China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2024-035
CHINA MERCHANTS PORT GROUP CO., LTD.
THE REPORT FOR THE FIRST QUARTER OF 2024
China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”)
and all the members of the Company’s Board of Directors hereby guarantee that the
contents of this Report are factual, accurate and complete and free of any
misrepresentations, misleading statements or material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and
senior management of the Company hereby guarantee the factuality, accuracy and completeness of the contents of
this Report, and shall be jointly and severally liable for any misrepresentations, misleading statements or material
omissions therein.
2. Xu Song, the Company’s legal representative, 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. Matters with modified audit opinions issued by independent auditors
□ Applicable √ Not applicable
5. Securities Times, China Securities Journal, Shanghai Securities News and http://www.cninfo.com.cn have been
designated by the Company for information disclosure. And all information about the Company shall be subject to
what’s disclosed on the aforesaid media.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
Q1 2024 Q1 2023 YoY change (%)
Operating revenue
3,866,684,797.87 3,693,584,257.97 4.69%
(RMB)
Net profit attributable
1,036,713,969.25 850,039,606.18 21.96%
to the listed company’s
1
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
shareholders (RMB)
Net profit attributable
to the listed company’s
shareholders before 812,854,501.46 724,465,592.72 12.20%
exceptional gains and
losses (RMB)
Net cash generated
from/used in operating 1,423,655,572.28 699,050,929.84 103.66%
activities (RMB)
Basic earnings per
0.41 0.34 20.59%
share (RMB/share)
Diluted earnings per
0.41 0.34 20.59%
share (RMB/share)
Weighted average
1.75% 1.55% 0.20%
return on equity (%)
31 March 2024 31 December 2023 Change (%)
Total assets (RMB) 198,638,385,104.09 198,557,296,667.26 0.04%
Equity attributable to
the listed company’s 59,888,490,490.74 58,847,592,947.55 1.77%
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
2,499,724,804
the disclosure of this Report (share)
Fully diluted earnings per share based on the latest total share capital above:
Fully diluted earnings per share based on the latest total share
0.4147
capital above (RMB/share)
(II) Exceptional Gains and Losses
Unit: RMB
Item Q1 2024 Note
Gain or loss on disposal of non-current assets (inclusive of
-509,415.42 -
impairment allowance write-offs)
Government grants recognised in profit or loss (exclusive of
those that are closely related to the Company's normal business
operations and given in accordance with defined criteria and in 5,676,827.59 -
compliance with government policies, and have a continuing
impact on the Company's profit or loss)
Gain or loss on fair-value changes in financial assets and
liabilities held by a non-financial enterprise, as well as on
disposal of financial assets and liabilities (exclusive of the 147,051,320.93 -
effective portion of hedges that is related to the Company's
normal business operations)
2
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
Capital occupation charges on non-financial enterprises that are
19,787,639.78 -
charged to current profit or loss
A subsidiary of the
Company received an
operating compensation
equivalent to
RMB317,519,170.00 from
Reversed portions of impairment allowances for receivables its minority shareholders in
317,519,170.00
which are tested individually for impairment the current period, and the
full-amount provision for
the relevant loss from
impairment of credit
established in the prior
period was reversed.
Non-operating income and expense other than the above 1,737,692.13 -
Less: Income tax effects 37,859,691.10 -
Non-controlling interests effects (net of tax) 229,544,076.12 -
Total 223,859,467.79 --
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
31 December
Balance sheet items 31 March 2024 Change Explanation of changes
2023
Mainly due to decreased
Notes receivable 227,127,818.35 325,150,195.09 -30.15%
bank acceptance notes
Mainly due to impacts of
Accounts receivable 1,671,217,975.97 1,103,901,466.25 51.39% the payment collection
periods
Mainly due to repayment of
Other current
110,280,098.93 2,143,842,534.53 -94.86% super-short-term
liabilities
commercial papers
