Annual Report 2023

Management Discussion and Analysis CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 20 Overseas operation In 2023, a total container throughput handled by the Group’s overseas projects increased by 0.6% year-on-year to 34.06 million TEUs. Among which, CICT in Sri Lanka handled a container throughput of 3.25 million TEUs, up by 1.0% year-on-year, which was conducive to increase its market share and maintain the competitive advantages in the regional market. HIPG’s RORO terminal handled 0.70 million vehicles, up by 25% year-on-year, strengthening its status as a regional transshipment hub. Benefitting from the expansion of oil and gas business, the bulk cargo volume handled by HIPG was 2.46 million tonnes, representing an increase of 89.8% year-on-year. TCP in Brazil handled a container throughput of 1.25 million TEUs for the year, up by 8.4% year-on-year, which was mainly attributable to the further improvement of business structure and its market share in laden container and reefer container. Container throughput handled by Lomé Container Terminal S.A. (“ LCT ”) in Togo remained flat over the previous year at 1.60 million TEUs, as a result of the improvement in business structure. Container throughput handled by Tin-Can Island Container Terminal Ltd. in Nigeria was 0.32 million TEUs, representing an increase of 5.7% year-on-year. Thanks to the increase in import and transshipment cargoes, PDSA in Djibouti handled a container throughput of 0.89 million TEUs, up by 39.7% year-on-year, and a bulk cargo volume of 4.01 million tonnes, down by 1.8% year-on-year. Container throughput handled by Kumport in Turkey was 1.32 million TEUs, representing an increase of 8.9% year-on-year, mainly due to the additional shipping routes; and the bulk cargo volume handled was 0.45 million tonnes, up by 209.0% year-on-year, which mainly benefitted from the continued increase in export of construction materials. Terminal Link SAS handled a container throughput of 25.44 million TEUs, down by 1.2% year-on- year.