China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2026-020
CHINA MERCHANTS PORT GROUP CO., LTD.
THE REPORT FOR THE FIRST QUARTER OF 2026
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 the
contents of this Report are factual, accurate and complete and free of any
misrepresentations, misleading statements or material omissions.
Important Notes:
guarantee the factuality, accuracy and completeness of the contents of this Report, and shall be jointly and
severally liable for any misrepresentations, misleading statements or material omissions therein.
Liu Shixia, the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in
this Report are factual, accurate and complete.
□Yes √ No
designated by the Company for information disclosure. And all information about 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 or
misunderstandings 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
Q1 2026 Q1 2025 YoY change
Total operating income (RMB) 4,407,582,949.96 4,214,355,369.19 4.58%
Net profit attributable to
shareholders of the Company 1,131,939,432.33 1,090,726,175.19 3.78%
(RMB)
Net profit attributable to
shareholders of the Company 1,090,669,980.44 1,059,858,307.79 2.91%
after deducting non-recurring
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
profit or loss (RMB)
Net cash inflow from
operating activities (RMB)
Basic earnings per share
(RMB/share)
Diluted earnings per share
(RMB/share)
Weighted average return on
equity
Total assets (RMB) 205,110,704,568.01 205,014,697,494.68 0.05%
Equity attributable to
shareholders of the Company 65,605,568,538.55 64,365,829,932.20 1.93%
(RMB)
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)
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)
(II) Non-recurring profit or loss
Unit: RMB
Item Q1 2026 Note
Gains or losses on disposal of non-current assets, including those
charged off for which provision for impairment of assets has 3,518,065.17 -
been made
Government grants recognised 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)
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 31,829,623.09 -
operations, and gains or losses from disposal of financial assets
and financial liabilities
Income earned from lending funds to non-financial institutions
and recognised in profit or loss
Other non-operating income or expenses other than above -163,905.62 -
Less: Income tax effects 11,482,449.15 -
Effects of non-controlling interests (after tax) 32,393,146.78 -
Total 41,269,451.89 --
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
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 Announcement
No. 1 of Companies Issuing Publicly Traded Securities - Non-Recurring Gains and Losses are classified as
recurring gains and losses items:
□ Applicable √ Not applicable
The Company did not classify any gain or loss item listed in Interpretative Announcement No. 1 of Companies
Issuing Publicly Traded Securities - Non-Recurring Gains and Losses as a recurring gain or loss item.
(III) Changes in Key Financial Statement Line Items and Their Explanation
Unit: RMB
Explanation of
Balance sheet items 31 March 2026 31 December 2025 Change
changes
Mainly due to the
Accounts receivable 2,133,113,071.44 1,297,166,857.70 64.44% cyclical influence of
payment collection
Mainly due to receipt
Other receivables 666,621,068.12 1,012,655,278.64 -34.17% of dividends from
investees
Mainly due to the
Other current assets 274,551,507.83 158,947,975.17 72.73% increase in prepaid
income tax
Mainly due to the
Non-current liabilities
due within one year
due within one year
Explanation of
Income statement items Q1 2026 Q1 2025 Change
changes
Mainly due to the
increase in
Other income 38,362,454.75 14,993,894.21 155.85%
government grants
received
Cash flow statement Explanation of
Q1 2026 Q1 2025 Change
items changes
Mainly because
subsidiaries, on behalf
Proceeds from other of the competent
operating activities authorities, collected
marine area usage fees
from their clients in
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
the prior period
Mainly due to the
Payment of various increase in prepaid
taxes taxes in the current
period
Mainly because
subsidiaries, on behalf
of their clients, paid
Payment for other
operating activities
to the competent
authorities in the prior
period
Mainly due to the
Proceeds from disposal increased redemption
of investments of structured deposits
upon maturity
Mainly due to the
Payment for acquisition increased purchase of
of investments structured deposits in
the current period
Mainly due to the
Proceeds from decrease in borrowings
borrowings obtained in the current
period
II Use of Raised Funds
□ Applicable √ Not applicable
No such cases in the Reporting Period.
