年 報 2015 GOING FURTHER
1997 116.8 A-538 2015 1217388.9(TEU) 4000TEU 8780.890.8 % 5,1417.5 6018080 102802878000 EDI CARGO 2016 2 1
2 4 5 8 16 23 36 72 94 98 102 104 105 106 108 110 111 202
Graeme Jack A-538 628 2
51 2 31 H 183 17 86 (21) 6596 6105 H H 3,751,000,000 H 1,000 02866 A A 7,932,125,000 A 100 601866 86 (21) 6596 6813 www.cscl.com.cn * 622China Shipping Container Lines Company Limited 3
(%) 31,834,165 36,077,425 (11.8%) (2,488,402) 1,961,694 (226.8%) (2,897,163) 1,577,524 (283.7%) 38,756 (100.0%) (2,950,234) 1,044,036 (382.6%) (0.253 ) 0.089 (384.3%) (3.0%) 3.4% (188.2%) (9.1%) 4.4% (306.8%) 86.2% 59.4% 45.1% (%) 56,877,083 53,541,151 6.2% 42,369,079 40,212,104 5.4% 14,508,004 13,329,047 8.8% 34,639,753 28,663,668 20.8% 15,027,288 13,256,077 13.4% (519,284) 72,970 (811.6%) 22,237,330 24,877,483 (10.6%) 4
53.65% 46.35% 100% 100% 100% 100% 100% 100% 100% 100% 1.8% 100% 98.2% 50% 100% 100% 60% 100% 95% 100% 5% 40 5
6
7
1,064.42 723.3 32%872.5 19.7% 318.3 11.8% 780.9 TEU3.5% 29 0.253 8
5 19,100TEU 173 88.9 TEU16.3 TEU 22.4%5,141TEU 542TEU 8% 9
10
11
1. 12
2. 2025 3. 13
14
15
31,834,165,000 11.8% 2,897,163,000 2,950,234,000 7,809,419 TEU 3.5% TEU4,757 9% TEU1,540 15.6% 889,434TEU 22% 36,077,425,0004,243,260,000 11.8% 31,834,165,000 2015 2014 (TEU) (TEU) (%) 1,249,361 1,294,372-3% 1,542,939 1,485,078 4% 1,897,275 2,048,654-7% 3,056,996 3,164,825-3% 62,848 100,499-37% 7,809,419 8,093,428-3.5% 16
2015 2014 (%) 9,075,983 9,366,710-3% 7,161,068 8,921,941-20% 6,011,170 6,777,882-11% 4,706,247 5,772,195-18% 1,689,539 1,064,590 59% 28,644,007 31,903,318-10% 7,809,419 TEU 3.5%3.6% 3.4% 32,788,268,000 5.9%TEU 4,01111 1,064.42 723.3 32% 872 19.7% 13,260,260,000 13,405,841,0001.1% 3.9% 3.5% 17
11,340,282,000 10,620,693,000 6.3% 4,410,134,000 6,850,509,000 36% 34.9% 6,246,350,000 5,827,605,0006.7% 25% 1,951,930,000 103% 821,982,000 3,992,442,000 2,934,129,00026.5% 41% 297,378,000 898,527,000 1,195,905,000 954,103,000 1,238,092,000 2,950,234,000 1,044,036,000 3,944,270,000 18
19 28,365,235,000 10,557,263,000 6,278,509,000 7,345,871,000 4,183,592,000 11,497,768,000 8,344,784,000 1,796,432,000 1,793,981,000 1,200,000,000 2.85%- 3.48% 254,246,000 2.48% 26,910,989,000 15,826,000 8,550,000 7,056,000 220,000 519,284,000 898,955,000 1,930,882,000 675,706,000 11,002,461,000 3,532,484,000 889,433,000 14,411,000 2,697,433,000 4,870,200,000 2,989,630,000 147,000 8,550,00025,000,000 680,922,000 2,713,088,000 2,032,166,000 1,645,163,000
2015 2014 680,922,000 2,713,088,000 (3,325,340,000) (5,859,325,000) 3,986,428,000 2,901,559,000 303,153,000 (2,238,000) 1,645,163,000 (246,916,000) 680,922,000 2,713,088,000 2,032,166,000 3,325,340,000 5,859,325,000 2,533,985,000 3,986,428,000 2,901,559,000 1,084,869,000 13,752,922,000 8,980,102,000 143,752,000 1,930,882,000 453,629,000 9,309,000 462,938,0002015 11.8% 86.2% 59.4% 20
21 7,5463,581 1,888,205,000 H H 24,225,000 51,606,000 299,935,000 2,486,312,000 1,279,759,000 23,485,000 5,460,858,000 402,063,0008,034,426,000 25,000,000
(SMS) (i) (ii) 22
53 59 (EMBA) 23
48 54 24
52 49 25
50 58 26
61 67 30 27
65 49 EMBA MBA 28
GRAEME JACK 65 Graeme Allan Jack The Greenbrier Companies Inc. 54 29
53 56 30
48 75 31
38 46 (CPA) 32
58 37 (CFA) 33
45 49 34
