煤華能 中航油 天津港輪駁 聯盟國際 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 6.746 billion, an increase from HKD 6.244 billion in the same period last year[4] - Profit attributable to equity holders was HKD 418.14 million, down from HKD 474.48 million year-on-year[4] - Basic earnings per share decreased to HKD 6.8 from HKD 7.7 in the previous year[4] - Total comprehensive income for the period was HKD 811.87 million, compared to HKD 142.67 million in the prior period[5] - Profit before tax amounted to HKD 1,268,584, reflecting the company's strong operational performance[12] - The company reported a net profit of HKD 418,143 for the six months ended June 30, 2024, down from HKD 474,481 in the same period last year[21] - Basic and diluted earnings per share were calculated at HKD 0.068, consistent with the previous period due to no potential ordinary shares outstanding[21] Revenue Breakdown - Total revenue for the reporting segments reached HKD 7,000,726, with external customer revenue contributing HKD 6,746,266, representing a significant increase compared to the previous period[13] - The cargo handling segment generated revenue of HKD 3,821,026, while the sales segment contributed HKD 1,631,203, and other port services brought in HKD 1,294,037[13] - The group achieved a revenue of HKD 2.781 billion from bulk cargo handling, an increase of 8.9% compared to the previous year[34] - Sales business revenue increased by 16.0% to HKD 1.63 billion in the first half of 2024, with an 18.6% increase in RMB terms due to higher sales volume[38] - Other port services revenue rose by 6.6% to HKD 1.29 billion in the first half of 2024, with a 9.0% increase in RMB terms attributed to increased business volume[39] Cargo Throughput - Total cargo throughput reached 228 million tons, with container throughput at 10.43 million TEUs[3] - In the first half of 2024, the total cargo throughput reached 228 million tons, a year-on-year increase of 1.8% compared to 224 million tons in 2023[26] - The container throughput for the first half of 2024 was 10.43 million TEUs, a year-on-year increase of 1.6%[35] - The throughput of bulk cargo increased by 6.3% to 12.522 million tons in the first half of 2024, with a notable increase of 9.8% at the group's controlled terminals[32] Assets and Liabilities - Non-current assets amounted to HKD 31.34 billion, slightly down from HKD 31.83 billion at the end of 2023[6] - Total assets increased to HKD 41.19 billion from HKD 40.62 billion at the end of 2023[7] - Total liabilities rose to HKD 10.85 billion, up from HKD 10.34 billion at the end of 2023[7] - Trade receivables as of June 30, 2024, totaled HKD 2,134,229, an increase from HKD 1,635,663 at the end of 2023[22] - Trade payables amounted to HKD 1,887,240, up from HKD 1,694,049 at the end of the previous year[23] Cash Position and Expenses - The company reported a net cash position of HKD 6.99 billion as of June 30, 2024, compared to HKD 6.37 billion at the end of 2023[6] - Financial expenses decreased to HKD 128,523 from HKD 149,999 in the previous period, indicating improved cost management[17] - Administrative expenses increased by 3.4% to HKD 929 million in the first half of 2024, compared to HKD 898 million in the same period of 2023[41] - Financial expenses decreased by 14.3% to HKD 129 million in the first half of 2024, primarily due to a reduction in total borrowings[43] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.0473 per share, significantly higher than HKD 0.0224 per share in the previous year[20] Strategic Focus and Initiatives - The group plans to continue focusing on the construction of world-class green and smart ports, leveraging national policy opportunities such as the Beijing-Tianjin-Hebei coordinated development and the Belt and Road Initiative[27] - The group has established a carbon management system, becoming the first in the national port industry to obtain a carbon management system evaluation certificate[25] Employee and Governance - As of June 30, 2024, the group had approximately 5,528 employees, with no changes in retirement benefit contributions during the six months ending June 30, 2024[53] - The group emphasizes lifelong learning and personal development for employees, enhancing productivity through training[54] - The company has complied with all provisions of the corporate governance code during the six months ending June 30, 2024[55] Audit and Reporting - The interim financial statements for the six months ending June 30, 2024, were reviewed by independent auditors in accordance with Hong Kong accounting standards[54] - The interim report for 2024 will be published on the company's website and the HKEX news website in due course[56]

