Category of Investor Relations Activities

□ Specific object research □ Analyst meeting

□ Media interview □ Performance briefing

□ Press conference √ Roadshow activity

□ Site visit □ Other

Name of Participating Unit and Name of Personnel

Participate in Jinzhou Port's 2013 Liaoning District

Investors of the city company investors online collective reception day

Time

June 04, 2013

Location

panoramic network

Name of Reception Personnel of Listed Company

Xiao Aidong, Chief Financial Officer, Li Guiping, Representative of Securities Affairs, Zhao Gang, Head of Investment Department

Introduction to the main contents of investor relations activities

1. May I ask how many of the company's fixed assets are based on cost?

The original value of the company's housing assets was 264.036 million yuan, and the net asset value as of the end of March 2013 was 191.7602 million yuan, all calculated at cost.

2. Does the company have any executive shareholding plan in 2013?

have this plan

3. Does the current share price represent the value of the company? What is the future of the company in the next 3 years?

We believe that with the expansion of the company's scale and performance improvement in the future, the company's investment value will be recognized by more and more investors.

4. The return on net assets is so low, what measures does the company have to improve?

On the one hand, we should give full play to our own advantages, strengthen market development, and work around improving efficiency; on the other hand, we should enhance accounting awareness and constantly improve production technology in order to reduce costs. On the one hand, we should tap the potential and increase efficiency, and on the other hand, we should grasp the innovation work, and finally achieve the goal of increasing income and adding value.

5. Have there been any recent changes in asset equity such as asset restructuring and equity transformation?

As of now, there are no changes mentioned above, thank you!

6. Apart from the existing large business, does the company have any plans to enter the upstream and downstream business?

The company will fully revitalize port assets, extend and expand the upstream and downstream logistics chain, improve the company's performance.

7. How many mu of land does the company have at present, is it in the city or in the suburbs?

The company's own land is located in Jinzhou Development Zone.

8. What is the approximate value of the company's own land at the current market price?

The company has not currently valued its own land, thank you!

9. Has the company considered diversifying?

The company will take Hong Kong as the foundation, actively explore new models, expand new businesses, study new profit growth points, fully revitalize port assets, extend and expand upstream and downstream logistics chains, conduct in-depth research on joint venture and cooperation projects, and further enhance the contribution rate of the company's main business.

10. What is the main reason for the sharp decline in the company's 12-year performance?

The coal loading and unloading business was affected by the unfavorable factors of the macroeconomic situation, and the revenue decreased. The increase in coal trading revenue led to an increase in total operating revenue, but the gross profit margin was low, below 3%, and the increase in depreciation expenses and financial expenses after the increase in assets led to a decline in the company's performance.

11. Why is the company's financial expenses growing so fast?

In the past three years, the company has invested a total of 4.6 billion yuan in port construction, and two container berths and three general bulk cargo berths have been completed and put into production one after another, bringing about a rapid increase in the company's financial expenses.

12. May I ask what favorable measures the state has introduced for the marine economy?

As the main component of the country's important transportation infrastructure industry, the port industry plays an important basic role in the development of the national economy. At the same time, the industrial cluster effect brought by the port will effectively promote the development of the local economy and have an important support and driving role for the local economy. The central and local governments attach great importance to the development of the port industry and have issued a series of policies to support the development of the port. Many national development plans have proposed to give priority to the development of infrastructure industries, including the port industry. In addition, many local governments adhere to the strategic concept of "the city is prospered by Hong Kong and Hong Kong is used by the city" to actively promote the development of local economy. Therefore, the support of industrial policy is a favorable factor for the development of the port industry.

13. What adverse and favorable factors will the macro environment bring to the development of the company this year?

The main reason is the large drop in coal, which has hit the company's profit metrics. The favorable factor is that small varieties such as steel and chemical fertilizer have been greatly increased, which plays a vital role in making up for the company's profitability.

14. May I ask which organizations have visited the company this year and what are their main concerns?

So far this year, no institutional investors have come to the company to conduct research.

15. How many institutional investors visited the company in the first half of the year?

A number of institutional investors expressed their intention to conduct on-site research.

