China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2023-081
CHINA MERCHANTS PORT GROUP CO., LTD.
THE REPORT FOR THE THIRD QUARTER OF 2023
China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) and all the
members of the Company’s Board of Directors hereby guarantee that the contents of this Report
are factual, accurate and complete and free of any misrepresentations, misleading statements or
material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and
senior management of the Company hereby guarantee the factuality, accuracy and completeness of the contents of
this Report, and shall be jointly and severally liable for any misrepresentations, misleading statements or material
omissions therein.
2. Xu Song, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer, and Hu
Shaode, 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
Reason for retrospective restatements: Change to accounting policies
The Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for Business Enterprises (C.K.
[2022] No. 31) on 30 November 2022, which stipulates that the “accounting treatments for deferred income taxes
associated with assets and liabilities arising from a single transaction to which the initial recognition exemption
does not apply” shall take effect since 1 January 2023. In accordance with the aforesaid standard and regulations
of the Ministry of Finance, the Company has adopted Interpretation No. 16 for the Accounting Standards for
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Business Enterprises since 1 January 2023.
YoY YoY
Q3 2022 change Q1-Q3 2022 change
Q3 2023 Q1-Q3 2023
(%) (%)
Before Restated Restated Before Restated Restated
Operating
revenue 3,960,045,863.71 3,971,339,655.24 3,971,339,655.24 -0.28% 11,755,307,434.70 12,121,802,022.43 12,121,802,022.43 -3.02%
(RM B)
Net profit
attributable
to the listed
1,246,983,201.06 771,042,670.19 765,278,732.39 62.94% 3,149,317,960.49 2,752,903,994.81 2,753,839,690.22 14.36%
company’s
shareholders
(RM B)
Net profit
attributable
to the listed
company’s
shareholders
1,201,169,655.63 738,503,229.51 732,739,291.71 63.93% 3,002,563,028.78 2,659,052,475.11 2,659,988,170.52 12.88%
before
exceptional
gains and
losses
(RM B)
Net cash
generated
from
— — — — 3,889,840,857.63 5,003,761,178.49 5,003,761,178.49 -22.26%
operating
activities
(RM B)
Basic
earnings per
0.50 0.31 0.31 61.29% 1.26 1.10 1.10 14.55%
share
(RM B/share)
Diluted
earnings per
0.50 0.31 0.31 61.29% 1.26 1.10 1.10 14.55%
share
(RM B/share)
Weighted
average
2.18% 1.85% 1.84% 0.34% 5.64% 6.72% 6.71% -1.07%
return on
equity (%)
31 December 2022 Change (%)
30 September 2023
Before Restated Restated
Total assets
199,187,448,792.81 197,525,530,887.76 197,587,102,447.31 0.81%
(RM B)
Equity
attributable
to the listed 58,182,989,856.74 54,267,143,304.02 54,291,425,886.65 7.17%
company’s
shareholders
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
(RM B)
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
1.2602
total share capital above (RMB/share)
(II) Exceptional Gains and Losses
Unit: RM B
Item Q3 2023 Q1-Q3 2023 Note
Gain or loss on disposal
of non-current assets
953,166.56 -5,745,491.27 -
(inclusive of impairment
allowance write-offs)
Government subsidies
charged to current profit
or loss (exclusive of
government subsidies
continually given in the
127,549,332.32 174,188,829.81 -
Company’s ordinary
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 61,492,100.83 175,464,443.59 -
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 -76,285,744.46 66,751,559.22 -
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 650,755.83 3,022,646.38 -
for receivables which are
tested individually for
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
impairment
Non-operating income
and expense other than -13,668,762.93 19,835,260.65 -
the above
Less: Income tax effects 15,449,184.55 80,525,241.38 -
Non-controlling
interests effects (net of 39,428,118.17 206,237,075.29 -
tax)
Total 45,813,545.43 146,754,931.71 --
Other items that meet the definition of exceptional gain/loss:
□ Applicable √ Not applicable
No such cases.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases.
