NANJING PORT(002040)
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南京港(002040) - 2014 Q3 - 季度财报
2014-10-27 16:00
Financial Performance - Net profit attributable to shareholders decreased by 56.52% year-on-year to CNY 2,767,994.36[7]. - Operating revenue for the reporting period was CNY 35,401,724.64, down 12.24% compared to the same period last year[7]. - Basic earnings per share were CNY 0.0113, reflecting a decline of 56.37% year-on-year[7]. - The weighted average return on net assets was 0.44%, down 0.58% from the previous year[7]. - The net cash flow from operating activities for the year-to-date was CNY 14,370,960.26, a decrease of 25.44% compared to the same period last year[7]. - The company expects a net profit attributable to shareholders for 2014 to decrease by 40.00% to 10.00% compared to the previous year[16]. - The company expects a decline in performance for 2014 due to macroeconomic conditions and market competition[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,860[10]. - The largest shareholder, Nanjing Port (Group) Co., Ltd., held 62.87% of the shares[10]. Assets and Gains - Total assets at the end of the reporting period were CNY 1,048,539,186.02, a decrease of 0.30% compared to the end of the previous year[7]. - Non-recurring gains and losses amounted to CNY 3,378,813.53 during the reporting period[8]. - The net profit attributable to shareholders for the year 2013 was 15.7687 million yuan[17].
南京港(002040) - 2014 Q2 - 季度财报
2014-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2014 was CNY 71,730,605.91, a decrease of 16.69% compared to CNY 86,096,369.14 in the same period last year[20]. - The net profit attributable to shareholders was CNY 10,971,249.26, down 31.44% from CNY 16,002,406.06 year-on-year[20]. - The basic earnings per share decreased by 31.49% to CNY 0.0446 from CNY 0.0651 in the same period last year[20]. - The net profit for the period was CNY 12,566,420.00, a decline of 34.6% from CNY 19,146,994.90 in the same period last year[108]. - The projected net profit for the first nine months of 2014 is expected to decline by 40.00% to 10.00% compared to the same period last year, primarily due to market impacts on the subsidiary Huiyang[51]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 41.67% to CNY 11,382,875.11, compared to CNY 8,035,008.80 in the previous year[20]. - The company's cash flow from operating activities was CNY 63,692,620.01, a decrease from CNY 71,698,643.73 in the previous period[113]. - The total cash and cash equivalents decreased by 271.44% to CNY -11,276,335.56, reflecting the combined effects of operating, investing, and financing activities[32]. - The cash and cash equivalents at the end of the period stood at CNY 39,229,852.44, down from CNY 68,296,851.39, indicating a decrease in liquidity[115]. - The company experienced a net decrease in cash and cash equivalents of CNY 11,276,335.56 during the period, contrasting with an increase of CNY 6,577,434.39 in the previous period[115]. Operational Metrics - The company completed a total throughput of 6.16 million tons, an increase of 4% year-on-year, with crude oil handling at 1.57 million tons, down 23,000 tons from last year[29]. - The company achieved a total throughput of 6.16 million tons in the first half of 2014, representing a 4% increase year-on-year, reaching 46.67% of the annual target[33]. - Operating costs decreased by 4.59% to CNY 41,973,589.17, while management expenses slightly decreased by 0.80% to CNY 20,125,889.82[31]. Shareholder and Equity Information - The net assets attributable to shareholders increased by 1.77% to CNY 630,631,698.91 compared to CNY 619,660,449.00 at the end of the previous year[20]. - The total owner's equity at the end of the reporting period is CNY 646,854,880, compared to CNY 625,737,010 at the end of the previous year, reflecting an increase of approximately 3.5%[124]. - The total equity attributable to shareholders increased to CNY 616,532,368.65 from CNY 607,357,861.00, reflecting a growth of 1.9%[106]. - The total amount of external guarantees at the end of the reporting period was CNY 15,562,000, with an actual guarantee balance of CNY 10,190,000, representing 16.16% of the company's net assets[77]. Corporate Governance and Compliance - The company maintained compliance with corporate governance regulations and improved internal management[58]. - There were no major litigation or arbitration matters during the reporting