16. What is the annual research funding?

The current port industry is a labor-intensive industry and the amount of research costs incurred is small.

17. What are the strategic planning and development steps for the company's brand promotion?

The annual Golden Waterway Food Logistics Conference and Oil Products Conference.

18. What is the relationship between the company and the upstream and downstream channels in the same industry?

Have a dedicated channel relationship of their own. For example, it has close relations with large and medium-sized state-owned enterprises and 5. six or two factories.

19. What is the domestic market share?

The direct hinterland has a 100 per cent share and the indirect hinterland has a 50-90 per cent market share.

20. What is the main revenue area?

The company's main business income mainly comes from the provision of port loading and unloading transportation, storage, logistics agency and other business, port operations mainly for coal, oil products, grain, metal mines, non-metallic mines and so on. Its direct economic hinterland is mainly concentrated in Huludao, Panjin, Fuxin, Chaoyang, Huolinhe, Baiyinhua, Chifeng and other regions in Inner Mongolia. The main customer groups are concentrated in the upstream and downstream enterprises in the hinterland of the port economy, including oil, steel production, grain purchase and sale, logistics enterprises, etc.

21. Which area of business will you consider focusing on in the future?

Integrate transportation, loading and unloading, trade, finance and other businesses to form a logistics platform, for example, the laterite nickel ore pallet business that the shipping company is doing.

22. How many new employees are there in the company every year? How do you think about the quality of human resources?

The company makes staffing plans according to the new projects and the actual needs of the positions each year, and recruits personnel in due course, with no fixed number of people each year. The company attaches great importance to the improvement of the quality of human resources, the newly recruited staff's education, professional level increased year by year. In addition, the company actively conducts employee training every year, from professional skills to port management, and actively encourages employees to continuously improve their overall quality.

23. May I ask Zhao Gang's main growth points in the future? If it is coal, would you like to ask about the progress of the cooperation between China Power Investment Corporation and the company, including the construction progress and total investment of the Jinchi Railway, the construction progress of coal berths in Jinzhou Port, the future scale of coal launching and coal blending?

In the future, the company will continue to expand coal, oil and other energy industries and related logistics chain business, including continuing to strengthen cooperation with China Power Investment Corporation and building coal terminals to meet future energy transportation needs. China Power Investment Jinzhou Port Co., Ltd., a joint venture between the company and China Power Investment, has been established. A specialized coal terminal is under construction. The Jinchi Railway invested and constructed by China Power Investment is expected to be completed by 2014. Three general bulk cargo berths on the east bank of the company's three-port pool have been put into operation, with construction scales of two 50000-ton and one 35000-ton respectively.

24. What is the company's cash flow position?

Please refer to the company's periodic report, thank you!

25. Does the slowdown in China's economic growth have a great impact on the company's performance this year?

In the context of the slowdown in national economic growth, our company will make every effort to overcome various unfavorable factors, actively explore the supply market, optimize the supply structure, strengthen scientific management, minimize operating costs, and strive to complete the annual plan targets.

26. I see that the two fixed targets are newly established investment companies, what is the relationship with the original shareholders of the company?

The two fixed increase objects are not related to the company, the company's major shareholders, directors and supervisors. Thank you!

27. What advantages and disadvantages do location factors bring to the company?

Among the ports around Bohai Bay, Jinzhou Port has a relative geographical advantage. Under the background of the state's support for the northeast revitalization policy, the Liaoning provincial government's "5.1 line" and the overall development of Jinzhou Bay strategy, the transportation of coal from the north to the south, and the entry of Mongolian coal into the sea, Jinzhou Port is facing a rare historical development opportunity. The ports around Bohai Bay are relatively dense, the hinterland is crossed, and the hinterland economy is relatively lagging. At present, most of the other ports except Dalian Port are mainly energy output. In recent years, the scale of each port has expanded rapidly, and in general, the port capacity is rich and there is a supply gap. These factors are likely to lead to disorderly development between the ports of Bohai Bay.

28. What other shares does the company hold?

The company does not currently hold shares of other listed companies.

29. How was the company's business last year? What were the main aspects affected?

The company's business last year was mainly affected by the reduction of coal cargo, resulting in a decline in throughput and profit indicators.