Financial Performance - Total throughput for 2023 reached 445 million tons, a year-on-year increase of 0.4%[19] - Container throughput for 2023 was 20.02 million TEUs, up 1.0% from the previous year[19] - Revenue for 2023 amounted to HKD 13,484 million, compared to HKD 13,017 million in 2022, reflecting a growth of 3.6%[12] - Profit attributable to shareholders for 2023 was HKD 729 million, significantly up from HKD 345 million in 2022, representing a 111.3% increase[12] - Basic earnings per share for 2023 were HKD 11.8, compared to HKD 5.6 in 2022, marking a 110.7% increase[12] - Total revenue for 2023 was HKD 13,484 million, an increase of 3.6% compared to HKD 13,017 million in 2022[31] - Sales business revenue reached HKD 3,471 million, up 16.5% from HKD 2,979 million in the previous year[31] - Total cost of sales for 2023 was HKD 9,782 million, a slight increase of 1.1% from HKD 9,672 million in 2022[33] - Gross profit for 2023 was HKD 3,698 million, with a gross margin of 27.4%, up from 25.6% in 2022[41] - The 2023 gross profit margin improved to 27.4%, up from 25.7% in 2022, driven by effective cost control and increased revenue from handling operations[27] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 40,620 million, down from HKD 42,211 million in 2022[13] - Total borrowings decreased to HKD 5,707 million from HKD 8,291 million, resulting in a debt ratio of 18.8%[13] - The group's total liabilities as of December 31, 2023, were HKD 10.34 billion, down from HKD 12.56 billion in the previous year, resulting in a debt ratio of 18.8% compared to 28.0% in 2022[50] - Cash and deposits balance as of December 31, 2023, was HKD 6.43 billion, a decline from HKD 7.96 billion as of December 31, 2022[49] - The company's equity attributable to shareholders was HKD 13,610 million as of December 31, 2023, compared to HKD 13,244 million in 2022[47] Dividends - The company proposed a final dividend of HKD 4.73 per share, with an annual payout ratio of approximately 40%[19] - The company plans to maintain a dividend payout ratio of approximately 40% for the year, consistent with the previous year[28] - The company aims to distribute an annual dividend amounting to 30% to 50% of the annual profit attributable to shareholders, depending on operational performance and financial conditions[117] Operational Strategy - The company aims to enhance service quality and expand service functions while maintaining a focus on risk management and operational efficiency[19] - The outlook for 2024 indicates potential growth opportunities driven by favorable policies and trade agreements, despite ongoing economic uncertainties[19] - The company is focusing on green port initiatives, having upgraded equipment to replace traditional fuel with electricity, and was recognized as a five-star "Green Port"[23] - The digital transformation strategy includes the integration of IoT, big data, and AI technologies to enhance operational efficiency and service quality[24] - The company aims to enhance safety management through the application of smart technologies, including drone surveillance and comprehensive video monitoring[25] - Future outlook indicates a commitment to leveraging strategic opportunities from national policies and enhancing core competitiveness in port logistics[28] - The company emphasizes sustainable development and aims to reduce environmental impact through clean energy technologies and waste reduction initiatives[29] Governance and Management - The company is focused on expanding its market presence and enhancing operational capabilities through strategic appointments and governance improvements[62] - The management team is committed to leveraging their extensive experience to drive the company's growth and operational efficiency in the logistics sector[58][59] - The board includes independent non-executive directors with diverse expertise, such as Luo Wenyu, who has a background in engineering and has served in various academic and advisory roles[60] - The company is committed to maintaining high levels of corporate governance to enhance business transparency and accountability to shareholders[66] - The company’s governance practices comply with all provisions of the corporate governance code for the year ending December 31, 2023[67] - The company’s financial performance and risk management are monitored by the board, ensuring alignment with overall strategic objectives[70] Risk Management - The company has established a risk management framework that includes risk identification, assessment, response, control, monitoring, and reporting[96][97][98][99] - The company conducted an annual review of its risk management and internal control systems, confirming their adequacy and effectiveness[94] - The risk management department is tasked with daily risk management operations and ensuring compliance with established policies and procedures[95] Related Party Transactions - The company ensures that the terms of transactions with Tianjin Port Group are not less favorable than those offered by independent third parties[158] - The company has received independent shareholder approval for ongoing related party transactions as disclosed in announcements dated September 28, 2020, and September 25, 2023[162][166] - The company has established a framework agreement with Zhonggu Logistics for services from January 1, 2023, to December 31, 2025, covering various operational needs[188] - The pricing for services is based on fair market value, considering service content, quantity, and quality, with specific