(III) Changes in Key Financial Statement Line Items and Their Explanation
Unit: RMB
Change
Balance sheet items 30 September 2023 1 January 2023 Explanation of changes
(%)
Held-for-trading financial Mainly due to increased
5,607,462,945.21 2,998,781,599.63 86.99%
assets structured deposits
Mainly due to increased bank
Notes receivable 268,022,727.81 36,395,000.00 636.43%
acceptance notes
Mainly due to impacts of the
Accounts receivable 2,263,629,022.70 1,276,149,689.44 77.38%
payment collection periods
Mainly due to impacts of
discounted bank acceptance
Receivables financing - 163,766,913.10 -100.00%
notes and payment collection
upon maturity
Mainly due to decreased
Non-current assets due
14,145,401.03 902,225,293.93 -98.43% long-term receivables due
within one year
within one year
Mainly due to recovery of
Long-term receivables 3,795,517,028.21 5,661,327,499.07 -32.96% shareholder loan from
associate
Other non-current financial Mainly due to impacts of the
884,234,000.66 1,745,740,896.41 -49.35%
assets shift of the interest in Antong
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Holdings to the equity method
for measurement
Mainly due to increased
Short-term borrowings 11,501,292,731.65 7,164,338,366.18 60.54%
borrowings
Mainly due to impacts of the
Accounts payable 511,030,253.93 811,149,397.66 -37.00%
settlement of current payables
Mainly due to decreased
Non-current liabilities due
7,628,993,359.98 11,641,223,688.95 -34.47% borrowings due within one
within one year
year
Mainly due to increased
Long-term borrowings 16,522,302,754.07 12,390,099,177.85 33.35%
long-term borrowings
Change
Income statement items Q1-Q3 2023 Q1-Q3 2022 Explanation of changes
(%)
Mainly due to receipt of
Other income 198,189,876.87 139,351,673.37 42.22% container throughput subsidy
by subsidiary
Mainly due to increased gains
Gains from changes in fair from changes in the fair value
66,751,559.22 -57,567,049.93 215.95%
value of held-for-trading financial
assets
Change
Cash flow statement items Q1-Q3 2023 Q1-Q3 2022 Explanation of changes
(%)
Mainly due to decreased
Receipts of tax refunds 53,168,698.78 237,739,341.38 -77.64%
receipts of tax refunds
Cash receipts from Mainly due to decreased
disposals and recovery of 19,747,976,106.55 33,052,462,359.27 -40.25% principals of structured
investments deposits that were received
Other cash receipts relating Mainly due to recovery of
3,174,261,589.34 224,624,056.64 1313.14%
to investing activities shareholder loan
Mainly due to decreased
Cash payments to acquire
22,362,654,969.50 45,313,874,275.47 -50.65% principals of structured
investments
deposits that were purchased
Tax was paid on land
Other cash payments preparation income in the
relating to investing 8,285,621.75 974,451,295.13 -99.15% same period of last year, with
activities no such payment in the
current period
Mainly due to decreased
Cash receipts from
24,267,718,711.38 44,074,925,890.91 -44.94% super-short-term commercial
borrowings
papers that were issued
Other cash payments Payment was made for the
951,492,124.48 694,660,848.06 36.97%
relating to financing acquisition of minority
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
activities interests in subsidiary in the
current period
II Shareholder Information
(I) Numbe rs of Ordinary Shareholders and Preferred Shareholde rs with Resumed Voting
Rights as well as Holdings of Top 10 Shareholders
Unit: share
29,741 (18,667 Number of preferred
Number of ordinary shareholders A-shareholders, 11,074 shareholders with resumed 0
B-shareholders) voting rights (if any)
Top 10 shareholders
Sharehold
Shares in
Nature of ing Total shares Restricted
Name of shareholder pledge or
shareholder percentag held shares held
frozen
e
CHINA MERCHANTS PORT
Foreign legal
INVESTMENT DEVELOPMENT 45.96% 1,148,648,648 0 0
person
COMPANY LIMITED
ZHEJIANG PROVINCIAL SEAPORT
State-owned
INVESTMENT & OPERATION 23.08% 576,709,537 576,709,537 0
legal person
GROUP CO., LTD.
