香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：03382） 截至2023年6月30日止六個月的中期業績 | --- | |-------------------------------------------------------------------| | | | | | 完成貨物總吞吐量 2.24 億噸，其中集裝箱總吞吐量為 1,027 萬標準箱。 | | 收入為 62.44 億港元。 | | 本公司股權持有人應佔溢利為 4.74 億港元。 | | 每股基本盈利為 7.7 港仙。 | 董事會欣然宣佈本公司及其附屬公司截至2023年6月30日止六個月的未經審核綜合業 績如下： – 1 – 簡明綜合收益表 截至2023年6月30日止六個月 應佔溢利： 本公司股權持有人 474,481 286,096 非控制性權益 609,424 485,430 1,083,905 771,526 | --- | - ...

Financial Performance - The company's revenue for 2022 was HKD 13,017 million, a decrease of 25.3% from HKD 17,371 million in 2021[16]. - The profit attributable to shareholders for 2022 was HKD 345 million, down 62.6% from HKD 923 million in 2021[16]. - The company's total assets as of December 31, 2022, were HKD 42,211 million, down from HKD 46,302 million in 2021[16]. - The cash inflow from operating activities for 2022 was HKD 3,088 million, compared to HKD 3,535 million in 2021[16]. - The gross profit for 2022 was HKD 3.337 billion, down 12.9% from HKD 3.831 billion in 2021[35]. - The total revenue from the cargo handling business was HKD 7.384 billion, down 4.9% year-on-year, with a revenue decline of 1.1% when calculated in RMB[44]. - The sales business revenue was HKD 2.979 billion, a significant decrease of 56.0% year-on-year, primarily due to the sale of a subsidiary in August 2021[49]. - The group's total sales cost for the year was HKD 9.672 billion, a decrease of 28.5% compared to the previous year[42]. Debt and Financial Stability - The debt ratio improved to 28.0% in 2022 from 33.8% in 2021, indicating better financial stability[16]. - Total borrowings amounted to HKD 8.291 billion as of December 31, 2022, down from HKD 10.333 billion a year earlier, with 73.5% denominated in RMB[63]. - The debt-to-equity ratio was 28.0% as of December 31, 2022, compared to 33.8% on December 31, 2021, indicating improved financial stability[64]. - The group incurred a foreign exchange loss of HKD 205 million in 2022 due to significant fluctuations in the RMB exchange rate, compared to a foreign exchange gain of HKD 58 million in 2021[67]. - The current ratio improved to 1.3 as of December 31, 2022, from 1.2 a year prior, reflecting better short-term liquidity[64]. Operational Capacity and Throughput - In 2022, the total throughput of Tianjin Port was 241.03 million tons for bulk cargo and 19.83 million standard containers, with a slight decrease in container throughput compared to 2021[16]. - The total cargo throughput for the year 2022 was 443 million tons, a year-on-year increase of 0.2%[34]. - The total container throughput was 19.83 million TEUs, a year-on-year decrease of 1.8%[34]. - The total throughput of bulk cargo reached 24.103 million tons, an increase of 1.0% compared to the previous year, with a comprehensive average price of HKD 29.9 per ton, up 3.4% year-on-year[45][46]. - The total throughput of container handling was 1.983 million TEUs, a decrease of 1.8% year-on-year, with a revenue of HKD 1.999 billion, down 23.4% year-on-year[47][48]. Strategic Initiatives and Future Plans - The company aims for a GDP growth target of around 5% for 2023, supported by ongoing economic stabilization policies[38]. - The company plans to enhance operational efficiency and strengthen cost control while focusing on green and low-carbon development[39]. - The company will continue to deepen market development and improve port service functions in 2023[39]. - Capital expenditures for 2022 were HKD 1.148 billion, primarily for the construction and renovation of terminals and yards[69]. Corporate Governance - The company is committed to maintaining high standards of corporate governance through the involvement of independent directors in key committees[83][85]. - The board consists of eight members, including five executive directors and three independent non-executive directors[96]. - The company has adopted a board diversity policy and will continue to consider various diversity aspects, including gender, age, and professional experience, in future appointments[109]. - The company emphasizes compliance with corporate governance codes and conducts annual reviews of its governance policies[128]. - The board confirmed that the group has sufficient financial resources to continue operating for the foreseeable future, based on current financial forecasts and available financing[130]. Shareholder Communication and Engagement - The company emphasizes regular communication with shareholders to enhance long-term shareholder value and has established a shareholder communication policy[151]. - Shareholders can submit written inquiries to the board via the company's main business address or email, promoting direct communication[145]. - A special general meeting can be convened upon the request of shareholders holding at least 10% of the voting rights, with specific procedures outlined for such requests[146]. - The company encourages shareholder participation in annual general meetings and allows for proxy representation if shareholders cannot attend[156]. Management and Leadership - The company’s management is responsible for daily operations, overseen by the executive directors[99]. - The company’s financial management is led by a qualified CFO with extensive experience in auditing and compliance[91]. - The management team is composed of professionals with diverse backgrounds in finance, law, and engineering, ensuring a well-rounded approach to business challenges[80][81][82]. - The board of directors held a total of six meetings in 2022, with attendance rates for executive directors ranging from 50% to 100%[101][102].

