[年报]招港B(201872):2021年年度报告（英文版）
原标题:招港B:2021年年度报告（英文版） 说明: 中英文全称logo-左右-蓝金 CHINA MERCHANTS PORT GROUP CO., LTD. ANNUAL REPORT 2021 Date of disclosure: 31 March 2022 Chairman’s Statement Dear shareholders, I hereby present to you the annual report of China Merchants Port Group Co., Ltd. and its subsidiaries (the “Company”) for the year ended 31 December 2021. On behalf of the Board, I would like to express my sincere gratitude to all of you for your long-term support to the Company. The Company is a crucial vehicle for CMG to implement the “Belt and Road” Initiative promoted by China and the strategy of Guangdong-Hong Kong-Macao Greater Bay Area. Serving not only as the core enterprise of China Merchants Group's port sector, the Company is also the capital operation and management platform for the group's global port assets, hence playing a key role in the consolidation and synergistic development of CMG’s port assets. The Company has become a world-leading port investor, developer and operator. Looking ahead, by seizing the important opportunities arising from implementing major national strategies, apply a new vision of development and implement high-quality development requirements, the Company will take actions and strive to become a world-class comprehensive port service provider. While actively innovating the service model with a focus on core port businesses and promoting the construction of “Intelligent Port” ecosystem under the guidance of technology innovation, it will proactively take part in international port investment, development and operation, so as to optimize the port network system on a continuous basis. By offering top-notch service solutions, it will become customers’ first choice of partner for cooperation, creating greater value for the Company, enhancing return for shareholders and contributing to building a more stable, reliable and secure supply chain. Review for the year In 2021, COVID-19 situation around the world was complex and severe. Benefiting from the accelerated vaccination process, loose monetary policy and continued active fiscal policy, the global economy, especially of major economies, was generally showing a recovery trend. However, repeated outbreak of the pandemic and discrepancy in national policy response against the pandemic have caused divergence in the economic recovery of different countries. Under the multiple impacts of inflation, supply chain disruption, complicated geopolitics, and exchange rate fluctuations, along with other uncertainties, the Company's daily operation and management faced certain challenges. Confronted with a grave and complex external environment, the Company adhered to the strategic principle of “leveraging on its long-term strategy, tapping the current edges, driving through technology and embracing changes”. Apart from coping with challenges proactively as the COVID- 19 pandemic spread, it pursued various key construction projects in a steady manner, including the pandemic prevention and control, development of leading ports, innovative development, overseas expansion and comprehensive development, and successfully accomplished its strategic goals and various operational objectives of the year. In terms of port operation, the container port business delivered a container throughput totaled 136.394 million twenty-foot equivalent units (TEUs) in 2021, up 12.0% year-on-year. Looking into the regional performance, container throughput handled by the Company’s ports in Mainland China totaled 95.138 million TEUs, up 10.9% year-on-year. Ports in Hong Kong and Taiwan handled a combined container throughput of 7.684 million TEUs, up 7.4% year-on-year, while overseas port projects handled a total container throughput of 33.572 million TEUs, up 16.3% year-on-year, mainly because the business volume of eight terminals which Terminal Link SAS(TL)newly acquired was included in the statistics in April 2020 and the business growth of Lomé Container Terminal S.A. (LCT) in Togo and TCP Participa..es S.A. (TCP) in Brazil. In terms of bulk cargo volume, the Company’s ports in Mainland China handled a total bulk cargo volume of 607 million tons, up 35.3% year-on-year, mainly due to the merger of Yingkou Port by the shareholding company Dalian Port, the whole changed to Liaoning Port Co., Ltd and the Company will include the business volume of Yingkou Port into the statistics since February 2021; the overseas port handled a total bulk cargo volume of 6.21 million tons, up 6.5% year-on-year, mainly due to the business increase of HIPG in Sri Lanka. Among the major ports, container throughput handled in West Shenzhen Port Zone in China was 12.834 million TEUs, up 8.4% year- on-year; bulk cargo volume handled by it increased by 7.9% year-on-year to 19.504 million tons. SIPG handled a container throughput of 47.032 million TEUs, representing a year-on-year increase of 8.1%; bulk cargo volume handled by it increased by 8.9% year-on-year to 82.388 million tons. For