2018 年第三季度报告 公司代码：600717 公司简称：天津港 天津港股份有限公司 2018 年第三季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 9 | 2018 年第三季度报告 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。 1.3 公司负责人梁永岑、主管会计工作负责人诸葛涛及会计机构负责 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 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 21 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 马全胜 孙彬 董事 因公出差 张凤路 张萱 独立董事 因公出差 席酉民 赵明奎 董事 正在接受纪律审查和监察调查 2018 年第三季度报告 非经常性损益项目和金额 √适用 □不适用 | | | 单 ...

Financial Performance - The company's operating revenue for the first half of 2018 was approximately CNY 5.93 billion, a decrease of 17.84% compared to the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was approximately CNY 447.29 million, down 18.34% year-on-year[19]. - Basic earnings per share for the first half of 2018 were CNY 0.27, a decrease of 18.18% from CNY 0.33 in the same period last year[20]. - The company achieved a total throughput of 20.632 million tons in the first half of 2018, representing a year-on-year increase of 20.81%[28]. - Container throughput reached 7.79 million TEU, a significant increase of 114.42% compared to the same period last year[28]. - The company's total operating costs were CNY 4.75 billion, down 15.70% from CNY 5.63 billion year-on-year[34]. - Net profit attributable to the parent company was CNY 447 million, a decline of 18.34% compared to the previous year[29]. - Total operating revenue for the first half of 2018 was CNY 5,930,331,397.04, a decrease of 17.8% compared to CNY 7,218,243,124.04 in the same period last year[86]. - Net profit for the first half of 2018 was CNY 678,916,024.17, a decline of 9.4% from CNY 749,911,442.19 in the previous year[86]. - The company reported a comprehensive income total of CNY 436,579,199.42, down from CNY 859,109,263.37 in the same period last year[87]. Cash Flow and Financial Position - The net cash flow from operating activities increased by 45.44% to approximately CNY 1.22 billion compared to the same period last year[19]. - The company’s asset-liability ratio stood at 42.34%, with a current ratio of 1.05[29]. - Total current assets increased to ¥9,495,986,742.93 from ¥8,886,456,887.28, representing a growth of approximately 6.9%[78]. - Total liabilities decreased slightly to ¥15,207,707,737.48 from ¥15,220,833,579.70, a reduction of approximately 0.1%[79]. - Cash and cash equivalents increased to ¥6,373,959,749.49 from ¥6,039,856,413.05, reflecting a growth of about 5.5%[78]. - The ending balance of cash and cash equivalents was RMB 2,792,794,637.20, down 17.0% from RMB 3,358,873,124.44 at the end of the previous period[96]. - The total equity attributable to shareholders of the parent company was RMB 20,810,666,566.10, reflecting a decrease of 0.5% from the previous period[98]. Strategic Initiatives and Market Position - The company is actively adapting to the trend of larger vessels and optimizing its port infrastructure to enhance operational efficiency[23]. - The port industry is experiencing stable growth, with increasing competition and higher demands for operational efficiency due to the globalization of shipping[23]. - The company maintains a strategic advantage in the northern coastal ports due to its comprehensive port services and infrastructure development[23]. - The company plans to enhance its container business competitiveness by optimizing resource allocation and expanding inland port promotion efforts[30]. - The company aims to accelerate the construction of smart port facilities and improve operational efficiency through automation upgrades[31]. - The company aims to leverage major national strategies such as the Belt and Road Initiative and the construction of the Xiong'an New Area to enhance its development and maintain sustainable growth[45]. Environmental and Regulatory Compliance - The company emphasized environmental protection, implementing measures such as hardening all ground surfaces and using low-sulfur oil for ships[63]. - The company is actively promoting the use of liquefied natural gas technology and accelerating the construction of shore power facilities[63]. - The company has taken targeted measures to control major pollutants, with no significant changes in pollutant levels compared to the previous year[63]. - The company is facing challenges from external factors such as US-China trade tensions and stricter environmental regulations, impacting its operational environment[29]. Shareholder and Corporate Governance - The total number of ordinary shareholders reached 115,782 by the end of the reporting period[69]. - The largest shareholder, Xianchuang Investment Co., Ltd., holds 951,512,511 shares, accounting for 56.81% of the total shares[70]. - The company did not experience any changes in its total share capital or share structure during the reporting period[68]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[74]. - The company appointed Mr. Fu Qiang as the vice president on July 17, 2018[74]. Legal and Audit Matters - There are no significant legal disputes or arbitration matters reported during the reporting period, indicating a stable operational environment[51]. - The company continues to engage the same auditing firm, Zhongshuihua CPA, for the 2018 fiscal year to ensure the accuracy and continuity of financial reporting[51]. Investment and Development - The company established a joint venture with Huaya International Shipping Co., Ltd. and Terminal Link Tianjin Limited to set up Tianjin Port Shenghua International Container Terminal Co., Ltd., with a total investment of RMB 4.2 billion[40]. - The company is in the process of establishing a joint venture and project construction for the Tianjin Port North Port Pool Container Terminal, with a registered capital of RMB 1.47 billion, of which the company holds a 60% stake[40]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring accurate reflection of the company's financial status[114]. - The company recognizes the cost of business combinations as the fair value of assets, liabilities, and equity securities issued at the acquisition date[120]. - Revenue from sales of goods is recognized when the significant risks and rewards of ownership have been transferred to the buyer, and the amount can be reliably measured[163]. - Deferred tax assets are recognized based on the likelihood of obtaining sufficient taxable income to utilize the deductible temporary differences[166].

