Financial Performance - The company reported a total revenue of RMB 5.2 billion for the first half of 2024, representing a year-on-year increase of 12%[10]. - The company's operating revenue for the reporting period was ¥7,975,193,083.64, an increase of 2.31% compared to ¥7,795,261,570.99 in the same period last year[15]. - Net profit attributable to shareholders was ¥2,546,828,456.08, representing a significant increase of 33.88% from ¥1,902,334,759.43 year-on-year[15]. - The net cash flow from operating activities reached ¥3,122,383,705.03, up 35.12% from ¥2,310,845,305.96 in the previous year[15]. - Basic and diluted earnings per share were both ¥1.02, reflecting a growth of 34.21% compared to ¥0.76 in the same period last year[15]. - The total comprehensive income for the first half of 2024 was RMB 4,300,714,415.91, a decrease of 21.6% from RMB 5,487,800,325.77 in the same period last year[161]. - The net profit for the first half of 2024 reached RMB 5,039,645,709.31, representing a growth of 24.1% from RMB 4,060,626,620.70 in the previous year[161]. - The operating profit increased to RMB 5,860,325,781.18, up by 26.0% from RMB 4,647,341,992.13 year-on-year[161]. Operational Efficiency and Technology - New technology initiatives include the implementation of the Smart Management Platform (SMP), expected to enhance operational efficiency by 20%[10]. - The company is focusing on smart port solutions and digital technology to enhance operational efficiency and service quality, driving the digital transformation of the port industry[21]. - The company is actively developing new technologies, including a blockchain-based trade facilitation platform, to improve operational efficiency[27]. - The company has established a Center of Excellence (COE) to promote lean operations and enhance overall resource efficiency[31]. - The company upgraded its "Smart Management Platform" to achieve comprehensive digital management of business processes, providing a unified platform for decision-making[31]. Market Expansion and Strategy - The company plans to expand its operations in Southeast Asia, targeting a 15% growth in market share by 2025[10]. - The company is exploring potential acquisitions in the logistics sector to diversify its service offerings[10]. - The company is actively pursuing investment opportunities in global key hub ports and regions with high economic growth potential to further enhance its global port network[21]. - The company aims to become a world-class comprehensive service provider centered around ports, continuously improving its service capabilities[30]. Financial Position and Assets - The total assets of the company as of June 30, 2024, amounted to RMB 25 billion, reflecting a 5% increase from the previous year[10]. - The company's total assets at the end of the reporting period were ¥200,745,131,615.31, an increase of 1.10% from ¥198,557,296,667.26 at the end of the previous year[15]. - The company's total assets reached RMB 130,751,660,567.40, showcasing growth in the asset base[167]. - The total equity attributable to shareholders increased to RMB 126,973,758,099.21 by the end of the period, up from RMB 125,569,934,428.81 at the beginning[166]. Environmental, Social, and Governance (ESG) Initiatives - The company is focusing on ESG initiatives, aiming to set industry benchmarks in environmental, social, and governance practices[27]. - The company’s ESG rating improved to AA in WIND's 2023 annual ESG rating, an upgrade from the previous year[46]. - The company invested a total of 36 million yuan in environmental protection measures during the reporting period[83]. - The company implemented 37 carbon reduction projects, achieving a total reduction of 3,300 tons of carbon emissions[87]. - The company strictly adheres to various environmental protection laws and standards during its operations[76]. Risks and Challenges - The company faces risks related to global supply chain disruptions and has outlined strategies to mitigate these risks[10]. - The company is focusing on optimizing its global layout and enhancing core technology capabilities to mitigate risks from macroeconomic fluctuations and geopolitical tensions[67]. - The macroeconomic environment shows resilience, with developed economies experiencing slow recovery and emerging markets, particularly Southeast Asia, demonstrating notable growth[22]. Shareholder and Financial Governance - The company will not distribute cash dividends or issue bonus shares for the first half of 2024[3]. - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[90]. - The company’s financial report for the first half of 2024 has not been audited yet, which may impact the assessment of its financial health[90]. - The company reported a receivable from related parties with a beginning balance of CNY 377,855.34 million and an ending balance of CNY 424,958.47 million[98]. Cash Flow and Financing Activities - The total cash inflow from operating activities increased to ¥8,111,194,607.94, up from ¥7,469,998,713.12, representing a growth of approximately 8.6% year-over-year[163]. - The net cash flow from investment activities improved to ¥1,813,559,009.13, compared to a negative cash flow of ¥1,225,290,440.51 in the prior period[163]. - The total cash and cash equivalents at the end of the period increased to ¥17,306,212,560.80, up from ¥14,556,330,454.28, representing a growth of approximately 18.9%[163]. Related Party Transactions - The company’s related transactions with China Foreign Transport Development Company totaled 6,629.09 million RMB, accounting for 27.10% of similar transaction amounts[94]. - The company’s related transactions with China Nanshan Development Group amounted to 5,726.57 million RMB, representing 23.41% of similar transaction amounts[94]. - The company disclosed significant related party transactions on April 2, 2024, regarding banking operations with China Merchants Bank[107]. Accounting Policies and Financial Reporting - The company's financial statements comply with the requirements of the accounting standards, ensuring a true and complete reflection of its financial status[174]. - The accounting basis is accrual accounting, with historical cost as the measurement basis, except for financial instruments measured at fair value[179]. - The company recognizes the impact of internal transactions between itself and subsidiaries in the consolidated financial statements[186].

