招港B：2023年第一季度报告(英文版)

http://ddx.gubit.cn 2023-04-29 招商港口(001872)公司公告

Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2023-038

CHINA MERCHANTS PORT GROUP CO., LTD.THE REPORT FOR THE FIRST QUARTER OF 2023

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. Wang Xiufeng, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer andHuang Shengchao, the person-in-charge of the accounting organ hereby guarantee that the financial statementscarried 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) andhttp://www.cninfo.com.cn have been designated by the Company for information disclosure. And all informationabout 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 ormisunderstandings 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: Changes to Accounting PoliciesOn 30 November 2022, the Ministry of Finance issued the Interpretation No. 16 for the Accounting Standards forBusiness Enterprises, according to which "the accounting treatments for deferred income tax relating to assets andliabilities arising from a single transaction that is not subject to the initial recognition exemption" is effective from1 January 2023. In accordance with the aforesaid regulations, the Company has implemented the Interpretation No.16 with effect from 1 January 2023.

	Q1 2023	Q1 2022		YoY change (%)
	Q1 2023	Original	Restated	YoY change (%)
Operating revenue (RMB)	3,693,584,257.97	4,020,203,113.25	4,020,203,113.25	-8.12%
Net profit attributable to the listed company’s shareholders (RMB)	850,039,606.18	859,493,121.60	859,730,734.43	-1.13%
Net profit attributable to the listed company’s shareholders before exceptional gains and losses (RMB)	724,465,592.72	838,801,864.90	839,039,477.73	-13.66%
Net cash generated from/used in operating activities (RMB)	699,050,929.84	999,264,265.35	999,264,265.35	-30.04%
Basic earnings per share (RMB/share)	0.34	0.45	0.45	-24.44%
Diluted earnings per share (RMB/share)	0.34	0.45	0.45	-24.44%
Weighted average return on equity (%)	1.55%	2.13%	2.12%	-0.57%
	31 March 2023	31 December 2022		Change (%)
	31 March 2023	Original	Restated	Change (%)
Total assets (RMB)	198,600,787,660.07	197,525,530,887.76	197,604,313,794.79	0.50%
Equity attributable to the listed company’s shareholders (RMB)	55,269,089,877.11	54,267,143,304.02	54,298,170,520.73	1.79%

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)

2,499,074,661

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)

0.3401

(II) Exceptional Gains and Losses

Unit: RMB

Item

Q1 2023

Note

Gain or loss on disposal of non-current assets (inclusive ofimpairment allowance write-offs)

Gain or loss on disposal of non-current assets (inclusive of impairment allowance write-offs)	-1,364,122.56	-
Government subsidies charged to current profit or loss (exclusive of government subsidies continually given in the Company’s ordinary course of business at fixed quotas or amounts as per the government’s policies and standards)	22,757,046.38	-
Capital occupation charges on non-financial enterprises that are charged to current profit or loss	54,840,916.11	-
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 available-for-sale financial assets (exclusive of the effective portion of hedges that arise in the Company’s ordinary course of business)	109,115,343.13	-
Reversed portions of impairment allowances for receivables which are tested individually for impairment	8,150,646.77	-
Non-operating income and expense other than the above	-3,575,218.52	-
Less: Income tax effects	37,706,922.19	-
Non-controlling interests effects (net of tax)	26,643,675.66	-
Total	125,574,013.46

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	31 March 2023	31 December 2022	Change (%)	Explanation of changes
Held-for-trading financial assets	4,459,125,415.79	2,998,781,599.63	48.70%	Mainly due to increased structured deposits
Notes receivable	246,712,652.99	36,395,000.00	577.88%	Mainly due to increased bank acceptance notes
Accounts receivable	1,685,727,787.00	1,276,149,689.44	32.09%	Mainly due to impacts of the payment collection periods
Receivables financing	-	163,766,913.10	-100.00%	Mainly due to impacts of discounted bank

acceptance notes andpayment collection uponmaturity

				acceptance notes and payment collection upon maturity
Income statement items	Q1 2023	Q1 2022	Change (%)	Explanation of changes
Gains from changes in fair value	109,115,343.13	-28,601,507.19	481.50%	Mainly due to increased gains from changes in the fair value of held-for-trading financial assets
Cash flow statement items	Q1 2023	Q1 2022	Change (%)	Explanation of changes
Cash receipts from disposals and recovery of investments	4,687,000,000.00	16,908,644,162.50	-72.28%	Mainly due to decreased principals of structured deposits that were received
Cash payments to acquire investments	6,142,654,969.50	16,688,874,317.28	-63.19%	Mainly due to decreased principals of structured deposits that were purchased
Cash receipts from borrowings	3,525,239,878.65	9,466,988,902.00	-62.76%	Mainly due to decreased super-short-term commercial papers that were issued
Cash repayments of borrowings	3,402,675,379.90	6,229,427,431.03	-45.38%	Mainly due to decreased repayments of super-short-term commercial papers and bank loans

