Group 1: Company Performance - The company achieved operating revenue of CNY 19.838 billion in the first half of the year, representing a year-on-year growth of 23.13% [4] - Net profit increased by 14.85% year-on-year, reaching CNY 8.416 billion [4] - Container throughput at the mother port reached 25.508 million TEUs, a year-on-year increase of 7.5%, maintaining the world's leading position [4] Group 2: Green Port Initiatives - The company is actively constructing a green port, optimizing energy structure and transportation systems, and increasing the share of clean energy [2][3] - The company has achieved full coverage of shore power at container terminals and completed China's first green methanol bunkering for container ships [2] - The company is promoting multi-modal transport to reduce carbon emissions in logistics [3] Group 3: Market Expansion and Strategy - The company has consolidated its market in the Yangtze River Delta and expanded into the Yangtze River Basin, focusing on key regions and major clients [3] - Plans to deepen cooperation in logistics and enhance service capabilities in the Yangtze River Delta and economic belt [3] - International and domestic business revenue ratios are 1.23% and 98.77%, respectively, with ongoing attention to overseas business opportunities [5] Group 4: Shareholder Engagement and Future Plans - The company has disclosed plans for share repurchase and stock incentive programs, with no current plans for additional stock buybacks [4] - The company emphasizes sustainable development and reasonable returns for investors, maintaining a consistent profit distribution strategy [5] - Ongoing projects like Luojing Phase I and Xiaoyangbei are expected to enhance operational capacity and market competitiveness [5] Group 5: Digital Transformation - The company is advancing digital transformation and smart port construction, with the automated terminal at Yangshan Phase IV achieving a production capacity of 7 million TEUs annually [6] - The company is implementing various digital initiatives to optimize production processes and enhance operational efficiency [6]

证券代码：600018 证券简称：上港集团 公告编号：2024-038 （一）已履行的决策程序和信息披露情况 上海国际港务（集团）股份有限公司 关于 A 股限制性股票激励计划首次授予部分 第一个限售期解除限售暨上市公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 40,903,104 股。 本次股票上市流通总数为 40,903,104 股。 本次股票上市流通日期为 2024 年 9 月 11 日。 上海国际港务（集团）股份有限公司（以下简称："上港集团"或"公司"） 于 2024 年 8 月 26 日召开第三届董事会第四十七次会议及第三届监事会第二十九 次会议，审议通过了《关于公司 A 股限制性股票激励计划首次授予部分第一个限 售期解除限售条件成就的议案》等议案，根据《上港集团 A 股限制性股票激励计 划（草案）》（以下简称："《激励计划》"或"本激励计划"）的相关规定和 公司 2020 年年度股东大会的授权，本激励计划首次授予部分第一个限 ...

观韬中茂(上海)律师事务所 GUANTAO LAW FIRM 地址:上海市长宁区仙霞路 99 号尚嘉中心 12 层、22 层 (200051) Add: 12F&22F,L'Avenue No.99 XianXia Rd,Changning District,Shanghai,PRC 电话 Tel: +86 21 23563298 传真 Fax: +86 21 23563299 Website: http://www.guantao.com 邮箱 Email: guantaosh@guantao.com 北京观韬中茂(上海)律师事务所 关于 上海国际港务(集团)股份有限公司 A 股限制性股票激励计划首次授予部分第一个限售期解除 限售条件成就 及 回购注销部分限制性股票事项 之 法律意见书 二〇二四年八月 list 上海 广州 深圳 香港 天津 杭州 苏州 成都 厦门 大连 济南 西安 武汉 南京 福州 郑州 海口 重庆 观韬中茂(上海)律师事务所 GUANTAO LAW FIRM 地址:上海市长宁区仙霞路 99 号尚嘉中心 12 层、22 层 Add: 12F&22F L'Avenue No 99 Xian ...

