On the afternoon of April 24, China Merchants Group joined hands with its subsidiary China Merchants Shekou (001979. SZ), China Merchants Port (001872. SZ), China Merchants Highway (001965. SZ) and China Merchants Accumulation (001914.SZ) and other four listed companies, with the theme of "100 years of investment, create and enjoy the future", held a collective performance briefing of China Merchants Group's listed companies in Shenzhen. This meeting is one of the series of activities of the collective performance briefing of listed companies of China Merchants Group. On April 16, China Merchants Group held a collective performance briefing for its listed companies on the Shanghai Stock Exchange.
Li Bai'an, Deputy General Manager of China Merchants Group, and the management of four listed companies attended the performance briefing and communicated with investors through on-site and online text interaction. Li Bai'an said that with the strategic vision of becoming a world-class enterprise with global competitiveness, and the goal of serving the overall situation of the country, optimizing the layout of state-owned capital and enhancing industrial competitiveness, China Merchants Group has taken multiple measures to continuously consolidate the operation capacity of state-owned capital investment companies, and has achieved rapid improvement in asset scale, operation quality and efficiency, and management level. At present, China Merchants Group actively grasps the tide of the times, comprehensively accelerates the promotion of the "third entrepreneurship", actively creates the "smile curve" and "Malik curve", promotes the transformation and upgrading of traditional industries, actively cultivates strategic emerging industries, and continuously improves the ability of each business line to pass through the industry cycle. It is hoped that by holding the performance briefing, it will better build a bridge of communication between listed companies and investors and other circles, and convey the brand and corporate value of the group and its affiliated listed companies to the market. China Merchants Group will continue to thoroughly implement the spirit of the Central Committee, take multiple measures to guide listed companies to improve their operational quality, operational efficiency and profitability, enhance the transparency and governance level of listed companies, promote high-quality development and increase investment value, actively safeguard shareholders' rights and interests, and reward shareholders and investors with better performance.
At the collective performance briefing, China Merchants Shekou, China Merchants Port, China Merchants Highway and China Merchants Accumulation respectively introduced the financial performance, business development status, profit distribution plan and production and operation in 2023. Li Bai'an and the management of four listed companies had in-depth exchanges with investors on hot issues such as the industry market situation, corporate strategic planning, ESG construction, digital transformation, and helping the development of new quality productivity.
China Merchants Shekou (001979. SZ): Intensive cultivation, steady progress, strong "basic" cultivation and "new", and build a road of high-quality development
Zhu Wenkai, General Manager of China Merchants Shekou, introduced at the performance briefing that in 2023, China Merchants Shekou will actively build three types of businesses: development business, asset operation and urban services, resolutely implement the "four focuses", firmly promote the continuous implementation of the "three transformations", comprehensively improve the quality of development, and strive to become a leading comprehensive development and operation service provider for cities and parks in China.
As of the end of 2023, China Merchants Shekou had total assets of RMB908.508 billion, net assets attributable to the parent of RMB119.723 billion, and operating income of RMB175.008 billion. In the face of the market situation, China Merchants Shekou maintained a stable development business fundamentals, with a cumulative contracted sales amount of RMB293.635 billion, ranking fifth in the industry, and the investment strategy of "regional focus and urban cultivation" was effectively implemented, and resources were invested in strong cities, and China Merchants Shekou continued to improve the construction of the asset operation business management and control system, adhering to the principle of "efficiency first, appropriate scale", and "one format, one template" and "one park, one policy" As the starting point, the operating efficiency of the asset operation business was comprehensively improved, and the business volume of various forms of urban services, including property management, convention and exhibition, cruise ship and agency construction, recovered well, and the business volume increased significantly. In 2023, China Merchants Shekou effectively integrated ESG concepts with the company's operation and management, and continued to promote sustainable development, which achieved remarkable results and was recognized by the market. MSCI's ESG rating has jumped two levels to A, which is the highest rating for A-share real estate companies, and the ESG ratings of CNI and CSI have reached AAA, both of which are the first in the industry.
In 2024, China Merchants Shekou will continue to firmly implement the development strategy of "four focuses" and "three transformations", take "diligence" as the key throughout the year, adhere to the main tone of "intensive cultivation and steady progress", strengthen "foundation" and "innovation", actively forge ahead in improving quality and efficiency, refine and expand asset-heavy business, prevent and control debt risks, and promote the company to achieve sustainable and high-quality development from heavy to light and from quantity to quality. At the same time, the company will actively explore the construction of a new model of real estate development, build "good houses", operate "good assets", provide "good services", and achieve differentiated development.
China Merchants Port (001872. SZ): Lean operation global layout, to build a high-quality world-class port integrated service provider
Xu Song, Vice Chairman and CEO of China Merchants Port, introduced at the performance briefing that in 2023, China Merchants Port will adhere to strategic guidance, focus on endogenous growth and innovation and upgrading, significantly improve its lean operation capabilities, accelerate the pace of global layout, and smoothly advance various key tasks, the company's performance has maintained a steady and upward trend, and its high-quality development has reached a new level.
