招港B:2022年年度报告摘要（英文版）

China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2023-027

CHINA MERCHANTS PORT GROUP CO. LTD.ANNUAL REPORT 2022 (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 ordinary shareholders 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 2499074661 shares a cash

dividend of RMB4.50 (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

1China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

Summary.Part II Key Corporate Information

1. Stock Profile

CM Port Group/ 001872/

Stock name Stock code

CM Port Group B 201872

Stock exchange for stock

Shenzhen Stock Exchange

listing

Contact information Board Secretary Securities Representative

Name Li Yubin Hu Jingjing

24/F China Merchants Port 24/F China Merchants Port

Plaza 1 Gongye 3rd Road Plaza 1 Gongye 3rd Road

Address

Zhaoshang Street Nanshan Zhaoshang Street Nanshan

Shenzhen PRC Shenzhen PRC

Fax +86 755 26886666 +86 755 26886666

Tel. +86 755 26828888 +86 755 26828888

Email address Cmpir@cmhk.com Cmpir@cmhk.com

2. Main business of the Company during the Reporting Period

(1) Principal Activities of the Company during the Reporting Period

The Company is principally engaged in port operations ancillary port-related services and bonded

logistics operations. The port operations include containers and bulk cargos with 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. The ancillary

port-related services mainly include smart port solutions an open platform for smart ports smart

port technology operation and other port information technology businesses as well as port tug

services and port trimming services engineering supervision and management business. The

bonded logistics operations mainly include the provision of warehousing leasing customs clearance

division or merger of cargoes documentation and other services for customers in Shenzhen

Qianhaiwan Bonded Port Zone Qingdao Qianwan Bonded Port Zone Tianjin Dongjiang Bonded

Port Zone the free trade zone in Djibouti and Hambantota industrial park.The main business segments of the Company are as follow:

Business

Applications area

segments

Containers: the Company provides ship berthing loading and unloading

services for ship companies offers container storage service to ship companies

and cargo owners and provides overhead box services for tractor companies.Port operations

The Company also engages in the businesses of division or merger of cargoes

in containers container leasing and container;

Bulk cargoes: the Company is engaged in bulk cargo handling and

2China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

transportation in port zones as well as storage services in yards. The major

types of cargoes handled include food steel woods.The ancillary port-related services mainly include smart port solutions an

Ancillary open platform for smart ports smart port technology operation and other port

port-related services information technology businesses as well as port tug services and port

trimming services engineering supervision and management business.The Company provides various services for clients (including logistics

companies trading companies or cargo owners) for example warehouse/yard

Bonded logistics

leasing loading and unloading in warehouses/yards customs clearance and

operations

division or merger of cargoes at terminals. It also provides documentation

services for tractors arriving or leaving the bonded logistics parks.

(2) Development stage and cyclical characteristic of the industry in which the Company

operates and its industry position during the Reporting Period

The port industry is a crucial foundation of national economy and social progress and is closely

linked to global economic and trade development. The Company is the China’s largest and global

leading port developer investor and operator with a comprehensive port network across the hub

locations along coastal area of China as well as Asia Africa Europe Mediterranean Sea Oceania

South and North America amongst others. Upholding an enterprising steady and efficient

operating style the Company capitalises on its global port portfolio professional management

experience the self-developed state-of-the-art terminal operation system and integrated logistics

management platform for exports and imports thereby providing its customers with timely and

efficient port and maritime logistics services along with comprehensive and modern integrated

logistics solutions. In addition the Company also invests in bonded logistics business and launches

integrated park development business promotes the transformation and upgrade of the port industry

develops port supporting industries and is committed to improving the industrial efficiency and

creating greater value through the synergy within existing terminal network.

