[中报]招港B(201872):2025年半年度报告摘要（英文版）
Indicatebytickmarkwhetherthereisanyretrospectiveadjustmentsorrestatementstoprior-yearfinancialstatements. □Yes√No
□Applicable√Notapplicable Changesintop10shareholdersandtop10unrestrictedshareholdersduetorefinancingshareslending/returncomparedwiththepriorperiod
1.BusinessOverviewoftheReportingPeriod (1)Overviewofportbusiness Inthefirsthalfof2025,theCompany’scontainerbusinesscontinuedtogrow,whileitsbulkcargobusinessmaintainedstableperformancedespitetheheadwindsofsubduedmarketdemand.TheCompany’sportshandledatotalcontainerthroughputof101.207millionTEUs,upby5.7%year-on-year.BulkcargovolumehandledbytheCompany’sportsdecreasedby0.7%year-on-yearto630milliontonnes. (2)ImplementationSituationofOperationSchemeDuringtheReportingPeriodDuring the reporting period, the Company committed to its strategic goal of becoming a"world-leading port service provider", firmly promoting the three-driver model of “GlobalPresence”, “Lean Management” and “Innovative Transformation”. Significant progress wasachieved in various areas, including homebase port development, operational management,technologicalinnovation,overseasexpansion,state-ownedenterprisesreformandESGinitiatives,withkeyoperationalandfinancialindicatorssecuringsoundgrowth.① Asforhomebaseportconstruction,theCompanymaintaineditsregionalstrengthandenhanceditscorecompetitiveness.TheWestShenzhenPortZonemaintainedanupwardtrendinthecontainerbusiness,withitsmarketshareofcontainerbusinessintheforeigntrademarketofShenzhenPortexceeding50%.Itsbulkcargobusinesscontinuedtomaintainanadvantageouspositionwithmultipletypesofcargo.Inoverseashomebaseports,CICTinSriLankaactivelyresponded to regional competition by consistently optimizing shipping routes, expanding itscustomerbase,andcapitalizingonmarketopportunitiestostabilizeitscorebusinesses.HIPGcontinuedtoenhanceitsbusinessstructure,withcoordinatedgrowthacrossthecontainerandRORObusinesssegments.Itscontainerbusinessmadebreakthroughsanddeliveredincrementalvalue,whileclosercollaborationwithshippingcompanieshelpedsecurekeyroutes.Additionally,itsinfrastructureupgradesfurtherimprovednavigationcapacity. ② Inrespectofoperationsmanagement,theCompanydeepeneditsleanmanagementtoenhance operational efficiency. The Company sustained its efforts to strengthen the COEmechanism, implemented a cost leadership strategy and leveraged cost analysis to conductsystematicdiagnosistotheoperationsofprimarilycontrolledentities.TheCompanydevelopedoperationaloptimizationplans,improvedresourceallocation,refinedproductionprocesses,elevatedoperationalindicatorimprovements,andtrackedimplementationofoptimizationmeasures,thusestablishingaclosed-loopmanagementsystemandboostingoveralloperationalefficiency.③ Asregardstechnologicalinnovation,theCompanyadvanceditssmartportdevelopmentand green transformation. Focusing on tech-driven innovation, the Company exploredapplicationsofartificialintelligenceandothertechnologiestoenableindustrialupgrading.Inthefirsthalfof2025,theCompanysuccessfullydeployeditsself-developedCTOSsystematTCPinBrazilanddeliveredatestversionoftheCTOSsystematKumportinTurkey,replacingforeignsystems.ThekeyprojectoftheMinistryofTransportwascompletedonschedule,whilethenext-generationCTOSplatformwasalsoimplementedatShantouPort.Thepilottaskof“ContainerTerminalIntelligenceUpgrading”undertakenbytheCompanyaspartofthenationalinitiativetobuild a strong transportation network in China, has passed the on-site acceptance inspectionorganizedbytheMinistryofTransport.Endeavoringtopromoteartificialintelligenceinnovationapplications,theCompanyachievedsignificantresultsinvariousscenarios,includingsmartyardandmultimodallargelanguagemodels,whilelaunchingits"Piercept"artificialintelligencemodelandintelligentagentbrand.Atthesametime,theCompanycommittedtoadvancinggreenportconstruction,2newpowerswapstationswentintooperationandover270electrictrailersandelectric-retrofittedtrailerswerenewlyadded. ④ Regardingoverseasexpansion,theCompanyexpandedqualityprojectsandunlockedexisting potential. By prioritizing both incremental expansion and optimization of