Financial Performance - Operating revenue for the third quarter reached RMB 1,900,019,258, representing a year-on-year increase of 22.71%[2] - Net profit attributable to shareholders was RMB 407,932,436, reflecting a growth of 48.38% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was RMB 396,982,293, an increase of 49.47% year-on-year[2] - Total operating revenue for the first three quarters of 2022 reached RMB 5,286,229,518.68, an increase of 10.2% compared to RMB 4,796,158,713.86 in the same period of 2021[14] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was RMB 1,342,654,295.42, compared to RMB 1,040,615,694.18 in 2021, representing a year-on-year increase of 28.9%[19] - The company reported a comprehensive income total of RMB 1,361,208,885.46 for the first three quarters of 2022, compared to RMB 1,003,697,537.95 in 2021, indicating a significant increase of 35.6%[19] - Basic earnings per share for the first three quarters of 2022 were RMB 0.20, up from RMB 0.17 in the same period of 2021, reflecting a growth of 17.6%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 28,259,475,218.76, a 1.74% increase from the previous year[3] - Total current assets as of September 30, 2022, amounted to RMB 4,269,805,182.39, up from RMB 3,463,954,473.80 at the end of 2021, reflecting a growth of 23.3%[24] - Total liabilities decreased to RMB 10,276,305,462.46 as of September 30, 2022, down from RMB 10,867,283,855.36 at the end of 2021, a reduction of 5.4%[13] - The total liabilities as of September 30, 2022, were RMB 2,432,074,054.39, slightly up from RMB 2,423,543,390.64 at the end of 2021, indicating a marginal increase of 0.2%[28] - The company’s long-term borrowings slightly decreased to RMB 6,251,867,294.98 as of September 30, 2022, from RMB 6,259,174,345.98 at the end of 2021, a marginal decline of 0.1%[13] Shareholder Information - Shareholders' equity attributable to the parent company was RMB 17,107,590,962.89, up 6.55% from the end of the previous year[3] - The total number of common shareholders at the end of the reporting period is 63,298[6] - The largest shareholder, Hebei Port Group Co., Ltd., holds 3,032,528,078 shares, representing 54.27% of the total shares[6] - The second-largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 827,387,373 shares, accounting for 14.81%[6] - Total equity attributable to shareholders of the parent company increased to RMB 17,107,590,962.89 as of September 30, 2022, compared to RMB 16,055,346,158.93 at the end of 2021, marking a growth of 6.5%[13] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was RMB 2,241,344,708.24, showing an 11.37% increase compared to the previous year[2] - Operating cash flow for the first three quarters of 2022 reached RMB 2,241,344,708.24, an increase of 11.4% compared to RMB 2,012,444,383.44 in the same period of 2021[20] - Cash inflow from investment activities totaled RMB 1,093,241,181.57, significantly up from RMB 292,139,276.49 in the previous year, marking a year-over-year increase of 274.5%[22] - The net cash flow from investment activities improved to RMB 170,360,339.60, recovering from a loss of RMB 2,067,488,428.14 in the same period last year[22] - The company’s investment activities generated a net cash flow of CNY 350,308,136.77, a recovery from a negative cash flow of CNY -1,136,106,497.99 in the previous year[32] Research and Development - Research and development expenses increased by 994.13% year-to-date, indicating a significant rise in investment in innovation[5] - Research and development expenses increased significantly to CNY 82,828,312.59, compared to CNY 8,292,899.75 in the same period last year, reflecting a growth of 900.5%[30] Other Comprehensive Income - The company experienced a 55.98% increase in other comprehensive income, primarily due to changes in the fair value of other equity instruments[5] - Other comprehensive income after tax for the first three quarters of 2022 was RMB 216,220,490.84, compared to RMB 68,527,210.69 in 2021, showing a substantial increase of 215.5%[19]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[7]. - The company's operating revenue for the first half of 2022 was approximately ¥3.39 billion, representing a 4.26% increase compared to the same period last year[13]. - The net profit attributable to shareholders was approximately ¥711.74 million, a 1.84% increase year-over-year[13]. - The net cash flow from operating activities increased by 16.64% to approximately ¥1.48 billion compared to the previous year[13]. - The company's gross profit for the period was RMB 1,293.75 million, a year-on-year increase