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]

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].