Uploaded containers are seen at Qingdao Port in Shandong province on Jan 9, 2023. [Photo/VCG] 

Qingdao Port, a subsidiary of Shandong Port Group, released its 2022 annual report on March 29.

According to the annual report, Qingdao Port handled 627 million metric tons of cargo last year, up 10.3 percent year-on-year. Its container throughput stood at 26.82 million twenty-foot equivalent units (TEUs), up 13.1 percent, while its dry bulk general cargo throughput hit 238 million tons, up 13.3 percent.

In 2022, Qingdao Port achieved a revenue of 19.26 billion yuan ($2.8 billion), a year-on-year growth of 14.71 percent, while its total profit hit 6.56 billion yuan, up 12.34 percent.

Over the past year, Qingdao Port gave full play to the advantages of Shandong's port reform and integrated development, as well as grasped opportunities brought by several opening-up platforms like the China-SCO Local Economic and Trade Cooperation Demonstration Area and the China (Shandong) Pilot Free Trade Zone Qingdao Area.

Efforts have been made to give full play to the resource and location advantages of the port terminals, strengthen strategic cooperation with shipping companies and customers, expand domestic and foreign trade routes, as well as continue to expand inland freight trains.

It has fully and faithfully applied the new development philosophy on all fronts, focused on promoting high-quality development, as well as worked to create a new pattern of development.

It has also been working to improve port services, boost comprehensive competitiveness, as well as strengthened its role as the bridgehead for Shandong's opening-up to the world and the gateway to the Yellow River Basin.