Financial Performance - The company's operating revenue for 2021 was approximately RMB 1.40 billion, representing a year-on-year increase of 20.06% compared to RMB 1.17 billion in 2020[20]. - The net profit attributable to shareholders for 2021 was approximately RMB 201.54 million, an increase of 48.10% from RMB 136.09 million in 2020[20]. - The basic earnings per share for 2021 was RMB 0.43, up 48.28% from RMB 0.29 in 2020[21]. - The total revenue for 2021 reached CNY 1.40 billion, representing a year-on-year increase of 20.06%, while the total profit amounted to CNY 317.10 million, up 34.59% from the previous year[28]. - The company reported a net profit attributable to shareholders of CNY 201.54 million for 2021, reflecting a significant increase of 48.10% compared to 2020[28]. - The company achieved total operating revenue of CNY 1,400,817,023.76, a year-on-year increase of 20.06%[39]. - Net profit attributable to shareholders reached CNY 201,538,700, an increase of 48.10% compared to the previous year[38]. - The company reported a significant increase in accounts receivable, rising by 254.98% to ¥97.48 million from ¥27.46 million in the previous period[49]. - The company’s total inventory increased by 70.76% to ¥119.13 million from ¥69.77 million in the previous period[49]. Cash Flow and Assets - The net cash flow from operating activities for 2021 was approximately RMB 301.03 million, a decrease of 23.80% compared to RMB 395.05 million in 2020[20]. - The total assets at the end of 2021 were approximately RMB 5.10 billion, a decrease of 2.99% from RMB 5.26 billion at the end of 2020[20]. - The company’s total liabilities decreased by 20.43% to CNY 1,331,404,500, resulting in an asset-liability ratio of 26.10%[38]. - Cash and cash equivalents decreased by 11.47% to ¥155.89 million from ¥176.09 million at the end of the previous period[49]. - The company’s long-term equity investments rose by 8.31% to ¥42.81 million from ¥39.52 million at the end of the previous period[49]. - The company’s retained earnings increased from RMB 1,703,342,336.94 in 2020 to RMB 1,853,122,098.54 in 2021, an increase of about 8.8%[183]. Operational Highlights - The company completed a total vehicle transport volume of 677,700 trips and passenger transport volume of 1.56 million in 2021, showcasing operational capacity[29]. - The company implemented a strategic shift to online ticket sales, enhancing customer acquisition and reducing reliance on traditional ticket agents[29]. - The company operates 9 large roll-on/roll-off vessels with a total tonnage of 275,900 tons, 20,800 meters of total lane length, and 15,700 passenger capacity[35]. - Vehicle freight revenue accounts for approximately 65% of the total revenue from the roll-on/roll-off transportation business[35]. - The company is leveraging the geographical advantage of Yantai to enhance international roll-on/roll-off transportation, with South Korea being a key trade partner[34]. Cost and Expenses - The operating costs for 2021 were CNY 1.05 billion, which is a 10.12% increase year-on-year, indicating rising operational expenses[28]. - The company’s fuel costs accounted for over 30% of total costs, with an estimated annual fuel consumption of 90,000 tons[39]. - Fuel costs for passenger and roll-on/roll-off transport increased to ¥290.61 million, accounting for 27.81% of total costs, up 4.55% from the previous year[44]. - The company’s cruise business revenue dropped by 55.12% due to the impact of the COVID-19 pandemic, resulting in a negative gross margin[42]. Strategic Initiatives - The company plans to strengthen its competitive advantage in domestic roll-on/roll-off transport by enhancing customer engagement and market share[29]. - The establishment of Bohai Hengtong Ferry Co., Ltd. aims to create an integrated land-sea multimodal transport model, enhancing logistics and trade service capabilities[36]. - The company is focused on improving fuel procurement channels and storage capacity to ensure stable fuel supply and operational efficiency[31]. - The company plans to expand its international passenger roll-on/roll-off (RoRo) transport market, including new routes from Shandong Peninsula to Incheon, South Korea, and from Guangxi Fangchenggang to Vietnam[67]. Governance and Management - The company has established a long-term mechanism to prevent the controlling shareholder from occupying company funds, ensuring independent operation of the board and supervisory board[76]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws and regulations[77]. - The company has a strong governance structure with a dedicated board secretary and legal advisor, ensuring compliance and oversight[88]. - The company has experienced a transition in its board members, with several new appointments aimed at enhancing strategic capabilities[88]. Risk Management - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section of the report[8]. - The company recognizes potential risks in future business expansion and market development, particularly related to policy changes and competition in the Bohai Bay passenger roll-on/roll-off transport market[71]. - The company faces foreign exchange risk primarily from bank loans denominated in USD, HKD, and EUR, with total foreign currency loans amounting to ¥889,461,969.81 as of December 31, 2021[72]. Social Responsibility and Employee Engagement - The company has actively engaged in social responsibility, providing free COVID-19 testing for over 30,000 drivers and passengers[125]. - The company has implemented a performance-based salary system linked to employee performance and daily conduct, enhancing work motivation and safety awareness[104]. - The company has increased employee wages and provided supplementary medical insurance, free health check-ups, and various health activities[126]. - The company has established support programs for employees in need, including "Five Must Visits" and "Love Assistance Fund" to help them overcome difficulties[126].

