[三季报]招港B(201872):2024年第三季度报告(英文)
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时间:2024年10月30日 17:55:23 中财网 |
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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 2024 | YoY change (%) | Q1-Q3 2024 | YoY change (%) | Operating revenue
(RMB) | 4,191,147,919.01 | 5.84% | 12,166,341,002.65 | 3.50% | Net profit
attributable to the | 1,189,284,910.16 | -4.63% | 3,736,113,366.24 | 18.63% |
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% | 3,356,097,317.77 | 11.77% | Net cash generated
from operating
activities (RMB) | — | — | 5,400,158,942.86 | 38.83% | Basic earnings per
share (RMB/share) | 0.48 | -4.00% | 1.49 | 18.25% | Diluted earnings
per share
(RMB/share) | 0.48 | -4.00% | 1.49 | 18.25% | Weighted average
return on equity (%) | 1.97% | -0.21% | 6.22% | 0.58% | | 30 September 2024 | 31 December 2023 | Change (%) | | Total assets (RMB) | 199,960,847,212.29 | 198,557,296,667.26 | 0.71% | | Equity attributable
to the listed
company’s
shareholders
(RMB) | 61,107,844,741.72 | 58,847,592,947.55 | 3.84% | |
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
Item | Q3 2024 | Q1-Q3 2024 | Note | Gain or loss on disposal of
non-current assets (inclusive of
impairment allowance write-offs) | 27,300,880.59 | 25,048,852.15 | - | 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) | 519,053.95 | 81,605,565.68 | - |
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) | -45,372,186.28 | 420,480,709.83 | - | Capital occupation charges on
non-financial enterprises that are
charged to current profit or loss | 22,999,452.67 | 64,670,906.48 | - | Reversed portions of impairment
allowances for receivables which are
tested individually for impairment | 1,469,850.00 | 318,705,080.14 | Mainly 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 above | 8,278,588.76 | -4,746,107.98 | - | Less: Income tax effects | -13,644,851.67 | 111,056,635.74 | - | Non-controlling interests effects
(net of tax) | 31,507,105.97 | 414,692,322.09 | - | Total | -2,666,614.61 | 380,016,048.47 | -- |
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 items | 30 September 2024 | 31 December 2023 | Change | Explanation of changes | Accounts receivable | 1,956,694,872.69 | 1,103,901,466.25 | 77.25% | Mainly due to impacts of the
payment collection periods | Prepayments | 90,128,726.78 | 37,664,552.30 | 139.29% | 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
Inventories | 312,365,338.66 | 218,898,192.87 | 42.70% | Mainly due to impacts of the
changed scope of the
consolidated financial
statements | Other non-current financial
assets | 538,287,019.17 | 877,576,442.83 | -38.66% | Mainly due to impacts of the
sale of shareholdings and the
changes in fair value | Notes payable | 6,178,733.23 | 73,461,165.82 | -91.59% | Mainly due to honouring of
bank notes by subsidiary upon
maturity | Dividends payable | 886,045,858.28 | 111,897,214.27 | 691.84% | Mainly due to increased
dividends payable to minority
shareholders of subsidiaries | Lease liabilities | 1,449,611,596.09 | 1,001,172,206.92 | 44.79% | Mainly due to impacts of the
changed scope of the
consolidated financial
statements | Income statement items | Q1-Q3 2024 | Q1-Q3 2023 | Change | Explanation of changes | Other income | 121,368,848.38 | 198,189,876.87 | -38.76% | Mainly due to impacts of receipt
of container throughput subsidy
by subsidiary last year | Gains from changes in fair
value | 420,480,709.83 | 66,751,559.22 | 529.92% | 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
