遠航港口發展有限公司 OCEAN LINE PORT DEVELOPMENT LIMITED (於開曼群島註冊成立的有限公司) 股份代號 : 8502 中期報告 2024 香港聯合交易所有限公司 (「聯交所」) GEM 的特色 GEM 的定位,乃為中小型公司提供一個上市的市場,此等公司相比起其他在聯交所 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險, 並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司,在GEM 買賣的證券可能會較於主板買賣之證 券承受較大的市場波動風險,同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告的內容概不負責,對其準確性或完整 性亦不發表任何聲明,並明確表示,概不就因本報告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 | --- | |---------------------------------------------------------------------------------| | | | 本報告乃遵照GEM證券上市規則([GEM上市規則)而 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 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 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 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的有限公司） （股份代號：8502） 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的 特 色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他 在 聯 交 所 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 的 考 慮 後 方 作 出 投 資 決 定。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司，在GEM買 賣 的 證 ...

Operating Performance - The company maintained stable operating performance despite adverse market conditions, with cargo throughput, operating revenue, and profit remaining relatively stable[6]. - In 2023, the total cargo throughput was 27.8 million tons, a decrease of 4.4% from 29.1 million tons in 2022[12]. - Container throughput reached 19,199 TEUs, an increase of 54.3% compared to 12,446 TEUs in 2022[12]. - Total revenue for 2023 was RMB 173.6 million, down 7.4% from RMB 187.4 million in 2022[12]. - The profit for 2023 was RMB 81.1 million, a decrease of 7.3% from RMB 87.5 million in 2022[12]. - The revenue from bulk cargo and general cargo services was RMB 145.8 million, a decrease of 10.2% from RMB 162.4 million in 2022[19]. - Revenue from container services increased by 59.5% to RMB 3.5 million from RMB 2.2 million in 2022[19]. - The gross profit for 2023 was RMB 111.1 million, a decrease of 3.5% from RMB 115.1 million in 2022, while the gross margin improved to 64.0%[22]. Safety and Environmental Compliance - The company reported no significant safety or environmental incidents throughout the year, maintaining all indicators within the set control range[9]. - The company has established an environmental protection and safety department led by a senior manager to oversee compliance with environmental regulations[184]. - The company has obtained all necessary local and national permits, including port operation licenses and hazardous cargo operation certificates[184]. - The company has adhered to all relevant environmental regulations, including the Water Pollution Prevention Law and the Air Pollution Prevention Law of the People's Republic of China[184]. - The company has not been involved in any confirmed violations related to environmental protection that would significantly impact its operations[184]. Strategic Initiatives - The company initiated the dedicated railway line project as part of the multi-modal transport demonstration project, establishing three new companies to advance port and railway construction[7]. - The company plans to focus on innovation and transformation in 2024, marking it as a crucial year for the comprehensive construction of the dedicated railway line[9]. - The company plans to enhance logistics services and infrastructure, including the initiation of a dedicated railway project to improve port connectivity in 2024[17]. Financial Management - The group's income tax expense for the year ended December 31, 2023, was approximately RMB 17.0 million, a decrease of RMB 3.2 million or about 15.8% compared to RMB 20.2 million in 2022[25]. - The net profit for the year was approximately RMB 81.1 million, maintaining a net profit margin of 46.7%, consistent with the previous year[26]. - As of December 31, 2023, the net book value of property, plant, and equipment was approximately RMB 400.3 million, down from RMB 417.4 million in 2022, primarily due to depreciation expenses of RMB 23.4 million[27]. - The group's bank and cash balance was approximately RMB 301.6 million as of December 31, 2023, an increase from RMB 288.8 million in 2022[28]. - The company did not recommend the payment of dividends for the year[32]. Corporate Governance - The company has confirmed compliance with relevant laws and regulations, with no significant non-compliance events reported for the year ending December 31, 2023[99]. - The company has adopted a board diversity policy, aiming for at least one board member of a different gender and at least one member with accounting or other professional qualifications[121]. - The company has maintained compliance with the corporate governance code and has not deviated from the applicable provisions during the reporting period[113]. - The board consists of six directors, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse skill set and experience relevant to the group's business management[110]. - The independent non-executive directors possess valuable experience and expertise in legal, accounting, or business auditing fields, providing neutral opinions and independent judgments[113]. Environmental, Social, and Governance (ESG) Initiatives - The company’s ESG report outlines strategies and performance in environmental and social aspects for the fiscal year 2023, covering operations at Jiangkou and Niutoushan terminals[166][167]. - The company has established an ESG working group to assist the board in monitoring and promoting the implementation of ESG strategies[173]. - The company focuses on maintaining close communication with stakeholders to enhance its sustainable development strategies[177]. - The company aims to create long-term value for all stakeholders and the communities in which it operates[173]. Energy and Emissions Management - Total greenhouse gas emissions for the year amounted to 8,789,957.17 kg CO2 equivalent, an increase of 14.6% from 7,669,569.20 kg CO2 equivalent in the previous year[189]. - The company aims to maintain or reduce total greenhouse gas emissions density in the upcoming year, using 2023 as the baseline year[189]. - The company is gradually replacing high-emission diesel-powered port transport machinery with electric alternatives[189]. - The company has implemented energy-saving measures such as turning off unused lighting and equipment to reduce energy consumption[196]. - Water consumption for domestic use was recorded at 27,587.00 cubic meters in 2023, slightly up from 27,252.33 cubic meters in 2022, reflecting a 1.23% increase[200].

