Financial Performance - The profit attributable to equity holders was HKD 7.919 billion, up 27.0% from HKD 6.233 billion in 2023 [4] - The basic earnings per share increased to HKD 1.886, a rise of 23.1% compared to HKD 1.532 in 2023 [4] - Revenue for the year was HKD 11.842 billion, representing a growth of 3.1% from HKD 11.482 billion in 2023 [5] - The regular profit attributable to equity holders was HKD 7.550 billion, up 22.6% from HKD 6.159 billion in 2023 [4] - The final dividend per share was HKD 0.636, compared to HKD 0.48 per share in 2023 [4] - The group reported a profit attributable to equity holders of HKD 7,919 million in 2024, up from HKD 6,233 million in 2023, representing a growth of 27% [29] - The proposed final dividend per ordinary share increased to HKD 0.636 in 2024 from HKD 0.48 in 2023, totaling HKD 2,670 million compared to HKD 2,015 million in the previous year [28] Revenue Breakdown - Revenue from port operations was HKD 10,992 million, up from HKD 10,680 million, reflecting a growth of 2.92% [13] - Revenue from bonded logistics business was HKD 639 million, an increase from HKD 593 million, representing a growth of 7.77% [13] - Revenue from mainland China, Hong Kong, and Taiwan was HKD 6,004 million, a decrease of 5.43% from HKD 6,348 million in 2023 [16] - Revenue from Brazil increased to HKD 2,237 million, up 13.14% from HKD 1,977 million in 2023 [16] - Total revenue for the year ended December 31, 2023, was HKD 11,482 million, with a significant contribution from the port business at HKD 10,680 million [18] Container Throughput - The total container throughput reached 145.75 million TEU, an increase of 6.0% year-on-year (2023: 137.48 million TEU) [4] - The group's port container throughput reached 145.745 million TEU in 2024, representing a year-on-year growth of 6.0% [45] - Domestic ports in mainland China, Hong Kong, and Taiwan achieved a container throughput of 108.91 million TEU, up 5.3% year-on-year, driven by growth in Shenzhen's western port area and the Yangtze River Delta [44] - Overseas port projects completed a total container throughput of 36.84 million TEU, reflecting an 8.1% increase year-on-year, with significant contributions from Sri Lanka's CICT and Brazil's TCP [52] Assets and Liabilities - The total assets decreased to HKD 169.474 billion from HKD 172.314 billion in 2023 [9] - The total equity rose to HKD 121.432 billion, compared to HKD 120.845 billion in 2023 [9] - Total liabilities stood at HKD 48,042 million, reflecting the company's financial obligations across its operations [20] - The group's total assets as of December 31, 2024, were HKD 169.474 billion, remaining stable compared to the beginning of the year, while total liabilities decreased by 6.7% to HKD 48.042 billion [55] Capital Expenditure - Capital expenditure for the year was HKD 1,478 million, which includes HKD 429 million for port operations and HKD 884 million for other investments [17] - Capital expenditures for the year amounted to HKD 1,873 million, demonstrating the company's commitment to expansion and investment in infrastructure [18] - The group's capital expenditure for the year was HKD 1.478 billion, and it maintained a strong financial position with sufficient unutilized bilateral bank loan limits of HKD 13.744 billion [59] Operational Efficiency and Innovations - The company has implemented a "lean operation" system, enhancing engineering management and business control capabilities [41] - The company is advancing its green transformation by replacing 185 units of new energy trucks and investing in charging stations at Shenzhen's western port area [42] - The company is collaborating with AI model manufacturers to launch equipment operation assistants and port service assistants, enhancing operational efficiency [41] - New technology initiatives are underway, with a focus on automation and digitalization to enhance operational efficiency, projected to reduce costs by 10% [94] Market Outlook and Strategy - Future outlook includes continued focus on market expansion and potential acquisitions to enhance growth opportunities [18] - The group expects global economic growth to be 3.2% in 2024, with developed economies growing at 1.7% and emerging markets at 4.2% [34] - The company aims to enhance its core competitiveness by optimizing its strategic framework, focusing on six key strategies including overseas strategy and low-carbon strategy [79] - The company plans to expand its market presence by investing in new terminal facilities, aiming for a 20% increase in capacity by 2026 [96] Sustainability and Governance - The company is committed to sustainable