Financial Performance - The company achieved operating revenue of CNY 16.10 billion in 2021, an increase of 21.78% compared to CNY 13.22 billion in 2020[16]. - Net profit attributable to shareholders was CNY 3.96 billion, up 3.18% from CNY 3.84 billion in the previous year[16]. - The net cash flow from operating activities decreased by 23.60% to CNY 2.75 billion, down from CNY 3.60 billion in 2020[16]. - The company's total assets increased by 5.94% to CNY 60.58 billion at the end of 2021, compared to CNY 57.18 billion at the end of 2020[16]. - Basic earnings per share rose to CNY 0.61, a 3.39% increase from CNY 0.59 in 2020[17]. - The weighted average return on equity was 11.67%, a decrease of 0.5 percentage points from 12.17% in 2020[17]. - The company reported a quarterly revenue of CNY 3.84 billion in Q1 2021, CNY 4.09 billion in Q2, CNY 4.22 billion in Q3, and CNY 3.95 billion in Q4[19]. - The company achieved operating revenue of 16.099 billion RMB, a year-on-year increase of 21.78%[30]. - Net profit attributable to shareholders reached 3.964 billion RMB, reflecting a year-on-year growth of 3.18%[30]. Dividend Distribution - The company plans to distribute approximately 50% of the distributable profit of CNY 332,794.50 million for 2021, amounting to CNY 166,431.80 million in cash dividends, which represents about 42% of the net profit attributable to shareholders[4]. - The total share capital of the company is 6,491,100,000 shares, with a proposed cash dividend of CNY 2.564 per 10 shares[4]. - The company has established a dividend policy ensuring that annual cash dividends will not be less than 40% of the distributable profit for the year, subject to certain conditions[115]. - The company plans to implement a three-year shareholder dividend return plan for 2022-2024[78]. Risk Management - There are no significant risks such as stock delisting or bankruptcy reported during the period[6]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[5]. - The company has outlined potential market, industry, operational, and pandemic-related risks in its management discussion[6]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements[5]. - The company recognizes the risks associated with macroeconomic fluctuations, regional economic dependencies, and potential adjustments in port fee structures[71]. Operational Efficiency - Operating costs increased by 29.08% to 8.488 billion RMB, primarily due to increased business volume and rising freight costs[31]. - Research and development expenses surged by 309.89% to 201.78 million RMB, driven by accelerated smart green port construction and increased participation in national and local research projects[31]. - The liquid bulk handling and supporting services segment saw a revenue increase of 40.88%, attributed to new pipeline operations and changes in local refinery raw material structures[35]. - The logistics and port value-added services segment reported a revenue growth of 34.20%, driven by increased freight forwarding business volume and rising freight rates[35]. - The gross profit margin for container handling and supporting services improved by 8.68 percentage points to 71.53%[34]. Strategic Initiatives - The company plans to expand its logistics and port value-added services, which contributed significantly to revenue growth in 2021[17]. - The company aims to enhance its core competitiveness through strategic cooperation with key clients and expanding logistics services[27]. - The company is actively involved in national strategies such as the "Belt and Road Initiative" and the Shandong Free Trade Zone[24]. - The company aims to achieve a balance of quantity and efficiency in its operations to create greater value for shareholders and society[68]. - The company is exploring potential acquisitions to enhance its logistics capabilities, with a budget of 300 million RMB allocated for this purpose[83]. Environmental Responsibility - The company has committed to environmental responsibilities, being listed as a key pollutant discharge unit in Qingdao[124]. - The company has implemented a "carbon peak and carbon neutrality" port construction plan, outlining a timeline and key tasks for achieving these goals[133]. - The company has achieved zero emissions of non-methane total hydrocarbons from its oil loading operations in 2021[126]. - The company has initiated a project to replace port machinery with clean energy, including the introduction of electric traction vehicles[133]. - The company