Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2025-033
CHINA MERCHANTS PORT GROUP CO., LTD.THE REPORT FOR THE FIRST QUARTER OF 2025
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
| Q1 2025 | Q1 2024 | YoY change | |
| Total operating income (RMB) | 4,214,355,369.19 | 3,866,684,797.87 | 8.99% |
| Net profit attributable to shareholders of the Company (RMB) | 1,090,726,175.19 | 1,036,713,969.25 | 5.21% |
China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”)and all the members of the Company’s Board of Directors hereby guarantee that thecontents of this Report are factual, accurate and complete and free of anymisrepresentations, misleading statements or material omissions.
Net profit attributable toshareholders of the Companyafter deducting non-recurringgains and losses (RMB)
| Net profit attributable to shareholders of the Company after deducting non-recurring gains and losses (RMB) | 1,059,858,307.79 | 812,854,501.46 | 30.39% |
| Net cash inflow from operating activities (RMB) | 1,172,302,133.44 | 1,423,655,572.28 | -17.66% |
| Basic earnings per share (RMB/share) | 0.44 | 0.41 | 7.32% |
| Diluted earnings per share (RMB/share) | 0.44 | 0.41 | 7.32% |
| Weighted average return on equity (%) | 1.77% | 1.75% | 0.02% |
| 31 March 2025 | 31 December 2024 | Change | |
| Total assets (RMB) | 204,263,241,996.94 | 201,517,851,881.45 | 1.36% |
| Equity attributable to shareholders of the Company (RMB) | 62,600,706,274.37 | 61,502,739,842.96 | 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) | 2,501,384,781 |
Diluted earnings per share based on the latest total share capital above:
| Diluted earnings per share based on the latest total share capital above (RMB/share) | 0.4360 |
(II) Non-recurring gains and Losses
Unit: RMB
| Item | Q1 2025 | Note |
| Gains or losses on disposal of non-current assets, including those charged off for which provision for impairment of assets has been made | 16,931,453.01 | - |
| Government grants recognized in profit or loss (other than grants which are closely related to the Company's business, in line with the national regulations, enjoyed under established standards and have a continuous impact on the Company's profit or loss) | 1,021,137.89 | - |
| Gains or losses from changes in fair value of financial assets and financial liabilities held by non-financial enterprises other than effective hedging operation relating to the Company's normal operations, and gains or losses from disposal of financial assets and financial liabilities | 25,722,300.49 | - |
| Income earned from lending funds to non-financial institutions and recognized in profit or loss | 22,961,290.08 | - |
| Reversal of provision for accounts receivable that are tested for | 6,093,875.03 | - |
impairment individually
| impairment individually | ||
| Other non-operating income or expenses other than above | 1,974,669.42 | - |
| Less: Income tax effects | 11,700,872.33 | - |
| Effects of non-controlling interests (after tax) | 32,135,986.19 | - |
| Total | 30,867,867.40 | -- |
Other items that meet the definition of exceptional gain/loss:
□ Applicable √ Not applicable
No such cases.Explanation of the situation where the non-recurring gains and losses items listed in Interpretative AnnouncementNo. 1 of Companies Issuing Publicly Traded Securities - Non-Recurring Gains and Losses are defined as recurringgains and losses 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 2025 | 31 December 2024 | Change | Explanation of changes |
| Financial assets held for trading | 8,461,955,103.18 | 5,685,135,472.01 | 48.84% | Mainly due to increase of the net balance of structured deposits |
| Accounts receivable | 1,987,365,269.32 | 1,193,408,383.78 | 66.53% | Mainly due to the cyclical influence of payment collection |
| Other receivables | 777,669,208.86 | 1,166,499,343.90 | -33.33% | Mainly due to receipt of dividends from investees |