of 0.95%, with a gross profit margin of 38.21%, down 1.25 percentage points year-on-year[50]. - The net profit for the period was RMB 712.97 million, a year-on-year increase of 6.30%, with a net profit margin of 21.02%, down 0.50 percentage points year-on-year[50]. - The company’s total profit for the first half of 2022 was CNY 837.55 million, a slight decrease from CNY 840.54 million in the same period of 2021, reflecting a decline of about 0.35%[108]. - The company reported a total comprehensive income of CNY 836.36 million for the first half of 2022, compared to CNY 714.73 million in the same period of 2021, reflecting an increase of approximately 17.03%[108]. Operational Highlights - The throughput volume at Qinhuangdao Port reached 25 million tons, an increase of 10% compared to the same period last year[7]. - The company achieved a total cargo throughput of 188.66 million tons in the reporting period, an increase of 1.30 million tons or 0.69% compared to 187.36 million tons in the same period of 2021[27]. - Coal throughput was 112.94 million tons, up 0.31 million tons or 0.28% year-on-year, primarily due to the company's strategies to stabilize operations amid external disruptions[27]. - The company is a major operator of bulk cargo public terminals, with significant coal transportation volumes at Qinhuangdao Port, a key hub for coal transport in China[18]. - The company is actively pursuing a diversification strategy to enhance its competitive position in the logistics service sector[18]. Strategic Initiatives - The company plans to expand its operational capacity by 20% over the next two years to accommodate increasing cargo demands[7]. - New technology initiatives are underway, focusing on digitalization and automation to enhance operational efficiency, with an investment of RMB 100 million allocated for this purpose[7]. - The company is exploring strategic acquisitions to enhance its market position and expand its service offerings in the logistics sector[7]. - The company aims to expand its container transport business and develop new inland ports to enhance logistics efficiency[46]. Risk Management - The management highlighted potential risks including market fluctuations and regulatory changes, which could impact future performance[3]. - The company faces risks including delayed recovery of industrial enterprises due to COVID-19, reduced demand for coal, and competition from the development of new energy and ultra-high voltage projects[49]. Sustainability and Social Responsibility - The company emphasizes its commitment to sustainability and social responsibility in its operations, aligning with national environmental goals[7]. - The company is classified as a key pollutant discharge unit in Qinhuangdao and has complied with pollution discharge regulations, with no production wastewater discharged in the first half of 2022[58]. - The company has successfully implemented pollution prevention facilities and maintained their good operational status[59]. - The company has established a green electricity procurement, marking its commitment to clean energy usage[65]. - The company invested CNY 200,000 in a rural revitalization project, increasing the pumpkin purchase price from CNY 0.5 to CNY 2.3 per jin, benefiting local farmers[66]. Financial Integrity and Governance - The company has no non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[3]. - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[3]. - The board of directors has approved a profit distribution plan, although specific details were not applicable for this reporting period[3]. - The company appointed new executives, including four vice presidents and a CFO, to strengthen its management team[56]. - The company has complied with the Corporate Governance Code during the reporting period[85]. Shareholder Information - The largest shareholder, Hebei Port Group Co., Ltd., holds 3,032,528,078 shares, representing 54.27% of the total shares[91]. - The total number of ordinary shareholders as of the reporting period end is 63,856[90]. - The company has not experienced any changes in its total share capital structure during the reporting period[89]. Future Outlook - The company expects an increase in demand for bulk commodities in the second half of 2022 due to the implementation of national economic stabilization policies[42]. - The coal market is expected to remain stable, with prices operating within a reasonable range amid ongoing supply measures[43]. - The company plans to enhance its metal ore business by optimizing supply structures and increasing customer numbers[44].

