The AGM duly passed five resolutions, including a final dividend of 65 HK cents per share for the year ended 31 December 2016; whereas the EGM duly passed the disposal of China International Marine Buy Shipping Buy Shipping Container Nashville Nashville (Group) Co., Ltd. with majority passes.
After the meetings, Dr. Bai Jingtao and Mr. Lu Shengzhou met with the press. The management team has answered many questions such as CMPort’s recent performances, future prospects and other press concerned issues in detail.
From January to April 2017, CMPort’s container throughput achieved 32.36 million TEUs, representing an increase of 9.1% compared with last year, in which the throughput volume raised by 11.0% in Mainland China and 24.4% in Hong Kong and Taiwan. Due to the disposal of Xiamen Port asset by Terminal Link SAS at the beginning of 2017, the overall overseas performance has shown a year-on-year decrease of 3.7%. Dr. Bai Jingtao said, CMPort’s performance in Mainland China, especially in Shenzhen Homebase Port and Yangtze River Delta region, has shown an significant growth from January to April；the overseas greenfield projects has also made an excellent performance. Moreover, the opening of the Djibouti DMP Doraleh Multi-Purpose Port on 24th May has boost up the Ro-ro ship and bulk handling volume, CMPort is confident in achieving the target of 100 million TEUs by the end of 2017.
Dr. Bai commented, the competition of overseas port acquisitions is becoming rational. With the goals to “solidify ports layout in Asia, improve ports network in Africa, expand footprint in Europe and acquire new exposure in Americas”, as well as following the “Belt and Road” initiative, CMPort has recently been focusing on studying and exploring investment opportunities in the emerging economy such as Africa and Southeast Asia. Under the goal of maximising profitability while capturing business opportunities, CMPort strive to create new profit growth, thereby delivering better returns for its shareholders.