35 44 EMBA 45 45 41
40 5 104 8151622 3697 23.74 69.19 10928 41 16 27 36
(i) (ii) (i) (ii) 23.74 4 H H H 37
(1) (1) (1) (1) (2) Graeme Jack (2) (2) (2) (3) (3) 38
1. 2. Graeme Jack 3. 39
2335 XV23 XVXV78 352 H H H (1) 200,000(L) 0.005% (L) 1. 40
XV XV78 352 XV23 336 5% (%) (%) A 5,314,194,300(L) 67.00 45.49 The Northern Trust Company (ALA) H 249,945,900(P) 6.66 2.14 (L)(P) XV2 3 336 41
40 XV23 25% 30% 5% 10,000 42
1 Oriental Equipment Services, Inc. 14,314,000.00110,933,500.00 4,005 696.291,295.68 43
2 12 41,000260,329.5 20102014 44
3 (1) (a)(b)(c) (a) 2015 12 11 (1) (2) a. 45
2,969.2275 2015 9 30 2,969.2275 b. (1)7,784.4833 (2) 7,784.4833 (b) 2015 12 11 (1) (2) (3) (4) 46
a. 1,699.6956 181.2257 1,518.46991,699.6877 b. 1,995.6070 1,995.6070 47
c. (1)(2) 3,458.4549 3,458.4549 d. 40% 48
510.9866 510.9866 (c) 2015 12 11 (1)(2) (3) a. 614.2674 340 2,890.6703 49
b. 2,770.9726 2015 10 31 2,770.9726 c. 13.67% 5,448.0480 5,448.0480 50
(d) (a)(b)(c) (2) 2015 12 11 (a) (b)(c) (a) 51
7,632.4553 7,632.4553 (b) a. 35.6706 35.6706 b. 52
124.2913 124.2913 c. 51% 51%71.0360 71.0360 d. 91% 53
30.6975 30.6975 e. 9% 12.5358 12.5358 (c) a. (1)100%(2) 100%(3)100% (4)100%(5) 54
100%(6)100%(7) 100%(8)100% (9) 100%(10) 98.2%(11)100%(12) 50%(13) 45% (14)20.07%(15) 10%(16)10%(17) 10%(18) 10%(19)45%(20) 45%(21)10% (22)10%(23) 10%(24)10%(25) 10%(26)10% (27)10%(28) 10% 55
885.6734 885.6734 b. 15.1741 15.1741 9.0516 9.0516 (d) (a)(b)(c) 56
(1)(2) (3) (3) (1) 8,000TEU 8,000TEU (2) (1) (2) 57
(3) (1) (2) (2) (1) (4) (1) (1) 56 89 1010 532120042005 (2) (3) 2025 12 31 58
(i)(ii) (iii)(iv) (4) (i)(ii)(iii)(iv) (v) 2016 12 31 59
(a) (b) (a) (b) (a) (b) (c) (a) (b) (c) 60
(a) (b) (c) (5) 2016 12 31 61
12.25% (6) 2016 12 31 62
1 2004 5 10 2016 5 10 (i) 3 (ii) 1 155,343 113,616 156,736 4 (iii) 5 63
2 2004 5 10 2016 5 10 (i) 3 (ii) 1 14,094 13,970 25,268 4 (iii) 5 3 2013 6 28 2015 6 28 (i) 3 (ii) 1 1,125,712 2,325,178 1,321,407 4 (iii) 6 4 2007 4 10 (i) 3 (ii) 182,287 154,107 154,981 2016 4 10 1 4 (iii) 5 5 2004 5 10 (i) 3 (ii) 22,088 17,912 9,296 2016 5 10 1 4 (iii) 5 6 2004 5 10 (i) 3 (ii) 587,593 574,328 612,240 2016 5 10 1 4 (iii) 5 64
7 2004 5 10 (i) 3 (ii) 150,070 178,912 186,771 2016 5 10 1 4 (iii) 5 8 2004 5 10 2016 5 10 (i) 3 (ii) 1 75,580 47,432 46,325 4 (iii) 5 9 2004 5 10 (i) 3 (ii) 2,127,274 1,462,340 1,160,813 2016 5 10 1 4 (iii) 2 5 10 2004 5 10 2016 5 10 (i) 3 (ii) 1 8,559 14,573 26,067 4 (iii) 5 11 2004 5 10 2016 5 10 (i) 3 (ii) 1 43,054 29,955 48,723 4 (iii) 5 65
12 2004 5 10 2016 5 10 (i) 3 (ii) 1 31,926 506,001 677,901 4 (iii) 7 13 2004 5 10 (i) 3 (ii) 583,709 1,211,294 1,431,690 2016 5 10 4 (iii) 5 1 2 14 2007 4 10 (i) 3 (ii) 479,025 682,779 1,038,759 2016 4 10 1 4 (iii) 5 15 2012 12 31 2015 12 31 (i) 3 (ii) 1 20,072 82,658 81,392 4 (iii) 6 66
16 2009 12 31 2015 12 31 (a) 1 3,741,887 4,194,975 4,783,426 (b) (c) 17 2009 12 31 2015 12 31 (a) 1 364,000 1,211,900 22,500 (b) (c) 18 2009 12 31 2015 12 31 1 (a) 7,240 82,309 190,437 (b) (c) 1. 2. 3. 67
4. 5. 0% 12.25% 6. 7. 68
39 14A 14A 39 14A14A 14A (i) (ii) (iii) (i) (ii) 69
Graeme Jack (1) (2) (3) 14A.56 1. 2. 3. 4. 2.4 70
72 93 71
72
A. 1. Graeme Jack Graeme Jack www.cscl.com.cn 73
2. 3. (1) (2) (3) (4) (5) 2015 74
4. 5. (1) Graeme Jack (2) (3) 75
