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 ...

Ownership Structure - The company has a significant ownership structure, with 桂四海 and 張惠峰 each holding 75% of the issued ordinary shares, totaling 600,000,000 shares[5] - Vital Force, a major shareholder, has beneficial ownership of 58.4% and 38.9% by 桂四海 and 張惠峰 respectively, with an additional 2.7% held by 黃學良[6] Corporate Governance - The company maintains compliance with relevant laws and regulations, with no significant non-compliance events reported for the year ending December 31, 2022[21] - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse skill set relevant to the company's operations[33] - The company has confirmed that its public float meets GEM listing rules, accounting for over 25% of the issued share capital[24] - The company is committed to enhancing its corporate governance practices in line with the latest developments and regulatory requirements[32] - The company has achieved measurable goals in its board diversity policy, including at least one-third of board members being independent non-executive directors[49] - The board consists of at least one member with accounting or other professional qualifications, ensuring a balance of skills and experience[49] - The board has maintained a structure where at least half of its members are non-executive directors since the company's listing[39] - Independent non-executive directors have confirmed their independence in accordance with GEM listing rules[39] - The company has adopted a board diversity policy to enhance the effectiveness of the board through various considerations, including gender, age, and professional experience[46] - The nomination committee reviews the board's structure and composition annually to ensure alignment with the company's strategic needs[58] - All directors have participated in continuous professional development to enhance their knowledge and skills relevant to their roles[66] - The company has established a process for directors to seek independent professional advice at the company's expense when necessary[59] - The nomination committee considers various factors, including the ability of candidates to dedicate sufficient time to board matters[61] - The company has implemented a policy to ensure that candidates for independent non-executive director positions meet the independence standards set forth in GEM listing rules[62] Financial Performance - In 2022, the total cargo throughput reached 29.1 million tons, representing a year-on-year increase of 6.2%[85] - Operating revenue for 2022 was RMB 187.4 million, reflecting a year-on-year growth of 13.0%[85] - Profit for the year amounted to RMB 87.5 million, which is a 10.0% increase compared to the previous year[85] - The gross profit for 2022 was RMB 115.1 million, representing a 17.9% increase from RMB 97.7 million in 2021[106] - The gross profit margin improved to 61.4% in 2022, compared to 58.9% in 2021[106] - The net profit for the year was approximately RMB 87.5 million, representing a net profit margin of 46.7%, slightly down from 47.9% in the previous year[115] - Revenue for 2022 was RMB 187.4 million, a 13.0% increase from RMB 165.8 million in 2021[98] - Service costs for 2022 amounted to RMB 72.2 million, up 5.9% from RMB 68.2 million in 2021[109] - Income tax expenses for the year were approximately RMB 20.2 million, an increase of RMB 5.5 million or about 37.4% compared to RMB 14.7 million in the previous year, due to higher pre-tax profits[114] - As of December 31, 2022, the company's distributable reserves amounted to RMB 84,778,000, an increase from RMB 21,374,000 in 2021[177] Operational Initiatives - The company launched a cost reduction and efficiency enhancement initiative, resulting in significant operational improvements[85] - A total of 21 technical innovation projects were completed in 2022, with 1 invention patent and 12 utility model patents obtained[85] - The company established a smart logistics platform for Chizhou Port, which is now operational[85] - The company aims to enhance management and operational efficiency while focusing on safety and environmental protection[84] - The company is focusing on technological innovation and high-quality development, with 21 innovation projects completed in 2022[91] - The company has enhanced its internal management and reduced non-productive expenses, leading to improved operational efficiency[91] Shareholder Matters - The company proposed a final dividend of HKD 0.03 per share and a special final dividend of HKD 0.03 per share, pending approval at the annual general meeting[120] - The company will suspend the transfer of shares from June 1, 2023, to June 2, 2023, to determine the entitlement to the proposed final and special dividends for the year ended December 31, 2022[189] - The company did not engage in any purchase, sale, or redemption of its listed securities during the year[180] - There were no changes in the company's share capital during the year[193] - The company has no provisions regarding preemptive rights in its articles of association, allowing it to issue new shares without regard to existing shareholders' holdings[194] Strategic Developments - The company entered into a joint venture agreement to establish a logistics company in China, with an expected total investment of RMB 950,000 from its subsidiaries[120] - The company has been involved in