NZP(601018)2025-03-27 13:00Financial Performance - The net profit attributable to shareholders for 2024 is CNY 4,897,513 thousand, with the parent company achieving a net profit of CNY 3,894,139 thousand[4]. - The proposed profit distribution plan allocates 60% of the distributable profit of CNY 3,504,725 thousand, resulting in a cash dividend of CNY 1.08 per 10 shares (including tax) for shareholders[4]. - The total dividend payout required for the proposed distribution is CNY 2,101,074 thousand[4]. - Net profit attributable to shareholders for 2024 was CNY 4,897,513 thousand, up 4.91% from CNY 4,668,391 thousand in 2023[19]. - The company's operating revenue for 2024 reached CNY 28,702,311 thousand, representing a year-on-year increase of 10.42% compared to CNY 25,993,200 thousand in 2023[19]. - The basic earnings per share for 2024 was CNY 0.25, up 4.17% from CNY 0.24 in 2023[20]. - The company reported non-recurring gains of CNY 982,243 thousand in 2024, compared to CNY 937,458 thousand in 2023[25]. - The total assets at the end of 2024 were CNY 112,898,984 thousand, a slight increase of 0.49% from CNY 112,344,177 thousand at the end of 2023[19]. Operational Highlights - The company achieved a cargo throughput of 1.135 billion tons in 2024, a growth of 3.4% year-on-year, and container throughput of 47.642 million TEUs, up 10.4%[30]. - The domestic trade business completed 6.25 million TEUs in 2024, reflecting a 10.4% increase compared to the previous year[31]. - The company completed a 70% equity acquisition of Zhejiang Zhigangtong Technology Co., Ltd. and a 100% acquisition of Zhejiang Yigangtong E-commerce Co., Ltd. in 2023[20]. - The weighted average return on equity for 2024 was 6.42%, an increase of 0.06 percentage points from 6.36% in 2023[20]. - The net cash flow from operating activities decreased by 8.04% to CNY 6,762,913 thousand in 2024 from CNY 7,353,997 thousand in 2023[19]. Risk Management - The company has confirmed that there are no significant risks such as stock delisting or bankruptcy during the reporting period[7]. - The company has outlined potential risks including macroeconomic fluctuations, port market competition, policy changes, and shipping industry volatility[7]. - There are no risks of more than half of the directors being unable to ensure the authenticity and completeness of the annual report[7]. - The company has not identified any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has not violated decision-making procedures for external guarantees[6]. Governance and Compliance - The report includes a standard unqualified audit opinion from Deloitte Huayong Accounting Firm[3]. - The company adheres to legal and regulatory requirements for corporate governance, ensuring compliance and protecting shareholder rights[88]. - The board of directors consists of 18 members, including 11 external directors, ensuring democratic and scientific decision-making[89]. - The supervisory board held 7 meetings during the reporting period, focusing on compliance and protecting shareholder interests[90]. - The company disclosed 4 regular reports and 61 temporary announcements, ensuring timely and accurate information for investors[90]. Environmental Initiatives - The clean energy usage rate at Ningbo Zhoushan Port reached 74%, positioning the company as a leader in environmental initiatives[42]. - The port's green energy initiatives include the completion of six wind turbines generating over 60 million kWh annually, with shore power coverage achieved across all berths except liquid chemical ones[34]. - The company has implemented a digital environmental management system using the Zhejiang Port Office APP to ensure accurate recording and supervision of environmental tasks[160]. - The company has established a comprehensive environmental risk management system, focusing on hazardous waste collection and storage[159]. - The company achieved a comprehensive energy consumption of 2.9 tons of standard coal per ten thousand tons, a year-on-year decrease of 0.3%[159]. Strategic Development - The company is actively expanding its overseas investment footprint in Southeast Asia and the Middle East, enhancing its logistics capabilities[33]. - The company aims to enhance its container business by leveraging its deep-water coastline and route advantages, focusing on increasing utilization rates and expanding its hinterland[79]. - The company is committed to building a smart port by integrating IoT, big data, and cloud computing technologies to optimize operational efficiency and reduce costs[75]. - The company plans to explore potential mergers and acquisitions to enhance its competitive position in the market[100]. - The company is focusing on market expansion strategies to increase its footprint in the industry, leveraging its existing assets[100]. Human Resources and Training - The company has a total of 17,200 employees, with 9,429 in production, 2,033 in technical roles, and 467 in finance[131]. - The company conducted over 500 training sessions in 2024, with more than 40,000 employee participations, focusing on various operational and management skills[134]. - The company aims to balance employee compensation with corporate performance and economic efficiency in its salary management for 2024[133]. - The company has 987 R&D personnel, making up 5.7% of the total workforce, with 96 holding master's degrees[53]. Financial Strategy - The company plans to change part of the raised funds' usage and supplement working capital as part of its financial strategy[96]. - The company is expected to apply for a debt financing limit for 2024, indicating a focus on financial flexibility[96]. - The company plans to submit the 2024 remuneration proposals for directors and senior management to the annual general meeting for approval[114]. - The company will apply for a debt financing limit for the year 2024[118]. - The company plans to adjust the use of raised funds to supplement working capital[125]. Shareholder Relations - The company has not reported any changes in shareholding for its directors and senior management during the reporting period[98]. - The company continues to maintain a competitive position without significant changes in industry competition affecting its operations[95]. - The company held its first extraordinary general meeting on March 25, 2024, to elect members of the sixth board of directors and supervisors[95]. - The company has experienced several resignations among external directors and supervisors due to work-related reasons[116]. - The company will announce any share reduction plans three trading days in advance and disclose any sales exceeding 1% of total shares within two trading days[178].