| Treasury shares | 218,204,634.17 | 50,559,789.14 | 331.58% | Mainly due to increase in repurchased shares |
| Income statement items | Q1 2025 | Q1 2024 | Change | Explanation of changes |
| Gains from changes in fair value | 11,616,449.31 | 147,051,320.93 | -92.10% | Mainly due to decreased gains from changes in the fair value of other non-current financial assets held in the current period |
| Reversal of credit impairment | 5,383,101.47 | 317,386,566.39 | -98.30% | Mainly because a subsidiary received an operating compensation from its minority shareholders in the same period of last year, and the |
relevant impairmentprovision established in theprior period was reversed,while there were nocomparable matters in thecurrent period
| relevant impairment provision established in the prior period was reversed, while there were no comparable matters in the current period | ||||
| Cash flow statement items | Q1 2025 | Q1 2024 | Change | Explanation of changes |
| Payment for other operating activities | 282,954,748.90 | 183,965,871.12 | 53.81% | Mainly because subsidiaries paid sea area usage fees on behalf of others in the current period |
| Proceeds from disposal of investments | 8,540,000,000.00 | 5,080,000,000.00 | 68.11% | Mainly due to increased redemption of structured deposits upon maturity |
| Investment returns received | 794,287,190.17 | 422,126,527.10 | 88.16% | Mainly due to increased dividend income from joint ventures and associates in the current period |
| Payment for acquisition of fixed assets, intangible assets and other long-term assets | 574,353,180.71 | 372,944,173.58 | 54.01% | Mainly due to increased purchase of fixed assets |
| Payment for acquisition of investments | 11,383,606,292.72 | 4,640,000,000.00 | 145.34% | Mainly due to increased purchase of structured deposits |
| Repayments of borrowings | 3,570,274,776.80 | 5,453,578,743.45 | -34.53% | Mainly due to decreased repayments of borrowings that were due in the current period |
| Payment for other financing activities | 189,188,006.31 | 132,219,744.39 | 43.09% | Mainly due to increased payments for share repurchases in the current period |
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 ordinaryshareholders
| Number of ordinary shareholders | 35,996 (25,724 A-shareholders, 10,272 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 | 45.92% | 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 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) | Fund and 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 | |
| HONG KONG SECURITIES CLEARING COMPANY LTD. | Foreign legal person | 0.24% | 6,011,643 | 0 | - | 0 | |
| THE CHINESE PEOPLE'S PROPERTY INSURANCE CO., LTD.－TRADITIONAL- GENERAL INSURANCE PRODUCT | Fund and wealth management products etc. | 0.20% | 5,072,521 | 0 | - | 0 | |
| ZOU YANMIN | Domestic natural person | 0.18% | 4,396,000 | 0 | - | 0 | |
| MORGAN STANLEY INVESTMENT MANAGEMENT | Foreign legal | 0.12% | 2,912,000 | 0 | - | 0 | |
COMPANY-MORGAN STANLEYCHINA A FUND
| COMPANY-MORGAN STANLEY CHINA A FUND | person | ||||
| 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 share | 370,878,000 | ||
| 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 | ||
| HONG KONG SECURITIES CLEARING COMPANY LTD | 6,011,643 | RMB ordinary share | 6,011,643 | ||
| THE CHINESE PEOPLE'S PROPERTY INSURANCE CO., LTD.－TRADITIONAL- GENERAL INSURANCE PRODUCT | 5,072,521 | RMB ordinary share | 5,072,521 | ||
| ZOU YANMIN | 4,396,000 | Domestically listed foreign share | 4,396,000 | ||
| MORGAN STANLEY INVESTMENT MANAGEMENT COMPANY-MORGAN STANLEY CHINA A FUND | 2,912,000 | RMB ordinary share | 2,912,000 | ||
| QIAN GUANGHAI | 2,768,000 | Domestically listed foreign share | 2,768,000 | ||
