Financial Performance - Operating revenue for the first quarter reached RMB 4,549,917,189, representing an increase of 18.40% year-on-year[3] - Net profit attributable to shareholders was RMB 1,142,116,477, reflecting a growth of 4.75% compared to the same period last year[3] - Net cash flow from operating activities surged to RMB 672,894,920, a significant increase of 420.87% year-on-year[3] - Total operating revenue for Q1 2022 reached RMB 4,549,917,189, a 18.4% increase from RMB 3,842,722,470 in Q1 2021[17] - Net profit for Q1 2022 was RMB 1,356,940,467, up 6.5% from RMB 1,273,736,583 in Q1 2021[18] - The company reported a total comprehensive income of RMB 1,363,874,967 for Q1 2022, compared to RMB 1,273,736,583 in Q1 2021, indicating a growth of 7.1%[18] - Earnings per share for Q1 2022 was RMB 0.18, an increase from RMB 0.17 in Q1 2021[18] - Operating profit for Q1 2022 was RMB 1,694,066,049, up from RMB 1,569,875,328 in Q1 2021, reflecting a growth of 7.9%[39] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 60,685,743,476, showing a slight increase of 0.18% from the previous year[3] - Current assets decreased to CNY 19,480,766,007 from CNY 20,565,114,334, indicating a decline of approximately 5.3%[13] - Total liabilities decreased to CNY 20,530,315,025 from CNY 21,790,929,776, a reduction of about 5.8%[15] - The company's long-term investments rose to CNY 10,351,849,522 from CNY 10,015,353,289, an increase of approximately 3.4%[14] - The total equity of the company remains stable, reflecting a strong financial position despite fluctuations in assets and liabilities[15] - Total assets attributable to shareholders increased to RMB 36,077,177,576, up from RMB 34,923,279,817, representing a growth of 3.3%[16] - Non-current liabilities totaled RMB 5,696,626,732 as of March 31, 2022, compared to RMB 5,607,991,528 at the end of 2021, reflecting an increase of 1.6%[37] - The total equity attributable to shareholders increased to RMB 36,077,177,576 as of March 31, 2022, from RMB 34,923,279,817 at the end of 2021, representing a growth of 3.3%[38] Cash Flow - Cash and cash equivalents decreased by 39.33% to RMB 553,257,130 due to reduced deposits and increased investment in financial products[5] - The company reported a net decrease in cash and cash equivalents of RMB 3,430,926,274 during the period[21] - The net cash flow from financing activities was negative at RMB -1,873,760,890, indicating a cash outflow[21] - Cash inflow from operating activities for Q1 2022 was RMB 4,561,398,956, a 49.5% increase from RMB 3,048,021,907 in Q1 2021[41] - Total cash outflow from investing activities in Q1 2022 was RMB 3,389,082,777, significantly lower than RMB 7,519,253,989 in Q1 2021[42] - Net cash flow from investing activities for Q1 2022 was negative RMB 2,225,850,864, compared to negative RMB 6,691,772 in Q1 2021[42] - Cash inflow from financing activities in Q1 2022 was RMB 261,314,141, down from RMB 1,132,501,923 in Q1 2021[43] - Net cash flow from financing activities for Q1 2022 was negative RMB 1,873,760,890, slightly improved from negative RMB 1,908,731,458 in Q1 2021[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 57,195, with the largest shareholder holding 54.25% of the shares[6] - Shandong Port Qingdao Port Group Co., Ltd. is the largest shareholder, holding 3,521,347,000 shares, which accounts for 54.25% of the total shares[28] - The total number of shares held by the top ten unrestricted shareholders is 5,000,000,000, which includes significant holdings by state-owned and foreign entities[30] - The company has not disclosed any significant related party transactions among shareholders beyond those controlled by China COSCO Shipping Group[31] Research and Development - Research and development expenses increased significantly to RMB 14,610,661, compared to RMB 5,752,867 in the same period last year, reflecting a 154.5% rise[17] - There is an ongoing strategy to explore new technologies and products to improve service offerings and customer satisfaction[9] Strategic Focus - The company plans to focus on expanding its market presence and enhancing operational efficiency in the upcoming quarters[9] - The company is actively considering potential mergers and acquisitions to strengthen its market position and drive growth[9] - The company did not report any significant new product developments or market expansion strategies during this quarter[2]

