招港B：2024年第三季度报告(英文)
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2024-087
CHINA MERCHANTS PORT GROUP CO., LTD.THE REPORT FOR THE THIRD QUARTER OF 2024
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors andsenior management of the Company hereby guarantee the factuality, accuracy and completeness of the contents ofthis Report, and shall be jointly and severally liable for any misrepresentations, misleading statements or materialomissions therein.
2. Xu Song, the Company’s legal representative, Huang Zhenzhou, the Company’s Chief Financial Officer andLiu Shixia, the person-in-charge of the accounting organ hereby guarantee that the financial statements carried inthis 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 beendesignated by the Company for information disclosure. And all information about the Company shall be subject towhat’s disclosed on the aforesaid media.This Report has been prepared in both Chinese and English. Should there be any discrepancies ormisunderstandings between the two versions, the Chinese version shall prevail.
I Key Financial Information(I) Key Accounting Data and Financial IndicatorsIndicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √ No
| Q3 2024 | YoY change (%) | Q1-Q3 2024 | YoY change (%) | |
| Operating revenue (RMB) | 4,191,147,919.01 | 5.84% | 12,166,341,002.65 | 3.50% |
| Net profit attributable to the | 1,189,284,910.16 | -4.63% | 3,736,113,366.24 | 18.63% |
China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) and all themembers of the Company’s Board of Directors hereby guarantee that the contents of this Reportare factual, accurate and complete and free of any misrepresentations, misleading statements ormaterial omissions.
listed company’sshareholders(RMB)
| listed company’s shareholders (RMB) | ||||
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB) | 1,191,951,524.77 | -0.77% | 3,356,097,317.77 | 11.77% |
| Net cash generated from operating activities (RMB) | — | — | 5,400,158,942.86 | 38.83% |
| Basic earnings per share (RMB/share) | 0.48 | -4.00% | 1.49 | 18.25% |
| Diluted earnings per share (RMB/share) | 0.48 | -4.00% | 1.49 | 18.25% |
| Weighted average return on equity (%) | 1.97% | -0.21% | 6.22% | 0.58% |
| 30 September 2024 | 31 December 2023 | Change (%) | ||
| Total assets (RMB) | 199,960,847,212.29 | 198,557,296,667.26 | 0.71% | |
| Equity attributable to the listed company’s shareholders (RMB) | 61,107,844,741.72 | 58,847,592,947.55 | 3.84% | |
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 the disclosure of this Report (share) | 2,500,924,881 |
Fully diluted earnings per share based on the latest total share capital above:
| Fully diluted earnings per share based on the latest total share capital above (RMB/share) | 1.4939 |
(II) Exceptional Gains and Losses
Unit: RMB
| Item | Q3 2024 | Q1-Q3 2024 | Note |
| Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs) | 27,300,880.59 | 25,048,852.15 | - |
| 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 compliance with government policies, and have a continuing impact on the Company's profit or loss) | 519,053.95 | 81,605,565.68 | - |
Gain or loss on fair-value changes infinancial assets and liabilities held bya non-financial enterprise, as well ason disposal of financial assets andliabilities (exclusive of the effectiveportion of hedges that is related to theCompany's normal businessoperations)
| 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 effective portion of hedges that is related to the Company's normal business operations) | -45,372,186.28 | 420,480,709.83 | - |
| Capital occupation charges on non-financial enterprises that are charged to current profit or loss | 22,999,452.67 | 64,670,906.48 | - |
| Reversed portions of impairment allowances for receivables which are tested individually for impairment | 1,469,850.00 | 318,705,080.14 | Mainly because a subsidiary of the Company received an operating compensation equivalent to RMB317,825,850 from its minority shareholders in 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 | 8,278,588.76 | -4,746,107.98 | - |
| Less: Income tax effects | -13,644,851.67 | 111,056,635.74 | - |
| Non-controlling interests effects (net of tax) | 31,507,105.97 | 414,692,322.09 | - |
| Total | -2,666,614.61 | 380,016,048.47 | -- |
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 ExplanatoryAnnouncement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases.
