招港B：2021年年度报告（英文版）.PDF

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1、 CHINA MERCHANTS PORT GROUP CO., LTD. ANNUAL REPORT 2021 Date of disclosure: 31 March 2022 China Merchants Port Group Co., Ltd. Annual Report 2021 1 Chairmans Statement Dear shareholders, I hereby present to you the annual report of China Merchants Port Group Co., Ltd. and its subsidiaries (the “Com

2、pany”) for the year ended 31 December 2021. On behalf of the Board, I would like to express my sincere gratitude to all of you for your long-term support to the Company. The Company is a crucial vehicle for CMG to implement the “Belt and Road” Initiative promoted by China and the strategy of Guangdo

3、ng-Hong Kong-Macao Greater Bay Area. Serving not only as the core enterprise of China Merchants Groups port sector, the Company is also the capital operation and management platform for the groups global port assets, hence playing a key role in the consolidation and synergistic development of CMGs p

4、ort assets. The Company has become a world-leading port investor, developer and operator. Looking ahead, by seizing the important opportunities arising from implementing major national strategies, apply a new vision of development and implement high-quality development requirements, the Company will

5、 take actions and strive to become a world-class comprehensive port service provider. While actively innovating the service model with a focus on core port businesses and promoting the construction of “Intelligent Port” ecosystem under the guidance of technology innovation, it will proactively take

6、part in international port investment, development and operation, so as to optimize the port network system on a continuous basis. By offering top-notch service solutions, it will become customers first choice of partner for cooperation, creating greater value for the Company, enhancing return for s

7、hareholders and contributing to building a more stable, reliable and secure supply chain. Review for the year In 2021, COVID-19 situation around the world was complex and severe. Benefiting from the accelerated vaccination process, loose monetary policy and continued active fiscal policy, the global

8、 economy, especially of major economies, was generally showing a recovery trend. However, repeated outbreak of the pandemic and discrepancy in national policy response against the pandemic have caused divergence in the economic recovery of different countries. Under the multiple impacts of inflation

9、, supply chain disruption, complicated geopolitics, and exchange rate fluctuations, along with other uncertainties, the Companys daily operation and management faced certain challenges. Confronted with a grave and complex external environment, the Company adhered to the strategic principle of “lever

10、aging on its long-term strategy, tapping the current edges, driving through technology and embracing changes”. Apart from coping with challenges proactively as the COVID-19 pandemic spread, it pursued various key construction projects in a steady manner, including the pandemic prevention and control

11、, development of leading ports, innovative development, overseas expansion and comprehensive development, and successfully accomplished its strategic goals and various operational objectives of the year. China Merchants Port Group Co., Ltd. Annual Report 2021 2 In terms of port operation, the contai

12、ner port business delivered a container throughput totaled 136.394 million twenty-foot equivalent units (TEUs) in 2021, up 12.0% year-on-year. Looking into the regional performance, container throughput handled by the Companys ports in Mainland China totaled 95.138 million TEUs, up 10.9% year-on-yea

13、r. Ports in Hong Kong and Taiwan handled a combined container throughput of 7.684 million TEUs, up 7.4% year-on-year, while overseas port projects handled a total container throughput of 33.572 million TEUs, up 16.3% year-on-year, mainly because the business volume of eight terminals which Terminal

14、Link SAS(TL)newly acquired was included in the statistics in April 2020 and the business growth of Lom Container Terminal S.A. (LCT) in Togo and TCP Participaes S.A. (TCP) in Brazil. In terms of bulk cargo volume, the Companys ports in Mainland China handled a total bulk cargo volume of 607 million

15、tons, up 35.3% year-on-year, mainly due to the merger of Yingkou Port by the shareholding company Dalian Port, the whole changed to Liaoning Port Co., Ltd and the Company will include the business volume of Yingkou Port into the statistics since February 2021; the overseas port handled a total bulk

16、cargo volume of 6.21 million tons, up 6.5% year-on-year, mainly due to the business increase of HIPG in Sri Lanka. Among the major ports, container throughput handled in West Shenzhen Port Zone in China was 12.834 million TEUs, up 8.4% year- on-year; bulk cargo volume handled by it increased by 7.9%

