Hubei Port Group reveals its “report card” for the first quarter of 2024

　The production and operation have had a wonderful start. In the first quarter, the group’s operating income, total profit, and net profit increased by 193%, 78.9%, and 106.8% respectively year-on-year; it completed port cargo throughput of 56.3642 million tons, container throughput of 1.1008 million TEU, and rail-water intermodal transport. The container volume was 73,300 TEUs, a year-on-year increase of 25.72%, 39%, and 38.91% respectively. Hanya's direct air transport volume reached 11,700 TEUs, a year-on-year increase of 69.98%; the operating income of Huazhong Port Shipping and Logistics Group achieved multiple growth; the bonded park's revenue and profits hit the best in history; the total profits of its eight companies exceeded 10 million yuan .

　Market expansion has achieved remarkable results. The group has developed 6 new channels and launched the "Hundreds of Logistics Butlers Entering Hundreds of Enterprises to Offer Hundreds of Strategies" activity to tap existing stocks, expand incremental volumes, and customize service plans for each enterprise. Wuhan Port Group accelerated the promotion of full transshipment on the upstream "Sichuan-Chongqing-Wuhan" container route, completing 553,200 TEUs, a year-on-year increase of 48%; Yigang Group leveraged the advantages of Zhicheng Port as a transshipment node to expand Haijinjiang petroleum coke transportation and trade business 40,000 tons; Jingang Group's "collection and distribution mutual transformation" business such as "phosphorus-iron convection" increased by 70% year-on-year; Ezhou Company opened a direct river-sea route from Zhoushan Port to Sanjiang Port for the first time, and the "Jiang-Sea Direct No. 16" freighter successfully sailed directly to Sanjiang Port; The newly signed external contract value of the Harbor Construction Group is 1.17 billion yuan; the logistics group has signed 12 new contracts, which is expected to contribute more than 150,000 tons of cargo throughput throughout the year and increase revenue by 155 million yuan; the bonded park's export of complete vehicles in the first quarter exceeded last year's total business volume.

　Investment and construction will continue to increase. The group has completed a total investment of 3.085 billion yuan, a year-on-year increase of 184.44%. Eight continued construction projects, including the Qianjiang Port Zekou Comprehensive Terminal, are advancing ahead of schedule, completing 137.5% of the planned investment. The Yunchi Port Phase II continuation project, Qingfeng Port, Jinshui Phase I Terminal, Yanka (Phase III) multi-purpose terminal project, and the 2,000-ton waterway regulation project from Xinglong to Caidian of the Han River have officially started construction. The first phase project of Sanjiang Port Area Comprehensive Terminal and the first phase project of Zhicheng Port Rail-Water Intermodal Transport Terminal were successfully completed and accepted. The cold chain project, Hongshan bulk cargo terminal, and Baihushan LNG terminal projects are closely planned and followed up. The construction of key projects has been promoted efficiently, and projects such as Xinglong Ship Lock and Tangbai River Port Area have made substantial progress.

　The pace of kinetic energy conversion has accelerated. The group accelerates the cultivation and development of new productive forces and drives high-quality development with emerging industries. From January to March, the Hubei Supply Chain Information Platform collected 378 million pieces of data, 563 new registered companies, platform transaction volume was 2.722 billion yuan, 130 million yuan was invested in supply chain finance, and the Wuhan Yangtze River Midstream Shipping Center route subsidy redemption project was implemented. The pilot application function for subsidy on water-rail combined transport routes has been launched on a trial basis. As of now, the number of companies registered on the platform has exceeded 2,100, the total transaction volume has reached 15 billion yuan, and a total of 170 million yuan has been invested in supply chain finance. Hubei's ship supply chain information service platform is ready to go online, guiding more than 200 companies to enter the chain, and adding 48 green smart ship orders. Substantial progress has been made in the integrated development of the Han River, with various projects advancing steadily. The capital company's factoring and financial leasing business added a total of 470 million yuan, and the "E-Hong Kong Connect" platform completed the first direct bank connection business of 10 million yuan.

　Cost reduction and efficiency increase continued to deepen. The group continues to refine management, increase revenue and reduce expenditure, and takes multiple measures to improve operating results; it comprehensively deploys the collection of accounts receivable, running the enterprise diligently and frugally, and turning around losses, controlling losses, and slimming down, and has recovered a total of 291 million yuan in overdue accounts. , and strived to secure 535 million yuan in subsidy funds; successfully issued 1 billion yuan in perpetual medium-term notes with a coupon rate of 2.97%, setting the lowest interest rate in the history of local state-owned enterprises with the same rating and period in the Hubei regional market. Hanou International further improved its operating conditions by optimizing the return ratio of trains and establishing a bidding mechanism; the capital company completed the centralized procurement of insurance for the group's affiliated enterprises, and the total expenses dropped by 9.86% year-on-year.