2024 年半年度报告 公司代码：600751 900938 公司简称：海航科技 海科 B 海航科技股份有限公司 2024 年半年度报告 1 / 207 2024 年半年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实 性、准确性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 二、公司全体董事出席董事会会议。 三、本半年度报告未经审计。 四、公司负责人朱勇、主管会计工作负责人晏勋及会计机构负责人（会计主管人员） 陈文声明：保证半年度报告中财务报告的真实、准确、完整。 五、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性陈述，均不构成公司对投资者的实 质承诺，敬请投资者注意投资风险。 七、是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、是否存在违反规定决策程序对外提供担保的情况 否 | --- | --- | |---------------------------------------------------------- ...

Financial Performance - The company's consolidated net profit attributable to shareholders for 2023 was CNY 241.73 million, an increase of 24.12% compared to CNY 194.75 million in 2022[6]. - Operating revenue for 2023 reached CNY 650.69 million, representing a significant increase of 342.85% from CNY 146.93 million in 2022[23]. - The net profit after deducting non-recurring gains and losses was CNY 21.70 million, a decrease of 72.16% from CNY 77.93 million in 2022[23]. - Basic earnings per share for 2023 were 0.08 RMB, a 14.29% increase from 0.07 RMB in 2022[25]. - The diluted earnings per share also stood at 0.08 RMB, consistent with the basic earnings per share[25]. - The weighted average return on equity rose to 3.34%, an increase of 0.57 percentage points from 2.77% in 2022[25]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 2.32 billion, worsening from negative CNY 84.29 million in the previous year[24]. - The total assets decreased by 16.99% to CNY 8.83 billion at the end of 2023, down from CNY 10.64 billion at the end of 2022[24]. - The company's net assets attributable to shareholders increased by 3.15% to CNY 7.35 billion compared to CNY 7.12 billion in 2022[24]. - Cash and cash equivalents at the end of the period were RMB 3,941,838,039.48, representing 44.62% of total assets, down 37.69% from the previous period[65]. - Accounts receivable increased by 85.89% to RMB 9,658,705.36, primarily due to unsettled voyages at the end of the period[65]. Debt and Liabilities - The company reported a negative retained earnings of CNY 577.07 million as of December 31, 2023, leading to no cash dividends or stock bonuses being proposed for the year[6]. - The company successfully addressed historical related guarantee debt risks, reducing total debt repayment and short-term cash outflows[33]. - The total amount of guarantees provided by the company, excluding guarantees to subsidiaries, is RMB 1,235,270,498.36, which accounts for 16.80% of the company's net assets[167]. - The total guarantees provided to shareholders, actual controllers, and their related parties amount to RMB 1,195,276,330.52[167]. - The company has provided guarantees to HNA Group Co., Ltd. totaling RMB 1,995,014,185.84, which is overdue[166]. Operational Highlights - The company achieved operating revenue of 651 million RMB in 2023, representing a year-on-year increase of 342.85%[33]. - The company owns 9 self-owned bulk carriers with a total capacity of approximately 750,000 deadweight tons, and has increased its controllable capacity to 1.05 million deadweight tons by leasing 5 additional vessels, representing a 40% increase in capacity[34]. - In 2023, the company completed 110 voyages, transporting over 7.5 million tons of various cargoes, including iron ore, coal, and agricultural products, while expanding into new markets for bauxite and nickel transportation[34]. - The company has diversified its shipping routes, adding over ten new routes, including those from the Philippines to China and Indonesia to India, enhancing operational flexibility[40]. - The company maintained a 100% annual safety operation rate, with no major safety incidents reported during the reporting period[37]. Governance and Compliance - The company has a board of directors consisting of 7 members, including 3 independent directors, meeting legal requirements for governance structure[83]. - The company has implemented a rigorous information disclosure process, ensuring all shareholders have equal access to information and preventing insider trading[87]. - The company is committed to improving corporate governance and protecting the rights of minority shareholders[88]. - The audit committee held 11 meetings during the reporting period, focusing on the accuracy of annual performance forecasts and financial reporting[111]. - The company has established a comprehensive