2018 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 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2018 年第一季度报告 一、 重要提示 | 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 | | --- | --- | --- | --- | | 席酉民 | 独立董事 | 因公出差 | 张萱 | 1.3 公司负责人梁永岑、主管会计工作负责人诸葛涛及会计机构负责人 （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 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末 比上年度末 增减(%) 调整后 调整前 总资产 35,832,927,658.58 36,031,500,145.80 36,031,500,145.80 -0.55 归属于上市公司股东的净资产 15,796,707,8 ...

Financial Performance - In 2017, Tianjin Port achieved a net profit of CNY 1,210,142,807.99, with a profit distribution plan proposing a cash dividend of CNY 1.48 per 10 shares, totaling CNY 247,865,829.76[3]. - The company's operating revenue for 2017 was CNY 14,234,410,632.21, representing a year-on-year increase of 0.94% compared to CNY 14,101,285,875.23 in 2016[18]. - The net profit attributable to shareholders decreased by 38.58% to CNY 823,876,471.76 in 2017 from CNY 1,341,329,135.31 in 2016[18]. - The basic earnings per share for 2017 was CNY 0.49, down 38.75% from CNY 0.80 in 2016[19]. - The total assets of the company at the end of 2017 were CNY 36,031,500,145.80, a slight increase of 0.44% from CNY 35,874,681,531.67 in 2016[18]. - The cash flow from operating activities for 2017 was CNY 1,855,674,806.86, a decrease of 25.15% compared to CNY 2,479,259,337.61 in 2016[18]. - The weighted average return on net assets for 2017 was 4.78%, a decrease of 2.95 percentage points from 7.73% in 2016[19]. - The company reported a remaining undistributed profit of CNY 5,940,571,483.96 to be carried forward for future distribution[3]. - The company reported a total operating revenue of approximately CNY 14.83 billion for the entire year of 2017, with a net profit attributable to shareholders of CNY 1.03 billion[22]. - The company experienced a non-recurring loss of CNY 8.04 million in 2017, primarily due to asset disposal losses and other operating expenses[22]. Operational Highlights - In 2017, the company achieved a total cargo throughput of 39.125 million tons, an increase of 4.10% year-on-year, with container throughput growing by 60.21% to 11.5 million TEU[39]. - The company's total operating revenue for 2017 was 14.234 billion yuan, a year-on-year increase of 9.10%, while total operating costs rose by 16.89% to 13.025 billion yuan[39]. - The net profit attributable to the parent company was 824 million yuan, a decrease of 38.58% compared to the previous year, primarily due to a decline in handling volumes of key cargo types[40]. - The company completed an asset restructuring in Q3 2017, acquiring 100% of Tianjin Port Development's stakes in several subsidiaries, which contributed an additional throughput of 58.24 million tons[38]. - The company ceased accepting coal transported by road in April 2017, resulting in a 30.15% year-on-year decline in coal and related products throughput[40]. - The company reported a 20.17% increase in roll-on/roll-off vehicle throughput, driven by the "Belt and Road" initiative and growth in foreign trade exports[40]. - The company implemented measures to mitigate the impact of challenges such as the cessation of coal transport by road, achieving a 25% year-on-year increase in railway coal transport volume[42]. - The asset restructuring and new shipping routes significantly enhanced the scale of the container business, contributing to a new profit capability[40]. Strategic Initiatives - The company is actively leveraging strategic opportunities from the Belt and Road Initiative and the construction of the Xiong'an New Area to enhance its competitive position[26]. - The company’s core competitiveness remains strong, supported by its strategic location and extensive hinterland, which are crucial for its operational success[28]. - The company aims to enhance its core competitiveness by focusing on port handling services and capital operations, leveraging opportunities from national strategies like the Belt and Road Initiative[80]. - The company plans to optimize the structure of bulk cargo and enhance operational efficiency through specialized cargo operations and improved railway capacity[84]. - The company is focusing on technological innovation to improve operational efficiency and support industrial transformation[84]. - The company is actively promoting green port construction and enhancing environmental governance measures[85]. Financial Management - The company maintained a debt-to-asset ratio of 42.24% and a current ratio of 0.91, indicating a stable financial position despite operational challenges[40]. - The company reported a net cash outflow from investing activities of approximately 1.46 billion RMB, a significant increase of 245.84% year-on-year[44]. - The company reported a significant increase in long-term equity investments by 50.19% to ¥4,798,450,167.36, attributed to acquisitions of joint ventures and associates[63]. - The company has a total of RMB 739.02174319 million in financial assets measured at fair value, with a report period profit of RMB 11.1221993 million[75]. - The company has outstanding guarantees totaling CNY 14,380,083.40 and CNY 2,000,000.00 from Tianjin Port Financial Company, which have not been fulfilled[107]. Risk Management - The company has outlined potential risks in its future development plans, emphasizing the importance of risk awareness for investors[4]. - The company faces risks related to economic fluctuations, changes in national industrial policies, and competition among ports in the Bohai Rim region[86]. - The company has established an environmental risk emergency response system to strengthen environmental risk management[118]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 123,577, an increase from 121,615 at the end of the previous month[123]. - The largest shareholder, Xianchuang Investment Co., Ltd., holds 56.81% of the shares, totaling 951,512,511 shares[125]. - The company reported no changes in the total number of ordinary shares and share capital structure during the reporting period[122]. - The company has committed to a cash dividend policy that ensures at least 30% of the average distributable profit over the last three years is distributed in cash[90]. Governance and Compliance - The company maintains a governance structure that complies with relevant laws and regulations, ensuring independent operation of the board and supervisory committee[153]. - The company has not faced any penalties from regulatory authorities in the past three years[145]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with investors[156]. - The company has disclosed its internal control self-assessment report for 2017, available on the Shanghai Stock Exchange website[165]. - There were no significant deficiencies in internal control reported during the period[165].

