2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,884,711,772.40, a decrease of 1.30% compared to CNY 2,922,840,507.33 in the same period last year[4] - Net profit attributable to shareholders of the listed company was CNY 481,807,363.95, representing an 18.66% decrease from CNY 592,319,978.19 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 32.38% to CNY 451,631,546.96, compared to CNY 341,159,257.25 in the same period last year[6] - The basic earnings per share decreased by 23.28% to CNY 0.020086 from CNY 0.026182 in the same period last year[6] - The company reported a net profit margin of approximately 19.2% for Q1 2022, down from 20.5% in Q1 2021[23] - The net profit for Q1 2022 was CNY 510,659,651.64, a decrease from CNY 631,704,544.52 in Q1 2021, representing a decline of approximately 19.1%[25] - The total comprehensive income for Q1 2022 was CNY 510,073,260.99, compared to CNY 632,154,258.78 in Q1 2021, indicating a decrease of about 19.3%[26] Cash Flow - The net cash flow from operating activities was CNY 154,718,143.98, an increase of 26.72% from CNY 122,098,217.62 in the previous year[6] - The net cash flow from investment activities for the year-to-date period is 97.00 million, primarily impacted by significant net outflows for structured deposits in the previous year's first quarter[12] - The net cash flow from financing activities for the year-to-date period is 88.11 million, mainly due to the repayment of current loans in the previous year's first quarter[12] - The company incurred a credit impairment loss of CNY 680,045.67, significantly lower than CNY 10,926,755.03 in Q1 2021, indicating an improvement in credit quality[25] - The cash outflow from investment activities was CNY 58,568,283.64, a significant decrease from CNY 2,752,033,735.62 in the previous year, reflecting a reduction in investment expenditures[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 59,122,415,278.87, reflecting a 2.26% increase from CNY 57,813,249,659.50 at the end of the previous year[6] - The equity attributable to shareholders of the listed company was CNY 38,444,966,526.29, a 1.31% increase from CNY 37,946,034,485.62 at the end of the previous year[6] - Total liabilities increased to ¥17,540,546,664.30 in Q1 2022, compared to ¥16,759,508,039.15 in Q1 2021[22] - Shareholders' equity reached ¥41,581,868,614.57 as of March 31, 2022, up from ¥41,053,741,620.35 at the end of 2021[22] Operational Metrics - Container throughput for the first quarter is 194.5 million TEU, a decrease of 5.3% compared to 205.3 million TEU in the same period last year[17] - The throughput of oil products is 1,214.1 million tons, down 29.4% from 1,718.4 million tons year-on-year[17] - The throughput of bulk cargo increased by 12.5%, reaching 4,960.8 million tons compared to 4,409.5 million tons in the previous year[17] - The passenger roll-on/roll-off throughput decreased to 29.8 million passengers, a decline of 21.2% compared to 37.8 million passengers in the same period last year[17] - The impact of the pandemic has led to a decrease in the company's overall throughput, particularly in container and passenger transport[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 284,532[13] - The largest shareholder, Yingkou Port Group Co., Ltd., holds 6,916,185,012 shares, representing 28.83% of total shares[15] Investment and R&D - The company completed the acquisition of assets related to coal, barge, and hydropower businesses from Yingkou Port Group, valued at CNY 2,341,776,800.00[4] - Research and development expenses increased to ¥17,731,980.00 in Q1 2022, compared to ¥13,695,980.00 in Q1 2021, indicating a commitment to innovation[21] - The company plans to focus on expanding its market presence and investing in new technologies in the upcoming quarters[22] Cost and Expenses - Total operating costs increased to ¥2,327,690,880.81 in Q1 2022, up 2.2% from ¥2,277,525,545.01 in Q1 2021[23] - The management expenses decreased to CNY 152,308,440.69 from CNY 188,228,415.42, showing a reduction of about 19.1%[25] - The investment income was CNY 68,897,433.27, down from CNY 91,446,873.28, representing a decline of approximately 24.6%[25] - The tax expenses for the quarter were CNY 172,239,801.01, slightly lower than CNY 173,362,545.11 in Q1 2021, showing a marginal decrease of about 0.7%[25] Cash Management - Cash and cash equivalents as of March 31, 2022, were ¥4,747,302,164.85, compared to ¥4,682,837,844.76 at the end of 2021, reflecting a slight increase[20] - The ending balance of cash and cash equivalents reached $4.49 billion[28] - The beginning balance of cash and cash equivalents was $4.43 billion[28] - The net increase in cash and cash equivalents was $61.32 million[28] - The impact of exchange rate changes on cash and cash equivalents was -$289,384.87[28] - Total cash outflow for financing activities was $385.68 million[28] - Total cash distribution to minority shareholders was $647,906.02[28] - Cash inflow from financing activities totaled $60 million[28] - Cash outflow for debt repayment amounted to $223 million[28] - Net cash flow from financing activities was -$38.73 million[28] Accounting Standards - The company did not apply the new accounting standards for the current year[28]