30. As a port company, has the company found that the hoarding of coal and other minerals by customers may lead to business risks?

The company only provides relevant services to customers in coal handling, warehousing, transportation and other logistics links, and the profits and risks incurred by customers in the coal business decision-making process are borne by the customers themselves.

31. Is the company's 12-year sharp decline in performance artificially low in preparation for ensuring the success of the issuance?

The company is responsible to investors and discloses periodic reports in a true, timely, accurate and complete manner. There is no such situation as you mentioned.

32. What is the company's view on the competitive situation of the ports around the Bohai Sea and what are our strengths and weaknesses?

Jinzhou Port is located in the Bohai Bay Economic Circle. There are nearly 60 ports distributed on the coastline of more than 5,000 kilometers around the Bohai Sea. Among them, Jinzhou Port, Huludao Port and Panjin Port have common or similar hinterland. The source of goods is mainly energy types (coal, etc.). Ports in the region have gradually formed similar development goals and similar port functions, and competition among ports is becoming increasingly fierce. The relevant port plans of the Ministry of Communications and the Liaoning Provincial Government, such as the National Coastal Port Layout Plan, the Bohai Bay Area Port Construction Plan, the Northeast Revitalization Plan, the Liaoning Coastal Economic Belt Development Plan and the Dalian Northeast Asia International Shipping Center Development Plan, have given clear functional positioning to the ports around the Bohai Sea and Liaoning Province. Each port will optimize its functional zoning under the principle of government guidance and enterprise autonomy, to achieve dislocation development.

33. What do you think of the future of the shipping industry in the past two years?

The shipping industry is an important part of the modern logistics industry. As a transportation hub and a distribution center for passengers and goods, the port plays a key role in the transportation system. The port industry is the basic industry of the national economy. With the increasing trend of economic globalization and the further expansion of international trade, the port, as an important participant in the international logistics supply chain, plays an increasingly prominent role in the development of the global economy.

34. What is your greatest advantage in peer competition?

(1) Geographical advantages

Jinzhou Port is located in Jinzhou Bay in the northwest of Bohai Sea. It is one of the important distribution centers for domestic and foreign trade materials in western Liaoning and eastern Inner Mongolia. It is an important oil, grain, bulk ore and coal loading and unloading base in Northeast China. Jinzhou Port is free of typhoons all year round, frozen in winter and not sealed, and has the conditions for all-weather operation. Jinzhou Port is short of land transportation mileage from the three major economic zones of Northeast, Inner Mongolia and North China, and has a strong geographical advantage over other major ports around the Bohai Bay.

(2) Relying on the advantages of Liaoning coastal economic belt

In 2003, the CPC Central Committee and the State Council "some opinions on the implementation of the Revitalization Strategy of Northeast China and other old industrial bases" (Zhongfa [2003> No. 11) clearly put forward the economic development strategy of revitalizing Northeast China and other old industrial bases. In 2005, in order to implement the central government's strategic plan for revitalizing the Northeast, the State Council issued the "Implementation Opinions on Promoting the Further Opening of the Northeast Old Industrial Base" (Guo Ban Fa [2005> Document No. 36), the "Northeast Revitalization" policy and The implementation of the "5.1 Line" strategy will surely bring development to the hinterland and surrounding economy of Jinzhou Port, and the development of the hinterland economy will also increase the supply of Jinzhou Port, the year-on-year increase in the issuer's cargo throughput over the years is the best proof.

(3) Oil and coal supply advantages

Western Liaoning is a relatively concentrated area of petrochemical enterprises. "Sanjin" (Jinzhou, Jinxi and Panjin) is the location of the three major petrochemical enterprises in Liaoning Province. Both Jinzhou and Jinxi plants of PetroChina will become 10 million ton refining and chemical plants, which will also make Jinzhou and western Liaoning become important petrochemical production, processing and logistics bases in northern China, At the same time, Jinzhou national petroleum strategic reserve base has also started construction. All these have created a favorable foundation and conditions for building Jinzhou Port into a major oil port in northern China.

