Annual Report 2021

Management Discussion and Analysis 18 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Pearl River Delta region The Group’s terminals in the West Shenzhen Port Zone handled a container throughput of 11.48 million TEUs, up by 8.7% year-on-year, which was driven by better growth of “Trunk Port” under the impact of pandemic. Bulk cargo volume reached 10.56 million tonnes, up by 1.7% year- on-year. Guangdong Yide Port Limited handled a container throughput of 0.46 million TEUs, up by 7.8% year-on- year, which was benefitted from the business expansion strategies such as the major customer strategy, Shenzhen Shekou-Shunde Beijiao Coordinated Port, and direct foreign trade shipping routes; and handled a bulk cargo volume of 5.19 million tonnes, up by 31.4% year-on-year, which was mainly benefitted from the continuous growth in demand for imported coil steels and section materials from hinterland factories, and active exploration of new business which had achieved results. Chu Kong River Trade Terminal Co., Limited handled a total container throughput of 1.03 million TEUs, declined by 2.6% year-on-year, and handled a bulk cargo volume of 3.17 million tonnes, up by 3.1% year-on-year. Modern Terminals Limited and China Merchants Container Services Limited in Hong Kong delivered an aggregate container throughput of 5.65 million TEUs, up by 1.7% year- on-year. Yangtze River Delta region Shanghai International Port (Group) Co., Ltd. handled a container throughput of 47.03 million TEUs, up by 8.1% year-on-year, which was mainly benefitted from the growth in container throughput volume due to the strong recovery of the shipping market. Bulk cargo volume handled increased by 8.9% year-on-year to 82.39 million tonnes, mainly due to the adjustment on business structure, the vigorous development of export cargo types and the synchronous enhancement of regional synergy. Ningbo Daxie China Merchants International Terminals Co., Ltd. handled a container throughput of 3.41 million TEUs, representing an increase of 2.6% year-on-year. Bohai Rim region During the year, Liaoning Port Company Limited (“ Liaoning Port ”) (formerly known as “Dalian Port (PDA) Company Limited”), which successfully completed the merger with Yingkou Port Liability Co., Ltd.. Liaoning Port, handled a container throughput of 9.91 million TEUs, up by 51.6% year-on-year; and its bulk cargo volume handled was 263 million tonnes, up by 100.1% year-on-year. Qingdao Qianwan United Container Terminal Co., Ltd. handled a container throughput of 8.54 million TEUs, representing an increase of 5.5% year-on-year. In an environment of actively exploring new cargo types, Qingdao Qianwan West Port United Terminal Co., Ltd. handled a bulk cargo volume of 17.65 million tonnes, representing an increase of 8.3% year-on-year. Qingdao Port Dongjiakou Ore Terminal Co., Ltd. handled a bulk cargo volume of 65.59 million