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。 一、董事会召开情况 公司十届六次临时董事会于 2023 年 8 月 15 日以通讯方式召开。 会议通知于 2023 年 8 月 9 日以直接送达、电子邮件等方式发出。会议 应出席董事 9 名，实际出席董事 9 名。会议由董事长焦广军先生召集 并主持。会议的通知、召开、表决程序符合法律、法规、规范性文件 及《公司章程》的规定，会议合法有效。 二、董事会审议情况 1.审议通过《天津港股份有限公司关于职业经理人 2020 年-2022 年任期内综合考核评价情况和续聘人选的议案》 为深入推进世界一流绿色智慧枢纽港口建设，创新企业领导人员 管理方式，公司于 2020 年开展职业经理人选聘工作，并搭建职业经理 人团队，开展 2020 年至 2022 年为期三年的经营工作。截止目前，该 聘期任期已满。 证券代码：600717 证券简称：天津港 公告编号：临 2023-018 天津港股份有限公司十届六次临时董事会决议公告 综合职业经理人任期履职情况、综合考核评价结果、经营业绩考 核结果及本人意 ...

证券代码：600717 证券简称：天津港 公告编号：临 2023-017 余加先生辞职未导致公司第十届监事会人数低于法定最低人数， 公司将按照相关规定，尽快完成监事的补选工作。 公司监事会对余加先生在担任监事及监事会主席期间为公司及 监事会工作所做出的贡献表示衷心感谢。 天津港股份有限公司关于监事会主席辞职的公告 特此公告。 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。 公司监事会收到监事会主席余加先生的辞职申请。因工作变动， 余加先生申请辞去公司第十届监事会主席及监事职务。辞职后，余加 先生不再担任公司任何职务。 天津港股份有限公司监事会 2023 年 8 月 8 日 ...

Financial Performance - In Q1 2023, the net profit attributable to shareholders of the listed company was CNY 279,965,285.57, an increase of 115.15% compared to the same period last year[20] - The company's operating income increased significantly, contributing to a net profit increase of 115.06% when excluding non-recurring gains and losses[9] - The total comprehensive income for Q1 2023 was CNY 424,478,412.42, compared to CNY 162,061,528.87 in the previous year, marking a significant growth[20] - The company reported a basic and diluted earnings per share of CNY 0.10, up from CNY 0.04 in the same quarter last year[20] - Operating profit for Q1 2023 was ¥490,339,454.84, up 96.55% from ¥249,430,795.58 in the same period last year[52] - Net profit for Q1 2023 amounted to ¥406,346,892.51, representing a significant increase of 119.93% compared to ¥185,195,295.58 in Q1 2022[52] Cash Flow - The net cash flow from operating activities reached CNY 406,346,892.51, reflecting a substantial increase of 1,387.35% year-on-year[9] - The net cash flow from operating activities for Q1 2023 was ¥329,718,516.26, showing a remarkable increase of 1,387.35% compared to the same period last year[29] - The company reported a decrease in cash outflows related to operating activities, totaling ¥2,324,519,841.34 in Q1 2023, down from ¥2,469,722,983.63 in Q1 2022[29] - The company reported a net cash outflow from investing activities of ¥120,250,687.50 in Q1 2023, an improvement from a net outflow of ¥268,143,536.00 in Q1 2022[55] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to ¥34,341,836,071.60, a slight increase of 0.72% from the end of the previous year[30] - The total liabilities as of Q1 2023 were ¥9,430,109,365.25, a decrease from ¥9,506,653,253.92 in the previous year[26] - Current liabilities decreased to 4,962,862,697.78 from 5,268,163,144.36, indicating a reduction of approximately 5.79%[41] - Total liabilities decreased to ¥9,231,005,641.99 in Q1 2023 from ¥9,430,109,365.25 in the previous year, reflecting a reduction of approximately 2.11%[52] Shareholder Information - The total number of common shareholders at the end of the reporting period is 86,463, with the largest shareholder, Xianchuang Investment Co., Ltd., holding 1,644,213,619 shares, representing 56.81% of the total[33] - The total number of shares held by the top ten shareholders accounts for 59.25% of the total shares outstanding[33] Research and Development - Research and development expenses rose by 148.82%, indicating a strong commitment to innovation and product development[9] - Research and development expenses in Q1 2023 were ¥10,406,850.31, a substantial increase of 148.00% from ¥4,182,424.76 in Q1 2022[52] Inventory and Receivables - The company's inventory increased by 107.18%, indicating potential growth in sales or production[9] - The company