| Related or acting-in-concert parties among the shareholders above | 1. Broadford Global Limited is entrusted to manage the 74.66% shares of Rainbow Reflection Limited held by China Merchants Holdings (Hong Kong) Company Limited, and China Merchants Port Investment Development Company Limited is the wholly-owned subsidiary of Rainbow Reflection Limited. 2. Broadford Global Limited is the controlling shareholder of 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 involved in securities margin trading (if any) | N/A | ||||
Note: As of the end of the Reporting Period, among the top 10 shareholders of the Company, there was a "SpecialSecurities Account for Repurchased Shares of China Merchants Port Group Co., Ltd.". There were 11,155,474repurchased shares in the account, accounting for 0.45% of the Company's total share capital.5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancingshares lending
□ Applicable √ Not applicable
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 EventsTo effectively promote the enhancement of the listed company's investment value, increase investor returns, andprotect the legitimate rights and interests of the Company, investors, and other stakeholders, the Company activelyresponds to and implements regulatory requirements. Based on the Company’s specific situation, a valuationenhancement plan has been developed. The Company will focus on improving the quality of the listed company,enhancing operational efficiency and profitability, and legally and compliantly using methods such as sharerepurchases and cash dividends to promote the increase of the Company’s investment value.In accordance with relevant provisions such as the Company Law of the People's Republic of China, the SecuritiesLaw of the People's Republic of China, the Several Opinions of the State Council on Strengthening Supervision,Preventing Risks, and Promoting the High-Quality Development of the Capital Market, the AdministrativeMeasures for Information Disclosure of Listed Companies, the Guidance No. 10 on Market Value Managementfor Listed Companies, the Articles of Association, etc., the Company held the First Extraordinary Meeting of the11th Board of Directors in 2025 on 27 February 2025, and passed the proposal on the Valuation EnhancementPlan. For specific details, please refer to the Valuation Enhancement Plan disclosed on www.cninfo.com.cn on 28February 2025 (Announcement No.: 2025-007).
IV Quarterly Financial Statements(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by China Merchants Port Group Co., Ltd.
31 March 2025
Unit: RMB
| Item | 31 March 2025 | 1 January 2025 |
| Current assets: | ||
| Cash and bank balances | 14,806,669,856.63 | 16,630,400,701.13 |
| Settlement reserve | ||
| Interbank loans granted | ||
| Financial assets held for trading | 8,461,955,103.18 | 5,685,135,472.01 |
| Derivative financial assets | ||
| Bills receivable | 197,333,215.20 | 270,127,883.63 |
| Accounts receivable | 1,987,365,269.32 | 1,193,408,383.78 |
| Receivables under financing | ||
| Prepayments | 74,667,782.50 | 59,177,117.22 |
| Premiums receivable | ||
| Reinsurance receivables | ||
| Receivable reinsurance contract reserve | ||
| Other receivables | 777,669,208.86 | 1,166,499,343.90 |
| Including: Interest receivable | ||
| Dividend receivable | 203,940,612.52 | 554,387,723.94 |
| Purchased and resold financial assets | ||
| Inventories | 288,334,578.47 | 269,958,020.34 |
| Including: Data resource | ||
| Contract assets | ||
| Assets held for sale | ||
| Non-current assets due within one year | 35,007,241.85 | 34,997,992.08 |
| Other current assets | 222,788,244.74 | 251,697,812.77 |
| Total current assets | 26,851,790,500.75 | 25,561,402,726.86 |
| Non-current assets: | ||
| Loans and advances to customers | ||
| Investments in debt obligations | ||
| Investments in other debt obligations |
Long-term receivables
| Long-term receivables | 3,811,065,261.72 | 3,777,373,574.70 |
| Long-term equity investments | 100,949,575,170.07 | 100,018,029,894.96 |
