证券代码：603167 证券简称：渤海轮渡 公告编号：2020-056 渤海轮渡集团股份有限公司 关于参加山东辖区上市公司 2020 年度 投资者网上集体接待日活动的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，渤海轮渡集团股份有限公司（以下简 称"公司"）拟定于 2020 年 9 月 29 日参加山东证监局、山东上市公司协会 与深圳市全景网络有限公司联合举办的"山东辖区上市公司 2020 年度投资者网 上集体接待日"活动，现将有关事项公告如下： 一、活动时间 2020 年 9 月 29 日（星期二）15:00-16:55 二、活动方式 本次集体接待日活动将采取网络远程的方式举行，投资者可以登录"全 景·路演天下"（http://rs.p5w.net）参与本次活动。 三、参加人员 届时，公司董事会秘书宁武先生、证券部部长周彬先生将参与本次投资者 网上集体接待日活动，与投资者进行在线交流，欢迎广大投资者积极参与。 特此公告。 渤海轮渡集团股份有限公司董事会 2020 年 9 月 26 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately RMB 498.50 million, a decrease of 38.68% compared to RMB 812.94 million in the same period last year[15]. - The net profit attributable to shareholders of the listed company was RMB 1.25 million, down 99.54% from RMB 271.00 million in the previous year[15]. - The net cash flow from operating activities was RMB 57.65 million, a decline of 79.17% compared to RMB 276.76 million in the same period last year[15]. - The total profit amounted to CNY 30.06 million, reflecting a significant decline of 91.90% compared to the previous year[28]. - The company reported a net loss of approximately 190.60 million for the current period, compared to a loss of 283.68 million in the previous period, indicating an improvement in financial performance[111]. - The company reported a total comprehensive income of CNY 251.70 million for the current period[116]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 5.09 billion, down 4.81% from RMB 5.35 billion at the end of the previous year[15]. - The company's total liabilities as of June 30, 2020, were CNY 1,664,497,871.97, down from CNY 1,794,467,152.49 at the end of 2019, indicating a reduction in financial obligations[88]. - Current assets decreased to CNY 591,298,593.62 from CNY 1,502,389,168.15, reflecting a significant decline in liquidity[86]. - The company's equity attributable to shareholders decreased to CNY 3,243,593,874.20 from CNY 3,395,379,529.99, reflecting a decline in shareholder value[88]. - Long-term borrowings rose to CNY 928,564,572.60 from CNY 891,407,320.30, indicating increased reliance on debt financing[88]. Revenue and Cost Management - The company achieved operating revenue of CNY 498.50 million in the first half of 2020, a year-on-year decrease of 38.68%[28]. - Total operating costs for the first half of 2020 were ¥508,158,794.11, down from ¥599,855,921.03 in the first half of 2019, reflecting a reduction of 15.2%[94]. - The company implemented a proactive pricing strategy to stabilize market share and improve revenue amidst challenging market conditions[29]. Investments and Expansion - The company established Bohai Hengtong Ferry Co., Ltd. in partnership with logistics companies to enhance its cargo transport capabilities and expand service coverage across key regions[22]. - The company plans to invest 41,404.40 million RMB in the construction of two 2700-meter multi-purpose roll-on/roll-off ships[43]. - The company acquired 66.67% of Weihei Haida Passenger Transport Co., enhancing its operational capacity and expanding its route network[30]. Shareholder and Equity Information - The employee stock ownership plan completed the purchase of 10,824,696 shares, accounting for approximately 2.19% of the total share capital, with a total transaction amount of approximately RMB 114.53 million[57]. - The company did not propose any profit distribution or capital reserve fund transfer plan for the half-year period[52]. - The total equity attributable to the parent company at the end of the reporting period was CNY 3,389,031,902.90, a decrease of CNY 148,880,482.41 compared to the previous period[112]. Risk Management and Compliance - There are no significant risks or non-operating fund occupation issues reported by the company[5]. - The company emphasizes strict safety measures to mitigate maritime transportation risks, which remain a primary concern[48]. - The company has not faced any penalties for environmental violations during the reporting period[64]. Accounting Policies and Financial Reporting - The company prepares financial statements based on the going concern assumption and adheres to the accounting standards issued by the Ministry of Finance[121]. - The financial statements accurately reflect the company's financial position, operating results, changes in equity, and cash flows[124]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[129]. Credit Risk and Receivables Management - The company assesses credit risk on each reporting date to determine if there has been a significant increase in credit risk since initial recognition, adjusting loss provisions as necessary[147]. - The expected loss rates for receivables are set at 1% for 4-12 months, 5% for 1-2 years, 25% for 2-3 years, and 100% for over 3 years[150]. - The company categorizes receivables into different groups based on common risk characteristics for assessing expected credit losses, including bank acceptance bills and commercial acceptance bills[149]. Environmental and Energy Management - The company has implemented an energy management system to reduce energy consumption and ensure compliance with national standards for emissions[65]. - The company has achieved "zero discharge" for solid pollutants and oily wastewater, with all waste handled by recognized disposal units[65].

