CHINA MERCHANTS PORT GROUP CO., LTD.
THE REPORT FOR THE THIRD QUARTER OF 2020
31 October 2020
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Part I Important Notes
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of China Merchants Port Group Co., Ltd. (hereinafter
referred to as the “Company”) hereby guarantee the factuality, accuracy and completeness of
the contents of this Report and its summary, and shall be jointly and severally liable for any
misrepresentations, misleading statements or material omissions therein.
All the Company’s directors have attended the Board meeting for the review of this Report
and its summary.
Bai Jingtao, the Company’s legal representative, Lu Yongxin, the Company’s Acting Chief
Financial Officer, and Sun Ligan, the person-in-charge of the accounting organ hereby
guarantee that the financial statements carried in this Report are factual, accurate and
complete.
Securities Times, Shanghai Securities News, Ta Kung Pao (HK) and www.cninfo.com.cn have
been designated by the Company for information disclosure. And all information about the
Company shall be subject to what’s disclosed on the aforesaid media.
This Report and its summary have been prepared in both Chinese and English. Should there
be any discrepancies or misunderstandings between the two versions, the Chinese versions
shall prevail.
1
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Part II Key Corporate Information
I Key Financial Information
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
30 September 2020 31 December 2019 Change (%)
Total assets (RMB) 162,430,979,728.70 156,696,917,845.87 3.66%
Equity attributable to the listed
35,981,501,820.33 35,972,804,419.42 0.02%
company’s shareholders (RMB)
Q3 2020 YoY change (%) Q1-Q3 2020 YoY change (%)
Operating revenue (RMB) 3,239,264,119.14 1.91% 9,161,761,277.62 1.65%
Net profit attributable to the listed
642,339,845.93 275.44% 1,275,138,431.76 -48.38%
company’s shareholders (RMB)
Net profit attributable to the listed
company’s shareholders before 605,513,230.59 289.03% 1,150,105,145.13 58.62%
exceptional gains and losses (RMB)
Net cash generated from/used in
1,665,387,875.49 18.98% 3,736,814,020.41 -5.55%
operating activities (RMB)
Basic earnings per share (RMB/share) 0.334 251.58% 0.663 -51.85%
Diluted earnings per share
0.334 251.58% 0.663 -51.85%
(RMB/share)
Weighted average return on equity
1.81% 1.29% 3.54% -4.20%
(%)
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
session before the disclosure of this Report 1,922,365,124
(share)
Fully diluted earnings per share based on the latest total share capital above:
Dividend of preference shares paid No preference shares
Fully diluted earnings per share based on the
0.6633
latest total share capital above (RMB/share)
2
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Exceptional gains and losses:
√ Applicable □ Not applicable
Unit: RMB
Item Q1-Q3 2020 Note
Gain or loss on disposal of non-current assets (inclusive of
693,724,248.54 -
impairment allowance write-offs)
Government subsidies charged to current profit or loss (exclusive
of government subsidies given in the Company’s ordinary course
90,898,183.07 -
of business at fixed quotas or amounts as per the government’s
uniform standards)
Capital occupation charges on non-financial enterprises that are
170,717,524.54 -
charged to current profit or loss
Gain or loss on fair-value changes in held-for-trading and
derivative financial assets and liabilities & income from disposal Gain or loss on fair value
of held-for-trading and derivative financial assets and liabilities changes in financial assets and
-486,465,335.85
and other investments in debt obligations (exclusive of the liabilities at fair value through
effective portion of hedges that arise in the Company’s ordinary profit or loss held in this year
course of business)
Reversed portions of impairment allowances for accounts
receivable and contract assets which are tested individually for 217,699.96 -
impairment
Non-operating income and expense other than the above -13,554,852.47 -
Less: Income tax effects 28,137,168.49 -
Non-controlling interests effects (net of tax) 302,367,012.67 -
Total 125,033,286.63 --
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or
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 for the Reporting Period.
3
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
II Total Number of Shareholders and Holdings of Top 10 of Them as at the End of the
Reporting Period
1. Numbe rs of Ordinary Shareholders and Preferred Shareholders with Resume d Voting
Rights as well as Holdings of Top 10 Shareholders
Unit: share
33,340 Number of preferred shareholders
Number of ordinary shareholders 0
(21,839 A-shares, 11,501 B-shares) with resumed voting rights (if any)
Top 10 shareholders
Nature of Shareholding Restricted shares Shares in pledge
Name of shareholder Total shares held
shareholder percentage held or frozen
China Merchants Port Investment
Foreign legal person 59.75% 1,148,648,648 1,148,648,648 0
Development Company Limited
China Merchants Gangtong State-owned legal
19.29% 370,878,000 0 0
Development (Shenzhen) Co., Ltd. person
Shenzhen Infrastructure Investment
Fund and wealth
Fund Management Co., Ltd.－
management 3.37% 64,850,182 64,850,182 0
Shenzhen Infrastructure Fund
products
Partnership (Limited Partnership)
China-Africa Development Fund State-owned legal
person 3.33% 64,102,564 64,102,564 0
Co., Ltd.
State-owned legal
Broadford Global Limited person 2.88% 55,314,208 0 0
CMBLSA RE FTIF TEMPLETON
Foreign legal person 0.80% 15,446,850 0 Unknown
ASIAN GRW FD GTI 5496
Hong Kong Securities Clearing
Foreign legal person 0.15% 2,919,222 0 Unknown
Company Ltd.
NORGES BANK Foreign legal person 0.15% 2,802,863 0 Unknown
China Merchants Securities (HK) State-owned legal
0.14% 2,599,955 0 Unknown
Co., Ltd. person
Domestic natural
Mai Shuqing 0.11% 2,129,247 0 Unknown
person
Top 10 unrestricted shareholders
Shares by type
Name of shareholder Unrestricted ordinary shares held
Type Shares
China Merchants Gangtong RMB ordinary
370,878,000 370,878,000
Development (Shenzhen) Co., Ltd. share
4
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Domestically
Broadford Global Limited 55,314,208 listed foreign 55,314,208
share
Domestically
CMBLSA RE FTIF TEMPLETON
15,446,850 listed foreign 15,446,850
ASIAN GRW FD GTI 5496
share
Hong Kong Securities Clearing RMB ordinary
2,919,222 2,919,222
Company Ltd. share
Domestically
NORGES BANK 2,802,863 listed foreign 2,802,863
share
Domestically
China Merchants Securities (HK)
2,599,955 listed foreign 2,599,955
Co., Ltd.
share
RMB ordinary
Mai Shuqing 2,129,247 2,129,247
share
Domestically
Shen Huailing 1,630,749 listed foreign 1,630,749
share
Industrial and Commercial Bank of
China－Fullgoal CSI Dividend RMB ordinary
1,304,401 1,304,401
Index Enhanced Securities share
Investment Fund
RMB ordinary
Lin Jianjuan 1,264,000 1,264,000
share
China Merchants Gangtong Development (Shenzhen) Co., Ltd. is a controlled subsidiary of
Related or acting-in-concert parties Broadford Global Limited, and Broadford Global Limited is the controlling shareholder of
among the shareholders above China Merchants Port Investment Development Company Limited. The Company does not
know whether the other unrestricted shareholders are related parties or not.
