[一季报]招港B(201872):2022年第一季度报告（英文版）
|
时间：2022年04月29日 17:28:37 中财网 |
|
原标题:招港B:2022年第一季度报告（英文版）
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2022-043
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
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, 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. 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
| | Q1 2022 | Q1 2021 | YoY change (%) |
| Operating revenue (RMB) | 4,020,203,113.25 | 3,574,128,378.48 | 12.48% |
| Net profit attributable to the listed
company’s shareholders (RMB) | 859,493,121.60 | 532,867,484.84 | 61.30% |
| Net profit attributable to the listed
company’s shareholders before
exceptional gains and losses (RMB) | 838,801,864.90 | 524,972,071.00 | 59.78% |
| Net cash generated from/used in
operating activities (RMB) | 999,264,265.35 | 880,940,193.44 | 13.43% |
| Basic earnings per share (RMB/share) | 0.45 | 0.28 | 60.71% |
| Diluted earnings per share (RMB/share) | 0.45 | 0.28 | 60.71% |
| Weighted average return on equity (%) | 2.13% | 1.42% | 0.71% |
| | 31 March 2022 | 31 December 2021 | Change (%) |
| Total assets (RMB) | 182,092,449,357.11 | 175,984,101,168.66 | 3.47% |
| Equity attributable to the listed
company’s shareholders (RMB) | 41,086,608,794.81 | 39,801,188,662.13 | 3.23% |
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 (RMB) | No preference shares |
| Interest of perpetual bonds paid (RMB) | No perpetual bonds |
| Fully diluted earnings per share based on the
latest total share capital above (RMB/share) | 0.4471 |
(II) Exceptional Gains and Losses
Unit: RMB
| Item | Q1 2022 | Note |
| Gain or loss on disposal of non-current assets (inclusive of
impairment allowance write-offs) | -959,260.23 | - |
| Tax rebates, reductions or exemptions due to approval beyond
authority or the lack of official approval documents | | - |
| 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) | 36,589,084.26 | - |
| Capital occupation charges on non-financial enterprises that are
charged to current profit or loss | 55,071,144.47 | - |
| Gains due to that the investment costs for the Company to
obtain subsidiaries, associates and joint ventures are lower than
the enjoyable fair value of the identifiable net assets of the
investees when making the investments | | - |
| Gain/Loss on non-monetary asset swap | | - |
| Gain/Loss on entrusting others with investments or asset
management | | - |
| Asset impairment provisions due to acts of God such as natural
disasters | | - |
| Gain/Loss from debt restructuring | | - |
| Expenses on business reorganization, such as expenses on staff
arrangements, integration, etc. | | - |
| Gain/Loss on the part over the fair value due to transactions with
distinctly unfair prices | | - |
| Current profit or loss on subsidiaries obtained in business
combinations involving enterprises under common control from
the period-beginning to combination dates, net | | - |
| Gain/Loss incurred from contingency unrelated to the
Company’s normal operating businesses. | | - |
| 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) | -28,601,507.19 | - |
| Reversed portions of impairment allowances for receivables
which are tested individually for impairment | | - |
| Gain/loss on entrustment loans | | - |
| Gain/loss on change in fair value of investment property of
which the subsequent measurement is carried out adopting fair
value method | | - |
| Effect on current profit or loss when a one-off adjustment is
made to current profit or loss according to requirements of
taxation, accounting and other relevant laws and regulations | | - |
| Custodian fees earned from entrusted operation | | - |
| Non-operating income and expense other than the above | 2,039,713.13 | - |
| Other gains and losses that meet definition of exceptional gains
and losses | | - |
| Less: Income tax effects | 9,044,805.13 | - |
| Non-controlling interests effects (net of tax) | 34,403,112.61 | - |
| Total | 20,691,256.70 | -- |
Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable
No such cases.
| Explanation of why the Com
Announcement No. 1 on
Public—Exceptional Gain/Lo
□ Applicable √ Not applicable
No such cases.