2020 年第一季度报告 公司代码：603167 公司简称：渤海轮渡 渤海轮渡集团股份有限公司 2020 年第一季度报告 1 / 26 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 26 本报告期末 上年度末 本报告期末比上 年度末增减(%) 总资产 5,363,533,083.80 5,349,216,219.65 0.27 归属于上市公司股东的净资产 3,346,910,031.19 3,395,379,529.99 -1.43 年初至报告期末 上年初至上年报告 期末 比上年同期增减 (%) 经营活动产生的现金流量净额 -14,824,945.00 174,339,831.29 -108.50 年初至报告期末 上年初至上年报告 期末 比上年同期增减 （%） 营业收入 206,823,416.71 374,023,084.37 -44.70 归属于上市公司股东的净利润 -52,788,084.00 182, ...

Financial Performance - The company's operating revenue for 2019 was approximately RMB 1.66 billion, a slight decrease of 0.32% compared to RMB 1.67 billion in 2018[20]. - The net profit attributable to shareholders for 2019 was approximately RMB 410.30 million, representing an increase of 2.38% from RMB 400.74 million in 2018[20]. - The net profit after deducting non-recurring gains and losses was approximately RMB 259.84 million, which is an increase of 8.07% compared to RMB 240.43 million in 2018[20]. - The net cash flow from operating activities for 2019 was approximately RMB 566.76 million, reflecting a growth of 9.65% from RMB 516.86 million in 2018[20]. - The total assets at the end of 2019 amounted to approximately RMB 5.35 billion, an increase of 7.42% from RMB 4.98 billion at the end of 2018[21]. - The net assets attributable to shareholders at the end of 2019 were approximately RMB 3.40 billion, a decrease of 1.41% from RMB 3.44 billion at the end of 2018[21]. - The basic earnings per share for 2019 were RMB 0.87, up 4.82% from RMB 0.83 in 2018[22]. - The weighted average return on equity for 2019 was 12.27%, an increase of 0.16 percentage points from 12.11% in 2018[22]. Quarterly Performance - The company's total revenue for Q1 was approximately ¥374 million, Q2 was ¥439 million, Q3 was ¥460 million, and Q4 was ¥390 million, showing a quarterly fluctuation in revenue[24]. - The net profit attributable to shareholders for Q1 was approximately ¥182 million, Q2 was ¥89 million, Q3 was ¥73 million, and Q4 was ¥66 million, indicating a decline in profitability over the quarters[24]. - The net profit after deducting non-recurring gains and losses for Q1 was approximately ¥71 million, Q2 was ¥80 million, Q3 was ¥70 million, and Q4 was ¥39 million, reflecting a significant drop in Q4[24]. - The net cash flow from operating activities for Q1 was approximately ¥174 million, Q2 was ¥102 million, Q3 was ¥165 million, and Q4 was ¥125 million, showing variability in cash generation[24]. Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to approximately ¥172 million in 2019, which contributed to its non-recurring gains[26]. - The total non-recurring gains for 2019 amounted to approximately ¥150 million, compared to ¥160 million in 2018, indicating a slight decrease year-over-year[27]. Business Operations and Capacity - The company operates nine large roll-on/roll-off vessels with a total tonnage of 250,000 tons and a total vehicle lane length of 20,000 meters, highlighting its capacity in the passenger and cargo transportation sector[32]. - The company completed a vehicle transport volume of 814,800 vehicles and a passenger transport volume of 2.83 million people in 2019[40]. - The international passenger and cargo transport business showed positive momentum, with a total passenger volume of 190,000 and a container volume of 40,000 TEU[41]. Strategic Initiatives and Future Plans - The company has established joint ventures to enhance its logistics capabilities, including a partnership for multi-modal transport services, which aims to connect various regions and improve service reach[33]. - The company has expanded its business model to include financing leasing services, enhancing its financial capabilities and promoting sustainable growth[33]. - The cruise business has been developed with the operation of the "China Mount Tai" cruise ship, which serves multiple international routes, contributing to the company's diversification strategy[33]. - The company plans to explore the establishment of a