credit | 323,301,702.32 | -11,125,698.90 | 3,005.90% | 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 items | Q1-Q3 2024 | Q1-Q3 2023 | Change | Explanation of changes | Other cash receipts relating
to operating activities | 968,472,321.45 | 671,156,772.71 | 44.30% | Mainly because a subsidiary
received an operating
compensation from its minority
shareholders in the current
period | Other cash receipts relating | 16,265,719.24 | 3,174,261,589.34 | -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
activities | 260,956,940.52 | 8,285,621.75 | 3,049.52% | Mainly due to payment in the
current period of taxes in
relation to land expropriation in
prior years | Cash receipts from capital
contributions | 67,846,309.49 | 170,298,000.00 | -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 activities | 48,811,913.01 | 332,582,769.65 | -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
activities | 344,306,811.06 | 951,492,124.48 | -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
shareholders | 28,937
(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 shareholder | Nature of
sharehold
er | Sharehol
ding
percenta
ge | Total shares held | Restricted
shares held | Shares in pledge, marked or
frozen | | | | | | | Status | Shares | CHINA MERCHANTS PORT
INVESTMENT DEVELOPMENT
COMPANY LIMITED | Foreign
legal
person | 45.93% | 1,148,648,648 | 0 | - | 0 | ZHEJIANG PROVINCIAL
SEAPORT INVESTMENT &
OPERATION GROUP CO., LTD. | State-own
ed legal
person | 23.06% | 576,709,537 | 576,709,537 | - | 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
person | 14.83% | 370,878,000 | 0 | - | 0 | SHENZHEN INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN
INFRASTRUCTURE
INVESTMENT FUND
PARTNERSHIP (LIMITED
PARTNERSHIP) | Funds,
wealth
managem
ent
products,
etc. | 2.59% | 64,850,182 | 0 | - | 0 | BROADFORD GLOBAL LIMITED | State-own
ed legal
person | 2.21% | 55,314,208 | 0 | - | 0 | CHINA-AFRICA DEVELOPMENT
FUND | State-own
ed legal
person | 0.62% | 15,610,368 | 0 | - | 0 | AGRICULTURAL BANK OF
CHINA CO., LTD.- CHINA
SECURITIES 500 EXCHANGE
TRADED FUND | Funds,
wealth
managem
ent
products,
etc. | 0.18% | 4,573,733 | 0 | - | 0 | ZOU YANMIN | Domestic
individual | 0.16% | 4,100,000 | 0 | - | 0 | CHINA MERCHANTS BANK CO.,
LTD.- CHINA SOUTHERN
ALPHA MIXED TYPE
SECURITIES INVESTMENT
FUND | Funds,
wealth
managem
ent
products,
etc. | 0.16% | 3,914,700 | 0 | - | 0 | HONG KONG SECURITIES
CLEARING COMPANY LTD. | Foreign
legal
person | 0.16% | 3,889,920 | 0 | - | 0 | Top 10 unrestricted shareholders | | | | | | | Name of shareholder | Unrestricted shares held | Shares by type | | | | | | | Type | Shares | | | | CHINA MERCHANTS PORT INVESTMENT
DEVELOPMENT COMPANY LIMITED | 1,148,648,648 | RMB
ordinary
share | 1,148,648,648 | | | | CHINA MERCHANTS GANGTONG
DEVELOPMENT (SHENZHEN) CO., LTD. | 370,878,000 | RMB
ordinary | 370,878,000 | | | |
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) | 64,850,182 | RMB
ordinary
share | 64,850,182 | BROADFORD GLOBAL LIMITED | 55,314,208 | Domestic
ally listed
foreign
share | 55,314,208 | CHINA-AFRICA DEVELOPMENT FUND | 15,610,368 | RMB
ordinary
share | 15,610,368 | AGRICULTURAL BANK OF CHINA CO.,
LTD.- CHINA SECURITIES 500 EXCHANGE
TRADED FUND | 4,573,733 | RMB
ordinary
share | 4,573,733 | ZOU YANMIN | 4,100,000 | Domestic
ally listed
foreign
share | 4,100,000 | CHINA MERCHANTS BANK CO., LTD.-
CHINA SOUTHERN ALPHA MIXED TYPE
SECURITIES INVESTMENT FUND | 3,914,700 | RMB
ordinary
share | 3,914,700 | HONG KONG SECURITIES CLEARING
COMPANY LTD. | 3,889,920 | RMB
ordinary
share | 3,889,920 | GU KUNYI | 2,752,166 | Domestic
ally listed
foreign
share | 2,752,166 | Related or acting-in-concert
parties among the shareholders