Financial Performance - Qingdao Port International reported a net profit attributable to shareholders of RMB 1.2 billion for the fiscal year 2021, representing a year-on-year increase of 15%[27]. - The company's net profit attributable to shareholders was RMB 3.964 billion, an increase of 3.18% year-on-year[94]. - The company's operating revenue for 2021 was RMB 16.099 billion, an increase of RMB 2.88 billion or 21.8% compared to the previous year[103]. - Total profit for 2021 was RMB 5.784 billion, an increase of RMB 259 million or 4.7% year-on-year[104]. - The liquid bulk cargo segment accounted for 35.2% of total revenue in 2021, with revenue of RMB 2.153 billion, up 16.0% from 2020[105]. - The company's operating revenue for 2021 reached RMB 370.22 billion, an increase of RMB 42.27 billion or 12.9% compared to 2020[128]. - The gross profit for 2021 was RMB 292.76 billion, reflecting a growth of RMB 37.50 billion or 14.7% year-over-year[129]. - The profit from the holding company decreased to RMB 4.76 billion, a decline of RMB 0.07 billion or 1.5% due to last year's gains from the disposal of subsidiaries[130]. Operational Highlights - The company handled a total throughput of 25 million TEUs in 2021, marking a growth of 10% compared to the previous year[29]. - The total cargo throughput reached 568 million tons in 2021, representing a year-on-year growth of 5.6%[94]. - Container throughput reached 23.71 million TEUs, with a year-on-year increase of 7.8%[94]. - The company achieved a world record for automated container terminal efficiency at 52.1 natural boxes per hour in 2021[63]. - The company has established a smart aerial rail transportation system, marking a significant upgrade in port logistics and operations[78]. - The company has been recognized as the top port globally for berth efficiency by Hapag-Lloyd, enhancing its competitive edge in port services[75]. Strategic Initiatives - The company plans to expand its market presence by increasing its investment in logistics infrastructure by 20% in 2022[28]. - Qingdao Port International aims to enhance its service offerings by launching three new logistics products in the second half of 2022[30]. - The company is exploring potential acquisitions in the logistics sector to enhance its service capabilities and market share[28]. - The management provided a revenue guidance of RMB 5 billion for 2022, anticipating a growth rate of 8%[27]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 10% over the next three years[30]. - The company plans to accelerate the construction of the Northeast Asia International Shipping Hub Center in 2022[95]. Investments and Capital Expenditures - Major capital investments for the year amounted to RMB 2.468 billion, focusing on various port and storage projects[143]. - The company plans to invest approximately RMB 1,978.93 million in various projects, including RMB 1,000 million for general berths and supporting facilities, and RMB 200 million for smart upgrades at Qingdao Port[161]. - The company reported a net amount of approximately RMB 2.6 billion from the issuance of domestic shares, which will be used for port facility construction and logistics framework optimization[164]. - The company has completed the investment of all remaining funds from previous fundraising efforts, primarily for domestic terminal acquisitions[164]. Subsidiaries and Joint Ventures - Qingdao International Oil Port, a wholly-owned subsidiary, primarily engages in crude oil storage and logistics services since its establishment on June 28, 2020[46]. - Qingdao Port International Logistics, a wholly-owned subsidiary, focuses on cargo transportation and logistics services since its establishment on February 2, 2004[44]. - The company has established a wholly-owned subsidiary, Qingdao Port General Terminal Co., Ltd., focusing on cargo handling and related services since January 14, 2010[42]. - The company is actively expanding its logistics and port value-added services through various subsidiaries and joint ventures[44]. Challenges and Risks - The company anticipates challenges in 2022 due to ongoing pandemic impacts, economic pressures, and global supply chain disruptions, particularly in the container and dry bulk sectors[153]. - The company faces risks from macroeconomic fluctuations that could impact its operational performance due to global trade volatility[179]. - The company is dependent on the economic development of its main hinterland regions, including Shandong and Jiangsu, which could negatively affect operations if growth slows[180]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code as set out in Appendix 14 of the Hong Kong Listing Rules for the year ended December 31, 2021[168]. - The company has adopted a standard code of conduct for securities trading by directors and supervisors, confirming compliance for the year ended December 31, 2021[169]. - The company has been focusing on enhancing its auditing and compliance functions, ensuring transparency and accountability in financial reporting[194]. Employee and Community Engagement - The company trained nearly 300 employees in various national professional technical titles, with over 170 obtaining senior technician and technician qualifications in 2021[176]. - The company donated RMB 90,100 and organized voluntary donations of RMB 209,900, building 25 "Hope Houses" for children in need in 2021[177]. - The company achieved a total of approximately 470,000 seasonal flowers planted in the port area to enhance the environment in 2021[175].