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	29,398 (18,191 A-shareholders, 11,207 B-shareholders)			Number of preferred shareholders with resumed voting rights (if any)			0
Top 10 shareholders
Name of shareholder		Nature of sharehold	Shareholding	Total shares held	Restricted shares held	Shares in pledge, marked or frozen

	er	percentage			Status	Shares
CHINA MERCHANTS PORT INVESTMENT DEVELOPMENT COMPANY LIMITED	Foreign legal person	45.96%	1,148,648,648	0	-	0
ZHEJIANG PROVINCIAL SEAPORT INVESTMENT & OPERATION GROUP CO., LTD.	State-owned legal person	23.08%	576,709,537	576,709,537	-	0
CHINA MERCHANTS GANGTONG DEVELOPMENT (SHENZHEN) CO., LTD.	State-owned legal person	14.84%	370,878,000	0	-	0
SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP)	Funds, wealth management products	2.59%	64,850,182	0	-	0
CHINA-AFRICA DEVELOPMENT FUND	State-owned legal person	2.57%	64,102,564	0	-	0
BROADFORD GLOBAL LIMITED	State-owned legal person	2.21%	55,314,208	0	-	Unknown
CHINA CITIC BANK CORPORATION LIMITED-BOCOM SCHRODERS NEW VITALITY DYNAMIC ASSET ALLOCATION MIXED SECURITIES INVESTMENT FUND	Funds, wealth management products	0.26%	6,430,236	0	-	Unknown
HONG KONG SECURITIES CLEARING COMPANY LTD.	Foreign legal person	0.12%	3,096,947	0	-	Unknown
ZHU HUI	Domestic natural person	0.12%	2,880,003	0	-	Unknown
CHINA MERCHANTS SECURITIES (HK) CO., LTD.	Foreign legal person	0.11%	2,648,138	0	-	Unknown
Top 10 unrestricted shareholders
Name of shareholder		Unrestricted shares held			Shares by type

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 share	370,878,000
SHENZHEN INFRASTRUCTURE INVESTMENT FUND-SHENZHEN INFRASTRUCTURE INVESTMENT FUND PARTNERSHIP (LIMITED PARTNERSHIP)		64,850,182	RMB ordinary share	64,850,182
CHINA-AFRICA DEVELOPMENT FUND		64,102,564	RMB ordinary share	64,102,564
BROADFORD GLOBAL LIMITED		55,314,208	Domestically listed foreign share	55,314,208
CHINA CITIC BANK CORPORATION LIMITED-BOCOM SCHRODERS NEW VITALITY DYNAMIC ASSET ALLOCATION MIXED SECURITIES INVESTMENT FUND		6,430,236	RMB ordinary share	6,430,236
HONG KONG SECURITIES CLEARING COMPANY LTD.		3,096,947	RMB ordinary share	3,096,947
ZHU HUI		2,880,003	RMB ordinary share	2,880,003
CHINA MERCHANTS SECURITIES (HK) CO., LTD.		2,648,138	Domestically listed foreign share	2,648,138
MAI SHUQING		1,874,947	RMB ordinary share	1,874,947
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)	N/A

(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable

III Other Significant Events

□ Applicable √ Not applicable

IV Quarterly Financial Statements(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by China Merchants Port Group Co., Ltd.

