YPH(SZ:000088)2025-04-23 11:05Dividend Distribution - The company plans to distribute a cash dividend of 1.30 RMB per 10 shares to all shareholders, based on a total of 5,199,483,346 shares[5]. - The company plans to distribute a cash dividend of 1.30 yuan per 10 shares, amounting to a total cash dividend of approximately 675.93 million yuan, which represents 100% of the total profit distribution[178]. Business Operations - The company has not reported any changes in its main business operations since its establishment in 1997, which includes port development and operation, cargo handling, and transportation[17]. - The company has maintained its main business scope, which includes container repair and import-export operations, with no changes in controlling shareholders[18]. - The company is focusing on digital and green transformation in the port industry, aligning with national policies to enhance logistics efficiency and reduce costs[32]. - The company operates several key ports, including Huangshi New Port, Huizhou Quanwan Coal Port, and Xiaomo Port, contributing to its position as a major player in the logistics and transportation sector in China[36]. Financial Performance - The company's operating revenue for 2024 was ¥793,567,994.50, a decrease of 11.16% compared to ¥893,206,853.49 in 2023[20]. - Net profit attributable to shareholders for 2024 reached ¥1,349,328,627.36, an increase of 21.74% from ¥1,108,328,112.53 in 2023[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,167,166,019.37, up 108.14% from ¥560,754,424.38 in 2023[20]. - The company's cash flow from operating activities was ¥282,374,033.59, down 40.20% from ¥472,191,232.29 in 2023[20]. - Basic and diluted earnings per share for 2024 were both ¥0.30, representing a 15.38% increase from ¥0.26 in 2023[20]. - Total assets at the end of 2024 were ¥25,633,247,680.54, a 16.42% increase from ¥22,017,675,381.16 at the end of 2023[20]. - The net assets attributable to shareholders increased by 34.34% to ¥17,867,691,726.47 from ¥13,300,291,410.79 in 2023[21]. Port Operations and Investments - The total cargo throughput of national ports in 2024 was 1.7595 billion tons, a year-on-year increase of 3.7%[31]. - The container throughput at ports reached 33.2 million TEUs in 2024, reflecting a growth of 7.0%[31]. - The company has invested in the Huangshi New Port, which has a modernized comprehensive port function, enhancing its competitiveness in the Yangtze River Economic Belt[42]. - The company completed a major asset restructuring, raising 4 billion yuan in 2024, which will inject new momentum into its long-term development[39]. - The company has opened 17 inland ports and 32 sea-rail intermodal routes, significantly improving port clearance efficiency and reducing logistics costs for export enterprises[40]. Digital Transformation and Innovation - The company’s digital transformation efforts include the launch of the "Penggang e" roll-on/roll-off production management system at Xiaomo International Logistics Port[59]. - The company is focusing on innovative business models, such as the "road-to-water" logistics model and enhancing cooperation with railways to optimize port operations[39]. - The company has implemented a three-year action plan for digital transformation, detailing 5 key tasks and 25 measures to enhance digital management integration[79]. Financial Management and Cash Flow - The company's capital management efforts led to a funding yield of 78.18 million yuan for the year, with ongoing improvements in financing and financial management practices[52]. - Operating cash inflow decreased by 15.73% to ¥1,001,620,087.69 compared to ¥1,188,556,213.17 in the previous year[81]. - Cash and cash equivalents increased by 120.10% to ¥2,363,278,286.93 from ¥1,073,734,145.32 year-on-year[81]. - The total investment amount for the reporting period was ¥1,194,872,190.00, reflecting a 10.66% increase from ¥1,079,799,596.00 in the previous year[90]. Governance and Compliance - The company has been recognized with an "A" grade for information disclosure by the Shenzhen Stock Exchange for 15 consecutive years, highlighting its governance excellence[63]. - The company has established a compliance management committee to oversee compliance management, which is responsible to the board of directors[135]. - The company has maintained independence from its controlling shareholder in terms of assets, personnel, and financial matters[141]. - The company has no significant discrepancies between its governance practices and the regulations set by the China Securities Regulatory Commission[140]. Management and Leadership - The company has a strong board of directors with diverse backgrounds in finance, engineering, and law, enhancing its governance structure[153]. - The management team has a diverse background in engineering, finance, and operational management, contributing to strategic decision-making[161]. - The company is preparing for future leadership transitions with new appointments scheduled for 2024 and 2025[146]. Employee and Organizational Structure - The total number of employees at the end of the reporting period is 895, with 110 in the parent company and 785 in major subsidiaries[174]. - The employee composition includes 335 production staff, 19 sales staff, 204 technical staff, 60 financial staff, and 277 administrative staff[174]. - The company has a total of 450 employees with a university degree and 69 with a master's degree[174]. Environmental and Social Responsibility - The company has focused on green development in port planning, construction, and operations, contributing to high-quality development[186]. - The company provided over 10 warm-hearted services at highway toll stations and logistics parks to enhance community service[186]. - The company has actively participated in poverty alleviation and rural revitalization efforts, contributing to the construction of beautiful villages[188].