CHINA MERCHANTS GANGTONG
State-owned
DEVELOPMENT (SHENZHEN) CO., 14.84% 370,878,000 0 0
legal person
LTD.
SHENZHEN INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN Funds, wealth
INFRASTRUCTURE INVESTMENT management 2.59% 64,850,182 0 0
FUND PARTNERSHIP (LIMITED products, etc.
PARTNERSHIP)
State-owned
BROADFORD GLOBAL LIMITED 2.21% 55,314,208 0 0
legal person
CHINA-AFRICA DEVELOPMENT State-owned
1.69% 42,190,151 0 0
FUND legal person
HONG KONG SECURITIES Foreign legal
0.25% 6,141,101 0 Unknown
CLEARING COMPANY LTD. person
CHINA LIFE INSURANCE
Funds, wealth
COMPANY LIMITED-TRADITION-
management 0.20% 5,034,022 0 Unknown
GENERAL INSURANCE
products, etc.
PRODUCTS-005L- CT001 HU
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Funds, wealth
BASIC ENDOWMENT INSURANCE
management 0.12% 3,095,800 0 Unknown
FUND 1006 PORTFOLIO
products, etc.
CHINA MERCHANTS SECURITIES Foreign legal
0.11% 2,669,975 0 Unknown
(HK) CO., LTD. person
Top 10 unrestricted shareholders
Shares by type
Name of shareholder Unrestricted ordinary shares held
Type Shares
CHINA MERCHANTS PORT
RMB ordinary
INVESTMENT DEVELOPMENT 1,148,648,648 1,148,648,648
share
COMPANY LIMITED
CHINA MERCHANTS GANGTONG
RMB ordinary
DEVELOPMENT (SHENZHEN) CO., 370,878,000 370,878,000
share
LTD.
SHENZHEN INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN
RMB ordinary
INFRASTRUCTURE INVESTMENT 64,850,182 64,850,182
share
FUND PARTNERSHIP (LIMITED
PARTNERSHIP)
Domestically
BROADFORD GLOBAL LIMITED 55,314,208 listed foreign 55,314,208
share
CHINA-AFRICA DEVELOPMENT RMB ordinary
42,190,151 42,190,151
FUND share
HONG KONG SECURITIES RMB ordinary
6,141,101 6,141,101
CLEARING COMPANY LTD. share
CHINA LIFE INSURANCE
COMPANY LIMITED-TRADITION- RMB ordinary
5,034,022 5,034,022
GENERAL INSURANCE share
PRODUCTS-005L- CT001 HU
BASIC ENDOWMENT INSURANCE RMB ordinary
3,095,800 3,095,800
FUND 1006 PORTFOLIO share
Domestically
CHINA MERCHANTS SECURITIES
2,669,975 listed foreign 2,669,975
(HK) CO., LTD.
share
RMB ordinary
MAI SHUQING 2,119,047 2,119,047
share
Broadford Global Limited is the controlling shareholder of China
Related or acting-in-concert parties
Merchants Port Investment Development Company Limited and China
among the shareholders above
Merchants Gangtong Development (Shenzhen) Co., Ltd. The Company
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
does not know whether the other unrestricted shareholders are related
parties or not.
At the end of the Reporting Period, the shareholder of the Company,
Top 10 shareholders engaged in Mai Shuqing held 2,119,047 shares through the customer credit
securities margin trading (if any) transaction secured securities account in China Merchants Securities
Co., Ltd.
