招港B:2024年年度报告摘要（英文版）

China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2025-018

CHINA MERCHANTS PORT GROUP CO. LTD.ANNUAL REPORT 2024 (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 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 the Company’s total share capital

(exclusive of the repurchased shares) at the record date of the dividend payout a cash dividend of

RMB7.40 (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 2024 (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 Liu Libing 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’s core business includes port investment port operation port logistics and smart

technology.The Company has established 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. Port investment includes oversea and domestic port investments. The

Company puts emphasis on its presence in global major hub locations gateway ports and regions

with huge market potential rapid economic growth and promising development in order to capture

investment opportunities in ports logistics and related infrastructure and further improve the global

port network. Port operation mainly includes containers and bulk cargo handling and warehousing

services. The Company focuses on the construction and management of leading port and the

improvement of service so as to provide clients with higher-quality port services.In terms of port logistics leveraging on the innovative park business models and services the

Company conducts in-depth exploration of synergy value between ports and parks and provides

customers with diversified value-added services including warehousing leasing customs clearance

division or merger of cargoes documentation services amongst others in Shenzhen Qianhaiwan

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

Djibouti International Free Trade Zone Hambantota Industrial Park. The Company focuses on port-

related business innovation and supply chain logistics and promotes the development of port tugboat

service tallying business and engineering supervision and management business. The Company

2China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

integrates the port ecological service resources promotes the collaboration and cooperation between

the upstream and downstream of the port logistics value chain and lays a key focus on the openness

and sharing of resources to advance the smooth trade development as well as the efficient operation

of the logistics information flow and capital flow of the port service chain and further help customers

reduce costs and increase efficiency.The smart technology business focuses on the application of new generation of informationtechnology such as big data Internet of Things (IoT) and artificial intelligence promotes “digitalintelligence” and “green” upgrades and continues to empower the core businesses such as the

production management services and ecology of the port. Smart technology injects new momentum

into the development of the port enterprises.The main business segments of the Company are as follows:

Business content

The Company puts emphasis on its presence in global major hub locations gateway

ports and regions with huge market potential rapid economic growth and promising

Port investment

development in order to capture investment opportunities in ports logistics and

related infrastructure and further improve the global port network.Containers: The Company provides ship berthing loading and unloading services to

ship companies offers container storage service to ship companies and cargo owners

and provides overhead box services to tractor companies. The Company also engages

in the businesses of division or merger of cargoes in containers container leasing

Port operation

and container maintenance;

Bulk cargoes: The Company is engaged in bulk cargo handling and transportation in

port zones as well as storage services in yards. The major types of cargoes handled

include ores grain forage oil and coal.The Company provides various services including warehouse/yard leasing loading

and unloading in warehouses/yards customs clearance and division or merger of

cargoes at terminals intermodal transportation logistics and transportation and

value-added warehousing services for clients (including logistics companies trading

companies or cargo owners). Relying on the port-surrounding land resources the

Company conducts the comprehensive development to enhance the land value.Enhancing the value of commercial properties and providing its customers with

Port logistics quality property leasing and other related services. The port tugboat service tallying

business and engineering supervision and management business and the Company

integrates the port ecological service resources promotes the collaboration and

cooperation between the upstream and downstream of the port logistics value chain

and lays a key focus on the openness and sharing of resources to advance the smooth

trade development as well as the efficient operation of the logistics information flow

and capital flow of the port service chain and further help customers reduce costs and

increase efficiency.Focusing on the application of new generation of information technology such asbig data Internet of Things (IoT) and artificial intelligence promoting “digitalSmart intelligence” and “green” upgrades and continuing to empower the port’s core

technology businesses such as the production management services and ecology of the port.Smart technology injects new momentum into the development of the port

enterprises.

