Beibu Gulf Port (SZ:000582)2025-04-24 11:50Financial Performance - The company's operating revenue for 2024 was approximately ¥7.00 billion, representing a 0.77% increase compared to 2023 [20]. - The net profit attributable to shareholders for 2024 was approximately ¥1.22 billion, an increase of 8.18% from the previous year [20]. - The net profit after deducting non-recurring gains and losses decreased by 15.58% to approximately ¥874.48 million in 2024 [20]. - The net cash flow from operating activities for 2024 was approximately ¥2.09 billion, a decrease of 3.00% compared to 2023 [20]. - The total operating revenue for 2024 reached ¥7,003,254,738.88, representing a year-on-year increase of 0.77% compared to ¥6,949,606,334.66 in 2023 [56]. - Net profit for the year was 134,604.12 million yuan, up 8.14% year-on-year, with net profit attributable to the parent company at 121,907.97 million yuan, a growth of 8.18% [42]. - The company reported a basic earnings per share of ¥0.579 for 2024, down 9.11% from the previous year [20]. Dividend Distribution - The total cash dividend for 2024 amounts to CNY 453,239,284.53, representing 37.18% of the net profit attributable to shareholders of the listed company [5]. - The proposed cash dividend distribution is CNY 0.47 per 10 shares, with a total cash dividend of CNY 109,328,397.73 [4]. - The cash dividends for the year account for 40.02% of the distributable profits for 2024 [5]. - The company has established a three-year profit distribution plan (2024-2026), committing to distribute at least 40% of the annual profit to shareholders [52]. Asset Management - The total assets at the end of 2024 were approximately ¥35.88 billion, reflecting a 7.73% increase from the end of 2023 [22]. - The net assets attributable to shareholders increased by 29.56% to approximately ¥17.62 billion at the end of 2024 [22]. - The company's fixed assets increased to CNY 23.21 billion, accounting for 64.67% of total assets, up from 63.26% at the beginning of the year [78]. - The company's total investment for the reporting period was CNY 2.46 billion, a decrease of 48.28% compared to the same period last year [82]. Operational Efficiency - The company has increased its operational efficiency, with container handling efficiency improving by 6% and bulk cargo handling efficiency by 4% year-on-year in 2024 [40]. - The company operates 89 productive coastal berths with an annual throughput capacity of 392 million tons, including a container throughput capacity of 9.8 million TEUs [40]. - The company completed 30 major project constructions in 2024, significantly enhancing infrastructure capabilities [47]. - The company achieved a cargo throughput of 32.78 million tons, representing a year-on-year growth of 5.61%, accounting for 73% of the total cargo throughput at Beibu Gulf Port [34]. Market Expansion - The company is actively expanding its market in the Western Land-Sea New Corridor, focusing on new cargo sources such as limestone, wood pulp, and chemical products from Guangxi and Sichuan-Chongqing regions [39]. - The company is enhancing its shipping network by strengthening collaboration with logistics companies along the Western Land-Sea New Corridor, which has improved cargo throughput and economic benefits [36]. - The company has expanded its route network, adding 8 new routes in 2024, bringing the total to 80 routes, including 49 international and 31 domestic routes [40]. Research and Development - The company's R&D investment for the year was ¥52,063,500, a 25.43% increase year-on-year, with 67 patents authorized and 71 software copyrights registered [50]. - R&D expenses increased by 62.87% year-on-year to ¥30,599,331.92, primarily due to increased investment in R&D [67]. - R&D personnel increased by 93.57% to 722, with the proportion of R&D personnel in the company rising to 8.41% [70]. Environmental Initiatives - The company reported an environmental protection investment of approximately CNY 382 million and paid CNY 9.967 million in environmental protection taxes in 2024 [193]. - The cumulative installed capacity of distributed photovoltaic power generation exceeded 10 MW, providing approximately 10 million kWh of green electricity annually, resulting in a reduction of 2,551.4 tons of carbon emissions [194]. - The company utilized shore power for 4,846 vessel calls in 2024, with a total shore power consumption of 233.1 million kWh, representing a fourfold increase [195]. Governance and Management - The company has established a complete governance structure with clear responsibilities among the board, management, and shareholders, ensuring transparency in major information disclosures [129]. - The company operates independently from its controlling shareholder, ensuring separation in business, personnel, assets, institutions, and finance [130]. - The company has made significant progress in its governance practices, aligning with legal and regulatory requirements [129]. - The management team has extensive experience in finance and investment banking, which may benefit strategic decision-making [145]. Community Engagement - The company has integrated rural revitalization into its development strategy, focusing on employment and income stability for local residents [197]. - The company organized over 10 environmental improvement activities in 2024, enhancing the living conditions in rural areas [199]. - The collective economic income of Nab Village reached approximately 1 million yuan in 2024, supported by the renovation of the agricultural product processing plant and improved production efficiency [197].