Financial Performance - In 2021, the company's net profit attributable to shareholders reached RMB 1,916,076,220.45, with a proposed cash dividend of RMB 0.27 per 10 shares[20]. - In 2021, the company achieved a net profit attributable to shareholders of RMB 1,916,076,220.45, a decrease of 6.7% compared to RMB 2,053,091,078.19 in 2020[30]. - Operating revenue for 2021 was RMB 12,347,554,608.01, reflecting a year-on-year increase of 1.8% from RMB 12,124,932,151.55 in 2020[31]. - Gross profit decreased by 9.8% to RMB 3,829,224,151.96, with a gross margin of 31.0%, down 4 percentage points from the previous year[33]. - The company's cash and cash equivalents decreased by 36.88% to RMB 4,682,838,000 from RMB 7,419,447,000 in 2020[30]. - Net cash flow from operating activities was RMB 3,822,921, a decline of 4% compared to RMB 3,982,100 in 2020[30]. - The company's total assets increased slightly by 0.63% to RMB 57,813,250,000 from RMB 57,451,355,000 in 2020[30]. - The debt ratio improved to 11.43%, down 35.96% from 17.85% in the previous year[30]. - Research and development expenses decreased significantly by 49.5% to RMB 9,306,646.62 from RMB 18,437,450.14 in 2020[33]. - Financial expenses were reduced by 27.7% to RMB 526,378,915.07, primarily due to the repayment of maturing bonds[33]. Operational Developments - By the end of 2021, the company had developed a total of 100 container shipping routes, including 87 international routes and 13 domestic routes, significantly improving its container shipping network[17]. - The company successfully opened a new land-sea channel for exporting Japanese vehicles to Kazakhstan, marking a significant milestone in enhancing Northeast Asia's international shipping center[12]. - The company launched the first phase of the Smart Port 2.0 project at Dayaowan, moving closer to its goal of establishing a "Digital Liaoning Port" by 2022[17]. - In April 2021, the Dayaowan Comprehensive Bonded Zone passed inspection, enhancing the company's capabilities in developing an open economy and establishing an international logistics center[14]. - The company initiated a new foreign trade export logistics model combining "roll-on/roll-off transport + China-Europe freight trains" in April 2021, expanding its operational reach[14]. - The company opened its first roll-on/roll-off export shipping route to the Americas in October 2021, pioneering the export of aircraft modules in a roll-on MAFI format[16]. Market Position and Strategy - The company is recognized as the largest comprehensive terminal operator in Northeast China and one of the largest port industry listed companies in Northern China by asset, revenue, and profit scale[6]. - The company maintained a 100% market share in the automobile roll-on/roll-off industry in Northeast China for the eighth consecutive year[22]. - The company plans to optimize resource allocation and strengthen cooperation with upstream and downstream industries to navigate challenges in 2022[24]. - The company aims to enhance its supply chain service system and extend the industrial value chain to improve overall revenue levels[24]. - The company will focus on the construction of the Northeast Asia Shipping Center and the concept of "healthy development" in its strategic planning[24]. - The company is committed to integrating and upgrading port operations to achieve high-quality development and become a world-class strong port[24]. Legal and Compliance Issues - The group is currently involved in ongoing litigation related to its subsidiaries, with a total claim amount of RMB 1.06 billion from six storage agents[37]. - A court ruling on November 24, 2021, ordered the group to pay RMB 10,969.46 million to a trading company, with interest calculated from March 23, 2021[38]. - Another court ruling on December 30, 2021, required the group to pay RMB 1,026.34 million to a metal trading company, with interest calculated from September 1, 2021[38]. Environmental and Social Responsibility - The company conducted over 160 environmental inspections, identifying and rectifying 108 issues to improve the ecological environment quality of the port area[114]. - The company completed the compliant transfer and disposal of 8.05 tons of hazardous waste, enhancing its hazardous waste management practices[114]. - The company organized four emergency drills for oil spills, improving its environmental emergency response capabilities[114]. - The company achieved 100% coverage of long-term stored goods to control dust emissions, addressing environmental concerns effectively[114]. - The company participated in various social welfare activities, including donating over 1,000 books to impoverished areas and supporting frontline pandemic workers[118]. - The company emphasized the integration of social responsibility with its development strategy, aiming to protect employee rights and create value for customers[121]. Employee Engagement and Development - The company implemented a training plan focusing on professional and operational skills, with over 700 team leaders participating in training programs[101]. - The company trained over 126,000 personnel in safety education and training, significantly improving safety awareness among employees[110]. - The company launched initiatives for employee mental health support, particularly during the COVID-19 pandemic in Dalian[112]. - The company emphasized the importance of skilled labor and established a training mechanism that led to outstanding performances in various skill competitions[113]. Future Outlook and Challenges - The company anticipates facing increased uncertainties in the global economy and international trade, which may impact domestic economic growth and port operations[97]. - The company aims to enhance coordination and integration with surrounding ports and third-party logistics firms to optimize resource allocation and reduce overall costs[91]. - The company plans to develop a full-service supply chain platform by innovating logistics products and expanding business models, focusing on the integration of logistics, trade, finance, and information[91]. - The company will push for digital transformation to improve comprehensive service capabilities and support container business development[93].

