[一季报]招港B(201872):2024年第一季度报告（英文）

 时间：2024年04月30日 20:10:35 中财网

原标题:招港B:2024年第一季度报告（英文）

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2024-035 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. Xu Song, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer and Hu
Shaode, 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. Matters with modified audit opinions issued by independent auditors □ Applicable √ Not applicable
5. Securities Times, China Securities Journal, Shanghai Securities News 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

　Q1 2024Q1 2023YoY change (%)
Operating revenue (RMB)3,866,684,797.873,693,584,257.974.69%
Net profit attributable to the listed company’s1,036,713,969.25850,039,606.1821.96%
shareholders (RMB)　　　
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)812,854,501.46724,465,592.7212.20%
Net cash generated from/used in operating activities (RMB)1,423,655,572.28699,050,929.84103.66%
Basic earnings per share (RMB/share)0.410.3420.59%
Diluted earnings per share (RMB/share)0.410.3420.59%
Weighted average return on equity (%)1.75%1.55%0.20%
　31 March 202431 December 2023Change (%)
Total assets (RMB)198,638,385,104.09198,557,296,667.260.04%
Equity attributable to the listed company’s shareholders (RMB)59,888,490,490.7458,847,592,947.551.77%
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)2,499,724,804
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)0.4147
(II) Exceptional Gains and Losses
Unit: RMB

ItemQ1 2024Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)-509,415.42-
Government grants recognised in profit or loss (exclusive of those that are closely related to the Company's normal business operations and given in accordance with defined criteria and in compliance with government policies, and have a continuing impact on the Company's profit or loss)5,676,827.59-
Gain or loss on fair-value changes in financial assets and liabilities held by a non-financial enterprise, as well as on disposal of financial assets and liabilities (exclusive of the effective portion of hedges that is related to the Company's normal business operations)147,051,320.93-
Capital occupation charges on non-financial enterprises that are charged to current profit or loss19,787,639.78-
Reversed portions of impairment allowances for receivables which are tested individually for impairment317,519,170.00A subsidiary of the Company received an operating compensation equivalent to RMB317,519,170.00 from its minority shareholders in the current period, and the full-amount provision for the relevant loss from impairment of credit established in the prior period was reversed.
Non-operating income and expense other than the above1,737,692.13-
Less: Income tax effects37,859,691.10-
Non-controlling interests effects (net of tax)229,544,076.12-
Total223,859,467.79--
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 202431 December 2023ChangeExplanation of changes
Notes receivable227,127,818.35325,150,195.09-30.15%Mainly due to decreased bank acceptance notes
Accounts receivable1,671,217,975.971,103,901,466.2551.39%Mainly due to impacts of the payment collection periods
Other current liabilities110,280,098.932,143,842,534.53-94.86%Mainly due to repayment of super-short-term commercial papers
Income statement itemsQ1 2024Q1 2023ChangeExplanation of changes
