证券代码：600717 证券简称：天津港 公告编号：临 2021-020 天津港股份有限公司 关于举行投资者"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：2021 年 5 月 19 日（星期三）下午 15:00-16:30 ●会议召开地点："全景·路演天下"（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"天津辖区上市公司网上 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"加强公司治理，提高 公司质量——做积极回报投资者，让投资者满意的上市公司"活动，现 将有关事项公告如下： 公司定于 2021 年 5 月 19 日（周三）15:00-16:30 在全景网举办 2021 年度网上集体接待日活动，本次活动将采用网络远程的方式举行， 投资者可登录"全景•路演天下"（http:// ...

2021 年第一季度报告 公司代码：600717 公司简称：天津港 天津港股份有限公司 2021 年第一季度报告 1 / 26 2021 年第一季度报告 | --- | --- | |-------|--------------| | | | | | | | | 目录 | | | | | 一、 | 重要提示 | | i i | 公司基本情况 | | 三、 | 重要事项 | | 四、 | 附录 | 2 / 26 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|------------------|--------------| | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | 刘庆顺 | 董事 | 因公出差 | 鞠兆欣 | | 安国利 | 董事 | 因公出差 | 薛晓莉 | | ...

Financial Performance - The company's operating revenue for 2020 was approximately CNY 13.43 billion, an increase of 4.19% compared to CNY 12.88 billion in 2019[22]. - The net profit attributable to shareholders for 2020 was approximately CNY 686.53 million, representing a growth of 14.04% from CNY 602.01 million in 2019[22]. - The net cash flow from operating activities increased by 20.55% to approximately CNY 2.24 billion, up from CNY 1.86 billion in 2019[22]. - The total assets as of the end of 2020 were approximately CNY 35.98 billion, a 2.50% increase from CNY 35.11 billion at the end of 2019[22]. - The net assets attributable to shareholders at the end of 2020 were approximately CNY 16.84 billion, reflecting a 3.10% increase from CNY 16.33 billion in 2019[22]. - The basic earnings per share for 2020 were CNY 0.31, a decrease of 6.06% compared to CNY 0.33 in 2019[23]. - The weighted average return on equity for 2020 was 4.14%, an increase of 0.39 percentage points from 3.75% in 2019[23]. - The total profit for the year was 1.405 billion RMB, an increase of 6.44% from 1.320 billion RMB in the previous year[46]. - The company’s asset-liability ratio was 36.92%, a decrease of 0.08 percentage points from the end of the previous year[46]. - The company reported a net profit of 304.34 million yuan for Tianjin Port Container Terminal Co., Ltd. in 2020, with operating revenue of 1.38 billion yuan[80]. - Tianjin Port Pacific International Container Terminal Co., Ltd. achieved a net profit of 303.72 million yuan in 2020, with operating revenue of 1.132 billion yuan[80]. - The company reported a net loss of 98.37 million yuan for Tianjin Port First Terminal Co., Ltd. in 2020, with operating revenue of 624.63 million yuan[80]. Cash Flow and Dividends - The company proposed a cash dividend of CNY 0.86 per 10 shares, totaling approximately CNY 207.40 million, along with a distribution of 2 bonus shares for every 10 shares held[7]. - The company reported a retained earnings balance of approximately CNY 6.29 billion to be carried forward for future distribution[7]. - The company reported a cash dividend of 0.86 yuan per 10 shares for 2020, totaling 207,403,407.75 yuan, which represents 30.21% of the net profit attributable to ordinary shareholders[92]. - The total number of ordinary shares increased from 2,009,722,944 to 2,411,667,532, reflecting an increase of 401,944,588 shares due to a stock dividend distribution[137]. Operational Highlights - The company achieved a cargo throughput of 42.104 million tons in 2020, an increase of 2.24% compared to 41.183 million tons in the previous year[38]. - The company completed container throughput of 1.835 million TEU, achieving 100% of the annual target and a growth of 6.32% year-on-year[46]. - The company has successfully implemented the world's first fully automated container terminal transformation, leading in the application of unmanned electric trucks[43]. - The logistics business saw a revenue increase of 14.40%, with a gross profit margin increase of 11.87 percentage points[52]. - The company reported a significant increase in container throughput, achieving a total of 1.2 million TEUs, representing a 15% year-over-year growth[159]. Strategic Initiatives - The company is positioned as a major player