Financial Performance - The company's operating revenue for 2023 was CNY 2,816,204,624.20, a decrease of 4.79% compared to CNY 2,957,973,859.39 in 2022[23]. - The net profit attributable to shareholders of the listed company was CNY 82,082,401.85, down 35.71% from CNY 127,673,725.93 in the previous year[23]. - The net cash flow from operating activities increased by 53.64% to CNY 1,156,841,211.35 from CNY 752,953,050.59 in 2022[23]. - Basic earnings per share decreased by 35.71% to CNY 0.040994 from CNY 0.063764 in 2022[24]. - The total assets at the end of 2023 were CNY 17,208,881,792.65, a decrease of 2.64% from CNY 17,675,106,774.26 at the end of 2022[23]. - The weighted average return on net assets was 1.23%, down from 1.93% in 2022, reflecting a decrease of 0.70 percentage points[24]. - The company reported a net profit of CNY 25,642,046.95 in Q1 2023, with a decline in subsequent quarters leading to a total annual net profit of CNY 82,082,401.85[26]. - The company experienced a significant drop in net profit after deducting non-recurring gains and losses, reporting a loss of CNY 13,523,175.99 for 2023[23]. - In 2023, the company achieved a total revenue of CNY 2.8162 billion, a year-on-year decrease of 4.79%, and a net profit attributable to shareholders of CNY 82.08 million, down 35.71% year-on-year[33]. Dividend and Capital Management - The company plans to distribute a cash dividend of RMB 0.20 per share (including tax), totaling RMB 40,045,830 based on a total share capital of 2,002,291,500 shares as of December 31, 2023[6]. - The company does not plan to increase capital through profit distribution this year[6]. - The company has established a cash dividend policy that prioritizes cash distribution when conditions are met, targeting a minimum of 30% of the average distributable profit over the last three years[146]. - The total cash dividend amount is included in the overall profit distribution plan, with no shares being issued as stock dividends[150]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for the reporting period[148]. Audit and Compliance - The company received an unqualified audit report with an emphasis of matter from Da Hua Accounting Firm for the 2023 financial report[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[6]. - The company has not reported any significant violations or guarantees during the reporting period[193]. - The company is currently cooperating with the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged information disclosure violations, as indicated by the notice received on November 10, 2023[199]. - The company received a non-standard audit opinion from Da Hua Accounting Firm due to an ongoing investigation by the China Securities Regulatory Commission regarding past information disclosure violations[193]. Operational Performance - The grain segment maintained its position as the leading port for domestic corn transit, handling 33.2% of the Northeast's total, with a year-on-year increase of 1.2 percentage points[35]. - The oil products segment saw a slight increase in throughput, achieving a year-on-year growth of 0.6%, with new business contributing an additional 5.32 million tons[36]. - The container segment experienced a decline in throughput by 1.9% due to a shrinking domestic market, prompting the company to expand service offerings and reduce logistics costs[36]. - The miscellaneous goods segment's throughput decreased by approximately 4.73% due to reduced demand influenced by national policies and international conditions[36]. - The company implemented a "full logistics + agency procurement" model to enhance service efficiency and reduce logistics costs, stabilizing main revenue sources[37]. Strategic Initiatives - The company is actively pursuing new trade sources, including iron ore and lithium minerals, to diversify its cargo offerings[36]. - The company is focused on enhancing its logistics capabilities and service quality through strategic partnerships and infrastructure improvements[34]. - The company completed 144 bidding projects throughout the year, enhancing its bidding management practices[39]. - The company is leveraging national policy support to enhance its logistics capabilities and contribute to major national projects[47]. - The company aims to enhance its main business segments by stabilizing existing operations and exploring new sources of cargo, particularly in the oil and grain sectors[95]. Risk Management - The company has outlined potential risk factors and corresponding countermeasures in the report[10]. - The company faces risks from economic fluctuations, which could impact cargo throughput and overall operations[99]. - The company is also exposed to risks from policy adjustments that may affect the stability of its cargo sources and require additional investments for compliance[100]. - Competition in the port market poses risks, including potential cargo diversion and pressure on service quality and pricing strategies[101]. Governance and Shareholder Relations - The company held 3 shareholder meetings during the reporting period, providing online voting platforms and ensuring minority shareholders' rights were protected[104]. - The board of directors consists of 11 members, including 4 independent directors, and held 9 meetings during the reporting period[105]. - The supervisory board comprises 9 members, including 3 employee representatives, and convened 6 meetings to review key reports[106]. - The company issued 4 periodic reports and 82 temporary announcements, maintaining transparency and compliance with disclosure regulations[107]. - The company is committed to protecting the rights of minority shareholders and has established effective communication channels for investor relations[107]. Environmental Responsibility - The company invested approximately CNY 20.0043 million in environmental protection during the reporting period[157]. - The company processed a total of 49,791 tons of wastewater, adhering to the discharge standards set by Liaoning Province[163]. - The company emitted 0.92 tons of particulate matter, 1.14 tons of sulfur dioxide, and 11.53 tons of nitrogen oxides from its boilers in 2023[159]. - The company maintained compliance with environmental regulations, with no incidents of exceeding emission standards in 2023[165]. - The company conducted LDAR leak detection and repair work in June and December 2023, identifying and repairing 2 leak points[168]. Future Outlook - The company plans to achieve operating revenue of 297.2 million yuan for 2024 and has a total investment plan of 25.68 million yuan for port construction projects[94]. - The company provided a forward guidance of 1.5 billion in revenue for 2024, indicating a growth of 25% compared to 2023[118]. - The company is exploring potential acquisitions to enhance its service offerings and expand its customer base[118]. - The management team has emphasized a focus on sustainability, aiming for a 40% reduction in carbon emissions by 2025[121]. - The company plans to enhance its digital infrastructure, allocating 50 million RMB for technology upgrades in the upcoming year[124].

