China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2024-087
CHINA MERCHANTS PORT GROUP CO., LTD.
THE REPORT FOR THE THIRD QUARTER OF 2024
China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) and all the
members of the Company’s Board of Directors hereby guarantee that the contents of this Report
are factual, accurate and complete and free of any misrepresentations, misleading statements or
material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and
senior management of the Company hereby guarantee the factuality, accuracy and completeness of the contents of
this Report, and shall be jointly and severally liable for any misrepresentations, misleading statements or material
omissions therein.
2. Xu Song, the Company’s legal representative, Huang Zhenzhou, the Company’s Chief Financial Officer and
Liu Shixia, the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in
this Report are factual, accurate and complete.
3. Indicate by tick mark whether the financial statements herein have been audited by an independent auditor.
□Yes √ No
4. Matters with modified audit opinions issued by independent auditors
□ Applicable √ Not applicable
5. Securities Times, China Securities Journal, Shanghai Securities News and http://www.cninfo.com.cn have been
designated by the Company for information disclosure. And all information about the Company shall be subject to
what’s disclosed on the aforesaid media.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q3 2024 YoY change (%) Q1-Q3 2024 YoY change (%)
Operating revenue
4,191,147,919.01 5.84% 12,166,341,002.65 3.50%
(RMB)
Net profit 1,189,284,910.16 -4.63% 3,736,113,366.24 18.63%
attributable to the
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
listed company’s
shareholders
(RMB)
Net profit
attributable to the
listed company’s
1,191,951,524.77 -0.77% 3,356,097,317.77 11.77%
shareholders before
exceptional gains
and losses (RMB)
Net cash generated
from operating — — 5,400,158,942.86 38.83%
activities (RMB)
Basic earnings per
0.48 -4.00% 1.49 18.25%
share (RMB/share)
Diluted earnings
per share 0.48 -4.00% 1.49 18.25%
(RMB/share)
Weighted average
1.97% -0.21% 6.22% 0.58%
return on equity (%)
30 September 2024 31 December 2023 Change (%)
Total assets (RMB) 199,960,847,212.29 198,557,296,667.26 0.71%
Equity attributable
to the listed
company’s 61,107,844,741.72 58,847,592,947.55 3.84%
shareholders
(RMB)
The total share capital at the end of the last trading session before the disclosure of this Report:
Total share capital at the end of the last trading
2,500,924,881
session before the disclosure of this Report (share)
Fully diluted earnings per share based on the latest total share capital above:
Fully diluted earnings per share based on the latest
1.4939
total share capital above (RMB/share)
(II) Exceptional Gains and Losses
Unit: RMB
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss on disposal of
non-current assets (inclusive of 27,300,880.59 25,048,852.15 -
impairment allowance write-offs)
Government grants recognised in
profit or loss (exclusive of those that
are closely related to the Company's
normal business operations and given
519,053.95 81,605,565.68 -
in accordance with defined criteria
and in compliance with government
policies, and have a continuing impact
on the Company's profit or loss)
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
Gain or loss on fair-value changes in
financial assets and liabilities held by
a non-financial enterprise, as well as
on disposal of financial assets and
-45,372,186.28 420,480,709.83 -
liabilities (exclusive of the effective
portion of hedges that is related to the
Company's normal business
operations)
Capital occupation charges on
non-financial enterprises that are 22,999,452.67 64,670,906.48 -
charged to current profit or loss
Mainly because a
subsidiary of the
Company received an
operating compensation
equivalent to
RMB317,825,850 from
Reversed portions of impairment
its minority shareholders
allowances for receivables which are 1,469,850.00 318,705,080.14
in the current period,
tested individually for impairment
and the full-amount
provision for the
relevant loss from
impairment of credit
established in the prior
period was reversed
Non-operating income and expense
8,278,588.76 -4,746,107.98 -
other than the above
Less: Income tax effects -13,644,851.67 111,056,635.74 -
Non-controlling interests effects
31,507,105.97 414,692,322.09 -
(net of tax)
Total -2,666,614.61 380,016,048.47 --
Other items that meet the definition of exceptional gain/loss:
□ Applicable √ Not applicable
No such cases.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases.