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

operates and its industry position during the Reporting Period

3China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

The Company is a global leading port investor developer and operator as one of the top port operators

in the world and has the resource endowment and unique advantages to build a world-class

comprehensive port service provider. In terms of scale as at the end of the reporting period the

Company has established a relatively complete port network at major hub locations along coastal

China with its presence in 51 ports in 26 countries and regions including Asia Africa Europe

Oceania South and North America. According to the statistics of Drewry in 2023 the Company’s

equity throughput of containers reached 55.00 million TEUs ranking among the top global port

operators. In terms of quality the master terminals controlled by the Company have occupied various

market and regional leading positions. Leveraging on the good ground of port technology and based

on the CTOS system self-developed by CMPort the Company has worked out the worldwide first

full-case full-time all-regime and multifactor traditional container terminal upgrading solution and

has built the trade facilitation platform for the Guangdong-Hong Kong-Macao Greater Bay Area

through blockchain technology which has been extended to 30 terminals to help enhance the trade

facilitation level in the Greater Bay Area. In addition the Company continued to promote ESG

construction and strived to create an ESG port benchmark in the industry. In terms of performance

the Company has continually promoted high-quality development and has been an industry leader in

terms of net profit margin and overall labour productivity and other indicators.

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

2024-over-

202420232022

2023 change

Operating income

16130778028.2415750475780.222.41%16230489127.55

(RMB)

Net profit attributable

to the listed

4516301317.163571800762.1626.44%3338693816.70

company’s

shareholders (RMB)

Net profit attributable

to the listed

company’s

4047031601.713339226783.7321.20%3365017880.33

shareholders before

exceptional gains and

losses (RMB)

Net cash generated

from operating 8013212824.40 6579606635.17 21.79% 6920377390.35

activities (RMB)

Basic earnings per

1.811.4326.57%1.61

share (RMB/share)

Diluted earnings per

1.811.4326.57%1.61

share (RMB/share)

Weighted average

7.51%6.35%1.16%7.54%

return on equity (%)

Change of 31

December

31 December 2024 31 December 2023 2024 over 31 31 December 2022

December

2023(%)

4China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

Total assets (RMB) 201517851881.45 198557296667.26 1.49% 197587102447.31

Equity attributable to

the listed company’s 61502739842.96 58847592947.55 4.51% 54291425886.65

shareholders (RMB)

(2) Key Financial Information by Quarter

Unit: RMB

Q1 Q2 Q3 Q4

Operating income 3866684797.87 4108508285.77 4191147919.01 3964437025.59

Net profit attributable to the

listed company’s 1036713969.25 1510114486.83 1189284910.16 780187950.92

shareholders

Net profit attributable to the

listed company’s

812854501.461351291291.541191951524.77690934283.94

shareholders before

exceptional gains and losses

Net cash generated from

1423655572.281698728132.752277775237.832613053881.54

operating 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

shareholders

33203 (22939 ordinary 36000 Number of preferred

Number of with resumed

A-shareholder shareholders at (25724 A- shareholders with

ordinary voting rights at

s and 10264 the month-end shareholders resumed voting rights 0 0

shareholders at the month-end

B-shareholder prior to the and 10276 B- at the period-end (if

the period-end prior to the

s) disclosure of shareholders) 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 45.92% 1148648648 0 0 1148648648 0

DEVELOPMENT person

COMPANY

LIMITED

5China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

ZHEJIANG

PROVINCIAL

State-

SEAPORT

owned

INVESTMENT & 23.06% 576709537 0 576709537 0 0

legal

OPERATION

person

GROUP CO.LTD.CHINA

MERCHANTS State-

GANGTONG owned

14.83%370878000003708780000

DEVELOPMENT legal

(SHENZHEN) person

CO. LTD.SHENZHEN

INFRASTRUCTU

INVESTMENT

FUND- Fund and

SHENZHEN wealth

INFRASTRUCTU managemen 2.59% 64850182 0 0 64850182 0

RE t products

INVESTMENT etc.FUND

PARTNERSHIP

(LIMITED

PARTNERSHIP)

