% - PDF Free Download

時代廣場二座39樓3904-3907室 www.tianjinportdev.com 天津港發展控股有限公司 Tianjin Port Development Holdings Limited 香港銅鑼灣勿地臣街1號天津港發展控股有限公司 Tianjin Port Development Holdings Limited (於開曼群島註冊成立之有限公司 ) 股份代號:03382 2014 年年報年報

2006 5 24 03382 1968 1980 2010 2 56.81% 30 201471 23 48 14 2014

1 2 4 6 8 16 26 52 54 55 56 58 59 60 61 115 116

1997 2001 1601 2004 3C2S(GPS)(GIS) 11 2006 2006 5 12.6 1,100180 2

2007 19 2008 40%1,100170 2010 56.81% 2010 1,000 2011 50%4682,00030 2014 30 400 2,300 3

12 31 2014 2013 286.77 253.23 14.06 13.01 234.63 209.53 6.87 6.51 12 31 2014 2013 33,560 22,109 2,643 2,425 819 811 13.3 13.2 2,570 1,462 12 31 2014 2013 12,006 11,489 13,522 12,510 25,528 23,999 49,115 44,071 15,050 13,535 59.0% 56.4% 1.2 1.3 1.9 1.9 4

10 11 12 13 14 10 11 12 13 14 10 11 12 13 14 10 11 12 13 14 5

LETTER TO SHAREHOLDERS

2014 2014 2014 43,030.4 3.4% 2013 4.22014 ; 2014 4.461,405.7 8.2 13.3 5.32 40% 2015 2014 30 2014 2014 3 2014 3 27 36 2015 3 25 7

2014 12 3144,578 10.0% 8.0% 1,405.7 8.2 13.3 2014 5.32 335.6 51.8% 2014 2013 58.6 51.6 7.0 13.5% 19.5 18.8 0.7 4.0% 227.1 121.9 105.2 86.3% 30.4 28.8 1.6 5.5% 335.6 221.1 114.5 51.8% 9

28,677 13.2% 12.0% 19.3% 2014 2013 23,463 20,953 2,510 12.0% 5,214 4,370 844 19.3% 28,677 25,323 3,354 13.2% 11,050 11.2%8,88522.6%2,6212.2%2,002 32.8%1,874 6.8% 25.0 0.41.6% 58.6 13.5% 10

1,405.7 8.0% 5.5%10.5% 2014 2013 687.1 651.0 36.1 5.5% 718.6 650.2 68.4 10.5% 1,405.7 1,301.2 104.5 8.0% 284.5 1.5%4.0% 19.5 227.1 86.3% 18,192 1.8%51,108 1.1%8,123 6.7% 11,437 1.5% 30.4 5.5% 11

289.2 60.8%45.1 11.6%224.2 85.7% 19.9 6.0% 8.2% 21.8 3.7 19.0%1.3 45.9% 2015 12

2014 12 31 120.1 2014 12 3161.58100.42014 12 31 1.63 2014 12 31 1.6 25.7 11.1 29.1 18.2 3.9 1.88.2 5.014.015.4 3.7 2014 12 31 75.5 2013 12 3163.0 2014 12 31 150.5 2013 12 31 135.3 38.0 97.6 14.927.2% 7.8% 65.0% 6.4 0.7% 2014 12 31 59.0% 2013 12 3156.4% 1.2 2013 12 311.32014 12 31 13

2014 12 31 1,580 20131.3 2014 12 31 150.5 62.9% 37.1% 1. (1) 15.019.020141.21.6 2014 12 31 11.8 15.0 (2) 26 29.937.92014 4.2 5.3 2014 12 31 27.4 34.7 1 30 2,300 2014 11 14

2. 2014 2 48% 2.22.8 2014 5 3. 2014 1045% 6.38.0 2014 12 31 8,1221.0 2014 12 31 2014 12 3110,500 2015 3 25 15

2014 12 31 2014 12 31 2014 12 31 www.tianjinportdev.com www.tianjinportdev.com www.hkexnews.hk 17

2014 2014 1 4/4 1/1 1/1 1 2/4 0/1 0/1 2 3/3 2 0/3 7/7 1/1 1/1 7/7 1/1 1/1 3 2/2 0/1 4 4/4 0/1 7/7 1/1 1/1 7/7 1/1 1/1 7/7 1/1 1/1 1. 2014 3 27 2. 2014 3 27 3. 2014 9 16 4. 2014 6 30 2014 18

2014 3 27 2014 3 27 2014 6 30 2014 9 16 2014 19

3.13 www.tianjinportdev.comwww.hkexnews.hk 2014 2/2 3/3 3/3 2/2 2/2 2/2 2/2 3/3 2/2 2014 20