Financial Performance - The total operating revenue for 2021 was RMB 12,347,554,608.01, representing a 1.8% increase compared to RMB 12,124,932,151.55 in 2020[22]. - The net profit attributable to shareholders of the listed company decreased by 6.7% to RMB 1,916,076,220.45 from RMB 2,053,091,078.19 in the previous year[22]. - The net profit after deducting non-recurring gains and losses surged by 96.2% to RMB 1,468,359,481.18, compared to RMB 748,532,811.36 in 2020[22]. - The cash flow from operating activities amounted to RMB 3,822,920,927.48, a decrease of 4.0% from RMB 3,982,100,164.06 in the previous year[22]. - The total assets at the end of 2021 were RMB 57,813,249,659.50, reflecting a 0.6% increase from RMB 57,451,355,302.82 at the end of 2020[22]. - The net assets attributable to shareholders of the listed company increased by 1.9% to RMB 37,946,034,485.62 from RMB 37,234,474,872.96 in 2020[22]. - Basic earnings per share for 2021 was CNY 0.083852, a decrease of 7.6% compared to CNY 0.090751 in 2020[23]. - The diluted earnings per share for 2021 also stood at CNY 0.083852, reflecting the same 7.6% decline[23]. - The weighted average return on equity decreased to 5.02% in 2021 from 5.53% in 2020, a reduction of 0.51 percentage points[23]. - The gross profit decreased by 9.8% to RMB 3,829,224,151.96, with a gross margin of 31.0%, down 4 percentage points from the previous year[43]. Cash Flow and Investments - The company reported a net cash inflow from operating activities of RMB 3,822,920,927.48 for the year[49]. - Cash and cash equivalents decreased by RMB 2,731,583,636.46 to RMB 4,433,485,423.30 as of December 31, 2021[48]. - Capital expenditures for 2021 amounted to RMB 7,006,086,868.90, funded mainly through operating cash flow and A-share fundraising[53]. - The net cash outflow from investing activities was ¥2,686,733,149.88, an increase of 460.84% year-on-year, mainly due to payments for the acquisition of assets from Yingkou Port Group[100]. - The net cash outflow from financing activities was ¥3,862,974,254.41, a decrease of 17.10% year-on-year, influenced by funds raised and payments related to the acquisition of Yingkou Port Group assets[100]. Operational Highlights - The company completed a share swap merger with Yingkou Port Group in February 2021, enhancing regional port integration[28]. - The launch of a new logistics model combining "roll-on/roll-off transport + China-Europe freight trains" in April 2021 expanded the company's export logistics capabilities[28]. - The total number of container shipping routes reached 100, including 87 international routes and 13 domestic routes[29]. - The company added five new near-sea shipping routes and one domestic route in 2021, enhancing its market presence[29]. - The company aims to maintain stable throughput levels in 2022, despite challenges from the global economic environment and ongoing pandemic impacts[37]. Strategic Initiatives - The company plans to enhance its logistics service platform and integrate supply chain services to improve overall revenue levels[37]. - The company will focus on the construction of the "Northeast Asia Shipping Center" and the concept of "healthy development" in its future strategies[35]. - The company aims to integrate logistics with finance, commerce, and information industries to improve service levels[58]. - The company is focusing on product innovation and service expansion to enhance its logistics service system[58]. - The company plans to develop high-end services and accelerate its expansion efforts to build a comprehensive port ecosystem integrating logistics, commerce, finance, and information flows[122]. Environmental Compliance - The company has no significant environmental violations and has obtained pollution discharge permits for all relevant subsidiaries[173]. - The total wastewater discharge from Dalian Port Oil Terminal was 10,896 tons, with no exceedance of discharge standards[175]. - Dalian Port Bulk Cargo Terminal reused all wastewater after treatment, with no exceedance of discharge standards[177]. - The company has achieved a 100% compliance rate for environmental impact assessments for all construction projects[193]. - The company has implemented a "physical-chemical + biological" treatment process for oily wastewater, ensuring compliance with discharge standards[192]. Leadership and Governance - The total compensation for the chairman, Wei Minghui, during the reporting period was 125.16 million CNY, while the total compensation for the general manager, Sun Dequan, was 96.29 million CNY[131]. - The company maintained a stable management structure with no changes in executive positions during the reporting period[131]. - The company has established a performance evaluation and incentive mechanism for senior management, linking performance results to their employment and compensation[169]. - The company has a cash dividend policy that mandates a minimum distribution of 40% of the available profit each year, with payout ratios of 41.48%, 96.49%, and 40.81% for the years 2019 to 2021 respectively[166]. - The company has conducted training programs for over 700 team leaders to enhance their comprehensive capabilities, focusing on legal compliance and safety management[164].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,859,729,288.29, a decrease of 1.48% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 507,331,524.24, reflecting a decrease of 11.81% year-on-year[5]. - The net profit after deducting non-recurring gains and losses for the current period was CNY 506,614,308.97, an increase of 75.51% compared to the previous year[6]. - The weighted average net profit margin for the current period was 0.022425 CNY per share, a decrease of 11.81% compared to the previous year[6]. - Net profit for Q3 2021 was ¥1,539,038,156.48, down from ¥1,718,018,637.49 in Q3 2020, reflecting a decrease of approximately 10.45%[24]. - Total comprehensive income for Q3 2021 was ¥1,539,568,551.45, compared to ¥1,717,372,640.63 in Q3 2020, reflecting a decrease of approximately 10.39%[25]. Cash Flow and Investments - Cash flow from operating activities for the current period was CNY 1,318,201,678.97, an increase of 102.38% year-on-year[6]. - Cash inflow from operating activities for the first three quarters of 2021 was approximately ¥7.996 billion, a decrease of 2.1% compared to ¥8.168 billion in the same period of 2020[27]. - Net cash flow from investment activities was approximately ¥585.6 million, significantly up from ¥115.3 million in the same period last year, reflecting improved investment returns[27]. - Cash inflow from investment activities totaled approximately ¥4.106 billion, up from ¥3.711 billion in the same period last year, indicating a positive trend in investment recovery[27]. - Net cash outflow from financing activities was approximately -¥4.174 billion, slightly higher than -¥4.118 billion in the previous year, indicating increased financial pressure[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 55,237,772,427.75, a decrease of 3.18% compared to the end of the previous year[6]. - Total liabilities decreased from ¥16,974,912,922.82 