1、企业性质：有限责任公司分公司（国有独资） 2、法定代表人：张生根 3、住所：连云港市连云区中山中路263号 6、经营范围： 为船舶提供码头；为旅客提供上下船设施和服务；为委托人提供货物装卸（含过驳）、 仓储，港内驳运、集装箱堆放、拆拼箱以及对货物及其包装进行简单加工处理等；为船舶提供岸电；从 事港口设施、设备和港口机械的租赁、维修业务；危险货物港口作业（范围以《危险货物港口作业认可 证》为准）。提供国内货运代理、劳务、货物查验、熏蒸、集装箱清洗修理等辅助服务；提供信息咨询 服务。（依法须经批准的项目，经相关部门批准后方可开展经营活动） 7、与公司的关联关系：公司董事尹振威在此公司任董事长，公司董事李兵在此公司任董事，公司职工 董事刘强在此公司任监事，公司财务总监徐云在此公司任董事。 （二十五）连云港港口集团有限公司铁路运输分公司 4、主要股东： 连云港港口集团有限公司 5、经营范围： 仓储经营（危险品除外）；为委托人提供货物装卸（含过驳）、仓储、港内驳运、集装 箱堆放、拆拼箱以及对货物及其包装进行简单加工处理；从事港口设施、设备（含机车）和港口机械的 租赁、维修业务（以上凭港口经营许可证经营）；港口铁路运 ...

Core Viewpoint - The ongoing legal disputes surrounding the "60 billion yuan copper concentrate 'missing' incident" at Qinhuangdao Port continue to affect Qin Port Co., Ltd. (601326.SH), with recent developments including an appeal by Jiang Copper International Trade Co., Ltd. for approximately 560 million yuan [1][4][5]. Legal Developments - Jiang Copper has filed an appeal with the Tianjin High People's Court, which has accepted the case involving a claim of about 560 million yuan, following a previous ruling that dismissed their initial lawsuit [1][4][5]. - The initial ruling by the Tianjin Maritime Court rejected Jiang Copper's claim due to the overlap with a criminal case involving another party, indicating that any further claims could only be pursued after the criminal case concluded [4][5]. - Qin Port Co., Ltd. maintains that it has not engaged in any breach of contract and has not incurred any contingent liabilities related to these lawsuits as of June 30, 2025 [5][8]. Financial Implications - The total amount involved in the copper concentrate-related lawsuits has reached approximately 1.929 billion yuan, with various parties including Jiang Copper, Shaanxi Blower Group, and China Chemical Fiber involved [6][8]. - As of the latest reports, Qin Port Co., Ltd. has not recognized any expected liabilities related to these lawsuits, asserting that their operations strictly adhered to contractual agreements with logistics companies [8]. Company Performance - In the first three quarters of the year, Qin Port Co., Ltd. reported revenues of 5.212 billion yuan and a net profit attributable to shareholders of 1.391 billion yuan, both reflecting year-on-year growth [9].

Performance Summary - In H1 2025, the company reported operating revenue of 2.593 billion yuan, a year-on-year decrease of 12.93%, and a net profit attributable to shareholders of 885 million yuan, down 19.83% [1] - Q2 2025 saw operating revenue of 1.36 billion yuan, a decline of 9.24%, and a net profit of 503 million yuan, down 10.50% [1] - The decline in revenue is attributed to the transfer of tugboat company equity and changes in cargo structure leading to reduced port operation income [1] - The company achieved a throughput of 119 million tons in H1 2025, remaining stable year-on-year, with specific cargo volumes showing slight declines [1] Financial Metrics - The gross profit margin for H1 2025 was 45.18%, a decrease of 4.8 percentage points, primarily due to a decline in high-margin cargo throughput [2] - The expense ratio decreased by 1.85 percentage points, with financial expenses improving due to increased interest income from deposits [2] - Investment income fell to 227 million yuan, a decrease of 25.7%, influenced by lower dividend income and previous year's disposal gains [2] - The net profit margin for H1 2025 was 34.12%, down 2.94 percentage points year-on-year [2] Future Projects and Adjustments - The company plans to construct new bulk cargo berths, with total investment adjusted from no more than 5.4 billion yuan to 6 billion yuan [3] - New investment projects include a mineral processing project and a grain transshipment warehouse, with respective investments of 1.318 billion yuan and 719 million yuan [3] - Due to lower-than-expected throughput demand for coal and other bulk commodities, the company has revised its net profit forecasts for 2025-2027 [3]