Financial Performance - The company achieved operating revenue of CNY 16.10 billion in 2021, an increase of 21.78% compared to CNY 13.22 billion in 2020[16]. - Net profit attributable to shareholders was CNY 3.96 billion, up 3.18% from CNY 3.84 billion in the previous year[16]. - The net cash flow from operating activities decreased by 23.60% to CNY 2.75 billion, down from CNY 3.60 billion in 2020[16]. - The company's total assets increased by 5.94% to CNY 60.58 billion at the end of 2021, compared to CNY 57.18 billion at the end of 2020[16]. - Basic earnings per share rose to CNY 0.61, a 3.39% increase from CNY 0.59 in 2020[17]. - The weighted average return on equity was 11.67%, a decrease of 0.5 percentage points from 12.17% in 2020[17]. - The company reported a quarterly revenue of CNY 3.84 billion in Q1 2021, CNY 4.09 billion in Q2, CNY 4.22 billion in Q3, and CNY 3.95 billion in Q4[19]. - The company achieved operating revenue of 16.099 billion RMB, a year-on-year increase of 21.78%[30]. - Net profit attributable to shareholders reached 3.964 billion RMB, reflecting a year-on-year growth of 3.18%[30]. Dividend Distribution - The company plans to distribute approximately 50% of the distributable profit of CNY 332,794.50 million for 2021, amounting to CNY 166,431.80 million in cash dividends, which represents about 42% of the net profit attributable to shareholders[4]. - The total share capital of the company is 6,491,100,000 shares, with a proposed cash dividend of CNY 2.564 per 10 shares[4]. - The company has established a dividend policy ensuring that annual cash dividends will not be less than 40% of the distributable profit for the year, subject to certain conditions[115]. - The company plans to implement a three-year shareholder dividend return plan for 2022-2024[78]. Risk Management - There are no significant risks such as stock delisting or bankruptcy reported during the period[6]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[5]. - The company has outlined potential market, industry, operational, and pandemic-related risks in its management discussion[6]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements[5]. - The company recognizes the risks associated with macroeconomic fluctuations, regional economic dependencies, and potential adjustments in port fee structures[71]. Operational Efficiency - Operating costs increased by 29.08% to 8.488 billion RMB, primarily due to increased business volume and rising freight costs[31]. - Research and development expenses surged by 309.89% to 201.78 million RMB, driven by accelerated smart green port construction and increased participation in national and local research projects[31]. - The liquid bulk handling and supporting services segment saw a revenue increase of 40.88%, attributed to new pipeline operations and changes in local refinery raw material structures[35]. - The logistics and port value-added services segment reported a revenue growth of 34.20%, driven by increased freight forwarding business volume and rising freight rates[35]. - The gross profit margin for container handling and supporting services improved by 8.68 percentage points to 71.53%[34]. Strategic Initiatives - The company plans to expand its logistics and port value-added services, which contributed significantly to revenue growth in 2021[17]. - The company aims to enhance its core competitiveness through strategic cooperation with key clients and expanding logistics services[27]. - The company is actively involved in national strategies such as the "Belt and Road Initiative" and the Shandong Free Trade Zone[24]. - The company aims to achieve a balance of quantity and efficiency in its operations to create greater value for shareholders and society[68]. - The company is exploring potential acquisitions to enhance its logistics capabilities, with a budget of 300 million RMB allocated for this purpose[83]. Environmental Responsibility - The company has committed to environmental responsibilities, being listed as a key pollutant discharge unit in Qingdao[124]. - The company has implemented a "carbon peak and carbon neutrality" port construction plan, outlining a timeline and key tasks for achieving these goals[133]. - The company has achieved zero emissions of non-methane total hydrocarbons from its oil loading operations in 2021[126]. - The company has initiated a project to replace port machinery with clean energy, including the introduction of electric traction vehicles[133]. - The company has received recognition as a "2021 Most Influential Green Enterprise Brand" at the Green Development Forum[133]. Governance and Compliance - The company has a structured internal