Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2026-055
CHINAMERCHANTS PORTGROUPCO. LTD.THE REPORT FOR THE THIRD QUARTER OF 2026
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”) as well as the directors and senior management of the Company hereby
guarantee the factuality accuracy and completeness of the contents of this Report and shall be individually as well
as jointly and severally liable for any misrepresentations misleading statements or material omissions therein.
2. Xu Song Legal Representative Huang Zhenzhou Chief Financial Officer and Liu Shixia Head of Accounting
Department 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 is 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 retrospective adjustment or restatement to prior-year financial statements.□ Yes √ No
Q3 2026 YoY change Q1-Q3 2026 YoY change
Total operating income
4592796892.54 6.98% 13541258939.73 6.11%
(RMB)
Net profit attributable
to shareholders of the 1387667396.52 17.60% 4168774411.78 9.51%
Company (RMB)
Net profit attributable
to shareholders of the
1192028397.39 3.11% 3914967012.33 6.54%
Company after
deducting non-
recurring profit or loss
(RMB)
Net cash inflow from
operating activities — — 5753682992.36 7.88%
(RMB)
Basic earnings per
0.56 19.15% 1.68 9.80%
share (RMB/share)
Diluted earnings per
0.56 19.15% 1.68 9.80%
share (RMB/share)
Weighted average Up by 0.28
2.11% 0.24% 6.36%
return on equity (%) percentage point
30 September 2026 31 December 2025 Change
Total assets (RMB) 208028532342.90 205014697494.68 1.47%
Equity attributable to
shareholders of the 66126020310.51 64365829932.20 2.73%
Company (RMB)
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
2482148285
before the disclosure of this Report (share)
Diluted earnings per share based on the latest total share capital above:
Diluted earnings per share based on the latest total
1.6795
share capital above (RMB/share)
(II) Non-recurring Profit or Loss
Unit: RMB
Item Q3 2026 Q1-Q3 2026 Note
Gains or losses on disposal of non-current
assets including those charged off for which
238469291.73 235327798.40 -
provision for impairment of assets has been
made
Government grants recognized in profit or
loss (other than grants which are closely to
the Company’s normal business in line with
2891938.26 29652784.50 -
the national regulations enjoyed under
established standards and have a continuous
impact on the Company’s profit or loss)
Gains or losses from changes in fair value of
financial assets and financial liabilities held
by non- financial enterprises and gains or
losses on disposal of financial assets and 26283936.76 102489660.43 -
financial liabilities other than effective
hedging operations relating to the
Company’s normal business operations
Income earned from lending funds to non-
financial institutions and recognized in 23502774.92 73737909.38 -
profit or loss
Reversal of provision for accounts 9862130.67 12905017.95 -
receivable that are tested for impairment
individually
Lump- sum costs incurred by the enterprises
as a result of the discontinuation of relevant
-14553764.78 -54415705.78 -
business activities such as employee
severance expenditures
Other non-operating income or expenses
-5814855.35 -1270618.37 -
other than above items
Less: Income tax effects 69242915.55 93353112.96 -
Effects of non-controlling interests
15759537.53 51266334.10 -
(after tax)
Total 195638999.13 253807399.45 --
Other gains and losses that meet the definition of non-recurring gain/loss:
□Applicable √ Not applicable
No such cases.Explanation of the situation where the non-recurring gains and losses items listed in Interpretative Announcement
No. 1 of Companies Issuing Publicly Traded Securities - Non-Recurring Gains and Losses are classified as recurring
gains and losses items:
□Applicable √ Not applicable
During the Reporting Period the Company did not classify any gain or loss item listed in Interpretative
Announcement No. 1 of Companies Issuing Publicly Traded Securities - Non-Recurring Gains and Losses as a
recurring gain or loss item.(III) Changes in Key Financial Statement Line Items and Their Explanation
Unit: RMB
Balance sheet items 30 September 2026 31 December 2025 Change Explanation of changes
Mainly due to the collection of bills
Bills receivable 55446574.03 151029884.15 -63.29%
receivable upon maturity
Mainly due to the cyclical influence
