Financial Performance - The company's operating revenue for 2019 was CNY 736,824,714.54, an increase of 2.66% compared to CNY 717,718,176.42 in 2018[18]. - Net profit attributable to shareholders decreased by 20.66% to CNY 130,124,169.57 from CNY 164,009,013.07 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 113,511,541.60, down 2.18% from CNY 116,038,590.82 in 2018[18]. - The net cash flow from operating activities increased by 9.25% to CNY 314,608,081.74 from CNY 287,968,932.24 in 2018[18]. - Basic and diluted earnings per share were both CNY 0.2689, a decrease of 20.66% from CNY 0.3389 in 2018[18]. - Total assets at the end of 2019 were CNY 4,657,066,428.97, a decrease of 0.74% from CNY 4,691,834,053.97 at the end of 2018[18]. - Net assets attributable to shareholders increased by 4.40% to CNY 2,679,413,807.94 from CNY 2,566,414,617.45 in 2018[18]. - The company reported a total of CNY 160,789,094.81 in revenue for Q1 2019, with a net profit of CNY 25,678,302.17[23]. - The company received government subsidies amounting to CNY 22,614,223.39 in 2019, compared to CNY 18,086,146.12 in 2018[24]. - In 2019, the company achieved a total revenue of CNY 736.82 million, an increase of 2.66% compared to the previous year[31]. Operational Highlights - The liquid bulk cargo throughput was 22.53 million tons, achieving 93.30% of the annual target of 24.15 million tons, a year-on-year decrease of 12.26%[31]. - Container throughput reached 3.06 million TEU, an increase of 4.26% year-on-year, with an additional 124,800 TEU compared to the previous year[31]. - The company’s gross profit margin for the transportation service industry was 47.95%, a decrease of 0.37% from the previous year[38]. - The storage revenue increased by 25.24% year-on-year, contributing CNY 48.18 million to total revenue[36]. - The company is focusing on market expansion and cost control to improve operational quality and efficiency[32]. Safety and Environmental Management - The company emphasizes high safety and environmental management standards due to the handling of hazardous materials like crude oil and chemical products[5]. - The company implemented a "dual prevention mechanism" for safety management, enhancing operational safety and environmental protection measures[32]. - The company is committed to complying with increasingly stringent national safety and environmental regulations affecting port development[67]. - The company has invested in the construction of a sewage treatment system for ships, enhancing its environmental responsibility[130]. - The company aims to achieve a visual and remote control goal for environmental management by 2020[129]. Shareholder and Capital Management - The company reported a cash dividend of 0.43 RMB per 10 shares for a total of 483,966,800 shares, with no bonus shares issued[6]. - The cash dividend proposal for 2019 is to distribute 0.43 yuan per 10 shares, totaling 20,810,572.40 yuan, which represents 15.99% of the net profit attributable to shareholders[75]. - The company has not proposed any stock dividend distribution for the reporting period despite having positive distributable profits[75]. - The company reported a total share capital increase to 483,966,800 shares after a capital reserve conversion of 111,684,646 shares[136]. - The company distributed cash dividends of 0.46 yuan per share, totaling 17,124,979.08 yuan[136]. Governance and Compliance - The company has established a governance structure that emphasizes independent director opinions and adheres to legal disclosure obligations[122]. - The company has maintained a stable relationship with its controlling shareholders and actual controllers[93]. - The company has not faced any penalties from securities regulatory agencies in the past three years[167]. - The company has independent financial management and accounting systems, ensuring no interference from the controlling shareholder[182]. - The company’s management is responsible for establishing and maintaining effective internal controls[196]. Future Outlook and Strategic Initiatives - The macroeconomic outlook indicates a potential further decline in global economic growth due to the impact of the COVID-19 pandemic and other geopolitical factors[67]. - The company plans to strengthen internal management and risk control while expanding financing channels to meet operational and project funding needs[68]. - The company aims to maintain a competitive edge through innovation and strategic partnerships in the logistics sector[100]. - The management provided a positive outlook for 2020, projecting a revenue growth of 10% driven by increased shipping activities[156]. - The company is committed to sustainability practices, aiming to reduce carbon emissions by 25% over the next five years through various green initiatives[156]. Internal Control and Audit - The company has not encountered any non-standard audit opinions or significant internal control deficiencies in the reporting period[4]. - The internal control audit concluded that the company maintained effective internal controls related to financial statements as of December 31, 2019[196]. - The internal control verification report received a standard unqualified opinion from the auditing firm[198]. - The audit committee completed the 2019 internal control self-evaluation report[189]. - The company reported no significant internal control deficiencies during the reporting period[193].