control framework that aligns with regulatory requirements and is designed to enhance risk management capabilities[119]. - The company emphasizes the protection of minority shareholders' rights and has established clear communication channels for them to express their opinions[117]. - The company has maintained compliance with accounting policies and has no significant changes or errors to report[146]. - The company has established a dedicated leadership team to monitor and address competition issues with its controlling shareholders[75]. - The company will ensure compliance with legal and regulatory requirements while maintaining shareholder interests, particularly for minority shareholders[76]. Human Resources and Training - The total number of employees in the parent company and major subsidiaries is 9,218, with 3,997 in the parent company and 5,221 in major subsidiaries[110]. - The company implemented a performance-based salary system, with employee compensation linked to company performance and productivity[111]. - In 2021, the company trained nearly 300 employees in various professional technical qualifications and over 170 employees obtained senior technician qualifications[112]. - The company conducted 74 training sessions covering 17 topics, achieving a 100% training coverage rate among employees[113]. Shareholder Structure - The largest shareholder, Shandong Port Qingdao Port Group Co., Ltd., holds 3,522,179,000 shares, representing 54.26% of the total shares[184]. - The company has a total of 6,562,000 shares lent out under a securities lending program, which does not involve a transfer of ownership[187]. - The total number of ordinary shareholders at the end of the reporting period is 58,381, an increase from 58,282 at the end of the previous month[183]. - The company has no significant changes in its controlling shareholder during the reporting period[191]. Financial Activities - The company has issued corporate bonds totaling CNY 1,500,000,000 and CNY 2,000,000,000, both of which were redeemed in 2021[182]. - The company has consistently paid interest and redemption amounts for both phases of the bonds on time from 2017 to 2020[200]. - The company reported a total of 0 in overdue guarantees, indicating compliance with all obligations[170]. - The company has no overdue amounts in its entrusted loans, and no impairment provisions have been made[177].

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[2]. - Revenue for the six months ended June 30, 2021, was RMB 7.933 billion, an increase of RMB 1.861 billion or 30.6% compared to the same period last year[26]. - Net profit attributable to shareholders for the six months ended June 30, 2021, was RMB 2.166 billion, up RMB 153 million or 7.6% year-on-year[29]. - The group achieved a 27.7% increase in operating revenue for the holding company, reaching RMB 1,906.94 million, driven by increased handling income from various cargo types[45]. - The liquid bulk handling segment reported a 60.3% increase in operating revenue, totaling RMB 1,663.45 million, primarily due to the expansion of liquid bulk handling and transportation services[50]. - The group reported a significant increase in cash inflows from operating activities, totaling RMB 7,684,830,155, an increase of 28.5% compared to RMB 5,973,352,678 for the same period in 2020[139]. - The net profit for the six months ended June 30, 2021, was RMB 2,525,729,905, compared to RMB 2,318,709,527 for the same period in 2020, representing an increase of approximately 9%[146]. Operational Highlights - Container throughput reached 1.5 million TEUs, an increase of 10% compared to the same period last year[2]. - The group achieved a world record for container terminal efficiency with an average operational efficiency of 52.1 natural boxes per hour[14]. - The group's cargo throughput reached 28.749 million tons for the six months ended June 30, 2021, representing a year-on-year increase of 9.3%[23]. - The group completed an operational volume of 1.515 million TEUs in the first half of 2021, representing a year-over-year increase of 19.2%[58]. - The group expanded its container shipping routes by adding 15 new routes, resulting in a 15% year-on-year increase in transshipment container volume[42]. Strategic Initiatives - The company plans to expand its terminal capacity by 20% over the next two years to accommodate growing demand[2]. - A new liquid chemical terminal is under development, expected to be operational by Q4 2022, with an estimated investment of RMB 300 million[2]. - The company is investing in digital transformation initiatives, allocating RMB 50 million for technology upgrades in 2021[2]. - The