招港B:2023年第三季度报告（英文）

China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2023-081

CHINA MERCHANTS PORT GROUP CO. LTD.THE REPORT FOR THE THIRD QUARTER OF 2023

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.Importan t Notes:

1. The Board of Directors (or the “Board”) the Supervisory Committee as well as the directors supervisors and

senior management of the Company hereby guarantee the factuality accuracy and completeness of the contents of

this Report and shall be jointly and severally liable for any misrepresentations misleading statements or material

omissions therein.

2. Xu Song the Company’s legal representative Tu Xiaoping the Company’s Chief Financial Officer and Hu

Shaode the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this

Report are factual accurate and complete.

3. Indicate by tick mark whether the financial statements herein have been audited by an independent auditor.

□Yes √ No

4. Securities Times China Securities Journal Shanghai Securities News Ta Kung Pao (HK) and

www.cninfo.com.cn have been designated by the Company for information disclosure. And all information about

the Company shall be subject to what’s disclosed on the aforesaid media.This Report has been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions the Chinese version shall prevail.I Key Financial Information

(I) Key Accounting Data and Financial Indicators

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

Reason for retrospective restatements: Change to accounting policies

The Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for Business Enterprises (C.K.[2022] No. 31) on 30 November 2022 which stipulates that the “accounting treatments for deferred income taxesassociated with assets and liabilities arising from a single transaction to which the initial recognition exemptiondoes not apply” shall take effect since 1 January 2023. In accordance with the aforesaid standard and regulations

of the Ministry of Finance the Company has adopted Interpretation No. 16 for the Accounting Standards for

1China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Business Enterprises since 1 January 2023.YoY YoY

Q3 2022 change Q1-Q3 2022 change

Q3 2023 Q1-Q3 2023

(%)(%)

Before Restated Restated Before Restated Restated

Operating

revenue 3960045863.71 3971339655.24 3971339655.24 -0.28% 11755307434.70 12121802022.43 12121802022.43 -3.02%

(RMB)

Net profit

attributable

to the listed

1246983201.06771042670.19765278732.3962.94%3149317960.492752903994.812753839690.2214.36%

company’s

shareholders

(RMB)

Net profit

attributable

to the listed

company’s

shareholders

1201169655.63738503229.51732739291.7163.93%3002563028.782659052475.112659988170.5212.88%

before

exceptional

gains and

losses

(RMB)

Net cash

generated

from

————3889840857.635003761178.495003761178.49-22.26%

operating

activities

(RMB)

Basic

earnings per

0.500.310.3161.29%1.261.101.1014.55%

(RMB/share)

Diluted

earnings per

0.500.310.3161.29%1.261.101.1014.55%

(RMB/share)

Weighted

average

2.18%1.85%1.84%0.34%5.64%6.72%6.71%-1.07%

return on

equity (%)

31 December 2022 Change (%)

30 September 2023

Before Restated Restated

Total assets

199187448792.81197525530887.76197587102447.310.81%

(RMB)

Equity

attributable

to the listed 58182989856.74 54267143304.02 54291425886.65 7.17%

company’s

shareholders

2China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

(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

2499074661

session before the disclosure of this Report (share)

Fully diluted earnings per share based on the latest total share capital above:

Dividend of preference shares paid No preference shares

Fully diluted earnings per share based on the latest

1.2602

total share capital above (RMB/share)

(II) Exceptional Gains and Losses

Unit: RMB

Item Q3 2023 Q1-Q3 2023 Note

Gain or loss on disposal

of non-current assets

953166.56-5745491.27-

(inclusive of impairment

allowance write-offs)

Government subsidies

charged to current profit

or loss (exclusive of

government subsidies

continually given in the

127549332.32174188829.81-

Company’s ordinary

course of business at

fixed quotas or amounts

as per the government’s

policies and standards)

Capital occupation

charges on non-financial

enterprises that are 61492100.83 175464443.59 -

charged to current profit

or loss

Gain or loss on fair-value

changes in

held-for-trading financial

assets and liabilities &

income from disposal of

held-for-trading financial

assets and liabilities and -76285744.46 66751559.22 -

available-for-sale

financial assets (exclusive

of the effective portion of

hedges that arise in the

Company’s ordinary

course of business)