period[59]. - The company did not implement any stock incentive plans during the reporting period[65]. - The company did not provide any guarantees for shareholders, actual controllers, or related parties during the reporting period[78]. Strategic Focus and Future Plans - The company faced challenges from traditional industry adjustments and ongoing downward pressure on economic development[28]. - The company aims to optimize management and expand the market as part of its strategic focus for the year[29]. - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company plans to continue focusing on market expansion and enhancing operational efficiency in the upcoming quarters[126]. Accounting and Financial Reporting - The financial report for the half-year period was not audited[98]. - The financial statements for the first half of 2014 comply with the requirements of the enterprise accounting standards, reflecting the company's financial position as of June 30, 2014[138]. - The company's accounting currency is Renminbi (RMB)[140]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, measuring them at fair value[152]. Asset Management - The total assets at the end of the reporting period were CNY 1,050,001,556.98, a slight decrease of 0.16% from CNY 1,051,675,795.00 at the end of the previous year[20]. - Current assets totaled CNY 77,283,348.23, down from CNY 82,186,048.00 at the beginning of the period, indicating a decrease of approximately 6.9%[100]. - Total liabilities decreased from CNY 410,269,395.00 to CNY 396,028,736.33, reflecting a reduction of about 3.5%[102]. Investment and Capital Structure - The company reduced external investment by 86.35% to CNY 1,802,800.00 compared to CNY 13,208,000.00 in the previous year[39]. - The company has maintained a stable capital structure with no new capital injections reported during this period[126]. - The company aims to enhance its market position through strategic expansions and potential mergers and acquisitions in the future[131].
南京港(002040) - 2014 Q1 - 季度财报
2014-04-25 16:00
Financial Performance - The company's operating revenue for Q1 2014 was ¥38,451,204.49, a decrease of 8.9% compared to ¥42,207,266.78 in the same period last year[8] - Net profit attributable to shareholders was ¥5,225,072.53, down 33.63% from ¥7,872,931.28 year-on-year[8] - Basic and diluted earnings per share were both ¥0.0213, a decrease of 33.44% from ¥0.032 in the same period last year[8] - The weighted average return on equity was 0.84%, down from 1.3% year-on-year, a decrease of 0.46%[8] - The company expects net profit attributable to shareholders for the first half of 2014 to decline by 10% to 40% compared to the same period last year, estimating a range of ¥960.14 million to ¥1,440.22 million[16] Cash Flow - The net cash flow from operating activities was -¥5,353,010.00, representing a decline of 45.66% compared to -¥3,674,975.47 in the previous year[8] Assets and Equity - Total assets at the end of the reporting period were ¥1,053,848,568.85, a slight increase of 0.21% from ¥1,051,675,795.00 at the end of the previous year[8] - The net assets attributable to shareholders increased by 0.86% to ¥624,975,221.95 from ¥619,660,449.00 at the end of the previous year[8] External Factors - The decline in revenue and profit is attributed to the macroeconomic environment and increased competition in the surrounding area[17] - The company received government subsidies amounting to ¥948,712.77 during the reporting period[9]
南京港(002040) - 2013 Q4 - 年度财报
2014-04-15 16:00
Financial Performance - In 2013, the company's operating revenue was CNY 169,362,454, a decrease of 0.61% compared to CNY 170,399,125 in 2012[23]. - The net profit attributable to shareholders was CNY 15,768,715, representing a decline of 45.34% from CNY 28,850,026 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 9,855,925, down 63.24% from CNY 26,809,436 in 2012[23]. - The net cash flow from operating activities was CNY 29,714,276, a decrease of 40.62% compared to CNY 50,038,727 in 2012[23]. - Basic earnings per share were CNY 0.0641, down 45.35% from CNY 0.1173 in the previous year[23]. - The total profit for the year was 18.87 million, representing a decline of 48.83% from the previous year[31]. - The investment income from associated companies was 11.99 million, a decrease of 25.99% year-on-year[31]. - The cash flow from operating activities was 29.71 million, down 40.63% compared to the previous year[36]. Assets