Employees embezzled more than 150 million yuan! Just now, this major port in China announced...

Recently, affected by the Spring Festival off-season and the epidemic, the cargo throughput of major domestic ports has been relatively flat! Just when everyone was working hard to eliminate the negative impact, a huge corruption case was exposed at Tianjin Port, making the already limited profit port even worse!

On the evening of February 12, Tianjin Port released a major event report stating that a financial staff member of its wholly-owned subsidiary Tianjin Port Coke Terminal Co., Ltd. was suspected of embezzling 153.9 million yuan of public funds. The financial staff member has been filed with the local supervisory authority for suspected duty crimes and has been detained.

The case is currently under investigation, and the company is fully cooperating with the supervisory authorities in conducting case investigations and recovering funds and property involved in the case.

Tianjin Port is extremely important among Chinese ports. Located at the intersection of Beijing and Tianjin and the Bohai Rim Economic Zone, it is the gateway for northern China to open up to the outside world, the largest comprehensive port in northern China and an important foreign trade port. It is a link connecting Northeast Asia and radiating to Central and West Asia.

According to data, Tianjin Port achieved revenue of 9.424 billion yuan in the first three quarters of 2019, down 0.02% year-on-year; net profit of 674 million yuan, up 4.09% year-on-year. Except for a slight increase of less than 1% year-on-year in 2017, Tianjin Port's revenue has been declining for four consecutive years.

The coke terminal was put into operation in Tianjin Port in December 1999. Its main business scope includes storage, loading and unloading, transportation of bulk cargoes, and leasing of sites, machinery and equipment.

The profitability of the terminal has also been in a declining state in recent years, especially in 2018, when its net profit loss was 84.9927 million yuan. In the first half of 2019, the profitability of the coke terminal was also unsatisfactory, with a net profit of only 1.9228 million yuan.

It is really shocking that a financial staff member of a terminal with a profit of only 1.9228 million yuan in the first half of the year could embezzle 153.9 million yuan! This can't help but raise several doubts among netizens:

In response to the many doubts raised by netizens, the staff of Tianjin Port Company said "The company recently discovered that a financial staff of a subsidiary was suspected of embezzling public funds and immediately reported the case. The duration of the embezzlement and whether other company personnel were involved are still under investigation. After the incident, the company's internal control department sorted out the fund management of the company and its subsidiaries, and strengthened the company's financial risk management to ensure the safety of the company's funds ."

A week before the employee corruption case was exposed, Tianjin Port announced that the vice chairman and vice president had resigned one after another!

Tianjin Port said: The departure of the two senior executives was just a normal personnel change and had nothing to do with anything else!

Previously, Wang Cunjie, former chairman of the Supervisory Board of Tianjin Port, and Guo Xiaowei, former secretary of the board, also applied for resignation in June and September 2019, respectively, and their resignation was also due to "job changes."

Some investors asked whether the huge corruption case and continuous changes in senior management would affect the normal operation of the port?

Tianjin Port is an old port opened to the outside world in 1860. It is also a strategic fulcrum of the 21st century Maritime Silk Road! After several years of development, it now has a port coastline of 32.7 kilometers, a water area of ​​336 square kilometers, and a land area of ​​131 square kilometers.

However, as a port with unique advantages, why has its revenue capacity declined in recent years? This is indeed something that needs to be pondered! I also hope that this corruption incident can serve as a wake-up call for Tianjin Port to strengthen its internal control system and live up to its title as a world-class port!