has received recognition as a "2021 Most Influential Green Enterprise Brand" at the Green Development Forum[133]. Governance and Compliance - The company has a structured internal control framework that aligns with regulatory requirements and is designed to enhance risk management capabilities[119]. - The company emphasizes the protection of minority shareholders' rights and has established clear communication channels for them to express their opinions[117]. - The company has maintained compliance with accounting policies and has no significant changes or errors to report[146]. - The company has established a dedicated leadership team to monitor and address competition issues with its controlling shareholders[75]. - The company will ensure compliance with legal and regulatory requirements while maintaining shareholder interests, particularly for minority shareholders[76]. Human Resources and Training - The total number of employees in the parent company and major subsidiaries is 9,218, with 3,997 in the parent company and 5,221 in major subsidiaries[110]. - The company implemented a performance-based salary system, with employee compensation linked to company performance and productivity[111]. - In 2021, the company trained nearly 300 employees in various professional technical qualifications and over 170 employees obtained senior technician qualifications[112]. - The company conducted 74 training sessions covering 17 topics, achieving a 100% training coverage rate among employees[113]. Shareholder Structure - The largest shareholder, Shandong Port Qingdao Port Group Co., Ltd., holds 3,522,179,000 shares, representing 54.26% of the total shares[184]. - The company has a total of 6,562,000 shares lent out under a securities lending program, which does not involve a transfer of ownership[187]. - The total number of ordinary shareholders at the end of the reporting period is 58,381, an increase from 58,282 at the end of the previous month[183]. - The company has no significant changes in its controlling shareholder during the reporting period[191]. Financial Activities - The company has issued corporate bonds totaling CNY 1,500,000,000 and CNY 2,000,000,000, both of which were redeemed in 2021[182]. - The company has consistently paid interest and redemption amounts for both phases of the bonds on time from 2017 to 2020[200]. - The company reported a total of 0 in overdue guarantees, indicating compliance with all obligations[170]. - The company has no overdue amounts in its entrusted loans, and no impairment provisions have been made[177].

Financial Performance - The company achieved operating revenue of 7,933,081,653 RMB in the first half of the year, a year-on-year increase of 30.65% compared to 6,072,103,452 RMB in the same period last year[18]. - Net profit attributable to shareholders was 2,165,995,532 RMB, reflecting a growth of 7.61% from 2,012,822,439 RMB in the previous year[18]. - Basic earnings per share increased to 0.33 RMB, up 6.45% from 0.31 RMB in the same period last year[17]. - The weighted average return on equity was 6.41%, a slight decrease of 0.05 percentage points from 6.46% in the previous year[17]. - The company reported a total asset value of 57,153,076,757 RMB, showing a minor decrease of 0.04% compared to the previous year[18]. - The company reported a net profit of 2,089,925,825 RMB for the first half of 2021, representing an 8.36% increase compared to 1,928,621,902 RMB in the same period last year[107]. - The company's debt-to-asset ratio decreased by 1.25 percentage points to 34.49% due to the repayment of maturing corporate bonds amounting to 2.174 billion RMB[107]. - The interest coverage ratio improved to 38.93, up 29.29% from 30.11 in the previous year, attributed to an increase in total profit by 274 million RMB and a decrease in interest expenses by 16 million RMB[107]. Cash Flow - The net cash flow from operating activities decreased by 55.36%, amounting to 468,223,094 RMB, primarily due to a net cash outflow of 10,380,000 RMB in procurement activities compared to the previous year[18]. - The company's cash flow from operating activities for the first half of 2021 was CNY 7,528,043,467, significantly higher than CNY 5,777,880,636 in the same period of 2020, marking an increase of 30.3%[122]. - The company's cash and cash equivalents at the end of the period were ¥4,483,927,318, down from ¥6,359,577,827 at the end of the previous year[124]. - Net cash flow from investment activities was ¥1,051,800,387, a significant recovery from a negative cash flow of ¥158,417,963 in the same period last year[123]. - Financing cash inflow reached ¥2,032,231,229, up from ¥1,880,870,258 year-over-year[124]. - Net cash flow from financing activities was -¥3,103,304,352, a decline from a positive cash flow of ¥1,449,706,620 in the previous year[124]. Investments and Acquisitions - The company has increased its research and development expenses by 80.6% to 119.32 million RMB, focusing on the construction of a green smart port[32]. - The company acquired a 49% stake in Qingdao Port General Terminal Co., Ltd., which has now become a wholly-owned subsidiary[40]. - The company has pre-paid 261,903,564 RMB as a deposit for the acquisition of a 51% stake in Qingdao Haiye Oil Terminal Co., Ltd., with an outstanding payment of 1,047,614,256 RMB[40]. - The company acquired 51% equity in Shandong Port Construction for RMB 183.4878 million, with the transaction still pending completion[83]. - The company acquired 100% equity in Tongbao Shipping for RMB 36.656 million, with the transaction also pending completion[84]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,454[99]. - The largest shareholder, Qingdao Port (Group) Co., Ltd., held 3,522,179,000 shares, representing 54.26% of the total shares[100]. - The second-largest shareholder, Shanghai Zhonghai Terminal Development Co., Ltd., held 1,099,025,000 shares, accounting for 16.93%[100]. - The third-largest shareholder, Maersk (Qingdao) Co., Ltd., held 1,015,520,000 shares, representing 15.64%[100]. - No changes occurred in the company's total share capital and structure during the reporting period[96]. Environmental and Social Responsibility - The company was listed as a key pollutant discharge unit by Qingdao City in the first half of 2021[54]. - The company disposed of 1.42 tons of hazardous waste (waste paint buckets and brushes) and 27.94 tons of oil sludge through qualified professional units[54]. - The company has implemented a project to construct a hybrid tugboat, promoting cleaner energy usage in port operations[65]. - The company has engaged a third-party environmental management firm to conduct inspections on 14 key units to enhance pollution control measures[65]. - The company has allocated 6.19 million RMB for 21,000 "Luzhang Family" meat gift packages to support poverty alleviation efforts in Tibet[68]. Risk Management - There are no significant risks such as stock delisting or bankruptcy reported during the period[4]. - The company has detailed descriptions of market, industry, and operational risks in the management discussion and analysis section[4]. - The company faces risks related to macroeconomic fluctuations, which could impact its operational performance due to the port industry's dependence on the national economy[45]. - The company is actively expanding its diversified development space and enhancing its logistics services to mitigate risks from potential adjustments in port fee structures[46]. Corporate Governance - The company has ensured that all board members attended the board meeting, confirming the accuracy and completeness of the report[2]. - The financial report for the half-year period has not been audited[2]. - The company held one shareholder meeting during the reporting period, which took place on June 28, 2021[48]. - Yin Jian was appointed as the Deputy General Manager on March 29, 2021, with a term ending at the conclusion of the third board of directors' term[49]. Financial Reporting and Compliance - The company’s financial report was approved by the board of directors on August 26, 2021[140]. - The company’s financial statements are prepared based on the going concern principle[144]. - The company’s accounting policies and estimates comply with the requirements of the accounting standards, ensuring a true and complete representation of its financial status[144]. - The company has no overdue bonds or any risk of termination of bond trading[105]. - The company did not issue any convertible bonds during the reporting period[108].

2021 年第一季度报告 公司代码：601298 公司简称：青岛港 债券代码：136472 债券简称：16 青港 02 青岛港国际股份有限公司 2021 年第一季度报告 1 / 20 2021 年第一季度报告 í = 、 líl 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 | 2 / 20 2021 年第一季度报告 2.1 主要财务数据 单位：元 币种：人民币 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 公司负责人贾福宁、主管会计工作负责人樊西为及会计机构负责人（会计主管人 员）刘永霞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 | --- | --- | --- | --- | |---------------------------------------- ...