Financial Performance - The company's operating revenue for Q3 2023 was ¥540,121,355.51, a decrease of 11.73% compared to the same period last year[5] - The net profit attributable to shareholders was ¥95,681.66, down 79.23% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥23,476,264.69, not applicable for comparison[5] - The basic earnings per share for the current period was ¥0.0000478, a decrease of 79.23% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2023 reached ¥2,205,977,731.82, an increase of 14.2% compared to ¥1,930,592,352.72 in the same period of 2022[20] - Total operating costs for the first three quarters of 2023 were ¥2,228,840,184.49, up from ¥1,962,388,548.28, reflecting a year-on-year increase of 13.5%[20] - Operating profit for the first three quarters of 2023 was ¥53,496,212.57, a decrease of 42.7% from ¥93,428,279.14 in the previous year[20] - Net profit for the first three quarters of 2023 was ¥42,406,100.29, down 43.7% from ¥75,309,853.73 in the same period of 2022[20] - The net profit attributable to the parent company's shareholders for Q3 2023 was ¥45,371,336.95, a decrease of 41.3% compared to ¥77,450,970.34 in Q3 2022[21] - The total comprehensive income for Q3 2023 was ¥42,714,257.33, down 49.3% from ¥84,054,781.89 in Q3 2022[21] - The basic and diluted earnings per share for Q3 2023 were both ¥0.023, compared to ¥0.039 in Q3 2022, reflecting a decline of 41%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,540,028,587.15, a decrease of 0.76% from the end of the previous year[6] - The company's total assets as of the end of Q3 2023 amounted to ¥17,540,028,587.15, a slight decrease from ¥17,675,106,774.26 at the end of Q3 2022[17] - Current liabilities totaled ¥7,672,685,698.51, showing a marginal increase from ¥7,655,826,805.63 year-on-year[17] - Long-term borrowings decreased to ¥1,520,750,600.00 from ¥1,676,534,600.00, indicating a reduction of approximately 9.3%[17] - The company's equity attributable to shareholders increased to ¥6,712,409,353.11 from ¥6,656,897,445.06, reflecting a growth of 0.8%[17] - The company reported a significant increase in accounts payable, which rose to ¥660,213,123.46 from ¥576,794,130.93, marking an increase of 14.5%[17] - The total liabilities as of September 30, 2023, were ¥11,140,439,599.31, compared to ¥10,957,721,642.11 at the end of 2022, reflecting an increase of 1.7%[29] Cash Flow - The cash flow from operating activities for the year-to-date was ¥903,534,736.52, an increase of 3,039.18% compared to the same period last year[5] - Cash flow from operating activities for the first nine months of 2023 was ¥903,534,736.52, significantly up from ¥28,782,525.70 in the same period of 2022[24] - Cash inflow from operating activities totaled ¥10,077,543,104.51 for the first nine months of 2023, an increase of 36.4% from ¥7,380,251,042.28 in the previous year[24] - Cash outflow from operating activities was ¥9,174,008,367.99 for the first nine months of 2023, compared to ¥7,351,468,516.58 in the same period of 2022[24] - The net cash flow from investing activities for the first nine months of 2023 was ¥541,566,454.55, down from ¥655,987,916.64 in the same period of 2022[25] - The net cash flow from financing activities for the first nine months of 2023 was -¥1,727,420,956.96, compared to -¥612,764,934.18 in the same period of 2022[25] - The company reported a total cash inflow from financing activities of ¥5,503,101,596.00 for the first nine months of 2023, an increase of 13.8% from ¥4,834,718,329.56 in the same period of 2022[25] Shareholder Information - The company has a total of 97,648 common shareholders as of the report date[11] - The top ten shareholders collectively hold significant stakes, with Dalian Port Investment Holding Group Co., Ltd. owning 19.08% of shares[11] - The company has received a total of ¥201,806.61 million in equity transfer payments from Baolai Group, along with ¥28,142.88 million in funds occupation fees as of October 27, 2023[12] - The company holds a 30.77% stake in Liaoning Baolai Chemical Co., which was transferred to Baolai Group for a total price of ¥206,806.61 million[12] Strategic Initiatives - The company plans to enhance its market expansion strategies and focus on new product development in the upcoming quarters[10] - The company has engaged in strategic agreements with Baolai Group regarding the payment of equity transfer fees, with varying annual interest rates applied[12] Financial Reporting - The company's financial statements are currently unaudited, indicating that final figures may be subject to change[15] - The company’s non-current assets and other financial details are still pending further disclosure in the upcoming reports[15] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[34]

Financial Performance - The company's operating revenue for Q1 2023 was ¥881,536,370.21, representing a year-on-year increase of 46.63%[4] - The net profit attributable to shareholders decreased by 43.82% to ¥25,642,046.95 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 186.70% to ¥6,089,482.95[4] - The basic and diluted earnings per share were both ¥0.0128064, down 43.82% year-on-year[4] - Total operating revenue for Q1 2023 reached ¥881,536,370.21, a significant increase of 46.7% compared to ¥601,186,994.19 in Q1 2022[17] - Net profit for Q1 2023 was ¥23,725,728.93, a decrease of 45.3% from ¥43,389,526.78 in Q1 2022[18] - The total profit for Q1 2023 was ¥30,326,825.03, down 47.3% from ¥57,488,156.68 in Q1 2022[18] - Basic earnings per share for Q1 2023 were ¥0.01, down from ¥0.02 in Q1 2022[18] - Total comprehensive income for Q1 2023 was CNY 29.44 million, compared to CNY 62.34 million in Q1 2022, reflecting a decrease of 52.8%[27] - The company’s operating profit for Q1 2023 was CNY 31.64 million, down 47.9% from CNY 60.66 million in Q1 2022[26] Cash Flow - The net cash flow from operating activities was ¥358,085,603.25, not applicable for year-on-year comparison[4] - Cash flow from operating activities for Q1 2023 was ¥358,085,603.25, a