Tianjin Port (SH:600717)2024-03-22 16:00Financial Performance - Total operating revenue for 2023 reached ¥11,704,036,768.22, an increase of 8.16% from ¥10,822,024,955.83 in 2022[36]. - Net profit for 2023 was ¥1,430,786,018.39, representing a growth of 24.3% compared to ¥1,151,168,223.34 in 2022[36]. - Operating profit increased to ¥1,750,296,846.86, a rise of 17.6% from ¥1,488,443,964.46 in the prior year[36]. - The company reported a total comprehensive income of ¥660,837,181.04 for 2023, compared to ¥685,570,414.88 in 2022[85]. - The company reported a total revenue of 24,667,706,140.19 RMB for the year 2023[123]. - The company reported a profit distribution of -292,294,104.84 to shareholders, reflecting a significant reduction in profit allocation compared to the previous year[131]. Equity and Liabilities - The total equity attributable to the parent company at the end of 2022 was approximately ¥17.38 billion, with a total equity of approximately ¥22.86 billion[8]. - The total owner's equity at the end of the current period is 17,492,083,772.72, an increase from 16,661,131,374.23 at the end of the previous year, reflecting a growth of approximately 5%[129]. - The total liabilities amounted to ¥9,546,888,170.48, up from ¥9,430,109,365.25 in the previous year, indicating an increase of about 1.24%[60]. - The total equity attributable to shareholders rose to ¥18,631,979,155.10, compared to ¥17,926,249,845.01 in the previous year, reflecting an increase of about 3.92%[60]. Cash Flow - The company's cash outflow from financing activities totaled ¥2,801,366,115.47, down from ¥5,143,526,847.60, indicating a decrease of approximately 45.40%[66]. - The net cash flow from financing activities improved to 45,465,117.48 RMB in 2023, compared to -1,285,438,165.07 RMB in 2022, indicating a significant recovery[144]. - Cash flow from operating activities for 2023 was ¥2,377,875,368.53, slightly down from ¥2,388,747,275.90 in 2022[86]. Assets - The total assets increased to ¥18,362,893,371.29 as of December 31, 2023, compared to ¥17,610,155,284.77 in 2022, reflecting a growth of approximately 4.26%[61]. - The total current assets reached ¥7,073,698,788.94, compared to ¥6,310,475,557.36 as of December 31, 2022, reflecting a growth of approximately 12.14%[80]. - The company's cash and cash equivalents were reported at ¥4,987,906,893.86, up from ¥4,338,576,723.75, indicating an increase of about 15.00%[80]. Investment and Research - Investment income for the year was ¥406,922,093.10, down from ¥483,132,682.37 in 2022[36]. - Research and development expenses totaled ¥93,064,850.27, a slight decrease from ¥98,166,337.23 in the previous year[36]. - The company plans to invest 100 million CNY in research and development for new technologies in the upcoming fiscal year[200]. Operational Highlights - The company achieved a cargo throughput of 445 million tons in 2023, a year-on-year increase of 0.44%, meeting the annual budget of 445 million tons at 100%[186]. - Container throughput reached 20.02 million TEU, up 0.98% year-on-year, completing 99.71% of the annual budget of 20.08 million TEU[186]. - The company introduced 2 new South American shipping routes, expanding its total container shipping routes to 145[186]. Governance and Compliance - The company conducted 21 board meetings in 2023, discussing 145 topics, ensuring robust governance and compliance[187]. - The company has not reported any significant events that could impact its financial stability in the near future[136]. Accounting Policies - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring accurate financial reporting[102]. - The company recognizes financial assets at fair value, with changes recorded in either other comprehensive income or profit and loss, depending on the classification[74].