III Shareholder Information
(I) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting
Rights as well as Holdings of Top 10 Shareholders
Unit: share
Number of ordinary Number of preferred shareholders with resumed
(17,534 A-shareholders 0
shareholders at the period-end voting rights at the period-end (if any)
and 9,711 B-shareholders)
Top 10 shareholders (exclusive of shares lent in refinancing)
Nature of Shareh Total shares Restricted Shares in pledge, marked or
Name of shareholder
shareholder olding held shares held frozen
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
percent
Status Shares
age
China Merchants Port Investment Overseas
Development Company Limited legal person
Zhejiang Provincial Seaport
State-owned
Investment & Operation Group Co., 23.24% 576,709,537 0 - 0
legal person
Ltd.
China Merchants Gangtong State-owned
Development (Shenzhen) Co., Ltd. legal person
Shenzhen Infrastructure Investment Fund and
Fund-Shenzhen Infrastructure wealth
Investment Fund Partnership management
(Limited Partnership) products etc.
State-owned
Broadford Global Limited 2.23% 55,314,208 0 - 0
legal person
State-owned
China-Africa Development Fund 0.63% 15,610,368 0 - 0
legal person
Hong Kong Securities Clearing Overseas
Company Ltd. legal person
Domestic
Zou Yanmin natural 0.32% 7,981,028 0 - 0
person
Domestic
Li Runrong natural 0.24% 6,017,675 0 - 0
person
Monetary Authority of Macao－Own Overseas
Funds legal person
Top 10 unrestricted shareholders
Shares by type
Name of shareholder Unrestricted shares held
Type Shares
China Merchants Port Investment Development RMB ordinary
Company Limited share
Zhejiang Provincial Seaport Investment & Operation RMB ordinary
Group Co., Ltd. share
China Merchants Gangtong Development RMB ordinary
(Shenzhen) Co., Ltd. share
Shenzhen Infrastructure Investment Fund-Shenzhen
RMB ordinary
Infrastructure Investment Fund Partnership (Limited 64,850,182 64,850,182
share
Partnership)
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Domestically
Broadford Global Limited 55,314,208 listed overseas 55,314,208
share
RMB ordinary
China-Africa Development Fund 15,610,368 15,610,368
share
RMB ordinary
Hong Kong Securities Clearing Company Ltd. 14,925,135 14,925,135
share
Domestically
Zou Yanmin 7,981,028 listed overseas 7,981,028
share
RMB ordinary
Li Runrong 6,017,675 6,017,675
share
RMB ordinary
Monetary Authority of Macao－Own Funds 5,959,759 5,959,759
share
Limited held by China Merchants Holdings (Hong Kong) Company Limited, and China
Merchants Port Investment Development Company Limited is the wholly-owned subsidiary of
Related or acting-in-concert parties Rainbow Reflection Limited.
among the shareholders above 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
N/A
securities margin trading (if any)
shares lending
□ Applicable √ Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
compared with the prior period
□ Applicable √ Not applicable
(II) Number of Preferred Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
IV Other Significant Events
□ Applicable √ Not applicable
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
V Quarterly Financial Statements
(I) Financial Statements
Prepared by China Merchants Port Group Co., Ltd.