Top 10 shareholders engaged in
N/A
securities margin trading (if any)
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted
ordinary shareholders of the Company conducted any promissory repo during the Reporting Period.
□ Yes √ No
No such cases in the Reporting Period.
5
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
6
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Part III Significant Events
I Changes in Key Financial Statement Line Items and Their Explanation
√ Applicable □ Not applicable
Unit: RMB
Change
Balance sheet items 30 September 2020 31 December 2019 Explanation of changes
(%)
Time of payment by clients and slower
Accounts receivable 1,793,332,566.08 1,356,460,129.90 32.21% collection of payments at the end of a
quarter than at the end of a year
Additional receivable government
Other receivables 2,821,563,627.82 2,129,378,252.50 32.51% compensation for land acquisition in the
current period
Non-current assets due within one Extension of non-current assets due
25,707,051.04 808,893,013.06 -96.82%
year within one year upon maturity
Providing loan for Terminal Link SAS
Long-term receivables 4,132,143,210.81 1,098,831,799.90 276.05% (hereinafter referred to as “TL”) in the
current period
Changes in fair value and new
Other non-current financial assets 3,762,812,016.75 2,385,363,537.39 57.75%
investments in the current period
Dividends payable, which will be paid
Other payables 3,539,052,507.96 2,223,754,677.96 59.15% at the end of the year as a usual practice
of the Company and its subsidiaries
Non-current liabilities due within Repayment of debt due within one year
3,026,870,677.93 6,104,339,856.79 -50.41%
one year in the current period
New issue of super short-term
Other current liabilities 3,198,796,967.04 885,956,581.63 261.06%
commercial paper
Change
Income statement items Q1-Q3 2020 Q1-Q3 2019 Explanation of changes
(%)
Net effect of a decrease in the interest
Financial expenses 1,140,668,376.13 1,512,661,989.99 -24.59% rate and of exchange gains on exchange
rate fluctuations
Changes in the fair value of financial
Gains from changes in fair value -488,315,935.84 278,440,925.78 -275.38%
assets in the current period
Compensation income from the transfer
of land in Qianhai in the same period of
Gains on disposal of assets 693,724,248.54 4,171,684,760.29 -83.37%
last year, with no comparable income in
the current period
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Income tax on the compensation income
from the transfer of land in Qianhai in
Income tax expenses 611,495,691.87 2,167,283,540.59 -71.79% the same period of last year, with no
comparable income tax in the current
period
Change
Cash flow statement items Q1-Q3 2020 Q1-Q3 2019 Explanation of changes
(%)
Compensation income from the transfer
Net cash received from disposal of
of land in Qianhai in the same period of
fixed assets, intangible assets and 373,091,292.57 6,135,808,673.12 -93.92%
last year, with no comparable income in
other long-term assets
the current period
Recovered principals of structured
deposits decreased year-on-year, and the
Cash received relating to other same period of last year saw the recovery
978,146,461.61 4,062,782,125.98 -75.92%
investing activities of a shareholder loan, with no
comparable recovery of loan in the
current period
Subscription for MCB issued by TL and
Cash paid to acquire investments 10,944,362,282.33 7,828,684,852.29 39.80% investment in Northeast Asia
Development and Investment Co., Ltd.
Cash paid relating to other Payment of loan to TL in the current
3,011,289,010.12 1,303,951,129.78 130.94%
investing activities period
Increase in short-term borrowings
Cash received from borrowings 23,726,548,723.25 12,838,230,272.62 84.81%
received in the current period
Increase in repayments of mature
Repayments of borrowings 17,803,978,213.32 11,791,203,049.88 50.99%
borrowings in the current period
Cash paid relating to other Payment for the acquisition of a 10%
757,948,189.24 281,985,995.17 168.79%
financing activities interest in TCP in the current period
II Progress, Influence and Solutions in respect of Significant Events
√ Applicable □ Not applicable
1. Index to Information Disclosure
In the Reporting Period, the Company disclosed the following significant events:
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Announcement
No. Date Title
No.
1 2020-057 9 July 2020 Announcement on Implementation of Dividend Assignation of 2019
2 2020-058 11 July 2020 Announcement on Semi-annual Performance Estimation of 2020
3 2020-059 11 July 2020 Announcement on Voluntary Disclosure of the Business Volume Data of June
2020
4 2020-060 28 July 2020 Reminder of Issuance of Support Letter to Antong Holdings Co., Ltd.
