[年报]招港B(201872):2022年年度报告摘要（英文版）
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时间：2023年04月03日 21:48:45 中财网 |
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原标题:招港B:2022年年度报告摘要（英文版）
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2023-027
CHINA MERCHANTS PORT GROUP CO., LTD.
ANNUAL REPORT 2022 (SUMMARY)
Part I Important Notes
This Summary is based on the full Annual Report of China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”). In order for a full understanding of the Company’s operating results, financial position and future development plans, investors should carefully read
the aforesaid full text on the media designated by the China Securities Regulatory Commission (the “CSRC”).
This Summary is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version shall prevail.
All the Company’s directors have attended the Board meeting for the review of this Report and its summary.
Independent auditor’s modified opinion:
□ Applicable √ Not applicable
Board-approved final cash and/or stock dividend plan for ordinary shareholders for the Reporting Period:
√ Applicable □ Not applicable
Bonus issue from capital reserves:
□ Yes √ No
The Board has approved a final dividend plan as follows: based on 2,499,074,661 shares, a cash dividend of RMB4.50 (tax inclusive) per 10 shares is to be distributed to shareholders, with no bonus issue from either profit or capital reserves.
Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period :
□ Applicable √ Not applicable
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| Stock name | CM Port Group/
CM Port Group B | Stock code | 001872/
201872 | | Stock exchange for stock
listing | Shenzhen Stock Exchange | | | | 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 | | | Fax | +86 755 26886666 | +86 755 26886666 | | | Tel. | +86 755 26828888 | +86 755 26828888 | | | Email address | [email protected] | [email protected] | |
2. Main business of the Company during the Reporting Period (1) Principal Activities of the Company during the Reporting Period The Company is principally engaged in port operations, ancillary port-related services and bonded logistics operations. The port operations include containers and bulk cargos, with a comprehensive port network across the hub locations along coastal China, and the terminals which the Company invested in or invested in and managed are located in hub locations across Hong Kong, Taiwan, Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin, Dalian, Zhangzhou, Zhanjiang, and Shantou, as well as in Asia, Africa, Europe, Oceania, South and North America, amongst others. The ancillary port-related services mainly include smart port solutions, an open platform for smart ports, smart port technology operation and other port information technology businesses, as well as port tug services and port trimming services, engineering supervision and management business. The bonded logistics operations mainly include the provision of warehousing leasing, customs clearance,
division or merger of cargoes, documentation and other services for customers in Shenzhen Qianhaiwan Bonded Port Zone, Qingdao Qianwan Bonded Port Zone, Tianjin Dongjiang Bonded Port Zone, the free trade zone in Djibouti and Hambantota industrial park. The main business segments of the Company are as follow:
| Business
segments | Applications area | | Port operations | Containers: the Company provides ship berthing, loading and unloading
services for ship companies, offers container storage service to ship companies
and cargo owners and provides overhead box services for tractor companies.
The Company also engages in the businesses of division or merger of cargoes
in containers, container leasing and container;
Bulk cargoes: the Company is engaged in bulk cargo handling and |
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| | transportation in port zones, as well as storage services in yards. The major
