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

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2022-067

CHINA MERCHANTS PORT GROUP CO. LTD.INTERIM REPORT 2022 (SUMMARY)

Part I Important Notes

This Summary is based on the full Interim 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 report on the media designated by the China Securities Regulatory Commission

(the “CSRC”).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 interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable √ Not applicable

The Company has no interim dividend plan either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable √ Not applicable

Note: For the meanings of the abbreviations in this Summary please refer to the information under

the heading “Definitions” in the full Interim Report.This Report and its summary have been prepared in both Chinese and English. Should there be any

discrepancies or misunderstandings between the two versions the Chinese versions shall prevail.Part II Key Corporate Information

1. Stock Profile

Stock name CM Port Group/ Stock code 001872/

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

CM Port Group B 201872

Stock exchange for stock listing Shenzhen Stock Exchange

Contact information Board Secretary Securities Representative

Name Li Yubin Hu Jingjing

24/F China Merchants Port Plaza 24/F China Merchants Port Plaza 1

Office address 1 Gongye 3rd Road Zhaoshang Gongye 3rd Road Zhaoshang Street

Street Nanshan Shenzhen PRC Nanshan Shenzhen PRC

Tel. +86 755 26828888 +86 755 26828888

E-mail address Cmpir@cmhk.com Cmpir@cmhk.com

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes √ No

H1 2022 H1 2021 Change (%)

Operating revenue

8150462367.197339942862.2611.04%

(RMB)

Net profit attributable

to the listed

1981861324.621677035346.1718.18%

company’s

shareholders (RMB)

Net profit attributable

to the listed

company’s

1920549245.601644696060.9716.77%

shareholders before

exceptional gains and

losses (RMB)

Net cash generated

from/used in operating 3221251177.09 2934960407.96 9.75%

activities (RMB)

Basic earnings per

1.030.8718.39%

share (RMB/share)

Diluted earnings per

1.030.8718.39%

share (RMB/share)

Weighted average

4.88%4.43%0.45%

return on equity (%)

30 June 2022 31 December 2021 Change (%)

Total assets (RMB) 182438574161.08 175984101168.66 3.67%

Equity attributable to

the listed company’s 41214899867.01 39801188662.13 3.55%

shareholders (RMB)

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

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

Number of preferred

31844(20435

Number of ordinary shareholders shareholders with A-shareholders and 0

resumed voting

11409 B-shareholders)

rights (if any)

Top 10 shareholders

Nature of Shares in

Shareholdin Number of Restricted

Name of shareholder shareholde pledge or

g percentage shares shares

r frozen

CHINA MERCHANTS PORT Foreign

INVESTMENT DEVELOPMENT legal 59.75% 1148648648 1148648648 0

COMPANY LIMITED person

CHINA MERCHANTS State-own

GANGTONG DEVELOPMENT ed legal 19.29% 370878000 0 0

(SHENZHEN) CO. LTD. person

SHENZHEN INFRASTRUCTURE Funds

INVESTMENT FUND-SHENZHEN wealth

INFRASTRUCTURE manageme

3.37%6485018200

INVESTMENT FUND nt

PARTNERSHIP (LIMITED products

PARTNERSHIP) etc.State-own

CHINA-AFRICA DEVELOPMENT

ed legal 3.33% 64102564 0 0

FUND

person

State-own

BROADFORD GLOBAL LIMITED ed legal 2.88% 55314208 0 0

person

Domestic

ZHU HUI natural 0.15% 2923003 0 Unknown

person

State-own

CHINA MERCHANTS

ed legal 0.13% 2531955 0 Unknown

SECURITIES (HK) CO. LTD.person

Foreign

HONG KONG SECURITIES

legal 0.11% 2162478 0 Unknown

CLEARING COMPANY LTD.person

Domestic

MAI SHUQING natural 0.11% 2129247 0 Unknown

person

ARROWSTREET EMERGING Foreign

MARKET ALPHA EXTENSION legal 0.10% 1929691 0 Unknown

TRUST FUND person

China Merchants Gangtong Development (Shenzhen) Co.Related or acting-in-concert parties among the Ltd. is a majority-owned subsidiary of Broadford Global

Limited and Broadford Global Limited is the controlling

shareholders above

shareholder of China Merchants Port Investment

Development Company Limited. The Company does not

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

know whether the other unrestricted shareholders are related

parties or not.Shareholders involved in securities margin

N/A

trading (if any)Note: China Merchants Port Investment Development Company Limited (CMPID) was renamed from “ChinaMerchants Investment Development Company Limited” (CMID) on 8 July 2020.

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period

Change of the controlling shareholder in the Reporting Period:

□ Applicable √ Not applicable

The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:

□ Applicable √ Not applicable

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

No preferred shareholders in the Reporting Period.

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

Does the Company have any corporate bonds publicly offered on the stock exchange which were

outstanding before the date of this Report’s approval or were due but could not be redeemed in full?