Financial Performance - Net profit attributable to shareholders decreased by 24.62% to CNY 800.42 million year-on-year[6] - Operating revenue rose by 8.57% to CNY 10.77 billion compared to the same period last year[6] - Basic earnings per share decreased by 23.81% to CNY 0.48[6] - The weighted average return on equity decreased by 1.56 percentage points to 4.55%[6] - The company reported a total profit of ¥439,743,528.02 for Q3 2017, down from ¥642,132,535.95 in Q3 2016[34] - Net profit for the first nine months of 2017 reached CNY 1,040,192,354.32, down 11.93% from CNY 1,181,270,695.85 in the same period last year[37] - Net profit attributable to the parent company for Q3 2017 was ¥252,656,198.82, a decrease of 33.4% compared to ¥379,328,975.48 in Q3 2016[34] - Earnings per share for Q3 2017 were ¥0.15, down from ¥0.22 in Q3 2016[35] Assets and Liabilities - Total assets increased by 4.61% to CNY 37.53 billion compared to the end of the previous year[6] - The total liabilities reached CNY 16.91 billion, compared to CNY 13.34 billion at the start of the year, reflecting a significant increase of approximately 26.5%[26] - The company's equity attributable to shareholders decreased to CNY 15.62 billion from CNY 17.55 billion, a decline of about 10.9%[26] - The company's current assets totaled CNY 10.57 billion, up from CNY 10.09 billion at the beginning of the year, indicating an increase of about 4.6%[24] - Total liabilities as of the end of Q3 2017 amounted to ¥6,823,136,428.19, compared to ¥2,646,616,302.15 at the end of Q3 2016[30] - The company’s total assets at the end of Q3 2017 were ¥20,804,532,638.98, compared to ¥15,985,209,114.83 at the end of Q3 2016[30] Cash Flow - Cash flow from operating activities decreased by 40.36% to CNY 1.44 billion year-to-date[6] - The company reported a net cash flow from operating activities of CNY 1,441,586,603.96 for the first nine months, a decrease of 40.36% compared to CNY 2,417,159,580.41 in the previous year[41] - Operating cash flow net amount for the first nine months of 2017 was ¥271,605,764.94, a significant improvement compared to a net outflow of ¥120,552,606.50 in the same period last year[45] - Total cash inflow from investment activities reached ¥1,674,419,019.74, up from ¥959,499,334.18 year-on-year, indicating a growth of approximately 74.3%[45] - Cash flow from financing activities resulted in a net outflow of ¥288,571,837.69, slightly worse than the outflow of ¥285,813,491.20 in the previous year[46] Investments and Acquisitions - Long-term equity investments rose by 49.96% to RMB 4,791,237,117.85, attributed to acquisitions of joint ventures and associates[14] - The company completed the acquisition of a 40% stake in Tianjin Port Alliance International Container Terminal Co., Ltd. and 100% stakes in Tianjin Port Container Terminal Co., Ltd. and Tianjin Port Second Terminal Co., Ltd. for a total of RMB 4,119,763,183.78[16] Other Financial Metrics - The company reported a total of CNY 14.69 million in non-operating losses for the current period[8] - The company reported a 73.60% decrease in non-operating income to RMB 7,721,071.05, mainly due to reduced government subsidies[14] - The financial expenses for Q3 2017 were ¥96,393,104.33, an increase from ¥73,635,019.15 in Q3 2016[33] - The company achieved an investment income of CNY 1,102,514,059.58 for the first nine months, down 9.87% from CNY 1,223,523,933.83 in the previous year[37] Shareholder Information - The number of shareholders reached 131,272 at the end of the reporting period[9]

Financial Performance - The company's operating revenue for the first half of 2017 was approximately CNY 6.79 billion, representing a 14.11% increase compared to CNY 5.95 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2017 was approximately CNY 561.91 million, a decrease of 13.48% from CNY 649.47 million in the previous year[19]. - The basic earnings per share for the first half of 2017 were CNY 0.34, down 12.82% from CNY 0.39 in the same period last year[20]. - The weighted average return on equity decreased by 0.80 percentage points to 3.59% compared to 4.39% in the previous year[20]. - The company reported a total profit of 936 million RMB, a decrease of 15.82% year-on-year, attributed to reduced handling business volume[32]. - The company reported a net profit impact of over 10% from several