recovery from a negative cash flow of -¥136,049,572.47 in Q1 2022[20] - Cash inflow from operating activities totaled ¥2,904,331,076.57, compared to ¥2,511,016,594.92 in Q1 2022, reflecting a growth of 15.6%[20] - Cash outflow from operating activities was ¥2,546,245,473.32, slightly down from ¥2,647,066,167.39 in Q1 2022[20] - The net cash flow from investment activities was 381,845,334.22 RMB, an increase from 344,556,918.04 RMB year-over-year, reflecting a growth of approximately 10.5%[22] - The cash flow from financing activities resulted in a net outflow of -1,303,495,975.31 RMB, compared to -116,687,425.85 RMB in the previous year, indicating a significant increase in cash outflow[22] - The company reported a net cash flow from operating activities of CNY 602.28 million, a significant improvement from a negative cash flow of CNY -219.67 million in Q1 2022[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,094,755,075.45, a decrease of 3.28% from the end of the previous year[5] - The company's total liabilities as of March 31, 2023, were ¥10,308,003,221.58, down from ¥10,917,420,853.84 at the end of 2022, indicating a reduction of about 5.58%[14] - As of March 31, 2023, the company's total assets amounted to ¥17,094,755,075.45, a decrease from ¥17,675,106,774.26 as of December 31, 2022, representing a decline of approximately 3.29%[12] - The company's cash and cash equivalents stood at ¥1,157,920,222.92 as of March 31, 2023, compared to ¥1,554,382,717.92 at the end of 2022, reflecting a decrease of approximately 25.43%[12] - The company's total equity as of March 31, 2023, was ¥6,786,751,853.87, a slight increase from ¥6,757,685,920.42 at the end of 2022, representing an increase of approximately 0.43%[14] - The company's total liabilities decreased to 10,641,675,949.00 RMB from 10,957,721,642.11 RMB, showing a decline of about 2.9%[25] - The company's short-term borrowings were reported at 1,751,082,188.89 RMB, down from 1,853,161,474.44 RMB, reflecting a decrease of approximately 5.5%[25] - The long-term borrowings decreased to 1,446,549,600.00 RMB from 1,676,534,600.00 RMB, indicating a reduction of about 13.7%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 100,743[8] - The equity attributable to shareholders increased by 0.47% to ¥6,687,916,241.86 compared to the end of the previous year[5] - The company's total equity increased to 6,541,982,615.09 RMB from 6,507,980,704.48 RMB, reflecting a growth of approximately 0.5%[25] Inventory and Receivables - Accounts receivable increased to ¥699,616,685.24 as of March 31, 2023, from ¥608,921,654.14 at the end of 2022, marking an increase of about 14.87%[12] - The company reported a decrease in inventory to ¥11,341,996.73 as of March 31, 2023, from ¥11,688,842.20 at the end of 2022, a decline of about 2.96%[12] - The company's accounts receivable increased to 631,604,381.87 RMB from 540,828,531.61 RMB, representing a growth of approximately 16.8%[24] - The inventory level rose to 4,550,554.73 RMB from 4,125,478.23 RMB, indicating an increase of about 10.3%[24] Financial Expenses - The company reported a decrease in financial expenses, with interest expenses at ¥111,353,570.97, down from ¥124,414,108.45 in Q1 2022[17] - The company incurred financial expenses of CNY 123.31 million, slightly down from CNY 127.67 million in the same period last year[26] - The company reported a decrease in credit impairment losses to CNY 45.28 million from CNY 56.89 million in Q1 2022, a reduction of 20.5%[26] Non-Recurring Gains - The company reported non-recurring gains of ¥19,552,564.00 for the period, with significant contributions from government subsidies and other income[6] - The company has received a total of ¥191,806.61 million in equity transfer payments and incurred a financial occupancy fee of ¥28,142.88 million[10] - Investment income for Q1 2023 was CNY 12.78 million, a decrease of 71.3% from CNY 44.50 million in Q1 2022[26]

Financial Performance - The company's operating revenue for Q3 2022 was ¥611,877,649.62, a decrease of 14.36% compared to ¥714,509,758.85 in the same period last year[7] - Net profit attributable to shareholders was ¥460,730.08, down 98.85% from ¥39,945,114.74 year-on-year[7] - The net profit after deducting non-recurring gains and losses was -¥16,632,877.73, a decline of 176.46% compared to ¥21,753,885.68 in the previous year[7] - Basic earnings per share were ¥0.0002302, down 98.85% from ¥0.0199495 year-on-year[7] - Total operating revenue for the first three quarters of 2022 was CNY 1,930,592,352.72, a decrease of 2.66% compared to CNY 1,983,423,368.80 in the same period of 2021[22] - Net profit for the third quarter of 2022 was CNY 75,309,853.73, down 44.4% from CNY 135,290,917.58 in the same quarter of 2021[24] - The net profit for the first three quarters of 2022 was ¥87,060,169.11, a decrease of 13.9% from ¥101,114,924.09 in the previous year[31] Cash Flow - The net cash flow from operating activities decreased by 94.03%, amounting to ¥28,782,525.70 compared to ¥482,492,797.92 in the same period last year[11] - The company's cash flow from operating activities showed a significant decline, impacting overall liquidity[22] - Operating cash inflow for the first three quarters of 2022 reached CNY 7,380,251,042.28, a 33.9% increase from CNY 5,509,902,127.89 in the same period of 2021[26] - Net cash flow from operating activities was CNY 28,782,525.70, significantly down from CNY 482,492,797.92 in the previous year[26] - Cash inflow from financing activities amounted to CNY 4,834,718,329.56, up from CNY 3,762,560,000.00 in 2021[27] - Net cash flow from financing activities was negative at CNY -612,764,934.18, an improvement from CNY -1,317,187,958.44 in the previous year[27] - Net cash flow from investment activities decreased to CNY 162,456,436.14 from CNY 292,791,053.96 year-on-year[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,934,092,877.71, a decrease of 2.86% from ¥18,462,626,185.25 at the end of the previous year[7] - Total liabilities decreased to CNY 