(III) Changes in Key Financial Statement Line Items and Their Explanation
Unit: RMB
Balance sheet items 30 September 2024 31 December 2023 Change Explanation of changes
Mainly due to impacts of the
Accounts receivable 1,956,694,872.69 1,103,901,466.25 77.25%
payment collection periods
Mainly due to increased
Prepayments 90,128,726.78 37,664,552.30 139.29% prepayment by subsidiary for
engineering and construction
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
Mainly due to impacts of the
changed scope of the
Inventories 312,365,338.66 218,898,192.87 42.70%
consolidated financial
statements
Mainly due to impacts of the
Other non-current financial
538,287,019.17 877,576,442.83 -38.66% sale of shareholdings and the
assets
changes in fair value
Mainly due to honouring of
Notes payable 6,178,733.23 73,461,165.82 -91.59% bank notes by subsidiary upon
maturity
Mainly due to increased
Dividends payable 886,045,858.28 111,897,214.27 691.84% dividends payable to minority
shareholders of subsidiaries
Mainly due to impacts of the
changed scope of the
Lease liabilities 1,449,611,596.09 1,001,172,206.92 44.79%
consolidated financial
statements
Income statement items Q1-Q3 2024 Q1-Q3 2023 Change Explanation of changes
Mainly due to impacts of receipt
Other income 121,368,848.38 198,189,876.87 -38.76% of container throughput subsidy
by subsidiary last year
Mainly due to increased gains
Gains from changes in fair from changes in the fair value of
420,480,709.83 66,751,559.22 529.92%
value other non-current financial
assets held in the current period
Mainly because a subsidiary
received an operating
compensation from its minority
Loss from impairment of shareholders in the current
323,301,702.32 -11,125,698.90 3,005.90%
credit period, and the relevant
impairment provision
established in the prior period
was reversed
Cash flow statement items Q1-Q3 2024 Q1-Q3 2023 Change Explanation of changes
Mainly because a subsidiary
received an operating
Other cash receipts relating
968,472,321.45 671,156,772.71 44.30% compensation from its minority
to operating activities
shareholders in the current
period
Other cash receipts relating 16,265,719.24 3,174,261,589.34 -99.49% Mainly due to recovery of
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
to investing activities shareholder loan in the prior
period, with no comparable
event in the current period
Mainly due to payment in the
Other cash payments
current period of taxes in
relating to investing 260,956,940.52 8,285,621.75 3,049.52%
relation to land expropriation in
activities
prior years
Mainly due to a higher amount
of investments from minority
Cash receipts from capital
67,846,309.49 170,298,000.00 -60.16% shareholders of subsidiaries in
contributions
the prior period compared with
this year
Mainly due to a lower amount
Other cash receipts relating of receipts under finance leases
48,811,913.01 332,582,769.65 -85.32%
to financing activities in the current period compared
with last year
Mainly due to a higher amount
Other cash payments of payments for the acquisition
relating to financing 344,306,811.06 951,492,124.48 -63.81% of minority interests in
activities subsidiaries in the prior period
compared with this year
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting
Rights as well as Holdings of Top 10 Shareholders
Unit: share
28,937
Number of ordinary Number of preferred shareholders with resumed
(18,727 A-shareholders, 0
shareholders voting rights (if any)
10,210 B-shareholders)
Top 10 shareholders (exclusive of shares lent in refinancing)
Sharehol Shares in pledge, marked or
Nature of
ding Restricted frozen
Name of shareholder sharehold Total shares held
percenta shares held
er Status Shares
ge
CHINA MERCHANTS PORT Foreign
INVESTMENT DEVELOPMENT legal 45.93% 1,148,648,648 0 - 0
COMPANY LIMITED person
ZHEJIANG PROVINCIAL State-own
SEAPORT INVESTMENT & ed legal 23.06% 576,709,537 576,709,537 - 0
OPERATION GROUP CO., LTD. person
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
CHINA MERCHANTS State-own
GANGTONG DEVELOPMENT ed legal 14.83% 370,878,000 0 - 0
(SHENZHEN) CO., LTD. person
SHENZHEN INFRASTRUCTURE Funds,
INVESTMENT FUND-SHENZHEN wealth
INFRASTRUCTURE managem
2.59% 64,850,182 0 - 0
INVESTMENT FUND ent
PARTNERSHIP (LIMITED products,
PARTNERSHIP) etc.
State-own
BROADFORD GLOBAL LIMITED ed legal 2.21% 55,314,208 0 - 0
person
State-own
CHINA-AFRICA DEVELOPMENT
ed legal 0.62% 15,610,368 0 - 0
FUND
person
Funds,
AGRICULTURAL BANK OF wealth
CHINA CO., LTD.- CHINA managem
0.18% 4,573,733 0 - 0
SECURITIES 500 EXCHANGE ent
TRADED FUND products,
etc.