Financial Performance - Revenue for the year was HKD 13.017 billion, a decrease from HKD 17.371 billion in the previous year[4] - Profit attributable to equity holders was HKD 345.3 million, down from HKD 923.1 million year-on-year[4] - Basic earnings per share decreased to HKD 0.056 from HKD 0.150 in the previous year[4] - Total revenue for the year ended December 31, 2022, was HKD 17,370,544, an increase from HKD 17,217,480 in 2021, representing a growth of approximately 0.89%[16] - The operating profit before tax for 2022 was HKD 2,476,296, compared to HKD 2,427,313 in 2021, indicating an increase of about 2.02%[16] - The company reported a net profit attributable to shareholders of HKD 345,266 for 2022, compared to HKD 923,116 in 2021, indicating a significant decline[24] - The group's revenue for 2022 was HKD 13.017 billion, a decrease of 25.1% from HKD 17.371 billion in 2021[34] - The group's gross profit was HKD 3.337 billion, down 12.9% from HKD 3.831 billion in the previous year[30] - The net profit attributable to shareholders was HKD 345 million, a significant decline of 62.6% compared to HKD 923 million in 2021[31] Dividends - Proposed final dividend per share is HKD 0.0224, with a payout ratio of approximately 40%[3] - The company proposed a final dividend of HKD 0.0224 per share for 2022, a decrease from HKD 0.0599 per share in 2021[23] - The board proposed a final dividend of HKD 0.0224 per share, maintaining a payout ratio of approximately 40%[31] - The board proposed a final dividend of HKD 0.0224 per share for the year ended December 31, 2022, subject to approval at the annual general meeting on June 14, 2023[61] Operational Metrics - Total cargo throughput reached 443 million tons, with container throughput at 19.83 million TEUs[3] - The container throughput for the group was 19.83 million TEUs in 2022, a decrease of 1.8% from 20.20 million TEUs in 2021[30] - The group achieved a total throughput of 24.103 million tons in bulk cargo, an increase of 1.0% compared to the previous year[37] - Revenue from bulk cargo handling was HKD 5.385 billion, representing a 4.4% increase year-on-year, with an 8.6% increase in RMB terms[37] - Revenue from container handling was HKD 1.999 billion, a decrease of 23.4% year-on-year, with a 20.3% decrease in RMB terms[41] - Sales business revenue fell to HKD 2.979 billion, down 56.0% year-on-year, primarily due to the sale of a subsidiary in August 2021[42] - Other port services revenue decreased by 6.1% to HKD 2.654 billion, attributed to a decline in business volume[44] Assets and Liabilities - Total assets decreased to HKD 42.211 billion from HKD 46.302 billion year-on-year[6] - Total liabilities decreased to HKD 12.557 billion from HKD 15.773 billion in the previous year[7] - Non-current assets decreased to HKD 31.983 billion from HKD 34.045 billion year-on-year[6] - Cash and cash equivalents amounted to HKD 7.958 billion as of December 31, 2022, a decrease from HKD 8.996 billion in 2021[52] - As of December 31, 2022, the total debt of the group was HKD 8.291 billion, a decrease from HKD 10.333 billion as of December 31, 2021[53] - The debt-to-equity ratio as of December 31, 2022, was 28.0%, down from 33.8% as of December 31, 2021[54] Financial Standards and Reporting - The application of the revised Hong Kong Financial Reporting Standard No. 12 resulted in the recognition of deferred tax assets and liabilities related to right-of-use assets and lease liabilities, with carrying amounts of HKD 359,577,000 and HKD 380,271,000 respectively as of December 31, 2022[13] - The group has not early adopted the newly issued and revised Hong Kong Financial Reporting Standards that are effective from January 1, 2023, and beyond, which are expected to have no significant impact on the consolidated financial statements[12] - The group applied the revised Hong Kong Financial Reporting Standard No. 3 for business combinations effective from January 1, 2022, with no impact on the consolidated financial statements for the current year[11] - The group is currently assessing the full impact of the revised standards on its financial reporting and operations[13] - The group has implemented the revised Hong Kong Accounting Standard No. 16, which pertains to the recognition of lease liabilities and right-of-use assets, effective from January 1, 2023[12] - The group expects that the newly issued and revised standards will not have a significant impact on the consolidated financial statements in the foreseeable future[12] Employee and Governance - The group had approximately 6,141 employees as of December 31, 2022, with compensation determined based on position, performance, and market conditions[59] - The company has complied with all provisions of the Corporate Governance Code, except for the attendance of the chairman at the annual general meeting held on June 15, 2022[64] - The Audit Committee consists of three independent non-executive directors as of December 31, 2022, with Zheng Zhipeng as the chairman[66] - The company has adopted the standard code for securities transactions by directors as per the listing rules[65] Future Outlook - The group aims for a GDP growth target of around 5% for 2023, focusing on stabilizing employment and improving ecological environment quality[32] - The group plans to enhance operational efficiency and strengthen cost control while promoting green and low-carbon development[32]