development, integrating it into investment, operations, and management, and has received an upgraded ESG rating to BBB from MSCI [75] - The company recognizes the importance of ecological and biodiversity protection, implementing measures to reduce operational impacts on marine ecosystems [71] - The company is focused on enhancing community engagement through various public welfare projects, contributing to local economic growth [72] - The company is committed to maintaining high standards of corporate governance to enhance investor confidence and shareholder returns [83] Employee and Talent Management - The group employed 8,713 full-time staff, with total salaries paid amounting to HKD 2.288 billion, representing 29.3% of total operating expenses [67] - The group has implemented a talent management initiative called the "Hundred Seedling Plan" to enhance talent development and retention [67]

资料显示，公司前身系1991年5月在香港注册成立的AttingtonInvestmentLimited，1992年在香港联合交易 所上市，证券代码为"00144.HK"。1997年公司更名为招商局国际有限公司，核心业务转向港口及港口 相关业务，2016年8月公司更名为现名。2018年公司原子公司深圳赤湾港航股份有限公司（以下简称"深 赤湾"）完成资产重组，同时更名为招商局港口集团股份有限公司（以下简称"招商港口"，证券代 码"001872.SZ"），招商港口以发行股份形式购买招商局投资发展有限公司（后更名为招商局港口投资 发展有限公司，以下简称"CMPID"）持有的公司1,313,541,560股普通股股份（约占招商局港口已发行普 通股股份总数的39.45%）；同时，招商港口通过与招商局集团（香港）有限公司（以下简称"CMHK"） 签署《一致行动协议》，约定CMHK就其受托行使的公司753,793,751股普通股股份（约占公司已发行普 通股股份总数的23%）的表决权应当与招商港口在公司股东大会审议事项的表决上无条件保持一致，并 以招商港口的意见为准进行表决，招商港口成为公司第一大股东，并将公司纳入合并范围。公 ...

Summary of Conference Call on Port Assets Industry Overview - The conference call discusses the impact of Li Ka-shing's CK Hutchison Group selling its port assets, which has garnered significant market attention. The deal, valued at $22.81 billion, involves the sale of core global port operations across 23 countries, including key ports at both ends of the Panama Canal, which are strategically important for global shipping networks [2][3]. Key Points and Arguments - **CK Hutchison Group's Sale**: The sale includes 43 ports and associated smart terminal management systems and global logistics networks, highlighting the strategic importance of these assets for trade, especially for China, which is the second-largest customer of the Panama Canal [2]. - **China Merchants Port's Overseas Investments**: China Merchants Port has invested in nine overseas port companies along the Belt and Road Initiative, with significant assets in Sri Lanka, Togo, Indonesia, and Brazil. In 2024, the container throughput for China Merchants Group's overseas terminals is projected to reach 37.363 million TEUs, a year-on-year increase of 9.7% [2][4]. - **COSCO Shipping Ports' Global Presence**: COSCO Shipping Ports controls 15 terminals globally, with significant operations in Europe, the Mediterranean, the Middle East, Southeast Asia, South America, and Africa. The Piraeus F4 terminal in Greece is noted as the largest container terminal in Greece and a major transshipment hub in the Eastern Mediterranean. In the first half of 2024, overseas business revenue accounted for 50.3% of COSCO's total revenue [2][5]. - **Recent Acquisitions**: In March 2025, China Merchants Group acquired a 51% stake in Indonesia's NPH Company for $6.122 million, which operates the largest container terminals in Jakarta. Additionally, a 70% stake in Brazil's Vistabay was acquired, which handles 560,000 barrels of crude oil daily [2][6]. - **Valuation and Dividend Potential**: The port sector is currently undervalued but shows high dividend potential. China Merchants is expected to have a dividend yield of 3.1% in 2024, while Shanghai Port is projected at 3.3%. H-shares for China Merchants and COSCO are expected to yield 5% and 5.8%, respectively. As capital expenditures decrease, companies are likely to increase their dividend payouts [2][7]. - **Market Response**: Following the announcement of the asset sale, shares of companies with overseas port assets, such as China Merchants Port, have seen significant increases, including a trading halt due to price surges, indicating market recognition of the value of port assets [2][3]. Other Important Insights - **Regional Performance Variability**: The Piraeus F4 terminal experienced a 12.9% year-on-year decline in total throughput in the first half of 2024 due to regional events, while other terminals in regions like Zeebrugge and Spain showed significant growth, indicating a mixed performance landscape across different geographical areas [2][5]. - **Strategic Resource Value**: The conference emphasized the increasing value of strategic resources in the context of global competition, suggesting that investors should pay attention to opportunities in companies like China Merchants and COSCO [2][7].

