|
|
|
|
|
|
| Revenue Rose 12.44% to RMB7.03 billion; Earnings per Share Increased 24.24% to RMB 0.41 |
HONG KONG, Mar 31, 2014 - (ACN Newswire) - Qinhuangdao Port Co., Ltd. (stock code: 3369), today announced its annual results for the year ended 31 December 2013 (the "year under review").
Attributable to the growth of port industry in China, in particular, the port industry in Bohai Rim, where the Group based, the revenue and profit of the Group recorded a significant increase in 2013. For the year ended 31 December 2013, the operating income of the Group amounted to RMB7,027.9 million, representing an increase of 12.44% compared to 2012. The gross profit was RMB 2,990.6 million, increased by 10% compared to 2012. Net profit attributable to owners of the parent was RMB1,777.61 million, increased by 26.43% compared to 2012. The gross profit margin and net profit margin was 42.55% and 25.47% respectively. Earnings per share of the Group amounted to RMB0.41, representing a year-on-year increase of 24.24%. The board of directors proposed a final dividend of RMB0.32 per share(before tax) for the year ended 31 December 2013.
In 2013, the total throughput of the Group amounted to 364.98 million tonnes, representing an increase of 8.6% as compared to 2012. The throughput of all major types of cargos handled by the Group achieved steady growth, including: 341.35 million tonnes of dry bulk, accounted for 93.53% of total throughput, representing a year-on-year increase of 8.42%; in which 243.82 million tonnes of Coal, accounted for 66.81% of total throughput, representing a year-on-year increase of 1.85%; 97.53 million tonnes of metal ore, accounted for 26.72% of total throughput, representing a year-on-year increase of 29.28%; 8.30 million tonnes of oil and liquefied chemicals, accounted for2.27% of total throughput, representing a year-on-year decrease of 8.49%; 7.98 million tonnes of container, accounted for 2.19% of total throughput, representing a year-on-year increase of 43.53%; 7.35 million tonnes of general and other cargoes, accounted for 2.01% of total throughput, representing a year-on-year increase of 11.36%.
In respect of coal, the Group continued to optimize the cargo mix in 2013 to ensure sufficient sources of major cargoes and steady increase of throughput. Moreover, the Group strengthened cooperation in long-term leasing business to guarantee effective operation of exclusive sites. Long-term leasing, as a cooperation mode, has played an important role in stabilizing throughput of ports. Through the provision of scheduled shipping services, the Group not only secured stable supply of thermal coal, but also established satisfactory cooperation relationship between producers, shipping suppliers and the users. The Group also invented a pre-parking zone, a new transportation mode for vessel loading and unloading, which improved the efficiency of vessel organization and berth utilization rate as well as the transportation capability of the ports.
In respect of metal ores and handling of general cargo, the Group operates 17 general cargo berths in Qinhuangdao Port, six general cargo berths in Huanghua Port, which can be used for handling general cargo, as well as four ore berths and two general bulk berths in Caofeidian Port through its associate company, Caofeidian Shiye Port Company. The Group is planning to develop two 200,000-tonne ore berths in Huanghua Port. As at the end of 2013, the main construction of berths, dredging of ports and installation of stackerreclaimers and shiploaders were in smooth progress as scheduled. The project is expected to be completed in 2014.
In respect of stevedoring services of oil and liquefied chemicals, in 2013, the new No. 107 oil berth of the Group passed inspection and acceptance and commenced production; and renovation of No. 101 and 102 oil berths of the Group passed inspection and acceptance. The abilities to berth vessels of the two berths improved significantly upon renovation.
In respect of container service, the Group recorded 618,000 TEUs, equivalent to the throughput of 7.98 million tonnes, representing increases of 56.9% and 43.53% as compared with the last year in number of containers and throughput, respectively. The Group began the development of the routes for the shipping companies including the significant increase of schedules for "Qinhuangdao - Huangpu" route; the opening of internal trade sub-route "Qingdao - Huanghua - Qinhuangdao - Qingdao"; the opening of "Qinhuangdao - Dalian - Shanghai" route; and completed research and surveying of Kansai route of Japan to prepare for the operation of Kansai route.
In respect of ancillary port services and value-added services, the revenue from ancillary port services and value-added services was RMB220.939 million, representing a year-on-year increase of 2.35%. During the year, the Group further enhanced its capabilities in providing integrated and comprehensive services for coal transfer and actively provided value-added services such as coal, blending, which not only satisfied customers' needs but also reduced their integrated procurement costs.
Looking forward to 2014, the Group will continue to grasp the growth opportunities of business in the future, committed to become a world leading port operator and comprehensive logistical service provider and further strengthen its leading position in the industry. Specifically, the Group plans to continue to enhance its operating efficiency and integrated service capabilities at Qinhuangdao Port, to strengthen its leading position in coal handling. The Group will continue to accelerate its investment in and development of terminals in Caofeidian Port and plans to construct dedicated ore and oil berths, as well as coal berths in connection with the commencement of operations of the Hanhuang Line. Meanwhile, the Group plans to further promote its port logistical service capabilities, including providing more efficient services for cargo transshipping, stevedoring, storage, freight forwarding, shipping agency, customs clearance, cargo tallying, processing and trading.
On the other hand, the Group plans to continue to leverage this platform to actively promote capital market transactions and services for coal-related financial derivative products, such as extending its spot trading service platform to provide online trading and medium to long term coal spot trading, and strives to build Qinhuangdao Coal Market into the largest coal trading market in China with the most comprehensive functions and a focus on logistical services. In the respect of relationships with customers and partners, the Group is committed to building strong and long-term relationships with major customers through long-term contracts, jointly-owned entities in terminals and other strategic alliances. Meanwhile, the Group intends to develop relationships with new customers, and further strengthen its strategic relationships with other coastal ports and the relevant railway departments. Moreover, the Group will continue to focus on research and development and human resource development, building upon itsoperations in the Bohai Rim, to pursue suitable acquisition opportunities in China and abroad to extend its leading competitive operation, in order to promote its international brand name.
Topic: Press release summary
Source: Qinhuangdao Port
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
|
