The Development Course of Yingkou Port Co., Ltd.

After the company was established, it operated in strict accordance with the requirements of the Company Law and the modern enterprise system, and adopted a series of measures to avoid horizontal competition with major shareholders and reduce related transactions. Under the new management mode, the company has established an efficient and perfect organizational structure, which makes full and reasonable use of technology, information, capital, talents and other resources, realizes the independent operation of the company, has the ability to operate independently for the market, and has achieved good business performance.

at the end of March, 21, the company successfully passed the acceptance of Shenyang Securities Regulatory Office, and at the same time obtained the listing recommendation letter from Liaoning provincial government, which passed the audit of the financial office of the provincial government. On October 19th, 21, the company's application for initial public offering of shares was approved by China Securities Regulatory Commission. On January 16th, 22, the company made an initial public offering of 1 million A shares at a price of 5.9 yuan/share. On January 31, 22, the company's stock was listed on the Shanghai Stock Exchange, with the stock code of 6317.

in March 22, the company completed the acquisition of Yingkou Bayuquan port area Phase II project, 39-meter deepwater shoreline berth and bulk grain transfer facilities in Phase I project, and set up one or two branches. After the acquisition, the company's assets expanded from 386 million at the end of 21 to 1.212 billion at the end of 22, and the number of berths increased from 6 at the time of establishment to 13, further improving the throughput of berths. After transformation, the original berths 27# and 26# are collectively called berth 26#, which can handle 15,-ton mineral powder ships. In 22, the company * * * handled 13 Cape-type ships, which was the first to handle large bulk cargo ships at the Northeast Port.

in order to further expand the port scale and enhance the company's core competitiveness, after comparing various financing methods, the company finally decided to issue convertible bonds for secondary financing

. On March 15th, 24, the company's application for issuing convertible bonds was examined by the issuance and examination committee of China Securities Regulatory Commission. On May 2, 24, the company successfully issued 7 million yuan convertible bonds, and on June 3, the company's convertible bonds were listed and traded on the Shanghai Stock Exchange, with the convertible bond code of 11317. After the issuance of convertible bonds, the company used the raised funds to acquire the multi-purpose berth and the terminal for refined oil and liquid chemicals in the third phase of the project. In order to avoid horizontal competition and further reduce related transactions, from June to July, 24, the company acquired 5% equity of Yingkou COSCO International Container Terminal Co., Ltd. and 99.44% equity of Yingkou Port Industrial Development Co., Ltd., and acquired Yingkou Port Group Automobile Transportation Company as a whole. After the completion of the acquisition, the company began to intervene in the container business with good returns. According to the requirements of the state on the reform of non-tradable shares, the company formulated the draft reform of non-tradable shares in September 25, and began to enter the application procedure. At the end of November, it obtained the approval in principle from the State-owned Assets Supervision and Administration Commission of Liaoning Province and Jilin Province. On December 29th, the share reform plan was passed by the second extraordinary shareholders' meeting and related shareholders' meeting in 25, with the proportion of 98.93%. On January 17th, the company completed the share-trading reform.

With China's entry into WTO and the vigorous promotion of national policies such as revitalizing the old industrial base in Northeast China, Yingkou Port is facing historic development opportunities. The scale of the company will be further expanded and the benefits will be further improved. The company will use its own funds, bank loans and financing capacity from the capital market to continuously transform the throughput capacity of existing production berths. At the same time, according to the company's development direction and operating conditions, the construction of Bayuquan Port Phase IV project, large-scale ore wharf, crude oil wharf and logistics park will be accelerated to further improve the company's throughput. In view of the fierce competition, on the basis of giving full play to the advantages of port location and natural conditions, we will improve the main functions of the port, develop into a professional, large-scale and containerized modern port, and transform the production and operation berths from general berths to professional berths to improve business competitiveness; At the same time, the company will further standardize management, actively explore and innovate, and build a more effective team and excellent corporate culture; Actively carry out various forms of strategic alliance with well-known shipping companies, shippers and multinational group companies at home and abroad, strive to realize diversification of port investment and operation, and improve the comprehensive competitiveness of the company.