China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
Stock Code: 001872/201872 Stock Name: CM Port Group/CM Port Group B Announcement No. 2026-055
CHINA MERCHANTS PORT GROUP CO., LTD.
THE REPORT FOR THE THIRD 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 individually as well
as jointly and severally liable for any misrepresentations, misleading statements or material omissions therein.
Department, hereby guarantee that the financial statements carried in this Report are factual, accurate and complete.
□ Yes √ No
□ Applicable √ Not applicable
designated by the Company for information disclosure. And all information about the Company shall be subject to
what is 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 retrospective adjustment or restatement to prior-year financial statements.
□ Yes √ No
Q3 2026 YoY change Q1-Q3 2026 YoY change
Total operating income
(RMB)
Net profit attributable
to shareholders of the 1,387,667,396.52 17.60% 4,168,774,411.78 9.51%
Company (RMB)
Net profit attributable
to shareholders of the
Company after
deducting non-
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
recurring profit or loss
(RMB)
Net cash inflow from
operating activities — — 5,753,682,992.36 7.88%
(RMB)
Basic earnings per
share (RMB/share)
Diluted earnings per
share (RMB/share)
Weighted average Up by 0.28
return on equity (%) percentage point
Total assets (RMB) 208,028,532,342.90 205,014,697,494.68 1.47%
Equity attributable to
shareholders of the 66,126,020,310.51 64,365,829,932.20 2.73%
Company (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 Q3 2026 Q1-Q3 2026 Note
Gains or losses on disposal of non-current
assets, including those charged off for which
provision for impairment of assets has been
made
Government grants recognized in profit or
loss (other than grants which are closely to
the Company’s normal 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, and gains or
losses on disposal of financial assets and 26,283,936.76 102,489,660.43 -
financial liabilities, other than effective
hedging operations relating to the
Company’s normal business operations
Income earned from lending funds to non-
financial institutions and recognized in 23,502,774.92 73,737,909.38 -
profit or loss
Reversal of provision for accounts
receivable that are tested for impairment
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
individually
Lump- sum costs incurred by the enterprises
as a result of the discontinuation of relevant
-14,553,764.78 -54,415,705.78 -
business activities, such as employee
severance expenditures
Other non-operating income or expenses
-5,814,855.35 -1,270,618.37 -
other than above items
Less: Income tax effects 69,242,915.55 93,353,112.96 -
Effects of non-controlling interests
(after tax)
Total 195,638,999.13 253,807,399.45 --
Other gains and losses that meet the definition of non-recurring 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
During the Reporting Period, 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
Balance sheet items 30 September 2026 31 December 2025 Change Explanation of changes
Mainly due to the collection of bills
Bills receivable 55,446,574.03 151,029,884.15 -63.29%
receivable upon maturity
Mainly due to the cyclical influence
Accounts receivable 2,308,731,463.54 1,297,166,857.70 77.98%
of payment collection
Mainly due to the increase in prepaid
Prepayments 115,767,047.13 82,819,198.95 39.78% insurance premiums and material
payments
Mainly due to the increase in prepaid
Other current assets 209,474,070.01 158,947,975.17 31.79%
income tax and deductible input VAT
Mainly due to the effect resulting
from the remeasurement of long-term
equity investment in Antong
Investments in other equity Holdings in the current period, which
instruments was changed from equity method
accounting to financial assets at fair
value through other comprehensive
income
Mainly due to the increase in
Other payables 3,322,627,424.91 2,034,923,078.95 63.28%
dividends payable
Non-current liabilities due Mainly due to the increase in bonds
within one year payable due within one year
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
