CHINAMERCHANTS PORT GROUPCO., LTD.
ANNUALREPORT 2022
Date of disclosure: 4April 2023
CHAIRMAN’S STATEMENT
Dear shareholders,
Ihereby present to you the annual report of China Merchants Port Group Co., Ltd. and its subsidiaries
(the “Company”) for the year ended 31 December 2022. 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.
By integrating into the overall development of the country, implementing new development concepts
based on the new development stage and building a new development pattern, the Company will
strive to promote its high-qualitydevelopment and become a high-qualityworld-class comprehensive
port service provider. While cultivating new innovative 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, wewill provide customerswith moreeconomical, higher-quality,andmore
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 2022, the long-tail effect of "Black Swan" events such as the conflict between Russia and Ukraine
continued to affect countries around the world, geopolitical conflicts between regions intensified, a
new round of global inflation spread, and interest rates and exchange rates continued to fluctuate.
These uncertain factors continued to increase, which led to unstable and uneven development trend
of global economic recovery and also brought certain challenges to the daily operation and
management of enterprises. Facing the complex external environment, the Company actively
responded to various challenges, focused on keyareas of work, such as development of leading ports,
deepening reform, business expansion, technological innovation, comprehensive development, smart
operation, asset optimization, and ESG, and successfullyaccomplished its strategic goals and various
operational objectives of the year.
Financial performance: In 2022, the Company achieved operating income of RMB16.23 billion, up
by 6.19% year-on-year. The net profit attributable to the parent company was RMB3.34 billion, up
by 24.26% year-on-year. Deduction of non net profit attributable to the parent company was
RMB3.35 billion, up by 42.00% year-on-year. A number of business performances hit record highs.
Business performance: In terms of container business, the Company handled a total container
throughput of 145.948 million TEUs in 2022, up by 7.0% year-on-year, of which the container
throughput handled bymainland port projects was 105.174 million TEUs, up by 10.5% year-on-year,
which was better than the average growth level of national ports; In terms of bulk cargo business, the
Company handled a bulk cargo volume of 740 million tonnes in 2022, representing an increase of
20.6% year-on-year, mainlybecause 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,
bringing 8.172 million TEUs of containers and 150 million tonnes of bulk cargo increments in 2022.
In terms of key priorities, firstly, we achieved results in the construction of strong ports. The market
share of the West Shenzhen homebase port in the three ports in South China increased by 1.2
percentagepointsto19.1%,andtheSouthChinabulkcargooperationcenterwas established,opening
a new high-quality development pattern for bulk cargo in the West Shenzhen homebase port; the
regional influence of the overseas home port has increased, and revenue and net profit of CICT in Sri
Lanka hit new highs since the opening of the port, enhancingthe leadingposition of the ports in terms
of the market share. Secondly, we achieved fruitful results in the
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