Accounts receivable 2308731463.54 1297166857.70 77.98%
of payment collection
Mainly due to the increase in prepaid
Prepayments 115767047.13 82819198.95 39.78% insurance premiums and material
payments
Mainly due to the increase in prepaid
Other current assets 209474070.01 158947975.17 31.79%
income tax and deductible input VAT
Mainly due to the effect resulting
from the remeasurement of long-term
equity investment in Antong
Investments in other equity Holdings in the current period which
1228471589.70 141766365.15 766.55%
instruments was changed from equity method
accounting to financial assets at fair
value through other comprehensive
income
Mainly due to the increase in
Other payables 3322627424.91 2034923078.95 63.28%
dividends payable
Non-current liabilities due Mainly due to the increase in bonds
8216671463.11 6042522685.33 35.98%
within one year payable due within one year
Mainly due to the increase in short-
Other current liabilities 5652163595.40 2199301417.02 157.00%
term commercial papers payable
Income statement items Q1-Q3 2026 Q1-Q3 2025 Change Explanation of changes
Mainly due to the decrease in
Other income 66976054.46 142769198.68 -53.09%
government grants received
Cash flow statement items Q1-Q3 2026 Q1-Q3 2025 Change Explanation of changes
Mainly due to the increase in refund
Refund of taxes 108715913.94 27372611.32 297.17%
of taxes received by subsidiaries
Mainly due to the increased
Proceeds from disposal of
45366359482.95 32059800000.00 41.51% redemption of structured deposits
investments
upon maturity
Mainly because subsidiaries collected
sea area usage fees for the
Proceeds from other investing
89246686.79 236053508.82 -62.19%government in the same period of last
activities
year with no such fees collected in
the current period
Mainly due to the decreased payment
Payment for acquisition of fixed
for acquisition of fixed assets
assets intangible assets and 1178460173.32 1758375692.67 -32.98%
intangible assets and other long-term
other long-term assets
assets in the current period
Mainly due to the increased purchase
Payment for acquisition of
45334751040.00 31206806292.72 45.27%of structured deposits in the current
investments
period
Mainly due to the decrease in
Proceeds from borrowings 13510046776.35 20602253184.78 -34.42%borrowings obtained in the current
period
Mainly due to the advance payment
received by subsidiaries from
Proceeds from other financing minority shareholders and receipts
10888371.19 258621517.54 -95.79%
activities under finance leases in the same
period of last year with no such
matters in the current period
Mainly due to the decrease in debt
Repayments of borrowings 13641221802.69 23708226435.63 -42.46%
repaid in the current period
Mainly due to the payment for share
Payment for other financing repurchases in the same period of last
413200460.29 649854745.80 -36.42%
activities year with no such matters in the
current period
II Use of Raised Funds
□Applicable √ Not applicable
No such cases in the Reporting Period.III 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 28459 (18944 A-shareholders Number of preferred shareholders with resumed
0
shareholders at the period-end and 9515 B-shareholders) voting rights at the period-end (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Shareho Shares in pledge marked or
Restricted
Nature of lding Total shares frozen
Name of shareholder shares
shareholder percent held
held
age Status Shares
China Merchants Port Investment Overseas
46.28% 1148648648 0
Development Company Limited legal person - 0
Zhejiang Provincial Seaport
State-owned
Investment & Operation Group Co. 23.23% 576709537 0
legal person - 0
Ltd.China Merchants Gangtong State-owned
14.94% 370878000 0
Development (Shenzhen) Co. Ltd. legal person - 0
Shenzhen Infrastructure Investment
Fund and
Fund Management Co. Ltd.-
wealth
Shenzhen Infrastructure Investment 2.61% 64850182 0
management - 0
Fund Partnership (Limited
products etc.Partnership)
State-owned
Broadford Global Limited 2.23% 55314208 0
legal person - 0
State-owned
China-Africa Development Fund 0.63% 15610368 0
legal person - 0
Hong Kong Securities Clearing Overseas
0.50% 12483161 0
Company Ltd. legal person - 0
Domestic
Zou Yanmin natural 0.36% 9037853 0 - 0
person
Fund and
PICC Property And Casualty
wealth
Company Limited－Traditional- 0.27% 6797487 0
management - 0
General Insurance Product