overseas projects, CICT in Sri Lanka delivered a year- on-year growth of 4.4% by handling a container throughput of 3.060 million TEUs; bulk cargo volume handled by HIPG in Sri Lanka increased by 25.6% year-on-year to 1.555 million tons. LCT in Togo handled a container throughput of 1.626 million TEUs, representing a growth of 19.2% year- on-year. Kumport in Turkey handled a container throughput of 1.248 million TEUs, representing an increase of 2.5% year-on-year; bulk cargo volume handled by it increased by 62.1% year-on-year to 0.107 million tons. TCP in Brazil handled a container throughput of 1.101 million TEUs, representing a year-on-year increase of 12.0%. Terminal Link SAS (TL) handled a container throughput of 25.523 million TEUs in the year, up 20.3% year-on-year. In terms of key priorities, firstly, the Company simultaneously focused on the prevention and control of the pandemic as well as the production and operation. The Company adhered to "enhancing the sense of responsibility, guarding the gate for the country, and keeping the first line of defense for foreign input", worked to ensure constant vigilance against the pandemic, made unremitting efforts in prevention and control work and scientifically implemented ongoing targeted control. At the same time, new achievements in production and operation have been achieved, the Company's operating income and recurrent operating profits both set a new record. Secondly, the development of leading ports has been advanced to a new stage. The West Shenzhen homebase port saw a net addition of 35 new routes, the regionally leading ports Zhanjiang Port and Shantou Port have greatly improved their capacity, and the business volumes of two overseas homebase ports in Sri Lanka have both made breakthroughs. TCP in Brazil has entered the Million TEU Terminal Club in Brazil for the first time. Thirdly, new results in innovation and development have been achieved. The Company actively explored model innovation, built an innovation-driven development platform, and cooperated closely with relevant entities to jointly build demonstration ports of international hydrogen energy industry; actively accelerated industrial digitization and established a smart port technology innovation laboratory; continued to promote the construction of Mawan Intelligent Port which passed the completion acceptance and officially put into operation at the end of June 2021; the number of port complex in the Guangdong-Hong Kong-Macao Greater Bay Area continued to increase, greatly improving the comprehensive competitiveness of the West Shenzhen Port Area in the Pearl River Delta region. Fourth, the Company continuously improved the quality of overseas ports and comprehensive development business, strengthened the business coordination of various sites and enhanced the influence of various regions by taking advantage of the global port network layout. At the same time, the PPC comprehensive development model was further promoted, and the number of enterprises entering the park from overseas continued to increase. Fifth, corporate governance and social responsibility performance were recognized. The Company stood out from 440 central enterprises and was selected into the "Central Enterprise ESG Pioneer 50 Index (央企 ESG·先鋒 50 指數 )", ranking ninth on the index list, which fully reflected the SASAC's affirmation of the Company's ESG work; the Company continued to be practical and meticulous in the governance of the board of directors and won the award of "Top 20 Board Governance of Listed Companies in the Greater Bay Area (2021大灣區上市公司董事會治理 TOP20)" and the recognition from the industry. The Company's influence has continued to increase. Outlook Looking forward into 2022, the global economy will gradually return to normal from the impact of the pandemic and fiscal stimulus, and will present the main principle of recovery in general. However, the recurrence of the COVID-19 pandemic has led to uncertainties about the recovery prospects of the global economy. 2022 is the year of deepening China's implementation of the "14th Five-Year Plan". China will adhere to the general guideline of economic work of seeking progress while maintaining stability, continue to implement new development concepts, accelerate the construction of a new development pattern, adhere to innovation-driven development, and promote high-quality development, adhere to the supply-side structural reform as the main line, and focus on stabilizing the macroeconomic market. It is expected that the Chinese economy will resume trend growth in 2022, and the growth rate will be slower than that in 2021, but the economic structure will continue to be optimized. Policies such as supporting technological innovation-driven development, deepening the reform of the logistics supply chain system, and promoting green new infrastructure are expected to be successively introduced and implemented, which will continue to bring new development