(III) Changes in Key Financial Statement Line Items and Their Explanation
Unit: RMB
| Balance sheet items | 30 September 2024 | 31 December 2023 | Change | Explanation of changes |
| Accounts receivable | 1,956,694,872.69 | 1,103,901,466.25 | 77.25% | Mainly due to impacts of the payment collection periods |
| Prepayments | 90,128,726.78 | 37,664,552.30 | 139.29% | Mainly due to increased prepayment by subsidiary for engineering and construction |
Inventories
| Inventories | 312,365,338.66 | 218,898,192.87 | 42.70% | Mainly due to impacts of the changed scope of the consolidated financial statements |
| Other non-current financial assets | 538,287,019.17 | 877,576,442.83 | -38.66% | Mainly due to impacts of the sale of shareholdings and the changes in fair value |
Notes payable
| Notes payable | 6,178,733.23 | 73,461,165.82 | -91.59% | Mainly due to honouring of bank notes by subsidiary upon maturity |
| Dividends payable | 886,045,858.28 | 111,897,214.27 | 691.84% | Mainly due to increased dividends payable to minority shareholders of subsidiaries |
| Lease liabilities | 1,449,611,596.09 | 1,001,172,206.92 | 44.79% | Mainly due to impacts of the changed scope of the consolidated financial statements |
| Income statement items | Q1-Q3 2024 | Q1-Q3 2023 | Change | Explanation of changes |
| Other income | 121,368,848.38 | 198,189,876.87 | -38.76% | Mainly due to impacts of receipt of container throughput subsidy by subsidiary last year |
| Gains from changes in fair value | 420,480,709.83 | 66,751,559.22 | 529.92% | Mainly due to increased gains from changes in the fair value of other non-current financial assets held in the current period |
| Loss from impairment of credit | 323,301,702.32 | -11,125,698.90 | 3,005.90% | Mainly because a subsidiary received an operating compensation from its minority shareholders in the current period, and the relevant impairment provision established in the prior period was reversed |
Cash flow statement items
| Cash flow statement items | Q1-Q3 2024 | Q1-Q3 2023 | Change | Explanation of changes |
| Other cash receipts relating to operating activities | 968,472,321.45 | 671,156,772.71 | 44.30% | Mainly because a subsidiary received an operating compensation from its minority shareholders in the current period |
| Other cash receipts relating | 16,265,719.24 | 3,174,261,589.34 | -99.49% | Mainly due to recovery of |
to investing activities
| to investing activities | shareholder loan in the prior period, with no comparable event in the current period | |||
| Other cash payments relating to investing activities | 260,956,940.52 | 8,285,621.75 | 3,049.52% | Mainly due to payment in the current period of taxes in relation to land expropriation in prior years |
| Cash receipts from capital contributions | 67,846,309.49 | 170,298,000.00 | -60.16% | Mainly due to a higher amount of investments from minority shareholders of subsidiaries in the prior period compared with this year |
| Other cash receipts relating to financing activities | 48,811,913.01 | 332,582,769.65 | -85.32% | Mainly due to a lower amount of receipts under finance leases in the current period compared with last year |
| Other cash payments relating to financing activities | 344,306,811.06 | 951,492,124.48 | -63.81% | Mainly due to a higher amount of payments for the acquisition of minority interests in subsidiaries in the prior period compared with this year |
II Shareholder Information(I) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed VotingRights as well as Holdings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders | 28,937 (18,727 A-shareholders, 10,210 B-shareholders) | Number of preferred shareholders with resumed voting rights (if any) | 0 | ||||
| Top 10 shareholders (exclusive of shares lent in refinancing) | |||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held | Restricted shares held | Shares in pledge, marked or frozen | ||
| Status | Shares | ||||||
| CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITED | Foreign legal person | 45.93% | 1,148,648,648 | 0 | - | 0 | |
| ZHEJIANG PROVINCIAL SEAPORT INVESTMENT & OPERATION GROUP CO., LTD. | State-owned legal person | 23.06% | 576,709,537 | 576,709,537 | - | 0 | |
CHINA MERCHANTSGANGTONG DEVELOPMENT(SHENZHEN) CO., LTD.
| CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD. | State-owned legal person | 14.83% | 370,878,000 | 0 | - | 0 |
| SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP) | Funds, wealth management products, etc. | 2.59% | 64,850,182 | 0 | - | 0 |
| BROADFORD GLOBAL LIMITED | State-owned legal person | 2.21% | 55,314,208 | 0 | - | 0 |
| CHINA-AFRICA DEVELOPMENT FUND | State-owned legal person | 0.62% | 15,610,368 | 0 | - | 0 |
| AGRICULTURAL BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUND | Funds, wealth management products, etc. | 0.18% | 4,573,733 | 0 | - | 0 |
| ZOU YANMIN | Domestic individual | 0.16% | 4,100,000 | 0 | - | 0 |
| CHINA MERCHANTS BANK CO., LTD.- CHINA SOUTHERN ALPHA MIXED TYPE SECURITIES INVESTMENT FUND | Funds, wealth management products, etc. | 0.16% | 3,914,700 | 0 | - | 0 |
| HONG KONG SECURITIES CLEARING COMPANY LTD. | Foreign legal person | 0.16% | 3,889,920 | 0 | - | 0 |
| Top 10 unrestricted shareholders | ||||||
| Name of shareholder | Unrestricted shares held | Shares by type | ||||
| Type | Shares | |||||
| CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITED | 1,148,648,648 | RMB ordinary share | 1,148,648,648 | |||
| CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD. | 370,878,000 | RMB ordinary | 370,878,000 | |||
share
| share | ||||
| SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP) | 64,850,182 | RMB ordinary share | 64,850,182 | |
| BROADFORD GLOBAL LIMITED | 55,314,208 | Domestically listed foreign share | 55,314,208 | |
| CHINA-AFRICA DEVELOPMENT FUND | 15,610,368 | RMB ordinary share | 15,610,368 | |
| AGRICULTURAL BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUND | 4,573,733 | RMB ordinary share | 4,573,733 | |
| ZOU YANMIN | 4,100,000 | Domestically listed foreign share | 4,100,000 | |
| CHINA MERCHANTS BANK CO., LTD.- CHINA SOUTHERN ALPHA MIXED TYPE SECURITIES INVESTMENT FUND | 3,914,700 | RMB ordinary share | 3,914,700 | |
| HONG KONG SECURITIES CLEARING COMPANY LTD. | 3,889,920 | RMB ordinary share | 3,889,920 | |
| GU KUNYI | 2,752,166 | Domestically listed foreign share | 2,752,166 | |
| Related or acting-in-concert parties among the shareholders above | Broadford Global Limited is the controlling shareholder of China Merchants Port Investment Development Company Limited and China Merchants Gangtong Development (Shenzhen) Co., Ltd. The Company does not know whether the other unrestricted shareholders are related parties or not. | |||
| Top 10 shareholders engaged in securities margin trading (if any) | Not applicable | |||
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancingshares lending
| 5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending | ||||
| Full name of shareholder | Shares in the common account and credit account at the period-begin | Shares lent in refinancing and not yet returned at the period-begin | Shares in the common account and credit account at the period-end | Shares lent in refinancing and not yet returned at the period-end |
Totalshares
| Total shares | As % of total share capital | Total shares | As % of total share capital | Total shares | As % of total share capital | Total shares | As % of total share capital | |
| AGRICULTURAL BANK OF CHINA CO., LTD.- CHINA SECURITIES 500 EXCHANGE TRADED FUND | 1,291,033 | 0.05% | 374,400 | 0.01% | 4,573,733 | 0.18% | 0 | 0.00% |
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/returncompared with the prior period
□ Applicable √ Not applicable
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant EventsIn order to implement the requirements of the State Council’s “Opinions on StrengtheningSupervision and Preventing Risks and Promoting High-Quality Development of the Capital Market”and “Opinions on Further Improving the Quality of Listed Companies”, the Company hasformulated the action plan for “Dual Enhancement of Development Quality and Investor Returns”,with a view to continuously improving the quality of the Company, enhancing the returns toinvestors, ensuring that relevant stakeholders share the fruits of the Company’s development, andachieving sustainable development. For details, please refer to the “Announcement on the Initiationof the Action Plan for “Dual Enhancement of Development Quality and Investor Returns”(Announcement No. 2024-068) disclosed on www.cninfo.com.cn.