in the port logistics industry, benefiting from strategic initiatives like the Belt and Road Initiative and the development of the Xiong'an New Area[32]. - The company aims to enhance its service integration and hub capabilities in response to the evolving global logistics landscape[32]. - The company has experienced a strategic opportunity period following the emphasis on developing a world-class smart and green port by national leadership[35]. - The company is focusing on integrating new technologies such as 5G, blockchain, and AI into port operations[57]. - The company plans to enhance its core competitiveness in port handling services and focus on sustainable development through resource integration and capital operation[82]. - The company is committed to improving service efficiency and optimizing transportation structure to achieve higher quality development[83]. - The company is focusing on innovation and automation in production and services, including remote control technology for bulk cargo terminals[86]. - The company is committed to sustainability initiatives, aiming to reduce operational carbon emissions by 25% over the next five years[156]. Research and Development - Research and development expenses increased by 28.65% to 150.2 million RMB from 116.8 million RMB in the previous year[47]. - Research and development expenses totaled CNY 150,203,630.31, accounting for 1.12% of total operating revenue[56]. - The company applied for 79 national patents, including 24 invention patents, and was granted 53 patents[57]. - The company invested 50 million in R&D for new technologies aimed at enhancing user experience[149]. - Research and development investments have increased by 10%, focusing on innovative technologies to enhance operational efficiency[163]. Risk Management - The company has outlined potential risks in its future development plans, emphasizing the importance of investor awareness regarding these risks[8]. - The company faces risks related to economic fluctuations, changes in national industrial policies, and competition for international container hub status[87]. - The company has established emergency response plans for environmental incidents, ensuring preparedness for potential environmental challenges[128]. Governance and Compliance - The company has established a sound internal control system to ensure compliance with laws and regulations[176]. - The board of directors consists of independent directors accounting for one-third of the total number of directors[178]. - The company has not faced any penalties from securities regulatory agencies in the past three years[171]. - The company maintains transparent information disclosure practices, ensuring timely and accurate communication with investors[180]. - The company has disclosed its 2020 internal control self-assessment report, which indicates no significant deficiencies[198]. Employee and Management - The total number of employees in the parent company is 154, while the total number of employees in the parent company and major subsidiaries is 7,254[171]. - The company emphasizes a performance-based remuneration policy linking responsibility and benefits, as well as performance and salary[172]. - The company has implemented a training plan focusing on the development of young talent and enhancing their comprehensive capabilities[173]. - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.814 million yuan (pre-tax)[167]. Related Party Transactions - The company engaged in related party transactions with Tianjin Port Group Co., Ltd., involving the purchase of water for a total amount of ¥19,268,791.03, accounting for 0.36% of similar transactions[106]. - The company purchased electricity from Tianjin Port Group Co., Ltd. for ¥163,968,171.43, representing 3.06% of similar transactions[106]. - The company provided labor services to Tianjin Port Group Co., Ltd. for ¥762,077,790.00, which constitutes 37.69% of similar transactions[106]. - The company has established a framework agreement for daily related party transactions, ensuring fair pricing based on government pricing or market standards[109].