above | Broadford 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
shareholder | Shares in the common
account and credit account
at the period-begin | Shares lent in refinancing
and not yet returned at the
period-begin | Shares in the common
account and credit account
at the period-end | Shares 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
shares | As % of
total share
capital | Total
shares | As % of
total share
capital | Total
shares | As % of
total share
capital | Total
shares | As % of
total share
capital | AGRICUL
TURAL
BANK OF
CHINA
CO., LTD.-
CHINA
SECURITI
ES 500
EXCHAN
GE
TRADED
FUND | 1,291,033 | 0.05% | 374,400 | 0.01% | 4,573,733 | 0.18% | 0 | 0.00% |
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
Item | 30 September 2024 | 1 January 2024 | Current assets: | | | Cash and bank balances | 15,516,640,683.90 | 16,079,646,178.24 | Settlement reserve | | | Interbank loans granted | | | Held-for-trading financial assets | 4,315,022,215.00 | 4,568,806,108.84 | Derivative financial assets | | | Notes receivable | 264,891,494.54 | 325,150,195.09 | Accounts receivable | 1,956,694,872.69 | 1,103,901,466.25 | Receivables financing | 0.00 | 2,001,669.46 | Prepayments | 90,128,726.78 | 37,664,552.30 | Premiums receivable | | | Reinsurance receivables | | | Receivable reinsurance contract | | | reserve
Other receivables | 983,039,393.13 | 940,014,994.01 | Including: Interest receivable | | | Dividend receivable | 312,202,788.64 | 343,386,866.06 | Financial assets purchased under | | | resale agreements
Inventories | 312,365,338.66 | 218,898,192.87 | Including: Data resource | | | Contract assets | | | Assets held for sale | | | Non-current assets due within one year | 17,723,148.78 | 17,451,380.98 | Other current assets | 212,623,235.01 | 189,673,500.87 | Total current assets | 23,669,129,108.49 | 23,483,208,238.91 | Non-current assets: | | | Loans and advances to customers | | | Investments in debt obligations | | | Investments in other debt obligations | | | Long-term receivables | 3,900,762,679.96 | 3,856,466,116.99 | Long-term equity investments | 99,405,435,948.77 | 96,666,117,776.27 |
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 equity | 157,461,648.16 | 157,461,648.16 | instruments
Other non-current financial assets | 538,287,019.17 | 877,576,442.83 | Investment properties | 4,819,306,281.34 | 4,958,374,968.79 | Fixed assets | 29,324,862,489.43 | 28,986,538,326.35 | Construction in progress | 2,611,022,328.84 | 2,909,817,281.46 | Productive living assets | | | Oil and gas assets | | | Right-of-use assets | 9,105,570,917.15 | 9,441,668,311.22 | Intangible assets | 17,764,995,803.62 | 18,073,062,184.72 | Including: Data resource | | | Development expenditure | 41,636,877.19 | 50,990,153.18 | Including: Data resource | | | Goodwill | 6,151,546,892.48 | 6,493,002,246.44 | Long-term prepaid expenses | 937,569,948.82 | 993,793,505.29 | Deferred tax assets | 404,079,673.49 | 415,063,477.03 | Other non-current assets | 1,129,179,595.38 | 1,194,155,989.62 | Total non-current assets | 176,291,718,103.80 | 175,074,088,428.35 | Total assets | 199,960,847,212.29 | 198,557,296,667.26 | Current liabilities: | | | Short-term borrowings | 12,872,579,860.25 | 15,714,045,288.97 | Borrowings from the central bank | | | Interbank loans obtained | | | Held-for-trading financial liabilities | | | Derivative financial liabilities | | | Notes payable | 6,178,733.23 | 73,461,165.82 | Accounts payable | 593,074,106.27 | 691,765,137.25 | Receipts in advance | 23,691,114.32 | 17,387,537.36 | Contract liabilities | 172,961,910.68 | 142,080,101.00 | Financial assets sold under repurchase | | | agreements
