Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,610,990,685.11, a decrease of 5.99% compared to CNY 1,713,687,914.24 in the same period last year[4] - Net profit attributable to shareholders was CNY 420,609,792.74, down 3.07% from CNY 433,950,677.22 year-on-year[4] - Total operating revenue for Q1 2025 was CNY 1,610,990,685.11, a decrease of 6.0% compared to CNY 1,713,687,914.24 in Q1 2024[16] - Net profit for Q1 2025 was CNY 445,334,840.39, slightly up from CNY 444,319,257.60 in Q1 2024, reflecting a growth of 0.2%[16] - Operating profit for Q1 2025 was CNY 531,637,903.94, nearly unchanged from CNY 531,629,096.08 in Q1 2024[17] - The total comprehensive income for the first quarter of 2025 was CNY 393,406,801.98, a decrease from CNY 456,140,809.95 in the same period of 2024, representing a decline of approximately 13.8%[18] - The company's total revenue for Q1 2025 was ¥870,345,972.34, a decrease of 12.3% compared to ¥992,865,874.49 in Q1 2024[30] - Operating profit for Q1 2025 was ¥357,468,705.49, down from ¥378,929,329.19 in Q1 2024, reflecting a decline of 5.6%[31] - Net profit for Q1 2025 was ¥281,543,280.58, compared to ¥301,781,858.54 in Q1 2024, representing a decrease of 6.7%[31] Cash Flow - The net cash flow from operating activities decreased significantly by 61.32%, from CNY 725,460,808.36 to CNY 280,625,250.79[4] - The net cash flow from operating activities for Q1 2025 was CNY 280,625,250.79, down 61.3% from CNY 725,460,808.36 in Q1 2024[21] - Cash inflows from investment activities totaled CNY 323,094,922.41 in Q1 2025, compared to CNY 685,893,209.00 in Q1 2024, indicating a decrease of about 52.9%[22] - The net cash flow from financing activities was -CNY 63,522,339.96 in Q1 2025, worsening from -CNY 54,223,797.14 in Q1 2024[23] - The ending cash and cash equivalents balance as of March 31, 2025, was CNY 2,069,815,428.06, down from CNY 2,794,210,198.12 at the end of 2024[23] - The total operating cash inflows decreased to CNY 1,395,462,864.56 in Q1 2025 from CNY 1,773,319,118.31 in Q1 2024, reflecting a decline of approximately 21.3%[21] - The cash outflows from operating activities increased to CNY 1,114,837,613.77 in Q1 2025, compared to CNY 1,047,858,309.95 in Q1 2024, marking an increase of about 6.4%[21] - Cash inflow from investment activities in Q1 2025 was ¥301,313,676.75, down from ¥669,156,809.00 in Q1 2024, reflecting a decrease of 55.0%[33] - The net cash flow from financing activities was -4,393,835.95, indicating a cash outflow[34] Assets and Liabilities - Total assets at the end of the reporting period increased by 0.20% to CNY 27,934,887,444.83 from CNY 27,880,013,639.48 at the end of the previous year[5] - Total assets as of March 31, 2025, were CNY 27,934,887,444.83, a slight increase from CNY 27,880,013,639.48 at the end of 2024[12] - Total liabilities decreased to CNY 7,256,251,857.19 as of March 31, 2025, down from CNY 7,608,797,848.52 at the end of 2024, a reduction of 4.6%[13] - Total liabilities decreased to ¥1,529,972,680.22 from ¥1,649,450,678.20, a reduction of approximately 7.2%[28] - The company's non-current liabilities increased to ¥421,379,814.95 from ¥395,294,379.71, marking an increase of 6.6%[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 52,167[8] - The largest shareholder, Hebei Port Group Co., Ltd., holds 58.27% of the shares, totaling 3,256,008,078 shares[9] Research and Development - Research and development expenses for Q1 2025 were CNY 14,906,682.99, down 29.3% from CNY 21,117,963.35 in Q1 2024[17] - Research and development expenses for Q1 2025 were ¥12,093,726.27, down from ¥17,397,172.99 in Q1 2024, a decrease of 30.5%[31] Government Subsidies - The company received government subsidies amounting to CNY 3,747,478.96, which are closely related to its normal business operations[6] Cash and Cash Equivalents - The company's cash and cash equivalents increased to CNY 4,492,371,579.69 as of March 31, 2025, compared to CNY 4,280,764,065.06 at the end of 2024, representing a growth of 4.9%[11] - The cash and cash equivalents at the end of the period amounted to 1,252,937,674.69, compared to 975,120,531.75 at the beginning of the period[34] - The net increase in cash and cash equivalents was 277,817,142.94, reflecting a significant inflow[34] - The impact of exchange rate changes on cash and cash equivalents was -209,304.64[34]