Mainly due to the increase in short-
Other current liabilities 5,652,163,595.40 2,199,301,417.02 157.00%
term commercial papers payable
Income statement items Q1-Q3 2026 Q1-Q3 2025 Change Explanation of changes
Mainly due to the decrease in
Other income 66,976,054.46 142,769,198.68 -53.09%
government grants received
Cash flow statement items Q1-Q3 2026 Q1-Q3 2025 Change Explanation of changes
Mainly due to the increase in refund
Refund of taxes 108,715,913.94 27,372,611.32 297.17%
of taxes received by subsidiaries
Mainly due to the increased
Proceeds from disposal of
investments
upon maturity
Mainly because subsidiaries collected
sea area usage fees for the
Proceeds from other investing
activities
year, with no such fees collected in
the current period
Mainly due to the decreased payment
Payment for acquisition of fixed
for acquisition of fixed assets,
assets, intangible assets and 1,178,460,173.32 1,758,375,692.67 -32.98%
intangible assets and other long-term
other long-term assets
assets in the current period
Mainly due to the increased purchase
Payment for acquisition of
investments
period
Mainly due to the decrease in
Proceeds from borrowings 13,510,046,776.35 20,602,253,184.78 -34.42% borrowings obtained in the current
period
Mainly due to the advance payment
received by subsidiaries from
Proceeds from other financing minority shareholders and receipts
activities under finance leases in the same
period of last year, with no such
matters in the current period
Mainly due to the decrease in debt
Repayments of borrowings 13,641,221,802.69 23,708,226,435.63 -42.46%
repaid in the current period
Mainly due to the payment for share
Payment for other financing repurchases in the same period of last
activities year, with no such matters in the
current period
II Use of Raised Funds
□ Applicable √ Not applicable
No such cases in the Reporting Period.
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
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 28,459 (18,944 A-shareholders Number of preferred shareholders with resumed
shareholders at the period-end and 9,515 B-shareholders) voting rights at the period-end (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Shareho Shares in pledge, marked or
Restricted
Nature of lding Total shares frozen
Name of shareholder shares
shareholder percent held
held Status Shares
age
China Merchants Port Investment Overseas
Development Company Limited legal person
Zhejiang Provincial Seaport
State-owned
Investment & Operation Group Co., 23.23% 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 Management Co., Ltd.-
wealth
Shenzhen Infrastructure Investment 2.61% 64,850,182 0 - 0
management
Fund Partnership (Limited
products etc.
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 0.36% 9,037,853 0 - 0
person
Fund and
PICC Property And Casualty
wealth
Company Limited－Traditional- 0.27% 6,797,487 0 - 0
management
General Insurance Product
products etc.
Monetary Authority of Macao－ Overseas
Own Funds legal person
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing or locked-up shares of senior management)
Shares by type
Name of shareholder Unrestricted shares held
Type Shares
China Merchants Port Investment Development RMB ordinary
Company Limited share
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
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
RMB ordinary
Management Co., Ltd.-Shenzhen Infrastructure 64,850,182 64,850,182
share
Investment Fund Partnership (Limited Partnership)
Domestically
Broadford Global Limited 55,314,208 listed foreign 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. 12,483,161 12,483,161
share
Domestically
Zou Yanmin 9,037,853 listed foreign 9,037,853
share
PICC Property And Casualty Company Limited－ RMB ordinary
Traditional- General Insurance Product 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 Rainbow Reflection Limited.
parties among the shareholders
above
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)
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 Third Quarter of 2026
V Quarterly Financial Statements
(I) Financial Statements
Prepared by China Merchants Port Group Co., Ltd.