11,218,138,997.21, down from CNY 11,798,471,631.23, a reduction of 4.92%[20] - The company's total equity increased to ¥6,473,610,903.99 in Q3 2022, compared to ¥6,409,958,524.79 in Q3 2021, reflecting a growth of 1%[30] - The total current assets decreased to ¥3,445,865,072.44 from ¥4,018,116,407.46, reflecting a decline of about 14.2%[18] - The company's total assets decreased to CNY 17,934,092,877.71 from CNY 18,462,626,185.25, reflecting a decline of 2.86%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,416[12] - The company’s major shareholders include Dalian Port Investment Holding Group Co., Ltd. with a 19.08% stake and Tibet Haihan Transportation Development Co., Ltd. with a 14.52% stake[14] - The company has no major shareholders involved in margin financing or securities lending activities[14] Investment Activities - The company received a total of ¥146,806.61 million in equity transfer payments and ¥21,240.38 million in funds occupation fees from the transfer of its stake in Liaoning Baolai Chemical Co., Ltd.[15] - The company has a 30.77% stake in Liaoning Baolai Chemical Co., Ltd., which was transferred for a total price of ¥206,806.61 million[15] - The company reported a total of ¥59,461,281.25 in investment income for the first three quarters of 2022, up from ¥35,803,202.34 in the same period of 2021[31] Operational Challenges - The company experienced a significant decline in container throughput and changes in cargo structure, contributing to increased costs and reduced efficiency due to ongoing pandemic impacts[11] - Total operating costs increased to CNY 1,962,388,548.28, up 3.93% from CNY 1,888,560,149.74 year-on-year[22] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to improve performance[22]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,318,714,703.10, representing a 3.92% increase compared to CNY 1,268,913,609.95 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2022 was CNY 76,990,240.26, a decrease of 22.59% from CNY 99,459,330.08 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,478,965.50, down 88.49% from CNY 30,235,860.51 in the same period last year[19] - Basic earnings per share for the first half of 2022 were CNY 0.038451, down 22.59% from CNY 0.049673 in the same period last year[20] - The weighted average return on net assets decreased by 0.35 percentage points to 1.17% compared to 1.52% in the previous year[20] - The company reported a total comprehensive income of RMB 83,567,980.50, compared to RMB 88,590,178.04 in the previous year[136] - The profit attributable to shareholders of the parent company was RMB 76,990,240.26, down 22.6% from RMB 99,459,330.08 in the first half of 2021[136] - The company reported a total comprehensive income of CNY 102,939,544.44, which includes a net profit distribution of CNY -40,045,830.00 to shareholders[150] Cash Flow and Assets - The net cash flow from operating activities increased by 104.16% to CNY 237,488,150.06, compared to CNY 116,323,242.70 in the previous year[19] - The company's cash inflow from operating activities for the first half of 2022 was CNY 5,493,893,931.99, an increase of 32.9% compared to CNY 4,132,737,777.09 in the same period of 2021[142] - The net cash flow from operating activities for the parent company was CNY 1,230,251,064.08, a turnaround from a negative cash flow of -CNY 86,400,114.96 in the first half of 2021[145] - The company's cash and cash equivalents at the end of the period totaled CNY 1,005,399,870.40, compared to CNY 1,140,731,809.50 at the end of the first half of 2021[143] - Total assets at the end of the reporting period were CNY 18,040,422,520.70, a decrease of 2.29% from CNY 18,462,626,185.25 at the end of the previous year[19] - Total current assets decreased from CNY 4,018,116,407.46 to CNY 3,486,430,592.30[130] - Cash and cash equivalents increased from CNY 583,038,570.01 to CNY 1,222,879,964.09, an increase of about 109%[132] Operational Highlights - The company operates in the transportation and storage industry, specifically in maritime transportation, with a focus on port comprehensive transportation services[25] - The company's core business includes cargo handling, transportation, and storage services, primarily dealing with containers, metal ores, oil products, and grains[26] - The macroeconomic environment and the port industry’s upstream and downstream conditions significantly impact the company's throughput and profitability, with a slowdown in economic growth affecting core cargo transactions[27] - The company benefits from a well-developed transportation network, enhancing its logistics capabilities and customer satisfaction[28] - The company has established a commodity trading service center to facilitate online trading of bulk commodities, increasing throughput and customer loyalty[29] - In the first half of 2022, national port cargo throughput was 7.581 billion tons, a decrease of 0.8% year-on-year, while container throughput increased by 3.0%[30] Cost and Expenses - Operating costs rose to CNY 985.26 million, reflecting a year-on-year increase of 16.90%, primarily due to changes in cargo structure and rising fuel prices[41] - The company experienced a credit impairment loss of RMB 54,733,009.64, compared to RMB 5,880,555.64 in the previous year, indicating a substantial increase in credit risk[135] - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 237.49 million, up 104.16% year-on-year[42] Investments and Capital Structure - The company completed a capital increase of 500 million RMB in Jinguo Petrochemical during the reporting period[52] - The company plans to invest 500 million RMB in Qihui Aluminum, acquiring a 20% stake, as part of a capital increase for the alumina project[100] - The company also plans to invest 500 million RMB in Jinguotou Petrochemical, acquiring a 25% stake, for the propane dehydrogenation and fuel oil desulfurization project[103] - The company has provided guarantees for loans taken by its joint venture, with a total loan amount of CNY 1.4 billion, of which it has assumed a