opportunities for the development of the industry. The Company will firmly grasp the general thrust of "seeking progress while maintaining stability", practice new development concepts, adhere to the two development paths of "endogenous growth + innovation and transformation", take active actions and respond scientifically, focus on key areas, and overcome difficulties. Through reform and innovation, we will continuously improve the quality of customer service, continue to enhance the competitiveness of the global market, and become a world-class leading integrated port service provider with high-quality development, and strive to achieve greater value for the Company and more returns for shareholders. In 2022, the Company will continue to grasp the general thrust of the work of seeking progress while maintaining stability, stand on the new stage of development, implement new development concepts, and build new development pattern. The Company will continue to make breakthroughs in homebase port construction, pandemic prevention and control, technological innovation, market expansion, operation management, capital operation, comprehensive development, etc., and make every effort to promote the Company's overall high-quality development. In terms of homebase port construction, the West Shenzhen homebase port will continue to closely follow the Guangdong-Hong Kong-Macao Greater Bay Area construction strategy, continuously improve customer service levels, and further enhance comprehensive capabilities. Meanwhile, the Company will focus on building its overseas homebase ports in Sri Lanka, CICT and HIPG into an international container hub port and a regional comprehensive port, respectively. The Company continue to promote the construction of the international shipping center in South Asia, and continue to improve the integrated operation and management of the two ports. In terms of pandemic prevention and control, the Company will continue to build a normalized pandemic prevention and control system, continuously improve emergency plans and operational norms, adhere to the “human” and “material” prevention and control, and maintain the defense line to ensure the safety and stability of the pandemic prevention and control situation. In respect of technology innovation, the Company will focus on industrial transformation, upgrade driven by innovation and technology empowerment and realize sustainable and stable growth of the company. The Company will develop the ecosystem for technology and innovation, and generate innovative solutions with technology for ports to build the integrated platform for industry, education and research. With the “CM Chip” platform, the Company will develop three major leading products for the industry, strive to intelligentize the production and operation within the terminals. With the “CM ePort” platform, the Company will innovate the service models by improving the information service system and adopting the “Port + Internet” approach for the port, so as to explore and develop an open platform for intelligent ports. In terms of market expansion, the Company will deepen the concept with the focus on customers, continue to strengthen the cooperation with major shipping companies, build a three dimensional, multi-dimensional and multi-business collaborative alliance chain circle around the coordinated ports model, with the West Shenzhen homebase ports as the core, to enhance the linkage with end customers. At the same time, the Company will construct a collaborative business platform, improve the construction of the market commerce system, and expand the coverage of the logistics supply chain endogenously and externally via shaping the integration, platform and digitalization. In terms of operation management, the Company will accelerate the development of an international operation management and control system, build a management and control model that matches business development, continue to deepen the construction of smart operation management platform system, promote the building of a first class operation and management system highlighting “empowerment, professional and value”, strengthen the benchmarking between overseas companies and world-class enterprises, and shape international competitive advantages on all fronts. In respect of capital operation, the Company constantly promote the optimization of asset structure and reduce investment risks. In line with the strategies of the company and the direction of “asset- heavy to asset-light” and “quantity to quality”, the company will promote the "asset management + capital operation" two-wheel drive and improve capital operation plans, asset allocation and endogenous growth in order to enhance shareholder returns. In respect of comprehensive development, the Company will closely adapt to the changes in the global trade environment, strive to become an important link in the internal and external economic cycle, and a cornerstone for the