shale oil export system to expand its fuel supply business[41]. - The company aims to achieve a sales revenue of 1.82 billion yuan in 2020, focusing on safety and efficiency[73]. Risk Management and Compliance - The company has outlined potential risks in its future development, which are detailed in the report[7]. - The company has committed to strict compliance with laws and regulations, ensuring no illegal occupation of funds or assets[84]. - The company has implemented changes in accounting policies, including the separation of "receivables" into "notes receivable" and "accounts receivable," with the previous year's balance for "accounts receivable" at ¥21,133,501.37[86]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 4.00 per 10 shares to shareholders, pending approval at the shareholders' meeting[5]. - The cash dividend payout ratio for 2019 is set at a minimum of 20% of the distributable profits[78]. - The total cash dividends distributed in 2019 amount to ¥189,122,641.20, representing 46.09% of the net profit attributable to ordinary shareholders[81]. Environmental and Social Responsibility - The company has not faced any penalties for environmental violations during the reporting period and adheres to various environmental protection laws[110]. - The company has implemented an energy management system to effectively reduce energy consumption and ensure compliance with national emission standards[110]. - The company has established a "zero discharge" policy for solid pollutants and oily wastewater, ensuring all waste is handled by recognized disposal units[110]. Corporate Governance - The board of directors and senior management's remuneration is determined based on operational efficiency and safety management assessments[144]. - The company has established a robust safety management team through strict implementation of job specifications and clear safety management responsibilities for crew members[150]. - The company has made significant improvements in its corporate governance structure, aligning with the requirements of the Company Law and relevant regulations[150].

2019 年第三季度报告 公司代码：603167 公司简称：渤海轮渡 渤海轮渡集团股份有限公司 2019 年第三季度报告 1 / 31 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2019 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人孙厚昌、主管会计工作负责人薛锋及会计机构负责人（会计主管人员）王光辉保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 31 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 5,163,219,887.41 4,979,688,647.29 3.69 归属于上市公司股东的 净资产 3, ...

Financial Performance - The company's operating revenue for the first half of 2019 was RMB 812,944,110.31, representing a 3.89% increase compared to RMB 782,538,796.47 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was RMB 271,001,082.24, up 6.55% from RMB 254,352,996.93 year-on-year[16]. - The net cash flow from operating activities increased by 9.83% to RMB 276,763,887.34, compared to RMB 251,997,061.63 in the previous year[16]. - The total profit for the first half of 2019 was 371.06 million yuan, reflecting a year-on-year growth of 8.32%[29]. - The net profit after deducting non-recurring gains and losses was RMB 150,739,247.83, down 9.54% from RMB 166,628,757.16 in the same period last year[16]. - The company reported a total of RMB 120,261,834.41 in non-recurring gains and losses during the reporting period[19]. - The total comprehensive income for the first half of 2019 was ¥251,703,865.44, an increase from ¥210,981,359.19 in the same period of 2018, reflecting a growth of approximately 19.4%[97]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 4,796,203,773.41, a decrease of 3.68% from RMB 4,979,688,647.29 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company decreased by 5.84% to RMB 3,242,925,677.40 from RMB 3,444,071,165.93 at the end of the previous year[16]. - The company's total liabilities include significant foreign currency borrowings, with a total of RMB 1.17 billion in foreign currency loans as of June 30, 2019[44]. - The total liabilities