insider information management system to ensure confidentiality and compliance with disclosure regulations[87]. Legal Matters - The company is involved in a significant lawsuit where it has been ordered to pay RMB 890,205,333.33 to Ping An Trust due to guarantees provided to its former indirect controlling shareholder, HNA Group[152]. - The company has incurred liabilities related to guarantees provided for subsidiaries, with amounts reaching RMB 36,575,756.96 plus interest in a recent court ruling[155]. - The company has faced significant legal challenges, including the freezing of assets and ongoing litigation, which may impact its financial stability[155]. - The company is committed to resolving its legal disputes through negotiated settlements to minimize potential financial losses[153]. - The total amount involved in the legal disputes and settlements indicates a substantial financial exposure for the company, necessitating careful management of its legal and financial strategies[155]. Environmental and Social Responsibility - The company invested 45.5 million yuan in environmental protection during the reporting period[131]. - The company has implemented measures to reduce carbon emissions, achieving a reduction of 2,094 tons of CO2 equivalent during the reporting period[135]. - The company has organized energy-saving awareness campaigns to promote low-carbon education among all employees[135]. - The company has engaged in community service activities, benefiting 20 individuals through donations and volunteer work[137]. - The company is committed to the "carbon peak and carbon neutrality" strategy, enhancing the overall energy efficiency of its fleet[134].

证券代码：600751 900938 证券简称：海航科技 海科 B 编号：临 2023-040 海航科技股份有限公司 关于聘请2023年年度报告 成立日期：1981 年（工商登记：2011 年 12 月 22 日）。致同会计师事务所 （特殊普通合伙）前身是成立于 1981 年的北京会计师事务所，2011 年 12 月 22 日经北京市财政局批准转制为特殊普通合伙，2012 年更名为致同会计师事务所 （特殊普通合伙）。 注册地址：北京市朝阳区建国门外大街 22 号赛特广场五层 首席合伙人：李惠琦 审计机构、内部控制审计机构的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 海航科技股份有限公司（以下简称"公司"、"本公司"）第十一届董事 会第十八次会议审议通过了《关于聘请 2023 年年度报告审计机构、内部控制审 计机构的议案》，拟续聘致同会计师事务所（特殊普通合伙）（以下简称"致 同所"）为公司 2023 年年度报告审计机构和内部控制审计机构。具体内容如下： 一、拟续聘 2023 年年度报告审计机构、内部控制报告审计 ...

证券代码：600751 900938 证券简称：海航科技 海科B 编号：临2023-033 海航科技股份有限公司 关于参加2023年度天津辖区上市公司半年报业绩说明 会暨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本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的沟通交流，海航科技股份有限公司（以下简称 "公司"）将参加由天津证监局主办、天津上市公司协会、深圳市全景网络有限 公司、全景投资者教育基地协办的"2023 年度天津辖区上市公司半年报业绩说 明会暨投资者网上集体接待日活动"，现将有关事项公告如下： 一、召开的时间、方式 （一）召开时间：2023 年 9 月 5 日（周二）13:30-16:50 （二）召开方式：本次活动将采用网络远程的方式举行，投资者可登录 "全景路演"网站（http://rs.p5w.net），或关注微信公众号：全景财经，或 下载全景路演 APP，参与本次互动交流。 二、公司参加人员 届时公司董事兼董事会秘书姜涛先生、独立董事高文进先生、财务总监晏 勋先生将在线就公司业绩、公司治理、发展 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2023, reaching RMB 1,200 million, representing a growth of 15% compared to the same period last year[21]. - The company's operating revenue for the first half of the year reached 162,531 thousand RMB, a 162.53% increase compared to the same period last year[22]. - Net profit attributable to shareholders increased by 72.68% year-on-year, amounting to 286,670 thousand RMB, primarily due to debt restructuring gains[23]. - Basic earnings per share rose to 0.0989 RMB, reflecting a 72.60% increase compared to the previous year[23]. - The company achieved operating revenue of 163 million yuan, a year-on-year increase of 162.53%, and a net profit attributable to shareholders of 287 million yuan, up 72.68%[34]. - The company reported a net loss of RMB 5,705,789 thousand, an improvement from a loss of RMB 5,992,459 thousand in the previous period[99]. - The company reported a total profit of RMB 286,717 thousand for the first half of 2023, compared to RMB 176,592 thousand in the same period of 2022, an increase of 62.5%[105]. Market Outlook and Expansion - The company provided a positive outlook for the second half of 2023, projecting a revenue growth of 10% to 12%[21]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[21]. - New product launches are expected to contribute an additional RMB 200 million in revenue by the end of 2023[21]. - The outlook for the dry bulk market in 2023 remains positive, with potential seasonal recovery and support from domestic economic policies[29]. - The company plans to focus on market expansion and new product development in the upcoming quarters[100]. Operational Efficiency and Fleet Management - The company expanded its fleet to 9 dry bulk vessels, increasing its carrying capacity to approximately 750,000 deadweight tons[29]. - The company is adapting its fleet management strategy to effectively respond to market demand fluctuations, enhancing operational efficiency[30]. - Operating costs rose to 171,138 thousand RMB, reflecting a 226.84% increase from 52,362 thousand RMB year-on-year, primarily due to the increased fleet capacity after the acquisition of new ships in 2022[38]. Research and Development - Research and development expenses increased by 30%, totaling RMB 150 million, focusing on innovative technologies[21]. - The company has allocated resources for new technology research and development to drive future growth[118]. Legal and Compliance Issues - The company has identified potential risks related to market volatility and regulatory changes, which are detailed in the management discussion section[21]. - The company is actively managing its legal risks and has taken steps to resolve disputes through settlements[70]. - The company has been involved in multiple legal proceedings, with a total of RMB 131,250,000 frozen in bank accounts due to court orders[71]. - The company has signed settlement agreements with multiple trust companies, including Tianjin Trust and Ping An Trust, as part of ongoing litigation related to guarantees for related parties[84]. Financial Position and Assets - The company's total assets decreased by 7.44% to 9,850,647 thousand RMB compared to the end of the previous year[22]. - The company's cash and cash equivalents at the end of the period were 5,440,276 thousand RMB, accounting for 55.23% of total assets, down 14.00% from 6,325,714 thousand RMB last year[40]. - The total liabilities at the end of the period included 761,440 thousand RMB in current liabilities, a 341.03% increase from 172,651 thousand RMB last year, mainly due to the reclassification of guaranteed debt repayment amounts[41]. Environmental Responsibility - The company emphasizes environmental responsibility, adhering to regulations and implementing measures to reduce carbon intensity and energy consumption[57]. - The company is actively implementing carbon emission reduction strategies in line with national policies, focusing on enhancing fleet energy efficiency[60]. - Fuel consumption reduction measures are expected to save approximately 3% to 9% through various upgrades and installations, including new energy-saving devices and high-efficiency propellers[60]. Governance and Shareholder Rights - The company emphasizes the importance of independent operations and management systems to ensure compliance with commitments made by its controlling shareholders[63]. - The company has pledged to uphold the rights of all shareholders, particularly minority shareholders, by not engaging in activities that could harm their interests[65]. - The company has committed to minimizing related party transactions, ensuring that any unavoidable transactions are conducted at fair market prices[65]. Cash Flow and Financing Activities - The net cash flow from operating activities decreased by 2,531.02%, resulting in a negative cash flow of -906,261 thousand RMB, mainly due to payments related to debt settlements[23]. - Cash inflow from operating activities for the first half of 2023 was CNY 246,333 thousand, a significant increase from CNY 157,582 thousand in the same period of 2022, representing a growth of 56.2%[109]. - Cash outflow from financing activities was CNY 593 thousand in the first half of 2023, compared to CNY 1,720,454 thousand in the same period of 2022, indicating a reduction in financing outflows[110]. Shareholder Structure - As of the end of the reporting period, the total number of ordinary shareholders was 103,993[88]. - The top three shareholders held a combined total of 1,268,008,685 shares, representing 43.76% of the total share capital[90]. - HNA Technology Group Co., Ltd. held 602,006,689 shares, accounting for 20.76% of the total[90]. Accounting Policies and Financial Reporting - The financial report was approved by the board of directors on August 18, 2023[134]. - The company operates under the continuous operation basis and adheres to the accounting standards set by the Ministry of Finance[136][137]. - The company’s financial reporting is based on historical cost measurement, with provisions for impairment as necessary[136].

