[一季报]招港B(201872):2023年第一季度报告（英文版）

 时间：2023年04月28日 20:18:37 中财网

原标题:招港B:2023年第一季度报告（英文版）

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
Huang Shengchao, 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 http://www.cninfo.com.cn have been designated by the Company for information disclosure. And all information
about the Company shall be subject to what’s disclosed on the aforesaid media. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No
Reason: Changes to Accounting Policies
On 30 November 2022, the Ministry of Finance issued the Interpretation No. 16 for the Accounting Standards for
Business Enterprises, according to which "the accounting treatments for deferred income tax relating to assets and
liabilities arising from a single transaction that is not subject to the initial recognition exemption" is effective from
1 January 2023. In accordance with the aforesaid regulations, the Company has implemented the Interpretation No.
16 with effect from 1 January 2023.

　Q1 2023Q1 2022　YoY change (%)
　　OriginalRestated　
Operating revenue (RMB)3,693,584,257.974,020,203,113.254,020,203,113.25-8.12%
Net profit attributable to the listed company’s shareholders (RMB)850,039,606.18859,493,121.60859,730,734.43-1.13%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)724,465,592.72838,801,864.90839,039,477.73-13.66%
Net cash generated from/used in operating activities (RMB)699,050,929.84999,264,265.35999,264,265.35-30.04%
Basic earnings per share (RMB/share)0.340.450.45-24.44%
Diluted earnings per share (RMB/share)0.340.450.45-24.44%
Weighted average return on equity (%)1.55%2.13%2.12%-0.57%
　31 March 202331 December 2022　Change (%)
　　OriginalRestated　
Total assets (RMB)198,600,787,660.07197,525,530,887.76197,604,313,794.790.50%
Equity attributable to the listed company’s shareholders (RMB)55,269,089,877.1154,267,143,304.0254,298,170,520.731.79%
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)2,499,074,661
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)0.3401
(II) Exceptional Gains and Losses
Unit: RMB

ItemQ1 2023Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)-1,364,122.56-
Government subsidies charged to current profit or loss (exclusive of government subsidies continually given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards)22,757,046.38-
Capital occupation charges on non-financial enterprises that are charged to current profit or loss54,840,916.11-
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)109,115,343.13-
Reversed portions of impairment allowances for receivables which are tested individually for impairment8,150,646.77-
Non-operating income and expense other than the above-3,575,218.52-
Less: Income tax effects37,706,922.19-
Non-controlling interests effects (net of tax)26,643,675.66-
Total125,574,013.46　
Other items that meet the definition of exceptional gain/loss: □ Applicable √ Not applicable
No such cases.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases.
(III) Changes in Key Financial Statement Line Items and Their Explanation Unit: RMB

Balance sheet items31 March 202331 December 2022Change (%)Explanation of changes
Held-for-trading financial assets4,459,125,415.792,998,781,599.6348.70%Mainly due to increased structured deposits
Notes receivable246,712,652.9936,395,000.00577.88%Mainly due to increased bank acceptance notes
Accounts receivable1,685,727,787.001,276,149,689.4432.09%Mainly due to impacts of the payment collection periods
Receivables financing-163,766,913.10-100.00%Mainly due to impacts of discounted bank
　　　　acceptance notes and payment collection upon maturity
Income statement itemsQ1 2023Q1 2022Change (%)Explanation of changes
Gains from changes in fair value109,115,343.13-28,601,507.19481.50%Mainly due to increased gains from changes in the fair value of held-for-trading financial assets
Cash flow statement itemsQ1 2023Q1 2022Change (%)Explanation of changes
Cash receipts from disposals and recovery of investments4,687,000,000.0016,908,644,162.50-72.28%Mainly due to decreased principals of structured deposits that were received
Cash payments to acquire investments6,142,654,969.5016,688,874,317.28-63.19%Mainly due to decreased principals of structured deposits that were purchased
Cash receipts from borrowings3,525,239,878.659,466,988,902.00-62.76%Mainly due to decreased super-short-term commercial papers that were issued
Cash repayments of borrowings3,402,675,379.906,229,427,431.03-45.38%Mainly due to decreased repayments of super-short-term commercial papers and bank loans
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 shareholders29,398 (18,191 A-shareholders, 11,207 B-shareholders)Number of preferred shareholders with resumed voting rights (if any)0　　
Top 10 shareholders　　　　　
Name of shareholderNature of shareholdShareh oldingTotal shares heldRestricted shares heldShares in pledge, marked or frozen

