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招港B:2021年第三季度报告(英文版)2021-10-30  

                         China Merchants Port Group Co., Ltd.                                         The Report for the Third Quarter of 2021



 Stock Code: 001872/201872              Stock Name: CM Port Group/CM Port Group B             Announcement No. 2021-098




                                   CHINA MERCHANTS PORT GROUP CO., LTD.
                               THE REPORT FOR THE THIRD QUARTER OF 2021


          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. Wang Xiufeng, the Company’s legal representative, Tu Xiaoping, the Company’s 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.
3. Indicate by tick mark whether the financial statements herein have been audited by an independent auditor.

□Yes √ No

4. 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 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

Reason:
Business combination under common control.

                                                             YoY                                                    YoY
                                         Q3 2020            change                          Q1-Q3 2020             change
                   Q3 2021                                            Q1-Q3 2021
                                                             (%)                                                     (%)

                                  Original      Restated   Restated                   Original        Restated    Restated



                                                            1
China Merchants Port Group Co., Ltd.                                                The Report for the Third Quarter of 2021


Operating          4,047,333,525 3,239,264,119. 3,284,720,164             11,387,276,388 9,161,761,277. 9,247,217,881
                                                                 23.22%                                                     23.14%
revenue (RMB)                 .94            14           .24                        .20              62            .20

Net profit
attributable to
the listed         756,770,050.9 642,339,845.9 647,576,926.1              2,433,805,397. 1,275,138,431. 1,279,869,012
                                                                 16.86%                                                     90.16%
company’s                      4              3            8                           11            76            .34
shareholders
(RMB)

Net profit
attributable to
the listed
company’s
                   588,153,132.1 605,513,230.5 610,750,310.8              2,232,849,193. 1,150,105,145. 1,154,835,725
shareholders                                                     -3.70%                                                     93.35%
                                9              9            4                           16            13            .71
before
exceptional
gains and losses
(RMB)

Net cash
generated
from/used in                                                              4,759,841,014. 3,736,814,020. 3,745,235,630
                       ——           ——         ——          ——                                                       27.09%
operating                                                                               84            41            .79
activities
(RMB)

Basic earnings
per share                 0.394            0.334       0.337 16.91%               1.266            0.663          0.666 90.09%
(RMB/share)

Diluted
earnings per
                          0.394            0.334       0.337 16.91%               1.266            0.663          0.666 90.09%
share
(RMB/share)

Weighted
average return            1.96%           1.81%        1.94%     0.02%            6.38%            3.54%         3.52%      2.86%
on equity (%)

                                                                     31 December 2020                          Change (%)
                       30 September 2021
                                                      Original                      Restated                     Restated

Total assets
                              170,526,198,246.65   168,543,611,777.21                168,728,326,345.77                      1.07%
(RMB)

Equity
attributable to
                               39,081,793,750.60    37,117,806,052.18                   37,165,277,744.78                    5.16%
the listed
company’s


                                                                 2
 China Merchants Port Group Co., Ltd.                                        The Report for the Third Quarter of 2021


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
 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
                                                                                                                   1.2660
 latest total share capital above (RMB/share)


(II) Exceptional Gains and Losses
                                                                                                                 Unit: RMB

                          Item                           Q3 2021             Q1-Q3 2021                   Note

Gain or loss on disposal of non-current assets
                                                           -2,106,370.19           2,624,903.57 -
(inclusive of impairment allowance write-offs)

Government subsidies charged to current profit or
loss (exclusive of government subsidies continually
given in the Company’s ordinary course of business       22,622,058.93        314,955,081.46 -
at fixed quotas or amounts as per the government’s
policies and standards)

Capital occupation charges on non-financial
                                                          56,890,943.76        175,712,943.64 -
enterprises that are charged to current profit or loss

Current profit or loss on subsidiaries obtained in
business combinations involving enterprises under
                                                                                  -3,255,790.50 -
common control from the period-beginning to
combination dates, net

Gain or loss on fair-value changes in held-for-trading
financial assets and liabilities & income from
disposal of held-for-trading financial assets and
                                                         710,254,464.12        221,721,597.67 -
liabilities and available-for-sale financial assets
(exclusive of the effective portion of hedges that
arise in the Company’s ordinary course of business)

Reversed portions of impairment allowances for
receivables which are tested individually for              1,256,056.54            1,350,155.71 -
impairment

Custodian fees earned from entrusted operation                                      471,698.11 -

Non-operating income and expense other than the            2,387,311.67           21,394,350.94 -



                                                            3
 China Merchants Port Group Co., Ltd.                                                     The Report for the Third Quarter of 2021


above

Less: Income tax effects                                          255,938,893.38            181,241,337.40 -

         Non-controlling interests effects (net of tax)           366,748,652.70            352,777,399.25 -

Total                                                             168,616,918.75            200,956,203.95                 --

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.

The Company had no exceptional gains or losses during Q1-Q3 2021.

(III) Changes in Key Financial Statement Line Items and Their Explanation

                                                                                                                                Unit: RMB

    Balance sheet items          30 September 2021        31 December 2020 (restated)     Change (%)         Explanation of changes

Held-for-trading financial                                                                               Increase in the net amount of
                                      4,014,175,763.34                   850,165,448.59        372.16%
assets                                                                                                   structured deposits
Accounts receivable                   2,042,295,859.17               1,393,349,417.02           46.57% Increase in revenue
                                                                                                         Increase in the net amount of
Other current assets                    981,302,467.56                   434,074,085.16        126.07%
                                                                                                         structured deposits

                                                                                                         Transfer of the Haixing
Construction in progress              3,477,770,660.71               5,381,430,606.18          -35.37% intelligent harbor project to fixed
                                                                                                         assets