Investment Rating - Investment Rating: Buy [1] - Target Price: RMB 6.90 [1] Core Insights - The port's main business demand is improving, leading to a significant increase in profitability for the first half of 2024, with a revenue growth of 23.1% to RMB 19.84 billion and a net profit growth of 14.9% to RMB 8.42 billion [2][4] - The company achieved a cargo throughput of 290 million tons, a year-on-year increase of 6.2%, with container throughput ranking first globally at 25.51 million TEUs, up 7.5% [2][3] - Investment income decreased by 8.7% year-on-year to RMB 3.81 billion, impacting overall net profit [5] Financial Performance - Revenue for 1H24 reached RMB 19.84 billion, with a gross profit of RMB 7.80 billion, reflecting a gross margin of 39.3% [4] - The company announced an interim dividend of RMB 0.05 per share, with a payout ratio of 14% [2] - The revenue breakdown shows container, bulk cargo, port logistics, and port services generating RMB 8.06 billion, RMB 0.81 billion, RMB 5.60 billion, and RMB 2.04 billion respectively, with growth rates of 4.6%, 5.9%, 5.0%, and 31.8% [4] Long-term Development - The company is the world's largest container port, maintaining its position since 2010, and is enhancing its role as a key hub in the Yangtze River Economic Belt and the Belt and Road Initiative [3] - The company is focusing on developing multimodal transport to improve logistics services, further solidifying its leading role in the region [3] Earnings Forecast - Net profit forecasts for 2024, 2025, and 2026 have been slightly adjusted upwards by 4%, 3%, and 3% to RMB 15.7 billion, RMB 15.8 billion, and RMB 16.6 billion respectively [2] - The target price adjustment reflects a 10% increase based on a 10.2x PE for 2024E, considering the expected improvement in profitability [2]

证券代码：600018 证券简称：上港集团 公告编号：临 2024-035 上海国际港务（集团）股份有限公司 第三届监事会第三十次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海国际港务（集团）股份有限公司（以下简称："上港集团"或"公司"） 第三届监事会第三十次会议于 2024 年 8 月 29 日以通讯方式召开。会议通知和材 料已于 2024 年 8 月 22 日以书面、电子邮件等方式发出，会议应出席监事 4 名， 实际出席监事 4 名，董事会秘书以通讯方式列席了会议。会议符合《公司法》、《公 司章程》及相关法律、法规的要求。会议经全体监事认真审议，一致通过以下议 案： （2）公司 2024 年半年度报告的内容和格式符合中国证监会和上海证券交易 所的各项规定，所包含的信息真实地反映了公司的财务状况、经营成果和现金流 量； （3）在提出本意见前，监事会未发现参与公司 2024 年半年度报告编制和审 议的人员有违反保密规定的行为。 同意：4 弃权：0 反对：0 二、审议通过了《上港集团 2024 年半年度利润 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海国际港务（集团）股份有限公司（以下简称："上港集团"或"公司"） 第三届董事会第四十八次会议于 2024 年 8 月 29 日以通讯方式召开。会议通知和 材料已于 2024 年 8 月 22 日以书面、电子邮件等方式发出，会议应参加表决董事 10 名，实际参加表决董事 10 名。公司监事、董事会秘书以通讯方式列席了会议。 会议符合《公司法》、《公司章程》及相关法律、法规的要求。会议经全体董事认 真审议，一致通过以下议案： 一、审议通过了《上港集团关于计提和核销资产减值准备的议案》。 董事会同意公司根据《企业会计准则第 8 号—资产减值》、《上港集团资产减 值准备计提与财务核销管理办法》相关规定，对上港集团持有的上海港罗泾矿石 码头有限公司长期股权投资计提减值准备人民币 496,954,374.81 元；核销上港集 团煤炭分公司固定资产减值准备人民币 50,177,587.98 元；核销上港集团罗泾港 区矿石码头固定资产减值准备人民币 233,055,221.37 元。 同意： ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司 2024 年半年度利润分配方案：拟每股派发现金红利人民币 0.05 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体 日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股 分配金额不变，相应调整分配总额，并将另行公告具体调整情况。 证券代码：600018 证券简称：上港集团 编号：临 2024-036 上海国际港务（集团）股份有限公司 2024年半年度利润分配方案公告 （一）董事会会议的召开、审议和表决情况 公司于 2024 年 8 月 29 日召开了第三届董事会第四十八次会议，以 10 票同意、 0 票弃权、0 票反对审议通过了《上港集团 2024 年半年度利润分配方案的议案》，并 同意将该议案提交股东大会审议。本方案符合公司章程规定的利润分配政策。 本次利润分配方案尚需提交股东大会审议。 一、利润分配方案内容 根据上海国际港务（集团）股份有限公司（以下简称："上港集团"或"公司"） 20 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares, totaling approximately RMB 1.164 billion based on the total share capital of 23,284,144,750 shares as of June 30, 2024[4] - The company's total share capital as of June 30, 2024, is 23,284,144,750 shares[4] Company Address and Contact Information - The company's registered address was changed to "No. 1 Tonghui Road, Comprehensive Building, Area A, 4th Floor, Lingang New Area, China (Shanghai) Pilot Free Trade Zone" on August 6, 2024[12] - The company's office address is No. 358 Dongdaming Road, Hongkou District, Shanghai (International Port Building)[12] - The