[三季报]招港B:2021年第三季度报告（英文版）
原标题:招港B:2021年第三季度报告（英文版） Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2021-098 Logo CHINA MERCHANTS PORT GROUP CO., LTD. THE REPORT FOR THE THIRD QUARTER OF 2021 China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) and all the members of the Company’s Board of Directors hereby guarantee that the contents of this Report are factual, accurate and complete and free of any misrepresentations, misleading statements or material omissions. Important Notes: 1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of the Company hereby guarantee the factuality, accuracy and completeness of the contents of this Report, and shall be jointly and severally liable for any misrepresentations, misleading statements or material omissions therein. 2. Wang Xiufeng, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer, and Sun Ligan, the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this Report are factual, accurate and complete. 3. Indicate by tick mark whether the financial statements herein have been audited by an independent auditor. □Yes √ No 4. Securities Times, Shanghai Securities News, Ta Kung Pao (HK) and www.cninfo.com.cn have been designated by the Company for information disclosure. And all information about the Company shall be subject to what’s disclosed on the aforesaid media. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. I Key Financial Information (I) Key Accounting Data and Financial Indicators Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No Reason: Business combination under common control. Q3 2021 Q3 2020 YoY change (%) Q1-Q3 2021 Q1-Q3 2020 YoY change (%) Original Restated Restated Original Restated Restated Operating revenue (RMB) 4,047,333,525.94 3,239,264,119.14 3,284,720,164.24 23.22% 11,387,276,388.20 9,161,761,277.62 9,247,217,881.20 23.14% Net profit attributable to the listed company’s shareholders (RMB) 756,770,050.94 642,339,845.93 647,576,926.18 16.86% 2,433,805,397.11 1,275,138,431.76 1,279,869,012.34 90.16% Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) 588,153,132.19 605,513,230.59 610,750,310.84 -3.70% 2,232,849,193.16 1,150,105,145.13 1,154,835,725.71 93.35% Net cash generated from/used in operating activities (RMB) —— —— —— —— 4,759,841,014.84 3,736,814,020.41 3,745,235,630.79 27.09% Basic earnings per share (RMB/share) 0.394 0.334 0.337 16.91% 1.266 0.663 0.666 90.09% Diluted earnings per share (RMB/share) 0.394 0.334 0.337 16.91% 1.266 0.663 0.666 90.09% Weighted average return on equity (%) 1.96% 1.81% 1.94% 0.02% 6.38% 3.54% 3.52% 2.86% 30 September 2021 31 December 2020 Change (%) Original Restated Restated Total assets (RMB) 170,526,198,246.65 168,543,611,777.21 168,728,326,345.77 1.07% Equity attributable to the listed company’s 39,081,793,750.60 37,117,806,052.18 37,165,277,744.78 5.16% shareholders (RMB) The total share capital at the end of the last trading session before the disclosure of this Report: Total share capital at the end of the last trading session before the disclosure of this Report (share) 1,922,365,124 Fully diluted earnings per share based on the latest total share capital above: Dividend of preference shares paid No preference shares Fully diluted earnings per share based on the latest total share capital above (RMB/share) 1.2660 (II) Exceptional Gains and Losses Unit: RMB Item Q3 2021 Q1-Q3 2021 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) -2,106,370.19 2,624,903.57 - Government subsidies charged to current profit or loss (exclusive of government subsidies continually given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards) 22,622,058.93 314,955,081.46 - Capital occupation charges on non-financial enterprises that are charged to current profit or loss 56,890,943.76 175,712,943.64 - Current profit or loss on subsidiaries obtained in business combinations involving enterprises under common control from the period-beginning to combination dates, net -3,255,790.50 - Gain or loss on fair-value changes in held-for-trading financial assets and liabilities & income from disposal of held-for-trading financial assets and liabilities and available-for-sale financial assets (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business) 710,254,464.12 221,721,597.67 - Reversed portions of impairment allowances for receivables which are tested individually for impairment 1,256,056.54 1,350,155.71 - Custodian fees earned from entrusted operation 471,698.11 - Non-operating income and expense other than the 2,387,311.67 21,394,350.94 - above Less: Income tax effects 255,938,893.38 181,241,337.40 - Non-controlling interests effects (net of tax) 366,748,652.70 352,777,399.25 - Total 168,616,918.75 200,956,203.95 -- Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable No such cases. Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items: □ Applicable √ Not applicable No such cases. The Company had no exceptional gains or losses during Q1-Q3 2021. (III) Changes in Key Financial Statement Line Items and Their Explanation Unit: RMB Balance sheet items 30 September 2021 31 December 2020 (restated) Change (%) Explanation of changes Held-for-trading financial assets 4,014,175,763.34 850,165,448.59 372.16% Increase in the net amount of structured deposits Accounts receivable 2,042,295,859.17 1,393,349,417.02 46.57% Increase in revenue Other current assets 981,302,467.56 434,074,085.16 126.07% Increase in the net amount of structured deposits Construction in progress 3,477,770,660.71 5,381,430,606.18 -35.37% Transfer of the Haixing intelligent harbor project to fixed assets Short-term borrowings 6,265,806,927.57 10,483,775,548.93 -40.23% Repayment of short-term borrowings upon maturity Non-current liabilities due within one year 8,375,417,937.37 3,564,587,701.07 134.96% Increase in corporate bonds due within one year Other current liabilities 3,170,996,675.89 2,383,668,985.94 33.03% New issue of super short-term commercial papers Income statement items Q1-Q3 2021 Q1-Q3 2020 (restated) Change (%) Explanation of changes Other income 328,343,162.91 86,867,728.76 277.98% Receipt of government subsidies for business development Investment income 4,736,067,742.42 2,514,918,383.87 88.32% Increase in the share of profits of associates and joint ventures Gains from changes in fair 221,721,597.68 -488,315,935.84 145.41% Adjustment to the calculation of value concession royalties payable by TCP Participa..es S.A. Gains on disposal of assets 9,352,429.28 693,724,248.54 -98.65% Recognition of income of Shantou Port from disposal of land in the same period of last year, with no comparable income in the current period Income tax expenses 1,213,675,997.89 612,234,821.19 98.24% Increase in operating income Cash flow statement items Q1-Q3 2021 Q1-Q3 2020 (restated) Change (%) Explanation of changes Cash receipts from disposals and recovery of investments 8,880,000,000.00 5,802,647,276.82 53.03% Maturity of structured deposits Cash receipts from investments income 2,694,402,313.30 1,375,104,379.13 95.94% Cash dividends received Other cash payments relating to investing activities 16,434,653.35 3,011,289,010.12 -99.45% Payment of loan to Terminal Link S.A.S. in the same period of last year, with no comparable payment in the current period Cash receipts from borrowings 15,543,148,136.92 23,726,548,723.25 -34.49% Decrease in short-term borrowings Other cash payments relating to financing activities 13,196,969.01 757,948,189.24 -98.26% Payment for the acquisition of a 10% interest in TCP Participa..es S.A. in the same period of last year, with no comparable payment in the current period II Shareholder Information (I) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit: share Number of ordinary shareholders 30,134 (18,815 A-shareholders, 11,319 B-shareholders) Number of preferred shareholders with resumed voting rights (if any) 0 Top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held Restricted shares held Shares in pledge or frozen CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITED Foreign legal person 59.75% 1,148,648,648 1,148,648,648 0 CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD. State-owned legal person 19.29% 370,878,000 0 0 SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP) Funds, wealth management products, etc. 3.37% 64,850,182 0 0 CHINA-AFRICA DEVELOPMENT FUND State-owned legal person 3.33% 64,102,564 0 0 BROADFORD GLOBAL LIMITED State-owned legal person 2.88% 55,314,208 0 0 HONG KONG SECURITIES CLEARING COMPANY LTD. Foreign legal person 0.18% 3,425,583 0 Unknown ZHU HUI Domestic natural person 0.15% 2,958,003 0 Unknown CHINA MERCHANTS SECURITIES (HK) CO., LTD. State-owned legal person 0.13% 2,573,555 0 Unknown ARROWSTREET EMERGING MARKET ALPHA EXTENSION TRUST FUND Foreign legal person 0.12% 2,247,991 0 Unknown JIN XING Domestic natural person 