3China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

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

Unit: RMB

Change of 31

December 2022

31 December 2022 31 December 2021 over 31 31 December 2020

December 2021

(%)

Total assets 197525530887.76 175984101168.66 12.24% 168728326345.77

Equity attributable

to the listed

54267143304.0239801188662.1336.35%37165277744.78

company’s

shareholders

2022-over-

202220212020

2021 change

Operating revenue 16230489127.55 15283808174.60 6.19% 12756744317.91

Net profit

attributable to the

3337446222.822685829204.0724.26%2073844409.04

listed company’s

shareholders

Net profit

attributable to the

listed company’s

3345170153.812355700274.2342.00%1271352002.64

shareholders before

exceptional gains

and losses

Net cash generated

from/used in 6920377390.35 6510326570.48 6.30% 5551289013.01

operating activities

Basic earnings per

1.611.4015.00%1.08

share (RMB/share)

Diluted earnings per

1.611.4015.00%1.08

share (RMB/share)

Weighted average

7.54%6.99%0.55%5.67%

return on equity (%)

(2) Key Financial Information by Quarter

Unit: RMB

Q1 Q2 Q3 Q4

Operating revenue 4020203113.25 4130259253.94 3971339655.24 4108687105.12

Net profit attributable to the

listed company’s 859493121.60 1122368203.02 771042670.19 584542228.01

shareholders

Net profit attributable to the

838801864.901081747380.70738503229.51686117678.70

listed company’s

4China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

shareholders before

exceptional gains and losses

Net cash generated

from/used in operating 999264265.35 2221986911.74 1782510001.40 1916616211.86

activities

Indicate by tick mark whether any of the quarterly financial data in the table above or their

summations differs materially from what have been disclosed in the Company’s quarterly or

semiyearly reports.□ 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

Number of

preferred

Number of

32505 shareholders

31210 ( 2008 ordinary Number of preferred

Number of (21367 with resumed

9 A-sharehold shareholders at shareholders with

ordinary A-shareholder voting rights at

ers and 1112 the month-end resumed voting rights 0 0

shareholders at s and 11138 the month-end

1 B-shareholde prior to the at the period-end (if

the period-end B-shareholders prior to the

rs) disclosure of any)

) disclosure of

this Report

this Report (if

any)

5% or greater shareholders or top 10 shareholders

Sharehold Increase/dec

Total shares

Name of Nature of ing rease in the Restricted Unrestricted

held at the Shares in pledge or frozen

shareholder shareholder percentag Reporting shares held shares held

period-end

e Period

CHINA

MERCHANTS

PORT Foreign

INVESTMENT legal 45.96% 1148648648 0 0 1148648648 0

DEVELOPMENT person

COMPANY

LIMITED

ZHEJIANG

PROVINCIAL

SEAPORT State-owne

INVESTMENT & d legal 23.08% 576709537 576709537 576709537 0 0

OPERATION person

GROUP CO.LTD.CHINA

MERCHANTS

State-owne

GANGTONG

d legal 14.84% 370878000 0 0 370878000 0

DEVELOPMENT

person

(SHENZHEN)

CO. LTD.

5China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

SHENZHEN

INFRASTRUCTU

INVESTMENT

FUND-SHENZHE

Fund and

wealth

INFRASTRUCTU 2.59% 64850182 0 0 64850182 0

managemen

t products

INVESTMENT

FUND

PARTNERSHIP

(LIMITED

PARTNERSHIP)

CHINA-AFRICA State-owne

DEVELOPMENT d legal 2.57% 64102564 0 0 64102564 0

FUND person

BROADFORD State-owne

GLOBAL d legal 2.21% 55314208 0 0 55314208 Unknown

LIMITED person

HONG KONG

Foreign

SECURITIES

legal 0.25% 6210896 165827 0 6210896

CLEARING Unknown

person

COMPANY LTD.Domestic

ZHU HUI natural 0.12% 2880003 -78000 0 2880003 Unknown

person

CHINA

Foreign

MERCHANTS

legal 0.10% 2542455 -21100 0 2542455

SECURITIES Unknown

person

(HK) CO. LTD.MONETARY

Foreign

AUTHORITY OF

legal 0.09% 2172637 2172637 0 2172637

MACAO-SELF-O Unknown

person

WNED FUNDS

Among the foregoing shareholders Shenzhen Infrastructure Investment Fund-Shenzhen

Infrastructure Investment Fund Partnership (Limited Partnership) subscribed for 64850182

shares of the Company offered in a non-public manner in 2019 for raising supporting funds at

RMB17.16 per share. The subscribed shares were floated on Shenzhen Stock Exchange on 4