In addition, the formation of the north-to-south coal transport channel also provides a stable supply guarantee for Jinzhou Port. Inner Mongolia contains a large number of coal and other mineral resources. The Baiyinhua Coalfield with proven reserves of 14.1 billion has been put into production. Jinzhou Port, with its most economical and convenient special geographical location, has become the most ideal north-south coal transportation outlet. The "Chi-Da-Bai" railway built by China Power Investment Group for the Baiyinhua Coalfield to the sea will help increase the coal throughput of Jinzhou Port. In addition, Jinzhou Port is also the most convenient outlet for Mongolia's resources, and Mongolia's mineral resources may also become an important source of goods for Jinzhou Port.

35. May I ask whether the recent stock price trend is very good, can retail investors still intervene?

Investors are requested to analyze rationally and always pay attention to investment risks. I wish the investment success!

36. Will there be a major breakthrough in the company's share price in the near future?

Stock price movements need to be combined with the market, so investors should be aware of the risks.

37. Do you think there is room for improvement in the current business structure?

The company will continue to improve its business structure, better for the majority of customers to provide efficient and fast service, and constantly improve the company's operating performance, better feedback to the majority of investors.

38. What is your company's position in the industry?

In 2012, the cargo throughput of Jinzhou Port ranked 21st among the coastal ports in China; among the major coastal port enterprises in China, Jinzhou Port ranked 16th.

39. Do you expect net profit to increase or decrease in the first half of the year? How much?

At present, the accounting period in the first half of the year has not yet ended, and the company's net profit cannot be predicted. Investors are requested to pay attention to the interim performance report issued by the company in time. Thank you!

40. What is the total assets of the company?

As of the end of the first quarter of 2013, the company's total assets were 10,282,499,377.48 yuan. Thank you!

41. How many restricted shares do the company still have?

The company has now achieved full circulation of shares. Unlimited shares are not released. Thank you!

42. Give a comment on the trend of the sector?

The company belongs to the transportation auxiliary industry, the overall trend of the sector is stable.

43. How many major shareholders are there now?

At present, the main shareholders of the company are Oriental Group Co., Ltd. (19.73), Dalian Port Group Co., Ltd. (19.44), Jinzhou Port State-owned assets Management Co., Ltd. (11.53) and China National Petroleum Corporation (7.57). Thank you!

44. What is the price next week?

Stock price movements are determined by a number of factors, so investors should be aware of investment risks.

45. What are the company's major investment plans for the year?

No. The country's economic outlook is uncertain, and companies have compressed their annual investments.

46. There are so many undistributed profits in the account, why not distribute them to investors?

The proportion of cash dividends in 2013 reached 30% of the company's annual distributable profits, and the remaining undistributed profits were retained for distribution in the following years. The company is in the construction period, and the capital demand is large. The accumulated profits will be distributed in the following years, which is conducive to the company's long-term development and long-term interests of shareholders.

47. What is the company's explanation for the projects under construction that have significantly exceeded budget?

Projects under construction are carried out in strict accordance with the annual investment plan adopted by the Company's Board of Directors, and there is no significant over-budget.

48. Will Eastern Group give up its controlling position?

At present, the company has no controlling shareholder or actual controller, and Dongfang Group is the largest shareholder of our company, but I do not know whether Dongfang Group has plans to increase or decrease its shares in the company in the future.

49. What is the strength of the company's preferential policies to revitalize the old industrial zone in northeast China?

The relevant policies for revitalizing the old industrial base in Northeast China are mainly aimed at the old industrial enterprises. Our port enterprises should belong to the transportation auxiliary industry and the service industry. Therefore, the company does not enjoy the relevant national preferential policies. However, the revitalization of the old industrial base in Northeast China and the growth of the total economic volume will be conducive to the growth of the company's business.

50. May I ask whether the company's private placement price, the pricing is somewhat low, is there any suspicion of benefit transmission?

In accordance with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange on the company's private placement, the company's private placement price is not less than 90% of the 20 trading days before the benchmark date. The company has determined the price of this issuance in strict accordance with this regulation, and there is no profit transfer behavior. The price is related to the market environment in which the targeted issuance date is located.