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 173,583,000, a decrease of 7.4% compared to RMB 187,377,000 in 2022[2] - Net profit attributable to the company for the year was RMB 59,140,000, down 7.7% from RMB 64,092,000 in the previous year[2] - Overall profit for the year was RMB 81,083,000, reflecting a decline of 7.3% from RMB 87,453,000 in 2022[2] - Revenue for the period was 173,583 million, compared to 187,377 million in the previous period, reflecting a decrease of approximately 7.6%[26] - Gross profit decreased to 111,109 million from 115,133 million, indicating a decline of about 3.5%[26] - Net income attributable to the company was 59,140 million, down from 64,092 million, representing a decrease of approximately 7.5%[28] - Basic and diluted earnings per share decreased to 7.39 from 8.01, a decline of about 7.8%[28] - The gross profit for the year ended December 31, 2023, decreased to approximately RMB 111.1 million, primarily due to a 4.4% reduction in cargo throughput[81] - The company recorded a profit of approximately RMB 81.1 million for the year, with a net profit margin of 46.7%, consistent with the previous year's margin[115] Assets and Liabilities - Total assets decreased to 683,356 million from 662,161 million, showing an increase of approximately 3.0%[29] - Non-current assets, including property, plant, and equipment, decreased to 400,307 million from 417,373 million, a decline of about 4.1%[29] - Current liabilities decreased to 148,946 million from 150,995 million, reflecting a decrease of approximately 1.4%[29] - Cash and cash equivalents increased to 299,267 million from 253,465 million, an increase of about 17.9%[29] - The net book value of property, plant, and equipment as of December 31, 2023, was approximately RMB 400.3 million, a decrease from RMB 417.4 million in 2022[84] - As of December 31, 2023, the group had no outstanding bank borrowings, with cash and bank balances amounting to approximately RMB 301.6 million, an increase from RMB 288.8 million the previous year[116] Expenses - Administrative expenses increased to (26,340) million from (19,563) million, reflecting an increase of about 34.6%[26] - Employee benefits expenses increased to RMB 32,676,000 in 2023 from RMB 29,972,000 in 2022, reflecting a rise of approximately 9%[43] - Research and development expenses amounted to approximately RMB 8,678,000 in 2023, up from RMB 3,770,000 in 2022, indicating a significant increase in investment in innovation[64] - Service costs for the year amounted to RMB 62.5 million, a decrease of RMB 9.7 million or approximately 13.4% compared to RMB 72.2 million in the previous year[113] - The group reported a decrease in the cost of services provided, with a notable reduction in maintenance and repair expenses from RMB 10,804,000 in 2022 to RMB 2,007,000 in 2023[43] Dividends - The company did not recommend the payment of a final dividend for the year[49] - The board has proposed a final dividend of HKD 0.03 per share, totaling approximately RMB 43,813,000, subject to shareholder approval[69] - The group will not recommend the payment of a final dividend for the year[102] Market and Economic Conditions - The company faced challenges due to slower-than-expected economic recovery and low prices for non-mineral products[54] - The company anticipates that external factors such as geopolitical tensions and economic slowdowns will continue to impact shipping demand negatively[75] - The company expects government policies to support infrastructure investment, which may help stabilize shipping demand in the long term[76] - The company is positioned to benefit from significant government support for water transport development in Anhui Province[152] Operational Developments - The company successfully introduced foreign trade shipping companies, enhancing container business operations and achieving record container volumes for the year[55] - The company processed a total of 19,199 standard containers in 2023, which is an increase of 54.3% compared to 12,446 standard containers in 2022[78] - The company is committed to improving its port and logistics services to better meet market demands and enhance performance in 2024[92] - The company plans to advance the construction of a dedicated railway line project, with full-scale construction expected to commence in 2024[92] - The company is actively developing new customers and enhancing market share through aggressive marketing strategies[143] Taxation - The company has been recognized as a high-tech enterprise and will pay corporate income tax at a