Strategic investors or general November 2019 and the lock-in period lasted until 4 November 2020. China-Africa Development

legal person becoming top-ten Fund subscribed for 64102564 shares of the Company offered in a non-public manner in 2019

ordinary shareholders due to for raising supporting funds at RMB17.16 per share. The subscribed shares were floated on

placing of new shares (if any) Shenzhen Stock Exchange on 4 November 2019 and the lock-in period lasted until 4 November

2020. Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd. subscribed for

576709537 shares of the Company offered in a non-public manner at RMB18.50 per share. The

subscribed shares were floated on Shenzhen Stock Exchange on 12 October 2022 and the lock-in

period lasts until 12 October 2025.China Merchants Gangtong Development (Shenzhen) Co. Ltd. is a majority-owned subsidiary of

Related or acting-in-concert

Broadford Global Limited and Broadford Global Limited is the controlling shareholder of China

parties among the shareholders

Merchants Port Investment Development Company Limited. The Company does not know

above

whether the other unrestricted shareholders are related parties or not.Above shareholders involved in

entrusting/being entrusted and None

giving up voting rights

Special account for share

repurchases (if any) among the

None

top 10 shareholders (see note

10)

Top 10 unrestricted shareholders

Shares by type

Name of shareholder Unrestricted shares held at the period-end

Type Shares

CHINA MERCHANTS PORT

RMB

INVESTMENT

1148648648 o rdinary 1148648648

DEVELOPMENT COMPANY

LIMITED

6China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

CHINA MERCHANTS

RMB

GANGTONG

370878000 o rdinary 370878000

DEVELOPMENT

(SHENZHEN) CO. LTD.SHENZHEN

INFRASTRUCTURE

INVESTMENT

RMB

FUND-SHENZHEN

64850182 o rdinary 64850182

INFRASTRUCTURE

INVESTMENT FUND

PARTNERSHIP (LIMITED

PARTNERSHIP)

RMB

CHINA-AFRICA

64102564 o rdinary 64102564

DEVELOPMENT FUND

Domestical

BROADFORD GLOBAL ly listed

5531420855314208

LIMITED foreign

RMB

HONG KONG SECURITIES

6210896 o rdinary 6210896

CLEARING COMPANY LTD.share

RMB

ZHU HUI 2880003 o rdinary 2880003

Domestical

CHINA MERCHANTS ly listed

25424552542455

SECURITIES (HK) CO. LTD. foreign

MONETARY AUTHORITY RMB

OF MACAO-SELF-OWNED 2172637 o rdinary 2172637

FUNDS share

RMB

MAI SHUQING 2129247 o rdinary 2129247

Related or acting-in-concert

parties among top 10

China Merchants Gangtong Development (Shenzhen) Co. Ltd. is a majority-owned subsidiary of

unrestricted public

Broadford Global Limited and Broadford Global Limited is the controlling shareholder of China

shareholders as well as

Merchants Port Investment Development Company Limited. The Company does not know

between top 10 unrestricted

whether the other unrestricted shareholders are related parties or not.public shareholders and top 10

shareholders

Top 10 ordinary shareholders

involved in securities margin N/A

trading (if any)

(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

No preferred shareholders in the Reporting Period.

(3) Ownership and Control Relations between the Actual Controller and the Company

7China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

5. Outstanding Bonds at the Date when this Report Was Authorized for Issue

(1) Bond Profile

Outstanding balance

Bond name Abbr. Bond code Issue date Maturity Interest

(RMB’0000) rate

2020 Public

Offering of

Corporate

Bonds of

China

20 CMPort

Merchants 149170 7 July 2020 8 July 2023 200000 3.36%

Port Group

Co. Ltd. (for

qualified

investors)

(Phase I)

2022 Public

Offering of

Corporate

Bonds of

China

22 CMPort 29 August 2022 to

Merchants 148052 30 August 2025 300000 2.69%

01 30 August 2022

Port Group

Co. Ltd. (for

professional

investors)

(Phase I)

8China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

Outstanding balance

Bond name Abbr. Bond code Issue date Maturity Interest

(RMB’0000) rate

2022 Public

Offering of

Corporate

Bonds of

China

5 September 2022

Merchants 22 CMPort

148058 to 6 September 6 September 2024 300000 2.45%

Port Group 02

2022

Co. Ltd. (for

professional

investors)

(Phase II)

The maturity date of

2022 Public the bonds is 9

Offering of September 2023; if

Corporate the issuer exercises

Bonds of the redemption

China option the maturity

8 September 2022

Merchants 22 CMPort date of the bonds is

148060 to 9 September 200000 1.93%

Port Group 03 8 March 2023; if the

2022

Co. Ltd. (for investor exercises

professional the resale option the

investors) maturity date of the

(Phase III) resale portion of the

bonds is 8 March

2023.