management highlighted a strategic focus on sustainability, aiming for a 30% reduction in carbon emissions by 2025[2]. - The company is exploring potential mergers and acquisitions to strengthen its market position in the Asia-Pacific region[2]. Market Conditions - In the first half of 2021, China's GDP grew by 12.7% year-on-year, compared to an average growth of 5.3% in the same period over the past two years[21]. - The total import and export volume of goods in the first half of 2021 increased by 27.1% year-on-year, with exports rising by 28.1% and imports by 25.9%[21]. - The total trade structure continues to optimize, reflecting the positive market outlook and recovery in port production[21]. Financial Position - As of June 30, 2021, total assets amounted to RMB 57.15 billion, a slight decrease from RMB 57.18 billion at the end of 2020[125]. - Total liabilities decreased to RMB 19.71 billion from RMB 20.44 billion, indicating a reduction of approximately 3.6%[126]. - Shareholders' equity increased to RMB 37.44 billion from RMB 36.74 billion, representing a growth of about 1.9%[128]. - The company's cash and cash equivalents decreased to RMB 6.66 billion from RMB 8.55 billion, a decline of approximately 22.1%[125]. Investment Activities - The company completed its initial public offering of A-shares, raising approximately RMB 1.97893 billion, with net proceeds allocated to various projects including RMB 1 billion for the general berth and supporting facilities project[108]. - The company announced a major capital investment of RMB 620 million in projects including the Dongjiakou Port and related pipeline engineering[85]. - The company is in the process of acquiring 40.8% and 10.2% stakes in Haiye Oil Terminal and Yiruiyuan Trading, with transaction values of RMB 1.048 billion and RMB 261.9 million, respectively[88]. Shareholder Information - As of June 30, 2021, the company had issued 6,491,100,000 shares, with A-shares and H-shares accounting for 83.07% and 16.93% of total share capital, respectively[80]. - The company’s major shareholders include entities with significant control, such as China COSCO Shipping Group and China COSCO Shipping Co., Ltd.[123]. - The public shareholding of the company is at least 16.62%, meeting the Hong Kong listing rules[123]. Risk Management - The company is committed to optimizing internal control systems and enhancing safety management to reduce operational risks[98]. - As of June 30, 2021, the company had no significant contingent liabilities or asset pledges[92][93]. Corporate Governance - The company appointed new executives, including Mr. Li Wucheng as non-executive director and vice chairman on August 18, 2021[104]. - The company appointed Ms. Sun Hongmei as the board secretary and authorized representative effective September 15, 2021[105]. - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2021[106].

Financial Performance - The company achieved operating revenue of 7,933,081,653 RMB in the first half of the year, a year-on-year increase of 30.65% compared to 6,072,103,452 RMB in the same period last year[18]. - Net profit attributable to shareholders was 2,165,995,532 RMB, reflecting a growth of 7.61% from 2,012,822,439 RMB in the previous year[18]. - Basic earnings per share increased to 0.33 RMB, up 6.45% from 0.31 RMB in the same period last year[17]. - The weighted average return on equity was 6.41%, a slight decrease of 0.05 percentage points from 6.46% in the previous year[17]. - The company reported a total asset value of 57,153,076,757 RMB, showing a minor decrease of 0.04% compared to the previous year[18]. - The company reported a net profit of 2,089,925,825 RMB for the first half of 2021, representing an 8.36% increase compared to 1,928,621,902 RMB in the same period last year[107]. - The company's debt-to-asset ratio decreased by 1.25 percentage points to 34.49% due to the repayment of maturing corporate bonds amounting to 2.174 billion RMB[107]. - The interest coverage ratio improved to 38.93, up 29.29% from 30.11 in the previous year, attributed to an increase in total profit by 274 million RMB and a decrease in interest expenses by 16 million RMB[107]. Cash Flow - The net cash flow from operating activities decreased by 55.36%, amounting to 468,223,094 RMB, primarily due to a net cash outflow of 10,380,000 RMB in procurement activities compared to the previous year[18]. - The company's cash flow from operating activities for the first half of 2021 was CNY 7,528,043,467, significantly higher than CNY 5,777,880,636 in the same period of 2020, marking an increase of 30.3%[122]. - The company's cash and cash equivalents at the end of the period