security and stability of the industrial supply chain. Apart from improving quality of services to existing customers and increasing customer stickiness, the Company will enhance the capacity to nurture and support hinterland industries. Appreciation In 2021, under the external environment of repeated pandemic and various risks, the Company adhered to its strategic directives, took the initiative to embrace changes, and thus recorded positive results for various tasks and its operating performances have been growing significantly year-on-year. All of these could not be accomplished without the dedication from all of our staff and the support from our shareholders, investors, business partners, and those in the society who have taken to heart the Company’s interest. For this, I would like to extend my most sincere appreciation and deepest gratitude. Deng Renjie Chairman Part I Important Notes, Table of Contents and Definitions The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior managers of China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleading statements or material omissions therein. Wang Xiufeng, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer and the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this Report are factual, accurate and complete. All the Company’s directors have attended the Board meeting for the review of this Report and its summary. Any forward-looking statements such as future plans or development strategies mentioned herein shall not be considered as the Company’s promises to investors. And investors are reminded to exercise caution when making investment decisions. Possible risks faced by the Company and countermeasures have been explained in “Part III Management Discussion and Analysis” herein, which investors are kindly reminded to pay attention to. Securities Times, China Securities Journal, 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. Investors are kindly reminded to pay attention to these media. The Board has approved a final dividend plan as follows: based on 1,922,365,124 shares, a cash dividend of RMB4.30 (tax inclusive) per 10 shares is to be distributed to shareholders, with no bonus issue from either profit or capital reserves. This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. Table of Contents Chairman’s Statement ................................ ................................ ................................ ....................... 1 Part I Important Notes, Table of Contents and Definitions ................................ ........................... 6 Part II Corporate Information and Key Financial Information ................................ ................. 11 Part III Management Discussion and Analysis ................................ ................................ ............. 18 Part IV Corporate Governance ................................ ................................ ................................ ...... 55 Part V Environmental and Social Responsibility ................................ ................................ ......... 95 Part VI Significant Events ................................ ................................ ................................ ............. 104 Part VII Share Changes and Shareholder Information ................................ ............................. 143 Part VIII Preference Shares ................................ ................................ ................................ .......... 152 Part IX Bonds ................................ ................................ ................................ ................................ . 153 Part X Financial Statements ................................ ................................ ................................ ......... 166 Documents Available for Reference I. Financial Statements carrying the signatures and stamps of the Company Principal, the Chief Financial Officer and the person in charge of accounting firm; II. The 2021 Auditor's Report stamped by the accounting firm and signed and stamped by registered accountants; and III. Original copies of all documents and the announcements thereof disclosed in the Reporting Period on Securities Times, China Securities Journal, Shanghai Securities News, Ta Kung Pao (HK) and www.cninfo.com.cn. Definitions Term Definition The “Company”, “CMPort” or “we” China Merchants Port Group Co., Ltd., formerly known as “Shenzhen Chiwan Wharf Holdings Limited” CMG China Merchants Group Co., Limited CMPort Holdings China Merchants Port Holdings Company Limited (00144.HK) CMGD China Merchants Gangtong Development (Shenzhen) Co., Ltd., a Broadford Global majority-owned subsidiary in Shenzhen CND Group China Nanshan Development (Group) Inc. Chiwan Wharf Shenzhen Chiwan Wharf Holdings Limited (stock name: Chiwan Wharf/ Chiwan Wharf-B; stock code: 000022/200022) Malai Storage Shenzhen Malai Storage Co., Ltd. CMPID China Merchants Port Investment Development Company Limited The “Assets Purchase