5 2020-061 15 August 2020 Announcement on Voluntary Disclosure of the Business Volume Data of July 2020
6 2020-062 15 August 2020 Announcement on Increase in Information Disclosure Media
7 2020-063 29 August 2020 Announcement on the Resolutions of the 2nd Meeting of the 10th Board of
Directors
8 2020-064 29 August 2020 Announcement on the Resolutions of the 2nd Meeting of the 10th Supervisory
Committee
2020-065 29 August 2020 Abstract of Interim Report of 2020
9
2020-065 29 August 2020 Abstract of Interim Report of 2020 (English version)
10 2020-066 29 August 2020 Special Report of the Deposit and Use of Semi-annual Raised Funds in 2020
11 2020-067 29 August 2020 Announcement on Issuing the Interim Results of Controlled Subsidiaries in 2020
12 2020-068 29 August 2020 Announcement on Convening Online Communication Meeting of Investors for
Semi-annual Performance of 2020
13 2020-069 15 September 2020 Announcement on Voluntary Disclosure of the Business Volume Data of August
2020
14 2020-070 26 September 2020 Announcement on Adjustment of Guarantee Line among Subsidiaries
Progress of any share repurchase:
□ Applicable √ Not applicable
Progress of any reduction of the repurchased shares through centralized bidding:
□ Applicable √ Not applicable
III Commitme nts that the Company’s Actual Controller, Shareholders, Related Parties,
Acquirers, the Company Itself or Other Relevant Parties, Failed to Fulfill on Time during the
Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
9
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
IV Financial Investments
1. Securities Investments
√ Applicable □ Not applicable
Unit: RMB
Cu mul
Gain/loss ative
Account on fair fair Sold in Gain/los
Variety Code Purchased
Name of Initial ing Beginning value value the s in the Ending Capital
of of in the Account
securitie investment measure carrying changes change Reporti Reporti carrying resourc
securitie securi Reporting ing title
s cost ment value in the s ng ng value es
s ties Period
method Reportin recorde Period Period
g Period d into
equity
Trading
Ningbo 2,057,581,70 Fair value 1,548,914, -39,005,4 1,465,398,6 53,304, 2,946,245, Self-ow
Stock 601018 - - financia
Port 6.69 method 671.20 01.15 11.55 320.49 980.67 ned
l assets
Trading
Qingdao 124,405,138. Fair value 204,263,9 -38,291,8 8,145,3 163,101,0 Self-ow
Stock 6198 - - - financia
Port 80 method 17.11 71.63 87.45 87.02 ned
l assets
Trading
Qingdao 331,404,250. Fair value 616,000,0 21,280,0 22,433, 637,280,0 Self-ow
Stock 601298 - - - financia
Port 30 method 00.00 00.00 600.00 00.00 ned
l assets
Other
investm
Jiangsu
Fair value 11,220,00 -114,90 460,00 11,066,80 ents in Self-ow
Stock 600377 Exp ress 1,120,000.00 - - -
method 0.00 0.00 0.00 0.00 equity ned
way
instrum
ents
Other
investm
Petroche
Fair value 382,200.0 382,200.0 ents in Self-ow
Stock 400032 mical 3,500,000.00 - - - - -
method 0 0 equity ned
A1
instrum
ents
Other
investm
Guang Fair value ents in Self-ow
Stock 400009 27,500.00 17,000.00 - - - - 17,000.00
Jian 1 method equity ned
instrum
ents
2,518,038,5 -- 2,380,797, -56,017,2 -114,90 1,465,398,6 0.00 84,343, 3,758,093,
Total -- --
95.79 788.31 72.78 0.00 11.55 307.94 067.69
2. Investments in Derivative Financial Instrume nts
□ Applicable √ Not applicable
No such cases in the Reporting Period.
10
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
V Progress of Projects Financed with Raised Funds
√ Applicable □ Not applicable
1. Funds Raised through Private Placement of Shares
Pursuant to the Reply of China Securities Regulatory Commission on the Approval of Shenzhen
Chiwan Wharf Holdings Limited Offering Shares to China Merchants Investment Development
Company Limited for Asset Acquisition and Raising the Matching Funds (ZJXK [2018] No. 1750)
dated 31 October 2018, the Company issued, in a private placement, a total of 128,952,746 shares
of RMB-denominated ordinary shares (A-shares) to two entities including China-Africa
Development Fund at RMB17.16/share, raising a total of RMB2,212,829,121.36 (with the net
amount after deducting issuance costs being RMB2,185,997,340.15). Following the arrival of the
aforesaid funds, BDO China Shu Lun Pan Certified Public Accountants LLP issued a Capital
Verification Report (XKSBZ [2019] No. ZI10673).
As of 30 September 2020, a total of RMB1,167,720,741.26 of raised funds have been used,
including: (1) RMB582,722,414.48 as the replacement for the self-financings that had been in
advance input into project to be financed by raised funds; (2) RMB558,166,545.57 (after the arrival
of the raised funds) for the Haixing Harbor Renovation Project (Phase II), w ith
RMB324,533,139.29 in 2019 and RMB233,633,406.28 in Q1-Q3 2020; and (3) RMB26,831,781.21
as issuance costs.
As of 30 September 2020, the interest income in the account of raised funds during Q1-Q3 2020
minus service charges stood at RMB928,902.57. And the income from structured deposits during
Q1-Q3 2020 stood at RMB24,059,315.07. Therefore, as of 30 September 2020, the balance in the
account of raised funds amounted to RMB1,071,194,838.63. The use and balance of the raised
funds are as follows:
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Unit: RMB
Item Amount
Opening balance of raised funds (31 December 2019) 1,279,840,027.27
Less: raised funds that were directly used for project to be
233,633,406.28
financed by raised funds
Add: Income from structured deposits in Q1-Q3 2020 24,059,315.07
Net interest income from raised funds in Q1-Q3 2020 928,902.57
Closing balance of raised funds (30 September 2020) 1,071,194,838.63
2. Funds Raised through Corporate Bonds
On 7 July 2020, the Company issued RMB 2 billion of corporate bonds at the Shenzhen Stock
Exchange, with a coupon rate of 3.36% and a term of three years. The funds raised would be used to
acquire 1,606,855,919 ordinary shares in Zhanjiang Port (Group) Co., Ltd. (accounting for
27.3544% of Zhanjiang Port’s total issued shares) from the issuer’s wholly-owned subsidiary
Chiwan Wharf Holdings (Hong Kong) Limited. As of 30 September 2020, the handover of the said
equity interests has been completed.
VI 2020 Annual Operating Performance Forecast
Warning of a forecast loss on or a forecast significant year-on-year change in the 2020 annual net
profit, as well as their explanation.
□ Applicable √ Not applicable
VII Significant Contracts Arising from the Company’s Ordinary Course of Business
□ Applicable √ Not applicable
VIII Cash Entrusted for Wealth Manage ment
□ Applicable √ Not applicable
No such cases in the Reporting Period.
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
IX Irregularities in the Provision of Guarantees
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X Occupation of the Company’s Capital by the Controlling Shareholder or any of Its Related
Parties for Non-Operating Purposes
□ Applicable √ Not applicable
No such cases in the Reporting Period.