| Investments in other equity instruments | 139,451,887.05 | 139,451,887.05 |
| Other non-current financial assets | 28,524,600.31 | 28,524,600.31 |
| Investment properties | 3,256,776,476.42 | 3,288,690,070.60 |
| Fixed assets | 30,390,452,143.64 | 30,689,217,791.45 |
| Construction in progress | 3,511,967,476.09 | 3,311,109,996.59 |
| Productive living assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 8,982,547,605.04 | 8,957,352,063.54 |
| Intangible assets | 17,524,450,088.64 | 17,335,082,422.84 |
| Including: Data resource | 6,091,745.32 | 6,251,120.27 |
| Development costs | 35,979,040.22 | 63,395,053.69 |
| Including: Data resource | ||
| Goodwill | 6,116,425,469.13 | 5,933,310,929.34 |
| Long-term prepaid expenses | 917,487,725.33 | 940,404,479.94 |
| Deferred tax assets | 368,079,660.07 | 365,481,207.77 |
| Other non-current assets | 1,378,668,892.46 | 1,109,025,181.81 |
| Total non-current assets | 177,411,451,496.19 | 175,956,449,154.59 |
| Total assets | 204,263,241,996.94 | 201,517,851,881.45 |
| Current liabilities: | ||
| Short-term borrowings | 10,848,619,498.30 | 12,791,242,141.69 |
| Borrowings from the central bank | ||
| Interbank loans obtained | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 1,536,194.00 | |
| Accounts payable | 638,204,483.44 | 785,830,532.33 |
| Advance payments received | 15,419,584.79 | 14,576,237.84 |
| Contract liabilities | 312,494,733.22 | 267,888,272.62 |
| 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 | 920,942,347.83 | 1,168,592,349.15 |
Taxes payable
| Taxes payable | 733,493,365.38 | 725,165,726.32 |
| Other payables | 1,939,916,208.16 | 1,923,980,312.98 |
| Including: Interest payable | ||
| Dividends payable | 146,385,736.99 | 132,334,744.28 |
| Handling charges and commissions payable | ||
| Reinsurance payables | ||
| Liabilities directly associated with assets held for sale | ||
| Non-current liabilities due within one year | 10,668,136,258.37 | 10,506,682,795.60 |
| Other current liabilities | 4,090,090,321.20 | 4,061,201,760.72 |
| Total current liabilities | 30,167,316,800.69 | 32,246,696,323.25 |
| Non-current liabilities: | ||
| Insurance contract reserve | ||
| Long-term borrowings | 15,576,449,507.77 | 15,582,593,255.65 |
| Bonds payable | 15,867,294,284.76 | 13,875,559,119.52 |
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liabilities | 1,496,994,783.99 | 1,387,206,990.51 |
| Long-term payables | 3,435,298,052.16 | 3,204,582,672.75 |
| Long-term employee benefits payable | 652,061,319.43 | 655,658,044.98 |
| Provisions | 165,818,602.26 | 159,435,795.50 |
| Deferred income | 1,256,350,270.84 | 1,268,975,316.61 |
| Deferred tax liabilities | 4,910,140,522.58 | 4,795,985,333.59 |
| Other non-current liabilities | 176,481,868.58 | 182,720,254.84 |
| Total non-current liabilities | 43,536,889,212.37 | 41,112,716,783.95 |
| Total liabilities | 73,704,206,013.06 | 73,359,413,107.20 |
| Shareholders' equity: | ||
| Share capital | 2,501,384,781.00 | 2,501,308,481.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 37,359,295,965.85 | 37,362,981,831.67 |
| Less: Treasury stock | 218,204,634.17 | 50,559,789.14 |
| Other comprehensive income | -1,391,291,892.17 | -1,558,381,237.45 |
| Specific reserve | 50,577,869.10 | 40,074,647.27 |
| Surplus reserves | 1,249,537,330.50 | 1,249,537,330.50 |
| General reserve |
Retained earnings
| Retained earnings | 23,049,406,854.26 | 21,957,778,579.11 |
| Total shareholders' equity attributable to shareholders of the Company | 62,600,706,274.37 | 61,502,739,842.96 |
| Non-controlling interests | 67,958,329,709.51 | 66,655,698,931.29 |
| Total shareholders' equity | 130,559,035,983.88 | 128,158,438,774.25 |
| Total liabilities and shareholders' equity | 204,263,241,996.94 | 201,517,851,881.45 |
Legal Representative: Xu SongChief Financial Officer: Huang ZhenzhouHead of Accounting Department: Liu Shixia
2. Consolidated Income Statement
