China Merchants Port Group reports increased revenue, board actions

China Merchants Port Group (SZSE:001872) released its first-quarter report, showcasing a rise in operating revenue to CNY 4,214,355,369.19, an 8.99% increase compared to the same period last year, with net profit attributable to shareholders up 5.21% to CNY 1,090,726,175.19. The company’s operating cash flow decreased by 17.66% to CNY 1,172,302,133.44. Alongside the financial results, the company has declared a policy change to align with new accounting standards, which is not expected to materially affect financials. A board meeting approved the first quarter report and discussed upcoming shareholder meetings scheduled for May 23rd, 2025, outlining the agenda and online voting procedures for shareholders. Key items on the agenda include the 2024 board and supervisory reports, financial statements, profit distribution plans, and the re-election of accounting firms and resolutions on continued related party transactions.