Income statement
Q1 2024 Q1 2023 Change Explanation of changes
items
Mainly due to increased
Gains from changes in gains from changes in the
147,051,320.93 109,115,343.13 34.77%
fair value fair value of other
non-current financial assets
3
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
held in the current period
Mainly because a
subsidiary received an
operating compensation
from its minority
Gains from
317,386,566.39 8,422,477.29 3,668.33% shareholders in the current
impairment of credit
period, and the relevant
impairment provision
established in the prior
period was reversed
Cash flow statement
Q1 2024 Q1 2023 Change Explanation of changes
items
Other cash receipts Mainly due to receipt of
relating to operating 610,116,372.00 220,128,477.02 177.16% operating compensation in
activities the current period
Mainly due to increased
Payments of various
355,441,610.42 261,077,771.59 36.14% taxes and levies paid in the
types of taxes
current period
Mainly due to increased
Cash receipts from dividend income from joint
422,126,527.10 291,354,548.85 44.88%
investments income ventures and associates in
the current period
Mainly due to increased
Cash repayments of repayments of short-term
5,453,578,743.45 3,402,675,379.90 60.27%
borrowings borrowings 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
30,273
Number of ordinary Number of preferred shareholders with resumed
(19,418 A-shareholders, 0
shareholders voting rights (if any)
10,855 B-shareholders)
Top 10 shareholders (exclusive of shares lent in refinancing)
Shareh Shares in pledge, marked or
Nature of
olding Total shares Restricted frozen
Name of shareholder sharehold
percent held shares held
er Status Shares
age
CHINA MERCHANTS PORT Foreign 45.96% 1,148,648,648 0 - 0
4
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
INVESTMENT DEVELOPMENT legal
COMPANY LIMITED person
ZHEJIANG PROVINCIAL State-own
SEAPORT INVESTMENT & ed legal 23.07% 576,709,537 576,709,537 - 0
OPERATION GROUP CO., LTD. person
CHINA MERCHANTS State-own
GANGTONG DEVELOPMENT ed legal 14.84% 370,878,000 0 - 0
(SHENZHEN) CO., LTD. person
SHENZHEN INFRASTRUCTURE Funds,
INVESTMENT FUND-SHENZHEN wealth
INFRASTRUCTURE managem
2.59% 64,850,182 0 - 0
INVESTMENT FUND ent
PARTNERSHIP (LIMITED products,
PARTNERSHIP) etc.
State-own
BROADFORD GLOBAL LIMITED ed legal 2.21% 55,314,208 0 - 0
person
State-own
CHINA-AFRICA DEVELOPMENT
ed legal 1.66% 41,447,952 0 - 0
FUND
person
Funds,
CHINA LIFE INSURANCE
wealth
COMPANY
managem
LIMITED-TRADITION- 0.24% 6,008,722 0 - 0
ent
GENERAL INSURANCE
products,
PRODUCTS-005L- CT001 HU
etc.
Foreign
HONG KONG SECURITIES
legal 0.17% 4,352,462 0 - 0
CLEARING COMPANY LTD.
person
Funds,
AGRICULTURAL BANK OF wealth
CHINA CO., LTD.- CHINA managem
0.12% 2,982,233 0 - 0
SECURITIES 500 EXCHANGE ent
TRADED FUND products,
etc.
Foreign
CHINA MERCHANTS
legal 0.11% 2,664,775 0 - 0
SECURITIES (HK) CO., LTD.
person
Top 10 unrestricted shareholders
Name of shareholder Unrestricted shares held Shares by type
5
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
Type Shares
CHINA MERCHANTS PORT INVESTMENT RMB ordinary
1,148,648,648 1,148,648,648
DEVELOPMENT COMPANY LIMITED share
CHINA MERCHANTS GANGTONG RMB ordinary
370,878,000 370,878,000
DEVELOPMENT (SHENZHEN) CO., LTD. share
SHENZHEN INFRASTRUCTURE
INVESTMENT FUND-SHENZHEN RMB ordinary
64,850,182 64,850,182
INFRASTRUCTURE INVESTMENT FUND share
PARTNERSHIP (LIMITED PARTNERSHIP)
Domestically
BROADFORD GLOBAL LIMITED 55,314,208 listed foreign 55,314,208
share
RMB ordinary
CHINA-AFRICA DEVELOPMENT FUND 41,447,952 41,447,952
share
CHINA LIFE INSURANCE COMPANY
RMB ordinary
LIMITED-TRADITION- GENERAL 6,008,722 6,008,722
share
INSURANCE PRODUCTS-005L- CT001 HU
HONG KONG SECURITIES CLEARING RMB ordinary
4,352,462 4,352,462
COMPANY LTD. share
AGRICULTURAL BANK OF CHINA CO.,
RMB ordinary
LTD.- CHINA SECURITIES 500 EXCHANGE 2,982,233 2,982,233
share
TRADED FUND
Domestically
CHINA MERCHANTS SECURITIES (HK) CO.,
2,664,775 listed foreign 2,664,775
LTD.
share
RMB ordinary
MAI SHUQING 2,060,000 2,060,000
share
Broadford Global Limited is the controlling shareholder of China Merchants Port Investment
Related or acting-in-concert
Development Company Limited and China Merchants Gangtong Development (Shenzhen) Co.,
parties among the shareholders
Ltd. The Company does not know whether the other unrestricted shareholders are related parties
above
or not.