via Share Offering” Chiwan Wharf’ s purchase of 1,313,541,560 ordinary CMPort Holdings shares from CMPID via share offering Broadford Global Broadford Global Limited, a wholly-owned subsidiary of CMG Hong Kong CSRC China Securities Regulation Commission CMIT/ CMHIT China Merchants International Technology Co., Ltd., formerly known as China Merchants Holdings (International) Information Technology Co., Ltd. Jifa Logistics Dalian Port Jifa Logistics Co., Ltd. DPCD Dalian Port Container Development Co., Ltd. Yingkou Port Group Yingkou Port Group Co., Ltd. DPN Dalian Port Logistics Network Co., Ltd. YPIT Yingkou Port Information Technology Co., Ltd. Dongguan Machong Dongguan Chiwan Port Service Co., Ltd. Shantou Port Shantou CMPort Group Co., Ltd. Zhanjiang Port Zhanjiang Port (Group) Co., Ltd. Shunde New Port Guangdong Yide Port Limited Zhangzhou Port Zhangzhou China Merchants Port Co., Ltd. CMICT Ningbo Daxie China Merchants International Container Terminal Co., Ltd. CICT Colombo International Container Terminals Ltd. HIPG Hambantota International Port Group LCT Lome Container Terminal Ltd. TCP TCP Participa..es S.A TEU Twenty Foot Equivalent Unit CM ePort The wharf e-commerce platform, i.e. the unified customer service platform Haixing Harbor Shenzhen Haixing Harbor Development Co., Ltd. Yingkou Port Yingkou Port Co., Ltd. Liaoning Port/ Dalian Port Liaoning Port Co., Ltd., formerly known as Dalian Port (PDA) Company Limited SASAC of the State Council State-Owned Assets Supervision and Administration Commission of the State Council SIPG Shanghai International Port (Group) Co., Ltd. Tianjin Port Container Terminal Tianjin Port Container Terminal Co., Ltd. QQCTU Qingdao Qianwan United Container Terminal Co., Ltd. CMCS China Merchants Container Services Limited Modern Terminals Modern Terminals Limited Taiwan Kao Ming Container Kao Ming Container Terminal Corp. TL Terminal Link S.A.S. Kumport Kumport Liman Hizmetleri ve Lojistik Sanayi ve Ticaret Anonim Sirketi PDSA Port de Djibouti S.A. TICT Tin-Can Island Container Terminal Ltd. QQTU Qingdao Qianwan United Terminal Co., Ltd. Qingdao Dongjiakou Qingdao Port Dongjiakou Ore Terminal Co., Ltd. Laizhou Port Yantai Port Group Laizhou Port Co. LTD Xiamen Port Zhangzhou China Merchants Xiamen Port Affairs Co., Ltd. Mawan Ganghang Shenzhen Mawan Ganghang Co., Ltd. CMPS China Merchants Port Service (Shenzhen) Co., Ltd. CMB China Merchants Bank Co., Ltd. Seaport Group Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd. Ningbo Port Ningbo Zhoushan Port Company Limited Ningbo Zhoushan Port Group Ningbo Zhoushan Port Group Co., Ltd. China Merchants Venture China Merchants Venture Capital Management Co., Ltd. China Merchants Venture Fund Shenzhen China Merchants Venture Capital Fund Center (Limited Partnership) Broadford Shenzhen Broadford (Shenzhen) Port Development Co., Ltd. China Merchants Liaoning China Merchants (Liaoning) Port Development Co., Ltd. Liaoning Port Group Liaoning Port Group Co., Ltd. CMA CMA CGM S.A. The cninfo website www.cninfo.com.cn SZSE Shenzhen Stock Exchange The “Articles of Association” The Articles of Association of China Merchants Port Group Co., Ltd. RMB RMB’0,000 RMB’00,000,000 Expressed in the Chinese currency of Renminbi Expressed in tens of thousands of Renminbi Expressed in hundreds of millions of Renminbi (unless otherwise specified) Note: In this Report, certain total numbers may not be exactly equal to the summation of their sub- item numbers as a result of roundoff. Part II Corporate Information and Key Financial Information I Corporate Information Stock name CM Port Group/ CM Port Group B Stock code 001872/201872 Stock exchange for stock listing Shenzhen Stock Exchange Company name in Chinese 招商局港口集团股份有限公司 Abbr. 招商港口 Company name in English China Merchants Port Group Co., Ltd. Abbr. CMPort Legal representative Wang Xiufeng Registered address 23-25/F, China Merchants Port Plaza, 1 Gongye 3rd Road, Zhaoshang Street, Nanshan, Shenzhen, PRC Zip code 518067 Changes of registered address On 14 December 2018, the Company completed the formalities with the competent industrial and commercial administration to change its registered address from “8/F, Chiwan Petroleum Plaza, Zhaoshang Street, Nanshan, Shenzhen, PRC” to “23-25/F, China Merchants Port Plaza, 1 Gongye 3rd Road, Zhaoshang Street, Nanshan, Shenzhen, PRC”. Office address 23-25/F, China Merchants Port Plaza, 1 Gongye 3rd Road, Zhaoshang Street, Nanshan, Shenzhen, PRC Zip code 518067 Company website http://www.cmp1872.com Email address [email protected] II Contact Information Board Secretary Securities Representative Name Li Yubin Hu Jingjing Address 24/F, China Merchants Port Plaza, 1 Gongye 3rd Road, Zhaoshang Street, Nanshan, Shenzhen, PRC 24/F, China Merchants Port Plaza, 1 Gongye 3rd Road, Zhaoshang Street, Nanshan, Shenzhen, PRC Tel. +86 755 26828888 +86 755 26828888 Fax +86 755 26886666 +86 755 26886666 Email address [email protected] [email protected] III Media for Information