数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0800 | 0.0800 | 0 | 0.0700 | | 每股净资产（元） | 3.53 | 3.38 | 4.44 | 3.19 | | 每股公积金(元) | 0.94 | 0.94 | 0 | 0.93 | | 每股未分配利润(元) | 1.17 | 0.99 | 18.18 | 0.80 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 16.11 | 17.14 | -6.01 | 17.26 | | 净利润(亿元) | 4.21 | 4.34 | -3 | 4.18 | | 净资产收益率(%) | 2.15 | 2.33 | -7.73 | 2.38 | | 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | --- | ...

Financial Performance - The net profit attributable to shareholders for the year 2024 is RMB 1,564,897,805.73, with a proposed cash dividend of RMB 0.85 per 10 shares, totaling RMB 474,930,020.00[4] - Operating revenue for 2024 was CNY 6,865,375,581.39, a decrease of 2.69% compared to CNY 7,054,883,834.36 in 2023[23] - Net profit attributable to shareholders for 2024 reached CNY 1,564,897,805.73, reflecting a growth of 2.20% from CNY 1,531,202,403.96 in 2023[23] - Basic earnings per share for 2024 was CNY 0.28, an increase of 3.70% compared to CNY 0.27 in 2023[24] - The total profit for 2024 was 190,025.69 million RMB, an increase of 0.91% year-on-year[72] - The company's gross profit for the year was CNY 261,531.74 million, a decrease of 0.98% year-on-year, with a gross profit margin of 38.09%, an increase of 0.65 percentage points[123] - The net profit for the year was CNY 157,459.02 million, a year-on-year increase of 0.65%, with a net profit margin of 22.94%, up by 0.76 percentage points[129] Cash Flow and Assets - The net cash flow from operating activities for 2024 was CNY 2,415,146,972.94, showing a slight increase of 0.89% from CNY 2,393,799,107.25 in 2023[23] - Cash and cash equivalents increased to CNY 4,280,764,000 in 2024 from CNY 2,838,023,000 in 2023[27] - The company's asset-liability ratio improved to 27.29% in 2024 from 30.88% in 2023[27] - The total assets at the end of 2024 were CNY 27,880,013,639.48, a decrease of 0.52% from CNY 28,026,106,959.77 at the end of 2023[23] Operational Highlights - The company achieved a total throughput of 414 million tons in 2024, with coal throughput at 209 million tons and metal ore throughput at 157 million tons, reflecting a year-on-year increase of 5.63%[43] - The coal throughput was 208.83 million tons, a decrease of 8.05 million tons or 3.71% from 216.88 million tons in 2023, primarily due to weak domestic demand and increased imports[51] - The metal ore throughput increased to 156.62 million tons, up by 24.44 million tons or 18.49% from 132.18 million tons in 2023, driven by enhanced global economic activity[52] - The container throughput reached 1,256,490 TEU, equivalent to 16.13 million tons, representing an increase of 161,125 TEU or 14.71% compared to 1,095,365 TEU in 2023[54] Governance and Compliance - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[6] - The company has a strong governance structure with all board members present at the meeting[6] - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[7] - The company has established a comprehensive governance structure with six specialized committees under the board of directors to ensure effective decision-making[137] - The company has committed to maintaining the independence of its operations and protecting the rights of minority shareholders amid the integration of port resources[140] - The company has ensured compliance with relevant laws and regulations to avoid conflicts of interest and protect shareholder rights[141] Strategic Initiatives - The company focused on enhancing its core business and improving operational efficiency, particularly in coal and metal ore logistics services[44] - The company plans to focus on developing new cargo sources and fostering new business formats to enhance growth potential[46] - The company aims to accelerate the construction of a world-class dry bulk port, contributing to the development of maritime capabilities[46] - The company is committed to promoting smart, green, efficient, and safe port construction as part of its strategic planning[46] Research and Development - The total R&D expenditure accounts for 2.53% of the operating revenue, indicating a commitment to innovation[91] - The company has 887 R&D personnel, accounting for 10.23% of the total workforce[93] - In 2024, the company plans to implement 262 R&D projects, including significant initiatives for "smart port" construction[95] - Research and development investments increased by 18%, focusing on innovative technologies in supply chain management[152] Management and Human Resources - The total compensation for executives amounted to 1,079.93 million CNY, with a breakdown of 242.89 million CNY in basic salary and 326.83 million CNY in performance-related pay[146] - The average compensation for the board members and executives reflects a strategic focus on attracting and retaining top talent, with the highest individual compensation reaching 160.28 million CNY[146] - The company employed a total of 8,674 staff, with 7,142 in the parent company and 1,532 in major subsidiaries[194] - The company conducted training for 130,203 participants in 2024, achieving a 100% training coverage rate[196] Market and Economic Context - The macroeconomic environment in 2024 showed a GDP growth of 5.0%, with the total economic output reaching 134.9 trillion RMB, positioning China as a key driver of global economic growth[42] - The company anticipates stable business volume in the metal ore sector for 2025, supported by the ongoing development of the steel industry[117] - The company plans to optimize its service and explore new growth points in the general cargo business, benefiting from the expected increase in international trade volume[118] Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[150] - The company has outlined a future outlook with a revenue target of 1.5 billion yuan for the next fiscal year, reflecting a 25% growth expectation[157] - Overall, the company remains optimistic about future growth, citing strong demand in key markets[150]