reported a significant increase in inventory, which rose to 172,561,290.89 from 83,291,560.90, marking an increase of approximately 106.00%[39] - The company experienced a 68.75% decrease in notes receivable, suggesting improved cash flow management[9] - Accounts receivable increased to 1,347,844,948.98 from 1,334,815,568.73, showing a slight growth of 0.98%[39] Equity - The equity attributable to shareholders of the listed company was ¥18,240,365,865.69, which is a 1.75% increase compared to the previous year-end[30] - Total equity attributable to shareholders increased to ¥18,240,365,865.69 in Q1 2023, up from ¥17,926,249,845.01 in Q1 2022, marking a growth of 1.75%[52]

重要内容提示： 会议召开时间：2023 年 04 月 20 日(星期四)下午 14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 13 日(星期四)至 04 月 19 日(星期 三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 tianjinport@tianjin-port.com 进行提问。公司将在 说明会上对投资者普遍关注的问题进行回答。 天津港股份有限公司（以下简称"公司"）已于 2023 年 03 月 25 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公 司 2022 年度经营成果、财务状况，公司计划于 2023 年 04 月 20 日下 午 14:00-15:00 举行 2022 年度业绩说明会，就投资者关心的问题进 行交流。 证券代码：600717 证券简称：天津港 公告编号：2023-007 天津港股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不 ...

Financial Performance - Revenue for 2022 was approximately ¥10.82 billion, representing a decrease of 25.20% from ¥14.47 billion in 2021, and achieved 98.38% of the annual budget of ¥11 billion[15]. - Net profit attributable to shareholders was ¥740 million, down 23.90% from ¥973 million in 2021[8]. - The company reported a net cash flow from operating activities of approximately ¥2.39 billion, a decrease of 14.01% from ¥2.78 billion in 2021[8]. - The total assets at the end of 2022 were approximately ¥34.10 billion, a decrease of 0.84% from ¥34.39 billion at the end of 2021[8]. - The company’s net assets attributable to shareholders increased by 3.13% to approximately ¥17.93 billion at the end of 2022, compared to ¥17.38 billion at the end of 2021[8]. - The gross margin for the stevedoring business was 27.84%, with a decrease of 3.13 percentage points compared to the previous year[25]. - The company’s cash and cash equivalents decreased by 436,372,451.22 RMB during the reporting period[31]. - The company declared a cash dividend of CNY 1.01 per 10 shares, totaling CNY 292,294,104.84, which represents 30.05% of the net profit attributable to ordinary shareholders in the consolidated financial statements[130]. - The total cash dividend amount also accounts for 30.05% of the net profit attributable to ordinary shareholders in the consolidated financial statements[130]. Operational Highlights - The company achieved a total cargo throughput of 443 million tons in 2022, a slight increase of 0.17% compared to the previous year, and completed 98.67% of the annual budget of 449 million tons[15]. - The overall shipping market is experiencing a downturn, indicating significant downward pressure on port container import and export volumes[17]. - The company completed the acquisition of 100% equity in Orient Overseas Container Terminal (Tianjin) Co., Ltd., indirectly increasing its stake in Tianjin Port Alliance International Container Terminal Co., Ltd. to 60%[34]. - The company is focusing on technological innovation and digital empowerment to enhance the automation level of bulk cargo operations[16]. - The company aims to enhance its digital development level and customer service experience through ongoing technological advancements[30]. - The company plans to expand its market presence through the development of a digital twin-based panoramic visualization safety control system for container terminals[53]. - The company is committed to digital transformation and the