31 March 2023

Unit: RMB

Item	31 March 2023	1 January 2023
Current assets:
Cash and bank balances	12,303,314,799.46	13,615,928,739.40
Settlement reserve
Interbank loans granted
Held-for-trading financial assets	4,459,125,415.79	2,998,781,599.63
Derivative financial assets
Notes receivable	246,712,652.99	36,395,000.00
Accounts receivable	1,685,727,787.00	1,276,149,689.44
Receivables financing		163,766,913.10
Prepayments	70,427,025.03	63,627,425.42
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables	1,170,056,768.49	948,842,094.30
Including: Interest receivable
Dividend receivable	609,209,224.04	416,040,485.62
Financial assets purchased under resale agreements
Inventories	242,994,121.36	225,122,821.48
Contract assets
Assets held for sale
Non-current assets due within one year	850,911,074.16	902,225,293.93
Other current assets	193,385,491.31	185,903,140.53
Total current assets	21,222,655,135.59	20,416,742,717.23
Non-current assets:
Loans and advances to customers

Investments in debt obligations

Investments in debt obligations
Investments in other debt obligations
Long-term receivables	5,617,429,169.49	5,661,327,499.07
Long-term equity investments	93,142,161,218.98	92,364,293,919.05
Investments in other equity instruments	171,945,275.02	171,945,275.02
Other non-current financial assets	1,825,784,236.41	1,745,740,896.41
Investment properties	5,078,723,082.96	5,123,690,119.56
Fixed assets	31,672,908,906.91	32,033,326,083.50
Construction in progress	2,464,228,985.85	2,413,844,407.64
Productive living assets
Oil and gas assets
Right-of-use assets	9,173,095,661.96	9,342,642,222.33
Intangible assets	19,183,419,167.08	19,277,065,115.61
Development expenditure	13,120,478.53	17,412,196.16
Goodwill	6,448,739,235.22	6,411,426,891.09
Long-term prepaid expenses	968,960,172.05	986,356,904.90
Deferred tax assets	433,911,215.96	451,710,168.43
Other non-current assets	1,183,705,718.06	1,186,789,378.79
Total non-current assets	177,378,132,524.48	177,187,571,077.56
Total assets	198,600,787,660.07	197,604,313,794.79
Current liabilities:
Short-term borrowings	6,457,871,100.32	7,164,338,366.18
Borrowings from the central bank
Interbank loans obtained
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable	659,724,322.27	811,149,397.66
Receipts in advance	13,518,159.74	9,886,531.59
Contract liabilities	133,240,712.79	141,899,551.03
Financial assets sold under repurchase agreements
Customer deposits and interbank deposits

Payables for acting trading ofsecurities

Payables for acting trading of securities
Payables for underwriting of securities
Employee benefits payable	590,230,462.57	936,834,718.13
Taxes payable	957,160,598.91	917,933,169.09
Other payables	1,875,936,638.82	1,755,885,258.26
Including: Interest payable
Dividends payable	275,643,677.79	92,374,921.29
Handling charges and commissions payable
Reinsurance payables
Liabilities directly associated with assets held for sale
Non-current liabilities due within one year	11,363,621,116.77	11,641,223,688.95
Other current liabilities	3,153,298,331.94	3,161,147,525.96
Total current liabilities	25,204,601,444.13	26,540,298,206.85
Non-current liabilities:
Insurance contract reserve
Long-term borrowings	13,331,788,460.38	12,390,099,177.85
Bonds payable	18,948,133,988.72	19,088,293,099.02
Including: Preferred shares
Perpetual bonds
Lease liabilities	900,685,688.08	948,350,914.04
Long-term payables	3,605,970,588.10	3,551,315,590.31
Long-term employee benefits payable	630,909,242.99	639,095,931.43
Provisions	40,845,351.20	35,365,156.43
Deferred income	1,028,327,499.02	1,031,273,189.74
Deferred tax liabilities	4,933,657,960.25	4,855,047,609.59
Other non-current liabilities	178,359,757.34	186,383,117.00
Total non-current liabilities	43,598,678,536.08	42,725,223,785.41
Total liabilities	68,803,279,980.21	69,265,521,992.26
Shareholders' equity:
Share capital	2,499,074,661.00	2,499,074,661.00
Other equity instruments
Including: Preferred shares

Perpetual bonds

Perpetual bonds
Capital reserve	34,846,694,340.27	34,751,640,835.25
Less: Treasury stock
Other comprehensive income	-673,519,217.07	-689,026,445.74
Special reserve	36,677,276.48	26,358,259.97
Surplus reserves	1,001,917,449.15	1,001,917,449.15
General reserve
Unappropriated profit	17,558,245,367.28	16,708,205,761.10
Total shareholders' equity attributable to shareholders of the parent	55,269,089,877.11	54,298,170,520.73
Minority interests	74,528,417,802.75	74,040,621,281.80
Total shareholders' equity	129,797,507,679.86	128,338,791,802.53
Total liabilities and shareholders' equity	198,600,787,660.07	197,604,313,794.79