At the end of the Reporting Period, the shareholder of the Company, Mai Shuqing held
Top 10 shareholders engaged in
2,060,000 shares through the customer credit transaction secured securities account in China
securities margin trading (if any)
Merchants Securities Co., Ltd.
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing
shares lending
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
Full name Shares in the common Shares lent in refinancing Shares in the common Shares lent in refinancing
of account and credit account and not yet returned at the account and credit account and not yet returned at the
shareholder at the period-begin period-begin at the period-end period-end
6
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
As % of As % of As % of As % of
Total Total Total Total
total share total share total share total share
shares shares shares shares
capital capital capital capital
AGRICUL
TURAL
BANK OF
CHINA
CO., LTD.-
CHINA
1,291,033 0.05% 374,400 0.01% 2,982,233 0.12% 212,200 0.01%
SECURITI
ES 500
EXCHAN
GE
TRADED
FUND
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
compared with the prior period
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the
end of the prior period
Shares in the common account and credit
Newly added to or Shares lent in refinancing and not yet
account plus shares lent in refinancing
Full name of exiting from top 10 returned at the period-end
and not yet returned at the period-end
shareholder shareholders in the
Reporting Period As % of total share As % of total share
Total shares Total shares
capital capital
AGRICULTURA
L BANK OF
CHINA CO.,
LTD.- CHINA
Newly added 212,200 0.01% 3,194,433 0.13%
SECURITIES
500
EXCHANGE
TRADED FUND
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant Events
□ Applicable √ Not applicable
7
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
31 March 2024
Unit: RMB
Item 31 March 2024 1 January 2024
Current assets:
Cash and bank balances 16,026,440,664.58 16,079,646,178.24
Settlement reserve
Interbank loans granted
Held-for-trading financial assets 4,129,917,125.27 4,568,806,108.84
Derivative financial assets
Notes receivable 227,127,818.35 325,150,195.09
Accounts receivable 1,671,217,975.97 1,103,901,466.25
Receivables financing 1,000,000.00 2,001,669.46
Prepayments 68,053,788.10 37,664,552.30
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve receivables
Other 951,725,058.26 940,014,994.01
Including: Interest receivable
Dividend receivable 387,067,456.00 343,386,866.06
Financial assets purchased under
resale agreements
Inventories 242,141,966.43 218,898,192.87
Including: Data resource
Contract assets
Assets held for sale
Non-current assets due within one year 10,441,423.29 17,451,380.98
Other current assets 185,193,405.33 189,673,500.87
Total current assets 23,513,259,225.58 23,483,208,238.91
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
Long-term receivables 3,827,170,928.93 3,856,466,116.99
Long-term equity investments 97,455,076,589.00 96,666,117,776.27
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China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
Investments in other equity 157,461,648.16 157,461,648.16
instruments
Other non-current financial assets 1,014,890,568.90 877,576,442.83
Investment properties 4,912,483,164.07 4,958,374,968.79
Fixed assets 29,039,247,473.41 28,986,538,326.35
Construction in progress 3,036,105,367.95 2,909,817,281.46
Productive living assets
Oil and gas assets
Right-of-use assets 8,890,710,388.10 9,441,668,311.22
Intangible assets 17,790,154,905.55 18,073,062,184.72
Including: Data resource
Development expenditure 39,872,198.26 50,990,153.18
Including: Data resource
Goodwill 6,411,089,501.36 6,493,002,246.44
Long-term prepaid expenses 970,690,902.36 993,793,505.29
Deferred tax assets 407,926,605.73 415,063,477.03
Other non-current assets 1,172,245,636.73 1,194,155,989.62
Total non-current assets 175,125,125,878.51 175,074,088,428.35
Total assets 198,638,385,104.09 198,557,296,667.26
Current liabilities:
Short-term borrowings 14,603,025,220.20 15,714,045,288.97
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 68,114,463.67 73,461,165.82
Accounts payable 573,706,141.81 691,765,137.25
Receipts in advance 30,171,471.20 17,387,537.36
Contract liabilities 124,907,447.34 142,080,101.00
Financial assets sold under repurchase
agreements deposits and interbank
Customer
deposits
Payables for acting trading of
securities for underwriting of securities
Payables
Employee benefits payable 685,846,776.74 917,964,606.65
Taxes payable 954,759,286.92 923,053,572.50
Other payables 1,790,561,708.07 1,654,622,170.02
Including: Interest payable
Dividends payable 220,460,033.48 111,897,214.27
Handling charges and commissions