construction of a "smart port" to enhance operational efficiency and safety[53]. Research and Development - The company has 437 R&D personnel, accounting for 12.5% of the total workforce[30]. - The company has developed key technologies for dust suppression in bulk cargo operations, enhancing environmental compliance and operational efficiency[30]. - The company has completed the development of a high-pressure mist spraying system for ore hoppers, which significantly improves dust suppression efficiency and operational safety[53]. - The company has established an intelligent weighing monitoring and data collection system to improve the standardization and efficiency of weighing operations[53]. - The company has invested H million in R&D for new technologies, aiming to improve product efficiency and customer satisfaction[155]. Market and Strategic Initiatives - The company expects to achieve a cargo throughput of 445 million tons in 2023, including a container throughput of 20.08 million TEU, with projected revenue of 9.2 billion RMB and a total profit of 1.58 billion RMB[63]. - Fixed asset investment is anticipated to total 1.616 billion RMB in 2023, emphasizing the company's commitment to growth despite the lack of performance guarantees to investors[63]. - The company aims to leverage national strategic opportunities such as the Belt and Road Initiative and the coordinated development of the Beijing-Tianjin-Hebei region to enhance its competitive position[88]. - The company is actively pursuing the construction of key projects and enhancing capital operation capabilities to ensure sustainable development and value creation for shareholders[84]. Governance and Compliance - The company has established 224 internal control systems by the end of 2022, with 14 new systems added and 23 revised during the year[110]. - The company has implemented a comprehensive internal control and compliance work strategy, emphasizing both supervision and support[110]. - The company conducted a self-evaluation of internal controls and compliance systems during 2022[110]. - The company has established a training mechanism for compliance personnel to enhance governance and legal knowledge[110]. - The company has ensured that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[106]. Risks and Challenges - The company acknowledges potential risks related to macroeconomic conditions, national industrial policy changes, and competition for international container hub status[88]. - The company anticipates that economic policies and industrial strategies will gradually support economic recovery, providing a strong foundation for port development[83]. Employee and Organizational Structure - The total number of employees is 5,781, with 2,968 holding a bachelor's degree or higher[104]. - The total number of employees in the parent company is 171, while the main subsidiaries employ 5,610, resulting in a total of 5,781 employees[127]. - The company has 1,144 production staff, 1,970 business personnel, 1,294 technical staff, and 242 financial personnel[127]. Financial Reporting and Compliance - The financial statements comply with accounting standards, ensuring accurate reflection of the company's financial position and performance[155]. - The company has included a total of 41 subsidiaries in its consolidated financial statements for the year[190]. - The consolidated financial statements are prepared based on the financial statements of the parent company and its subsidiaries, with necessary adjustments for internal transactions[6]. - The company applies consistent accounting policies and periods for its subsidiaries to ensure uniformity in financial reporting[6].