Group 1: Event Details - The event is scheduled for November 16, 2021, from 14:00 to 16:00 [1] - The format of the event will be an online interaction with investors [1] - Investors can participate by logging into "全景·路演天下" [1] Group 2: Participants - The company's Secretary of the Board, Mr. Ning Wu, will participate in the event [1] - Securities affairs representative, Mr. Zhou Bin, will also be present for online communication with investors [1] Group 3: Purpose and Assurance - The company aims to enhance interaction and communication with investors [1] - The Board of Directors guarantees the announcement's content is truthful, accurate, and complete [1]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 321,453,936.71, representing a year-on-year increase of 6.93%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 29,325,971.26, a decrease of 63.59% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 14,154,866.51, down 45.08% year-on-year[5] - The basic earnings per share for Q3 2021 was CNY 0.06, a decrease of 64.71% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached RMB 1,008,567,226.16, an increase of 26.2% compared to RMB 799,134,820.90 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥166,398,569.77, representing a 68.5% increase from ¥98,947,994.93 in the first three quarters of 2020[22] - Total profit for the first three quarters of 2021 was ¥236,462,453.98, compared to ¥148,430,386.25 in the same period of 2020, marking a growth of 59.2%[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,034,435,030.36, a decrease of 4.25% from the end of the previous year[6] - As of September 30, 2021, total assets amounted to RMB 5,034,435,030.36, down from RMB 5,258,071,928.43 at the end of 2020, representing a decrease of 4.3%[18] - Total liabilities as of September 30, 2021, were RMB 1,322,609,553.20, a decrease of 21% from RMB 1,673,163,234.84 at the end of 2020[18] - The company's total equity as of September 30, 2021, was RMB 3,711,825,477.16, an increase from RMB 3,584,908,693.59 at the end of 2020, representing a growth of 3.5%[18] - The total cash and cash equivalents at the end of the period were ¥161,703,372.72, down from ¥190,653,429.20 at the end of the same period in 2020[25] - The total liabilities decreased from ¥1,017,407,771.34 to ¥996,301,838.54, indicating a decline of about 2.1%[28] - Total liabilities decreased by 73,847,802.60, from 1,673,163,234.84 to 1,599,315,432.24[29] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 208,480,513.22, down 11.43% year-on-year[6] - Cash inflow from operating activities totaled ¥1,012,252,250.33 for the first three quarters of 2021, compared to ¥906,524,736.06 in the same period of 2020, reflecting a growth of 11.7%[24] - The net cash flow from operating activities for the first three quarters of 2021 was ¥208,480,513.22, a decrease of 11.4% compared to ¥235,372,799.24 in the same period of 2020[25] - Cash inflow from financing activities amounted to ¥693,814,084.60, which is an increase of 265.5% compared to ¥190,019,713.00 in the same period last year[25] - The net cash flow from financing activities was -¥292,725,887.56, an improvement from -¥823,258,528.94 in the previous year, indicating a reduction in cash outflow by approximately 64.4%[25] Investments and Expenses - The company received government subsidies amounting to CNY 21,969,017.96 during the reporting period[8] - The company reported a financial expense of -¥15,672,391.72 in the first three quarters of 2021, a significant improvement from ¥25,652,581.69 in the same period of 2020[21] - Investment income for the first three quarters of 2021 was ¥27,119,201.14, a recovery from a loss of -¥5,095,616.50 in the same period of 2020[21] - Tax expenses for the first three quarters of 2021 amounted to ¥70,063,884.21, an increase from ¥49,482,391.32 in the same period of 2020[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,853[13] - The company's retained earnings increased to RMB 1,799,743,885.24 from RMB 1,703,342,336.94, showing a growth of 5.7%[18] Inventory and Receivables - Accounts receivable increased significantly to RMB 62,943,601.87 from RMB 27,460,524.19, marking a growth of 129%[16] - Inventory levels rose to RMB 105,609,063.37, up from RMB 69,766,401.98, indicating a 51.4% increase[16] Changes in Accounting Standards - The company implemented new leasing standards starting in 2021, which may impact future financial reporting and asset management strategies[26] - The company adopted the new leasing standards effective January 1, 2021, impacting the financial statements[29]

Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 687.11 million, an increase of 37.83% compared to RMB 498.50 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company was RMB 118.83 million, a significant increase of 9,441.50% from RMB 1.25 million in the previous year[18]. - The net cash flow from operating activities was RMB 224.66 million, representing a 289.69% increase from RMB 57.65 million in the same period last year[18]. - The total profit for the period reached 18.46 million RMB, with a remarkable increase of 513.96% compared to the previous year[30]. - The net profit attributable to shareholders was 11.88 million RMB, showing a staggering growth of 9441.50% year-on-year[30]. - The company reported a net profit of RMB 95.12 million after deducting non-recurring gains and losses, compared to a loss of RMB 34.99 million in the same period last year[18]. - The company's weighted average net profit after deducting non-recurring gains and losses increased by 3.81 percentage points to 2.77%[20]. - The company reported a significant increase in minority shareholders' profit to CNY 13,484,825.25 in the first half of 2021 from CNY 7,166,108.28 in the same period of 2020, an increase of 88.5%[107]. Earnings and Shareholder Returns - Basic earnings per share for the first half of 2021 were RMB 0.25, compared to RMB 0.00 in the same period last year[19]. - The diluted earnings per share were also RMB 0.25, reflecting the same trend as basic earnings per share[19]. - The company has not disclosed any plans for profit distribution or capital reserve transfer during this reporting period[4]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[58]. Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of the reporting period were RMB 3.47 billion, up 2.60% from RMB 3.38 billion at the end of the previous year[18]. - The total assets at the end of the reporting period were RMB 5.13 billion, a decrease of 2.48% from RMB 5.26 billion at the end of the previous year[18]. - Cash and cash equivalents increased by 51.14% to ¥266,152,445.54 compared to the previous year[37]. - Accounts receivable rose by 41.92% to ¥38,970,715.29, primarily due to increased transportation revenue[39]. - Prepayments surged by 259.80% to ¥5,674,465.49, mainly for fuel procurement[37]. - Inventory increased by 17.56% to ¥82,016,976.23, attributed to rising fuel prices[39]. - Short-term borrowings increased by 16.38% to ¥287,788,428.01, primarily due to new bank loans[38]. - The company's total assets included overseas assets of ¥792,693,320.82, accounting for 15.46% of total assets[43]. - The total liabilities at the end of the reporting period are 3,472,828,987.00, which is an increase from 3,395,379,529.9 in the previous year, indicating a growth of about 2.3%[122]. Operational Highlights - The company operates the largest roll-on/roll-off (RoRo) transportation business in China, with a fleet of 9 large RoRo vessels totaling 275,900 tons and 20,800 meters of lane space[23]. - Vehicle freight revenue accounts for approximately 65% of the total revenue from the RoRo transportation business[23]. - The acquisition of Weihai Haida Passenger Transport Co., Ltd. has enhanced the company's market competitiveness and coverage in the Bohai Bay RoRo market[23]. - The company has established Bohai Hengtong Ferry Co., Ltd. to expand its cargo RoRo transportation services, enhancing logistics capabilities across regions[24]. - The company completed a vehicle transport volume of 360,800 units and a passenger transport volume of 918,800 people in the first half of 2021[31]. - The company completed a container transport volume of 22,000 TEU on the Yantai to Pyeongtaek international route in the first half of 2021[33]. Strategic Initiatives - The company is actively expanding its financing leasing business to enhance core competitiveness and reduce financing costs[32]. - The company is focusing on the development of the marine transportation logistics industry as part of national strategic initiatives, which is expected to drive market growth[28]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and customer service[104]. - The company is focusing on strategic acquisitions to bolster its competitive position in the market[104]. - The company is exploring potential mergers and acquisitions to strengthen its market position and drive growth[120]. Environmental and Compliance - The company has implemented an energy management system to ensure compliance with national and industry standards for fuel used in its vessels, effectively reducing energy consumption[65]. - The company’s roll-on/roll-off shipping service consumes 64% of the fuel used in road transport, resulting in a significant reduction in harmful emissions[66]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[64]. - The company’s commitment to environmental protection includes a "zero discharge" policy for solid waste and oily wastewater, ensuring all waste is handled by authorized entities[65]. Corporate Governance - The company appointed Feng Wanbin as the new chairman on June 1, 2021, following the retirement of the previous