Interest payment during the During the Reporting Period interest on “20 CMPort 01” for the period from 8 July 2021 to 7

Reporting Period July 2022 was paid on 8 July 2022.

(2) Latest Rating and Rating Change

On 23 February 2023 China Chengxin International Credit Rating Co. Ltd. (CCXI) issued the

2023 Credit Rating Report (CCXI-20230389M-01). 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

Item 31 December 2022 31 December 2021 Change

Current ratio 76.93% 75.96% 1.28%

Debt/asset ratio 35.07% 36.91% -1.84%

Quick ratio 76.08% 75.32% 1.01%

2022 2021 Change

Net profit before exceptional

334517.02235570.0342.00%

gains and losses (RMB ’0000)

9China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

Debt/EBITDA ratio 21.47% 21.65% -0.18%

Interest cover (times) 4.14 4.62 -10.39%

Cash-to-interest cover (times) 5.02 5.02 0.00%

EBITDA-to-interest cover 6.59

7.16-7.96%

(times)

Debt repayment ratio (%) 100.00% 100.00% -

Interest payment ratio (%) 100.00% 100.00% -

Part III Significant Events

1. Implementation of business plan during the Reporting Period

During the Reporting Period in face of the severe and complicated macro environment the

Company spared no effort in stabilising the economy and ensuring the smooth operation of the ports

while at the same time it captured every opportunity to expand its business and improve its quality

and efficiency and through which the Company’s business operated in a stable manner with

enhanced quality. To continuously provide unimpeded and stable services for international supply

and industrial chain the Company resolutely pushed forward the development of homebase port

and regional leading port sped up endogenous growth and innovation upgrading thus strengthening

value creation for customers and forming a synergetic and win-win situation with partners.

(1) Creating new situation for the development of leading ports with endogenous growth. In

2022 the price in the container business of ports the Company mainly controls was raised in the

first half of the year by capitalising the situation which enabled the Company to secure the

container volume against the situation and made progress in an overall stable performance in the

second half of the year. For the domestic homebase port the market share of West Shenzhen

homebase port in the three ports in South China increased to 19.1% by increasing 1.2 percentage

points making new record in the latest five years. The Company established South China Bulk

Cargo Operation Center opening a new development pattern of high quality for West Shenzhen

homebase port. Tonggu channel enabled ships of 200000 tonnes to sail at night strengthened its

capability to serve large ships at 24 hours and overall competitiveness. For the overseas homebase

port the Company was committed to build the overseas homebase port in Sri Lanka CICT and

HIPG into an international container hub port and a reginal comprehensive leading port

respectively. Besides the Company continued to advance the construction of the international

shipping center in South Asia and continued to improve the integrated operation and management

of the two ports. For the severe political and economic crisis and other challenges encountered by

projects in Sri Lanka the Company coped with them properly thus guaranteed the production

stabilised the supply and achieved growth regardless of the market recession.

(2) Improving asset quality by optimising asset structure. In the first half of the year China

Merchants Port a holding subsidiary of the Company held additional shares of 329 million of SIPG.After the completion the shareholding in SIPG held by China Merchants Port increased from 26.64%

to 28.05% which consolidated the Company's position as the second largest shareholder of SIPG

and strengthened the synergetic development with SIPG. The Company completed the acquisition

of 14.6% equity of Asia Airfreight Terminal (AAT) and its shareholding increased to 34.6% after

the completion. Besides the Company expanded the space for airport business development and

continuously deepened the logistics supply chain layout in the Guangdong-Hong Kong-Macao

Greater Bay Area. In the second half of the year Zhejiang Seaport Group subscribed for as a

strategic investor 577 million A-shares in the private placement of the Company by capital

injection of RMB10.669 billion and its shareholding was 23.08% after the completion and became

10China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

the second largest shareholder of the Company. At the same time the Company subscribed for as a

strategic investor 3.647 billion A-shares in the private placement of the Ningbo Port by capital

injection of RMB14.114 billion and its shareholding increased to 23.08% after the completion and

became the second largest shareholder of Ningbo Port. The strategic increase of shareholdings by

the two listed companies strengthened the role of both ports as an integrated hub and

comprehensively enhanced the high-quality development standard of ports. The Company increased

its shareholding of Antong Holdings to 6.83% further expanding the influence of the port and

shipping business.