Revenue Performance - Revenue for Q1 2020 was ¥161,859,753.61, a decrease of 4.51% compared to ¥169,497,615.50 in the same period last year[7] - In Q1 2020, the company's operating revenue was CNY 161.86 million, a decrease of 4.51% compared to the same period last year[16] - Total operating revenue for Q1 2020 was CNY 161,859,753.61, a decrease from CNY 169,497,615.50 in the previous period[37] Profitability - Net profit attributable to shareholders was ¥22,248,153.26, down 13.36% from ¥25,678,302.17 year-on-year[7] - The net profit attributable to shareholders was CNY 22.25 million, down 13.36% year-on-year[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 20.54 million, a decrease of 18.33% year-on-year[16] - The total operating profit for Q1 2020 was CNY 10,699,874.75, a decrease of 16.4% compared to CNY 12,797,256.12 in the same period last year[42] - The net profit for Q1 2020 was CNY 8,453,065.54, down 13.8% from CNY 9,806,114.99 in Q1 2019[42] Cash Flow - Operating cash flow for the period increased significantly by 117.76%, reaching ¥33,311,309.07 compared to ¥15,297,011.72 in the same quarter last year[7] - The net cash flow from operating activities increased by 117.76% to CNY 33.31 million, mainly due to a significant increase in cash received from sales of goods and services[16] - Cash flow from operating activities increased to CNY 33,311,309.07, compared to CNY 15,297,011.72 in the previous year, marking a significant improvement[46] - Cash flow from investing activities showed a net outflow of CNY 201,847,431.86, compared to a smaller outflow of CNY 17,011,958.04 in the same period last year[46] - Cash flow from financing activities resulted in a net outflow of CNY 83,230,393.12, a decrease from a net inflow of CNY 123,008,886.10 in Q1 2019[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,587,940,410.83, a decrease of 1.48% from ¥4,657,066,428.97 at the end of the previous year[7] - As of March 31, 2020, total assets amounted to CNY 4.59 billion, down from CNY 4.66 billion at the end of 2019[30] - The company's total liabilities decreased to CNY 1.26 billion from CNY 1.35 billion at the end of 2019[31] - The company's total assets were CNY 2,752,013,219.58, compared to CNY 2,764,212,464.77 previously[35] - Total liabilities decreased to CNY 261,994,082.48 from CNY 282,646,393.21[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,513[12] - The largest shareholder, Nanjing Port (Group) Co., Ltd., holds 57.41% of the shares, totaling 277,855,062 shares[12] Non-Recurring Gains and Losses - The company reported non-recurring gains of ¥1,711,872.61 after tax, with significant contributions from government subsidies[9] - The company reported a decrease in other cash received related to operating activities, totaling CNY 10,487,128.00, down from CNY 16,212,549.09 in Q1 2019[46] Management and Strategy - The company plans to focus on improving cash flow management and reducing investment outflows in the upcoming quarters[46] - The company did not undergo an audit for the Q1 2020 report[51] - The company implemented new revenue and leasing standards starting in 2020, but it did not apply to the financial statements[51]

Financial Performance - Net profit attributable to shareholders decreased by 50.54% year-on-year to ¥34,654,974.01[7] - Operating revenue for the reporting period was ¥180,549,821.13, reflecting a growth of 4.41% compared to the same period last year[7] - Basic earnings per share dropped by 61.96% to ¥0.0716[7] - The net profit attributable to shareholders for the year-to-date was ¥103,221,258.67, a decrease of 20.18% compared to the previous year[7] - Net profit attributable to shareholders for the first three quarters of 2019 was RMB 10,322 million, a decrease of 20.18% year-on-year[15] - Operating revenue for the first three quarters of 2019 was RMB 51,920 million, a slight increase of 0.03% compared to the same period last year[15] - The net profit attributable to shareholders for Q3 2019 was RMB 3,465 million, a decrease of 50.54% year-on-year[15] - The company's net profit for Q3 2019 was CNY 6.66 million, a significant decrease from CNY 57.07 million in Q3 2018[37] - The total profit for the third quarter was CNY 53,652,311.47, down from CNY 102,947,803.02 in the previous year, a decline of about 47.9%[39] - The total profit for the third quarter was CNY 119,027,632.02, compared to CNY 97,614,946.16 in the previous period, indicating a growth of approximately 21.9%[50] Cash Flow - The net cash flow from operating activities increased by 29.14% to ¥94,711,337.53[7] - Cash flow from operating activities for the first three quarters of 2019 was RMB 21,751 million, an increase of 24.50% year-on-year[16] - The company’s cash flow from operating activities for Q3 2019 was RMB 9,471 million, an increase of 29.14% year-on-year[16] - The net cash flow from operating activities for Q3 2019 was CNY 217,508,582.99, an increase of 24.4% compared to CNY 174,702,817.73 in Q3 2018[54] - The cash flow from sales of goods and services was CNY 112,494,373.45, slightly down from CNY 117,878,368.54 in the previous year[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,745,999,494.53, an increase of 1.15% compared to the previous year[7] - The company’s net assets attributable to shareholders increased by 3.35% to RMB 265,251 million from the beginning of the year[15] - The company’s long-term equity investments as of September 30, 2019, were RMB 207,658 million, up from RMB 200,034 million at the end of 2018[28] - The company’s total liabilities as of September 30, 2019, were RMB 4,745,999 million, compared to RMB 4,691,834 million at the end of 2018[28] - Current liabilities totaled CNY 556.61 million, down from CNY 838.80 million, indicating a reduction of 