Customer deposits and interbank | | | deposits
Payables for acting trading of | | | securities
Payables for underwriting of securities | | | Employee benefits payable | 966,322,584.38 | 917,964,606.65 | Taxes payable | 825,547,489.93 | 923,053,572.50 | Other payables | 2,640,793,142.68 | 1,654,622,170.02 | Including: Interest payable | | | Dividends payable | 886,045,858.28 | 111,897,214.27 | 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 one | 9,642,749,198.42 | 6,817,404,289.25 | year
Other current liabilities | 2,138,010,085.06 | 2,143,842,534.53 | Total current liabilities | 29,881,908,225.22 | 29,095,626,403.35 | Non-current liabilities: | | | Insurance contract reserve | | | Long-term borrowings | 16,259,359,834.78 | 18,227,543,954.71 | Bonds payable | 13,689,012,145.46 | 14,287,508,564.15 | Including: Preferred shares | | | Perpetual bonds | | | Lease liabilities | 1,449,611,596.09 | 1,001,172,206.92 | Long-term payables | 3,445,175,287.15 | 3,822,862,202.17 | Long-term employee benefits payable | 587,837,347.55 | 603,009,921.91 | Provisions | 105,279,334.88 | 85,590,059.41 | Deferred income | 987,408,736.27 | 1,024,776,557.73 | Deferred tax liabilities | 4,852,349,006.02 | 4,659,638,104.37 | Other non-current liabilities | 175,753,477.65 | 179,634,263.73 | Total non-current liabilities | 41,551,786,765.85 | 43,891,735,835.10 | Total liabilities | 71,433,694,991.07 | 72,987,362,238.45 | Shareholders' equity: | | | Share capital | 2,500,924,881.00 | 2,499,074,661.00 | Other equity instruments | | | Including: Preferred shares | | | Perpetual bonds | | | Capital reserve | 37,343,740,420.12 | 37,076,846,803.06 | Less: Treasury stock | | | Other comprehensive income | -1,219,661,984.90 | -903,626,594.35 | Special reserve | 55,713,466.81 | 34,003,994.41 | Surplus reserves | 1,095,980,563.68 | 1,095,980,563.68 | General reserve | | | Unappropriated profit | 21,331,147,395.01 | 19,045,313,519.75 | Total shareholders' equity attributable to | 61,107,844,741.72 | 58,847,592,947.55 | shareholders of the parent
Minority interests | 67,419,307,479.50 | 66,722,341,481.26 | Total shareholders' equity | 128,527,152,221.22 | 125,569,934,428.81 | Total liabilities and shareholders' equity | 199,960,847,212.29 | 198,557,296,667.26 |
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
Item | Q1~Q3 2024 | Q1~Q3 2023 | 1. Operating income | 12,166,341,002.65 | 11,755,307,434.70 | Including: Operating income | 12,166,341,002.65 | 11,755,307,434.70 | Interest income | | | Premium income | | | Handling charge and
commission income | | | 2. Costs and expenses | 9,668,622,334.00 | 9,779,572,277.81 | Including: Operating costs | 6,724,742,007.36 | 6,791,358,487.08 | 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 surcharges | 243,239,281.56 | 220,492,182.67 | Selling expense | | | Administrative expenses | 1,221,499,434.98 | 1,216,242,310.86 | Research and
development expenses | 129,428,104.22 | 159,294,326.98 | Finance expenses | 1,349,713,505.88 | 1,392,184,970.22 | Including: Interest
expense | 1,670,913,976.25 | 1,656,923,837.50 | Interest
income | 353,798,409.79 | 395,605,388.12 | Add: Other income | 121,368,848.38 | 198,189,876.87 | Investment income (Loss is
marked with "-") | 5,012,672,259.88 | 5,271,674,585.50 | Including: Income from
investments in associates and joint
ventures | 4,932,627,649.09 | 4,954,944,249.39 | 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 fair | 420,480,709.83 | 66,751,559.22 |
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024 (未完)
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