招港B:2023年年度报告(英文版)

【摘要】CHINAMERCHANTSPORTGROUPCO.,LTD.ANNUALREPORT2023Dateofdisclosure:2April2024Chairman’sStatementDearShareholders,Iherebypre...

CHINAMERCHANTS PORT GROUPCO., LTD.
          ANNUALREPORT 2023

                Date of disclosure: 2April 2024


                    Chairman’s Statement

Dear Shareholders,

Ihereby present to you the annual report of China Merchants Port Group Co., Ltd. and its subsidiaries
(the Company or CMPort) for the year ended 31 December 2023. On behalf of the Board, I would
like to express my sincere gratitude to all of you for your long-term support to the Company.

The Company is a crucial vehicle for China Merchants Group to implement the development tasks of
the "14th Five-Year Plan" and the strategy of Guangdong-Hong Kong-Macao Greater Bay Area.
Serving not only as the core enterprise of China Merchants Group's port sector, the Company is also
the capital operation and management platform for the group's global port assets, hence playing a key
role in the consolidation and synergistic development of China Merchants Group’s port assets. The
Company has become a world-leading port investor, developer and operator.

Byimplementing new development concepts basedonthenewdevelopment stageandbuildinga new
development pattern, CMPort will strive to promote its high-qualitydevelopment and become a high-
qualityworldclass comprehensive port service provider.While cultivatinginnovative businesses with
a focus on core port businesses, strengthening the supporting role of scientific and technological
innovation and building an independent and controllable terminal operating system, it will strive to
build a smart and diverse port ecosystem. By actively exploring and participating in global port
resource integration opportunities, optimizing the port network system on a continuous basis and
strengthening external and internal coordination, we will provide customers with more economical,
higher-quality, and more efficient service solutions and deepen strategic cooperation with customers,
thus creating greater value for the Company and more returns for shareholders, and making an
important contribution to maintaining the safety, stability, and smoothness of the supply chain.

REVIEW FOR THE YEAR

In 2023, the global economy continued to step a slow recovery from the influence of geopolitics and
the conflict between Russia and Ukraine, showing some resilience. Extreme situations such as
economic recession and deep-seated financial crisis that the international community was worried
about have not occurred, but economic activity remains at a weak level and sluggish economic
recovery still plagues most countries. Global economic growth has been keeping up a slower and
uneven development as divergence among nations was increasingly intensifying, especially in
emerging markets and developing economies. With the differentiation between regions becoming
apparent and uncertainties increasing, which brought great challenges to the daily operation and
management of enterprises. Facing the complicated external environment, the Company took "high-
quality development" as its central task and "lean operation and global layout" as its guidance, to
solidly advance endogenous growth as well as innovation and upgrading and give a strong and
effective respond to the impact of unexpected factors, hence successfully completed various business
tasks and enjoyed a good situation of high-quality development.

Financial performance: In 2023, the Company achieved operating income of RMB15.75 billion and
a total profit of RMB8.8 billion. The net profit attributable to the parent company was RMB3.57
billion, up by 6.98% year-on-year, and the operating performance increased steadily, handing over a
satisfactory answer.

Business performance: In terms of container business, the Company handled a total container
throughput of 180.195 million TEUs in 2023, up by 23.5% year-on-year, of which the container
throughput handled by mainland port projects was 140.306 million TEUs, up by 33.4% year-on year;
In terms of bulk cargo business, the Company handled a bulk cargo volume of 1,250 million tonnes
in 2023, representing an increase of 69.6% year-on-year, mainly because the Company, as a strategic
investor, completed the subscription for the A Shares of Ningbo Port issued under the non-public
issuance of A Shares in 2021, and the business volume of Ningbo Port has been included in the
Company's statistics from October 2022, bringing31.374 millionTEUs of containers and 490 million
tonnes of bulk cargo increments in 2023.

In terms of keypriorities, first, we achieved new breakthroughs in overseas expansion.The Company
invested in the construction of the South Asia Commercial and Logistics Hub to further enhance the
core competitiveness of overseas homebase ports. China Merchants Port, the holding subsidiary of
the Company, signed a contract to acquire the equity of PT Nusantara Pelabuhan Handal Tbk (NPH)
in Indonesia, which made an important breakthrough in the layout of SoutheastAsia and will further
share the opportunities from the rapid development of the R