Reversed portions of

impairment allowances 650755.83 3022646.38 -

for receivables which are

tested individually for

3China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

impairment

Non-operating income

and expense other than -13668762.93 19835260.65 -

the above

Less: Income tax effects 15449184.55 80525241.38 -

Non-controlling

interests effects (net of 39428118.17 206237075.29 -

tax)

Total 45813545.43 146754931.71 --

Other items that meet the definition of exceptional gain/loss:

□ Applicable √ Not applicable

No such cases.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory

Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the

Public—Exceptional Gain/Loss Items:

□ Applicable √ Not applicable

No such cases.(III) Changes in Key Financial Statement Line Items and Their Explanation

Unit: RMB

Change

Balance sheet items 30 September 2023 1 January 2023 Explanation of changes

(%)

Held-for-trading financial Mainly due to increased

5607462945.212998781599.6386.99%

assets structured deposits

Mainly due to increased bank

Notes receivable 268022727.81 36395000.00 636.43%

acceptance notes

Mainly due to impacts of the

Accounts receivable 2263629022.70 1276149689.44 77.38%

payment collection periods

Mainly due to impacts of

discounted bank acceptance

Receivables financing - 163766913.10 -100.00%

notes and payment collection

upon maturity

Mainly due to decreased

Non-current assets due

14145401.03 902225293.93 -98.43% long-term receivables due

within one year

Mainly due to recovery of

Long-term receivables 3795517028.21 5661327499.07 -32.96% shareholder loan from

associate

Other non-current financial Mainly due to impacts of the

884234000.661745740896.41-49.35%

assets shift of the interest in Antong

4China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Holdings to the equity method

for measurement

Mainly due to increased

Short-term borrowings 11501292731.65 7164338366.18 60.54%

borrowings

Mainly due to impacts of the

Accounts payable 511030253.93 811149397.66 -37.00%

settlement of current payables

Mainly due to decreased

Non-current liabilities due

7628993359.98 11641223688.95 -34.47% borrowings due within one

within one year

year

Mainly due to increased

Long-term borrowings 16522302754.07 12390099177.85 33.35%

long-term borrowings

Change

Income statement items Q1-Q3 2023 Q1-Q3 2022 Explanation of changes

(%)

Mainly due to receipt of

Other income 198189876.87 139351673.37 42.22% container throughput subsidy

by subsidiary

Mainly due to increased gains

Gains from changes in fair from changes in the fair value

66751559.22-57567049.93215.95%

value of held-for-trading financial

assets

Change

Cash flow statement items Q1-Q3 2023 Q1-Q3 2022 Explanation of changes

(%)

Mainly due to decreased

Receipts of tax refunds 53168698.78 237739341.38 -77.64%

receipts of tax refunds

Cash receipts from Mainly due to decreased

disposals and recovery of 19747976106.55 33052462359.27 -40.25% principals of structured

investments deposits that were received

Other cash receipts relating Mainly due to recovery of

3174261589.34224624056.641313.14%

to investing activities shareholder loan

Mainly due to decreased

Cash payments to acquire

22362654969.50 45313874275.47 -50.65% principals of structured

investments

deposits that were purchased

Tax was paid on land

Other cash payments preparation income in the

relating to investing 8285621.75 974451295.13 -99.15% same period of last year with

activities no such payment in the

current period

Mainly due to decreased

Cash receipts from

24267718711.38 44074925890.91 -44.94% super-short-term commercial

borrowings

papers that were issued

Other cash payments Payment was made for the

951492124.48694660848.0636.97%

relating to financing acquisition of minority

5China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

activities interests in subsidiary in the

current period

II Shareholder Information

(I) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting

Rights as well as Holdings of Top 10 Shareholders

Unit: share

29741 (18667 Number of preferred

Number of ordinary shareholders A-shareholders 11074 shareholders with resumed 0

B-shareholders) voting rights (if any)

Top 10 shareholders

Sharehold

Shares in

Nature of ing Total shares Restricted

Name of shareholder pledge or

shareholder percentag held shares held

frozen

CHINA MERCHANTS PORT

Foreign legal

INVESTMENT DEVELOPMENT 45.96% 1148648648 0 0

person

COMPANY LIMITED

ZHEJIANG PROVINCIAL SEAPORT

State-owned

INVESTMENT & OPERATION 23.08% 576709537 576709537 0

legal person

GROUP CO. LTD.CHINA MERCHANTS GANGTONG

State-owned

DEVELOPMENT (SHENZHEN) CO. 14.84% 370878000 0 0

legal person

LTD.SHENZHEN INFRASTRUCTURE

INVESTMENT FUND-SHENZHEN Funds wealth

INFRASTRUCTURE INVESTMENT management 2.59% 64850182 0 0

FUND PARTNERSHIP (LIMITED products etc.PARTNERSHIP)