CHINA MERCHANTS PORT GROUP CO., LTD. FINANCIAL STATEMENTS AND AUDITOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 CHINA MERCHANTS PORT GROUP CO., LTD. FINANCIAL STATEMENTS AND AUDITOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 | CONTENTS | PAGE(S) | | --- | --- | | AUDITOR'S REPORT | 1 - 6 | | CONSOLIDATED BALANCE SHEET | 7 - 8 | | BALANCE SHEET OF THE COMPANY | 9 - 10 | | CONSOLIDATED INCOME STATEMENT | 11 | | INCOME STATEMENT OF THE COMPANY | 12 | | CONSOLIDATED CASH FLOW STATEMENT | 13 | | CASH FLOW S ...

Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥3.96 billion, a decrease of 0.28% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was approximately ¥1.25 billion, representing a 62.94% increase year-on-year[5]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was approximately ¥1.20 billion, up 63.93% from the previous year[5]. - The basic earnings per share for Q3 2023 was ¥0.50, a 61.29% increase compared to ¥0.31 in the same period last year[5]. - The weighted average return on equity for Q3 2023 was 2.18%, an increase of 0.34% from the previous year[5]. - The net profit for Q3 2023 was CNY 6,525,028,020.21, a decrease from CNY 6,834,571,472.66 in Q3 2022, representing a decline of approximately 4.5%[20]. - The net profit attributable to shareholders of the parent company increased to CNY 3,149,317,960.49, up from CNY 2,753,839,690.22, marking an increase of about 14.3%[20]. - Total comprehensive income for Q3 2023 was CNY 7,556,061,393.61, compared to CNY 7,831,069,449.45 in the same period last year, reflecting a decrease of approximately 3.5%[20]. Assets and Liabilities - Total assets as of September 30, 2023, were approximately ¥199.19 billion, reflecting a 0.81% increase from the end of the previous year[5]. - The company's total assets increased to CNY 199,187,448,792.81, up from CNY 197,587,102,447.31 at the end of the previous period[17]. - Total liabilities decreased slightly to CNY 68,681,721,668.97 from CNY 69,265,494,218.00[17]. - The company's equity attributable to shareholders increased to CNY 58,182,989,856.74, up from CNY 54,291,425,886.65[17]. Cash Flow - The company reported a net cash flow from operating activities of approximately ¥3.89 billion, a decrease of 22.26% compared to the previous year[5]. - Cash flow from operating activities generated a net amount of CNY 3,889,840,857.63, down from CNY 5,003,761,178.49 in the previous year, indicating a decline of about 22.3%[21]. - Cash inflow from investment activities totaled CNY 26,677,326,747.47, compared to CNY 35,500,666,401.32 in the prior year, a decrease of approximately 25.0%[22]. - Cash outflow from investment activities was CNY 23,348,918,462.93, down from CNY 47,678,672,448.95, representing a reduction of about 51.0%[22]. - The net cash flow from financing activities was negative at CNY -6,462,700,715.06, compared to a positive CNY 17,929,700,401.29 in the previous year[22]. - The total cash and cash equivalents at the end of the period stood at CNY 14,535,284,852.00, a decrease from CNY 23,948,122,179.77 at the end of the previous year[22]. Investments and Expenses - The company experienced a significant increase in trading financial assets, which rose by 86.99% to approximately ¥5.61 billion[8]. - Long-term receivables decreased by 32.96% to approximately ¥3.80 billion, primarily due to the recovery of loans from joint venture shareholders[8]. - Investment income decreased to CNY 5,271,674,585.50, down 13.23% from CNY 6,075,167,195.89 year-on-year[19]. - Research and development expenses for the period were CNY 159,294,326.98, a decrease from CNY 177,094,589.39 in the previous year[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,741, with the top ten shareholders holding significant stakes[10]. - China Merchants Port Investment Development Company Limited holds 45.96% of the shares, amounting to 1,148,648,648 shares[10]. Accounting and Reporting - The company has adopted new accounting standards effective from January 1, 2023, which may impact the financial statements[23]. - The third quarter report for 2023 was not audited, indicating a potential area for further scrutiny in financial reporting[25].

