China Merchants Port Holdings Company Limited (CMPort) is a Chinese shipping company. The main activity is the management of port terminals. The company is represented in 31 ports in 16 countries, in particular in the five main port areas of the PRC: Pearl River Delta ( Hong Kong and Shenzhen ), Yangtze River Delta ( Shanghai and Ningbo ), Bohaiwan Bays ( Qingdao , Tianjin , Dalian ) and Xiamen ( Zhangzhou ), southwest coast ( Zhanjiang ). Also works in the following countries: Sri Lanka ( Colombo and Hambantota ), Nigeria ( Lagos ), Togo ( Lome ), Djibouti , Cote d'Ivoire ( Abidjan ), Morocco ( Casablanca and Tangier ), Malta , France ( Foz , Le Havre , Dunkirk ), Belgium ( Antwerp ), Turkey ( Istanbul ), Greece ( Thessaloniki ), Republic of Korea ( Busan ), USA ( Miami and Houston ), Brazil ( Paranagua ), Australia ( Newcastle ), Taiwan . In 2018, the turnover of controlled companies amounted to 109 million TEU , of which 80.7 million TEU accounted for mainland China, 7.7 million TEU accounted for Hong Kong and Taiwan; the company also handled 502 million tons of cargo without containers, of which 497 million tons in mainland ports of China (not all companies are 100% controlled, taking into account the share in the capital, CMPort accounts for only 41 million TEU).
| China Merchants Port Holdings Company Limited | |
|---|---|
| Type of | Public company |
| Exchange listing | SEHK : 0144 |
| Base | 1991 |
| Location |  Hong Kong |
| Key figures | Fu Gangfeng (Chairman of the Board of Directors) ( CEO ) |
| Industry | |
| Equity | ▲ HK $ 75.321 billion $ 9.66 billion (2018) [1] |
| Turnover | ▲ HK $ 10.16 billion $ 1.3 billion (2018) [1] |
| Operating profit | ▲ HK $ 9.25 billion $ 1.19 billion (2018) [1] |
| Net profit | ▲ HK $ 7.955 billion $ 1.02 billion (2018) [1] |
| Assets | ▲ HK $ 130.79 billion $ 16.77 billion (2018) [1] |
| Capitalization | HK $ 76.6 billion $ 9.82 billion (06/07/2019) [2] |
| Number of employees | 9149 (2018) [1] |
| Auditor | Deloitte Touche Tohmatsu |
| Site | |
The largest shareholder of the company is the Chinese state conglomerate China Merchants Group (62.18%). Headquartered at China Merchants Tower in Hong Kong (38 / F, China Merchants Tower, Shun Tak Center, 168-200 Connaught Road Central, Hong Kong).
History
The China Merchants Bureau was founded in 1872 in Shanghai . After the Chinese revolution, it became the link between the People's Republic of China and the rest of the world, its activities mainly consisted of transport between mainland China and Hong Kong. In the 1980s, dozens of subsidiaries were created in various sectors of the economy, including China Merchants Bank (1987) and Ping An Insurance (1988). In 1992, China Merchants International Holdings (CMIH) was created on the basis of part of the group’s assets (mainly in the area of port terminals), which the next year became the first company from China to be listed on the Hong Kong Stock Exchange . As of 1995, the China Merchants group ranked 26th among the 500 largest state-owned companies in China, its assets were estimated at HK $ 50 billion (US $ 6 billion), and it included about 500 subsidiaries. In 1997, these structures were distributed among 12 companies, the largest of which was CMIH [3] . In 2016, China Merchants International Holdings was renamed China Merchants Port Holdings Company Limited. In 2017, the total cargo turnover of the controlled companies exceeded 100 million TEU for the first time (twenty-foot containers, 1 TEU ≈20 tons) [4] . In July 2017, a concession was received for the development of the port of Hambantota in Sri Lanka; The company plans to invest more than a billion dollars in creating port infrastructure. In Sri Lanka, CMPort is already the operator of the Colombo port with a cargo turnover of more than 2 million TEU per year [5] [6] . The international presence was further enhanced by the purchase in September 2017 of a 90 percent stake in the Brazilian company TCP Participações SA, which operates the second largest port in the country of Paranagua; the amount of the transaction amounted to $ 923 million [7] .
In February 2018, a stake in Shenzhen Chiwan Wharf Holdings Limited (the largest operator of the Shenzhen port) was sold, the buyer was China Merchants, the deal amounted to about HK $ 11 billion ($ 1.5 billion) [8] .
