|Aug 18, 2017|
|Aug 18, 2017|
Currency in HKD
|Full time employees:||5,760|
China Merchants Port Holdings Co., Ltd. engages in ports operation, bonded logistics and cold chain operations, property development and investment. The company operates through the following business segments: Ports Operation, Bonded Logistics and Cold Chain Operations, Port-related Manufacturing Operations and Other Operations. The Ports Operation segment includes container terminal operation, bulk and general cargo terminal operations. The Bonded Logistics and Cold Chain Operations segments include logistic park operation, ports transportation, cold storage and logistics operation and airport cargo handling. The Port-related Manufacturing Operations segment includes construction of modular housing and container manufacturing. Its port network expands across the Bohai Economic Zone, the Yangtze River Delta, the Xiamen Bay Economic Zone, the Pearl River Delta, and the Southwest region includes the coastal hub ports in Hong Kong, Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin, Xiamen Bay and Zhanjiang. China Merchants Holdings is also developing marine logistics services relating to the port industry, which include the Bonded Logistics Park in Shenzhen, Qingdao and the Tianjin Haitian Bonded Logistics Zone, apart from the fast and safe information platforms serving for its terminals, logistics parks and customers, and the South China Shuttle Barge Services to Shenzhen western terminals. China Merchants Port Holdings was founded in May 28, 1991 and is headquartered in Hong Kong.
China Merchants Port Holdings is China's stated-owned port operator. Its parent company China Merchants Group was the first Chinese company to operate commercial vessels, establish an insurance company and a bank. The company's predecessor was founded in 1991 in Hong Kong and in 1997 changed to its current name.
The company has port facilities in Hong Kong and mainland China, including in Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin and Xiamen. It also operates overseas, including in Nigeria and Djibouti among other African countries, South Asia and Europe. The company has about 130 berths for loading and unloading at wharves and piers around the world, accommodating 60 million containers. It has more than a 30% share of the berths in mainland China.
In recent years, the company has stepped up its upgrade of port facilities overseas as part of China's "Maritime Silk Road" plan. Proposed by Chinese President Xi Jinping, the sea routes are aimed at connecting China to Europe via Southeast Asia and the Middle East.
In 2014, the company held a groundbreaking ceremony for a new container terminal at the Port of Colombo, Sri Lanka. Worth more than $500 million, the terminal is one of the country's largest foreign investment projects. China Merchants Holdings (International) is also helping fund a $10 billion port in Bagamoyo, Tanzania. The port, which is being promoted by the Tanzanian government, is likely to become the largest in Africa.
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- Local currency
- US Dollar
|Income before tax||2,997M|
|Dividends per share||0.87|
|Operating cash flow||3,874M|
Currency in HKD
|Income before tax||386.08M|
|Dividends per share||0.11|
|Operating cash flow||499.06M|
Currency in USD
- Managing Director & Executive Director: Jing Tao Bai
- Chief Financial Officer: Sheng Zhou Lu
- Executive Director & Deputy General Manager: Zhi Xian Wang
- Overseas Operation Officer: Yun Shu Liu
- Deputy General Manager-Finance: Ling Wen
- China State-Owned Assets Supervision & Admn Commission(32.3%)
- China Merchants Union BVI Ltd.(28.7%)
- The Vanguard Group, Inc.(1.2%)
- CAPFI DELEN Asset Management SA(1.1%)
- Harding Loevner LP(0.9%)
- Causeway Capital Management LLC(0.9%)
- BlackRock Fund Advisors(0.8%)
- Eastspring Investments (Singapore) Ltd.(0.8%)
- Colonial First State Asset Management (Australia) Ltd.(0.7%)
- Invesco Hong Kong Ltd.(0.6%)
- Website: http://www.cmport.com.hk
- Address: 38th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, Hong Kong
- Phone: +852.2102.8888
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