Financial Performance - The company reported a significant increase in revenue for the first half of 2023, with total revenue reaching RMB 10.5 billion, representing a year-on-year growth of 15%[9]. - The net profit attributable to shareholders for the first half of 2023 was RMB 2.1 billion, an increase of 20% compared to the same period last year[9]. - The company's operating revenue for the reporting period was ¥7,795,261,570.99, representing a decrease of 4.36% compared to the same period last year[15]. - Net profit attributable to shareholders was ¥1,902,334,759.43, down 4.34% year-over-year[15]. - The net profit after deducting non-recurring gains and losses was ¥1,801,393,373.15, reflecting a decline of 6.53% compared to the previous year[15]. - The net cash flow from operating activities decreased by 28.26% to ¥2,310,845,305.96[15]. - Basic and diluted earnings per share were both ¥0.76, down 26.21% from the previous year[15]. - The total revenue from port operations reached CNY 7,443,891,620.78, representing a decrease of 5.45% compared to the previous period[59]. - Revenue from mainland China, Hong Kong, and Taiwan was CNY 5,624,973,995.70, down 9.28% year-on-year[59]. - The company reported a total comprehensive income for the period of RMB 5,487,800,325.77, compared to RMB 5,330,938,229.66 in the previous year, showing a slight increase[158]. Operational Highlights - The company handled a total of 5.2 million TEUs (Twenty-foot Equivalent Units) in the first half of 2023, which is a 12% increase from the previous year[9]. - The company is exploring strategic acquisitions to enhance its service offerings and expand its geographical footprint[9]. - The company has established a comprehensive port network across major hubs in China and globally, including Asia, Africa, Europe, Oceania, South America, and North America[22]. - The company has integrated Ningbo Port's business volume into its statistics since October 2022, contributing to the growth in throughput[41]. - The company's container throughput in 2022 was 50.6 million TEU, ranking third among global port operators[30]. - In the first half of 2023, the company's container throughput reached 87.075 million TEU, a year-on-year increase of 30.4%[39]. - The company's bulk cargo throughput was 62.96 million tons, showing a significant year-on-year growth of 115.3%[39]. - The inland port projects achieved a container throughput of 67.747 million TEU, up 46.4% compared to the same period last year[40]. Investment and Development - The company plans to expand its market presence by investing in new terminal projects, aiming to increase its capacity by 25% over the next two years[9]. - The company has initiated research and development for new technologies aimed at improving operational efficiency, with an investment of RMB 500 million allocated for this purpose[9]. - The company invested CNY 121.04 million in R&D, representing a 5.41% increase compared to CNY 114.83 million in the same period last year[55]. - The company is actively pursuing digital transformation and innovation in smart port construction, including the development of the "Zhongshan ePort 3.0" platform[37]. - The company has received the Special Prize for Technological Progress from the China Port Association for its smart port initiatives[38]. Risk Management - The company has identified potential risks including market fluctuations and regulatory changes, and has outlined corresponding mitigation strategies[4]. - The company faces macroeconomic risks, including global economic instability and domestic demand contraction, which may impact its operations and investment strategies[80]. - The company is committed to enhancing its risk prevention capabilities and improving its overall operational efficiency in response to international market challenges[83]. - The company plans to enhance its internal control and compliance systems to strengthen risk identification and management capabilities[84]. Sustainability and Corporate Social Responsibility - The company has committed to sustainability initiatives, aiming to reduce carbon emissions by 30% by 2025 through various operational improvements[9]. - The company invested a total of 75.33 million yuan in environmental protection during the reporting period[99]. - The company paid an environmental protection tax of 2.6262 million yuan in accordance with relevant laws and regulations[99]. - The company has created nearly 800 jobs in Sri Lanka through the "C-Blue Love Village" project, improving local living conditions and infrastructure[102]. - The C-Blue rural education project has connected rural schools in Guangdong and Guizhou with urban educational resources, promoting rural revitalization[102]. Shareholder and Financial Management - The company does not plan to distribute cash dividends or issue bonus shares for the first half of 2023[4]. - The company has implemented a stock option incentive plan, adjusting the exercise price and the number of incentive targets during the reporting period[89]. - The company reported a profit distribution of RMB 2,945,256,822.40, indicating a substantial return to shareholders[165]. - The total equity attributable to shareholders at the end of the period was RMB 128,321,608,229.31, showing an increase of RMB 2,430,052,338.09 during the period[164]. - The company has a significant amount of deposits with related parties, totaling RMB 365,617.85 million at the end of the period[108]. Market Outlook - The management has provided a positive outlook for the second half of 2023, expecting continued growth driven by increased demand in the logistics sector[9]. - The global economic growth forecast for 2023 is 3.0%, with developed economies expected to grow by 1.5%[27]. - The global trade volume growth rate is projected to be 2.0% in 2023, with a potential increase to 3.7% in 2024[27]. - The container shipping market is experiencing increased uncertainty, with a projected global port throughput growth of 1% in 2023[28]. Compliance and Governance - The company strictly adheres to various environmental protection laws and standards during its operations[90]. - All domestic polluting units have obtained pollution discharge permits as required by law[91]. - The company has not reported any significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment[104]. - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[103].