会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 4 月 16 日(星期三)至 4 月 22 日(星期二)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 qggf@portqhd.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 秦皇岛港股份有限公司（以下简称"公司"）已于 2025 年 3 月 29 日发布公 司 2024 年年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经营成 果、财务状况，公司计划于 2025 年 4 月 23 日下午 16:00-17:00 举行 2024 年度 业绩说明会，就投资者关心的问题进行交流。 证券代码：601326 证券简称：秦港股份 公告编号：2025-008 秦皇岛港股份有限公司 关于召开 2024 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或 ...

（股份代號：03369） 董事會召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） 秦皇島港股份有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此公佈，本公司將於二零二五年四 月二十八日（星期一）舉行董事會會議，其中議程包括審議及批准本公司及其附屬公司截至二零二五 年三月三十一日止三個月未經審核的第一季度業績及其發佈。 承董事會命 於本公告日期，本公司執行董事為張小強先生、聶玉中先生及高峰先生；非執行董事為李迎旭先生 及肖湘女士；及獨立非執行董事為趙金廣先生、朱清香女士、劉力先生及周慶先生。 * 僅供識別 秦皇島港股份有限公司 董事長 張小強 中華人民共和國，河北省秦皇島市 二零二五年四月十四日 ...

Investment Rating - The report maintains a "Recommendation" rating for the insurance industry, suggesting that the industry index is expected to rise more than 5% over the next 3-6 months compared to the benchmark index [22]. Core Insights - The insurance index fell by 4.77% this week, underperforming the broader market by 1.89 percentage points. Major insurance stocks also experienced declines, with notable drops from companies like AIA (-15.93%) and Taiping (-16.17%) [1]. - The insurance sector is seeing significant growth in the electric vehicle (EV) insurance market, with 31.05 million EVs insured in 2024, generating premium income of 140.9 billion yuan. This represents 15.4% of the total auto insurance premiums [4]. - The report highlights that the profitability of the auto insurance segment is crucial for the overall profitability of property insurance companies, with EV insurance becoming a competitive focus as penetration rates increase [5]. Summary by Sections Market Performance - The insurance index decreased by 4.77% this week, with major companies like Ping An and China Life also showing declines [1]. - The 10-year government bond yield is at 1.66%, down 6 basis points from the previous week [1]. Regulatory Developments - The China Banking and Insurance Regulatory Commission announced adjustments to the regulatory ratios for equity assets, increasing the upper limit for equity asset allocation and relaxing requirements for tax-deferred pension ratios [2]. - By the end of 2024, the first batch of pilot commercial pension accounts reached approximately 1.955 million, a nearly 230% increase from the end of 2023 [2]. Electric Vehicle Insurance Insights - The average premium for EV insurance in 2024 is approximately 4,538 yuan, which is a concern for potential customers due to high costs. Despite this, the segment is experiencing underwriting losses primarily due to high claims and repair costs [4]. - The report suggests that collaboration between insurers and automakers to enhance data models could improve pricing accuracy for EV insurance [4]. Investment Recommendations - The report notes that the recent market downturn due to tariff conflicts has led to a valuation correction in the insurance sector, presenting potential long-term investment opportunities [5]. - Current price-to-earnings (PE) and price-to-book (PB) ratios for major insurers are provided, with Ping An at a PE of 6.53 and a PB of 0.91, indicating a strong buy recommendation [10].