3 3 3 3 3 3 3 3 3 3 (1) 3 3 (1) 3 3 3 3 (1) 3 3 (1) 3 3 3 3 (2) 3 3 3 3 3 3 Graeme Jack (2) 3 3 (2) 3 3 (2) 3 3 1. 2. Graeme Jack (4) 76
6. 18 (1) (%) 18 17 1 14 100 1/1 0/2 18 14 1 14 100 0/1 0/2 18 18 0 14 100 1/1 2/2 (2) 17 14 3 13 100 1/1 0/1 18 18 0 14 100 1/1 0/2 (2) 17 13 4 13 100 0/1 0/1 18 17 1 14 100 0/1 0/2 18 15 3 14 100 0/1 0/2 (2) 1 1 0 1 100 0/0 0/1 (2) 1 1 0 1 100 0/0 0/1 77
(1) (%) 18 18 0 14 100 1/1 0/2 (3) 12 12 0 9 100 0/1 1/2 18 17 1 14 100 1/1 0/2 18 18 0 14 100 1/1 1/2 Graeme Jack (3) 11 11 0 9 100 0/1 1/1 (3) 6 5 1 5 100 0/0 0/0 (3) 7 7 0 5 100 0/0 0/1 1. 2. 3. Graeme Jack 7. 78
8. 100% 3 100% 3 100% 3 100% (1) 3 100% 3 100% (1) 3 100% 3 100% 3 100% (1) (1) 3 100% (2) 2 100% (2) 2 100% 3 100% 3 100% (2) 1 100% Graeme Jack (2) 1 100% 1. 2. Graeme Jack 79
9. (1) 100% 4 (1) 2015 3 26 2014 (2) 2015 4 24 2015 (3) 2015 8 24 1 2 3 4 80
1 2 (4) 2015 10 28 3 (1) 2015 3 16 1 2014 2 2014 3 2014 4 2014 5 2014 1 2014 2 2015 3 2015 4 2015 5 2014 (2) 2015 11 5 2016 81
(3) 2015 12 10 1. 2. 3. 4. 5. 7/7 100% 7/7 100% 7/7 100% 0/0 (1) (1) 82
(2) 83
100% 2/2 100% 2/2 100% 2/2 100% (1) 0/0 (1) (3) 84
100% 20152015 1/1 100% 1/1 100% (1) 1/1 100% 1/1 100% 1/1 100% (2) 0/0 100% 1/1 100% (2) 1/1 100% (1) (2) 85
(4) 2329 86
100% 1 1.1 1.2 1.3 2 Graeme Jack 3 1 1.1 1.2 4 1 1.1 1.2 87
4/4 100% (1) 2/2 100% 4/4 100% (2) 4/4 100% (1) 2/2 100% 4/4 100% (1) (2) 10. 11. H H H 88
12. 700,000 1 700,0011,300,000 2 1,300,001 5 10 13. 89
B. 1. 725 555 70 2. C. 90
D. 1. (1) 10% 10 (2) 10 10% (3) 90 10% (4) (5) (6) 91
2. 3% 3%10 2 3. (1) 3% 1% (2) (3) (4) 4. 628 23 200135 ir@cnshipping.com 92
E. F. G. 3.292015 12 3115 93
2015 2011 CCSCCS 94
95
A. B. 19100TEU EP-D MARPOL* IMO* 14100TEU19100TEU * * 77200BHP 96
2015 Alpha 20%MCRMC 15% 20%MCR 25% 15% ~ 20% 4700TEU20% 20151 14100TEU 5668TEU2 4250TEU 2015 1.6 CO 2 5 SO 2 900 2012 2007 50 % MCR 2009 40 % MCR 2012 30 % MCR 2013 25 % MCR 2014 20 % MCR 2015 15 % MCR 97
2015 3 26 1 2 3 4 5 6 2015 1 4 27 98
2015 8 27 1. 2. 3. 4. 2015 1 10 29 99
2015 12 11 1 2 < > 3 4 5 < > 6 7 8 100
1 2 3 4 5 101
104 201 2015 12 31 102
2015 12 31 2016 3 30 103
5 31,834,165 36,077,425 6 (32,788,268) (34,839,333) (954,103) 1,238,092 6 (1,951,930) (963,275) 7 715,009 788,350 8 (297,378) 898,527 (2,488,402) 1,961,694 11 (605,787) (468,294) 18 193,185 77,915 19 3,841 6,209 (2,897,163) 1,577,524 12 (41,972) (547,530) (2,939,135) 1,029,994 38,756 (2,939,135) 1,068,750 (2,950,234) 1,044,036 11,099 24,714 (2,939,135) 1,068,750 15 RMB(0.253) RMB0.089 RMB(0.253) RMB0.086 111 201 104
(2,939,135) 1,068,750 (5,682) 4,715 39,841 (32,334) 299,935 10,724 334,094 (16,895) (2,605,041) 1,051,855 (2,618,519) 1,027,451 13,478 24,404 (2,605,041) 1,051,855 111 201 105
16 38,336,163 36,369,808 2,037 2,093 17 15,572 18,916 18 3,954,706 3,754,380 19 56,243 52,402 20 4,026 32 4,358 10,479 42,369,079 40,212,104 24 898,955 1,185,498 25 1,930,882 2,384,511 675,706 401,953 20 697 26 1,410 500 26 11,001,051 9,355,888 14,508,004 13,329,047 56,877,083 53,541,151 27 11,683,125 11,683,125 28(a) 19,030 20,150 28(b) 17,206,241 16,873,604 28(c) (6,734,162) (3,784,442) 22,174,234 24,792,437 63,096 85,046 22,237,330 24,877,483 106