products etc.Monetary Authority of Macao－ Overseas 0.24% 5959759 0
Own Funds legal person - 0
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing or locked-up shares of senior management)
Shares by type
Name of shareholder Unrestricted shares held
Type Shares
China Merchants Port Investment Development RMB ordinary
1148648648 1148648648
Company Limited share
Zhejiang Provincial Seaport Investment & Operation RMB ordinary
576709537 576709537
Group Co. Ltd. share
China Merchants Gangtong Development RMB ordinary
370878000 370878000
(Shenzhen) Co. Ltd. share
Shenzhen Infrastructure Investment Fund
RMB ordinary
Management Co. Ltd.-Shenzhen Infrastructure 64850182 64850182
share
Investment Fund Partnership (Limited Partnership)
Domestically
Broadford Global Limited 55314208 listed foreign 55314208
share
RMB ordinary
China-Africa Development Fund 15610368 15610368
share
RMB ordinary
Hong Kong Securities Clearing Company Ltd. 12483161 12483161
share
Domestically
Zou Yanmin 9037853 listed foreign 9037853
share
PICC Property And Casualty Company Limited－ RMB ordinary
6797487 6797487
Traditional- General Insurance Product share
RMB ordinary
Monetary Authority of Macao－Own Funds 5959759 5959759share
1. Broadford Global Limited is entrusted to manage the 74.66% shares of Rainbow Reflection
Limited held by China Merchants Holdings (Hong Kong) Company Limited and China
Merchants Port Investment Development Company Limited is the wholly-owned subsidiary of
Related or acting-in-concert Rainbow Reflection Limited.parties among the shareholders
2. Broadford Global Limited is the controlling shareholder of China Merchants Gangtong
above
Development (Shenzhen) Co. Ltd.The Company does not know whether the other unrestricted shareholders are related parties or
not.Top 10 shareholders involved in
N/A
securities margin trading (if any)
5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares
lending
□Applicable √ Not applicable
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
IV Other Significant Events
□Applicable √ Not applicable
V Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co. Ltd.
30 September 2026
Unit: RMB
Item 30 September 2026 1 January 2026
Current assets:
Cash and bank balances 17031333485.03 15374846360.79
Settlement reserve
Interbank loans granted
Financial assets held for trading 7564136575.93 7578824365.75
Derivative financial assets
Bills receivable 55446574.03 151029884.15
Accounts receivable 2308731463.54 1297166857.70
Receivables under financing 113856737.57 114680738.25
Prepayments 115767047.13 82819198.95
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 938799365.72 1012655278.64
Including: Interest receivable
Dividends receivable 508674649.44 576943449.36
Purchased and resold financial assets
Inventories 302912956.50 307216425.15
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year 539722.23
Other current assets 209474070.01 158947975.17
Total current assets 28640997997.69 26078187084.55
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
Long-term receivables 3978935564.08 3874516647.46
Long-term equity investments 104133496209.88 103073100064.87
Investments in other equity
1228471589.70 141766365.15
instruments
Other non-current financial assets 28768810.95 28768810.95
Investment properties 3062796935.85 3157951323.78
Fixed assets 29067830150.50 30442884297.82
Construction in progress 4161535890.82 3403583431.48
Productive living assets
Oil and gas assets
Right-of-use assets 8414902537.65 8965304928.17
Intangible assets 16961120441.88 17643855579.95
Including: Data resources 5140802.26 5616273.79
Development costs 32223927.51 34234599.73
Including: Data resources
Goodwill 6229906020.59 6176416050.77
Long-term deferred expenses 859256967.38 919719245.18
Deferred tax assets 340815973.94 355487521.84
Other non-current assets 887473324.48 718921542.98
Total non-current assets 179387534345.21 178936510410.13
Total assets 208028532342.90 205014697494.68
Current liabilities:
Short-term borrowings 19373332510.12 19775820831.32
Borrowings from the central bank
Interbank loans obtained
Financial liabilities held for trading
Derivative financial liabilities
Bills payable
Accounts payable 693903356.34 739900492.35
Advance payments received 9023792.61 12191454.52
Contract liabilities 552326700.09 446822948.79
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 1263078062.85 1297834679.20
Taxes payable 1097535957.96 913284472.54