subsidiaries, highlighting their significant contributions to overall financial performance[45]. - The total comprehensive income for the first half of 2017 was ¥873,089,176.96, slightly up from ¥868,990,660.96 in the previous year[92]. - The company reported a significant increase in receivables, with accounts receivable rising to RMB 1,593,085,904.33 from RMB 1,405,454,951.14, an increase of about 13.4%[82]. Cash Flow and Investments - The net cash flow from operating activities decreased by 48.25% to approximately CNY 782.63 million, down from CNY 1.51 billion in the same period last year[19]. - The company’s net cash flow from financing activities was -171,952,375.01 RMB, a decrease from -716,887,974.20 RMB in the previous period, indicating improved cash management[98]. - The company received 755,965,013.28 RMB in investment income, up from 302,240,150.72 RMB in the previous period, reflecting strong investment performance[101]. - The cash inflow from investment activities was 908,255,013.28 RMB, compared to 598,539,050.72 RMB in the previous period, indicating increased investment activity[101]. - The company reported an investment income of ¥166,784,665.21, an increase from ¥157,606,130.54 year-on-year[91]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately CNY 33.55 billion, an increase of 3.93% from CNY 32.28 billion at the end of the previous year[19]. - The company's asset-liability ratio stood at 38.73%, with a current ratio of 1.27[32]. - The company's short-term liabilities increased significantly to 289,877.12 million RMB, a 199.36% increase from the previous period's 96,833.00 million RMB[38]. - The total liabilities amounted to CNY 12,995,096,194.94, up from CNY 11,958,185,772.73, indicating an increase of approximately 8.7%[84]. - The total equity attributable to shareholders of the parent company rose to CNY 15,604,730,578.47 from CNY 15,354,802,394.24, an increase of approximately 1.6%[85]. Operational Efficiency and Strategy - The company plans to enhance logistics support and improve operational efficiency in response to external challenges and competition[34]. - The company is actively adapting to the trend of larger vessels and optimizing its port infrastructure to maintain its leading position among coastal ports in China[24]. - The company aims to leverage the "Belt and Road" initiative to expand its market reach and enhance its competitive position in the logistics sector[49]. - The company is focusing on expanding its logistics services and enhancing value-added services to increase market share[49]. - The company plans to enhance operational efficiency and service levels by accelerating information technology advancements and modernizing port facilities[49]. Shareholder Information - The total number of ordinary shareholders reached 138,567 by the end of the reporting period[74]. - The largest shareholder, Xianchuang Investment Co., Ltd., holds 951,512,511 shares, representing 56.81% of the total shares[75]. - The company did not experience any changes in total shares or capital structure during the reporting period[73]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[52]. Corporate Governance and Compliance - The company has retained Zhongshun Hua Accounting Firm for the 2017 audit, ensuring the authenticity and continuity of financial information[55]. - The report includes announcements related to various corporate governance matters and shareholder meetings[71]. - The company’s financial statements comply with the enterprise accounting standards, ensuring transparency and accuracy[119]. - The company has not reported any major changes in accounting policies that would affect financial reporting[119]. Market and Industry Trends - The port industry is experiencing stable growth, with increasing competition and higher demands for efficiency due to the globalization of shipping[24]. - The company is engaged in various port-related services, including cargo handling and logistics, and aims to enhance its competitive edge in the port industry[24]. - The company anticipates potential risks from economic fluctuations, which could directly impact operational performance due to the close relationship between port throughput and regional economic development[48]. Research and Development - R&D expenditure was 331.65 million RMB, a decrease of 15.50% from the previous year[36].

