证券代码：601880 证券简称：辽港股份 公告编号：临 2023-012 一、 说明会类型 会议召开时间：2023 年 05 月 11 日(星期四) 上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址： 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 辽宁港口股份有限公司 关于召开 2022 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： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 04 日(星期四) 至 05 月 10 日(星期 三)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 ir@dlport.cn 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。 辽宁港口股份有限公司（以下简称"公司"）已 ...

Shipping and Logistics Expansion - In March, the company launched its first direct shipping route to Australia from Dalian Port, filling a service gap and establishing a new logistics channel among RCEP member countries[11]. - In July, the company added two new Southeast Asia routes, enhancing its network and addressing the shortage of direct shipping capacity to key trade areas like Vietnam[14]. - In November, the company introduced new shipping services to Japan, significantly improving its service capacity to the region[16]. - The company added 7 new foreign trade container routes, including a direct route to Australia, enhancing its logistics network[23]. - The company’s strategic focus includes expanding its international shipping routes and enhancing its logistics capabilities to support regional trade growth[11]. Financial Performance - In 2022, the company's net profit attributable to shareholders was RMB 1,279,734,789.11, a decrease of 33.21% compared to the previous year[20]. - The company's operating revenue for 2022 was RMB 11,980,738,000, down 2.97% from RMB 12,347,555,000 in 2021[27]. - The gross profit for 2022 was RMB 3,096,869,000, reflecting a decline of 19.13% from RMB 3,829,224,000 in 2021[27]. - The company's cash and cash equivalents increased by RMB 611,988,000, a significant improvement compared to a decrease of RMB 2,731,584,000 in the previous year[27]. - The debt ratio rose to 18.09% in 2022, up from 11.43% in 2021, indicating increased leverage[27]. - The net cash flow from operating activities for 2022 was RMB 3,412,305,000, down 10.74% from RMB 3,822,921,000 in 2021[27]. - Operating revenue for 2022 was RMB 11,980,738,429.67, down 3.0% from RMB 12,347,554,608.01 in 2021[33]. - Gross profit decreased by RMB 732,355,601.34, a decline of 19.1%, with a gross margin of 25.8%, down 5.2 percentage points[36]. Asset and Capital Management - The total assets of the company as of the end of 2022 were RMB 57,609,391,000, a slight decrease of 0.35% from RMB 57,813,250,000 in 2021[27]. - The company's total assets as of December 31, 2022, were RMB 57,609,391,070.26, with net assets of RMB 41,741,991,092.64[38]. - The debt-to-asset ratio improved to 27.5%, down 1.5 percentage points from 29.0% in 2021[38]. - The company raised approximately 2.1 billion yuan through a fundraising project related to the merger with Yingkou Port, increasing its total share capital to 23.987 billion yuan[4]. Operational Highlights - The company achieved a record of over 4,700 vehicles loaded on the GRIMALDI LINES vessel at its automobile terminal, marking the highest single-vessel export operation since the terminal's opening[16]. - The company completed significant milestones in its smart port project, transitioning from a traditional container terminal to a smart port with advanced capabilities[17]. - The company reported a total throughput of 5,292.8 million tons in 2022, a decrease of 4.8% compared to 2021[51]. - Container throughput reached 9.398 million TEUs in 2022, an increase of 6.6% compared to 8.814 million TEUs in 2021[55]. - The total throughput for the automotive terminal was 806,069 vehicles, a decrease of 5.8% year-on-year, influenced by production cuts from some car manufacturers and insufficient domestic roll-on/roll-off capacity[60]. Legal and Compliance Issues - The company is involved in ongoing litigation with various parties, with total claims amounting to RMB 1.06 billion from multiple import agents[41]. - The Dalian Maritime Court ruled that the company must pay RMB 109.69 million to a trading company, with interest calculated from March 23, 2021[42]. - The company was ordered to pay RMB 299.38 million to another trading company, with the case currently under retrial by the Dalian Maritime Court[43]. - A judgment required the company to compensate RMB 336.08 million for cargo loss to a logistics partner, with the case also under retrial[45]. - The company faces a claim of RMB 120.25 million from a Chongqing-based company, with a court ruling already issued[45]. Safety and Environmental Initiatives - In 2022, Liaoning Port established a safety production committee to enhance safety management and ensure a positive safety production environment[128]. - The company identified 60 major safety risks and developed 305 control measures and 304 emergency measures in response[130]. - A total of 1,880 safety inspections were conducted across various levels, identifying 2,486 hazards with a rectification rate of 99.64%[130]. - The company achieved significant improvements in safety management through the application of innovative safety technologies[131]. - The company invested 30.86 million yuan in deep cleaning of bulk cargo yard roads and 2.64 million yuan for the first batch of 50 retrofitted non-road mobile machinery vehicles as part of its environmental protection efforts[138]. Strategic Development and Future Outlook - The company plans to leverage national policies and optimize resource allocation to navigate the challenging economic landscape in 2023[24]. - The company anticipates overall economic recovery in 2023, driven by strong fundamentals and supportive policies, particularly in the Northeast region, which will benefit port operations[104]. - The company aims to enhance its core competitiveness in the port sector by focusing on market-oriented strategies and customer-centric services, with a goal of building a "world-class" strong port[105]. - The company is in a critical phase of integrated development, emphasizing strategic integration and service enhancement[98]. - The company will focus on enhancing its logistics network and service functions to improve overall port logistics system construction in 2023[113].