Financial Performance - Operating revenue for the first nine months was ¥9,601,299,868.97, representing a year-on-year increase of 1.88%[18] - Net profit attributable to shareholders of the listed company was ¥625,093,813.89, up 3.11% from the same period last year[18] - Basic earnings per share decreased by 14.71% to ¥0.29 compared to ¥0.34 in the previous year[18] - The net profit for the first three quarters of 2020 was ¥933,676,955.21, compared to ¥911,836,639.85 in the same period of 2019, showing a growth of 2.4%[55] - The total comprehensive income for Q3 2020 was ¥402,298,715.64, compared to ¥371,356,616.65 in Q3 2019, indicating an increase of 8.3%[57] - The net profit for the first three quarters of 2020 was CNY 635,358,399.33, down 13.8% from CNY 737,076,384.39 in the same period of 2019[61] Assets and Liabilities - Total assets at the end of the reporting period reached ¥35,538,507,128.98, an increase of 1.23% compared to the end of the previous year[18] - Total liabilities decreased to $2.27 billion from $2.55 billion, representing a reduction of about 10.9%[48] - Total assets increased to $18.11 billion as of September 30, 2020, compared to $17.93 billion at the end of 2019, reflecting a growth of approximately 1%[48] - Total liabilities reached ¥12,989,945,857.73, with current liabilities at ¥6,802,619,669.07[81] - Total assets amounted to ¥35,106,520,852.28, with non-current assets at ¥27,958,219,674.38[79] Cash Flow - Net cash flow from operating activities for the first nine months was ¥1,776,114,059.98, an increase of 10.99% year-on-year[18] - The company reported a net cash flow from operating activities of CNY 1,776,114,059.98 for the first three quarters of 2020, an increase of 11% compared to CNY 1,600,237,826.87 in 2019[66] - The net cash flow from investment activities was ¥426,344,727.34 for the first three quarters of 2020, compared to ¥217,374,769.79 in 2019, marking an increase of around 96.2%[72] - The company reported cash outflows from investment activities totaling ¥101,602,862.50 in 2020, down from ¥637,881,162.07 in 2019, reflecting a decrease of approximately 84.1%[72] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥16,767,696,271.43, reflecting a growth of 2.66% year-on-year[18] - The top shareholder, Xianchuang Investment Co., Ltd., holds 56.81% of the shares, totaling 1,370,178,016 shares[22] - Shareholders' equity increased to $15.84 billion from $15.38 billion, reflecting a growth of approximately 3%[50] Expenses and Reserves - Research and development expenses for Q3 2020 amounted to ¥27,848,788.49, a 21.1% increase from ¥22,854,027.13 in Q3 2019[53] - Employee compensation payable rose to ¥144,209,046.38 from ¥97,373,430.03, an increase of 48.10% due to higher salary obligations at subsidiaries[28] - Special reserves increased significantly to ¥25,906,536.59 from ¥4,921,352.33, a 426.41% rise due to increased safety production fees at subsidiaries[28] Other Financial Indicators - The company has not disclosed any significant changes in accounting items or financial indicators for the reporting period[26] - The report is unaudited, ensuring the accuracy and completeness of the financial statements[17] - The company incurred financial expenses of CNY 25,085,298.52 in the first three quarters of 2020, down 55.2% from CNY 55,847,223.06 in the same period of 2019[61]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 5,956,723,166.34, representing a decrease of 5.93% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 384,679,744.58, down by 2.05% year-on-year[22]. - The net cash flow from operating activities was CNY 1,112,875,220.84, a decrease of 5.09% compared to the previous year[22]. - The total assets at the end of the reporting period were CNY 35,106,520,852.28, showing a slight decrease of 0.04% from the end of the previous year[22]. - The basic earnings per share for the first half of 2020 was CNY 0.19, down 17.39% from CNY 0.23 in the same period last year[23]. - The total profit for the first half of 2020 was 734 million RMB, an increase of 5.44% year-on-year[36]. - Net profit attributable to the parent company was 377 million RMB, a decrease of 2.05% compared to the previous year[36]. - The total comprehensive income for the first half of 2020 was ¥484,080,407.21, down from ¥701,819,224.17 in the same period last year[125]. - The company reported a net profit attributable to shareholders of 602,008,118.30 yuan for the year 2019, with a cash dividend of 0.90 yuan per 10 shares[84]. Operational Metrics - In the first half of 2020, the company achieved a total throughput of 201 million tons, an increase of 1.4% year-on-year[36]. - Container throughput reached 8.572 million TEU, representing a year-on-year growth of 3.09%[36]. - The national port cargo throughput reached 6.752 billion tons, a year-on-year increase of 0.6%[29]. - The coastal port cargo throughput was 4.499 billion tons, reflecting a growth of 0.1% compared to the previous year[29]. Investments and Subsidiaries - The company completed an investment of 8 million RMB in its subsidiary Tianjin Foreign Trade Customs Declaration Co., Ltd.