were ¥4,483,927,318, down from ¥6,359,577,827 at the end of the previous year[124]. - Net cash flow from investment activities was ¥1,051,800,387, a significant recovery from a negative cash flow of ¥158,417,963 in the same period last year[123]. - Financing cash inflow reached ¥2,032,231,229, up from ¥1,880,870,258 year-over-year[124]. - Net cash flow from financing activities was -¥3,103,304,352, a decline from a positive cash flow of ¥1,449,706,620 in the previous year[124]. Investments and Acquisitions - The company has increased its research and development expenses by 80.6% to 119.32 million RMB, focusing on the construction of a green smart port[32]. - The company acquired a 49% stake in Qingdao Port General Terminal Co., Ltd., which has now become a wholly-owned subsidiary[40]. - The company has pre-paid 261,903,564 RMB as a deposit for the acquisition of a 51% stake in Qingdao Haiye Oil Terminal Co., Ltd., with an outstanding payment of 1,047,614,256 RMB[40]. - The company acquired 51% equity in Shandong Port Construction for RMB 183.4878 million, with the transaction still pending completion[83]. - The company acquired 100% equity in Tongbao Shipping for RMB 36.656 million, with the transaction also pending completion[84]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,454[99]. - The largest shareholder, Qingdao Port (Group) Co., Ltd., held 3,522,179,000 shares, representing 54.26% of the total shares[100]. - The second-largest shareholder, Shanghai Zhonghai Terminal Development Co., Ltd., held 1,099,025,000 shares, accounting for 16.93%[100]. - The third-largest shareholder, Maersk (Qingdao) Co., Ltd., held 1,015,520,000 shares, representing 15.64%[100]. - No changes occurred in the company's total share capital and structure during the reporting period[96]. Environmental and Social Responsibility - The company was listed as a key pollutant discharge unit by Qingdao City in the first half of 2021[54]. - The company disposed of 1.42 tons of hazardous waste (waste paint buckets and brushes) and 27.94 tons of oil sludge through qualified professional units[54]. - The company has implemented a project to construct a hybrid tugboat, promoting cleaner energy usage in port operations[65]. - The company has engaged a third-party environmental management firm to conduct inspections on 14 key units to enhance pollution control measures[65]. - The company has allocated 6.19 million RMB for 21,000 "Luzhang Family" meat gift packages to support poverty alleviation efforts in Tibet[68]. Risk Management - There are no significant risks such as stock delisting or bankruptcy reported during the period[4]. - The company has detailed descriptions of market, industry, and operational risks in the management discussion and analysis section[4]. - The company faces risks related to macroeconomic fluctuations, which could impact its operational performance due to the port industry's dependence on the national economy[45]. - The company is actively expanding its diversified development space and enhancing its logistics services to mitigate risks from potential adjustments in port fee structures[46]. Corporate Governance - The company has ensured that all board members attended the board meeting, confirming the accuracy and completeness of the report[2]. - The financial report for the half-year period has not been audited[2]. - The company held one shareholder meeting during the reporting period, which took place on June 28, 2021[48]. - Yin Jian was appointed as the Deputy General Manager on March 29, 2021, with a term ending at the conclusion of the third board of directors' term[49]. Financial Reporting and Compliance - The company’s financial report was approved by the board of directors on August 26, 2021[140]. - The company’s financial statements are prepared based on the going concern principle[144]. - The company’s accounting policies and estimates comply with the requirements of the accounting standards, ensuring a true and complete representation of its financial status[144]. - The company has no overdue bonds or any risk of termination of bond trading[105]. - The company did not issue any convertible bonds during the reporting period[108].

2021 年第一季度报告 公司代码：601298 公司简称：青岛港 债券代码：136472 债券简称：16 青港 02 青岛港国际股份有限公司 2021 年第一季度报告 1 / 20 2021 年第一季度报告 í = 、 líl 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 | 2 / 20 2021 年第一季度报告 2.1 主要财务数据 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准 确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人贾福宁、主管会计工作负责人樊西为及会计机构负责人（会计主管人 员）刘永霞保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 | --- | --- | --- | --- | |---------------------------------------- ...