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
□ Applicable √ Not applicable
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
30 September 2023
Unit: RM B
Item 30 September 2023 1 January 2023
Current assets:
Cash and bank balances 14,421,004,936.77 13,615,928,739.40
Settlement reserve
Interbank loans granted
Held-for-trading financial assets 5,607,462,945.21 2,998,781,599.63
Derivative financial assets
Notes receivable 268,022,727.81 36,395,000.00
Accounts receivable 2,263,629,022.70 1,276,149,689.44
Receivables financing 163,766,913.10
Prepayments 68,184,872.66 63,627,425.42
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 1,069,054,613.42 948,842,094.30
Including: Interest receivable
Dividend receivable 397,545,783.05 416,040,485.62
Financial assets purchased under
resale agreements
Inventories 221,293,573.08 225,122,821.48
Contract assets
Assets held for sale 225,218,577.31
Non-current assets due within one year 14,145,401.03 902,225,293.93
Other current assets 148,105,914.11 185,903,140.53
Total current assets 24,306,122,584.10 20,416,742,717.23
Non-current assets:
Loans and advances to customers
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Investments in debt obligations
Investments in other debt obligations
Long-term receivables 3,795,517,028.21 5,661,327,499.07
Long-term equity investments 96,401,622,855.28 92,364,293,919.05
Investments in other equity
154,256,180.28 171,945,275.02
instruments
Other non-current financial assets 884,234,000.66 1,745,740,896.41
Investment properties 5,003,467,169.30 5,123,690,119.56
Fixed assets 29,016,986,190.94 32,033,326,083.50
Construction in progress 2,554,235,735.06 2,413,844,407.64
Productive living assets
Oil and gas assets
Right-of-use assets 9,679,420,976.99 9,342,642,222.33
Intangible assets 18,224,912,796.87 19,277,065,115.61
Development expenditure 42,696,979.13 17,412,196.16
Goodwill 6,492,536,457.53 6,411,426,891.09
Long-term prepaid expenses 986,783,450.71 986,356,904.90
Deferred tax assets 431,044,017.37 434,498,820.95
Other non-current assets 1,213,612,370.38 1,186,789,378.79
Total non-current assets 174,881,326,208.71 177,170,359,730.08
Total assets 199,187,448,792.81 197,587,102,447.31
Current liabilities:
Short-term borrowings 11,501,292,731.65 7,164,338,366.18
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 65,626,934.99
Accounts payable 511,030,253.93 811,149,397.66
Receipts in advance 41,515,676.47 9,886,531.59
Contract liabilities 157,513,879.74 141,899,551.03
Financial assets sold under repurchase
agreements
Customer deposits and interbank
deposits
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Payables for acting trading of
securities
Payables for underwriting of securities
Employee benefits payable 814,586,955.69 936,834,718.13
Taxes payable 1,038,337,112.17 917,933,169.09
Other payables 2,078,957,201.71 1,755,885,258.26
Including: Interest payable
Dividends payable 527,975,180.07 92,374,921.29
Handling charges and commissions
payable
Reinsurance payables
Liabilities directly associated with
87,061,233.59
assets held for sale
Non-current liabilities due within one
7,628,993,359.98 11,641,223,688.95
year
Other current liabilities 2,413,410,616.82 3,161,147,525.96
Total current liabilities 26,338,325,956.74 26,540,298,206.85
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 16,522,302,754.07 12,390,099,177.85
Bonds payable 14,428,631,877.09 19,088,293,099.02
Including: Preferred shares
Perpetual bonds
Lease liabilities 1,128,191,211.64 948,350,914.04
Long-term payables 3,832,887,208.34 3,551,315,590.31
Long-term employee benefits payable 613,635,105.00 639,095,931.43
Provisions 48,292,293.16 35,365,156.43
Deferred income 1,025,541,910.14 1,031,273,189.74
Deferred tax liabilities 4,585,085,276.20 4,855,019,835.33
Other non-current liabilities 158,828,076.59 186,383,117.00
Total non-current liabilities 42,343,395,712.23 42,725,196,011.15
Total liabilities 68,681,721,668.97 69,265,494,218.00
Shareholders' equity:
Share capital 2,499,074,661.00 2,499,074,661.00
Other equity instruments
Including: Preferred shares
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Perpetual bonds
Capital reserve 36,384,013,255.83 34,751,640,835.25
Less: Treasury stock
Other comprehensive income -476,340,456.18 -689,553,619.86
Special reserve 47,602,282.76 26,358,259.97
Surplus reserves 1,001,917,449.15 1,001,917,449.15