证券代码：600751 900938 证券简称：天津海运 天海B 编号：临2014-026 天津市海运股份有限公司 2013 年年度报告业绩说明会公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本公司已于 2014 年 4 月 30 日发布了 2013 年年度报告。为便于广大投资者 更深入全面地了解公司情况，公司定于 2014 年 5 月 6 日（星期二）下午 14：00-16： 00 点举行 2013 年年度报告业绩说明会，现将有关事项公告如下： 本次年度报告业绩说明会将在深圳证券信息有限公司提供的网上平台采取 网络远程的方式进行，投资者可以登陆"天津辖区上市公司投资者关系互动平台" （http://irm.p5w.net/dqhd/tianjin/）参与交流。 出席本次年度报告网上说明会的人员有：本公司董事兼总裁陈雪峰、财务总 监王德一、董事会秘书张延波。 欢迎广大投资者积极参与。 特此公告。 天津市海运股份有限公司 二〇一四年五月五日 ...

Financial Performance - The net profit attributable to the parent company for 2022 was CNY 194.721 million, resulting in a cumulative undistributed profit of CNY -5,992.459 million at the end of the year[5]. - The company's operating revenue for 2022 was CNY 146,931 thousand, a decrease of 99.91% compared to CNY 171,661,718 thousand in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 194,721 thousand, down 93.68% from CNY 3,080,189 thousand in 2021[23]. - The net cash flow from operating activities for 2022 was CNY -84,286 thousand, compared to CNY -3,050,252 thousand in 2021, indicating a significant cash flow challenge[23]. - The total assets at the end of 2022 were CNY 10,642,521 thousand, a decrease of 13.74% from CNY 12,337,755 thousand at the end of 2021[23]. - The basic earnings per share for 2022 was CNY 0.07, a decline of 93.40% from CNY 1.06 in 2021[24]. - The weighted average return on equity for 2022 was 2.77%, a decrease of 54.48 percentage points from 57.25% in 2021[24]. - The company reported a net profit of CNY 6,847 thousand in Q4 2022, a significant drop from CNY 81,357 thousand in Q1 2022[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2022 was CNY 77,910 thousand, down 92.60% from CNY 1,052,983 thousand in 2021[23]. - The company recorded non-recurring gains of CNY 116,811 thousand in 2022, compared to CNY 2,027,206 thousand in 2021, indicating a significant decline in non-recurring income[26]. Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the 2022 fiscal year[5]. - The cash dividend policy stipulates that the minimum cash dividend ratio should be 80% for mature companies without significant capital expenditure, 40% for those with significant expenditures, and 20% for growing companies with significant expenditures[2]. - The company has a policy to distribute at least 30% of the average distributable profit over the past three years in cash dividends[118]. Audit and Compliance - The company has received a standard unqualified audit opinion from the accounting firm, ensuring the financial report's authenticity and completeness[4]. - The company strictly adhered to information disclosure regulations, preventing selective disclosure and insider trading, ensuring fairness and transparency[81]. - The company received a warning letter from the China Securities Regulatory Commission on February 21, 2022, regarding compliance issues[99]. - The company was also criticized by the Shanghai Stock Exchange on September 27, 2022, for regulatory violations[100]. - The company has faced regulatory scrutiny, with multiple warnings issued to its actual controllers and senior management[99][100]. Operational Developments - The company completed the acquisition of 6 bulk carriers for 106 million USD, resulting in a total fleet of 9 vessels with approximately 750,000 deadweight tons of capacity[30]. - The company successfully negotiated debt settlements with multiple creditors, significantly reducing financial losses and ensuring asset security[31]. - The company expanded its shipping routes, adding over ten new routes, enhancing operational capabilities and diversifying service offerings[37]. - The fleet's capacity increased from 350,000 deadweight tons to 750,000 deadweight tons, with a more diverse vessel type portfolio[37]. - The company is actively managing its property assets to improve utilization efficiency and increase revenue[31]. Risk Management - The management has outlined potential risks in the report, emphasizing the importance of risk control and resource optimization for sustainable development[9]. - The company’s future plans and strategic developments are subject to investment risks, and investors are advised to exercise caution[6]. - The company faces risks from macroeconomic changes, operational