Financial Performance - The company's operating revenue for 2022 was approximately ¥11.98 billion, a decrease of 3.0% compared to ¥12.35 billion in 2021[22]. - Net profit attributable to shareholders was approximately ¥1.28 billion, down 33.2% from ¥1.92 billion in 2021[22]. - Basic earnings per share decreased by 36.4% to ¥0.053351 from ¥0.083852 in 2021[23]. - The weighted average return on equity fell to 3.32%, a decrease of 1.70 percentage points from 5.02% in 2021[23]. - Cash flow from operating activities was approximately ¥3.41 billion, down 10.7% from ¥3.82 billion in 2021[22]. - The company's total assets at the end of 2022 were approximately ¥57.61 billion, a slight decrease of 0.4% from ¥57.81 billion at the end of 2021[22]. - The net assets attributable to shareholders increased by 1.8% to approximately ¥38.65 billion from ¥37.95 billion in 2021[22]. - Non-recurring gains and losses amounted to approximately ¥49.81 million in 2022, significantly lower than ¥447.72 million in 2021[28]. - The company's gross profit for 2022 was RMB 3,096,868,550.62, reflecting a decline of 19.1% from RMB 3,829,224,151.96 in 2021[39]. - The company's gross profit margin decreased to 25.8%, down 5.2 percentage points year-on-year, with gross profit declining by 19.1% to RMB 3,096,644,398.66[41]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.174 per 10 shares, totaling RMB 417,374,945.20 to all shareholders based on a total of 23,987,065,816 shares[5]. - The cash dividend payout ratio for the years 2020 to 2022 was 96.49%, 40.81%, and 40.23% respectively, meeting the company's distribution policy[157]. - The total cash dividend amount (including tax) for the reporting period is CNY 417,374,945.20, which accounts for 32.61% of the net profit attributable to ordinary shareholders in the consolidated financial statements[161]. Corporate Governance and Compliance - The company has received a standard unqualified audit opinion from Ernst & Young Hua Ming[4]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[4]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible persons[4]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[138]. - The company has a complete decision-making process and mechanism for its cash dividend policy, ensuring transparency and compliance with shareholder interests[160]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[160]. Risk Management and Future Outlook - The report includes a detailed description of potential risks faced by the company in the "Management Discussion and Analysis" section[8]. - The company plans to leverage national policies and optimize resource allocation to navigate the challenging economic landscape in 2023[36]. - The company anticipates a recovery in economic operations in 2023, driven by strong domestic economic fundamentals and ongoing reforms in Northeast China[107]. - The company aims to enhance its core competitiveness by focusing on market orientation and customer-centric services[36]. Operational Developments - The company launched its first direct shipping route to Australia in March 2022, enhancing logistics connectivity within RCEP member countries[29]. - In July 2022, the company added two new Southeast Asia routes, improving direct shipping services to Indonesia and Vietnam[29]. - The company achieved a record of loading over 4,700 export vehicles in November 2022, marking the highest single-vessel operation since the establishment of its automobile terminal[29]. - The company is focusing on expanding its port business in Northeast China, supported by favorable government policies aimed at regional economic revitalization[107]. Environmental and Social Responsibility - The company has invested CNY 49.312 million in environmental protection during the reporting period[167]. - The total wastewater discharge for the Dalian Port Oil Products Terminal in 2022 was 122,041.382 tons, with all pollutants meeting national and local discharge standards[169]. - The company has complied with environmental regulations and has not faced any major environmental violations or penalties during the reporting period[168]. - The company is committed to sustainable development and has published its ESG report, available on the Shanghai Stock Exchange website[188]. Personnel and Management Changes - The company reported a total of 11,051 employees, with 3,530 in the parent company and 7,521 in major subsidiaries[152]. - The company has appointed new personnel, including Guo Lihui as safety director and deputy general manager, and Chen Liqing as deputy general manager[137]. - The management team includes experienced executives with backgrounds in logistics and port management, enhancing operational efficiency[124]. Strategic Initiatives - The company is actively pursuing new technology development to enhance operational capabilities[137]. - Future growth strategies include market expansion and potential mergers and acquisitions to strengthen market position[124]. - The company aims to enhance customer engagement through a new digital platform, targeting a 30% increase in user interaction[127].

Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 11,980,738,429.67, compared to RMB 12,347,554,608.01 for the year ended December 31, 2021, reflecting a decrease of approximately 3%[9]. - The net profit attributable to shareholders for the year ended December 31, 2022, was RMB 1,279,734,789.11, down from RMB 1,916,076,220.45 in the previous year, representing a decline of about 33%[8]. - Basic earnings per share for the year ended December 31, 2022, was RMB 0.05, compared to RMB 0.08 for the year ended December 31, 2021[8]. - The total comprehensive income for the year ended December 31, 2022, was RMB 1,446,911,614.28, a decrease from RMB 2,052,590,925.50 in 2021, representing a decline of approximately 29.5%[10]. - The comprehensive income attributable to the parent company's shareholders for the year ended December 31, 2022, was RMB 1,294,424,663.63, down from RMB 1,890,613,040.63 in 2021, indicating a decrease of about 31.5%[10]. - The company reported a decrease in operating profit to RMB 1,862,987,894.01 for the year ended December 31, 2022, down from RMB 2,865,174,583.11 in 2021, a decline of about 35%[9]. - The total profit for the year was approximately $1.89 billion, down from $2.65 billion in the previous year, reflecting a decrease in overall profitability[52]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 57,609,391,070.26, slightly down from RMB 57,813,249,659.50 as of December 31, 2021[7]. - Total liabilities as of December 31, 2022, were RMB 15,867,399,977.62, compared to RMB 16,759,508,039.15 in the previous year, indicating a decrease of approximately 5%[7]. - The total non-current liabilities as of December 31, 2022, were RMB 9,389,601,691.42, compared to RMB 9,069,849,472.65 in the previous year, showing an increase of approximately 4%[7]. - The company's total assets as of December 31, 2022, were RMB 57,609,391,070.26, with net assets of RMB 41,741,991,092.64, resulting in a net asset per share of RMB 1.61[62]. - The debt-to-asset ratio improved to 27.5%, down 1.5 percentage points from 29.0% in 2021, primarily due to the use of self-owned funds for asset acquisitions[62]. Cash Flow and Financial Position - The company’s cash and cash equivalents increased to RMB 5,085,194,083.26 as of December 31, 2022, from RMB 4,682,837,844.76 a year earlier, marking an increase of about 9%[4]. - The net cash inflow from operating activities was RMB 3,412,304,812.32, while investment activities had a net cash outflow of RMB 3,097,176,007.73[63]. - The company maintained a net debt-to-equity ratio of 18.6%, up from 11.5% in 2021, ensuring no repayment risk and a stable overall financial structure[63]. - The company has unused bank credit facilities amounting to RMB 12.55 billion as of December 31, 2022[63]. Revenue Streams and Business Segments - The company operates in various sectors including international and domestic cargo handling, transportation, and logistics services, contributing to its diversified revenue streams[13]. - Total revenue for the logistics and port operations reached approximately $11.98 billion, with a significant contribution from port operations revenue of about $8.88 billion[44]. - The company reported a logistics service revenue of approximately $827.99 million, indicating a strong performance in this segment[44]. - The company operates seven business segments, including oil and liquid chemical logistics, container terminal logistics, and automotive terminal logistics, each contributing to its diversified revenue streams[54]. Taxation and Financial Compliance - The effective corporate income tax rate for the group is 25%, applicable to most subsidiaries, with some enjoying tax incentives[16]. - The group holds port land that is exempt from land use tax, benefiting from tax incentives under relevant regulations[17]. - The group’s subsidiary, Dalian Jifa Nanhai International Logistics Co., Ltd., is subject to a 15% corporate income tax rate due to its high-tech enterprise certification[19]. - The company’s financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy in reporting[15]. Legal and Regulatory Matters - The company has faced multiple lawsuits, with significant amounts involved, including RMB 120.25 million claimed by a trading company for damages[67]. - The company was ordered to pay RMB 299.38 million to another trading company, with interest calculated from March 27, 2021, until payment is completed[66]. - The company is currently involved in ongoing litigation with various parties, with no final judgments made in some cases as of the date of the financial report approval[66][67]. - The company has been proactive in addressing legal challenges, including seeking property preservation measures in response to claims[65]. Future Outlook and Strategic Plans - The company plans to focus on market expansion and new product development in the upcoming fiscal year to drive growth[3]. - The company aims to enhance its core competitiveness by focusing on quality improvement and efficiency, innovation, and collaboration, while expanding service areas and functionalities[94]. - In 2023, the company plans to implement strategies to enhance market share, improve service quality, and build a comprehensive service system, targeting a "world-class" strong port construction[98]. - The company intends to strengthen its network construction and enhance its position in the container shipping market by developing direct shipping routes in emerging regional markets[100].