Financial Performance - Operating revenue rose by 16.46% to CNY 3,275,223,084.03 year-on-year[7] - Net profit attributable to shareholders decreased by 2.47% to CNY 276,825,914.13 compared to the same period last year[7] - Basic and diluted earnings per share remained unchanged at CNY 0.17[7] - Total operating revenue for the current period reached ¥3,275,223,084.03, an increase of 16.5% compared to ¥2,812,210,651.89 in the previous period[23] - Net profit for the current period was ¥380,700,818.98, a decrease of 5.0% from ¥400,725,651.61 in the previous period[23] - The net profit attributable to shareholders of the parent company was ¥276,825,914.13, down from ¥283,840,554.83, reflecting a decline of 2.5%[23] - The total comprehensive income for the current period was ¥392,812,055.64, compared to ¥365,701,312.21 in the previous period, indicating an increase of 7.4%[24] - Investment income for the current period was ¥74,363,585.04, slightly down from ¥75,162,562.15 in the prior period[23] Cash Flow - Net cash flow from operating activities decreased significantly by 67.05% to CNY 272,634,427.86[7] - Cash flow from operating activities generated a net amount of ¥272,634,427.86, a significant decrease of 67.0% from ¥827,345,481.59 in the previous period[30] - The total cash inflow from operating activities was ¥34,119,936.77, an increase from ¥25,180,570.48 in the same period last year[33] - The company had a total cash outflow from operating activities of ¥10,906,834.94, significantly lower than the previous year's outflow of ¥174,085,405.46[33] - The company reported a total cash inflow from financing activities of ¥0.00, with cash outflow amounting to ¥54,794,655.50, leading to a net cash flow of -¥54,794,655.50 from financing activities[33] - The company reported a net cash flow from financing activities of -¥36,048,885.91, compared to -¥225,784,739.38 in the previous year[31] Assets and Liabilities - Total assets increased by 2.10% to CNY 32,960,736,656.76 compared to the end of the previous year[7] - Current assets totaled ¥9,256,492,841.11, an increase from ¥8,499,327,010.67 at the start of the year[16] - Total current liabilities increased to ¥6,155,269,797.34 from ¥4,936,897,522.47, representing a growth of approximately 24.7%[17] - Total non-current liabilities decreased to ¥6,076,575,329.15 from ¥7,021,288,250.26, a decline of about 13.4%[17] - Total liabilities amounted to ¥12,231,845,126.49, up from ¥11,958,185,772.73, indicating an increase of around 2.3%[17] - The company's short-term liabilities increased by 103.09% to ¥1,966,580,000.00 as bonds were reclassified to current liabilities[13] - The company's bond payables decreased by 50.00% to ¥1,000,000,000.00, also due to reclassification to current liabilities[13] Shareholder Information - The number of shareholders reached 98,549 at the end of the reporting period[11] - The largest shareholder, Xianchuang Investment Co., Ltd., holds 56.81% of the shares[11] Inventory and Prepayments - Prepayments increased by 199.34% to ¥502,857,605.64 due to increased advances to suppliers[13] - Inventory rose by 36.69% to ¥200,171,776.54, reflecting growth in subsidiary stock levels[13] Tax and Expenses - Tax and additional charges decreased by 33.88% to ¥6,695,795.45 as the company transitioned from business tax to value-added tax[13] - Operating income fell by 69.22% to ¥2,330,685.08, primarily due to a reduction in government subsidies[13] - Operating expenses increased by 108.10% to ¥1,752,835.31, attributed to losses from the disposal of non-current assets[13] Other Income - Non-operating income for the period totaled CNY 5,245,985.71, primarily from government subsidies and other income[9] - Other comprehensive income after tax for the current period was ¥12,111,236.66, compared to a loss of ¥35,024,339.40 in the previous period, showing a significant recovery[23] Equity - Total equity increased to ¥20,728,891,530.27 from ¥20,324,440,273.14, marking an increase of about 2.0%[17] - The company reported a total equity attributable to shareholders of ¥15,645,914,283.94, up from ¥15,354,802,394.24, reflecting an increase of approximately 1.9%[17] - The company’s retained earnings rose to ¥8,715,076,888.19 from ¥8,438,250,974.06, indicating an increase of about 3.3%[17]

Financial Performance - In 2016, the company achieved a net profit of CNY 1,224,483,284.07, with a 10% legal surplus reserve of CNY 122,448,328.41 and a 5% discretionary surplus reserve of CNY 61,224,164.20 deducted[2] - The total distributable profit for shareholders amounted to CNY 5,539,988,517.17 after accounting for the cash dividend of CNY 368,449,206.40 distributed for 2015[2] - The proposed cash dividend for 2016 is CNY 2.27 per 10 shares, totaling CNY 380,172,590.24, leaving CNY 5,159,815,926.93 to be carried forward for future distribution[2] - The company's operating revenue for 2016 was CNY 13,046,687,039.46, a decrease of 15.29% compared to CNY 15,402,416,822.53 in 2015[17] - The net profit attributable to shareholders increased by 3.13% to CNY 1,263,686,720.41 from CNY 1,225,387,416.07 in 2015[17] - The net cash flow from operating activities was CNY 2,360,466,117.07, reflecting a 4.57% increase from CNY 2,257,221,345.87 in the previous year[17] - The total assets at the end of 2016 were CNY 32,282,626,045.87, a decrease of 3.90% from CNY 33,593,514,609.86 at the end of 2015[17] - The company's net assets attributable to shareholders increased by 6.12% to CNY 15,354,802,394.24 from CNY 14,469,512,252.36 in 2015[17] - The basic earnings per share for 2016 was CNY 0.75, up 2.74% from CNY 0.73 in 2015[18] - The weighted average return on equity decreased by 0.26 percentage points to 8.47% in 2016 from 8.73% in 2015[18] Revenue and Costs - The company achieved operating revenue of 13.047 billion RMB in 2016, a decrease of 2.356 billion RMB or 15.29% year-on-year, primarily due to the transfer of two trading subsidiaries and a decline in coal sales volume and supply oil prices[42] - Total operating costs for the