guidelines for each service type[190] Employee and Diversity Initiatives - The group employs a total of 5,727 staff members, with a gender ratio of 4,356 males to 1,371 females[79] - The Nomination Committee has reviewed the implementation and effectiveness of the board diversity policy and aims to continue seeking suitable candidates to enhance diversity[79] - The company emphasizes the importance of effective communication and timely information dissemination among board members[71] Shareholder Engagement - The company encourages direct communication with shareholders and provides various channels for inquiries and feedback[107][109] - Shareholders have the right to receive company communications in both English and Chinese, and can choose their preferred method of receipt[110] - The company maintains a website that provides comprehensive information, including financial reports and governance documents, ensuring transparency[111]

Financial Performance - Revenue for the year was HKD 13.484 billion, an increase from HKD 13.017 billion in the previous year[5] - Profit attributable to equity holders was HKD 729 million, compared to HKD 345 million in the prior year[4] - Basic earnings per share were HKD 0.118, up from HKD 0.056[6] - The company reported a total comprehensive income of HKD 1.19 billion, recovering from a loss of HKD 1.57 billion in the previous year[6] - The total revenue for 2023 was HKD 13,484 million, an increase of 3.6% from HKD 13,017 million in 2022[33] - The gross profit for 2023 was HKD 3,698 million, reflecting a 10.8% increase compared to HKD 3,337 million in 2022[33] - The profit attributable to shareholders for 2023 was HKD 729 million, a significant increase of 111.0% from HKD 345 million in 2022[33] - The effective tax rate for the group is 25%, with certain subsidiaries benefiting from reduced rates due to tax exemptions[24] Revenue Breakdown - Revenue from external customers for the cargo handling segment was HKD 7,418,369 thousand, compared to HKD 7,383,756 thousand in the previous year, indicating a slight increase of 0.5%[18][19] - The performance of the cargo handling segment showed a profit before tax of HKD 2,390,001 thousand, up from HKD 2,047,746 thousand in 2022, representing an increase of approximately 16.7%[18][19] - Other port ancillary services generated revenue of HKD 3,079,384 thousand, a decrease from HKD 3,091,717 thousand in 2022, reflecting a decline of about 0.4%[18][19] - The revenue from the sales business increased by 16.5% to HKD 3.471 billion, driven by higher sales volume[44] - The revenue from container handling business rose by 5.9% to HKD 2.116 billion, attributed to increased throughput[42] Operational Metrics - Total cargo throughput reached 445 million tons, with container throughput at 20.02 million TEUs[3] - The total cargo throughput for 2023 was 445 million tons, a 0.5% increase from 443 million tons in 2022[32] - The total container throughput for 2023 was 20.02 million TEUs, up 1.0% from 19.83 million TEUs in 2022[32] Assets and Liabilities - Total assets decreased to HKD 40.62 billion from HKD 42.21 billion year-on-year[8] - Total liabilities reduced to HKD 10.34 billion from HKD 12.56 billion[8] - Non-current assets amounted to HKD 31.83 billion, slightly down from HKD 31.98 billion[7] - Cash and cash equivalents decreased to HKD 6.37 billion from HKD 7.95 billion[7] - The debt-to-equity ratio improved to 18.8% from 28.0% year-on-year[53] Dividends - Proposed final dividend per share is HKD 0.0473, with a payout ratio of approximately 40%[3] - The proposed final dividend for 2023 is HKD 0.0473 per share, compared to HKD 0.0224 per share in 2022[25] Other Financial Information - Other income for 2023 totaled HKD 168,660 thousand, significantly lower than HKD 374,602 thousand in 2022, marking a decrease of approximately 55.1%[20][21] - Financial expenses for the year were HKD 280,546 thousand, down from HKD 390,092 thousand in 2022, indicating a reduction of about 28.2%[22] - Income tax expense decreased by HKD 32 million to HKD 400 million, influenced by the use of previously unrecognized deferred tax assets[49] - Net cash inflow from operating activities was HKD 2.851 billion, while net cash outflow from investing activities was HKD 823 million[49] Strategic Focus - The company continues to focus on enhancing its operational efficiency and exploring market expansion opportunities in the port services sector[17] - The group plans to enhance operational efficiency through digital transformation and automation technologies[35] - The group aims to strengthen its core competitiveness in port logistics and expand market opportunities[35] - The group will focus on sustainable development by implementing green low-carbon upgrades and optimizing energy efficiency[35] - The group has implemented a carbon management system and upgraded port vehicles to enhance sustainability efforts[30] Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code during the year ended December 31, 2023[61] - The Audit Committee, consisting of four independent non-executive directors, reviewed the annual performance for the year ended December 31, 2023[62] - The annual results announcement is available on the company's website and the Hong Kong Stock Exchange's disclosure website[63] - The company will hold its annual general meeting on June 12, 2024, to determine eligible shareholders for voting[64]

