[年报]招港B(201872):2023年年度报告摘要（英文版）
原标题:招港B:2023年年度报告摘要（英文版） Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2024-023 CHINA MERCHANTS PORT GROUP CO., LTD. ANNUAL REPORT 2023 (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 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 2,499,462,404 shares, a cash dividend of RMB5.80 (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 Please refer to the full Annual Report for the definitions of the abbreviations mentioned in this China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary) China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
The major port business includes containers and bulk cargo handling and warehousing services. The Company has established 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. In terms of port investment, the Company puts emphasis on its presence in global major hub locations, gateway ports and regions with huge market potential, rapid economic growth and promising development, in order to capture investment opportunities in ports, logistics and related infrastructure and further improve the global port network. In terms of the comprehensive development business, leveraging on the innovative park business models and services, the Company conducts in-depth exploration of synergy value between ports and parks, and provides customers with diversified value-added services, including warehousing leasing, customs clearance, division or merger of cargoes, documentation services, amongst others, in Shenzhen Qianhaiwan Bonded Port Zone, Qingdao Qianwan Bonded Port Zone, Tianjin Dongjiang Bonded Port Zone, Djibouti International Free Trade Zone, Hambantota Industrial Park,. In terms of the smart technology business, the Company utilizes cutting-edge digital technology to fully leverage its advantages of big data and rich application scenarios, drives its industrial digitalization and digital industrialization, and provides customers with premium port services China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary) China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
(2) Development stage and cyclical characteristic of the industry in which the Company operates and its industry position during the Reporting Period The Company is a leading global port investor, developer and operator. As one of the top port operators in the world, the Company has the resource endowment and unique advantages to build a world-class comprehensive port service provider. In terms of scale, as at the end of the reporting period, the Company has established a relatively complete port network across major hub locations along coastal China, with its presence in 51 ports in 26 countries and regions including Asia, Africa, Europe, Oceania, South and North America. In 2023, according to the statistics of Alphaliner, the Company's equity throughput of containers ranked third among the global port operators in terms of the growth of top 20 ports in the third quarter. In terms of quality, the master terminals controlled by the Company have occupied various market and regional leading positions, continued to promote ESG construction, and strived to create an ESG port benchmark in the industry. In addition, leveraging on the good ground of port technology and based on the CTOS system self-developed by CMPort, the Company has worked out the worldwide first full-case, full-time, all-regime and multi-factor traditional container terminal upgrading solution, and has built the trade facilitation platform for the Guangdong-Hong Kong-Macao Greater Bay Area through blockchain technology, which has been extended to 30 terminals to help enhance the trade facilitation level in the Greater Bay Area. In terms of performance, the Company has continually promoted high-quality development and has been an industry leader in terms of net profit margin and overall labour productivity and other indicators. 3. Key Financial Information (1) Key Financial Information of the Past Three Years Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes ? No On November 30, 2022, the Ministry of Finance promulgated the Interpretation of Accounting Standards for Business Enterprises No. 16, in which the provision that "deferred income tax related to assets and liabilities arising from single transactions does not apply to the accounting treatment of initial recognition exemption" took effect on January 1, 2023. The Company has implemented the above provisions since January 1, 2023, adopted the retrospective adjustment method for accounting treatment, and restated the comparative annual financial statements. China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary) China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
Unit: RMB
□ 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
China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
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 2023 (Summary) China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
On 29 May 2023, China Chengxin International Credit Rating Co., Ltd. (CCXI) issued the 2023 Follow-up Rating Report (XPWHZ [2023] No. 0268). 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
China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
1. Implementation of business plan during the Reporting Period During the Reporting Period, in face of the complicated and changing situation for global supply chain, the Company adhered to the general thrust of seeking progress while maintaining stability, continued to overcome challenges and record steady growth by focusing on “high-quality development” and endogenous growth as well as innovation and upgrade, made breakthrough in “finely developing in Southeast Asia” and progress in lean operation as well as continuously broke through the bottlenecks of homebase ports, and achieved better performance with higher quality with respect to construction of homebase ports, technological innovation, market expansion, operation management, deepening reform, comprehensive development, ESG construction and other aspects. (1) As for the construction of homebase ports, strengthening regional position and extending value chain. The business volume of the West Shenzhen homebase port recorded a steady growth. The container business created a record high in its market share in foreign trade in the Guangdong-Hong Kong-Macao Greater Bay Area, representing a better performance than the overall level of the Guangdong-Hong