Operating Performance - The company maintained stable operating performance despite adverse market conditions, with cargo throughput, operating revenue, and profit remaining relatively stable[6]. - In 2023, the total cargo throughput was 27.8 million tons, a decrease of 4.4% from 29.1 million tons in 2022[12]. - Container throughput reached 19,199 TEUs, an increase of 54.3% compared to 12,446 TEUs in 2022[12]. - Total revenue for 2023 was RMB 173.6 million, down 7.4% from RMB 187.4 million in 2022[12]. - The profit for 2023 was RMB 81.1 million, a decrease of 7.3% from RMB 87.5 million in 2022[12]. - The revenue from bulk cargo and general cargo services was RMB 145.8 million, a decrease of 10.2% from RMB 162.4 million in 2022[19]. - Revenue from container services increased by 59.5% to RMB 3.5 million from RMB 2.2 million in 2022[19]. - The gross profit for 2023 was RMB 111.1 million, a decrease of 3.5% from RMB 115.1 million in 2022, while the gross margin improved to 64.0%[22]. Safety and Environmental Compliance - The company reported no significant safety or environmental incidents throughout the year, maintaining all indicators within the set control range[9]. - The company has established an environmental protection and safety department led by a senior manager to oversee compliance with environmental regulations[184]. - The company has obtained all necessary local and national permits, including port operation licenses and hazardous cargo operation certificates[184]. - The company has adhered to all relevant environmental regulations, including the Water Pollution Prevention Law and the Air Pollution Prevention Law of the People's Republic of China[184]. - The company has not been involved in any confirmed violations related to environmental protection that would significantly impact its operations[184]. Strategic Initiatives - The company initiated the dedicated railway line project as part of the multi-modal transport demonstration project, establishing three new companies to advance port and railway construction[7]. - The company plans to focus on innovation and transformation in 2024, marking it as a crucial year for the comprehensive construction of the dedicated railway line[9]. - The company plans to enhance logistics services and infrastructure, including the initiation of a dedicated railway project to improve port connectivity in 2024[17]. Financial Management - The group's income tax expense for the year ended December 31, 2023, was approximately RMB 17.0 million, a decrease of RMB 3.2 million or about 15.8% compared to RMB 20.2 million in 2022[25]. - The net profit for the year was approximately RMB 81.1 million, maintaining a net profit margin of 46.7%, consistent with the previous year[26]. - As of December 31, 2023, the net book value of property, plant, and equipment was approximately RMB 400.3 million, down from RMB 417.4 million in 2022, primarily due to depreciation expenses of RMB 23.4 million[27]. - The group's bank and cash balance was approximately RMB 301.6 million as of December 31, 2023, an increase from RMB 288.8 million in 2022[28]. - The company did not recommend the payment of dividends for the year[32]. Corporate Governance - The company has confirmed compliance with relevant laws and regulations, with no significant non-compliance events reported for the year ending December 31, 2023[99]. - The company has adopted a board diversity policy, aiming for at least one board member of a different gender and at least one member with accounting or other professional qualifications[121]. - The company has maintained compliance with the corporate governance code and has not deviated from the applicable provisions during the reporting period[113]. - The board consists of six directors, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse skill set and experience relevant to the group's business management[110]. - The independent non-executive directors possess valuable experience and expertise in legal, accounting, or business auditing fields, providing neutral opinions and independent judgments[113]. Environmental, Social, and Governance (ESG) Initiatives - The company’s ESG report outlines strategies and performance in environmental and social aspects for the fiscal year 2023, covering operations at Jiangkou and Niutoushan terminals[166][167]. - The company has established an ESG working group to assist the board in monitoring and promoting the implementation of ESG strategies[173]. - The company focuses on maintaining close communication with stakeholders to enhance its sustainable development strategies[177]. - The company aims to create long-term value for all stakeholders and the communities in which it operates[173]. Energy and Emissions Management - Total greenhouse gas emissions for the year amounted to 8,789,957.17 kg CO2 equivalent, an increase of 14.6% from 7,669,569.20 kg CO2 equivalent in the previous year[189]. - The company aims to maintain or reduce total greenhouse gas emissions density in the upcoming year, using 2023 as the baseline year[189]. - The company is gradually replacing high-emission diesel-powered port transport machinery with electric alternatives[189]. - The company has implemented energy-saving measures such as turning off unused lighting and equipment to reduce energy consumption[196]. - Water consumption for domestic use was recorded at 27,587.00 cubic meters in 2023, slightly up from 27,252.33 cubic meters in 2022, reflecting a 1.23% increase[200].
远航港口(08502) - 2023 - 年度财报