0.11% 2,166,700 0 Unknown Top 10 unrestricted shareholders Name of shareholder Unrestricted ordinary shares held Shares by type Type Shares CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD. 370,878,000 RMB ordinary share 370,878,000 SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP) 64,850,182 RMB ordinary share 64,850,182 CHINA-AFRICA DEVELOPMENT FUND 64,102,564 RMB ordinary share 64,102,564 BROADFORD GLOBAL LIMITED 55,314,208 Domestically listed foreign 55,314,208 share HONG KONG SECURITIES CLEARING COMPANY LTD. 3,425,583 RMB ordinary share 3,425,583 ZHU HUI 2,958,003 RMB ordinary share 2,958,003 CHINA MERCHANTS SECURITIES (HK) CO., LTD. 2,573,555 Domestically listed foreign share 2,573,555 ARROWSTREET EMERGING MARKET ALPHA EXTENSION TRUST FUND 2,247,991 Domestically listed foreign share 2,247,991 JIN XING 2,166,700 Domestically listed foreign share 2,166,700 MAI SHUQING 2,129,247 RMB ordinary share 2,129,247 Related or acting-in-concert parties among the shareholders above China Merchants Gangtong Development (Shenzhen) Co., Ltd. is a controlled subsidiary of Broadford Global Limited, and Broadford Global Limited is the controlling shareholder of China Merchants Port Investment Development Company Limited. The Company does not know whether the other unrestricted shareholders are related parties or not. Top 10 shareholders engaged in securities margin trading (if any) N/A Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the Company conducted any promissory repo during the Reporting Period. □ Yes √ No No such cases in the Reporting Period. (II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable III Other Significant Events (I) Private Placement of A-shares and Subscription of Shares in Ningbo Port On 13 July 2021, the Proposal on the Plan for Private Placement of A-shares, the Proposal on Subscription by the Company as a Strategic Investor of Shares in a Private Placement of Ningbo Zhoushan Port Company Limited & Related-party Transaction, and other relevant proposals were approved unanimously at the 6th Extraordinary Meeting of the Company’s 10th Board of Directors in 2021, and the 3rd Extraordinary Meeting of the Company’s 10th Supervisory Committee in 2021, respectively. As such, the Company was agreed to introduce Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd. (Seaport Group) as a strategic investor by carrying out a private placement of 577,000,000 A-shares (or 30% of the Company’s total share capital before the issue) to Seaport Group to raise RMB10.917 billion. Meanwhile, the Company was agreed to subscribe for in cash, as a strategic investor, 3,646,971,029 A-shares in the 2021 private placement of Ningbo Zhoushan Port Company Limited (Ningbo Port). For further information, see Announcement No. 2021-053 on the Resolutions of the 6th Extraordinary Meeting of the 10th Board of Directors in 2021, Announcement No. 2021-054 on the Resolutions of the 3rd Extraordinary Meeting of the 10th Supervisory Committee in 2021, Announcement No. 2021-057 on Subscription by the Company as a Strategic Investor of Shares in a Private Placement of Ningbo Zhoushan Port Company Limited & Related-party Transaction, and other relevant announcements disclosed by the Company dated 14 July 2021. On 26 August 2021, the Company disclosed that it had received the Reply on the Private Placement of A-shares of China Merchants Port Group Co., Ltd. (Guo Zi Chan Quan [2021] No. 457) issued by the State-owned Assets Supervision and Administration Commission of the State Council, which in principle consented to the plan of the Company for a private placement of no more than 576,709,537 A-shares to Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd. (SS). For further information, see Announcement No. 2021-070 on Approval of Private Placement of A-shares by SASAC of the State Council disclosed by the Company dated 27 August 2021. On 27 September 2021, the proposals in relation to the private placement of A-shares were approved at the 1st Extraordinary General Meeting of the Company in 2021. For further information, see Announcement No. 2021-087 on Announcement on Resolutions of the 1st Extraordinary General Meeting of 2021 disclosed by the Company dated 28 September 2021. (II) Progress, Influence and Solutions in respect of Significant Events 1. Index to Information Disclosure In the Reporting Period, the Company disclosed the following