China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2026-042
CHINA MERCHANTS PORT GROUP CO., LTD.
INTERIM REPORT 2026 (SUMMARY)
Part I Important Notes
This Summary is based on the full Interim Report of China Merchants Port Group Co., Ltd.
(hereinafter referred to as the “Company”). In order for a full understanding of the Company’s
operating results, financial position and future development plans, investors should carefully read
the aforesaid full report on the media designated by the China Securities Regulatory Commission
(the “CSRC”).
All the Company’s directors have attended the Board meeting for the review of this Report.
Independent auditor’s non-standard opinion:
? Applicable √ Not applicable
Board-approved interim cash and/or stock dividend plan for ordinary shareholders:
√ Applicable ? Not applicable
The Board has approved an interim dividend plan as follows: based on the Company’s total share
capital at the record date of the dividend payout, a cash dividend of RMB2.00 (tax inclusive) per 10
shares is to be distributed to shareholders, with no bonus issue from either profit or capital reserves.
Board-approved interim cash and/or stock dividend plan for preferred shareholders:
? Applicable √ Not applicable
Note: For the meanings of the abbreviations in this Summary, please refer to the information under
the heading “Definitions” in the full Interim Report.
This Report has been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese versions shall prevail.
Part II Key Corporate Information
CM Port Group/ 001872/
Stock name Stock code
CM Port Group B 201872
Stock exchange for stock listing Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Liu Libing Hu Jingjing
Office address 1 Gongye 3rd Road, Zhaoshang Gongye 3rd Road, Zhaoshang Street,
Street, Nanshan, Shenzhen, PRC Nanshan, Shenzhen, PRC
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
Tel. +86 755 26828888 +86 755 26828888
E-mail address Cmpir@cmhk.com Cmpir@cmhk.com
Indicate by tick mark whether there is any retrospective adjustment or restatement to prior-year
financial statements.
? Yes √ No
H1 2026 H1 2025 Change
Total operating income
(RMB)
Net profit attributable to
shareholders of the 2,781,107,015.26 2,626,638,199.47 5.88%
Company (RMB)
Net profit attributable to
shareholders of the
Company after deducting 2,722,938,614.94 2,518,686,036.20 8.11%
non-recurring profit or
loss (RMB)
Net cash inflow from
operating activities 3,348,074,613.14 3,008,693,316.79 11.28%
(RMB)
Basic earnings per share
(RMB/share)
Diluted earnings per
share (RMB/share)
Weighted average return Up by 0.06
on equity (%) percentage point
Total assets (RMB) 207,632,748,002.65 205,014,697,494.68 1.28%
Equity attributable to
shareholders of the 65,280,492,556.50 64,365,829,932.20 1.42%
Company (RMB)
Unit: share
Number of preferred
Number of ordinary shareholders at
A-shareholders and 9,610 resumed voting 0
the period-end
B-shareholders) rights at the
period-end (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Shares in
Nature of Shareholdin Number of Restricted
Name of shareholder pledge or
shareholder g percentage shares shares
frozen
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
China Merchants Port Investment Foreign legal
Development Company Limited person
Zhejiang Provincial Seaport
State-owned
Investment & Operation Group 23.23% 576,709,537 0 0
legal person
Co., Ltd.
China Merchants Gangtong State-owned
Development (Shenzhen) Co., Ltd. legal person
Shenzhen Infrastructure Investment
Fund and
Fund Management Co.,
wealth
Ltd.-Shenzhen Infrastructure 2.61% 64,850,182 0 0
management
Investment Fund Partnership
products etc.
(Limited Partnership)
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 0.33% 8,080,028 0 0
person
Fund and
PICC Property and Casualty
wealth
Company Limited－Traditional- 0.26% 6,480,601 0 0
management
General Insurance Product
products etc.
Domestic
Li Runrong natural 0.24% 6,005,375 0 0
person
Merchants Holdings (Hong Kong) Company Limited, and
China Merchants Port Investment Development Company
Limited is the wholly-owned subsidiary of Rainbow
Related or acting-in-concert parties among the Reflection Limited.
shareholders above
China Merchants Gangtong Development (Shenzhen) Co.,
Ltd.
The Company does not know whether the other unrestricted
shareholders are related parties or not.
Shareholders involved in securities margin
N/A
trading and lending (if any)
refinancing 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
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
Change of the controlling shareholder in the Reporting Period:
? Applicable √ Not applicable
The controlling shareholder remained the same in the Reporting Period.
Change of the actual controller in the Reporting Period:
? Applicable √ Not applicable
The actual controller remained the same in the Reporting Period.
? Applicable √ Not applicable
No preferred shareholders in the Reporting Period.