Financial Performance - Total cargo throughput for the first half of 2023 was 22.4 million tons, a 1.0% increase from 22.2 million tons in the same period of 2022[8]. - Container throughput reached 10.27 million TEUs, up 2.3% from 10.04 million TEUs in the first half of 2022[8]. - Revenue for the first half of 2023 was HKD 6.244 billion, a decrease of 12.2% compared to HKD 7.114 billion in the same period of 2022[12]. - Shareholder profit for the first half of 2023 was HKD 474 million, representing a 65.8% increase from HKD 286 million in the first half of 2022[8]. - Gross profit for the first half of 2023 was HKD 2.030 billion, an increase of 18.3% year-on-year, with a gross profit margin of 32.5%, up 8.4 percentage points[23]. - The net profit for the period was HKD 1,083,905,000, up 40.5% from HKD 771,526,000 in the previous year[51]. - Profit attributable to equity holders for the six months was HKD 474,481,000, up 65.8% from HKD 286,096,000 in 2022[78]. - Basic and diluted earnings per share for the period were HKD 0.077, compared to HKD 0.046 in the same period of 2022[51]. Cash Flow and Assets - The company reported a net cash inflow from operating activities of HKD 1.456 billion, slightly down from HKD 1.495 billion in the previous year[4]. - Total assets as of June 30, 2023, were HKD 39.486 billion, down from HKD 42.211 billion at the end of 2022[4]. - Current assets decreased from HKD 10,228,329 thousand to HKD 8,927,058 thousand, a reduction of about 12.7%[54]. - Cash and cash equivalents decreased from HKD 7,954,823 thousand to HKD 6,420,992 thousand, a decline of about 19.3%[58]. - The company's total liabilities amounted to HKD 5,959,791, a decrease of 28% from HKD 8,290,782 as of December 31, 2022[85]. - The company's total equity decreased from HKD 29,653,581 thousand as of December 31, 2022, to HKD 29,283,109 thousand as of June 30, 2023, a decline of about 1.3%[54]. Debt and Financial Ratios - The debt-to-equity ratio improved to 20.4% from 28.0% in the previous year[4]. - The total borrowings as of June 30, 2023, amounted to HKD 5,960,000,000, primarily at floating interest rates[40]. - The debt ratio as of June 30, 2023, was 20.4%, down from 28.0% at the end of 2022, indicating improved financial stability[37]. - The company’s borrowings decreased from HKD 4,018,468 thousand to HKD 1,772,561 thousand, a significant reduction of approximately 56.0%[55]. Revenue Breakdown - The group's handling business revenue reached HKD 3.624 billion, a year-on-year increase of 1.6%, and an increase of 8.6% in RMB terms, primarily due to the rise in container handling throughput[14]. - Revenue from the cargo handling segment was HKD 3,623,545,000, while sales and other port services generated HKD 1,406,531,000 and HKD 1,213,892,000 respectively[69]. - Sales business revenue decreased by 37.9% to HKD 1.407 billion, primarily due to a reduction in sales volume[20]. - Container handling revenue increased by 14.8% to HKD 1.070 billion, attributed to the increase in container throughput[19]. Operational Insights - The company plans to enhance port infrastructure and promote smart upgrades and low-carbon development in the second half of 2023[10]. - The company aims to maintain efficient port operations and expand service functions to achieve high-quality development[10]. - The group continues to focus on market expansion and new product development as part of its strategic initiatives[110]. - The company anticipates a recovery in revenue growth in the second half of 2023, driven by improved market conditions and operational efficiencies[110]. Administrative and Other Expenses - Administrative expenses increased by 1.9% to HKD 898 million, mainly due to rising R&D costs[24]. - The group’s administrative expenses for the six months ended June 30, 2023, were HKD 897,726,000, compared to HKD 881,360,000 in the same period of 2022[70]. - Total financial expenses decreased to HKD 149,999,000 from HKD 200,743,000, a reduction of 25.1%[73]. Dividends and Shareholder Information - The board has decided not to declare an interim dividend for the six months ended June 30, 2023[9]. - The company did not declare an interim dividend for the six months ended June 30, 2023, consistent with the previous year[77]. - As of June 30, 2023, Tianjin Port Overseas Holdings Limited holds 3,294,530,000 shares, representing 53.5% of the issued share capital[107]. - Leadport Holdings Limited owns 1,293,030,000 shares, accounting for 21.0% of the issued share capital[107]. Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code for the six months ending June 30, 2023[95]. - The independent auditor has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2023[94]. - The company has adopted a standard code for directors' securities transactions, with all directors confirming compliance for the applicable period[96].