Subsidiaries
Key subsidiaries and partnerships:
- China Merchants Container Services Limited (Hong Kong, 100%)
- China Merchants Holding (International) Information on Technology Co., Ltd (China, 76.84%)
- China Merchants International Terminals (Ningbo) Limited ( British Virgin Islands , 100%)
- China Merchants International Container Terminal (Qingdao) Co., Ltd. (China, 100%)
- China Merchants Bonded Logistics Co., Limited (PRC, 60%)
- China Merchants Port Services (Shenzhen) Company Limited (China, 100%)
- CMH International (China) Investment Co., Ltd (China, 100%)
- Colombo International Container Terminals Limited (Sri Lanka, 85%)
- Guangdong Yide Port Limited (PRC, 50%)
- Hambantota International Port Group (Private) Limited (Sri Lanka, 85%)
- Hambantota International Port Services Company (Private) Limited (Sri Lanka, 49.3%)
- Lomé Container Terminal SA (Togo, 35%)
- Mega Shekou Container Terminals Limited (British Virgin Islands, 80%)
- Shantou China Merchants Port Group Co., Ltd (China, 60%)
- Shekou Container Terminals Ltd. (China, 80%)
- Shenzhen China Merchants Qianhaiwan Property Company Limited (China, 100%)
- Shenzhen Haiqin Engineering Supervision & Management Co., Ltd. (China, 100%)
- Shenzhen Haixing Harbor Development Company Ltd. (China, 67%)
- Shenzhen Jinyu Rongtai Investment Development Company Limited (China, 100%)
- Shenzhen Mawan Port Service Co., Ltd. (China, 70%)
- Shenzhen Mawan Terminals Co., Ltd. (China, 70%)
- Shenzhen Mawan Wharf Co., Ltd (China, 70%)
- TCP Participações SA (Brazil, 90%)
- Xia Men Bay China Merchants Terminals Co., Ltd (PRC, 31%)
- Zhangzhou China Merchants Port Co., Ltd. (China, 60%)
- Zhangzhou China Merchants Tugboat Company Limited (China, 70%)
- Asia Airfreight Terminal Company Limited (Hong Kong, 20%)
- China Nanshan Development (Group) Incorporation (China, 37%)
- Chiwan Container Terminal Co., Ltd. (PRC, 14.16%)
- Chu Kong River Trade Terminal Co., Limited (British Virgin Islands, 20%)
- Dalian Port (PDA) Company Limited (China, 21%)
- Modern Terminals Limited (Hong Kong, 27.01%)
- Port de Djibouti SA (Djibouti, 23.5%)
- Shanghai International Port (Group) Co., Ltd. (China, 26.77%)
- Terminal Link SAS (France, 49%)
- Tianjin Haitian Bonded Logistics Co., Ltd. (China, 49%)
- Tin-Can Island Container Terminal Ltd. (Nigeria, 28.5%)
- Euro-Asia Oceangate S.ar.l. (Luxembourg, 40%)
- Ningbo Daxie China Merchants International Terminals Co., Ltd (China, 45%)
- PONI Corporate Trust Group (Australia, 50%)
- Qingdao Port Dongjiakou Ore Terminal Co., Ltd (China, 25%)
- Qingdao Qianwan United Container Terminal Co., Ltd. (China, 50%)
- Qingdao Qianwan West Port United Terminal Co., Ltd. (China, 49%)
- Zhanjiang Port (Group) Co., Ltd. (China, 40.29%)
| Year | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,059 | 2,972 | 4,365 | 6,429 | 6,831 | 3,588 | 5,811 | 9,470 | 11.02 | 7,758 | 8,257 | 8,233 | 7,976 | 9,692 | 10.16 |
| Net profit | 2,117 | 2,533 | 2,893 | 3,895 | 4,026 | 3,475 | 6,689 | 6,691 | 5,708 | 4,939 | 5,018 | 5,525 | 6,206 | 6,701 | 7,955 |
| Assets | 16.69 | 25.57 | 30.09 | 36.03 | 43.59 | 45.65 | 67.11 | 75.38 | 68.67 | 84.44 | 92.07 | 97.56 | 93.97 | 116.4 | 130.8 |
| Equity | 13.53 | 16.16 | 20.92 | 26.84 | 30.28 | 33.58 | 39.07 | 43,45 | 45.54 | 48.60 | 67.43 | 68.83 | 65.91 | 73.45 | 75.32 |
Notes
- ↑ 1 2 3 4 5 6 7 Annual Report 2018 . China Merchants Port Holdings Company Limited (March 29, 2019). Date of treatment June 6, 2019.
- ↑ China Merchants Port Holdings Co Ltd (0144.HK) - Quote . Reuters Date of treatment June 7, 2019.
- ↑ China Merchants International Holdings Co., Ltd. History . International Directory of Company Histories, Vol. 52. St. James Press, 2003. Date accessed June 1, 2019.
- ↑ CMPort Marks 100 Mn TEU Milestone in 2017 . World Maritime News (January 17, 2018). Date of treatment June 8, 2019.
- ↑ CMPort to Develop Sri Lanka's Hambantota Port . World Maritime News (July 26, 2017). Date of treatment June 8, 2019.
- ↑ Sri Lanka's CICT Hits 2 Mn TEU Milestone . World Maritime News (January 3, 2017). Date of treatment June 8, 2019.
- ↑ China Merchants Port Buying Brazil's TCP for USD 923 Mn . World Maritime News (September 4, 2017). Date of treatment June 8, 2019.
- ↑ CMPort to Sell Stake in Chiwan Wharf . World Maritime News (February 6, 2018). Date of treatment June 8, 2019.
- ↑ Annual Report 2008 . China Merchants Holdings (International) Company Limited. Date of treatment June 6, 2019.
- ↑ Annual Report 2013 . China Merchants Holdings (International) Company Limited. Date of treatment June 6, 2019.
See also
- List of China's largest companies according to Forbes (2019)
- The largest companies in Hong Kong