Financial Performance - In 2020, the company's operating revenue reached CNY 13.22 billion, an increase of 8.68% compared to CNY 12.16 billion in 2019[18]. - The net profit attributable to shareholders was CNY 3.84 billion, reflecting a slight increase of 1.36% from CNY 3.79 billion in the previous year[18]. - The net cash flow from operating activities was CNY 3.60 billion, showing a significant increase of 21.54% compared to CNY 2.97 billion in 2019[18]. - The company's total assets at the end of 2020 were CNY 57.18 billion, up from CNY 52.79 billion at the end of 2019[18]. - The basic earnings per share remained stable at CNY 0.59, unchanged from 2019[19]. - The weighted average return on equity decreased to 12.17%, down 0.77 percentage points from 12.94% in 2019[19]. - The company reported a total of CNY 128.41 million in non-recurring gains and losses for 2020, compared to CNY 123.35 million in 2019[22]. - The gross profit margin for the liquid bulk cargo handling segment increased by 3.85 percentage points to 76.75%[38]. - The company reported a net credit impairment loss of RMB -93,152,905, worsening from RMB -26,902,470 in 2019[200]. - The gross profit margin for 2020 was approximately 29.5%, compared to 32.5% in 2019[200]. Dividend Distribution - The company plans to distribute cash dividends of 2.622 CNY per 10 shares, totaling approximately 170.20 million CNY, which represents 44.30% of the net profit attributable to shareholders for 2020[4]. - The total distributable profit for 2020 is approximately 327.37 million CNY, with 52% allocated for dividends[4]. - The company has established a cash dividend policy ensuring that annual cash dividends will not be less than 40% of the distributable profits, contingent on meeting specific financial conditions[64]. Operational Highlights - In 2020, the company achieved a cargo throughput of 540 million tons, representing a year-on-year increase of 4.5%[33]. - The container throughput reached 22.01 million TEU, with a growth of 4.7% compared to the previous year[33]. - The liquid bulk cargo throughput was 100 million tons, also increasing by 4.6% year-on-year[34]. - The company processed increased revenues from liquid bulk cargo handling and related services, as well as from metal ores and coal handling[19]. Investments and Acquisitions - The company established a wholly-owned subsidiary, Qingdao Port International Oil Port Co., Ltd., with a registered capital of ¥100 million[53]. - The company acquired 90% of Qingdao Hongxing Logistics for RMB 149.5 million and an additional capital injection of RMB 30 million during the reporting period[54]. - The company engaged in a significant equity transfer agreement, transferring 49% of its equity to Shandong Port Group, while maintaining control through Qingdao State-owned Assets Supervision and Administration Commission[97]. Risk Management - The company has confirmed that there are no significant risks such as stock delisting or bankruptcy during the reporting period[6]. - The company is exposed to risks from macroeconomic fluctuations, which can significantly impact its operations due to the port industry's close ties to the national economy[62]. - The company has faced risks related to potential adjustments in port fee structures, which could impact its operational performance[62]. Corporate Governance - The company maintained compliance with corporate governance regulations, with no significant violations reported during the period[149]. - The board of directors had a high attendance rate, with key members attending all scheduled meetings[153]. - The company has a structured compensation management approach that includes basic, performance, and incentive pay linked to key performance indicators[164]. Environmental Initiatives - The company has implemented a series of environmental protection initiatives, including the development of a smart green port construction plan and the establishment of 56 key tasks for green port infrastructure[105]. - The company has achieved a 4-star rating in the green port evaluation for its subsidiary QQCTU, indicating significant progress in environmental standards[105]. - The company has introduced 3 hydrogen-powered trucks and modified 5 hydrogen-powered cranes for port operations, demonstrating a commitment to clean energy applications[105]. Employee Management - The total number of employees in the parent company is 4,419, and in major subsidiaries, it is 4,562, resulting in a total of 8,981 employees[143]. - The average training time for employees exceeded 32 hours per year, with a training coverage rate of 100%[147]. - The company provides various social insurances, including pension, medical, unemployment, work injury, and maternity insurance, along with additional benefits like high-temperature and heating subsidies[146]. Future Outlook - The company anticipates stable growth in container import and export demand, with a recovery in throughput expected in 2021[60]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to $1.65 billion[126]. - The company plans to implement advanced technologies such as 5G and blockchain to improve operational efficiency and establish a smart port[61].