Financial Performance - In 2022, the company achieved operating revenue of CNY 16.23 billion, a year-on-year increase of 6.19%[3] - The net profit attributable to shareholders reached CNY 3.34 billion, up 24.26% year-on-year, while the net profit excluding non-recurring items was CNY 3.34 billion, reflecting a 42.00% increase[4] - Revenue for the year was approximately RMB 30 billion, reflecting a 12% increase compared to the previous year[13] - The net profit attributable to shareholders was RMB 5 billion, an increase of 15% year-on-year[13] - The company's operating revenue for 2022 was ¥16,230,489,127.55, representing a 6.19% increase from ¥15,283,808,174.60 in 2021[19] - The net profit attributable to shareholders for 2022 was ¥3,337,446,222.82, a 24.26% increase compared to ¥2,685,829,204.07 in 2021[19] - The net profit after deducting non-recurring gains and losses was ¥3,345,170,153.81, which is a 42.00% increase from ¥2,355,700,274.23 in 2021[19] - The net cash flow from operating activities for 2022 was ¥6,920,377,390.35, up 6.30% from ¥6,510,326,570.48 in 2021[19] - The total assets at the end of 2022 were ¥197,525,530,887.76, a 12.24% increase from ¥175,984,101,168.66 at the end of 2021[19] - The net assets attributable to shareholders at the end of 2022 were ¥54,267,143,304.02, reflecting a 36.35% increase from ¥39,801,188,662.13 at the end of 2021[19] Operational Metrics - The container throughput for the year was 145.95 million TEU, representing a 7.0% growth, with inland port projects contributing 105.17 million TEU, a 10.5% increase[4] - The bulk cargo throughput reached 740 million tons, a 20.6% increase, largely due to the strategic investment in Ningbo Port, which added 8.17 million TEU and 150 million tons of bulk cargo from October 2022[4] - The total container throughput for 2022 reached 14,594.8 million TEU, representing a year-on-year increase of 7.0% compared to 13,639.4 million TEU in 2021[41] - The company's bulk cargo throughput was 73.95 million tons, reflecting a significant growth of 20.6% compared to the previous year[38] - The total bulk cargo throughput for 2022 was 73,953.4 million tons, reflecting a 20.6% increase from 61,308.5 million tons in 2021[42] Strategic Initiatives - The company plans to enhance its logistics supply chain layout in the Guangdong-Hong Kong-Macao Greater Bay Area and develop the CICT+HIPG "twin stars" international shipping center in South Asia[6] - The company aims to drive innovation and upgrade its port service system, focusing on internal growth and market-oriented strategies[6] - The company plans to expand its operations in Southeast Asia, targeting a 20% increase in market share by 2025[13] - The company is exploring potential acquisitions in the European market to enhance its global footprint[13] - The company aims to reduce carbon emissions by 30% by 2030 through sustainable practices and technology upgrades[13] Investment and R&D - Investment in new port facilities is projected to exceed RMB 2 billion over the next three years[13] - The company has invested RMB 424,734,590.46 in the second phase of the Haixing Terminal renovation project using the raised funds[87] - Research and development investment increased by 30% in 2022, focusing on automation and digitalization technologies[139] - The company has allocated RMB 500 million for research and development in new technologies over the next three years[143] Governance and Compliance - The company has established a comprehensive governance system, including 19 revised and 7 newly created regulations during the reporting period[114] - The board of directors has been expanded from 9 to 12 members, enhancing diversity with 2 additional non-independent directors and 1 independent director[117] - The company maintains a complete separation from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring independent operational capabilities[120] - The company has implemented a transparent information disclosure system, ensuring equal access to information for all shareholders[118] Environmental and Social Responsibility - The company is committed to environmental protection and has established a robust governance framework[181] - The company reported a significant impact on asset turnover, with a decrease of over 20% due to major defects[178] - The company has implemented measures to ensure compliance with environmental impact assessments for construction projects[183] - The company donated 600,000 RMB to support rural revitalization efforts in Zhanjiang City, contributing to local community development[196] Market Position and Future Outlook - The company aims to enhance its operational management by building a "empowerment-professional-value" control system to improve management levels and drive internal growth[105] - The company is poised for future growth with a refreshed leadership team that is expected to implement new strategies and technologies[130] - The company has set a performance guidance for the next fiscal year, expecting a revenue growth of 10% to 15%[13] - The company plans to permanently supplement working capital with surplus funds from completed projects, as approved in the recent board meetings[90]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 15%[9]. - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2022, aiming for a growth rate of 12%[9]. - The company reported a net profit margin of 20% for the first half of 2022, maintaining a stable performance despite market challenges[9]. - Net profit attributable to shareholders was ¥1,981,861,324.62, reflecting an 18.18% increase year-over-year[14]. - The net profit after deducting non-recurring gains and losses was ¥1,920,549,245.60, up 16.77% from the previous year[14]. - Basic and diluted earnings per share were both ¥1.03, an increase of 18.39% year-over-year[14]. - The company's operating revenue for the reporting period was ¥8,150,462,367.19, an increase of 11.04% compared to the same period last year[14]. - The total revenue for the reporting period reached ¥8,150,462,367.19, representing an increase of 11.04% compared to ¥7,339,942,862.26 in the same period last year[50]. - The company reported a significant increase in financial expenses by 85.17% to approximately CNY 1.35 billion, primarily due to increased exchange losses[48]. Operational Highlights - User data indicates that the company handled 5 million TEUs (Twenty-foot Equivalent Units) in the first half of 2022, an increase of 10% compared to the same period last year[9]. - The company plans to expand its market presence by entering two new international ports by the end of 2022, which is projected