33.5%[30] - Long-term borrowings increased to CNY 755.30 million from CNY 487.00 million, representing a growth of 55.1%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,125[11] - The largest shareholder, Nanjing Port (Group) Co., Ltd., holds 57.41% of the shares[11] Investment Income - The company reported non-recurring gains of ¥14,861,868.11 for the year-to-date[9] - The total investment income for the year-to-date period was CNY 17,328,277.81, down from CNY 71,573,564.06 in the previous year, a decline of approximately 75.8%[44] - The company recorded an increase in investment income to CNY 82,629,400.24 from CNY 77,573,564.06 in the previous period[50] Comprehensive Income - The total comprehensive income for the third quarter was CNY 42,190,234.58, down from CNY 76,991,226.77 in the previous year, indicating a decline of about 45%[39] - The total comprehensive income for the third quarter was CNY 107,994,203.80, compared to CNY 77,657,592.25 in the previous period[51]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 338,646,583.06, a decrease of 2.16% compared to CNY 346,127,477.35 in the same period last year[17]. - Net profit attributable to shareholders of the listed company reached CNY 68,566,284.66, representing a 15.74% increase from CNY 59,241,861.28 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 55,392,881.14, down 5.92% from CNY 58,875,969.80 in the previous year[17]. - The net cash flow from operating activities increased by 21.15% to CNY 122,797,245.46, compared to CNY 101,361,256.51 in the same period last year[17]. - Basic earnings per share rose to CNY 0.1842, up 15.78% from CNY 0.1591 in the previous year[17]. - The total profit for the first half of 2019 was CNY 108.86 million, an increase of 15.45% year-on-year[30]. - The net profit for the first half of 2019 reached CNY 81.93 million, reflecting a year-on-year increase of 12.50%[30]. - The gross profit margin for the transportation service industry is 48.53%, with a slight decrease of 1.18% from the previous year[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,704,919,795.46, an increase of 0.28% from CNY 4,691,834,053.97 at the end of the previous year[17]. - Net assets attributable to shareholders of the listed company increased by 2.00% to CNY 2,617,855,923.03 from CNY 2,566,414,617.45 at the end of the previous year[17]. - Total liabilities decreased to CNY 1,473,128,351.50 from CNY 1,504,078,282.69, a reduction of about 2.1%[116]. - Current liabilities totaled CNY 537,226,647.81, down from CNY 838,804,056.80, indicating a significant decrease of approximately 36%[115]. - Long-term borrowings increased to CNY 770,972,632.00 from CNY 487,000,000.00, representing a growth of about 58.5%[115]. Cash Flow and Investments - The cash flow generated from operating activities increased by 21.15% to CNY 122,797,245.46, compared to CNY 101,361,256.51 in the same period last year[34]. - The company's investment activities generated a cash flow of -CNY 15,143,521.65, a significant decrease of 178.17% compared to CNY 19,373,388.08 in the same period last year[34]. - The total cash inflow from investment activities was CNY 547,880,947.11, up from CNY 430,073,233.03 in the first half of 2018, representing a growth of 27.4%[133]. - The company reported a net cash outflow from investment activities of CNY -15,143,521.65, a decline from a net inflow of CNY 19,373,388.08 in the previous year[133]. Operational Strategy and Market Conditions - The company operates in a macroeconomic environment sensitive to global economic and trade conditions, which may impact future performance[4]. - The company emphasized the importance of safety management and cost control as part of its operational strategy[31]. - The company is focusing on regional resource integration and optimizing its business pricing system to enhance market competitiveness[30]. - The company is committed to continuous organizational reform and improving its KPI assessment model to drive innovation[31]. - The company operates in a challenging economic environment, with global trade shrinking and domestic economic pressures increasing[29]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or bonus shares, nor to increase capital from reserves[6]. - The company has not distributed cash dividends or bonus shares for the half-year period[61]. - The company’s net profit distribution to shareholders was recorded at 17,124,970 yuan, reflecting a commitment to shareholder returns[147]. Legal and Compliance Matters - The company reported a significant legal case involving a collision incident with a potential claim amount of CNY 33.26 million, which is currently under progress with no verdict yet[65]. - There are no major lawsuits or arbitration matters reported during the period[66]. - The company has not faced any penalties or rectification issues during the reporting period[68]. Environmental and Sustainability Initiatives - The company has implemented an online monitoring system for wastewater, achieving remote data collection and visualization[89]. - The company has invested in a "dock oil and gas recovery device" to effectively control volatile organic compounds (VOCs) emissions[89]. - The company is committed to sustainable development through enhanced environmental management and community engagement initiatives[90]. Future Outlook and Strategic Plans - Future outlook indicates a focus on expanding service offerings and enhancing operational efficiency to capture market growth opportunities[73]. - The company is exploring new technologies to improve logistics and operational processes, aiming to reduce costs and increase service reliability[73]. - The company is evaluating potential new service lines to diversify its revenue streams and mitigate market risks[73].