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,369,616,078.21, a decrease of 37.49% compared to ¥3,790,595,927.90 in the same period last year[9]. - Net profit attributable to shareholders was ¥225,579,363.73, representing a 20.96% increase from ¥186,488,480.03 year-on-year[9]. - Total operating revenue for the first three quarters of 2022 was ¥8,081,274,213.47, a decrease of 27.2% compared to ¥11,109,105,608.10 in the same period of 2021[31]. - Net profit for the first three quarters of 2022 was ¥1,071,269,348.04, an increase of 7.1% from ¥999,873,246.10 in 2021[32]. - Earnings per share for the first three quarters of 2022 was ¥0.26, compared to ¥0.23 in the same period of 2021[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥34,385,448,778.12, reflecting a 1.57% increase from the previous year[9]. - Total non-current assets reached ¥27,357,751,331.60, compared to ¥27,043,331,127.26, showing a growth of around 1.16%[26]. - The company's total liabilities decreased to ¥10,183,298,907.73 from ¥11,523,286,947.60 year-over-year, a reduction of 11.6%[30]. - Total equity increased to ¥24,740,927,056.75 from ¥22,862,161,830.52, reflecting a growth of 8.2%[30]. - The company’s total liabilities decreased, with a notable reduction in short-term borrowings, indicating improved financial stability[26]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,768,061,797.45, down 14.82% from ¥2,075,655,985.45 in the same period last year[9]. - Operating cash inflow for the first three quarters of 2022 was CNY 8,269,407,291.30, a decrease of 18.8% compared to CNY 10,180,682,289.71 in the same period of 2021[37]. - Cash and cash equivalents increased to ¥5,338,502,049.72 from ¥4,772,238,293.17, representing a growth of about 11.85% year-over-year[23]. - Cash inflow from financing activities totaled CNY 1,736,150,228.55, compared to CNY 1,992,494,491.04 in the same period of 2021[39]. - Cash outflow for financing activities was CNY 2,738,014,913.75, a decrease from CNY 2,933,229,541.06 in the same period of 2021[39]. Expenses - The company’s research and development expenses decreased by 52.40% due to changes in the scope of consolidation[16]. - Research and development expenses for the first three quarters of 2022 were ¥24,875,426.80, significantly lower than ¥52,262,364.71 in 2021, a decrease of 52.4%[31]. - The company reported a decrease in financial expenses to ¥153,477,728.36 from ¥261,942,638.06, a reduction of 41.5%[31]. - Total operating costs for the first three quarters of 2022 were ¥7,183,992,914.26, down 28.5% from ¥10,098,685,588.45 in 2021[31]. Inventory and Receivables - The company reported a 57.02% increase in inventory, attributed to increased materials at subsidiaries[16]. - The company experienced a 92.54% decrease in notes receivable, primarily due to a reduction at subsidiaries[16]. - Accounts receivable rose to ¥1,545,468,945.30, up from ¥1,494,562,043.05, indicating an increase of approximately 3.43%[23]. - The company reported a significant increase in other receivables, which rose to ¥52,679,562.84 from ¥27,889,112.60, marking an increase of approximately 88.25%[23].

证券代码：600717 证券简称：天津港 公告编号：临 2022-023 天津港股份有限公司 关于举办"2022 年度天津辖区上市公司半年报业绩说 明会与投资者网上集体接待日"活动的公告 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、准确性和完整性承担个 别及连带责任。 重要内容提示: ●会议召开时间：2022 年 9 月 6 日（星期二）下午 15:00-16:30 ●会议召开地点："全景路演"（ http://rs.p5w.net） ●会议召开方式：网络互动方式 为加强与投资者的沟通交流，进一步提高公司的投资者保护工作水 平，根据天津上市公司协会发布的《关于举办"2022 年度天津辖区上市 公司半年报业绩说明会与投资者网上集体接待日"活动的通知》的相关 要求，天津港股份有限公司（以下简称"公司"）将参加由天津上市公 司协会举办的"2022 年度天津辖区上市公司半年报业绩说明会与投资者 网上集体接待日"活动，现将有关事项公告如下： 公司定于 2022 年 9 月 6 日（星期二）下午 15:00-16:30 在全景网 举办 2022 年度半年报业绩说明 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥5,711,658,135.26, a decrease of 21.96% compared to ¥7,318,509,680.20 in the same period last year[22]. - Net profit attributable to shareholders was ¥523,488,740.02, representing an increase of 8.37% from ¥483,063,232.79 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥413,474,705.99, down 10.43% from ¥461,646,316.81 in the same period last year[22]. - The total profit for the first half of 2022 was 894 million RMB, down 3.36% year-on-year, mainly due to changes in the scope of consolidation[33]. - The company reported a total comprehensive income of -45,884,822.90 RMB for the first half of 2022[149]. - The total comprehensive income for the first half of 2022 was CNY 662,433,343.42, an increase from CNY 