General reserve
Unappropriated profit 18,726,722,664.18 16,701,988,301.14
Total shareholders' equity attributable to
58,182,989,856.74 54,291,425,886.65
shareholders of the parent
M inority interests 72,322,737,267.10 74,030,182,342.66
Total shareholders' equity 130,505,727,123.84 128,321,608,229.31
Total liabilities and shareholders' equity 199,187,448,792.81 197,587,102,447.31
Legal Representative: Xu Song
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Hu Shaode
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
2. Consolidated income statement for Q1~Q3
Unit: RM B
Item Q1~Q3 2023 Q1~Q3 2022
1. Operating income 11,755,307,434.70 12,121,802,022.43
Including: Operating income 11,755,307,434.70 12,121,802,022.43
Interest income
Premium income
Handling charge and
commission income
2. Costs and expenses 9,779,572,277.81 10,501,686,642.56
Including: Operating costs 6,791,358,487.08 6,972,365,667.76
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 220,492,182.67 215,022,537.23
Selling expense
Administrative expenses 1,216,242,310.86 1,224,631,704.76
Research and
159,294,326.98 177,094,589.39
development expenses
Finance expenses 1,392,184,970.22 1,912,572,143.42
Including: Interest
1,656,923,837.50 1,677,735,954.67
expense
Interest
395,605,388.12 375,671,992.19
income
Add: Other income 198,189,876.87 139,351,673.37
Investment income (Loss is
5,271,674,585.50 6,075,167,195.89
marked with "-")
Including: Income from
investments in associates and joint 4,954,944,249.39 5,900,543,166.75
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 66,751,559.22 -57,567,049.93
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
(Loss is marked with "-" )
Gains from impairment of credit
-11,125,698.90 3,855,115.26
(Loss is marked with "-" )
Gains from impairment of assets
66,220.01
(Loss is marked with "-" )
Gains on disposal of assets (Loss
1,458,860.96 -196,629.44
is marked with "-" )
3. Operating profit (Loss is marked with
7,502,750,560.55 7,780,725,685.02
"-")
Add: Non-operating income 37,564,635.49 29,644,821.47
Less: Non-operating expenses 24,929,758.81 24,039,852.97
4. Gross profit (Loss is marked with "-") 7,515,385,437.23 7,786,330,653.52
Less: Income tax expenses 990,357,417.02 951,759,180.86
5. Net profit (Loss is marked with "-") 6,525,028,020.21 6,834,571,472.66
5.1 Categorization by continuity of
operation
5.1.1 Net profit from continuing
6,525,028,020.21 6,834,571,472.66
operation (Loss is marked with "-")
5.1.2 Net profit from discontinued
operation (Loss is marked with "-")
5.2 Categorization by attribution of
ownership
5.2.1 Net profit attributable to
shareholders of the parent (Loss is 3,149,317,960.49 2,753,839,690.22
marked with "-")
5.2.2 Profit or loss attributable to
minority shareholders (Loss is marked 3,375,710,059.72 4,080,731,782.44
with "-")
6. Other comprehensive income, net of
1,031,033,373.40 996,497,976.79
tax
Other comprehensive income
attributable to owners of the parent, net 213,213,163.68 -48,507,312.31
of tax
6.1 Other comprehensive income that
29,979,003.92 -119,262,338.99
will not be reclassified to profit or loss
6.1.1 Changes from remeasurement
of the defined benefit plan
6.1.2 Other comprehensive income
that cannot be reclassified to profit or 29,979,003.92 -121,151,008.90
loss under the equity method
6.1.3 Fair value changes of
1,888,669.91
investments in other equity instruments
6.1.4 Changes in the fair value of
the company’s credit risks
6.1.5 Other
6.2 Other comprehensive income that
will be reclassified subsequently to profit 183,234,159.76 70,755,026.68
or loss
6.2.1 Other comprehensive income 22,000,108.95 -91,700,081.95
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
that can be reclassified to profit or loss
under the equity method
6.2.2 Changes in the fair value of
investments in other debt obligations
6.2.3 Other comprehensive income
arising from the reclassification of
financial assets
6.2.4 Allowance for credit
impairments in investments in other debt
obligations
6.2.5 Reserve for cash flow hedges
6.2.6 Translation differences of
financial statements denominated in 161,234,050.81 162,455,108.63
foreign currencies
6.2.7 Other
Other comprehensive income
attributable to minority interests, net of 817,820,209.72 1,045,005,289.10
tax
7. Total comprehensive income
7,556,061,393.61 7,831,069,449.45
attributable to