safety, market supply and demand fluctuations, currency exchange rate volatility, and investment management[73][74]. Governance and Management - The board of directors consists of 7 members, including 3 independent directors, meeting the legal requirement of at least one-third being independent[78]. - The company has established effective communication channels with investors, enhancing stakeholder engagement and protecting their rights[81]. - The company’s governance structure complies with the guidelines set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, with no significant discrepancies[82]. - The company has implemented strict insider information management, with the chairman being the primary responsible person for compliance[81]. - The company has established various specialized committees, including audit, nomination, compensation, and strategic committees[106]. Legal Matters - The company is involved in a significant lawsuit with a claim amounting to 1.6 billion yuan related to a guarantee provided for HNA Group, which has led to asset freezes[155]. - A settlement agreement was signed with the plaintiff to protect the company's interests, which has been executed by the court[155]. - The company is actively pursuing settlement agreements to protect its interests amid ongoing litigation with various parties[157]. - The company has faced multiple lawsuits related to guarantees for its affiliates, indicating a significant legal exposure[156]. Shareholder Structure - The largest shareholder, HNA Technology Group, holds 602,006,689 shares, representing 20.76% of the total shares, with 418,000,000 shares pledged[181]. - HNA Technology Group and its concerted action party, Daxin Logistics Holdings, collectively hold 853,443,285 shares of the company, accounting for 29.44% of the total share capital[183]. - The total number of pledged shares is 656,948,380, representing 76.98% of the company's total share capital[183]. - The company has no controlling shareholder or actual controller as of April 2022, following a change in control due to restructuring plans[185]. Environmental and Social Responsibility - The company invested 15,806 thousand yuan in environmental protection during the reporting period[129]. - The company has implemented measures to reduce carbon emissions, achieving a reduction of 1,302 tons of CO2 equivalent[134]. - The company promotes a culture of energy conservation and low-carbon education among employees through various initiatives[133]. - The company engages in community service and social responsibility activities, contributing to regional pandemic prevention efforts[136].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 61,910 thousand, a decrease of 99.96% compared to the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 166,017 thousand, down 83.11% year-on-year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,269 thousand, a decline of 92.30% compared to the previous year[16]. - Basic earnings per share decreased by 83.11% to CNY 0.0573 compared to the same period last year[17]. - Weighted average return on equity dropped by 20.84 percentage points to 2.37%[17]. - The company reported a significant decrease in trading financial assets, down 99.36% to 13,599 thousand RMB, primarily due to the recovery of funds from a subsidiary[36]. - The company reported a net loss of RMB 6,021,163 thousand in retained earnings[100]. - The company reported a significant decrease in cash received from operating activities, down to RMB 175,764 thousand from RMB 736,881 thousand year-over-year[117]. - The company reported a net loss of 295,938 thousand RMB in the current period, compared to a profit in the previous period[123]. Cash Flow and Assets - The net cash flow from operating activities was CNY 37,279 thousand, compared to a negative cash flow of CNY 6,183,793 thousand in the same period last year[16]. - As of June 30, 2022, cash and cash equivalents amounted to 8,121,353 thousand RMB, representing 75.67% of total assets, an increase of 5.33% compared to the previous period[36]. - The net cash flow from investing activities was 2,089 million RMB, compared to a net outflow of 554,091 thousand in the first half of 2021[114]. - The overall