company were 11.142 billion RMB, down 2.573 billion RMB or 18.76% year-on-year, corresponding to the decrease in sales revenue[42] - The company reported a total profit of 2.219 billion RMB, an increase of 0.103 billion RMB or 4.87% year-on-year, attributed to growth in throughput volume[42] - The handling revenue for the company was 6.136 billion RMB, an increase of 0.311 billion RMB or 5.34% year-on-year, accounting for 47.03% of total revenue[46] - The sales revenue was 4.959 billion RMB, a decrease of 3.201 billion RMB or 39.23% year-on-year, representing 38.01% of total revenue[46] Assets and Liabilities - The company's asset-liability ratio was 37.04%, a decrease of 6.07 percentage points from the beginning of the year, due to a significant reduction in borrowings[42] - The total assets of the company amounted to approximately CNY 32.28 billion at the end of 2016, down from CNY 33.59 billion at the beginning of the year, indicating a decrease of about 3.9%[172] - Total liabilities amounted to CNY 11,958,185,772.73, a decrease from CNY 14,480,902,478.98 in the previous year, reflecting a reduction of approximately 17.4%[174] - Current liabilities totaled CNY 4,936,897,522.47, down from CNY 7,271,586,402.27, indicating a decline of about 32.1%[174] - Non-current liabilities were CNY 7,021,288,250.26, slightly decreased from CNY 7,209,316,076.71, representing a reduction of approximately 2.6%[174] Investments and Development - The company invested CNY 16,959,000 in technology research and development, a 44.69% increase from the previous year[57] - The company has invested CNY 1.02 billion in Tianjin Port Haijia Automobile Terminal Co., Ltd. and CNY 1.08 billion in Tianjin Port Yuanyang International Ore Terminal Co., Ltd.[67] - The total investment for the construction of Tianjin Port North Pool Container Terminal project is CNY 4.2 billion, with the company holding a 60% stake[68] - The company plans to invest 1.346 billion yuan in fixed assets for 2017, with 1.009 billion yuan allocated for facility projects and 0.337 billion yuan for equipment projects[83] Market Position and Strategy - The company’s main business includes cargo storage, transportation, and logistics services, with a focus on container handling and sales, which are the primary sources of revenue[28] - The company operates in a competitive port industry that has shifted towards both capacity and functional development, with stable growth in throughput and profitability[29] - The company has a geographical advantage as it is located at the intersection of the Beijing-Tianjin region and the Bohai Economic Circle, serving as a major trade port[30] - The company is positioned to benefit from national strategies promoting infrastructure connectivity and economic cooperation in the Bohai Rim region[32] - The company aims to optimize the container business and enhance competitiveness in the Bohai Rim region through collaboration with shipping companies[84] Shareholder and Governance - The company reported a net profit attributable to ordinary shareholders of 1,263,686,720.41 RMB in 2016, with a cash dividend payout ratio of 30.08%[94] - The cash dividend policy has been consistently implemented, with the 2016 cash dividend distribution plan approved at the annual shareholder meeting[91] - The total number of ordinary shareholders at the end of the reporting period was 93,906, an increase from 91,024 at the end of the previous month[122] - The largest shareholder, Xianchuang Investment Co., Ltd., holds 951,512,511 shares, representing 56.81% of the total shares[125] - The company has maintained a consistent leadership structure with no new appointments or departures among key executives during the reporting period[134] Operational Challenges and Future Outlook - The company faces increased competition in the port industry, with pressures from external economic conditions and industry competition leading to a slowdown in business growth[76] - The company’s operational performance in 2016 was stable, but it encountered challenges such as rising costs and the need for further optimization of its cost structure[76] - The company has identified opportunities for future development despite the competitive landscape, focusing on enhancing service capabilities and adapting to the new economic normal[76] - The company plans to continue focusing on capital management and shareholder returns in the upcoming periods[196] Compliance and Internal Control - The company has implemented a robust internal control system in accordance with regulatory guidelines to promote sustainable operations[152] - The internal control self-evaluation report for 2016 has been disclosed, confirming no significant deficiencies in internal controls[162] - The audit report confirmed that the financial statements fairly represent the company's financial position as of December 31, 2016[170] - The company has not faced any regulatory criticism or penalties related to information disclosure during the reporting period[152]

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) The company's board of directors, supervisory board, and all senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal liabilities[4](index=4&type=chunk) - This company's 2016 third-quarter report has **not been audited**[5](index=5&type=chunk) [Company's Key Financial Data and Shareholder Changes](index=3&type=section&id=Item%20II.