[三季报]招港B(201872):2024年第三季度报告(英文)

时间:2024年10月30日 17:55:23 中财网

原标题:招港B:2024年第三季度报告(英文)

China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
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, Huang Zhenzhou, the Company’s Chief Financial Officer and
Liu Shixia, 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

 Q3 2024YoY change (%)Q1-Q3 2024YoY change (%)
Operating revenue (RMB)4,191,147,919.015.84%12,166,341,002.653.50%
Net profit attributable to the1,189,284,910.16-4.63%3,736,113,366.2418.63%
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

listed company’s shareholders (RMB)    
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)1,191,951,524.77-0.77%3,356,097,317.7711.77%
Net cash generated from operating activities (RMB)5,400,158,942.8638.83%
Basic earnings per share (RMB/share)0.48-4.00%1.4918.25%
Diluted earnings per share (RMB/share)0.48-4.00%1.4918.25%
Weighted average return on equity (%)1.97%-0.21%6.22%0.58%
 30 September 202431 December 2023Change (%) 
Total assets (RMB)199,960,847,212.29198,557,296,667.260.71% 
Equity attributable to the listed company’s shareholders (RMB)61,107,844,741.7258,847,592,947.553.84% 
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)2,500,924,881
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)1.4939
(II) Exceptional Gains and Losses
Unit: RMB

ItemQ3 2024Q1-Q3 2024Note
Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)27,300,880.5925,048,852.15-
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)519,053.9581,605,565.68-
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

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)-45,372,186.28420,480,709.83-
Capital occupation charges on non-financial enterprises that are charged to current profit or loss22,999,452.6764,670,906.48-
Reversed portions of impairment allowances for receivables which are tested individually for impairment1,469,850.00318,705,080.14Mainly because a subsidiary of the Company received an operating compensation equivalent to RMB317,825,850 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 above8,278,588.76-4,746,107.98-
Less: Income tax effects-13,644,851.67111,056,635.74-
Non-controlling interests effects (net of tax)31,507,105.97414,692,322.09-
Total-2,666,614.61380,016,048.47--
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 items30 September 202431 December 2023ChangeExplanation of changes
Accounts receivable1,956,694,872.691,103,901,466.2577.25%Mainly due to impacts of the payment collection periods
Prepayments90,128,726.7837,664,552.30139.29%Mainly due to increased prepayment by subsidiary for engineering and construction
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

Inventories312,365,338.66218,898,192.8742.70%Mainly due to impacts of the changed scope of the consolidated financial statements
Other non-current financial assets538,287,019.17877,576,442.83-38.66%Mainly due to impacts of the sale of shareholdings and the changes in fair value
Notes payable6,178,733.2373,461,165.82-91.59%Mainly due to honouring of bank notes by subsidiary upon maturity
Dividends payable886,045,858.28111,897,214.27691.84%Mainly due to increased dividends payable to minority shareholders of subsidiaries
Lease liabilities1,449,611,596.091,001,172,206.9244.79%Mainly due to impacts of the changed scope of the consolidated financial statements
Income statement itemsQ1-Q3 2024Q1-Q3 2023ChangeExplanation of changes
Other income121,368,848.38198,189,876.87-38.76%Mainly due to impacts of receipt of container throughput subsidy by subsidiary last year
Gains from changes in fair value420,480,709.8366,751,559.22529.92%Mainly due to increased gains from changes in the fair value of other non-current financial assets held in the current period
Loss from impairment of credit323,301,702.32-11,125,698.903,005.90%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-Q3 2024Q1-Q3 2023ChangeExplanation of changes
Other cash receipts relating to operating activities968,472,321.45671,156,772.7144.30%Mainly because a subsidiary received an operating compensation from its minority shareholders in the current period
Other cash receipts relating16,265,719.243,174,261,589.34-99.49%Mainly due to recovery of
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