                                                                                                         Repayment of short-term
Short-term borrowings                 6,265,806,927.57              10,483,775,548.93          -40.23%
                                                                                                         borrowings upon maturity
Non-current liabilities due                                                                              Increase in corporate bonds due
                                      8,375,417,937.37               3,564,587,701.07          134.96%
within one year                                                                                          within one year
                                                                                                         New issue of super short-term
Other current liabilities             3,170,996,675.89               2,383,668,985.94           33.03%
                                                                                                         commercial papers

 Income statement items              Q1-Q3 2021             Q1-Q3 2020 (restated)         Change (%)         Explanation of changes

                                        328,343,162.91                    86,867,728.76        277.98% Receipt of government subsidies
Other income
                                                                                                         for business development
                                      4,736,067,742.42               2,514,918,383.87           88.32% Increase in the share of profits of
Investment income
                                                                                                         associates and joint ventures
Gains from changes in fair              221,721,597.68                -488,315,935.84          145.41% Adjustment to the calculation of



                                                                     4
 China Merchants Port Group Co., Ltd.                                                  The Report for the Third Quarter of 2021


value                                                                                                  concession royalties payable by
                                                                                                       TCP Participaes S.A.
                                                                                                       Recognition of income of
                                                                                                       Shantou Port from disposal of
Gains on disposal of assets             9,352,429.28                  693,724,248.54         -98.65% land in the same period of last
                                                                                                       year, with no comparable
                                                                                                       income in the current period
Income tax expenses                 1,213,675,997.89                  612,234,821.19         98.24% Increase in operating income
Cash flow statement items          Q1-Q3 2021             Q1-Q3 2020 (restated)         Change (%)          Explanation of changes

Cash receipts from
disposals and recovery of           8,880,000,000.00               5,802,647,276.82          53.03% Maturity of structured deposits
investments
Cash receipts from
                                    2,694,402,313.30               1,375,104,379.13          95.94% Cash dividends received
investments income
                                                                                                       Payment of loan to Terminal
Other cash payments
                                                                                                       Link S.A.S. in the same period
relating to investing                 16,434,653.35                3,011,289,010.12          -99.45%
                                                                                                       of last year, with no comparable
activities
                                                                                                       payment in the current period
Cash receipts from                                                                                     Decrease in short-term
                                   15,543,148,136.92              23,726,548,723.25          -34.49%
borrowings                                                                                             borrowings
                                                                                                       Payment for the acquisition of a
                                                                                                       10% interest in TCP
Other cash payments
                                                                                                       Participaes S.A. in the same
relating to financing                 13,196,969.01                   757,948,189.24         -98.26%
                                                                                                       period of last year, with no
activities
                                                                                                       comparable payment in the
                                                                                                       current period


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

                                          30,134 (18,815 A-shareholders, 11,319 Number of preferred shareholders
Number of ordinary shareholders                                                                                                          0
                                                                 B-shareholders) with resumed voting rights (if any)

                                                          Top 10 shareholders

                                                                                                                             Shares in
                                             Nature of          Shareholding                           Restricted shares
             Name of shareholder                                                   Total shares held                         pledge or
                                            shareholder           percentage                                 held
                                                                                                                              frozen

CHINA MERCHANTS PORT
                                        Foreign legal
INVESTMENT DEVELOPMENT                                                    59.75%       1,148,648,648      1,148,648,648                  0
                                        person
COMPANY LIMITED


                                                                  5
China Merchants Port Group Co., Ltd.                                                    The Report for the Third Quarter of 2021


CHINA MERCHANTS GANGTONG
                                       State-owned legal
DEVELOPMENT (SHENZHEN)                                                  19.29%           370,878,000                   0              0
                                       person
CO., LTD.

SHENZHEN INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN
                                       Funds, wealth
INFRASTRUCTURE
                                       management                        3.37%            64,850,182                   0              0
INVESTMENT FUND
                                       products, etc.
PARTNERSHIP (LIMITED
PARTNERSHIP)

CHINA-AFRICA DEVELOPMENT State-owned legal
                                                                         3.33%            64,102,564                   0              0
FUND                                   person

                                       State-owned legal
BROADFORD GLOBAL LIMITED                                                 2.88%            55,314,208                   0              0
                                       person

HONG KONG SECURITIES                   Foreign legal
                                                                         0.18%             3,425,583                   0     Unknown
CLEARING COMPANY LTD.                  person

                                       Domestic natural
ZHU HUI                                                                  0.15%             2,958,003                   0     Unknown
                                       person

CHINA MERCHANTS                        State-owned legal
                                                                         0.13%             2,573,555                   0     Unknown
SECURITIES (HK) CO., LTD.              person

ARROWSTREET EMERGING
                                       Foreign legal
MARKET ALPHA EXTENSION                                                   0.12%             2,247,991                   0     Unknown
                                       person
TRUST FUND

                                       Domestic natural
JIN XING                                                                 0.11%             2,166,700                   0     Unknown
                                       person

                                                 Top 10 unrestricted shareholders

                                                                                                                Shares by type
        Name of shareholder                         Unrestricted ordinary shares held
                                                                                                              Type           Shares

CHINA MERCHANTS GANGTONG
                                                                                                      RMB ordinary
DEVELOPMENT           (SHENZHEN)                                                        370,878,000                        370,878,000
                                                                                                      share
CO., LTD.

