RIZHAO PORT(SH:600017)2022-03-30 16:00Financial Performance - In 2021, the company achieved operating revenue of CNY 6.50 billion, a year-on-year increase of 12.79%[21]. - The net profit attributable to shareholders was CNY 736.96 million, reflecting a growth of 15.23% compared to the previous year[21]. - The net cash flow from operating activities reached CNY 2.24 billion, marking a significant increase of 66.82% year-on-year[21]. - The total assets of the company at the end of 2021 amounted to CNY 29.20 billion, up 14.56% from the previous year[21]. - The company reported a basic earnings per share of CNY 0.24, which is a 14.29% increase from the previous year[22]. - The weighted average return on net assets rose to 5.78%, an increase of 0.55 percentage points year-on-year[22]. - Total operating revenue for the year was 6.505 billion RMB, an increase of 12.79% compared to the previous year[57]. - The net profit attributable to the parent company reached 737 million RMB, reflecting a year-on-year growth of 15.23%[55]. - The company reported a total of 552.54 million in net profit, reflecting strong financial health and operational efficiency[123]. - The company’s financial subsidiary reported a net profit of 12,188.92 million RMB, contributing to the overall financial health of the group[92]. Cargo Throughput and Operations - The company handled a total cargo throughput of 293 million tons in 2021, representing a growth of 11.77% year-on-year[32]. - The foreign trade cargo throughput was 229 million tons, an increase of 10.28% compared to 2020[32]. - The company achieved a throughput of over 160 million tons of iron ore annually, ranking first among coastal ports in China for iron ore, wood chips, soybeans, petroleum coke, and logs[45]. - The company achieved a throughput of 29.346 million tons in 2021, representing a year-on-year growth of 11.77%[55]. - In 2021, the company achieved a cargo throughput of 293 million tons, exceeding the target of 274.5 million tons by 6.74%[96]. Investments and Capital Expenditure - The company completed asset investments of 4.247 billion yuan in 2021, achieving 81.98% of the annual plan, with delays attributed to material supply shortages and impacts from environmental and pandemic factors[85]. - The company plans to invest 4.5 billion yuan in assets and 3 million yuan in equity investments for 2022[100]. - The company anticipates a funding requirement of 6.4 billion yuan for various projects, including coal transfer and automation upgrades[102]. Stakeholdings and Subsidiaries - The company has a 49% stake in Shandong Port Technology Group Rizhao Co., Ltd[13]. - The company has a 40% stake in Rizhao Port Group Financial Co., Ltd[13]. - The company has a 40% stake in Rizhao Lanbei Port Co., Ltd[13]. - The company has a 30% stake in Rizhao Zhonglian Port Cement Co., Ltd[13]. - The company has a 29% stake in Shandong Yancoal Rizhao Port Co., Ltd[13]. - The company has a 24% stake in Dongping Railway Co., Ltd[13]. - The company has a 3.0958% stake in Zailin Railway Co., Ltd[13]. - The company has a 9.43% stake in Shanjiao Sales Rizhao Co., Ltd[13]. - The company holds a 100% equity interest in Rizhao Port Lanjiao Port Co., Ltd., which operates port services and customs-regulated cargo storage[86]. Corporate Governance and Management - The company has maintained a strong internal control system, receiving an A-class evaluation for information disclosure for four consecutive years[110]. - The company will continue to enhance its corporate governance level and improve internal supervision mechanisms in accordance with the latest regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange[111]. - The company’s board consists of 11 directors, with all present at the shareholder meetings, indicating strong governance and oversight[116]. - The company’s independent directors received a remuneration of 10 million yuan each during the reporting period, reflecting a commitment to fair compensation practices[120]. - The total remuneration for directors, supervisors, and senior management at the end of the reporting period amounted to 5.5254 million yuan[137]. - The company has fully paid the remuneration for directors, supervisors, and senior management without any delays[137]. Risk Management and Future Outlook - The company has not identified any significant risks that could adversely affect its future development strategy or ongoing operations during the reporting period[7]. - The company faces risks from macroeconomic fluctuations, policy changes, and environmental regulations that could impact operations[103]. - The company anticipates stable growth in coastal port cargo throughput in 2022, driven by the development trends of key industries such as coal, steel, and electricity[93]. - The coal transportation sector is expected to maintain low-speed growth due to the "dual carbon" and "energy consumption dual control" policies, while still holding a significant share in energy consumption[94]. - The company aims to enhance its bulk cargo business capabilities and establish itself as a comprehensive logistics hub along the "Belt and Road" initiative by 2025[95]. Environmental Initiatives - The company is focused on green port construction, implementing environmental management measures into operational processes and performance assessments[172]. - The company aims to achieve a "zero-carbon port" by accelerating energy structure transformation and low-carbon development[175]. - Implementation of energy-saving technologies, including the promotion of LED lighting and the use of electric vehicles, to reduce carbon emissions[175]. - The company has developed and implemented a management plan for shore power usage to reduce ship emissions[175]. - The company has initiated a comprehensive environmental improvement campaign, optimizing port area management and enhancing pollution control measures[172]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of 0.4 RMB per 10 shares, totaling 123,026,155.52 RMB, based on a total share capital of 3,075,653,888 shares[5]. - The cash dividend policy was executed according to the company's articles of association and shareholder return plan, with no adjustments made during the reporting period[159]. - The company has established a shareholder return plan for 2020-2022, emphasizing the importance of shareholder feedback and enhancing transparency in dividend policies[158].