to investing activities   shareholder loan in the prior period, with no comparable event in the current period
Other cash payments relating to investing activities260,956,940.528,285,621.753,049.52%Mainly due to payment in the current period of taxes in relation to land expropriation in prior years
Cash receipts from capital contributions67,846,309.49170,298,000.00-60.16%Mainly due to a higher amount of investments from minority shareholders of subsidiaries in the prior period compared with this year
Other cash receipts relating to financing activities48,811,913.01332,582,769.65-85.32%Mainly due to a lower amount of receipts under finance leases in the current period compared with last year
Other cash payments relating to financing activities344,306,811.06951,492,124.48-63.81%Mainly due to a higher amount of payments for the acquisition of minority interests in subsidiaries in the prior period compared with this year
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 shareholders28,937 (18,727 A-shareholders, 10,210 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 erSharehol ding percenta geTotal shares heldRestricted shares heldShares in pledge, marked or frozen 
     StatusShares
CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITEDForeign legal person45.93%1,148,648,6480-0
ZHEJIANG PROVINCIAL SEAPORT INVESTMENT & OPERATION GROUP CO., LTD.State-own ed legal person23.06%576,709,537576,709,537-0
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD.State-own ed legal person14.83%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 person0.62%15,610,3680-0
AGRICULTURAL BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUNDFunds, wealth managem ent products, etc.0.18%4,573,7330-0
ZOU YANMINDomestic individual0.16%4,100,0000-0
CHINA MERCHANTS BANK CO., LTD.- CHINA SOUTHERN ALPHA MIXED TYPE SECURITIES INVESTMENT FUNDFunds, wealth managem ent products, etc.0.16%3,914,7000-0
HONG KONG SECURITIES CLEARING COMPANY LTD.Foreign legal person0.16%3,889,9200-0
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 ordinary370,878,000   
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

  share 
SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP)64,850,182RMB ordinary share64,850,182
BROADFORD GLOBAL LIMITED55,314,208Domestic ally listed foreign share55,314,208
CHINA-AFRICA DEVELOPMENT FUND15,610,368RMB ordinary share15,610,368
AGRICULTURAL BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUND4,573,733RMB ordinary share4,573,733
ZOU YANMIN4,100,000Domestic ally listed foreign share4,100,000
CHINA MERCHANTS BANK CO., LTD.- CHINA SOUTHERN ALPHA MIXED TYPE SECURITIES INVESTMENT FUND3,914,700RMB ordinary share3,914,700
HONG KONG SECURITIES CLEARING COMPANY LTD.3,889,920RMB ordinary share3,889,920
GU KUNYI2,752,166Domestic ally listed foreign share2,752,166
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)Not applicable  
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
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

 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%4,573,7330.18%00.00%
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
compared with the prior period
□ Applicable √ Not applicable
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
III Other Significant Events
In order to implement the requirements of the State Council’s “Opinions on Strengthening Supervision and Preventing Risks and Promoting High-Quality Development of the Capital Market” and “Opinions on Further Improving the Quality of Listed Companies”, the Company has formulated the action plan for “Dual Enhancement of Development Quality and Investor Returns”, with a view to continuously improving the quality of the Company, enhancing the returns to investors, ensuring that relevant stakeholders share the fruits of the Company’s development, and achieving sustainable development. For details, please refer to the “Announcement on the Initiation
of the Action Plan for “Dual Enhancement of Development Quality and Investor Returns” (Announcement No. 2024-068) disclosed on www.cninfo.com.cn. China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

Item30 September 20241 January 2024
Current assets:  
Cash and bank balances15,516,640,683.9016,079,646,178.24
Settlement reserve  
Interbank loans granted  
Held-for-trading financial assets4,315,022,215.004,568,806,108.84
Derivative financial assets  
Notes receivable264,891,494.54325,150,195.09
Accounts receivable1,956,694,872.691,103,901,466.25
Receivables financing0.002,001,669.46
Prepayments90,128,726.7837,664,552.30
Premiums receivable  
Reinsurance receivables  
Receivable reinsurance contract  
reserve Other receivables983,039,393.13940,014,994.01
Including: Interest receivable  
Dividend receivable312,202,788.64343,386,866.06
Financial assets purchased under  
resale agreements Inventories312,365,338.66218,898,192.87
Including: Data resource  
Contract assets  
Assets held for sale  
Non-current assets due within one year17,723,148.7817,451,380.98
Other current assets212,623,235.01189,673,500.87
Total current assets23,669,129,108.4923,483,208,238.91
Non-current assets:  
Loans and advances to customers  
Investments in debt obligations  
Investments in other debt obligations  
Long-term receivables3,900,762,679.963,856,466,116.99
Long-term equity investments99,405,435,948.7796,666,117,776.27
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