liability of CNY 58.8 million due to overdue payments[96] Regulatory and Compliance Issues - The company received a warning letter from the China Securities Regulatory Commission due to retrospective adjustments in revenue and cost figures for multiple financial reports, affecting total revenue adjustments of approximately CNY 2.44 billion for 2020 and CNY 2.45 billion for the first half of 2021[97] - The company was criticized by the Shanghai Stock Exchange on July 19, 2022, for inaccuracies in financial data disclosed in reports from 2020 and 2021[98] Environmental and Social Responsibility - The company emitted 7.91 tons of SO2, 12.62 tons of NOX, and 1.78 tons of particulate matter from boiler exhaust[72] - The company processed a total of 34,758 tons of wastewater in the first half of 2022, with all pollutants meeting discharge standards[79] - The solid waste generated in the first half of 2022 amounted to 5,103.2 tons of slag, all of which was transferred to a qualified processing unit[80] - The company provided a total of 36,000 yuan in holiday relief funds to 32 employees in need and 83,000 yuan in "love fund" assistance to 14 employees facing severe health issues in the first half of 2022[85] Corporate Governance - There were changes in the board of directors, with new appointments including Ding Jinhui as Executive Vice President and Zhang Wenbo as Vice President[67] - The company has not proposed any profit distribution or capital reserve increase for the half-year period, indicating a focus on reinvestment[68] - The company commits to maintaining independence in operations, assets, and finances with Jinzhou Port, ensuring no preferential treatment is given to its subsidiaries over independent third parties[90] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 102,627[116] - The top shareholder, Dalian Port Investment Holding Group Co., Ltd., holds 19.08% of shares, totaling 382,110,546 shares[118] - The first phase employee stock ownership plan holds 8,723,288 shares, while the second phase holds 10,299,990 shares[119]

Financial Performance - The company's operating revenue for Q1 2022 was ¥601,186,994.19, a decrease of 10.21% compared to ¥1,517,278,990.36 in the same period last year[6] - The net profit attributable to shareholders was ¥45,646,636.81, down 11.36% from ¥51,498,444.51 year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,123,966.79, reflecting a significant decline of 87.32% from ¥16,756,852.18 in the previous year[6] - Basic earnings per share decreased to ¥0.0228 from ¥0.0257, marking an 11.36% decline[7] - The company reported a significant decrease in profit due to changes in product mix and reduced contributions from high-margin products, alongside decreased trade business profits[11] - Net profit for Q1 2022 was ¥43,389,526.78, down 13.3% from ¥50,053,320.84 in Q1 2021[24] - The company's investment income for Q1 2022 was CNY 44,502,173.74, significantly higher than CNY 15,452,585.55 in Q1 2021, marking an increase of 187.73%[34] - The comprehensive income for Q1 2022 was CNY 62,335,100.69, compared to CNY 42,543,702.04 in Q1 2021, reflecting a growth of 46.67%[35] Cash Flow - The net cash flow from operating activities was negative at -¥136,049,572.47, compared to a positive cash flow of ¥29,756,618.99 in the same period last year[7] - In Q1 2022, the cash inflow from operating activities was CNY 2,638,398,736.54, an increase of 36% compared to CNY 1,941,815,775.25 in Q1 2021[37] - The net cash flow from operating activities was negative at CNY -219,668,827.40, a decline from a positive CNY 215,758,060.73 in the same period last year[37] - Cash inflow from investment activities totaled CNY 378,062,499.98, significantly up from CNY 28,978,899.54 in Q1 2021, marking an increase of over 1200%[37] - The net cash flow from investment activities was CNY 331,109,917.17, compared to CNY 12,276,388.86 in Q1 2021, indicating a substantial improvement[37] - The net cash flow from financing activities improved to CNY -68,990,422.40 from CNY -593,866,121.36 in Q1 2021, showing a positive trend[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥18,284,929,987.28, a decrease of 0.96% from ¥18,462,626,185.25 at the end of the previous year[7] - Total liabilities decreased to ¥11,569,001,747.84 from ¥11,798,471,631.23, a reduction of 2.0%[21] - The company's total non-current assets amounted to ¥14,109,877,425.15, a decrease from ¥14,444,509,777.79[21] - The total liabilities increased to CNY 11,514,333,740.71 in Q1 2022, compared to CNY 11,439,499,605.19 in Q1 2021, reflecting a growth of 0.66%[32] - The total cash and cash equivalents at the end of Q1 2022 were CNY 358,280,587.94, down from CNY 400,870,279.96 at the end of Q1 2021[37] Shareholder Information - The total equity attributable to shareholders increased slightly by 0.82% to ¥6,615,427,265.50 from ¥6,561,416,637.66 at the end of the previous year[7] - The total number of common shareholders at the end of the reporting period is 107,879[13] - The largest shareholder, Dalian Port Investment Holding Group Co., Ltd., holds 382,110,546 shares, accounting for 19.08% of total shares[13] - The company has a significant portion of its shares marked or pledged, with 294,220,000 shares marked and 300,343,151 shares pledged by the second-largest shareholder[13] Future Plans and Investments - The company plans to receive remaining equity transfer payments from Baolai Group in stages by the end of 2023[15] - The company plans to focus on expanding its investment activities and improving cash flow management in the upcoming quarters[29] - The company acquired land use rights for RMB 4,905.45 million to meet future development needs[17] - The company received CNY 300,000,000.00 from investment recoveries in Q1 2022, indicating active management of investments[37] - The cash paid for purchasing fixed assets and other long-term assets was CNY 36,952,582.81, up from CNY 16,702,510.68 in Q1 2021, reflecting increased capital expenditure[37]