types of cargoes handled include food, steel, woods. | | Ancillary
port-related services | The ancillary port-related services mainly include smart port solutions, an
open platform for smart ports, smart port technology operation and other port
information technology businesses, as well as port tug services and port
trimming services, engineering supervision and management business. | | Bonded logistics
operations | The Company provides various services for clients (including logistics
companies, trading companies or cargo owners), for example, warehouse/yard
leasing, loading and unloading in warehouses/yards, customs clearance and
division or merger of cargoes at terminals. It also provides documentation
services for tractors arriving or leaving the bonded logistics parks. |
(2) Development stage and cyclical characteristic of the industry in which the Company operates and its industry position during the Reporting Period The port industry is a crucial foundation of national economy and social progress, and is closely linked to global economic and trade development. The Company is the China’s largest and global leading port developer, investor, and operator, with a comprehensive port network across the hub locations along coastal area of China, as well as Asia, Africa, Europe, Mediterranean Sea, Oceania,
South and North America, amongst others. Upholding an enterprising, steady and efficient operating style, the Company capitalises on its global port portfolio, professional management experience, the self-developed state-of-the-art terminal operation system and integrated logistics management platform for exports and imports, thereby providing its customers with timely and efficient port and maritime logistics services along with comprehensive and modern integrated logistics solutions. In addition, the Company also invests in bonded logistics business and launches
integrated park development business, promotes the transformation and upgrade of the port industry,
develops port supporting industries, and is committed to improving the industrial efficiency and creating greater value through the synergy within existing terminal network. China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| | 31 December 2022 | 31 December 2021 | Change of 31
December 2022
over 31
December 2021
(%) | 31 December 2020 | | Total assets | 197,525,530,887.76 | 175,984,101,168.66 | 12.24% | 168,728,326,345.77 | | Equity attributable
to the listed
company’s
shareholders | 54,267,143,304.02 | 39,801,188,662.13 | 36.35% | 37,165,277,744.78 | | | 2022 | 2021 | 2022-over-
2021 change | 2020 | | Operating revenue | 16,230,489,127.55 | 15,283,808,174.60 | 6.19% | 12,756,744,317.91 | | Net profit
attributable to the
listed company’s
shareholders | 3,337,446,222.82 | 2,685,829,204.07 | 24.26% | 2,073,844,409.04 | | Net profit
attributable to the
listed company’s
shareholders before
exceptional gains
and losses | 3,345,170,153.81 | 2,355,700,274.23 | 42.00% | 1,271,352,002.64 | | Net cash generated
from/used in
operating activities | 6,920,377,390.35 | 6,510,326,570.48 | 6.30% | 5,551,289,013.01 | | Basic earnings per
share (RMB/share) | 1.61 | 1.40 | 15.00% | 1.08 | | Diluted earnings per
share (RMB/share) | 1.61 | 1.40 | 15.00% | 1.08 | | Weighted average
return on equity (%) | 7.54% | 6.99% | 0.55% | 5.67% |
(2) Key Financial Information by Quarter
Unit: RMB
| | Q1 | Q2 | Q3 | Q4 | | Operating revenue | 4,020,203,113.25 | 4,130,259,253.94 | 3,971,339,655.24 | 4,108,687,105.12 | | Net profit attributable to the
listed company’s
shareholders | 859,493,121.60 | 1,122,368,203.02 | 771,042,670.19 | 584,542,228.01 | | Net profit attributable to the
listed company’s | 838,801,864.90 | 1,081,747,380.70 | 738,503,229.51 | 686,117,678.70 |
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| shareholders before
exceptional gains and losses | | | | | | Net cash generated