SHENZHEN       INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN
INFRASTRUCTURE                                                                                        RMB ordinary
                                                                                         64,850,182                         64,850,182
INVESTMENT                    FUND                                                                    share
PARTNERSHIP              (LIMITED
PARTNERSHIP)

CHINA-AFRICA DEVELOPMENT                                                                              RMB ordinary
                                                                                         64,102,564                         64,102,564
FUND                                                                                                  share

                                                                                                      Domestically
BROADFORD GLOBAL LIMITED                                                                 55,314,208                         55,314,208
                                                                                                      listed foreign


                                                                 6
 China Merchants Port Group Co., Ltd.                                                 The Report for the Third Quarter of 2021


                                                                                                     share

HONG        KONG         SECURITIES                                                                  RMB ordinary
                                                                                         3,425,583                        3,425,583
CLEARING COMPANY LTD.                                                                                share

                                                                                                     RMB ordinary
ZHU HUI                                                                                  2,958,003                        2,958,003
                                                                                                     share

                                                                                                     Domestically
CHINA MERCHANTS
                                                                                         2,573,555 listed foreign         2,573,555
SECURITIES (HK) CO., LTD.
                                                                                                     share

ARROWSTREET EMERGING                                                                                 Domestically
MARKET ALPHA EXTENSION                                                                   2,247,991 listed foreign         2,247,991
TRUST FUND                                                                                           share

                                                                                                     Domestically
JIN XING                                                                                 2,166,700 listed foreign         2,166,700
                                                                                                     share

                                                                                                     RMB ordinary
MAI SHUQING                                                                              2,129,247                        2,129,247
                                                                                                     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.

(II) Numbe r of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

III Other Significant Events

(I) Private Placement of A-shares and Subscription of Shares in Ningbo Port

On 13 July 2021, the Proposal on the Plan for Private Placement of A-shares, the Proposal on Subscription by the

Company as a Strategic Investor of Shares in a Private Placement of Ningbo Zhoushan Port Company Limited &

Related-party Transaction, and other relevant proposals were approved unanimously at the 6 th Extraordinary

Meeting of the Company’s 10th Board of Directors in 2021, and the 3rd Extraordinary Meeting of the Company’s

                                                                  7
 China Merchants Port Group Co., Ltd.                                   The Report for the Third Quarter of 2021



10th Supervisory Committee in 2021, respectively. As such, the Company was agreed to introduce Zhejiang

Provincial Seaport Investment & Operation Group Co. Ltd. (Seaport Group) as a strategic investor by carrying out

a private placement of 577,000,000 A-shares (or 30% of the Company’s total share capital before the issue) to

Seaport Group to raise RMB10.917 billion. Meanwhile, the Company was agreed to subscribe for in cash, as a

strategic investor, 3,646,971,029 A-shares in the 2021 private placement of Ningbo Zhoushan Port Company

Limited (Ningbo Port). For further information, see Announcement No. 2021-053 on the Resolutions of the 6th

Extraordinary Meeting of the 10th Board of Directors in 2021, Announcement No. 2021-054 on the Resolutions of

the 3rd Extraordinary Meeting of the 10th Supervisory Committee in 2021, Announcement No. 2021-057 on

Subscription by the Company as a Strategic Investor of Shares in a Private Placement of Ningbo Zhoushan Port

Company Limited & Related-party Transaction, and other relevant announcements disclosed by the Company

dated 14 July 2021.


On 26 August 2021, the Company disclosed that it had received the Reply on the Private Placement of A-shares of

China Merchants Port Group Co., Ltd. (Guo Zi Chan Quan [2021] No. 457) issued by the State-owned Assets

Supervision and Administration Commission of the State Council, which in principle consented to the plan of the

Company for a private placement of no more than 576,709,537 A-shares to Zhejiang Provincial Seaport

Investment & Operation Group Co. Ltd. (SS). For further information, see Announcement No. 2021-070 on

Approval of Private Placement of A-shares by SASAC of the State Council disclosed by the Company dated 27

August 2021.

On 27 September 2021, the proposals in relation to the private placement of A-shares were approved at the 1st

Extraordinary General Meeting of the Company in 2021. For further information, see Announcement No.

2021-087 on Announcement on Resolutions of the 1st Extraordinary General Meeting of 2021 disclosed by the

Company dated 28 September 2021.

(II) Progress, Influence and Solutions in respect of Significant Events

1. Index to Information Disclosure

In the Reporting Period, the Company disclosed the following significant events:



                                                        8
 China Merchants Port Group Co., Ltd.                                              The Report for the Third Quarter of 2021



Announcement No.           Date                                                    Title

                                        Announcement on the Resolutions of the 5th Extraordinary Meeting of the 10th Board of
    2021-051       1 July 2021
                                        Directors in 2021

                                        Announcement on 2021 Interest Payment for 2020 Public Offering of Corporate Bonds
    2021-052       1 July 2021
                                        (Tranche 1) to Qualified Investors

                                        Announcement on the Resolutions of the 6th Extraordinary Meeting of the 10th Board of
    2021-053       14 July 2021
                                        Directors in 2021

                                        Announcement on the Resolutions of the 3rd Extraordinary Meeting of the 10th
    2021-054       14 July 2021
                                        Supervisory Committee in 2021

                                        Announcement on Signing Conditionally Effective Share Subscription Agreement with
    2021-055       14 July 2021
                                        Certain Entities & Related-party Transaction

                                        Announcement on Signing Strategic Cooperation Framework Agreement with Zhejiang
    2021-056       14 July 2021
                                        Provincial Seaport Investment & Operation Group Co. Ltd.