Unit: RMB
Item 31 March 2026 1 January 2026
Current assets:
Cash and bank balances 14,909,569,111.17 15,374,846,360.79
Settlement reserve
Interbank loans granted
Financial assets held for trading 7,490,315,001.38 7,578,824,365.75
Derivative financial assets
Bills receivable 128,173,785.23 151,029,884.15
Accounts receivable 2,133,113,071.44 1,297,166,857.70
Receivables under financing 98,086,956.97 114,680,738.25
Prepayments 99,935,525.19 82,819,198.95
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 666,621,068.12 1,012,655,278.64
Including: Interest receivable
Dividends receivable 222,448,002.38 576,943,449.36
Purchased and resold financial assets
Inventories 293,328,363.02 307,216,425.15
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year 539,722.23
Other current assets 274,551,507.83 158,947,975.17
Total current assets 26,094,234,112.58 26,078,187,084.55
Non-current assets:
Loans and advances to customers
Investments in debt obligations
Investments in other debt obligations
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Long-term receivables 3,918,230,599.11 3,874,516,647.46
Long-term equity investments 103,694,237,073.27 103,073,100,064.87
Investments in other equity
instruments
Other non-current financial assets 28,768,810.95 28,768,810.95
Investment properties 3,125,685,879.17 3,157,951,323.78
Fixed assets 29,942,617,568.14 30,442,884,297.82
Construction in progress 3,621,815,548.77 3,403,583,431.48
Productive living assets
Oil and gas assets
Right-of-use assets 8,770,384,879.32 8,965,304,928.17
Intangible assets 17,460,004,048.88 17,643,855,579.95
Including: Data resources
Development costs 25,164,148.35 34,234,599.73
Including: Data resources
Goodwill 6,241,975,686.74 6,176,416,050.77
Long-term deferred expenses 899,657,788.34 919,719,245.18
Deferred tax assets 341,387,221.90 355,487,521.84
Other non-current assets 804,774,837.32 718,921,542.98
Total non-current assets 179,016,470,455.43 178,936,510,410.13
Total assets 205,110,704,568.01 205,014,697,494.68
Current liabilities:
Short-term borrowings 18,003,053,865.15 19,775,820,831.32
Borrowings from the central bank
Interbank loans obtained
Financial liabilities held for trading
Derivative financial liabilities
Bills payable
Accounts payable 710,443,348.32 739,900,492.35
Advance payments received 17,668,105.68 12,191,454.52
Contract liabilities 513,421,974.73 446,822,948.79
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 1,081,376,555.27 1,297,834,679.20
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Taxes payable 953,966,958.36 913,284,472.54
Other payables 1,975,755,753.40 2,034,923,078.95
Including: Interest payable
Dividends payable 135,169,470.79 135,169,470.79
Handling charges and commissions
payable
Reinsurance payables
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities 2,171,442,975.42 2,199,301,417.02
Total current liabilities 33,678,108,828.50 33,462,602,060.02
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 5,450,380,208.17 7,439,956,123.50
Bonds payable 20,561,021,648.78 20,709,787,532.29
Including: Preference shares
Perpetual bonds
Lease liabilities 1,681,592,370.07 1,690,860,832.08
Long-term payables 3,570,001,374.42 3,721,605,292.07
Long-term employee benefits payable 536,919,153.18 546,386,377.62
Provisions 186,616,455.54 185,493,182.45
Deferred income 911,242,939.13 923,349,449.41
Deferred tax liabilities 4,931,787,202.38 4,869,165,969.03
Other non-current liabilities 158,623,915.64 164,442,477.36
Total non-current liabilities 37,988,185,267.31 40,251,047,235.81
Total liabilities 71,666,294,095.81 73,713,649,295.83
Shareholders’ equity:
Share capital 2,481,897,185.00 2,481,842,185.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 36,817,343,364.09 36,816,586,615.98
Less: Treasury shares
Other comprehensive income -872,765,431.30 -969,163,426.51
Specific reserve 67,868,081.09 57,278,650.39
Surplus reserve 1,249,537,330.50 1,249,537,330.50
General reserve
Retained earnings 25,861,688,009.17 24,729,748,576.84
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Total equity attributable to shareholders
of the Company
Non-controlling interests 67,838,841,933.65 66,935,218,266.65
Total shareholders’ equity 133,444,410,472.20 131,301,048,198.85
Total liabilities and shareholders’ equity 205,110,704,568.01 205,014,697,494.68
Legal Representative: Xu Song
Chief Financial Officer: Huang Zhenzhou
Head of Accounting Department: Liu Shixia
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Unit: RMB
Item Q1 2026 Q1 2025
Including: Operating income 4,407,582,949.96 4,214,355,369.19
Interest income
Premium income
Handling charge and commission income
Including: Operating costs 2,312,689,964.55 2,245,844,139.20
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 98,178,667.09 90,627,401.15
Selling and distribution expenses