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 2,862.4 million, a decrease of 4.12% compared to CNY 2,985.4 million in the same period last year[4]. - Net profit attributable to shareholders was CNY 382.28 million, down 31.86% from CNY 560.99 million in Q3 2021[5]. - The net cash flow from operating activities was CNY 867.96 million, a decline of 33.04% compared to CNY 1,296.14 million in the previous year[5]. - Basic earnings per share decreased by 35.73% to CNY 0.01593 from CNY 0.02479 in the same quarter last year[5]. - The company reported a decrease in the weighted average return on equity to 1.00%, down 0.50 percentage points from 1.50% in the previous year[5]. - The net profit attributable to shareholders decreased by 30.62% due to a decline in efficient cargo business volume and rising fuel prices[10]. - Basic and diluted earnings per share both fell by 34.56%, primarily impacted by the decrease in net profit[10]. - Total operating revenue for the first three quarters of 2022 was CNY 8,651,046,671.66, a decrease of 4.7% compared to CNY 9,076,160,219.14 in the same period of 2021[21]. - Net profit for the third quarter of 2022 was CNY 1,238,109,110.59, down 29.1% from CNY 1,746,537,331.91 in the same quarter of 2021[23]. - Operating profit for the third quarter of 2022 was CNY 1,590,690,803.55, a decrease of 29.3% compared to CNY 2,252,433,697.28 in the previous year[23]. - Total comprehensive income for the third quarter of 2022 was CNY 1,245,775,500.42, a decrease of 28.7% from CNY 1,747,067,726.88 in the previous year[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 57.82 billion, showing a slight increase of 0.01% from CNY 57.81 billion at the end of the previous year[5]. - Total current assets increased to approximately 9.35 billion RMB, up from 8.68 billion RMB year-on-year[18]. - Non-current assets decreased to approximately 48.47 billion RMB from 49.13 billion RMB year-on-year[19]. - Total liabilities decreased to approximately 16.15 billion RMB from 16.76 billion RMB year-on-year[20]. - Shareholders' equity increased to approximately 41.67 billion RMB from 41.05 billion RMB year-on-year[20]. Cash Flow - The net cash flow from investing activities decreased by 566.17 million, primarily due to payments for the acquisition of assets from Yingkou Port Group[11]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 2,220,221,026.07, a decrease of 3.0% from CNY 2,289,103,421.07 in the previous year[26]. - The net cash flow from financing activities was $696.13 million, contrasting with a net outflow of -$4.21 billion in the previous period[27]. - The net increase in cash and cash equivalents was $194.95 million, compared to a decrease of -$1.33 billion last year[27]. - The ending balance of cash and cash equivalents stood at $4.63 billion, compared to $5.83 billion in the previous period[27]. - The company reported a significant increase in cash flow from financing activities, indicating a stronger capital position[27]. Operational Highlights - The company completed the acquisition of coal, barge, and hydropower business assets from Yingkou Port Group, valued at CNY 2.34 billion, enhancing its operational capacity[6]. - Container throughput decreased by 4.9% year-on-year to 628.7 million TEU in the first three quarters of 2022[14]. - Oil products throughput fell by 15.4% year-on-year to 3,524.3 million tons due to high international oil prices and reduced refinery operating rates[15]. - Bulk cargo throughput increased by 5.1% year-on-year to 13,562.9 million tons, driven by new port assets contributing 13.56 million tons in the first nine months[15]. - The number of passenger vehicles transported rose by 10.8% year-on-year to 58.4 thousand units, while roll-on/roll-off passenger traffic increased by 24.3% to 112.9 million passengers[14]. Future Outlook - The company has not provided specific guidance for future performance but continues to focus on operational efficiency and market expansion strategies[4]. - The company plans to enhance its market expansion strategies and invest in new technologies to improve operational efficiency[15].

Financial Performance - The company's revenue for the third quarter was approximately RMB 2,862,480,519, representing a decrease of 4.12% compared to the same period last year[4]. - The net profit attributable to shareholders for the quarter was approximately RMB 382,284,792, reflecting a decline of 31.86% year-over-year[4]. - The cash flow from operating activities for the quarter was RMB 867,955,284, down 33.04% compared to the previous year[4]. - Net profit attributable to shareholders decreased by 30.62% due to a decline in efficient cargo business volume and rising fuel prices[9]. - Basic and diluted earnings per share both fell by 34.56% as a result of the decrease in net profit[9]. - Total operating revenue for the first three quarters of 2022 was CNY 8,651,046,671.66, a decrease of 4.7% compared to CNY 9,076,160,219.14 in the same period of 2021[23]. - Net profit for the first three quarters of 2022 was CNY 1,238,109,110.59, down 29.1% from CNY 1,746,537,331.91 in 2021[24]. - Operating profit decreased to CNY 1,590,690,803.55 in 2022, compared to CNY 2,252,433,697.28 in 2021, representing a decline of 29.4%[24]. - The total comprehensive income for the first three quarters of 2022 was approximately ¥1.25 billion, a decrease of about 28.7% compared to ¥1.75 billion in the same period of 2021[25]. - Basic earnings per share for the first three quarters of 2022 were ¥0.05, down from ¥0.07 in the same period of 2021, reflecting a decrease of about 28.6%[25]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 57,816,824,224, while the equity attributable to shareholders was RMB 38,475,159,363[4]. - The company's total liabilities as of September 30, 2022, were CNY 16,149,645,724.22, a decrease from CNY 16,759,508,039.15 at the end of 2021[20]. - Current liabilities totaled CNY 6,656,474,831.46, down