chairman, Sun Houchang[57]. - The company held a second extraordinary general meeting on June 1, 2021, to approve the appointment of a new director[56]. - The company has disclosed a stock incentive plan, which is available for further details on the Shanghai Stock Exchange website[59]. - The employee stock ownership plan purchased 10,824,696 shares, accounting for approximately 2.19% of the total share capital, at an average price of RMB 10.58 per share, totaling RMB 114,525,283.68[61]. Financial Reporting and Standards - The financial statements were approved by the board of directors on August 19, 2021[134]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[140]. - The company evaluates the control transfer in business combinations, recognizing the fair value of assets and liabilities at the acquisition date[147]. - The company consolidates financial statements based on control, including all subsidiaries in the consolidation scope[151]. Risk Management - The company faces risks related to maritime safety and potential impacts from adverse weather conditions and other unforeseen events[49]. - The company has not identified any significant issues that would affect its ongoing operations or financial stability[138].

Financial Performance - Operating revenue increased by 45.56% to CNY 301,054,065.78 year-on-year[5] - Net profit attributable to shareholders was CNY 36,397,822.35, a significant recovery from a loss of CNY 52,788,084.00 in the same period last year[5] - Basic and diluted earnings per share were both CNY 0.08, recovering from a loss of CNY -0.11 in the same period last year[5] - The company's operating revenue for Q1 2021 was CNY 301,054,065.78, representing a 45.56% increase compared to CNY 206,823,416.71 in Q1 2020, primarily due to the gradual easing of COVID-19 impacts[12] - The net profit attributable to shareholders for Q1 2021 was CNY 36,397,800, a significant recovery from a net loss of CNY 52,788,100 in the same period last year[14] - Total operating revenue for Q1 2021 was ¥301,054,065.78, an increase of 45.5% compared to ¥206,823,416.71 in Q1 2020[26] - Net profit for Q1 2021 was ¥40,823,904.68, a significant recovery from a net loss of ¥50,579,538.18 in Q1 2020[27] - Earnings per share for Q1 2021 was ¥0.08, compared to a loss per share of ¥0.11 in Q1 2020[27] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 109,048,046.62, compared to a negative cash flow of CNY -14,824,945.00 in the previous year[5] - The net cash flow from operating activities was CNY 109,048,046.62, a substantial increase of 835.57% compared to a negative cash flow of CNY 14,824,945.00 in Q1 2020, driven by increased revenue[13] - The cash flow from operating activities for Q1 2021 was ¥109,048,046.62, a recovery from a negative cash flow of ¥14,824,945.00 in Q1 2020[33] - The cash inflow from operating activities totaled ¥367,247,193.97 in Q1 2021, a decrease of 64.7% from ¥1,036,944,086.53 in Q1 2020[34] - The cash outflow from operating activities was ¥191,212,490.90 in Q1 2021, down 54.5% from ¥420,810,963.49 in Q1 2020[34] Assets and Liabilities - Total assets decreased by 4.67% to CNY 5,012,604,633.52 compared to the end of the previous year[5] - Current liabilities decreased to ¥791,687,417.38 from ¥1,017,407,771.34, reflecting a reduction of approximately 22.19%[20] - The total liabilities amounted to ¥1,383,499,651.68, down from ¥1,673,163,234.84, which is a decrease of approximately 17.30%[20] - Total liabilities decreased to ¥1,108,845,714.45 as of March 31, 2021, down from ¥1,217,977,053.03 at the end of 2020, a decline of 9.0%[24] - Total assets decreased by 29,056,497.87 RMB, from 4,653,630,604.97 RMB to 4,624,574,107.10 RMB[43] Shareholder Information - The total number of shareholders reached 34,611 by the end of the reporting period[9] - The largest shareholder, Liaoyu Group Co., Ltd., holds 38.74% of the shares, totaling 183,158,705 shares[9] Government Subsidies - The company received government subsidies amounting to CNY 4,520,574.41, which are closely related to its normal business operations[8] Financial Expenses - Financial expenses decreased by 127.84% to -CNY 6,207,924.34 from CNY 22,296,038.23, mainly due to increased foreign exchange gains during the reporting period[13] - The company recorded a financial expense of -¥6,207,924.34 in Q1 2021, a significant improvement compared to ¥22,296,038.23 in Q1 2020[26] Inventory and Receivables - Accounts receivable decreased by 74.50% to CNY 7,001,195.28 from CNY 27,460,524.19, mainly due to the recovery of transportation ticket payments during the reporting period[11] - The company reported a total of ¥12,998,893.54 in inventory, down from ¥14,257,952.79, which is a decrease of approximately 8.84%[23] Future Outlook - The company expects continued growth in production and operations in Q2 2021, with a significant increase in cumulative net profit compared to the same period last year[14] New Standards - The company is implementing new leasing standards starting in 2021, which may impact future financial reporting[35] - The company adopted a new leasing standard effective January 1, 2021, impacting the financial statements[40]