company's website is http://www.portshanghai.com.cn[12] - The company's electronic mailbox is 600018@portshanghai.com.cn[12] Strategic Development - The company's "1+3" strategic system focuses on building a world-class shipping hub, achieving breakthroughs in technology, regional development, and business formats, and promoting high-quality development[9] - The company is advancing its "1+3" strategic system, focusing on technological innovation, regional expansion, and new business models to strengthen its competitive edge[25] Financial Performance - Revenue for the first half of 2024 reached RMB 19.84 billion, a 23.13% increase compared to the same period last year[16] - Net profit attributable to shareholders of the listed company was RMB 8.42 billion, up 14.85% year-on-year[16] - Operating cash flow decreased by 20.42% to RMB 4.28 billion compared to the same period last year[16] - Total assets as of the end of the reporting period were RMB 207.40 billion, a 1.88% increase from the end of the previous year[16] - Basic earnings per share (EPS) increased by 14.87% to RMB 0.3624[17] - Non-recurring gains and losses amounted to RMB 1.20 billion, including RMB 454.34 million from the disposal of non-current assets[18][20] - The company achieved a revenue of 19.84 billion yuan, a year-on-year increase of 23.13%, and a net profit attributable to shareholders of 8.42 billion yuan, a year-on-year increase of 14.85%[27] Port Operations and Throughput - National port cargo throughput in the first half of 2024 reached 8.563 billion tons, a 4.6% year-on-year increase[21] - Container throughput at national ports grew by 8.5% to 162 million TEUs, with coastal ports handling 142 million TEUs, up 8.6%[21] - Shanghai Port's container throughput reached 25.508 million TEUs in the first half of 2024, maintaining its position as the world's largest container port[23] - The company's container throughput at the Yangshan Port reached 13.076 million TEUs, a year-on-year increase of 9.9%, accounting for 51.3% of the total port container throughput[27] - The company's rail-sea intermodal transport volume reached 427,000 TEUs, a year-on-year increase of 49.5%[26] - The water-to-water transshipment volume reached 15.84 million TEUs, a year-on-year increase of 17.3%, with a water-to-water transshipment ratio of 62.1%[26] - The company's ro-ro business increased by 16.5% year-on-year in the first half of the year[27] - The company's LNG bunkering volume continued to rise, and it completed China's first green methanol bunkering for container ships[27] Digital Transformation and Innovation - The company emphasized the importance of digitalization, intelligence, and green development in the port industry, leveraging technologies like 5G, AI, and blockchain[21] - Shanghai Port's digital transformation includes the development of smart heavy truck projects, traditional terminal automation, and the construction of a big data center[25] Regional and Global Influence - Shanghai Port's economic hinterland covers the Yangtze River Delta region, including Shanghai, Jiangsu, Zhejiang, and Anhui, which significantly influences the port's cargo throughput[23] - The port's strategic location at the intersection of the Yangtze River and the coastal transport corridor provides a significant advantage in domestic and international trade[22] - Shanghai Port's foreign trade route connectivity ranks first globally, enhancing its role as a core hub for global shipping lines[23] - Shanghai Port's development is supported by the high-quality growth of the Yangtze River Delta region and the national "dual circulation" strategy, which opens up vast development opportunities[24] Investments and Financial Activities - The company's R&D expenses decreased by 29.66% year-on-year to 44.58 million yuan[32] - The company's investment cash flow decreased by 632.74% year-on-year to -1.22 billion yuan[32] - The company's