Other payables 3322627424.91 2034923078.95
Including: Interest payable
Dividends payable 1136733537.11 135169470.79
Handling charges and commissions
payable
Reinsurance payables
Liabilities held for sale
Non-current liabilities due within one
8216671463.11 6042522685.33
year
Other current liabilities 5652163595.40 2199301417.02
Total current liabilities 40180662863.39 33462602060.02
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 5334026182.73 7439956123.50
Bonds payable 16236834883.93 20709787532.29
Including: Preference shares
Perpetual bonds
Lease liabilities 1611743640.57 1690860832.08
Long-term payables 3601004587.09 3721605292.07
Long-term employee benefits payable 522277874.62 546386377.62
Provisions 237192297.70 185493182.45
Deferred income 879327352.71 923349449.41
Deferred tax liabilities 5021125580.71 4869165969.03
Other non-current liabilities 160926107.03 164442477.36
Total non-current liabilities 33604458507.09 40251047235.81
Total liabilities 73785121370.48 73713649295.83
Shareholders’ equity:
Share capital 2482148285.00 2481842185.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 36926652509.12 36816586615.98
Less: Treasury shares
Other comprehensive income -1028661276.11 -969163426.51
Specific reserve 77486610.09 57278650.39
Surplus reserve 1249537330.50 1249537330.50
General reserve
Retained earnings 26418856851.91 24729748576.84
Total equity attributable to shareholders
66126020310.51 64365829932.20
of the Company
Non-controlling interests 68117390661.91 66935218266.65
Total shareholders’ equity 134243410972.42 131301048198.85
Total liabilities and shareholders’ equity 208028532342.90 205014697494.68
Legal Representative: Xu Song
Chief Financial Officer: Huang Zhenzhou
Head of Accounting Department: Liu Shixia
2. Consolidated Income Statement for Q1-Q3
Unit: RMB
Item Q1-Q3 2026 Q1-Q3 2025
1. Total operating income 13541258939.73 12761718577.69
Including: Operating income 13541258939.73 12761718577.69
Interest income
Premium income
Handling charge and commission income
2. Total operating costs 9765101055.34 9651169282.99
Including: Operating costs 7191847478.33 7025113831.96
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 310361104.55 261910372.07
Selling and distribution expenses
General and administrative expenses 1153117194.20 1131791808.52
Research and development expenses 133884548.96 133679811.72
Financial expenses 975890729.30 1098673458.72
Including: Interest expenses 1328317597.14 1412059197.32
Interest income 296473591.18 279493102.17
Add: Other income 66976054.46 142769198.68
Investment income ("-"for losses) 5455652398.46 5222699354.59
Including: Income from investments in
5385040407.96 5170470933.55
associates and joint ventures
Income arising from the
derecognition of financial assets
measured at amortized cost
Foreign exchange gain ("-"for losses)
Net exposure hedging income (“-” for losses)
Gains from changes in fair value ("-"for losses) 31997919.18 29806324.64
Reversal of credit impairment 7697102.12 5339696.89
Impairment losses ("-"for losses) 1614.26
Gains from asset disposals ("-"for losses) 8496854.37 6697124.45
3. Operating profit 9346978212.98 8517862608.21
Add: Non-operating income 21614156.78 36169262.72
Less: Non-operating expenses 32131476.59 20226678.15
4. Profit before income tax 9336460893.17 8533805192.78
Less: Income tax expenses 1396479163.44 1070350492.85
5. Net profit 7939981729.73 7463454699.93
5.1 Net profit classified by continuity of operations
5.1.1 Net profit from continuing operation 7939981729.73 7463454699.93
5.1.2 Net profit from discontinued operation
5.2 Net profit classified by ownership
5.2.1 Attributable to shareholders of the Company 4168774411.78 3806626280.80
5.2.2 Non-controlling interests 3771207317.95 3656828419.13
6. Other comprehensive income net of tax -465787984.98 1618344929.43
Other comprehensive income (net of tax) attributable
-59497849.60 631635570.62
to shareholders of the Company
6.1 Items that will not be reclassified to profit or loss -83423277.54 3719262.13
6.1.1 Remeasurement of defined benefit plan
6.1.2 Other comprehensive income recognised
-12225349.04 3719262.13
under the equity method
6.1.3 Changes in fair value of investments in other
-71197928.50
equity instruments
6.1.4 Changes in fair value of entity’s own credit
risk
6.1.5 Others
6.2 Items that will be reclassified to profit or loss 23925427.94 627916308.49
