QDPI(SH:601298)2021-08-26 16:00Financial Performance - The company achieved operating revenue of 7,933,081,653 RMB in the first half of the year, a year-on-year increase of 30.65% compared to 6,072,103,452 RMB in the same period last year[18]. - Net profit attributable to shareholders was 2,165,995,532 RMB, reflecting a growth of 7.61% from 2,012,822,439 RMB in the previous year[18]. - Basic earnings per share increased to 0.33 RMB, up 6.45% from 0.31 RMB in the same period last year[17]. - The weighted average return on equity was 6.41%, a slight decrease of 0.05 percentage points from 6.46% in the previous year[17]. - The company reported a total asset value of 57,153,076,757 RMB, showing a minor decrease of 0.04% compared to the previous year[18]. - The company reported a net profit of 2,089,925,825 RMB for the first half of 2021, representing an 8.36% increase compared to 1,928,621,902 RMB in the same period last year[107]. - The company's debt-to-asset ratio decreased by 1.25 percentage points to 34.49% due to the repayment of maturing corporate bonds amounting to 2.174 billion RMB[107]. - The interest coverage ratio improved to 38.93, up 29.29% from 30.11 in the previous year, attributed to an increase in total profit by 274 million RMB and a decrease in interest expenses by 16 million RMB[107]. Cash Flow - The net cash flow from operating activities decreased by 55.36%, amounting to 468,223,094 RMB, primarily due to a net cash outflow of 10,380,000 RMB in procurement activities compared to the previous year[18]. - The company's cash flow from operating activities for the first half of 2021 was CNY 7,528,043,467, significantly higher than CNY 5,777,880,636 in the same period of 2020, marking an increase of 30.3%[122]. - The company's cash and cash equivalents at the end of the period were ¥4,483,927,318, down from ¥6,359,577,827 at the end of the previous year[124]. - Net cash flow from investment activities was ¥1,051,800,387, a significant recovery from a negative cash flow of ¥158,417,963 in the same period last year[123]. - Financing cash inflow reached ¥2,032,231,229, up from ¥1,880,870,258 year-over-year[124]. - Net cash flow from financing activities was -¥3,103,304,352, a decline from a positive cash flow of ¥1,449,706,620 in the previous year[124]. Investments and Acquisitions - The company has increased its research and development expenses by 80.6% to 119.32 million RMB, focusing on the construction of a green smart port[32]. - The company acquired a 49% stake in Qingdao Port General Terminal Co., Ltd., which has now become a wholly-owned subsidiary[40]. - The company has pre-paid 261,903,564 RMB as a deposit for the acquisition of a 51% stake in Qingdao Haiye Oil Terminal Co., Ltd., with an outstanding payment of 1,047,614,256 RMB[40]. - The company acquired 51% equity in Shandong Port Construction for RMB 183.4878 million, with the transaction still pending completion[83]. - The company acquired 100% equity in Tongbao Shipping for RMB 36.656 million, with the transaction also pending completion[84]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,454[99]. - The largest shareholder, Qingdao Port (Group) Co., Ltd., held 3,522,179,000 shares, representing 54.26% of the total shares[100]. - The second-largest shareholder, Shanghai Zhonghai Terminal Development Co., Ltd., held 1,099,025,000 shares, accounting for 16.93%[100]. - The third-largest shareholder, Maersk (Qingdao) Co., Ltd., held 1,015,520,000 shares, representing 15.64%[100]. - No changes occurred in the company's total share capital and structure during the reporting period[96]. Environmental and Social Responsibility - The company was listed as a key pollutant discharge unit by Qingdao City in the first half of 2021[54]. - The company disposed of 1.42 tons of hazardous waste (waste paint buckets and brushes) and 27.94 tons of oil sludge through qualified professional units[54]. - The company has implemented a project to construct a hybrid tugboat, promoting cleaner energy usage in port operations[65]. - The company has engaged a third-party environmental management firm to conduct inspections on 14 key units to enhance pollution control measures[65]. - The company has allocated 6.19 million RMB for 21,000 "Luzhang Family" meat gift packages to support poverty alleviation efforts in Tibet[68]. Risk Management - There are no significant risks such as stock delisting or bankruptcy reported during the period[4]. - The company has detailed descriptions of market, industry, and operational risks in the management discussion and analysis section[4]. - The company faces risks related to macroeconomic fluctuations, which could impact its operational performance due to the port industry's dependence on the national economy[45]. - The company is actively expanding its diversified development space and enhancing its logistics services to mitigate risks from potential adjustments in port fee structures[46]. Corporate Governance - The company has ensured that all board members attended the board meeting, confirming the accuracy and completeness of the report[2]. - The financial report for the half-year period has not been audited[2]. - The company held one shareholder meeting during the reporting period, which took place on June 28, 2021[48]. - Yin Jian was appointed as the Deputy General Manager on March 29, 2021, with a term ending at the conclusion of the third board of directors' term[49]. Financial Reporting and Compliance - The company’s financial report was approved by the board of directors on August 26, 2021[140]. - The company’s financial statements are prepared based on the going concern principle[144]. - The company’s accounting policies and estimates comply with the requirements of the accounting standards, ensuring a true and complete representation of its financial status[144]. - The company has no overdue bonds or any risk of termination of bond trading[105]. - The company did not issue any convertible bonds during the reporting period[108].