2014 2014 12 31 2014 2014 12 31 21

2014 12 31 7 23 B.1.5 2014 12 31 1,500,001 2,000,000 1 2,000,001 2,500,000 1 2014 12 31 2013 2014 2014 2013 22

2014 12 31 2014 12 31 2,200,000 86,500 52 53 (i) (ii) 2011 5 1 2014 12 31 3.29 23

ir@tianjinportdev.com 113 (i) (ii)13.51(2) 13.73 24

2014 6 5 2014 12 10 www.tianjinportdev.comwww.hkexnews.hk 2014 12 31 25

2014 12 31 33 2014 12 31 3 2014 12 31 54 2014 12 31 5.32 2015 6 11 115 23 2014 12 3124 58 13 2014 12 3125 27

2014 12 31 34% 14% 69% 30% 5% 2012 8 16 2,000,000,000 2012 8 20 800,000,000 2015 8 10 2013 8 26 300,000,000 2013 11 21 400,000,000 2013 12 17 500,000,000 2013 12 18 400,000,000 28

2014 3 28 500,000,000 2014 8 29 500,000,000 (1)(2)35% 2014 12 31 4,100,000,000 2006 4 26 2006 4 26 10% 30% 1% 128,050,000 2.1% 29

1 (i)(ii) (iii) 2014 12 31 2014 1 1 2014 12 31 1 2 27/03/2014 1.24 3,450,000 3,450,000 27/09/2014 26/03/2024 2 27/03/2014 1.24 3,300,000 3,300,000 27/09/2014 26/03/2024 3 03/02/2007 2.74 1,900,000 (1,900,000) 03/08/2007 03/02/2017 25/01/2008 4.24 400,000 (400,000) 25/07/2008 24/01/2018 28/06/2012 0.896 1,150,000 (1,150,000) 28/12/2012 27/06/2022 3 08/04/2010 2.34 2,200,000 (2,200,000) 08/10/2010 07/04/2020 28/06/2012 0.896 1,100,000 (1,100,000) 28/12/2012 27/06/2022 08/04/2010 2.34 2,100,000 2,100,000 08/10/2010 07/04/2020 28/06/2012 0.896 1,050,000 1,050,000 28/12/2012 27/06/2022 15/10/2010 1.846 1,000,000 1,000,000 15/04/2011 14/10/2020 28/03/2011 1.904 1,000,000 1,000,000 28/09/2011 27/03/2021 28/06/2012 0.896 1,000,000 1,000,000 28/12/2012 27/06/2022 4 16/09/2014 1.514 1,100,000 1,100,000 16/03/2015 15/09/2024 5 01/09/2009 3.036 1,100,000 (1,100,000) 01/03/2010 31/08/2019 28/06/2012 0.896 550,000 (550,000) 28/12/2012 27/06/2022 30

2014 1 1 2014 12 31 1 25/01/2008 4.24 300,000 300,000 25/07/2008 24/01/2018 28/06/2012 0.896 150,000 150,000 28/12/2012 27/06/2022 25/01/2008 4.24 300,000 300,000 25/07/2008 24/01/2018 28/06/2012 0.896 150,000 150,000 28/12/2012 27/06/2022 28/06/2012 0.896 450,000 450,000 28/12/2012 27/06/2022 08/04/2010 2.34 1,000,000 (1,000,000) 08/10/2010 07/04/2020 29/04/2011 1.828 700,000 700,000 29/10/2011 28/04/2021 28/06/2012 0.896 1,900,000 (500,000) 1,400,000 28/12/2012 27/06/2022 01/09/2009 3.036 1,100,000 1,100,000 01/03/2010 31/08/2019 28/06/2012 0.896 550,000 550,000 28/12/2012 27/06/2022 19,500,000 7,850,000 (8,250,000) 19,100,000 1. 2014 3 272014 9 16 1.251.49 2. 2014 3 27 3. 2014 3 27 4. 2014 9 16 5. 2014 6 30 6. 2014 12 31 2014 12 31 23 2 31

2014 12 31 18 2014 3 27 2014 3 27 2014 3 27 2014 3 27 2014 9 16 2014 6 30 108 32

492014 3 27 19862011 20102011 60071720112013 2013 8 2014 7 00882 33

52 2014 3 27 19832006 20062009 20112013 2011 48% 522010 4 8 1992 31998 7 1998 8 2004 1 2004 12007 22010 42010 4 2009 1 522011 3 28 1987 2000 2009 1983 19962006 2006 2010 34

44 2014 9 16 1992 1995 2005 0082802886 632005 9 8 1976University of Texas at Austin 1986 2012 1993 2002 Cullen College of EngineeringUniversity of Houston McDonnell Douglas Ford Aerospace 0069402886 0007800639 06116 0827108348 35

57 2005 9 8 2009 7 20031997Burkes University Heriot-Watt University1992 Curtin University of Technology L&E Consultants Limited 0061000240 0339802689 00352 2003 2 2005 3 006591992 3 2005 3 00017 50 2012 6 28 01140 36

462011 5 1 2007 9 422012 3 281999 2008 2014 12 31571 XV352 3,450,000 (L) 0.06% 3,300,000 (L) 0.05% 3,150,000 (L) 0.05% 3,000,000 (L) 0.05% 1,100,000 (L) 0.02% 2,700,000 (L) 450,000 (L) 0.05% 450,000 (L) 0.01% 450,000 (L) 0.01% (L) 37

