The company's operating data and performance grew steadily in the first half of the year. The company's 2021H1 revenue increased by 30.65% year-on-year to 7.933 billion yuan, deducting the non-return net profit from 8.36 yuan to 2.09 billion yuan, the cargo throughput of the company and its joint ventures (excluding equity ratio) increased by 9.3% to 287.49 million tons, and container throughput increased by 12.7% year-on-year to 11.66 million TEU. Performance and operating data increased steadily. Mainly due to strong export demand, Dongjiakou Port-Weifang-Luzhong / Lubei oil pipeline branch production capacity and storage tank capacity increased. From the perspective of segment business, the gross profit of liquid bulk cargo handling and supporting services / dry bulk cargo handling such as metal ore, coal and other dry bulk cargo handling and supporting services / logistics and port value-added services is + 39.6%, 55.3%, 2.7% and 11.22%, respectively, and the gross profit composition accounts for 39.9%, 18.3%, 25.8%, respectively. The investment income of 2021H1 is 714 million yuan, and the net profit of Qingdao Shihua and QQCT is + 8.9% compared with the same period last year.

Shandong port integration is expected to ease the pressure of competition and improve profitability. The gross profit margin / net profit rate of 2021H1 is 35.47% / 31.84%, respectively, year on year-2.86/-6.35pct, sales expense rate / management expense rate / R & D cost rate / financial expense rate is 0.35% / 4.8% / 0.77% / 0.15%, respectively, compared with 0.11/1.07/0.96/0.04pct. The decline in gross profit margin is mainly affected by the gross profit margin of the logistics and dry bulk sectors. The social security fee reduction policy during the epidemic period led to the increase of the expense rate in the same period. On the whole, the company's profitability is still better than the average level of the port sector. In addition, Shandong port integration is expected to ease the pressure of competition and improve profitability. Shandong Province has Qingdao Port, Yantai Port, Rizhao Port and other seven ports, and the phenomena of inter-industry competition, repeated construction and hinterland crossing are prominent, so it is difficult to achieve the joint force of misplaced development. Shandong has carried out a series of port restructuring in "three steps". With the deep integration of subsequent ports, Shandong will give full play to the geographical advantages of various ports and realize the healthy development of dislocation, and the slowing down of competition will help to improve the profitability of various ports. Qingdao Port, as the core port of Shandong port, will fully benefit.

Actively develop value-added services such as transit boxes, ore transfer and ore mixing to increase the growth of the port. The total profit of the company's container plate increased by 4.2% to 512 million yuan over the same period last year, mainly due to the addition of 15 new routes and the opening of more than 180 overtime ships; the total profit of the dry bulk plate increased by 45.2% to 363 million yuan, and the trade mine increased by 9% over the same period last year. Iron ore transit increased by 67% compared with the same period last year, and the port joint traders and steel mills realized the opening of the upstream and downstream industrial chains. The total profits of the liquid bulk sector ranged from 33% to 1.171 billion yuan compared with the same period last year, mainly benefiting from the high growth of 52.8% of the ship's oil handling capacity. In addition, the company actively develops the value-added service business, the 2021H1 volume of the transit box business increases by 15% compared with the same period last year, the dry bulk cargo develops the Brazilian Vale SA mine raw mine transfer and the 190000 ton iron ore bonded screening business, landed Rio Tinto PLC Group's first batch of 200000 ton mixed ore business, the active value-added service business expansion makes the port development does not rigidly adhere to the hinterland economic development, further increases the code for the port growth.