from CNY 7,689,658,566.50 in the previous year, indicating a reduction of 13.4%[19]. - Non-current liabilities increased to CNY 9,493,170,892.76 from CNY 9,069,849,472.65, marking a rise of 4.7%[20]. - The company's total equity as of September 30, 2022, was CNY 41,667,178,500.73, up from CNY 41,053,741,620.35 in 2021, reflecting an increase of 1.5%[21]. Cash Flow - The net cash flow from operating activities for the first three quarters of 2022 was approximately ¥2.22 billion, a decrease of about 3.0% from ¥2.29 billion in the same period of 2021[29]. - Cash received from sales of goods and services was approximately ¥7.91 billion, down from ¥8.12 billion in the first three quarters of 2021, representing a decrease of about 2.6%[28]. - The net cash flow from investing activities for the first three quarters of 2022 was approximately -¥2.73 billion, compared to a positive cash flow of ¥585 million in the same period of 2021[29]. - Cash received from financing activities was approximately ¥4.42 billion, significantly higher than ¥556 million in the first three quarters of 2021, indicating a substantial increase in financing[30]. - The net cash flow from financing activities for the first three quarters of 2022 was approximately ¥696 million, a recovery from a negative cash flow of approximately -¥4.21 billion in the same period of 2021[30]. - The company reported a net increase in cash and cash equivalents of approximately ¥194 million for the first three quarters of 2022, compared to a decrease of approximately -¥1.33 billion in the same period of 2021[30]. Operational Highlights - The company has committed to enhancing its operational efficiency and expanding its market presence through strategic acquisitions and partnerships[6]. - The company aims to improve its financial performance in the upcoming quarters by focusing on core business areas and optimizing resource allocation[6]. - The company plans to continue focusing on expanding its efficient cargo business despite current challenges[9]. - The company plans to focus on expanding its logistics capabilities and improving operational efficiency in response to market challenges[15]. - The company has seen a significant impact on its vehicle business due to domestic pandemic-related disruptions[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 265,535[11]. - The largest shareholder, Yingkou Port Group Co., Ltd., holds 6,916,185,012 shares, accounting for 28.83% of the total[11]. Other Financial Metrics - The company reported non-operating income of RMB 7,803,936 for government subsidies related to normal business operations during the quarter[7]. - The acquisition of assets from Yingkou Port Group was completed, with a total consideration of RMB 234,177,680[6]. - The financial report was not audited, indicating preliminary figures subject to final adjustments[3]. - Accounts receivable financing increased by 147.52% primarily due to the reclassification of notes receivable[9]. - Contract liabilities decreased by 55.39% mainly due to a reduction in pre-collected port miscellaneous fees[10]. - Other payables decreased by 73.86% primarily due to the payment of the remaining acquisition amount for Yingkou Port Group assets[10]. - Investment income for the reporting period dropped by 33.87% due to lower profits from some investee companies and last year's structural deposit income[10]. - Non-operating income increased by 401.88% mainly due to subsidiaries reversing estimated liabilities based on case progress[10]. - Research and development expenses for the first three quarters of 2022 were CNY 4,055,600.40, a decrease from CNY 4,634,625.67 in 2021[23].

Financial Performance - In the first half of 2022, the net profit attributable to the parent company's shareholders was RMB 741,962,637.45, a decrease of 30% compared to RMB 1,059,390,351.45 in the same period of 2021[7]. - The company's operating revenue decreased by 5% to RMB 5,788,566,152.86 from RMB 6,090,705,960.02 in the first half of 2021[8]. - The gross profit margin fell to 26.7%, down 6.7 percentage points from 33.4% in the previous year, with gross profit decreasing by 24%[9]. - Operating profit for the first half of 2022 was RMB 1,036,150,031.31, down 30.9% from RMB 1,499,669,920.01 year-on-year[88]. - Net profit attributable to shareholders for the first half of 2022 was RMB 811,725,425.70, a decrease of 29.4% compared to RMB 1,151,000,000.00 in the same period last year[88]. Revenue and Segment Performance - The total throughput of oil products in the first half of 2022 was 25.143 million tons, a decrease of 16.3% compared to the same period in 2021[24]. - The container throughput volume dropped by 9.5% year-on-year to 392.7 million TEU, impacted by local pandemic effects and rising domestic shipping costs[29]. - The automobile terminal's throughput volume decreased by 16.1% year-on-year to 368,348 vehicles, primarily due to ongoing shortages of automotive chips and parts[34]. - The grain segment's throughput increased by 43.9% year-on-year to 697.7 million tons, driven by a significant rise in corn throughput by 99.7%[43]. - The company reported a decrease in research and development expenses to RMB 1,752,528.33 from RMB 3,142,083.67, a reduction of 44.1%[88]. Costs and Expenses - Operating costs increased by 4.6% to RMB 4,243,209,288.28, primarily due to rising fuel prices and increased pandemic prevention costs[9]. - Research and development expenses decreased by 44.2% to RMB 1,752,528.33, reflecting cost-cutting measures[8]. - Financial expenses decreased by RMB 66,840,918.26, a decline of 22.7%, mainly due to the repayment of high-interest bonds last year and the replacement of maturing bonds with low-interest