Financial Performance - Revenue for Q1 2019 was CNY 160,789,094.81, an increase of 0.95% compared to CNY 159,281,999.04 in the same period last year[7]. - Net profit attributable to shareholders was CNY 25,678,302.17, a decrease of 1.74% from CNY 26,132,775.23 year-on-year[7]. - Net profit excluding non-recurring gains and losses was CNY 25,144,244.99, down 4.33% from CNY 26,283,627.90 in the previous year[7]. - Total operating revenue for Q1 2019 was CNY 169.50 million, a slight increase of 1.04% compared to CNY 167.32 million in Q1 2018[34]. - Net profit for Q1 2019 was CNY 31.61 million, a decrease of 3.15% from CNY 32.64 million in the same period last year[36]. - The total comprehensive income attributable to the parent company was CNY 25,678,302.17, compared to CNY 26,132,775.23 in the previous period, reflecting a decrease of 1.74%[40]. - The net profit for the current period was CNY 9,806,114.99, representing a slight increase of 2.03% from CNY 9,610,543.33 in the previous period[40]. - The company reported a total profit of CNY 12,819,207.41, an increase of 10.67% from CNY 11,582,579.14 in the previous period[40]. Cash Flow - Net cash flow from operating activities was CNY 15,297,011.72, a decline of 24.11% compared to CNY 20,156,051.66 in the same period last year[7]. - The cash flow from operating activities was CNY 15,297,011.72, down 24.66% from CNY 20,156,051.66 in the previous period[44]. - The net cash flow from operating activities was -13,445,897.32, a decrease from -7,301,418.30 in the previous period, indicating a worsening cash flow situation[48]. - Cash received from other operating activities was 6,999,849.61, up from 1,583,497.90, indicating improved cash inflow from other sources[47]. - The company received 26,196,032.36 in cash from sales of goods and services, a decrease from 32,981,096.94 in the previous period[47]. - Cash paid for purchasing goods and services was 6,320,556.51, down from 7,655,193.19, showing a reduction in operational costs[47]. - Cash inflow from financing activities increased significantly to 200,000,000.00 from 50,000,000.00, but the net cash flow was -5,445,666.67, down from 50,000,000.00[49]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,829,033,585.59, an increase of 2.92% from CNY 4,691,834,053.97 at the end of the previous year[7]. - Total liabilities as of March 31, 2019, were RMB 1,609,665,893.17, compared to RMB 1,504,078,282.69 at the end of 2018, marking an increase of about 7%[27][28]. - The total liabilities amounted to 838,804,056.80, with short-term borrowings at 200,000,000.00, indicating a stable debt position[53]. - The total assets were reported at 4,691,834,053.97, with non-current assets comprising a significant portion of the total[52]. - Total liabilities amounted to CNY 1,504,078,282.69, with total equity at CNY 3,187,755,771.28, resulting in total assets of CNY 4,691,834,053.97[54]. - Current assets totaled CNY 402,846,877.04, while non-current assets were CNY 2,332,548,540.49, leading to a total asset value of CNY 2,735,395,417.53[56]. Shareholder Information - Basic and diluted earnings per share were both CNY 0.0690, a decrease of 1.71% from CNY 0.0702 in the same period last year[7]. - The total number of shares outstanding as of the last trading day before disclosure was 372,282,154 shares[7]. - The company's equity attributable to shareholders increased to CNY 2.39 billion from CNY 2.38 billion, reflecting a growth of 0.34%[33]. - The total owner's equity attributable to the parent company was CNY 2,566,414,617.45[54]. Operational Highlights - The company reported no violations regarding external guarantees during the reporting period[19]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[20]. - The company did not conduct any research, communication, or interview activities during the reporting period[21]. - The company executed new financial accounting standards starting January 1, 2019, with no impact on financial status or profit and loss[58]. - The company has not undergone an audit for the first quarter report[59].

Financial Performance - The company's operating revenue for 2018 was CNY 717,718,176.42, representing a growth of 5.88% compared to CNY 677,836,191.00 in 2017[18]. - Net profit attributable to shareholders increased by 54.25% to CNY 164,009,013.07 from CNY 106,329,500.00 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 116,038,590.82, up 16.09% from CNY 99,957,697.00 in 2017[18]. - The net cash flow from operating activities reached CNY 287,968,932.24, an increase of 11.56% compared to CNY 258,132,888.00 in 2017[18]. - Basic and diluted earnings per share were both CNY 0.4406, reflecting a 54.27% increase from CNY 0.2856 in 2017[18]. - The total assets at the end of 2018 were CNY 4,691,834,053.97, showing a slight increase of 0.03% from CNY 4,690,606,621.00 at the end of 2017[18]. - The net assets attributable to shareholders rose by 6.33% to CNY 2,566,414,617.45 from CNY 2,413,574,069.00 in 2017[18]. - The company reported a weighted average return on equity of 6.58%, up from 4.50% in the previous year[18]. - The company reported a total revenue of RMB 32,079.58 million for the year 2018, with a net profit of RMB 6,799.46 million[68]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.46 RMB per 10 shares and a capital reserve increase of 3 shares for every 10 shares held[6]. - In 2018, the company proposed a cash dividend of CNY 0.46 per 10 shares, totaling CNY 17,124,979.08, which represents 10.44% of the net profit attributable to shareholders[84]. - The cash dividend payout ratio for 2018 is 100% of the total distributable profit of CNY 85,236,239.85[84]. - The cash dividends for the previous three years were CNY 0.20, CNY 0.30, and CNY 0.46 per 10 shares for 2016, 2017, and 2018 respectively[82]. - The company has adhered to its cash dividend policy as outlined in its articles of association and has ensured the protection of minority shareholders' rights[82]. Business Operations - The company operates in a comprehensive transportation