19 Dec 2017,
  • HSI:
    29,050.41 202.30 (0.70%)
    HSCI:
    11,415.13 49.21 (0.43%)
    HKSPLC25:
    37,844.13 324.97 (0.87%)
    HKSPGEM:
    257.24 -0.66 (-0.26%)
  • HSCEI:
    11,415.13 49.21 (0.43%)
    HSCCI:
    4,239.23 0.25 (0.01%)
    HSFML25:
    10,162.90 49.87 (0.49%)
    H-FIN:
    18,329.42 57.85 (0.32%)
  • Hang Seng Index
  • 29,050.41

  • 202.30 (0.70%)
HSCI 11,415.1 49.2
HKSPLC25 37,844.1 325.0
HKSPGEM 257.2 -0.7
HSCEI 11,415.1 49.2
HSCCI 4,239.2 0.3
HSFML25 10,162.9 49.9
H-FIN 18,329.4 57.9
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Qinhuangdao Port Co., Ltd (03369.HK)

Marine Transport
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Qinhuangdao Port Co., Ltd (“QHD Port” or the “Company”), a subsidiary of Hebei Port Group Co.,Ltd, was founded on 31 March, 2008. QHD Port is the world’s largest independent port operator for major dry bulk cargo. It was listed on the main board of Hong Kong Stock Exchange on 12 December, 2013 and became the first listed port operator with dry bulk cargo as its main business in Hong Kong capital market. Company is mainly engaged in the business of stevedoring, stacking, warehousing, transportation and logistics services, and handles various types of cargoes including coal, metal ores, oil and liquefied chemicals, containers and general cargoes. It also provides value-added services including towing, tallying and coal blending. QHD Port operates Qinhuangdao Port, Caofeidian Port Zone and Huanghua Port, all of which are located in the Bohai Rim.

Qinhuangdao Port was built in 1898. It was the port approved by Guangxu Emperor in Qing dynasty and open to the external world. Over a hundred years of development, Qinhuangdao Port owns crude oil, refined oil and world-class modernized coal terminals as well as well-established bulk cargo and container terminals, becoming an integrated port specializing in energy-related transportation and the largest coal port in the world. In Caofeidian Port Zone,holding company of QHD Port has built the first and second phases of Caofeidian Ore Terminals with an annual designed throughput capacity of 65.5 million tonnes. In addition, QHD Port jointly constructed the first phase and continued phase of Caofeidian Coal Terminal while the holding company constructed the second phase of Caofeidian Coal Terminal. Altogether there are three coal terminals and the annual designed throughput capacity of each of them is 50 million tonnes, which further consolidates the leading advantage of QHD Port among domestic coal trading transportation corporations. In Huanghua Port, holding company of QHD Port built a total of 8 bulk berths and container berths in the first phase of Huanghua Port integrated port construction, with a total annual designed throughput capacity of 18 million tonnes. Meanwhile, holding company of QHD Port constructed two 200,000 tonnes ore berths with total annual designed throughput capacity of 30 million tonnes. In addition, QHD Port accelerates the pace of expansion by actively promoting the cross-regions operation strategy and establishing Bohai Jin-Ji Port Investment and Development Company Limited and Tangshan Port Investment & Development Co., Ltd. These two companies will act as platforms for Company to strategically plan for port projects within the region and facilitate the establishment of the three major ports in Hebei to act as the trading and logistics port hubs, the largest port group in the Bohai Rim and the important port of Eurasian "New Silk Road", which helps the Company to cater the economic globalization at a larger scale, a wider scope and a higher level.

QHD Port will maintain the advantage in coal business, expand the metal ores business and develop a globally leading position in dry bulk business; establish a regional oil distribution centre, achieve rapid growth in container business, implement the cross-harhour development strategy and seize the market opportunities brought by national strategies including the “coordinated development of Beijing, Tianjin and Hebei provinces” and “One Belt and One Road”. Company will continue to optimize resources allocation and extend strategic partners; build intelligent harbors, establish the new operating model of “internet + port services”, extend port services, lead and promote international standards; promote the “integrative development of harbour, industry and city”, accelerate the infrastructure construction, build a green harbor, facilitate the transformation and upgrade of ports and achieve a harmonious and win-win situation between harbour and city.
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Mr. WANG Lubiao - Executive Director, Deputy General Manager and Member of the Party Committee

Mr. Wang graduated from Northwest Institute of Telecommunication Engineering in 1983 with a bachelor of engineering in radio communication and graduated from Yanshan University in 2004 with a master of engineering in control engineering. He has a professional qualification of senior engineer. Mr. Wang started his career in 1983 and joined the Qinhuangdao Port Authority (the predecessor of HPG). He has over 30 years of working experience in port operation. He has served various intermediate and senior management positions for approximately 18 years and has extensive management experience.