Kong-Macao Greater Bay Area. In addition, the coordinated ports model in the Guangdong- Hong Kong-Macau Greater Bay Area has been promoted to other regions on an ongoing basis. The Company efficiently propelled the development of the coordinated ports system covering the West Shenzhen Port Zone and the river ports in the Pearl River Delta region by integrating the functions of the blockchain platform of the coordinated port and the barge scheduling platform of the Pearl River Delta region, which helped significantly streamline trade and logistics development in the Greater Bay Area; With further consolidating the leading position of bulk cargo operations, the Company continued to rank first in terms of its domestic market share of imported wheat, meals and compound fertilizer. For Sri Lanka homebase port, the Company continued to promote the construction of the international shipping hubs in South Asia. CICT continued to optimize the structure of shipping routes by focusing on local volume of containers and consolidating the foundation and created a record high in terms of its market share of local containers; the Company continued to extend its industry chain and build a logistics ecosphere. With the official initiating of trade and logistics project in South Asia, the Company made efforts to transform it into a new business growth point. HIPG continued to strengthen its core competitiveness by enhancing its foundation of RORO operations and actively exploring RORO value-added services, and also collaborated with Sinopec in joint marketing of fuel oil , which contributed to a new breakthrough in refueling for main channel ships and a history high in the business volume of RORO vehicles and fuel oil. (2) In terms of technological innovation, promoting digital innovation and constructing smart port. CMIT, a subsidiary of the Company, continued to increase investment in R&D of technologies, steadily implemented the critical task to implement the structural upgrade of the Container Terminal Operation System (CTOS) of Ministry of Transport, continued to optimize the China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary) comprehensive service platform of “ CM ePort” , and constantly promoted management delegation of the Smart Management Platform (SMP). In 2023, significant results were made in implementing the critical task of CTOS; “CM ePort” succeeded in entirely covering the domestic master terminals controlled by the Company to provide customers with one-stop intelligent services; The construction of data base of CMPort, business process platform, data indicator platform and global monitoring center has been finished on the “SMP” platform, and was comprehensively applied into the process management and operation analysis of enterprises. The project won the first prize in the operation management category of the first State-Owned Enterprise Digital Scene Professional Competition by SASAC and the Special Award for Science and Technology Progress Award issued by the China Ports & Harbours Association in 2023. (3) In terms of overseas expansion, implementing key projects and making breakthroughs in key areas. In April 2023, an agreement on the South Asia Commercial and Logistics Hub in Colombo Port was officially signed. The project, with a total investment of US$392 million, is implemented by adopting the “Build-Operate-Transfer (BOT)” model, will provide a superior logistics and warehousing facility, and will offer the full gamut of services such as container disassembling and loading, bonded warehousing, free port operations, warehouse leasing and harbour trade logistics. The project will not only significantly improve the logistics services there, but will also attract more business and container volumes to Colombo Port, further strengthening the position of Colombo Port as an important hub in South Asia. In November 2023, China Merchants Port (a holding subsidiary of the Company) acquired 51% of the shares of PT Nusantara Pelabuhan Handal Tbk (NPH) at a consideration of approximately US$61.20 million and will become its controlling shareholder. NPH is a company listed on the Indonesia Stock Exchange and principally engaged in the provision of container, multipurpose and general terminal services and provision of engineering services for port equipment. It operates two container terminals at Jakarta Port, the largest port in Indonesia. This acquisition is a great progress for the Company to expand its business in Southeast Asia and will further enable the Company to share the dividends brought by the rapid development of the RCEP region. (4) In terms of operation management, facilitating intelligence-driven operation and deepening lean management. By taking SMP as a starting point, the Company built a one-stop comprehensive management platform of CMPort, supporting the business analysis of all modules, namely containers, bulk cargos, logistics park, comprehensive development and intelligent technology. SMP takes digital technology as the key force and applies smart tools to drive the transformation of means, modes and concepts of the operation and management of CMPort. At present, the Company has substantially realized the classification and management of information of lifetime of assets, the standardization and online presence of major business processes. Besides, the Company also optimizes the engineering management system and strengthens lifecycle management of major projects; optimizes its profitability and constantly developed measures to enhance its quality and efficiency; optimizes and reshapes its business and financial analysis framework to strictly control the increase of cost and expenses; deepens cost control to form a normalization mechanism of cost reduction and higher efficiency. The streamline operation of the Company has achieved phased results. (5) In terms of deepening reform, deeply implementing the “Double-Hundred Action” and stimulating Company vitality. The Company has deeply implemented the “Double-Hundred Action”. By focusing on "improving the core competitiveness of the enterprise and enhancing core functions", the Company developed a reform implementation plan of the "Double Hundred Action" for CMPort (2023-2025) and working record, specifying the goals, tasks, timetable and road map in China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary) China Merchants Port Group Co., Ltd. Annual Report 2023 (Summary)
 |