[42]. - The total revenue for Tianjin Port Pacific International Container Terminal Co., Ltd. reached ¥533,590,891.14, with a net profit of ¥142,536,350.53[47]. - Tianjin Port First Terminal Co., Ltd. reported a net loss of ¥48,486,256.62, with an operating revenue of ¥303,816,746.28[47]. - The total assets of Tianjin Port Container Terminal Co., Ltd. amounted to ¥3,819,816,883.14, generating a net profit of ¥120,965,284.29[47]. Risk Factors - The company faces risks related to economic fluctuations, which could impact operational performance due to its reliance on national economic conditions[48]. - Changes in national industrial policies pose a risk to the company's operations, as the port industry is heavily influenced by government support and regulations[49]. - The competition for international container hub status is intensifying, with significant investments in capacity expansion by competing ports in the Bohai Rim region[50]. Strategic Initiatives - The company aims to enhance its risk resistance capabilities and pursue sustainable development strategies to achieve long-term stability[29]. - The company is focusing on transforming into a green, smart, and world-class port to enhance its competitive advantage[33]. - The company plans to leverage national strategic opportunities such as the Belt and Road Initiative to enhance its competitive position in the shipping industry[50]. Related Party Transactions - The total amount of related party transactions for the company reached approximately CNY 7.44 billion, with significant contributions from various services and goods purchased[60]. - The company purchased water from Tianjin Port Group for CNY 7,929,964.27, accounting for 0.30% of similar transactions[60]. - The company provided labor services to Tianjin Port Group, generating revenue of CNY 310,870,187.62, which is 32.32% of similar transactions[60]. - The company has established a daily related party transaction framework agreement, ensuring fair pricing based on government pricing or market standards[61]. Environmental Initiatives - The company has established a wastewater treatment system to ensure zero emissions of pollutants from its subsidiaries[71]. - The company actively promotes the concept of "lucid waters and lush mountains are invaluable assets" and aims to build a world-class green port[79]. - The company has implemented an emergency response plan for environmental incidents, which has been filed with the Tianjin Binhai New Area Environmental Bureau[74]. - The company is advancing research in shore power technology to mitigate pollution through technological means[79]. Financial Position - The company's asset-liability ratio stood at 36.22%[36]. - Cash and cash equivalents amounted to ¥4,328,471,875.46 as of June 30, 2020, slightly up from ¥4,324,369,600.48 at the end of 2019[110]. - Total liabilities decreased to ¥12,710,236,810.95 from ¥12,989,945,857.73, indicating a reduction of approximately 2.14%[112]. - Owner's equity increased to ¥22,382,477,962.89 from ¥22,116,574,994.55, reflecting a growth of about 1.20%[114]. Accounting Policies - The accounting policies comply with the requirements of the enterprise accounting standards, ensuring accurate financial reporting[167]. - The company has adopted new accounting policies effective from January 1, 2020, impacting the classification of pre-receipts and contract liabilities[80]. - The company classifies financial assets at initial recognition into three categories: amortized cost, fair value through other comprehensive income (debt instruments), and fair value through profit or loss[181].

证券代码：600717 证券简称：天津港 公告编号：临 2020-025 天津港股份有限公司 关于举行投资者"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：2020 年 6 月 10 日（星期三）下午 15:00-16:30 ●会议召开地点："全景·路演天下"（ http://rs.p5w.net） ●会议召开方式：网络互动方式 为进一步加强与投资者的沟通交流，根据天津上市公司协会发布的 《关于举办"天津辖区上市公司网上集体接待日"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"诚实守信 做受尊敬的上市公司——天津辖区上市公司 网上集体接待日"活动，现将有关事项公告如下： 受新型冠状病毒肺炎疫情的影响，为落实政府控制人员流动、减少 人群聚集的有关要求，本次活动将通过全景网线上平台举办。投资者可 登录"全景•路演天下"（ http://rs.p5w.net）参与公司本次活动，活 动时间为 2020 年 6 月 ...

公司代码：600717 公司简称：天津港 2020 年第一季度报告 天津港股份有限公司 2020 年第一季度报告 1 / 25 2020 年第一季度报告 | --- | --- | --- | --- | |-------|-------|-------|------------------| | | | | | | | | | | | | | | | | | | | 目录 | | | | | 一、重要提示 . | | | | | 二、公司基本情况 | | | | | 三、重要事项 . | | | | | 四、附录 | 2 / 25 2020 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人焦广军、主管会计工作负责人安国利及会计机构负责人（会计主管人员）毛永强 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- ...