Investments in other equity157,461,648.16157,461,648.16
instruments Other non-current financial assets538,287,019.17877,576,442.83
Investment properties4,819,306,281.344,958,374,968.79
Fixed assets29,324,862,489.4328,986,538,326.35
Construction in progress2,611,022,328.842,909,817,281.46
Productive living assets  
Oil and gas assets  
Right-of-use assets9,105,570,917.159,441,668,311.22
Intangible assets17,764,995,803.6218,073,062,184.72
Including: Data resource  
Development expenditure41,636,877.1950,990,153.18
Including: Data resource  
Goodwill6,151,546,892.486,493,002,246.44
Long-term prepaid expenses937,569,948.82993,793,505.29
Deferred tax assets404,079,673.49415,063,477.03
Other non-current assets1,129,179,595.381,194,155,989.62
Total non-current assets176,291,718,103.80175,074,088,428.35
Total assets199,960,847,212.29198,557,296,667.26
Current liabilities:  
Short-term borrowings12,872,579,860.2515,714,045,288.97
Borrowings from the central bank  
Interbank loans obtained  
Held-for-trading financial liabilities  
Derivative financial liabilities  
Notes payable6,178,733.2373,461,165.82
Accounts payable593,074,106.27691,765,137.25
Receipts in advance23,691,114.3217,387,537.36
Contract liabilities172,961,910.68142,080,101.00
Financial assets sold under repurchase  
agreements Customer deposits and interbank  
deposits Payables for acting trading of  
securities Payables for underwriting of securities  
Employee benefits payable966,322,584.38917,964,606.65
Taxes payable825,547,489.93923,053,572.50
Other payables2,640,793,142.681,654,622,170.02
Including: Interest payable  
Dividends payable886,045,858.28111,897,214.27
Handling charges and commissions  
payable Reinsurance payables  
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

Liabilities directly associated with  
assets held for sale Non-current liabilities due within one9,642,749,198.426,817,404,289.25
year Other current liabilities2,138,010,085.062,143,842,534.53
Total current liabilities29,881,908,225.2229,095,626,403.35
Non-current liabilities:  
Insurance contract reserve  
Long-term borrowings16,259,359,834.7818,227,543,954.71
Bonds payable13,689,012,145.4614,287,508,564.15
Including: Preferred shares  
Perpetual bonds  
Lease liabilities1,449,611,596.091,001,172,206.92
Long-term payables3,445,175,287.153,822,862,202.17
Long-term employee benefits payable587,837,347.55603,009,921.91
Provisions105,279,334.8885,590,059.41
Deferred income987,408,736.271,024,776,557.73
Deferred tax liabilities4,852,349,006.024,659,638,104.37
Other non-current liabilities175,753,477.65179,634,263.73
Total non-current liabilities41,551,786,765.8543,891,735,835.10
Total liabilities71,433,694,991.0772,987,362,238.45
Shareholders' equity:  
Share capital2,500,924,881.002,499,074,661.00
Other equity instruments  
Including: Preferred shares  
Perpetual bonds  
Capital reserve37,343,740,420.1237,076,846,803.06
Less: Treasury stock  
Other comprehensive income-1,219,661,984.90-903,626,594.35
Special reserve55,713,466.8134,003,994.41
Surplus reserves1,095,980,563.681,095,980,563.68
General reserve  
Unappropriated profit21,331,147,395.0119,045,313,519.75
Total shareholders' equity attributable to61,107,844,741.7258,847,592,947.55
shareholders of the parent Minority interests67,419,307,479.5066,722,341,481.26
Total shareholders' equity128,527,152,221.22125,569,934,428.81
Total liabilities and shareholders' equity199,960,847,212.29198,557,296,667.26
Legal Representative: Xu Song
Chief Financial Officer: Huang Zhenzhou
Head of Accounting Department: Liu Shixia
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024

ItemQ1~Q3 2024Q1~Q3 2023
1. Operating income12,166,341,002.6511,755,307,434.70
Including: Operating income12,166,341,002.6511,755,307,434.70
Interest income  
Premium income  
Handling charge and commission income  
2. Costs and expenses9,668,622,334.009,779,572,277.81
Including: Operating costs6,724,742,007.366,791,358,487.08
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 surcharges243,239,281.56220,492,182.67
Selling expense  
Administrative expenses1,221,499,434.981,216,242,310.86
Research and development expenses129,428,104.22159,294,326.98
Finance expenses1,349,713,505.881,392,184,970.22
Including: Interest expense1,670,913,976.251,656,923,837.50
Interest income353,798,409.79395,605,388.12
Add: Other income121,368,848.38198,189,876.87
Investment income (Loss is marked with "-")5,012,672,259.885,271,674,585.50
Including: Income from investments in associates and joint ventures4,932,627,649.094,954,944,249.39
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 fair420,480,709.8366,751,559.22
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024 (未完)
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