IV Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
30 September 2024
Unit: RMB
| Item | 30 September 2024 | 1 January 2024 |
| Current assets: | ||
| Cash and bank balances | 15,516,640,683.90 | 16,079,646,178.24 |
| Settlement reserve | ||
| Interbank loans granted | ||
| Held-for-trading financial assets | 4,315,022,215.00 | 4,568,806,108.84 |
| Derivative financial assets | ||
| Notes receivable | 264,891,494.54 | 325,150,195.09 |
| Accounts receivable | 1,956,694,872.69 | 1,103,901,466.25 |
| Receivables financing | 0.00 | 2,001,669.46 |
| Prepayments | 90,128,726.78 | 37,664,552.30 |
| Premiums receivable | ||
| Reinsurance receivables | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 983,039,393.13 | 940,014,994.01 |
| Including: Interest receivable | ||
| Dividend receivable | 312,202,788.64 | 343,386,866.06 |
| Financial assets purchased under resale agreements | ||
| Inventories | 312,365,338.66 | 218,898,192.87 |
| Including: Data resource | ||
| Contract assets | ||
| Assets held for sale | ||
| Non-current assets due within one year | 17,723,148.78 | 17,451,380.98 |
| Other current assets | 212,623,235.01 | 189,673,500.87 |
| Total current assets | 23,669,129,108.49 | 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 | 3,900,762,679.96 | 3,856,466,116.99 |
| Long-term equity investments | 99,405,435,948.77 | 96,666,117,776.27 |
Investments in other equityinstruments
| Investments in other equity instruments | 157,461,648.16 | 157,461,648.16 |
| Other non-current financial assets | 538,287,019.17 | 877,576,442.83 |
| Investment properties | 4,819,306,281.34 | 4,958,374,968.79 |
| Fixed assets | 29,324,862,489.43 | 28,986,538,326.35 |
| Construction in progress | 2,611,022,328.84 | 2,909,817,281.46 |
| Productive living assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 9,105,570,917.15 | 9,441,668,311.22 |
| Intangible assets | 17,764,995,803.62 | 18,073,062,184.72 |
| Including: Data resource | ||
| Development expenditure | 41,636,877.19 | 50,990,153.18 |
| Including: Data resource | ||
| Goodwill | 6,151,546,892.48 | 6,493,002,246.44 |
| Long-term prepaid expenses | 937,569,948.82 | 993,793,505.29 |
| Deferred tax assets | 404,079,673.49 | 415,063,477.03 |
| Other non-current assets | 1,129,179,595.38 | 1,194,155,989.62 |
| Total non-current assets | 176,291,718,103.80 | 175,074,088,428.35 |
| Total assets | 199,960,847,212.29 | 198,557,296,667.26 |
| Current liabilities: | ||
| Short-term borrowings | 12,872,579,860.25 | 15,714,045,288.97 |
| Borrowings from the central bank | ||
| Interbank loans obtained | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 6,178,733.23 | 73,461,165.82 |
| Accounts payable | 593,074,106.27 | 691,765,137.25 |
| Receipts in advance | 23,691,114.32 | 17,387,537.36 |
| Contract liabilities | 172,961,910.68 | 142,080,101.00 |
| 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 | 966,322,584.38 | 917,964,606.65 |
| Taxes payable | 825,547,489.93 | 923,053,572.50 |
| Other payables | 2,640,793,142.68 | 1,654,622,170.02 |
| Including: Interest payable | ||
| Dividends payable | 886,045,858.28 | 111,897,214.27 |
| Handling charges and commissions payable | ||
| Reinsurance payables |
Liabilities directly associated withassets held for sale
| Liabilities directly associated with assets held for sale | ||
| Non-current liabilities due within one year | 9,642,749,198.42 | 6,817,404,289.25 |
| Other current liabilities | 2,138,010,085.06 | 2,143,842,534.53 |
| Total current liabilities | 29,881,908,225.22 | 29,095,626,403.35 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 16,259,359,834.78 | 18,227,543,954.71 |
| Bonds payable | 13,689,012,145.46 | 14,287,508,564.15 |
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liabilities | 1,449,611,596.09 | 1,001,172,206.92 |
| Long-term payables | 3,445,175,287.15 | 3,822,862,202.17 |
| Long-term employee benefits payable | 587,837,347.55 | 603,009,921.91 |
| Provisions | 105,279,334.88 | 85,590,059.41 |
| Deferred income | 987,408,736.27 | 1,024,776,557.73 |
| Deferred tax liabilities | 4,852,349,006.02 | 4,659,638,104.37 |
| Other non-current liabilities | 175,753,477.65 | 179,634,263.73 |
| Total non-current liabilities | 41,551,786,765.85 | 43,891,735,835.10 |
| Total liabilities | 71,433,694,991.07 | 72,987,362,238.45 |