increased significantly, indicating potential leverage concerns moving forward[106]. - The total liabilities at the end of the reporting period were CNY 1,617,080,181.17, reflecting a stable financial position[110]. Shareholder Information - Basic earnings per share for the first half of 2019 were RMB 0.56, an increase of 5.66% from RMB 0.53 in the same period last year[17]. - The employee stock ownership plan has acquired a total of 10,824,696 shares, representing approximately 2.19% of the company's total share capital, at an average price of RMB 10.58 per share, totaling RMB 114,525,283.68[53]. - The company reported a total of CNY 472,806,603.00 in capital contributions from owners during the current period[110]. - The total equity attributable to the parent company at the end of the period was 3,599,192,744.10 CNY, compared to 3,594,021,527.52 CNY at the end of the previous year, showing a slight increase[106]. Operational Developments - The company operates 9 large roll-on/roll-off vessels with a total tonnage of 250,000 tons, 20,000 meters of lane length, and 15,000 passenger capacity[21]. - The company has established a joint venture for cargo roll-on/roll-off transport, enhancing its logistics capabilities and service radius[22]. - The company has expanded its cruise business, operating the "Chinese Taishan" cruise ship on multiple routes, contributing to tourism and regional development[22]. - The company aims to integrate upstream and downstream services in the roll-on/roll-off transport sector, with fuel costs accounting for over 30% of total costs[24]. Cash Flow and Investments - Cash inflows from operating activities amounted to ¥965,413,541.63, compared to ¥882,488,070.87 in the first half of 2018, representing an increase of about 9.4%[99]. - Cash and cash equivalents at the end of the period reached ¥337,027,191.03, compared to ¥261,208,940.49 at the end of the first half of 2018, reflecting an increase of approximately 29%[101]. - The company reported a net cash flow from investment activities of ¥300,912,153.86, a turnaround from a negative cash flow of ¥74,613,488.27 in the first half of 2018[100]. - The company received cash from sales of goods and services amounting to ¥822,576,343.12, an increase from ¥772,944,149.11 in the same period of 2018, representing a growth of approximately 6.4%[99]. Risk Factors - The company faces risks related to maritime safety, market expansion, interest rates, and exchange rates, which could impact future operations[43][44]. - A 100 basis point change in floating interest rates could result in a net profit fluctuation of RMB 4.96 million[44]. - A 1% appreciation or depreciation of the RMB against the USD could lead to a net profit change of RMB 5.14 million[45]. Compliance and Governance - The company has not received any penalties or corrective actions related to its directors, supervisors, or senior management during the reporting period[51]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[124]. - The financial statements reflect the company's financial position, operating results, and changes in equity accurately, in compliance with relevant regulations[126]. Accounting Policies - The company reported a change in accounting policies, resulting in an increase of 116,236,320.42 CNY in non-current financial assets[63]. - The company implemented new financial instrument standards effective January 1, 2019, affecting the classification and measurement of financial instruments[64]. - The company does not report any significant accounting errors that required retrospective restatement during the reporting period[64].

2019 年第一季度报告 公司代码：603167 公司简称：渤海轮渡 渤海轮渡集团股份有限公司 2019 年第一季度报告 1 / 26 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2019 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年 | | | --- | --- | --- | --- | --- | | | | | 度末增减(%) | | | 总资产 | 5,022,976,677.27 | 4,979,688,647.29 | | 0.87 | | 归属于上市公司股东的净资产 | 3,519,070,609.93 | 3,444,071,165.93 | | 2.18 | | | 年 ...