the investment and operation of bulk cargo terminal operations at Tianjin Port through a joint venture established in 2007[136] - The company operates a fleet with a total deadweight tonnage exceeding 4 million tons[139] - The company has been recognized as a high-tech enterprise, allowing it to enjoy a reduced corporate income tax rate of 15% for three consecutive financial years from 2022 to 2024[133] Management and Leadership - The company’s overall management and development strategy is overseen by its chairman, who has over 40 years of experience in international shipping and port operations[135] - The company’s CEO has over 15 years of experience in the port logistics service industry in Chizhou, China[138] - The company’s financial reports and planning are managed by a finance director with over 13 years of experience in accounting and auditing services[153] - The company is a diversified enterprise with core operations in international shipping, supported by port, logistics, mining, and financial investment sectors[135] - The company has a strong focus on business strategy and financial management, with key personnel having extensive experience in their respective fields[150][154] Compliance and Legal Matters - The company has established indemnity provisions for potential liabilities and costs arising from legal actions faced by directors and the group[200] - The company has no significant events affecting its operations since the end of the financial year up to the report date[170] - The management discussion and analysis section of the annual report covers the company's performance and future development prospects[176]

Financial Performance - Revenue for the three months ended September 30, 2022, was RMB 41,807 thousand, a decrease of 6.2% compared to RMB 44,653 thousand in the same period of 2021[4] - Gross profit for the nine months ended September 30, 2022, was RMB 83,415 thousand, representing an increase of 1.7% from RMB 81,998 thousand in the same period of 2021[4] - The net profit attributable to the owners of the company for the three months ended September 30, 2022, was RMB 12,156 thousand, down 18.3% from RMB 14,870 thousand in the same period of 2021[4] - The profit attributable to the owners for the nine months ended September 30, 2022, was RMB 46,088,000, slightly up from RMB 45,924,000 in the same period of 2021[33] - Revenue for the nine months ended September 30, 2022, was approximately RMB 137.9 million, an increase from RMB 134.4 million in the same period of 2021, primarily due to increased revenue from port ancillary services[60] - Profit for the nine months ended September 30, 2022, was approximately RMB 62.9 million, with a net profit margin of 45.6%, down from 47.8% in the same period of 2021[67] Expenses and Costs - The cost of services provided for the three months ended September 30, 2022, was RMB 19,543 thousand, an increase of 13.5% from RMB 17,210 thousand in the same period of 2021[4] - Administrative expenses for the nine months ended September 30, 2022, were RMB 11,397 thousand, an increase of 33.5% compared to RMB 8,564 thousand in the same period of 2021[4] - Service costs for the nine months ended September 30, 2022, were approximately RMB 54.5 million, up RMB 2.1 million or about 4.0% from RMB 52.4 million in the same period of 2021, mainly due to increased subcontracting costs[61] - Administrative expenses increased by approximately RMB 2.8 million or 33.1% for the nine months ended September 30, 2022, primarily due to higher administrative staff costs[65] Income and Taxation - The effective tax rate for the eligible public infrastructure projects was 12.5% for the nine months ended September 30, 2022, compared to 0% for the same period in 2021[29] - The company reported a total of RMB 4,789,000 in current tax expenses for the three months ended September 30, 2022, compared to RMB 3,744,000 in the same period of 2021[28] - Income tax expense for the nine months ended September 30, 2022, was approximately RMB 16.5 million, an increase of RMB 2.9 million or about 21.3% from RMB 13.6 million in the same period of 2021[66] - The adjusted effective tax rate for the nine months ended September 30, 2022, was approximately 18.3%, lower than the standard corporate tax rate of 25% due to tax incentives[66] Operational Highlights - The company primarily operates in the port operations sector in Chizhou, Anhui Province, China[10] - For the nine months ended September 30, 2022, the total throughput of bulk cargo and general cargo was 21.1 million tons, a decrease of 3.2% compared to 21.8 million tons for the same period in 2021[48] - Container throughput was 9,496 TEUs, down 3.6% from 9,850 TEUs in the same period last year[48] - The company reported a significant increase in revenue from supporting port services, which rose by 45.1% to RMB 15.2 million from RMB 10.5 million in the previous year[57] Future Outlook - The company expects a positive outlook for Q4 2022, driven by improving domestic economic conditions and the end of adverse weather impacts[53] - The company plans to focus on production organization and cost reduction to enhance operational efficiency and ensure effective pandemic control measures[56] - The company has not disclosed specific future outlook or guidance in the provided documents[4] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[94] - The company has complied with