Financial Performance - The company's operating revenue for 2020 was approximately RMB 1.17 billion, a decrease of 29.83% compared to RMB 1.66 billion in 2019[20]. - The net profit attributable to shareholders for 2020 was RMB 136.09 million, down 66.83% from RMB 410.30 million in 2019[20]. - The basic earnings per share for 2020 was RMB 0.29, a decline of 66.67% from RMB 0.87 in 2019[22]. - The total profit for 2020 was 235.60 million yuan, reflecting a decline of 59.42% compared to the previous year[38]. - The company reported a net loss of CNY 5,792.20 million for Bohai Cruise Co., Ltd., indicating challenges in the cruise business segment[67]. - The company reported a net loss of CNY 189,122,641.20 for the year, which is a significant increase in losses compared to the previous year[194]. Cash Flow - The cash flow from operating activities for 2020 was RMB 395.05 million, down 30.30% from RMB 566.76 million in 2019[20]. - The total cash flow from operating activities for the year was significantly positive, indicating strong operational performance despite initial losses in Q1[23]. - The net cash flow from operating activities for 2020 was ¥395,054,456.92, a decrease of 30.3% compared to ¥566,755,794.11 in 2019[184]. - The cash inflow from operating activities was CNY 1,339.75 million in 2020, down 28.4% from CNY 1,873.14 million in 2019[183]. - The cash outflow for operating activities totaled ¥1,164,417,572.15 in 2020, compared to ¥1,074,286,496.18 in 2019, indicating an increase of 8.4%[186]. Assets and Liabilities - The total assets at the end of 2020 were approximately RMB 5.26 billion, a decrease of 1.70% from RMB 5.35 billion at the end of 2019[21]. - The total liabilities decreased to CNY 1,673,163,234.84 in 2020 from CNY 1,794,467,152.49 in 2019, a reduction of about 6.7%[171]. - The company's cash and cash equivalents were CNY 176,092,658.05 as of December 31, 2020, down from CNY 752,134,928.98 in 2019, a decrease of approximately 76.6%[169]. - The company's total assets as of December 31, 2020, amounted to CNY 4,653,630,604.97, a decrease from CNY 4,783,835,572.93 in 2019[175]. - Short-term borrowings rose to CNY 247,285,542.11 in 2020, compared to CNY 69,912,272.02 in 2019, marking an increase of approximately 253.5%[170]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.10 per 10 shares to shareholders, pending approval at the shareholders' meeting[5]. - The total amount of cash dividends distributed in 2020 is projected to be 52,008,726.33 RMB[85]. - The cash dividend policy stipulates that the cash dividend should not be less than 20% of the distributable profit for the year if the company is profitable[83]. - The company reported a cash dividend of 4.00 RMB per 10 shares for 2019, which was 46.09% of the net profit attributable to ordinary shareholders[84]. Market Position and Strategy - The company’s strategic focus on expanding its market share in the Bohai Bay area is expected to drive future growth and enhance competitive advantages[30]. - The company operates the largest and most comprehensive roll-on/roll-off (RoRo) transportation service in the Bohai Bay region, with significant market share in passenger and vehicle transport[69]. - The company aims to establish itself as a leading international passenger and cargo transport enterprise by 2025[72]. - The company is exploring new international routes, including a ferry service from Shandong Peninsula to Incheon, South Korea, and a route from Fangchenggang, Guangxi to Vietnam[73]. Operational Developments - The company acquired 66.67% of Weihai Haida Passenger Transport Co., enhancing its operational capacity and expanding its route network[42]. - The company launched the "Zhonghua Taishan" cruise ship, marking its entry into the cruise business with routes to various international destinations[32]. - The company established Bohai Hengtong Ferry Co., Ltd. in partnership with logistics companies to enhance cargo transportation services[31]. - The company is focusing on financing leasing to enhance its core competitiveness and sustainable development capabilities[34]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6]. - The company has implemented strict risk control measures to ensure maritime safety, although it acknowledges potential risks from adverse weather and other unforeseen events[79]. - The company has not faced any regulatory criticism or penalties for information disclosure violations during the reporting period[148]. - The company has not reported any significant litigation