| Shareholders' equity: | ||
| Share capital | 2,500,924,881.00 | 2,499,074,661.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 37,343,740,420.12 | 37,076,846,803.06 |
| Less: Treasury stock | ||
| Other comprehensive income | -1,219,661,984.90 | -903,626,594.35 |
| Special reserve | 55,713,466.81 | 34,003,994.41 |
| Surplus reserves | 1,095,980,563.68 | 1,095,980,563.68 |
| General reserve | ||
| Unappropriated profit | 21,331,147,395.01 | 19,045,313,519.75 |
| Total shareholders' equity attributable to shareholders of the parent | 61,107,844,741.72 | 58,847,592,947.55 |
| Minority interests | 67,419,307,479.50 | 66,722,341,481.26 |
| Total shareholders' equity | 128,527,152,221.22 | 125,569,934,428.81 |
| Total liabilities and shareholders' equity | 199,960,847,212.29 | 198,557,296,667.26 |
Legal Representative: Xu SongChief Financial Officer: Huang ZhenzhouHead of Accounting Department: Liu Shixia
2. Consolidated income statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2024 | Q1~Q3 2023 |
| 1. Operating income | 12,166,341,002.65 | 11,755,307,434.70 |
| Including: Operating income | 12,166,341,002.65 | 11,755,307,434.70 |
| Interest income | ||
| Premium income | ||
| Handling charge and commission income | ||
| 2. Costs and expenses | 9,668,622,334.00 | 9,779,572,277.81 |
| Including: Operating costs | 6,724,742,007.36 | 6,791,358,487.08 |
| 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 | 243,239,281.56 | 220,492,182.67 |
| Selling expense | ||
| Administrative expenses | 1,221,499,434.98 | 1,216,242,310.86 |
| Research and development expenses | 129,428,104.22 | 159,294,326.98 |
| Finance expenses | 1,349,713,505.88 | 1,392,184,970.22 |
| Including: Interest expense | 1,670,913,976.25 | 1,656,923,837.50 |
| Interest income | 353,798,409.79 | 395,605,388.12 |
| Add: Other income | 121,368,848.38 | 198,189,876.87 |
| Investment income (Loss is marked with "-") | 5,012,672,259.88 | 5,271,674,585.50 |
| Including: Income from investments in associates and joint ventures | 4,932,627,649.09 | 4,954,944,249.39 |
| 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 | 420,480,709.83 | 66,751,559.22 |
value (Loss is marked with "-" )
| value (Loss is marked with "-" ) | ||
| Gains from impairment of credit (Loss is marked with "-" ) | 323,301,702.32 | -11,125,698.90 |
| Gains from impairment of assets (Loss is marked with "-" ) | 92,227.23 | 66,220.01 |
| Gains on disposal of assets (Loss is marked with "-" ) | 33,557,038.04 | 1,458,860.96 |
| 3. Operating profit (Loss is marked with "-") | 8,409,191,454.33 | 7,502,750,560.55 |
| Add: Non-operating income | 25,376,308.72 | 37,564,635.49 |
| Less: Non-operating expenses | 38,630,602.59 | 24,929,758.81 |
| 4. Gross profit (Loss is marked with "-") | 8,395,937,160.46 | 7,515,385,437.23 |
| Less: Income tax expenses | 1,088,396,529.42 | 990,357,417.02 |
| 5. Net profit (Loss is marked with "-") | 7,307,540,631.04 | 6,525,028,020.21 |
| 5.1 Categorization by continuity of operation | ||
| 5.1.1 Net profit from continuing operation (Loss is marked with "-") | 7,307,540,631.04 | 6,525,028,020.21 |
| 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 marked with "-") | 3,736,113,366.24 | 3,149,317,960.49 |
| 5.2.2 Profit or loss attributable to minority shareholders (Loss is marked with "-") | 3,571,427,264.80 | 3,375,710,059.72 |
| 6. Other comprehensive income, net of tax | -872,689,691.70 | 1,031,033,373.40 |
| Other comprehensive income attributable to owners of the parent, net of tax | -316,035,390.55 | 213,213,163.68 |
| 6.1 Other comprehensive income that will not be reclassified to profit or loss | 4,027,539.13 | 29,979,003.92 |
| 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 the equity method | 4,027,539.13 | 29,979,003.92 |
| 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 be reclassified subsequently to profit or loss | -320,062,929.68 | 183,234,159.76 |
| 6.2.1 Other comprehensive income | -43,061,557.12 | 22,000,108.95 |
that can be reclassified to profit or lossunder the equity method
| 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 foreign currencies | -277,001,372.56 | 161,234,050.81 |
| 6.2.7 Other | ||
| Other comprehensive income attributable to minority interests, net of tax | -556,654,301.15 | 817,820,209.72 |