Revenue and Profit - Total revenue for Q1 2022 was RMB 1,648,067,484.18, representing a year-on-year increase of 0.26%[2] - Net profit attributable to shareholders was RMB 335,837,013.59, reflecting a year-on-year increase of 2.67%[2] - Total operating revenue for Q1 2022 was RMB 1,648,067,484.18, slightly up from RMB 1,643,864,183.15 in Q1 2021, indicating a growth of approximately 0.07%[15] - The total profit for Q1 2022 was CNY 433,652,351.76, up from CNY 409,875,033.56 in Q1 2021, indicating a growth of about 5.8%[16] - The net profit attributable to shareholders of the parent company for Q1 2022 was CNY 335,837,013.59, compared to CNY 327,108,175.12 in Q1 2021, reflecting an increase of approximately 2.2%[17] - Net profit for Q1 2022 was CNY 309,198,113.40, a decrease of 9.6% compared to CNY 342,062,627.56 in Q1 2021[24] Cash Flow - Net cash flow from operating activities decreased by 4.69% to RMB 604,743,449.17[2] - The net cash flow generated from operating activities in Q1 2022 was CNY 604,743,449.17, compared to CNY 634,473,707.78 in Q1 2021, showing a decrease of approximately 4.3%[18] - Cash flow from operating activities in Q1 2022 was CNY 335,877,060.88, down 18.3% from CNY 411,289,019.00 in Q1 2021[25] - The cash inflow from operating activities totaled CNY 1,615,115,006.82 in Q1 2022, compared to CNY 1,606,518,554.00 in Q1 2021, indicating a slight increase of about 0.5%[18] Assets and Liabilities - Total assets at the end of the reporting period were RMB 27,944,989,506.08, a 0.60% increase from the end of the previous year[3] - Total liabilities were RMB 10,693,003,247.59 as of March 31, 2022, down from RMB 10,867,283,855.36 at the end of 2021, reflecting a decrease of approximately 1.6%[14] - Current assets totaled RMB 4,947,953,121.78 as of March 31, 2022, compared to RMB 4,567,598,692.11 at the end of 2021, representing an increase of about 8.34%[12] - Non-current assets amounted to RMB 22,997,036,384.30 as of March 31, 2022, down from RMB 23,209,379,192.67 at the end of 2021, indicating a decrease of approximately 0.91%[13] - Total assets reached RMB 27,944,989,506.08 as of March 31, 2022, compared to RMB 27,776,977,884.78 at the end of 2021, marking an increase of about 0.6%[14] - Total liabilities decreased to 2,375,870,422.58 RMB from 2,423,543,390.64 RMB year-over-year[22] Shareholder Information - The company reported a total of 64,318 common shareholders at the end of the reporting period[8] - The largest shareholder, Hebei Port Group Co., Ltd., holds 54.27% of the shares[10] - Shareholders' equity attributable to the parent company increased by 2.18% to RMB 16,405,352,408.94[3] - Shareholders' equity totaled RMB 17,251,986,258.49 as of March 31, 2022, compared to RMB 16,909,694,029.42 at the end of 2021, indicating an increase of about 2%[14] Expenses - Research and development expenses increased by 94.89% compared to the beginning of the reporting period[7] - Research and development expenses for Q1 2022 amounted to CNY 3,559,326.41, significantly higher than CNY 1,826,364.97 in Q1 2021, representing an increase of about 95.1%[16] - The company's management expenses for Q1 2022 were CNY 137,870,740.32, slightly down from CNY 145,994,589.42 in Q1 2021, a decrease of approximately 5.6%[16] - Operating costs specifically for the business increased to RMB 1,043,451,103.90 in Q1 2022 from RMB 991,257,512.60 in Q1 2021, showing an increase of approximately 5.3%[15] - Operating costs for Q1 2022 were CNY 610,540,656.13, an increase of 4.0% from CNY 586,706,839.16 in Q1 2021[23] Financial Performance - Basic and diluted earnings per share were both RMB 0.06, an increase from RMB 0.00 in the same period last year[3] - The basic earnings per share for Q1 2022 remained stable at CNY 0.06, consistent with Q1 2021[17] - The total comprehensive income for Q1 2022 was CNY 326,779,746.59, compared to CNY 296,421,232.96 in Q1 2021, reflecting an increase of about 10.3%[17] - The company reported a credit impairment loss of CNY -13,111,762.66 in Q1 2022, compared to CNY -4,256,504.36 in Q1 2021, indicating a significant increase in impairment losses[16] - The financial expenses for Q1 2022 were CNY 43,988,182.96, down from CNY 57,104,856.32 in Q1 2021, a decrease of approximately 22.9%[16] Cash and Equivalents - Cash and cash equivalents increased to RMB 4,470,337,816.05 as of March 31, 2022, from RMB 4,051,769,706.70 at the end of 2021, representing a growth of approximately 10.3%[12] - The total cash and cash equivalents at the end of the period increased to 2,907,429,442.91 RMB, up from 2,460,960,132.02 RMB[19] - Cash and cash equivalents at the end of Q1 2022 were CNY 2,314,168,365.95, an increase from CNY 1,881,356,093.30 at the end of Q1 2021[26]