from/used in operating
activities | 999,264,265.35 | 2,221,986,911.74 | 1,782,510,001.40 | 1,916,616,211.86 |
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
4. Share Capital and Shareholder Information at the Period-End (1) 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 at
the period-end | 31,210 ( 20,08
9 A-sharehold
ers and 11,12
1 B-shareholde
rs) | Number of
ordinary
shareholders at
the month-end
prior to the
disclosure of
this Report | 32,505
(21,367
A-shareholder
s and 11,138
B-shareholders
) | Number of preferred
shareholders with
resumed voting rights
at the period-end (if
any) | 0 | Number of
preferred
shareholders
with resumed
voting rights at
the month-end
prior to the
disclosure of
this Report (if
any) | 0 | | 5% or greater shareholders or top 10 shareholders | | | | | | | | | Name of
shareholder | Nature of
shareholder | Sharehold
ing
percentag
e | Total shares
held at the
period-end | Increase/dec
rease in the
Reporting
Period | Restricted
shares held | Unrestricted
shares held | Shares in pledge or frozen | | CHINA
MERCHANTS
PORT
INVESTMENT
DEVELOPMENT
COMPANY
LIMITED | Foreign
legal
person | 45.96% | 1,148,648,648 | 0 | 0 | 1,148,648,648 | 0 | | ZHEJIANG
PROVINCIAL
SEAPORT
INVESTMENT &
OPERATION
GROUP CO.,
LTD. | State-owne
d legal
person | 23.08% | 576,709,537 | 576,709,537 | 576,709,537 | 0 | 0 | | CHINA
MERCHANTS
GANGTONG
DEVELOPMENT
(SHENZHEN)
CO., LTD. | State-owne
d legal
person | 14.84% | 370,878,000 | 0 | 0 | 370,878,000 | 0 |
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| SHENZHEN
INFRASTRUCTU
RE
INVESTMENT
FUND-SHENZHE
N
INFRASTRUCTU
RE
INVESTMENT
FUND
PARTNERSHIP
(LIMITED
PARTNERSHIP) | Fund and
wealth
managemen
t products | 2.59% | 64,850,182 | 0 | 0 | 64,850,182 | 0 | | CHINA-AFRICA
DEVELOPMENT
FUND | State-owne
d legal
person | 2.57% | 64,102,564 | 0 | 0 | 64,102,564 | 0 | | BROADFORD
GLOBAL
LIMITED | State-owne
d legal
person | 2.21% | 55,314,208 | 0 | 0 | 55,314,208 | Unknown | | HONG KONG
SECURITIES
CLEARING
COMPANY LTD. | Foreign
legal
person | 0.25% | 6,210,896 | 165,827 | 0 | 6,210,896 | Unknown | | ZHU HUI | Domestic
natural
person | 0.12% | 2,880,003 | -78,000 | 0 | 2,880,003 | Unknown | | CHINA
MERCHANTS
SECURITIES
(HK) CO., LTD. | Foreign
legal
person | 0.10% | 2,542,455 | -21,100 | 0 | 2,542,455 | Unknown | | MONETARY
AUTHORITY OF
MACAO-SELF-O
WNED FUNDS | Foreign
legal
person | 0.09% | 2,172,637 | 2,172,637 | 0 | 2,172,637 | Unknown | | Strategic investors or general
legal person becoming top-ten
ordinary shareholders due to
placing of new shares (if any) | Among the foregoing shareholders, Shenzhen Infrastructure Investment Fund-Shenzhen
Infrastructure Investment Fund Partnership (Limited Partnership) subscribed for 64,850,182
shares of the Company offered in a non-public manner in 2019 for raising supporting funds at
RMB17.16 per share. The subscribed shares were floated on Shenzhen Stock Exchange on 4
November 2019, and the lock-in period lasted until 4 November 2020. China-Africa Development
Fund subscribed for 64,102,564 shares of the Company offered in a non-public manner in 2019
for raising supporting funds at RMB17.16 per share. The subscribed shares were floated on
Shenzhen Stock Exchange on 4 November 2019, and the lock-in period lasted until 4 November
2020. Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd. subscribed for
576,709,537 shares of the Company offered in a non-public manner at RMB18.50 per share. The
subscribed shares were floated on Shenzhen Stock Exchange on 12 October 2022, and the lock-in
period lasts until 12 October 2025. | | | | | | | | Related or acting-in-concert
parties among the shareholders
above | China Merchants Gangtong Development (Shenzhen) Co., Ltd. is a majority-owned 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. | | | | | | | | Above shareholders involved in
entrusting/being entrusted and