to increase overall capacity by 15%[9]. - The company has established a global port network covering 50 ports across 25 countries and regions, enhancing its ability to respond to industry fluctuations and trade conflicts[26]. - The company operates in port loading and unloading, bonded logistics, and port supporting services, with a well-established network across major coastal hubs in China and globally[18]. - The company has launched 20 combination port points, significantly improving logistics efficiency and reducing logistics costs by approximately 30%[28]. - The company’s total container throughput in the first half of 2022 was 66.77 million TEU, a decrease of 0.7% year-on-year[33]. Strategic Initiatives - New product development includes the launch of an upgraded ePort platform, which is expected to enhance customer service efficiency by 20%[9]. - The company is exploring potential acquisitions in Southeast Asia to strengthen its logistics network, with a budget allocation of 300 million RMB for this initiative[9]. - The company aims to become a world-class comprehensive service provider in the port industry, leveraging its strong shareholder background and global resource integration capabilities[25]. - The company has been recognized as an important participant in the national "Belt and Road" initiative, accelerating its international development strategy[25]. Environmental Responsibility - The company has committed to enhancing its environmental responsibility by reducing carbon emissions by 10% over the next three years through technological upgrades[9]. - The company is committed to environmental responsibility, as indicated by its adherence to pollution discharge standards[76]. - The company has implemented measures to monitor and control pollution risks associated with soil quality[76]. - The company has established a production wastewater treatment station with a capacity of 5,800 m³/d, currently in trial operation, to be used for dust suppression in the port area[80]. - The company has completed environmental impact assessments and obtained necessary approvals for its subsidiaries, including the first and third branches and the Zhanjiang Port Petrochemical Terminal Co., Ltd.[82]. Risk Management - The company has identified risks related to global supply chain disruptions and is implementing measures to mitigate these risks, including diversifying suppliers[4]. - The overall market outlook remains cautious due to ongoing pandemic-related disruptions and geopolitical tensions affecting global trade[1]. - The company faces macroeconomic volatility risks due to global uncertainties, including the pandemic and geopolitical tensions, impacting foreign trade and shipping markets[68]. - The company will strengthen its risk identification and response capabilities to mitigate potential policy risks from both domestic and international markets[69]. Financial Position - Total assets at the end of the reporting period were ¥182,438,574,161.08, a 3.67% increase from the end of the previous year[14]. - The net assets attributable to shareholders amounted to ¥41,214,899,867.01, reflecting a 3.55% increase year-over-year[14]. - Cash and cash equivalents at the end of the reporting period were ¥14,171,964,195.08, representing 7.77% of total assets, an increase from 7.26% at the end of the previous year[53]. - The total liabilities increased, with short-term borrowings rising to ¥15,482,279,719.62, which is 8.49% of total assets, up from 7.76% last year[53]. Shareholder Information - The largest shareholder, China Merchants Port Investment Development Company Limited, holds 59.75% of the shares, totaling 1,148,648,648 shares[128]. - The second-largest shareholder, China Merchants Port Development (Shenzhen) Co., Ltd., holds 19.29% with 370,878,000 shares[128]. - The total number of common shareholders at the end of the reporting period was 31,844[128]. - The company reported no changes in the number of shares held by major shareholders during the reporting period[129]. Compliance and Governance - The company is actively working on compliance with regulatory requirements for its stock issuance process[116]. - The company has established a comprehensive internal control system that aligns with regulatory requirements[120]. - The company has not reported any significant litigation or arbitration matters during the reporting period[93]. - The company has no significant penalties or rectification situations during the reporting period[95].

Financial Performance - The company's revenue and net profit attributable to shareholders reached historical highs, driven by effective pandemic control and operational breakthroughs[9]. - The company reported a significant increase in revenue, with a total of RMB 1,793,412,378 in 2021, reflecting a growth of 57.52% compared to the previous year[34]. - The company's operating revenue for 2021 was CNY 15,283,808,174.60, representing a 19.81% increase from CNY 12,618,529,996.02 in 2020[36]. - The net profit attributable to shareholders for 2021 was CNY 2,685,829,204.07, up 29.51% from CNY 2,065,322,969.66 in 2020[36]. - The company reported a significant increase in government subsidies, totaling CNY 314,172,152.25 in 2021 compared to CNY 238,216,977.76 in 2020[45]. - The company reported a trade surplus of 4.37 trillion yuan in 2021, growing by 20.2% compared to the previous year[50]. - The total operating revenue for 2021 was CNY 15,283,808,174.60, representing a year-on-year increase of 19.81% from CNY 12,756,744,317.91 in 2020[89]. - The port business contributed CNY 14,635,410,073.74, accounting for 95.76% of total revenue, with a growth of 20.10% compared to the previous year[89]. Operational Highlights - In 2021, the company's port container throughput reached 136.394 million TEU, an increase of 12.0% year-on-year[6]. - Container throughput in mainland China was 95.138 million TEU, up 10.9% year-on-year; overseas ports achieved 33.572 million TEU, a growth of 16.3%[8]. - The company's port bulk cargo throughput reached 613.085 million tons, with a significant year-on-year increase of 35.0%[65]. - The company completed 1,283.4 million TEU in container throughput in the Western Shenzhen Port area, an increase of 8.4% year-on-year, driven by the launch of the Mawan Smart Port[75]. - The company expanded its shipping routes, adding 35 new routes in the Shenzhen Western Port, enhancing its operational capacity[86]. - The Mawan Smart Port project was completed and officially put into operation, receiving multiple awards and enhancing regional competitiveness[87]. - The company’s overseas container throughput at TCP in