Financial Performance - Total cargo throughput for the first half of 2022 was 22.206 million tons, a slight decrease of 0.2% compared to 22.243 million tons in the same period of 2021[20]. - Container throughput for the first half of 2022 was 10.039 million TEUs, down 2.5% from 10.297 million TEUs in the first half of 2021[25]. - Revenue for the first half of 2022 was HKD 7,114 million, a decrease of 18.6% from HKD 8,742 million in the same period of 2021[15]. - Profit attributable to equity holders for the first half of 2022 was HKD 286 million, a decrease of 31.5% compared to HKD 418 million in the first half of 2021[20]. - The group's revenue for the first half of 2022 was HKD 7.114 billion, a decrease of 18.6% compared to the same period last year[28]. - The net profit for the period was HKD 771,526,000, a decrease of approximately 16.0% from HKD 918,740,000 in the previous year[49]. - Basic earnings per share for the period were HKD 0.046, down from HKD 0.068 in the same period of 2021[49]. - The profit for the period attributable to equity holders was HKD 286,096,000, down from HKD 417,579,000, reflecting a decline of 31.4%[77]. - Gross profit for the same period was HKD 1,716,640,000, down from HKD 1,960,676,000, reflecting a decline of about 12.4%[49]. - The company reported a significant increase in other income and gains, reaching HKD 151,825 in the first half of 2022, compared to HKD 129,761 in the first half of 2021[115]. Dividends - The company did not declare an interim dividend for the six months ended June 30, 2022[21]. - The group did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[75]. - The company declared a final dividend of HKD 5.99 per share for the year ended December 31, 2021, compared to HKD 4.13 per share for the previous year, an increase of 45.1%[74]. Assets and Liabilities - As of June 30, 2022, total assets were HKD 44.477 billion, down from HKD 46.302 billion at the end of 2021[38]. - Total liabilities decreased to HKD 14,344,744 thousand from HKD 15,773,059 thousand, a reduction of about 9.05%[52]. - The company's total equity as of June 30, 2022, was HKD 30,132,736 thousand, down from HKD 30,528,863 thousand at the end of 2021, a decrease of about 1.3%[53]. - The company's equity attributable to equity holders was HKD 13,676,399 as of June 30, 2022, down from HKD 14,436,389 at the end of 2021[116]. - The company's total borrowings amounted to HKD 9,213,737,000, a decrease of 10.8% from HKD 10,333,123,000 as of December 31, 2021[86]. - Total borrowings as of June 30, 2022, amounted to HKD 9,214,000,000, with an average borrowing rate of 4.4% for RMB loans and 1.9% for HKD loans[41]. Operational Highlights - The company plans to enhance smart port construction and upgrade traditional equipment to promote green port development[27]. - The company aims to improve production automation and service intelligence levels as part of its long-term sustainable development strategy[27]. - The company is focused on expanding its container and bulk cargo handling services in Tianjin Port, China, as part of its growth strategy[55]. - The company reported a net cash inflow from operating activities of HKD 1,495 million for the first half of 2022, compared to HKD 1,402 million in the same period of 2021[15]. - The group generated a net cash inflow from operating activities of HKD 1,495 billion, despite a net cash outflow from investing activities of HKD 2,259 billion[37]. Awards and Recognition - The company received two awards in 2022 for outstanding port operating services and cargo handling services, recognizing its innovation and practices in the international market[27]. Market Conditions and Outlook - The outlook for the remainder of 2022 remains cautious due to market conditions and ongoing economic challenges[117]. Employee and Governance - The group employed approximately 6,300 staff as of June 30, 2022, with a focus on performance-based compensation and training for productivity enhancement[43]. - The group has adhered to all provisions of the Corporate Governance Code except for the attendance of the chairman at the annual general meeting[101].