29 17,807,972 13,463,254 30 1,796,432 1,793,981 31 7,276 150,281 20 691 32 94 75 19,612,465 15,407,591 33 3,532,484 3,825,897 889,433 658,358 29 10,557,263 8,690,651 20 147 31 8,550 36,978 14,411 19,193 34 25,000 25,000 15,027,288 13,256,077 34,639,753 28,663,668 56,877,083 53,541,151 (519,284) 72,970 41,849,795 40,285,074 111 201 107
11,683,125 38,278 16,895,316 (4,845,260) 23,771,459 446,595 24,218,054 1,044,036 1,044,036 24,714 1,068,750 (32,334) (32,334) (32,334) 4,715 4,715 4,715 11,034 11,034 (310) 10,724 (16,585) 1,044,036 1,027,451 24,404 1,051,855 594 594 41,935 42,529 (883) (6,395) (7,278) (422,270) (429,548) (946) (946) (4,522) (4,522) 174,364 (174,364) (191,609) 191,609 674 (463) 211 (150) 61 11,683,125 20,150 16,873,604 (3,784,442) 24,792,437 85,046 24,877,483 108
11,683,125 20,150 16,873,604 (3,784,442) 24,792,437 85,046 24,877,483 (2,950,234) (2,950,234) 11,099 (2,939,135) 39,841 39,841 39,841 (5,682) (5,682) (5,682) 297,556 297,556 2,379 299,935 331,715 (2,950,234) (2,618,519) 13,478 (2,605,041) (35,365) (35,365) 214,520 (214,520) (215,640) 215,640 922 (606) 316 (63) 253 11,683,125 19,030 17,206,241 (6,734,162) 22,174,234 63,096 22,237,330 111 201 109
36(a) 721,536 2,819,487 (40,614) (106,399) 680,922 2,713,088 (3,787,692) (5,909,290) 36(b) 191,575 126,606 231,051 (7,538) (499,445) 33,622 19,308 6,205 12,600 237,155 161,178 (3,325,340) (5,859,325) (605,746) (574,690) 42,529 13,752,922 11,636,482 (8,980,102) (8,151,048) (143,752) (34,111) (27,681) (12,135) (946) (20,213) (4,522) 11,000 3,986,428 2,901,559 1,342,010 (244,678) 26 9,355,888 9,602,804 303,153 (2,238) 26 11,001,051 9,355,888 111 201 110
1 H A A-538 40 2015 12 11 (i) (ii) 111
2.1 519,284,000 2015 12 31 (a) (b) (c) 112
2.1 (i)(ii) (iii)(i)(ii) (iii) 2.2 19 (a) 19 (b) 88 113
2.2 1638 24 (c) 3 3 1313 939 13 13 40340 622 114
2.3 9 2 10 28 4 10 1 1228 11 1 14 3 15 2 1 1 16 1 38 1641 1 27 1 1 1 2 3 4 9 39 9 9 102810 28 115
2.3 11 3 11 15 15 15 2018 1 11515 1 (i) 1 (ii) (iii) (iv) 116
2.3 16381638 2.4 20% 5 117
2.4 12 31 118
2.4 119
2.4 (a) (i) (ii) (iii) 120
2.4 (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 5 121
2.4 25 5 30 40 12 8 20 3 8 122
2.4 20 123
2.4 124
2.4 125
2.4 (a) (b) 126
2.4 127
2.4 128
2.4 129
2.4 12 130
2.4 131
2.4 132
2.4 (a) (b) (c) (d) H 9 (a) 133
2.4 (a) 5%1,500 (b) 2.67% 134
2.4 135
3 (i) 2.4 16 (ii) 136
3 (ii) 10% 163,957,473200,392,466 10% 51,779,000 (iii) (iv) 2.4 137
4 4.1 (a) (i) 5% 67,836,000 15,493,000 (ii) 9% 12% 29 100 225,380,000 235,663,000 138
4 4.1 (a) (iii) 273,143,000 315,368,000 (b) 37889.9 139
4 4.1 (c) 2926 2,488,402,0002,939,135,000 680,922,000 26,633,768,000 110.01 140
4 4.1 (c) 1 1 2 2 5 5 10,557,263 6,278,509 7,345,871 4,183,592 1,800,000 442,949 465,157 506,907 412,573 9,306 7,284 224 3,487,545 44,939 684,163 8,690,651 2,734,020 7,371,352 3,357,882 1,800,000 480,065 351,036 508,396 261,630 47,128 47,147 121,585 3,825,897 503,860 141
4 4.2 28,365,235 22,153,905 1,796,432 1,793,981 15,826 187,259 (11,001,051) (9,355,888) 19,176,442 14,779,257 22,237,330 24,877,483 86.2% 59.4% 142
5 2015 12 312014 12 31 9,075,983 9,366,710 7,161,068 8,921,941 6,011,170 6,777,882 4,706,247 5,772,195 1,689,539 1,064,590 3,190,158 4,174,107 31,834,165 36,077,425 10% 143
