Tianjin Port in the first quarter of this year to achieve double growth in revenue and net profit
As of yesterday, has published a quarterly report of some listed port enterprises, many enterprises appear revenue or net profit year-on-year decline, but Tianjin Port is an exception.
The evening of April 24, Tianjin Port Co., Ltd (securities referred to as 'Tianjin Port', 600717.SH) disclosed the first quarterly report of 2024, the company achieved double growth in revenue and net profit.
In the first quarter of 2024, Tianjin Port realized operating income of 2.788 billion yuan, an increase of 4.66% year-on-year; net profit attributable to mother of 306 million yuan, an increase of 9.14% year-on-year; net profit attributable to mother of 305 million yuan after deduction of non-taxation, an increase of 11.29% year-on-year; net cash flow generated from operating activities was 275 million yuan, a year-on-year decrease of 16.69%; during the reporting period, Tianjin Port's basic per share Earnings amounted to RMB0.11 and the weighted average return on net assets was 1.63%.
In the first quarter of 2024, Tianjin Port's gross profit margin was 29.93%, an increase of 0.10 percentage points year-on-year, while net profit margin was 15.94%, an increase of 0.68 percentage points year-on-year.