Financial Performance - Total cargo throughput for the first half of 2021 reached 22.243 million tons, a year-on-year increase of 10.8% compared to 20.082 million tons in 2020[9] - Container throughput amounted to 1.0297 million TEUs, representing a 20.1% increase from 857.2 thousand TEUs in the same period last year[15] - Revenue for the first half of 2021 was HKD 8.742 billion, up 38.3% from HKD 6.323 billion in 2020[6] - Profit attributable to shareholders was HKD 418 million, a significant increase of 90.0% compared to HKD 220 million in the previous year[10] - The gross profit for the first half of 2021 was HKD 1.961 billion, representing a 33.8% increase from HKD 1.466 billion in the previous year[27] - The net profit for the period was HKD 918,740,000, an increase of 54% compared to HKD 596,363,000 in the previous year[55] - The company reported a profit before tax of HKD 1,179,379,000 for the six months ended June 30, 2021, compared to HKD 805,703,000 for the same period in 2020, representing a growth of approximately 46.3%[79] - The company reported a basic and diluted earnings of HKD 417,579,000 for the six months ended June 30, 2021, compared to HKD 219,770,000 for the same period in 2020, representing an increase of approximately 90%[82] Revenue Breakdown - The revenue from bulk cargo handling was HKD 2.491 billion, up 27.4% year-on-year, primarily due to increased business volume[21] - The revenue from sales business reached HKD 3.552 billion, a significant increase of 66.9% year-on-year, driven by higher sales volume and prices[22] - Revenue from external customers for the cargo handling segment was HKD 3,902,451,000, up from HKD 3,194,080,000 in the previous year, marking an increase of about 22.2%[76] - Total segment revenue for the six months ended June 30, 2021, was HKD 9,020,847,000, an increase from HKD 6,595,495,000 for the same period in 2020, reflecting a growth of approximately 36.5%[74] Financial Position - Total assets as of June 30, 2021, were HKD 47.666 billion, slightly up from HKD 47.644 billion at the end of 2020[6] - The total liabilities decreased to HKD 17.989 billion from HKD 18.580 billion at the end of 2020, resulting in a debt ratio of 38.4%[39] - The company's total liabilities decreased to HKD 17,989,027 from HKD 18,579,908 at the end of 2020, indicating improved financial health[117] - Shareholders' equity increased to HKD 13,734,656 as of June 30, 2021, compared to HKD 13,482,458 at the end of 2020[117] Cash Flow and Investments - The company reported a net cash inflow from operating activities of HKD 1.402 billion, compared to HKD 1.277 billion in the previous year[6] - Cash and cash equivalents decreased by HKD 1.607 billion, with net cash inflow from operating activities at HKD 1.402 billion[33] - Capital expenditures for the first half of 2021 were HKD 307,000,000, primarily for new terminal and yard projects[44] - The company acquired property, plant, and equipment amounting to approximately HKD 307,274,000 for the six months ended June 30, 2021, compared to HKD 222,671,000 for the same period in 2020[83] Operational Efficiency and Future Plans - The group plans to enhance traditional equipment for energy-saving and emission reduction, aiming for a zero-carbon terminal[20] - The group is focusing on the application of 5G technology and automation operations to improve port intelligence to international standards[20] - The company plans to continue expanding its port services and enhancing operational efficiency to drive future growth[62] - The company is considering strategic acquisitions to bolster its market position, with a budget of up to HKD 300 million allocated for this purpose[121] Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2021[11] - The board has approved a dividend payout of HKD 0.05 per share, reflecting a commitment to returning value to shareholders[121] - The company has a major shareholder, Tianjin Port Overseas Holdings Limited, holding 53.5% of the issued share capital[114] Market and User Growth - User data showed a 20% increase in active users, reaching 500,000 by the end of the reporting period[120] - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[121] - New product launches are expected to contribute an additional HKD 200 million in revenue over the next six months[120] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[120]