system, which includes waterway, railway, highway, aviation, and pipeline transport, enhancing its business development[5]. - The company has undergone a major asset restructuring in 2016, expanding its business to include container-related services[16]. - The company operates primarily in the logistics and warehousing sector, focusing on oil and chemical products, with a strategic location in the Yangtze River Delta region[28]. - The company has a comprehensive logistics service offering, including container storage, door-to-door transport, and information consulting services[16]. - The company is focused on expanding its market presence and enhancing service offerings in the logistics sector[103]. Risk Management - The company is exposed to risks from macroeconomic fluctuations, which can significantly impact its operational performance due to its reliance on global economic and trade conditions[4]. - The company emphasizes the importance of safety and environmental management due to the hazardous nature of its main business involving oil and chemical products[5]. - The company has implemented a dual prevention mechanism for safety risk management, improving on-site management and compliance[35]. - The company is adapting to macroeconomic pressures and aims to navigate the uncertainties in the global economy[74]. Corporate Governance - The company has not reported any significant internal control deficiencies or non-standard audit opinions for the reporting period[4]. - The company’s financial report has been confirmed as true, accurate, and complete by its board of directors and management[3]. - The company has established a complete and independent organizational structure, including a shareholders' meeting, board of directors, and supervisory board, with clear division of responsibilities[180]. - The independent financial department operates autonomously, with independent accounting systems and financial management practices, ensuring no interference from the controlling shareholder[180]. - The audit committee has actively fulfilled its responsibilities, including reviewing financial information and internal control systems, and completed the 2018 internal control self-evaluation report[187]. Shareholder Information - The registered capital of the company is 2.2667 billion RMB, with the controlling shareholder holding 55% of the shares[16]. - The total number of shares held by Nanjing Port Group is 213,734,657, accounting for 41.41% of the total shares[144]. - The total number of shareholders at the end of the reporting period is 28,785[144]. - The company has not undergone any changes in its controlling shareholder during the reporting period[148]. - The top ten shareholders did not engage in any repurchase transactions during the reporting period[148]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit by environmental protection authorities, indicating compliance with environmental regulations[130]. - The company has implemented a community engagement initiative to enhance public supervision and improve waste management capabilities for docked vessels[131]. - The company is actively involved in environmental protection efforts, including upgrading wastewater treatment systems and hazardous waste management facilities[130]. - The company has committed to continuous improvement in environmental management and investment in protective facilities to fulfill its corporate social responsibility[131]. Future Outlook - The company plans to achieve a target of 15.5 million tons in natural cargo handling and 3 million TEUs in container throughput for 2019[75]. - The company expects a revenue growth of 10% for the upcoming fiscal year, projecting a total revenue of 1.32 billion yuan[165]. - The company is considering strategic acquisitions to enhance its logistics capabilities, with a budget of 100 million yuan allocated for potential deals[165]. - Future outlook includes potential growth driven by strategic partnerships and market expansion initiatives[104].

[Important Notice](index=2&type=section&id=Item%201.%20Important%20Notice) This section outlines the Board of Directors' declaration ensuring the accuracy and completeness of the quarterly report [Board Statement](index=2&type=section&id=Item%201.%20Important%20Notice) The Board of Directors, Supervisory Board, and senior management affirm the report's truthfulness and completeness, with all directors attending the review - The Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report and assume corresponding legal responsibilities[4](index=4&type=chunk) - All directors personally attended the Board meeting that reviewed this quarterly report[5](index=5&type=chunk) - The company's head, chief financial officer, and head of accounting department declare that the financial statements in the quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Item%202.%20Company%20Profile) This section details the company's key financial performance indicators and the structure of its major shareholders [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) As of Q3 2018, total assets were 4.685 billion yuan, with net profit attributable to shareholders reaching 129 million yuan, a 73.86% increase, driven by stable operations and non-recurring gains Key Accounting Data and Financial Indicators | Indicator | End of Reporting Period / Year-to-Date | Year-on-Year / Change from Year-Start | | :--- | :--- | :--- | | **Total Assets (Yuan)** | 4,685,120,136.37 | -0.12% | | **Net Assets Attributable to Shareholders (Yuan)** | 2,531,719,097.32 | 4.90% | | **Operating Revenue (Yuan)** | 519,051,462.38 | 7.73% | | **Net Profit Attributable to Shareholders (Yuan)** | 129,313,492.94 | 73.86% | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (Yuan)** | 90,042,918.92 | 28.10% | | **Net Cash Flow from Operating Activities (Yuan)** | 174,702,817.73 | -2.00% | | **Basic Earnings Per Share (Yuan/Share)** | 0.3474 | 73.87% | Non-recurring Gains and Losses | Non-recurring Gains and Losses Item | Year-to-Date Amount (Yuan) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -1,751,526.06 | - | | Government Grants | 3,624,749.20 | - | | Gains/Losses from Non-monetary Asset Exchange | 50,545,313.00 | Primary source of income | | Other Non-operating Income and Expenses | -501,480.75 | - | | **Total** | **39,270,574.02** | -- | [Shareholder Information](index=5&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders%20at%20Period%20End) As of the reporting period end, the company had 30,163 common shareholders, with Nanjing Port (Group) Co., Ltd. as the controlling shareholder (57.41%) and Shanghai International Port Group Co., Ltd. as the second largest (10.28%) - At the end of the reporting period, the company had **30,163** common shareholders[12](index=12&type=chunk) Shareholder Information | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Nanjing Port (Group) Co., Ltd. | State-owned Legal Person | 57.41% | 213,734,663 | | Shanghai International Port (Group) Co., Ltd. | State-owned Legal Person | 10.28% | 38,268,930 | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 1.17% | 4,345,600 | [Significant Events](index=7&type=section&id=Item%203.%20Significant%20Events) This section details changes in key financial indicators, progress on significant corporate events, and the annual performance forecast [Analysis of Changes in Key Financial Indicators](index=7&type=section&id=I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) The company's net profit attributable to shareholders increased by 73.86% in the first three quarters of 2018, driven by stable operations and investment gains from a joint venture - Net profit attributable to shareholders for the first three quarters of 2018 was **129 million yuan**, a **73.86%** year-on-year increase; Q3 net profit was **70.07 million yuan**, up **148.44%** year-on-year[16](index=16&type=chunk) - Significant profit growth is primarily due to stable production and operations, and investment gains from the appraised value increase of Nanjing Port Qingjiang Terminal Co., Ltd.'s 49% equity contribution to a joint venture[16](index=16&type=chunk) [Progress of Significant Events](index=7&type=section&id=II.%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Events) The company reported three key developments: ongoing repairs for collision-damaged docks, a proposed equity transfer of the controlling shareholder, and the establishment of a joint logistics venture - In August 2018, the company's 609 and 610 docks were damaged by a vessel collision, impacting production; the company is actively repairing and optimizing operations[18](index=18&type=chunk) - The controlling shareholder, Nanjing Port (Group) Co., Ltd., plans to transfer **55%** of its equity to Jiangsu Port Group, which will change the company's ultimate controller to Jiangsu Provincial State-owned Assets Supervision and Administration Commission[19](index=19&type=chunk) - The company, along with Yangzi Petrochemical and other partners, established the joint venture 'Sinopec Nanjing Qingjiang Logistics Co., Ltd.', contributing **87.09 million yuan** in equity and cash for a **14.515%** stake, with its industrial and commercial registration completed[20](index=20&type=chunk)[21](index=21&type=chunk) [2018 Annual Operating Performance Forecast](index=8&type=section&id=IV.%20Forecast%20for%202018%20Annual%20Operating%20Performance) The company forecasts 2018 net profit attributable to shareholders to grow by 30% to 80%, reaching 138.23 million to 191.39 million yuan, driven by stable operations and investment gains 2018 Annual Operating Performance Forecast | Item | Forecast Status | | :--- | :--- | | Performance Forecast Type | Net profit is positive and not a turnaround from loss | | 2018 Annual Net Profit Attributable to Shareholders Change Range | 30.00% to 80.00% | | 2018 Annual Net Profit Attributable to Shareholders Range (Ten Thousand Yuan) | 13,823 to 19,139 | | 2017 Annual Net Profit Attributable to Shareholders (Ten Thousand Yuan) | 10,633 | | Reasons for Performance Change | Stable production and operations; investment gains from equity contribution to a joint venture | [Wealth Management](index=9&type=section&id=VIII.%20Wealth%20Management) The company utilized 250 million yuan of idle raised funds for bank wealth management products, with the full amount currently outstanding and no overdue receivables Wealth Management Status | Specific Type | Fund Source | Amount Incurred (Ten Thousand Yuan) | Outstanding Balance (Ten Thousand Yuan) | Overdue Unrecovered Amount (Ten Thousand Yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Idle Raised Funds | 25,000 | 25,000 | 0 | | **Total** | | **25,000** | **25,000** | **0** |

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 346,127,477.35, representing a 7.46% increase compared to CNY 322,086,120.87 in the same period last year[17]. - The net profit attributable to shareholders of the listed company reached CNY 59,241,861.28, a 28.31% increase from CNY 46,171,833.10 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 58,875,969.80, up 35.60% from CNY 43,417,936.67 year-on-year[17]. - The net cash flow from operating activities was CNY 101,361,256.51, reflecting a 4.10% increase compared to CNY 97,365,350.47 in the same period last year[17]. - The basic earnings per share for the period was CNY 0.1591, an increase of 28.31% from CNY 0.1240 in the previous year[17]. - The total profit for the first half of 2018 was CNY 94.29 million, an increase of 23.89% year-on-year[30]. - Net profit reached CNY 72.82 million, marking a 25.09% increase compared to the previous year[30]. - The gross profit margin for the transportation service industry was 49.71%, an increase of 1.97% from the previous year[38]. - The total operating costs amounted to CNY 284,244,144.79, up from CNY 268,221,882.10, reflecting a year-on-year increase of 6.0%[135]. - The total comprehensive income for the period was CNY 72,821,516.63, compared to CNY 58,214,773.06 in the previous year, reflecting a growth of 