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Public company info - Rizhao Port Jurong Co. Ltd. - H Shares , 06117.HK
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Rizhao Port Jurong Co. Ltd. - H Shares, 06117.HK - Company Profile
Chairman Wang Yufu
Share Issued (share) 820,000,000
Par Currency Renminbi
Par Value 1.0
Industry Marine & Harbour Services
Corporate Profile Business Summary: The group is the largest port for grain and woodchip imports in China. Performance for the year: During the Reporting Period, the Company achieved an operating revenue of RMB542.783 million, increased by RMB10.722 million or 2.0% as compared with the same period of 2018. During the Reporting Period, the Company achieved a gross profit of RMB239.565 million, increased by RMB15.421 million or 6.9% as compared with the same period of 2018. During the Reporting Period, the Company achieved a total profit of RMB188.722 million, decreased by RMB9.887 million or 5 % as compared with the same period of 2018. Business Review In 2019, with the focus on market development, the Company made use of its advantage in the operation of principal cargo types such as grains and woodchips, strived to develop maize business, optimized production process and implemented systematic efficiency improvement projects to enhance the efficiency of loading and unloading vessel cargos and trans-shipment. The Company also provided integrated services to extend the service chain and enhance profitability, and pushed forward the steady growth of the businesses through quality improvement and efficiency enhancement and innovation. During the Reporting Period, the Company achieved 25.78 million tonnes of cargo throughput, representing a decrease of 0.5% as compared with the same period of 2018, which generally remained stable. In 2019, the throughput of soybeans, woodchips, dried tapioca of the Company recorded a decrease due to domestic market fluctuations in grain and oil, pulp and alcohol processing industries and the decrease in import volume of the PRC. According to the statistics from the General Administration of Customs of the PRC, the total import volume of grains in China was 111.44 million tonnes in 2019, representing a year-on-year decrease of 3.6%, of which, the import volume of soybeans was 88.51 million tonnes, representing a year-on-year increase of 0.5%, accounting for 79.4% to the total import volume of grains in the year; and the import volume of dried tapioca was 2.74 million tonnes, representing a year-on-year decrease of 42%. Further, there was also an increase or a decrease in the Company’s cargo throughput of certain grain types during the Reporting Period, which reflects changes in the structure of import sources for grains. Prospects: Due to the COVID-19 epidemic, the economic performance of the PRC may be impacted in the short run. But the Group expect that the epidemic will not affect the trend of economic stability and transformation of the PRC in the long run. In particular, the signing of Sino-U.S. economic and trade agreements phase one is expected to enhance international trade of grains and other cargos and the Group expect that imports of agricultural products will bring opportunities to the business development of the Company.

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