2021 年第三季度报告 债券代码：163483 债券简称：20 锦港 01 证券代码：600190/900952 证券简称：锦州港/锦港 B 股 锦州港股份有限公司 2021 年第三季度报告 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。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | | 年初至报告期末 | | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 3.72 billion, representing a year-on-year increase of 17.21% compared to CNY 3.17 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was approximately CNY 99.46 million, a decrease of 5.74% from CNY 105.52 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 30.24 million, down 18.62% from CNY 37.16 million in the same period last year[20]. - The net cash flow from operating activities for the first half of 2021 was approximately CNY 116.32 million, a significant decrease of 72.90% compared to CNY 429.22 million in the previous year[20]. - The total assets at the end of the reporting period were approximately CNY 17.87 billion, a decrease of 2.26% from CNY 18.28 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 6.54 billion, an increase of 0.96% from CNY 6.48 billion at the end of the previous year[20]. - Basic earnings per share for the first half of 2021 were CNY 0.0497, down 5.74% from CNY 0.0527 in the same period last year[20]. - Diluted earnings per share for the first half of 2021 were also CNY 0.0497, reflecting the same decrease of 5.74% compared to the previous year[20]. - The weighted average return on net assets for the first half of 2021 was 1.52%, a decrease of 0.13 percentage points from 1.65% in the previous year[20]. Revenue Sources - The port service revenue decreased by 0.81% year-on-year to 80,403.43 million yuan, while trade business revenue increased by 24.98% year-on-year to 276,027.94 million yuan[33]. - The company's performance is driven by port throughput, pricing of handling and storage fees, and cost management, with fixed asset depreciation and labor costs being significant components of overall costs[25]. - The company maintained a market share of nearly one-third of the Northeast's bulk corn transshipment, remaining the top port for domestic grain transshipment in China[34]. - Container throughput increased by 21.1% year-on-year, supported by the successful launch of the "Jinzhou-Moscow" cross-border direct train and the new "Jinzhou-Ningbo" direct shipping route[34]. Strategic Initiatives - The company aims to enhance its core competitiveness by leveraging its geographical advantages and improving service quality, while actively participating in national strategies such as the "Belt and Road" initiative[29]. - The company has initiated five major projects focusing on enhancing port capabilities, integrating land and sea operations, and promoting green and safe port development[28]. - The company is positioned as a key regional port operator in Liaoning, benefiting from the construction of the Northeast Land-Sea New Corridor and the development of regional strong ports[27]. - The company is committed to fostering upstream and downstream integration in the supply chain to increase dependency on port services and drive revenue growth[24]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with major water pollutants including COD, ammonia nitrogen, total phosphorus, and total nitrogen, and air pollutants including smoke, SO2, NOX, and VOCs[68]. - The company has implemented a dust control strategy, achieving a 100% coverage rate for dust suppression measures on all bulk cargo and exposed areas[78]. - The company has invested over 6 million CNY in environmental dust reduction efforts during the reporting period[78]. - The company actively participates in rural revitalization initiatives, contributing to poverty alleviation and community support[79]. Financial Position and Investments - The total amount of external equity investments at the end of the reporting period was CNY 331,986.35 million, with long-term equity investments increasing by 1.34% to CNY 314,332.49 million[46]. - The company plans to invest in two major port-related industrial projects: a propane dehydrogenation project and an alumina project, with the latter already partially under construction[37]. - The company reported a total of 69,223,469.57 in non-operating income, with various adjustments impacting the overall financial results[21]. - The company is actively exploring diversified financing channels, having approved the issuance of 15 billion yuan in corporate bonds and 10 billion yuan in medium-term notes[36]. Risk Management - The company faces risks from macroeconomic fluctuations, which could impact port throughput and profitability due to its reliance on bulk cargo trade[54]. - The company is enhancing its market adaptability and risk control capabilities to address potential economic changes and competition in the port industry[56]. Corporate Governance - The company held its 2020 annual general meeting on May 19, 2021, where all 19 proposals, including the 2020 annual report and the 2021 financial budget, were approved without any rejections[60]. - The company proposed a profit distribution plan for the first half of 2021, indicating no dividends or stock bonuses, with a plan to distribute 0 shares for every 10 shares held[62]. - The company has not engaged in direct port operations in the Jinzhou area, thus avoiding substantial competition with Jinzhou Port[89]. - The company will ensure that all related transactions are conducted in a fair and transparent manner, complying with relevant laws and regulations[88]. Accounting and Financial Reporting - The company’s financial statements are prepared based on the assumption of continuous operation, following the relevant accounting standards[155]. - The company employs an expected credit loss model for assessing impairment of financial instruments, which requires significant judgment and estimation[160]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[167]. - The company recognizes income, expenses, and cash flows from subsidiaries or businesses disposed of from the beginning of the reporting period to the disposal date in the consolidated financial statements[176].

