QHD PORT(SH:601326)2024-03-28 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 1,531,202,403.96 for the fiscal year 2023[15]. - The company's operating revenue for 2023 reached ¥7,054,883,834.36, an increase of 1.96% compared to ¥6,919,421,033.92 in 2022[160]. - The net profit attributable to shareholders for 2023 was ¥1,531,202,403.96, reflecting a growth of 17.03% from ¥1,308,419,060.49 in 2022[160]. - The net profit after deducting non-recurring gains and losses was ¥1,486,526,529.95, which is an increase of 18.87% compared to ¥1,250,538,417.22 in the previous year[160]. - The company's cash flow from operating activities for 2023 was ¥2,393,799,107.25, a slight decrease of 1.66% from ¥2,434,300,401.27 in 2022[160]. - The total assets at the end of 2023 amounted to ¥28,026,106,959.77, a marginal increase of 0.31% from ¥27,940,699,083.26 at the end of 2022[160]. - The net asset attributable to shareholders at the end of 2023 was ¥18,423,519,428.29, representing a growth of 6.36% from ¥17,321,605,086.27 in 2022[160]. - The basic earnings per share for 2023 was ¥0.27, up 17.39% from ¥0.23 in 2022[162]. - The weighted average return on equity for 2023 was 8.57%, an increase of 0.73 percentage points from 7.84% in 2022[162]. - The company's asset-liability ratio decreased to 30.88% in 2023 from 34.77% in 2022, indicating improved financial stability[166]. - The cash and cash equivalents at the end of 2023 were ¥2,838,023,000, down from ¥4,847,758,000 in 2022, reflecting a significant decrease in liquidity[166]. Dividend Policy - The proposed cash dividend for 2023 is RMB 0.83 per 10 shares, totaling RMB 463,755,196.00 to be distributed to shareholders[15]. - The company has established a cash dividend policy that complies with its articles of association and shareholder resolutions[16]. - The board of directors has implemented a comprehensive decision-making process for profit distribution, ensuring clarity and transparency[15]. Corporate Governance - The board of directors includes 2 female members, meeting the diversity requirements set by Hong Kong listing rules[5]. - The company ensures that minority shareholders have ample opportunities to express their opinions and that their legal rights are fully protected[16]. - The company has implemented a series of internal control and corporate governance measures since July 2010 to strengthen its internal monitoring system[20]. - The board of directors is responsible for developing and reviewing corporate governance policies and practices[27]. - The company has a robust internal control and risk management framework to enhance corporate governance and protect shareholder value[56]. - The supervisory board confirmed that the company's directors and senior management have acted in accordance with legal and regulatory requirements[140]. - The supervisory board's composition and meeting frequency comply with applicable laws and regulations, ensuring effective governance[142]. Employee Training and Composition - The company conducted 337 training sessions in 2023, with a total of 28,214 participants, achieving a 100% employee training coverage rate[6]. - The total number of employees in the parent company and major subsidiaries is 9,826, with 8,402 in the parent company and 1,424 in major subsidiaries[33]. - The employee composition includes 5,628 production staff, 1,755 administrative staff, 619 technical staff, and 1,824 other personnel[33]. - The company has a total of 361 employees with a master's degree or higher, and 3,143 with a bachelor's degree[33]. - The company has established a performance-based compensation system that links employee salaries to economic performance, promoting a principle of rewarding high performance[34]. Environmental Initiatives - The company invested ¥28,926.03 million in environmental protection during the reporting period[58]. - The company achieved a reduction of 118,391 tons in carbon dioxide equivalent emissions through various decarbonization measures[66]. - The company completed the construction of a windbreak network project at the east side of the coal phase five yard, enhancing dust control measures[58]. - The company has established a comprehensive dust prevention system throughout the entire production process, improving air quality management[58]. - The company has implemented a green port construction initiative, aiming for a "five-star" green port rating, with successful evaluations at multiple terminals[67]. - The company has maintained compliance with its pollution discharge permit, which is valid until July 27, 2028[60]. Related Party Transactions - The company has confirmed that all related transactions were conducted under normal commercial terms and approved by the board of directors[104]. - The company incurred rental expenses of 120,975,124.01 CNY under the leasing framework agreement with Hebei Port Group for the year 2023[96]. - The adjusted upper limit for services provided by the company to Hebei Port Group for the years 2022, 2023, and 2024 is set at 16,600,000 CNY, 20,000,000 CNY, and 20,000,000 CNY respectively[97]. - The upper limit for services provided by Hebei Port Group to the company for the years 2022, 2023, and 2024 is set at 60,700,000 CNY, 123,940,000 CNY, and 136,334,000 CNY respectively[97]. - The company received services from Hebei Port Group amounting to 991,344,985.76 CNY in 2023[100]. - The company provided services to Hebei Port Group amounting to 107,862,993.19 CNY in 2023[100]. Risk Management - The audit committee regularly reviews the company's risk management and internal control systems, ensuring ongoing effectiveness[22]. - The company has outlined potential risks in its management discussion and analysis section, advising investors to be aware of investment risks[115]. - The company has not faced any major litigation or arbitration matters during the reporting period[92]. - The company has not encountered any significant risks of delisting during the reporting period[91]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 63,443, down from 65,957 at the end of the previous month[189]. - Hebei Port Group Co., Ltd. holds 3,144,268,078 shares, representing 56.27% of the total shares[191]. - The second largest shareholder, Hong Kong Central Clearing Limited, holds 827,480,873 shares, accounting for 14.81%[191]. - The total shares held by the top ten shareholders include 4,000,000,000 shares, which is approximately 70.73% of the total shares[191]. - The company has no changes in the controlling shareholder during the reporting period[194]. - The actual controller is the State-owned Assets Supervision and Administration Commission of Hebei Province[197].