Disclosure and Place where this Report Is Lodged Stock exchange website where this Report is disclosed http://www.szse.cn Media and website where this Report is disclosed Securities Times, China Securities Journal, Shanghai Securities News, Ta Kung Pao (HK) and www.cninfo.com.cn Place where this Report is lodged Board Office IV Change to Company Registered Information Unified social credit code 91440300618832968J Change to principal activity of the Company since going public (if any) On 14 December 2018, the Company changed its business scope registered with the industrial and commercial administration. The new business scope includes: construction, management and operation of ports and wharves; bonded warehousing of various goods for import and export; development, construction and operation of supporting parks in ports; loading, unloading, transshipment, warehousing and transportation of international and domestic goods and processing of goods; devanning and LCL operations, cleaning, repairing, manufacturing and leasing of containers; international freight forwarding; vehicle and ship leasing; the provision of ship and port services including the provision of fuels, supplies and daily necessities for ships; ship towing (no operation using foreign ships); leasing and repair services of port facilities, equipment and machinery; import and export of various goods and technologies on a self-operation or agency basis, excluding the goods and technologies restricted or forbidden for import and export by the state; port logistics and port information technology consulting services; technical development and services in respect of modern logistics information systems; supply chain management and related services; design of logistics plans; engineering project management; development, research and consulting services in respect of port engineering technologies. (In respect of any operations that require approval according to law, the approval must be obtained before operation). Every change of controlling shareholder since incorporation (if any) 1. On 8 June 2018, as the ownership of 209,687,067 Chiwan Wharf shares formerly held by CND Group and 161,190,933 Chiwan Wharf shares formerly held by Malai Storage was officially transferred to CMGD, CMGD, holding 57.52% of the Company’s outstanding share capital, became the controlling shareholder of the Company. Meanwhile, CMG remains the actual controller of the Company. 2. On 26 December 2018, the Company issued RMB-denominated ordinary shares (A-shares) at RMB21.46/share to CMPID for the acquisition of the 1,313,541,560 CMPort Holdings ordinary shares that it held. Upon the Acquisition, the Company’s total share capital has become 1,793,412,378 shares. Meanwhile, as Broadford Global controls an 87.81% aggregated voting right in the Company (direct interests and interests through CMPID and CMGD), it is the direct controlling shareholder of the Company. Meanwhile, CMG remains the actual controller of the Company. V Other Information The independent audit firm hired by the Company: Name Deloitte Touche Tohmatsu Certified Public Accountants LLP Office address 30/F, 222 Yan An Road East, Huangpu District, Shanghai, P.R.C. Accountants writing signatures Xu Xiangzhao, Pi Dehan The independent sponsor hired by the Company to exercise constant supervision over the Company in the Reporting Period: □ Applicable √ Not applicable The independent financial advisor hired by the Company to exercise constant supervision over the Company in the Reporting Period: □ Applicable √ Not applicable VI Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No Reason: Business combination under common control On 18 December 2020, the Company signed the Equity Subscription and Capital Increase Agreement for CMHIT with the Company's subsidiaries CMPort Holdings and CMHIT, Jifa Logistics, DPCD, and Yingkou Port Group. According to the Equity Subscription and Capital Increase Agreement, Jifa Logistics and DPCD would increase the capital of CMHIT with 29.40% and 49.63% of their respective shares in DPN, and Yingkou Port Group would increase the capital of CMHIT with 100% of its equity in YPIT. Before and after the merger, CMHIT, DPN and YPIT are all subject to the final control of CMG, the actual controller of the Company, and such control is not temporary. The above capital increase was completed on 9 February 2021. Upon completion of the capital increase, CMHIT changed its name to CMIT. The Company, CMPort Holdings, Jifa Logistics, DPCD and Yingkou Port Group hold 13.18%, 43.74%, 13.26%, 22.38% and 7.44% equity in CMIT, respectively. CMIT remains a majority-owned subsidiary of the Company. CMIT holds 79.03% equity in DPN and 100% equity in YPIT respectively, and is able to exercise control over the latter two companies. Therefore, since 9 February 2021, the Company will follow the accounting processing method for enterprise merger under the same control and include DPN and YPIT in the consolidated scope of the Company's consolidated financial statements from the beginning of the comparative financial statement period. 