Annual Report 2023

Management Discussion and Analysis CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 18 Pearl River Delta region The West Shenzhen Port Zone handled a container throughput of 12.31 million TEUs, up by 1.9% year-on- year, and bulk cargo volume of 8.33 million tonnes, down by 21.4% year-on-year, which was mainly affected by the business restructuring in the West Shenzhen Port Zone. Chu Kong River Trade Terminal Co., Limited handled a total container throughput of 0.88 million TEUs, up by 0.9% year- on-year, and handled a bulk cargo volume of 3.99 million tonnes, down by 6.1% year-on-year. Modern Terminals Limited and China Merchants Container Services Limited (“ CMCS ”) in Hong Kong delivered an aggregate container throughput of 4.16 million TEUs, decreased by 14.3% year- on-year, which was mainly affected by the gradual decrease in transshipment business in the Hong Kong market and the return of business of good supply from Mainland China to Hong Kong. Yangtze River Delta region Shanghai International Port (Group) Co., Ltd. handled a container throughput of 49.16 million TEUs, up by 3.9% year-on-year; and handled a bulk cargo volume of 84.01 million TEUs, up by 7.5% year-on-year, which was mainly due to a lower base of the corresponding period last year. Ningbo Daxie handled a container throughput of 1.66 million TEUs, down by 47.7% year-on-year, which was mainly due to no more container throughput counted from Ningbo Daxie after the Group’s disposal of 45% equity interest in Ningbo Daxie to Ningbo Zhoushan Port Company Limited in August 2023. Bohai Rim region Liaoning Port Co., Ltd. handled a container throughput of 11.44 million TEUs, up by 5.0% year-on-year, which was mainly benefitted from the recovery of the international shipping routes; and handled a bulk cargo volume of 251 million tonnes, down by 1.2% year-on-year. Owing to the improvement of commercial policy and shipping routes, Qingdao Qianwan United Container Terminal Co., Ltd. handled a container throughput of 10.65 million TEUs, representing an increase of 13.9% year-on-year. Qingdao Qianwan West Port United Terminal Co., Ltd. handled a bulk cargo volume of 13.92 million tonnes, representing an increase of 2.1% year-on-year. Qingdao Port Dongjiakou Ore Terminal Co., Ltd. handled a bulk cargo volume of 74.64 million tonnes, up by 3.4% year-on-year. Tianjin Port Container Terminal Co., Ltd. contributed a container throughput of 8.22 million TEUs, representing a decrease of 3.1% year-on-year.