6 10,530,909 10,473,533 5,872,398 9,315,693 4,405,750 2,958,644 2,152,374 2,024,404 16 1,784,202 1,531,369 1,347,252 1,289,719 6,695,383 7,245,971 32,788,268 34,839,333 540,953 554,912 85,884 95,325 74,929 67,008 16 39,704 25,217 2,569 5,925 14,723 12,800 16 821,982 17 7,669 6,194 (9,466) (210) 372,983 196,104 1,951,930 963,275 34,740,198 35,802,608 144
7 173,547 199,594 257,720 279,784 (a) 255,044 295,002 28,698 13,970 715,009 788,350 (a) 8 (253,337) (18,399) 35 947,456 (51,606) (30,530) 7,565 (297,378) 898,527 145
9 1,157,366 1,098,753 755,064 745,141 (24,225) 737 1,888,205 1,844,631 <H >H H1H H 30% 60% 100% Binomial 146
9 2.84 79,875 2.83 85,052 2.84 (79,875) 2.68 (5,177) 2.84 79,875 Binomial 60%2%0.1% 24,225,000 147
10 (A) (a) (b) 1,500 198 1,698 150 150 (c) 182 182 (d) 150 150 150 150 (e) (f) Graeme Jack(g) 79 79 (h) 119 119 (i) 890 79 969 150 150 821 118 939 (j) 623 113 736 148
10 (A) 1,350 185 1,535 1,305 188 1,493 1,350 182 1,532 1,305 182 1,487 1,260 182 1,442 1,350 182 1,532 1,290 182 1,472 640 111 751 14,664 1,902 16,566 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 149
10 (A) 9 2,218,050 3,334,050 (a) (a) 799 128 927 2,604,000 (b) 1,240,000 (b) 138 138 300 300 75 75 138 138 138 138 631 120 751 246,450 138 138 (j) 180 180 (c) 658 60 718 150
10 (A) 9 (d) 349 62 411 2,604,000 (e) 500 63 563 (f) 1,399,650 643 119 762 1,240,000 638 122 760 1,395,000 (g) 480 58 538 (g) 480 76 556 (g) 663 59 722 1,395,000 663 59 722 (h) 399 52 451 (i) 67 67 1,240,000 1,107 6,970 978 9,055 18,916,200 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 151
10 (A) 201520142015 2014 24,225,000115,000 (B) (a) (C) 11 608,409 499,845 7,608 12,230 616,017 512,075 (10,230) (43,781) 605,787 468,294 2.67%2.19% 152
12 (a) 32,445 57,205 (b) 537 1,597 2,850 2,625 32 6,140 486,103 41,972 547,530 (a) 25% 25% (b) 16.5% 16.5%) 153
12 (c) (2,897,163) 1,577,524 25%25% (724,291) 394,381 500,962 17,511 229,680 316,850 (49,256) (21,031) 66,368 (189,402) 18,509 29,221 41,972 547,530 13 154
13 132,876 (79,620) (25,745) 22,945 (7,023) (21,786) 1,289 25,617 48,553 48,553 (9,797) 38,756 155
13 19,112 (483,783) 313,926 2,901 (147,844) 0.31 0.31 36,046,000 15 11,683,125,000 14 156
15 (2,950,234) 1,007,990 36,046 11,683,125 11,683,125 157
16 27,488,053 2,343,830 5,121 223,666 18,543 2,065,730 145,351 32,290,294 46,924 5,677 7 8,413 112 61,133 56,179 4,981,236 26,246 46,298 838,928 21,957 5,970,844 6,539,672 (6,539,672) 56,983 (57,358) 375 (129,531) (176) (10,332) (1,473) (141,512) (175,906) (12) (78,447) (254,365) 6 (1,370,025) (11,112) (1,331) (134,347) (39,771) (1,556,586) 32,631,272 791,071 77,245 46,253 7,483 2,768,380 48,104 36,369,808 41,365,275 791,071 178,890 52,978 7,483 3,891,517 358,808 46,646,022 (8,734,003) (101,645) (6,725) (1,123,137) (310,704) (10,276,214) 32,631,272 791,071 77,245 46,253 7,483 2,768,380 48,104 36,369,808 32,631,272 791,071 77,245 46,253 7,483 2,768,380 48,104 36,369,808 1,041,680 41,848 181,296 2,714 1,267,538 45,059 2,441,206 3,301 8,003 710,589 569,170 12,228 3,789,556 2,661,232 (2,661,232) (717,862) 717,862 (379,939) (1,320) (62,299) (1,293) (444,851) (729,849) (12,770) (79,363) (821,982) 6 (1,565,926) (20,374) (1,609) (218,276) (17,721) (1,823,906) 33,703,529 600,123 60,172 51,327 210 3,876,770 44,032 38,336,163 44,354,412 612,893 182,191 57,370 210 5,283,537 260,320 50,750,933 (10,650,883) (12,770) (122,019) (6,043) (1,406,767) (216,288) (12,414,770) 33,703,529 600,123 60,172 51,327 210 3,876,770 44,032 38,336,163 158