Financial Performance - The company's operating revenue for 2019 was CNY 12,884,667,431.63, a decrease of 1.34% compared to CNY 13,060,241,154.96 in 2018[20] - Net profit attributable to shareholders for 2019 was CNY 602,008,118.30, representing a 12.16% increase from CNY 536,722,867.78 in 2018[20] - The net cash flow from operating activities was CNY 1,861,588,367.05, down 4.78% from CNY 1,955,080,259.90 in the previous year[20] - The total assets at the end of 2019 were CNY 35,106,520,852.28, an increase of 2.90% from CNY 34,115,914,145.05 in 2018[20] - The net assets attributable to shareholders at the end of 2019 were CNY 16,332,716,709.00, up 3.45% from CNY 15,788,003,436.97 in 2018[20] - Basic earnings per share for 2019 were CNY 0.33, compared to CNY 0.32 in 2018, reflecting a slight increase[21] - The weighted average return on equity for 2019 was 3.75%, an increase of 0.33 percentage points from 3.42% in 2018[21] - The total profit was 1.32 billion yuan, down by 0.11 billion yuan or 0.85% from the previous year, while the net profit attributable to shareholders increased by 0.65 billion yuan or 12.16% to 602 million yuan[45] - The company's total profit for 2019 was 1.32 billion RMB, a slight decrease of 0.85% from 1.33 billion RMB in the previous year, while net profit attributable to shareholders increased by 12.16% to 602 million RMB[55] Cash Flow and Investments - The company reported a net cash flow from operating activities of 1.862 billion RMB, a decrease of 4.78% year-on-year[57] - The company reported a net cash outflow from financing activities of CNY 1.60 billion, an increase of 8.76% compared to the previous year[83] - The company’s cash inflow from operating activities decreased by 2.28% to CNY 13.85 billion[81] - The company’s cash and cash equivalents decreased by CNY 305.25 million, a 77.85% improvement compared to the previous year[83] - The company’s investment losses amounted to CNY -482,222,854.87, a decrease from CNY -637,548,958.64 in the previous period, showing an improvement[84] - The company’s equity investments for the year amounted to CNY 350 million, an increase of 243.14% compared to the previous year[92] Operational Efficiency and Market Strategy - The company is focusing on expanding its market presence, enhancing operational efficiency, and establishing a large customer service system to improve service quality[46] - The company is actively implementing a transformation strategy to address operational losses and improve profitability[66] - The company is focusing on optimizing port business operations and has introduced a "sunshine pricing" policy to enhance competitiveness[63] - The company aims to enhance service efficiency and market expansion by implementing a "customer-first" approach and optimizing business processes[104] - The company is committed to improving its financial performance and has set ambitious targets for the upcoming fiscal year[171] - The company is investing in research and development to innovate new products and services in the maritime sector[171] Risk Management and Challenges - The company has acknowledged potential risks in its future development strategies, urging investors to remain aware of investment risks[7] - The company recognizes risks related to economic fluctuations, changes in national industrial policies, and competition for international container hub status[107][108][109] - The company is focusing on risk management and legal affairs to strengthen its operational framework and reduce financing costs[53] - The company faced challenges from global trade protectionism and a sluggish shipping market[100] Environmental and Social Responsibility - The company has established a wastewater treatment system at its wholly-owned subsidiary, achieving zero emissions of pollutants[142] - The company has completed environmental impact assessments and obtained necessary approvals for its subsidiaries[144] - The company has implemented a monitoring scheme for wastewater, ensuring compliance with local environmental standards[148] - The company actively promotes the concept of "lucid waters and lush mountains are invaluable assets" and aims to build a world-class green port[150] - The company is committed to energy conservation and environmental protection activities to promote sustainable development[150] Shareholder and Governance - The company held its annual shareholder meeting and made several important announcements regarding board resolutions[139] - The company has maintained compliance with corporate governance standards as per the Company Law and Securities Law, ensuring the protection of shareholder interests[192] - The relationship between the company and its controlling shareholder is independent, with no interference in decision-making or operational activities[194] - The company has successfully convened shareholder meetings in accordance with legal requirements, ensuring equal treatment of all shareholders[193] Future Outlook - The company expects to achieve total operating revenue of 12.9 billion yuan and total operating costs of 12 billion yuan in 2020[104] - The projected cargo throughput for 2020 is 421.8 million tons, including 222.06 million tons of bulk cargo and 1.835 million TEUs of containers[104] - The company aims to create a sustainable development pattern that harmonizes port operations with ecological protection[150] - The company is optimistic about future growth prospects despite the challenges posed by the current market conditions[171]