Financial Performance - The company's revenue for the year ended December 31, 2020, was HKD 15,490 million, compared to HKD 15,077 million in 2019, marking an increase of 2.75%[9]. - Profit attributable to shareholders for the same period was HKD 636 million, up from HKD 388 million in 2019, representing a growth of 63.7%[9]. - Basic earnings per share for 2020 were HKD 0.103, compared to HKD 0.063 in 2019, indicating a year-on-year increase of 63.5%[9]. - The total revenue for the year was HKD 15.49 billion, an increase of 2.7% compared to the previous year[30]. - The profit before tax was HKD 1.797 billion, an increase of 18.5% from HKD 1.516 billion in 2019[23]. - Shareholders' profit for 2020 was HKD 636 million, a significant increase of 63.8% compared to HKD 388 million in 2019[23]. - Gross profit for 2020 was HKD 3.358 billion, with a gross margin of 21.7%, an increase of 0.3 percentage points from the previous year[34]. Cargo Throughput - The total cargo throughput for Tianjin Port Development Holdings Limited in 2020 was 421 million tons, an increase of 2.2% year-on-year[18]. - The total throughput of bulk cargo reached 228 million tons, up 2.7% year-on-year, while container throughput was 18.35 million TEUs, reflecting a growth of 6.3%[18]. - In 2020, Tianjin Port ranked as the seventh largest port in China by total cargo throughput and sixth by container throughput[18]. - In 2020, the total cargo throughput of the company reached 42.104 million tons, an increase of 2.2% compared to 41.183 million tons in 2019[22]. - The container throughput for 2020 was 1.835 million TEUs, representing a growth of 6.3% from 1.726 million TEUs in 2019[22]. - The total container throughput of the group exceeded 18.35 million TEUs in 2020, representing a year-on-year growth of 6.1%[56]. Financial Stability - The total assets of the company as of December 31, 2020, were HKD 47,644 million, an increase from HKD 44,813 million in 2019[10]. - The debt-to-equity ratio improved to 42.5% in 2020 from 50.7% in 2019, indicating better financial stability[10]. - As of December 31, 2020, the company's equity attributable to shareholders was HKD 13.482 billion, an increase from HKD 12.188 billion in 2019, with a net asset value per share of HKD 2.2 compared to HKD 2.0 in 2019[39]. - The total borrowings amounted to HKD 12.365 billion, down from HKD 13.433 billion in 2019, with an average borrowing rate of 3.8%, a decrease from 4.3% in the previous year[40]. Operational Efficiency - The company achieved significant progress in sustainable development, integrating green and low-carbon concepts into port operations, including the promotion of shore power and clean energy applications[52]. - The company improved the efficiency of container handling by 30% and reduced personnel input by 50% through the development of autonomous quay cranes[85]. - The group achieved a historical highest berthing efficiency of 270.3 TEUs per hour in November 2020, leading to the global first position in operational efficiency among the 2M Alliance[56]. - The electronic documentation rate for port container documents reached 94.4%, with a 100% direct collection ratio for waterless ports and a 99% online appointment ratio for port collection and distribution[88]. Environmental Initiatives - The company is committed to developing a green port to reduce energy consumption and greenhouse gas emissions, actively promoting shore power construction and energy-saving renovation projects[102]. - The total greenhouse gas emissions for the group in 2020 amounted to 427,512 tons of CO2 equivalent, with an emission density of 0.03 tons of CO2 equivalent per thousand HKD of revenue[108]. - The company has implemented a 100% shore power usage for its own port vessels, with a total power supply of 2.76 million kWh from 26 specialized berths by the end of 2020[95]. - The company has established an online monitoring system for wastewater discharge, providing real-time data to regulatory authorities[120]. Community Engagement - The company reported a significant focus on community investment, emphasizing contributions in areas such as education, environment, labor needs, health, culture, and sports[67]. - The group actively participated in community volunteer services during the COVID-19 pandemic, contributing to community health and safety[171]. - The company has a strong commitment to corporate social responsibility, focusing on ethical business practices and community welfare[67]. - The company aims to enhance its operational efficiency and market position through strategic investments and community engagement initiatives[67]. Employee Welfare and Safety - The total employee count at the end of 2020 was 7,637, with a gender ratio of approximately 4:1 and an employee turnover rate of 9%[128]. - The company achieved zero safety incidents and no work-related fatalities during the year[142]. - The company invested over RMB 91.4 million in safety protection equipment, new safety production technologies, and safety education[141]. - The company conducted 1,688 training sessions totaling 308,231 hours, covering 7,633 employees[137].