the corporate governance code as per GEM listing rules throughout the reporting period[89] - No major shareholders or directors have interests in any competing businesses as of September 30, 2022[88] - The company has confirmed that there are no interests or short positions in shares or related securities held by directors or major shareholders as of the reporting date[79] Shareholder Information - Vital Force holds 58.4% of the company's shares, with significant ownership by key individuals: 桂四海 (29,200 shares) and 張惠峰 (19,466 shares)[77] - The weighted average number of ordinary shares in issue during the period was 800,000,000, consistent with the previous year[33] - There are no significant changes in the ownership structure or shareholding percentages reported as of September 30, 2022[84] Miscellaneous - The company has not disclosed any new product developments or market expansion strategies in the current reporting period[92] - The company has adopted a share option scheme that has been effective since July 10, 2018, with no options issued or exercised in the nine months ending September 30, 2022[91] - The company has maintained a consistent accounting policy in preparing its financial statements, with no significant impact from newly adopted accounting standards[17] - All eleven multifunctional/bulk cargo berth licenses were successfully renewed during the period, with a validity of three years[71] - The company does not recommend the payment of dividends for the nine months ended September 30, 2023[68]

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 96,108 thousand, an increase from RMB 48,131 thousand for the same period in 2021[10] - Gross profit for the six months was RMB 61,151 thousand, compared to RMB 34,957 thousand in the previous year, reflecting a gross margin improvement[10] - Profit before tax for the six months was RMB 58,136 thousand, up from RMB 29,231 thousand in the same period last year[10] - Net profit attributable to owners of the company for the six months was RMB 33,932 thousand, compared to RMB 18,282 thousand in the previous year[10] - Basic and diluted earnings per share for the six months was RMB 4.24, an increase from RMB 2.29 in the previous year[10] - Revenue from port services for the six months ended June 30, 2022, was RMB 96,108,000, an increase of 7.4% compared to RMB 89,771,000 for the same period in 2021[35] - Revenue for the group was RMB 96.1 million, up 7.1% from RMB 89.8 million in the same period of 2021, while profit was RMB 46.3 million, an increase of 7.0% from RMB 43.2 million[87] - Profit for the six months ended June 30, 2022, was approximately RMB 46.3 million, with a net profit margin of 48.1%[105] Assets and Liabilities - Total assets as of June 30, 2022, were RMB 623,113 thousand, compared to RMB 595,406 thousand as of December 31, 2021[11] - Cash and cash equivalents increased to RMB 257,191 thousand from RMB 231,151 thousand at the end of 2021[11] - Current liabilities decreased slightly to RMB 151,407 thousand from RMB 153,055 thousand at the end of 2021[11] - The total liabilities amounted to approximately RMB 15.9 million as of June 30, 2022, significantly up from RMB 1.0 million at the end of 2021[109] - The group’s debt-to-equity ratio was approximately 2.7% as of June 30, 2022, compared to 0.2% at the end of 2021[109] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2022, was RMB 42,171,000, a decrease of 15.5% compared to RMB 50,032,000 for the same period in 2021[17] - The company reported a net increase in cash and cash equivalents of RMB 26,040,000 for the six months ended June 30, 2022, compared to a decrease of RMB 25,970,000 in the same period of 2021[17] - The group’s cash and bank balances were approximately RMB 257.2 million as of June 30, 2022, compared to RMB 231.2 million at the end of 2021[106] Trade Receivables and Payables - Trade receivables rose significantly to RMB 9,077 thousand from RMB 4,426 thousand in the previous year[11] - Trade receivables as of June 30, 2022, amounted to RMB 10,083,000, an increase from RMB 5,432,000 as of December 31, 2021, representing an 85% growth[55] - The net trade receivables after impairment provisions were RMB 9,077,000 as of June 30, 2022, compared to RMB 4,426,000 as of December 31, 2021, indicating a 105% increase[55] - Trade payables as of June 30, 2022, totaled RMB 12,237,000, compared to RMB 8,611,000 as of December 31, 2021, marking a 42% increase[60] Operational Efficiency and Growth - The company is focused on expanding its market presence and enhancing service offerings to drive future growth[12] - The company implemented 11 cost-reduction and efficiency-enhancement measures, resulting in significant improvements in operational efficiency[90] - The company actively expanded market share and developed new customer segments through innovative marketing strategies[90] - The company maintained stable operations amid complex pandemic conditions, ensuring effective implementation of pandemic control measures[90] Research and Development - The company incurred research and development expenses of approximately RMB 1,384,000 for the six months ended June 30, 2022[41] - The company is enhancing its R&D capabilities to improve port equipment and technology, focusing on operational efficiency and green port initiatives[93] Corporate Governance - The audit committee has been established with three independent non-executive directors, ensuring independent review and supervision of financial reports[143] - The company has confirmed compliance with the GEM Listing Rules and corporate governance codes during the reporting period[139] Market Outlook - The company is optimistic about the port operating environment in the second half of the year, driven by effective economic policies and recovery in trade activities[93] - The company’s management believes that the economic recovery in China is supported by government policies aimed at stabilizing economic operations[90]