Financial Performance - The company's operating revenue for 2019 was CNY 12,884,667,431.63, a decrease of 1.34% compared to CNY 13,060,241,154.96 in 2018[21]. - Net profit attributable to shareholders for 2019 was CNY 602,008,118.30, representing a 12.16% increase from CNY 536,722,867.78 in 2018[21]. - The total operating revenue for 2019 was 12.885 billion RMB, a decrease of 1.34% from 13.060 billion RMB in the previous year[54]. - The company’s total profit for 2019 was 1.32 billion RMB, a decrease of 0.85% from 1.331 billion RMB in the previous year[52]. - The company achieved a cargo throughput of 41.183 million tons in 2019, an increase of 3.52% compared to 39.783 million tons in the previous year[42]. - The company completed a container throughput of 1.726 million TEU, which is an increase of 8.09% year-on-year[52]. - The gross profit margin for the overall business was 20.50%, showing an increase of 0.01 percentage points compared to the previous year[61]. - The company’s asset-liability ratio was 37.00%, a decrease of 1.73 percentage points from the end of the previous year[52]. Cash Flow and Investments - The net cash flow from operating activities was CNY 1,861,588,367.05, down 4.78% from CNY 1,955,080,259.90 in the previous year[21]. - The cash inflow from operating activities decreased by CNY 323,189,368.94, a decline of 2.28% compared to the previous year[70]. - The company invested CNY 573,840,781.72 in cash inflows from investment activities, down 11.34% year-on-year[70]. - The company reported a significant reduction in cash outflows from investment activities, decreasing by 54.53% to CNY 1,151,779,986.45[70]. - The company made equity investments totaling CNY 350 million in 2019, an increase of CNY 248 million or 243.14% compared to the previous year[79]. Strategic Initiatives and Market Position - The company is strategically positioned to benefit from national policies and initiatives such as the Belt and Road Initiative and the development of the Xiong'an New Area, which are expected to enhance its operational capabilities[35]. - The company’s geographical advantage as a key logistics hub in the Bohai Bay area supports its competitive edge in the port services market[36]. - The company is actively pursuing market expansion and structural adjustments to promote green port development[44]. - The company is focusing on enhancing its core competitiveness in port handling logistics and aims to optimize its main business operations[90]. - The company plans to leverage major policy opportunities such as the Belt and Road Initiative and the establishment of the Tianjin Free Trade Zone[90]. Research and Development - Research and development expenses amounted to CNY 116,751,798.54, representing 0.91% of total operating revenue[65]. - The company completed 228 technology projects and applied for 56 national patents during the year[66]. - The company is focusing on the development of smart ports and has made significant advancements in intelligent management systems[46]. - The company has focused on integrating new technologies such as AI and big data into its operations to enhance smart port construction[66]. Shareholder and Governance - The company has a cash dividend policy that ensures at least 30% of the average distributable profit over the last three years is distributed in cash[102]. - In 2019, the company distributed a cash dividend of 0.90 yuan per 10 shares, totaling 180,875,064.96 yuan, which accounted for 30.05% of the net profit attributable to ordinary shareholders[103]. - The company treats all shareholders equally, ensuring that minority shareholders can fully exercise their rights[182]. - The relationship between the company and its controlling shareholder is independent, with no interference in decision-making or operational activities[183]. - The company has established a performance evaluation mechanism for senior management based on four principles: value orientation, goal transmission, overall consideration, and inheritance development[197]. Risks and Challenges - The global trade environment remains challenging, with ongoing trade tensions and a sluggish shipping market expected to