16 (a) 35,772,000 240,991,000 (b) 11,497,768,000 8,344,784,00029 (c) 5,811,706,0003,206,648,000 (d) 10,230,000 43,781,000 (e) 838,000,000 17,886,000 (f) 32015 12 31 821,982,000 2015 12 3133,703,529,00 600,123,000 3,876,770,0002015 12 317.7% (g) 1,784,202,000 39,704,000 6 1,531,369,000 25,217,000 159
17 20,406 9 4,886 (191) 6 (6,194) 18,916 47,455 (28,539) 18,916 18,916 (7) 4,393 (61) 6 (7,669) 15,572 51,780 (36,208) 15,572 7,669,000 6,194,000 160
18 3,913,403 3,713,077 41,303 41,303 3,954,706 3,754,380 39 49% 8,620,135,795 161
18 401,661 372,517 282,628 136,282 84,895 (108,019) 367,523 28,263 404,746 740,686 7,940,687 7,752,241 (361,419) (816,497) (256,049) (341,963) (441,665) (416,064) 7,286,300 6,918,403 49% 49% 3,570,287 3,390,017 25,452 25,452 3,595,739 3,415,469 54,697 56,374 (1,758) 4,613 52,939 60,987 358,967 338,911 162
19 56,243 52,402 3,841 6,209 3,841 6,209 56,243 52,402 20 4,723 4,026 697 838 691 147 163
20 380,755,200 1.37%-1.58% 21 25 1,930,882 2,384,511 405,789 245,418 26 1,410 500 26 11,001,051 9,355,888 13,339,132 11,986,317 33 3,532,484 3,825,897 835,359 503,860 29 28,365,235 22,153,905 30 1,796,432 1,793,981 31 15,826 187,259 34,545,336 28,464,902 20 (838) 4,723 164
22 4,723 4,723 17,807,972 13,463,254 17,628,806 13,451,171 1,796,432 1,793,981 1,794,540 1,784,964 838 838 7,276 150,281 7,276 150,281 19,612,518 15,407,516 19,431,460 15,386,416 165
22 166
22 (838) (838) 17,628,806 17,628,806 1,794,540 1,794,540 7,276 7,276 19,430,622 19,430,622 4,723 4,723 13,451,171 13,451,171 1,784,964 1,784,964 150,281 150,281 15,386,416 15,386,416 167
23 (A) 1,816,116,000 2,344,821,000 25 (B) 1 2 3 1* 1,559,315 945,942 2 4,343,744 3,435,441 3 5,097,992 4,974,505 11,001,051 9,355,888 * 168
24 550,247 899,160 348,708 286,338 25 898,955 1,185,498 39(c) 247,526 333,418 1,481,062 1,858,108 1,728,588 2,191,526 202,294 192,985 1,930,882 2,384,511 1,816,116 2,344,821 166,337 56,954 815 49,410 326 222 819 952 1,984,413 2,452,359 (53,531) (67,848) 1,930,882 2,384,511 169
25 1,120,284 1,396,135 676,060 887,172 14,049 46,155 120,489 55,049 1,930,882 2,384,511 168,297,000 107,539,000 53,531,000 67,848,000 67,848 68,355 (297) 6 (14,317) (210) 53,531 67,848 170
26 6,026,996 4,358,371 4,975,465 4,998,017 11,002,461 9,356,388 (1,410) (500) 11,001,051 9,355,888 4,770,204 4,476,370 68,980 56,153 5,841,954 4,607,985 319,913 215,380 11,001,051 9,355,888 1,410,000 500,000 27 A H 11,683,125 7,932,125 3,751,000 11,683,125 1 11,683,125,00011,683,125,0007,932,125,000 A3,751,000,000 H7,932,125,000 A3,751,000,000 H 171
28 (A) < > 1% (B) 17,025,432 1,355,763 (1,485,879) 16,895,316 (32,334) (32,334) 4,715 4,715 594 594 (6,395) (6,395) 11,034 11,034 674 674 16,992,686 1,355,763 (1,474,845) 16,873,604 16,992,686 1,355,763 (1,474,845) 16,873,604 39,841 39,841 (5,682) (5,682) 297,556 297,556 922 922 17,027,767 1,355,763 (1,177,289) 17,206,241 172
28 (C) 10% 50% 25% 29 16,558,612 12,251,354 39(c) 1,249,360 1,211,900 17,807,972 13,463,254 2,697,433 1,407,370 4,870,200 2,447,600 2,989,630 4,835,681 10,557,263 8,690,651 28,365,235 22,153,905 1,249,360 1,211,900 18,317,115 13,281,412 8,798,760 7,660,593 28,365,235 22,153,905 173