In 2023, China Merchants Port will achieve a container throughput of 180.195 million TEUs, a year-on-year increase of 23.5%, and a bulk cargo throughput of 1.25 billion tons, a year-on-year increase of 69.6%, bringing the scale of its port business to a new level. The annual operating income was 15.75 billion yuan, and the net profit attributable to the parent company was 3.57 billion yuan, a year-on-year increase of 6.98%, a record high. The dividend ratio has increased to 40.6%, with a cash dividend of 5.8 yuan per 10 shares, and the company's dividend ratio has increased year by year, striving to increase shareholder returns and share the dividends of the company's development with shareholders. This year, China Merchants Port made new breakthroughs in the layout of Southeast Asia, and made gratifying achievements in home port construction, operation management, innovation and development, deepening reform, and ESG construction.
Looking forward to 2024, in the face of the new development situation, China Merchants Port will continue to adhere to the path of high-quality development, focus on key areas, adhere to strategic guidance, promote the construction of a strong port, deepen lean management, promote endogenous growth, continue to deepen reform, promote high-quality development, adhere to innovation-driven, empower industrial upgrading, explore global layout, open up development space, continue to enhance global market competitiveness, create greater value, and seek more returns for shareholders.
China Merchants Highway (001965. SZ): Focusing on organic growth and value creation, operating performance and shareholder returns reached record highs
Yang Xudong, general manager of China Merchants Expressway, introduced at the performance briefing that looking back on 2023, China Merchants Highway will clarify its development ideas, find out the right way to solve problems, plan innovative measures, focus on building an infrastructure investment management platform, focus on its main business, pay close attention to endogenous growth, and strive for value creation, laying a solid step for becoming "China's leading highway and related infrastructure investment and operation enterprise".
In 2023, China Merchants Expressway completed a number of acquisition projects, with total assets exceeding RMB150 billion, and its asset scale continued to grow and its position in the industry further strengthened. The annual operating income was 9.731 billion yuan, a year-on-year increase of 17.29%, the net profit attributable to shareholders of listed companies was 6.767 billion yuan, a year-on-year increase of 39.19%, and the dividend per share was 0.531 yuan, a year-on-year increase of 28.26%. At the same time, the construction of ESG system has achieved good results, and China Merchants Group's social responsibility activities such as "C Green" and "Warm Journey" have been widely praised by the market, and the cumulative cash dividends have reached 14.065 billion yuan in the past seven years since its listing, and its practice of the "investor-oriented" concept has been highly recognized by the capital market. Up to now, the company's market value has continued to increase and has exceeded 80 billion yuan, and the image of the listed company as an "excellent student" has become more prominent, handing over a beautiful answer sheet to the majority of shareholders and investors.
In 2024, China Merchants Highway will further improve the governance level of listed companies, adhere to focusing on its main business, seek progress while maintaining stability, concentrate on building a "smile curve", and make every effort to expand the "Malik curve", promote the company's high-quality and sustainable development, and contribute to the "third entrepreneurship" of China Merchants Group.
Investment surplus (001914. SZ): Deepening the main line of "four modernizations" development, operating income exceeded 15 billion yuan
Chen Haizhao, general manager of China Merchants Accumulation, introduced at the performance briefing that in 2023, China Merchants Accumulation will focus on improving service quality and deepening the development of "lightweight, large-scale, technological and market-oriented" to promote the continuous implementation of the "Fertile Soil Cloud Forest" business model, and at the same time achieve steady growth in major business indicators under the guidance of the corporate culture of "goodness and progress".
In 2023, China Merchants Accumulation will achieve operating income of 15.627 billion yuan, an increase of about 20% over the previous year, of which the revenue of property management business will be 14.758 billion yuan, an increase of 18.03% over the previous year. The net profit attributable to the parent company was 736 million yuan, an increase of 23.96% over the previous year. In 2023, there will be 2,101 projects under management, an increase of 217 from the beginning of the year, and the area under management will increase to 350 million square meters, of which 210 million square meters will be managed in non-residential business. The continuous expansion of the market scale is due to the continuous leading position in the expansion of non-residential formats, which has successively won key projects in many fields, achieved new breakthroughs in business formats, regions and paths, expanded tens of millions of high-quality projects such as the Canton Fair Complex and SMIC, and newly signed large customers such as Super Fusion, forming an integrated development situation that promotes each other and complements each other's advantages. The platform value-added business is new and promotes the platform-based development of value-added business, the technology empowerment has achieved remarkable results, with 5 national high-tech enterprises and 3 specialized and special new enterprises, and the community resources are deeply explored, cultivating high-value business growth points, and actively exploring "property + health care" value-added services to create differentiated competitiveness.
In 2024, the property management industry will enter a new cycle, and the market environment is full of opportunities and challenges. The surplus will consolidate the foundation of safe production, take quality development as the main line, do fine and detailed internal management, stimulate the vitality of high-quality development, deepen the empowerment of scientific and technological innovation, and continue to promote the implementation of the "four modernizations" development strategy.
More than 100 analysts and institutional investors, including Huachuang Securities, Industrial Securities, GF Securities, CICC, China Securities Construction Investment, Ping An Securities, PICC Asset Management, China Merchants Securities, and more than 30 media attended the meeting, including People's Daily, Economic Daily, China News Service, Nanfang Daily, Shenzhen Special Zone Daily, Shanghai Securities News, Securities Daily, China Water Transport News, China Shipping Weekly, China Real Estate News, and Hong Kong Ta Kung Wenhui Media.
Adhering to the green concept of "green and low-carbon, simple and refined, and pragmatic", this collective performance briefing was presented in the form of a "zero-carbon" meeting, in the form of on-site and webcast, through the panorama network, and through interactive platforms such as the broadcast of the meeting, a total of more than 300,000 people watched the meeting online.