impact growth[89]. - The company faces risks related to economic fluctuations, changes in national industrial policies, and competition for international container hub status[95][96][97]. Environmental and Social Responsibility - Environmental initiatives include the implementation of a wastewater treatment system with a processing capacity of 18 tons per day, achieving zero emissions[132]. - The company aims to achieve a 25% reduction in overall emissions by 2025 as part of its sustainability strategy[141]. - The company has established a comprehensive environmental monitoring program, conducting biannual assessments to ensure compliance with local regulations[136]. Employee and Management - The company employed a total of 7,623 staff, including 121 in the parent company and 7,502 in major subsidiaries[175]. - The number of employees with a bachelor's degree or above reached 3,915, representing approximately 51.4% of the total workforce[175]. - The company has implemented a compensation policy that links performance with remuneration, focusing on economic efficiency and profit assessment[176]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 5.6323 million yuan (pre-tax)[171].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥674,126,588.86, representing a 4.09% increase year-on-year[19]. - Operating income for the first nine months was ¥9,424,437,698.45, a slight decrease of 0.02% compared to the same period last year[19]. - The company reported a net profit of ¥594,673,201.53 after deducting non-recurring gains and losses, reflecting a 6.65% increase year-on-year[19]. - Total operating revenue for Q3 2019 was approximately ¥3.47 billion, a slight decrease of 0.9% compared to ¥3.50 billion in Q3 2018[50]. - Net profit for Q3 2019 reached approximately ¥408.71 million, an increase of 32.6% from ¥308.13 million in Q3 2018[53]. - The company reported a total profit of approximately ¥509.68 million for Q3 2019, up 25.6% from ¥405.68 million in Q3 2018[53]. - The total comprehensive income for Q3 2019 was approximately ¥400.26 million, compared to ¥359.69 million in Q3 2018, reflecting a growth of 11.3%[55]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥35,837,599,114.85, an increase of 4.78% compared to the end of the previous year[19]. - Total liabilities increased to ¥13,568,446,051.00 from ¥13,211,646,048.28, representing a growth of approximately 2.7% year-over-year[37]. - Total equity rose to ¥22,269,153,063.85, up from ¥20,990,268,096.77, indicating an increase of about 6.1% year-over-year[37]. - Total current assets decreased to ¥2,153,554,222.43 from ¥2,379,869,720.48, showing a decline of approximately 9.5%[42]. - Total non-current assets increased to ¥15,690,534,790.19 from ¥15,283,522,049.13, indicating a growth of about 2.7%[45]. - Current liabilities reached approximately ¥7.95 billion, while non-current liabilities totaled about ¥5.26 billion, leading to total liabilities of approximately ¥13.21 billion[80]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥1,668,137,826.87, up by 2.50% year-on-year[19]. - Cash flow from operating activities for the first three quarters of 2019 was 24,319,114.14 RMB, down from 64,297,534.95 RMB in the same period of 2018, representing a decrease of approximately 62%[71]. - The company achieved a net cash inflow from operating activities of CNY 9,791,922,646.77 in the first three quarters of 2019, down from CNY 10,015,828,212.52 in the same period of 2018[66]. - Cash outflow from investment activities totaled 637,881,162.07 RMB, significantly lower than 2,124,657,154.43 RMB in the same period of 2018, reflecting a decrease of approximately 70%[71]. - Cash paid for debt repayment was 685,175,000.00 RMB, compared to 2,112,500,000.00 RMB in the previous year, reflecting a decrease of approximately 68%[73]. Shareholder Information - The total number of shareholders at the end of the reporting period was 101,636[21]. - The largest shareholder, Xichuang Investment Co., Ltd., held 1,141,815,013 shares, accounting for 56.81% of the total shares[22]. - The company has a total of approximately ¥8.96 billion in undistributed profits, indicating retained earnings for future growth[80]. Expenses and Investments - Research and development expenses decreased by 39.06% to ¥50,167,313.14 from ¥82,322,544.77 year-over-year[26]. - The company’s investment income for Q3 2019 was approximately ¥112.09 million, slightly up from ¥110.17 million in Q3 2018[52]. - Financial expenses for Q3 2019 totaled CNY 18,202,272.60, an increase from CNY 10,674,430.01 in Q3 2018[59]. Accounting Standards - The company implemented new financial instrument standards, resulting in significant changes in accounting items[27]. - The company has implemented new accounting standards effective from January 1, 2019, impacting the classification of financial assets[88].