Unit: RMB
Item 30 September 2026 1 January 2026
Current assets:
Cash and bank balances 17,031,333,485.03 15,374,846,360.79
Settlement reserve
Interbank loans granted
Financial assets held for trading 7,564,136,575.93 7,578,824,365.75
Derivative financial assets
Bills receivable 55,446,574.03 151,029,884.15
Accounts receivable 2,308,731,463.54 1,297,166,857.70
Receivables under financing 113,856,737.57 114,680,738.25
Prepayments 115,767,047.13 82,819,198.95
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 938,799,365.72 1,012,655,278.64
Including: Interest receivable
Dividends receivable 508,674,649.44 576,943,449.36
Purchased and resold financial assets
Inventories 302,912,956.50 307,216,425.15
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year 539,722.23
Other current assets 209,474,070.01 158,947,975.17
Total current assets 28,640,997,997.69 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 Third Quarter of 2026
Long-term receivables 3,978,935,564.08 3,874,516,647.46
Long-term equity investments 104,133,496,209.88 103,073,100,064.87
Investments in other equity
instruments
Other non-current financial assets 28,768,810.95 28,768,810.95
Investment properties 3,062,796,935.85 3,157,951,323.78
Fixed assets 29,067,830,150.50 30,442,884,297.82
Construction in progress 4,161,535,890.82 3,403,583,431.48
Productive living assets
Oil and gas assets
Right-of-use assets 8,414,902,537.65 8,965,304,928.17
Intangible assets 16,961,120,441.88 17,643,855,579.95
Including: Data resources 5,140,802.26 5,616,273.79
Development costs 32,223,927.51 34,234,599.73
Including: Data resources
Goodwill 6,229,906,020.59 6,176,416,050.77
Long-term deferred expenses 859,256,967.38 919,719,245.18
Deferred tax assets 340,815,973.94 355,487,521.84
Other non-current assets 887,473,324.48 718,921,542.98
Total non-current assets 179,387,534,345.21 178,936,510,410.13
Total assets 208,028,532,342.90 205,014,697,494.68
Current liabilities:
Short-term borrowings 19,373,332,510.12 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 693,903,356.34 739,900,492.35
Advance payments received 9,023,792.61 12,191,454.52
Contract liabilities 552,326,700.09 446,822,948.79
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 1,263,078,062.85 1,297,834,679.20
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
Taxes payable 1,097,535,957.96 913,284,472.54
Other payables 3,322,627,424.91 2,034,923,078.95
Including: Interest payable
Dividends payable 1,136,733,537.11 135,169,470.79
Handling charges and commissions
payable
Reinsurance payables
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities 5,652,163,595.40 2,199,301,417.02
Total current liabilities 40,180,662,863.39 33,462,602,060.02
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 5,334,026,182.73 7,439,956,123.50
Bonds payable 16,236,834,883.93 20,709,787,532.29
Including: Preference shares
Perpetual bonds
Lease liabilities 1,611,743,640.57 1,690,860,832.08
Long-term payables 3,601,004,587.09 3,721,605,292.07
Long-term employee benefits payable 522,277,874.62 546,386,377.62
Provisions 237,192,297.70 185,493,182.45
Deferred income 879,327,352.71 923,349,449.41
Deferred tax liabilities 5,021,125,580.71 4,869,165,969.03
Other non-current liabilities 160,926,107.03 164,442,477.36
Total non-current liabilities 33,604,458,507.09 40,251,047,235.81
Total liabilities 73,785,121,370.48 73,713,649,295.83
Shareholders’ equity:
Share capital 2,482,148,285.00 2,481,842,185.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 36,926,652,509.12 36,816,586,615.98
Less: Treasury shares
Other comprehensive income -1,028,661,276.11 -969,163,426.51
Specific reserve 77,486,610.09 57,278,650.39
Surplus reserve 1,249,537,330.50 1,249,537,330.50
General reserve
Retained earnings 26,418,856,851.91 24,729,748,576.84
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
Total equity attributable to shareholders
of the Company
Non-controlling interests 68,117,390,661.91 66,935,218,266.65
Total shareholders’ equity 134,243,410,972.42 131,301,048,198.85
Total liabilities and shareholders’ equity 208,028,532,342.90 205,014,697,494.68
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 Third Quarter of 2026
Unit: RMB
Item Q1-Q3 2026 Q1-Q3 2025
Including: Operating income 13,541,258,939.73 12,761,718,577.69