Financial Performance - Qingdao Port International reported a net profit of RMB 1.2 billion for the fiscal year 2020, representing a year-on-year increase of 15%[3] - The company's gross profit for 2020 was RMB 4,731,817,000, an increase of 18.7% from RMB 3,985,390,000 in 2019[51] - The net profit attributable to shareholders was RMB 3,841,863,000 in 2020, compared to RMB 3,790,143,000 in 2019, reflecting a slight increase of 1.4%[51] - The company achieved operating revenue of RMB 13.22 billion for the year ended December 31, 2020, an increase of RMB 1.05 billion, representing a growth of 8.7% compared to the previous year[67] - Total profit amounted to RMB 5.53 billion, an increase of RMB 398 million, reflecting a growth of 7.8% primarily due to the profit increase in the liquid bulk cargo handling segment[69] - The company's weighted average return on equity was 12.17% in 2020, down from 12.94% in 2019[53] - The company reported an investment income of RMB 1,550,902,000 in 2020, which is an increase from RMB 1,492,273,000 in 2019[51] - The company’s profit from the liquid bulk segment increased by 75.9% to RMB 1,513.27 million in 2020, up from RMB 860.37 million in 2019[87] Operational Efficiency - The company handled a total throughput of 1.5 million TEUs in 2020, which is a 10% increase compared to the previous year[3] - The company achieved a record single-machine operational efficiency of 47.6 natural boxes per hour at its automated container terminal in 2020, setting a world record[49] - The company is focusing on expanding its service offerings in the liquid bulk cargo sector, anticipating a 15% increase in this segment's revenue[3] - The company is advancing the construction of a national-level technology center and has established an automated container terminal standard system, continuously breaking world records in operational efficiency[63] - The company plans to enhance its infrastructure capacity, with new terminal throughput capacity of 30.95 million tons per year and liquid bulk storage capacity of 2.96 million cubic meters added[63] Strategic Development - Future outlook indicates a projected growth in container throughput by 8% in 2021, driven by increased demand in the domestic market[3] - The company plans to invest RMB 500 million in new technology and infrastructure development to enhance operational efficiency[3] - Qingdao Port International is exploring potential acquisitions to expand its market presence, particularly in Southeast Asia[3] - The company aims to enhance its market position by increasing its container handling capacity and improving operational efficiency[12] - The company is focused on strategic development and has established a dedicated committee to oversee this initiative[20] Market Expansion - User data shows a 20% increase in the number of active clients utilizing the port's logistics services in 2020[3] - The company expanded its international shipping routes by adding 14 new foreign trade routes, enhancing its market presence in Southeast Asia, the Middle East, and Europe[78] - The company maintained its leading position in coastal ports with a total of 1.65 million TEUs in sea-rail intermodal transport, expanding its logistics network across the country[78] - The company is focused on expanding its logistics services and enhancing its inland port construction to provide comprehensive logistics solutions[146] Corporate Governance - The company is committed to maintaining compliance with the Securities and Futures Ordinance in Hong Kong[12] - The company has engaged PwC as its auditor to ensure financial transparency and accuracy[22] - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2020[131] - The company emphasizes the importance of governance and compliance, with independent directors and audit committees in place to ensure transparency[151] - The management team includes individuals with qualifications such as CPA and advanced degrees in finance and accounting, ensuring financial expertise[154][156] Environmental and Social Responsibility - The company is committed to green development and has implemented various environmental protection measures, including the application of photovoltaic and wind power technologies[138] - The company donated RMB 1 million for COVID-19 pandemic relief and RMB 192,000 for building "Hope Houses" for children in Qingdao and Heze[142] - A total of 1,336 trees, over 200,000 shrubs, and 70,000 seasonal flowers were planted across four major port areas in 2020[138] - The company has received a 4-star rating for green port status from its joint venture QQCTU[138] Human Resources and Training - As of December 31, 2020, the group employed 8,981 employees, with a compensation policy linked to company performance and labor productivity[117] - Employee training coverage reached 100%, with an average of over 32 hours of training per employee annually[139] - The company trained 300 employees to obtain various national professional technical titles in 2020, with 209 achieving senior technician and technician qualifications[139] Financial Management - The company reported a significant increase in short-term loans issued, totaling RMB 1.44 billion, compared to RMB 0.57 billion in the previous year[99] - Long-term loans issued rose to RMB 3.31 billion, up from RMB 1.53 billion in the previous year[99] - The company has a structured approach to management with designated committees for audit, remuneration, and nomination, ensuring thorough oversight[152][156] - The company has a profit distribution policy that includes cash dividends of no less than 40% of the distributable profits for the year, subject to certain conditions[164] Risks and Challenges - The company faces risks related to macroeconomic fluctuations and regional economic dependencies, which could impact its operational performance[143][145] - The company has experienced over 30 years of management experience in the port industry among its senior executives, indicating strong leadership[157][158] - The company has faced major risks and uncertainties, which are discussed in the annual report[161]