Financial Performance - Total cargo throughput for the first half of 2020 reached 20.08 million tons, a year-on-year increase of 1.4% compared to 19.80 million tons in 2019[9] - Container throughput amounted to 857.2 thousand TEUs, representing a 3.1% increase from 831.5 thousand TEUs in the same period last year[9] - Revenue for the first half of 2020 was HKD 6,323 million, down from HKD 7,086 million in 2019, reflecting a decrease of approximately 10.8%[7] - Operating profit for the first half of 2020 was HKD 865 million, slightly down from HKD 901 million in 2019[7] - Shareholders' profit attributable to the company was HKD 220 million, compared to HKD 273 million in the previous year, a decrease of 19.5%[7] - The gross profit for the first half of 2020 was HKD 1.466 billion, with a gross margin of 23.2%, an increase of 2.8 percentage points from 20.4% in the same period of 2019[22] - Sales revenue for the group in the first half of 2020 was HKD 2.128 billion, a decrease of 25.3% year-on-year, attributed to declines in both sales volume and prices[15] - The net profit attributable to joint ventures and associates was HKD 231 million, a decrease of 13.1% compared to the previous year[24] - Basic earnings per share for the period was HKD 3.6, down from HKD 4.4 in the same period last year[38] - The company reported a net profit attributable to equity holders of HKD 219,770 thousand, a decline of 19.5% from HKD 273,274 thousand in 2019[38] Cash Flow and Financial Position - The company reported a net cash inflow from operating activities of HKD 1,277 million, down from HKD 1,527 million in the previous year[7] - Cash and cash equivalents increased by HKD 215 million in the first half of 2020, with net cash inflow from operating activities amounting to HKD 1.277 billion[25] - The company's equity attributable to shareholders was HKD 12.144 billion, a slight decrease from HKD 12.188 billion as of December 31, 2019[26] - Total assets as of June 30, 2020, were HKD 42.979 billion, down from HKD 44.813 billion at the end of 2019, while total liabilities decreased to HKD 16.631 billion from HKD 18.310 billion[27] - The debt ratio improved to 44.4% from 50.7% in the previous year, indicating a stronger financial position[7] - The total borrowings amounted to HKD 11.709 billion, with an average borrowing rate of 4.0%, down from 4.3% at the end of 2019[30] - The company's trade payables as of June 30, 2020, were HKD 1,626,803, compared to HKD 1,696,951 as of December 31, 2019, indicating a reduction in liabilities[72] Operational Efficiency and Cost Management - The company continues to focus on cost management and operational efficiency to navigate the challenging market conditions[38] - Administrative expenses were HKD 678 million, a decrease of 3.5% year-on-year, with a focus on maintaining reasonable levels[23] - The average handling price for bulk cargo decreased by 9.9% to HKD 24.5 per ton compared to HKD 27.2 per ton in 2019[12] - The average handling price for container operations decreased by 19.9% year-on-year to HKD 218.8 per TEU, primarily due to changes in cargo structure and the consolidation of Tianjin Wuzhou[14] Strategic Initiatives and Future Outlook - The group aims to enhance automation and intelligence in container operations and is actively promoting the application of 5G technology[17] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[104] - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its portfolio[104] - The company aims to achieve a revenue growth target of 5% for the next fiscal year, supported by strategic initiatives and market opportunities[104] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[107] - The company is considering strategic acquisitions to enhance its service offerings, with a budget of HKD 200 million allocated for potential deals[107] COVID-19 Impact and Response - The company maintained stable growth in cargo handling despite the challenges posed by the COVID-19 pandemic[10] - The group has implemented a series of preventive measures in response to the COVID-19 pandemic, ensuring that business operations remain normal despite the global economic impact[89] Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2020[10] - The board has approved a dividend payout of HKD 0.05 per share, maintaining a consistent return to shareholders[107] - The company has not established any arrangements that would allow directors or their family members to benefit from purchasing shares or bonds of the company[97]

