Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ॢެࢥಥٰ΅Ϟࠢʮ̡

QINHUANGDAO PORT CO., LTD.*

(a joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 3369)

POSITIVE PROFIT ALERT

This announcement is made by Qinhuangdao Port Co., Ltd.*( ॢެࢥಥٰ΅Ϟࠢʮ̡ ) (the "Company") pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the inside information provisions in Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

I.

INFORMATION ON ESTIMATED RESULTS FOR THE PERIOD

  • (1) Period of estimated results

    1 January 2017 to 31 December 2017.

  • (2) Estimated results

    • 1. According to the preliminary assessment made by the finance department of the Company, the net profit attributable to the shareholders of the Company for the year 2017 is expected to increase by 145% to 175% or RMB529 million to RMB639 million

    • as compared to the corresponding period of 2016.

    • 2. The net profit attributable to shareholders of the Company after deducting extraordinary profit or loss is expected to increase by 216% to 257% or RMB569 million to RMB679 million as compared to the corresponding period of 2016.

  • (3) The estimated results of the period have not been audited by certified public accountants.

II.

INFORMATION ON RESULTS FOR THE CORRESPONDING PERIOD OF 2016

  • (1) Net profit attributable to the shareholders of the Company: RMB365 million. Net profit attributable to shareholders of the Company after deducting extraordinary profit or loss: RMB264 million.

  • (2) Earnings per share: RMB0.07.

  • III. MAIN REASONS FOR THE ESTIMATED GROwTH FOR THE PERIOD

    • (1) Growth in the principal operations. In 2017, the Company recorded a substantial increase in cargo throughput of coal and metal ore, which are its main cargoes. Such increase was mainly due to the facts that (1) the coal throughput benefited from the steady growth of the economy of the PRC as a whole, release of advanced production capacity of coal and policies relating to restrictions on the business of coal transfer/ collection by truck and imported coal; and (2) the metal ore throughput benefited from an increase in metal ore demand of steelworks in the economic hinterland of the Company and measures taken by the Company to attract the customers and enhance operating efficiency.

    • (2) A smaller base of comparison as compared to that of 2016. The net profit attributable to the shareholders of the Company and the net profit attributable to shareholders of the Company after deducting extraordinary profit or loss for the year 2016 were lower and created a lower base of comparison. Accordingly, there would be a substantial growth for the year 2017 as compared to the year 2016.

  • IV. OTHER INFORMATION

    The estimated figures above are preliminary estimations only. Specific and accurate financial figures will be disclosed in the audited 2017 annual report to be officially announced by the Company. Investors are advised to pay attention to investment risks.

Shareholders and potential investors of the Company are reminded to exercise caution when dealing in the shares of the Company.

By order of the Board

Qinhuangdao Port Co., Ltd.*

CAO Ziyu Chairman

Qinhuangdao, Hebei Province, the PRC

26 January 2018

As at the date of this announcement, the executive directors of the Company are CAO Ziyu, YANG Wensheng, WANG Lubiao and MA Xiping; the non-executive directors of the Company are LI Jianping and MI Xianwei; and the independent non-executive directors of the Company are LI Man Choi, ZHAO Zhen, ZANG Xiuqing and HOU Shujun.

*

For identification purpose only

Qinhuangdao Port Co. Ltd. published this content on 26 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2018 10:29:08 UTC.

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