(Stock Code: 1199) (Incorporated in Bermuda with limited liability) If you wish to receive printed version(s) of Corporate Communications of the Company, please complete the Request Form on the reverse side of this letter and return it to the Company c/o Tricor Investor Services Limited (the "Branch Share Registrar") by using the mailing label at the bottom of the Request Form (no stamp needs to be affixed if posted in Hong Kong). The Request Form may also be downloaded from the Company's website or the HKE ...

為支持環保，本公司建議 閣下選擇收取網站版本。請 閣下於隨本函附上的回條(「回條」)上適當空 格內劃上「✓」號，並在回條上簽名，然後把回條寄回或親手交回本公司香港股份過戶登記分處卓佳證 券登記有限公司(「股份過戶登記分處」)，地址為香港夏愨道16號遠東金融中心17樓，以作出上述選 擇。倘若 閣下的登記地址為香港地址，請利用郵寄標籤寄回股份過戶登記分處；否則請貼上適當的 郵票。 ( 於百慕達註冊成立之有限公司 ) (股份代號：1199) 選 擇 公 司 通 訊 之 語 言 版 本 及 收 取 方 式 各位股東： 選擇公司通訊之語言版本及收取方式 根據香港聯合交易所有限公司證劵上市規則，本公司現向 閣下提供若干方案，以供選擇按下列方式 收取本公司日後的公司通訊(「公司通訊」)，即本公司刊發或將予刊發以供其任何證劵持有人參照或採 取行動的任何文件，包括但不限於：(a)董事會報告、年度財務報表連同獨立核數師報告及(如適用)財務 摘要報告；(b)中期報告及(如適用)中期摘要報告；(c)會議通告；(d)上市文件；(e)通函；及(f)委任代表 表格。 閣下可選擇： 2025年9月15日 (1) 瀏覽所有日後在本公司網站(h ...

（股份代號：1199） （於百慕達註冊成立之有限公司） 2025 中期報告 聚力創新 譜華章 攜手同行 三十載 (Z:\09. IR\166338 COSCO IR25\cover\Cosco IR25 cover) 關於中遠海運港口有限公司 中遠海運港口圍繞「The Ports for ALL」品牌理念，以「鏈接世界、創享價值」為企業使命，從客戶需求出 發，不斷提升現有全球網絡的服務效能，持續推進關鍵節點港口及物流資源佈局，以港為媒，接通全 球航線服務世界貿易，努力為各方創造共贏共享平台，致力成為「以客戶為中心的全球領先港口物流 服務商」。 目錄 | 財務摘要 | 3 | | --- | --- | | 業務回顧 | 4 | | 財務回顧 | 8 | | 展望 | 12 | | 第一次中期股息 | 13 | | 權益披露 | 14 | | 股票期權計劃 | 14 | | 董事於股份、相關股份及債券的 | 14 | | 權益 | | | 本公司股本中的主要權益 | 16 | | 企業管治及其他資料 | 17 | | 遵守企業管治守則 | 17 | | 董事會下設委員會 | 17 | | 董事進行證券交易之標準 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中遠海運港口有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： HKD 400,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01199 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 3,874,248,000 | | 0 | | 3,874,248,000 | | 增加 / 減少 (-) | | | | | | | ...

Core Viewpoint - China Merchants Port (01199.HK) demonstrated resilient growth in the first half of 2025, with significant increases in container throughput and net profit despite a complex trade environment [1][2]. Financial Performance - In the first half of 2025, total container throughput increased by 6.4% year-on-year to 74.296 million TEUs [1]. - Revenue rose by 13.6% year-on-year to $806 million [1]. - Profit attributable to equity holders increased by 30.6% year-on-year to $182 million [1]. - The board declared an interim dividend of $0.01928 per share [1]. Operational Resilience - The port industry faced challenges from ongoing trade protectionism and regional conflicts, yet China Merchants Port improved operational resilience through lean management and resource optimization [2]. - Domestic consumption recovery supported the operational efficiency of the company's domestic terminals, with throughput in China rising by 5.7% to 56.3901 million TEUs, accounting for 75.9% of total throughput [2]. - The Wuhan terminal, fully acquired in February, saw a significant throughput increase of 41.6% to 147,500 TEUs [2]. Global Expansion Efforts - The company focused on enhancing the operational capabilities of key overseas hubs, including the Peru Chancay terminal, Piraeus in Greece, and Abu Dhabi in the Middle East [3]. - The Piraeus terminal reported a revenue increase of 27.9% year-on-year due to higher throughput and storage income [3]. - The Chancay terminal commenced full operations in the first half of 2025 after successful trial operations [3]. Strategic Outlook - Despite a downward revision of global economic growth forecasts, the company remains optimistic due to China's commitment to high-level opening-up and domestic market recovery [4]. - The company plans to strengthen hub port construction and enhance service levels at key terminals [4]. - Focus will be on precise marketing and service improvement to maintain competitive advantages in the market [4]. Future Development Plans - The company aims to accelerate investments in emerging markets and enhance supply chain resources, promoting green and low-carbon development [5]. - Plans include developing logistics parks and extending supply chain services to create comprehensive resource advantages [5]. - Recent reports from brokerage firms suggest a positive outlook for the company, highlighting a stable gross margin of over 40% for domestic terminals [5][6].