Unit: RMB
| Item | Q1 2025 | Q1 2024 |
| 1. Total operating income | 4,214,355,369.19 | 3,866,684,797.87 |
| Including: Operating income | 4,214,355,369.19 | 3,866,684,797.87 |
| Interest income | ||
| Premium income | ||
| Handling charge and commission income | ||
| 2. Total operating costs | 3,189,038,065.34 | 3,245,856,053.42 |
| Including: Operating costs | 2,245,844,139.20 | 2,166,647,172.05 |
| 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 | 90,627,401.15 | 80,797,651.01 |
| Selling and distribution expenses | ||
| General and administrative expenses | 367,556,368.59 | 404,257,134.50 |
| Research and development expenses | 46,195,951.47 | 38,342,010.57 |
| Finance expenses | 438,814,204.93 | 555,812,085.29 |
| Including: Interest expense | 544,396,368.32 | 593,698,496.94 |
| Interest income | 97,076,599.76 | 107,481,452.37 |
| Add: Other income | 14,993,894.21 | 19,365,152.13 |
| Investment income (Loss is marked with "-") | 1,421,217,121.49 | 1,324,200,287.75 |
| Including: Income from investments in associates and joint ventures | 1,390,784,259.81 | 1,309,684,765.64 |
| 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 | 11,616,449.31 | 147,051,320.93 |
with "-" )
| with "-" ) | ||
| Reversal of credit impairment | 5,383,101.47 | 317,386,566.39 |
| Impairment losses (Loss is marked with "-" ) | ||
| Gains from assets disposals (Loss is marked with "-" ) | 581,588.58 | 569,564.20 |
| 3. Operating profit (Loss is marked with "-") | 2,479,109,458.91 | 2,429,401,635.85 |
| Add: Non-operating income | 7,563,676.87 | 6,269,913.85 |
| Less: Non-operating expenses | 5,566,153.52 | 5,611,201.34 |
| 4. Profit before income tax (Loss is marked with "-") | 2,481,106,982.26 | 2,430,060,348.36 |
| Less: Income tax expenses | 343,740,895.76 | 339,494,816.71 |
| 5. Net profit (Loss is marked with "-") | 2,137,366,086.50 | 2,090,565,531.65 |
| 5.1 Net profit classified by continuity of operations | ||
| 5.1.1 Net profit from continuing operation (Loss is marked with "-") | 2,137,366,086.50 | 2,090,565,531.65 |
| 5.1.2 Net profit from discontinued operation (Loss is marked with "-") | ||
| 5.2 Net profit classified by ownership | ||
| 5.2.1 Net profit attributable to shareholders of the Company | 1,090,726,175.19 | 1,036,713,969.25 |
| 5.2.2 Net profit attributable to non-controlling interests | 1,046,639,911.31 | 1,053,851,562.40 |
| 6. Other comprehensive income, net of tax | 470,386,805.58 | -295,783,519.94 |
| Other comprehensive income attributable to shareholders of the Company, net of tax | 167,089,345.28 | -118,098,265.76 |
| 6.1 Other comprehensive income that will not be reclassified to profit or loss | -4,571,653.52 | |
| 6.1.1 Remeasurement of defined benefit plan | -4,571,653.52 | |
| 6.1.2 Other comprehensive income recognised under the equity method | ||
| 6.1.3 Changes in fair value of investments in other equity instruments | ||
| 6.1.4 Changes in fair value of entity’s own credit risk | ||
| 6.1.5 Others | ||
| 6.2 Other comprehensive income that will be reclassified to profit or loss | 171,660,998.80 | -118,098,265.76 |
| 6.2.1 Other comprehensive income recognised | -1,208,564.98 |
under the equity method
| under the equity method | ||
| 6.2.2 Changes in fair value of other debt investments | ||
| 6.2.3 Amount of financial assets reclassified into other comprehensive income | ||
| 6.2.4 Credit losses of other debt investments | ||
| 6.2.5 Cash flow hedge reserve | ||
| 6.2.6 Translation differences arising from translation of foreign currency financial statements | 171,660,998.80 | -116,889,700.78 |
| 6.2.7 Others | ||
| Other comprehensive income (net of tax) attributable to non-controlling interests | 303,297,460.30 | -177,685,254.18 |
| 7. Total comprehensive income attributable to | 2,607,752,892.08 | 1,794,782,011.71 |
| Shareholders of the Company | 1,257,815,520.47 | 918,615,703.49 |