%20Company%27s%20Key%20Financial%20Data%20and%20Shareholder%20Changes) This section details the company's financial performance for the first three quarters of 2016, including revenue, net profit, and cash flow, alongside an overview of shareholder structure [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) In the first three quarters of 2016, the company's operating revenue decreased by 25.08% due to the sale of trading subsidiaries, while net profit attributable to shareholders slightly increased by 0.80% to RMB 1.001 billion, and net cash flow from operating activities grew by 15.52% 2016 First Three Quarters Key Financial Indicators | Indicator | Year-to-Date (Jan-Sep) | Prior Year Period (Jan-Sep) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 9,133,393,269.00 RMB | 12,190,910,752.16 RMB | -25.08% | | Net Profit Attributable to Shareholders | 1,000,730,280.82 RMB | 992,761,667.18 RMB | 0.80% | | Net Cash Flow from Operating Activities | 2,196,732,676.71 RMB | 1,901,544,894.60 RMB | 15.52% | | Basic Earnings Per Share (RMB/share) | 0.60 RMB | 0.59 RMB | 1.69% | | Weighted Average Return on Net Assets (%) | 6.69% | 7.17% | Decreased by 0.48 percentage points | - Year-to-date, the company's **non-recurring gains and losses totaled RMB 7.536 million**, primarily from government subsidies and entrusted loan income[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=2.2%20Shareholder%20Information) As of Q3 2016, the company had 92,167 shareholders, with Xianchuang Investment Co., Ltd. holding 56.81%, maintaining a stable equity structure, and other major shareholders including China Securities Finance Corporation Top Three Shareholders' Holdings | Shareholder Name | Shares Held at Period-End | Shareholding Ratio (%) | | :--- | :--- | :--- | | Xianchuang Investment Co., Ltd. | 951,512,511 | 56.81 | | China Securities Finance Corporation Limited | 33,371,501 | 1.99 | | Central Huijin Asset Management Co., Ltd. | 20,888,200 | 1.25 | [Significant Events](index=5&type=section&id=Item%20III.%20Significant%20Events) This section covers major changes in accounting items, progress of significant matters, fulfillment of commitments, and future performance outlook [Analysis of Significant Changes in Key Accounting Items](index=5&type=section&id=3.1%20Analysis%20of%20Significant%20Changes%20in%20Key%20Accounting%20Items) During the reporting period, significant changes in financial statement items included a 32.26% decrease in operating costs due to the sale of trading subsidiaries, a 95.31% reduction in notes payable, and a RMB 500 million increase in non-current assets due within one year, reflecting business restructuring and cash management - Operating costs **decreased by 32.26% year-on-year**, primarily due to the sale of trading subsidiary equity, leading to a corresponding reduction in sales costs[13](index=13&type=chunk) - Notes payable **decreased by 95.31%** at period-end compared to the beginning of the year, mainly due to a reduction in notes payable by subsidiaries[13](index=13&type=chunk) - Non-current assets due within one year **increased from RMB 0 at the beginning of the year to RMB 500 million**, resulting from the reclassification of entrusted loans from subsidiaries as due within one year[12](index=12&type=chunk) [Progress of Significant Matters](index=6&type=section&id=3.2%20Progress%20of%20Significant%20Matters) The company consistently disclosed important matters in the first three quarters of 2016, including related party transactions, medium-term note interest payments, board and supervisory board resolutions, annual reports, profit distribution, and shareholder meeting notices - The company maintained **continuous information disclosure** during this reporting period, covering corporate governance, financing, and dividend distribution, ensuring operational transparency[14](index=14&type=chunk)[15](index=15&type=chunk) [Fulfillment of Commitments](index=7&type=section&id=3.3%20Fulfillment%20of%20Commitments) The company and its major shareholders are fulfilling their commitments, including Tianjin Port Development Holdings Co., Ltd.'s pledge to resolve horizontal competition by 2016 and Tianjin Port (Group) Co., Ltd.'s commitment to grant priority investment rights for new terminal projects - Tianjin Port Development Holdings Co., Ltd. committed to **resolve horizontal competition** with Tianjin Port Co., Ltd. within 2016 through business segmentation and reorganization[18](index=18&type=chunk) - The actual controller, Tianjin Port (Group) Co., Ltd., committed that the company holds **priority investment rights and acquisition options** for future new, developed, and operated terminal projects of the group[18](index=18&type=chunk) [Performance Forecast](index=9&type=section&id=3.4%20Performance%20Forecast) The company anticipates that cumulative net profit from the beginning of the year to the end of the next reporting period will not be a loss or significantly change compared to the prior year - The company has **not issued a performance warning**, indicating management's stable outlook on future operating conditions[19](index=19&type=chunk) [Appendix](index=10&type=section&id=Item%20IV.%20Appendix) This section includes unaudited consolidated and parent company financial statements, providing a comprehensive overview of the company's financial position, operating results, and cash flows [Financial Statements](index=10&type=section&id=4.1%20Financial%20Statements) The appendix provides unaudited consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements, reflecting the company's financial status and performance [Consolidated Balance Sheet](index=10&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2016, total assets were RMB 33.17 billion (down 1.25%), total liabilities were RMB 13.29 billion (down 8.21%), and owners' equity attributable to the parent company was RMB 15.09 billion (up 4.31%), indicating an optimized asset-liability structure Consolidated Balance Sheet Key Items (September 30, 2016) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 33,172,771,792.17 | 33,593,514,609.86 | -1.25% | | Total Liabilities | 13,291,862,564.33 | 14,480,902,478.98 | -8.21% | | Total Owners' Equity Attributable to Parent Company | 15,093,343,157.27 | 14,469,512,252.36 | 4.31% | [Consolidated Income Statement](index=14&type=section&id=Consolidated%20Income%20Statement) For the first three quarters of 2016, total operating revenue was RMB 9.13 billion (down 25.08%), total operating costs were RMB 7.65 billion (down 29.03%), and net profit attributable to the parent company was RMB 1.001 billion (up 0.80%), with basic earnings per