Domestic
ZOU YANMIN 0.16% 4,100,000 0 - 0
individual
Funds,
CHINA MERCHANTS BANK CO.,
wealth
LTD.- CHINA SOUTHERN
managem
ALPHA MIXED TYPE 0.16% 3,914,700 0 - 0
ent
SECURITIES INVESTMENT
products,
FUND
etc.
Foreign
HONG KONG SECURITIES
legal 0.16% 3,889,920 0 - 0
CLEARING COMPANY LTD.
person
Top 10 unrestricted shareholders
Shares by type
Name of shareholder Unrestricted shares held
Type Shares
RMB
CHINA MERCHANTS PORT INVESTMENT
1,148,648,648 ordinary 1,148,648,648
DEVELOPMENT COMPANY LIMITED
share
CHINA MERCHANTS GANGTONG RMB
370,878,000 370,878,000
DEVELOPMENT (SHENZHEN) CO., LTD. ordinary
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
share
SHENZHEN INFRASTRUCTURE
RMB
INVESTMENT FUND-SHENZHEN
64,850,182 ordinary 64,850,182
INFRASTRUCTURE INVESTMENT FUND
share
PARTNERSHIP (LIMITED PARTNERSHIP)
Domestic
ally listed
BROADFORD GLOBAL LIMITED 55,314,208 55,314,208
foreign
share
RMB
CHINA-AFRICA DEVELOPMENT FUND 15,610,368 ordinary 15,610,368
share
AGRICULTURAL BANK OF CHINA CO., RMB
LTD.- CHINA SECURITIES 500 EXCHANGE 4,573,733 ordinary 4,573,733
TRADED FUND share
Domestic
ally listed
ZOU YANMIN 4,100,000 4,100,000
foreign
share
CHINA MERCHANTS BANK CO., LTD.- RMB
CHINA SOUTHERN ALPHA MIXED TYPE 3,914,700 ordinary 3,914,700
SECURITIES INVESTMENT FUND share
RMB
HONG KONG SECURITIES CLEARING
3,889,920 ordinary 3,889,920
COMPANY LTD.
share
Domestic
ally listed
GU KUNYI 2,752,166 2,752,166
foreign
share
Broadford Global Limited is the controlling shareholder of China Merchants Port Investment
Related or acting-in-concert
Development Company Limited and China Merchants Gangtong Development (Shenzhen) Co.,
parties among the shareholders
Ltd. The Company does not know whether the other unrestricted shareholders are related parties
above
or not.
Top 10 shareholders engaged in
Not applicable
securities margin trading (if any)
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing
shares lending
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Full name Shares in the common Shares lent in refinancing Shares in the common Shares lent in refinancing
of account and credit account and not yet returned at the account and credit account and not yet returned at the
shareholder at the period-begin period-begin at the period-end period-end
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
As % of As % of As % of As % of
Total Total Total Total
total share total share total share total share
shares shares shares shares
capital capital capital capital
AGRICUL
TURAL
BANK OF
CHINA
CO., LTD.-
CHINA
1,291,033 0.05% 374,400 0.01% 4,573,733 0.18% 0 0.00%
SECURITI
ES 500
EXCHAN
GE
TRADED
FUND
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
compared with the prior period
□ Applicable √ Not applicable
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant Events
In order to implement the requirements of the State Council’s “Opinions on Strengthening
Supervision and Preventing Risks and Promoting High-Quality Development of the Capital Market”
and “Opinions on Further Improving the Quality of Listed Companies”, the Company has
formulated the action plan for “Dual Enhancement of Development Quality and Investor Returns”,
with a view to continuously improving the quality of the Company, enhancing the returns to
investors, ensuring that relevant stakeholders share the fruits of the Company’s development, and
achieving sustainable development. For details, please refer to the “Announcement on the Initiation
of the Action Plan for “Dual Enhancement of Development Quality and Investor Returns”
(Announcement No. 2024-068) disclosed on www.cninfo.com.cn.