Financial Performance - The company's operating revenue for 2020 was RMB 6,804,217,807.24, a decrease of 3.25% compared to RMB 7,032,618,014.28 in 2019[20] - The net profit attributable to shareholders for 2020 was RMB 186,998,887.83, an increase of 11.55% from RMB 167,638,363.96 in 2019[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 37,602,313.72, a decrease of 64.97% compared to RMB 107,335,151.36 in 2019[20] - The net cash flow from operating activities for 2020 was RMB 769,957,619.48, an increase of 12.86% from RMB 682,201,728.03 in 2019[20] - The total assets at the end of 2020 were RMB 18,280,016,110.65, an increase of 5.34% from RMB 17,352,869,127.10 at the end of 2019[20] - The net assets attributable to shareholders at the end of 2020 were RMB 6,478,198,137.13, an increase of 2.32% from RMB 6,331,014,108.94 at the end of 2019[20] - The basic earnings per share for 2020 were RMB 0.093392, an increase of 11.55% from RMB 0.083723 in 2019[21] - The diluted earnings per share for 2020 were also RMB 0.093392, reflecting the same increase of 11.55% from RMB 0.083723 in 2019[21] - The weighted average return on equity for 2020 was 2.92%, an increase of 0.25 percentage points from 2.67% in 2019[21] Revenue and Profit Distribution - The company proposed a cash dividend of RMB 0.20 per 10 shares for the 2020 profit distribution plan[5] - The company reported operating revenue of CNY 6,804,217,807.24, a decrease of 3.25% compared to the same period last year[46] - The net profit attributable to shareholders increased by 11.55% year-on-year to CNY 18,699.89 million, primarily due to gains from the sale of equity in Baolai Chemical[43] - The profit attributable to ordinary shareholders in 2020 was 186,998,887.83 RMB, with a profit distribution ratio of 21.42%[101] - The profit attributable to ordinary shareholders in 2019 was 167,638,363.96 RMB, with a profit distribution ratio of 23.89%[101] - The company did not propose a cash dividend distribution plan for 2020, despite having a positive profit available for distribution to ordinary shareholders[104] Cash Flow and Investments - The net cash flow from investment activities was CNY 120,428,889.55, a significant improvement from a negative cash flow of CNY 194,591,363.01 in the previous year[46] - The company's cash and cash equivalents increased to CNY 1,334.78 million, a rise of 145.44% compared to the previous period, primarily due to increased cash flow from port operations and receipt of equity transfer payments[32] - The company’s financial expenses rose by 4.01% to CNY 570,275,599.53, mainly due to an increase in average interest-bearing debt[58] - The company successfully issued CNY 6 billion in medium-term notes and CNY 4.2 billion in corporate bonds to optimize its debt structure[42] Operational Highlights - The company maintained its core business in port services and trade, leveraging its geographical advantages to attract logistics and commodity trading clients[30] - The revenue structure is diversified, with key commodities including oil, chemicals, grains, coal, and metals, which are essential for maintaining market competitiveness[30] - The company aims to enhance customer engagement and increase cargo throughput by expanding its trading business, which is crucial for revenue stability[30] - The company completed an investment of CNY 394,508.1 million in various port construction projects during the year[41] - The company achieved a total operating revenue of CNY 680,421.78 million in 2020, a decrease of 3.25% compared to the previous year[43] Market and Competitive Position - The company is strategically positioned in Jinzhou Port, which serves as a critical transportation hub connecting Northeast and North China, enhancing its competitive advantage[35] - The company maintained its position as the largest domestic corn transshipment port for 21 consecutive years, increasing its market share by 3.1 percentage points[39] - The company anticipates a continued recovery in port operations, driven by increased domestic transportation and imports of bulk materials[64] Environmental and Compliance Efforts - The company has been listed as a key pollutant discharge unit by the Jinzhou Ecological Environment Bureau, with major emissions including COD, ammonia nitrogen, total phosphorus, and total nitrogen[133] - The company has installed online monitoring equipment for wastewater discharge, ensuring compliance with the Liaoning Province wastewater discharge standards[133] - The company has upgraded its boiler emission control systems, implementing a bag filter system and enhancing desulfurization and denitrification processes to comply with the latest emission standards[137] Governance and Shareholder Relations - The company has no controlling shareholder, as no single shareholder holds more than 50% of the shares[154] - The total number of ordinary shareholders increased from 93,311 to 94,998 during the reporting period[150] - The company maintains a clear separation