Financial Performance - Revenue for the first half of 2019 was HKD 7,086 million, down from HKD 7,496 million in 2018, reflecting a decrease of 5.5%[14] - Operating profit increased to HKD 946 million, up from HKD 869 million in the previous year, marking a growth of 8.9%[14] - The net profit attributable to shareholders was HKD 299 million, a decrease of 26.5% from HKD 406 million in the same period last year[14] - Total revenue for the six months ended June 30, 2019, was HKD 7,085,540, a decrease of 5.5% compared to HKD 7,495,582 for the same period in 2018[44] - Gross profit for the same period was HKD 1,443,451, down from HKD 1,558,498, reflecting a decrease of 7.4%[44] - Net profit for the period was HKD 666,697, a decline of 13.7% from HKD 773,141 in the previous year[44] - Basic earnings per share decreased to HKD 4.9 from HKD 6.6, representing a drop of 25.8%[44] Cargo and Container Throughput - The total cargo throughput for the first half of 2019 was 198.04 million tons, a year-on-year increase of 2.0% compared to 194.12 million tons in 2018[16] - The container throughput reached 8.315 million TEUs, representing a 6.7% increase from 7.791 million TEUs in the same period last year[16] - The total container throughput for the first half of 2019 was 831.5 million TEUs, an increase of 52.4 million TEUs or 6.7% compared to the same period in 2018[21] Financial Position - The debt-to-equity ratio improved to 54.9% from 59.7% in the previous year, indicating a stronger financial position[14] - As of June 30, 2019, total assets amounted to HKD 47.723 billion, an increase from HKD 45.471 billion as of December 31, 2018[34] - The group's total liabilities were HKD 20.970 billion as of June 30, 2019, compared to HKD 19.582 billion at the end of 2018, resulting in a debt ratio of 54.9%[35] - Total equity increased to HKD 26,753,163 from HKD 25,889,432, reflecting a growth of 3.3%[46] Expenses and Costs - The average handling price for bulk cargo was HKD 27.2 per ton, a decrease of 1.4% compared to HKD 27.6 per ton in 2018[19] - The average handling charge for container operations decreased by 2.4% year-on-year to HKD 273.0 per TEU, while the average handling charge in RMB increased by 3.6%[21] - Administrative expenses decreased by 6.3% to HKD 703 million compared to the previous year[30] - Financial expenses, excluding capitalized interest, were HKD 339 million, reflecting a 3.2% increase due to higher average borrowing costs[31] Investments and Acquisitions - The group acquired an 11.854% stake in Tianjin Wuzhou for RMB 173.88 million, increasing its total stake to 51.854%[38] - The group also acquired a 24.5% stake in Tianjin Dongfang Hailu for RMB 102.92 million, raising its total stake to 75.5%[38] - The acquisition of Tianjin Wuzhou International Container Terminal Co., Ltd. was completed on April 17, 2019, increasing the company's ownership from 40% to 51.854%[76] Cash Flow and Liquidity - The group's net cash inflow from operating activities was HKD 1.572 billion for the first half of 2019[33] - The net cash generated from operating activities for the six months ended June 30, 2019, was HKD 1,571,761, compared to HKD 1,627,094 for the same period in 2018[49] - The company reported a net cash inflow from investing activities of HKD 688,595 for the six months ended June 30, 2019, compared to HKD 207,222 in the previous year[49] Market and Economic Conditions - The overall economic growth in China was stable, with GDP growth at 6.3% during the first half of 2019[17] - The company continues to explore market expansion opportunities and new product development strategies to enhance future growth prospects[99] Strategic Initiatives - The group is focusing on integrating three container terminal companies to enhance operational efficiency and promote smart and green port construction[23] - The company is considering strategic acquisitions to enhance its service offerings, with a budget of up to HKD 200 million[102] - Operational efficiency improvements are expected to reduce costs by 8% in the upcoming year[101] Corporate Governance and Compliance - The group has complied with all provisions of the Corporate Governance Code as of June 30, 2019[84] - The independent auditor reviewed the interim financial statements for the six months ended June 30, 2019, in accordance with the relevant Hong Kong standards[83]