State-

BROADFORD

owned

GLOBAL 2.21% 55314208 0 0 55314208 0

legal

LIMITED

person

State-

CHINA-AFRICA

owned

DEVELOPMENT 0.62% 15610368 -26579783 0 15610368 0

legal

FUND

person

HONG KONG

Foreign

SECURITIES

legal 0.34% 8476141 4140380 0 8476141 0

CLEARING

person

COMPANY LTD.Domestic

ZOU YANMIN natural 0.20% 4880409 4880409 0 4880409 0

person

CHINA

CONSTRUCTION

BANK

Fund and

CORPORATION-

wealth

YINHUA

managemen 0.16% 4078300 4078300 0 4078300 0

WEALTH

t products

THEME MIXED

etc.SECURITIES

INVESTMENT

FUND

MORGAN

STANLEY

INVESTMENT

Foreign

MANAGEMENT

legal 0.12% 2912000 2912000 0 2912000 0

COMPANY-

person

MORGAN

STANLEY

CHINA A FUND

6China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

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 November 2019

Strategic investors or general

and the lock-in period lasted until 4 November 2020. China-Africa Development Fund subscribed

legal person becoming top-ten

for 64102564 shares of the Company offered in a non-public manner in 2019 for raising supporting

ordinary shareholders due to

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

placing of new shares (if any)

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.

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

Related or acting-in-concert Port Investment Development Company Limited is the wholly-owned subsidiary of Rainbow

parties among the shareholders Reflection Limited.above 2. Broadford Global Limited is the controlling shareholder of China Merchants Gangtong

Development (Shenzhen) Co. Ltd.The Company does not know whether the other unrestricted shareholders are related parties or not.Broadford Global Limited is entrusted to manage the 74.66% shares of Rainbow Reflection Limited

Above shareholders involved in

held by China Merchants Holdings (Hong Kong) Company Limited and China Merchants Port

entrusting/being entrusted and

Investment Development Company Limited is the wholly-owned subsidiary of Rainbow Reflection

giving up voting rights

Limited.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 ordinary 1148648648

DEVELOPMENT COMPANY

LIMITED

CHINA MERCHANTS

RMB

GANGTONG

370878000 ordinary 370878000

DEVELOPMENT

(SHENZHEN) CO. LTD.SHENZHEN

INFRASTRUCTURE

INVESTMENT FUND-

RMB

SHENZHEN

64850182 ordinary 64850182

INFRASTRUCTURE

INVESTMENT FUND

PARTNERSHIP (LIMITED

PARTNERSHIP)

Domestical

BROADFORD GLOBAL ly listed

5531420855314208

LIMITED foreign

RMB

CHINA-AFRICA

15610368 ordinary 15610368

DEVELOPMENT FUND

RMB

HONG KONG SECURITIES

8476141 ordinary 8476141

CLEARING COMPANY LTD

Domestical

ly listed

ZOU YANMIN 4880409 4880409

foreign

CHINA CONSTRUCTION

BANK CORPORATION- RMB

YINHUA WEALTH THEME 4078300 ordinary 4078300

MIXED SECURITIES share

INVESTMENT FUND

7China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

MORGAN STANLEY

INVESTMENT RMB

MANAGEMENT COMPANY- 2912000 ordinary 2912000

MORGAN STANLEY CHINA share

A FUND

Domestical

ly listed

QIAN GUANGHAI 2491064 2491064

foreign

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

Related or acting-in-concert Port Investment Development Company Limited is the wholly-owned subsidiary of Rainbow

parties among the shareholders Reflection Limited.above 2. Broadford Global Limited is the controlling shareholder of China Merchants Gangtong

Development (Shenzhen) Co. Ltd.The Company does not know whether the other unrestricted shareholders are related parties or not.Top 10 ordinary shareholders

involved in securities margin N/A

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

(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

8China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

Note: The Company disclosed the Announcement on the Proposed Change in Shareholding Structure of the

Controlling Shareholder on 14 December 2024 in which Broadford Global Limited the controlling shareholder of

the Company transferred 74.66% of the shares of Rainbow Reflection Limited held by China Merchants Holdings

(Hong Kong) Company Limited and at the same time all the aforesaid transferred shares were entrusted to