State-owned

BROADFORD GLOBAL LIMITED 2.21% 55314208 0 0

legal person

CHINA-AFRICA DEVELOPMENT State-owned

1.69%4219015100

FUND legal person

HONG KONG SECURITIES Foreign legal

0.25% 6141101 0 Unknown

CLEARING COMPANY LTD. person

CHINA LIFE INSURANCE

Funds wealth

COMPANY LIMITED-TRADITION-

management 0.20% 5034022 0 Unknown

GENERAL INSURANCE

products etc.PRODUCTS-005L- CT001 HU

6China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Funds wealth

BASIC ENDOWMENT INSURANCE

management 0.12% 3095800 0 Unknown

FUND 1006 PORTFOLIO

products etc.CHINA MERCHANTS SECURITIES Foreign legal

0.11% 2669975 0 Unknown

(HK) CO. LTD. person

Top 10 unrestricted shareholders

Shares by type

Name of shareholder Unrestricted ordinary shares held

Type Shares

CHINA MERCHANTS PORT

RMB ordinary

INVESTMENT DEVELOPMENT 1148648648 1148648648

COMPANY LIMITED

CHINA MERCHANTS GANGTONG

RMB ordinary

DEVELOPMENT (SHENZHEN) CO. 370878000 370878000

LTD.SHENZHEN INFRASTRUCTURE

INVESTMENT FUND-SHENZHEN

RMB ordinary

INFRASTRUCTURE INVESTMENT 64850182 64850182

FUND PARTNERSHIP (LIMITED

PARTNERSHIP)

Domestically

BROADFORD GLOBAL LIMITED 55314208 listed foreign 55314208

CHINA-AFRICA DEVELOPMENT RMB ordinary

4219015142190151

FUND share

HONG KONG SECURITIES RMB ordinary

61411016141101

CLEARING COMPANY LTD. share

CHINA LIFE INSURANCE

COMPANY LIMITED-TRADITION- RMB ordinary

50340225034022

GENERAL INSURANCE share

PRODUCTS-005L- CT001 HU

BASIC ENDOWMENT INSURANCE RMB ordinary

30958003095800

FUND 1006 PORTFOLIO share

Domestically

CHINA MERCHANTS SECURITIES

2669975 listed foreign 2669975

(HK) CO. LTD.share

RMB ordinary

MAI SHUQING 2119047 2119047

Broadford Global Limited is the controlling shareholder of China

Related or acting-in-concert parties

Merchants Port Investment Development Company Limited and China

among the shareholders above

Merchants Gangtong Development (Shenzhen) Co. Ltd. The Company

7China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

does not know whether the other unrestricted shareholders are related

parties or not.At the end of the Reporting Period the shareholder of the Company

Top 10 shareholders engaged in Mai Shuqing held 2119047 shares through the customer credit

securities margin trading (if any) transaction secured securities account in China Merchants Securities

Co. Ltd.Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary

shareholders of the Company conducted any promissory repo during the Reporting Period.□ Yes √ No

No such cases in the Reporting Period.(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

III Other Significant Events

□ Applicable √ Not applicable

8China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by China Merchants Port Group Co. Ltd.

30 September 2023

Unit: RMB

Item 30 September 2023 1 January 2023

Current assets:

Cash and bank balances 14421004936.77 13615928739.40

Settlement reserve

Interbank loans granted

Held-for-trading financial assets 5607462945.21 2998781599.63

Derivative financial assets

Notes receivable 268022727.81 36395000.00

Accounts receivable 2263629022.70 1276149689.44

Receivables financing 163766913.10

Prepayments 68184872.66 63627425.42

Premiums receivable

Reinsurance receivables

Receivable reinsurance contract

reserve

Other receivables 1069054613.42 948842094.30

Including: Interest receivable

Dividend receivable 397545783.05 416040485.62

Financial assets purchased under

resale agreements

Inventories 221293573.08 225122821.48

Contract assets

Assets held for sale 225218577.31

Non-current assets due within one year 14145401.03 902225293.93

Other current assets 148105914.11 185903140.53

Total current assets 24306122584.10 20416742717.23

Non-current assets:

Loans and advances to customers

9China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Investments in debt obligations

Investments in other debt obligations

Long-term receivables 3795517028.21 5661327499.07

Long-term equity investments 96401622855.28 92364293919.05

Investments in other equity

154256180.28171945275.02

instruments

Other non-current financial assets 884234000.66 1745740896.41

Investment properties 5003467169.30 5123690119.56

Fixed assets 29016986190.94 32033326083.50

Construction in progress 2554235735.06 2413844407.64

Productive living assets

Oil and gas assets

Right-of-use assets 9679420976.99 9342642222.33

Intangible assets 18224912796.87 19277065115.61

Development expenditure 42696979.13 17412196.16

Goodwill 6492536457.53 6411426891.09

Long-term prepaid expenses 986783450.71 986356904.90

Deferred tax assets 431044017.37 434498820.95

Other non-current assets 1213612370.38 1186789378.79

Total non-current assets 174881326208.71 177170359730.08

Total assets 199187448792.81 197587102447.31

Current liabilities:

Short-term borrowings 11501292731.65 7164338366.18

Borrowings from the central bank

Interbank loans obtained

Held-for-trading financial liabilities

Derivative financial liabilities

Notes payable 65626934.99

Accounts payable 511030253.93 811149397.66

Receipts in advance 41515676.47 9886531.59

Contract liabilities 157513879.74 141899551.03

Financial assets sold under repurchase

agreements

Customer deposits and interbank

deposits

10China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Payables for acting trading of

securities

Payables for underwriting of securities

Employee benefits payable 814586955.69 936834718.13

Taxes payable 1038337112.17 917933169.09

Other payables 2078957201.71 1755885258.26

Including: Interest payable

Dividends payable 527975180.07 92374921.29

Handling charges and commissions

payable

Reinsurance payables

Liabilities directly associated with

87061233.59

assets held for sale

Non-current liabilities due within one

7628993359.9811641223688.95

year

Other current liabilities 2413410616.82 3161147525.96

Total current liabilities 26338325956.74 26540298206.85

Non-current liabilities:

Insurance contract reserve

Long-term borrowings 16522302754.07 12390099177.85

Bonds payable 14428631877.09 19088293099.02

Including: Preferred shares

Perpetual bonds

Lease liabilities 1128191211.64 948350914.04

Long-term payables 3832887208.34 3551315590.31

Long-term employee benefits payable 613635105.00 639095931.43

Provisions 48292293.16 35365156.43

Deferred income 1025541910.14 1031273189.74

Deferred tax liabilities 4585085276.20 4855019835.33

Other non-current liabilities 158828076.59 186383117.00

Total non-current liabilities 42343395712.23 42725196011.15

Total liabilities 68681721668.97 69265494218.00

Shareholders' equity:

Share capital 2499074661.00 2499074661.00

Other equity instruments

Including: Preferred shares

11China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Perpetual bonds

Capital reserve 36384013255.83 34751640835.25

Less: Treasury stock

Other comprehensive income -476340456.18 -689553619.86

Special reserve 47602282.76 26358259.97

Surplus reserves 1001917449.15 1001917449.15

General reserve

Unappropriated profit 18726722664.18 16701988301.14

Total shareholders' equity attributable to

58182989856.7454291425886.65

shareholders of the parent

Minority interests 72322737267.10 74030182342.66

Total shareholders' equity 130505727123.84 128321608229.31

Total liabilities and shareholders' equity 199187448792.81 197587102447.31

Legal Representative: Xu Song

Chief Financial Officer: Tu Xiaoping

Head of Accounting Department: Hu Shaode

12China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

2. Consolidated income statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2023 Q1~Q3 2022

1. Operating income 11755307434.70 12121802022.43

Including: Operating income 11755307434.70 12121802022.43

Interest income

Premium income

Handling charge and

commission income

2. Costs and expenses 9779572277.81 10501686642.56

Including: Operating costs 6791358487.08 6972365667.76

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 220492182.67 215022537.23

Selling expense

Administrative expenses 1216242310.86 1224631704.76

Research and

159294326.98177094589.39

development expenses

Finance expenses 1392184970.22 1912572143.42

Including: Interest

1656923837.501677735954.67

expense

Interest

395605388.12375671992.19

income

Add: Other income 198189876.87 139351673.37

Investment income (Loss is

5271674585.506075167195.89

marked with "-")