significant events: Announcement No. Date Title 2021-051 1 July 2021 Announcement on the Resolutions of the 5th Extraordinary Meeting of the 10th Board of Directors in 2021 2021-052 1 July 2021 Announcement on 2021 Interest Payment for 2020 Public Offering of Corporate Bonds (Tranche 1) to Qualified Investors 2021-053 14 July 2021 Announcement on the Resolutions of the 6th Extraordinary Meeting of the 10th Board of Directors in 2021 2021-054 14 July 2021 Announcement on the Resolutions of the 3rd Extraordinary Meeting of the 10th Supervisory Committee in 2021 2021-055 14 July 2021 Announcement on Signing Conditionally Effective Share Subscription Agreement with Certain Entities & Related-party Transaction 2021-056 14 July 2021 Announcement on Signing Strategic Cooperation Framework Agreement with Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd. 2021-057 14 July 2021 Announcement on Subscription by the Company as a Strategic Investor of Shares in a Private Placement of Ningbo Zhoushan Port Company Limited & Related-party Transaction 2021-058 14 July 2021 Announcement on No Punishments or Other Regulatory Measures from the Securities Regulator or the Stock Exchange in the Past 5 Years 2021-059 14 July 2021 Reminder on Changes in Shareholders’ Equity in a Private Placement 2021-060 15 July 2021 Announcement on Estimated Increase in 2021 Interim Earnings 2021-061 15 July 2021 Announcement on Voluntary Disclosure of the Business Volume Data of June 2021 2021-062 15 July 2021 Announcement on Payout of 2020 Final Dividends 2021-063 17 July 2021 Reminder on the 4th Issue of SCP in 2021 2021-064 21 July 2021 Announcement on Results of the 4th Issue of SCP in 2021 2021-065 7 August 2021 Announcement on Resignation of Deputy General Manager Mr. Zheng Shaoping 2021-066 14 August 2021 Announcement on Voluntary Disclosure of the Business Volume Data of July 2021 2021-067 14 August 2021 Announcement on Resignation of Chairman of the Supervisory Committee 2021-068 24 August 2021 Announcement on the Resolutions of the 7th Extraordinary Meeting of the 10th Board of Directors in 2021 2021-069 24 August 2021 Announcement on Resignation of Director and Senior Management & Re-election of Director and Appointment of CEO 2021-070 28 August 2021 Announcement on Approval of Private Placement of A-shares by SASAC of the State Council 2021-071 31 August 2021 Announcement on the Resolutions of the 4th Meeting of the 10th Board of Directors 2021-072 31 August 2021 Announcement on the Resolutions of the 4th Meeting of the 10th Supervisory Committee 2021-073 31 August 2021 Interim Report 2021 (Summary) (Chinese Version) Interim Report 2021 (Summary) (English Version) 2021-074 31 August 2021 Special Report of the Deposit and Use of Raised Funds for H1 2021 2021-075 31 August 2021 Announcement on Incorporation of HK Wholly-owned Subsidiary and Adjustment to Ownership Structure of the Subsidiary 2021-076 31 August 2021 Announcement on Adjustments to the Deposit and Loan Limits with China Merchants Bank & Related-party Transaction 2021-077 31 August 2021 Announcement on Release of 2021 Interim Results by Majority-owned Subsidiary 2021-078 31 August 2021 Announcement on Online Investor Meeting on 2021 Interim Results 2021-079 9 September 2021 Announcement on the Resolutions of the 8th Extraordinary Meeting of the 10th Board of Directors in 2021 2021-080 9 September 2021 Announcement on the Resolutions of the 4th Extraordinary Meeting of the 10th Supervisory Committee in 2021 2021-081 9 September 2021 Announcement on Majority-owned Subsidiary Signing Supplementary Agreement to Lease Agreement Regarding Concessions 2021-082 9 September 2021 Notice of the 1st Extraordinary General Meeting of 2021 2021-083 14 September 2021 Announcement on Alteration of Registered Information with Industry and Commerce Administration 关于完成工商变更登记的公告 2021-084 15 September 2021 Announcement on Voluntary Disclosure of the Business Volume Data of August 2021 2021-085 23 September 2021 Announcement on Redemption of the 2nd Issue of SCP in 2021 upon Maturity 2021-086 25 September 2021 Reminder on the 5th Issue of SCP in 2021 2021-087 28 September 2021 Announcement on Resolutions of the 1st Extraordinary General Meeting of 2021 2021-088 28 September 2021 Announcement on the Resolutions of the 9th Extraordinary Meeting of the 10th Board of Directors in 2021 2021-089 29 September 2021 Announcement on