China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2022-086
CHINA MERCHANTS PORT GROUP CO., LTD.
THE REPORT FOR THE THIRD QUARTER OF 2022
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
Huang Shengchao, 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, China Securities Journal, 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
YoY change
Q3 2022 YoY change (%) Q1-Q3 2022
(%)
Operating revenue
3,971,339,655.24 -1.88% 12,121,802,022.43 6.45%
(RMB)
Net profit
attributable to the 771,042,670.19 1.89% 2,752,903,994.81 13.11%
listed company’s
shareholders
1
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
(RMB)
Net profit
attributable to the
listed company’s
738,503,229.51 25.56% 2,659,052,475.11 19.09%
shareholders before
exceptional gains
and losses (RMB)
Net cash generated
from/used in
— — 5,003,761,178.49 5.12%
operating activities
(RMB)
Basic earnings per
0.31 -20.51% 1.10 -13.39%
share (RMB/share)
Diluted earnings
per share 0.31 -20.51% 1.10 -13.39%
(RMB/share)
Weighted average
1.85% -0.11% 6.72% 0.34%
return on equity (%)
30 September 2022 31 December 2021 Change (%)
Total assets (RMB) 205,158,868,331.23 175,984,101,168.66 16.58%
Equity attributable
to the listed
company’s 52,718,998,235.91 39,801,188,662.13 32.46%
shareholders
(RMB)
The total share capital at the end of the last trading session before the disclosure of this Report:
Total share capital at the end of the last trading
2,499,074,661
session before the disclosure of this Report (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 latest
1.1016
total share capital above (RMB/share)
(II) Exceptional Gains and Losses
Unit: RMB
Item Q3 2022 Q1-Q3 2022 Note
Gain or loss on disposal
of non-current assets
-1,530,213.32 -3,325,158.38 -
(inclusive of impairment
allowance write-offs)
Government subsidies
charged to current profit
or loss (exclusive of 36,442,045.86 109,617,038.38 -
government subsidies
continually given in the
Company’s ordinary
2
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
course of business at
fixed quotas or amounts
as per the government’s
policies and standards)
Capital occupation
charges on non-financial
enterprises that are 59,162,142.71 171,864,101.66 -
charged to current profit
or loss
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 liabilities and -19,540,937.35 -57,567,049.93 -
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 3,794,522.98 -
tested individually for
impairment
Non-operating income
and expense other than 7,418,406.57 7,626,013.38 -
the above
Less: Income tax effects 12,555,869.74 34,492,693.60 -
Non-controlling
interests effects (net of 36,856,134.05 103,665,254.79 -
tax)
Total 32,539,440.68 93,851,519.70 --
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 2022.
(III) Changes in Key Financial Statement Line Items and Their Explanation
Unit: RMB
3
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Balance sheet items 30 September 2022 31 December 2021 Change (%) Explanation of changes
Cash and bank Receipt of funds raised in a
23,991,867,879.47 12,772,349,406.77 87.84%
balances private placement of shares
Held-for-trading Decrease in structured
2,245,554,640.72 6,921,831,502.55 -67.56%
financial assets deposits
Accounts receivable 1,770,433,437.98 1,320,577,577.81 34.07% Increase in revenue
Receipt of rebates of
Other current assets 116,081,853.80 339,684,297.41 -65.83%
overpaid tax
Additional investment in
Other non-current
1,192,716,309.20 809,515,244.87 47.34% Antong Holdings (Stock
financial assets
Code: 600179)
Payment of taxes in the
Taxes payable 1,062,749,684.48 2,162,719,251.68 -50.86%
current period
Other current liabilities 5,160,302,775.35 2,158,497,775.85 139.07% New short-term financing
New long-term borrowings
Long-term borrowings 10,659,339,964.05 7,144,839,870.89 49.19% for supplementing the
working capital
Share capital 2,499,074,661.00 1,922,365,124.00 30.00% Private placement of shares
Capital reserve 34,027,942,352.09 23,592,702,758.70 44.23% Private placement of shares
Income statement
Q1-Q3 2022 Q1-Q3 2021 Change (%) Explanation of changes
items
Exchange losses and
adjustments associated with
Finance expenses 1,912,572,143.42 1,132,591,022.14 68.87%
concession royalties
liabilities
Receipt of government
subsidies for business
Other income 139,351,673.37 328,343,162.91 -57.56%
development in the same
period of last year
Change to the calculation of
concession royalties
liabilities by
Gains from changes in TCP Participaes S.A in
-57,567,049.93 221,721,597.68 -125.96%
fair value the same period of last year,
and the relevant inclusion in
finance expenses in the
current period
4
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
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
Number of preferred
Number of ordinary 31,427 (20,357 A-shareholders,
shareholders with resumed 0
shareholders 11,070 B-shareholders)
voting rights (if any)
Top 10 shareholders
Shares in
Nature of Shareholding Total shares Restricted
Name of shareholder pledge or
shareholder percentage held shares held
frozen
CHINA MERCHANTS PORT
INVESTMENT Foreign legal
59.75% 1,148,648,648 0 0
DEVELOPMENT COMPANY person
LIMITED
CHINA MERCHANTS
GANGTONG State-owned
19.29% 370,878,000 0 0
DEVELOPMENT legal person
(SHENZHEN) CO., LTD.