Gains from changes in fair value147,051,320.93109,115,343.1334.77%Mainly due to increased gains from changes in the fair value of other non-current financial assets
　　　　held in the current period
Gains from impairment of credit317,386,566.398,422,477.293,668.33%Mainly because a subsidiary received an operating compensation from its minority shareholders in the current period, and the relevant impairment provision established in the prior period was reversed
Cash flow statement itemsQ1 2024Q1 2023ChangeExplanation of changes
Other cash receipts relating to operating activities610,116,372.00220,128,477.02177.16%Mainly due to receipt of operating compensation in the current period
Payments of various types of taxes355,441,610.42261,077,771.5936.14%Mainly due to increased taxes and levies paid in the current period
Cash receipts from investments income422,126,527.10291,354,548.8544.88%Mainly due to increased dividend income from joint ventures and associates in the current period
Cash repayments of borrowings5,453,578,743.453,402,675,379.9060.27%Mainly due to increased repayments of short-term borrowings in the current period
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 shareholders30,273 (19,418 A-shareholders, 10,855 B-shareholders)Number of preferred shareholders with resumed voting rights (if any)0　　　
Top 10 shareholders (exclusive of shares lent in refinancing)　　　　　　
Name of shareholderNature of sharehold erShareh olding percent ageTotal shares heldRestricted shares heldShares in pledge, marked or frozen　
　　　　　StatusShares
CHINA MERCHANTS PORTForeign45.96%1,148,648,6480-0
INVESTMENT DEVELOPMENT COMPANY LIMITEDlegal person　　　　　
ZHEJIANG PROVINCIAL SEAPORT INVESTMENT & OPERATION GROUP CO., LTD.State-own ed legal person23.07%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 products, etc.2.59%64,850,1820-0
BROADFORD GLOBAL LIMITEDState-own ed legal person2.21%55,314,2080-0
CHINA-AFRICA DEVELOPMENT FUNDState-own ed legal person1.66%41,447,9520-0
CHINA LIFE INSURANCE COMPANY LIMITED-TRADITION- GENERAL INSURANCE PRODUCTS-005L- CT001 HUFunds, wealth managem ent products, etc.0.24%6,008,7220-0
HONG KONG SECURITIES CLEARING COMPANY LTD.Foreign legal person0.17%4,352,4620-0
AGRICULTURAL BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUNDFunds, wealth managem ent products, etc.0.12%2,982,2330-0
CHINA MERCHANTS SECURITIES (HK) CO., LTD.Foreign legal person0.11%2,664,7750-0
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
BROADFORD GLOBAL LIMITED55,314,208Domestically listed foreign share55,314,208
CHINA-AFRICA DEVELOPMENT FUND41,447,952RMB ordinary share41,447,952
CHINA LIFE INSURANCE COMPANY LIMITED-TRADITION- GENERAL INSURANCE PRODUCTS-005L- CT001 HU6,008,722RMB ordinary share6,008,722
HONG KONG SECURITIES CLEARING COMPANY LTD.4,352,462RMB ordinary share4,352,462
AGRICULTURAL BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUND2,982,233RMB ordinary share2,982,233
CHINA MERCHANTS SECURITIES (HK) CO., LTD.2,664,775Domestically listed foreign share2,664,775
MAI SHUQING2,060,000RMB ordinary share2,060,000
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)At the end of the Reporting Period, the shareholder of the Company, Mai Shuqing held 2,060,000 shares through the customer credit transaction secured securities account in China Merchants Securities Co., Ltd.　　
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing
shares lending