| Non-controlling interests | 1,349,937,371.61 | 876,166,308.22 |
| 8. Earnings per share | ||
| 8.1 Basic earnings per share | 0.44 | 0.41 |
| 8.2 Diluted earnings per share | 0.44 | 0.41 |
3. Consolidated Cash Flow Statement
Unit: RMB
| Item | Q1 2025 | Q1 2024 |
| 1. Cash flows from operating activities: | ||
| Proceeds from sales of goods and rendering of services | 3,684,477,861.56 | 3,424,449,441.43 |
| 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 | ||
| Refund of taxes | 21,188,158.05 | 10,772,630.44 |
| Proceeds from other operating activities | 428,603,311.74 | 610,116,372.00 |
| Sub-total of cash inflows | 4,134,269,331.35 | 4,045,338,443.87 |
| Payments for goods and services | 1,220,236,580.43 | 1,000,139,104.50 |
| 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 andcommissions paid
| Interest, handling charges and commissions paid | ||
| Policy dividends paid | ||
| Payment to and for employees | 1,140,462,905.40 | 1,082,136,285.55 |
| Payments of various taxes | 318,312,963.18 | 355,441,610.42 |
| Payment for other operating activities | 282,954,748.90 | 183,965,871.12 |
| Sub-total of cash outflows | 2,961,967,197.91 | 2,621,682,871.59 |
| Net cash flows from operating activities | 1,172,302,133.44 | 1,423,655,572.28 |
| 2. Cash flows from investing activities: | ||
| Proceeds from disposals of investments | 8,540,000,000.00 | 5,080,000,000.00 |
| Investment returns received | 794,287,190.17 | 422,126,527.10 |
| Net proceeds from disposal of fixed assets, intangible assets and other long-term assets | 51,104,425.10 | 2,873,657.67 |
| Net proceeds from disposal of subsidiaries and other operating units | ||
| Proceeds from other investing activities | ||
| Sub-total of cash inflows | 9,385,391,615.27 | 5,505,000,184.77 |
| Payments for acquisition of fixed assets, intangible assets and other long-term assets | 574,353,180.71 | 372,944,173.58 |
| Payments for acquisition of investments | 11,383,606,292.72 | 4,640,000,000.00 |
| Net increase in pledged loans granted | ||
| Net cash payments for acquisitions of subsidiaries and other business units | ||
| Payments for other investing activities | 2,079,654.20 | 2,731,881.29 |
| Sub-total of cash outflows | 11,960,039,127.63 | 5,015,676,054.87 |
| Net cash flows from investing activities | -2,574,647,512.36 | 489,324,129.90 |
| 3. Cash flows from financing activities: | ||
| Proceeds from investors | 3,332,285.00 | 6,077,019.70 |
| Including: Proceeds from non-controlling shareholders of subsidiaries | ||
| Proceeds from borrowings | 3,850,487,443.47 | 4,132,378,428.59 |
Proceeds from other financingactivities
| Proceeds from other financing activities | 378,149.55 | 40,225,272.74 |
| Sub-total of cash inflows | 3,854,197,878.02 | 4,178,680,721.03 |
| Repayments of borrowings | 3,570,274,776.80 | 5,453,578,743.45 |
| Payments for dividends, profits distributions or interest | 515,796,307.01 | 554,062,895.18 |
| Including: Dividends and profits paid to non-controlling shareholder of subsidiaries | 77,947,496.42 | 9,330,110.48 |
| Payments for other financing activities | 189,188,006.31 | 132,219,744.39 |
| Sub-total of cash outflows | 4,275,259,090.12 | 6,139,861,383.02 |
| Net cash flows from financing activities | -421,061,212.10 | -1,961,180,661.99 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | 41,731,404.51 | -11,751,226.58 |
| 5. Net increase in cash and cash equivalents | -1,781,675,186.51 | -59,952,186.39 |
| Add: Cash and cash equivalents at the beginning of the year | 16,521,877,509.77 | 16,018,613,631.10 |
| 6. Cash and cash equivalents at the end of the period | 14,740,202,323.26 | 15,958,661,444.71 |
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the FirstImplementation of the New Accounting Standards Implemented since 2025
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate 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.
30 April 2025