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 992.58 million, a year-on-year increase of 1.46%[5] - Operating revenue for the period was CNY 2.89 billion, down 7.97% from the same period last year[5] - Basic and diluted earnings per share remained at CNY 0.15, unchanged from the previous year[5] - Total revenue for Q1 2020 was CNY 2,888,991,417, a decrease of 7.97% from CNY 3,139,039,296 in the same period last year[40] - Net profit for Q1 2020 reached CNY 1,096,667,899, up 77.06% from CNY 619,429,582 in Q1 2019[30] - The total profit for Q1 2020 reached CNY 1,395,024,193, up from CNY 1,303,510,103 in Q1 2019, indicating a growth of approximately 7.0%[60] - The company reported a financial income of RMB 353,746,789, compared to RMB 390,125,092 in the same period last year[25] - The investment income for Q1 2020 was CNY 353,746,789, slightly down from CNY 390,125,092 in Q1 2019, representing a decrease of about 9.3%[60] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 53.60 billion, an increase of 1.55% compared to the end of the previous year[5] - Current assets totaled RMB 19.61 billion, slightly down from RMB 19.89 billion at the end of 2019, indicating a decrease of about 1.36%[16] - Total liabilities decreased to RMB 18.87 billion from RMB 19.19 billion, a reduction of approximately 1.67%[18] - The total liabilities decreased slightly to RMB 9,348,501,908 from RMB 9,393,688,884 in the previous year[22] - The company's total assets amounted to RMB 41,298,604,783, up from RMB 40,247,123,860 in the previous year[23] - The company's total assets at the end of Q1 2020 were CNY 53,603,189,802, reflecting a 1.55% increase from CNY 52,785,301,395 at the end of the previous year[40] - The total current liabilities were reported at CNY 3,792,532,709, a decrease from CNY 3,774,000,000, indicating a slight reduction[52] Cash Flow - Net cash flow from operating activities was CNY 557.95 million, a decrease of 27.13% compared to the previous year[5] - Cash flow from operating activities in Q1 2020 was CNY 557,946,453, down 27.16% from CNY 765,721,837 in Q1 2019[31] - Cash inflow from investment activities in Q1 2020 totaled CNY 11,216,861,677, a substantial increase from CNY 5,508,995,617 in Q1 2019[33] - Net cash flow from investment activities for Q1 2020 was CNY 2,812,298,484, compared to a negative cash flow of CNY -2,736,088,366 in Q1 2019[33] - The company reported a significant increase in cash and cash equivalents, reaching CNY 10,764,390,435, up from CNY 6,846,399,847, indicating a significant increase of approximately 57.5% year-over-year[51] - The company's cash flow from operating activities in Q1 2020 was CNY 2,839,002,492, down from CNY 3,039,000,015 in Q1 2019, indicating a decline of approximately 6.6%[66] Shareholder Information - The number of shareholders at the end of the reporting period was 75,933, with the largest shareholder holding 54.26% of the shares[7] - Shareholders' equity increased to RMB 34.74 billion from RMB 33.60 billion, reflecting a growth of about 3.38%[19] - Total equity increased to RMB 31,950,102,875 from RMB 30,853,434,976 year-over-year[23] Operational Efficiency - The company received government subsidies amounting to CNY 19.77 million, which are closely related to its normal business operations[6] - The company reported a decrease in accounts payable to RMB 1.37 billion from RMB 1.41 billion, a decline of approximately 2.4%[18] - Inventory levels decreased to RMB 140.39 million from RMB 208.76 million, indicating a reduction of about 32.7%[16] - The company reported a significant increase in sales revenue, with cash received from sales of goods and services amounting to CNY 1,377,263,911 in Q1 2020, compared to CNY 1,018,691,090 in Q1 2019[69] Research and Development - Research and development expenses for Q1 2020 were RMB 8,441,032, significantly higher than RMB 275,842 in Q1 2019[25] - The company's R&D expenses for Q1 2020 were CNY 8,441,032, significantly higher than CNY 275,842 in Q1 2019, reflecting a substantial increase in investment in innovation[60]