5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending　　　　
Full name of shareholderShares in the common account and credit account at the period-beginShares lent in refinancing and not yet returned at the period-beginShares in the common account and credit account at the period-endShares lent in refinancing and not yet returned at the period-end

　Total sharesAs % of total share capitalTotal sharesAs % of total share capitalTotal sharesAs % of total share capitalTotal sharesAs % of total share capital
AGRICUL TURAL BANK OF CHINA CO., LTD.- CHINA SECURITI ES 500 EXCHAN GE TRADED FUND1,291,0330.05%374,4000.01%2,982,2330.12%212,2000.01%
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
compared with the prior period

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the end of the prior period　　　　　
Full name of shareholderNewly added to or exiting from top 10 shareholders in the Reporting PeriodShares lent in refinancing and not yet returned at the period-end　Shares in the common account and credit account plus shares lent in refinancing and not yet returned at the period-end　
　　Total sharesAs % of total share capitalTotal sharesAs % of total share capital
AGRICULTURA L BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUNDNewly added212,2000.01%3,194,4330.13%
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
III Other Significant Events
□ Applicable √ Not applicable
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
31 March 2024
Unit: RMB

Item31 March 20241 January 2024
Current assets:　　
Cash and bank balances16,026,440,664.5816,079,646,178.24
Settlement reserve　　
Interbank loans granted　　
Held-for-trading financial assets4,129,917,125.274,568,806,108.84
Derivative financial assets　　
Notes receivable227,127,818.35325,150,195.09
Accounts receivable1,671,217,975.971,103,901,466.25
Receivables financing1,000,000.002,001,669.46
Prepayments68,053,788.1037,664,552.30
Premiums receivable　　
Reinsurance receivables　　
Receivable reinsurance contract　　
reserve Other receivables951,725,058.26940,014,994.01
Including: Interest receivable　　
Dividend receivable387,067,456.00343,386,866.06
Financial assets purchased under　　
resale agreements Inventories242,141,966.43218,898,192.87
Including: Data resource　　
Contract assets　　
Assets held for sale　　
Non-current assets due within one year10,441,423.2917,451,380.98
Other current assets185,193,405.33189,673,500.87
Total current assets23,513,259,225.5823,483,208,238.91
Non-current assets:　　
Loans and advances to customers　　
Investments in debt obligations　　
Investments in other debt obligations　　
Long-term receivables3,827,170,928.933,856,466,116.99
Long-term equity investments97,455,076,589.0096,666,117,776.27
Investments in other equity157,461,648.16157,461,648.16
instruments Other non-current financial assets1,014,890,568.90877,576,442.83
Investment properties4,912,483,164.074,958,374,968.79
Fixed assets29,039,247,473.4128,986,538,326.35
Construction in progress3,036,105,367.952,909,817,281.46
Productive living assets　　
Oil and gas assets　　
Right-of-use assets8,890,710,388.109,441,668,311.22
Intangible assets17,790,154,905.5518,073,062,184.72
Including: Data resource　　
Development expenditure39,872,198.2650,990,153.18
Including: Data resource　　
Goodwill6,411,089,501.366,493,002,246.44
Long-term prepaid expenses970,690,902.36993,793,505.29
Deferred tax assets407,926,605.73415,063,477.03
Other non-current assets1,172,245,636.731,194,155,989.62
Total non-current assets175,125,125,878.51175,074,088,428.35
Total assets198,638,385,104.09198,557,296,667.26
Current liabilities:　　
Short-term borrowings14,603,025,220.2015,714,045,288.97
Borrowings from the central bank　　
Interbank loans obtained　　
Held-for-trading financial liabilities　　
Derivative financial liabilities　　
Notes payable68,114,463.6773,461,165.82
Accounts payable573,706,141.81691,765,137.25
Receipts in advance30,171,471.2017,387,537.36
Contract liabilities124,907,447.34142,080,101.00
Financial assets sold under repurchase　　
agreements Customer deposits and interbank　　
deposits Payables for acting trading of　　
securities Payables for underwriting of securities　　
Employee benefits payable685,846,776.74917,964,606.65
Taxes payable954,759,286.92923,053,572.50
Other payables1,790,561,708.071,654,622,170.02
Including: Interest payable　　
Dividends payable220,460,033.48111,897,214.27
Handling charges and commissions　　
payable Reinsurance payables　　
Liabilities directly associated with　　
assets held for sale Non-current liabilities due within one7,540,348,321.856,817,404,289.25
year Other current liabilities110,280,098.932,143,842,534.53
Total current liabilities26,481,720,936.7329,095,626,403.35
Non-current liabilities:　　
Insurance contract reserve　　
Long-term borrowings19,241,184,994.8918,227,543,954.71
Bonds payable14,317,279,918.8314,287,508,564.15
Including: Preferred shares　　
Perpetual bonds　　
Lease liabilities1,004,191,544.131,001,172,206.92
Long-term payables3,797,092,411.243,822,862,202.17
Long-term employee benefits payable594,007,488.52603,009,921.91
Provisions87,601,880.9085,590,059.41
Deferred income1,012,942,747.711,024,776,557.73
Deferred tax liabilities4,725,914,683.384,659,638,104.37
Other non-current liabilities172,959,397.04179,634,263.73
Total non-current liabilities44,953,175,066.6443,891,735,835.10
Total liabilities71,434,896,003.3772,987,362,238.45
Shareholders' equity:　　
Share capital2,499,462,404.002,499,074,661.00
Other equity instruments　　
Including: Preferred shares　　
Perpetual bonds　　
Capital reserve37,188,775,808.8237,076,846,803.06
Less: Treasury stock　　
Other comprehensive income-1,021,724,860.11-903,626,594.35
Special reserve43,969,085.3534,003,994.41
Surplus reserves1,095,980,563.681,095,980,563.68
General reserve　　
Unappropriated profit20,082,027,489.0019,045,313,519.75
Total shareholders' equity attributable to59,888,490,490.7458,847,592,947.55
shareholders of the parent Minority interests67,314,998,609.9866,722,341,481.26
Total shareholders' equity127,203,489,100.72125,569,934,428.81
Total liabilities and shareholders' equity198,638,385,104.09198,557,296,667.26
Legal Representative: Xu Song
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Hu Shaode