bonds this year[11]. Assets and Liabilities - As of June 30, 2022, total assets amounted to RMB 58,903,495,182.19, with net assets of RMB 41,250,004,268.67, and net asset per share increased slightly to RMB 1.59 from RMB 1.58 as of December 31, 2021[12]. - The group's total liabilities were RMB 17,653,490,913.52, with a debt-to-asset ratio of 30.0%, up 1 percentage point from 29.0% as of December 31, 2021, mainly due to an increase in lease liabilities[12]. - Cash and cash equivalents amounted to RMB 5,426,719,039.07, an increase of RMB 993,233,615.77 compared to December 31, 2021[13]. Legal and Compliance Issues - The total amount of unresolved claims against the group related to the subsidiary Dalian Container Terminal Logistics Co., Ltd. amounts to RMB 1.06 billion[15]. - The company was ordered to pay RMB 102.634 million in a lawsuit against the dock logistics company, with interest calculated from September 1, 2021[17]. - The company faced a judgment to pay RMB 299.3826 million to Qingdao Kaitou Company, with the case sent back for retrial by the Liaoning High Court[17]. Shareholder Information - As of June 30, 2022, the total share capital of the company is 23,987,065,816 shares, with A shares accounting for 78.49% (18,828,349,817 shares) and H shares for 21.51% (5,158,715,999 shares)[64]. - The largest shareholder, Yingkou Port Group Co., Ltd., holds 6,916,185,012 A shares, representing 36.73% of A shares and 28.83% of total share capital[66]. Strategic Initiatives - The company plans to enhance its logistics services, including container logistics and grain business, to mitigate revenue declines from other segments[9]. - The company plans to appeal certain first-instance judgments, asserting that the facts established by the courts lack sufficient evidence[20]. - The company plans to enhance market development in the oil products sector, focusing on the Hebei and northern Shandong regions[54]. Financial Management and Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the financial position as of June 30, 2022[129]. - The company follows the accrual basis of accounting, with historical cost as the primary measurement basis for assets and liabilities[132]. - The company recognizes goodwill as an asset when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[137].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 5,788,566,152.86, a decrease of 5.0% compared to CNY 6,090,705,960.02 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 741,962,637.45, down 30.0% from CNY 1,059,390,351.45 in the previous year[21]. - Basic earnings per share for the first half of 2022 were CNY 0.030932, down 33.9% from CNY 0.046827 in the same period last year[23]. - The weighted average return on net assets decreased by 0.87 percentage points to 1.94% compared to 2.81% in the previous year[23]. - The company reported a decrease of 1.2% in net profit after deducting non-recurring gains and losses, amounting to CNY 698,298,382.91 compared to CNY 706,463,610.50 in the same period last year[21]. - Gross profit decreased by 24.0% to RMB 1,545,356,864.58, with a gross margin of 26.7%, down 6.7 percentage points[32]. - Investment income fell by 36.6% to RMB 101,502,060.52, impacted by previous structural deposit gains[34]. - The company reported a net profit distribution to shareholders of -678,702,883.59 CNY[188]. Cash Flow and Assets - The net cash flow from operating activities increased by 36.2% to CNY 1,352,265,742.31, compared to CNY 992,959,743.52 in the same period last year[21]. - Cash and cash equivalents increased by RMB 993,233,615.77 to RMB 5,426,719,039.07 as of June 30, 2022[36]. - The total assets of the company at the end of the reporting period were CNY 58,903,495,182.19, reflecting a 1.9% increase from CNY 57,813,249,659.50 at the end of the previous year[21]. - The total balance of bonds issued by the company was approximately ¥1.50 billion with an interest rate of 2.68%[166]. - The total cash and cash equivalents at the end of the period were approximately CNY 5.43 billion, compared to CNY 5.79 billion at the end of the previous year, showing a decrease of 6.06%[183]. Operational Highlights - The total cargo throughput of major ports in China for the first half of 2022 was 7.58 billion tons, a year-on-year decrease of 0.8%, while coastal ports achieved 4.97 billion tons, a slight increase of 0.1%[28]. - The company is focusing on product innovation and service expansion to enhance its logistics service system[28]. - The company maintains a strong competitive position in the port industry, leveraging its strategic location and comprehensive service offerings[29]. - The company is adapting to market conditions, with a focus on integrating logistics with finance and trade to improve service levels[28]. - The company anticipates a gradual recovery in port operations as the domestic pandemic situation improves and logistics demand increases due to new infrastructure and manufacturing upgrades[67]. Environmental Compliance - Environmental compliance is maintained, with all pollutants meeting national and local discharge standards during the reporting period[95]. - The total wastewater discharge for the Dalian Port Oil Terminal was 167 tons, with no exceedance of discharge limits[96]. - The company emphasizes a commitment to sustainable development and has not faced any significant environmental violations or penalties[95]. - The company has implemented pollution control facilities that comply with national and local emission standards[116]. - The company has a 100% compliance rate for environmental impact assessments for all construction projects[118]. Legal and Regulatory Matters - The company has been involved in nine storage-related lawsuits from March 22, 2021, to August 12, 2022, related to its subsidiary Dalian Container Terminal Logistics Co.