29 10,557,263 8,690,651 6,278,509 2,734,020 7,345,871 7,371,352 4,183,592 3,357,882 28,365,235 22,153,905 (i) 11,497,768,000 8,344,784,000 16(b) (ii) 1,200,000 600,000 254,246 613,980 26,910,989 20,939,925 28,365,235 22,153,905 174
29 3.48% 2.48% 2.16% 2.85% 3.60% 3.35% 2.86% 4.75%6.00%) 17,807,972 13,463,254 17,628,806 13,451,171 25,615,110 305,950 1,018,658 1,755,168 26,633,768 2,061,118 175
30 1,796,432 1,793,981 1,800,000,000 4.51% 1,800,000,00024,512,000 1,794,540,341 1,784,964,000 4.75%6.00% 31 9,306 756 8,550 47,128 10,150 36,978 7,284 228 7,056 47,147 7,939 39,208 224 4 220 121,585 10,512 111,073 16,814 988 15,826 215,860 28,601 187,259 (9,306) (756) (8,550) (47,128) (10,150) (36,978) 7,671 232 7,276 168,732 18,451 150,281 176
31 5.75 %5.78% 4.75%6.00% 32 4,358 10,479 (94) (75) 4,264 10,404 10,404 496,507 12 (6,140) (486,103) 4,264 10,404 177
32 485,639 10,895 496,534 (485,639) (416) (486,055) 10,479 10,479 (6,121) (6,121) 4,358 4,358 (27) (48) (75) (19) (94) 5,264,378,000 20143,260,530,000 5,049,905,000214,473,000 20143,478,916,000141,614,000 178
33 39(c) 772,974 873,069 2,759,510 2,952,828 3,532,484 3,825,897 3,393,596 3,782,579 27,586 8,961 45,308 11,196 21,055 14,847 44,939 8,314 3,532,484 3,825,897 1,985,913 1,910,611 52,830 71,067 1,266,061 1,734,502 227,680 109,717 3,532,484 3,825,897 179
34 25,000 25,000,000 35 1,689,362 90,306 3,431 1,145,642 44,151 1,238,676 10,867 117,756 78,741 492,648 (372,000) (29,436) (220,066) (707,000) 208 (422,270) 3,161,016 (883) (6,395) 947,456 4,101,194 678,134 3,423,060 4,101,194 180
35 100% 305,411,000 100% 372,723,000 100% 49% 2,782,975,935 49%3,423,060,000 2,770,845,000 652,215,000 678,134 (447,083) 231,051 181
36 (A) (2,897,163) 1,577,524 48,553 16 821,982 51,606 16 1,823,906 1,596,318 17 7,669 6,718 (19,201) (193,185) (79,204) (3,841) (31,826) 598,138 477,755 11 7,608 12,230 (173,547) (201,610) 9 737 24,225 (9,466) (566) 253,337 28,403 35 (947,456) 311,269 2,468,375 286,543 360,689 576,012 81,793 (342,213) (13,157) (910) 1,600 (293,413) (52,640) 184,248 (27,173) 721,536 2,819,487 182
36 (B) 444,912 141,512 (253,337) (18,399) 3,493 191,575 126,606 37 (A) 5,460,858 1,755,168 183
37 (B) 131,479 82,526 190,439 177,947 80,145 44,971 402,063 305,444 3,332,396 2,724,802 4,195,901 5,091,447 506,129 1,039,428 8,034,426 8,855,677 8,436,489 9,161,121 184
37 (C) 1,019,888 488,492 171,841 429,016 3,300 1,191,729 920,808 38 39 24 185
186 39 (A)
39 (B) 600,000 611,900 40,016 46,754 156,736 113,616 1,321,407 2,325,178 23,108 793 92,467 25,268 13,970 154,981 154,107 3,300 9,296 17,912 81,392 82,658 612,240 574,328 186,771 178,912 46,325 47,432 1,160,813 1,462,340 26,067 14,573 48,723 29,955 677,901 506,001 1,431,690 1,211,294 1,038,759 682,779 5,810 2,939 500,000 83 6,899 65,515 46,020 187
39 (C) 1,249,360 1,211,900 1,081 1,132 272,666 343,746 (8,180) (10,328) 264,486 333,418 772,974 873,069 25,724 5,421 3,873,318 2,964,893 188
39 (D) (E) 14,664 4,882 1,902 670 (37) 37 16,529 5,589 189
