招港B：2023年半年度报告摘要(英文版)

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2023-070

CHINA MERCHANTS PORT GROUP CO., LTD.

INTERIM REPORT 2023 (SUMMARY)Part I Important NotesThis Summary is based on the full Interim Report of China Merchants Port Group Co., Ltd.(hereinafter referred to as the “Company”). In order for a full understanding of the Company’soperating results, financial position and future development plans, investors should carefully readthe aforesaid full report on the media designated by the China Securities Regulatory Commission(the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and itssummary.Independent auditor’s modified opinion:

□ Applicable √ Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable √ Not applicable

The Company has no interim dividend plan, either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable √ Not applicable

Note: For the meanings of the abbreviations in this Summary, please refer to the information underthe heading “Definitions” in the full Interim Report.This Report and its summary have been prepared in both Chinese and English. Should there be anydiscrepancies or misunderstandings between the two versions, the Chinese versions shall prevail.Part II Key Corporate Information

1. Stock Profile

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.

√ Yes ? No

Reason for retrospective restatements: Change to accounting policiesThe Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for BusinessEnterprises (C.K. [2022] No. 31) on 30 November 2022, which stipulates that the “accountingtreatments for deferred income taxes associated with assets and liabilities arising from a singletransaction to which the initial recognition exemption does not apply” shall take effect since 1January 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 BusinessEnterprises since 1 January 2023.

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting PeriodChange of the controlling shareholder in the Reporting Period:

□ Applicable √ Not applicable

The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:

□ Applicable √ Not applicable

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

No preferred shareholders in the Reporting Period.

6. Outstanding Bonds at the Date when this Report Was Authorized for IssueDoes the Company have any corporate bonds publicly offered on the stock exchange, which wereoutstanding before the date of this Report’s approval or were due but could not be redeemed in full?

√ Yes □ No

(1) Bond Profile

(2) Relevant Financial Information as at the End of the Reporting Period

Part III Significant Events

1. Business Overview of the Reporting Period

Is the Company subject to any industry-specific disclosure requirements?The Company is not subject to any industry-specific disclosure requirements.

(1) Overview of port business

In the first half of 2023, port businesses coincided with industry mainstream trend which scaled upshare of key region market, and the Company’s investment on Ningbo Port also increased itsbusiness volume. The Company’s ports handled a total container throughput of 87.075 millionTEUs, up 30.4% year-on-year. Bulk cargo volume handled by the Company’s ports increased by

115.3% year-on-year to 630 million tonnes, which was mainly thanks to the business volume ofNingbo Port included in the Company since October 2022, contributing business increment of theCompany with container throughput of 19.74 million TEUs and bulk cargo throughput of 333million TEUs in the first half of the year. For container business, the Company’s ports in MainlandChina handled a container throughput of 67.747 million TEUs, representing a year-on-year increaseof 46.4%, ports in Hong Kong and Taiwan regions contributed a total container throughput of 2.791million TEUs, representing a year-on-year decrease of 22.4%, and the total container throughputhandled by the Company’s overseas ports grew by 116.7% year-on-year to 16.537 million TEUs. Interms of bulk cargo business, the Company’s ports in Mainland China handled a bulk cargo volumeof 627 million tonnes, up 116.7% year-on-year, and overseas ports handled a bulk cargo volume of

2.797 million tonnes, down 12.8% year-on-year.

(2) Implementation of business plan during the reporting period

During the Reporting Period, the Company sticked to its fundamental working principle of makingadvancement while maintaining stable. It proactively coped with the global economic downturn andshrink of demand, continued to focus on endogenous growth and innovation upgrading and capturedopportunities under the complex economic and trade situation to fully implement variousdevelopment measures. In respect of construction of homebase port, technological innovation,market expansion, operation management, deepening reform, comprehensive development, ESGand other aspects, the Company has achieved new accomplishment and made a solid step for highquality development.

① As for the construction of homebase ports, strengthening regional position and extendingvalue chain. Under the situation that the overall container throughput in the Guangdong-HongKong-Macao Greater Bay Area declines, the West Shenzhen homebase port, by adjustingcompetitive strategy, consolidated and further enhanced its market share in foreign trade.Meanwhile, it further advanced the upgrade of the hardware of collection and transportationinfrastructures of West Shenzhen homebase port, enabling ships of 200,000 tonnes to sail at night inTonggu channel. For homebase port in Sri Lanka, the Company continued to advance theconstruction of the international shipping center in South Asia. CICT continued to optimize routelayout and steadily improved its market share in Colombo Market, maintaining its dominantposition; besides, it steadily advanced the trade and logistics project in South Asia, to cultivate the

competitiveness with comprehensive service features, building up new development momentum of“port + logistics center”. HIPG strengthened market expansion and its transfer business of RO-RO,liquefied petroleum gas, and fuel oil all recorded relatively high growth.

② In terms of technological innovation, promoting technological innovation and constructingsmart port. CMIT, a subsidiary of the Company, continued to increased investment in R&D oftechnologies, steadily implemented the critical task to overcome the structural upgrade of theContainer Terminal Operation System (CTOS) of Ministry of Transport, continued to optimized theproposal of autonomous driving technology, sped up the R&D and promotion of products ofcomprehensive service platform of “CM ePort” version 3.0, and constantly promoted the deepeningof management of the Smart Management Platform (SMP). In the first half, “5G Mawan Smart Port”was included in the first batch of pioneer application excellent cases and solutions in Shenzhen. On12 August, China Federation of Logistics & Purchasing announced that the “West Shenzhen PortImport Electronic Order Exchange Platform Project Based on Alliance Chain and CloudTechnology obtained the First Prize of Science and Technology Progress Award.