(III) Changes in Key Fin | any reclassifies as
Information Dis
s Items:
ncial Stateme | recurrent an exce
closure for Co
t Line Items an | tional gai
panies O
d Their | /loss item listed in the Explanat
ffering Their Securities to t
xplanation
Unit: RMB |
| Balance sheet items | 31 March 2022 | 31 December 2021 | Change (%) | Explanation of changes |
| Accounts receivable | 1,833,329,170.36 | 1,320,577,577.81 | 38.83% | Increase in revenue |
| Other current liabilities | 5,146,776,107.61 | 2,158,497,775.85 | 138.44% | New short-term financing |
| Income statement items | Q1 2022 | Q1 2021 | Change (%) | Explanation of changes |
| Investment income | 1,700,408,075.14 | 1,041,036,342.43 | 63.34% | Increased amount of the share of
profits of associates and joint ventures |
| Gains from changes in fair value | -28,601,507.19 | -168,400,154.98 | 83.02% | The measurement method adopted for
concession royalties liabilities of TCP
Participa??es S.A. was changed to the
amortized cost method. |
| Cash flow statement items | Q1 2022 | Q1 2021 | Change (%) | Explanation of changes |
| Cash receipts from disposals and
recovery of investments | 16,908,644,162.50 | 1,730,000,000.00 | 877.38% | Maturity of structured deposits |
| Cash receipts from investments
income | 90,541,536.09 | 1,083,443,879.50 | -91.64% | Decreased dividends from associates
and joint ventures |
| Cash payments to acquire
investments | 16,688,874,317.28 | 977,561,289.86 | 1607.19% | Purchase of structured deposits |
| Cash receipts from borrowings | 9,466,988,902.00 | 4,513,459,100.62 | 109.75% | Increase in short-term borrowings |
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 | 32,309
(20,796 A-shareholders, 11,513
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 | Private shares
held | Shares in
pledge,
marked 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 | 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 |
| ZHU HUI | Domestic natural
person | 0.15% | 2,958,003 | 0 | Unknown |
| CHINA MERCHANTS
SECURITIES (HK) CO., LTD. | State-owned legal
person | 0.13% | 2,585,555 | 0 | Unknown |
| ARROWSTREET EMERGING
MARKET ALPHA EXTENSION
TRUST FUND | Foreign legal
person | 0.11% | 2,192,691 | 0 | Unknown |
| MAI SHUQING | Domestic natural
person | 0.11% | 2,129,247 | 0 | Unknown |
| HONG KONG SECURITIES
CLEARING COMPANY LTD. | Foreign legal
person | 0.11% | 2,070,402 | 0 | Unknown |
| Top 10 public shareholders | | | | | |
| Name of shareholder | Public 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 | 64,850,182 | RMB ordinary | 64,850,182 | | |
| INVESTMENT FUND-SHENZHEN
INFRASTRUCTURE
INVESTMENT FUND
PARTNERSHIP (LIMITED
PARTNERSHIP) | | share | |
| CHINA-AFRICA DEVELOPMENT
FUND | 64,102,564 | RMB ordinary
share | 64,102,564 |
| BROADFORD GLOBAL LIMITED | 55,314,208 | Domestically
listed foreign
share | 55,314,208 |
| ZHU HUI | 2,958,003 | RMB ordinary
share | 2,958,003 |
| CHINA MERCHANTS
SECURITIES (HK) CO., LTD. | 2,585,555 | Domestically
listed foreign
share | 2,585,555 |
| ARROWSTREET EMERGING
MARKET ALPHA EXTENSION
TRUST FUND | 2,192,691 | Domestically
listed foreign
share | 2,192,691 |
| MAI SHUQING | 2,129,247 | RMB ordinary
share | 2,129,247 |
| HONG KONG SECURITIES
CLEARING COMPANY LTD. | 2,070,402 | RMB ordinary
share | 2,070,402 |
| SHEN HUAILING | 1,721,049 | Domestically
listed foreign
share | 1,721,049 |
| 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 | | |
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
| III Other Significa
(I) Details of the St
st
The 1 Extraordinary
Supervisory Committe
on Adjusting the Exer
Adjusting the Numbers
(Phase I) of the Comp
Schedule of the Stock
Company, and the Pro
Company. Independen
Company verified the
Company on Cninfo (
On 14 February 2022,
Clearing Corporation
please refer to the An
Incentive Plan (Phase
(www.cninfo.com.cn).
(II) Progress, Influ
1. Index to Inform
In the Reporting Perio | t Events
ock Option Ince
th
eeting of the 10
in 2022 of the Co
ise Prices of the St
of Qualified Award
any, the Proposal
ptions (the First B
osal on Canceling
directors gave ind
roposals and gave
ww.cninfo.com.cn)
upon the review and
imited, the Compan
ouncement on Co
I) of the Company
nce and Solutio
tion Disclosure
, the Company discl | tive Plan of the Company during the Reporting Period:
st th
Board of Directors in 2022 and 1 Extraordinary Meeting of the 10
pany, held on 28 January 2022, reviewed and approved the Proposal
ck Option Incentive Plan (Phase I) of the Company, the Proposal on
es and Stock Options to Be Granted of the Stock Option Incentive Plan
n the Failure to Meet the Exercise Conditions for the First Exercise
tch to be Granted) of the Stock Option Incentive Plan (Phase I) of the
ome Stock Options in the Stock Option Incentive Plan (Phase I) of the
pendent opinions of agreement. The Supervisory Committee of the
pinions. For details, see the relevant announcements disclosed by the
(Announcement No. 2022-007, 2022-008, 2022-009, and 2022-010).