payable
Reinsurance payables
9
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
Liabilities directly associated with
assets held for sale
Non-current liabilities due within one 7,540,348,321.85 6,817,404,289.25
yearOther current liabilities 110,280,098.93 2,143,842,534.53
Total current liabilities 26,481,720,936.73 29,095,626,403.35
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 19,241,184,994.89 18,227,543,954.71
Bonds payable 14,317,279,918.83 14,287,508,564.15
Including: Preferred shares
Perpetual bonds
Lease liabilities 1,004,191,544.13 1,001,172,206.92
Long-term payables 3,797,092,411.24 3,822,862,202.17
Long-term employee benefits payable 594,007,488.52 603,009,921.91
Provisions 87,601,880.90 85,590,059.41
Deferred income 1,012,942,747.71 1,024,776,557.73
Deferred tax liabilities 4,725,914,683.38 4,659,638,104.37
Other non-current liabilities 172,959,397.04 179,634,263.73
Total non-current liabilities 44,953,175,066.64 43,891,735,835.10
Total liabilities 71,434,896,003.37 72,987,362,238.45
Shareholders' equity:
Share capital 2,499,462,404.00 2,499,074,661.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 37,188,775,808.82 37,076,846,803.06
Less: Treasury stock
Other comprehensive income -1,021,724,860.11 -903,626,594.35
Special reserve 43,969,085.35 34,003,994.41
Surplus reserves 1,095,980,563.68 1,095,980,563.68
General reserve
Unappropriated profit 20,082,027,489.00 19,045,313,519.75
Total shareholders' equity attributable to 59,888,490,490.74 58,847,592,947.55
shareholders of the parent
Minority interests 67,314,998,609.98 66,722,341,481.26
Total shareholders' equity 127,203,489,100.72 125,569,934,428.81
Total liabilities and shareholders' equity 198,638,385,104.09 198,557,296,667.26
Legal Representative: Xu Song
Chief Financial Officer: Tu Xiaoping
Head of Accounting Department: Hu Shaode
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China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
2. Consolidated income statement for Q1
Unit: RMB
Item Q1 2024 Q1 2023
1. Operating income 3,866,684,797.87 3,693,584,257.97
Including: Operating income 3,866,684,797.87 3,693,584,257.97
Interest income
Premium income
Handling charge and
commission income
2. Costs and expenses 3,245,856,053.42 3,256,430,499.35
Including: Operating costs 2,166,647,172.05 2,166,281,506.75
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 80,797,651.01 67,797,717.75
Selling expense
Administrative expenses 404,257,134.50 390,562,146.01
Research and development
38,342,010.57 69,022,878.81
expenses
Finance expenses 555,812,085.29 562,766,250.03
Including: Interest expense 593,698,496.94 556,633,136.12
Interest income 107,481,452.37 118,478,939.42
Add: Other income 19,365,152.13 30,192,445.16
Investment income (Loss is marked
1,324,200,287.75 1,510,612,568.31
with "-")
Including: Income from
1,309,684,765.64 1,496,344,186.35
investments in associates and joint ventures
Income from the
11
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
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
147,051,320.93 109,115,343.13
(Loss is marked with "-" )
Gains from impairment of credit
317,386,566.39 8,422,477.29
(Loss is marked with "-" )
Gains from impairment of assets
(Loss is marked with "-" )
Gains on disposal of assets (Loss is
569,564.20 -180,393.80
marked with "-" )
3. Operating profit (Loss is marked with
2,429,401,635.85 2,095,316,198.71
"-")
Add: Non-operating income 6,269,913.85 10,147,277.67
Less: Non-operating expenses 5,611,201.34 14,882,144.37
4. Gross profit (Loss is marked with "-") 2,430,060,348.36 2,090,581,332.01
Less: Income tax expenses 339,494,816.71 286,862,164.52
5. Net profit (Loss is marked with "-") 2,090,565,531.65 1,803,719,167.49
5.1 Categorization by continuity of
operation
5.1.1 Net profit from continuing
2,090,565,531.65 1,803,719,167.49
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 owners
1,036,713,969.25 850,039,606.18
of the parent
5.2.2 Profit or loss attributable to
1,053,851,562.40 953,679,561.31
minority shareholders
6. Other comprehensive income, net of tax -295,783,519.94 -37,702,507.44
Other comprehensive income attributable
-118,098,265.76 15,507,228.67
to owners of the parent, net of tax
6.1 Other comprehensive income that will
277,536.18
not be reclassified to profit or loss
12
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
6.1.1 Changes from remeasurement of
the defined benefit plan
6.1.2 Other comprehensive income that
cannot be reclassified to profit or loss under 277,536.18
the equity method
6.1.3 Fair value changes of
investments in other equity instruments
6.1.4 Changes in the fair value of the
company’s credit risks
6.1.5 Other
6.2 Other comprehensive income that will