Financial Performance - Revenue for the three months ended March 31, 2022, was RMB 46,321,000, representing an increase of 11.5% compared to RMB 41,640,000 for the same period in 2021[4] - Gross profit for the same period was RMB 27,842,000, up 18.5% from RMB 23,486,000 year-on-year[4] - Profit before tax increased to RMB 26,099,000, a rise of 17.5% from RMB 22,266,000 in the previous year[4] - Net profit attributable to owners of the company was RMB 13,752,000, compared to RMB 12,772,000 in the same quarter of 2021, reflecting an increase of 7.7%[4] - Basic and diluted earnings per share for the period were RMB 1.72, up from RMB 1.60 in the previous year[4] - Total comprehensive income for the period was RMB 19,324,000, compared to RMB 17,876,000 in the same quarter of 2021, marking a growth of 8.1%[4] Expenses and Costs - Administrative expenses increased to RMB 3,539,000 from RMB 3,022,000, indicating a rise of 17.1% year-on-year[4] - The cost of goods sold, including employee benefits, was RMB 5,494,000 for the three months ended March 31, 2022, compared to RMB 5,261,000 in the same period of 2021, reflecting a 4.4% increase[24] - Income tax expense for the three months ended March 31, 2022, was RMB 6,775,000, up 54.1% from RMB 4,390,000 for the same period in 2021[27] - The company incurred approximately RMB 552,000 in research and development expenses during the three months ended March 31, 2022, compared to none in the same period of 2021[24] - For the three months ended March 31, 2022, service costs amounted to approximately RMB 18.5 million, an increase of RMB 0.3 million or about 1.6% compared to the same period in 2021, primarily due to increased employee and subcontracting costs[89] Operational Highlights - The total cargo throughput for the three months ended March 31, 2022, was 6.731 million tons, an increase of 13.5% compared to 5.928 million tons in the same period of 2021[47] - The container throughput for the same period was 3,075 TEUs, a decrease of 26.3% from 4,172 TEUs in the previous year[47] - The increase in gross profit was mainly due to economies of scale achieved through better utilization of throughput capacity[90] - The company experienced a throughput increase of approximately 13.5% in tonnage, contributing to the rise in transportation and handling services[89] Strategic Initiatives - The company has implemented 11 cost-reduction and efficiency-enhancement measures, which have shown significant results in management and operational efficiency[50] - The company is focusing on market expansion by enhancing market analysis and increasing market share through innovative marketing strategies[46] - The company aims to reduce non-productive expenses and improve operational quality to ensure stable growth amidst external challenges[54] Tax and Compliance - The actual tax rate for the three months ended March 31, 2022, was approximately 26.0%, compared to 19.7% in the same period of 2021, with an adjusted effective tax rate of about 20.5% after excluding deferred tax expenses[94] - The company’s subsidiary, Chizhou Port Express Holdings, is eligible for tax exemptions and reductions under Chinese tax laws for qualified public infrastructure projects[28] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the three months ending March 31, 2022, ensuring compliance with applicable accounting standards and regulations[117] Shareholder Information - As of March 31, 2022, Vital Force holds approximately 600,000,000 shares, representing 75% ownership in the company[107] - No shares of the company's listed securities were purchased, sold, or redeemed during the three months ending March 31, 2022[108] - There were no competitive interests held by major shareholders or directors that could directly or indirectly compete with the company's business as of March 31, 2022[109] - The company has adopted a stock option plan effective from July 10, 2018, with no options issued, exercised, canceled, or expired during the three months ending March 31, 2022[114] Dividend Policy - The company did not recommend any dividend for the three months ended March 31, 2022, consistent with the same period in 2021[35] - The company did not recommend the payment of dividends for the three months ended March 31, 2022[96] Future Outlook - The company anticipates challenges in the second quarter due to the ongoing COVID-19 pandemic and its impact on the logistics supply chain[54] - A joint venture agreement was established on March 28, 2022, to form a new company in China, with a proposed registered capital of RMB 1 million, where the company holds a 61.7% stake[97]