confirmation of Shenzhen Branch of China Securities Depository and
y completed the cancellation of above stock options. For more details,
pleting the Cancellation of Some Stock Options in the Stock Option
(Announcement No. 2022-011) disclosed by the Company on Cninfo
s in respect of Significant Events
sed the following significant events: |
| Announcement No. | Date | Title |
| 2022-001 | 8 January 2022 | Announcement on the Exit of Investment Fund |
| 2022-002 | 15 January 2022 | Announcement on Voluntary Information Disclosure of Business
Volume Data of December 2021 |
| 2022-003 | 15 January 2022 | Reminder of the Issuance of 2022 Phase I Super-short-term
Financing Bonds |
| 2022-004 | 20 January 2022 | Announcement on Issue Results of 2022 Phase I Super-short-term
Financing Bonds |
| 2022-005 | 29 January 2022 | st th
Announcement on Resolutions of the 1 Special Meeting of the 10
Board of Directors in 2022 |
| 2022-006 | 29 January 2022 | st th
Announcement on Resolutions of the 1 Special Meeting of the 10
Supervisory Committee in 2022 |
| 2022-007 | 29 January 2022 | Announcement on Adjusting the Exercise Prices of the Stock Option
Incentive Plan (Phase I) of the Company |
| 2022-008 | 29 January 2022 | Announcement on Adjusting the Numbers of Qualified Awardees
and Stock Options to Be Granted of the Stock Option Incentive Plan
(Phase I) of the Company |
| 2022-009 | 29 January 2022 | Announcement on the Failure to Meet the Exercise Conditions for
the First Exercise Schedule of the Stock Options (the First Batch to
be Granted) of the Stock Option Incentive Plan (Phase I) of the
Company |
| 2022-010 | 29 January 2022 | Announcement on Canceling Some Stock Options in the Stock
Option Incentive Plan (Phase I) of the Company |
| 2022-011 | 15 February 2022 | Announcement on Completing the Cancellation of Some Stock
Options in the Stock Option Incentive Plan (Phase I) of the
Company |
| 2022-012 | 15 February 2022 | Announcement on Voluntary Information Disclosure of Business
Volume Data of January 2022 |
| 2022-013 | 1 March 2022 | nd th
Announcement on Resolutions of the 2 Special Meeting of the 10
Board of Directors in 2022 |
| 2022-014 | 1 March 2022 | nd th
Announcement on Resolutions of the 2 Special Meeting of the 10
Supervisory Committee in 2022 |
| 2022-015 | 1 March 2022 | Announcement on Resignation of Director and Supervisor and
By-election of Director and Supervisor |
| 2022-016 | 2 March 2022 | Reminder of the Issuance of 2022 Phase II Super-short-term
Financing Bonds |
| 2022-017 | 5 March 2022 | Announcement on Issue Results of 2022 Phase II Super-short-term
Financing Bonds |
| 2022-018 | 15 March 2022 | Announcement on the Due Payment of 2021 Phase VII Super &
Short-term Commercial Paper |
| 2022-019 | 15 March 2022 | Announcement on Voluntary Information Disclosure of Business
Volume Data of February 2022 |
| 2022-020 | 19 March 2022 | Announcement on Progress of Incorporation of HK Wholly-owned
Subsidiary and Adjustment to Ownership Structure of the Subsidiary |
| 2022-021 | 26 March 2022 | Announcement on Online Investor Meeting on 2021 Annual Results |
| 2022-022 | 26 March 2022 | Reminder of the Issuance of 2022 Phase III Super-short-term
Financing Bonds |
| 2022-023 | 31 March 2022 | th th
Announcement on Resolutions of the 5 Meeting of the 10 Board
of Directors |
| 2022-024 | 31 March 2022 | th th
Announcement on Resolutions of the 5 Meeting of the 10
Supervisory Committee |
| 2022-025 | 31 March 2022 | Announcement on 2021 Profit Distribution Plan |
| 2022-026 | 31 March 2022 | Abstract of 2021 Annual Report (Chinese and English Versions) |
| 2022-027 | 31 March 2022 | Announcement on the Confirmation of the Continuing Related-Party |
| | | Transactions in 2021 and the Estimation of Such Transactions in
2022 |
| 2022-028 | 31 March 2022 | Announcement on the Related-Party Transaction Regarding Making
Deposits in and Obtaining Loans from China Merchants Bank in
2022 |
| 2022-029 | 31 March 2022 | Announcement on the External Guarantee Progress of a
Majority-Owned Subsidiary of the Company in 2021 and the
Expected New External Guarantee Line in the Next 12 Months |
| 2022-030 | 31 March 2022 | Announcement on Renewing the Financial Service Agreement and