　erpercent age　　StatusShares
CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITEDForeign legal person45.96%1,148,648,6480-0
ZHEJIANG PROVINCIAL SEAPORT INVESTMENT & OPERATION GROUP CO., LTD.State-own ed legal person23.08%576,709,537576,709,537-0
CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD.State-own ed legal person14.84%370,878,0000-0
SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP)Funds, wealth managem ent products2.59%64,850,1820-0
CHINA-AFRICA DEVELOPMENT FUNDState-own ed legal person2.57%64,102,5640-0
BROADFORD GLOBAL LIMITEDState-own ed legal person2.21%55,314,2080-Unknown
CHINA CITIC BANK CORPORATION LIMITED-BOCOM SCHRODERS NEW VITALITY DYNAMIC ASSET ALLOCATION MIXED SECURITIES INVESTMENT FUNDFunds, wealth managem ent products0.26%6,430,2360-Unknown
HONG KONG SECURITIES CLEARING COMPANY LTD.Foreign legal person0.12%3,096,9470-Unknown
ZHU HUIDomestic natural person0.12%2,880,0030-Unknown
CHINA MERCHANTS SECURITIES (HK) CO., LTD.Foreign legal person0.11%2,648,1380-Unknown
Top 10 unrestricted shareholders　　　　　　
Name of shareholderUnrestricted shares heldShares by type　　　　

　　TypeShares
CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITED1,148,648,648RMB ordinary share1,148,648,648
CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD.370,878,000RMB ordinary share370,878,000
SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP)64,850,182RMB ordinary share64,850,182
CHINA-AFRICA DEVELOPMENT FUND64,102,564RMB ordinary share64,102,564
BROADFORD GLOBAL LIMITED55,314,208Domestically listed foreign share55,314,208
CHINA CITIC BANK CORPORATION LIMITED-BOCOM SCHRODERS NEW VITALITY DYNAMIC ASSET ALLOCATION MIXED SECURITIES INVESTMENT FUND6,430,236RMB ordinary share6,430,236
HONG KONG SECURITIES CLEARING COMPANY LTD.3,096,947RMB ordinary share3,096,947
ZHU HUI2,880,003RMB ordinary share2,880,003
CHINA MERCHANTS SECURITIES (HK) CO., LTD.2,648,138Domestically listed foreign share2,648,138
MAI SHUQING1,874,947RMB ordinary share1,874,947
Related or acting-in-concert parties among the shareholders aboveBroadford Global Limited is the controlling shareholder of China Merchants Port Investment Development Company Limited and China Merchants Gangtong Development (Shenzhen) Co., Ltd. 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 Significant Events
□ Applicable √ Not applicable