Brazil reached 1.101 million TEU, a year-on-year increase of 12.0%[83]. Strategic Initiatives - The company plans to establish its overseas ports in Sri Lanka as international container hubs, enhancing integrated operational management[12]. - The company aims to enhance its mother port construction and improve customer service levels, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area[12]. - The company is committed to innovation-driven development and aims to enhance global market competitiveness through reform and innovation[11]. - The company emphasizes innovation-driven growth and aims to enhance smart port operations through the "China Merchants ePort" platform and the "China Merchants Core" platform[13]. - The company plans to deepen customer-centric strategies and strengthen collaborations with major shipping companies, focusing on a multi-dimensional business alliance centered around the deep western mother port[13]. - The company aims to leverage the "Belt and Road" initiative to expand its global port investment and operational capabilities[58]. - The company is actively pursuing digitalization, carbon neutrality, and new infrastructure initiatives to drive industry transformation[52]. Risk Management and Governance - The company recognizes the need to improve its risk management system to adapt to complex external environments and currency fluctuations[156]. - The company has established a risk warning system to accurately grasp the situation and effectively identify and manage risks[158]. - The company has implemented a special action plan to enhance governance levels and achieve high-quality development, in line with government guidelines[170]. - The company has established a comprehensive internal control management mechanism, implementing measures such as separation of incompatible duties, authorization approval control, accounting system control, asset protection control, and budget control to prevent significant internal control deficiencies[171]. - The company has timely disclosed its internal control self-assessment report to the Shenzhen Securities Regulatory Bureau, confirming no major deficiencies were found[171]. Future Outlook - The company anticipates that China's economy will experience a trend of recovery in 2022, albeit at a slower pace compared to 2021[11]. - The company provided a positive outlook for 2022, projecting a revenue growth of 12% to 15% based on current market trends and expansion strategies[200]. - The company aims to enhance its international operational management system to create sustainable value and improve competitiveness[151]. - The company is committed to enhancing its sustainability practices in port operations to align with global environmental standards[56]. - Future guidance indicates a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[200]. Investment and Acquisitions - The company completed a major acquisition, increasing its shareholding in Shenzhen Chiwan Wharf Holdings Limited to 57.52%[34]. - The company is actively exploring new technologies to improve its service delivery and operational capabilities in the port sector[32]. - The company is exploring potential acquisitions to strengthen its supply chain, with a budget of 1 billion RMB allocated for this purpose[200]. - The company plans to continue expanding its market presence and enhancing its operational capabilities through strategic investments and acquisitions[35]. Technological Development - The company is focused on technological development in logistics and supply chain management, aiming to improve operational efficiency[32]. - The company has developed the "Zhaoshang Core" operating system, which has been applied in both domestic and overseas terminals, laying a solid foundation for smart port construction[62]. - The "Zhaoshang ePort" platform integrates port, shipping, logistics, and third-party e-commerce services, contributing to the establishment of a smart port ecosystem[63]. - The company is developing an automated unmanned container truck system to address labor shortages in the port operations[100]. - The company aims to enhance operational efficiency through the implementation of intelligent algorithms in its smart yard planning[100].

Financial Performance - The company reported a total revenue of RMB 5.2 billion for the first half of 2021, representing a year-on-year increase of 15%[7]. - The net profit attributable to shareholders was RMB 1.1 billion, up 20% compared to the same period last year[7]. - The company's operating revenue for the reporting period reached ¥7,339,942,862.26, representing a 23.10% increase compared to the previous year's adjusted figure of ¥5,962,497,716.96[13]. - Net profit attributable to shareholders was ¥1,677,035,346.17, a significant increase of 165.23% from the previous year's adjusted net profit of ¥632,292,086.16[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,644,696,060.97, reflecting a 202.29% increase from the previous year's adjusted figure of ¥544,085,414.87[13]. - The company reported a total of CNY 460.85 million in securities investments, with a fair value change loss of CNY 45.53 million during the reporting period[63]. - The company reported a total revenue for the first half of 2021 of RMB 24,693.08 million, representing an increase of 8.93% compared to the same period last year[91]. - The company reported a net profit of RMB 3,577.80 million for the first half of 2021, which is a 9.09% increase year-on-year[91]. Operational Performance - Container throughput reached 5.5 million TEUs, an increase of 10% year-on-year, indicating strong operational performance[7]. - The total cargo throughput of the company reached 764.334 million tons, representing a year-on-year increase of 13.2%[24]. - The container throughput for the same period was 13.818 million TEU, with a year-on-year growth of 15.0%[24]. - The company's port projects achieved a total container throughput of 67.23 million TEU in the first half of 2021, representing a year-on-year increase of 21.1%[32]. - The throughput of bulk cargo reached 308 million tons, up 40.2% year-on-year, primarily due to the strong rebound in bulk cargo business[32]. - The company integrated the Yingkou Port business into its statistics starting February 2021, which contributed to the overall throughput growth[34]. - The throughput from overseas port projects was 16.63 million TEU, reflecting a 35.8% increase, mainly due to the inclusion of eight newly acquired terminals in statistics[32]. Market Expansion and Strategy - The company plans to expand its market presence by investing in new port facilities, aiming for a 