net increase in cash and cash equivalents for the period was RMB 410,619 thousand, contrasting with a decrease of RMB 1,651,545 thousand in the previous year[114]. - The total amount of guarantees provided by the company, including those to subsidiaries, is 5,027,531[83]. - The total amount of guarantees accounts for 70.78% of the company's net assets[83]. Debt and Liabilities - As of June 30, 2022, the company's debt-to-asset ratio was 33.82%, with cash holdings of CNY 8.121 billion[24]. - The total liabilities decreased from RMB 4,744,214 thousand to RMB 3,629,247 thousand, a decrease of about 23.5%[100]. - The company has provided guarantees for loans totaling 498 million RMB, with claims from Ping An Trust for joint liability on debts owed by HNA Group[70]. - The company has ongoing litigation involving the freezing of assets totaling 91.25 million RMB due to guarantees provided for related parties[70]. Corporate Governance and Management - The company completed the revision of its articles of association to enhance its corporate governance structure, marking a significant step in improving its governance[25]. - The company appointed Yu Jiehui as the new president and financial director, replacing previous executives due to retirement and other changes[49]. - The company elected a new board of directors and supervisory board members, with significant changes in leadership roles[50]. - The company guarantees the establishment of an independent financial department and accounting system, ensuring independent financial decision-making and tax compliance[56]. - The company has committed to maintaining the independence of its management team, ensuring that senior executives do not hold positions in other companies controlled by the controlling party[55]. Market and Operational Insights - The average rental rate for Capesize vessels decreased by 24.7% to USD 18,089 per day, while Supramax vessels increased by 28.4% to USD 26,983 per day[20]. - The dry bulk shipping market is expected to remain stable due to steady demand for iron ore, coal, and grain[21]. - The company maintains long-term cooperative relationships with major clients such as Vale, Baosteel, and Cargill[23]. - The company has a strong management team with extensive experience in maritime operations and logistics[23]. Legal and Compliance Issues - The company is involved in significant litigation, including a lawsuit with Tianjin Trust for a total claim of approximately 338 million RMB, which includes principal, interest, and penalties[70]. - The company has ongoing litigation involving the freezing of assets totaling 91.25 million RMB due to guarantees provided for related parties[70]. - The company has provided guarantees for related parties, which may pose litigation risks due to the bankruptcy restructuring of its controlling shareholder[41]. Strategic Initiatives - The company signed contracts for the purchase of seven bulk carriers, with one delivered on August 8, 2022, and expected to be operational by September 2022[25]. - The company plans to use 106 million USD of its own funds to purchase six bulk carriers from various shipping companies, pending approval from the upcoming extraordinary general meeting[29]. - The company is in the process of acquiring six bulk carriers for 106 million USD, with ongoing negotiations for asset integration[41]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 106,177[88]. - HNA Technology Group Co., Ltd. holds 602,006,689 shares, accounting for 20.76% of the total shares[90]. - The total number of pledged shares is 656,948,380, which is 76.98% of the total share capital[92]. - The company has no actual controller as of April 2022, following a change in the controlling shareholder[93]. Financial Reporting and Standards - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards and reflect its financial position accurately[145]. - The consolidated financial statements include the company and all subsidiaries, with adjustments made for inconsistent accounting policies or periods[151][152]. - The group assesses expected credit losses based on reasonable and supportable information, considering past events, current conditions, and forecasts of future economic conditions[163].