existingadvantages,theCompanyactivelyadvanceditsglobalstrategytoenhanceitsworldwidefootprint.On28February2025,ChinaMerchantsPort,aholdingsubsidiaryoftheCompany,signedanagreementtoacquireequityinterestinVast,acrudeoilterminalinBrazil,whichhelpedtheCompanycontinueexpandingthemarketinLatinAmerica.Concurrently,theCompanydroveintegratedoperationsatitsoverseashomebaseportsinSriLanka,promotingportcapabilitiestoachieve efficient resource sharing and complementary advantages. In Brazil, by enhancingnavigationcapacity,boostingoperationalefficiency,andoptimizingcontainermix,TCPrankedamongtheregion’stopperformersinvesselwaittimesandotherefficiencymetrics.LCTinTogoincreaseditscapacityandefficiencytocontinuouslyimproveitscorecustomer’ssatisfaction.Inthefirsthalfoftheyear,LCTsuccessfullyhandledtheworld’slargest24,000TEUvessel,drivingeconomicgrowth.Meanwhile,NPHinIndonesiacompletedasmoothtransition,graduallyalignedmanagementsystems,andsteadilyimprovedoperatingperformance. ⑤ Withregardtothereformofstate-ownedenterprises,theCompanycontinuedtodeepenthereformandenhanceitscorecompetitiveness.TheCompanyhascontinuedtodiligentlyadvancethe"DoubleHundredActions"tofurtherdeepenandimplementreformefforts.Intermsoftalentselectionandappointment,theCompanyexpandeditsinnovativeoperationresponsibilitysystemandpromotedyouthleadershiptounleashorganizationalvitality. Intermsofcorporategovernance,theCompanypromotedtheoversightandevaluationofdispatcheddirectorstofurtheremphasizetheBoard’sfunctioninsubsidiarygovernance.Intermsofinstitutionalinnovation,theCompany established platforms and improved mechanisms to deepen integration betweentechnologicalinnovationandindustrialupgrading,helpingdevelopnewqualityproductiveforces.Inthefirsthalfof2025,theCompanyachievedthehighestratingof"Benchmark"inthe2024SASACperformanceevaluation, signifyingrecognitionforits reformworkby thecompetentauthorities. ⑥ In terms of ESG construction, the Company implemented sustainable developmentprinciplesandtooktheleadinESGrating.ByconsistentlyintegratingESGconceptsintodailyoperations,theCompanyactivelymonitoredevolvingESGregulations,strengthenedexchangeswithexcellententerprises,andcontinuouslyenhanceditsESGmanagementframeworktooptimizemanagementpractices.TheCompanysustaineddistinctiveport-themedcommunityinitiatives,suchasinternationalporttalentcultivationprogramsandadvancedtheimplementationof"smallyetbeautiful"livelihoodinitiativesinoverseasprojectstobuildlocalizedandaccountableESGbrandrecognition,conveyingthepowerofacentralstate-ownedenterprisefulfillingitsdutiestowards
(1) Changes to Accounting Policies, Accounting Estimates or Measurement MethodsComparedtotheLastAccountingPeriod On6December2024,theMinistryofFinanceissuedInterpretationNo.18fortheAccountingStandardsforBusinessEnterprises,whichstipulatestheaccountingtreatmentofguaranteedqualitywarrantiesthatarenotindividualperformanceobligations.Theprovisionsareeffectivefromthedateofissuance,withearlyimplementationpermittedforcompaniesbeginningintheyearofissuance. Following this accounting policy change, the Company will abide by the relevantprovisionsofInterpretationNo.18.Asidefromtheaforementionedpolicychanges,theremainingunchanged provisions will continue to be implemented in accordance with the previouslypromulgatedAccountingStandardsforBusinessEnterprises-BasicStandards,variousspecificaccountingstandards,applicationguidelinesfortheaccountingstandards,interpretationcircularsoftheaccountingstandards,andotherrelevantregulationsoftheMinistryofFinance.(2)RetrospectiveRestatementsduetotheCorrectionofMaterialAccountingErrorsintheReportingPeriod □Applicable √Notapplicable Nosuchcases. (3) Changes to the Scope of Consolidated Financial Statements Compared to the LastAccountingPeriod On1January2025,ChinaUnitedTallyCo.,Ltd.Shantou(hereinafterreferredtoas'ChinaTally'),anassociateoftheCompany’ssubsidiaryShantouPort,absorbedShantouZhongliWailuntallyCo.,Ltd. (hereinafter referred to as 'Shantou Zhongli'), a subsidiary of Shantou Port. After thetransaction, Shantou Port holds 62.50% shares of China Tally, which contributs to businesscombinationnotinvolvingenterprisesundercommoncontrol.Consequently,ChinaTallyhasbeeninthescopeofconsolidationforthecurrentperiod.ShantouZhongliwasderegisteredon14February2025afterthetransaction. ChinaMerchantsPortGroupCo.,Ltd. BoardofDirectors Dated30August2025 中财网
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