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
30 September 2024
Unit: RMB
Item 30 September 2024 1 January 2024
Current assets:
Cash and bank balances 15,516,640,683.90 16,079,646,178.24
Settlement reserve
Interbank loans granted
Held-for-trading financial assets 4,315,022,215.00 4,568,806,108.84
Derivative financial assets
Notes receivable 264,891,494.54 325,150,195.09
Accounts receivable 1,956,694,872.69 1,103,901,466.25
Receivables financing 0.00 2,001,669.46
Prepayments 90,128,726.78 37,664,552.30
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve receivables
Other 983,039,393.13 940,014,994.01
Including: Interest receivable
Dividend receivable 312,202,788.64 343,386,866.06
Financial assets purchased under
resale agreements
Inventories 312,365,338.66 218,898,192.87
Including: Data resource
Contract assets
Assets held for sale
Non-current assets due within one year 17,723,148.78 17,451,380.98
Other current assets 212,623,235.01 189,673,500.87
Total current assets 23,669,129,108.49 23,483,208,238.91
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
Long-term receivables 3,900,762,679.96 3,856,466,116.99
Long-term equity investments 99,405,435,948.77 96,666,117,776.27
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
Investments in other equity 157,461,648.16 157,461,648.16
instruments
Other non-current financial assets 538,287,019.17 877,576,442.83
Investment properties 4,819,306,281.34 4,958,374,968.79
Fixed assets 29,324,862,489.43 28,986,538,326.35
Construction in progress 2,611,022,328.84 2,909,817,281.46
Productive living assets
Oil and gas assets
Right-of-use assets 9,105,570,917.15 9,441,668,311.22
Intangible assets 17,764,995,803.62 18,073,062,184.72
Including: Data resource
Development expenditure 41,636,877.19 50,990,153.18
Including: Data resource
Goodwill 6,151,546,892.48 6,493,002,246.44
Long-term prepaid expenses 937,569,948.82 993,793,505.29
Deferred tax assets 404,079,673.49 415,063,477.03
Other non-current assets 1,129,179,595.38 1,194,155,989.62
Total non-current assets 176,291,718,103.80 175,074,088,428.35
Total assets 199,960,847,212.29 198,557,296,667.26
Current liabilities:
Short-term borrowings 12,872,579,860.25 15,714,045,288.97
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 6,178,733.23 73,461,165.82
Accounts payable 593,074,106.27 691,765,137.25
Receipts in advance 23,691,114.32 17,387,537.36
Contract liabilities 172,961,910.68 142,080,101.00
Financial assets sold under repurchase
agreements deposits and interbank
Customer
deposits
Payables for acting trading of
securities for underwriting of securities
Payables
Employee benefits payable 966,322,584.38 917,964,606.65
Taxes payable 825,547,489.93 923,053,572.50
Other payables 2,640,793,142.68 1,654,622,170.02
Including: Interest payable
Dividends payable 886,045,858.28 111,897,214.27
Handling charges and commissions
payable
Reinsurance payables
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
Liabilities directly associated with
assets held for sale
Non-current liabilities due within one 9,642,749,198.42 6,817,404,289.25
yearOther current liabilities 2,138,010,085.06 2,143,842,534.53
Total current liabilities 29,881,908,225.22 29,095,626,403.35
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 16,259,359,834.78 18,227,543,954.71
Bonds payable 13,689,012,145.46 14,287,508,564.15
Including: Preferred shares
Perpetual bonds
Lease liabilities 1,449,611,596.09 1,001,172,206.92
Long-term payables 3,445,175,287.15 3,822,862,202.17
Long-term employee benefits payable 587,837,347.55 603,009,921.91
Provisions 105,279,334.88 85,590,059.41
Deferred income 987,408,736.27 1,024,776,557.73
Deferred tax liabilities 4,852,349,006.02 4,659,638,104.37
Other non-current liabilities 175,753,477.65 179,634,263.73
Total non-current liabilities 41,551,786,765.85 43,891,735,835.10
Total liabilities 71,433,694,991.07 72,987,362,238.45
Shareholders' equity:
Share capital 2,500,924,881.00 2,499,074,661.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 37,343,740,420.12 37,076,846,803.06
Less: Treasury stock
Other comprehensive income -1,219,661,984.90 -903,626,594.35
Special reserve 55,713,466.81 34,003,994.41
Surplus reserves 1,095,980,563.68 1,095,980,563.68
General reserve
Unappropriated profit 21,331,147,395.01 19,045,313,519.75
Total shareholders' equity attributable to 61,107,844,741.72 58,847,592,947.55
Minority of the
shareholdersinterestsparent 67,419,307,479.50 66,722,341,481.26