③ In terms of market expansion, improving service quality and promoting model innovation.The Latin American bridgehead, TCP’s market share has further improved, and the leading positionof HIPG RoRo in the reginal market has been further strengthened. In the Guangdong-HongKong-Macao Greater Bay Area, the Company actively facilitated inter-companies synergy in theChina Merchants Group, built high-quality routes with “customized port services” and proactivelyexpanded business along the Southeast Asian routes. With continuous progress, the coordinated portbusiness in the Guangdong-Hong Kong-Macao Greater Bay Area has covered every major regionsof Guangdong Province. 5 new sites and a total of 30 sites were opened in the first half of 2023,serving nearly 6,000 import and export enterprises and completed more than 0.40 million TEUs inaggregate since operation.

④ In terms of operation management, construction of an operation management and controlsystem and improving streamline operation capacity. By leverage of SMP, the Company built aone-stop comprehensive management platform of CMPort, supporting the business analysis of allmodules, namely containers, bulk cargos, logistics park, comprehensive development and intelligenttechnology. SMP takes digital technology as the key force and applies smart tools to drive thetransformation of means, modes and concepts of the operation and management of CMPort. Atpresent, the Company has substantially realized the classification and management of informationof lifetime of assets, the standardization and onlineization of major business processes. Besides, theCompany also optimized the engineering management system and set up an engineeringmanagement center to carry out works; optimized its profitability and constantly developedmeasures to enhance its quality and efficiency; optimized and reshaped its business and financialanalysis framework to strictly control the increase of cost and expenses; deepened cost control toform a normalization mechanism of cost reduction and higher efficiency. The streamline operationof the Company has achieved phased results.

⑤ In terms of deepening reform, strengthening system and mechanism reform, inspiring thevitality of enterprises. The Company deeply implemented the “Double-Hundred Action” andemphasized on comprehensive industrial system of ports, with an aim to serve the nationaldevelopment strategy, optimize capital layout and improve industrial competitiveness. By focusingon governance mechanism, employment mechanism and incentive mechanism, the Company hasmade new progress in terms of promoting reform of equity diversification, optimizing overseaslegal person governance system, implementing a market-based selection and appointmentmechanism, and strengthening the incentive-oriented role of salary, thus further stimulated the deep

vitality of the enterprise. In May 2023, SASAC of the State Council released the special appraisalresults of “Double-Hundred Enterprises” of 2022 and the Company received “Excellent” title for itsoutstanding achievements and remarkable reform results.

⑥ In terms of comprehensive development, making innovation on commercial mode andconducting promotion to targeted industries. HIPG Industrial Park was occupied by 48contracted enterprises and realized the introduction of key industries. It continuously enriches theindustrial layout and strengthens the joint development with ports. Djibouti International Free TradeZone was occupied by 332 contracted enterprises. Under the environment of interest rate hike andunstable surrounding situation, the land sales of the Djibouti park made a new record, and theoverall operating results was stable and better than the same period last year. By leverage ondomestic and foreign ports and park resources, the Company promoted the construction of theexhibition center platform of “Made in Liaocheng” in the Djibouti Free Trade Zone, to open up agreen channel for domestic commodities to enter and exit the port and promote the value chain toextend upstream and downstream.

⑦ In terms of ESG construction, included in “Pioneer” list and promoting harmoniousdevelopment. The Company actively implemented the ESG concept and continued to strengthenthe ESG governance by taking initiative to disclose ESG report, aiming to be the world-class greenand intelligent comprehensive port service provider. In the first half of the year, the Companyobtained many honors from the industry and the capital market for its long-term responsibilitymanagement and performance. On 18 May, at the 2023 Green and Safe Port Conference and the 2ndBeibu Gulf Green Port Development Forum held by China Ports & Harbours Association, ChiwanContainer Terminal Co., Ltd. and Shenzhen Magang Godown & Wharf Co., Ltd of West Shenzhenhomebase port, both obtained a 4-star rating as “China Green Port” awarded by China Ports &Harbours Association; on 13 June, The Company was successfully selected into the "China ESGListed Companies First 100" list, ranking 68th and third in the transportation industry.

(3) Year-on-year Changes in Key Financial Data

Unit: RMB

2. Matters Related to Financial Reporting

(1) Changes to Accounting Policies, Accounting Estimates or Measurement MethodsCompared to the Last Accounting PeriodThe Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for BusinessEnterprises (C.K. [2022] No. 31) on 30 November 2022, which stipulates that the “accountingtreatments for deferred income taxes associated with assets and liabilities arising from a singletransaction to which the initial recognition exemption does not apply” shall take effect since 1January 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 BusinessEnterprises since 1 January 2023.

(2) Retrospective Restatements due to the Correction of Material Accounting Errors in theReporting Period

□ Applicable √ Not applicable

No such cases.

(3) Changes to the Scope of Consolidated Financial Statements Compared to the LastAccounting PeriodDuring the reporting period, except for the establishment of new subsidiaries, the Company did nothave any changes in the scope of consolidation due to other reasons.

China Merchants Port Group Co., Ltd.Board of DirectorsDated 31 August 2023