giving up voting rights | None | | | | | | | | Special account for share
repurchases (if any) among the
top 10 shareholders (see note
10) | None | | | | | | | | Top 10 unrestricted shareholders | | | | | | | | | Name of shareholder | Unrestricted shares held at the period-end | Shares by type | | | | | | | | | Type | Shares | | | | | | CHINA MERCHANTS PORT
INVESTMENT
DEVELOPMENT COMPANY
LIMITED | 1,148,648,648 | RMB
o rdinary
share | 1,148,648,648 | | | | |
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| CHINA MERCHANTS
GANGTONG
DEVELOPMENT
(SHENZHEN) CO., LTD. | 370,878,000 | RMB
o rdinary
share | 370,878,000 | | SHENZHEN
INFRASTRUCTURE
INVESTMENT
FUND-SHENZHEN
INFRASTRUCTURE
INVESTMENT FUND
PARTNERSHIP (LIMITED
PARTNERSHIP) | 64,850,182 | RMB
o rdinary
share | 64,850,182 | | CHINA-AFRICA
DEVELOPMENT FUND | 64,102,564 | RMB
o rdinary
share | 64,102,564 | | BROADFORD GLOBAL
LIMITED | 55,314,208 | Domestical
ly listed
foreign
share | 55,314,208 | | HONG KONG SECURITIES
CLEARING COMPANY LTD. | 6,210,896 | RMB
o rdinary
share | 6,210,896 | | ZHU HUI | 2,880,003 | RMB
o rdinary
share | 2,880,003 | | CHINA MERCHANTS
SECURITIES (HK) CO., LTD. | 2,542,455 | Domestical
ly listed
foreign
share | 2,542,455 | | MONETARY AUTHORITY
OF MACAO-SELF-OWNED
FUNDS | 2,172,637 | RMB
o rdinary
share | 2,172,637 | | MAI SHUQING | 2,129,247 | RMB
o rdinary
share | 2,129,247 | | Related or acting-in-concert
parties among top 10
unrestricted public
shareholders, as well as
between top 10 unrestricted
public shareholders and top 10
shareholders | China Merchants Gangtong Development (Shenzhen) Co., Ltd. is a majority-owned 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 ordinary shareholders
involved in securities margin
trading (if any) | N/A | | |
(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
(3) Ownership and Control Relations between the Actual Controller and the Company China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| Bond name | Abbr. | Bond code | Issue date | Maturity | Outstanding balance
(RMB’0,000) | Interest
rate | | 2020 Public
Offering of
Corporate
Bonds of
China
Merchants
Port Group
Co., Ltd. (for
qualified
investors)
(Phase I) | 20 CMPort
01 | 149170 | 7 July 2020 | 8 July 2023 | 200,000 | 3.36% | | 2022 Public
Offering of
Corporate
Bonds of
China
Merchants
Port Group
Co., Ltd. (for
professional
investors)
(Phase I) | 22 CMPort
01 | 148052 | 29 August 2022 to
30 August 2022 | 30 August 2025 | 300,000 | 2.69% |
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| Bond name | Abbr. | Bond code | Issue date | Maturity | Outstanding balance
(RMB’0,000) | Interest
rate | | 2022 Public
Offering of
Corporate
Bonds of
China
Merchants
Port Group
Co., Ltd. (for
professional
investors)
(Phase II) | 22 CMPort
02 | 148058 | 5 September 2022
to 6 September
2022 | 6 September 2024 | 300,000 | 2.45% | | 2022 Public
Offering of
Corporate
Bonds of
China
Merchants
Port Group
Co., Ltd. (for
professional
investors)
(Phase III) | 22 CMPort
03 | 148060 | 8 September 2022
to 9 September
2022 | The maturity date of
the bonds is 9
September 2023; if
the issuer exercises
the redemption
option, the maturity
date of the bonds is
8 March 2023; if the
investor exercises
the resale option, the
maturity date of the
resale portion of the
bonds is 8 March
2023. | 200,000 | 1.93% | | Interest payment during the
Reporting Period | During the Reporting Period, interest on “20 CMPort 01” for the period from 8 July 2021 to 7
July 2022 was paid on 8 July 2022. | | | | | |
(2) Latest Rating and Rating Change
On 23 February 2023, China Chengxin International Credit Rating Co., Ltd. (CCXI) issued the 2023 Credit Rating Report (CCXI-20230389M-01). CCXI granted the corporate credit rating of AAA to the Company with a rating outlook of Stable. During the reporting period, there is no rating
difference in the main ratings of other bonds and debt financing instruments issued by the Company in China.