financing cash flow decreased by 971.84% year-on-year to -2.99 billion yuan[32] - Accounts receivable increased by 52.34% to 4,218,113,881.17 yuan, mainly due to increased freight agency business in shipping[34] - Prepaid accounts increased by 88.75% to 232,137,367.54 yuan, driven by increased prepayments for materials[34] - Contract liabilities decreased by 81.13% to 534,096,794.49 yuan, primarily due to property deliveries in projects like Shanggang Xingjiangwan and Shanghai Changtan[35] - Non-current liabilities due within one year increased by 68.33% to 11,050,105,118.52 yuan, mainly due to reclassification of long-term loans and repayment of bonds[35] - Overseas assets amounted to 48.263 billion yuan, accounting for 23.27% of total assets, primarily held by subsidiaries such as SIPG (Hong Kong) Co., Ltd. and Shanghai Jinjiang Shipping (Group) Co., Ltd.[36] - Total restricted assets amounted to 581,274,351.14 yuan, including 503,483,102.28 yuan in fixed assets and 55,322,648.90 yuan in intangible assets, mainly due to mortgages and deposits[37] - Investment amount in the reporting period increased by 77.43% to 2.626 billion yuan compared to the same period last year[38] - SIPG invested 1.2 billion yuan in Shanghai Port Luodong Container Terminal Co., Ltd., holding a 60% stake[39] - SIPG increased its stake in China Postal Savings Bank by purchasing 279.892 million H shares, totaling 1.006 billion yuan, bringing its total stake to 4.13%[39] - SIPG invested 200 million yuan in China Financial Information Center (Shanghai) Co., Ltd., acquiring a 4.1633% stake[39] Revenue Recognition - The company recognizes revenue when the customer obtains control of the relevant goods or services, based on the expected consideration amount[199] - Revenue from container and bulk cargo handling is recognized over time based on the progress of completed services[199] - Revenue from port supporting value-added services, including port services and logistics, is recognized over time based on the progress of completed services[199] - Shipping revenue is recognized over time for transportation services[200] - Revenue from commodity sales is recognized at a point in time when control of the goods is transferred to the buyer[200] - Real estate sales revenue is recognized at a point in time when the property reaches completion and is delivered or deemed delivered to the customer[200] Equity Instruments and Repurchase - If the company cancels granted equity instruments, the amount originally to be recognized over the remaining vesting period is immediately recognized in current profit or loss, with a corresponding adjustment to capital reserve[198] - If the company needs to repurchase unvested or forfeited restricted shares at a pre-agreed price, it recognizes a liability and treasury stock based on the number of restricted shares and the corresponding repurchase price[198]

审议。本次回购注销完成后，公司股份总数将由 23,284,144,750 股减 少至 23,281,365,262 股，公司注册资本也将由 23,284,144,750 元减少 至 23,281,365,262 元。 上述事项具体内容详见公司分别于 2021 年 5 月 27 日、2021 年 6 月 17 日、2024 年 8 月 27 日披露的《上港集团 2020 年年度股东大会 会议资料》、《上港集团 2020 年年度股东大会决议公告》（公告编 号：2021-021）和《上港集团关于回购注销部分限制性股票及调整限 制性股票回购价格的公告》（公告编号：2024-029）。 二、需债权人知晓的相关信息 | 债券代码：102483693 | 债券简称：24 | 沪港务 | MTN003 | | --- | --- | --- | --- | | 债券代码：102481777 | 债券简称：24 | 沪港务 | MTN002 | | 债券代码：102481776 | 债券简称：24 | 沪港务 | MTN001 | | 债券代码：102280878 | 债券简称：22 | 沪港务 | MTN002 | | 债券 ...

上海国际港务（集团）股份有限公司监事会 关于第三届监事会第二十九次会议相关事项的核查意见 上海国际港务(集团)股份有限公司(以下简称:"公司")监事会于 2024 年 8 月 26 日召开了第三届监事会第二十九次会议。根据《中华人民共和国公司法》 〈以下简称:"《公司法》")、《中华人民共和国证券法》、《上市公司股权激励 管理办法》(以下简称:"《管理办法》")、《国有控股上市公司(境内)实施股 权激励试行办法》(以下简称："《试行办法》"）等相关法律法规、规范性文件 以及《上海国际港务（集团）股份有限公司章程》、《上海国际港务（集团）股份 有限公司 A 股限制性股票激励计划(草案)》(以下简称:"《激励计划》"或"本 激励计划")、《上海国际港务(集团)股份有限公司 A 股限制性股票激励计划实 施管理办法》、《上海国际港务(集团)股份有限公司 A 股限制性股票激励计划实 施考核办法》等相关规定,公司监事会对第三届监事会第二十九次会议的相关事 项进行了核查,并发表核查意见如下: 一、《关于公司 A 股限制性股票激励计划首次授予部分第一个限售期解除限 售条件成就的议案》的核查意见 经核查,监事会认为: (一)公 ...