preferential rate of 15% from 2023 to 2025[67] - The group’s income tax expense for the year ended December 31, 2023, was approximately RMB 17.0 million, a decrease of RMB 3.2 million or about 15.8% compared to RMB 20.2 million in 2022[83] - The actual tax rate for the year ended December 31, 2023, was approximately 17.4%, down from 18.8% in 2022, primarily due to tax incentives from qualified projects[83] - The company’s qualified project will enjoy a 50% tax exemption until December 31, 2024[140] - The tax rate for the subsidiary Chizhou Logistics, qualifying as a small and micro enterprise, is set at 12.5% on taxable income not exceeding RMB 1 million[128] Joint Ventures and Investments - The establishment of Chizhou Huida Port Transportation Co., Ltd. was completed, with the company holding a 26% stake and an expected investment of RMB 26 million[117] - The company has established a joint venture named Chizhou Guohai Port Service Co., Ltd. with a registered capital of RMB 100,000,000, where the company holds a 60% stake[121] - The company plans to invest RMB 60,000,000 in the joint venture, Chizhou Guohai, which will engage in cargo handling, storage, and logistics services[121] - A construction contract was signed for a warehouse with an area of approximately 12,041 square meters at a cost of RMB 15.1 million[118] - The company established a joint venture, Chizhou Railway Construction Operation Co., Ltd., on June 16, 2023, to engage in railway construction and operation in China[155] Compliance and Governance - The audit committee has reviewed the financial performance for the year ending December 31, 2023, confirming compliance with applicable accounting standards and GEM listing rules[137]

Financial Performance - For the nine months ended September 30, 2023, the company reported total revenue of RMB 113,826 thousand, an increase from RMB 100,571 thousand in the same period of 2022, representing a growth of approximately 13.4%[15] - For the nine months ended September 30, 2023, the total profit attributable to the owners of the company was RMB 46,692,000, up from RMB 46,088,000 in the same period of 2022, representing a growth of 1.3%[47] - For the nine months ended September 30, 2023, the group recorded a profit of approximately RMB 63.5 million, compared to RMB 62.9 million for the same period in 2022, representing an increase of about 0.9%[68] - Gross profit increased to approximately RMB 87.5 million for the nine months ended September 30, 2023, with a gross profit margin of about 63.3%, compared to RMB 83.4 million and a margin of 61.5% in 2022[85] - Total revenue for the nine months ended September 30, 2023, was approximately RMB 138.3 million, slightly up from RMB 137.9 million in the same period of 2022[155] Operating Expenses - The company's operating expenses for the nine months ended September 30, 2023, included wages and salaries amounting to RMB 19,239 thousand, up from RMB 15,665 thousand in the previous year, indicating a rise of about 22.8%[24] - The group incurred research and development expenses of approximately RMB 4,389,000 for the nine months ended September 30, 2023, compared to RMB 1,925,000 for the same period in 2022, indicating a significant increase in investment in R&D[43] - Administrative expenses increased by approximately RMB 4.0 million or 34.9%, primarily due to an increase in administrative staff costs of about RMB 2.6 million[98] - The group’s deferred tax expense recognized in profit or loss for the nine months ended September 30, 2023, was RMB 2,259,000, compared to RMB 1,958,000 for the same period in 2022, indicating an increase in tax-related expenses[45] Revenue Sources - The company recognized rental income from investment properties amounting to RMB 22,028 thousand for the nine months ended September 30, 2023, an increase from RMB 18,186 thousand in the same period of 2022, which is a growth of about 21.1%[24] - The group’s income from providing loading and unloading services was RMB 117,890,000, reflecting a decrease of 2.6% compared to the previous year[59] - For the three months ended September 30, 2023, the port service revenue was RMB 45,195,000, an increase of 3.1% compared to RMB 41,807,000 for the same period in 2022[40] Taxation - The adjusted effective tax rate for the nine months ended September 30, 2023, was approximately 18.1%, compared to 20.8% for the same period in 2022[68] - The effective tax rate for the nine months ended September 30, 2023, was approximately 20.9%, compared to 20.8% for the same period in 2022[68] - The group has not recognized any taxable