SHENZHEN
INFRASTRUCTURE
INVESTMENT
Funds, wealth
FUND-SHENZHEN
management 3.37% 64,850,182 0 0
INFRASTRUCTURE
products, etc.
INVESTMENT FUND
PARTNERSHIP (LIMITED
PARTNERSHIP)
CHINA-AFRICA State-owned
3.33% 64,102,564 0 0
DEVELOPMENT FUND legal person
BROADFORD GLOBAL State-owned
2.88% 55,314,208 0 0
LIMITED legal person
HONG KONG SECURITIES Foreign legal
0.29% 5,670,277 0 Unknown
CLEARING COMPANY LTD. person
Domestic
ZHU HUI 0.15% 2,963,303 0 Unknown
natural person
CHINA MERCHANTS Foreign legal
0.13% 2,531,955 0 Unknown
SECURITIES (HK) CO., LTD. person
MONETARY AUTHORITY Foreign legal
0.11% 2,172,637 0 Unknown
OF MACAO-SELF-OWNED person
5
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
FUNDS
Domestic
MAI SHUQING 0.11% 2,129,247 0 Unknown
natural person
Top 10 unrestricted shareholders
Shares by type
Name of shareholder Unrestricted ordinary shares held
Type Shares
CHINA MERCHANTS PORT
INVESTMENT RMB ordinary
1,148,648,648 1,148,648,648
DEVELOPMENT COMPANY share
LIMITED
CHINA MERCHANTS
GANGTONG RMB ordinary
370,878,000 370,878,000
DEVELOPMENT share
(SHENZHEN) CO., LTD.
SHENZHEN
INFRASTRUCTURE
INVESTMENT
FUND-SHENZHEN RMB ordinary
64,850,182 64,850,182
INFRASTRUCTURE share
INVESTMENT FUND
PARTNERSHIP (LIMITED
PARTNERSHIP)
CHINA-AFRICA RMB ordinary
64,102,564 64,102,564
DEVELOPMENT FUND share
Domestically
BROADFORD GLOBAL
55,314,208 listed foreign 55,314,208
LIMITED
share
HONG KONG SECURITIES RMB ordinary
5,670,277 5,670,277
CLEARING COMPANY LTD. share
RMB ordinary
ZHU HUI 2,963,303 2,963,303
share
Domestically
CHINA MERCHANTS
2,531,955 listed foreign 2,531,955
SECURITIES (HK) CO., LTD.
share
MONETARY AUTHORITY
RMB ordinary
OF MACAO-SELF-OWNED 2,172,637 2,172,637
share
FUNDS
RMB ordinary
MAI SHUQING 2,129,247 2,129,247
share
Related or acting-in-concert China Merchants Gangtong Development (Shenzhen) Co., Ltd. is a controlled
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China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
parties among the shareholders subsidiary of Broadford Global Limited, and Broadford Global Limited is the
above controlling shareholder of 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)
Note: China Merchants Investment Development Company Limited (CMID) (Chinese name: 招商局投资发展有限公司) was
renamed China Merchants Port Investment Development Company Limited (CMPID) (Chinese name: 招商局港口投资发展有限公
司) on 8 July 2020.
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) Number 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 6th Extraordinary
Meeting of the Company’s 10th Board of Directors in 2021, and the 3rd Extraordinary Meeting of the Company’s
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
7
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
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.
On 15 October 2021, the Company received the Acceptance Form for Administrative License Application from
the China Securities Regulatory Commission (Acceptance Number: 212745), which tells that the China Securities
Regulatory Commission has examined the application materials submitted by the Company for Approval of
Non-public Offering of Shares by Listed Company (A-Share Main Board of Shanghai Stock Exchange and
Shenzhen Stock Exchange and B Shares) and decided to accept the application for an administrative license.
On 26 October 2021, the Company received the Announcement on Receiving the Notice of Feedback on the
Examination of Administrative License Project (No. 212745) issued by the China Securities Regulatory
Commission (hereinafter referred to as the "Feedback"), which tells that the China Securities Regulatory
Commission has examined the application materials for an administrative license of Approval on Non-Public
Offering of Shares (A-Share Main Board of Shanghai Stock Exchange and Shenzhen Stock Exchange and B
Shares) by Listed Company of China Merchants Port Group Co., Ltd. submitted by the Company, and required the
Company to make written descriptions and explanations on relevant issues, and submit a written reply to the
8
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
administrative license acceptance department of the China Securities Regulatory Commission within 30 days.
On 20 November 2021, the Company and relevant intermediaries carefully checked and implemented the issues
listed in the Feedback In accordance with the requirements of China Securities Regulatory Commission, and
formed the Reply to the Feedback on the Application Document for the 2021 Non-Public Offering of A-Shares of
China Merchants Port Group Co., Ltd. (hereinafter referred to as the "Reply to the Feedback") and disclosed it.