25.2%[136]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,693,603,107.59, a slight increase of 0.06% from CNY 4,690,606,621.00 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were CNY 2,461,647,465.66, up 1.99% from CNY 2,413,574,069.00 at the end of the previous year[17]. - The total liabilities decreased to CNY 1,619,886,224.58 from CNY 1,678,542,790.00, a reduction of approximately 3.5%[128]. - The total owner's equity increased to CNY 3,073,716,883.01 from CNY 3,012,063,831.00, reflecting a growth of 2.0%[128]. Cash Flow - The net cash flow from investment activities increased by 54.72% to CNY 19,373,388.08, attributed to increased investment in company upgrades[38]. - The cash flow generated from operating activities was CNY 101,361,256.51, up 4.10% from CNY 97,365,350.47 in the previous year[38]. - The company reported a significant increase in investment income to CNY 14,505,149.81, up from CNY 6,935,629.89 in the previous year[138]. - The net cash flow from financing activities showed a negative value of CNY -32,634,687.50, worsening from CNY -20,791,075.16 in the previous period[146]. Operational Strategy - The company operates in a macroeconomic environment sensitive to global economic and trade fluctuations, which may impact future performance[4]. - The company's "three-front, three-back" operational model has contributed to 50% of the total natural tonnage and revenue, significantly improving the operational structure[26]. - The container handling business now accounts for over 60% of the company's revenue and gross profit contribution[27]. - The company implemented a comprehensive KPI assessment system to enhance operational efficiency and accountability[30]. - The company is focusing on safety and environmental protection, with a dual prevention mechanism to improve safety levels[32]. Shareholder and Governance - The company plans not to distribute cash dividends or bonus shares, nor to convert reserves into share capital[6]. - The company held two shareholder meetings during the reporting period, with participation rates of 67.70% and 67.69% respectively[64]. - Nanjing Port Group has issued a commitment letter to avoid any competition with the listed company, ensuring no direct or indirect competition in the Nanjing Port jurisdiction[70]. - The company has committed to maintaining its independence in operations, finance, and management, as outlined in the commitment letter regarding independence[69]. Environmental and Regulatory Compliance - The company is not classified as a key pollutant discharge unit by environmental protection authorities and has not experienced any environmental impact incidents in the first half of 2018[97]. - The company is actively implementing measures to control volatile organic compounds (VOCs) emissions and has initiated a project for "terminal oil and gas recovery" expected to be operational by October 2018[97]. - The company is committed to maintaining compliance with relevant regulations and standards in its operations[81]. Market and Competition - The company operates in a sensitive economic region, and its performance is closely tied to global economic and trade conditions, which may impact future results[62]. - The company faces competition from alternative transportation methods, which could exert pressure on its port business development[62]. Investment and Financing - The company plans to temporarily use up to RMB 250 million of idle raised funds to purchase principal-protected short-term financial products[52]. - The company has established partnerships with several fund management companies for financing, indicating a diversified funding strategy[68]. - The total amount of raised funds was CNY 32,079.58 million, with CNY 848.94 million invested during the reporting period[47]. Accounting and Financial Reporting - The semi-annual financial report has not been audited[73]. - The company follows the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[165]. - The company recognizes investment income from the loss of control over subsidiaries, calculated as the difference between the consideration received and the fair value of remaining equity[173].

Financial Performance - The company's operating revenue for 2017 was CNY 677,836,191, representing a 204.32% increase compared to CNY 222,737,743 in 2016[18]. - The net profit attributable to shareholders for 2017 was CNY 106,329,500, which is a 25.67% increase from CNY 84,611,324 in 2016[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 99,957,697, an increase of 159.92% compared to the previous year[19]. - The net cash flow from operating activities reached CNY 258,132,888, representing a significant increase of 238.79% year-on-year[19]. - Basic and diluted earnings per share decreased by 15.10% to CNY 0.2856[19]. - The weighted average return on equity was 4.50%, down by 6.41% from the previous year[19]. - Total assets at the end of 2017 were CNY 4,690,606,621, a slight decrease of 0.03% compared to the end of 2016[19]. - Net assets attributable to shareholders increased by 4.27% to CNY 2,413,574,069[19]. - The company's total revenue for the year was CNY 146,862,222.92, down from CNY 175,223,897.95 in the previous year[24]. - The company reported a net profit of CNY 21,022,608.80 for the year, down from CNY 25,149,224.30 in 2016[24]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares based on a total of 372,282,154 shares[6]. - The cash dividend payout ratio for 2017 is 100% of the distributable profit[75]. - In 2017, the company distributed cash dividends amounting to 11,168,464.62 yuan, representing 10.50% of the net profit attributable to ordinary shareholders[73]. - The proposed cash dividend for 2017 is 0.30 yuan per 10 shares, subject to shareholder approval[75]. Business Operations and Strategy - The company operates in a comprehensive transportation system, which includes waterway, railway, highway, aviation, and pipeline transport, enhancing its business development[5]. - The company has expanded its business scope to include container-related