                                        Announcement on Subscription by the Company as a Strategic Investor of Shares in a
    2021-057       14 July 2021         Private Placement of Ningbo Zhoushan Port Company Limited & Related-party
                                        Transaction

                                        Announcement on No Punishments or Other Regulatory Measures from the Securities
    2021-058       14 July 2021
                                        Regulator or the Stock Exchange in the Past 5 Years


    2021-059       14 July 2021         Reminder on Changes in Shareholders’ Equity in a Private Placement


    2021-060       15 July 2021         Announcement on Estimated Increase in 2021 Interim Earnings


    2021-061       15 July 2021         Announcement on Voluntary Disclosure of the Business Volume Data of June 2021


    2021-062       15 July 2021         Announcement on Payout of 2020 Final Dividends



    2021-063       17 July 2021         Reminder on the 4th Issue of SCP in 2021



    2021-064       21 July 2021         Announcement on Results of the 4th Issue of SCP in 2021


    2021-065       7 August 2021        Announcement on Resignation of Deputy General Manager Mr. Zheng Shaoping


    2021-066       14 August 2021       Announcement on Voluntary Disclosure of the Business Volume Data of July 2021


    2021-067       14 August 2021       Announcement on Resignation of Chairman of the Supervisory Committee

                                        Announcement on the Resolutions of the 7th Extraordinary Meeting of the 10th Board of
    2021-068       24 August 2021
                                        Directors in 2021


                                                               9
China Merchants Port Group Co., Ltd.                                              The Report for the Third Quarter of 2021


                                       Announcement on Resignation of Director and Senior Management & Re-election of
   2021-069      24 August 2021
                                       Director and Appointment of CEO

                                       Announcement on Approval of Private Placement of A-shares by SASAC of the State
   2021-070      28 August 2021
                                       Council


   2021-071      31 August 2021        Announcement on the Resolutions of the 4th Meeting of the 10th Board of Directors


   2021-072      31 August 2021        Announcement on the Resolutions of the 4th Meeting of the 10th Supervisory Committee


                                       Interim Report 2021 (Summary) (Chinese Version)
   2021-073      31 August 2021
                                       Interim Report 2021 (Summary) (English Version)


   2021-074      31 August 2021        Special Report of the Deposit and Use of Raised Funds for H1 2021


                                       Announcement on Incorporation of HK Wholly-owned Subsidiary and Adjustment to
   2021-075      31 August 2021
                                       Ownership Structure of the Subsidiary


                                       Announcement on Adjustments to the Deposit and Loan Limits with China Merchants
   2021-076      31 August 2021
                                       Bank & Related-party Transaction


   2021-077      31 August 2021        Announcement on Release of 2021 Interim Results by Majority-owned Subsidiary



   2021-078      31 August 2021        Announcement on Online Investor Meeting on 2021 Interim Results


                                       Announcement on the Resolutions of the 8th Extraordinary Meeting of the 10th Board of
   2021-079      9 September 2021
                                       Directors in 2021

                                       Announcement on the Resolutions of the 4th Extraordinary Meeting of the 10th
   2021-080      9 September 2021
                                       Supervisory Committee in 2021


                                       Announcement on Majority-owned Subsidiary Signing Supplementary Agreement to
   2021-081      9 September 2021
                                       Lease Agreement Regarding Concessions


   2021-082      9 September 2021      Notice of the 1st Extraordinary General Meeting of 2021

                                       Announcement on Alteration of Registered Information with Industry and Commerce
   2021-083      14 September 2021
                                       Administration
                                       关于完成工商变更登记的公告
   2021-084      15 September 2021     Announcement on Voluntary Disclosure of the Business Volume Data of August 2021



   2021-085      23 September 2021     Announcement on Redemption of the 2nd Issue of SCP in 2021 upon Maturity


   2021-086      25 September 2021     Reminder on the 5th Issue of SCP in 2021



                                                             10
    China Merchants Port Group Co., Ltd.                                                           The Report for the Third Quarter of 2021


         2021-087           28 September 2021       Announcement on Resolutions of the 1st Extraordinary General Meeting of 2021

                                                    Announcement on the Resolutions of the 9th Extraordinary Meeting of the 10th Board of
         2021-088           28 September 2021
                                                    Directors in 2021

         2021-089           29 September 2021       Announcement on Results of the 5th Issue of SCP in 2021


   2. Progress of any Share Repurchase

   □ Applicable √ Not applicable

   3. Progress of any Reduction of the Repurchased Shares through Centralized Bidding

   □ Applicable √ Not applicable

   (III) Financial Investments

   1. Securities Investments

                                                                                                                                                 Unit: RMB
                                                                   Gain/loss on Cumulative
                                                                                             Purchased
                                  Initial  Accounting    Beginning fair value    fair value            Sold in the                   Ending Accou Funding
Variety of Code of Name of                                                                     in the               Gain/loss in the
                                 investme measurement     carrying  changes in    changes              Reporting                     carrying nting
securities securities securities                                                             Reporting             Reporting Period
                                  nt cost   method         value the Reporting recorded into             Period                       value title source
                                                                                              Period
                                                                      Period       equity

                                                                                                                                                 Held-f
                                                                                                                                                 or-tra
                     Qingdao 331,404, Fair       value 720,160,000 -69,440,000                                                         650,720 ding       Self-fun
Stock      601298                                                                              -      -          - 29,366,400.00
                       Port    250.30 method                .00         .00                                                            ,000.00 financ ded
                                                                                                                                                 ial

                                                                                                                                                 assets

                                                                                                                                                 Held-f
                                                                                                                                                 or-tra
                     Qingdao 124,405, Fair       value 166,225,139 -24,736,441                                                         139,242 ding       Self-fun
Stock       06198                                                                              -      -          - 10,812,917.01
                       Port    138.80 method                .77         .54                                                            ,228.69 financ ded

                                                                                                                                                 ial

                                                                                                                                                 assets

                                                                                                                                                 Invest
                                                                                                                                                 ment

                     Jiangsu                                                                                                                     in
                               1,120,00 Fair     value 10,786,800.                                                                     10,296,            Self-fun
Stock      600377 Expressw                                                     - -367,500.00          -          -   460,000.00                  other
                                 0.00   method               00                                                                        800.00             ded
                       ay                                                                                                                        equity
                                                                                                                                                 instru

                                                                                                                                                 ments


                                                                                                                                                 Invest
                     Petroche 3,500,00 Fair      value                                                                                 382,200 ment Self-fun
Stock      400032                                        382,200.00            -               -      -          -                 -
                     micalA1     0.00   method                                                                                           .00     in       ded