Financial Performance - The company's operating revenue for 2021 was CNY 6,594,861,850.05, representing a 2.15% increase compared to CNY 6,455,853,710.64 in 2020[22]. - Net profit attributable to shareholders for 2021 was CNY 1,038,394,361.09, up 4.35% from CNY 995,132,015.27 in 2020[22]. - The net cash flow from operating activities for 2021 was CNY 2,505,773,343.98, a decrease of 1.96% from CNY 2,555,826,406.42 in 2020[22]. - The total assets at the end of 2021 were CNY 27,776,977,884.78, reflecting a 5.84% increase from CNY 26,243,366,760.77 at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 0.19, a 5.56% increase from CNY 0.18 in 2020[23]. - The weighted average return on net assets for 2021 was 6.64%, an increase of 0.10 percentage points from 6.54% in 2020[23]. - The company's gross profit for the year was RMB 250,016.19 million, a decrease of 3.40% year-on-year, with a gross profit margin of 37.91%, down 2.18 percentage points[93]. - The company's net profit for the year was RMB 99,714.04 million, an increase of 10.84% year-on-year, with a net profit margin of 15.75%, up 0.34 percentage points[98]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.56 per 10 shares, totaling RMB 312,895,072.00, based on a total share capital of 5,587,412,000 shares as of December 31, 2021[3]. - The board proposed a final dividend of RMB 0.56 per 10 shares (tax included) for the year[34]. - The independent non-executive directors confirmed that the profit distribution plan aligns with the company's actual operating conditions and complies with relevant regulations[150]. - The company will withhold a 10% corporate income tax on dividends distributed to non-resident shareholders[149]. - The dividend payment is expected to be completed by August 25, 2022, pending approval at the annual general meeting[149]. Corporate Governance - The company has established a comprehensive governance structure, including a board of directors with six specialized committees to ensure professional and efficient decision-making[106]. - The company has not reported any significant violations of laws or regulations regarding corporate governance, aligning with the standards set by the China Securities Regulatory Commission[106]. - The board of directors consists of 10 members, including 3 executive directors and 4 independent non-executive directors, maintaining compliance with Hong Kong listing rules[158]. - The company has implemented a board diversity policy, ensuring a mix of age, educational background, industry experience, and tenure among board members[161]. - The company is committed to continuous improvement in corporate governance practices to align with established codes and regulations[155]. Risk Management - The company has implemented a series of internal control measures since July 2010 to enhance risk management and internal control systems[152]. - The board of directors has established a self-evaluation report on risk management and internal control, confirming the effectiveness of the control system during the reporting period[152]. - The company emphasizes a combination of incentives and constraints in its compensation system for senior management, linking it to performance and responsibilities[151]. - The company faced risks including reduced coal demand due to carbon neutrality goals and intensified competition from surrounding ports[92]. Operational Efficiency and Development - The company plans to enhance its main business scale and increase efforts in preliminary work for port projects, such as the Cangzhou Huanghua Port crude oil terminal[36]. - The company is focusing on improving port operation efficiency and enhancing service quality in coal and metal ore logistics[35]. - The company achieved a total throughput of 379 million tons in 2021, with coal throughput at 229 million tons and container throughput at 1.49 million TEU, reflecting a steady operational performance[34]. - The company plans to enhance its metal ore business by focusing on national policies regarding carbon neutrality and optimizing port operations to improve service competitiveness[88]. - The integration of port functions with modern technologies such as IoT and big data is expected to significantly enhance operational efficiency and service capabilities[85]. Environmental and Social Responsibility - The company strictly managed pollutant emissions according to its discharge permit, with no production wastewater discharged in 2021 and air pollutants meeting discharge standards[177]. - The company aims to build a "green port" as a key transformation goal, enhancing energy-saving management systems and promoting the use of new energy equipment[183]. - The company organized a volunteer activity for World Environment Day, with 40 volunteers participating and distributing 1,000 promotional materials to promote green living[182]. - The company established a support model involving "leading enterprises + support units + supported villages," resulting in the cultivation of over 40 acres of pumpkins and sweet potatoes, generating a total income of 140,000 RMB[185]. Management Changes - The financial director resigned on May 17, 2021, with a total compensation of 201,600 yuan during his tenure[111]. - The term of the fourth board of directors and supervisory board expired on June 20, 2021, and the election for the new board will be postponed[116]. - The company has experienced changes in its senior management team, impacting governance structure[116]. - The company is focused on ensuring the smooth transition of leadership roles[116]. Future Outlook - The company anticipates a stable macroeconomic growth in 2022, with improvements in coal supply due to government policies, while coal consumption's proportion is expected to decline gradually[87]. - The company has set a performance guidance for 2022, projecting a revenue growth of 12% to 1.34 billion yuan[112]. - Future outlook remains positive, with management expressing confidence in achieving sustainable growth amid market fluctuations[113].