General and administrative expenses 363,864,513.72 367,556,368.59
Research and development expenses 50,141,771.44 46,195,951.47
Financial expenses 322,673,220.89 438,814,204.93
Including: Interest expenses 450,799,969.08 544,396,368.32
Interest income 82,099,984.99 97,076,599.76
Add: Other income 38,362,454.75 14,993,894.21
Investment income ("-"for losses) 1,303,646,891.83 1,421,217,121.49
Including: Income from investments in
associates and joint ventures
Income arising from the
derecognition of financial assets
measured at amortized cost
Foreign exchange gain ("-"for losses)
Net exposure hedging income (“-” for losses)
Gains from changes in fair value ("-"for losses) 11,091,537.00 11,616,449.31
Reversal of credit impairment 2,625,868.77 5,383,101.47
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Impairment losses ("-"for losses)
Gains from asset disposals ("-"for losses) 4,674,155.13 581,588.58
Add: Non-operating income 5,542,197.56 7,563,676.87
Less: Non-operating expenses 6,862,193.14 5,566,153.52
Less: Income tax expenses 409,567,050.22 343,740,895.76
Other comprehensive income (net of tax) attributable
to shareholders of the Company
under the equity method
equity instruments
risk
-2,453.09
under the equity method
investments
other comprehensive income
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
of foreign currency financial statements
Other comprehensive income (net of tax) attributable
-102,469,578.01 303,297,460.30
to non-controlling interests
Attributable to shareholders of the Company 1,228,337,427.54 1,257,815,520.47
Attributable to non-controlling interests 975,139,663.61 1,349,937,371.61
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Unit: RMB
Item Q1 2026 Q1 2025
Proceeds from sale of goods and
rendering of services
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 5,459,926.39 21,188,158.05
Proceeds from other operating
activities
Sub-total of cash inflows 3,916,878,995.54 4,134,269,331.35
Payment for goods and services 1,094,668,329.64 1,220,236,580.43
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and in interbank loans granted
Payment for claims on original
insurance contracts
Net increase in interbank loans granted
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
Interest, handling charges and
commissions paid
Policy dividends paid
Payment to and for employees 1,129,948,964.74 1,140,462,905.40
Payment of various taxes 478,282,631.84 318,312,963.18
Payment for other operating activities 143,284,334.59 282,954,748.90
Sub-total of cash outflows 2,846,184,260.81 2,961,967,197.91
Net cash inflow from operating activities 1,070,694,734.73 1,172,302,133.44
Proceeds from disposal of investments 15,974,000,000.00 8,540,000,000.00
Investment returns received 780,256,034.63 794,287,190.17
Net proceeds from disposal of fixed
assets, intangible assets and other 2,477,710.89 51,104,425.10
long-term assets
Net proceeds from disposal of
subsidiaries and other business units
Proceeds from other investing
activities
Sub-total of cash inflows 16,786,733,745.52 9,385,391,615.27
Payment for acquisition of fixed
assets, intangible assets and other 432,485,210.63 574,353,180.71
long-term assets
Payment for acquisition of
investments
Net increase in pledged loans granted
Net payment for acquisition of
subsidiaries and other business units
Payment for other investing activities 4,423.77 2,079,654.20
Sub-total of cash outflows 16,312,489,634.40 11,960,039,127.63
Net cash inflow from investing activities 474,244,111.12 -2,574,647,512.36
Proceeds from investors 852,096.11 3,332,285.00
Including: Proceeds from
non-controlling shareholders of
subsidiaries
Proceeds from borrowings 2,441,363,299.60 3,850,487,443.47
Proceeds from other financing 501,160.12 378,149.55
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
activities
Sub-total of cash inflows 2,442,716,555.83 3,854,197,878.02
Repayments of borrowings 3,719,666,476.32 3,570,274,776.80
Payment for dividends, profits
distributions or interest
Including: Dividends and profits
paid to non-controlling shareholders 81,229,900.00 77,947,496.42
of subsidiaries
Payment for other financing activities 171,265,510.60 189,188,006.31
Sub-total of cash outflows 4,319,637,829.14 4,275,259,090.12
Net cash outflow from financing
-1,876,921,273.31 -421,061,212.10
activities
-77,295,006.67 41,731,404.51
changes on cash and cash equivalents
-409,277,434.13 -1,781,675,186.51
equivalents
Add: Cash and cash equivalents at the
beginning of the year
of the period
China Merchants Port Group Co., Ltd. The Report for the First Quarter of 2026
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First
Implementation of the New Accounting Standards Implemented since 2026
□ 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 Directors
China Merchants Port Group Co., Ltd.
首页
微信公众号
证券之星APP