6.2.1 Other comprehensive income recognised
-31142216.68 228729223.96
under the equity method
6.2.2 Changes in fair value of other debt
investments
6.2.3 Amount of financial assets reclassified into
other comprehensive income
6.2.4 Credit losses of other debt investments
6.2.5 Cash flow hedge reserve
6.2.6 Translation differences arising from translation 55067644.62 399187084.53
of foreign currency financial statements
6.2.7 Others
Other comprehensive income (net of tax) attributable
-406290135.38 986709358.81
to non-controlling interests
7. Total comprehensive income 7474193744.75 9081799629.36
7.1 Attributable to shareholders of the Company 4109276562.18 4438261851.42
7.2 Attributable to non-controlling interests 3364917182.57 4643537777.94
8. Earnings per share
8.1 Basic earnings per share (RMB/share) 1.68 1.53
8.2 Diluted earnings per share (RMB/share) 1.68 1.53
3. Consolidated Cash Flow Statement for Q1-Q3
Unit: RMB
Item Q1-Q3 2026 Q1-Q3 2025
1. Cash flows from operating activities:
Proceeds from sale of goods and
13139023409.99 12202004933.08
rendering of services
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
Refund of taxes 108715913.94 27372611.32
Proceeds from other operating
471633784.16 582892459.80
activities
Sub-total of cash inflows 13719373108.09 12812270004.20
Payment for goods and services 3243633510.77 3164118721.59
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and in interbank loans granted
Payment for claims on original
insurance contracts
Net increase in interbank loans granted
Interest handling charges and
commissions paid
Policy dividends paid
Payment to and for employees 2808967461.83 2684716615.98
Payment of various taxes 1465496893.37 1139051249.09
Payment for other operating activities 447592249.76 490938782.80
Sub-total of cash outflows 7965690115.73 7478825369.46
Net cash inflow from operating activities 5753682992.36 5333444634.74
2. Cash flows from investing activities:
Proceeds from disposal of investments 45366359482.95 32059800000.00
Investment returns received 2724008963.69 2697872122.77
Net proceeds from disposal of fixed
assets intangible assets and other 6282861.73 97172565.98
long-term assets
Net proceeds from disposal of
subsidiaries and other business units
Proceeds from other investing
89246686.79 236053508.82
activities
Sub-total of cash inflows 48185897995.16 35090898197.57
Payment for acquisition of fixed
assets intangible assets and other 1178460173.32 1758375692.67
long-term assets
Payment for acquisition of
45334751040.00 31206806292.72
investments
Net increase in pledged loans granted
Net payment for acquisition of
13009257.22
subsidiaries and other business units
Payment for other investing activities 135325604.88 168789076.73
Sub-total of cash outflows 46648536818.20 33146980319.34
Net cash inflow from investing activities 1537361176.96 1943917878.23
3. Cash flows from financing activities:
Proceeds from investors 4720264.21 5247961.40
Including: Proceeds from non-
controlling shareholders of
subsidiaries
Proceeds from borrowings 13510046776.35 20602253184.78
Proceeds from other financing 10888371.19 258621517.54
activities
Sub-total of cash inflows 13525655411.75 20866122663.72
Repayments of borrowings 13641221802.69 23708226435.63
Payment for dividends profits
4818934850.34 5393986448.69
distributions or interest
Including: Dividends and profits
paid to non-controlling shareholders 1719893758.85 2213945514.67
of subsidiaries
Payment for other financing activities 413200460.29 649854745.80
Sub-total of cash outflows 18873357113.32 29752067630.12
Net cash outflow from financing
-5347701701.57 -8885944966.40
activities
4. Effect of foreign exchange rate
-241111623.94 27681072.81
changes on cash and cash equivalents
5. Net increase in cash and cash
1702230843.81 -1580901380.62
equivalents
Add: Cash and cash equivalents at the
15244357662.04 16515069554.91
beginning of the year
6. Cash and cash equivalents at the end
16946588505.85 14934168174.29
of the period
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First
Implementation of the New Accounting Standards Implemented since 2026
□Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□ Yes √ No
These financial statements have not been audited by such an auditor.The Board of Directors
China Merchants Port Group Co. Ltd.
30 October 2026
沪公网安备31011802005267号