| --- | --- | --- | --- | |-------------------------------------------------------------------------------|-------|-------|-------| | | | | | | 商 局 港口控股有限公司 | | | | | CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Stock Code 股份代號 : 00144 WE | | | | | CONNECT THE WORLD | | | | | 2024 INTERIM REPORT 中期報告 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------|-------|------------------------------------------------------------------------------------|-------|--- ...

Financial Performance - Profit attributable to equity holders was HKD 4.452 billion, an increase of 32.9% year-on-year (2023: HKD 3.351 billion) [3] - Basic earnings per share increased by 26.7% to HKD 1.0605 (2023: HKD 0.8369) [4] - Net profit for the period was HKD 4.914 billion, compared to HKD 3.984 billion in 2023 [5] - The company reported a profit attributable to equity holders of HKD 4,452 million for the six months ended June 30, 2024 [13] - Net profit attributable to equity holders increased to HKD 4.452 billion, a year-on-year rise of 32.9%, driven by fair value gains on financial assets and a reversal of receivables impairment [45] Revenue and Throughput - Container throughput reached 71.77 million TEU, a year-on-year increase of 7.9% (2023: 66.50 million TEU) [3] - Bulk cargo throughput was 274 million tons, up 1.7% year-on-year (2023: 270 million tons) [3] - Revenue for the six months ended June 30, 2024, was HKD 5.795 billion, slightly down from HKD 5.805 billion in 2023 [4] - The revenue from terminal operations was HKD 5,402 million, remaining relatively stable compared to HKD 5,406 million in the previous year [9] - Revenue from the Greater Bay Area was HKD 2,091 million, while the Yangtze River Delta contributed HKD 460 million, indicating a focus on regional performance [13] Assets and Liabilities - Total assets as of June 30, 2024, were HKD 170.974 billion, down from HKD 172.314 billion at the end of 2023 [6] - Total equity increased to HKD 121.982 billion from HKD 120.845 billion at the end of 2023 [7] - Total liabilities were reported at 43,758 million, with significant obligations in the Long Triangle and other regions [15] - Total assets amounted to HKD 172,314 million as of June 30, 2024, compared to HKD 171,944 million in the previous period [16] Dividends - The interim dividend per share was HKD 0.25, up from HKD 0.22 in 2023 [3] - The interim cash dividend declared was HKD 1,050 million, with an increase in dividend per share to HKD 0.25 from HKD 0.22 in the previous year [22] Operational Efficiency and Strategy - The overall performance indicates a strategic emphasis on regional markets and operational efficiency despite slight revenue declines in certain segments [11] - The company aims to enhance operational efficiency and expand its global footprint, focusing on innovation and sustainable practices in response to market dynamics [33] - The company plans to implement six strategic initiatives, including domestic and overseas port strategies, innovation, digitalization, lean operations, and low-carbon strategies [57] Market and Economic Outlook - Global GDP growth is projected at 3.2% for 2024, a decrease of 0.1 percentage points from 2023, reflecting ongoing economic challenges [30] - China's GDP for the first half of 2024 reached RMB 61.68 trillion, growing by 5.0% year-on-year, supported by a recovery in external demand [31] - The global container shipping market is expected to see a demand growth of 3.0% in 2024, despite supply-side challenges and geopolitical tensions [31] Corporate Governance - The board of directors is committed to maintaining high standards of corporate governance and business ethics, believing it is crucial for enhancing investor confidence and maximizing shareholder returns [61] - The company confirmed that all directors complied with the standards set forth in the standard code during the reporting period [61] - The company will regularly review and update its current practices to reflect the latest best practices in corporate governance [61] Sustainability and ESG - The company aims to achieve carbon neutrality and has implemented measures to enhance environmental management, including obtaining ISO 