25% increase in capacity by 2023[7]. - Future guidance indicates expected revenue growth of 12-15% for the second half of 2021, driven by increased shipping demand[7]. - The company is exploring potential acquisitions to enhance its logistics capabilities, targeting a completion by the end of 2021[7]. - The company is actively pursuing digital transformation and smart port construction through its proprietary systems "Zhongshan Core" and "Zhongshan ePort" to improve operational efficiency[29]. - The company aims to optimize its supply chain services by integrating domestic and international resources to create comprehensive logistics solutions[28]. - The company expanded its market presence by adding new shipping routes to North America, Asia, and India, contributing to an increase in market share in the South China region[47]. Research and Development - Research and development efforts are focused on enhancing digital logistics solutions, with a budget allocation of RMB 200 million for 2021[7]. - The company’s research and development investment increased by 36.61% to CNY 98.34 million, driven by higher business volumes[50]. - The company is committed to digital transformation in the port industry, driven by the urgency for technological upgrades due to the pandemic[68]. Environmental Commitment - The company emphasizes its commitment to environmental sustainability, with initiatives aimed at reducing carbon emissions by 30% by 2025[7]. - The company has established a monitoring system for pollutant discharge to ensure compliance with environmental standards[76]. - The company reported no exceedance of pollutant discharge standards during the reporting period[76]. - The company actively participates in national carbon peak and carbon neutrality projects, enhancing energy efficiency and promoting green low-carbon technologies[85]. - The company has implemented energy-saving technologies such as shore power supply for vessels and oil-to-electricity conversions, significantly improving energy utilization efficiency[85]. Financial Position and Liabilities - The total assets at the end of the reporting period amounted to ¥168,701,333,012.06, showing a slight decrease of 0.02% compared to the previous year's adjusted total of ¥168,728,326,345.77[13]. - The total liabilities reached RMB 60,425,086,347.08, down from RMB 62,926,669,732.24 at the end of 2020, indicating a reduction in overall debt[137]. - The company maintained a loan repayment rate of 100% during the reporting period, ensuring all loans were repaid on time[132]. - The company has a total of RMB 150,000.00 million in guarantees for related parties, with a guarantee period of approximately 1 year[99]. Governance and Management - The company appointed a new CEO, Wang Xiufeng, on August 23, 2021[74]. - The company experienced changes in its board of directors, with several resignations and appointments in 2021[74]. - The company is implementing a stock option incentive plan, with the first phase of stock options granted on March 5, 2021[75]. - The annual shareholders' meeting had an investor participation rate of 88.89%[73]. Risk Management - The management highlighted risks related to global supply chain disruptions and their potential impact on operations[1]. - The company faces macroeconomic risks, including uncertainties from the global economic recovery and domestic consumption pressures, which may impact trade and shipping demand[68]. - The company is focusing on improving its internal control systems to mitigate operational management risks and enhance risk identification and management capabilities[71]. Community Engagement - In the first half of 2021, the company donated a total of $21,600 to the Sri Lankan government for building a COVID-19 isolation center and provided additional support to local hospitals[86]. - The company has established a public welfare brand "C-Blue" and conducted various community support activities, including care for left-behind children and rural poverty alleviation[86].

Financial Performance - The company reported a total revenue of RMB 5.2 billion for the first half of 2021, representing a year-on-year increase of 12%[8]. - The net profit attributable to shareholders was RMB 1.1 billion, up 15% compared to the same period last year[8]. - The company's operating revenue for the reporting period reached ¥7,339,942,862.26, representing a 23.10% increase compared to the adjusted revenue of ¥5,962,497,716.96 from the same period last year[14]. - Net profit attributable to shareholders was ¥1,677,035,346.17, a significant increase of 165.23% from the adjusted net profit of ¥632,292,086.16 in the previous year[14]. - The total profit for the period was RMB 4,907,699,839.95, representing a significant increase of 112.5% from RMB 2,309,861,907.17 in the prior year[142]. - The company's total revenue for the first half of 2021 was RMB 24,693.08 million, representing an increase of 8.93% compared to the same period last year[94]. Operational Metrics - Container throughput reached 5.5 million TEUs, an increase of 10% year-on-year[8]. - In the first half of 2021, the total cargo throughput of the company reached 764.33 million tons, representing a year-on-year increase of 13.2%[25]. - The total container throughput was 13.82 million TEU, with a year-on-year growth of 15.0%[25]. - The company's coastal ports achieved a cargo throughput of 496.31 million tons, up 10.3% year-on-year, and a container throughput of 12.20 million TEU, increasing by 14.0%[25]. - The company achieved a container throughput of 67.23 million TEU in the first half of 2021, representing a year-on-year increase of 21.1%[48]. Investment and Expansion Plans - The company plans to expand its market presence by investing in new port facilities, aiming for a 20% increase in capacity by 2023[8]. - The company is exploring potential acquisitions to enhance its logistics capabilities in Southeast Asia[8]. - The company plans to expand its market presence by increasing its investment in overseas projects by 30% in 2021[110]. Research and Development - Research and development expenses increased by 8% to RMB 200 million, focusing on digital transformation and automation technologies[8]. - The company’s research and development investment increased by 36.61% to CNY 98.34 million, attributed to an expanded consolidation scope[51]. - The company is focusing on digital transformation in response to the urgent need for technological upgrades in the port and shipping industry[71]. Risk Management - The company has identified key risk factors including regulatory changes and global supply chain disruptions, with strategies