Mr. Wang has served various positions in Communications Co. of the Qinhuangdao Port Authority from 1983 to 1995, including technician, management staff, deputy chief and chief of the Operation Section and then chief of the Finance Section. He worked as deputy manager and manager of the Communications Company of the Qinhuangdao Port Authority from 1995 to 2003 and was the manager of the Sixth Port Branch of QPG from 2003 to 2008. He also was the manager of the Sixth Port Branch from 2008 to 2011. He served as deputy general manager and member of the Party Committee of the Company from 2009 to 2012 and has been a Director, deputy general manager and member of the Party Committee of the Company since 2012.

Mr. MA Xiping - Executive Director, Deputy General Manager, Member of the Party Committee and the Secretary to the Board

Mr. Ma has received bachelor of law in major of economic law from Renmin University of China in 1990, obtained a master of administration in science and engineering from Yanshan University in 2003, and has a professional qualification of senior economist. Mr. Ma started his career in 1990 in the Qinhuangdao Port Authority and now has over 20 years of working experience in port industry. Moreover, he has served various intermediate and senior management positions for approximately 15 years and has extensive administrative management experience.

Mr. Ma has served as a cadre in the Enterprise Management Office, deputy chief of the Legal Section, deputy chief of the Enterprise Management Division and deputy chief of the Enterprise Development Division of the Qinhuangdao Port Authority from 1990 to 2002 and has worked as the officer in charge of the Port Management Division and director of Port Management Division of Hebei Port and Shipping Administration Bureau from 2002 to 2004. From 2004 to 2008, he served as deputy director of the General Office and deputy director of the Party Committees Office of QPG. Mr. Ma served as the director of the general office, office of the Party Committee and the board office of the Company from 2008 to 2012 and serves as deputy general manager and member of the Party Committee of the Company since 2012 till now. He has served as an executive Director since 2013 and has concurrently served as secretary to the Board since 2008.

Mr. LI Jianping - Non-Executive Director, Member of the Nomination Committee

Mr. Li is currently the deputy general manager of Qinhuangdao Bowei Construction Investment Group Limited (秦皇島渤威建設投資集團有限公司). Mr. Li graduated from Yanshan University in 1989, majored in Electric Drive and Automation (燕山大學電力拖動及自動化專業). Mr. Li has a master’s degree and is a senior electronics engineer. Since 1989, Mr. Li has worked for Qinhuangdao Acrylic Fibre Plant (秦皇島㹶綸廠) and served as electric workshops assistant and vice officer, deputy head of equipment and power department, deputy chief engineer of electric professionals and officer of engineer room of production department and deputy factory director and factory director. He has been the deputy general manager of Qinhuangdao Bowei Construction Investment Group Limited since March 2014.

Mr. ZHAO Zhen - Independent Non-Executive Director, the Chairman of the Nomination Committee and a Member of the Strategy Committee

Mr. Zhao, Chinese lawyer, is currently the senior partner of Beijing Far East Law Firm (北京市遠東律師事務所) . He also serves as Vice president, chairman of the Legal Working Committee and office-in-charge of Credit Management Commission of China Communication Enterprise Management Association, member of the Legal Expert Advisory Committee under the Ministry of Transport and independent director of Inner Mongolia Linkage Potato Co., Ltd. (內蒙古淩志馬鈴薯科技股份有限公司). Mr. Zhao graduated from the Law School of Renmin University of China (中國人民大學) in 1989 and was awarded master of laws degree from Renmin University of China in 2000. Mr. Zhao served as deputy section chief of Supervision Bureau under the Ministry of Transport and legal assistant of China Lawyer Service Center (中國律師事務中心). He has been a lawyer and senior partner in Beijing Far East Law Firm since 1996. Mr. Zhao has served as an independent director of Huabei Expressway Co., Ltd. (華北高速股份有限公司) (a company listed on the Shenzhen Stock Exchange, stock code: 000916) from 2002 to 2008, and an independent director of Guangxi Wuzhou Communications Co., Ltd. (廣西五洲交通股份有限公司) (a company listed on the Shanghai Stock Exchange, stock code: 600368) from 2009 to 2013. Mr. Zhao has been an internal lawyer of National Small or Medium Enterprises Share Transfer System of Guotai Junan Securities Co., Ltd. (國泰君安證券股份有限公司) since 2007.

Mr. LI Man Choi - Independent Non-Executive Director

Mr. Li obtained his Honours Diploma in Accounting from the Hong Kong Baptist University in 1986, his degree of Master of Business Administration from Brunel University, United Kingdom in 1997 and his Master of Science in the Social Sciences in Accounting and Management Science from the University of Southampton, United Kingdom in 1998. He is a fellow of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. He is also a Hong Kong Certified Public Accountant and a member of the Institute of Chartered Accountants in England and Wales. He has over 25 years of practical experience in accounting and extensive experience in auditing.