For details, please refer to the Reply to the Feedback on the Application Document for the 2021 Non-Public
Offering of A-Shares of China Merchants Port Group Co., Ltd. published on the same day. The Company has
submitted the Reply to the Feedback and other relevant materials to CSRC within two working days after its
disclosure.
On 5 July 2022, the Company received the Letter on Properly Preparing the Meeting of the Public Offering
Review Committee of the China Securities Regulatory Commission on the Private Placement of China Merchants
Port Group Co., Ltd. (hereinafter referred to as the "Letter") from the China Securities Regulatory Commission
(CSRC). The Company, together with relevant intermediaries, conscientiously verified and addressed the issues
mentioned in the Letter, as required by the CSRC. Upon research, demonstration, and analysis, it replied to the
issues listed. For details, see the Reply to the Letter on Properly Preparing the Meeting of the Public Offering
Review Committee of the China Securities Regulatory Commission on the Private Placement of China Merchants
Port Group Co., Ltd. and the Announcement on the Reply to the Letter on Properly Preparing the Meeting of the
Public Offering Review Committee of the China Securities Regulatory Commission on the Private Placement
(Announcement No.: 2022-059) released by the Company on 14 July 2022.
The Public Offering Review Committee of the CSRC, on 25 July 2022, reviewed the application for the private
placement of A Shares submitted in 2021 by the Company. The application has been approved, according to the
result of the review meeting. For details, see the Announcement on the Approval of the Public Offering Review
Committee of the China Securities Regulatory Commission for the Application for the Private Placement of A
Shares in 2021 (Announcement No.: 2022-061) disclosed by the Company on 26 July 2022.
On 1 August 2022, the Company received the Reply of China Securities Regulatory Commission on the Approval
of the Private Placement of China Merchants Port Group Co., Ltd. (ZJXK [2022] No. 1657) (hereinafter referred
9
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
to as the “Reply”). For details, see the Announcement on the Approval of the China Securities Regulatory
Commission for the Application for the Private Placement of A Shares in 2021 (Announcement No.: 2022-062)
disclosed by the Company on 2 August 2022.
Pursuant to the Reply, the Company issued, in a private placement, a total of 576,709,537 shares of
RMB-denominated ordinary shares (A-shares) at RMB18.50/share, raising a total of RMB10,669,126,434.50,
with the net amount after deducting issuance costs being RMB10,632,533,330.40. Following the arrival of the
aforesaid funds, Deloitte Touche Tohmatsu Certified Public Accountants LLP verified the funds and issued a
Capital Verification Report for China Merchants Port Group Co., Ltd. (DSB (Y) Z (22) No. 00471) on 16
September 2022. To regulate the management of raised funds and protect the interests of minority investors, the
Company opened up a specialized account for raised funds at the Shenzhen branch of China Merchants Bank Co.,
Ltd. (hereinafter referred to as “CMB Shenzhen”). As Part A, the Company, together with CMB Shenzhen (Party
B) and sponsors China International Capital Corporation Limited (Party C) and China Merchants Securities Co.,
Ltd. (Party D), signed the Quadripartite Supervision Agreement on the Funds Raised in the Private Placement of A
Shares of China Merchants Port Group Co., Ltd. For details, see the Report on the Offering Results of the Private
Placement of A Shares and the Announcement on Signing the Quadripartite Supervision Agreement on the Funds
Raised (Announcement No.: 2022-077) disclosed by the Company on 23 September 2022.
On 12 October 2022, the A shares issued in the 2021 private placement were officially listed. For details, see the
Announcement on the Listing of the Privately Placed A Shares and the Summary of the Announcement on the
Listing of the Privately Placed A Shares (Announcement No.: 2022-084) disclosed by the Company on 10 October
2022.