Financial Performance - The company's operating revenue for 2018 was approximately RMB 1.67 billion, representing a year-on-year increase of 10.41% compared to RMB 1.51 billion in 2017[20]. - The net profit attributable to shareholders for 2018 was approximately RMB 400.74 million, reflecting a growth of 10.50% from RMB 362.67 million in 2017[20]. - The total profit reached 552.50 million yuan, reflecting a growth of 6.47% compared to the previous year[35]. - The company reported a decrease of 10.16% in net profit after deducting non-recurring gains and losses, amounting to approximately RMB 240.43 million in 2018[20]. - The company achieved total operating revenue of RMB 1,668.18 million, a year-on-year increase of 10.41%[42]. - The net profit attributable to shareholders reached RMB 400.74 million, up 10.50% compared to the previous year[42]. - The company reported a profit available for distribution to ordinary shareholders, but did not propose a cash profit distribution plan[83]. - The company’s total profit for 2018 was RMB 493,588,953.64, a decrease of 4.3% from RMB 515,615,248.95 in the previous year[188]. Assets and Liabilities - The total assets at the end of 2018 reached approximately RMB 4.98 billion, marking a 13.35% increase from RMB 4.39 billion at the end of 2017[21]. - The net assets attributable to shareholders at the end of 2018 were approximately RMB 3.44 billion, an increase of 6.27% from RMB 3.24 billion at the end of 2017[21]. - Total liabilities grew by 30.12% to RMB 1,385.67 million[42]. - Total assets increased to CNY 4,979,688,647.29 from CNY 4,393,163,430.14, representing a growth of approximately 13.3% year-over-year[176]. - Total liabilities amounted to CNY 1,385,667,119.77, up from CNY 1,064,942,447.06, marking a growth of around 30.1%[177]. Cash Flow - The cash flow from operating activities for 2018 was approximately RMB 516.86 million, a decrease of 5.59% from RMB 547.46 million in 2017[20]. - The net cash flow from operating activities for the year was approximately 516 million RMB, with quarterly cash flows of 107.2 million, 144.8 million, 170.6 million, and 94.2 million RMB[23]. - The operating cash flow for 2018 was RMB 516,860,374.26, a decrease of 5.6% from RMB 547,457,109.21 in the previous year[190]. - Cash outflow from financing activities totaled ¥358,002,148.75, which is significantly higher than the previous year's ¥120,350,000.00[195]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 6.00 per 10 shares, subject to shareholder approval[5]. - The cash dividend payout ratio for 2018 is projected to be 71.89% of the net profit attributable to ordinary shareholders[82]. - The company has a stable profit distribution policy, ensuring a minimum cash dividend of 20% of distributable profits when profitable[79]. - The company reported a profit distribution of ¥202,409,743.83, which includes dividends and other distributions to shareholders[200]. Strategic Initiatives and Business Expansion - The company established a joint venture for cargo roll-on/roll-off transport, enhancing its service radius and logistics capabilities in collaboration with partners[29]. - The company aims to integrate upstream and downstream services in the roll-on/roll-off transport sector, enhancing its competitive strength and operational efficiency[30]. - The company plans to enter the marine fuel sales market, which is expected to significantly reduce operational costs and enhance profitability[30]. - The company plans to construct 4 to 6 multi-purpose roll-on/roll-off vessels for domestic cargo transportation, enhancing its market position in the Bohai Bay area[71]. - The company is actively exploring new routes, including a joint venture framework agreement with Thailand for ferry services, accelerating its entry into the Southeast Asian market[41]. Financing and Investments - The company has expanded its financing leasing business to provide funding platforms for domestic and international clients, promoting synergy between finance and operations[29]. - The financing leasing company successfully raised approximately 260 million yuan at low interest rates for the construction of new roll-on/roll-off ships, saving 6.8 million yuan in construction costs[37]. - The company invested RMB 200 million in the CITIC Renminbi PE Fund, with RMB 110 million already contributed by June 2018[39]. - The company has invested 220,000,000.00 RMB in structured bank deposits and 650,000,000.00 RMB in broker financial products[98]. Operational Efficiency and Market Position - The company maintains a leading market position in the Bohai Bay roll-on/roll-off transportation industry, with the highest passenger and vehicle transport volume and market share among similar enterprises in the last three years[65]. - The company’s domestic cargo and passenger transport market coverage has significantly expanded, particularly on the Longlv and Penglv routes[36]. - The company is positioned to benefit from the development of the Shandong Peninsula Blue Economic Zone, which is expected to drive demand for roll-on/roll-off transportation services[66]. - The company aims to enhance its risk management capabilities and optimize internal management to improve core competitiveness in the financing leasing sector[70]. Employee and Management Structure - The company employed a total of 1,806 staff, with 1,156 in the parent company and 650 in major subsidiaries[145]. - The company has established a robust safety management team through strict implementation of job specifications and clear safety management responsibilities for crew members[150]. - The total remuneration for directors, supervisors, and senior management in 2018 amounted to CNY 16.2722 million[142]. - The management team has a strong background in finance and operations, which supports the company's growth and market expansion strategies[136]. Environmental and Social Responsibility - The company has not encountered any major accounting errors during the reporting period[87]. - The company has established a zero discharge policy for solid pollutants and oily wastewater, ensuring all waste is handled by recognized disposal units[106]. - The company has actively participated in community service and public welfare activities, receiving public praise[101]. - The company has implemented an energy management system to ensure compliance with national and industry standards for fuel procurement[106]. Audit and Compliance - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2018[163]. - The internal control self-assessment report for 2018 was disclosed on March 29, 2019, indicating no significant deficiencies[159]. - The company has maintained a high level of information disclosure, with no regulatory criticisms or penalties for disclosure violations during the reporting period[152].