Financial Performance - The company achieved a throughput of 27.4 million tons, representing a year-on-year increase of 18.8%[11] - Operating revenue reached RMB 165.8 million, reflecting a year-on-year growth of 10.2%[11] - Profit amounted to RMB 79.5 million, with a year-on-year increase of 23.9%, setting a new record[11] - In 2021, the total cargo throughput reached 27.4 million tons, an increase of 18.8% from 23.0 million tons in 2020[18] - Total revenue for 2021 was RMB 165.8 million, a 10.2% increase from RMB 150.5 million in 2020[33] - The profit for 2021 was RMB 79.5 million, representing a 23.9% increase from RMB 64.2 million in 2020[18] - Gross profit increased to approximately RMB 97.7 million for the year ended December 31, 2021, up from RMB 83.9 million in 2020, representing a growth of 16.4%[37] - Net profit for the year was approximately RMB 79.5 million, with a net profit margin of 47.9%, up from 42.6% in 2020[42] Operational Efficiency - The company is actively promoting cost reduction and efficiency enhancement activities, resulting in significant improvements in operational efficiency[11] - The company is focusing on cost reduction and efficiency improvement, achieving significant results in operational effectiveness[23] - Operational efficiency improvements are expected to reduce costs by 5%, translating to savings of approximately $60 million annually[62] - The company has implemented vaccination measures for all employees to mitigate risks associated with the COVID-19 pandemic[30] Strategic Development - The company plans to expand its market presence while enhancing internal capabilities and project development[15] - The strategic focus includes "dual-wheel drive, cost reduction and efficiency enhancement, cultural construction, and green development"[15] - The company aims to leverage national strategies such as the "Yangtze River Economic Belt" and "Yangtze River Delta Integration" for high-quality development[15] - The company plans to leverage the "14th Five-Year Plan" for development and aims for better performance in 2022[24] Market and Competition - The company anticipates challenges from global economic shifts and competition in the shipping market[25] - The government’s emphasis on infrastructure investment is expected to support the high-quality development of inland ports[30] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[62] Shareholder and Financial Policies - The company did not recommend the payment of dividends for the year[48] - The total reserves available for distribution to shareholders as of December 31, 2021, amounted to approximately RMB 21,374,000, a decrease from RMB 24,524,000 in 2020[84] - The company did not recommend the distribution of a final dividend for the year[76] - The board has adopted a dividend policy since November 8, 2019, requiring the company to maintain sufficient cash reserves to meet operational needs and future growth, without a predetermined dividend payout ratio[123] Governance and Compliance - The company has complied with relevant laws and regulations, with no significant non-compliance events reported for the year ending December 31, 2021[127] - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse skill set relevant to the company's operations[140] - The company has confirmed the independence of all independent non-executive directors in accordance with GEM Listing Rules[119] - The board is responsible for guiding and supervising the group's affairs, ensuring financial and management performance aligns with shareholder interests[145] Risk Management - The company has implemented a risk management program to identify and monitor various types of risks, with the board reviewing the effectiveness of this program at least annually[195] - The internal control policies cover multiple operational aspects, including risk assessment and financial reporting, and are reviewed at least once a year[194] - The company has a zero-tolerance policy towards corruption and fraud, with strict guidelines for employees regarding ethical business conduct[198] Sustainability and Corporate Responsibility - The company received recognition for its sustainability efforts, with a 40% reduction in carbon emissions reported over the past year[62] Employee and Director Policies - The company has established a written compensation policy that aligns with business strategy and shareholder interests, ensuring that executive compensation is based on operational performance and market statistics[122] - The company has a retirement benefits plan detailed in the financial statements, ensuring employee welfare[134] - The company has established appropriate insurance arrangements for directors facing potential legal actions[169]

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 区 ... 000 100 1000 000 000 000 TI 第 三 季 度 報 告 2021 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,此等公司相比超其他在聯交所 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上市公司普邊為中小型公司,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（「善事」,各為一名「董事」）願就本 報告共 ...

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 = = 00 011 011 110 中 期 報 告 2021 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上市公司普邊為中小型公司,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（「善事」,各為一名「董事」）願就本 報告共同及個別承擔全部責任。董事在作出一切合 ...

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 区 ... 000 100 1000 000 000 000 TI 第一季度報 电游 2021 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,此等公司相比超其他在聯交所 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上市公司普邊為中小型公司,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（「善事」,各為一名「董事」）願就本 報告共同及 ...