in the previous year to ¥14,278,279,204.72 in Q3 2021, a reduction of approximately 15.87%[22]. - Total equity increased from ¥38,262,859,504.93 in the previous year to ¥39,202,234,614.39 in Q3 2021, representing a growth of about 2.45%[22]. - The company reported a total current asset of approximately 10.20 billion RMB as of September 30, 2021, down from 11.18 billion RMB at the end of 2020[20]. - Non-current assets totaled approximately 43.29 billion RMB as of September 30, 2021, compared to 44.06 billion RMB at the end of 2020[20]. Operational Metrics - Container throughput at Liaoning Port decreased by 19.2% year-on-year to 227.02 million TEU in Q3 2021, while total throughput for the first three quarters fell by 21.1% to 661.0 million TEU[15]. - Oil products throughput dropped by 27.2% year-on-year to 1,145.9 million tons in Q3 2021, with a cumulative decline of 17.2% to 4,165.4 million tons for the first three quarters[15]. - General cargo throughput increased by 1.89% year-on-year to 4,125.4 million tons in Q3 2021, with a cumulative increase of 2.63% to 12,900.5 million tons for the first three quarters[15]. - The number of passenger vehicles transported decreased by 15.2% year-on-year to 19.5 million units in Q3 2021, while the total for the first three quarters increased by 14.2% to 63.4 million units[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 272,987[12]. - The largest shareholder, Yingkou Port Group Co., Ltd., holds 30.57% of the shares[12]. Government Subsidies and R&D - The company received government subsidies amounting to CNY 4,649,007.77 during the current period[8]. - The company received a government subsidy, which decreased compared to the same period last year[11]. - Research and development expenses for the first three quarters of 2021 were ¥4,634,625.67, significantly lower than ¥8,996,792.42 in the same period of 2020, indicating a decrease of approximately 48.42%[23]. - Research and development expenses were impacted by the equity stake in a new joint venture, no longer included in the consolidated scope[11]. Challenges and Market Presence - The company is facing challenges in the oil products segment due to high international oil prices and government policies affecting refinery operations, leading to a decrease in processed oil volumes[16]. - The company is actively expanding its market presence, particularly in the foreign trade sector, which has seen a notable increase in the volume of exported vehicles[17]. - The company completed a merger with Yingkou Port, which significantly impacted the financial results and the classification of gains and losses[10].

Financial Performance - In the first half of 2021, the company achieved a net profit attributable to shareholders of RMB 905,547,578.82, a decrease of 11.0% compared to RMB 1,017,342,655.75 in the same period of 2020[6]. - Operating revenue increased by 4.2% year-on-year to RMB 5,828,529,724.68, driven by growth in container transit and transportation agency businesses[7]. - The company's gross profit margin decreased by 2.8 percentage points to 32.6%, with gross profit declining by 4.1% to RMB 1,899,798,210.19 due to lower volumes in high-margin businesses[7]. - The company reported a 3% year-on-year decrease in imported crude oil to 26.1 million tons, influenced by international oil price trends and sanctions on some oil-producing countries[3]. - The automotive sector saw production and sales volumes increase by 24.2% and 25.6% year-on-year, respectively, with domestic production reaching 12.569 million vehicles[3]. - The company's operating costs rose by 8.7% to RMB 3,928,731,514.49, primarily due to increased container agency costs and the end of social security exemptions[8]. - The net cash inflow from operating activities in the first half of 2021 was RMB 926,801,954.35, while cash inflow from investing activities was RMB 853,377,280.44, and cash outflow from financing activities was RMB 3,151,482,847.84[12]. - The total comprehensive income for the first half of 2021 was RMB 208,342,013.79, down from RMB 329,944,855.37 in the same period last year, reflecting a decrease of approximately 37%[89]. Assets and Liabilities - The group's total assets as of June 30, 2021, amounted to RMB 53,604,149,678.06, with net assets of RMB 38,707,219,237.42, and a slight increase in net asset per share to RMB 1.57 from RMB 1.55 as of December 31, 2020[11]. - The group's total liabilities as of June 30, 2021, were RMB 14,896,930,440.64, with a debt-to-asset ratio of 27.8%, down 2.9 percentage points from 30.7% as of December 31, 2020[11]. - As of June 30, 2021, the group held cash and cash equivalents of RMB 5,765,460,628.39, a decrease of RMB 1,370,877,610.48 compared to December 31, 2020[12]. - The group's net debt-to-equity ratio as of June 30, 2021, was 14.9%, down from 15.5% as of December 31, 2020, indicating a reduction in debt scale[12]. - The company's total liabilities decreased to RMB 8,339,601,512.94 from RMB 10,071,494,711.66, reflecting a reduction of approximately 17.25%[83]. - The company's total equity increased significantly to RMB 34,846,739,387.04 from RMB 19,488,035,474.29, marking an increase of about 78.93%[83]. Research and Development - Research and development expenses decreased significantly by 46.7% to RMB 3,142,083.67, reflecting a strategic focus on cost management[7]. - In the first half of 2021, the group's R&D expenses decreased by RMB 2,748,407.50, a decline of 46.7% due to the impact of equity investment in a new joint venture not included in the consolidation scope[10]. - Research and development expenses were RMB 21,700.00, significantly lower than RMB 32,694.06 in the same period last year, indicating a reduction in investment in innovation[88]. Operational Highlights - Container throughput in national ports reached 13.818 million TEU, representing a year-on-year increase of 15% in the first half of 2021[3]. - Passenger traffic on inter-provincial routes in the Bohai Sea region increased by 42.2%, while roll-on/roll-off vehicle traffic grew by 17.1% in the first half of 2021[5]. - The total container throughput for the first half of 2021 was 5,091,000 TEU, a decrease of 18.4% year-on-year[28]. - Operating revenue for the container segment increased by 8.0% to RMB 1,892,426,020.71, accounting for 32.5% of the group's total operating revenue[29]. - The automotive terminal achieved a throughput of 438,953 vehicles, a year-on-year increase of 34.9%[32]. - The total throughput for bulk cargo reached 8,304,200 tons, an increase of 5.0% year-on-year[37]. Market and Strategic Initiatives - The company plans to expand its market presence in Southeast Asia and Japan, adding four new foreign trade routes to optimize its network[30]. - The company aims to deepen its crude oil transshipment market in Hebei and enhance logistics systems to stabilize crude oil transshipment sources[54]. - The company is actively expanding its railway transfer business for imported crude oil to increase business volume[24]. - The company has signed strategic cooperation agreements with clients to expand crude oil transfer business towards Hebei[24]. Governance