(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:
Announcement No. Date Title
Announcement on 2022 Interest Payment for 2020 Public Offering
2022-058 1 July 2022
of Corporate Bonds (Tranche 1) to Qualified Investors
10
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Announcement on the Reply to the Letter on Properly Preparing the
2022-059 14 July 2022 Meeting of the Public Offering Review Committee of the China
Securities Regulatory Commission on the Private Placement
Announcement on Voluntary Information Disclosure of Business
2022-060 15 July 2022
Volume Data of June 2022
Announcement on the Approval of the Public Offering Review
2022-061 26 July 2022 Committee of the China Securities Regulatory Commission for the
Application for the Private Placement of A Shares in 2021
Announcement on the Approval of the China Securities Regulatory
2022-062 2 August 2022 Commission for the Application for the Private Placement of A
Shares in 2021
Announcement on Voluntary Information Disclosure of Business
2022-063 13 August 2022
Volume Data of July 2022
Reminder on Restricted Shares Issued in the Offering of Shares for
2022-064 16 August 2022 Asset Acquisition and Raising the Matching Funds & the
Related-party Transaction Being Allowed for Public Trading
Announcement on Resolutions of the 6th Meeting of the 10th Board
2022-065 31 August 2022
of Directors
Announcement on Resolutions of the 6th Meeting of the 10th
2022-066 31 August 2022
Supervisory Committee
2022-067 31 August 2022 Interim Report 2022 (Summary) (Chinese and English Versions)
2022-068 31 August 2022 Special Report of the Deposit and Use of Raised Funds for H1 2022
Announcement on the Confirmation of Land Use Rights at the
2022-069 31 August 2022
Chiwan Port & the Related-party Transaction
Announcement on Voluntary Information Disclosure of the Release
2022-070 31 August 2022
of 2022 Interim Results by Majority-owned Subsidiary
2022-071 31 August 2022 Announcement on Online Investor Meeting on 2022 Interim Results
Announcement on Redemption of the 2nd Issue of SCP in 2022
2022-072 1 September 2022
upon Maturity
2022-073 1 September 2022 Reminder on the 5th Issue of SCP in 2022
2022-074 7 September 2022 Announcement on Results of the 5th Issue of SCP in 2022
2022-075 8 September 2022 Notice of the 2nd Extraordinary General Meeting of 2022
Announcement on Voluntary Information Disclosure of Business
2022-076 15 September 2022
Volume Data of August 2022
11
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Announcement on Signing the Quadripartite Supervision Agreement
2022-077 23 September 2022
on the Funds Raised
Announcement on Resolutions of the 2nd Extraordinary General
2022-078 27 September 2022
Meeting of 2022
Announcement on Redemption of the 3rd Issue of SCP in 2022 upon
2022-079 27 September 2022
Maturity
Announcement on the Resolutions of the 7th Extraordinary Meeting
2022-080 30 September 2022
of the 10th Board of Directors in 2022
Announcement on the Resolutions of the 4th Extraordinary Meeting
2022-081 30 September 2022
of the 10th Supervisory Committee in 2022
Announcement on the Appointment of Mr. Liu Bin as Deputy
2022-082 30 September 2022
General Manager
2022-083 30 September 2022 Announcement on Cash Management on Idle Raised Funds
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
Acco
Co Fu
untin Accumula
Vari de Na Gain/loss on nd
g ted fair Acco
ety of me Initial fair value Sold in the Gain/loss in in
meas Beginning value Purchased in the Ending carrying untin
of se of investment cost changes in the Reporting the Reporting g
ureme carrying amount changes Reporting Period amount g
secu cu secu Reporting Period Period so
nt recorded title
rity rit rity Period ur
metho in equity
y ce
d
Othe
r
non- Se
Qin Fair
06 curre lf-
Stoc gda value
19 124,405,138.80 145,443,863.52 -35,769,093.04 - - - 10,432,424.09 122,215,967.85 nt fu
k o metho
8 finan nd
Port d
cial ed
asset
s
Othe
r
non- Se
Qin
60 Fair curre lf-
Stoc gda
12 331,404,250.30 value 637,280,000.00 -24,640,000.00 - - - 28,716,800.00 612,640,000.00 nt fu
k o
98 method finan nd
Port
cial ed
asset
s
12
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Othe
r
equit
Jian Se
Fair y
60 gsu lf-
Stoc value instr
03 Exp 1,120,000.00 8,620,000.00 - 12,041.97 - 8,632,041.97 - - fu
k metho umen
77 ress nd
d t
way ed
inves
tmen
t
Othe
r
equit
Petr Se
y
40 oche Fair lf-
Stoc instr
00 mic 3,500,000.00 value 382,200.00 - - - - - 382,200.00 fu
k umen
32 al method nd
t
A1 ed
inves
tmen
t
Othe
r
equit
Se
Guan Fair y
40 lf-
Stoc g value instr
00 27,500.00 17,000.00 - - - - - 17,000.00 fu
k Jian metho umen
09 nd
1 d t
ed
inves
tmen
t
Held
-for-t
radin
g
finan
cial
Se
Anto asset
60 Fair lf-
Stoc ng s and
01 391,956.73 value 157,196.79 -11,013,742.95 - 442,080,640.00 - - 431,224,093.84 fu
k Hold other
79 method nd
ings non-
ed
curre
nt
finan
cial
asset
s
Total 460,848,845.83 -- 791,900,260.31 -71,422,835.99 12,041.97 442,080,640.00 8,632,041.97 39,149,224.09 1,166,479,261.69 -- --
2. Investments in Derivative Financial Instruments
□ 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
(1) Funds Raised through the Private Placement of Shares in 2019
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
13
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
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 verified
the funds raised in the private placement on 23 October 2019 and issued a Capital Verification Report (XKSBZ
[2019] No. ZI10673).
(2) Funds Raised through the Private Placement of Shares in 2022
Pursuant to the Reply of China Securities Regulatory Commission on the Approval of the Private Placement of
China Merchants Port Group Co., Ltd. (ZJXK [2022] No. 1657) dated 1 August 2022, the Company issued, in a
private placement, a total of 576,709,537 shares of RMB-denominated ordinary shares (A-shares) to specified
investors at a fixed price of RMB18.50/share, raising a total of RMB10,669,126,434.50, with the net amount after
deducting issuance costs of RMB36,593,104.10 (exclusive of value-added tax) being RMB10,632,533,330.40.