51. What is the annual salary of the company's directors and supervisors?

The company's directors and supervisors only receive allowances in the company, and senior managers receive remuneration in the company. The specific standards have been detailed in the annual report of the company. In view of the different standards and more content, please refer to the annual report of the company.

52. Does the company participate in the development of real estate projects?

The real estate business was completely divested in 2013.

53. May I ask why the company has not paid dividends since it has been profitable every year since 2008?

In 2008, the company sent 1.5 shares to the company's shareholders for every 10 shares, and distributed cash of 0.3 yuan (tax included) for every 10 shares; and transferred 0.5 shares for every 10 shares to the company's shareholders with the capital accumulation fund.

In 2010, a cash dividend of 0.5 yuan (including tax) was distributed to all shareholders for every 10 shares.

In 2012, a cash dividend of 0.26 yuan (including tax) was distributed to all shareholders for every 10 shares.

54. What do you think of the long-term downturn in the company's share price?

The stock price is a market judgment of the company's value, and we respect the market's choice. The company will strive to grasp the development trend of the industry, continue to operate steadily, improve the quality of listed companies and repay investors.

55. What is the cause of the company's extremely high debt and what is the current state of the investment project?

After the private placement in 2009, the asset-liability ratio dropped significantly, but after increasing investment in port construction in recent years, the scale of debt has increased rapidly, which is inseparable from the characteristics of the port capital-intensive industry. If the private placement is successful this year and the funds raised are in place, the company's asset-liability ratio will decline accordingly.

56. What is the impact of the current slowdown in domestic economic growth on the company? A port company's profitability should be stable, but why is it changing so much?

The impact of the slowdown of domestic economic growth on the company's performance is undoubtedly negative. The company's throughput and revenue have maintained steady growth in recent years. However, the large scale of delivered assets in recent years has brought about a corresponding increase in depreciation and financial expenses. Affecting the simultaneous growth of profits, this should be the problem of matching the scale of income and the scale of assets. After the new terminal is put into use, the throughput needs a cultivation process, post-natal profits will also grow in tandem.

57. Why does a port company have so many intangible assets?

The Company's book intangible assets are mainly land use rights in the port area, which are mainly storage land and are an important support for the Company's future port business.

58. Does the company have an acquisition plan now?

The company is introducing strategic investors through targeted stock offerings and has no acquisition plans.

59. Does the company have an equity incentive plan in 2013?

The equity incentive plan needs to be approved by the China Securities Regulatory Commission, and the company is in the process of private placement approval. The two financing activities cannot be carried out at the same time, so there is no equity incentive plan at present.

60. How much does the urbanization process affect the company's performance?

The company's source of goods is mainly resource output, and the company will actively play the role of logistics node in the process of urbanization, but the specific way of urbanization process is not clear, and it is difficult for the company to estimate the impact on the company's performance.

61. Do the company's major shareholders have plans to increase their holdings?

The company's unknown major shareholder increase plan, also did not receive a major shareholder increase notice. The company will fulfill its information disclosure obligations in a timely manner in accordance with regulatory requirements.

62. May I ask if the company's private placement in March and April is due to too much financing pressure?

The main purpose is to introduce strategic investors and consider developing new business cooperation with them in the future; at the same time, it will ease the company's financial pressure and improve the company's performance.

63. In addition to the main business, what are the performance of the equity category?

Coal trading, sales of water and electricity, supervision income, rental income, etc.

How many patents has the company obtained?

The company has no patents.

65. Are you confident of achieving this year's performance targets?

We are confident that the company will reduce investment in new projects, control the excessive growth of financial expenses, and ensure the realization of annual performance targets by means of increasing revenue and reducing expenditure, expanding business areas and other means.

66. May I ask if you are confident of maintaining good performance in the first quarter?

Have confidence, thank you for encouraging

67. Is it possible to raise the price of our products?

Whether the company's products are raised in price should take into account the company's position in the logistics chain and competition in the same industry. Some advantageous sources of goods have room for price increases. However, under the background of weak overall domestic economic growth, the company will not consider raising prices for the time being.

68. What kind of financial products does the company buy?

No purchase

69. Is there a fund to research your company?

Yes, Bank of Communications Schroeder Haifutong, etc.