and Compliance - The company has complied with the corporate governance code as of June 30, 2021, with no deviations reported[61]. - The board of directors remained unchanged as of June 30, 2021, ensuring continuity in leadership[70]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2021[110]. Financial Management - Financial expenses in the first half of 2021 decreased by RMB 79,809,069.93, a decline of 21.3%, primarily due to a reduction in interest expenses from a decrease in debt scale[10]. - The company reported a significant increase in credit impairment losses, amounting to RMB 41,062,966.61, compared to RMB 17,073,527.06 in the previous year[7]. - The company reported a significant increase in contract liabilities, which rose to RMB 98,293,793.38 from RMB 42,138,449.94, indicating a growth of approximately 133.33%[83]. Environmental and Social Responsibility - The company is committed to building a "resource-saving and environmentally friendly" port, emphasizing its social responsibility in environmental protection[71]. - The company has maintained a focus on safety management, adhering to the principle of "safety first, prevention foremost" in its operations[71].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 5,828,529,724.68, representing a 4.2% increase compared to CNY 5,595,338,056.19 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was CNY 905,547,578.82, a decrease of 11.0% from CNY 1,017,342,655.75 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 706,463,610.50, which is a significant increase of 73.4% compared to CNY 407,414,879.97 in the same period last year[18]. - The basic earnings per share for the first half of 2021 were CNY 0.040027, down 11.0% from CNY 0.044969 in the same period last year[19]. - The diluted earnings per share were also CNY 0.040027, reflecting the same percentage decrease of 11.0%[19]. - The weighted average return on net assets decreased by 0.4 percentage points to 2.55% from 2.98% in the previous year[19]. - The company's net profit attributable to shareholders for the first half of 2021 was RMB 905,547,578.82, a decrease of RMB 111,795,076.93 or 11.0% compared to RMB 1,017,342,655.75 in the same period of 2020[27]. - Basic earnings per share for the first half of 2021 were RMB 4.00, down from RMB 4.50 in the first half of 2020, reflecting a decline of 11.0%[28]. - The company reported a total sales revenue of CNY 4,854,801,221.91, a decline from CNY 5,455,387,295.24 in the same period last year[166]. - The total comprehensive income for the first half of 2021 was CNY 987,058,365.21, down from CNY 1,079,072,282.72 in the previous year, a decrease of approximately 8.54%[162]. Cash Flow and Assets - The net cash flow from operating activities decreased by 53.1% to CNY 926,801,954.35 from CNY 1,977,687,686.05 in the previous year[18]. - The total assets of the company as of June 30, 2021, were CNY 53,604,149,678.06, reflecting a decrease of 3.0% from CNY 55,237,772,427.75 at the end of the previous year[18]. - The cash and cash equivalents decreased to CNY 6,053,141,490.98 from CNY 7,390,716,460.41, a decline of 18.06%[154]. - The accounts receivable increased to CNY 2,731,116,913.35 from CNY 1,895,779,349.88, an increase of 43.93%[154]. - The company's cash and cash equivalents at the end of the period were CNY 5,765,460,628.39, down from CNY 5,973,865,296.97 at the end of the first half of 2020[167]. Operational Highlights - Container throughput for national ports in the first half of 2021 reached 13.818 million TEU, representing a year-on-year increase of 15%[26]. - The total cargo throughput of major ports in the first half of 2021 was 7.64 billion tons, an increase of 13.2% year-on-year[23]. - The company experienced a decline in business volume for containers, minerals, and grains, while the growth in miscellaneous goods and passenger roll-on/roll-off services partially offset the profit decline[27]. - The automotive sector saw production and sales increase by 24.2% and 25.6% respectively in the first half of 2021, despite challenges such as chip shortages[26]. - The total throughput for bulk cargo terminals was 8,304.2 million tons in the first half of 2021, a 5.0% increase from 7,912.5 million tons in the same period of 2020[49]. Strategic Initiatives - The company aims to enhance service levels and integrate logistics with finance, commerce, and information industries to promote comprehensive logistics service systems[23]. - The company plans to leverage its advantages in the Dalian Free Trade Zone to expand its bonded mixed ore business, enhancing competitiveness in the mineral sector[24]. - The company plans to deepen its market development in the crude oil transshipment market in Hebei and enhance port service functions to drive throughput growth[65]. - The company plans to enhance its logistics capabilities by expanding its railway dedicated lines and promoting new transportation models for vehicle logistics[67]. - The company is focusing on product innovation and service expansion to maintain strong competitiveness in the port industry[24]. Environmental Compliance - No significant environmental violations occurred during the reporting period, and all key pollutant discharge units have obtained discharge permits[90]. - The company has achieved a 100% compliance rate for environmental impact assessments for all construction projects[104]. - The company has implemented pollution control facilities that ensure stable and compliant emissions, including a "physical-chemical + biological" treatment process for oily wastewater[103]. - All companies reported no exceedance of pollutant discharge limits for wastewater, waste gas, and noise[92][93][94][95][96][99][100]. - The company has taken measures to reduce carbon emissions, although specific results were not disclosed[108]. Mergers and Acquisitions - The company completed the merger with Yingkou Port Co., Ltd. on February 4, 2021, following the approval from the China Securities Regulatory Commission[127]. - The merger involved the issuance of 9,728,893,454 new A-shares to Yingkou Port's original shareholders, completed on February 4, 2021[183]. - The new controlling shareholder is Yingkou Port Group Co., Ltd., effective from March 29, 2021[145]. - The company has committed to resolving competition issues with the Y港 Group by the end of 2022 through asset restructuring and business adjustments[112]. - The company will ensure compliance with relevant regulations to avoid conflicts of interest in its operations[113]. Financial Management - The company has a bond balance of 8.85 billion RMB with an interest rate of 4.8%[147]. - The company reported a maximum daily deposit balance of 370 million RMB with China Merchants Bank Dalian Branch as of June 30, 2021[125]. - The company incurred 0.31 million RMB in financial service fees with China Merchants Bank Dalian Branch as of June 30, 2021[125]. - The company has not disclosed any new significant matters or changes in related party transactions during the reporting period[128]. - The company has not provided guarantees exceeding 50% of net assets during the reporting period[131].