Item31 March 20231 January 2023
Current assets:　　
Cash and bank balances12,303,314,799.4613,615,928,739.40
Settlement reserve　　
Interbank loans granted　　
Held-for-trading financial assets4,459,125,415.792,998,781,599.63
Derivative financial assets　　
Notes receivable246,712,652.9936,395,000.00
Accounts receivable1,685,727,787.001,276,149,689.44
Receivables financing　163,766,913.10
Prepayments70,427,025.0363,627,425.42
Premiums receivable　　
Reinsurance receivables　　
Receivable reinsurance contract reserve　　
Other receivables1,170,056,768.49948,842,094.30
Including: Interest receivable　　
Dividend receivable609,209,224.04416,040,485.62
Financial assets purchased under resale agreements　　
Inventories242,994,121.36225,122,821.48
Contract assets　　
Assets held for sale　　
Non-current assets due within one year850,911,074.16902,225,293.93
Other current assets193,385,491.31185,903,140.53
Total current assets21,222,655,135.5920,416,742,717.23
Non-current assets:　　
Loans and advances to customers　　
Investments in debt obligations　　
Investments in other debt obligations　　
Long-term receivables5,617,429,169.495,661,327,499.07
Long-term equity investments93,142,161,218.9892,364,293,919.05
Investments in other equity instruments171,945,275.02171,945,275.02
Other non-current financial assets1,825,784,236.411,745,740,896.41
Investment properties5,078,723,082.965,123,690,119.56
Fixed assets31,672,908,906.9132,033,326,083.50
Construction in progress2,464,228,985.852,413,844,407.64
Productive living assets　　
Oil and gas assets　　
Right-of-use assets9,173,095,661.969,342,642,222.33
Intangible assets19,183,419,167.0819,277,065,115.61
Development expenditure13,120,478.5317,412,196.16
Goodwill6,448,739,235.226,411,426,891.09
Long-term prepaid expenses968,960,172.05986,356,904.90
Deferred tax assets433,911,215.96451,710,168.43
Other non-current assets1,183,705,718.061,186,789,378.79
Total non-current assets177,378,132,524.48177,187,571,077.56
Total assets198,600,787,660.07197,604,313,794.79
Current liabilities:　　
Short-term borrowings6,457,871,100.327,164,338,366.18
Borrowings from the central bank　　
Interbank loans obtained　　
Held-for-trading financial liabilities　　
Derivative financial liabilities　　
Notes payable　　
Accounts payable659,724,322.27811,149,397.66
Receipts in advance13,518,159.749,886,531.59
Contract liabilities133,240,712.79141,899,551.03
Financial assets sold under repurchase agreements　　
Customer deposits and interbank deposits　　
Payables for acting trading of securities　　
Payables for underwriting of securities　　
Employee benefits payable590,230,462.57936,834,718.13
Taxes payable957,160,598.91917,933,169.09
Other payables1,875,936,638.821,755,885,258.26
Including: Interest payable　　
Dividends payable275,643,677.7992,374,921.29
Handling charges and commissions payable　　
Reinsurance payables　　
Liabilities directly associated with assets held for sale　　
Non-current liabilities due within one year11,363,621,116.7711,641,223,688.95
Other current liabilities3,153,298,331.943,161,147,525.96
Total current liabilities25,204,601,444.1326,540,298,206.85
Non-current liabilities:　　
Insurance contract reserve　　
Long-term borrowings13,331,788,460.3812,390,099,177.85
Bonds payable18,948,133,988.7219,088,293,099.02
Including: Preferred shares　　
Perpetual bonds　　
Lease liabilities900,685,688.08948,350,914.04
Long-term payables3,605,970,588.103,551,315,590.31
Long-term employee benefits payable630,909,242.99639,095,931.43
Provisions40,845,351.2035,365,156.43
Deferred income1,028,327,499.021,031,273,189.74
Deferred tax liabilities4,933,657,960.254,855,047,609.59
Other non-current liabilities178,359,757.34186,383,117.00
Total non-current liabilities43,598,678,536.0842,725,223,785.41
Total liabilities68,803,279,980.2169,265,521,992.26
Shareholders' equity:　　
Share capital2,499,074,661.002,499,074,661.00
Other equity instruments　　
Including: Preferred shares　　
Perpetual bonds　　
Capital reserve34,846,694,340.2734,751,640,835.25
Less: Treasury stock　　
Other comprehensive income-673,519,217.07-689,026,445.74
Special reserve36,677,276.4826,358,259.97
Surplus reserves1,001,917,449.151,001,917,449.15
General reserve　　
Unappropriated profit17,558,245,367.2816,708,205,761.10
Total shareholders' equity attributable to shareholders of the parent55,269,089,877.1154,298,170,520.73
Minority interests74,528,417,802.7574,040,621,281.80
Total shareholders' equity129,797,507,679.86128,338,791,802.53
Total liabilities and shareholders' equity198,600,787,660.07197,604,313,794.79
Legal Representative: Wang Xiufeng
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Huang Shengchao