Financial Performance - The company's operating revenue for 2021 was CNY 6,594,861,850.05, representing a 2.15% increase from CNY 6,455,853,710.64 in 2020[14]. - The net profit attributable to shareholders for 2021 was CNY 1,038,394,361.09, up 4.35% from CNY 995,132,015.27 in 2020[14]. - The net cash flow from operating activities for 2021 was CNY 2,505,773,343.98, a decrease of 1.96% compared to CNY 2,555,826,406.42 in 2020[14]. - The total assets at the end of 2021 were CNY 27,776,977,884.78, an increase of 5.84% from CNY 26,243,366,760.77 at the end of 2020[14]. - The basic earnings per share for 2021 was CNY 0.19, compared to CNY 0.18 in 2020, reflecting a 5.56% increase[15]. - The weighted average return on equity for 2021 was 6.64%, up from 6.54% in 2020, indicating a slight improvement[15]. - The company's cash and cash equivalents increased to CNY 4,051,770,000 from CNY 3,554,825,000 in 2020, showing a positive cash flow trend[17]. - The company reported a total profit of CNY 1,281,441,000 for 2021, compared to CNY 1,233,832,000 in 2020, marking a growth in profitability[17]. - The company's asset-liability ratio was 39.12% at the end of 2021, slightly up from 38.65% in 2020[17]. - The net profit after deducting non-recurring gains and losses for 2021 was CNY 994,371,589.23, an increase of 4.76% from CNY 949,204,357.02 in 2020[14]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.56 per 10 shares, totaling RMB 312,895,072.00 based on a total share capital of 5,587,412,000 shares as of December 31, 2021[2]. - The retained earnings available for distribution to shareholders as of December 31, 2021, amounted to RMB 316,922.56 million[85]. - The profit distribution plan is subject to approval at the 2021 annual general meeting[122]. - The independent non-executive directors support the profit distribution plan, affirming it aligns with the company's operational situation[122]. Operational Efficiency and Market Expansion - The company reported a significant increase in throughput, with a total cargo throughput of 200 million tons, representing a year-on-year growth of 10%[3]. - The company is focusing on expanding its market presence, particularly in coal and mineral transportation, to enhance operational efficiency[3]. - The company has initiated the development of new technologies aimed at improving port logistics and reducing turnaround times for vessels[3]. - The company aims to enhance its service offerings through strategic acquisitions in the logistics sector[3]. - The company is focusing on enhancing port operations and improving loading and navigation efficiency amidst a complex external environment[25]. - The company anticipates an average annual growth rate of over 2% in waterway cargo transport during the "14th Five-Year Plan" period[28]. - The company will continue to push for transformation towards a more intensive, intelligent, green, and low-carbon port operation[28]. Risk Management and Corporate Governance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[2]. - The company is committed to addressing potential risks as outlined in the management discussion section of the report[2]. - The company emphasizes the importance of maintaining accurate and complete financial reporting to uphold investor confidence[2]. - The company has implemented a series of internal control and risk management measures since July 2010 to safeguard shareholder investments[125]. - The internal control audit report for 2021 received a standard unqualified opinion[128]. - The company maintains a high level of corporate governance, with the board responsible for developing and reviewing governance policies[128]. Technological Advancements and Innovation - The company has implemented a market-oriented salary distribution mechanism and enhanced performance evaluation to boost internal motivation and efficiency[45]. - The company is actively developing a smart port initiative, focusing on automation and digital transformation of port operations[44]. - Research and development expenses surged by 369.75% to RMB 53.88 million, indicating a strong focus on innovation[47]. - The company achieved six provincial-level technology identification results in 2021, including one internationally advanced and five domestically leading[58]. - The company completed 10 patent applications in 2021, receiving authorization for