Financial Performance - Net profit attributable to shareholders increased by 15.18% to CNY 545.13 million compared to the same period last year [5]. - Operating income for the first quarter was CNY 2.78 billion, representing a 4.67% increase year-on-year [5]. - Basic earnings per share rose by 15.18% to CNY 0.024096 [5]. - The weighted average return on net assets increased by 0.27 percentage points to 1.55% [5]. - The company reported non-operating income of CNY 203.98 million, primarily from government subsidies and other non-recurring gains [7]. Asset and Shareholder Information - Total assets increased by 1.60% to CNY 56.33 billion compared to the end of the previous year [4]. - The total number of shareholders at the end of the reporting period was 291,765 [8]. - The top three shareholders held a combined 76.03% of the shares, with Yingkou Port Group holding 30.57% [8]. Cash Flow and Investment Activities - Net cash flow from operating activities decreased by 63.52% to CNY 119.72 million compared to the previous year [4]. - The company's net cash inflow from operating activities for Q1 2021 was RMB 119,715,926.83, a decrease of 64% year-on-year, primarily due to prior year trade receivables and early payment of annual bonuses [24]. - The company's net cash outflow from investment activities for Q1 2021 was RMB 1,812,575,620.62, an increase of 43% year-on-year, mainly due to increased net expenditure on structured deposits [25]. - The company's net cash outflow from financing activities for Q1 2021 was RMB 306,600,540.51, a decrease of 52% year-on-year, primarily due to the repayment of bank loans and dividend payments in the previous year [26]. Accounts and Borrowings - As of March 31, 2021, the company's accounts receivable reached RMB 2,511,359,232.39, reflecting a 32% increase from the beginning of the year, mainly due to concentrated collections at the end of the previous year and unbilled revenue from crude oil storage services [13]. - As of March 31, 2021, the company's short-term borrowings were RMB 0.00, a decrease of 100% compared to the beginning of the year, due to the repayment of bank short-term loans [16]. Capital and Expenses - As of March 31, 2021, the company's capital stock was RMB 22,623,429,453.00, an increase of 75% compared to the beginning of the year, mainly due to the stock issuance for the merger with Yingkou Port [18]. - The company's research and development expenses for Q1 2021 were RMB 1,237,407.98, a decrease of 62% year-on-year, primarily due to the exclusion of an IT enterprise from the consolidation scope [20]. Fair Value and Impairment - The company's fair value changes in profit and loss for Q1 2021 were RMB 0.00, a decrease of 100% year-on-year, as all held stocks were sold at the end of the previous year [21]. - The company's credit impairment gain for Q1 2021 was RMB 10,930,556.10, compared to a loss of RMB 15,489,644.15 in the same period last year, mainly due to the recovery of large overdue receivables [21]. Merger and Gains - The company completed the absorption merger with Yingkou Port Co., resulting in a gain of CNY 181.57 million [6].

Financial Performance - Net profit attributable to shareholders increased by 15.18% to CNY 545.13 million compared to the same period last year[8]. - Operating revenue rose by 4.67% to CNY 2.78 billion compared to the previous year[8]. - Basic earnings per share increased by 15.18% to CNY 0.024096[8]. - The company reported a net profit of CNY 2,775,954,734.82 for the first quarter, compared to CNY 2,652,085,327.56 in the same period last year, reflecting a growth of about 4.7%[41]. - Net profit for Q1 2021 reached CNY 584,519,283.40, up from CNY 503,945,049.81 in the same period last year, representing a growth of approximately 15.9%[42]. - The total profit for Q1 2021 was CNY 749,860,410.42, compared to CNY 638,261,035.59 in Q1 2020, representing an increase of about 17.5%[42]. - The total comprehensive income for Q1 2021 was CNY 584,968,997.66, compared to CNY 502,150,625.42 in Q1 2020, reflecting an increase of about 16.4%[43]. Cash Flow - Net cash flow from operating activities decreased by 63.52% to CNY 119.72 million compared to the same period last year[6]. - The group's net cash inflow from operating activities was RMB 119,715,926.83, a decrease of 64% year-on-year, mainly due to prior year trade receivables and early payment of annual bonuses[27]. - The net cash flow from operating activities was 119,715,926.83 RMB, a decrease of 63.5% compared to 328,200,699.89 RMB in the same period last year[47]. - The company reported a net cash flow from operating activities of -87,308,844.59 RMB, compared to a positive cash flow of 17,691,579.90 RMB in the same quarter last year[49]. - The net cash flow from financing activities was -306,600,540.51 RMB, an improvement from -641,825,668.54 RMB in the same quarter last year[48]. Assets and Liabilities - Total assets increased by 1.60% to CNY 56.33 billion compared to the end of the previous year[6]. - The company's total liabilities amounted to 17,511,399,648.10 RMB, an increase from 17,180,588,801.17 RMB year-on-year[37]. - The company's equity attributable to shareholders increased to 35,551,670,211.55 RMB from 34,996,055,699.53 RMB year-on-year[37]. - The total liabilities amounted to CNY 10,074,231,998.30, slightly increasing from CNY 10,071,494,711.66, showing a marginal growth of about 0.02%[39]. - The company's total current asset was 11,761,362,613.53 RMB, an increase from 11,181,229,908.30 RMB year-on-year[35]. - Non-current assets totaled 44,568,286,597.28 RMB, up from 44,262,218,397.80 RMB year-on-year[36]. Shareholder Information - The total number of shareholders at the end of the reporting period was 291,765[11]. - The top three shareholders held a combined 76.03% of the shares, indicating significant ownership concentration[11]. Operational Efficiency - The company plans to continue expanding its market presence and enhancing operational efficiency in the upcoming quarters[6]. - The company plans to expand its market presence and enhance operational efficiency through new strategies and technology development[31]. Research and Development - The group's research and development expenses for Q1 2021 were RMB 1,237,407.98, a decrease of 62% compared to the same period last year, primarily due to the exclusion of an IT company from the consolidation scope[23]. Inventory and Receivables - The group's accounts receivable reached RMB 2,511,359,232.39, reflecting a 32% increase from the beginning of the year, mainly due to concentrated collections at the end of the previous year and unbilled revenue from crude oil storage services[16]. - The total inventory increased to CNY 42,533,734.77 from CNY 40,870,821.57, a growth of about 4.1%[38].