in place to mitigate these risks[1]. - The company is working on establishing a risk warning system to accurately assess situations and proactively manage risks[74]. - The company is actively developing a risk control framework to enhance management efficiency and effectiveness[74]. Environmental Compliance - The company reported no exceedances in pollutant emissions, maintaining compliance with environmental standards across various metrics[79]. - The company has implemented a wastewater treatment facility that processes wastewater for dust suppression within the port area, ensuring compliance with environmental regulations[82]. - The company actively participates in national carbon peak and carbon neutrality projects, enhancing its energy efficiency and promoting green low-carbon technologies[88]. Shareholder Information - The largest shareholder, China Merchants Port Investment Development Company Limited, holds 59.75% of the shares, totaling 1,148,648,648 shares[119]. - The company has no plans for share repurchase or issuance of new shares during the reporting period[117]. - The report indicates no changes in the number of shares held by major shareholders during the reporting period[120]. Financial Position - The company's total assets at the end of the reporting period were ¥168,701,333,012.06, showing a slight decrease of 0.02% compared to the previous year's total assets of ¥168,728,326,345.77[15]. - The company's total liabilities to related parties at the end of the reporting period were RMB 369,125.09 million[95]. - The company's retained earnings increased to RMB 13.28 billion, up from RMB 12.33 billion, reflecting a growth of 7.7%[139]. Community Engagement - In the first half of 2021, the company donated a total of $21,600 to the Sri Lankan government for COVID-19 isolation center construction and provided additional support to local hospitals[89]. - The company has established a public welfare brand "C-Blue" and conducted various community support activities, including care for left-behind children and rural poverty alleviation[89]. Legal and Compliance Matters - The company reported a total of 22,360.49 million yuan involved in ongoing litigation related to the Brazil TCP case, with a low risk assessment[91]. - The company has no significant litigation or arbitration matters reported during the reporting period[91].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 3,574,128,378.48, representing a 23.09% increase compared to the adjusted revenue of CNY 2,903,610,633.29 in the same period last year[5]. - The net profit attributable to shareholders for Q1 2021 was CNY 532,867,484.84, a significant increase of 257.07% from the adjusted net profit of CNY 149,234,067.89 in the previous year[5]. - The basic and diluted earnings per share for Q1 2021 were both CNY 0.28, reflecting a 250.00% increase compared to CNY 0.08 in the same period last year[6]. - Revenue for Q1 2021 reached ¥3,574,128,378.48, an increase of 23.09% compared to ¥2,903,610,633.29 in Q1 2020[14]. - The total comprehensive income for Q1 2021 was CNY 989,133,010.61, compared to CNY -1,097,347,701.43 in the same quarter last year, indicating a significant recovery[40]. - The net profit for Q1 2021 was CNY 1,373,677,166.13, compared to CNY 410,540,952.85 in Q1 2020, representing a significant increase of 234.5%[40]. - Operating profit for the quarter was CNY 1,637,105,248.72, up from CNY 585,385,732.47 in the previous year, indicating a growth of 179.5%[39]. Cash Flow and Liquidity - The cash flow from operating activities for Q1 2021 was CNY 880,940,193.44, which is a 6.37% increase from CNY 828,153,884.17 in the previous year[5]. - Cash and cash equivalents decreased by 14.75% to ¥10,160,143,564.88 from ¥11,918,423,758.71 due to repayment of due loans[14]. - The net cash flow from operating activities was ¥880,940,193.44, compared to ¥828,153,884.17 in the same period last year, indicating a year-over-year increase of about 6.9%[42]. - The company's cash and cash equivalents at the end of the period totaled ¥10,139,134,175.15, down from ¥11,899,943,358.25 at the beginning of the period, reflecting a decrease of approximately 14.8%[43]. - The company reported a total cash outflow from operating activities of 38,053,659.92[45]. Assets and Liabilities - The total assets at the end of Q1 2021 were CNY 166,226,373,047.70, showing a decrease of 1.48% from CNY 168,728,326,345.77 at the end of the previous year[6]. - The total liabilities decreased from CNY 62.93 billion to CNY 58.74 billion, a reduction of approximately 6.5%[36]. - The company's total assets as of March 31, 2021, were ¥166,226,373,047.70, down from ¥168,728,326,345.77 at the end of 2020, indicating a decrease of approximately 1.5%[35]. - The company's total liabilities decreased from ¥118,728,326,345.77 to ¥116,226,373,047.70, indicating a decline of approximately 2.1%[35]. Shareholder Information - The total share capital as of the last trading day before disclosure was 1,922,365,124 shares, with a fully diluted earnings per share of CNY 0.28[7]. - Total number of ordinary shareholders at the end of the reporting period is 33,045[10]. - The largest shareholder, China Merchants Port Investment Development Company Limited, holds 59.75% of shares, totaling 1,148,648,648 shares[10]. Investment and Financing Activities - The company completed a capital increase for its subsidiary,招商国际信息, on February 9, 2021, which involved the acquisition of shares from DPN and 港信科技[4]. - The company issued corporate bonds worth RMB 2 billion on July 7, 2020, with a 3.36% interest rate, to acquire a 27.3544% stake in Zhanjiang Port[26]. - The total amount raised from the non-public offering of shares was RMB 2,212,829,121.36, with a net amount of RMB 2,185,997,340.15 after deducting related expenses[24]. - The company did not engage in any repurchase agreements during the reporting period[12]. Research and Development - Research and development expenses increased to CNY 44,463,870.59 from CNY 33,163,614.88, representing a growth of 34.0% year-over-year[39]. Corporate Governance and Compliance - The company has been actively engaging in the stock option incentive plan since its initial proposal in October 2019, indicating a long-term commitment to employee motivation[15]. - The company continues to enhance its corporate governance by involving independent directors and supervisory committees in the approval process of the incentive plan[15]. - There were no violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[30]. - The company did not disclose any undisclosed significant information during the reception activities[29].