Following the arrival of the aforesaid funds at the Company’s specialized account for raised funds (account No.
755901118610707) at the Shenzhen Xinshidai sub-branch of China Merchants Bank Co., Ltd., Deloitte Touche
Tohmatsu Certified Public Accountants LLP verified the funds raised in the private placement on 16 September
2022 and issued a Capital Verification Report (DSB (Y) Z (22) No. 00471).
2. Use and Balances of Raised Funds
(1) Funds Raised through the Private Placement of Shares in 2019
As of 30 September 2022, a total of RMB9,998,803,433.75 of raised funds had 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) RMB1,189,249,238.06 used after the arrival of the raised funds, including an
investment of RMB1,189,249,238.06 in the Haixing Harbor Renovation Project (Phase II) (2019:
RMB324,533,139.29; 2020: RMB424,734,590.46; 2021: RMB262,949,228.42; Q1-Q3 2022:
RMB177,032,279.89); (3) RMB26,831,781.21 for paying issuance costs; (4) RMB7,130,000,000.00 for
14
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
purchasing structured deposits (2019: RMB1,200,000,000.00; 2020: RMB2,650,000,000.00; 2021:
RMB3,280,000,000.00); (5) RMB1,070,000,000.00 for purchasing seven days call deposits (2021:
RMB900,000,000.00; Q1-Q3 2022: RMB170,000,000.00).
As of 30 September 2022, the interest income in the account of raised funds minus service charges stood at
RMB7,286,237.86 (2019: RMB795,775.14; 2020: RMB1,142,652.22; 2021: RMB513,577.57; Q1-Q3 2022:
RMB4,834,232.93). The amount of structured deposits redeemed was RMB7,130,000,000.00 (2019:
RMB100,000,000.00; 2020: RMB2,950,000,000.00; 2021: RMB4,080,000,000.00). The amount of income from
structured deposits was RMB41,738,931.50 (2019: RMB302,465.75; 2020: RMB28,538,767.13; 2021:
RMB12,897,698.62). The amount of seven days call deposits redeemed was RMB920,000,000.00 (2021:
RMB900,000,000.00; Q1-Q3 2022: RMB20,000,000.00). And the amount of income from seven days call
deposits was RMB4,785,085.42 (2021: RMB4,756,502.08; Q1-Q3 2022: RMB28,583.34).
As of 30 September 2022, the balance in the account of raised funds was RMB467,835,942.39. The use and
balance of the raised funds are as follows:
Unit: RMB
Item Amount
Opening balance of raised funds (31 December 2021) 640,005,406.01
Less: raised funds that were directly used for project to be
177,032,279.89
financed by raised funds in Q1-Q3 2022
Add: Income from seven days call deposits in Q1-Q3 2022 28,583.34
Net interest income from raised funds in Q1-Q3 2022 4,834,232.93
Closing balance of raised funds (30 September 2022) 467,835,942.39
(2) Funds Raised through the Private Placement of Shares in 2022
As of 30 September 2022, the balance in the account of raised funds was RMB10,645,496,413.71. The use and
balance of the raised funds in Q1-Q3 2022 are as follows:
Unit: RMB
Item Amount
15
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Initial amount of raised funds 10,669,126,434.50
Less: Sponsor charges paid 27,000,000.00
Add: Net interest income from raised funds in Q3
3,369,979.21
2022
Closing balance of raised funds (30 September 2022) 10,645,496,413.71
3. Funds Raised through Corporate Bonds
(1) 20 CMPort 01
On 7 July 2020, the Company issued RMB2 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 Company’s wholly-owned subsidiary Chiwan Wharf Holdings (Hong Kong) Limited. As of 30 September
2022, the handover of the said equity interests has been completed. The first and second interest payments for the
corporate bonds were made on 8 July 2021 and 8 July 2022, respectively.
(2) 22 CMPort 01
On 29 August 2022, the Company issued RMB3 billion of corporate bonds at the Shenzhen Stock Exchange, with
a coupon rate of 2.69% and a term of three years. The funds raised would be used to acquire A shares issued in the
private placement of Ningbo Zhoushan Port Company Limited in 2021 as a strategic investor. As of 30 September
2022, the subscription of the said equity interests has been completed. These corporate bonds are not due for
interest payment.
(3) 22 CMPort 02
On 5 September 2022, the Company issued RMB3 billion of corporate bonds at the Shenzhen Stock Exchange,
with a coupon rate of 2.45% and a term of two years. The funds raised would be used to acquire A shares issued in
the private placement of Ningbo Zhoushan Port Company Limited in 2021 as a strategic investor. As of 30
September 2022, the subscription of the said equity interests has been completed. These corporate bonds are not
due for interest payment.
16
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
(4) 22 CMPort 03
On 8 September 2022, the Company issued RMB2 billion of corporate bonds at the Shenzhen Stock Exchange,
with a coupon rate of 1.93% and a term of one year (with the issuer’s option to adjust the coupon rate at the 180th
day, the investors’ callable option, and the issuer’s option to redeem). The funds raised would be used to acquire A
shares issued in the private placement of Ningbo Zhoushan Port Company Limited in 2021 as a strategic investor.