Financial Performance - The company’s overall revenue for 2020 was reported at 1.5 billion RMB, reflecting a stable performance despite market challenges[12]. - The company achieved a net profit attributable to shareholders of RMB 812,640,222.02 for the year 2020[24]. - In 2020, the company achieved a net profit attributable to shareholders of RMB 812.64 million, an increase of 13.1% compared to RMB 718.23 million in 2019[39]. - The company's operating revenue for 2020 was RMB 6.66 billion, a slight increase of 0.2% from RMB 6.65 billion in 2019[40]. - Gross profit rose to RMB 2.24 billion, reflecting a 12.3% increase from RMB 1.99 billion in the previous year, with a gross margin improvement of 3.6 percentage points to 33.6%[40]. - The company reported a net cash flow from operating activities of RMB 2.10 billion, a significant increase of 30.6% from RMB 1.61 billion in 2019[34]. - The total assets of the company decreased by 1.6% to RMB 34.53 billion from RMB 35.10 billion in 2019[34]. - The company's debt ratio improved significantly to 23.6%, down from 33.4% in the previous year, indicating a reduction in financial leverage[34]. - The group’s operating revenue for 2020 increased by RMB 11,550,017.39, a growth of 0.2%, with trade service revenue decreasing by RMB 198,085,104.73, down 90.1%, while port logistics revenue increased by RMB 209,635,122.12, up 3.3%[41]. - The group’s gross profit for 2020 increased by RMB 244,380,013.62, a growth of 12.3%, with a gross profit margin of 33.6%, up 3.6 percentage points[41]. Operational Highlights - Liaoning Port Co., Ltd. reported a significant increase in container throughput, achieving a total of 1.2 million TEUs in 2020, representing a growth of 15% year-on-year[6]. - The company’s automotive terminal launched a new pre-delivery vehicle storage service, with an expected annual volume of 40,000 vehicles, enhancing service capabilities and profitability[14]. - The company operates two 300,000-ton crude oil terminals, with one capable of accommodating 450,000-ton tankers, making it a key oil and liquid chemical storage and distribution center in Northeast China[6]. - The container terminal has a reliable loading capacity for 150,000-ton container vessels, maintaining a leading position in Northeast China's foreign trade container transportation[6]. - The company completed the upgrade of the Daya Bay bonded port area, allowing it to benefit from comprehensive bonded zone policies immediately[16]. - The company has established a comprehensive logistics system for grain, positioning itself as the most competitive grain transshipment center in Northeast China[8]. - The company’s bulk cargo terminal has expanded operations to strategic locations, enhancing its capabilities in handling steel, coal, and large equipment[8]. - The company achieved a total throughput of 5,790.6 million tons in oil and liquid chemical products, representing a year-on-year increase of 0.7%[59]. - The crude oil throughput reached 3,909.0 million tons in 2020, up 4.5% year-on-year, with foreign trade crude oil imports increasing by 20.5% to 2,518.7 million tons[60]. - The total container throughput in 2020 was 653.5 million TEUs, a decline of 36.0% year-on-year, with Dalian port experiencing a 41.8% drop in container throughput[70]. Strategic Initiatives - The company aims to leverage its advantageous natural conditions and management strengths to become a leading integrated logistics operator in Northeast Asia[9]. - The company is focused on expanding its logistics services, including tugboat, IT, and integrated logistics, to support its transformation into a high-end logistics industry[9]. - The company plans to enhance its logistics service platform and integrate supply chain services to improve overall revenue levels[32]. - The company aims to strengthen its position as a key player in the Northeast Asia shipping center and focus on high-quality development[32]. - The company anticipates stable throughput levels in 2021, with continued growth in oil and container businesses despite challenges from the pandemic[32]. - The company actively integrated into national strategies such as the "Belt and Road Initiative" and expanded its market presence in Southeast Asia and the Russian Far East[74]. - The company added two new China-Europe freight train routes despite challenges from the pandemic and border congestion[74]. - The company plans to innovate its business model to meet the export demand for refined oil via rail, aiming to create new growth points[67]. - The company aims to enhance cooperation with surrounding ports and logistics companies to optimize resource allocation and reduce logistics costs[152]. - The company intends to leverage its railway transportation advantages to expand oil and refined oil railway transportation services to the Northeast region, driving throughput growth[156]. Investments and Financial Management - The total amount raised from the A-share issuance was RMB 2,772,091,519.47, with cumulative usage of RMB 242,003.60 million and an unused balance of RMB 35,205.55 million as of December 31, 2020[50]. - The group had unused bank credit facilities amounting to RMB 7.783 billion as of December 31, 2020, with a stable AAA credit rating outlook[49]. - The company completed a targeted issuance of 1,180,320,000 new H-shares at a price of HKD 3.67 per share, raising approximately HKD 42.83 billion, which was fully allocated to the mainland China fundraising account[55]. - The company utilized RMB 8.5 billion of the remaining H-share fundraising in 2020, covering interest payments, land rental fees, dividends, and other operational costs[55]. - The company reported a credit impairment loss of CNY 11,768,000 related to its oil products terminal[120]. - The company's trading financial assets increased by 196.42% to approximately CNY 903.95 million, accounting for 2.62% of total assets[124]. - Accounts receivable rose by 33.22% to approximately CNY 1.76 billion, representing 5.10% of total assets, primarily due to oil storage business income not yet settled with customers[124]. - Short-term borrowings decreased by 69.83% to approximately CNY 150.14 million, accounting for 0.43% of total assets, mainly