                                                                                                                                                 other



                                                                              11
   China Merchants Port Group Co., Ltd.                                                              The Report for the Third Quarter of 2021


                                                                                                                                                 equity

                                                                                                                                                 instru

                                                                                                                                                 ments




                                                                                                                                                 Held-f
                                                                                                                                                 or-tra

               Antong 391,956. Fair   value                                                                                            175,763 ding        Self-fun
Stock   600179 Holdings                     165,448.59            10,311.74                     -      -         -                 -
                         73    method                                                                                                    .34     financ ded

                                                                                                                                                 ial

                                                                                                                                                 assets

                                                                                                                                                 Invest
                                                                                                                                                 ment

                                                                                                                                                 in
               Guang    27,500.0 Fair        value                                                                                     17,000.             Self-fun
Stock   400009 Jian 1                                 17,000.00               -                 -      -         -                 -             other
                           0       method                                                                                                00                ded
                                                                                                                                                 equity

                                                                                                                                                 instru

                                                                                                                                                 ments

                        460,848,                     897,736,588 -94,166,129                                                           800,833
         Total                          --                                        -367,500.00          -         - 40,639,317.01                      --      --
                        845.83                           .36         .80                                                               ,992.03



  2. Investments in Derivative Financial Instrume nts

  □ Applicable √ Not applicable

  No such cases in the Reporting Period.

  (IV) Progress of Projects Financed with Raised Funds

  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).



                                                                           12
 China Merchants Port Group Co., Ltd.                                              The Report for the Third Quarter of 2021



As of 30 September 2021, a total of RMB9,126,206,468.29 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) RMB986,652,272.60 (after the arrival of the raised funds) for the Haixing Harbor

Renovation Project (Phase II), with RMB324,533,139.29 in 2019, RMB424,734,590.46 in 2020, and

RMB237,384,542.85 in Q1-Q3 2021; (3) RMB26,831,781.21 as issuance costs; (4) RMB6,630,000,000.00 was

used for purchasing structured deposits, including RMB1,200,000,000.00 in 2019, RMB2,650,000,000.00 in 2020,

and RMB2,780,000,000.00 in Q1-Q3 2021; and (5) RMB900,000,000.00 was used for purchasing seven-day

notice deposits, including RMB900,000,000.00 in Q1-Q3 2021.

As of 30 September 2021, the interest income in the account of raised funds minus service charges stood at

RMB2,107,035.43 (2019: RMB795,775.14; 2020: RMB1,142,652.22; Q1-Q3 2021: RMB168,608.07). The

amount of structured deposits redeemed was RMB6,130,000,000.00 (2019: RMB100,000,000.00; 2020:

RMB2,950,000,000.00; Q1-Q3 2021: RMB3,080,000,000.00). The amount of income from structured deposits

was RMB36,243,726.02 (2019: RMB302,465.75; 2020: RMB28,538,767.13; Q1-Q3 2021: RMB7,402,493.14).

The    amount      of     seven-day      notice     deposits      redeemed   was   RMB759,000,000.00           (Q1-Q3         2021:

RMB759,000,000.00). The amount of income from seven-day notice deposits was RMB3,270,375.00.

As of 30 September 2021, the balance in the account of raised funds amounted to RMB658,243,789.52. The use

and balance of the raised funds are as follows:
                                                                                                                      Unit: RMB

                                Item                                                        Amount


 Opening balance of raised funds (31 December 2020)                                                             884,786,856.16

   Less: raised funds that were directly used for project to be
                                                                                                                237,384,542.85
 financed by raised funds in Q1-Q3 2021

   Add: Income from structured deposits in Q1-Q3 2021                                                              7,402,493.14


         Income from seven-day notice deposits in Q1-Q3 2021                                                       3,270,375.00


        Net interest income from raised funds in Q1-Q3 2021                                                          168,608.07


 Closing balance of raised funds (30 September 2021)                                                            658,243,789.52


2. Funds Raised through Corporate Bonds

                                                                   13
 China Merchants Port Group Co., Ltd.                                                 The Report for the Third Quarter of 2021



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 2021,

the handover of the said equity interests has been completed. The first interest payment for the said corporate

bonds was completed on 8 July 2021.

(V) Communications with the Investment Community such as Researches, Inquiries and
Interviews Received during the Reporting Period

                                                      Type of
                                          Way of                                                               Index         to        basic
                                                      commun
        Date                Place       communic                           Communication party                 information               of
                                                      ication
                                             ation                                                             researches
                                                       party
                                                                  Changjiang       Securities,      Essence
                                                                  Securities, Ping An Asset Management,
                                                                  Haitong Securities, Kymco Capital,
                        China
                                                                  Minsen     Investment,   Golden     Eagle
                        Merchants                     Instituti                                                Basic               business
31 August 2021                          By phone                  Fund,    Hotland     Innovation     Asset
                        Port                             on                                                    condition, investments
                                                                  Management,        Greenwoods       Asset,
                        Building                                                                               and     the        financial
                                                                  Zhaofeng      Investment,       Congrong
                                                                                                               condition          of     the
                                                                  Investment,    Foresight       Investment,
                                                                                                               Company;
                                                                  Southern Raytai Fund, Taiping Fund
                                                                                                               Materials          provided:
                                        By phone,
                                                                                                               None;
                                        or written
                                                                                                               Index: SZSE EasyIR
                        China           inquiry
                                                                                                               (http://irm.cninfo.com.
1 July 2021 to 30       Merchants       (the          Individu
                                                                  -                                            cn/ircs/index)
September 2021          Port            EasyIR           al
                        Building        platform
                                        of     SZSE
                                        or email)

Times of communications                                                                                                     35

Number of institutions communicated with                                                                                    14

Number of individuals communicated with                                                                                     34

Number of other communication parties                                                                                        0

Tip-offs or leakages of substantial confidential information during the communications                                     No




                                                                  14
 China Merchants Port Group Co., Ltd.                                     The Report for the Third Quarter of 2021


(VI) Progress Made on Internal Control


The focuses of risk control for Q3 2021 are as follows:

1. Establishme nt of internal control system

One unit was newly included as one of the ninth batch of units in 2021. As of 30 September 2021, a total of 25

units have been included in the risk control system to evaluate, covering all enterprises controlled by the Company.