Legal Representative: Wang XiufengChief Financial Officer: Tu XiaopingHead of Accounting Department: Huang Shengchao

2. Consolidated income statement for Q1

Unit: RMB

Item	Q1 2023	Q1 2022
1. Operating income	3,693,584,257.97	4,020,203,113.25
Including: Operating income	3,693,584,257.97	4,020,203,113.25
Interest income
Premium income
Handling charge and commission income
2. Costs and expenses	3,256,430,499.35	3,257,382,937.14
Including: Operating costs	2,166,281,506.75	2,257,298,794.24
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	67,797,717.75	70,163,530.02
Selling expense
Administrative expenses	390,562,146.01	392,572,623.71
Research and development expenses	69,022,878.81	52,342,387.05
Finance expenses	562,766,250.03	485,005,602.12
Including: Interest expense	556,633,136.12	557,552,810.49
Interest income	118,478,939.42	95,418,037.96
Add: Other income	30,192,445.16	37,313,921.78
Investment income (Loss is marked with "-")	1,510,612,568.31	1,700,408,075.14
Including: Income from investments in associates and joint ventures	1,496,344,186.35	1,632,844,747.42
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 (Loss is marked	109,115,343.13	-28,601,507.19

with "-" )

with "-" )
Gains from impairment of credit (Loss is marked with "-" )	8,422,477.29	-592,423.11
Gains from impairment of assets (Loss is marked with "-" )
Gains on disposal of assets (Loss is marked with "-" )	-180,393.80	-212,878.09
3. Operating profit (Loss is marked with "-")	2,095,316,198.71	2,471,135,364.64
Add: Non-operating income	10,147,277.67	5,208,084.73
Less: Non-operating expenses	14,882,144.37	3,571,426.77
4. Gross profit (Loss is marked with "-")	2,090,581,332.01	2,472,772,022.60
Less: Income tax expenses	286,862,164.52	303,858,270.29
5. Net profit (Loss is marked with "-")	1,803,719,167.49	2,168,913,752.31
5.1 Categorization by continuity of operation
5.1.1 Net profit from continuing operation (Loss is marked with "-")	1,803,719,167.49	2,168,913,752.31
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 of the parent	850,039,606.18	859,730,734.43
5.2.2 Profit or loss attributable to minority shareholders	953,679,561.31	1,309,183,017.88
6. Other comprehensive income, net of tax	-37,702,507.44	667,635,517.56
Other comprehensive income attributable to owners of the parent, net of tax	15,507,228.67	412,712,444.14
6.1 Other comprehensive income that will not be reclassified to profit or loss	277,536.18	-101,330.09
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	277,536.18
6.1.3 Fair value changes of investments in other equity instruments		-101,330.09
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	15,229,692.49	412,813,774.23

6.2.1 Other comprehensive income that can be

reclassified to profit or loss under the equity method

6.2.1 Other comprehensive income that can be reclassified to profit or loss under the equity method	6,647,720.36	6,527,928.11
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	8,581,972.13	406,285,846.12
6.2.7 Other
Other comprehensive income attributable to minority interests, net of tax	-53,209,736.11	254,923,073.42
7. Total comprehensive income attributable to	1,766,016,660.05	2,836,549,269.87
Shareholders of the parent	865,546,834.85	1,272,443,178.57
Minority shareholders	900,469,825.20	1,564,106,091.30
8. Earnings per share
8.1 Basic earnings per share	0.34	0.45
8.2 Diluted earnings per share	0.34	0.45

3. Consolidated Cash Flow Statement for Q1

Unit: RMB

Item	Q1 2023	Q1 2022
1. Cash flows from operating activities:
Cash receipts from sales of goods and rendering of services	3,194,833,274.62	3,599,371,273.07
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	929,828.08	1,001,300.35
Other cash receipts relating to operating activities	220,128,477.02	244,231,744.88
Sub-total of cash inflows	3,415,891,579.72	3,844,604,318.30
Cash payments for goods purchased and services received	1,032,226,057.61	1,122,144,087.79
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