As of 30 September 2022, the subscription of the said equity interests has been completed. These corporate bonds
are not due for interest payment.
(V) Communications with the Investment Community such as Researches, Inquiries and
Interviews Received during the Reporting Period
Type
Way of of Index to basic
Date Place commun commu Communication party information of
ication nicatio researches
n party
Qianming Asset Management,
Morning Bell Asset Management,
Banyan Investment, JM Capital,
China
One-on- Zhifu Circle Fund, Junying
Merchants Institut
27 July 2022 one Investment, Huifu Fund, YJ
Port ion
meeting Investment, Jinhuayang Main discussions:
Building
Investment, Jinglai Investment, the basic condition
Huatai Securities, Xinyuan of operations,
Century investments made
Shenwan Hongyuan, Sealand and the financial
Securities, CICC, Guotai Junan, condition of the
China Galaxy Securities, CITIC Company;
Merchants Confere Institut Securities, Haitong Securities, TF Materials provided:
31 August 2022
Port nce call ion Securities, Industrial Securities, None
Building Capital Securities, Essence Index: SZSE
Securities, Greatwall Securities, EasyIR
Guosen H&S, Nanjing Securities (http://irm.cninfo.co
By m.cn/ircs/index)
China phone,
1 July 2022 to 30 Merchants or Individ
-
September 2022 Port written ual
Building inquiry
(the
17
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
EasyIR
platfor
m of
SZSE
or
email)
Times of communications 29
Number of institutions communicated with 26
Number of individuals communicated with 27
Number of other communication parties 0
Tip-offs or leakages of substantial supposedly-confidential information during
No
communications
(VI) Progress Made on Internal Control
The focuses of internal control for Q3 2022 are as follows:
1. Establishment of internal control system
All the controlled entities and corporate entities within the Company have established an internal control system,
and the internal control appraisal was carried out as scheduled. The Company Headquarters and its subordinates
improved their business processes in a timely manner. The Company Headquarters, in particular, formulated four
new business processes in Q3 2022. According to the internal control supervision and examination plan featuring
“full coverage in three years”, the Company completed the internal control supervision and examination on seven
entities, and such supervision and examination on one more entity will be completed by the end of 2022.
2. Comprehensive risk management
Through the annual material risk assessment, specialized monitoring of overseas risk, liquidity risk, credit risk and
alike, as well as follow-up management of issues involving operating risks and other measures, the Company
continued to refine the risk control standards, improved the systems, and normalized closed-loop risk
management.
18
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
(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.
The Company held the 5th Meeting of the 10th Board of Directors and the 2021 Annual General Meeting
respectively on 29 March and 21 April 2022, respectively, reviewing and approving the Proposal on Renewing the
Financial Service Agreement and Related Party Transactions with China Merchants Group Finance Co., Ltd. and
agreeing with the renewal of the Financial Service Agreement, with a term of three years, 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
Beginning Q1-Q3
Item Q1-Q3 Increase Ending balance
balance Decrease
I. Deposits in China Merchants Group Finance
217,830.37 986,068.71 1,125,670.82 78,228.26
Co., Ltd.
19
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
II. Loans provided by China Merchants Group
397,422.90 37,722.09 136,169.97 298,975.02
Finance Co., Ltd.
20
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
30 September 2022
Unit: RMB
Item 30 September 2022 31 December 2021
Current assets:
Cash and bank balances 23,991,867,879.47 12,772,349,406.77
Settlement reserve
Interbank loans granted
Held-for-trading financial assets 2,245,554,640.72 6,921,831,502.55
Derivative financial assets
Notes receivable 6,920,000.00 6,081,611.95
Accounts receivable 1,770,433,437.98 1,320,577,577.81
Receivables financing 192,053,351.46 238,429,402.71
Prepayments 86,127,956.36 51,606,794.20
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables 862,567,552.65 696,276,595.87
Including: Interest receivable
Dividend receivable 305,075,948.96 264,626,493.85
Financial assets purchased under resale
agreements
Inventories 219,495,555.68 194,920,136.12
Contract assets
Assets held for sale 337,442,757.28 337,442,757.28
Non-current assets due within one year 110,686,022.99 102,356,461.97
Other current assets 116,081,853.80 339,684,297.41
Total current assets 29,939,231,008.39 22,981,556,544.64
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
Long-term receivables 6,453,212,465.48 6,162,713,861.02
Long-term equity investments 90,917,964,963.56 70,353,451,824.52
21
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Investments in other equity instruments 171,625,961.43 180,251,798.43
Other non-current financial assets 1,192,716,309.20 809,515,244.87
Investment properties 5,170,447,248.53 5,298,238,414.88