Summary of COSCO Shipping Ports Ltd. Conference Call Company Overview - **Company**: COSCO Shipping Ports Ltd. (1199.HK) - **Industry**: Port Operations and Logistics Key Financial Results - **1H25 Net Profit**: US$182 million, representing a **31% YoY** increase and **7% HoH** increase, exceeding expectations and accounting for **59%** of full-year estimates [1] - **2Q25 Net Profit**: US$98 million, up **28% YoY** and **17% QoQ**, compared to **1Q25** net profit of US$84 million [1] - **Interim Dividend**: Declared at HK15.1 cents, maintaining a **40% payout ratio**, implying a **5.5% annualized dividend yield** [1] Performance by Geography - **Overseas Terminals**: Profit increased to US$57 million, a **187% YoY** growth in 1H25, driven by Mediterranean terminals, particularly Piraeus, which benefited from higher storage income and throughput recovery [2][5] - **China Terminals**: Results remained stable with a **1% YoY** increase [2] Throughput and ASP Insights - **Total Throughput Volume**: Increased by **6% YoY** in 1H25, with domestic terminals in the Pearl River Delta leading at **7% YoY** growth [7] - **ASP (Average Selling Price)**: - Chinese subsidiaries saw a **2% YoY** decline in ASP due to reduced cargo volume amid US tariffs [7] - European subsidiaries maintained a **10% YoY** increase in ASP, attributed to higher tariffs negotiated with shipping lines and changes in box mix [7] Future Guidance - **2025 Throughput Guidance**: Based on Drewry's FY25 global throughput guidance of **+1.9% YoY**, with expectations of a **-0.8% YoY** decline in 3Q25 due to destocking, and further declines anticipated in 4Q25 [1][7] - **Capex Plans**: The company allocated **US$790 million** for FY25, with **US$614 million** earmarked for existing terminals [7] Risks and Investment Thesis - **Downside Risks**: Include worse-than-expected global trade and poor execution in overseas M&A [6] - **Investment Thesis**: The company is rated as a "Buy" with a target price of HK$5.3, supported by expected growth from tariff hikes, volume growth, and overseas expansion [8] Additional Insights - **Cost Management**: EBIT margin remained stable at **17%**, despite volume growth, with a **14% decline** in net interest expense due to lower average borrowing costs [7] - **Market Position**: COSCO Shipping Ports operates **37 ports worldwide**, focusing on container leasing, terminal operations, logistics, and container manufacturing [7] This summary encapsulates the key points from the conference call, highlighting the financial performance, geographical insights, future guidance, and investment considerations for COSCO Shipping Ports Ltd.

香港交易及結算所有限 公司及香港 聯合交易所有限 公司對本 公 告的內容 概不負責，對其準確性 或完整性亦 不發表任 何聲明，並明確 表示，概不對因本 公 告全 部或任 何部 份內容而產生或因倚賴該等內容而引致的任 何損失承 擔任 何責任。 （於百慕達註冊成立之有限公司） （股份代號：1199） 公 告 須予披露的交易及 予 披 露 的 交 易 及 持 續 關 連 交 易－ 續 關 連 交 易－ 新金融財務服務協議 金 融 財 務 服 務 協 議 新金融財務服務協議 金 融 財 務 服 務 協 議 茲提述本公司日期為2022年8月30日的公告及本公司日期為2022年9月21日的通 函，內 容 有 關 本 公 司 於2022年8月30日與中遠海運財務訂立的現有金融財務服務 協 議。據 此，中 遠 海 運 財 務 同 意 不 時 向 本 集 團 提 供 若 干 金 融 財 務 服 務，期 限 至 2025年12月31日止為期3年。 由 於 現 有 金 融 財 務 服 務 協 議 即 將 屆 滿，本 公 司 於2025年8月28日與中遠海運財務 訂 立 新 金 融 財 務 服 務 協 議。據 此，中 遠 海 運 財 ...

Group 1 - The company, COSCO Shipping Ports, reported a revenue of 806 million USD for the first half of the year, representing a year-on-year growth of 14% [1] - The net profit for the first half of the year reached 181.8 million USD, showing a year-on-year increase of 31% [1] - The interim dividend per share was declared at 0.151 HKD, which is a year-on-year growth of 23.77% [1]

Core Insights - COSCO SHIPPING Ports reported a 13.6% year-on-year increase in revenue to $806 million for the first half of 2025, with gross profit rising 10.3% to $219 million and net profit attributable to equity holders increasing by 30.6% to approximately $182 million [1] - The company declared an interim dividend of 15.1 Hong Kong cents per share [1] Revenue Breakdown - The Piraeus Terminal generated approximately $178 million in revenue, a 27.9% increase year-on-year, driven by increased throughput and storage income, as well as rate hikes [1] - CSP Spain-related companies achieved revenue of about $178 million, up 13.1% year-on-year, due to increased throughput [1] - The Nansha Port in Guangzhou reported revenue of approximately $100 million, reflecting a 10.6% year-on-year increase from higher throughput and storage income [1] - CSP Zeebrugge Terminal NV recorded revenue of $26.72 million, a 32.0% increase year-on-year, attributed to increased throughput [1] - CSP Chancay PERU S.A. commenced trial operations in November 2024 and officially started operations in the first half of 2025, generating revenue of $22.22 million [1] Throughput Performance - Total throughput increased by 6.4% year-on-year to 74,295,971 TEUs, with controlled terminals seeing a 3.6% rise to 16,482,018 TEUs and non-controlled terminals up 7.2% to 57,813,953 TEUs [2] - Equity throughput rose by 3.8% to 22,879,575 TEUs, with controlled terminal equity throughput increasing by 0.4% to 9,691,543 TEUs and non-controlled terminal equity throughput up 6.4% to 13,188,032 TEUs [2]

Group 1 - The company reported a revenue increase of 13.6% year-on-year, reaching $806,008,000 [1] - The profit attributable to equity holders rose by 30.6% year-on-year, amounting to $181,796,000 [1]