one invention patent and three utility model patents[58]. Environmental and Social Responsibility - The company has established a "green port" as a key transformation goal, enhancing energy-saving management and conducting energy audits to identify weaknesses in energy management[158]. - In 2021, the company invested in energy-saving technical reform projects, promoting new technologies to achieve significant energy-saving effects[158]. - The company has implemented a poverty alleviation strategy, establishing a leadership group to coordinate resources and support rural revitalization efforts[160]. - The company confirmed that it has not received any administrative penalties for environmental issues during the reporting period[157]. - The company has committed to reducing carbon emissions and enhancing energy efficiency as part of its corporate social responsibility initiatives[158]. Shareholder Meetings and Board Activities - The company held its annual general meeting on June 25, 2021, approving 12 proposals including the financial settlement report for 2020 and the profit distribution plan[91]. - The first A-share and H-share meetings in 2021 approved amendments to the company's articles of association and rules of procedure[91]. - The company held a temporary shareholders' meeting on December 16, 2021, where four proposals were approved, including signing a comprehensive service agreement and a financial service framework agreement[91]. - The company held a total of 7 board meetings during the year, with 0 in-person meetings and 3 conducted via communication methods[105]. - The audit committee convened 6 meetings during the reporting period, discussing key financial reports and internal control evaluations[106]. Related Party Transactions - The company has a leasing framework agreement with Hebei Port Group, effective from January 1, 2019, to December 31, 2021[169]. - The company paid a maximum annual rent of RMB 121.53 million to Hebei Port Group under the leasing framework agreement, with total rent incurred in 2021 amounting to RMB 115.24 million[170]. - The company confirmed that all related transactions were conducted under normal commercial terms and were in the overall interest of the company and its shareholders[174]. - The independent non-executive directors reviewed the related transactions and confirmed compliance with the relevant regulations and agreements[174]. Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 1.32 billion, driven by new product launches and market expansion[94]. - The company plans to enhance its container transportation business and improve port information technology and service levels to achieve high-quality green development[77]. - The company aims to construct a world-class bulk cargo port and will focus on "smart, green, and safe" port development to drive high-quality growth[79].

2021 年第三季度报告 单位：元 币种：人民币 证券代码：601326 证券简称：秦港股份 秦皇岛港股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------|------------------|------------------------- ...

Financial Performance - Qinhuangdao Port Co., Ltd. reported a significant increase in throughput volume, reaching 50 million tons in the first half of 2021, representing a 15% year-over-year growth[11]. - The company achieved a revenue of RMB 1.2 billion in the first half of 2021, which is a 10% increase compared to the same period in 2020[11]. - Operating profit for the first half of 2021 was RMB 300 million, reflecting a 12% increase from the previous year[11]. - The company's operating revenue for the first half of the year reached ¥3,247,726,857.34, an increase of 8.42% compared to ¥2,995,402,079.12 in the same period last year[15]. - Net profit attributable to shareholders was ¥698,850,420.51, reflecting a growth of 21.38% from ¥575,741,812.29 year-on-year[15]. - The total comprehensive income for the first half of 2021 reached RMB 739,163,969.07, a significant increase from RMB 553,483,973.50 in the same period of 2020, representing a growth of approximately 33.5%[135]. - The net profit attributable to shareholders of the parent company was RMB 765,636,778.22, compared to RMB 613,200,860.22 in the first half of 2020, indicating a year-over-year increase of about 24.9%[135]. - Basic and diluted earnings per share increased to RMB 0.13 from RMB 0.10, reflecting a growth of 30%[135]. Operational Efficiency - The company