Results of the 5th Issue of SCP in 2021 2. Progress of any Share Repurchase □ Applicable √ Not applicable 3. Progress of any Reduction of the Repurchased Shares through Centralized Bidding □ Applicable √ Not applicable (III) Financial Investments 1. Securities Investments Unit: RMB Variety of securities Code of securities Name of securities Initial investment cost Accounting measurement method Beginning carrying value Gain/loss on fair value changes in the Reporting Period Cumulative fair value changes recorded into equity Purchased in the Reporting Period Sold in the Reporting Period Gain/loss in the Reporting Period Ending carrying value Accounting title Funding source Stock 601298 Qingdao Port 331,404,250.30 Fair value method 720,160,000.00 -69,440,000.00 - - - 29,366,400.00 650,720,000.00 Held-for-trading financial assets Self-funded Stock 06198 Qingdao Port 124,405,138.80 Fair value method 166,225,139.77 -24,736,441.54 - - - 10,812,917.01 139,242,228.69 Held-for-trading financial assets Self-funded Stock 600377 Jiangsu Expressway 1,120,000.00 Fair value method 10,786,800.00 - -367,500.00 - - 460,000.00 10,296,800.00 Investment in other equity instruments Self-funded Stock 400032 Petrochemical A1 3,500,000.00 Fair value method 382,200.00 - - - - - 382,200.00 Investment in other Self-funded equity instruments Stock 600179 Antong Holdings 391,956.73 Fair value method 165,448.59 10,311.74 - - - - 175,763.34 Held-for-trading financial assets Self-funded Stock 400009 Guang Jian 1 27,500.00 Fair value method 17,000.00 - - - - - 17,000.00 Investment in other equity instruments Self-funded Total 460,848,845.83 -- 897,736,588.36 -94,166,129.80 -367,500.00 - - 40,639,317.01 800,833,992.03 -- -- 2. Investments in Derivative Financial Instruments □ Applicable √ Not applicable No such cases in the Reporting Period. (IV) Progress of Projects Financed with Raised Funds 1. Funds Raised through Private Placement of Shares Pursuant to the Reply of China Securities Regulatory Commission on the Approval of Shenzhen Chiwan Wharf Holdings Limited Offering Shares to China Merchants Investment Development Company Limited for Asset Acquisition and Raising the Matching Funds (ZJXK [2018] No. 1750) dated 31 October 2018, the Company issued, in a private placement, a total of 128,952,746 shares of RMB-denominated ordinary shares (A-shares) to two entities including China-Africa Development Fund at RMB17.16/share, raising a total of RMB2,212,829,121.36 (with the net amount after deducting issuance costs being RMB2,185,997,340.15). Following the arrival of the aforesaid funds, BDO China Shu Lun Pan Certified Public Accountants LLP issued a Capital Verification Report (XKSBZ [2019] No. ZI10673). As of 30 September 2021, a total of RMB9,126,206,468.29 of raised funds have been used, including: (1) RMB582,722,414.48 as the replacement for the self-financings that had been in advance input into project to be financed by raised funds; (2) RMB986,652,272.60 (after the arrival of the raised funds) for the Haixing Harbor Renovation Project (Phase II), with RMB324,533,139.29 in 2019, RMB424,734,590.46 in 2020, and RMB237,384,542.85 in Q1-Q3 2021; (3) RMB26,831,781.21 as issuance costs; (4) RMB6,630,000,000.00 was used for purchasing structured deposits, including RMB1,200,000,000.00 in 2019, RMB2,650,000,000.00 in 2020, and RMB2,780,000,000.00 in Q1-Q3 2021; and (5) RMB900,000,000.00 was used for purchasing seven-day notice deposits, including RMB900,000,000.00 in Q1-Q3 2021. As of 30 September 2021, the interest income in the account of raised funds minus service charges stood at RMB2,107,035.43 (2019: RMB795,775.14; 2020: RMB1,142,652.22; Q1-Q3 2021: RMB168,608.07). The amount of structured deposits redeemed was RMB6,130,000,000.00 (2019: RMB100,000,000.00; 2020: RMB2,950,000,000.00; Q1-Q3 2021: RMB3,080,000,000.00). The amount of income from structured deposits was RMB36,243,726.02 (2019: RMB302,465.75; 2020: RMB28,538,767.13; Q1-Q3 2021: RMB7,402,493.14). The amount of seven-day notice deposits redeemed was RMB759,000,000.00 (Q1-Q3 2021: RMB759,000,000.00). The amount of income from seven-day notice deposits was RMB3,270,375.00. As of 30 September 2021, the balance in the account of raised funds amounted to RMB658,243,789.52. The use and balance of the raised funds are as follows: Unit: RMB Item Amount Opening balance of raised funds (31 December 2020) 884,786,856.16 