40 (A) 100% 10,000,000 100% 10,000,000 100% 10,000,000 100% 10,000,000 100% 71,140,000 100% 10,000,000 100% 10,000,000 100% 10,000,000 98.2% 1.8% 682,911,111 10% 90% 5,000,000 100% 3,000,000 45% 55% 6,500,000 10% 90% 5,000,000 500,000 10% 90% 190
40 (A) 500,000 1,000,000 2,000,000 7,000,000 500,000 500,000 500,000 500,000 1,500,000 1,550,000 500,000 1,000,000 500,000 500,000 5,000,000 5,000,000 100% 100% 100% 45% 55% 100% 10% 90% 10% 90% 10% 90% 100% 10% 90% 10% 90% 10% 90% 10% 90% 10% 90% 100% 100% 191
40 (A) 500,000 5,000,000 5,000,000 1,500,000 1,550,000 500,000 1,500,000 5,000,000 5,000,000 5,000,000 5,500,000 6,000,000 2,000,000 8,000,000 5,000,000 10% 90% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 75.5% 100% 100% 192
40 (A) 100% 2,000,000 100% 5,000,000 100% 5,000,000 100% 500,000 100% 500,000 100% 11,100,000 100% 8,500,000 100% 500,000 25%* 20,000,000 100% 10,000,000 * 25% 193
40 (A) 1,000,000 1,627,558,800 100% 100% 10,000,000 100% 66,000,000 100% 1,000,000 52,550,000 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 194
40 (A) 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% 10,000 100% Yangshan A Shipping Company Limited Yangshan B Shipping Company Limited Yangshan C Shipping Company Limited Yangshan D Shipping Company Limited 514,465,000 50,000 50,000 50,000 50,000 100% 100% 100% 100% 100% 195
40 (A) Yangshan E Shipping 100% Company Limited 50,000 Arisa Navigation Company Limited 100% 1,000 100% 2,000,000 100% 1,700,000 95% 5% 5,852,000 60% 1,000,000 10,000,000 91% 5,000,000 60% 50,000,000 196
40 (B) 25% 600,000,000 20.07% 136,600,000 49% 8,620,135,795 (C) 50% 74,000,000 45% 10,000,000 50% 100,000 197
41 15,155,948 16,487,795 10,032 12,011 6,250 12,104,329 12,146,838 3,644,569 3,644,569 41,500 41,500 30,956,378 32,338,963 573,141 652,209 942,689 1,069,273 255,964 237,268 5,610,905 5,394,887 100 7,382,799 7,353,637 38,339,177 39,692,600 11,683,125 11,683,125 14,902 19,012,889 19,012,889 (3,025,718) (1,437,547) 27,670,296 29,273,369 198
41 600,000 600,000 1,796,432 1,793,981 2,396,432 2,393,981 3,574,368 4,948,341 4,673,081 2,054,512 997,397 25,000 25,000 8,272,449 8,025,250 10,668,881 10,419,231 38,339,177 39,692,600 (889,650) (671,613) 30,066,728 31,667,350 199
41 34,832 19,012,889 (2,134,094) 16,913,627 676,617 676,617 160,531 (160,531) (180,461) 180,461 14,902 19,012,889 (1,437,547) 17,590,244 14,902 19,012,889 (1,437,547) 17,590,244 (1,603,073) (1,603,073) 193,520 (193,520) (208,422) 208,422 19,012,889 (3,025,718) 15,987,171 200
42 12016 2 1 388,674,125 A 3.33% 467,325,000 A 4.00%2016 1 12 4,458,195,175 A100,944,000 H39.02% 43 2016 3 30 201
27,908,895 32,997,924 33,917,357 36,077,425 31,834,165 (2,663,225) 436,096 (2,418,070) 1,961,694 (2,488,402) (140,523) (506,357) (457,618) (468,294) (605,787) (2,800,054) (26,447) (2,828,387) 1,577,524 (2,897,163) (42,381) 460,547 (36,290) (547,530) (41,972) (2,842,435) 434,100 (2,864,677) 1,029,994 (2,939,135) 141,962 139,510 280,632 38,756 (42,996) (48,689) (26,053) (24,714) (11,099) (2,743,469) 524,921 (2,610,098) 1,044,036 (2,950,234) 39,094,542 38,281,157 33,233,743 40,212,104 42,369,079 10,317,948 12,924,106 17,583,145 13,329,047 14,508,004 9,791,948 6,350,317 13,703,549 13,256,077 15,027,288 12,719,853 17,381,285 12,895,285 15,407,591 19,612,465 26,900,689 27,473,661 24,218,054 24,877,483 22,237,330 202