50001 and ISO 14001 certifications for energy and environmental management systems [54] - The company is committed to integrating ESG principles into supply chain management, focusing on supplier performance and sustainable development [55] Employee and Talent Development - Employee costs, including directors' remuneration, were HKD 1,051 million for the first half of 2024, slightly up from HKD 1,036 million in the same period of 2023 [21] - The company has initiated a talent development program that attracted 34 young talents from 21 countries, enhancing its international perspective and cross-cultural talent exchange [53]

Financial Performance - Total revenue for 2023 was HKD 11,482 million, a decrease of 8.5% compared to HKD 12,545 million in 2022[3] - Profit attributable to equity holders decreased by 19.9% to HKD 6,233 million from HKD 7,781 million in the previous year[3] - The company reported a net cash generated from operating activities of HKD 7,238 million, down 17.6% from HKD 8,781 million in 2022[3] - The basic earnings per share fell by 24.0% to HKD 153.22 from HKD 201.52 in 2022[3] - The company’s mid-term dividend remained unchanged at HKD 22.00, while the final dividend decreased by 20.0% to HKD 48.00 from HKD 60.00[3] - In 2023, the company's revenue was HKD 11.482 billion, a decrease of 8.5% year-on-year, primarily due to the sale of Ningbo Daxie China Merchants International Terminal in August 2023[28] - The profit attributable to equity holders of the company was HKD 6.233 billion, down 19.9% year-on-year, with recurring profit at HKD 6.159 billion, a decline of 24.2%[28] Operational Highlights - Port business revenue declined by 9.7% to HKD 10,680 million, while bonded logistics business revenue increased by 13.6% to HKD 593 million[4] - The global port projects completed a container throughput of 13.748 million TEUs, an increase of 0.7% compared to 2022, while bulk cargo throughput reached 557 million tons, up 2.0%[23] - The company achieved a container throughput of 10.341 million TEUs in mainland China, Hong Kong, and Taiwan, reflecting a year-on-year growth of 0.7%[23] - Major ports in the Greater China region achieved a container throughput of 169.5 million TEU in 2023, a year-on-year increase of 2.1%[43] - The total container throughput of mainland Chinese ports reached 310.34 million TEU in 2023, reflecting a year-on-year growth of 4.9%[43] Strategic Initiatives - The company agreed to acquire 51% of PT Nusantara Pelabuhan Handal Tbk for about USD 61.2 million (approximately HKD 4.78 billion), enhancing its operational management in Indonesia[17] - The company plans to acquire a 51% stake in PT Nusantara Pelabuhan Handal Tbk, listed on the Indonesia Stock Exchange, to enhance its strategic port network in Southeast Asia[25] - The group plans to acquire a 51% stake in Indonesia's PT Nusantara Pelabuhan Handal Tbk for approximately $61.2 million, enhancing its presence in Southeast Asia[47] - The company is focusing on "high-quality development" and "lean operations" to navigate the complex external environment and enhance its operational efficiency[23] - The company aims to enhance core competitiveness through digital and green technology initiatives[33] Market Outlook - The global trade volume is expected to grow by only 0.8% in 2023, significantly lower than previous forecasts, due to inflation and demand contraction in developed countries[20] - The shipping market is expected to face an imbalance in supply and demand, leading to continued weakness in freight rates in 2024[33] - The company anticipates a "short peak, long tail" cycle in the container shipping market for 2024, with continued low growth and weakening freight rates due to supply-demand imbalances and geopolitical factors[94] ESG and Sustainability - The company received a rating upgrade to "BB" from MSCI, reflecting its improved ESG practices, and won multiple awards for its sustainability efforts[27] - The company emphasizes sustainable development, integrating ESG strategies into operations and management, and aims to enhance its internal ESG management level and external information disclosure[86] - The company is committed to