XI Communications with the Investment Community such as Researche s, Inquiries and
Interviews Received during the Reporting Period
√ Applicable □ Not applicable
Type of Index to basic
Way of
Date Place communic Communication party information of
communication
ation party researches
China
One-on-one Haitong Securities, Golden Eagle
9 July 2020 Merchants Institution
meeting Fund
Port Building
Changjiang Securities, Huaxi
Securities, Haitong Securities,
China Zheshang Securities, Huarong Basic business
31 August 2020 Merchants Teleconferencing Institution Securities, Golden Eagle Fund, condition,
Port Building Baoying Fund, Lion Fund, Zeyuan investments and the
Capital, Xianhu Investment, financial condition of
Shanyuan Fund, Guanghuiyuan the Company;
10 September Strategic Meeting Materials provided:
Shanghai Institution Changjiang Securities
2020 of Brokers None;
China Index: SZSE EasyIR
22 September Ping An Insurance Asset
Merchants By phone Institution (http://irm.cninfo.co
2020 Management
Port Building m.cn/ircs/index)
By phone, or
1 July 2020 to China written inquiry
30 September Merchants (the EasyIR Individual -
2020 Port Building platform of SZSE
or email)
Times of communications 24
13
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Number of institutions communicated with 16
Number of individuals communicated with 20
Number of other communication parties 0
Tip-offs or leakages of substantial confidential information during the communications No
XII Progress Made on Internal Control
The focuses of risk control for Q3 2020 are as follows:
1. Establishme nt and Evaluation of Internal Control System
(1) Establishme nt of internal control system
In Q3 2020, the Company issued six related systems including the Regulations for Marketing and
Business of China Merchants Port Group Co., Ltd. (Interim) and Provisions on Establishment and
Management of Rules and Regulations of China Merchants Port Group Co., Ltd., which helped to
improve its management level control, organized the Company and its subsidiaries to attend the risk
management and internal control training so as to enhance their practical ability for risk control and
continuously promoted the Company to perfect and optimize twenty business control flows.
(2) Launching circular carding of manage ment for three core businesses
The Company further deepened the integration of internal control and business and strengthened the
internal control capacity. In Q3 2020, all units had completed the revision of systems regarding
three core businesses (procurement management, investment management and sales management)
and planned to accomplish the carding and perfecting of related business process manuals before
the end of the year.
(3) Carrying out the establishment and evaluation of internal control system on a regular
basis
In Q3 2020, all units conducted system carding and self-evaluation by sampling regarding internal
control pursuant to the annual internal control system establishment and evaluation work program.
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
The Company’s work group of risk control reexamined all units’ working papers regarding internal
control and reported problems in risk control so as to continuously promote all units’ internal
control system establishment and evaluation more regulated. During Q3 2020, the Company and its
subsidiaries completed the amendments to 86 systems, increased 51 systems and found 47 defects
of internal control among which 40 have been rectified. For the defects not rectified, the
rectification plan has been formulated.
(4) Conducting the supervision of internal control system as planne d
The Company worked out the “Three-year Coverage” work plan for supervising and inspecting
internal control systems for 22 subsidiaries incorporated into the Company’s internal control system
and intended to conduct the supervision and inspection of five units of them in 2020. In the first half
of the year, the Company had accomplished the supervision and inspection of Shunde, SCCT,
Haixing and Zhanjiang Port Project, given the defect lists of internal control evaluation, specified
the rectification responsibility assignment in accordance with the defect lists and tracked the
rectification progress on a quarterly basis.
2. Risk Management
(1) Major risks for 2020 were monitored
In 2020, we combined the top ten risk matters and annual emphasis of the Company together,
clarified the division of responsibility of each unit for risk prevention and control, tracked and
reported the implementation and control effects on a quarterly basis. The Company completed the
evaluation of its top ten major risks of 2021, formulated corresponding response plans, and
organized all units to complete the evaluation of and response to special risks for five types
(liquidity/product design/bulk business/IT/foreign-related). Currently, the Company is working out
the emergency plans.
(2) Continuously following up the risk prevention and control brought by COVID-19
epidemic and Sino-US trade
15
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
In the post-epidemic era, the global trade pattern is accelerating its differentiation. Sino-US trade
frictions have brought changes in the shipping line structure, the volume structure of businesses
including container and bulk cargo and supply-demand imbalance in various trade regions. The
Company’s work group of epidemic prevention and control kept an eye on the impact of the
epidemic and set up relevant emergency plans. In addition, the Company monitored the compliance
risks from sanctions by US, timely grasped the risk exposure of emergencies, formulated response
plans in advance, and took necessary preventive measures.
(3) Continuously improving the establishme nt of systems regarding customer credit ratings
and early warning of accounts receivable risks
During the Reporting Period, the project of customer credit rating system development entered the
final stage of sprinting. The trial implementation and optimization of functions of the customer
credit rating system were conducted simultaneously. In accordance with the guidelines for customer
credit rating work, the first online credit rating for customers was fully launched to effectively
improve the capacity to identify the credit risks of customers.
(4) Specifically promoting the quantitative management of overseas risks
During the Reporting Period, the Company accomplished the overall plan design for the
quantitative management for overseas risks in which the Company set up the early warning
indicators and thresholds for specific overseas risks, selected top 10 major overseas risks of the
Company and matched them with appropriate indicators. Furthermore, the Company optimized the
quantitative scoring template for risk indicators and data indexes (increasing the evaluation
indicator from the dimension of the Company) and continuously followed up the countermeasures
of indexes for preventing and controlling overseas risks.
XIII Deposits in and Loans Provided by a Finance Company
The Proposal on Signing Financial Service Agreement with Sinotrans & CSC Finance Co., Ltd. was
reviewed and approved on the 2nd Meeting of the 9th Board of Directors held by the Company on 23
16
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
August 2017, in which, the Company was agreed to signed the Financial Service Agreement with
Sinotrans & CSC Finance Co., Ltd. (renamed China Merchants Group Finance Co., Ltd. from
August 2017) with the period of three years.
The Proposal on Adjusting Limit of Deposits and Loans and Signing Supplementary Agreement to
Financial Service Agreement with China Merchants Group Finance Co., Ltd and the Related-party
Transactions was reviewed and approved on the 5th Meeting of the 9th Board of Directors held by
the Company on 28 March 2019, in which, the Company was agreed to signed Supplementary
Agreement to Financial Service Agreement with China Merchants Group Finance Co., Ltd.