(1) Bond Profile
Outstanding
Interest
Bond name Abbr. Bond code Issue date Maturity balance
rate
(RMB’0,000)
Sci-Tech Innovation
Corporate Bonds of
China Merchants Port 148877 200,000.00 2.18%
K1 23 August 2029
Group Co., Ltd. (for
professional investors)
(Phase I)
Sci-Tech Innovation
Corporate Bonds of
China Merchants Port 524409 300,000.00 1.82%
K1 25 August 2028
Group Co., Ltd. (for
professional investors)
(Phase I)
Short-term Corporate
Bonds of China
Merchants Port Group 524813 100,000.00 1.32%
D1 026 er?2026
Co., Ltd. (for
professional investors)
(Phase I)
(2) Financial Indicators as at the End of the Reporting Period
Item 30 June 2026 Increase/decrease
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
Current ratio 70.98% 77.93% -8.92%
Debt/asset ratio 35.85% 35.96% -0.11%
Quick ratio 69.32% 76.29% -9.14%
H1 2026 H1 2025 Increase/decrease
Net profit after deducting
non-recurring gains and losses 272,293.86 251,868.60 8.11%
(RMB’0,000)
EBITDA to total debt ratio 11.83% 11.64% 0.19%
Interest coverage ratio 6.79 5.60 21.25%
Cash interest coverage ratio 5.46 4.49 21.60%
EBITDA interest coverage ratio 9.56 8.15 17.30%
Loan repayment ratio 100.00% 100.00% -
Interest payment ratio 100.00% 100.00% -
Part III Significant Events
(1) Overall overview of port business
During the first half of 2026, the container business of the Company showed growth momentum,
and its bulk cargo business maintained a stable foundation. The Company’s ports handled a total
container throughput of 106.78 million TEUs, representing a year-on-year increase of 5.5%; bulk
cargo volume reached 622.03 million tonnes, representing a year-on-year decrease of 1.5%. For the
container business, ports in Mainland China handled 84.69 million TEUs, representing a
year-on-year increase of 6.9%. Ports in Hong Kong and Taiwan recorded a combined throughput of
million TEUs, representing a year-on-year increase of 2.5%. For the bulk cargo business, ports in
Mainland China handled 616.34 million tonnes, representing a year-on-year decrease of 1.6%,
while overseas ports handled 5.70 million tonnes, representing a year-on-year increase of 18.6%.
(2) Implementation of operating plan during the Reporting Period
During the Reporting Period, the Company committed to its strategic goal of becoming a
“world-leading port service provider”, upholding the “Global Presence”, “Lean Management”
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
and “Innovative Transformation”. It achieved results in areas such as homebase port development,
overseas expansion, operational management, technological innovation, and ESG initiatives, with
key operational performance indicators securing sound growth.
① As for homebase port construction, the Company consolidated its regional foundations
and enhanced competitive advantages. The West Shenzhen Port Zone maintained an upward
trend in its container business. Efforts to integrate container business resources and optimize the
deployment in the West Shenzhen Port Zone were undertaken in an orderly manner, and steady
progress was made on the construction of the Dachan Bay Phase II project. In overseas homebase
ports, CICT in Sri Lanka maintained its leading market share in container throughput within the
port area and continued to strengthen cooperation with key customers. HIPG in Sri Lanka leveraged
its regional strength to continuously enhance capacity and streamline its business structure. With
coordinated growth across the container and RoRo business segments, the Company's operations
showed positive momentum.
② Regarding overseas expansion, the Company focused on key regions and intensified its
strategic deployment. Focusing on structural investment opportunities in growth markets such as
Southeast Asia, Latin America and Africa, the Company steadily and methodically expanded its
portfolio of overseas controlled terminals. Concurrently, the Company continued to promote
integrated synergy between CICT and HIPG in Sri Lanka, strengthening port capacity and
achieving efficient resource sharing and complementary advantages. TCP in Brazil has accelerated
projects such as yard expansion, berth refurbishment and gantry crane upgrades. Meanwhile, NPH
in Indonesia has proceeded with management integration to maintain smooth business operations.
③ In respect of operations management, the Company deepened its lean management and
strengthened top-down empowerment. The Company has laid a solid foundation for value
creation through lean management and empowered high-quality development through top-down
control and management. On the one hand, the Company continued to deepen the philosophy of
lean management, optimize the end-to-end operational system, establish commercial control
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
mechanisms, promote meticulous management and coordinated business expansion, achieve cost
control and operation efficiency enhancement, and improve the financing structure to enhance asset
operational efficiency. On the other hand, the Company has strengthened governance across its
global operations by establishing localized decision-making rules, clarifying governance
responsibilities, and improving overseas risk identification and process control systems. By
leveraging digital systems to advance the integration of financial management both domestically
and overseas, the Company supported its long-term, steady development through high-standard
global resource allocation and enhanced governance efficiency.