Less: raised funds that were directly used for project to be financed by raised funds in Q1-Q3 2021 237,384,542.85 Add: Income from structured deposits in Q1-Q3 2021 7,402,493.14 Income from seven-day notice deposits in Q1-Q3 2021 3,270,375.00 Net interest income from raised funds in Q1-Q3 2021 168,608.07 Closing balance of raised funds (30 September 2021) 658,243,789.52 2. Funds Raised through Corporate Bonds On 7 July 2020, the Company issued RMB 2 billion of corporate bonds at the Shenzhen Stock Exchange, with a coupon rate of 3.36% and a term of three years. The funds raised would be used to acquire 1,606,855,919 ordinary shares in Zhanjiang Port (Group) Co., Ltd. (accounting for 27.3544% of Zhanjiang Port’s total issued shares) from the issuer’s wholly-owned subsidiary Chiwan Wharf Holdings (Hong Kong) Limited. As of 30 September 2021, the handover of the said equity interests has been completed. The first interest payment for the said corporate bonds was completed on 8 July 2021. (V) Communications with the Investment Community such as Researches, Inquiries and Interviews Received during the Reporting Period Date Place Way of communication Type of communication party Communication party Index to basic information of researches 31 August 2021 China Merchants Port Building By phone Institution Changjiang Securities, Essence Securities, Ping An Asset Management, Haitong Securities, Kymco Capital, Minsen Investment, Golden Eagle Fund, Hotland Innovation Asset Management, Greenwoods Asset, Zhaofeng Investment, Congrong Investment, Foresight Investment, Southern Raytai Fund, Taiping Fund Basic business condition, investments and the financial condition of the Company; Materials provided: None; Index: SZSE EasyIR (http://irm.cninfo.com. cn/ircs/index) 1 July 2021 to 30 September 2021 China Merchants Port Building By phone, or written inquiry (the EasyIR platform of SZSE or email) Individual - Times of communications 35 Number of institutions communicated with 14 Number of individuals communicated with 34 Number of other communication parties 0 Tip-offs or leakages of substantial confidential information during the communications No (VI) Progress Made on Internal Control The focuses of risk control for Q3 2021 are as follows: 1. Establishment of internal control system One unit was newly included as one of the ninth batch of units in 2021. As of 30 September 2021, a total of 25 units have been included in the risk control system to evaluate, covering all enterprises controlled by the Company. Based on the personnel changes of the Company and its subsidiaries, the list of members of the leading group and working group for risk management and internal control self-assessment was adjusted. 2. Further Improvement in coverage of internal control evaluation process In 2021, 22 subsidiaries included in the Company’s internal control system to self-evaluate as the first to eighth batch of units have completed the sorting out of all 12 business processes so as to make the internal control evaluation cover the core business of the Company; Ningbo Daxie China Merchants International Container Terminal Co., Ltd., newly added as one of the ninth batch of subordinate units, is sorting out 7 core processes (production management, sales and marketing, outsourcing management, contract management, procurement management, capital management and project management) and preparing the process manual to make the internal control process compliant. 3. Carrying out the establishment and evaluation of internal control system on a regular basis As of 30 September 2021, all units have renewed their internal control self-evaluation working papers in accordance with the annual internal control evaluation plan and changes in business process and carried out the internal control self-evaluation work on a quarterly basis. The internal control working group of the Company has reviewed the internal control working papers submitted by each unit and notified the problems existing in the self-evaluation of each unit. 4. Completing the internal control as planned The Company has prepared the Report of China Merchants Port Group Co., Ltd. on Internal Control System Evaluation of 2020. At the same time, it has cooperated with the external internal control audit project team to complete the internal control audit and obtained the internal control audit report on time. The Company