Related Party Transactions with China Merchants Group Finance
Co., Ltd. |
| 2022-031 | 31 March 2022 | Special Report on Deposit and Usage of Raised Fund in 2021 |
| 2022-032 | 31 March 2022 | Announcement on Reappointment of Accounting Firm in 2022 |
| 2022-033 | 31 March 2022 | Notice on Convening the 2021 Annual General Meeting |
| 2022-034 | 31 March 2022 | Announcement on Provision for Asset Impairment for 2021 |
| 2022-035 | 31 March 2022 | Announcement on the Voluntary Information Disclosure of the 2021
Annual Results by the Majority-Owned Subsidiary |
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
| Va
rie
ty
of
se
cu
riti
es | Code of
securitie
s | N
a
m
e
of
se
cu
rit | Initial
investment cost | Acco
untin
g
meas
urem
ent
meth
od | 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 | G
ai
n/
lo
ss
in
th
e | Ending carrying
value | Acco
untin
g title | Fu
nd
in
g
so
urc
e |
| | | ies | | | | | | | | R
ep
or
ti
ng
Pe
ri
od | | | |
| Sto
ck | 06198 | Qi
ng
da
o
Po
rt | 124,405,138.80 | Fair
value
meth
od | 145,443,863.52 | -8,051,515.78 | - | - | - | - | 136,959,885.55 | Other
non-c
urren
t
finan
cial
assets | Se
lf-f
un
de
d |
| Sto
ck | 601298 | Qi
ng
da
o
Po
rt | 331,404,250.30 | Fair
value
meth
od | 637,280,000.00 | -14,560,000.00 | - | - | - | - | 622,720,000.00 | Other
non-c
urren
t
finan
cial
assets | Se
lf-f
un
de
d |
| Sto
ck | 600377 | Jia
ng
su
Ex
pre
ss
wa
y | 1,120,000.00 | Fair
value
meth
od | 8,620,000.00 | - | -7,500,000.00 | - | 1,120,000.00 | - | - | Inves
tment
in
other
e q u it
y
instru
ment
s | Se
lf-f
un
de
d |
| Sto
ck | 400032 | Pet
roc
he
mi
cal
A1 | 3,500,000.00 | Fair
value
meth
od | 382,200.00 | - | - | - | - | - | 382,200.00 | Inves
tment
in
other
e quit
y
instru
ment
s | Se
lf-f
un
de
d |
| Sto
ck | 400009 | G
ua
ng | 27,500.00 | Fair
value
meth | 17,000.00 | - | - | - | - | - | 17,000.00 | Inves
tment
in | Se
lf-f
un |
| | | Jia
n
1 | | od | | | | | | | | other
equit
y
instru
ment
s | de
d |
| Sto
ck | 600179 | A
nt
on
g
H
ol
di
ng
s | 391,956.73 | Fair
value
meth
od | 157,196.79 | -11,965.11 | - | 50,200,000.00 | - | - | 50,345,231.68 | Held-
for-tr
ading
finan
cial
assets | Se
lf-f
un
de
d |
| Total | 460,848,845.83 | -- | 791,900,260.31 | -22,623,480.89 | -7,500,000.00 | 50,200,000.00 | 1 ,120,000.00 | - | 8 1 0,424,317.23 | -- | -- | | |
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 31 March 2022, a total of RMB9,976,754,817.17 of raised funds had 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) RMB1,167,200,621.48 used after the arrival of the raised funds, including an
investment of RMB1,167,200,621.48 in the Haixing Harbor Renovation Project (Phase II) (2019: RMB324,533,139.29; 2020: RMB424,734,590.46; 2021: RMB262,949,228.42; Q1 2022: RMB154,983,663.31); (3) RMB26,831,781.21 for paying issuance costs; (4) RMB7,130,000,000.00 for purchasing structured deposits
(2019: RMB1,200,000,000.00; 2020: RMB2,650,000,000.00; 2021: RMB3,280,000,000.00); (5) RMB1,070,000,000.00 for purchasing seven days call deposits (2021: RMB900,000,000.00; Q1 2022: As of 31 March 2022, the interest income in the account of raised funds minus service charges stood at
RMB1,673,699.03 in Q1 2022; the amount of income from structured deposits was RMB41,738,931.50 in Q1
2022; and the amount of income from seven days call deposits was RMB28,583.34 in Q1 2022. As of 31 March
2022, the balance in the account of raised funds amounted to RMB486,724,025.07. The use and balance of the
raised funds are as follows:
Unit: RMB
| Item | Amount |
| Opening balance of raised funds (31 December 2021) | 640,005,406.01 |
| Less: raised funds that were directly used for project to be
financed by raised funds in Q1 2022 | 154,983,663.31 |
| Add: Income from seven days call deposits in Q1 2022 | 28,583.34 |
| Net interest income from raised funds in Q1 2022 | 1,673,699.03 |
| Closing balance of raised funds (31 March 2022) | 486,724,025.07 |
2. Funds Raised through Corporate Bonds
On 7 July 2020, the Company issued RMB2 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 (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 31 March 2022, the handover of
the said equity interests has been completed.