The Proposal on Adjusting Limit of Deposits and Loans and Signing Supplementary Agreement II
to Financial Service Agreement with China Merchants Group Finance Co., Ltd and the
Related-party Transactions was reviewed and approved on the 4 th Extraordinary General Meeting of
2019 held by the Company on 11 December 2019, in which, the Company was agreed to signed
Supplementary Agreement II to Financial Service Agreement with China Merchants Group Finance
Co., Ltd.
At the end of the Reporting Period, deposits in and loans provided by China Merchants Group
Finance Co., Ltd. were as follows:
Unit: RMB’0,000
Item 31 December 2019 Q1-Q3 Increase Q1-Q3 Decrease Closing balance
I. Deposits in China Merchants Group Finance Co.,
89,006.52 496,106.36 485,087.75 100,025.13
Ltd.
II. Loans provided by China Merchants Group Finance
121,756.34 91,103.95 122,407.94 90,452.35
Co., Ltd.
17
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Part IV Financial Statements
I Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
30 September 2020
Unit: RMB
Item 30 September 2020 31 December 2019
Current assets:
Cash and bank balances 8,628,774,554.40 7,734,948,210.26
Notes receivable 16,322,866.61 38,192,250.02
Accounts receivable 1,793,332,566.08 1,356,460,129.90
Accounts receivable financing 188,493,394.44 260,760,537.45
Prepayments 64,402,404.81 55,034,019.81
Other receivables 2,821,563,627.82 2,129,378,252.50
Including: Interest receivable - 159,794.48
Dividends receivable 324,843,717.00 459,352,522.24
Inventories 219,748,883.42 163,980,192.08
Assets held for sale - 188,404,228.34
Non-current assets due within one year 25,707,051.04 808,893,013.06
Other current assets 2,212,932,210.73 2,298,792,661.70
Total current assets 15,971,277,559.35 15,034,843,495.12
Non-current Assets:
Long-term receivables 4,132,143,210.81 1,098,831,799.90
Long-term equity investments 62,405,870,952.18 57,916,539,383.26
Other investments in equity instruments 163,408,072.00 163,561,272.00
Other non-current financial assets 3,762,812,016.75 2,385,363,537.39
Investment properties 5,617,418,825.41 5,760,262,674.40
Fixed assets 26,091,936,559.02 27,519,962,529.29
Construction in progress 6,648,935,465.37 6,334,141,441.88
Right-of-use assets 9,434,390,997.22 9,633,325,390.46
Intangible assets 17,980,433,708.37 19,693,715,554.10
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Item 30 September 2020 31 December 2019
Development Expenditure 53,755,418.76 37,399,092.28
Goodwill 7,000,968,560.23 8,023,659,694.81
Long-term prepaid expenses 696,477,512.48 711,911,011.67
Deferred tax assets 367,875,080.73 300,435,502.27
Other non-current assets 2,103,275,790.02 2,082,965,467.04
Total non-current assets 146,459,702,169.35 141,662,074,350.75
Total assets 162,430,979,728.70 156,696,917,845.87
Current liabilities:
Short-term borrowings 11,393,195,390.47 9,439,099,793.47
Notes payable 15,643,907.50 76,455,949.01
Accounts payable 477,699,787.19 591,112,466.39
Receipts in advance 33,361,667.98 28,826,687.37
Contract liabilities 101,635,867.89 85,831,002.52
Employee benefits payable 729,220,270.43 634,718,784.64
Taxes payable 2,124,859,298.82 1,898,076,342.74
Other payables 3,539,052,507.96 2,223,754,677.96
Including: Dividends payable 1,177,405,149.94 150,286,550.81
Non-current liabilities due within one year 3,026,870,677.93 6,104,339,856.79
Other current liabilities 3,198,796,967.04 885,956,581.63
Total current liabilities 24,640,336,343.21 21,968,172,142.52
Non-current Liabilities:
Long-term borrowings 7,968,013,671.27 6,313,735,540.33
Bonds payable 22,425,805,093.05 20,930,681,967.19
Lease liabilities 1,463,329,716.35 1,647,129,968.61
Long-term payables 1,763,248,152.75 1,935,245,003.21
Projected benefits obligation 465,931,545.65 471,482,138.63
Provisions 83,331,211.73 76,242,559.95
Deferred income 1,120,164,736.35 1,147,752,857.17
Deferred tax liabilities 3,657,071,370.17 3,961,752,749.17
Other non-current liabilities 2,612,264,667.67 3,254,515,306.85
Total non-current liabilities 41,559,160,164.99 39,738,538,091.11
Total liabilities 66,199,496,508.20 61,706,710,233.63
Owners’ equity:
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Item 30 September 2020 31 December 2019
Share capital 1,922,365,124.00 1,922,365,124.00
Capital reserve 22,461,491,922.08 22,296,485,467.35
Other comprehensive income -915,179,078.13 -355,944,565.91
Special reserve 24,461,718.38 12,386,734.70
Surplus reserve 630,345,307.43 630,345,307.43
Unappropriated profit 11,858,016,826.57 11,467,166,351.85
Total owners' equity attributable to equity holders of the
parent 35,981,501,820.33 35,972,804,419.42
Total minority interests 60,249,981,400.17 59,017,403,192.82
Total owners’ equity 96,231,483,220.50 94,990,207,612.24
Total liabilities and owners’ equity 162,430,979,728.70 156,696,917,845.87
The financial statements on pages 18 to 32 were signed by the following:
Legal Representative: Bai Jingtao
Chief Financial Officer: Lu Yongxin
Head of Accounting Department: Sun Ligan
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
2. Balance Sheet of the Company
Unit: RMB
Item 30 September 2020 31 December 2019
Current Assets:
Cash and bank balances 777,935,771.79 690,685,211.42
Prepayments 50,356.08 -
Other receivables 1,030,388,875.16 805,534,763.27
Including: Dividends receivable 318,972,893.86 207,259,421.40
Other current assets 804,149,189.97 1,107,292,458.33
Total current assets 2,612,524,193.00 2,603,512,433.02
Non-current Assets:
Long-term receivables 59,131,828.60 61,004,284.75
Long-term equity investments 35,076,278,506.31 30,266,376,582.23
Other investments in equity instruments 155,535,435.00 155,688,635.00
Other non-current financial assets 1,425,863,948.15 -
Fixed assets 584,522.21 672,842.27
Construction in progress 6,914,076.12 5,803,169.37
Intangible assets 52,876,136.29 54,692,581.18
Deferred tax assets 10,812,131.06 928,465.21
Total non-current assets 36,787,996,583.74 30,545,166,560.01
Total assets 39,400,520,776.74 33,148,678,993.03
Current Liabilities:
Short-term borrowings 200,128,333.34 300,378,812.50