(3) Inspiring new vitality of development for enterprises by deepening reform. Being listed in

the “Double-Hundred Enterprises” of the State-owned Enterprises Reform in 2022 the Company

integrated the reform work of “Double-Hundred Action” with the new ten-year strategic

development to stimulate endogenous growth and innovation and upgrading with reform. In

accordance with the requirements under the “1+N” series documents of the State-owned Enterprises

Reform the Company carried out general inspection on its governance mechanism employment

mechanism and incentive mechanism to address systematically the issues existed along the

Company’s development. The Company developed reform plan and working record by focusing on

the goal of “Five Breakthroughs and One Reinforcement” under the “Double-Hundred Action”. A

reform leading group and working group were set up by the Company to establish a systematic

working mechanism. By focusing on deepening the mixed-ownership reform the Company

improved the governance operation efficiency enhanced employment mechanism reform and the

building of international talents system so as to comprehensively improve the standard of the party

leadership and party building of an enterprise. The steadfastly pushing forward of various works

under the “Double-Hundred Action” injected new vitality into the development of the Company and

helped the Company in building a world-class enterprise.

(4) Building benchmark of smart port by technological innovation. According to the

requirement of industry development and technological development trend the Company continued

to revise and refine the digitalization plan promoted the construction of three platforms namely

“CMC Chip” “CM ePort” and “SMP” to perfect relevant implementation plan and improve level of

industrial digitalization. “CMC Chip” carried out R&D on intelligent stowage operation

stimulation and other functions conducted 5G private network expansion verification and

introduced vehicle-road collaborative testing. The construction of data base of China Merchants

Port business process platform data indicator platform and global monitoring center has been

finished on the “SMP” platform and was officially applied into the operation analysis of enterprises.“CM ePort” initiated the R&D of 3.0 version which was smoothly put into trial operation on

Shenzhen West Port Area and Machong Port. The Company continued to push forward the

construction of Mawan Smart Port and Mawan autonomous driving project was successfully

selected as the first batch of intelligent transportation pilot application projects of the Ministry of

Communications and the smart port solution was included in the Recommendations of Scientific &

Technological Innovation of Central Enterprise and won the only Special Award for Scientific and

Technological Progress issued by the China Ports Association in 2021. CMIT was approved by the

Ministry of Communications for TOS project and the smart port solution of China Merchants Port

delivered phased outcomes.

(5) Extending new node of value chain by business expansion. By continuous using its edge as

the hub of supply chain of ports the Company expanded the supply chain extension services with

technological revolution. With respect of domestic business the Company increased its efforts in

expanding Combined Port in the Guangdong-Hong Kong-Macao Greater Bay Area to strengthen

the building of cargo collection distribution and transport system and build a collaborative alliance

featuring multifaceted businesses with the West Shenzhen homebase port as core under the

coordinated port framework. In 2022 12 coordinated ports have been put into operation and a total

of 25 coordinated ports have been put into operation which served more than 4700 import and

11China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

export enterprises in the Greater Bay Area and completed serving approximately 5300 barges and

approximately 7000 large vessels and handled 0.26 million TEUs which further strengthened the

collaborative alliance featuring multifaceted businesses with the West Shenzhen homebase port as

core. With respect of oversea business based on the port in Djibouti the Company opened new

logistics channel for sea and air combined transportation between China and major cities on the

African continent together with its strategic partners cutting about 50% transport time compared to

whole sea transportation and about 50% transport cost compared to whole air transportation. This

new logistics channel has delivered goods to 16 major cities in 14 African countries which further

enhanced the Company’s service capability in international logistics supply chain.