Based on the personnel changes of the Company and its subsidiaries, the list of members of the leading group and

working group for risk management and internal control self-assessment was adjusted.

2. Further Improve ment in coverage of internal control evaluation process

In 2021, 22 subsidiaries included in the Company’s internal control system to self-evaluate as the first to eighth

batch of units have completed the sorting out of all 12 business processes so as to make the internal control

evaluation cover the core business of the Company; Ningbo Daxie China Merchants International Container

Terminal Co., Ltd., newly added as one of the ninth batch of subordinate units, is sorting out 7 core processes

(production management, sales and marketing, outsourcing management, contract management, procurement

management, capital management and project management) and preparing the process manual to make the

internal control process compliant.

3. Carrying out the establishment and evaluation of internal control system on a regular basis

As of 30 September 2021, all units have renewed their internal control self-evaluation working papers in

accordance with the annual internal control evaluation plan and changes in business process and carried out the

internal control self-evaluation work on a quarterly basis. The internal control working group of the Company has

reviewed the internal control working papers submitted by each unit and notified the problems existing in the

self-evaluation of each unit.

4. Completing the internal control as planned

The Company has prepared the Report of China Merchants Port Group Co., Ltd. on Internal Control System

Evaluation of 2020. At the same time, it has cooperated with the external internal control audit project team to

complete the internal control audit and obtained the internal control audit report on time. The Company worked

out the “Three-year Coverage” work plan for supervising and inspecting internal control systems for all


                                                          15
 China Merchants Port Group Co., Ltd.                                           The Report for the Third Quarter of 2021



subsidiaries incorporated into the Company’s internal control system and intended to conduct the supervision and

inspection of eight units of them in 2021. As of 30 September 2021, the supervision and inspection on the internal

control system of six subsidiaries have been completed with the internal control evaluation defect lists.

(VII) 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 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 4th 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                            Beginning balance Q1-Q3 Increase   Q1-Q3 Decrease Ending balance

I. Deposits in China Merchants Group Finance Co., Ltd.        156,892.42       781,893.88       847,974.27        90,812.03

II. Loans provided by China Merchants Group Finance
                                                              312,156.42       154,411.13       368,916.34        97,651.21
Co., Ltd.




                                                               16
 China Merchants Port Group Co., Ltd.                                    The Report for the Third Quarter of 2021


IV Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by China Merchants Port Group Co., Ltd.
                                            30 September 2021
                                                                                                            Unit: RMB

                    Item                   30 September 2021                      31 December 2020 (restated)
Current assets:
  Cash and bank balances                                  9,422,998,745.09                          11,918,423,758.71
  Settlement reserve
  Interbank loans granted
  Held-for-trading financial assets                       4,014,175,763.34                             850,165,448.59
  Derivative financial assets
  Notes receivable                                          22,898,302.97                                5,391,994.84
  Accounts receivable                                     2,042,295,859.17                           1,393,349,417.02
  Receivables financing                                    273,181,118.99                              217,449,966.41
  Prepayments                                              100,688,610.61                               51,217,870.43
  Premiums receivable
  Reinsurance receivables
  Receivable reinsurance contract
reserve receivables                                       3,621,063,795.90                           3,561,292,313.98
     Including: Interest receivable
                  Dividend receivable                      372,525,685.67                              258,137,208.69
  Financial assets purchased under
resale agreements                                          225,395,762.09                              214,823,976.30
  Contract assets
  Assets held for sale                                     337,442,757.28                              337,442,757.28
  Non-current assets due within one                         47,819,561.11                               67,692,473.44
yearOther current assets                                   981,302,467.56                              434,074,085.16
Total current assets                                  21,089,262,744.11                             19,051,324,062.16
Non-current assets:
  Loans and advances to customers
  Investments in debt obligations
  Investments in other debt obligations
  Long-term receivables                                   3,526,219,158.58                           3,887,949,993.10
  Long-term equity investments                        68,054,780,857.48                             66,242,411,222.90
  Investments in other equity                              180,977,057.74                              181,467,057.74
instruments financial assets                               814,384,541.48                              910,807,452.56


                                                     17
China Merchants Port Group Co., Ltd.                           The Report for the Third Quarter of 2021


  Investment properties                         5,417,725,647.58                           5,558,755,275.21
  Fixed assets                              30,938,571,995.47                             29,479,755,159.21
  Construction in progress                      3,477,770,660.71                           5,381,430,606.18
  Productive living assets
  Oil and gas assets
  Right-of-use assets                           8,791,549,452.75                           9,087,741,812.94
  Intangible assets                         18,053,369,986.13                             18,772,180,542.10
  Development expenditure                         88,895,127.03                               64,237,735.23
  Goodwill                                      6,587,100,200.23                           6,675,939,930.13
  Long-term prepaid expenses                     891,158,072.07                              874,999,735.91
  Deferred tax assets                            385,940,282.32                              420,857,076.76
  Other non-current assets                      2,228,492,462.97                           2,138,468,683.64
Total non-current assets                   149,436,935,502.54                           149,677,002,283.61
Total assets                               170,526,198,246.65                           168,728,326,345.77
Current liabilities:
  Short-term borrowings                         6,265,806,927.57                          10,483,775,548.93
  Borrowings from the central bank
  Interbank loans obtained
  Held-for-trading financial liabilities
  Derivative financial liabilities
  Notes payable                                    4,272,355.53                                7,081,772.32
  Accounts payable                               696,026,194.96                              607,972,699.59
  Receipts in advance                              9,649,369.15                               39,510,127.90
  Contract liabilities                           222,220,344.65                              157,442,109.67
  Financial assets sold under
repurchase agreementsand interbank
deposits
  Payables for acting trading of
securities for underwriting of
securities benefits payable                      798,093,830.69                              726,897,125.42
  Taxes payable                                 2,586,853,498.95                           2,370,258,689.99
  Other payables                                3,224,425,462.87                           2,481,217,568.40
       Including: Interest payable
                  Dividends payable             1,052,581,499.32                              70,388,849.49
  Handling charges and commissions
payable payables
  Liabilities directly associated with
assets held for sale due within one
                                                8,375,417,937.37                           3,564,587,701.07
year