profits in Hong Kong for the nine months ended September 30, 2023, similar to the previous year, resulting in no provision for Hong Kong profits tax[28] Shareholder Information - As of September 30, 2023, the major shareholders of Vital Force hold a total of 600 million shares, representing approximately 75% ownership by Mr. Gui Sihai and Ms. Zhang Huifeng[104] - Mr. Gui Sihai and Ms. Zhang Huifeng are deemed to have beneficial ownership of all shares held by Vital Force, which is significant for corporate governance compliance[109] - The company did not recommend the payment of dividends for the nine months ended September 30, 2023[88] Corporate Governance - The company’s financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and GEM Listing Rules[21] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the nine months ending September 30, 2023, ensuring compliance with applicable accounting standards[115] - The company has adopted the GEM Listing Rules and has complied with the corporate governance code throughout the reporting period[119] Future Outlook - The group expects continued economic recovery in China, driven by government policies, which may enhance domestic consumption and project growth in the fourth quarter[36] - The company plans to actively assess the production situation for the fourth quarter and implement targeted measures to ensure a solid foundation for next year's operations[75] Investments and Joint Ventures - The company established a joint venture, Chizhou Huida Port Co., Ltd., with an expected registered capital of RMB 100 million, in which the company holds a 26% stake[90] - A joint venture company, Chizhou Railway Construction Co., Ltd., was established on June 16, 2023, with a registered capital of RMB 18 million, in which Chizhou Port Holdings holds a 5% stake[101] - Chizhou Port Holdings invested RMB 500,000 in Chizhou Railway on July 7, 2023, as part of the joint venture agreement[101] - The investment in Chizhou Railway is part of the company's strategy for market expansion and infrastructure development in China[101] Cargo Throughput - The total cargo throughput for the nine months ended September 30, 2023, was 22,284 thousand tons, an increase of 1,196 thousand tons or 5.7% from 21,088 thousand tons in 2022[82] - The total throughput of bulk and general cargo was 22.3 million tons, an increase of 5.7% compared to 21.1 million tons for the same period in 2022[137] - Container volume reached 13,633 TEUs, representing a significant increase of 43.6% from 9,496 TEUs in the same period last year[137] Business Model - The company is actively promoting a "Port + Logistics" business model to expand its logistics services, resulting in an increase in related revenue by approximately RMB 2.6 million or 17.2%[141] - The company has entered into a construction contract for a warehouse with an area of approximately 12,410 square meters at a cost of RMB 15,117,000[143]

香港交易及結算所有限公司及聯交所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，概不就因本公告全部或 任何部分內容而產生或因依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的有限公司） （股份代號：8502） 截 至 二 零 二 三 年 九 月 三 十 日 止 九 個 月 之 第 三 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他在聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證 券會有高流通量的市場。 本公告乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關遠航港口發展有限公司（「本公司」）的資料，本公司之董事（「董事」，各為 一名「董事」）願就本公告共同及個別承擔全部責任。董事在作出一切合理 ...

Financial Performance - For the three months ended June 30, 2023, the company's revenue was RMB 46,767,000, a decrease of 4.1% compared to RMB 49,787,000 for the same period in 2022[6] - For the six months ended June 30, 2023, the company's revenue was RMB 93,139,000, down 3.1% from RMB 96,108,000 in the same period of 2022[6] - The net profit attributable to the owners of the company for the six months ended June 30, 2023, was RMB 33,612,000, a slight decrease of 0.9% from RMB 33,932,000 in the same period of 2022[6] - The company's revenue from port services for the six months ended June 30, 2023, was RMB 93,139,000, a decrease of 3.0% compared to RMB 96,108,000 for the same period in 2022[25] - Revenue from bulk and general cargo services for the six months ended June 30, 2023, was RMB 77,828,000, down 10.4% from RMB 86,874,000 in the previous year[26] - The company reported a total comprehensive income of RMB 33,612,000 for the six months ended June 30, 2023, compared to RMB 33,932,000 in the same period of 2022, indicating a slight decrease of 0.9%[13] - Profit for the six months ended June 30, 2023, was approximately RMB 45.2 million, with a net profit margin of 48.5%[63] Assets