Net increase in interbank loans granted
Interest, handling charges and commissions paid
Policy dividends paid
Cash payments to and on behalf of employees	1,218,416,516.71	1,130,909,192.25
Payments of various types of taxes	261,077,771.59	391,860,341.00
Other cash payments relating to operating activities	205,120,303.97	200,426,431.91
Sub-total of cash outflows	2,716,840,649.88	2,845,340,052.95
Net Cash Flows from Operating Activities	699,050,929.84	999,264,265.35
2. Cash flows from investing activities:
Cash receipts from disposals and recovery of investments	4,687,000,000.00	16,908,644,162.50
Cash receipts from investments income	291,354,548.85	90,541,536.09
Net cash receipts from disposal of fixed assets, intangible assets and other long-term assets	831,486.80	56,999.00
Net cash receipts from disposal of subsidiaries and other operating units
Other cash receipts relating to investing activities	86,434,571.88	92,386,492.18
Sub-total of cash inflows	5,065,620,607.53	17,091,629,189.77
Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets	309,707,402.32	542,182,983.32
Cash payments to acquire investments	6,142,654,969.50	16,688,874,317.28
Net increase in pledged loans granted
Net cash payments for acquisitions of subsidiaries and other business units
Other cash payments relating to investing activities	479,015.65	9,373,443.62
Sub-total of cash outflows	6,452,841,387.47	17,240,430,744.22
Net cash flows from investing activities	-1,387,220,779.94	-148,801,554.45
3. Cash flows from financing activities:

Cash receipts from capitalcontributions

Cash receipts from capital contributions
Including: Cash receipts from capital contributions from Minority shareholder of subsidiary
Cash receipts from borrowings	3,525,239,878.65	9,466,988,902.00
Other cash receipts relating to financing activities	87,673.99
Sub-total of cash inflows	3,525,327,552.64	9,466,988,902.00
Cash repayments of borrowings	3,402,675,379.90	6,229,427,431.03
Cash payments for distribution of dividends or profits or settlement of interest expenses	560,837,707.69	484,875,519.45
Including: Payments for distribution of dividends or profits to Minority shareholder of subsidiary	37,092,850.00	2,881,000.00
Other cash payments relating to financing activities	159,647,710.20	57,936,905.74
Sub-total of cash outflows	4,123,160,797.79	6,772,239,856.22
Net cash flows from financing activities	-597,833,245.15	2,694,749,045.78
4. Effect of foreign exchange rate changes on cash and cash equivalents	-15,139,218.75	-25,315,406.26
5. Net increase in cash and cash equivalents	-1,301,142,314.00	3,519,896,350.42
Add: Opening balance of Cash and Cash Equivalents	13,567,309,471.62	12,727,355,238.36
6. Closing balance of cash and cash equivalents	12,266,167,157.62	16,247,251,588.78

4. Retrospectively Restated Impact of Changes in Accounting PoliciesOn 30 November 2022, the Ministry of Finance issued the Interpretation No. 16 for the Accounting Standards forBusiness Enterprises, according to which "the accounting treatments for deferred income tax relating to assets andliabilities arising from a single transaction that is not subject to the initial recognition exemption" is effective from1 January 2023. In accordance with the aforesaid regulations, the Company has implemented the Interpretation No.16 with effect from 1 January 2023. The specific impact of the implementation interpretation on the financialstatements of the Company in 2022 is as follows:

Unit: RMB

Report Item	Original	Retrospectively Restated Amount	Restated (Unaudited)
Report Item	31 December 2022	Retrospectively Restated Amount	1 January 2023
Assets：
Deferred tax assets	372,927,261.40	78,782,907.03	451,710,168.43
liabilities：
Deferred tax liabilities	4,853,271,307.86	1,776,301.73	4,855,047,609.59
Shareholders' equity：
Other comprehensive income	-691,536,248.44	2,509,802.70	-689,026,445.74
Unappropriated profit	16,679,688,347.09	28,517,414.01	16,708,205,761.10
Total shareholders' equity attributable to shareholders of the parent	54,267,143,304.02	31,027,216.71	54,298,170,520.73
Minority interests	73,994,641,893.21	45,979,388.59	74,040,621,281.80
Report Item	Original	Retrospectively Restated Amount	Restated (Unaudited)
Report Item	Q1 2022	Retrospectively Restated Amount	Q1 2022
Profit or loss：
Income tax expenses	304,563,099.35	-704,829.06	303,858,270.29
Net profit	2,168,208,923.25	704,829.06	2,168,913,752.31
Net profit attributable to owners of the parent	859,493,121.60	237,612.83	859,730,734.43
Profit or loss attributable to minority shareholders	1,308,715,801.65	467,216.23	1,309,183,017.88

(II) 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.

The Board of DirectorsChina Merchants Port Group Co., Ltd.

29 April 2023

附件：公告原文