due to repayment of bank short-term loans[124]. - The company reported a significant increase in automotive revenue, with a gross margin of -11.8%, reflecting a 200.1% year-on-year increase in operating costs[109]. Safety and Compliance - The company signed 1,092 safety responsibility agreements and 12,515 dual-responsibility commitments in 2020, emphasizing safety production management[191]. - The company identified and rectified a total of 2,506 safety hazards throughout the year, ensuring compliance with safety standards[191]. - The company conducted over 3,381 emergency drills and organized 741 safety training sessions, training a total of 105,000 employees[196]. - A comprehensive inspection identified 48 safety hazards in hazardous chemical operations, all of which have been rectified[194]. - The company implemented a "2+5" action plan, detailing 36 tasks and 105 specific measures to enhance safety management[196]. - The company achieved a 100% pass rate in health inspections for 209 testing points, with 2,793 employees undergoing health check-ups[197]. - A total of 313 safety hazards were rectified following 58 fire safety inspections and 8 traffic management actions conducted throughout the year[199]. - The company organized 28 fire drills to improve emergency response capabilities[199]. Employee Development and Welfare - As of December 31, 2020, the company had 3,843 full-time employees, with a total workforce of 6,152 across the company and its subsidiaries[178]. - The company emphasizes employee training and development, focusing on various key areas to ensure a skilled workforce for future growth[180]. - The company has established a mechanism for employee welfare, including support for education and health care, and has implemented a psychological support program for employees affected by the COVID-19 pandemic[200].

Financial Performance - The company's operating revenue for 2020 was approximately CNY 6.66 billion, a slight increase of 0.2% compared to CNY 6.65 billion in 2019[19]. - Net profit attributable to shareholders reached CNY 812.64 million, representing a growth of 13.1% from CNY 718.23 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 748.53 million, up 14.8% from CNY 651.79 million in 2019[19]. - The basic earnings per share for 2020 was CNY 0.063, a 13.1% increase from CNY 0.056 in 2019[20]. - The weighted average return on equity rose to 4.24%, an increase of 0.4 percentage points from 3.86% in the previous year[20]. - The company's total revenue for 2020 was RMB 6,657,457,293.58, reflecting a slight increase of 0.2% from RMB 6,645,907,276.19 in 2019[44]. - The gross profit for 2020 was RMB 2,235,346,929.53, with a gross margin of 33.6%, up from 30.0% in 2019, indicating a 3.6 percentage point increase[44]. - The company reported a significant increase in credit impairment losses, which rose by 743.6% to RMB 132,789,383.36 in 2020[44]. - The logistics revenue increased by 3.3% due to significant growth in the throughput of minerals and grains, despite a decline in container and passenger roll-on/roll-off business volumes[44]. - In 2020, the company achieved a net profit attributable to shareholders of RMB 812,640,222.02, an increase of 13.1% compared to RMB 718,230,462.31 in 2019[41]. Cash Dividends - The company plans to distribute a cash dividend of RMB 0.30 per 10 shares, totaling RMB 678,702,883.59 based on 22,623,429,453 shares[4]. - In 2020, the company distributed cash dividends totaling RMB 678,702,883.59, with a payout ratio of 83.5% of the net profit attributable to shareholders[125]. - The cash dividend per 10 shares for 2020 was RMB 0.30, compared to RMB 0.21 in 2019 and RMB 0.19 in 2018[125]. - The company plans to distribute at least 40% of the available profit each year, ensuring a stable return to investors[123]. - The company has maintained a consistent cash dividend policy over the past three years, with cumulative cash distributions exceeding 30% of the average distributable profit[123]. Audit and Compliance - The company received a standard unqualified audit report from Ernst & Young Hua Ming[3]. - The company is committed to ensuring the accuracy and completeness of the financial report as stated by its management[3]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has maintained compliance with decision-making procedures regarding external guarantees[7]. - The company has not faced any issues with more than half of the board members being unable to ensure the authenticity and completeness of the annual report[6]. - The report emphasizes that forward-looking statements do not constitute a substantive commitment to investors, highlighting investment risks[5]. - The company has no significant litigation or arbitration matters reported for the year[130]. Operational Highlights - The company completed a record monthly throughput of 87,600 vehicles at the automobile terminal in November 2020, marking a new high for the terminal[28]. - The company expanded its container terminal operations by adding 10 new shipping routes in 2020, enhancing its integration into the "Belt and Road" initiative and domestic international dual circulation strategy[28]. - The company became the first port in China to conduct "bonded mixed ore" operations, partnering with Rio Tinto, and established itself as a key player in the bonded mixed ore market[28]. - The company launched its first foreign trade export liner route at the automobile terminal, significantly enhancing its international service capabilities[28]. - The company is focusing on the construction of the "Northeast Asia Shipping Center" and aims to strengthen its position as a key player in cross-border economic cooperation[32]. - The company has maintained a 100% market share in the automobile roll-on/roll-off industry in Northeast China for eight consecutive years[31]. - The company is actively developing its mixed ore business and aims to establish a Northeast Asia iron ore blending center to support its logistics operations[31]. - The company is enhancing its logistics services to reduce overall logistics costs for customers and improve service levels[31]. Future Strategies and Risks - The company has outlined its future development