Financial Performance - Operating revenue for the first nine months increased by 11.36% to CNY 1,274,465,838.12 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 9.67% to CNY 323,634,346.78 compared to the same period last year[6]. - Basic and diluted earnings per share decreased by 9.46% to CNY 0.67[7]. - The company reported a total of ¥1,274,465,838.12 in operating revenue for the first nine months of 2018, compared to ¥1,144,456,116.91 in the same period last year, marking a growth of 11.4%[29]. - The net profit for Q3 2018 was approximately ¥100.62 million, a decrease from ¥109.00 million in Q3 2017, reflecting a decline of about 3.5%[35]. - Total comprehensive income attributable to the parent company for Q3 2018 was approximately ¥69.28 million, down from ¥120.01 million in the same period last year, a decrease of about 42.2%[31]. Assets and Liabilities - Total assets increased by 10.14% to CNY 4,838,416,048.71 compared to the end of the previous year[6]. - Total liabilities increased to CNY 1,357,015,538.24 from CNY 1,064,942,447.06, representing a rise of about 27.5%[23]. - Total non-current assets reached CNY 3,470,864,312.50, up from CNY 3,303,575,749.44, indicating an increase of about 5.1%[22]. - Long-term borrowings increased by 39.75% to RMB 874,647,088.00 due to new Euro loans taken by Tianjin Bohai Ferry Leasing Co., Ltd.[15]. - The total liabilities increased to ¥780,359,425.61 from ¥443,122,730.64 at the beginning of the year, reflecting a growth of 76%[26]. Cash Flow - Net cash flow from operating activities decreased by 2.82% to CNY 422,623,309.33 compared to the same period last year[6]. - Cash inflow from operating activities for the first nine months reached ¥1,391,965,013.34, an increase of 5.4% compared to ¥1,320,102,789.12 in the previous year[37]. - Investment activities generated a net cash flow of -¥534,496,159.93, worsening from -¥271,873,159.41 in the previous year[38]. - Cash inflow from financing activities totaled ¥473,621,040.00, an increase of 79.2% compared to ¥264,493,360.00 in the prior year[38]. - The cash and cash equivalents at the end of the period decreased to ¥227,144,248.56 from ¥461,673,856.33, reflecting a decline of 50.7% year-on-year[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,516[11]. - The largest shareholder, Liaoyu Group Co., Ltd., holds 37.13% of the shares[11]. - Shareholders' equity increased to CNY 3,481,400,510.47 from CNY 3,328,220,983.08, indicating a growth of about 4.6%[23]. Operational Changes - Accounts receivable and accounts payable increased by 79.98% to RMB 30,826,649.05 due to increased receivables from Yantai Port[13]. - Prepayments surged by 323.13% to RMB 10,792,372.91 primarily due to increased fuel prepayments by the subsidiary Dalian Bohai Ferry Fuel Co., Ltd.[13]. - Inventory rose by 54.31% to RMB 64,778,620.51, attributed to increased fuel oil inventory at Dalian Bohai Ferry Fuel Co., Ltd.[14]. - Financial expenses rose significantly by 459.13% to RMB 50,590,003.72, mainly due to exchange losses from USD loans[17]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[36].