Broadford Global Limited for management by China Merchants Holdings (Hong Kong) Company Limited.On 24 January 2025 the Company received the updated registers of members of Rainbow Reflection Limited and

Broadford Global Limited and was informed that China Merchants Holdings (Hong Kong) Company Limited was

registered as a shareholder of Rainbow Reflection Limited (holding 21120986262 ordinary shares in the share

capital of Rainbow Reflection Limited representing 74.66% of the total share capital of Rainbow Reflection

Limited) and Broadford Global Limited had completed the share cancellation procedures. Since then the transfer

and trusteeship of shares were completed and the change in the shareholding structure of the controlling shareholder

was completed. For specific details please refer to the announcement released by our company on January 25 2025

regarding the completion of changes in the shareholding structure of the controlling shareholder.

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

(1) Bond Profile

Outstanding balance Interest

Bond name Abbr. Bond code Issue date Maturity

(RMB’0000) rate

2022 Public

Offering of 22 CMPort 29 August 2022 to

Corporate 148052 30 August 2025 300000.00 2.69% 01 30 August 2022

Bonds of

China

9China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

Outstanding balance Interest

Bond name Abbr. Bond code Issue date Maturity

(RMB’0000) rate

Merchants

Port Group

Co. Ltd. (for

professional

investors)

(Phase I)

2024 Public

Offering of

Sci-Tech

Innovation

Corporate

Bonds of

24 CMPort 22 August 2024 to

China 148877 23 August 2029 200000.00 2.18%

K1 23 August 2024

Merchants

Port Group

Co. Ltd. (for

professional

investors)

(Phase I)

Interest payment during the During the Reporting Period interest on “22 CMPort 01” for the period from 30 August 2023 to

Reporting Period 29 August 2024 was paid on 30 August 2024.

(2) Latest Rating and Rating Change

On 29 February 2024 China Chengxin International Credit Rating Co. Ltd. (CCXI) issued the 2024

Follow-up Rating Report (XPWHZ [2024] No. 0305). 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 2024 31 December 2023 Change

Current ratio 79.27% 80.71% -1.78%

Debt/asset ratio 36.40% 36.76% -0.36%

Quick ratio 77.36% 79.96% -3.25%

2024 2023 Change

Net profit before exceptional

404703.16333922.6821.20%

gains and losses (RMB ’0000)

EBITDA/debt ratio 21.28% 19.65% 1.63%

Interest cover (times) 4.49 3.85 16.62%

Cash-to-interest cover (times) 5.05 4.38 15.30%

EBITDA-to-interest cover

6.926.2810.19%

(times)

Debt repayment ratio (%) 100.00% 100.00% -

Interest payment ratio (%) 100.00% 100.00% -

Part III Significant Events

10China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

1. Implementation Situation of Operation Scheme During the Reporting Period

During the reporting period the Company adhered to the general principle of seeking progress while

maintaining stability. Aiming at the goal of achieving “world-class” the Company maintained

strategic stability combined integrity and innovation strengthened the controlled business

optimized management refined operations expanded the layout and prolonged the new chapter of

high-quality development resulting in all-time high performance and satisfactory results.

(1) Homebase port construction: Strengthening the homebase port foundation and enhancing

core competitiveness. The West Shenzhen Port Zone achieved a record high container throughput

surpassing 15 million TEUs with the market share of foreign trade containers in Shenzhen Port

exceeding 50% significantly enhancing its homebase port status. The bulk cargo business remained

stable with a positive trend with compound fertilizer and rapeseed maintaining the No.1 market

share nationwide while imported wheat meal and domestic trade corn maintained the No.1 market

share in South China. CICT in Sri Lanka expanded new quality routes and strengthened cooperation

with shipping companies resulting in both container volume and profit growth. HIPG steadily

launched its container business. Its port functions have been increasingly strengthened and the

business indicators have steadily improved.

