招港B:2024年年度报告(英文版)

CHINA MERCHANTS PORT GROUP CO., LTD.
ANNUAL REPORT 2024
Date of disclosure: 3April 2025

Chairman’s Statement
Dear Shareholders,
I hereby present to you the annual report of China Merchants Port Group Co., Ltd. and its
subsidiaries (the Company or CMPort) for the year ended 31 December 2024. On behalf of the
Board of Directors, I would like to extend our hearfelt gratitude to all sharehoders for your enduring
support to the Company.
As the core enterprise within the transportation and logistics sector of China Merchants Group and a
key enabler of its mission to build a "world-class enterprise," the Company has invested in and
operates 51 ports across 26 countries and regions. We play an active role in ensuring the smooth
operation of international and domestic logistics supply chains and have established ourselves as a
global leader in port investment, development, and operation.
By implementing new development concepts based on the new development stage and building a
new development pattern, CMPort will strive to promote its high-quality development and become
a “world-leading port service provider”. While cultivating 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, we will provide customers with more economical,
higher-quality, and more 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 2024, though the development of the global economy showed resilience with steady economic
growth, global economic recovery experienced pressure from intensifying geopolitical situation,
rising trade protectionism and more rapid increase in global debt size. In the context of significant
regional differences in global economic growth, the developed economies continued to diverge
from emerging markets in terms of performance with relatively weak anticipated growth. The rising
uncertainties brought challenges regarding enterprise daily operation and management. In the face
of the complicated external environment, the Company has taken “high-quality development” as the
main line and “Global Presence”, “Lean Management” and “Innovative Transformation” as the
drivers to consolidate its fundamental feature of homebase ports with effective implementation of
lean management. It has been breaking new grounds adopting collaborative innovation and upgrade
of digital intelligence in contribution to full achievement of all efficiency targets.
Financial performance: In 2024, the Company achieved an operating income of RMB16,131 million,
up by 2.41% year-on-year. The net profit attributable to the listed company’s shareholders reached
RMB4,516 million, up by 26.44% year-on-year.
Business performance: In terms of container business, the Company handled a total container
throughput of 195.16 million TEUs in 2024, an increase of 8.3% year-on-year. Looking into the
regional performance, Mainland China contributed an aggregate container throughput of 152.30
million TEUs, representing a year-on-year increase of 8.5%; Hong Kong and Taiwan, China,
handled 6.023 million TEUs, representing a year-on-year increase of 3.4%; and overseas operations
delivered a container throughput of 36.84million TEUs, up by 8.1% year-on year. In terms of bulk
cargo business, the Company handled a bulk cargo volume of 1,262 million tonnes in 2024,
representing an increase of 0.6% year-on-year.
In terms of key priorities: Firstly, the homeport business improved constantly. In 2024 container
throughput of the West Shenzhen Port Zone and CICT in Sri Lanka both achieved record highs with
steady improvement in operational indicators, achieving milestone results in the progress of
building world’s leading ports. Secondly, the overseas expansion of China Merchants Port, the
Company’s holding subsidiary, has also been solidly promoted, as the completion of the acquisition
of 51% equity interest in NPH in Indonesia, the first step in Indonesia market to further expand the
layout in Southeast Asia. As the overseas existing projects have shown positive developments in
multiple aspects, business volume of the overseas controlling terminals, CICT, TCP and LCT, in Sri
Lanka, Brazil and Togo, respectively, hit record highs, underscoring the Company’s strengths in
global presence and internationalized operations. Thirdly, the performance of lean management is
remarkable. I