[139]. - The company is engaged in a contract dispute with Chongqing Yufeng Import and Export Co., with a claim amount of approximately 120.30 million RMB, currently in the first instance[143]. - The company maintains a good integrity status, with no significant debts due or unfulfilled court obligations reported during the reporting period[146]. Shareholder and Capital Structure - The total number of ordinary shareholders as of the end of the reporting period is 272,003[160]. - The largest shareholder, Yingkou Port Group Co., Ltd., holds 6,916,185,012 shares, accounting for 28.83% of total shares[160]. - The company has not experienced any changes in share capital structure during the reporting period[156]. - The controlling shareholder of the company changed to China Merchants Group Co., Ltd. as of September 30, 2019, following the transfer of shares from the Liaoning Provincial State-owned Assets Supervision and Administration Commission[195]. Strategic Initiatives - The merger will resolve the competition issue between Dalian Port and Yingkou Port, with all assets and operations of Yingkou Port being transferred to Liao Port Co., Ltd. or its wholly-owned subsidiaries[126]. - The company plans to deepen cooperation with strategic customers in the bulk grain sector to improve unloading efficiency and enhance the port's overall competitiveness[72]. - The company will ensure fair treatment of all companies under its control and will not exploit its controlling position to the detriment of Liao Port Co., Ltd. and its shareholders[127].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,884,711,772.40, a decrease of 1.30% compared to CNY 2,922,840,507.33 in the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 481,807,363.95, representing an 18.66% decrease from CNY 592,319,978.19 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 32.38% to CNY 451,631,546.96, compared to CNY 341,159,257.25 in the same period last year[6] - The basic earnings per share decreased by 23.28% to CNY 0.020086 from CNY 0.026182 in the same period last year[6] - The company reported a net profit margin of approximately 19.2% for Q1 2022, down from 20.5% in Q1 2021[23] - The net profit for Q1 2022 was CNY 510,659,651.64, a decrease from CNY 631,704,544.52 in Q1 2021, representing a decline of approximately 19.1%[25] - The total comprehensive income for Q1 2022 was CNY 510,073,260.99, compared to CNY 632,154,258.78 in Q1 2021, indicating a decrease of about 19.3%[26] Cash Flow - The net cash flow from operating activities was CNY 154,718,143.98, an increase of 26.72% from CNY 122,098,217.62 in the previous year[6] - The net cash flow from investment activities for the year-to-date period is 97.00 million, primarily impacted by significant net outflows for structured deposits in the previous year's first quarter[12] - The net cash flow from financing activities for the year-to-date period is 88.11 million, mainly due to the repayment of current loans in the previous year's first quarter[12] - The company incurred a credit impairment loss of CNY 680,045.67, significantly lower than CNY 10,926,755.03 in Q1 2021, indicating an improvement in credit quality[25] - The cash outflow from investment activities was CNY 58,568,283.64, a significant decrease from CNY 2,752,033,735.62 in the previous year, reflecting a reduction in investment expenditures[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 59,122,415,278.87, reflecting a 2.26% increase from CNY 57,813,249,659.50 at the end of the previous year[6] - The equity attributable to shareholders of the listed company was CNY 38,444,966,526.29, a 1.31% increase from CNY 37,946,034,485.62 at the end of the previous year[6] - Total liabilities increased to ¥17,540,546,664.30 in Q1 2022, compared to ¥16,759,508,039.15 in Q1 2021[22] - Shareholders' equity reached ¥41,581,868,614.57 as of March 31, 2022, up from ¥41,053,741,620.35 at the end of 2021[22] Operational Metrics - Container throughput for the first quarter is 194.5 million TEU, a decrease of 5.3% compared to 205.3 million TEU in the same period last year[17] - The throughput of oil products is 1,214.1 million tons, down 29.4% from 1,718.4 million tons year-on-year[17] - The throughput of bulk cargo increased by 12.5%, reaching 4,960.8 million tons compared to 4,409.5 million tons in the previous year[17] - The passenger roll-on/roll-off throughput decreased to 29.8 million passengers, a decline of 21.2% compared to 37.8 million passengers in the same period last year[17] - The impact of the pandemic has led to a decrease in the company's overall throughput, particularly in container and passenger transport[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 284,532[13] - The largest shareholder, Yingkou Port Group Co., Ltd., holds 6,916,185,012 shares, representing 28.83% of total shares[15] Investment and R&D - The company completed the acquisition of assets related to coal, barge, and hydropower businesses from Yingkou Port Group, valued at CNY 2,341,776,800.00[4] - Research and development expenses increased to ¥17,731,980.00 in Q1 2022, compared to ¥13,695,980.00 in Q1 2021, indicating a commitment to innovation[21] - The company plans to focus on expanding its market presence and investing in new technologies in the upcoming quarters[22] Cost and Expenses - Total operating costs increased to ¥2,327,690,880.81 in Q1 2022, up 2.2% from ¥2,277,525,545.01 in Q1 2021[23] - The management expenses decreased to CNY 152,308,440.69 from CNY 188,228,415.42, showing a reduction of about 19.1%[25] - The investment income was CNY 