(V) Communications with the Investment Community such as Researches, Inquiries and Interviews Received during the Reporting Period
| Date | Place | Way of
communic | Type of
commun | Communication party | Index to basic information of
researches |
| 1 January 2022 to 31
March 2022 | China
Merchants
Port
Building | By phone,
ation
or written
inquiry
(the
EasyIR
platform
of SZSE
or email) | ication
party
Individu
al | - | Basic business condition, investments
and the financial condition of the
Company;
Materials provided: None;
Index: SZSE EasyIR
(http://irm.cninfo.com.cn/ircs/index) |
| Times of communications | 20 | | | | |
| Number of institutions communicated with | 0 | | | | |
| Number of individuals communicated with | 20 | | | | |
| 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 Q1 2022 are as follows:
1. Establishment of internal control system
As of 31 March 2022, a total of 25 units were included in the assessment of the risk control system, covering the
Company's subsidiaries. The annual risk control planning and the formulation of the work plan were completed.
Additionally, the lists of members of the steering and working groups of the self-assessment of risk management
and internal control were adjusted, according to the staff turnover of the Company and its subsidiaries.
2. Further Improvement in coverage of internal control evaluation process In 2022, the subsidiaries included in the self-assessment of the internal control system of the Company have
streamlined the procedures of all businesses and covered their respective core businesses in the scope of internal
control assessment. A priority task in Q1 2022 was the internal control self-assessment by all departments of the
Headquarters of the Company, during which procedure design and implementation were streamlined and inspected. In addition, procedure manuals were timely updated in line with changes in the actual business.
3. Carrying out the establishment and evaluation of internal control system on a regular basis As of 31 March 2022, 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, as scheduled, orderly promoted 31 key risk control tasks for the year. As of 31 March 2022, it
supported external project groups of internal control audit to complete internal control audit-related tasks and
obtained reports on internal control audit on time. In conformity with the "Three-year Full-Coverage" Plan for the
Supervision and Inspection of the Internal Control System, the internal control inspection over the development of
the Shenzhen Chiwan Port Development Co., Ltd. was completed, and a list of deficiencies identified through the
internal control assessment was compiled. Meanwhile, the Annual Risk Control Work Arrangement Conference
was held. The risk control personnel of all organizations received the training of courses on corporate risk control.
(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
nd th
approved on the 2 Meeting of the 9 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
th th
reviewed and approved on the 5 Meeting of the 9 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
th th th
reviewed and approved on the 11 Extraordinary Meeting of the 9 Board of Directors in 2019 and the 4
Extraordinary General Meeting of 2019 held by the Company respectively on 22 November 2019 and 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.
th th
The Company held the 5 Meeting of the 10 Board of Directors and the 2021 Annual General Meeting respectively on 29 March and 21 April 2022, respectively, reviewing and approving the Proposal on Renewing the
Financial Service Agreement and Related Party Transactions with China Merchants Group Finance Co., Ltd. and
agreeing with the renewal of the Financial Service Agreement, with a term of three years, with China Merchants
Group Finance Co., Ltd. ("CMG Finance").
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 Increase | Q1 Decrease | Ending
balance |
| I. Deposits in China Merchants Group
Finance Co., Ltd. | 217,823.09 | 520,708.57 | 622,254.54 | 116,277.12 |
| II. Loans provided by China Merchants
Group Finance Co., Ltd. | 396,421.70 | 14178.37 | 114,634.80 | 295965.27 |
IV Quarterly Financial Statements （未完）