595,495,006.59 in the previous year[130]. - The company’s net profit attributable to shareholders was CNY 523,488,740.02, up from CNY 483,063,232.79 in the first half of 2021, reflecting a growth of 8.0%[128]. Cash Flow - The net cash flow from operating activities was ¥1,143,673,330.24, an increase of 2.58% compared to ¥1,114,881,081.29 in the previous year[22]. - The cash flow from operating activities generated a net inflow of CNY 1,143,673,330.24, slightly up from CNY 1,114,881,081.29 in the first half of 2021[138]. - The total cash inflow from operating activities was 43,002,126.04 RMB, significantly higher than 19,407,409.43 RMB in the previous year[143]. - The company reported a decrease in cash and cash equivalents to ¥1,032,070,069.05 from ¥2,005,375,324.32, a decrease of about 48.6%[122]. - The company received 35,000,000.00 RMB from the recovery of investments, an increase from 20,000,000.00 RMB in the previous year[143]. Assets and Liabilities - The total assets at the end of the reporting period were ¥34,446,603,695.65, a slight increase of 0.18% from ¥34,385,448,778.12 at the end of the previous year[22]. - The total liabilities decreased to ¥10,530,238,097.99 from ¥11,523,286,947.60, a reduction of approximately 8.63%[116]. - The company’s total assets decreased to ¥17,714,494,734.15 from ¥18,193,496,881.19, a decline of about 2.6%[124]. - Total current assets decreased to ¥6,970,758,478.55 from ¥7,342,117,650.86, a decline of approximately 5.03%[114]. - The company’s long-term borrowings decreased to ¥92,450,000.00 from ¥669,750,000.00, a decrease of approximately 86.2%[124]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 91,046[105]. - The largest shareholder, Xianchuang Investment Co., Ltd., holds 1,644,213,619 shares, representing 56.81% of total shares[105]. - The report indicates no changes in the shareholding of the controlling shareholder during the reporting period[108]. - There are no pledged or frozen shares among the top shareholders[108]. - The report does not indicate any strategic investors or general corporations becoming top ten shareholders due to new share placements[110]. Operational Highlights - The company achieved a total throughput of 222 million tons in the first half of 2022, a decrease of 0.15% year-on-year[33]. - Container throughput reached 10.039 million TEUs, down 2.5% compared to the same period last year[33]. - The company is actively expanding port functions and enhancing risk resistance capabilities, adhering to a sustainable development strategy[29]. - The company is focusing on the construction of smart and green ports, continuously pushing for innovation and digital transformation[33]. Environmental and Safety Measures - The company has implemented various environmental protection measures, including wastewater treatment systems and pollution prevention facilities[62][63]. - The company is committed to building a green port, focusing on clean production and pollution control to achieve sustainable development[70]. - The company has established emergency response plans for environmental incidents and conducts regular monitoring of wastewater treatment[65][66]. Financial Management - The company reported a decrease in financial expenses to CNY 118,179,309.60, down from CNY 183,859,398.63 in the first half of 2021[128]. - The company generated interest income of 17,546,755.56 from deposits with Tianjin Port Financial Co., ensuring the deposit rate is not lower than the same period's commercial bank deposit rates[85]. - The company has established a daily related transaction framework agreement with related parties, ensuring fair pricing based on market standards[83]. Risks and Challenges - The company faces economic fluctuation risks, as its performance is closely tied to the national economic development and port cargo throughput[51]. - Changes in national industrial policies pose risks, as the port transportation sector is heavily influenced by government support and regulations[51]. - The competition for international container hub status is intensifying, with major ports in the Bohai Rim actively expanding capacity[52].

2022 年第一季度报告 单位：元 币种：人民币 1 / 12 证券代码：600717 证券简称：天津港 天津港股份有限公司 2022 年第一季度报告 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、准确性和完整性承担个别及连带责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------|-------------------|------------------|--------------------------------------------- ...