plans to expand its market presence by increasing its operational capacity by 20% over the next two years[11]. - Qinhuangdao Port is investing in new technologies to enhance cargo handling efficiency, aiming for a 25% reduction in turnaround time for vessels[11]. - The company has completed the construction of a cloud data center security system and launched an intelligent production management platform, enhancing operational efficiency[27]. - The company is actively promoting cost reduction and efficiency improvement, optimizing management structure and exiting loss-making investments[28]. - The company is advancing automation projects, including the launch of an unmanned gate management system and remote control systems for railway crossings[27]. Financial Position - The total assets at the end of the reporting period amounted to ¥27,314,263,375.28, which is a 4.08% increase from ¥26,243,366,760.77 at the end of the previous year[15]. - The net assets attributable to shareholders increased by 2.84% to ¥15,648,217,685.78 from ¥15,216,180,502.61 year-on-year[15]. - The company's long-term equity investments reached RMB 3,248,012,141.96, accounting for 11.89% of total assets, with a year-on-year growth of 6.40%[46]. - The company's total liabilities increased to CNY 10,808,627,243.70 as of June 30, 2021, compared to CNY 10,143,939,748.56 at the end of 2020, marking a rise of 6.5%[131]. - The company's total equity as of June 30, 2021, was RMB 15,732,765,159.14, an increase from RMB 15,357,874,720.55 at the end of 2020, reflecting a growth of 2.4%[146]. Market and Industry Position - The company operates a highly integrated port service, including loading, storage, warehousing, transportation, and logistics services, primarily handling coal, metal ores, oil products, liquid chemicals, containers, and general cargo[21]. - The company is a leading global operator of bulk dry cargo public terminals, with Qinhuangdao Port being a key hub for coal transportation, maintaining a top position in national coal throughput[22]. - The economic hinterland of the company includes major provinces such as Shandong and Henan, which are significant energy and raw material production bases, ensuring a stable supply of cargo[24]. - The company primarily serves large clients in the coal, power, and steel industries, including major groups like China Coal Group and State Energy Investment Group[26]. Compliance and Governance - The company has no reported non-operational fund occupation by controlling shareholders, ensuring financial integrity[5]. - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[5]. - The board of directors confirmed that all members are able to guarantee the accuracy and completeness of the interim report[5]. - The interim report has not been audited, but management has assured the accuracy and completeness of the financial statements[5]. - The company has maintained compliance with environmental regulations, with no administrative penalties reported during the reporting period[95]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit in Qinhuangdao City and has complied with pollution discharge permit requirements, with no production wastewater discharged in the first half of 2021[68]. - The company updated its emergency response plan for sudden environmental incidents and conducted a comprehensive emergency drill on July 23, 2021[70]. - The company organized the purchase of agricultural products totaling RMB 1.2951 million to support poverty alleviation and rural revitalization efforts, benefiting local farmers[75]. - The company has formed a leadership group for energy-saving and emission reduction, continuously improving its energy management system since 2008[74]. - The company has committed to a two-year lock-up period for major shareholders post-IPO, with specific conditions for share reduction[77]. Future Outlook - The company anticipates a stable improvement in the domestic macroeconomic environment in the second half of 2021, with strong demand for bulk commodities expected to continue[50]. - The company plans to enhance market development efforts and improve operational efficiency to steadily increase performance levels[50]. - The company expects to continue developing new market opportunities and enhancing service capabilities in response to competitive pressures in the port industry[51].