(3) The Major Accounting Data and the Financial Indicators of the Recent 2 Years of the Company up the Period-end
| Item | 31 December 2022 | 31 December 2021 | Change | | Current ratio | 76.93% | 75.96% | 1.28% | | Debt/asset ratio | 35.07% | 36.91% | -1.84% | | Quick ratio | 76.08% | 75.32% | 1.01% | | | 2022 | 2021 | Change | | Net profit before exceptional
gains and losses (RMB ’0,000) | 334,517.02 | 235,570.03 | 42.00% |
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| Debt/EBITDA ratio | 21.47% | 21.65% | -0.18% | | Interest cover (times) | 4.14 | 4.62 | -10.39% | | Cash-to-interest cover (times) | 5.02 | 5.02 | 0.00% | | EBITDA-to-interest cover
(times) | 6.59 | 7.16 | -7.96% | | Debt repayment ratio (%) | 100.00% | 100.00% | - | | Interest payment ratio (%) | 100.00% | 100.00% | - |
Part III Significant Events
1. Implementation of business plan during the Reporting Period During the Reporting Period, in face of the severe and complicated macro environment, the Company spared no effort in stabilising the economy and ensuring the smooth operation of the ports,
while at the same time, it captured every opportunity to expand its business and improve its quality
and efficiency, and through which, the Company’s business operated in a stable manner with enhanced quality. To continuously provide unimpeded and stable services for international supply and industrial chain, the Company resolutely pushed forward the development of homebase port and regional leading port, sped up endogenous growth and innovation upgrading, thus strengthening value creation for customers and forming a synergetic and win-win situation with partners. (1) Creating new situation for the development of leading ports with endogenous growth. In 2022, the price in the container business of ports the Company mainly controls was raised in the first half of the year by capitalising the situation, which enabled the Company to secure the container volume against the situation and made progress in an overall stable performance in the second half of the year. For the domestic homebase port, the market share of West Shenzhen homebase port in the three ports in South China increased to 19.1% by increasing 1.2 percentage points, making new record in the latest five years. The Company established South China Bulk Cargo Operation Center, opening a new development pattern of high quality for West Shenzhen homebase port. Tonggu channel enabled ships of 200,000 tonnes to sail at night, strengthened its capability to serve large ships at 24 hours and overall competitiveness. For the overseas homebase port, the Company was committed to build the overseas homebase port in Sri Lanka, CICT and HIPG into an international container hub port and a reginal comprehensive leading port, respectively. Besides, the Company continued to advance the construction of the international shipping center in South Asia, and continued to improve the integrated operation and management of the two ports. For the severe political and economic crisis and other challenges encountered by projects in Sri Lanka, the Company coped with them properly, thus guaranteed the production, stabilised the supply and achieved growth regardless of the market recession. (2) Improving asset quality by optimising asset structure. In the first half of the year, China Merchants Port, a holding subsidiary of the Company, held additional shares of 329 million of SIPG.
After the completion, the shareholding in SIPG held by China Merchants Port increased from 26.64% to 28.05%, which consolidated the Company's position as the second largest shareholder of SIPG and strengthened the synergetic development with SIPG. The Company completed the acquisition of 14.6% equity of Asia Airfreight Terminal (AAT), and its shareholding increased to 34.6% after the completion. Besides, the Company expanded the space for airport business development, and continuously deepened the logistics supply chain layout in the Guangdong-Hong Kong-Macao Greater Bay Area. In the second half of the year, Zhejiang Seaport Group subscribed for, as a China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
the second largest shareholder of the Company. At the same time, the Company subscribed for, as a strategic investor, 3.647 billion A-shares in the private placement of the Ningbo Port by capital injection of RMB14.114 billion, and its shareholding increased to 23.08% after the completion and became the second largest shareholder of Ningbo Port. The strategic increase of shareholdings by the two listed companies strengthened the role of both ports as an integrated hub and comprehensively enhanced the high-quality development standard of ports. The Company increased its shareholding of Antong Holdings to 6.83%, further expanding the influence of the port and shipping business.
(3) Inspiring new vitality of development for enterprises by deepening reform. Being listed in the “Double-Hundred Enterprises” of the State-owned Enterprises Reform in 2022, the Company integrated the reform work of “Double-Hundred Action” with the new ten-year strategic development, to stimulate endogenous growth and innovation and upgrading with reform. In accordance with the requirements under the “1+N” series documents of the State-owned Enterprises Reform, the Company carried out general inspection on its governance mechanism, employment mechanism and incentive mechanism, to address systematically the issues existed along the Company’s development. The Company developed reform plan and working record by focusing on the goal of “Five Breakthroughs and One Reinforcement” under the “Double-Hundred Action”. A reform leading group and working group were set up by the Company to establish a systematic working mechanism. By focusing on deepening the mixed-ownership reform, the Company improved the governance operation efficiency, enhanced employment mechanism reform and the building of international talents system, so as to comprehensively improve the standard of the party
leadership and party building of an enterprise. The steadfastly pushing forward of various works under the “Double-Hundred Action” injected new vitality into the development of the Company and helped the Company in building a world-class enterprise.
