Tianjin Port (SH:600717)2022-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥5,711,658,135.26, a decrease of 21.96% compared to ¥7,318,509,680.20 in the same period last year[22]. - Net profit attributable to shareholders was ¥523,488,740.02, representing an increase of 8.37% from ¥483,063,232.79 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥413,474,705.99, down 10.43% from ¥461,646,316.81 in the same period last year[22]. - The total profit for the first half of 2022 was 894 million RMB, down 3.36% year-on-year, mainly due to changes in the scope of consolidation[33]. - The company reported a total comprehensive income of -45,884,822.90 RMB for the first half of 2022[149]. - The total comprehensive income for the first half of 2022 was CNY 662,433,343.42, an increase from CNY 595,495,006.59 in the previous year[130]. - The company’s net profit attributable to shareholders was CNY 523,488,740.02, up from CNY 483,063,232.79 in the first half of 2021, reflecting a growth of 8.0%[128]. Cash Flow - The net cash flow from operating activities was ¥1,143,673,330.24, an increase of 2.58% compared to ¥1,114,881,081.29 in the previous year[22]. - The cash flow from operating activities generated a net inflow of CNY 1,143,673,330.24, slightly up from CNY 1,114,881,081.29 in the first half of 2021[138]. - The total cash inflow from operating activities was 43,002,126.04 RMB, significantly higher than 19,407,409.43 RMB in the previous year[143]. - The company reported a decrease in cash and cash equivalents to ¥1,032,070,069.05 from ¥2,005,375,324.32, a decrease of about 48.6%[122]. - The company received 35,000,000.00 RMB from the recovery of investments, an increase from 20,000,000.00 RMB in the previous year[143]. Assets and Liabilities - The total assets at the end of the reporting period were ¥34,446,603,695.65, a slight increase of 0.18% from ¥34,385,448,778.12 at the end of the previous year[22]. - The total liabilities decreased to ¥10,530,238,097.99 from ¥11,523,286,947.60, a reduction of approximately 8.63%[116]. - The company’s total assets decreased to ¥17,714,494,734.15 from ¥18,193,496,881.19, a decline of about 2.6%[124]. - Total current assets decreased to ¥6,970,758,478.55 from ¥7,342,117,650.86, a decline of approximately 5.03%[114]. - The company’s long-term borrowings decreased to ¥92,450,000.00 from ¥669,750,000.00, a decrease of approximately 86.2%[124]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 91,046[105]. - The largest shareholder, Xianchuang Investment Co., Ltd., holds 1,644,213,619 shares, representing 56.81% of total shares[105]. - The report indicates no changes in the shareholding of the controlling shareholder during the reporting period[108]. - There are no pledged or frozen shares among the top shareholders[108]. - The report does not indicate any strategic investors or general corporations becoming top ten shareholders due to new share placements[110]. Operational Highlights - The company achieved a total throughput of 222 million tons in the first half of 2022, a decrease of 0.15% year-on-year[33]. - Container throughput reached 10.039 million TEUs, down 2.5% compared to the same period last year[33]. - The company is actively expanding port functions and enhancing risk resistance capabilities, adhering to a sustainable development strategy[29]. - The company is focusing on the construction of smart and green ports, continuously pushing for innovation and digital transformation[33]. Environmental and Safety Measures - The company has implemented various environmental protection measures, including wastewater treatment systems and pollution prevention facilities[62][63]. - The company is committed to building a green port, focusing on clean production and pollution control to achieve sustainable development[70]. - The company has established emergency response plans for environmental incidents and conducts regular monitoring of wastewater treatment[65][66]. Financial Management - The company reported a decrease in financial expenses to CNY 118,179,309.60, down from CNY 183,859,398.63 in the first half of 2021[128]. - The company generated interest income of 17,546,755.56 from deposits with Tianjin Port Financial Co., ensuring the deposit rate is not lower than the same period's commercial bank deposit rates[85]. - The company has established a daily related transaction framework agreement with related parties, ensuring fair pricing based on market standards[83]. Risks and Challenges - The company faces economic fluctuation risks, as its performance is closely tied to the national economic development and port cargo throughput[51]. - Changes in national industrial policies pose risks, as the port transportation sector is heavily influenced by government support and regulations[51]. - The competition for international container hub status is intensifying, with major ports in the Bohai Rim actively expanding capacity[52].