招港B(201872) - 2021 Q4 - 年度财报

Financial Performance - The company's revenue and net profit attributable to shareholders reached historical highs, driven by effective pandemic control and operational breakthroughs[9]. - The company reported a significant increase in revenue, with a total of RMB 1,793,412,378 in 2021, reflecting a growth of 57.52% compared to the previous year[34]. - The company's operating revenue for 2021 was CNY 15,283,808,174.60, representing a 19.81% increase from CNY 12,618,529,996.02 in 2020[36]. - The net profit attributable to shareholders for 2021 was CNY 2,685,829,204.07, up 29.51% from CNY 2,065,322,969.66 in 2020[36]. - The company reported a significant increase in government subsidies, totaling CNY 314,172,152.25 in 2021 compared to CNY 238,216,977.76 in 2020[45]. - The company reported a trade surplus of 4.37 trillion yuan in 2021, growing by 20.2% compared to the previous year[50]. - The total operating revenue for 2021 was CNY 15,283,808,174.60, representing a year-on-year increase of 19.81% from CNY 12,756,744,317.91 in 2020[89]. - The port business contributed CNY 14,635,410,073.74, accounting for 95.76% of total revenue, with a growth of 20.10% compared to the previous year[89]. Operational Highlights - In 2021, the company's port container throughput reached 136.394 million TEU, an increase of 12.0% year-on-year[6]. - Container throughput in mainland China was 95.138 million TEU, up 10.9% year-on-year; overseas ports achieved 33.572 million TEU, a growth of 16.3%[8]. - The company's port bulk cargo throughput reached 613.085 million tons, with a significant year-on-year increase of 35.0%[65]. - The company completed 1,283.4 million TEU in container throughput in the Western Shenzhen Port area, an increase of 8.4% year-on-year, driven by the launch of the Mawan Smart Port[75]. - The company expanded its shipping routes, adding 35 new routes in the Shenzhen Western Port, enhancing its operational capacity[86]. - The Mawan Smart Port project was completed and officially put into operation, receiving multiple awards and enhancing regional competitiveness[87]. - The company’s overseas container throughput at TCP in Brazil reached 1.101 million TEU, a year-on-year increase of 12.0%[83]. Strategic Initiatives - The company plans to establish its overseas ports in Sri Lanka as international container hubs, enhancing integrated operational management[12]. - The company aims to enhance its mother port construction and improve customer service levels, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area[12]. - The company is committed to innovation-driven development and aims to enhance global market competitiveness through reform and innovation[11]. - The company emphasizes innovation-driven growth and aims to enhance smart port operations through the "China Merchants ePort" platform and the "China Merchants Core" platform[13]. - The company plans to deepen customer-centric strategies and strengthen collaborations with major shipping companies, focusing on a multi-dimensional business alliance centered around the deep western mother port[13]. - The company aims to leverage the "Belt and Road" initiative to expand its global port investment and operational capabilities[58]. - The company is actively pursuing digitalization, carbon neutrality, and new infrastructure initiatives to drive industry transformation[52]. Risk Management and Governance - The company recognizes the need to improve its risk management system to adapt to complex external environments and currency fluctuations[156]. - The company has established a risk warning system to accurately grasp the situation and effectively identify and manage risks[158]. - The company has implemented a special action plan to enhance governance levels and achieve high-quality development, in line with government guidelines[170]. - The company has established a comprehensive internal control management mechanism, implementing measures such as separation of incompatible duties, authorization approval control, accounting system control, asset protection control, and budget control to prevent significant internal control deficiencies[171]. - The company has timely disclosed its internal control self-assessment report to the Shenzhen Securities Regulatory Bureau, confirming no major deficiencies were found[171]. Future Outlook - The company anticipates that China's economy will experience a trend of recovery in 2022, albeit at a slower pace compared to 2021[11]. - The company provided a positive outlook for 2022, projecting a revenue growth of 12% to 15% based on current market trends and expansion strategies[200]. - The company aims to enhance its international operational management system to create sustainable value and improve competitiveness[151]. - The company is committed to enhancing its sustainability practices in port operations to align with global environmental standards[56]. - Future guidance indicates a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[200]. Investment and Acquisitions - The company completed a major acquisition, increasing its shareholding in Shenzhen Chiwan Wharf Holdings Limited to 57.52%[34]. - The company is actively exploring new technologies to improve its service delivery and operational capabilities in the port sector[32]. - The company is exploring potential acquisitions to strengthen its supply chain, with a budget of 1 billion RMB allocated for this purpose[200]. - The company plans to continue expanding its market presence and enhancing its operational capabilities through strategic investments and acquisitions[35]. Technological Development - The company is focused on technological development in logistics and supply chain management, aiming to improve operational efficiency[32]. - The company has developed the "Zhaoshang Core" operating system, which has been applied in both domestic and overseas terminals, laying a solid foundation for smart port construction[62]. - The "Zhaoshang ePort" platform integrates port, shipping, logistics, and third-party e-commerce services, contributing to the establishment of a smart port ecosystem[63]. - The company is developing an automated unmanned container truck system to address labor shortages in the port operations[100]. - The company aims to enhance operational efficiency through the implementation of intelligent algorithms in its smart yard planning[100].