between its operations and any shareholder influence, ensuring independent management[155] - The company has established a robust internal control system, maintaining effective financial reporting controls for 10 consecutive years[184] Future Outlook and Strategic Plans - The company plans to achieve operating revenue of 6.717 billion yuan in 2021, with a total investment of 670 million yuan in port construction[89] - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million yuan earmarked for potential deals[170] - The company is investing in new technology development, allocating 50 million yuan for R&D initiatives[170] - The company plans to enhance its logistics capabilities, investing 100 million yuan in infrastructure improvements[170]

Financial Performance - Operating revenue for the reporting period was CNY 1,517,278,990.36, an increase of 24.80% year-on-year[5] - Net profit attributable to shareholders was CNY 16,756,852.18, a decrease of 66.27% compared to the same period last year[5] - Basic earnings per share for the reporting period were CNY 0.0257198, an increase of 8.04% compared to the previous year[5] - The company reported a net profit of CNY 51,498,444.51, an increase of 8.04% year-on-year[5] - The total comprehensive income attributable to the parent company was CNY 47,968,803.78, compared to CNY 43,967,909.95 in Q1 2020, reflecting an increase of 9.1%[30] - Net profit for Q1 2021 was ¥50,053,320.84, compared to ¥48,773,410.28 in Q1 2020, indicating a growth of 2.6%[26] - The total profit for the quarter was CNY 56,315,229.30, compared to CNY 40,092,051.26 in the same period last year, marking a growth of 40.4%[29] Cash Flow - Cash flow from operating activities was CNY 29,756,618.99, down 84.35% year-on-year[5] - The cash flow from operating activities was CNY 29,756,618.99, a significant decrease from CNY 190,156,665.82 in Q1 2020[33] - The total cash outflow for operating activities was CNY 1,726,057,714.52, compared to CNY 1,341,513,322.85 in the previous year, indicating a significant increase in operational expenses[35] - Cash inflow from financing activities amounted to CNY 1,617,360,000.00, with cash outflow totaling CNY 2,249,570,271.07, leading to a net cash flow of -CNY 632,210,271.07[34] - The cash inflow from investment activities decreased to CNY 28,978,899.54 in Q1 2021 from CNY 54,425,315.73 in Q1 2020[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 18,074,190,160.63, a decrease of 1.13% compared to the end of the previous year[5] - The company's total liabilities as of March 31, 2021, were RMB 11.44 billion, down from RMB 11.69 billion at the end of 2020[19] - Total liabilities reached ¥11,693,155,820.86, reflecting an increase of ¥72,171,981.19 from the last reporting period[39] - The company's equity attributable to shareholders increased to RMB 6.53 billion from RMB 6.48 billion, reflecting a growth of approximately 0.3%[19] - The company's total assets as of March 31, 2021, amounted to ¥17,472,811,989.89, slightly down from ¥17,548,748,896.07 at the end of 2020[23] Shareholder Information - The number of shareholders at the end of the reporting period was 93,311[7] - The top shareholder, Dalian Port Investment Holding Group Co., Ltd., held 382,110,546 shares, accounting for 19.08% of total shares[8] Investment Plans - The company plans to transfer 30.77% equity in Baolai Chemical for ¥206,806.61 million, with ¥76,806.61 million received to date[11] - The company intends to non-publicly issue up to 500,000,000 A-shares, aiming to raise no more than ¥162,000 million, pending shareholder and regulatory approvals[12] - The company will increase its investment in Zhongsi Jinguang by converting ¥29,400,000 of debt into equity, maintaining a 49% stake post-transaction[12] - The company plans to increase its investment in Jin Guo Tou (Jinzhou) Petrochemical Co., Ltd. by contributing RMB 500 million, resulting in a 25% equity stake after the capital increase, raising the registered capital to RMB 2 billion[13] - The company intends to invest RMB 500 million in Chifeng Qihui Aluminum Industry Development Co., Ltd., which will increase its registered capital to RMB 2.5 billion, giving the company a 20% equity stake[14] Inventory and Receivables - Accounts receivable decreased by 51.25% to ¥299,754,505.02 from ¥614,887,855.52 primarily due to the collection of trade receivables[9] - Inventory increased significantly by 4,273.16% to ¥407,915,195.65 from ¥9,327,694.58, indicating unsold trade inventory[9] Financial Ratios - The weighted average return on equity increased by 0.04 percentage points to 0.79%[5] - The company reported a gross profit margin of approximately 2.4% for Q1 2021, compared to 5.3% in Q1 2020[26] Financial Stability - The company has maintained a stable financial position with no significant changes in equity components[43] - The implementation of new leasing standards starting in 2021 has been noted, which may affect future financial reporting and cash flow[36]