(4) Building benchmark of smart port by technological innovation. According to the requirement of industry development and technological development trend, the Company continued to revise and refine the digitalization plan, promoted the construction of three platforms, namely “CMC Chip”, “CM ePort” and “SMP” to perfect relevant implementation plan and improve level of
industrial digitalization. “CMC Chip” carried out R&D on intelligent stowage, operation stimulation and other functions, conducted 5G private network expansion verification, and introduced vehicle-road collaborative testing. The construction of data base of China Merchants Port, business process platform, data indicator platform and global monitoring center has been finished on the “SMP” platform, and was officially applied into the operation analysis of enterprises.
“CM ePort” initiated the R&D of 3.0 version, which was smoothly put into trial operation on Shenzhen West Port Area and Machong Port. The Company continued to push forward the construction of Mawan Smart Port and Mawan autonomous driving project was successfully selected as the first batch of intelligent transportation pilot application projects of the Ministry of
Communications, and the smart port solution was included in the Recommendations of Scientific & Technological Innovation of Central Enterprise and won the only Special Award for Scientific and Technological Progress issued by the China Ports Association in 2021. CMIT was approved by the Ministry of Communications for TOS project, and the smart port solution of China Merchants Port delivered phased outcomes.
(5) Extending new node of value chain by business expansion. By continuous using its edge as the hub of supply chain of ports, the Company expanded the supply chain extension services with technological revolution. With respect of domestic business, the Company increased its efforts in expanding Combined Port in the Guangdong-Hong Kong-Macao Greater Bay Area to strengthen the building of cargo collection, distribution and transport system, and build a collaborative alliance
featuring multifaceted businesses with the West Shenzhen homebase port as core under the coordinated port framework. In 2022, 12 coordinated ports have been put into operation and a total China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| | Operating revenue | Cost of sales | Gross
profit | YoY
change in | YoY
change in | YoY
change in |
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
| | | | margin | operating
revenue
(%) | cost of
sales (%) | gross
profit
margin
(%) | | By operating division | | | | | | | | Port
operations | 15,626,802,064.84 | 9,153,516,391.90 | 41.42% | 6.77% | 6.81% | -0.02% | | By operating segment | | | | | | | | Mainland
China, Hong
Kong and
Taiwan | 12,105,380,701.20 | 7,762,369,545.92 | 35.88% | 4.80% | 5.79% | -0.60% | | Other
countries and
regions | 4,125,108,426.35 | 1,888,092,167.02 | 54.23% | 10.50% | 10.48% | 0.01% |
3. YoY Changes to the Scope of Consolidated Financial Statements In February 2022, CMPort established Port Development (Hongkong) Company Limited, a wholly-owned subsidiary. In March 2022, CMPort invested all of its shares in CMPort Holdings (1,627,635,473 shares, accounting for 42.995% of its total share capital) as the contribution. Guangdong Shunkong Port-related Development and Construction Co., Ltd. (hereinafter referred to as "Shunkong"), established in July 2020, is a wholly-owned subsidiary of Guangdong Shunkong Urban Investment and Properties Co., Ltd. (hereinafter referred to as "Shunkong Urban Investment") with a registered capital of RMB30 million. On 30 March 2022, Shunkong Urban Investment put up for sale a 51% interest in Shunkong with a capital increase requirement at GuangDong United Assets and Equity Exchange (Zhuhai Branch), while Shunkong Urban Investment still retained the other 49% interest. In August, CMPort completed a capital injection of RMB50 million, including a registered capital increase of RMB31.22 million, and held the 51% interest in Shunkong upon the completion of the capital injection. Shunkong has completed the ownership change with the industrial and commercial administration and the amendments to its articles of association regarding
shareholders' meetings in November, and CMPort has included Shunkong in its consolidated financial statements since November 2022.
China Merchants Port Group Co., Ltd. Annual Report 2022 (Summary)
China Merchants Port Group Co., Ltd.
Board of Directors Dated 4 April 2023
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