Financial Performance - In 2020, the company's operating revenue reached CNY 13.22 billion, an increase of 8.68% compared to CNY 12.16 billion in 2019[18]. - The net profit attributable to shareholders was CNY 3.84 billion, reflecting a slight increase of 1.36% from CNY 3.79 billion in the previous year[18]. - The net cash flow from operating activities was CNY 3.60 billion, showing a significant increase of 21.54% compared to CNY 2.97 billion in 2019[18]. - The company's total assets at the end of 2020 were CNY 57.18 billion, up from CNY 52.79 billion at the end of 2019[18]. - The basic earnings per share remained stable at CNY 0.59, unchanged from 2019[19]. - The weighted average return on equity decreased to 12.17%, down 0.77 percentage points from 12.94% in 2019[19]. - The company reported a total of CNY 128.41 million in non-recurring gains and losses for 2020, compared to CNY 123.35 million in 2019[22]. - The gross profit margin for the liquid bulk cargo handling segment increased by 3.85 percentage points to 76.75%[38]. - The company reported a net credit impairment loss of RMB -93,152,905, worsening from RMB -26,902,470 in 2019[200]. - The gross profit margin for 2020 was approximately 29.5%, compared to 32.5% in 2019[200]. Dividend Distribution - The company plans to distribute cash dividends of 2.622 CNY per 10 shares, totaling approximately 170.20 million CNY, which represents 44.30% of the net profit attributable to shareholders for 2020[4]. - The total distributable profit for 2020 is approximately 327.37 million CNY, with 52% allocated for dividends[4]. - The company has established a cash dividend policy ensuring that annual cash dividends will not be less than 40% of the distributable profits, contingent on meeting specific financial conditions[64]. Operational Highlights - In 2020, the company achieved a cargo throughput of 540 million tons, representing a year-on-year increase of 4.5%[33]. - The container throughput reached 22.01 million TEU, with a growth of 4.7% compared to the previous year[33]. - The liquid bulk cargo throughput was 100 million tons, also increasing by 4.6% year-on-year[34]. - The company processed increased revenues from liquid bulk cargo handling and related services, as well as from metal ores and coal handling[19]. Investments and Acquisitions - The company established a wholly-owned subsidiary, Qingdao Port International Oil Port Co., Ltd., with a registered capital of ¥100 million[53]. - The company acquired 90% of Qingdao Hongxing Logistics for RMB 149.5 million and an additional capital injection of RMB 30 million during the reporting period[54]. - The company engaged in a significant equity transfer agreement, transferring 49% of its equity to Shandong Port Group, while maintaining control through Qingdao State-owned Assets Supervision and Administration Commission[97]. Risk Management - The company has confirmed that there are no significant risks such as stock delisting or bankruptcy during the reporting period[6]. - The company is exposed to risks from macroeconomic fluctuations, which can significantly impact its operations due to the port industry's close ties to the national economy[62]. - The company has faced risks related to potential adjustments in port fee structures, which could impact its operational performance[62]. Corporate Governance - The company maintained compliance with corporate governance regulations, with no significant violations reported during the period[149]. - The board of directors had a high attendance rate, with key members attending all scheduled meetings[153]. - The company has a structured compensation management approach that includes basic, performance, and incentive pay linked to key performance indicators[164]. Environmental Initiatives - The company has implemented a series of environmental protection initiatives, including the development of a smart green port construction plan and the establishment of 56 key tasks for green port infrastructure[105]. - The company has achieved a 4-star rating in the green port evaluation for its subsidiary QQCTU, indicating significant progress in environmental standards[105]. - The company has introduced 3 hydrogen-powered trucks and modified 5 hydrogen-powered cranes for port operations, demonstrating a commitment to clean energy applications[105]. Employee Management - The total number of employees in the parent company is 4,419, and in major subsidiaries, it is 4,562, resulting in a total of 8,981 employees[143]. - The average training time for employees exceeded 32 hours per year, with a training coverage rate of 100%[147]. - The company provides various social insurances, including pension, medical, unemployment, work injury, and maternity insurance, along with additional benefits like high-temperature and heating subsidies[146]. Future Outlook - The company anticipates stable growth in container import and export demand, with a recovery in throughput expected in 2021[60]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to $1.65 billion[126]. - The company plans to implement advanced technologies such as 5G and blockchain to improve operational efficiency and establish a smart port[61].