Including: Income from

investments in associates and joint 4954944249.39 5900543166.75

ventures

Income from

the derecognition of financial assets at

amortized cost (Loss is marked with "-")

Foreign exchange gain (Loss is

marked with "-")

Net gain on exposure hedges

(Loss is marked with "-")

Gains from changes in fair value 66751559.22 -57567049.93

13China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

(Loss is marked with "-" )

Gains from impairment of credit

-11125698.903855115.26

(Loss is marked with "-" )

Gains from impairment of assets

66220.01

(Loss is marked with "-" )

Gains on disposal of assets (Loss

1458860.96-196629.44

is marked with "-" )

3. Operating profit (Loss is marked with

7502750560.557780725685.02

"-")

Add: Non-operating income 37564635.49 29644821.47

Less: Non-operating expenses 24929758.81 24039852.97

4. Gross profit (Loss is marked with "-") 7515385437.23 7786330653.52

Less: Income tax expenses 990357417.02 951759180.86

5. Net profit (Loss is marked with "-") 6525028020.21 6834571472.66

5.1 Categorization by continuity of

operation

5.1.1 Net profit from continuing

6525028020.216834571472.66

operation (Loss is marked with "-")

5.1.2 Net profit from discontinued

operation (Loss is marked with "-")

5.2 Categorization by attribution of

ownership

5.2.1 Net profit attributable to

shareholders of the parent (Loss is 3149317960.49 2753839690.22

marked with "-")

5.2.2 Profit or loss attributable to

minority shareholders (Loss is marked 3375710059.72 4080731782.44

with "-")

6. Other comprehensive income net of

1031033373.40996497976.79

tax

Other comprehensive income

attributable to owners of the parent net 213213163.68 -48507312.31

of tax

6.1 Other comprehensive income that

29979003.92-119262338.99

will not be reclassified to profit or loss

6.1.1 Changes from remeasurement

of the defined benefit plan

6.1.2 Other comprehensive income

that cannot be reclassified to profit or 29979003.92 -121151008.90

loss under the equity method

6.1.3 Fair value changes of

1888669.91

investments in other equity instruments

6.1.4 Changes in the fair value of

the company’s credit risks

6.1.5 Other

6.2 Other comprehensive income that

will be reclassified subsequently to profit 183234159.76 70755026.68

or loss

6.2.1 Other comprehensive income 22000108.95 -91700081.95

14China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

that can be reclassified to profit or loss

under the equity method

6.2.2 Changes in the fair value of

investments in other debt obligations

6.2.3 Other comprehensive income

arising from the reclassification of

financial assets

6.2.4 Allowance for credit

impairments in investments in other debt

obligations

6.2.5 Reserve for cash flow hedges

6.2.6 Translation differences of

financial statements denominated in 161234050.81 162455108.63

foreign currencies

6.2.7 Other

Other comprehensive income

attributable to minority interests net of 817820209.72 1045005289.10

tax

7. Total comprehensive income

7556061393.617831069449.45

attributable to

7.1 Shareholders of the parent 3362531124.17 2705332377.91

7.2 Minority shareholders 4193530269.44 5125737071.54

8. Earnings per share

8.1 Basic earnings per share 1.26 1.10

8.2 Diluted earnings per share 1.26 1.10

15China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2023 Q1~Q3 2022

1. Cash flows from operating activities:

Cash receipts from sales of goods and

10821599360.5911918924038.43

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

Receipts of tax refunds 53168698.78 237739341.38

Other cash receipts relating to

671156772.71706599949.53

operating activities

Sub-total of cash inflows 11545924832.08 12863263329.34

Cash payments for goods purchased

3360018179.323333947104.49

and services received

Net increase in loans and advances to

customers

Net increase in deposits in the central

bank and in interbank loans granted

Payments for claims on original

insurance contracts

Net increase in interbank loans granted

Interest handling charges and

commissions paid

Policy dividends paid

Cash payments to and on behalf of

2747791602.382683236462.66

employees

Payments of various types of taxes 954791671.16 1179812552.06

16China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Other cash payments relating to

