Annual Report 2021

Management Discussion and Analysis 16 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED In the context of global economic recovery, the global container throughput in 2021 recorded an increase compared with that in 2020. According to report published by global shipping consultancy Drewry, global container throughput increased by 6.5% year-on-year in 2021. Benefitted from the good results of the effective pandemic prevention and control measures in Mainland China, the import and export of foreign trade stabilized rapidly and continued to improve, while the overall port production in Mainland China demonstrated a sustained growth. According to the data published by the Ministry of Transport of China, the accumulated container throughput handled by the ports in Mainland China reached 283 million TEUs in 2021, representing an increase of 7.0% year-on-year. In 2021, the Group’s ports handled a total container throughput of 135.04 million TEUs, up by 12.0% as compared with last year, and bulk cargo volume of 567 million tonnes, up by 38.0% over the previous year. For the year ended 31 December 2021, the Group’s revenue amounted to HK$11,850 million, representing a year-on-year increase of 32.5%. Profits attributable to equity holders of the Company amounted to HK$8,144 million, representing a year-on-year increase of 58.1%. BUSINESS REVIEW Ports operation In 2021, the Group’s ports handled a total container throughput of 135.04 million TEUs, up by 12.0% year-on- year. Among which, the Group’s ports in Mainland China, Hong Kong and Taiwan contributed an aggregate container throughput of 101.47 million TEUs, representing an increase of 10.7% year-on-year, which was mainly benefitted from the increase in container volume in the Pearl River Delta region and the Yangtze River Delta region in Mainland China. A total container throughput handled by the Group’s overseas ports grew by 16.3% year-on-year to 33.57 million TEUs, which was mainly benefitted from the rapid growth of terminal throughput of Colombo International Container Terminals Limited (“ CICT ”) in Sri Lanka, TCP in Brazil, Lomé Container Terminal S.A. (“ LCT ”) in Togo and Terminal Link SAS (“ Terminal Link ”). Bulk cargo volume handled by the Group’s ports increased by 38.0% year-on-year to 567 million tonnes, among which the Group’s ports in Mainland China handled a total bulk cargo volume of 560 million tonnes, representing an increase of 38.5% year-on-year.