7.1 Shareholders of the parent 3,362,531,124.17 2,705,332,377.91
7.2 M inority shareholders 4,193,530,269.44 5,125,737,071.54
8. Earnings per share
8.1 Basic earnings per share 1.26 1.10
8.2 Diluted earnings per share 1.26 1.10
15
China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RM B
Item Q1~Q3 2023 Q1~Q3 2022
1. Cash flows from operating activities:
Cash receipts from sales of goods and
10,821,599,360.59 11,918,924,038.43
rendering of services
Net increase in customer deposits and
interbank deposits
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, handling charges and
commissions received
Net increase in interbank loans
obtained
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Receipts of tax refunds 53,168,698.78 237,739,341.38
Other cash receipts relating to
671,156,772.71 706,599,949.53
operating activities
Sub-total of cash inflows 11,545,924,832.08 12,863,263,329.34
Cash payments for goods purchased
3,360,018,179.32 3,333,947,104.49
and services received
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and in interbank loans granted
Payments for claims on original
insurance contracts
Net increase in interbank loans granted
Interest, handling charges and
commissions paid
Policy dividends paid
Cash payments to and on behalf of
2,747,791,602.38 2,683,236,462.66
employees
Payments of various types of taxes 954,791,671.16 1,179,812,552.06
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Other cash payments relating to
593,482,521.59 662,506,031.64
operating activities
Sub-total of cash outflows 7,656,083,974.45 7,859,502,150.85
Net Cash Flows from Operating
3,889,840,857.63 5,003,761,178.49
Activities
2. Cash flows from investing activities:
Cash receipts from disposals and
19,747,976,106.55 33,052,462,359.27
recovery of investments
Cash receipts from investments
2,081,095,815.22 2,220,592,849.82
income
Net cash receipts from disposal of
fixed assets, intangible assets and other 32,566,951.11 2,987,135.59
long-term assets
Net cash receipts from disposal of
1,641,426,285.25
subsidiaries and other operating units
Other cash receipts relating to
3,174,261,589.34 224,624,056.64
investing activities
Sub-total of cash inflows 26,677,326,747.47 35,500,666,401.32
Cash payments to acquire or construct
fixed assets, intangible assets and other 977,977,871.68 1,390,346,878.35
long-term assets
Cash payments to acquire investments 22,362,654,969.50 45,313,874,275.47
Net increase in pledged loans granted
Net cash payments for acquisitions of
subsidiaries and other business units
Other cash payments relating to
8,285,621.75 974,451,295.13
investing activities
Sub-total of cash outflows 23,348,918,462.93 47,678,672,448.95
Net cash flows from investing activities 3,328,408,284.54 -12,178,006,047.63
3. Cash flows from financing activities:
Cash receipts from capital
170,298,000.00 10,642,126,434.50
contributions
Including: Cash receipts from capital
contributions from M inority shareholder 170,298,000.00
of subsidiary
Cash receipts from borrowings 24,267,718,711.38 44,074,925,890.91
Other cash receipts relating to
332,582,769.65 54,113,606.01
financing activities
Sub-total of cash inflows 24,770,599,481.03 54,771,165,931.42
Cash repayments of borrowings 25,878,888,874.93 32,348,032,159.80
Cash payments for distribution of
dividends or profits or settlement of 4,402,919,196.68 3,798,772,522.27
interest expenses
Including: Payments for distribution of 1,586,884,169.37 1,455,751,857.63
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
dividends or profits to M inority
shareholder of subsidiary
Other cash payments relating to
951,492,124.48 694,660,848.06
financing activities
Sub-total of cash outflows 31,233,300,196.09 36,841,465,530.13
Net cash flows from financing activities -6,462,700,715.06 17,929,700,401.29
4. Effect of foreign exchange rate
212,426,953.27 465,277,859.93
changes on cash and cash equivalents
5. Net increase in cash and cash
967,975,380.38 11,220,733,392.08
equivalents
Add: Opening balance of Cash and
13,567,309,471.62 12,727,388,787.69
Cash Equivalents
6. Closing balance of cash and cash
14,535,284,852.00 23,948,122,179.77
equivalents
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First
Implementation of the New Accounting Standards Implemented since 2023
Adjustment:
The Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for Business Enterprises (C.K.