  Other current liabilities                     3,170,996,675.89                           2,383,668,985.94
Total current liabilities                   25,353,762,597.63                             22,822,412,329.23



                                           18
 China Merchants Port Group Co., Ltd.                             The Report for the Third Quarter of 2021


Non-current liabilities:
   Insurance contract reserve
   Long-term borrowings                           7,381,989,561.96                            7,406,322,693.81
   Bonds payable                              17,295,108,554.84                              21,090,545,845.56
     Including: Preferred shares
                    Perpetual bonds
   Lease liabilities                              1,160,833,898.37                            1,327,850,984.08
   Long-term payables                             1,208,843,008.56                            1,228,461,573.69
   Long-term employee benefits                      483,414,438.19                              507,714,699.46
payable                                             167,434,030.76                              100,406,745.66
   Deferred income                                1,086,564,159.69                            1,113,180,823.99
   Deferred tax liabilities                       4,465,995,190.02                            4,347,553,142.73
   Other non-current liabilities                  2,494,308,561.24                            2,982,220,894.03
Total non-current liabilities                 35,744,491,403.63                              40,104,257,403.01
Total liabilities                             61,098,254,001.26                              62,926,669,732.24
Shareholders' equity:
   Share capital                                  1,922,365,124.00                            1,922,365,124.00
   Other equity instruments
     Including: Preferred shares
                    Perpetual bonds
   Capital reserve                            23,295,617,732.36                              22,839,598,324.56
   Less: Treasury stock
   Other comprehensive income                     -1,076,173,923.64                            -826,697,303.06
   Special reserve                                   16,867,746.91                               10,201,178.30
   Surplus reserves                                 890,690,322.28                              890,690,322.28
   General reserve
   Unappropriated profit                      14,032,426,748.69                              12,329,120,098.70
Total shareholders' equity attributable to
                                              39,081,793,750.60                              37,165,277,744.78
shareholders of the parent
Minority interests                            70,346,150,494.79                              68,636,378,868.75
Total shareholders' equity                   109,427,944,245.39                            105,801,656,613.53
Total liabilities and shareholders' equity   170,526,198,246.65                            168,728,326,345.77
Legal Representative: Wang Xiufeng
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Sun Ligan




                                             19
China Merchants Port Group Co., Ltd.                                           The Report for the Third Quarter of 2021


2. Consolidated income statement for Q1~Q3

                                                                                                                  Unit: RMB
                             Item                                     Q1~Q3 2021                 Q1~Q3 2020 (restated)
1. Operating income                                                       11,387,276,388.20                9,247,217,881.20
  Including: Operating income                                             11,387,276,388.20                9,247,217,881.20
               Interest income
               Premium income
               Handling charge and commission income
2. Costs and expenses                                                      9,131,716,482.40                8,217,625,503.24
  Including: Operating costs                                               6,548,603,891.39                5,713,339,462.97
               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                                         133,990,419.75                   119,699,869.79
               Selling expense
               Administrative expenses                                     1,172,298,701.24                1,133,073,801.82
               Research and development expenses                            144,232,447.88                   111,332,290.36
               Finance expenses                                            1,132,591,022.14                1,140,180,078.30
                 Including: Interest expense                               1,351,792,050.87                1,485,045,813.18
                            Interest income                                  279,112,021.80                  232,187,519.66
  Add: Other income                                                         328,343,162.91                    86,867,728.76
         Investment income (Loss is marked with "-")                       4,736,067,742.42                2,514,918,383.87
             Including: Income from investments in associates
                                                                           4,663,792,324.91                2,360,720,358.35
and joint 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 value (Loss is marked
                                                                            221,721,597.68                  -488,315,935.84
with "-" )
        Gains from impairment of credit (Loss is marked
                                                                              -2,687,424.43                     -861,941.16
with "-" )
        Gains from impairment of assets (Loss is marked
                                                                                       0.00                      947,693.77
with "-" )
        Gains on disposal of assets (Loss is marked with "-" )                 9,352,429.28                  693,724,248.54
3. Operating profit (Loss is marked with "-")                              7,548,357,413.66                3,836,872,555.90
  Add: Non-operating income                                                   33,883,439.32                   36,812,886.60


                                                                 20
China Merchants Port Group Co., Ltd.                                          The Report for the Third Quarter of 2021