ItemQ1 2023Q1 2022
1. Operating income3,693,584,257.974,020,203,113.25
Including: Operating income3,693,584,257.974,020,203,113.25
Interest income　　
Premium income　　
Handling charge and commission income　　
2. Costs and expenses3,256,430,499.353,257,382,937.14
Including: Operating costs2,166,281,506.752,257,298,794.24
Interest expense　　
Handling charge and commission expense　　
Surrenders　　
Net claims paid　　
Net amount provided as policy reserve　　
Expenditure on policy dividends　　
Reinsurance premium expense　　
Taxes and surcharges67,797,717.7570,163,530.02
Selling expense　　
Administrative expenses390,562,146.01392,572,623.71
Research and development expenses69,022,878.8152,342,387.05
Finance expenses562,766,250.03485,005,602.12
Including: Interest expense556,633,136.12557,552,810.49
Interest income118,478,939.4295,418,037.96
Add: Other income30,192,445.1637,313,921.78
Investment income (Loss is marked with "-")1,510,612,568.311,700,408,075.14
Including: Income from investments in associates and joint ventures1,496,344,186.351,632,844,747.42
Income from the derecognition of financial assets at amortized cost (Loss is marked with "-")　　
Foreign exchange gain (Loss is marked with "-")　　
Net gain on exposure hedges (Loss is marked with "-")　　
Gains from changes in fair value (Loss is marked109,115,343.13-28,601,507.19
with "-" )　　
Gains from impairment of credit (Loss is marked with "-" )8,422,477.29-592,423.11
Gains from impairment of assets (Loss is marked with "-" )　　
Gains on disposal of assets (Loss is marked with "-" )-180,393.80-212,878.09
3. Operating profit (Loss is marked with "-")2,095,316,198.712,471,135,364.64
Add: Non-operating income10,147,277.675,208,084.73
Less: Non-operating expenses14,882,144.373,571,426.77
4. Gross profit (Loss is marked with "-")2,090,581,332.012,472,772,022.60
Less: Income tax expenses286,862,164.52303,858,270.29
5. Net profit (Loss is marked with "-")1,803,719,167.492,168,913,752.31
5.1 Categorization by continuity of operation　　
5.1.1 Net profit from continuing operation (Loss is marked with "-")1,803,719,167.492,168,913,752.31
5.1.2 Net profit from discontinued operation (Loss is marked with "-")　　
5.2 Categorization by attribution of ownership　　
5.2.1 Net profit attributable to owners of the parent850,039,606.18859,730,734.43
5.2.2 Profit or loss attributable to minority shareholders953,679,561.311,309,183,017.88
6. Other comprehensive income, net of tax-37,702,507.44667,635,517.56
Other comprehensive income attributable to owners of the parent, net of tax15,507,228.67412,712,444.14
6.1 Other comprehensive income that will not be reclassified to profit or loss277,536.18-101,330.09
6.1.1 Changes from remeasurement of the defined benefit plan　　
6.1.2 Other comprehensive income that cannot be reclassified to profit or loss under the equity method277,536.18　
6.1.3 Fair value changes of investments in other equity instruments　-101,330.09
6.1.4 Changes in the fair value of the company’s credit risks　　
6.1.5 Other　　
6.2 Other comprehensive income that will be reclassified subsequently to profit or loss15,229,692.49412,813,774.23
6.2.1 Other comprehensive income that can be reclassified to profit or loss under the equity method6,647,720.366,527,928.11
6.2.2 Changes in the fair value of investments in other debt obligations　　
6.2.3 Other comprehensive income arising from the reclassification of financial assets　　
6.2.4 Allowance for credit impairments in investments in other debt obligations　　
6.2.5 Reserve for cash flow hedges　　
6.2.6 Translation differences of financial statements denominated in foreign currencies8,581,972.13406,285,846.12
6.2.7 Other　　
Other comprehensive income attributable to minority interests, net of tax-53,209,736.11254,923,073.42
7. Total comprehensive income attributable to1,766,016,660.052,836,549,269.87
Shareholders of the parent865,546,834.851,272,443,178.57
Minority shareholders900,469,825.201,564,106,091.30