or arbitration matters for the year[93]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,646, with 1,120 in the parent company and 526 in subsidiaries[141]. - The company has actively engaged in employee welfare programs, including regular health check-ups and supplementary medical insurance, enhancing employee well-being[109]. - The company has a diverse management team with extensive experience in various sectors, enhancing its operational capabilities[133]. - The company has implemented a performance-based salary system, linking performance rewards directly to employee work performance and daily conduct[142]. Environmental and Social Responsibility - The company emphasizes safety and social responsibility, contributing to the stability of maritime transportation in the Bohai Bay area[106]. - The company has achieved "zero discharge" for solid pollutants and oily wastewater, with all waste handled by recognized disposal units[110]. - The company has not faced any penalties for environmental violations during the reporting period, demonstrating compliance with environmental regulations[110].

Financial Performance - Net profit attributable to shareholders dropped by 76.24% to CNY 81,795,163.46 for the first nine months of the year[6]. - Operating revenue fell by 37.21% to CNY 799,134,820.90 year-to-date[6]. - Basic earnings per share decreased by 76.39% to CNY 0.17[8]. - The weighted average return on net assets decreased by 7.82 percentage points to 2.43%[8]. - The company anticipates a cumulative net profit decline of approximately 72% year-on-year due to the ongoing effects of the COVID-19 pandemic and reduced government subsidies[17]. - Total operating revenue for Q3 2020 was approximately $300.63 million, a decrease of 34.6% compared to $459.67 million in Q3 2019[29]. - Total operating costs for Q3 2020 were approximately $250.36 million, down 28.4% from $349.46 million in Q3 2019[29]. - Net profit for Q3 2020 was approximately $90.54 million, an increase of 16.5% compared to $77.45 million in Q3 2019[30]. - The gross profit margin for Q3 2020 improved to 16.7%, compared to 10.5% in Q3 2019[30]. - The company’s total revenue for the first three quarters of 2020 was approximately $799.13 million, down 37.1% from $1.27 billion in the same period of 2019[29]. - The company’s total costs for the first three quarters of 2020 were approximately $758.52 million, a decrease of 20.1% from $949.32 million in the same period of 2019[29]. Assets and Liabilities - Total assets decreased by 5.38% to CNY 5,061,468,659.13 compared to the end of the previous year[6]. - Non-current assets totaled CNY 4,478,451,994.13, up from CNY 3,846,827,051.50 at the end of 2019, indicating an increase of about 16.4%[21]. - Total liabilities decreased to CNY 1,539,608,383.50 from CNY 1,794,467,152.49, representing a decrease of approximately 14.2%[22]. - Shareholders' equity totaled CNY 3,521,860,275.63, down from CNY 3,554,749,067.16, indicating a decrease of about 0.9%[22]. - Current assets totaled CNY 773,256,208.46, down from CNY 1,046,952,552.77, reflecting a decrease of about 26.1%[25]. - The company’s goodwill increased to CNY 270,758,791.05 from CNY 13,675,709.11, indicating a substantial increase of approximately 1,877.5%[21]. - The company’s short-term borrowings rose by 171.80% to ¥190.02 million from ¥69.91 million, reflecting new bank loans taken during the reporting period[13]. - Long-term borrowings decreased significantly to CNY 659,224,789.20 from CNY 891,407,320.30, a decline of about 26.0%[22]. Cash Flow - Net cash flow from operating activities decreased by 46.67% to CNY 235,372,799.24 compared to the same period last year[6]. - The company's cash and cash equivalents decreased by 74.51% to ¥191.70 million from ¥752.13 million due to reduced operational accumulation and loan repayments impacted by COVID-19[12]. - Cash received from sales and services for the first three quarters of 2020 was ¥805,220,419.32, a decrease of 37.2% compared to ¥1,284,278,762.05 in the same period of 2019[39]. - Net cash flow from operating activities for the first three quarters of 2020 was ¥235,372,799.24, down 46.4% from ¥441,321,210.37 in 2019[39]. - Total cash inflow from investment activities in the first three quarters of 2020 reached ¥13,155,558,271.08, significantly higher than ¥1,542,765,612.43 in 2019[40]. - Cash outflow from financing activities totaled ¥1,013,278,241.94, compared to ¥621,968,375.48 in the same period of 2019, resulting in a net cash flow of -¥823,258,528.94[40]. Shareholder Information - The total number of shareholders reached 28,146 by the end of the reporting period[10]. - The largest shareholder, Liao Yu Group Co., Ltd., holds 38.74% of the shares[10]. Government Support - The company received government subsidies amounting to CNY 75,948,557.08 during the reporting period[8].