Employee benefits payable 23,905,199.49 6,000,000.00
Taxes payable 168,688,284.88 209,282,889.78
Other payables 1,132,900,094.34 628,013,119.77
Including: Dividends payable 707,140,917.30 34,577,578.12
Non-current liabilities due within one year 35,160,000.00 35,832,000.00
Other current liabilities 3,027,588,116.13 715,766,708.20
Total current liabilities 4,588,370,028.18 1,895,273,530.25
Non-current Liabilities:
Bonds payable 2,015,866,666.67 -
Deferred tax liabilities 35,126,558.75 35,164,858.75
Total non-current liabilities 2,050,993,225.42 35,164,858.75
Total liabilities 6,639,363,253.60 1,930,438,389.00
Owners’ equity:
Share capital 1,922,365,124.00 1,922,365,124.00
Capital reserve 27,590,215,618.67 27,576,242,527.73
Other comprehensive income 105,479,676.25 105,594,576.25
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Item 30 September 2020 31 December 2019
Surplus reserve 630,345,307.43 630,345,307.43
Unappropriated profit 2,512,751,796.79 983,693,068.62
Total owners’ equity 32,761,157,523.14 31,218,240,604.03
Total liabilities and owners’ equity 39,400,520,776.74 33,148,678,993.03
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
3. Consolidated Income Statement for Q3
Unit: RMB
Item Q3 2020 Q3 2019
I. Revenues 3,239,264,119.14 3,178,406,039.64
Including: Operating income 3,239,264,119.14 3,178,406,039.64
II. Costs and expenses 2,708,193,928.01 3,027,193,739.93
Including: Operating costs 1,947,962,279.25 1,970,062,313.17
Business taxes and levies 41,745,101.18 36,181,418.94
Administrative expenses 383,232,897.63 349,036,690.00
Research and development expenses 36,245,207.19 32,360,952.71
Financial expenses 299,008,442.76 639,552,365.11
Including: Interest expenses 487,072,314.33 537,231,578.17
Interest income 89,246,351.73 66,340,293.70
Add: Other income 29,797,699.55 40,977,175.67
Investment income (“-” for loss) 1,010,625,948.66 812,511,406.87
Including: Income from investments in associates
967,164,540.27 800,883,928.29
and joint ventures
Gains from changes in fair value (“-” for loss) -192,580,282.54 -365,186,387.23
Impairment losses of credit (“-” for loss) 2,750,332.72 -300,605.98
Impairment losses of assets (“-” for loss) - 96,054.00
Gains on disposal of assets (“-” for loss) 133,467,865.16 1,827,593.76
III. Operating profit (“-” for loss) 1,515,131,754.68 641,137,536.80
Add: Non-operating income 9,067,521.21 7,715,394.72
Less: Non-operating expenses 7,914,189.41 9,154,852.76
IV. Gross profit (“-” for loss) 1,516,285,086.48 639,698,078.76
Less: Income tax expenses 98,239,202.99 149,312,790.43
V. Net profit (“-” for net loss) 1,418,045,883.49 490,385,288.33
(I) Categorization by continuity of operation
1. Net profit of continued operation (“-” for loss) 1,418,045,883.49 490,385,288.33
2. Net profit of discontinued operation (“-” for loss) - -
(II) Categorization by attribution of ownership
1. Net profit attributable to owners of the parent 642,339,845.93 171,091,424.23
2. Profit or loss attributable to minority shareholder 775,706,037.56 319,293,864.10
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Item Q3 2020 Q3 2019
VI. Amount of other comprehensive net income after tax -690,591,511.19 -226,046,371.51
Amount of other comprehensive net income after tax
-179,505,224.93 -93,181,249.64
attributable to equity holders of the parent
(I) Other comprehensive income that will not be
201,687.72 -138,951.49
reclassified to profit or loss
1. Other comprehensive income under the equity
method that 204,087.72 123,548.51
will not be reclassified to profit or loss
2. Fair value changes of other investments in
-2,400.00 -262,500.00
equity instruments
(II) Other comprehensive income that will be
-179,706,912.65 -93,042,298.15
reclassified subsequently to profit or loss
1. Other comprehensive income under the equity
19,811,358.64 -14,204,312.79
method that will be reclassified to profit or loss
2. Translation differences of financial statements
-199,518,271.29 -78,837,985.36
denominated in foreign currencies
Amount of other comprehensive net income after tax
-511,086,286.26 -132,865,121.87
attributable to minority shareholders
VII. Total comprehensive income attributable to: 727,454,372.30 264,338,916.82
Owners of the parent 462,834,621.00 77,910,174.59
Minority shareholders 264,619,751.30 186,428,742.23
VIII. Earnings per share
(I) Basic earnings per share 0.334 0.095
(II) Diluted earnings per share 0.334 0.095
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
4. Income Statement of the Company for Q3
Unit: RMB
Item Q3 2020 Q3 2019
I. Operating income 6,641.78 2,255,597.58
Less: Operating costs 566,489.91 3,935,675.52
Business taxes and levies 1,504,414.60 250,040.88
Administrative expenses 28,189,116.51 4,351,326.63
Financial expenses 18,944,327.94 9,001,535.76
Including: Interest expenses 30,447,454.47 9,942,358.24
Interest income 11,504,967.67 3,565,984.24
Add: Other income - 67,712.05
Investment income (“-” for loss) 1,392,179,119.82 25,630,162.05
Including: Income from investments in associates
14,599,956.58 14,807,577.05
and joint ventures
Gains from changes in fair value (“-” for loss) -51,841,185.55 -
Gains on disposal of assets (“-” for loss) - 502,371.58
II. Operating profit (“-” for loss) 1,291,140,227.09 10,917,264.47
Add: Non-operating income 0.82 0.10
Less: Non-operating expenses - 13,063.89
III. Gross profit (“-” for loss) 1,291,140,227.91 10,904,200.68
Less: Income tax expenses -16,330,283.27 -3,681,490.33
IV. Net profit (“-” for loss) 1,307,470,511.18 14,585,691.01
1. Net profit of continued operation (“-” for loss) 1,307,470,511.18 14,585,691.01
2. Net profit of discontinued operation (“-” for loss) - -
V. Amount of other comprehensive net income after tax -2,400.00 -262,500.00
(I) Other comprehensive income that will not be
-2,400.00 -262,500.00
reclassified to profit or loss
1. Other comprehensive income under the equity
- -
method that will not be reclassified to profit or loss
2. Fair value changes of other investments in equity
-2,400.00 -262,500.00