and Liabilities - The company's total assets as of June 30, 2023, were RMB 648,427,000, a decrease from RMB 662,161,000 as of December 31, 2022[8] - The company's non-current assets totaled RMB 503,910,000 as of June 30, 2023, a slight decrease from RMB 511,920,000 as of December 31, 2022[8] - As of June 30, 2023, the net assets of the company decreased to RMB 611,307,000 from RMB 625,971,000 as of December 31, 2022, representing a decline of approximately 2.9%[9] - The total equity attributable to the owners of the company decreased to RMB 461,823,000 as of June 30, 2023, from RMB 472,024,000 as of December 31, 2022, a decrease of approximately 2.6%[13] - The company’s total liabilities as of June 30, 2023, were RMB 37,120,000, a slight increase from RMB 36,190,000 as of December 31, 2022[9] - As of June 30, 2023, the total liabilities of the group amounted to approximately RMB 16.0 million, with a debt-to-equity ratio of about 2.6%[67] Cash Flow and Dividends - The net cash generated from operating activities for the six months ended June 30, 2023, was RMB 31,947,000, down 24.3% from RMB 42,171,000 in the same period of 2022[11] - The net cash generated from investing activities was RMB 36,685,000 for the six months ended June 30, 2023, compared to a cash outflow of RMB 14,930,000 in the same period of 2022[11] - The company paid dividends amounting to RMB 43,813,000 during the six months ended June 30, 2023[11] - The board does not recommend any interim dividend for the six months ended June 30, 2023[79] Operational Highlights - The company has implemented cost control measures that have shown significant results, with each employee having clear responsibilities and performance standards[53] - The company is actively developing new customers and cargo types to stabilize revenue amidst a weak external market[53] - The overall economic environment remains weak, impacting demand for non-metallic mineral products and construction materials, which in turn affects port throughput[51] - The company expects a stronger domestic demand and a peak in port production in the second half of the year, driven by ongoing project construction and logistics business expansion[54][55] - The company is focusing on a "Port + Logistics" dual-driven business model to ensure long-term stable development of port operations[55] Employee and Management Costs - The company’s employee benefits expenses for the six months ended June 30, 2023, totaled RMB 14,021,000, an increase from RMB 11,781,000 in the previous year, reflecting investment in human resources[27] - The total employee cost for the six months ended June 30, 2023, was approximately RMB 14.0 million, an increase from RMB 11.8 million for the same period in 2022[74] - The total remuneration for directors and key management personnel for the six months ended June 30, 2023, was RMB 732,000, slightly down from RMB 743,000 in the same period of 2022[41] Investments and Commitments - The group has made a cash injection commitment of RMB 26,000,000 for a joint venture with two investors, acquiring a 26% stake[37] - The group has a total capital commitment of RMB 900,000 for an investment in Chizhou Railway Construction and Operation Co., Ltd.[37] - The group has established a joint venture, Chizhou Railway Construction Operation Co., Ltd., with a proposed registered capital of RMB 18 million, where the group's expected investment is RMB 900,000[83] - Another joint venture, Chizhou Huida Port Transportation Co., Ltd., was formed with a proposed registered capital of RMB 100 million, with the group's expected investment being RMB 26 million[83] Shareholder Information - Vital Force holds a beneficial ownership of 600,000,000 shares, representing 75% of the company's total shares[90] - The ownership structure of Vital Force includes 58.4% by Mr. Gui Sihai, 38.9% by Ms. Zhang Huifeng, and 2.7% by Hong Kong Shunyi Industrial Co., Ltd.[90] - The company confirmed that there are no competing interests from its controlling shareholders or directors in any business that directly or indirectly competes with the group[92] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2023[98]

香港交易及結算所有限公司及聯交所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，概不就因本公告全部或 任何部分內容而產生或因依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的有限公司） （股份代號：8502） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他在聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證 券會有高流通量的市場。 本公告乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關遠航港口發展有限公司（「本公司」）的資料，本公司之董事（「董事」，各為 一名「董事」）願就本公告共同及個別承擔全部責任。董事在作出一切合理 ...