70. What is the level of the company's core business in China?

at medium level

71. Does your company make stock investments? What is the return on investment?

No.

72. Does the company have any financing expansion plans in the near future?

In order to further enhance the company's overall competitive strength in the field of port operation business, the company plans to issue 440,504,130 shares to specific objects in a non-public way, and the funds to be raised shall not exceed 1,466,878,752.90 yuan.

73. What is the dividend situation of the company's shareholders over the years?

In 2008, the company sent 1.5 shares to the company's shareholders for every 10 shares, and distributed cash of 0.3 yuan (tax included) for every 10 shares; and transferred 0.5 shares for every 10 shares to the company's shareholders with the capital accumulation fund.

In 2010, a cash dividend of 0.5 yuan (including tax) was distributed to all shareholders for every 10 shares.

In 2012, a cash dividend of 0.26 yuan (including tax) was distributed to all shareholders for every 10 shares.

74. What do you think of investor relations?

The company has always attached great importance to investor relations management, and has maintained close and effective communication with investors through various channels and forms. The company has established and improved the relevant institutional arrangements for investor management. A series of systems and norms including "Investor Relations Management System", "Investor Research Registration and Filing Process", "Investor Hotline Answering Regulations" have been established. The management of investor relations is in the charge of the Secretary of the Board of Directors, and the secretariat is responsible for specific affairs, so that there are rules to follow and the system is implemented; the company guarantees the smooth flow of external contact channels such as consultation calls, faxes and e-mails in real time to ensure that consultation calls are answered by someone during working hours, and reply and feedback relevant information to investors in an effective form. For the research of securities firms and institutional investors, the company strengthened the implementation of the research filing system and published it in the special area of listed companies on the exchange within 2 days; the board of directors of the company refined the profit distribution policy in the articles of association at the end of August, the relevant systems in the Articles of Association regarding the participation of small and medium shareholders in the company's decision-making and the Investor Relations Management System, Information Disclosure System and Independent Director Work System are sorted out to further clarify the company's business processes.

75. Does the company hold an equity interest in a listed company? If so, what is the cost?

No.

76. How much is the company's current cumulative external guarantee?

At present, the company has only one business with accumulated external guarantee, and the accumulated external guarantee amount does not exceed 0.1 billion yuan.

77. Does the continued decline in international coal prices have any impact on the company's performance?

International coal prices continue to fall, which has a greater negative impact on the company's coal throughput, but the domestic coal overcapacity and insufficient power demand have a greater impact on the company's coal throughput.

78. What is the company's current annual cargo throughput and profit status in this area?

The company's annual throughput has maintained steady growth every year, the company's main source of profit is the port handling business.

79. What opportunities will the Jinzhou Expo bring to the company?

The Expo provides the company with the opportunity to truthfully display the enterprise, so that more people can know and understand Jinzhou and Jinzhou Port.

80. Do the company's executives have any plans to increase their holdings?

There are

81. How was the company's cash flow in the second quarter?

Slightly better than the same period last year.

82. How does your company view talent?

Great attention to talent. Talent is the foundation of the company's future development and technological progress. The company actively from colleges and universities to recruit graduate students to the company, to attract the community to the port of professional insight to build the port. For the company's existing employees to take a variety of measures to retain talents, cultivate talents, carry out a series of activities such as technical competitions every year, actively encourage employees to become talents based on their positions, and introduce corresponding policies to retain talents in terms of salary, benefits, office environment, etc.

83. Do you have any plans to pay dividends in the second half of the year?

There is no semi-annual dividend plan.

84. Has the company's net profit and revenue increased in tandem?

In recent years, the company's asset investment scale is large, the formed assets have been put into operation, it is difficult to achieve the simultaneous growth of revenue and profit in the near future. The company has slowed down its investment this year in an effort to achieve simultaneous revenue and profit growth, or overspeed profit growth, in the future.

85. How is the company doing in the second quarter?

The company's operation was stable in the second quarter, and various indicators of the main business maintained the level of the first quarter. Please pay attention to the company's 2013 semi-annual report for details.

List of attachments (if any)

None

Date

June 04, 2013