worked out the “Three-year Coverage” work plan for supervising and inspecting internal control systems for all subsidiaries incorporated into the Company’s internal control system and intended to conduct the supervision and inspection of eight units of them in 2021. As of 30 September 2021, the supervision and inspection on the internal control system of six subsidiaries have been completed with the internal control evaluation defect lists. (VII) Deposits in and Loans Provided by a Finance Company The Proposal on Signing Financial Service Agreement with Sinotrans & CSC Finance Co., Ltd. was reviewed and approved on the 2nd Meeting of the 9th Board of Directors held by the Company on 23 August 2017, in which, the Company was agreed to signed the Financial Service Agreement with Sinotrans & CSC Finance Co., Ltd. (renamed China Merchants Group Finance Co., Ltd. from August 2017) with the period of three years. The Proposal on Adjusting Limit of Deposits and Loans and Signing Supplementary Agreement to Financial Service Agreement with China Merchants Group Finance Co., Ltd and the Related-party Transactions was reviewed and approved on the 5th Meeting of the 9th Board of Directors held by the Company on 28 March 2019, in which, the Company was agreed to signed Supplementary Agreement to Financial Service Agreement with China Merchants Group Finance Co., Ltd. The Proposal on Adjusting Limit of Deposits and Loans and Signing Supplementary Agreement II to Financial Service Agreement with China Merchants Group Finance Co., Ltd and the Related-party Transactions was reviewed and approved on the 4th Extraordinary General Meeting of 2019 held by the Company on 11 December 2019, in which, the Company was agreed to signed Supplementary Agreement II to Financial Service Agreement with China Merchants Group Finance Co., Ltd. At the end of the Reporting Period, deposits in and loans provided by China Merchants Group Finance Co., Ltd. were as follows: Unit: RMB’0,000 Item Beginning balance Q1-Q3 Increase Q1-Q3 Decrease Ending balance I. Deposits in China Merchants Group Finance Co., Ltd. 156,892.42 781,893.88 847,974.27 90,812.03 II. Loans provided by China Merchants Group Finance Co., Ltd. 312,156.42 154,411.13 368,916.34 97,651.21 IV Financial Statements (I) Financial Statements 1. Consolidated Balance Sheet Prepared by China Merchants Port Group Co., Ltd. 30 September 2021 Unit: RMB Item 30 September 2021 31 December 2020 (restated) Current assets: Cash and bank balances 9,422,998,745.09 11,918,423,758.71 Settlement reserve Interbank loans granted Held-for-trading financial assets 4,014,175,763.34 850,165,448.59 Derivative financial assets Notes receivable 22,898,302.97 5,391,994.84 Accounts receivable 2,042,295,859.17 1,393,349,417.02 Receivables financing 273,181,118.99 217,449,966.41 Prepayments 100,688,610.61 51,217,870.43 Premiums receivable Reinsurance receivables Receivable reinsurance contract reserve Other receivables 3,621,063,795.90 3,561,292,313.98 Including: Interest receivable Dividend receivable 372,525,685.67 258,137,208.69 Financial assets purchased under resale agreements Inventories 225,395,762.09 214,823,976.30 Contract assets Assets held for sale 337,442,757.28 337,442,757.28 Non-current assets due within one year 47,819,561.11 67,692,473.44 Other current assets 981,302,467.56 434,074,085.16 Total current assets 21,089,262,744.11 19,051,324,062.16 Non-current assets: Loans and advances to customers Investments in debt obligations Investments in other debt obligations Long-term receivables 3,526,219,158.58 3,887,949,993.10 Long-term equity investments 68,054,780,857.48 66,242,411,222.90 Investments in other equity instruments 180,977,057.74 181,467,057.74 Other non-current financial assets 814,384,541.48 910,807,452.56 Investment properties 5,417,725,647.58 5,558,755,275.21 Fixed assets 30,938,571,995.47 29,479,755,159.21 Construction in progress 3,477,770,660.71 5,381,430,606.18 Productive living assets Oil and gas assets Right-of-use assets 8,791,549,452.75 9,087,741,812.94 Intangible assets 18,053,369,986.13 18,772,180,542.10 Development expenditure 88,895,127.03 64,237,735.23 Goodwill 6,587,100,200.23 6,675,939,930.13 Long-term prepaid expenses 891,158,072.07 874,999,735.91 Deferred tax assets 385,940,282.32 420,857,076.76 Other non-current assets 2,228,492,462.97 2,138,468,683.64 Total non-current assets 149,436,935,502.54 （未完）  |