④ As regards technological innovation, the Company advanced digital and intelligent
empowerment to build green ports. The Company remained committed to technology-driven
development, actively exploring applications of cutting-edge technologies such as artificial
intelligence, and focusing on leveraging technology to empower industrial upgrading. Firstly, the
Company sustained its efforts to strengthen system research and development. A new foundational
version of the CTOS system has been released, which features capabilities to support the operations
of small, medium and micro-scale container terminals. Regarding the BTOS product for bulk and
general cargo, a contract has been signed for the Somaport terminal in Morocco. Secondly, the
Company spared no effort to promote smart applications. Shekou Container Terminal has rolled out
a smart yard plan, effectively reducing the rate of container overturns, while Mawan Smart Port has
continuously optimized port operations, with the operation efficiency of autonomous vehicles
improving steadily. Thirdly, green transformation was actively pursued with Mawan Smart Port
having completed the first ship-to-ship LNG bunkering operation.
⑤ In terms of ESG construction, the Company explored cutting-edge issues and achieved
excellent results in rating improvements. The Company continuously reinforced the integration
of ESG into its operations and promoted the routine management of ESG issues. On the
environmental front, the Company published its first Nature-related Financial Impact Report in
April 2026, systematically assessing the impact on nature across its value chain and formulating
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
corresponding biodiversity conservation strategies. On the social front, the Company was
recognized as an outstanding model of volunteer service in Guangdong Province for 2025. In terms
of governance, the Company has advanced the development of the boards of directors for the
Company and its subsidiaries, continuously enhancing governance standards. During the period, the
Company maintained its Wind ESG rating at AAA, ranking first in the transportation infrastructure
industry and being selected for Fortune China's ESG Impact List. The MSCI ESG rating of its
subsidiary China Merchants Port was upgraded from BBB to A in March.
(3) Year-on-year Changes in Key Financial Data
Unit: RMB
H1 2026 H1 2025 Change Main reason for change
Operating income 8,948,462,047.19 8,468,491,376.08 5.67% -
Operating costs 4,752,291,707.16 4,596,264,092.50 3.39% -
General and
administrative 763,945,984.07 759,073,109.44 0.64% -
expenses
Financial expenses 702,394,205.91 836,571,986.58 -16.04% -
Income tax expenses 876,426,240.35 728,408,809.32 20.32% -
Research and
development 96,878,463.20 119,104,880.47 -18.66% -
investments
Net cash inflow from
operating activities
Net cash inflow from Effects of changes in
investing activities structured deposits
Combined effects of
reduced debt
repayments and interest
Net cash outflow from
-2,774,521,341.00 -5,941,464,208.42 53.30% payments, together
financing activities
with dividend
distributions and other
factors
Combined effects of
Net increase in cash cash flows from
and cash equivalents operating, investing
and financing activities
China Merchants Port Group Co., Ltd. Interim Report 2026 (Summary)
(1) Changes to Accounting Policies, Accounting Estimates or Accounting Methods Compared
to the Last Accounting Period
On 5?December?2025, the Ministry of Finance issued Interpretations No.19 of the Accounting
Standards for Business Enterprises (Cai Kuai [2025] No.32, hereinafter referred to as
"Interpretations No.19") The provisions concerning “Accounting Treatments for Indemnification
Assets in Business Combinations Not under Common Control”, “Accounting Treatments for
Related Capital Reserves upon Disposal of a Subsidiary Previously Obtained through a Business
Combination under Common Control”, “Derecognition of Financial Liabilities Settled via
Electronic Payment Systems”, “Assessment and Disclosure of Contractual Cash Flow
Characteristics of Financial Assets”, and “Disclosures for Equity Instruments Designated at Fair
Value Through Other Comprehensive Income” became effective on 1?January?2026.
On 4?June?2026, the Ministry of Finance issued Interpretations No.20 of the Accounting Standards
for Business Enterprises (Cai Kuai [2026] No.7, hereinafter referred to as "Interpretations No.20").
The provisions regarding “Assessment of Contractual Cash Flow Characteristics of Financial Assets”
and “Accounting Treatments and Related Disclosures in the Absence of Currency Convertibility”
became effective on 1?January?2026.
Following these changes in accounting policies, the Company will implement the relevant
provisions set forth in Interpretations No. 19 and No. 20. Except for the aforesaid policy changes,
all other unchanged items shall continue to be governed by the Basic Standard of Accounting
Standards for Business Enterprises, the specific accounting standards, Application Guides to
Accounting Standards for Business Enterprises, Interpretation Announcements of Accounting
Standards for Business Enterprises, and other relevant regulations previously issued by the Ministry
of Finance.
(2) Retrospective Restatements due to the Correction of Material Accounting Errors in the
Reporting Period
? Applicable √ Not applicable
No such cases.
(3) Changes to the Scope of Consolidated Financial Statements Compared to the Last
Accounting Period
? Applicable √ Not applicable
China Merchants Port Group Co., Ltd.
Board of Directors
Dated 29 August 2026
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