minimizing the ecological impact of its port operations and has implemented various environmental monitoring programs, including initiatives for wildlife conservation in Sri Lanka and Togo[87] - The company has received recognition for some of its terminals, achieving a four-star rating as a "China Green Port"[86] - The company is enhancing its workplace environment by optimizing employee welfare and providing multiple communication channels for employee feedback[89] Governance and Management - The board of directors held 12 meetings in the year, with attendance rates ranging from 91.67% to 100%[121] - The company appointed a new chairman and CEO on July 24, 2023, with the previous chairman resigning on the same date[123] - The company has a commitment to high ethical standards and corporate governance practices[115] - The board evaluates the independence of directors annually based on various factors, including time commitment and potential conflicts of interest[124] - The company has established a comprehensive internal control system to manage risks related to finance, operations, and compliance, ensuring effective monitoring and accountability[160] Employee and Community Engagement - The total remuneration paid to employees reached HKD 2.125 billion, accounting for 27.5% of the group's total operating expenses[82] - The group had a total of 7,749 full-time employees as of December 31, 2023, with 4,532 based in mainland China[82] - The company is actively exploring community development projects, benefiting over 6,000 villagers through infrastructure improvements and skill training programs[90] Future Projections - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[186] - The company plans to implement new operational strategies to improve efficiency, targeting a 15% reduction in operational costs[186] - The board of directors emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 20% by 2025[186]

智通财经APP讯，招商局港口(00144)发布2023年全年业绩，集团的经营业绩受人民币贬值带来的折算影响，主要在收入、成本、分占联营合营公司利润等项目中体现。综合宁波大榭股权于2023年8月完成出售的影响，截至2023年12月31日止年度，集团收入为港币114.82亿元，同比下降8.5%。 因分占联营合营企业利润同比减少，归属于公司权益持有者的利润及经常性溢利分别下降至港币62.33亿元及港币61.59亿元，相当于同比下降19.9%及24.2%。每股基本盈利153.22港仙，拟派末期股息每股48港仙。 2023年，完成集装箱吞吐量13748万TEU，同比增加0.7%(2022年：13653万TEU)。完成散杂货吞吐量5.57亿吨，同比增加2.0%(2022年：5.47亿吨)。 2023年，集团以稳中求进为工作总基调，聚焦“内生增长”，加速“创新升级”，生产经营稳中提质，并围绕母港建设、海外业务、综合开发、创新发展、资本运作、运营管理、市场商务、环境、社会及管治(ESG)建设八个方面的重点工作。年内，集团在经营上做出四大亮点。 第一，集团海外拓展取得成效。“精耕东南亚”落地重点项目，拟收购位于印尼的PT Nu ...

Financial Performance - Profit attributable to equity holders was HKD 6.233 billion, a decrease of 19.9% year-on-year (2022: HKD 7.781 billion) [4] - The basic earnings per share were HKD 0.15322, a decrease of 24.0% year-on-year (2022: HKD 0.20152) [4] - Revenue for the year was HKD 11.482 billion, down from HKD 12.545 billion in 2022 [4] - The net profit for the year was HKD 7.385 billion, compared to HKD 9.029 billion in 2022 [5] - The group reported a net profit of HKD 8,319 million for the year, compared to HKD 10,030 million in the previous year, which is a decrease of around 17% [14] - The operating profit before losses for the year was HKD 4,246 million, compared to HKD 4,902 million in the previous year, indicating a decrease of about 13% [13] - The group's total revenue for the year ended December 31, 2023, was HKD 10,680 million, a decrease from HKD 11,482 million in the previous year, representing a decline of approximately 7% [13] - The group's total revenue for 2023 was HKD 11,482 million, a decrease of 8.5% from HKD 12,545 million in 2022 [9] Revenue Breakdown - Revenue from terminal operations was HKD 10,680 million, down 9.7% from HKD 11,833 million in the previous year [9] - Revenue from warehousing services increased to HKD 593 million, up 13.6% from HKD 522 million in 2022 [9] - Revenue from mainland China, Hong Kong, and Taiwan was HKD 6,348 million, a decline of 19.9% from HKD 7,919 million in 2022 [12] - Revenue from Brazil increased to HKD 1,977 million, up 11.8% from HKD 1,768 million in the previous year [12] - The group generated over 10% of its total revenue from a single customer, amounting to HKD 1,845 million in 2023, compared to HKD 1,694 million in 2022 [11] Asset and Liability Overview - Non-current assets totaled HKD 154.603 billion, a slight decrease from HKD 157.626 billion in 2022 [6] - Total assets were HKD 172.314 billion, compared to HKD 172.155 billion in 2022 [6] - The group reported a net current liability of HKD (2.658) billion, an improvement from HKD (6.473) billion in 2022 [7] - The group's total liabilities were reported at HKD 6,233 million, reflecting a significant increase compared to the previous year [15] - Total liabilities increased by 3.8% from HKD 49.579 billion at the end of 2022 to HKD 51.469 billion at the end of 2023 [51] Capital Expenditure and Financial Management - The group's capital expenditure for the year was HKD 1,384 million, which is a decrease from HKD 1,425 million in the previous year [14] - The group redeemed HKD 6 billion of perpetual capital bonds on October 10, 2023 [54] - The outstanding bank and other loans amounted to HKD 36.308 billion as of December 31, 2023, compared to HKD 34.529 billion at the end of 2022 [55] - The net debt to equity ratio was approximately 20.8% as of December 31, 2023 [54] Operational Highlights - The total container throughput reached 13.748 million TEU, an increase of 0.7% year-on-year (2022: 13.653 million TEU) [3] - The total bulk cargo throughput was 557 million tons, an increase of 2.0% year-on-year (2022: 547 million tons) [3] - The group achieved a warehouse utilization rate exceeding 95% in its domestic bonded logistics operations, with a doubling of inbound operations at its Qingdao terminal [38] - The group’s overseas projects achieved a throughput of 34,060 thousand TEU, a year-on-year increase of 0.6%, with significant growth in Djibouti at 887 thousand TEU, up 39.7% [48] Strategic Initiatives and Future Outlook - The company aims to enhance its core competitiveness and operational efficiency through "internal growth," "innovation upgrades," and "global layout" strategies [69] - The company is focusing on six strategic initiatives, including domestic port strategy, overseas strategy, innovation strategy, digital strategy, lean operation strategy, and low-carbon strategy [69] - The company plans to improve financial management capabilities and enhance capital operation efficiency to increase cash returns on investment projects [70] - The company is committed to deepening reforms to promote high-quality development and enhance its ESG management system [71] ESG and Sustainability Efforts - The company received an upgrade in its ESG rating to "BB" from MSCI, reflecting improved sustainability practices [36] - The group aims to enhance its ESG management level and has received an A- rating from the Hong Kong Quality Assurance Agency for sustainable development performance in 2023 [66] - The group is committed to energy security and low-carbon transformation, expanding the application of new energy-saving technologies and products, and has achieved recognition as a four-star "China Green Port" for some terminals [64] - The group continues to advance community development initiatives, benefiting over 6,000 villagers through infrastructure projects and skill training programs [65] Corporate Governance - The board is committed to maintaining high standards of corporate governance and business ethics to enhance investor confidence and shareholder returns [73] - The company has adopted the Hong Kong Stock Exchange's Corporate Governance Code and confirmed compliance with the standards set forth in the code for the year ending December 31, 2023 [73] - The chairman of the board was unable to attend the annual general meeting on June 2, 2023, due to overseas duties, but other board members were present to ensure effective communication with shareholders [73]

恩 商 局 港口控股有限公司 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Stock Code 股份代號 : 00144 2023 INTERIM REPORT 中期報告 WE CONNECT THE WORLD CONTENTS 目錄 1 Corporate Information 2 Financial Highlights 4 Management Discussion and Analysis 27 Condensed Consolidated Statement of Profit or Loss 28 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 29 Condensed Consolidated Statement of Financial Position 31 Condensed Consolidated Statement of Changes in Equity 33 Condensed Consolidated State ...