Financial Performance - The company's operating revenue for the first half of 2018 was approximately RMB 782.54 million, representing an increase of 11.36% compared to RMB 702.69 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company was approximately RMB 254.35 million, up 6.76% from RMB 238.25 million year-on-year[18]. - Basic earnings per share for the first half of 2018 were RMB 0.53, an increase of 8.16% from RMB 0.49 in the same period last year[19]. - Total profit reached 342.55 million yuan, up by 3.52% compared to the previous year[30]. - The company reported a revenue of CNY 782.54 million, an increase of 11.36% compared to the previous year[34]. - The company’s net profit for the first half of 2018 was CNY 210,981,359.19, a decrease of 14.7% compared to CNY 247,467,761.57 in the same period last year[108]. - The total comprehensive income for the current period was CNY 246,282,906.19, with a significant contribution from net profit[123]. Cash Flow and Investments - The net cash flow from operating activities decreased by 12.17% to RMB 251.99 million, down from RMB 286.92 million in the previous year[18]. - Cash flow from operating activities generated a net amount of CNY 251,997,061.63, a decline of 12.1% compared to CNY 286,923,716.29 in the prior period[111]. - The company reported a net cash outflow from investing activities of CNY 74,613,488.27, an improvement from a net outflow of CNY 270,429,776.35 in the previous year[112]. - The company received CNY 73,595,040.00 from investment contributions, significantly higher than CNY 9,600,000.00 in the same period last year[112]. - The company’s total investment in Tianjin Bohai Ferry Financing Leasing Co., Ltd. increased by RMB 300 million, with RMB 140 million already paid[43]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 4.43 billion, a slight increase of 0.92% from RMB 4.39 billion at the end of the previous year[18]. - The company’s total assets and liabilities as of June 30, 2018, are reported in the financial statements[93]. - Total liabilities increased to ¥790,683,939.97 from ¥443,122,730.64, marking a significant rise of 78.5%[101]. - Total liabilities decreased from CNY 1,064,942,447.06 to CNY 1,030,189,325.99, a reduction of approximately 3.3%[97]. - The company’s inventory increased by 59.01% to CNY 66.75 million, primarily due to increased fuel stock[38]. Shareholder and Equity Information - The largest shareholder, Liaoyu Group Co., Ltd., holds 182,754,805 shares, representing 37.05% of the total shares[82]. - The company implemented a restricted stock incentive plan, granting 11,832,000 shares at a price of 6.22 RMB per share[85]. - The total number of unrestricted shares is 481,400,000, accounting for 97.60% of total shares[75]. - The company has not reported any impact on financial metrics such as earnings per share or net assets due to share changes during the reporting period[77]. - The company distributed dividends totaling CNY 192,560,000.00 during the current period, compared to CNY 122,561,223.28 in the previous period, representing a 57.1% increase[120]. Operational Highlights - Domestic roll-on/roll-off transportation completed vehicle transport volume of 311,100 vehicles and passenger transport volume of 1,299,700 people[30]. - The cruise segment achieved a passenger volume of 14,500 during the reporting period, with new routes opened from Sanya to Manila and Da Nang[31]. - The company is the largest and most comprehensive roll-on/roll-off transportation enterprise in China, with vehicle freight income accounting for approximately 60% of total revenue[23]. Risk Management and Compliance - The company has outlined potential risks in its future development, which are detailed in the report[7]. - The company faces risks related to maritime safety, including adverse weather conditions and other unforeseen events that could impact operations[50]. - The company has committed to strict safety production measures, achieving a stable safety record since its establishment[50]. - The company has not been penalized for any violations of environmental regulations during the reporting period[69]. Accounting and Financial Reporting - The company has adopted new accounting standards effective January 1, 2018, impacting the classification and measurement of financial instruments[72]. - The financial statements have been prepared in accordance with the applicable accounting standards, ensuring transparency and accuracy[137]. - The company recognizes the share of profits and losses from joint operations according to relevant accounting standards[148]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[123]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[135].