Fixed assets 31,438,104,572.81 31,710,513,230.29
Construction in progress 2,723,049,324.63 2,557,584,953.92
Productive living assets
Oil and gas assets
Right-of-use assets 9,599,213,070.68 8,743,077,542.19
Intangible assets 18,420,181,500.73 18,475,412,380.93
Development expenditure 53,618,526.32 82,391,225.85
Goodwill 6,372,919,884.13 6,024,160,942.07
Long-term prepaid expenses 961,083,913.87 975,994,541.52
Deferred tax assets 367,185,190.51 398,145,710.84
Other non-current assets 1,378,314,390.96 1,231,092,952.69
Total non-current assets 175,219,637,322.84 153,002,544,624.02
Total assets 205,158,868,331.23 175,984,101,168.66
Current liabilities:
Short-term borrowings 15,584,382,919.35 13,651,452,805.36
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 9,089,940.00 1,895,987.17
Accounts payable 703,234,483.11 843,820,438.51
Receipts in advance 16,598,278.72 9,313,166.01
Contract liabilities 158,920,581.64 196,784,525.26
Financial assets sold under repurchase
agreements
Customer deposits and interbank deposits
Payables for acting trading of securities
Payables for underwriting of securities
Employee benefits payable 833,069,708.93 820,416,415.47
Taxes payable 1,062,749,684.48 2,162,719,251.68
Other payables 2,387,363,664.56 2,140,108,341.08
Including: Interest payable
Dividends payable 646,722,145.14 48,803,019.31
Handling charges and commissions
payable
Reinsurance payables
22
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Liabilities directly associated with assets
for sale
heldNon-current liabilities due within one
11,631,962,047.97 8,268,209,284.17
year
Other current liabilities 5,160,302,775.35 2,158,497,775.85
Total current liabilities 37,547,674,084.11 30,253,217,990.56
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 10,659,339,964.05 7,144,839,870.89
Bonds payable 19,256,689,372.91 16,670,872,414.14
Including: Preferred shares
Perpetual bonds
Lease liabilities 1,028,399,565.92 1,055,194,906.09
Long-term payables 3,743,290,303.19 3,422,179,366.40
Long-term employee benefits payable 553,952,696.84 588,681,492.63
Provisions 32,345,087.33 24,247,302.42
Deferred income 1,042,501,430.47 1,075,957,884.91
Deferred tax liabilities 4,766,884,996.30 4,550,417,470.61
Other non-current liabilities 163,947,528.78 163,065,578.53
Total non-current liabilities 41,247,350,945.79 34,695,456,286.62
Total liabilities 78,795,025,029.90 64,948,674,277.18
Shareholders' equity:
Share capital 2,499,074,661.00 1,922,365,124.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 34,027,942,352.09 23,592,702,758.70
Less: Treasury stock
Other comprehensive income -947,633,271.84 -890,125,318.18
Special reserve 38,752,164.77 9,184,429.12
Surplus reserves 961,182,562.00 961,182,562.00
General reserve
Unappropriated profit 16,139,679,767.89 14,205,879,106.49
Total shareholders' equity attributable to 52,718,998,235.91 39,801,188,662.13
shareholders of the parent
Minority interests 73,644,845,065.42 71,234,238,229.35
Total shareholders' equity 126,363,843,301.33 111,035,426,891.48
Total liabilities and shareholders' equity 205,158,868,331.23 175,984,101,168.66
Legal Representative: Wang Xiufeng
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Huang Shengchao
23
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
2. Consolidated income statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Operating income 12,121,802,022.43 11,387,276,388.20
Including: Operating income 12,121,802,022.43 11,387,276,388.20
Interest income
Premium income
Handling charge and commission income
2. Costs and expenses 10,501,686,642.56 9,131,716,482.40
Including: Operating costs 6,972,365,667.76 6,548,603,891.39
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 215,022,537.23 133,990,419.75
Selling expense
Administrative expenses 1,224,631,704.76 1,172,298,701.24
Research and development expenses 177,094,589.39 144,232,447.88
Finance expenses 1,912,572,143.42 1,132,591,022.14
Including: Interest expense 1,677,735,954.67 1,351,792,050.87
Interest income 375,671,992.19 279,112,021.80
Add: Other income 139,351,673.37 328,343,162.91
Investment income (Loss is marked with "-") 6,075,167,195.89 4,736,067,742.42
Including: Income from investments in
5,900,543,166.75 4,663,792,324.91
associates 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
-57,567,049.93 221,721,597.68
with "-" )
Gains from impairment of credit (Loss is marked
3,855,115.26 -2,687,424.43
with "-" )
Gains from impairment of assets (Loss is marked
0.00
with "-" )
Gains on disposal of assets (Loss is marked with
-196,629.44 9,352,429.28
"-" )
3. Operating profit (Loss is marked with "-") 7,780,725,685.02 7,548,357,413.66
Add: Non-operating income 29,644,821.47 33,883,439.32
24
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Less: Non-operating expenses 24,039,852.97 18,602,014.05
4. Gross profit (Loss is marked with "-") 7,786,330,653.52 7,563,638,838.93
Less: Income tax expenses 951,924,182.81 1,213,675,997.89
5. Net profit (Loss is marked with "-") 6,834,406,470.71 6,349,962,841.04
5.1 Categorization by continuity of operation
5.1.1 Net profit from continuing operation (Loss is
6,834,406,470.71 6,349,962,841.04
marked with "-")