Financial Performance - For the three months ended March 31, 2023, the company's revenue was RMB 46,372 thousand, a slight increase of 0.11% compared to RMB 46,321 thousand for the same period in 2022[16] - The gross profit for the same period was RMB 29,562 thousand, representing a 6.17% increase from RMB 27,842 thousand in the previous year[16] - The net profit attributable to the owners of the company for Q1 2023 was RMB 14,944 thousand, up 8.69% from RMB 13,752 thousand in Q1 2022[16] - Basic and diluted earnings per share for the period were RMB 1.87, compared to RMB 1.72 for the same period last year, reflecting a 8.72% increase[16] - The total comprehensive income for the period was RMB 20,781 thousand, an increase from RMB 19,324 thousand in Q1 2022, marking a growth of 7.51%[16] - Revenue and profit for the same period were approximately RMB 46.4 million and RMB 20.8 million, showing a slight increase of 0.2% and a growth of 7.5% respectively year-on-year[67] - The gross profit for the three months ended March 31, 2023, was RMB 29.6 million, with a gross margin of 63.7%, compared to RMB 27.8 million and a gross margin of 60.1% in the same period last year, reflecting a 6.2% increase in gross profit[111] - The company recorded a net profit of approximately RMB 20.8 million for the three months ended March 31, 2023, with a net profit margin of 44.8%, up from 41.7% in the same period last year[115] Expenses - The cost of services provided decreased to RMB 16,810 thousand from RMB 18,479 thousand, indicating a reduction of 9.03%[16] - Administrative expenses rose to RMB 4,075 thousand from RMB 3,539 thousand, representing an increase of 15.19%[16] - The company's total operating expenses for the three months ended March 31, 2023, were RMB 6,593,000, up from RMB 5,494,000 in the same period of 2022, indicating a year-over-year increase of 20%[36] - Research and development expenses for the period amounted to approximately RMB 732,000, with employee benefits costs related to R&D at RMB 616,000, compared to RMB 533,000 in the same period last year[50] - The income tax expense for the three months ended March 31, 2023, was RMB 6,296,000, slightly down from RMB 6,775,000 in the same period of 2022, reflecting a decrease of 7%[51] - Income tax expenses for the three months ended March 31, 2023, were approximately RMB 6.3 million, a decrease of about 7.4% from RMB 6.8 million in the same period last year[137] Market and Operations - The company continues to focus on its core operations in China, with all revenue generated from this market[32] - The company anticipates a gradual improvement in port throughput in the second quarter, driven by ongoing economic recovery and government stimulus policies[70] - The external market environment is still in a gradual recovery phase, with the national economy showing overall stability in the first quarter[67] - The company is facing challenges from a relatively sluggish domestic sand and stone market, which has impacted port operations significantly[88] - The container throughput for the period was 7,387 TEUs, reflecting a growth of 9.7%[130] - The total throughput of bulk cargo and general cargo for the three months ended March 31, 2023, was 7.4 million tons and 3,532 TEUs, representing increases of 9.7% and 14.9% respectively compared to the same period in 2022[67] Corporate Governance - The company has adopted corporate governance practices in compliance with GEM Listing Rules, ensuring adherence to best practices[146] - The audit committee has been established and consists of three independent non-executive directors, ensuring independent review and supervision of financial reports[162] - The company has no outstanding stock options issued, exercised, or canceled during the three months ended March 31, 2023[146] Dividends - The company did not recommend any dividend payment for the three months ended March 31, 2023, consistent with the same period in 2022[43] - The board of directors did not recommend the payment of dividends for the three months ended March 31, 2023[116] Strategic Focus - The company is committed to a "dual-wheel drive" development strategy, promoting a "port + logistics" business model to expand logistics services[92] - The company continues to focus on enhancing its port operations through investment in equipment and technology development[135] - The company has no new product launches or significant market expansion plans disclosed in this report[30] Other Income and Gains - The company reported other income and gains of RMB 1,772 thousand, down from RMB 1,965 thousand, a decrease of 9.83%[16] - The company incurred rental payments to a related party amounting to RMB 124,000 for the three months ended March 31, 2023, compared to RMB 116,000 in the same period of 2022, showing an increase of 6.9%[44] - The direct operating expenses from investment properties generating rental income were RMB 173,000 for the three months ended March 31, 2023, compared to RMB 148,000 in the same period of 2022, reflecting a year-over-year increase of 16.9%[36] Compliance and Reporting Standards - The adoption of new and revised Hong Kong Financial Reporting Standards did not have a significant impact on the group's operating performance or financial position[164] - The company is recognized as a high-tech enterprise under Chinese tax law, allowing it to benefit from preferential tax rates for certain projects[38] - The company has not generated any estimated taxable profits in Hong Kong for the three months ended March 31, 2023, resulting in no provision for Hong Kong profits tax[56]

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，概不就 因本公告全部或任何部分內容而產生或因依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的有限公司） （股份代號：8502） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月 之 第 一 季 度 業 績 公 告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他在聯交所上市的公司帶有較高投資風險。有意投資的人士應了解投資 於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證 券會有高流通量的市場。 本公告乃遵照GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供有 關遠航港口發展有限公司（「本公司」）的資料，本公司之董事（「董事」，各為 ...