本公司各港口吞吐量如下： | | | 截至 年 2025 | 3 | 月 | 日 31 | 截至 | 2024 | 年 3 | 月 | 31 | 日 | 增加/（减少） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 止三个月吞吐量 | | | | | | 止三个月吞吐量 | | | | 百分比（%） | | | | （百万吨） | | | | | | （百万吨） | | | | | | 秦皇岛港 | 40.53 | | | | | | | 44.07 | | | | (8.03) | | 曹妃甸港 | | 32.64 | | | | | | 32.69 | | | | (0.15) | | 黄骅港 | | 24.12 | | | | | | 23.43 | | | | 2.94 | | 总计 | | 97.29 | | | | | | 100.19 | | | | (2.89) | 证券代码：601326 证券简称：秦港股份 公告编号：2025-007 秦皇岛港股份有限公司 关于 ...

Core Viewpoint - Qin Port Co., Ltd. (601326) reported a total throughput of 97.29 million tons for the three months ending March 31, 2025, representing a 2.89% decrease compared to 100 million tons in the same period last year [1] Summary by Category Overall Throughput - The total throughput for the company was 97.29 million tons, down 2.89% year-on-year [1] Coal Throughput - Coal throughput amounted to 48.62 million tons, reflecting a year-on-year decline of 3.88% [1] Metal Ore Throughput - Metal ore throughput reached 36.11 million tons, which is a decrease of 4.82% compared to the previous year [1] Oil and Liquid Chemical Throughput - Oil and liquid chemical throughput increased to 430,000 tons, showing a year-on-year growth of 16.22% [1] Container Throughput - Container throughput was 381,100 TEUs, marking a significant increase of 36.81% year-on-year [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 秦皇島港股份有限公司 呈交日期: 2025年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03369 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 829,853,000 | RMB | | 1 RMB | | 829,853,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 829,853,000 | RMB | | 1 RMB | | 829,853,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | ...

Core Viewpoint - Qinhuangdao Port Co., Ltd. reported a slight decrease in revenue but an increase in net profit for the fiscal year 2024, indicating resilience in profitability despite revenue challenges [1][4]. Financial Performance - The company achieved a total revenue of 6.865 billion RMB in 2024, a year-on-year decrease of 2.69% [1][4]. - The net profit attributable to shareholders was 1.566 billion RMB, reflecting a year-on-year increase of 2.2% [2][4]. - The net profit excluding non-recurring items was 1.496 billion RMB, up 0.63% year-on-year [1][4]. - In Q4 2024, the company reported a quarterly revenue of 1.796 billion RMB, an increase of 6.08% year-on-year [1]. - The quarterly net profit attributable to shareholders was 226 million RMB, a decrease of 5.28% year-on-year [1]. Dividend Distribution - The company proposed a cash dividend of 0.85 RMB per 10 shares (including tax), totaling 474.93 million RMB to be distributed to shareholders [2][4]. Shareholder Structure - As of the end of the reporting period, the total number of ordinary shareholders was 53,871, an increase from 52,476 at the end of the previous month [3]. - Hebei Port Group Co., Ltd. remains the largest shareholder with a holding of 3.256 billion shares, representing 58.27% of the total shares [3][4].