Total shareholders' equity 128,527,152,221.22 125,569,934,428.81
Total liabilities and shareholders' equity 199,960,847,212.29 198,557,296,667.26
Legal Representative: Xu Song
Chief Financial Officer: Huang Zhenzhou
Head of Accounting Department: Liu Shixia
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
2. Consolidated income statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2024 Q1~Q3 2023
1. Operating income 12,166,341,002.65 11,755,307,434.70
Including: Operating income 12,166,341,002.65 11,755,307,434.70
Interest income
Premium income
Handling charge and
commission income
2. Costs and expenses 9,668,622,334.00 9,779,572,277.81
Including: Operating costs 6,724,742,007.36 6,791,358,487.08
Interest expense
Handling charge and
commission expense
Surrenders
Net claims paid
Net amount provided as
policy reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and surcharges 243,239,281.56 220,492,182.67
Selling expense
Administrative expenses 1,221,499,434.98 1,216,242,310.86
Research and
129,428,104.22 159,294,326.98
development expenses
Finance expenses 1,349,713,505.88 1,392,184,970.22
Including: Interest
1,670,913,976.25 1,656,923,837.50
expense
Interest
353,798,409.79 395,605,388.12
income
Add: Other income 121,368,848.38 198,189,876.87
Investment income (Loss is
5,012,672,259.88 5,271,674,585.50
marked with "-")
Including: Income from
investments in associates and joint 4,932,627,649.09 4,954,944,249.39
ventures
Income from
the derecognition of financial assets at
amortized cost (Loss is marked with "-")
Foreign exchange gain (Loss is
marked with "-")
Net gain on exposure hedges
(Loss is marked with "-")
Gains from changes in fair 420,480,709.83 66,751,559.22
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
value (Loss is marked with "-" )
Gains from impairment of credit
323,301,702.32 -11,125,698.90
(Loss is marked with "-" )
Gains from impairment of assets
92,227.23 66,220.01
(Loss is marked with "-" )
Gains on disposal of assets
33,557,038.04 1,458,860.96
(Loss is marked with "-" )
3. Operating profit (Loss is marked with
8,409,191,454.33 7,502,750,560.55
"-")
Add: Non-operating income 25,376,308.72 37,564,635.49
Less: Non-operating expenses 38,630,602.59 24,929,758.81
4. Gross profit (Loss is marked with "-") 8,395,937,160.46 7,515,385,437.23
Less: Income tax expenses 1,088,396,529.42 990,357,417.02
5. Net profit (Loss is marked with "-") 7,307,540,631.04 6,525,028,020.21
5.1 Categorization by continuity of
operation
5.1.1 Net profit from continuing
7,307,540,631.04 6,525,028,020.21
operation (Loss is marked with "-")
5.1.2 Net profit from discontinued
operation (Loss is marked with "-")
5.2 Categorization by attribution of
ownership
5.2.1 Net profit attributable to
shareholders of the parent (Loss is 3,736,113,366.24 3,149,317,960.49
marked with "-")
5.2.2 Profit or loss attributable to
minority shareholders (Loss is marked 3,571,427,264.80 3,375,710,059.72
with "-")
6. Other comprehensive income, net of
-872,689,691.70 1,031,033,373.40
tax
Other comprehensive income
attributable to owners of the parent, net -316,035,390.55 213,213,163.68
of tax
6.1 Other comprehensive income that
4,027,539.13 29,979,003.92
will not be reclassified to profit or loss
6.1.1 Changes from remeasurement
of the defined benefit plan
6.1.2 Other comprehensive income
that cannot be reclassified to profit or 4,027,539.13 29,979,003.92
loss under the equity method
6.1.3 Fair value changes of
investments in other equity instruments
6.1.4 Changes in the fair value of
the company’s credit risks
6.1.5 Other
6.2 Other comprehensive income that
will be reclassified subsequently to profit -320,062,929.68 183,234,159.76
or loss
6.2.1 Other comprehensive income -43,061,557.12 22,000,108.95
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
that can be reclassified to profit or loss
under the equity method
6.2.2 Changes in the fair value of
investments in other debt obligations
6.2.3 Other comprehensive income
arising from the reclassification of
financial assets
6.2.4 Allowance for credit
impairments in investments in other debt
obligations
6.2.5 Reserve for cash flow hedges
6.2.6 Translation differences of
financial statements denominated in -277,001,372.56 161,234,050.81
foreign currencies
6.2.7 Other
Other comprehensive income
attributable to minority interests, net of -556,654,301.15 817,820,209.72
tax
7. Total comprehensive income
6,434,850,939.34 7,556,061,393.61
attributable to
7.1 Shareholders of the parent 3,420,077,975.69 3,362,531,124.17