Mr. Li started his career in 1986 and worked as an auditor in KPMG Hong Kong until 1988. From 1988 to 1998, he served in Deloitte Touche Tohmatsu, one of the big four international accounting firms, as an accountant, manager and senior manager in audit section. From 1998 to 2000, he served as the financial controller in the Finance & Administration Division of the Urban Renewal Authority (formerly known as Land Development Corporation) of Hong Kong and the general manager of Samsam Productions Limited of Hong Kong, respectively. From 2000 to 2013, he continued his auditing career in Deloitte Touche Tohmatsu and served as an audit director and an audit partner of Deloitte Touche Tohmatsu Certified Public Accountants Ltd. in China from 2003 to 2005 and 2005 to 2012, respectively, and an audit partner of Deloitte Touche Tohmatsu Certified Public Accountants LLP from 2013 to 2013. He served as an audit partner of Deloitte Touche Tohmatsu in Hong Kong from 2005 to 2013. Since 2013, Mr. Li has been a partner of ZHONGLEI (HK) CPA Company Limited and a technical director of Pan-China Certified Public Accountants LLP, Chongqing Branch. Mr. Li has been serving as an independent non-executive Director since 2013.

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Since the establishment of the Company, it has implemented comprehensive internal control system and measures to ensure sound corporate governance in place for the Company, including measures which (1) clarify authorization and power delegation for each layer of management from shareholder’s meetings, board of directors, chairman of the board to the general manager, (2) ensure secured and proper funds usage, (3) adopt stringent risk control for external investments,(4) strengthen project management for engineering projects, (5) optimize procurement and purchase system and plug the loopholes of the procurement process, (6) enhance the control policy in respect of fund raising, and (7) provide guidance for transactions with related parties.

 
Audit Committee

The Group has established its audit committee and adopted an updated written terms of reference in August 2013. The responsibilities of its audit committee are to supervise its internal control, financial information disclosure and financial reporting matters, which include the following: proposing the appointment, re-appointment or removal of external auditors; reviewing and monitoring the external auditors’ independence and objectivity and the effectiveness of the audit process in accordance with applicable standards; reviewing the financial information of the Company; overseeing the financial reporting system and internal control procedures of the Company; and enhancing the communication between internal auditors and external auditors.

The audit committee comprises Ms. Zang Xiu qing, Mr. Mi Xian wei and Mr. Li Man Choi. Ms. Zang Xiu qing and Mr. Li Man Choi are independent non-executive Directors. Ms. Zang Xiu qing is the chairman of the audit committee.

 
Remuneration and Appraisal Committee
The Group has established the remuneration committee and adopted an updated written terms of reference in August 2013. The responsibilities of its remuneration committee include the following: assessing and recommending to the Board on the Company’s remuneration structure and policies for all Directors, Supervisors and senior management; determining, with delegated responsibility from the Board, or recommending to the Board, the remuneration packages of executive Directors, Supervisors and senior management members; recommending to the Board concerning the remuneration of the non-executive Directors; reviewing and approving compensation arrangements relating to dismissal or removal of Directors for misconduct; and monitoring the implementation of remuneration policies of Directors, Supervisors and senior management.
 
The remuneration committee comprises Mr. Hou Shu jun, Mr. Tian Yunshan and Ms. Zhang Xiu qing. Mr. Hou Shu jun and Ms. Zhang Xiu qing are independent non-executive Directors. Mr. Hou Shu jun is the chairman of the remuneration committee.
 
 
Nomination Committee
We have established the nomination committee and adopted and updated written terms of reference in August 2013. The responsibilities of our nomination committee include the following: reviewing the selection standard, selection process, structure, size, composition and diversity of the Board and senior management to complement our Company’s corporate strategy; identifying suitable individuals to become Directors and senior management, selecting or recommending to the Board on the selection of individuals or providing advice to the Board in respect thereof; and making recommendations to the Board on the appointment, re-appointment and the succession planning for Directors and senior management.
 
The nomination committee comprises Mr. Zhao Zhen, Ms. Zang Xiu qing and Mr. Li Jianping. Mr. Zhao Zhen and Ms. Zang Xiu qing are independent non-executive Directors. Mr. Zhao Zhen is the chairman of the nomination committee.
 
 
Strategy Committee
The Group has established the strategy committee, and adopted an updated written terms of reference in August 2013. The responsibilities of our strategy committee include the following: researching and recommending on the major medium to long term strategic and development plans of the Company; researching and recommending on significant capital expenditures, investment and financing projects of the Company; and researching and recommending on significant matters relating to the development of the Company.
 
The strategy committee comprises Mr. Xing Luzhen, Mr. Tian Yun Shan, Mr. Mi Xian Wei, Mr. Zhao Zhen and Mr. Hou Shu Jun. Mr. Zhao Zhen and Mr. Hou Shu Jun are independent non-executive Directors. Mr. Xing Luzhen is the chairman of the strategy committee.
 
 
Articles of Association
 
List of Directors and Their Roles and Functions
 
Procedures for Shareholders to Nominate the Candidates of Directors
 

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WEBSITE

www.portqhd.com

COMPANY INFORMATION

Listed Date 12 Dec 2013

Address 22/F, World-Wide House,
19 Des Voeux Road Central,
Hong Kong

Telephone (86) 335 3099676

Facsimile (86) 335 3093599

Email yuanhang@portqhd.com

No. of Click Rate

115151