share at RMB 0.60 Consolidated Income Statement Key Items (Jan-Sep 2016) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 9,133,393,269.00 | 12,190,910,752.16 | -25.08% | | Operating Profit | 1,724,020,979.81 | 1,715,820,930.72 | 0.48% | | Net Profit Attributable to Parent Company Owners | 1,000,730,280.82 | 992,761,667.18 | 0.80% | | Basic Earnings Per Share (RMB/share) | 0.60 | 0.59 | 1.69% | [Consolidated Cash Flow Statement](index=19&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2016, net cash flow from operating activities was RMB 2.20 billion (up 15.52%), net cash outflow from investing activities was RMB 394 million, and net cash outflow from financing activities was RMB 1.31 billion, with cash and cash equivalents at period-end totaling RMB 6.25 billion Consolidated Cash Flow Statement Summary (Jan-Sep 2016) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 2,196,732,676.71 | 1,901,544,894.60 | | Net Cash Flow from Investing Activities | -393,860,994.82 | -597,138,185.64 | | Net Cash Flow from Financing Activities | -1,313,343,278.62 | 509,255,918.58 | | Cash and Cash Equivalents at Period-End | 6,250,271,438.54 | 5,944,249,280.33 | [Audit Report](index=22&type=section&id=4.2%20Audit%20Report) This quarterly report has not been audited - The report explicitly states that the **financial statements are unaudited**[43](index=43&type=chunk)

Financial Performance - The company achieved total operating revenue of CNY 5.95 billion in the first half of 2016, a decrease of 30.50% compared to the same period last year[24]. - The net profit attributable to shareholders was CNY 649.47 million, down 2.43% from CNY 665.62 million in the previous year[24]. - The company’s total throughput reached 18.56 million tons, an increase of 3.38% year-on-year[24]. - The sales revenue for the period was CNY 2.06 billion, a decrease of 60.86% year-on-year due to the transfer of two trading subsidiaries[23]. - The company completed 46.91% of its annual revenue target of CNY 12.69 billion, achieving approximately CNY 5.95 billion in the first half[32]. - The gross margin for the stevedoring business was 44.19%, with a year-on-year increase of 1.52 percentage points[34]. - The port logistics business saw a revenue decrease of 3.78%, with a gross margin of 19.28%, down by 7.20 percentage points year-on-year[34]. Operating Costs and Cash Flow - The company’s operating costs were CNY 4.99 billion, down 34.54% compared to the previous year[24]. - Operating costs decreased by 38.55% to approximately CNY 4.20 billion, attributed to the sale of a trading subsidiary's equity[29]. - The company’s cash flow from operating activities was CNY 1.51 billion, an increase of 69.61% compared to the previous year[21]. - The net cash flow from operating activities increased by 69.61% to approximately CNY 1.51 billion, due to the exclusion of the sold subsidiary from the consolidated scope[29]. Assets and Liabilities - The company’s total assets amounted to CNY 33.03 billion, a decrease of 1.69% from the end of the previous year[21]. - The company maintained a current ratio of 1.58[24]. - The company’s debt-to-asset ratio stood at 41.20%[24]. - Total current liabilities decreased from CNY 7,271,586,402.27 to CNY 6,094,831,689.01, a reduction of approximately 16.2%[86]. - Total non-current liabilities increased from CNY 7,209,316,076.71 to CNY 7,511,683,735.34, an increase of about 4.2%[86]. Investments and Capital Expenditures - The company invested a total of 1.45 billion RMB during the reporting period, representing an increase of 806.25% compared to 0.16 billion RMB in the same period last year[39]. - The company is involved in the construction of the Tianjin Port Shenghua International Container Terminal, with a total investment of 4.2 billion RMB, where the company holds a 60% stake[40]. - The company has made a capital contribution of 216.13 million RMB to Tianjin Port Yanhang International Ore Terminal, which is part of the investment in the construction of the Tianjin Port South Jiang Area 26 and 27 terminals[40]. - The company has established a joint venture with Anji Automotive Logistics Co., Ltd. for the Tianjin Port Haijia Automobile Terminal, with a registered capital of 400 million RMB, where the company holds a 51% stake[40]. Shareholder Information - The total number of shareholders reached 103,190 by the end of the reporting period[74]. - The largest shareholder, Xianchuang Investment Co., Ltd., holds 951,512,511 shares, accounting for 56.81% of the total shares[75]. - China Securities Finance Corporation Limited increased its holdings by 2,920,874 shares, bringing its total to 36,292,201 shares, representing 2.17%[75]. Corporate Governance - The company has established and improved its internal control system to enhance corporate governance[69]. - The board of directors has complied with relevant laws and regulations to ensure the company's stable and sustainable development[69]. - The company has actively engaged in information disclosure to protect the interests of all shareholders[69]. Taxation and Deferred Tax - The company has tax incentives, including a five-year exemption from corporate income tax for certain subsidiaries, which will reduce tax liabilities significantly during the specified periods[182]. - The company confirmed that all taxable temporary differences are recognized as deferred tax liabilities unless specific conditions are met[176]. - The company employs a straight-line method for accounting for operating leases, ensuring consistent expense recognition over the lease term[177]. Revenue Recognition and Accounting Policies - Revenue from sales of goods is recognized when the risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[171]. - The company recognizes expected liabilities when there is a present obligation that is likely to result in an outflow of economic benefits[169]. - The company recognizes financial assets at fair value, with impairment testing conducted for assets not measured at fair value through profit or loss[140].