17、 year-on-year to 19.504 million tons. SIPG handled a container throughput of 47.032 million TEUs, representing a year-on-year increase of 8.1%; bulk cargo volume handled by it increased by 8.9% year-on-year to 82.388 million tons. For overseas projects, CICT in Sri Lanka delivered a year-on-year gro

18、wth of 4.4% by handling a container throughput of 3.060 million TEUs; bulk cargo volume handled by HIPG in Sri Lanka increased by 25.6% year-on-year to 1.555 million tons. LCT in Togo handled a container throughput of 1.626 million TEUs, representing a growth of 19.2% year-on-year. Kumport in Turkey

19、 handled a container throughput of 1.248 million TEUs, representing an increase of 2.5% year-on-year; bulk cargo volume handled by it increased by 62.1% year-on-year to 0.107 million tons. TCP in Brazil handled a container throughput of 1.101 million TEUs, representing a year-on-year increase of 12.

20、0%. Terminal Link SAS (TL) handled a container throughput of 25.523 million TEUs in the year, up 20.3% year-on-year. In terms of key priorities, firstly, the Company simultaneously focused on the prevention and control of the pandemic as well as the production and operation. The Company adhered to e

21、nhancing the sense of responsibility, guarding the gate for the country, and keeping the first line of defense for foreign input, worked to ensure constant vigilance against the pandemic, made unremitting efforts in prevention and control work and scientifically implemented ongoing targeted control.

22、 At the same time, new achievements in production and operation have been achieved, the Companys operating income and recurrent operating profits both set a new record. Secondly, the development of leading ports has been advanced to a new stage. The West Shenzhen homebase port saw a net addition of

23、35 new routes, the regionally leading ports Zhanjiang Port and Shantou Port have greatly improved their capacity, and the business volumes of two overseas homebase ports in Sri Lanka have both made breakthroughs. TCP in Brazil has entered the Million TEU Terminal Club in Brazil for the first time. T

24、hirdly, new results in innovation and development have been achieved. The Company actively explored model innovation, built an innovation-driven development platform, and cooperated closely with relevant entities to jointly build demonstration ports of international hydrogen energy industry; activel

25、y accelerated industrial digitization and established a smart port technology innovation laboratory; continued to promote the construction of Mawan Intelligent Port which passed the completion acceptance and officially put into operation at the end of June 2021; the number of port China Merchants Po

26、rt Group Co., Ltd. Annual Report 2021 3 complex in the Guangdong-Hong Kong-Macao Greater Bay Area continued to increase, greatly improving the comprehensive competitiveness of the West Shenzhen Port Area in the Pearl River Delta region. Fourth, the Company continuously improved the quality of overse

27、as ports and comprehensive development business, strengthened the business coordination of various sites and enhanced the influence of various regions by taking advantage of the global port network layout. At the same time, the PPC comprehensive development model was further promoted, and the number

28、 of enterprises entering the park from overseas continued to increase. Fifth, corporate governance and social responsibility performance were recognized. The Company stood out from 440 central enterprises and was selected into the Central Enterprise ESG Pioneer 50 Index (央企 ESG先鋒 50指數), ranking nint

29、h on the index list, which fully reflected the SASACs affirmation of the Companys ESG work; the Company continued to be practical and meticulous in the governance of the board of directors and won the award of Top 20 Board Governance of Listed Companies in the Greater Bay Area (2021大灣區上市公司董事會治理 TOP2

30、0) and the recognition from the industry. The Companys influence has continued to increase. Outlook Looking forward into 2022, the global economy will gradually return to normal from the impact of the pandemic and fiscal stimulus, and will present the main principle of recovery in general. However,

31、the recurrence of the COVID-19 pandemic has led to uncertainties about the recovery prospects of the global economy. 2022 is the year of deepening Chinas implementation of the 14th Five-Year Plan. China will adhere to the general guideline of economic work of seeking progress while maintaining stabi