2. Consolidated income statement for Q1
Unit: RMB

ItemQ1 2024Q1 2023
1. Operating income3,866,684,797.873,693,584,257.97
Including: Operating income3,866,684,797.873,693,584,257.97
Interest income　　
Premium income　　
Handling charge and commission income　　
2. Costs and expenses3,245,856,053.423,256,430,499.35
Including: Operating costs2,166,647,172.052,166,281,506.75
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 surcharges80,797,651.0167,797,717.75
Selling expense　　
Administrative expenses404,257,134.50390,562,146.01
Research and development expenses38,342,010.5769,022,878.81
Finance expenses555,812,085.29562,766,250.03
Including: Interest expense593,698,496.94556,633,136.12
Interest income107,481,452.37118,478,939.42
Add: Other income19,365,152.1330,192,445.16
Investment income (Loss is marked with "-")1,324,200,287.751,510,612,568.31
Including: Income from investments in associates and joint ventures1,309,684,765.641,496,344,186.35
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 marked with "-" )147,051,320.93109,115,343.13
Gains from impairment of credit (Loss is marked with "-" )317,386,566.398,422,477.29
Gains from impairment of assets (Loss is marked with "-" )　　
Gains on disposal of assets (Loss is marked with "-" )569,564.20-180,393.80
3. Operating profit (Loss is marked with "-")2,429,401,635.852,095,316,198.71
Add: Non-operating income6,269,913.8510,147,277.67
Less: Non-operating expenses5,611,201.3414,882,144.37
4. Gross profit (Loss is marked with "-")2,430,060,348.362,090,581,332.01
Less: Income tax expenses339,494,816.71286,862,164.52
5. Net profit (Loss is marked with "-")2,090,565,531.651,803,719,167.49
5.1 Categorization by continuity of operation　　
5.1.1 Net profit from continuing operation (Loss is marked with "-")2,090,565,531.651,803,719,167.49
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 parent1,036,713,969.25850,039,606.18
5.2.2 Profit or loss attributable to minority shareholders1,053,851,562.40953,679,561.31
6. Other comprehensive income, net of tax-295,783,519.94-37,702,507.44
Other comprehensive income attributable to owners of the parent, net of tax-118,098,265.7615,507,228.67
6.1 Other comprehensive income that will not be reclassified to profit or loss　277,536.18
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 method　277,536.18
6.1.3 Fair value changes of investments in other equity instruments　　
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 loss-118,098,265.7615,229,692.49
6.2.1 Other comprehensive income that can be reclassified to profit or loss under the equity method-1,208,564.986,647,720.36
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 currencies-116,889,700.788,581,972.13
6.2.7 Other　　
Other comprehensive income attributable to minority interests, net of tax-177,685,254.18-53,209,736.11
7. Total comprehensive income attributable to1,794,782,011.711,766,016,660.05
Shareholders of the parent918,615,703.49865,546,834.85
Minority shareholders876,166,308.22900,469,825.20
8. Earnings per share　　
8.1 Basic earnings per share0.410.34
8.2 Diluted earnings per share0.410.34
3. Consolidated Cash Flow Statement for Q1 （未完）
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