Interest income
Premium income
Handling charge and commission income
Including: Operating costs 7,191,847,478.33 7,025,113,831.96
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 310,361,104.55 261,910,372.07
Selling and distribution expenses
General and administrative expenses 1,153,117,194.20 1,131,791,808.52
Research and development expenses 133,884,548.96 133,679,811.72
Financial expenses 975,890,729.30 1,098,673,458.72
Including: Interest expenses 1,328,317,597.14 1,412,059,197.32
Interest income 296,473,591.18 279,493,102.17
Add: Other income 66,976,054.46 142,769,198.68
Investment income ("-"for losses) 5,455,652,398.46 5,222,699,354.59
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) 31,997,919.18 29,806,324.64
Reversal of credit impairment 7,697,102.12 5,339,696.89
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
Impairment losses ("-"for losses) 1,614.26
Gains from asset disposals ("-"for losses) 8,496,854.37 6,697,124.45
Add: Non-operating income 21,614,156.78 36,169,262.72
Less: Non-operating expenses 32,131,476.59 20,226,678.15
Less: Income tax expenses 1,396,479,163.44 1,070,350,492.85
Other comprehensive income (net of tax) attributable
-59,497,849.60 631,635,570.62
to shareholders of the Company
-12,225,349.04 3,719,262.13
under the equity method
-71,197,928.50
equity instruments
risk
-31,142,216.68 228,729,223.96
under the equity method
investments
other comprehensive income
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
of foreign currency financial statements
Other comprehensive income (net of tax) attributable
-406,290,135.38 986,709,358.81
to non-controlling interests
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
Unit: RMB
Item Q1-Q3 2026 Q1-Q3 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 108,715,913.94 27,372,611.32
Proceeds from other operating
activities
Sub-total of cash inflows 13,719,373,108.09 12,812,270,004.20
Payment for goods and services 3,243,633,510.77 3,164,118,721.59
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 Third Quarter of 2026
Interest, handling charges and
commissions paid
Policy dividends paid
Payment to and for employees 2,808,967,461.83 2,684,716,615.98
Payment of various taxes 1,465,496,893.37 1,139,051,249.09
Payment for other operating activities 447,592,249.76 490,938,782.80
Sub-total of cash outflows 7,965,690,115.73 7,478,825,369.46
Net cash inflow from operating activities 5,753,682,992.36 5,333,444,634.74
Proceeds from disposal of investments 45,366,359,482.95 32,059,800,000.00
Investment returns received 2,724,008,963.69 2,697,872,122.77
Net proceeds from disposal of fixed
assets, intangible assets and other 6,282,861.73 97,172,565.98
long-term assets
Net proceeds from disposal of
subsidiaries and other business units
Proceeds from other investing
activities
Sub-total of cash inflows 48,185,897,995.16 35,090,898,197.57
Payment for acquisition of fixed
assets, intangible assets and other 1,178,460,173.32 1,758,375,692.67
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 135,325,604.88 168,789,076.73
Sub-total of cash outflows 46,648,536,818.20 33,146,980,319.34
Net cash inflow from investing activities 1,537,361,176.96 1,943,917,878.23
Proceeds from investors 4,720,264.21 5,247,961.40
Including: Proceeds from non-
controlling shareholders of
subsidiaries
Proceeds from borrowings 13,510,046,776.35 20,602,253,184.78
Proceeds from other financing 10,888,371.19 258,621,517.54
China Merchants Port Group Co., Ltd. The Report for the Third Quarter of 2026
activities
Sub-total of cash inflows 13,525,655,411.75 20,866,122,663.72
Repayments of borrowings 13,641,221,802.69 23,708,226,435.63
Payment for dividends, profits
distributions or interest
Including: Dividends and profits
paid to non-controlling shareholders 1,719,893,758.85 2,213,945,514.67
of subsidiaries
Payment for other financing activities 413,200,460.29 649,854,745.80
Sub-total of cash outflows 18,873,357,113.32 29,752,067,630.12
Net cash outflow from financing
-5,347,701,701.57 -8,885,944,966.40
activities
-241,111,623.94 27,681,072.81
changes on cash and cash equivalents
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 Third 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.
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