8. Earnings per share　　
8.1 Basic earnings per share0.340.45
8.2 Diluted earnings per share0.340.45
ItemQ1 2023Q1 2022
1. Cash flows from operating activities:　　
Cash receipts from sales of goods and rendering of services3,194,833,274.623,599,371,273.07
Net increase in customer deposits and interbank deposits　　
Net increase in borrowings from the central bank　　
Net increase in loans from other financial institutions　　
Premiums received on original insurance contracts　　
Net proceeds from reinsurance　　
Net increase in deposits and investments of policy holders　　
Interest, handling charges and commissions received　　
Net increase in interbank loans obtained　　
Net increase in proceeds from repurchase transactions　　
Net proceeds from acting trading of securities　　
Receipts of tax refunds929,828.081,001,300.35
Other cash receipts relating to operating activities220,128,477.02244,231,744.88
Sub-total of cash inflows3,415,891,579.723,844,604,318.30
Cash payments for goods purchased and services received1,032,226,057.611,122,144,087.79
Net increase in loans and advances to customers　　
Net increase in deposits in the central bank and in interbank loans granted　　
Payments for claims on original insurance contracts　　
Net increase in interbank loans granted　　
Interest, handling charges and commissions paid　　
Policy dividends paid　　
Cash payments to and on behalf of employees1,218,416,516.711,130,909,192.25
Payments of various types of taxes261,077,771.59391,860,341.00
Other cash payments relating to operating activities205,120,303.97200,426,431.91
Sub-total of cash outflows2,716,840,649.882,845,340,052.95
Net Cash Flows from Operating Activities699,050,929.84999,264,265.35
2. Cash flows from investing activities:　　
Cash receipts from disposals and recovery of investments4,687,000,000.0016,908,644,162.50
Cash receipts from investments income291,354,548.8590,541,536.09
Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets831,486.8056,999.00
Net cash receipts from disposal of subsidiaries and other operating units　　
Other cash receipts relating to investing activities86,434,571.8892,386,492.18
Sub-total of cash inflows5,065,620,607.5317,091,629,189.77
Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets309,707,402.32542,182,983.32
Cash payments to acquire investments6,142,654,969.5016,688,874,317.28
Net increase in pledged loans granted　　
Net cash payments for acquisitions of subsidiaries and other business units　　
Other cash payments relating to investing activities479,015.659,373,443.62
Sub-total of cash outflows6,452,841,387.4717,240,430,744.22
Net cash flows from investing activities-1,387,220,779.94-148,801,554.45
3. Cash flows from financing activities:　　
Cash receipts from capital contributions　　
Including: Cash receipts from capital contributions from Minority shareholder of subsidiary　　
Cash receipts from borrowings3,525,239,878.659,466,988,902.00
Other cash receipts relating to financing activities87,673.99　
Sub-total of cash inflows3,525,327,552.649,466,988,902.00
Cash repayments of borrowings3,402,675,379.906,229,427,431.03
Cash payments for distribution of dividends or profits or settlement of interest expenses560,837,707.69484,875,519.45
Including: Payments for distribution of dividends or profits to Minority shareholder of subsidiary37,092,850.002,881,000.00
Other cash payments relating to financing activities159,647,710.2057,936,905.74
Sub-total of cash outflows4,123,160,797.796,772,239,856.22
Net cash flows from financing activities-597,833,245.152,694,749,045.78
4. Effect of foreign exchange rate changes on cash and cash equivalents-15,139,218.75-25,315,406.26
5. Net increase in cash and cash equivalents-1,301,142,314.003,519,896,350.42
Add: Opening balance of Cash and Cash Equivalents13,567,309,471.6212,727,355,238.36
6. Closing balance of cash and cash equivalents12,266,167,157.6216,247,251,588.78
（未完）
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