√ Yes □ No

(1) Bond Profile

Outstanding

Coupon

Bond name Abbr. Bond code Issue date Maturity balance

rate

(RMB’0000)

2020 Public Offering of

Corporate Bonds of

20 CMPort

China Merchants Port 149170 7 July 2020 8 July 2023 200000 3.36%

01

Group Co. Ltd. (for

qualified investors)

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

(Phase I)

(2) Relevant Financial Information as at the End of the Reporting Period

Unit: RMB’0000

Item 30 June 2022 31 December 2021 Increase/decrease

Current ratio 82.53 75.96 8.65%

Debt/asset ratio 37.95% 36.91% 1.04%

Quick ratio 81.80 75.32 8.60%

H1 2022 H1 2021 Increase/decrease

Net profit before exceptional gains

192054.92164469.6116.77%

and losses

EBITDA/debt ratio 11.93% 12.09% -0.16%

Interest cover (times) 4.76 5.24 -9.16%

Cash-to-interest cover (times) 5.20 4.90 6.12%

EBITDA-to-interest cover (times) 7.15 7.80 -8.33%

Loan 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 under the circumstance of the worldwide sporadic outbreaks of the

COVID-19 pandemic and the frequent occurrence of “black swan events” such as Russia-Ukraine

Conflict the Company still guaranteed smooth shipment valued people's livelihood ensured

economic growth and kept providing serving the supply chain with flexibility safety and efficiency.Through focusing on the endogenous growth of development of leading ports and promoting the

extension of logistics value chain with port business as its core value-added service can be offered

to end-customers thus enhancing comprehensive competitiveness and pushing high quality

development.

(1) Focusing on the development of leading ports and stimulating its endogenous growth. In

the first half of 2022 the container business growth of domestic terminals that the Company mainly

controls outpace the average of all coastal terminals. For the domestic homebase port west

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

Shenzhen Port Zone remained a stable container volume during the pandemic showing its enhanced

advantage on dense shipping routes as that net addition of 15 routes was made as compared to the

same period of 2021 representing a further optimization of business structure of the terminal;

Digital Trading Centre for Global Fruits and Vegetable in Hong Kong had been officially opened

and the Shenzhen Western Port Area an international hub port backed its operation to provide the

full process services of online trading platform to customer with efficiency convenience and

standardization continuously forging Shenzhen Western Port Area to the largest port for fruits in

South China. For the overseas homebase port CICT handled a container throughput of 1.62 million

TEUs increased by 7.7% year-on-year. It attracts more local containers and its market share also

climbs up becoming an international container hub port.

(2) Facing the pandemic with science method and well prepared for supplying and assisting

Hong Kong. In respect of pandemic prevention the Company stands its bottom-line to control the

pandemic in a smooth and orderly manner. Shenzhen Western Port Area scientifically responded to

the pandemic reoccurred in Shenzhen in March with unified planning so as to take into

consideration every aspect of a matter and implementation of accurate policies making greatest

anti-pandemic achievement with a minimum of effort. In respect of supplying and assisting Hong

Kong Shenzhen Western Port Area became a port which is shortest fastest with most frequent and

largest capacity from Shenzhen to Hong Kong. In the first half of 2022 the Shipping Route for

Supply to HK of Shenzhen Western Port Area handled a total of loaded containers of 100000 TEUs

with 1717 shipping times accounted for 57% of the amount of goods supplied to Hong Kong by

shipping of Shenzhen port. It ensured that the goods supply to Hong Kong unloaded and accepted in

a shortest and efficient way achieving zero berths of barge operations and zero stock of Hong Kong

supply.

(3) Further expanding business and extending value chain. With respect of domestic business

based on the West Shenzhen homebase port the Company keeps strengthening the building of cargo

collection distribution and transport system replying on Shenzhen Western Port Area. A total of 20

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

coordinated ports of Combined Port Platform in the Guangdong-Hong Kong-Macao Greater Bay

Area has been put into operation and served 3363 import and export enterprises in the area. In the

first half of 2022 over 100000 TEUs were handled and its business scope involving seven cities

within the Greater Bay Area. With respect of oversea business based on the port in Djibouti and

FTA platform the Company combines its storage resources in current ports to extend port service of

“end-to-end”launch and promote the "China-Djibouti - Africa Major regions" sea and air

combined transportation products and complete the operation of the first cargo departing from

Shenzhen West Port Area and then air transportation and distribution to Lagos Nigeria via Djibouti

International Free Trade Zone on May 8. create a brand-new whole-process logistics mode China-

Africa Air and Sea Express expand the business that can directly connect with cargo owners

provide whole-process logistics solutions and strengthen the ability to provide comprehensive

logistics solutions for customers.