7.2 Minority shareholders 3,014,772,963.65 4,193,530,269.44
8. Earnings per share
8.1 Basic earnings per share 1.49 1.26
8.2 Diluted earnings per share 1.49 1.26
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2024 Q1~Q3 2023
1. Cash flows from operating activities:
Cash receipts from sales of goods and
11,866,894,984.48 10,821,599,360.59
rendering of services
Net increase in customer deposits and
interbank deposits
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, handling charges and
commissions received
Net increase in interbank loans
obtained
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Receipts of tax refunds 45,834,166.56 53,168,698.78
Other cash receipts relating to
968,472,321.45 671,156,772.71
operating activities
Sub-total of cash inflows 12,881,201,472.49 11,545,924,832.08
Cash payments for goods purchased
3,239,514,370.35 3,360,018,179.32
and services received
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and in interbank loans granted
Payments for claims on original
insurance contracts
Net increase in interbank loans granted
Interest, handling charges and
commissions paid
Policy dividends paid
Cash payments to and on behalf of
2,555,276,771.81 2,747,791,602.38
employees
Payments of various types of taxes 1,180,817,220.24 954,791,671.16
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
Other cash payments relating to
505,434,167.23 593,482,521.59
operating activities
Sub-total of cash outflows 7,481,042,529.63 7,656,083,974.45
Net Cash Flows from Operating
5,400,158,942.86 3,889,840,857.63
Activities
2. Cash flows from investing activities:
Cash receipts from disposals and
18,169,723,017.67 19,747,976,106.55
recovery of investments
Cash receipts from investments
2,266,573,974.82 2,081,095,815.22
income
Net cash receipts from disposal of
fixed assets, intangible assets and other 6,781,223.42 32,566,951.11
long-term assets
Net cash receipts from disposal of
0.00 1,641,426,285.25
subsidiaries and other operating units
Other cash receipts relating to
16,265,719.24 3,174,261,589.34
investing activities
Sub-total of cash inflows 20,459,343,935.15 26,677,326,747.47
Cash payments to acquire or construct
fixed assets, intangible assets and other 1,267,417,530.70 977,977,871.68
long-term assets
Cash payments to acquire investments 17,330,609,480.14 22,362,654,969.50
Net increase in pledged loans granted
Net cash payments for acquisitions of
293,204,166.66 0.00
subsidiaries and other business units
Other cash payments relating to
260,956,940.52 8,285,621.75
investing activities
Sub-total of cash outflows 19,152,188,118.02 23,348,918,462.93
Net cash flows from investing activities 1,307,155,817.13 3,328,408,284.54
3. Cash flows from financing activities:
Cash receipts from capital
67,846,309.49 170,298,000.00
contributions
Including: Cash receipts from
capital contributions from Minority 43,561,800.00 170,298,000.00
shareholder of subsidiary
Cash receipts from borrowings 21,879,785,125.78 24,267,718,711.38
Other cash receipts relating to
48,811,913.01 332,582,769.65
financing activities
Sub-total of cash inflows 21,996,443,348.28 24,770,599,481.03
Cash repayments of borrowings 24,131,659,774.08 25,878,888,874.93
Cash payments for distribution of
dividends or profits or settlement of 4,712,496,174.26 4,402,919,196.68
interest expenses
Including: Payments for distribution 1,626,786,229.57 1,586,884,169.37
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
of dividends or profits to Minority
shareholder of subsidiary
Other cash payments relating to
344,306,811.06 951,492,124.48
financing activities
Sub-total of cash outflows 29,188,462,759.40 31,233,300,196.09
Net cash flows from financing activities -7,192,019,411.12 -6,462,700,715.06
4. Effect of foreign exchange rate
-94,989,433.40 212,426,953.27
changes on cash and cash equivalents
5. Net increase in cash and cash
-579,694,084.53 967,975,380.38
equivalents
Add: Opening balance of Cash and
16,018,613,631.10 13,567,309,471.62
Cash Equivalents
6. Closing balance of cash and cash
15,438,919,546.57 14,535,284,852.00
equivalents
17
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2024
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First
Implementation of the New Accounting Standards Implemented since 2024
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
China Merchants Port Group Co., Ltd.
The Board of Directors
31 October 2024
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