2021 2020 2021- over- 2020 change 2019 Original Restated Restated Original Restated Operating revenue (RMB) 15,283,808,174.60 12,618,529,996.02 12,756,744,317.91 19.81% 12,123,829,423.74 12,262,451,114.91 Net profit attributable to the listed company’s shareholders (RMB) 2,685,829,204.07 2,065,322,969.66 2,073,844,409.04 29.51% 2,898,192,168.84 2,902,555,697.90 Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) 2,355,700,274.23 1,262,830,563.26 1,271,352,002.64 85.29% 1,037,766,875.23 1,042,130,404.29 Net cash generated from/used in operating activities (RMB) 6,510,326,570.48 5,495,800,917.01 5,551,289,013.01 17.28% 5,501,873,415.94 5,507,450,443.65 Basic earnings per share (RMB/share) 1.40 1.07 1.08 29.63% 1.59 1.60 Diluted earnings per share (RMB/share) 1.40 1.07 1.08 29.63% 1.59 1.60 Weighted average return on equity (%) 6.99% 5.66% 5.67% 1.32% 8.71% 8.71% 31 December 2021 31 December 2020 Change of 31 December 2021 over 31 December 2020 (%) 31 December 2019 Original Restated Restated Original Restated Total assets (RMB) 175,984,101,168.66 168,543,611,777.21 168,728,326,345.77 4.30% 156,696,917,845.87 156,849,330,783.53 Equity attributable to the listed company’s shareholders (RMB) 39,801,188,662.13 37,117,806,052.18 37,165,277,744.78 7.09% 35,972,804,419.42 36,011,246,088.71 Indicate by tick mark whether the lower of the net profit attributable to the listed company’s shareholders before and after exceptional gains and losses was negative for the last three accounting years, and the latest independent auditor’s report indicated that there was uncertainty about the Company’s ability to continue as a going concern. □ Yes √ No Indicate by tick mark whether the lower of the net profit attributable to the listed company’s shareholders before and after exceptional gains and losses was negative. □ Yes √ No 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: Fully diluted earnings per share based on the latest total share capital above (RMB/share) 1.3971 VII Accounting Data Differences under China’s Accounting Standards for Business Enterprises (CAS) and International Financial Reporting Standards (IFRS) and Foreign Accounting Standards 1. Net Profit and Equity under CAS and IFRS □ Applicable √ Not applicable No difference for the Reporting Period. 2. Net Profit and Equity under CAS and Foreign Accounting Standards □ Applicable √ Not applicable No difference for the Reporting Period. 3. Reasons for Accounting Data Differences between Domestics and Foreign Accounting Principle □ Applicable √ Not applicable VIII Key Financial Information by Quarter Unit: RMB Q1 Q2 Q3 Q4 Operating revenue 3,574,128,378.48 3,765,814,483.78 4,047,333,525.94 3,896,531,786.40 Net profit attributable to the listed company’s shareholders 532,867,484.84 1,144,167,861.33 756,770,050.94 252,023,806.96 Net profit attributable to the listed company’s shareholders before exceptional gains and losses 524,972,071.00 1,119,723,989.97 588,153,132.19 122,851,081.07 Net cash generated from/used in operating activities 880,940,193.44 2,054,020,214.52 1,824,880,606.88 1,750,485,555.64 Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from what have been disclosed in the Company’s quarterly or semiyearly reports. □ Yes √ No IX Exceptional Gains and Losses Unit: RMB Item 2021 2020 2019 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) 233,551,553.79 1,480,572,929.90 4,794,562,782.79 - Government subsidies charged to current profit or loss (exclusive of government subsidies given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s uniform standards) 314,172,152.25 238,216,977.76 162,587,042.38 - Capital occupation charges on non-financial enterprises that are charged to current profit or loss 232,343,789.35 232,906,880.87 19,571,040.36 - 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 221,242,275.17 -409,658,173.58 66,075,363.30 - 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) Reversed portions of impairment allowances for receivables which are tested individually for impairment 93,196.96 46,709,066.77 - - Custodian fees earned from entrusted operation 1,663,396.22 1,886,792.45 - - Non-operating income and expense other than the above -4,065,501.22 -42,615,710.20 482,165,418.73 - Other gains and losses that meet the definition of exceptional gain/loss - 753,988,749.80 732,644,357.06 - Less: Income tax effects 181,130,994.22 241,651,237.66 1,504,203,995.96 - Non-controlling interests effects (net of tax) 484,485,147.96 1,257,863,869.71 2,892,976,715.05 - Total 330,128,929.84 802,492,406.40 1,860,425,293.61 -- Particulars about other gains and losses that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable No such cases for the Reporting Period. Explanation of why the Company reclassifies recurrent gain/loss as 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 for the Reporting Period. （未完）  |