  Less: Non-operating expenses                                              18,602,014.05                    31,024,511.92
4. Gross profit (Loss is marked with "-")                                 7,563,638,838.93                3,842,660,930.58
  Less: Income tax expenses                                               1,213,675,997.89                  612,234,821.19
5. Net profit (Loss is marked with "-")                                   6,349,962,841.04                3,230,426,109.39
  5.1 Categorization by continuity of operation
        5.1.1 Net profit from continuing operation (Loss is
                                                                          6,349,962,841.04                3,230,426,109.39
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 owners of the parent             2,433,805,397.11                1,279,869,012.34
        5.2.2 Profit or loss attributable to minority shareholders        3,916,157,443.93                1,950,557,097.05
6. Other comprehensive income, net of tax                                 -814,503,149.36                -1,796,050,700.29
  Other comprehensive income attributable to owners of the
                                                                          -248,982,700.94                  -559,234,512.22
parent, net of tax
  6.1 Other comprehensive income that will not be
                                                                               -574,136.83                   -1,261,655.72
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
                                                                               -206,636.83                   -1,146,755.72
reclassified to profit or loss under the equity method
        6.1.3 Fair value changes of investments in other equity
                                                                               -367,500.00                     -114,900.00
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
                                                                           -248,408,564.11                 -557,972,856.50
subsequently to profit or loss
        6.2.1 Other comprehensive income that can be
                                                                            -22,030,401.63                   31,965,904.16
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
                                                                          -226,378,162.48                  -589,938,760.66
denominated in foreign currencies
        6.2.7 Other
  Other comprehensive income attributable to minority
                                                                          -565,520,448.42                -1,236,816,188.07
interests, net of tax
7. Total comprehensive income attributable to                             5,535,459,691.68                1,434,375,409.10



                                                                     21
China Merchants Port Group Co., Ltd.            The Report for the Third Quarter of 2021


  Shareholders of the parent                2,184,822,696.17                  720,634,500.12
  Minority shareholders                     3,350,636,995.51                  713,740,908.98
8. Earnings per share
  8.1 Basic earnings per share                         1.266                           0.666
  8.2 Diluted earnings per share                       1.266                           0.666




                                       22
China Merchants Port Group Co., Ltd.                                           The Report for the Third Quarter of 2021


3. Consolidated Cash Flow Statement for Q1~Q3

                                                                                                                 Unit: RMB

                                Item                                    Q1~Q3 2021              Q1~Q3 2020 (restated)

1. Cash flows from operating activities:

  Cash receipts from sales of goods and rendering of services             10,888,133,177.65               8,959,720,002.58

  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                                                    98,009,957.10                   15,314,795.60

  Other cash receipts relating to operating activities                      806,276,880.40                 853,770,966.24

Sub-total of cash inflows                                                 11,792,420,015.15               9,828,805,764.42

  Cash payments for goods purchased and services received                  3,059,419,442.45               2,590,413,953.61

  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 employees                              2,364,304,903.63               2,086,495,070.57

  Payments of various types of taxes                                       1,019,507,748.75                790,669,285.29

  Other cash payments relating to operating activities                      589,346,905.48                 615,991,824.16

Sub-total of cash outflows                                                 7,032,579,000.31               6,083,570,133.63

Net Cash Flows from Operating Activities                                   4,759,841,014.84               3,745,235,630.79

2. Cash flows from investing activities:

  Cash receipts from disposals and recovery of investments                 8,880,000,000.00               5,802,647,276.82

  Cash receipts from investments income                                    2,694,402,313.30               1,375,104,379.13
  Net cash receipts from disposal of fixed assets, intangible assets
                                                                             72,796,360.75                 373,091,292.57
and other long-term assets

  Net cash receipts from disposal of subsidiaries and other
operating units


                                                                  23
China Merchants Port Group Co., Ltd.                                         The Report for the Third Quarter of 2021


  Other cash receipts relating to investing activities                    437,177,590.74                 978,146,461.61

Sub-total of cash inflows                                               12,084,376,264.79               8,528,989,410.13

  Cash payments to acquire or construct fixed assets, intangible
                                                                         1,634,283,903.07               1,856,157,208.39
assets and other long-term assets

  Cash payments to acquire investments                                  12,757,321,671.10              10,944,362,282.33

  Net increase in pledged loans granted

  Net cash payments for acquisitions of subsidiaries and other
business units

  Other cash payments relating to investing activities                     16,434,653.35                3,011,289,010.12

Sub-total of cash outflows                                              14,408,040,227.52              15,811,808,500.84

Net cash flows from investing activities                                -2,323,663,962.73              -7,282,819,090.71

3. Cash flows from financing activities:

  Cash receipts from capital contributions                                   1,960,000.00

     Including: Cash receipts from capital contributions from
                                                                             1,960,000.00
Minority shareholder of subsidiary

  Cash receipts from borrowings                                         15,543,148,136.92              23,726,548,723.25

  Other cash receipts relating to financing activities                                                  1,877,099,037.43

Sub-total of cash inflows                                               15,545,108,136.92              25,603,647,760.68

  Cash repayments of borrowings                                         17,826,164,384.14              17,803,978,213.32

  Cash payments for distribution of dividends or profits or
                                                                         2,584,070,937.80               2,537,837,832.05
settlement of interest expenses
     Including: Payments for distribution of dividends or profits to
                                                                          986,496,128.84                  787,156,872.11
Minority shareholder of subsidiary

  Other cash payments relating to financing activities                     13,196,969.01                 757,948,189.24

Sub-total of cash outflows                                              20,423,432,290.95              21,099,764,234.61

Net cash flows from financing activities                                -4,878,324,154.03               4,503,883,526.07

4. Effect of foreign exchange rate changes on cash and cash
                                                                           -74,581,012.67                 -64,516,925.71
equivalents

5. Net increase in cash and cash equivalents                            -2,516,728,114.59                901,783,140.44

  Add: Opening balance of Cash and Cash Equivalents                     11,899,943,358.25               7,787,660,214.80

6. Closing balance of cash and cash equivalents                          9,383,215,243.66               8,689,443,355.24




                                                                   24
China Merchants Port Group Co., Ltd.                                     The Report for the Third Quarter of 2021


(II) Adjustments to the Financial Statements

1. Adjustments to the Financial Statements at the Beginning of the Initial Execution Year of
the New Standards Governing Leases from 2021

□ Applicable √ Not applicable

2. Retrospective Restatement of Previous Comparative Data due to the Initial Execution of
the New Standards Governing Leases from 2021

□ Applicable √ Not applicable

(III) Inde pendent 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.
                                                                                      30 October 2021




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