(2) Overseas expansion: Key projects implemented and existing projects performed well. The

Company vigorously promoted its international strategy. China Merchants Port a holding subsidiary

of the Company successfully completed the acquisition of 51% equity interests in the NPH project

in Indonesia at the end of June 2024 marking its first step into the Indonesian market and further

expanding its port network in Southeast Asia. In addition existing overseas projects achieved strong

performance across multiple areas with the business volume revenue and net profit of overseas

controlled subsidiaries CICT in Sri Lanka TCP in Brazil and LCT in Togo all hitting record highs

underscoring the Company’s strengths in global presence and internationalized operations.

(3) Operation management: Deepening lean management and achieving cost leadership. In

terms of lean management the Company systematically established the COE mechanism and

promoted it across the controlled subsidiaries forming replicable management experience and

achieving two-level interplay with remarkable results. Meanwhile the Company’s engineering

management capability and business control capability have been significantly enhanced through the

optimization of its organizational structure and improvement of its policies and mechanisms. In

terms of cost leadership from the meticulous mindset of “Every Little Bit Makes a Difference” to

the concept of “Big Cost Perspective” the Company continuously improved the “Refined CostControl System” with its own characteristics further enhancing its profitability.

(4) Technological innovation: Digital intelligence empowerment to drive industrial upgrades.

Mawan Smart Port passed the on-site assessment of “Five-Star China’s Smart Port”. “CMCore”

CTOS was deployed again in the European market with agreements signed with MITO Terminal

and Duferco Terminal in Italy for CTOS licensing implementation and maintenance. The Company

built Internet of Things applications and a “digital base” achieving full connectivity of IoT devices

and facilities in terminals. The autonomous driving product enabled system scheduling of unmanned

vehicles in the pilot port area with operational efficiency in pole efficiency and vehicle efficiency

surpassing industry levels. In cooperation with AI model manufacturers the Company launched

“AI+” which includes equipment maintenance assistants system compliance assistants and port

operation assistants.

(5) Green transformation: Accelerating green transition and exploring new energy bunkering.

The Company continued to improve the “Dual Carbon” management mechanism and promoted the

11China Merchants Port Group Co. Ltd. Annual Report 2024 (Summary)

use of clean energy and new technologies adding 12.3 MW of photovoltaic power generation

throughout the year reducing carbon emissions by approximately 86 million tonnes annually. In the

West Shenzhen Port Zone 185 trailers were replaced with new energy vehicles and investment was

made in the construction of a power swap station. CICT in Sri Lanka carried out electrification

transformation for 54 trailers. Additionally the Company collaborated with Guangzhou Port to

explore the development of clean energy bunkering business.

(6) Deepening reforms: Advancing “Double Hundred Action” to stimulate corporate vitality.In 2024 as a Double Hundred Enterprise the Company actively advanced the “Double HundredReform” comprehensively promoting recruitment through competitive examination strengtheningperformance appraisal and effectively implementing the six-measure mechanism of “promotion ordemotion employment or dismissal and salary increment or decrement”. The Company

continuously improved corporate governance established a value creation benchmarking system

and promoted hierarchical streamlining achieving a series of results that stimulated corporate

vitality.

(7) ESG construction: Promoting decentralized management and achieving new rating

milestones. The Company pushed forward the decentralization of ESG management establishing a

vertical and coordinated interoperability mechanism from headquarters to subsidiaries and

strengthened promotional efforts through special meetings on-site research and training. Regarding

ESG ratings according to WIND’s ESG rating results the Company achieved an “AA” rating.Additionally the Company’s controlled subsidiary China Merchants Port received an ESG rating

upgrade to “BBB” from MSCI the highest rating among A-share and Hong Kong-listed portcompanies. Both CICT and HIPG in Sri Lanka were honored with the title of “Sri Lanka’s MostSignificant Foreign Direct Investment Contributors” by the Board of Investment of Sri Lanka (BOI).

2. Operating Division Product Category Operating Segment or Distribution Model

Contributing over 10% of Operating Income or Operating Profit

Unit: RMB

YoY

YoY change in

Gross change in

change in gross

Operating income Operating costs profit operating

operating profit

margin income

costs (%) margin

(%)