Financial Performance - Total revenue for Q1 2024 was $332.7 million, a 1.4% increase from $328.0 million in Q1 2023[5] - Gross profit decreased by 2.6% to $87.6 million compared to $89.9 million in the same period last year[5] - Profit attributable to equity holders rose by 0.6% to $62.9 million, compared to $62.5 million in the previous year[5] - Basic earnings per share decreased by 3.3% to 1.76 cents from 1.82 cents in Q1 2023[5] - The company reported a net profit of $76.5 million for the quarter, down from $77.5 million in the same period last year[9] Throughput and Operations - Total throughput increased by 9.8% to 33,262,222 TEUs, up from 30,305,420 TEUs in Q1 2023[11] - The company’s equity throughput increased by 9.3% to 10,507,302 TEUs from 9,609,708 TEUs year-on-year[11] - Non-controlling terminal throughput increased by 9.3% to 25,839,142 TEUs, while controlling terminal throughput rose by 11.5% to 7,423,080 TEUs[12] - Total throughput in China increased by 11.4% year-on-year to 25,225,841 TEUs, accounting for 75.8% of the group's total throughput[13] - The equity throughput in the Bohai Rim region rose by 9.2% year-on-year to 3,077,242 TEUs, representing 29.3% of the group's equity throughput[14] - The Yangtze River Delta region's total throughput grew by 15.0% year-on-year to 3,833,054 TEUs, contributing 11.5% to the group's total throughput[15] - The Southeast Coast and other regions saw a significant increase in equity throughput by 27.6% year-on-year to 1,020,203 TEUs, accounting for 9.7% of the group's equity throughput[16] - The total throughput in the Pearl River Delta region increased by 9.3% year-on-year to 6,441,520 TEUs, making up 19.4% of the group's total throughput[17] - The Southwest Coast region's total throughput surged by 20.3% year-on-year to 1,939,800 TEUs, representing 5.8% of the group's total throughput[18] - Total throughput in overseas regions rose by 5.0% year-on-year to 8,036,381 TEUs, accounting for 24.2% of the group's total throughput[19] - The throughput at the Bohai Rim increased by 10.0% to 11,610,844 TEUs from 10,554,580 TEUs year-over-year[23] - Qingdao Port International Co., Ltd. reported a throughput of 7,670,000 TEUs, up 11.5% from 6,880,000 TEUs in the previous year[23] - The throughput at the Yangtze River Delta rose by 15.0% to 3,833,054 TEUs compared to 3,333,179 TEUs in the same quarter of 2023[23] - The total throughput in the Pearl River Delta was 6,441,520 TEUs, reflecting a 9.3% increase from 5,891,113 TEUs year-over-year[23] - The throughput at the South China region increased by 20.3% to 1,939,800 TEUs from 1,611,900 TEUs in the same period last year[23] - The overseas terminals reported a throughput of 8,036,381 TEUs, which is a 5.0% increase from 7,654,634 TEUs in the previous year[23] - The throughput at CSP Abu Dhabi Terminal L.L.C. surged by 52.6% to 431,217 TEUs from 282,597 TEUs year-over-year[23] Cargo and Trade - The total bulk cargo throughput for the three months ending March 31, 2024, was 115,693,626 tons, an increase of 3.3% from 111,954,353 tons in the same period of 2023[24] - The total automobile throughput decreased by 8.5% to 158,620 units from 173,430 units year-over-year[24] - In Q1 2024, China's total import and export trade value reached RMB 10.2 trillion, a year-on-year increase of 5%[20] Strategic Initiatives - The company aims to enhance global resource allocation and invest in emerging markets and key supply chain resources[21] - The company plans to accelerate the construction of the Peru Chancay Port project and strengthen marketing efforts at key hub ports like Piraeus and CSP Abu Dhabi[21] Assets and Liabilities - Total assets as of March 31, 2024, were $11.84 billion, a slight decrease from $11.93 billion at the end of 2023[7] - Total liabilities decreased to $5.03 billion from $5.09 billion year-on-year[8]
中远海运港口(01199) - 2024 Q1 - 季度业绩