NBMC(SH:600798)2024-04-26 12:47Financial Performance - The net profit attributable to shareholders for 2023 was CNY 111,761,558.79, with a year-end distributable profit of CNY 831,154,308.42[4] - The proposed cash dividend for 2023 is CNY 0.30 per 10 shares, totaling an expected distribution of CNY 36,196,026.03[4] - The remaining undistributed profit for the parent company is CNY 794,958,282.39, which will be carried forward to the next year[4] - The company's operating revenue for 2023 was CNY 2,266,743,308.40, representing a 9.33% increase compared to CNY 2,073,363,212.40 in 2022[18] - The net profit attributable to shareholders for 2023 was CNY 111,761,558.79, a decrease of 1.75% from CNY 113,747,156.08 in 2022[18] - The cash flow from operating activities increased by 67.87% to CNY 825,088,101.17 in 2023, compared to CNY 491,489,863.44 in 2022[18] - The basic earnings per share for 2023 was CNY 0.0926, down 1.80% from CNY 0.0943 in 2022[19] - The weighted average return on equity decreased to 2.84% in 2023 from 2.94% in 2022, a decline of 0.10 percentage points[19] - The total assets at the end of 2023 were CNY 6,747,934,510.28, a decrease of 1.98% from CNY 6,883,992,751.06 at the end of 2022[18] - The company reported a non-recurring gain of CNY 31,892,728.17 from the disposal of non-current assets in 2023[22] - The net profit after deducting non-recurring gains for 2023 was CNY 93,006,843.85, a significant increase of 37.59% from CNY 67,596,629.60 in 2022[18] Operational Risks - The company faces maritime risks including severe weather, piracy, and mechanical failures, which could adversely affect operations[5] - The company has implemented a safety management system and various insurance policies to mitigate operational risks[5] Revenue and Growth - The company achieved a cargo volume of 42.7045 million tons, representing a 115.86% increase year-on-year, and a turnover of 94.614 billion ton-kilometers, up 137.34% from the previous year[37] - Revenue from waterway cargo transportation reached 1.7462327 billion yuan, an increase of 8.63% compared to the previous year, primarily due to increased demand for imported coal from upstream customers[38] - The company’s rental shipping business saw cargo volume and revenue increase by 53.23% and 50.22% respectively compared to the previous year[38] - The total passenger transport volume reached 9.3 billion person-times in 2023, an increase of 66.5% year-on-year[35] - The company increased highway toll revenue compared to the previous year due to the recovery of public travel demand[27] Fleet and Infrastructure - The company currently operates a fleet of 31 vessels with a total capacity of 1.529 million deadweight tons[36] - The average age of the company's fleet at the end of the reporting period was 13.48 years, a decrease of 0.64 years compared to the previous year[37] - The company successfully completed the handover and operation of the "Mingzhou 507" vessel in early 2023, while old vessels "Mingzhou 25" and "Mingzhou 58" were auctioned off[29] - The company has implemented a digital reform to seek green transformation and is promoting the application of shore power systems across its fleet[29] Environmental Initiatives - The company invested 1,922,000 CNY in environmental protection initiatives during the reporting period[135] - The total water consumption decreased by 15.66% compared to 2022, reflecting the company's commitment to water resource management[143] - The company implemented shore power systems on 12 vessels, achieving a total power supply of 1,117,265 kWh, saving approximately 326.2 tons of fuel and reducing CO2 emissions by 978.7 tons[143] - The company reduced carbon emissions by 6,759 tons through various carbon reduction measures, including energy consumption management and waste gas emission management[141] - The company actively engaged in social responsibility projects, with a total investment of CNY 3.27 million in public welfare donations and assistance[145] Governance and Management - The company appointed Mr. Wang Jingyi as the chairman of the ninth supervisory board and added Mr. Zhou Jianding and Mr. Chen Lüpeng as employee supervisors[89] - The company held three earnings explanation meetings in 2022 and 2023 to enhance investor understanding of its financial performance and operational status[90] - The company successfully passed an external internal control audit, reinforcing its risk prevention measures for transformation and upgrading[91] - The company continues to enhance its internal control systems and governance practices, revising six key governance documents during the reporting period[90] - The company has established specialized committees under the board, including the Audit Committee and the Compensation and Assessment Committee[115] Strategic Partnerships - The company has agreed to sign a financial service cooperation agreement with Zhejiang Energy Group, indicating a strategy for expanding financial partnerships[116] - Zhejiang Energy Group guarantees that related transactions will be conducted at fair and reasonable prices, ensuring no harm to the rights of the listed company and its shareholders[153] Future Outlook - The company anticipates a 5.0% economic growth rate in China for 2024, supported by expanding consumer demand[73] - The international dry bulk shipping market is expected to see a trade volume growth of 0.9% in 2024, with fleet capacity growth projected at 1.7%-3.6%[73] - The company plans to achieve a total operating revenue of 1.996 billion yuan in 2024, with total operating costs projected at 2.029 billion yuan[79] - The target cargo transportation volume for 2024 is set at 43.3502 million tons, with a cargo turnover of 88.744 billion ton-kilometers[79] Shareholder Structure - The total number of ordinary shareholders as of the end of the reporting period was 64,303, a decrease from 64,744 at the end of the previous month[180] - The largest shareholder, Ningbo Shipping Group Co., Ltd., held 31.11% of the shares, totaling 375,346,368 shares[181] - Zhejiang Energy Group Co., Ltd. held 12.38% of the shares, totaling 149,395,342 shares[181] - The company has not reported any changes in the controlling shareholder during the reporting period, ensuring continuity in management[186] Legal and Compliance - The company is currently involved in a major lawsuit related to equity transfer disputes, with ongoing proceedings in the Shanghai courts[157] - The company did not receive any penalties from securities regulatory agencies in the past three years[108] - The internal control system is robust, with no significant deficiencies reported, and an independent audit confirmed the effectiveness of the internal controls[134]