strategies and potential risks in the report[6]. - The company plans to optimize resource allocation and collaborate with upstream and downstream industries to navigate challenges posed by the ongoing pandemic and global economic conditions[32]. - The company faces significant risks in 2021, including uncertainties in global economic development and increased competition from nearby ports[120]. - The company is focusing on product innovation and service expansion to strengthen its competitive position in the logistics industry[34]. - The company aims to leverage its comprehensive advantages to provide integrated solutions in logistics, trade, and finance for its clients[35]. Environmental Compliance - The company has confirmed that all pollutants from its operations meet national and local discharge standards[163]. - The total wastewater discharge from the Dalian Port Oil Products Terminal was 80,737 tons, with no exceedances in pollutant discharge standards[164]. - The Dalian Port Bulk Cargo Terminal reported a total wastewater discharge of 21,320 tons, also with no exceedances in pollutant discharge standards[166]. - Dalian Port Railway Company reported a total wastewater discharge of 15,599.5 tons in 2020, with COD at 0.256 mg/L, ammonia nitrogen at 0.0032 mg/L, total phosphorus at 0.00215 mg/L, and oil content at 0.00426 mg/L, adhering to local discharge standards[177]. - The hazardous waste disposal amount for Dalian Port Railway Company in 2020 was 8.26 tons, indicating compliance with waste management regulations[178]. - All construction projects by the company have received necessary environmental approvals, achieving a 100% compliance rate with environmental protection regulations[179]. - The company has implemented measures to control dust emissions during loading and storage, including fully enclosed conveyor belts and dust suppression techniques[178]. Shareholder Information - The total number of ordinary shares of the company remains unchanged at 22,623,429,453 shares as of the report date[182]. - The total number of ordinary shareholders at the end of the reporting period is 170,465, a decrease from 290,935 at the end of the previous month[185]. - The largest shareholder, Dalian Port Group Co., Ltd., holds 5,310,255,162 shares, representing 41.18% of the total shares[186]. - Hong Kong Central Clearing Limited, as a major shareholder, increased its holdings by 837,512,852 shares, totaling 5,156,808,930 shares or 39.99%[186]. - The company has no convertible bonds or significant changes in its environmental information disclosure during the reporting period[181]. Investments and Projects - The total planned investment for the ore-specific terminal No. 4 stockyard project is CNY 520 million, with CNY 1.7984 million invested this year and a cumulative investment of CNY 419.4933 million, achieving 81% project progress[106]. - The Daqiao Bay Phase II berths 13-16 project has a planned investment of CNY 3.783 billion, with CNY 643,200 invested this year and a cumulative investment of CNY 2.3331591 billion, achieving 93% project progress, generating a revenue of CNY 200 million from the transfer of berths 13 and 14[106]. - The new port berths 18-21 project has a planned investment of CNY 413.77 million, with a negative investment of CNY 70,700 this year and a cumulative investment of CNY 351.5163 million, achieving 86% project progress, currently in the construction phase with no revenue[106]. - The total investment across all projects amounts to CNY 4.71677 billion, with CNY 2.3709 million invested this year and a cumulative investment of CNY 3.1041687 billion[106].

Financial Performance - Net profit attributable to shareholders of the listed company for the first nine months was CNY 711.08 million, an increase of 31.48% year-on-year [4]. - Basic earnings per share for the first nine months were CNY 0.055145, reflecting a growth of 31.48% year-on-year [4]. - The company reported a decrease in operating revenue for the first nine months, totaling CNY 4.89 billion, down by 0.32% year-on-year [4]. - Operating cash flow for the first nine months reached CNY 1.40 billion, representing a significant increase of 51.84% compared to the same period last year [3]. - The weighted average return on equity increased to 3.71%, up by 0.81 percentage points from the previous year [4]. - Other income for the first three quarters was RMB 68,528,009.28, up 42.76% year-over-year, mainly from government subsidies received [19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 34.53 billion, a decrease of 1.61% compared to the end of the previous year [3]. - As of September 30, 2020, the company's trading financial assets amounted to RMB 1,656,445,773.15, an increase of 443.18% compared to the beginning of the year, primarily due to the net increase in structured deposits [9]. - Accounts receivable reached RMB 2,058,006,511.47, reflecting a growth of 55.58% year-to-date, mainly due to unbilled revenue from crude oil storage services [10]. - The company's inventory decreased by 35.87% to RMB 67,375,093.41, attributed to the sale of inventory goods [11]. - Contract liabilities increased by 130.86% to RMB 79,178,709.98, driven by an increase in prepaid port miscellaneous fees [15]. - Long-term receivables grew by 100% to RMB 54,645,260.84, mainly due to new external loans [14]. - Short-term borrowings decreased by 69.83% to RMB 150,129,166.67, primarily due to the repayment of bank loans [14]. Shareholder Information - The total number of shareholders at the end of the reporting period was 170,862 [7]. - The largest shareholder, Dalian Port Group Co., Ltd., held 41.18% of the shares [7]. Impairment and Other Financial Issues - The company reported a net loss from credit impairment of RMB 27,402,093.98, an increase of 622.72% compared to the previous year [21]. - Non-recurring gains and losses included government subsidies amounting to CNY 35.81 million for the first nine months [5]. Future Plans and Developments - The company plans to merge with Yingkou Port by issuing A-shares to its shareholders, with the approval process currently underway [29]. - The company has not disclosed any new product or technology developments in this report [6].