Financial Performance - Qinhuangdao Port Co., Ltd. reported a significant increase in throughput, reaching 50 million tons in the first half of 2021, representing a 15% year-over-year growth[7]. - The company achieved a revenue of RMB 1.2 billion in the first half of 2021, up 20% compared to the same period in 2020[7]. - Net profit attributable to shareholders for the first half of 2021 was RMB 300 million, reflecting a 25% increase year-over-year[7]. - Future guidance suggests a revenue target of RMB 2.5 billion for the full year 2021, representing a 15% growth from 2020[7]. - The company's operating revenue for the first half of 2021 was ¥3,247,726,857.34, representing an increase of 8.42% compared to the same period last year[12]. - The net profit attributable to shareholders was ¥698,850,420.51, reflecting a growth of 21.38% year-over-year[12]. - The basic earnings per share increased by 30% to ¥0.13, while diluted earnings per share also rose by 30% to ¥0.13[13]. - The company's gross profit for the period was RMB 1,281.57 million, representing a year-on-year increase of 5.67%, with a gross profit margin of 39.46%, down by 1.03 percentage points year-on-year[46]. - The net profit for the period was RMB 670.69 million, an increase of 30.68% year-on-year, with the net profit attributable to the parent company reaching RMB 698.85 million, up 21.38% year-on-year[48]. Operational Capacity and Investments - The company plans to expand its operational capacity by 10% in the next fiscal year to accommodate increasing demand[7]. - Qinhuangdao Port is investing RMB 200 million in new technology to enhance cargo handling efficiency by 30% over the next two years[7]. - The company is expanding its operations in Tangshan and Cangzhou, with the Cangzhou Huanghua Port bulk cargo terminal's first phase successfully completing heavy-load testing in June 2021[19]. - The company is enhancing its service capabilities by opening multiple inland ports and container stations, improving service to the "Three North" regions and central Hebei[19]. - The company is investing in technology innovation, including the development of a smart port management platform and an online business processing system for coal and mineral transactions[19]. Market and Customer Base - User data indicates a 12% increase in customer base, with a focus on expanding services to the logistics sector[7]. - The company aims to enhance its competitive edge by expanding its logistics services and developing port industrial parks[16]. - The company plans to expand its "bulk to container" business and enhance intermodal transport capabilities along the sea-rail corridor[44]. Risks and Challenges - The management highlighted potential risks including regulatory changes and market competition, which could impact future performance[7]. - The company is facing risks related to macroeconomic conditions and competition among ports, particularly in the coal market due to the completion of supporting facilities along the Haoji Railway[45]. Sustainability and Environmental Initiatives - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 15% by 2025[7]. - The company strictly managed pollutant emissions and reported no production wastewater discharge, with air pollutants meeting the discharge permit requirements in the first half of 2021[58]. - The company actively maintained pollution prevention facilities, ensuring all facilities operated well in the first half of 2021[59]. - The company is committed to building green and safe ports, investing in shore power facilities and improving port greening levels[19]. Financial Management and Governance - The company has established an audit committee in accordance with Hong Kong listing rules, which reviewed the interim financial report for the six months ending June 30, 2021[56]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[57]. - The company has made a long-term commitment to ensure that its actions do not harm the interests of shareholders[70]. - The company has outlined measures to ensure compliance with regulatory requirements regarding information disclosure and investor protection[70]. - The company has emphasized the importance of transparency and accountability in its financial reporting practices[70]. Shareholder Commitments - The actual controller, shareholders, and related parties of the company have committed to not engaging in competitive activities with Qin Port Co., Ltd. and its subsidiaries[67]. - Hebei Port Group has committed to not directly or indirectly engaging in any business that competes with Qin Port Co., Ltd. and its subsidiaries[69]. - The commitment to avoid competition will remain in effect until Hebei Port Group's shareholding in Qin Port Co., Ltd. falls below 30%[69]. - If any competitive business opportunity arises, Hebei Port Group will notify Qin Port Co., Ltd. and offer it the first right of refusal[69]. Financial Position and Assets - The company's total assets reached ¥27,314,263,375.28, marking a 4.08% increase from the end of the previous year[12]. - The company's inventory as of June 30, 2021, was RMB 183,764.88 million, reflecting a 12.85% increase from the previous period[34]. - The company's total liabilities as of June 30, 2021, were RMB 27,307,000.00 million, with a notable increase in other payables by 69.97% to RMB 1,146,413.58 million[34]. - The company's long-term equity investments amounted to RMB 3,248,012.14 million, an increase of 6.40% compared to the beginning of the year[37]. Cash Flow and Financing Activities - The net cash flow from operating activities was ¥1,266,996,125.41, showing a slight decrease of 0.37% compared to the same period last year[12]. - The company reported a significant increase in financing activities, with net cash flow of RMB 58.76 million, a 109.27% increase compared to the previous year[32]. - Cash inflow from financing activities was CNY 548,000,000.00, a notable increase from CNY 213,014,322.00 in the same period last year[115]. Research and Development - Research and development expenses increased by 32.79% to RMB 4.09 million, driven by increased investment in R&D[32]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[108].