32、lity, continue to implement new development concepts, accelerate the construction of a new development pattern, adhere to innovation-driven development, and promote high-quality development, adhere to the supply-side structural reform as the main line, and focus on stabilizing the macroeconomic mark

33、et. It is expected that the Chinese economy will resume trend growth in 2022, and the growth rate will be slower than that in 2021, but the economic structure will continue to be optimized. Policies such as supporting technological innovation-driven development, deepening the reform of the logistics

34、 supply chain system, and promoting green new infrastructure are expected to be successively introduced and implemented, which will continue to bring new development opportunities for the development of the industry. The Company will firmly grasp the general thrust of seeking progress while maintain

35、ing stability, practice new development concepts, adhere to the two development paths of endogenous growth + innovation and transformation, take active actions and respond scientifically, focus on key areas, and overcome difficulties. Through reform and innovation, we will continuously improve the q

36、uality of customer service, continue to enhance the competitiveness of the global market, and become a world-class leading integrated port service provider with high-quality development, and strive to achieve greater value for the Company and more returns for shareholders. In 2022, the Company will

37、continue to grasp the general thrust of the work of seeking progress while maintaining stability, stand on the new stage of development, implement new development concepts, and build new development pattern. The Company will continue to make breakthroughs in homebase port construction, pandemic prev

38、ention and control, technological innovation, market expansion, operation management, capital operation, comprehensive development, etc., and make every effort to promote the Companys overall high-quality development. China Merchants Port Group Co., Ltd. Annual Report 2021 4 In terms of homebase por

39、t construction, the West Shenzhen homebase port will continue to closely follow the Guangdong-Hong Kong-Macao Greater Bay Area construction strategy, continuously improve customer service levels, and further enhance comprehensive capabilities. Meanwhile, the Company will focus on building its overse

40、as homebase ports in Sri Lanka, CICT and HIPG into an international container hub port and a regional comprehensive port, respectively. The Company continue to promote the construction of the international shipping center in South Asia, and continue to improve the integrated operation and management

41、 of the two ports. In terms of pandemic prevention and control, the Company will continue to build a normalized pandemic prevention and control system, continuously improve emergency plans and operational norms, adhere to the “human” and “material” prevention and control, and maintain the defense li

42、ne to ensure the safety and stability of the pandemic prevention and control situation. In respect of technology innovation, the Company will focus on industrial transformation, upgrade driven by innovation and technology empowerment and realize sustainable and stable growth of the company. The Comp

43、any will develop the ecosystem for technology and innovation, and generate innovative solutions with technology for ports to build the integrated platform for industry, education and research. With the “CM Chip” platform, the Company will develop three major leading products for the industry, strive

44、 to intelligentize the production and operation within the terminals. With the “CM ePort” platform, the Company will innovate the service models by improving the information service system and adopting the “Port + Internet” approach for the port, so as to explore and develop an open platform for int

45、elligent ports. In terms of market expansion, the Company will deepen the concept with the focus on customers, continue to strengthen the cooperation with major shipping companies, build a three dimensional, multi-dimensional and multi-business collaborative alliance chain circle around the coordina

46、ted ports model, with the West Shenzhen homebase ports as the core, to enhance the linkage with end customers. At the same time, the Company will construct a collaborative business platform, improve the construction of the market commerce system, and expand the coverage of the logistics supply chain

47、 endogenously and externally via shaping the integration, platform and digitalization. In terms of operation management, the Company will accelerate the development of an international operation management and control system, build a management and control model that matches business development, co

48、ntinue to deepen the construction of smart operation management platform system, promote the building of a first class operation and management system highlighting “empowerment, professional and value”, strengthen the benchmarking between overseas companies and world-class enterprises, and shape int

49、ernational competitive advantages on all fronts. In respect of capital operation, the Company constantly promote the optimization of asset structure and reduce investment risks. In line with the strategies of the company and the direction of “asset-heavy to asset-light” and “quantity to quality”, th

50、e company will promote the asset management + capital operation two-wheel drive and improve capital operation plans, asset allocation and endogenous growth in order to enhance shareholder returns. In respect of comprehensive development, the Company will closely adapt to the changes in the global tr