instruments
(II) Other comprehensive income that will be reclassified
- -
subsequently to profit or loss
1. Other comprehensive income under the equity
- -
method that will be reclassified to profit or loss
2. Translation differences of financial statements
- -
denominated in foreign currencies
VI. Total comprehensive income 1,307,468,111.18 14,323,191.01
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
5. Consolidated income statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
I. Revenues 9,161,761,277.62 9,012,759,460.97
Including: Operating income 9,161,761,277.62 9,012,759,460.97
II. Costs and expenses 8,147,146,208.61 8,312,063,125.76
Including: Operating costs 5,664,045,985.15 5,578,083,009.08
Business taxes and levies 119,123,180.33 132,656,930.36
Administrative expenses 1,120,933,175.00 996,281,408.36
Research and development expenses 102,375,492.00 92,379,788.00
Financial expenses 1,140,668,376.13 1,512,661,989.99
Including: Interest expenses 1,485,022,904.04 1,575,186,876.47
Interest income 231,662,216.17 205,694,115.16
Add: Other income 85,394,974.94 114,069,681.43
Investment income (“-” for loss) 2,515,967,337.44 3,437,560,891.43
Including: Income from investments in associates
and joint ventures 2,361,769,311.92 2,596,836,906.37
Gains from changes in fair value (“-” for loss) -488,315,935.84 278,440,925.78
Impairment losses of credit (“-” for loss) -885,704.78 7,398,528.80
Impairment losses of assets (“-” for loss) 947,693.77 121,105.16
Gains on disposal of assets (“-” for loss) 693,724,248.54 4,171,684,760.29
III. Operating profit (“-” for loss) 3,821,447,683.08 8,709,972,228.10
Add: Non-operating income 36,812,886.60 22,095,013.06
Less: Non-operating expenses 31,024,511.92 16,661,227.05
IV. Gross profit (“-” for loss) 3,827,236,057.76 8,715,406,014.11
Less: Income tax expenses 611,495,691.87 2,167,283,540.59
V. Net profit (“-” for net loss) 3,215,740,365.89 6,548,122,473.52
(I) Categorization by continuity of operation
1. Net profit of continued operation (“-” for loss) 3,215,740,365.89 6,548,122,473.52
2. Net profit of discontinued operation (“-” for loss) - -
(II) Categorization by attribution of ownership
1. Net profit attributable to owners of the parent 1,275,138,431.76 2,470,272,754.81
2. Profit or loss attributable to minority shareholder 1,940,601,934.13 4,077,849,718.71
VI. Amount of other comprehensive net income after tax -1,796,050,700.29 -1,142,062,566.11
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Item Q1~Q3 2020 Q1~Q3 2019
Amount of other comprehensive net income after tax
attributable to equity holders of the parent -559,234,512.22 -425,793,792.72
(I) Other comprehensive income that will not be
reclassified to -1,261,655.72 15,491,398.99
profit or loss
1. Other comprehensive income under the equity
method that will not be reclassified to profit or loss -1,146,755.72 15,048,898.99
2. Fair value changes of other investments in
-114,900.00 442,500.00
equity instruments
(II) Other comprehensive income that will be
-557,972,856.50 -441,285,191.71
reclassified subsequently to profit or loss
1. Other comprehensive income under the equity
31,965,904.16 -39,983,917.59
method that will be reclassified to profit or loss
2. Translation differences of financial statements
-589,938,760.66 -401,301,274.12
denominated in foreign currencies
Amount of other comprehensive net income after tax
attributable to minority shareholders -1,236,816,188.07 -716,268,773.39
VII. Total comprehensive income attributable to: 1,419,689,665.60 5,406,059,907.41
Owners of the parent 715,903,919.54 2,044,478,962.09
Minority shareholders 703,785,746.06 3,361,580,945.32
VIII. Earnings per share
(I) Basic earnings per share 0.663 1.377
(II) Diluted earnings per share 0.663 1.377
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
6. Income Statement of the Company for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
I. Operating income 100,981.40 92,032,385.87
Less: Operating costs 1,699,469.73 76,074,166.52
Business taxes and levies 1,504,414.60 1,636,938.34
Administrative expenses 84,730,813.85 41,809,584.57
Financial expenses 20,250,852.28 37,124,831.40
Including: Interest expenses 46,275,853.81 32,276,680.84
Interest income 29,376,210.58 10,414,141.65
Add: Other income 355,292.70 279,433.82
Investment income (“-” for loss) 2,718,811,035.05 1,012,144,142.26
Including: Income from investments in associates
42,829,109.84 52,654,083.88
and joint ventures
Gains from changes in fair value (“-” for loss) -39,534,663.40 -
Gains on disposal of assets (“-” for loss) - 502,371.58
II. Operating profit (“-” for loss) 2,571,547,095.29 948,312,812.70
Add: Non-operating income 5,000.82 35,710.36
Less: Non-operating expenses - 81,092.18
III. Gross profit (“-” for loss) 2,571,552,096.11 948,267,430.88
Less: Income tax expenses 158,205,410.89 144,323,146.24
IV. Net profit (“-” for loss) 2,413,346,685.22 803,944,284.64
1. Net profit of continued operation (“-” for loss) 2,413,346,685.22 803,944,284.64
2. Net profit of discontinued operation (“-” for loss) - -
V. Amount of other comprehensive net income after tax -114,900.00 442,500.00
(I) Other comprehensive income that will not be
-114,900.00 442,500.00
reclassified to profit or loss
1. Other comprehensive income under the equity
- -
method that will not be reclassified to profit or loss
2. Fair value changes of other investments in equity
-114,900.00 442,500.00
instruments
(II) Other comprehensive income that will be
- -
reclassified subsequently to profit or loss
1. Other comprehensive income under the equity
- -
method that will be reclassified to profit or loss
2. Translation differences of financial statements
- -
denominated in foreign currencies
VI. Total comprehensive income 2,413,231,785.22 804,386,784.64
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
7. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
I. Cash Flows from Operating Activities:
Cash received from sales of goods and rendering of
services 8,868,939,926.02 8,883,879,809.23