| 7. Total comprehensive income attributable to | 6,434,850,939.34 | 7,556,061,393.61 |
| 7.1 Shareholders of the parent | 3,420,077,975.69 | 3,362,531,124.17 |
| 7.2 Minority shareholders | 3,014,772,963.65 | 4,193,530,269.44 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 1.49 | 1.26 |
| 8.2 Diluted earnings per share | 1.49 | 1.26 |
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2024 | Q1~Q3 2023 |
| 1. Cash flows from operating activities: | ||
| Cash receipts from sales of goods and rendering of services | 11,866,894,984.48 | 10,821,599,360.59 |
| 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 | 45,834,166.56 | 53,168,698.78 |
| Other cash receipts relating to operating activities | 968,472,321.45 | 671,156,772.71 |
| Sub-total of cash inflows | 12,881,201,472.49 | 11,545,924,832.08 |
| Cash payments for goods purchased and services received | 3,239,514,370.35 | 3,360,018,179.32 |
| 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 | 2,555,276,771.81 | 2,747,791,602.38 |
| Payments of various types of taxes | 1,180,817,220.24 | 954,791,671.16 |
Other cash payments relating tooperating activities
| Other cash payments relating to operating activities | 505,434,167.23 | 593,482,521.59 |
| Sub-total of cash outflows | 7,481,042,529.63 | 7,656,083,974.45 |
| Net Cash Flows from Operating Activities | 5,400,158,942.86 | 3,889,840,857.63 |
| 2. Cash flows from investing activities: | ||
| Cash receipts from disposals and recovery of investments | 18,169,723,017.67 | 19,747,976,106.55 |
| Cash receipts from investments income | 2,266,573,974.82 | 2,081,095,815.22 |
| Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets | 6,781,223.42 | 32,566,951.11 |
| Net cash receipts from disposal of subsidiaries and other operating units | 0.00 | 1,641,426,285.25 |
| Other cash receipts relating to investing activities | 16,265,719.24 | 3,174,261,589.34 |
| Sub-total of cash inflows | 20,459,343,935.15 | 26,677,326,747.47 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 1,267,417,530.70 | 977,977,871.68 |
| Cash payments to acquire investments | 17,330,609,480.14 | 22,362,654,969.50 |
| Net increase in pledged loans granted | ||
| Net cash payments for acquisitions of subsidiaries and other business units | 293,204,166.66 | 0.00 |
| Other cash payments relating to investing activities | 260,956,940.52 | 8,285,621.75 |
| Sub-total of cash outflows | 19,152,188,118.02 | 23,348,918,462.93 |
| Net cash flows from investing activities | 1,307,155,817.13 | 3,328,408,284.54 |
| 3. Cash flows from financing activities: | ||
| Cash receipts from capital contributions | 67,846,309.49 | 170,298,000.00 |
| Including: Cash receipts from capital contributions from Minority shareholder of subsidiary | 43,561,800.00 | 170,298,000.00 |
| Cash receipts from borrowings | 21,879,785,125.78 | 24,267,718,711.38 |
| Other cash receipts relating to financing activities | 48,811,913.01 | 332,582,769.65 |
| Sub-total of cash inflows | 21,996,443,348.28 | 24,770,599,481.03 |
| Cash repayments of borrowings | 24,131,659,774.08 | 25,878,888,874.93 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 4,712,496,174.26 | 4,402,919,196.68 |
| Including: Payments for distribution | 1,626,786,229.57 | 1,586,884,169.37 |
of dividends or profits to Minorityshareholder of subsidiary
| of dividends or profits to Minority shareholder of subsidiary | ||
| Other cash payments relating to financing activities | 344,306,811.06 | 951,492,124.48 |
| Sub-total of cash outflows | 29,188,462,759.40 | 31,233,300,196.09 |
| Net cash flows from financing activities | -7,192,019,411.12 | -6,462,700,715.06 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | -94,989,433.40 | 212,426,953.27 |
| 5. Net increase in cash and cash equivalents | -579,694,084.53 | 967,975,380.38 |
| Add: Opening balance of Cash and Cash Equivalents | 16,018,613,631.10 | 13,567,309,471.62 |
| 6. Closing balance of cash and cash equivalents | 15,438,919,546.57 | 14,535,284,852.00 |
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the FirstImplementation of the New Accounting Standards Implemented since 2024
□ Applicable √ Not applicable
(III) Independent Auditor’s ReportIndicate 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 Directors31 October 2024