Financial Performance - The net profit attributable to the shareholders of the listed company for 2021 was CNY 3,080,189 thousand, compared to a net loss of CNY 9,788,603 thousand in 2020[11]. - The net profit attributable to the shareholders of the listed company, after deducting non-recurring gains and losses, was CNY 1,052,983 thousand in 2021, compared to a net loss of CNY 9,563,587 thousand in 2020[11]. - The cumulative undistributed profits at the end of 2021 were CNY -6,187,180 thousand[7]. - The company's operating revenue for 2021 was CNY 171.66 billion, a decrease of 49.02% compared to CNY 336.69 billion in 2020[26]. - The net profit attributable to shareholders was CNY 3.08 billion, a significant recovery from a net loss of CNY 9.79 billion in 2020[26]. - The basic earnings per share for 2021 was CNY 1.06, compared to a loss of CNY 3.38 per share in 2020[27]. - The total assets at the end of 2021 were CNY 12.34 billion, down 89.86% from CNY 121.66 billion at the end of 2020[26]. - The company reported a cash flow from operating activities net amount of CNY -3.05 billion, a decline of 116.74% from CNY 18.22 billion in 2020[26]. - The weighted average return on net assets increased to 57.25%, up 167.81 percentage points from 3.81% in 2020[27]. - The company recorded a net profit of CNY 3.06 billion in Q4 2021, a significant improvement compared to a loss of CNY 965.62 million in Q3 2021[29]. - The cash flow from operating activities in Q4 2021 was CNY -13.93 billion, indicating challenges in cash generation[29]. Asset Management and Transactions - The company completed the equity transfer of its subsidiary GCL IM for a total transaction price of USD 1,950,983 thousand (approximately CNY 12,594,882 thousand), with CNY 10,456,292 thousand received by the end of 2021[12]. - The company reported an investment income of CNY 324,173 thousand from the equity disposal transaction in 2021[12]. - The company completed the sale of GCL IM for a total transaction price of USD 1.95 billion (approximately CNY 12.59 billion), which helped reduce debt risk and facilitated strategic business transformation[36]. - The company has engaged PwC as its accounting firm, ensuring compliance and accuracy in financial reporting[24]. - The company completed the acquisition of two 176,000-ton bulk carriers, increasing its total capacity to over 350,000 deadweight tons[89]. - The company has frozen assets amounting to 1.6 billion RMB due to a court ruling, impacting its liquidity[83]. - The company is actively exploring property leasing channels to enhance asset utilization and increase revenue[38]. Governance and Compliance - The audit report issued by PwC included a qualified opinion, and the company has provided detailed explanations regarding the related matters[6]. - The company’s board of directors and supervisory board confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has strengthened its governance structure and compliance with regulations, ensuring better operational management[38]. - The company emphasizes transparency and fairness in information disclosure, adhering to relevant laws and regulations to prevent insider trading[95]. - The company is committed to maintaining independent operations from its controlling shareholder, ensuring no interference in decision-making processes[94]. - The company has revised its Articles of Association and insider information management system to enhance governance and compliance with regulatory requirements[96]. - The company has established a commitment to avoid conflicts of interest and ensure fair treatment of minority shareholders[152]. Strategic Outlook and Market Position - The company plans to focus on market expansion and new product development in the upcoming year[30]. - The outlook for 2022 indicates continued support for dry bulk shipping rates due to infrastructure policies and supply constraints from aging vessels[42]. - The company is actively exploring business opportunities in international freight forwarding and logistics services[88]. - The company is focused on maximizing shareholder returns through sustainable growth and operational efficiency[88]. - The company anticipates a cautious but optimistic outlook for the dry bulk market in 2022, driven by strong demand and limited new supply[87]. Risks and Challenges - The global economic outlook remains complex and severe due to geopolitical influences and the ongoing COVID-19 pandemic, which may impact the company's operating performance[91]. - The company faces operational risks related to shipping safety, including natural disasters and human errors, which could lead to significant accidents[91]. - Currency fluctuations, particularly in USD and EUR, may affect the company's profitability as its business is primarily settled in USD[91]. - Investment management risks, including valuation and operational risks of invested projects, could lead to profit