(6) Exploring new industrial pattern by comprehensively development. The Company

constantly pushed forward the innovation of business mode by leverage of the comprehensive

development segment focused on customer development and promoted industry-driven investment.HIPG Industrial Park was occupied by 40 contracted enterprises covering many key industrial

projects such as tire factory cement plant and yacht assembly site. It constantly provides flexible

and diversified land service mode and continuously enriches the industrial park thus to improve

the industrial chain in the park. Djibouti Free Trade Zone was occupied by 287 contracted

enterprises increased 91 contracted enterprises as compared to the beginning of the year. The

online Djimart e-commerce platform was upgraded to enable online payment function through

UnionPay which together with offline exhibition of "Made in Liaocheng" consolidated the

development of services and products of different ports provided customized services and products

to customers and accelerated the transformation of business mode from land warehouse lease to the

provision of overall solutions for customers.

(7) Deepening management reform by smart operation. The Company steadfastly drove forward

the digitalization development and transformation thoroughly implemented the construction of

“digital investment port” and formally initiated “SMP”. Through business process and information

sharing module along with the intelligent analysis and decision supporting modules “SMP” 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 which satisfied the requirements of corporate management of all levels. As the core

smart tool for building of port data management system and data asset management “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.

(8) Building new image for the port by green development. The Company deeply and thoroughly

implements the innovative coordinated green open and shared development concept adheres to

the human-oriented and green development philosophy and sticks to the principle of mutual

negotiation joint construction and sharing so as to comprehensively establish the ESG system of

CMPort push forward the green high quality and sustainable development both home and abroad

and continuously improve the Company’s ESG rating. In 2022 the Company was selected in the

ESG·Pioneer 50 Index of Central Enterprises from 426 central enterprises ranking 12th in the index

list which fully demonstrated the recognition from the SASAC on the Company’s work. Besides

the Company also won the ESG Golden Bull Award·Responsible Investment Pioneer Award (ESG

金牛奖·责任投资先锋奖) in 2022 fully demonstrating the high recognition from the industry on

the Company’s practice of ESG concept on port investment and operation and management.

2. Operating Division Product Category Operating Segment or Distribution Model

Contributing over 10% of Operating Revenue or Operating Profit

Unit: RMB

Gross YoY YoY YoY

Operating revenue Cost of sales

profit change in change in change in

12China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

margin operating cost of gross

revenue sales (%) profit

(%) margin

(%)

By operating division

Port

15626802064.849153516391.9041.42%6.77%6.81%-0.02%

operations

By operating segment

Mainland

China Hong

12105380701.207762369545.9235.88%4.80%5.79%-0.60%

Kong and

Taiwan

Other

countries and 4125108426.35 1888092167.02 54.23% 10.50% 10.48% 0.01%

regions

3. YoY Changes to the Scope of Consolidated Financial Statements

In February 2022 CMPort established Port Development (Hongkong) Company Limited a

wholly-owned subsidiary. In March 2022 CMPort invested all of its shares in CMPort Holdings

(1627635473 shares accounting for 42.995% of its total share capital) as the contribution.

Guangdong Shunkong Port-related Development and Construction Co. Ltd. (hereinafter referred to

as "Shunkong") established in July 2020 is a wholly-owned subsidiary of Guangdong Shunkong

Urban Investment and Properties Co. Ltd. (hereinafter referred to as "Shunkong Urban Investment")

with a registered capital of RMB30 million. On 30 March 2022 Shunkong Urban Investment put up

for sale a 51% interest in Shunkong with a capital increase requirement at GuangDong United

Assets and Equity Exchange (Zhuhai Branch) while Shunkong Urban Investment still retained the

other 49% interest. In August CMPort completed a capital injection of RMB50 million including a

registered capital increase of RMB31.22 million and held the 51% interest in Shunkong upon the

completion of the capital injection. Shunkong has completed the ownership change with the

industrial and commercial administration and the amendments to its articles of association regarding

shareholders' meetings in November and CMPort has included Shunkong in its consolidated

financial statements since November 2022.

13China Merchants Port Group Co. Ltd. Annual Report 2022 (Summary)

China Merchants Port Group Co. Ltd.Board of Directors

Dated 4 April 2023

行情