5.1.2 Net profit from discontinued operation (Loss
is marked with "-")
5.2 Categorization by attribution of ownership
5.2.1 Net profit attributable to shareholders of the
2,752,903,994.81 2,433,805,397.11
parent (Loss is marked with "-")
5.2.2 Profit or loss attributable to minority
4,081,502,475.90 3,916,157,443.93
shareholders (Loss is marked with "-")
6. Other comprehensive income, net of tax 992,669,178.02 -814,503,149.36
Other comprehensive income attributable to owners of
-49,994,283.75 -248,982,700.94
the parent, net of tax
6.1 Other comprehensive income that will not be
-119,262,338.99 -574,136.83
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
reclassified to profit or loss under the equity method
6.1.3 Fair value changes of investments in other
1,888,669.91 -367,500.00
equity instruments
6.1.4 Changes in the fair value of the company’s
credit risks
6.1.5 Other
6.2 Other comprehensive income that will be
69,268,055.24 -248,408,564.11
reclassified subsequently to profit or loss
6.2.1 Other comprehensive income that can be
-91,700,081.95 -22,030,401.63
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
160,968,137.19 -226,378,162.48
denominated in foreign currencies
6.2.7 Other
Other comprehensive income attributable to minority
1,042,663,461.77 -565,520,448.42
interests, net of tax
7. Total comprehensive income attributable to 7,827,075,648.73 5,535,459,691.68
7.1 Shareholders of the parent 2,702,909,711.06 2,184,822,696.17
25
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
7.2 Minority shareholders 5,124,165,937.67 3,350,636,995.51
8. Earnings per share
8.1 Basic earnings per share 1.10 1.27
8.2 Diluted earnings per share 1.10 1.27
26
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Cash flows from operating activities:
Cash receipts from sales of goods and rendering of services 11,918,924,038.43 10,888,133,177.65
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 237,739,341.38 98,009,957.10
Other cash receipts relating to operating activities 706,599,949.53 806,276,880.40
Sub-total of cash inflows 12,863,263,329.34 11,792,420,015.15
Cash payments for goods purchased and services received 3,333,947,104.49 3,059,419,442.45
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 2,683,236,462.66 2,364,304,903.63
Payments of various types of taxes 1,179,812,552.06 1,019,507,748.75
Other cash payments relating to operating activities 662,506,031.64 589,346,905.48
Sub-total of cash outflows 7,859,502,150.85 7,032,579,000.31
Net Cash Flows from Operating Activities 5,003,761,178.49 4,759,841,014.84
2. Cash flows from investing activities:
Cash receipts from disposals and recovery of investments 33,052,462,359.27 8,880,000,000.00
Cash receipts from investments income 2,220,592,849.82 2,694,402,313.30
27
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
Net cash receipts from disposal of fixed assets, intangible
2,987,135.59 72,796,360.75
assets and other long-term assets
Net cash receipts from disposal of subsidiaries and other
operating units
Other cash receipts relating to investing activities 224,624,056.64 437,177,590.74
Sub-total of cash inflows 35,500,666,401.32 12,084,376,264.79
Cash payments to acquire or construct fixed assets, intangible
1,390,346,878.35 1,634,283,903.07
assets and other long-term assets
Cash payments to acquire investments 45,313,874,275.47 12,757,321,671.10
Net increase in pledged loans granted
Net cash payments for acquisitions of subsidiaries and other
business units
Other cash payments relating to investing activities 974,451,295.13 16,434,653.35
Sub-total of cash outflows 47,678,672,448.95 14,408,040,227.52
Net cash flows from investing activities -12,178,006,047.63 -2,323,663,962.73
3. Cash flows from financing activities:
Cash receipts from capital contributions 10,642,126,434.50 1,960,000.00
Including: Cash receipts from capital contributions from
1,960,000.00
Minority shareholder of subsidiary
Cash receipts from borrowings 44,074,925,890.91 15,543,148,136.92
Other cash receipts relating to financing activities 54,113,606.01
Sub-total of cash inflows 54,771,165,931.42 15,545,108,136.92
Cash repayments of borrowings 32,348,032,159.80 17,826,164,384.14
Cash payments for distribution of dividends or profits or
3,798,772,522.27 2,584,070,937.80
settlement of interest expenses
Including: Payments for distribution of dividends or profits to
1,455,751,857.63 986,496,128.84
Minority shareholder of subsidiary
Other cash payments relating to financing activities 694,660,848.06 13,196,969.01
Sub-total of cash outflows 36,841,465,530.13 20,423,432,290.95
Net cash flows from financing activities 17,929,700,401.29 -4,878,324,154.03
4. Effect of foreign exchange rate changes on cash and cash
465,277,859.93 -74,581,012.67
equivalents
5. Net increase in cash and cash equivalents 11,220,733,392.08 -2,516,728,114.59
Add: Opening balance of Cash and Cash Equivalents 12,727,388,787.69 11,899,943,358.25
6. Closing balance of cash and cash equivalents 23,948,122,179.77 9,383,215,243.66
28
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2022
(II) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
China Merchants Port Group Co., Ltd.
The Board of Directors
29 October 2022
29