Financial Performance - The company's operating revenue for 2021 was CNY 14,468,286,865.78, representing a 4.45% increase from CNY 13,851,620,571.49 in 2020[23] - Net profit attributable to shareholders for 2021 was CNY 972,831,399.50, a significant increase of 41.66% compared to CNY 686,723,625.75 in 2020[23] - The net cash flow from operating activities for 2021 was CNY 2,778,025,908.29, reflecting a 12.79% increase from CNY 2,463,047,118.93 in 2020[23] - The total assets at the end of 2021 were CNY 34,385,448,778.12, which is an 8.36% decrease from CNY 37,522,984,073.74 in 2020[23] - The company's net assets attributable to shareholders at the end of 2021 were CNY 17,382,690,157.80, a 3.23% increase from CNY 16,838,927,723.19 in 2020[23] - Basic earnings per share for 2021 were CNY 0.34, up 41.67% from CNY 0.24 in 2020[23] - The weighted average return on equity for 2021 was 5.67%, an increase of 1.53 percentage points from 4.14% in 2020[23] - The net profit after deducting non-recurring gains and losses for 2021 was CNY 587,557,504.83, a decrease of 10.95% from CNY 659,802,766.41 in 2020[23] Operational Highlights - In 2021, the company achieved a total cargo throughput of 442 million tons, a year-on-year increase of 4.99%, meeting the annual budget target of 442 million tons at 100%[32] - The company reported a total profit of 1.809 billion yuan, an increase of 22.96% year-on-year, surpassing the annual budget of 1.488 billion yuan by 21.59%[32] - The company recorded a significant increase in container throughput, surpassing 20 million TEUs for the first time in history[32] - Container throughput reached 20.2 million TEU, an increase of 10.08% compared to the previous year, exceeding the annual budget of 19.8 million TEU by 102.01%[44] - The company is focusing on digital port construction and has made breakthroughs in smart port applications, enhancing operational efficiency[36] Strategic Initiatives - The company plans to continue expanding its market presence through strategic partnerships and customer relationship management[36] - The company aims to enhance its environmental management systems and has implemented various green technology projects[33] - The company is strategically positioned to benefit from the "Belt and Road" initiative and the development of the Xiong'an New Area, enhancing its operational capabilities[38] - The company is adapting to external policy changes and market conditions to optimize its investment management and operational efficiency[38] Financial Management - The company plans to distribute a cash dividend of CNY 1.01 per 10 shares, totaling CNY 292,294,104.84[8] - The company reported a retained earnings balance of CNY 6,744,775,325.97 to be carried forward for future distribution[8] - The company’s management expenses rose by 16.19% due to increased employee compensation and pandemic-related expenditures[47] Research and Development - Research and development expenses totaled CNY 144,468,399.37, accounting for 1.00% of total revenue[58] - The company employed 646 R&D personnel, representing 12.6% of the total workforce[58] - The implementation of the bulk container technology has improved packing efficiency to 3 containers (70 tons) per hour, filling a gap in the company's packing capabilities[64] Governance and Compliance - The company operates independently from its controlling shareholder, with clear asset ownership and management systems in place[113] - All proposals submitted to the shareholders' meeting were approved without any rejections[114] - The company has not reported any significant internal control deficiencies during the reporting period[152] - The company has conducted a comprehensive self-examination and rectification of corporate governance issues, including amendments to the Articles of Association regarding voting rights to protect minority shareholders' interests[154] Environmental Initiatives - The company has committed to green development by promoting environmental management systems and applying clean energy technologies[98] - The company has undertaken 38 energy-saving projects and 26 green port projects, receiving recognition as a four-star green port and an Asia-Pacific green port[172] - The company is actively promoting the application of shore power technology to reduce pollution and enhance operational efficiency[169] Future Outlook - The company expects to achieve a cargo throughput of 449 million tons in 2022, including a container throughput of 20.4 million TEU, with projected revenue of 11 billion yuan and a total profit of 1.67 billion yuan[95] - The company anticipates a stable economic recovery supported by domestic demand expansion and new infrastructure initiatives[93]