-118,098,265.76 15,229,692.49
be reclassified subsequently to profit or loss
6.2.1 Other comprehensive income that
can be reclassified to profit or loss under the -1,208,564.98 6,647,720.36
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 foreign -116,889,700.78 8,581,972.13
currencies
6.2.7 Other
Other comprehensive income attributable
-177,685,254.18 -53,209,736.11
to minority interests, net of tax
7. Total comprehensive income attributable
1,794,782,011.71 1,766,016,660.05
to
Shareholders of the parent 918,615,703.49 865,546,834.85
Minority shareholders 876,166,308.22 900,469,825.20
8. Earnings per share
8.1 Basic earnings per share 0.41 0.34
8.2 Diluted earnings per share 0.41 0.34
13
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
3. Consolidated Cash Flow Statement for Q1
Unit: RMB
Item Q1 2024 Q1 2023
1. Cash flows from operating activities:
Cash receipts from sales of goods and
3,424,449,441.43 3,194,833,274.62
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 10,772,630.44 929,828.08
Other cash receipts relating to
610,116,372.00 220,128,477.02
operating activities
Sub-total of cash inflows 4,045,338,443.87 3,415,891,579.72
Cash payments for goods purchased
1,000,139,104.50 1,032,226,057.61
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
14
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
Net increase in interbank loans granted
Interest, handling charges and
commissions paid
Policy dividends paid
Cash payments to and on behalf of
1,082,136,285.55 1,218,416,516.71
employees
Payments of various types of taxes 355,441,610.42 261,077,771.59
Other cash payments relating to
183,965,871.12 205,120,303.97
operating activities
Sub-total of cash outflows 2,621,682,871.59 2,716,840,649.88
Net Cash Flows from Operating
1,423,655,572.28 699,050,929.84
Activities
2. Cash flows from investing activities:
Cash receipts from disposals and
5,080,000,000.00 4,687,000,000.00
recovery of investments
Cash receipts from investments
422,126,527.10 291,354,548.85
income
Net cash receipts from disposal of
fixed assets, intangible assets and other 2,873,657.67 831,486.80
long-term assets
Net cash receipts from disposal of
subsidiaries and other operating units
Other cash receipts relating to investing
86,434,571.88
activities
Sub-total of cash inflows 5,505,000,184.77 5,065,620,607.53
Cash payments to acquire or construct
fixed assets, intangible assets and other 372,944,173.58 309,707,402.32
long-term assets
Cash payments to acquire investments 4,640,000,000.00 6,142,654,969.50
Net increase in pledged loans granted
Net cash payments for acquisitions of
subsidiaries and other business units
Other cash payments relating to investing
2,731,881.29 479,015.65
activities
Sub-total of cash outflows 5,015,676,054.87 6,452,841,387.47
Net cash flows from investing activities 489,324,129.90 -1,387,220,779.94
3. Cash flows from financing activities:
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China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
Cash receipts from capital
6,077,019.70
contributions
Including: Cash receipts from capital
contributions from Minority shareholder
of subsidiary
Cash receipts from borrowings 4,132,378,428.59 3,525,239,878.65
Other cash receipts relating to
40,225,272.74 87,673.99
financing activities
Sub-total of cash inflows 4,178,680,721.03 3,525,327,552.64
Cash repayments of borrowings 5,453,578,743.45 3,402,675,379.90
Cash payments for distribution of
dividends or profits or settlement of 554,062,895.18 560,837,707.69
interest expenses
Including: Payments for distribution of
dividends or profits to Minority 9,330,110.48 37,092,850.00
shareholder of subsidiary
Other cash payments relating to
132,219,744.39 159,647,710.20
financing activities
Sub-total of cash outflows 6,139,861,383.02 4,123,160,797.79
Net cash flows from financing activities -1,961,180,661.99 -597,833,245.15
4. Effect of foreign exchange rate
-11,751,226.58 -15,139,218.75
changes on cash and cash equivalents
5. Net increase in cash and cash
-59,952,186.39 -1,301,142,314.00
equivalents
Add: Opening balance of Cash and
16,018,613,631.10 13,567,309,471.62
Cash Equivalents
6. Closing balance of cash and cash
15,958,661,444.71 12,266,167,157.62
equivalents
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China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2024
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First
Implementation of the New Accounting Standards Implemented since 2024
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes √ No
These financial statements have not been audited by such an auditor.
The Board of Directors
China Merchants Port Group Co., Ltd.
30 April 2024
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