68,897,433.27, down from CNY 91,446,873.28, representing a decline of approximately 24.6%[25] - The tax expenses for the quarter were CNY 172,239,801.01, slightly lower than CNY 173,362,545.11 in Q1 2021, showing a marginal decrease of about 0.7%[25] Cash Management - Cash and cash equivalents as of March 31, 2022, were ¥4,747,302,164.85, compared to ¥4,682,837,844.76 at the end of 2021, reflecting a slight increase[20] - The ending balance of cash and cash equivalents reached $4.49 billion[28] - The beginning balance of cash and cash equivalents was $4.43 billion[28] - The net increase in cash and cash equivalents was $61.32 million[28] - The impact of exchange rate changes on cash and cash equivalents was -$289,384.87[28] - Total cash outflow for financing activities was $385.68 million[28] - Total cash distribution to minority shareholders was $647,906.02[28] - Cash inflow from financing activities totaled $60 million[28] - Cash outflow for debt repayment amounted to $223 million[28] - Net cash flow from financing activities was -$38.73 million[28] Accounting Standards - The company did not apply the new accounting standards for the current year[28]

Financial Performance - The company's operating revenue for Q1 2022 was RMB 2,884,711,772.40, a decrease of 1.30% compared to RMB 2,775,954,734.82 in the same period last year[5] - Net profit attributable to shareholders for Q1 2022 was RMB 481,807,363.95, down 18.66% from RMB 545,134,717.07 in the previous year[5] - The net profit after deducting non-recurring gains and losses was RMB 451,631,546.96, an increase of 32.38% compared to RMB 341,159,257.25 in the same period last year[5] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.020086, a decrease of 23.28% from RMB 0.024096 in the same period last year[5] - The total comprehensive income for Q1 2022 was CNY 510,073,260.99, down from CNY 632,154,258.78 in Q1 2021[26] Cash Flow - The net cash flow from operating activities for Q1 2022 was RMB 154,718,143.98, representing a 26.72% increase from RMB 119,715,926.83 in the previous year[5] - The cash inflow from operating activities was CNY 2,210,370,997.05, a decrease of 2.93% compared to CNY 2,277,199,120.51 in Q1 2021[28] - The net cash flow from operating activities in Q1 2022 was CNY 154,718,143.98, an increase of 26.67% from CNY 122,098,217.62 in Q1 2021[29] - The cash outflow from investment activities in Q1 2022 was CNY 58,568,283.64, significantly lower than CNY 2,752,033,735.62 in Q1 2021[29] - The net cash flow from investment activities in Q1 2022 was -CNY 54,384,352.85, an improvement from -CNY 1,812,545,620.62 in Q1 2021[29] - The cash outflow from financing activities in Q1 2022 was CNY 38,726,980.43, a decrease of 89.90% compared to CNY 385,681,911.65 in Q1 2021[30] - The net increase in cash and cash equivalents in Q1 2022 was CNY 61,317,425.83, contrasting with a decrease of CNY 2,014,006,997.74 in Q1 2021[30] - The ending balance of cash and cash equivalents as of Q1 2022 was CNY 4,494,802,849.13, down from CNY 5,151,062,062.02 in Q1 2021[30] Assets and Liabilities - Total assets at the end of Q1 2022 were RMB 59,122,415,278.87, an increase of 2.26% from RMB 57,813,249,659.50 at the end of the previous year[6] - Total liabilities increased to approximately 17.54 billion RMB as of March 31, 2022, up from 16.76 billion RMB at the end of 2021[20] - Non-current liabilities rose to approximately 9.99 billion RMB, compared to 9.07 billion RMB at the end of 2021, reflecting increased long-term financing[20] - Current assets increased to approximately 9.42 billion RMB as of March 31, 2022, up from 8.68 billion RMB at the end of 2021[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 284,532, with the top ten shareholders holding significant stakes[11] - The largest shareholder, Yingkou Port Group Co., Ltd., held 6,916,185,012 shares, representing 28.83% of the total shares[11] Operational Metrics - Container throughput decreased by 5.3% year-on-year to 194.5 million TEU, impacted by high foreign trade shipping costs and pandemic-related disruptions[14] - Oil products throughput fell by 29.4% year-on-year to 1,214.1 million tons, due to macroeconomic controls and reduced export quotas[14] - Bulk cargo throughput increased by 12.5% year-on-year to 4,960.8 million tons, driven by the acquisition of mature berth assets and favorable market conditions in certain regions[14] - The company's vehicle throughput slightly decreased by 2.4% year-on-year to 20.6 thousand units, affected by production disruptions and component shortages[15] - Passenger roll-on/roll-off throughput dropped by 21.2% year-on-year to 29.8 million passengers, due to local pandemic outbreaks affecting travel demand[15] Expenses and Investments - Operating expenses increased by 79.78% in the current period, primarily due to the impact of asset write-offs[10] - Research and development expenses for Q1 2022 were CNY 1,016,414.18, down from CNY 1,237,407.98 in Q1 2021[23] - The company reported an increase in investment income from joint ventures to CNY 68,250,110.16 in Q1 2022, up from CNY 59,486,584.90 in Q1 2021[24] - The company received CNY 717,518.75 in investment income in Q1 2022, a decrease from CNY 11,341,862.19 in Q1 2021[29] - The company paid CNY 226,326,434.68 in various taxes in Q1 2022, an increase of 25.41% from CNY 180,504,202.97 in Q1 2021[30] Strategic Initiatives - The company continues to explore market expansion opportunities and new strategies to enhance operational efficiency amid challenging market conditions[14] - The company has committed to ensuring the accuracy and completeness of the financial report, with management taking legal responsibility for any misstatements or omissions[4]