(4) Insisting on technological innovation and obtaining great achievements in smart port

construction. Mawan Intelligent Port being as a smart port benchmarking project of China

Merchants Port has been put into operation since June 2021 taking a lead from traditional bulk

terminals upgraded to automated terminal in China. Meanwhile Mawan Intelligent Port owns the

largest unmanned truck fleet at a single terminal in China or even the world including 38 5G

unmanned container trucks operated on board and is also the first 5G+ unmanned demonstration

zone in China. As of June 2022 Mawan Intelligent Port’s shipping routes reached 58 achieving

throughput of 1000000 TEUs since its operation as well as a significant economic benefit. In

addition CTOS project of the port of Thessaloniki Greece implemented by CMPG a high-tech

enterprise under the Company officially launched in June which includes over 60 operation

processes and more than 20 trading types of the port. As such CTOS products of CMPort has fully

achieved the multi-discipline interaction within “Hong Kong- Railway Station- Free Trade Zone”

which represents a successful entry into the European market.

(5) Strengthening industry interaction and deepening comprehensive development. The

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

Company continues to carry out comprehensive development business and promotes investment

attraction of the park. For overseas industrial park Hambantota Industrial Park in Sri Lanka was

occupied by 37 contracted enterprises and successfully introduced INSEE the cement manufacturer

who owns the biggest production scale in Sri Lanka in the first half of 2022. It has gradually formed

an industrial layout of 6+N including household appliances electronics and motors rubber tires

new energy vehicles new materials textile and apparel and other industries; Djibouti Free Trade

Zone was occupied by 237 contracted enterprises. The Company created Djibouti Liaocheng

product storage centre and Djibouti "Made in Liaocheng" products online and offline exhibition

center of cross-border e-commerce with Shandong Liaocheng which helped domestic enterprises

steadily develop foreign trade and invigorate the industrial ecology of Djibouti port and Djibouti

Free Trade Zone.

(6) Deepening management reform and empowering smart operation. The Company

comprehensively built the "digital investment port" and adapted the Smart Management Platform

(the “SMP”) in the first half of the year. The SMP is a united platform that runs through the whole

process connects the whole scene and docks the whole system of the enterprise so as to achieve

comprehensive digital management of business process and provide a one-stop operating model for

the Decision-making personnel Management and Executive to support the management decision

based on the presentation and analysis of global business core data. The SMP adheres to the

combination of top-level design and iterative development mode with digital technology as the key

force and the application of smart tools to drive the transformation of means modes and concepts

of the operation and management of CMPort.

(7) Carrying out capital operations and optimizing capital structure. In the first half of the year

China Merchants Port a holding subsidiary of the Company held additional shares of 3290 million

of SIPG. After the completion the shareholding in SIPG held by China Merchants Port increased

from 26.64% to 28.05% which further consolidated the Company's position as the second largest

shareholder of SIPG so as to share the bonus of port development in Yangtze River Delta. Upon the

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

completion of acquisition of 14.6% equity of Asia Airfreight Terminal (AAT) by China Merchants

Port in the first half of the year its shareholding increased to 34.6%. AAT is one of the three air

cargo terminal operators which have concession authorized by the Airport Authority of Hong Kong.Enlarged shareholding of AAT will help realize the synergy between the Company's terminal

business bonded warehouse business and Hong Kong Airport business expand the space for airport

business development and continuously deepen the logistics supply chain layout in the

Guangdong-Hong Kong-Macao Greater Bay Area.

(3) Year-on-year Changes in Key Financial Data

Unit: RMB

Main reason for

H1 2022 H1 2021 Change (%)

change

Operating revenue 8150462367.19 7339942862.26 11.04% -

Operating costs 4637368881.65 4198451164.27 10.45% -

Administrative

812502660.55766369973.376.02%-

expense

Exchange losses

increased YoY and

the measurement

method adopted for

Finance costs 1351945047.67 730109013.88 85.17% concession royalties

liabilities of TCP

was changed to the

amortized cost

method

Income tax expense 625643717.42 643438595.12 -2.77% -

R&D investments 114833178.50 98344411.25 16.77% -

Net cash generated

from/used in 3221251177.09 2934960407.96 9.75% -

operating activities

YoY increase in

Net cash generated

expenditures on

from/used in -1863650103.30 53828332.73 -3562.21%

equity investments

investing activities

in the current period

YoY increase in net

Net cash generated

inflow of

from/used in 126775022.25 -5513332001.73 102.30%

borrowings in the

financing activities

current period

YoY increase in net

Net increase in cash

cash generated from

and cash 1396165516.30 -2551095256.98 154.73%

financing activities

equivalents

in the current period

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

The measurement

method adopted for

concession royalties

Gains from changes

-38026112.58 -488532866.45 92.22% liabilities of TCP

in fair value

was changed to the

amortized cost

method

2. Matters Related to Financial Reporting

(1) Changes to Accounting Policies Accounting Estimates or Measurement Methods

Compared to the Last Accounting Period

□ Applicable √ Not applicable

(2) Retrospective Restatements due to the Correction of Material Accounting Errors in the

Reporting Period

□ Applicable √ Not applicable

No such cases.

(3) Changes to the Scope of Consolidated Financial Statements Compared to the Last

Accounting Period

During the reporting period except for the establishment of new subsidiaries the Company did not

have any changes in the scope of consolidation due to other reasons.China Merchants Port Group Co. Ltd.Board of Directors

Dated 31 August 2022

10