[2022] No. 31) on 30 November 2022, which stipulates that the “accounting treatments for deferred income taxes
associated with assets and liabilities arising from a single transaction to which the initial recognition exemption
does not apply” shall take effect since 1 January 2023. In accordance with the aforesaid standard and regulations
of the Ministry of Finance, the Company has adopted Interpretation No. 16 for the Accounting Standards for
Business Enterprises since 1 January 2023. The effects on the financial statements of 2022 are as follows:
Unit: RM B
Item 1 January 2022 Adjusted 1 January 2022
Assets:
Deferred tax assets 398,145,710.84 56,499,013.55 454,644,724.39
Liabilities:
Deferred tax liabilities 4,550,417,470.61 2,001,049.09 4,552,418,519.70
Shareholders' equity:
Unappropriated profit 14,205,879,106.49 21,052,360.17 14,226,931,466.66
Minority interests 71,234,238,229.35 33,445,604.29 71,267,683,833.64
Item 31 December 2022 Adjusted 31 December 2022
Assets:
Deferred tax assets 372,927,261.40 61,571,559.55 434,498,820.95
Liabilities:
Deferred tax liabilities 4,853,271,307.86 1,748,527.47 4,855,019,835.33
Shareholders' equity:
Other comprehensive income -691,536,248.44 1,982,628.58 -689,553,619.86
Unappropriated profit 16,679,688,347.09 22,299,954.05 16,701,988,301.14
Minority interests 73,994,641,893.21 35,540,449.45 74,030,182,342.66
Item 2022 Adjusted 2022
Profit or loss:
Income tax expenses 1,113,179,679.35 -220,002.60 1,112,959,676.75
Net profit 8,231,683,297.67 220,002.60 8,231,903,300.27
Profit or loss attributable to minority 4,894,237,074.85 -1,027,591.28 4,893,209,483.57
shareholders rehensive income attributable to
206,102,739.65 1,982,628.58 208,085,368.23
shareholders of the parent, net of tax
Other comp rehensive income attributable to
1,417,424,133.35 3,122,436.44 1,420,546,569.79
minority interests, net of tax
Item Q1~Q3 2022 Adjusted Q1~Q3 2022
Profit or loss:
Income tax expenses 951,924,182.81 -165,001.95 951,759,180.86
Net profit 6,834,406,470.71 165,001.95 6,834,571,472.66
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China M erchants Port Group Co., Ltd. The Report for the Third Quarter of 2023
Profit or loss attributable to minority 4,081,502,475.90 -770,693.46 4,080,731,782.44
shareholders rehensive income attributable to
Other comp
-49,994,283.75 1,486,971.44 -48,507,312.31
shareholders of the parent, net of tax
Other comp rehensive income attributable to
1,042,663,461.77 2,341,827.33 1,045,005,289.10
minority interests, net of tax
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
China Merchants Port Group Co., Ltd.
The Board of Directors
26 October 2023
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