volatility and potential asset impairment[91]. Shareholder Relations and Remuneration - The company has engaged in extensive communication with minority shareholders regarding profit distribution policies, ensuring their rights are protected[140]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 371.86 million yuan[104]. - The company has a cash dividend policy that requires a minimum of 80% of profits to be distributed as cash dividends during mature stages without major capital expenditures[136]. - The company plans to implement a three-year shareholder dividend return plan from 2021 to 2023[121]. Legal and Regulatory Matters - The company received warning letters from the China Securities Regulatory Commission on February 21, 2022, regarding regulatory measures taken against it and its controlling shareholders[114]. - The company is facing bankruptcy restructuring due to its indirect controlling shareholder HNA Group and its affiliates being accepted for restructuring by the court[178]. - The company has provided guarantees for HNA Group, which has led to various legal disputes, including a claim for RMB 3.38 billion from Tianjin Trust[179]. - The company has not reported any significant changes in daily operational related party transactions[186].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 34,408 thousand, a decrease of 99.96% compared to the same period last year[2] - The net profit attributable to shareholders was CNY 81,357 thousand, down 79.84% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 33,866 thousand, a decline of 84.29% compared to the previous year[2] - In Q1 2022, the company achieved revenue of RMB 34.29 million, primarily from transporting bulk commodities such as iron ore, coal, and bauxite[9] - Total operating revenue for Q1 2022 was 34,408 thousand RMB, a significant decrease from 85,096,906 thousand RMB in Q1 2021, representing a decline of approximately 99.96%[15] - Net profit for Q1 2022 was 76,936 thousand RMB, compared to 620,683 thousand RMB in Q1 2021, reflecting a decline of approximately 87.62%[16] - The comprehensive income total for Q1 2022 was 75,943 thousand RMB, down from 487,342 thousand RMB in Q1 2021, a decrease of about 84.42%[17] - Basic and diluted earnings per share for Q1 2022 were both 0.0281 RMB, compared to 0.1392 RMB in Q1 2021, a decline of approximately 79.83%[17] Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,295,638 thousand, representing a decrease of 8.45% from the end of the previous year[3] - As of March 31, 2022, the total assets amounted to RMB 11,295.64 million, a decrease from RMB 12,337.76 million as of December 31, 2021[12] - The total liabilities as of March 31, 2022, were RMB 3,626.15 million, compared to RMB 4,744.21 million at the end of 2021[14] - The company’s non-current assets totaled RMB 2,445.12 million, slightly up from RMB 2,437.95 million at the end of 2021[13] - The company’s total equity remained stable at RMB 13,105.46 million as of March 31, 2022[14] Cash Flow - The cash flow from operating activities was CNY 23,806 thousand, with no applicable comparison due to the nature of the data[2] - Cash flow from operating activities for Q1 2022 was 23,806 thousand RMB, a recovery from a negative cash flow of -6,277,325 thousand RMB in Q1 2021[20] - Cash inflow from investment activities in Q1 2022 was 63,794 thousand RMB, compared to 2,911 thousand RMB in Q1 2021, indicating a significant increase[20] - Cash inflow from financing activities totaled $4,603,671[21] - Cash outflow from financing activities amounted to $1,039,942, resulting in a net cash flow from financing activities of -$1,039,942[21] - The impact of exchange rate changes on cash and cash equivalents was -$2,165[21] - The net increase in cash and cash equivalents was -$955,645, compared to -$2,395,740 in the previous period[21] - The beginning balance of cash and cash equivalents was $7,710,121, leading to an ending balance of $6,754,476[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 107,416[5] - The largest shareholder, HNA Technology Group Co., Ltd., held 602,006,689 shares, accounting for 20.76% of the total shares[6] - The top shareholder, HNA Technology Group Co., Ltd., held 602,006,689 shares, representing 29.44% of the total share capital[7] - The company has a cumulative pledge of shares amounting to 656,948,380 shares, which is 76.98% of the total share capital[7] Operational Highlights - The company reported a significant decrease in operating income primarily due to the non-consolidation of Inmai's revenue this period[4] - The company maintained a 100% safe operation rate during the reporting period, with vessels sailing over 28,000 nautical miles[9] - The company reported a significant reduction in accounts payable from RMB 60.09 million to RMB 36.77 million[14] - The company’s accounts receivable decreased by 31.88%, mainly due to the recovery of receivables from the previous period[4]