and Liabilities - Total assets at the end of 2013 were CNY 1,051,675,795, an increase of 0.2% from CNY 1,049,594,684 at the end of 2012[23]. - The net assets attributable to shareholders increased by 3.23% to CNY 619,660,449 from CNY 600,280,860 in 2012[23]. - The company's total assets included cash and cash equivalents of ¥50,506,188, a decrease of 1.08% from the previous year[52]. - The total amount of short-term borrowings was reduced to zero as the company repaid all short-term loans in 2013[53]. - The asset-liability ratio for Nanjing Port Longtan Container Co., Ltd. was reported at 40.28% as of December 31, 2013[69]. - The total approved external guarantee amount during the reporting period was CNY 2,822 million, with actual guarantees amounting to CNY 3,995 million[120]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares to all shareholders[5]. - The total cash dividend for 2013 is CNY 4,917,440, which represents 100% of the distributable profit of CNY 117,549,314[89]. - The cash dividend per 10 shares is CNY 0.20, based on a total share capital of 245,872,000 shares[89]. - The cash dividend payout ratio has increased from 19.99% in 2011 to 31.18% in 2013[88]. Operational Highlights - The company completed a total of 12.45 million tons in cargo handling, an increase of 2.8% year-on-year[30]. - Nanjing Port Longtan Container Co., Ltd. reported a container handling volume of 2.4 million TEUs, a year-on-year increase of 17.65%, with total revenue of RMB 356.8 million, up 1.18%[69]. - The company plans to handle a total of 13.2 million tons in 2014, including 3.72 million tons of crude oil, 2.74 million tons of liquid chemicals, and 5.43 million tons of refined oil[79]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure and actively fulfills social responsibilities[90]. - The company emphasizes employee welfare and has organized various activities to enhance employee engagement[90]. - The company has maintained compliance with environmental protection regulations and has not been subject to administrative penalties[91]. - The company has established a performance evaluation and incentive mechanism linking the income of senior management to the company's operational performance[179]. - The independent directors attended all board meetings and actively participated in decision-making, providing valuable opinions that were adopted by the company[190]. Strategic Initiatives and Future Outlook - The company aims to enhance internal controls and governance standards in 2014, focusing on compliance with internal control norms and improving operational efficiency[80]. - The macroeconomic outlook for 2014 predicts a potential growth rate of 2.5% for the U.S. economy, which may positively influence global economic conditions[75]. - The company plans to implement the "13th Five-Year Plan" development goals, emphasizing steady growth and modernizing the Yangtze River port infrastructure[144]. - The company is focused on developing new technologies and products to improve operational efficiency and service quality[144]. Related Party Transactions - The company has no significant related party transactions that contributed to over 10% of the total profit for the reporting period[115]. - The company has no non-operating related party debts, with a total receivable from related parties amounting to 690 million yuan, which was fully settled during the period[112]. - The company has established a strong reliance on related parties for specialized services, which helps reduce costs and ensure operational efficiency[108]. Management and Leadership - The current chairman of the board is Xiong Jun, who has extensive experience in logistics and port management[152]. - The company has a diverse board with members holding various degrees, including EMBA and PhD in economics[153][156]. - The management team includes experienced professionals in engineering and technology, indicating a commitment to operational efficiency[158]. - The company has a structured approach to governance with independent directors involved in oversight[164]. Employee Structure and Engagement - The company reported a total of 794 employees as of December 31, 2013, with a professional structure comprising 50.76% production workers and 11.72% management personnel[172]. - The educational background of employees shows that 17.25% hold a bachelor's degree or higher, while 34.89% have a high school or lower education level[173][174].