Tianjin Port (600717) published its performance for the first half of 2019. The company's operation income in the first half of the year was 5.957 billion yuan, an increase of 0.5% year-on-year. And its net profit was 424 million yuan, decreasing by 5.28% year on year. The earnings per share (EPS) were 0.25 yuan.
Tianjin Port said the main reason for the increase in its operating income was that its loading and unloading revenue of the first half of this year increased compared with that over the same period of last year. The company's total profit in the first half of 2019 was 735 million yuan, a decrease of 157 million yuan, or 17.65%, from the same period of last year, which was mainly due to an increase in the investment income as a result of the sale of shares by subsidiaries in the same period of last year.
In the first half of 2019, Tianjin Port completed a total throughput of 198.04 million tons and a container throughput of 8.315 million TEU.
In addition, Yingkou Port (600317) published its performance for the first half of 2019. The company’s operating revenue was 2.303 billion yuan in the first half of the year, an increase of 1.90% year-on-year. And its net profit was 574 million yuan, an increase of 63.11% year on year. The net profit gained after deducting non-regular gains or losses belonging to the shareholders of listed companies was 568 million yuan, an increase of 61.29% from the same period of last year. And the earnings per share (EPS) were nearly 0.0886 yuan.
Yingkou Port said it was estimated that the growth rate of domestic port business would further slowdown and competition in the regional markets would become more intense. In order to revitalize exports and promote international trade, China has successively introduced policies and measures such as fees reduction and efficiency improvement, anti-monopoly and environmental protection, aiming to bring more profits to the port industry by controlling income and cost.
By June 30, 2019, the total assets of Yingkou Port were 15.782 billion yuan, and the net assets belonging to the shareholders of listed companies were 12.212 billion yuan. With a debt to assets ratio of 19.2%, the company was solvent and paid working capital loan and bond interest on time.
The container throughput of Yingkou Port in the first half of this year was 2.81 million TEU, and the cargo throughput was 124.13 million tons.
In addition, according to the Shipping Network, in the first half of 2019, the total cargo throughput of ports nationwide reached 6.713 billion tons, an increase of 7.3% over the same period of last year, and the cargo throughput of coastal ports reached 4.495 billion tons, an increase of 3.1% year on year. The container throughput of ports nationwide reached 127 million TEU, increasing by 5.1% from the same period of last year, and the container throughput of coastal ports reached 113 million TEU, increasing by 4.4% from the same period of last year. In the first half of this year, the cargo throughput of ports nationwide increased steadily.