SIPG(SH:600018)2023-06-15 16:00Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.40 per 10 shares, totaling approximately RMB 3.26 billion based on a total share capital of 23,284,144,750 shares as of December 31, 2022[3]. - The company distributed a cash dividend of RMB 0.18996 per share (including tax) in 2022, amounting to a total of RMB 4.42 billion[135]. - The profit distribution plan is subject to approval at the company's shareholder meeting[136]. - The company has committed to distributing at least 50% of its distributable profits to shareholders annually, with cash dividends prioritized over stock dividends[172]. Financial Performance - The company's operating revenue for 2022 was ¥37,279,806,723.63, an increase of 8.72% compared to ¥34,288,697,334.43 in 2021[15]. - Net profit attributable to shareholders for 2022 reached ¥17,223,915,520.79, reflecting a growth of 17.31% from ¥14,682,049,061.06 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥16,883,965,025.03, which is a 23.69% increase from ¥13,650,076,754.89 in 2021[15]. - The company's total assets at the end of 2022 were ¥181,801,705,598.86, up 6.45% from ¥170,787,478,512.86 at the end of 2021[15]. - The company's net assets attributable to shareholders increased by 12.56% to ¥112,327,407,458.97 at the end of 2022 from ¥99,790,795,515.23 at the end of 2021[15]. Governance and Compliance - The company has received a standard unqualified audit report from PwC, ensuring the accuracy and completeness of the financial statements[2]. - The company has maintained a stable governance structure with all board members present at the board meeting[2]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[4]. - The company has not violated any decision-making procedures regarding external guarantees[4]. - The company has established a robust governance structure, ensuring compliance with laws and regulations, and maintaining independent operations from its actual controller[94]. Strategic Initiatives - The company is committed to building a world-class shipping hub, focusing on technological, regional, and operational breakthroughs under its "1+3" strategic framework[8]. - The company aims to enhance its logistics service capabilities by establishing an efficient, convenient, resilient, and green transportation system, focusing on the integration of the Yangtze River Delta and the Yangtze Economic Belt[36]. - The company has implemented a "1+3" strategic system to drive high-quality development, targeting breakthroughs in new technologies, new regions, and new business models[36]. - The company is actively expanding its regional cooperation, establishing joint ventures with Jiangsu and Anhui ports to enhance market presence[28]. Operational Performance - The company's container throughput reached 47.303 million TEUs in 2022, a year-on-year increase of 0.6%[26]. - The Yangshan Port area container throughput was 23.912 million TEUs, a year-on-year increase of 4.8%, accounting for 50.55% of the total port throughput[26]. - The company completed 25.488 million TEUs in water-to-water transshipment, a year-on-year increase of 9.4%, with a transshipment ratio of 53.9%[26]. - The company achieved a throughput of 2.9 million vehicles in the automotive roll-on/roll-off segment, a significant increase of 41.2% year-on-year[27]. Research and Development - Research and development expenses rose by 33.18% to RMB 191.057 million, reflecting the company's commitment to innovation[41]. - The company launched 42 technology innovation projects, with 31 completed, further solidifying its industry-leading position[27]. - The company has 510 R&D personnel, accounting for 3.84% of the total workforce[53]. Environmental Initiatives - The company invested ¥28,916 million in environmental protection during the reporting period[151]. - The company reduced carbon emissions by 11,713 tons through various measures, including the use of distributed photovoltaic power generation and hybrid energy-saving tire crane upgrades[162]. - The company has actively promoted green and low-carbon development initiatives, including the construction of shore power facilities for vessels[159]. Employee Engagement and Compensation - The company has implemented a performance evaluation mechanism for senior management, linking their annual salary closely with company performance and individual performance assessment results[144]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to RMB 24.47418 million[113]. - The company has established a competitive incentive-based salary distribution mechanism, ensuring that at least 50% of distributable profits are allocated to shareholders annually[133]. Risk Management - The company has committed to implementing a comprehensive risk management plan for 2022[123]. - The company faces risks from macroeconomic fluctuations affecting the port industry, competition for international container hub status, and natural conditions impacting port operations[92]. Market Expansion - The company is expanding its market presence in international regions, targeting a D% increase in market share by the end of the next fiscal year[103]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market position, with a budget of $G billion set aside for this purpose[104].