Financial Performance - Profit attributable to equity holders was HKD 3.351 billion, a decrease of 30.5% year-on-year (2022: HKD 4.825 billion) [5] - Basic earnings per share were 83.69 HK cents, a decrease of 34.4% year-on-year (2022: 127.48 HK cents) [5] - Revenue for the first half of 2023 was HKD 5.805 billion, down from HKD 6.508 billion in 2022 [5] - Net profit for the period was HKD 3.984 billion, compared to HKD 5.561 billion in 2022 [6] - The operating profit before losses for the first half of 2023 was 1,093 million, compared to 1,959 million in the first half of 2022, indicating a decrease of about 44.1% [15] - The profit attributable to equity holders of the company for the first half of 2023 was 3,351 million, down from 4,825 million in the same period of 2022, reflecting a decline of approximately 30.5% [16] - The company reported a loss of 750 million in the fourth quarter of 2023, compared to a profit of 236 million in the same quarter of 2022 [15] - The company’s net financing cost was HKD 666 million for the first half of 2023, down from HKD 808 million in the same period last year, showing improved financial efficiency [19] Revenue Breakdown - Revenue from port operations, including container handling and related services, was HKD 5,707 million, down from HKD 6,426 million, reflecting a decline of 11.2% [11] - Warehousing service revenue decreased to HKD 5,406 million from HKD 6,172 million, representing a decline of 12.4% [11] - Revenue from mainland China, Hong Kong, and Taiwan was HKD 3,425 million, down from HKD 4,233 million, a decrease of 19.1% [14] - Revenue from Brazil increased slightly to HKD 854 million from HKD 835 million, reflecting a growth of 2.3% [14] - Revenue from the China mainland, Hong Kong, and Taiwan segment was 514 million for the first half of 2023, compared to 785 million in the same period of 2022, a decrease of about 34.5% [15] - The segment profit for the China mainland, Hong Kong, and Taiwan was 2,225 million in the first half of 2023, down from 3,473 million in the same period of 2022, representing a decline of approximately 36.0% [16] Asset and Equity Position - Total assets as of June 30, 2023, were HKD 172.882 billion, an increase from HKD 172.155 billion at the end of 2022 [7] - Total equity was HKD 122.372 billion, slightly down from HKD 122.576 billion at the end of 2022 [8] - The total equity attributable to the company and its subsidiaries was HKD 86,857 million, indicating a strong capital position [18] - The total segment assets reached HKD 171,832 million, with significant contributions from various regions including HKD 20,698 million from the Greater Bay Area [18] Dividends and Shareholder Returns - The interim dividend per share remained at 22 HK cents, unchanged from 2022 [3] - The interim dividend proposed is HKD 0.22 per ordinary share, totaling HKD 909 million, which is an increase from HKD 866 million in the previous year [23] - The weighted average number of ordinary shares issued increased to 4,003,383,046 for the six months ended June 30, 2023, from 3,785,619,729 in the same period of 2022, an increase of 5.8% [24] - The company plans to issue new shares as part of its scrip dividend scheme, with the new shares expected to be distributed around November 22, 2023 [29] Cost Management and Efficiency - Financing costs decreased to HKD 894 million from HKD 1.018 billion in 2022 [5] - Employee costs, including directors' remuneration, were HKD 1,036 million for the six months ended June 30, 2023, down from HKD 1,126 million in the same period of 2022, a decrease of 8% [22] - The company’s depreciation of property, plant, and equipment was HKD 760 million for the first half of 2023, compared to HKD 802 million in the same period of 2022, a decline of 5.2% [22] - The capital expenditure for the first half of 2023 was reported at 423 million, compared to 517 million in the same period of 2022, indicating a decrease of about 18.2% [16] Market and Economic Outlook - The global economic growth forecast for 2023 is projected at 3.0%, a decrease of 0.5 percentage points from 2022, with emerging markets expected to grow at 4.0% [57] - Global trade volume growth is expected to be 2.0% in 2023, revised down by 0.4 percentage points from previous forecasts, and 3.7% in 2024 [57] - The global container throughput for the top 20 ports in Q1 2023 was 83.43 million TEU, a decline of 11.7% year-on-year [33] - The average idle capacity of container ships in the market is approximately 4.4% [32] Strategic Initiatives - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth [15] - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market [15] - The company is actively exploring business expansion in Southeast Asia, leveraging the positive trends from the Regional Comprehensive Economic Partnership (RCEP) [42] - The company aims to enhance its supply chain service capabilities and achieve the strategic goal of becoming a "world-class comprehensive service provider for ports" in the second half of 2023 [58] - The company is committed to innovation-driven development, increasing efforts in core technology breakthroughs, and transitioning from "cargo volume economy" to "cargo value economy" in its operations [58] Sustainability and Community Engagement - The company is committed to sustainable development, aligning with national carbon neutrality goals and implementing energy-saving projects [55] - The company has initiated community engagement programs, including the C-Blue initiative, to support education and local development [56]