services following a major asset restructuring in 2016[16]. - The company has adopted a "three-front, three-back" operational model, which has contributed to 50% of its total operating revenue[30]. - The company plans to enhance its dual main business model, focusing on both petrochemical and container operations to improve revenue scale and profitability[34]. - The company is actively pursuing opportunities related to national strategies such as the "Belt and Road" initiative and the Yangtze River Economic Belt[34]. - The company aims to leverage its port resources and enhance its competitive edge through strategic market analysis and customer service improvements[35]. Risk Factors - The company is exposed to risks from macroeconomic fluctuations, which can significantly impact its performance due to its reliance on the port industry[4]. - The company is located in the economically developed Yangtze River Delta region, making it sensitive to economic cycle fluctuations[4]. Internal Control and Governance - The company does not have any significant internal control deficiencies or non-standard audit opinions for the reporting period[4]. - The company has engaged Tianheng Accounting Firm for auditing services during the reporting period[17]. - The company has implemented a comprehensive governance structure post-restructuring, including new investment management and board operation rules[34]. - The company has established a complete and independent corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board[166]. - The company has established three specialized committees: Audit Committee, Compensation and Assessment Committee, and Strategy and Development Committee, which actively performed their duties during the reporting period[173]. Shareholder Structure - The total number of shares is 372,282,154, with 33.96% being restricted shares and 66.04% being unrestricted shares[123]. - The largest shareholder, Nanjing Port Group, holds 213,734,663 shares, accounting for 57.41% of the total shares[128]. - The company has a diverse shareholder base, including various investment funds and individual shareholders[130]. - The total number of shareholders at the end of the reporting period is 32,582, an increase from 32,030 previously[128]. Future Outlook - The company expects to see an increase in oil and liquid chemical throughput in 2018 due to a 55% year-on-year increase in non-state-owned trade import quotas for crude oil[66]. - In 2018, the company aims to achieve a total throughput of 2,060 million tons, including 4.67 million tons of crude oil, 3.825 million tons of liquid chemicals, 10.48 million tons of refined oil, and 1.625 million tons of other goods[67]. - The container throughput target for 2018 is set at 2.9 million TEUs[67]. - The company plans to enhance regional resource integration and promote integrated reforms, aligning with the Jiangsu province's initiative for port integration in 2018[68]. Employee and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 267.73 million CNY[154]. - The company employed a total of 1,141 staff, with 649 in the parent company and 492 in major subsidiaries[155]. - The company has established a performance evaluation and incentive mechanism linking the income of senior management to the company's operating performance[162]. Environmental and Social Responsibility - The company emphasizes environmental protection and has implemented measures to reduce volatile organic compounds (VOCs) emissions and improve wastewater treatment[117][118]. - The company supports public welfare activities and has organized charitable fundraising events[115].

Financial Performance - Revenue for Q1 2018 was CNY 159,281,999.04, an increase of 8.46% compared to CNY 146,862,222.92 in the same period last year[8] - Net profit attributable to shareholders was CNY 26,132,775.23, representing a growth of 24.31% from CNY 21,022,608.80 year-on-year[8] - Net profit excluding non-recurring gains and losses reached CNY 26,283,627.90, up 30.98% from CNY 20,066,723.90 in the previous year[8] - Basic earnings per share increased to CNY 0.0702, a rise of 24.25% compared to CNY 0.0565 in the same quarter last year[8] - In Q1 2018, the company's operating revenue was RMB 159.28 million, an increase of 8.46% year-on-year[17] - The net profit attributable to shareholders was RMB 26.13 million, up 24.31% compared to the same period last year[17] - The net profit excluding non-recurring gains and losses was RMB 26.28 million, reflecting a 30.98% increase year-on-year[17] - The basic earnings per share rose to RMB 0.0702, an increase of 24.25% from the previous year[17] - For the first half of 2018, the company expects net profit attributable to shareholders to range from RMB 46.17 million to RMB 60.02 million, representing a growth of 0.00% to 30.00%[21] Cash Flow and Assets - The net cash flow from operating activities was CNY 20,156,051.66, down 27.21% from CNY 27,688,810.32 in the previous year[8] - Total assets at the end of the reporting period were CNY 4,687,816,003.19, a slight decrease of 0.06% from CNY 4,690,606,621.00 at the end of the previous year[8] - Net assets attributable to shareholders increased to CNY 2,439,706,844.23, reflecting a growth of 1.08% from CNY 2,413,574,069.00 at the end of the previous year[8] - The weighted average return on equity was 1.08%, up from 0.90% in the same period last year[8] Non-Recurring Items - Non-recurring gains and losses totaled CNY -150,852.67 for the reporting period[10] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,030[12] Operational Changes - The company has shifted its oil tanker transshipment operations from Qixia Port to Yizheng Port due to regulatory requirements[18] - The company is actively coordinating with government departments to ensure the smooth transition of operations and internal facility upgrades[18] Compliance and Governance - There were no violations regarding external guarantees during the reporting period[23] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[24]