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].

Financial Performance - Net profit attributable to shareholders was a loss of approximately CNY 52.79 million, a decrease of 128.93% year-on-year[5] - Operating revenue for the period was approximately CNY 206.82 million, down 44.70% compared to the same period last year[5] - The net cash flow from operating activities was negative CNY 14.82 million, a decline of 108.50% year-on-year[5] - Basic and diluted earnings per share were both CNY -0.11, a decrease of 128.95% compared to CNY 0.38 in the previous year[5] - The company anticipates a cumulative net profit decline of approximately 90% year-on-year due to the impact of COVID-19 and reduced government subsidies[17] - The net loss for Q1 2020 was ¥50,579,538.18, compared to a net profit of ¥189,940,794.67 in Q1 2019, indicating a significant decline in profitability[30] - The total profit (loss) for Q1 2020 was a loss of ¥19.81 million, compared to a profit of ¥221.09 million in Q1 2019[32] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 5.36 billion, a slight increase of 0.27% compared to the end of the previous year[5] - Total current assets decreased from CNY 1,502,389,168.15 on December 31, 2019, to CNY 964,700,635.31 on March 31, 2020, a decline of approximately 35.7%[21] - Total non-current assets increased from CNY 3,846,827,051.50 to CNY 4,398,832,448.49, an increase of about 14.3%[22] - Total liabilities increased from CNY 1,794,467,152.49 to CNY 1,837,822,034.05, reflecting a rise of approximately 2.4%[23] - Long-term borrowings rose from CNY 891,407,320.30 to CNY 937,268,477.50, an increase of about 5.1%[23] - Total equity decreased from CNY 3,554,749,067.16 to CNY 3,525,711,049.75, a decline of approximately 0.8%[23] - The total liabilities as of March 31, 2020, amounted to ¥1,266,905,043.08, slightly down from ¥1,282,037,682.56 at the end of 2019[26] Cash Flow - The company reported a net cash outflow from operating activities of CNY -14,824,945.00 in Q1 2020, a decline of 108.50% from CNY 174,339,831.29 in Q1 2019[15] - Operating cash flow for Q1 2020 was negative at ¥14.82 million, down from positive cash flow of ¥174.34 million in Q1 2019[36] - The net cash flow from financing activities was -¥107,228,102.25, an improvement from -¥163,200,170.91 in Q1 2019, reflecting better cash management[40] - Total cash inflow from operating activities reached ¥1,036,944,086.53, up from ¥525,288,982.63 in the same period last year, marking a 96.9% increase[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,253[10] - The largest shareholder, Liaoyu Group Co., Ltd., held 183,158,705 shares, representing 38.74% of the total shares[10] Government Support - The company received government subsidies related to normal business operations amounting to CNY 2.17 million[7] Other Financial Metrics - The weighted average return on equity decreased by 6.79 percentage points to -1.57%[5] - The company reported a significant increase in non-recurring losses, with a total impact of CNY 3.11 million on current profits[8] - Financial expenses surged by 226.44% from CNY -17,633,541.64 to CNY 22,296,038.23, primarily due to higher exchange losses compared to the same period last year[14] - The company reported a significant increase in financial expenses, totaling ¥22,296,038.23 in Q1 2020, compared to a financial income of -¥17,633,541.64 in Q1 2019[29]