593482521.59662506031.64

operating activities

Sub-total of cash outflows 7656083974.45 7859502150.85

Net Cash Flows from Operating

3889840857.635003761178.49

Activities

2. Cash flows from investing activities:

Cash receipts from disposals and

19747976106.5533052462359.27

recovery of investments

Cash receipts from investments

2081095815.222220592849.82

income

Net cash receipts from disposal of

fixed assets intangible assets and other 32566951.11 2987135.59

long-term assets

Net cash receipts from disposal of

1641426285.25

subsidiaries and other operating units

Other cash receipts relating to

3174261589.34224624056.64

investing activities

Sub-total of cash inflows 26677326747.47 35500666401.32

Cash payments to acquire or construct

fixed assets intangible assets and other 977977871.68 1390346878.35

long-term assets

Cash payments to acquire investments 22362654969.50 45313874275.47

Net increase in pledged loans granted

Net cash payments for acquisitions of

subsidiaries and other business units

Other cash payments relating to

8285621.75974451295.13

investing activities

Sub-total of cash outflows 23348918462.93 47678672448.95

Net cash flows from investing activities 3328408284.54 -12178006047.63

3. Cash flows from financing activities:

Cash receipts from capital

170298000.0010642126434.50

contributions

Including: Cash receipts from capital

contributions from Minority shareholder 170298000.00

of subsidiary

Cash receipts from borrowings 24267718711.38 44074925890.91

Other cash receipts relating to

332582769.6554113606.01

financing activities

Sub-total of cash inflows 24770599481.03 54771165931.42

Cash repayments of borrowings 25878888874.93 32348032159.80

Cash payments for distribution of

dividends or profits or settlement of 4402919196.68 3798772522.27

interest expenses

Including: Payments for distribution of 1586884169.37 1455751857.63

17China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

dividends or profits to Minority

shareholder of subsidiary

Other cash payments relating to

951492124.48694660848.06

financing activities

Sub-total of cash outflows 31233300196.09 36841465530.13

Net cash flows from financing activities -6462700715.06 17929700401.29

4. Effect of foreign exchange rate

212426953.27465277859.93

changes on cash and cash equivalents

5. Net increase in cash and cash

967975380.3811220733392.08

equivalents

Add: Opening balance of Cash and

13567309471.6212727388787.69

Cash Equivalents

6. Closing balance of cash and cash

14535284852.0023948122179.77

equivalents

18China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First

Implementation of the New Accounting Standards Implemented since 2023

Adjustment:

of the Ministry of Finance the Company has adopted Interpretation No. 16 for the Accounting Standards for

Business Enterprises since 1 January 2023. The effects on the financial statements of 2022 are as follows:

Unit: RMB

Item 1 January 2022 Adjusted 1 January 2022

Assets:

Deferred tax assets 398145710.84 56499013.55 454644724.39

Liabilities:

Deferred tax liabilities 4550417470.61 2001049.09 4552418519.70

Shareholders' equity:

Unappropriated profit 14205879106.49 21052360.17 14226931466.66

Minority interests 71234238229.35 33445604.29 71267683833.64

Item 31 December 2022 Adjusted 31 December 2022

Assets:

Deferred tax assets 372927261.40 61571559.55 434498820.95

Liabilities:

Deferred tax liabilities 4853271307.86 1748527.47 4855019835.33

Shareholders' equity:

Other comprehensive income -691536248.44 1982628.58 -689553619.86

Unappropriated profit 16679688347.09 22299954.05 16701988301.14

Minority interests 73994641893.21 35540449.45 74030182342.66

Item 2022 Adjusted 2022

Profit or loss:

Income tax expenses 1113179679.35 -220002.60 1112959676.75

Net profit 8231683297.67 220002.60 8231903300.27

Profit or loss attributable to minority 4894237074.85 -1027591.28 4893209483.57

sOhtahreerh ocldoemrsp rehensive income attributable to

206102739.651982628.58208085368.23

shareholders of the parent net of tax

Other comprehensive income attributable to

1417424133.353122436.441420546569.79

minority interests net of tax

Item Q1~Q3 2022 Adjusted Q1~Q3 2022

Profit or loss:

Income tax expenses 951924182.81 -165001.95 951759180.86

Net profit 6834406470.71 165001.95 6834571472.66

19China Merchants Port Group Co. Ltd. The Report for the Third Quarter of 2023

Profit or loss attributable to minority 4081502475.90 -770693.46 4080731782.44

Oshtahreerh ocldoemrsp rehensive income attributable to

-49994283.751486971.44-48507312.31

shareholders of the parent net of tax

Other comprehensive income attributable to

1042663461.772341827.331045005289.10

minority interests net of tax

(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.China Merchants Port Group Co. Ltd.The Board of Directors

26 October 2023

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