Refunds of taxes 14,635,440.12 2,983,000.88
Cash received relating to other operating activities 787,885,971.67 826,743,586.32
Sub-total of cash inflows 9,671,461,337.81 9,713,606,396.43
Cash paid for goods purchased or services received 2,557,233,232.03 2,607,802,429.06
Cash paid to and on behalf of employees 2,037,600,197.12 1,884,322,010.85
Tax payments 782,279,015.53 697,239,343.97
Cash paid relating to other operating activities 557,534,872.72 567,689,626.20
Sub-total of cash outflows 5,934,647,317.40 5,757,053,410.08
Net Cash Flows from Operating Activities 3,736,814,020.41 3,956,552,986.35
II. Cash Flows from Investing Activities:
Cash received from disposal and recovery of investments 5,802,647,276.82 -
Cash received from investment income 1,375,104,379.13 1,409,672,809.32
Net cash received from disposal of fixed assets,
intangible assets and other long-term assets 373,091,292.57 6,135,808,673.12
Net proceeds from the disposal of subsidiaries and other
- 1,000,000.00
business units
Cash received relating to other investing activities 978,146,461.61 4,062,782,125.98
Sub-total of cash inflows 8,528,989,410.13 11,609,263,608.42
Cash paid to acquire or construct fixed assets, intangible
1,855,949,642.39 2,451,110,448.40
assets and other long-term assets
Cash paid to acquire investments 10,944,362,282.33 7,828,684,852.29
Cash paid relating to other investing activities 3,011,289,010.12 1,303,951,129.78
Sub-total of cash outflows 15,811,600,934.84 11,583,746,430.47
Net Cash Flows from Investing Activities -7,282,611,524.71 25,517,177.95
III. Cash Flows from Financing Activities:
Cash received from capital contributions - 27,255,000.00
Including: cash received from capital contributions from
- 27,255,000.00
minority owners of subsidiary
Cash received from borrowings 23,726,548,723.25 12,838,230,272.62
Cash received relating to other financing activities 1,877,099,037.43 -
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Item Q1~Q3 2020 Q1~Q3 2019
Sub-total of cash inflows 25,603,647,760.68 12,865,485,272.62
Repayments of borrowings 17,803,978,213.32 11,791,203,049.88
Dividends paid, profit distributed or interest paid 2,537,837,832.05 2,903,723,201.62
Including: Dividends paid, profit distributed to minority
787,156,872.11 1,343,615,386.61
shareholders.
Cash paid relating to other financing activities 757,948,189.24 281,985,995.17
Sub-total of cash outflows 21,099,764,234.61 14,976,912,246.67
Net Cash Flows from Financing Activities 4,503,883,526.07 -2,111,426,974.05
IV. Effect of Foreign Exchange Rate Changes on Cash and
Cash Equivalents -64,516,925.71 18,235,446.81
V. Net Increase in Cash and Cash Equivalents 893,569,096.06 1,888,878,637.06
Add: Opening Balance of Cash and Cash Equivalents 7,714,157,995.87 5,373,281,504.75
VI. Closing Balance of Cash and Cash Equivalents 8,607,727,091.93 7,262,160,141.81
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
8. Cash Flow Statement of the Company for Q1~Q3
Unit: RMB
Item Q1~Q3 2020 Q1~Q3 2019
I. Cash Flows from Operating Activities:
Cash received from sales of goods and rendering of
- 104,712,136.96
services
Cash received relating to other operating activities 52,892,891.24 7,971,877.19
Sub-total of cash inflows 52,892,891.24 112,684,014.15
Cash paid for goods purchased or services received - 35,832,461.34
Cash paid to and on behalf of employees 36,274,473.50 81,295,085.51
Tax payments 210,447,046.56 19,133,226.24
Cash paid relating to other operating activities 38,477,700.80 278,977,499.75
Sub-total of cash outflows 285,199,220.86 415,238,272.84
Net Cash Flows from Operating Activities -232,306,329.62 -302,554,258.69
II. Cash Flows from Investing Activities:
Cash received from disposal and recovery of
investments 2,150,000,000.00 -
Cash received from investment income 1,489,109,075.52 281,458,359.20
Cash received relating to other investing activities 247,303,477.07 228,867,355.24
Sub-total of cash inflows 3,886,412,552.59 510,325,714.44
Cash paid to acquire or construct fixed assets,
1,262,452.00 1,916,637.68
intangible assets and other long-term assets
Cash paid to acquire investments 4,315,635,262.00 375,334,390.00
Net payments for the acquisition of subsidiaries and
3,006,793,109.07 18,825,000.00
other business units
Cash paid relating to other investing activities 346,801,923.02 235,800,000.00
Sub-total of cash outflows 7,670,492,746.09 631,876,027.68
Net Cash Flows from Investing Activities -3,784,080,193.50 -121,550,313.24
III. Cash Flows from Financing Activities:
Including: cash received from capital contributions
5,397,833,243.33 1,660,000,000.00
from minority owners of subsidiary
Cash received relating to other financing activities 544,400,000.00 -
Sub-total of cash inflows 5,942,233,243.33 1,660,000,000.00
Repayments of borrowings 1,215,904,918.03 1,365,720,000.00
Dividends paid, profit distributed or interest paid 184,822,435.51 63,755,911.40
Cash paid relating to other financing activities 437,554,375.82 4,089,602.56
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2020
Item Q1~Q3 2020 Q1~Q3 2019
Sub-total of cash outflows 1,838,281,729.36 1,433,565,513.96
Net Cash Flows from Financing Activities 4,103,951,513.97 226,434,486.04
IV. Effect of Foreign Exchange Rate Changes on Cash
and Cash Equivalents -314,430.48 736,370.74
V. Net Increase in Cash and Cash Equivalents 87,250,560.37 -196,933,715.15
Add: Opening Balance of Cash and Cash Equivalents 690,685,211.42 389,841,854.93
VI. Closing Balance of Cash and Cash Equivalents 777,935,771.79 192,908,139.78
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year (2020) of the New
Accounting Standards Governing Revenue and Leases
□ Applicable √ Not applicable
2. Retrospective Adjustments to the Comparative Data of Prior Periods due to the First Execution in 2020
of the New Accounting Standards Governing Revenue and Leases
□ 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.
The Board of Directors
China Merchants Port Group Co., Ltd
31 October 2020
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