2014 12 31 XV 352 2014 12 31 336 1 3,294,530,000 (L) 53.5% 1 3,294,530,000 (L) 53.5% Leadport Holdings Limited2 1,293,030,000 (L) 21.0% 2 1,293,180,000 (L) 21.0% 3 1,303,010,000 (L) 21.2% 1,303,010,000 (L) 21.2% 3 1,303,010,000 (L) 21.2% 3 3 1,303,010,000 (L) 21.2% (L) 1. 2. Leadport Holdings Limited 3. 2014 12 31 6,820,000 3,010,0000.2% 38

2014 12 31 336 53.5% (A) 2014 12 31 14A 1. 2014 2 12 463,481,864.65 241,010,569.62222,471,295.03 48 2014 2 12 2. 2014 3 28 45,070,000 2014 3 28 600,000 39

2014 3 28 3. 2014 8 28 35%7,796,000 2014 8 28 4. 2014 8 28 6,100,000 2014 8 28 3,570,000 2014 8 28 3,700,000 2014 8 28 520,000 40

2014 8 28 5. 2014 10 23 40t-43m 14,810,000 2014 10 23 6. 2014 10 23 12t-33m 14,990,000 2014 10 23 7. 2014 10 23 40t-45m32,710,000 2014 10 23 41

8. 2014 12 11 73,810,000 2014 12 11 720,000 2014 12 11 (B) (i)(ii) (iii) Hong Kong Standard on Assurance Engagements 3000 3000 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information Practice Note 740 Auditor s Letter on Continuing Connected Transactions under the Hong Kong Listing Rules 14.56 4349 42

2014 12 31 (1) 213,000 150,130 189,463 1,931,000 1,132,644 1,429,385 80,000 6,447 8,137 312,000 101,313 127,856 23,000 8,108 10,233 79,000 48,182 60,806 26,000 24,669 31,133 34,000 (1) 2,200,000 2,199,903 2,788,571 42,432 42,432 53,549 (2) 99,000 (3) 83,160 30,300 38,239 2014 12 31 14A 1. 2011 11 9 2012 1 1 2014 12 31 43

(1) (2) (3) 44

(1) (2) (3) (1) (2) (3) 45

(1)(2) 46

(1)(2) (3)(4) (1) (2) (3) 2011 11 92014 12 312014 10 23 2015 1 1 2017 12 31 2014 10 232014 11 10 2014 11 21 2017 12 31 2014 12 10 2. 2011 11 92012 1 12014 12 31 47

2011 11 9 2011 11 24 3. 2012 9 262013 1 1 2015 12 31 (1) (1)(2) (5)(3) (4)(5) (6) 2012 9 26 2012 11 27 4. 2014 3 27 2014 3 272014 12 31 48

2014 3 27 2014 3 272014 12 312014 10 23 2015 1 1 2017 12 31 2014 10 23 5. 2004 4 2008 7 (1) (2) (3) (4) 2009 6 15 2009 6 19 49

2014 12 31 14A 2014 12 31508,429,000 641,632,000 2014 12 31 30 (1) 1 161,453 818,596 247,151 269,607 1,052 11,039 (2) 2 103,088 722,344 18,786 42,102 183,838 390,030 (3) 2 128,083 91,491 2,993 193,378 1. 2. 50

14A 2014 12 31 16 25 2015 3 25 51

54 114 2014 12 31 52

2014 12 31 2015 3 25 53

2014 12 31 2014 2013 3 33,559,969 22,108,849 (74,357) (67,560) (28,917,206) (17,985,873) 4,568,406 4,055,416 4 292,439 396,820 (2,183,040) (2,017,083) (35,220) (9,929) 2,642,585 2,425,224 5 (478,915) (427,670) 374,553 314,718 126,910 86,972 6 2,665,133 2,399,244 8 (601,496) (466,645) 2,063,637 1,932,599 819,125 811,047 1,244,512 1,121,552 2,063,637 1,932,599 11 13.3 13.2 13.3 13.2 61 114 54

2014 12 31 2014 2013 2,063,637 1,932,599 162,170 (9,712) (75,271) 704,512 86,899 694,800 2,150,536 2,627,399 836,929 1,152,172 1,313,607 1,475,227 2,150,536 2,627,399 61 114 55

2014 12 31 2014 2013 12 5,834,689 5,423,843 13 21,895,298 21,682,171 14 51,115 47,121 16 3,128,977 2,604,950 17 2,616,927 2,390,517 18 601,279 385,297 19 132,587 170,757 34,260,872 32,704,656 20 705,088 529,336 21 6,595,327 4,538,709 22 845,938 585,093 22 817,594 22 5,890,558 5,713,093 14,854,505 11,366,231 49,115,377 44,070,887 23 615,800 615,800 24 5,472,447 5,659,497 5,917,549 5,213,773 12,005,796 11,489,070 13,521,761 12,510,022 25,527,557 23,999,092 61 114 56

2014 12 31 2014 2013 25 11,253,584 11,303,706 19 332,702 247,301 1,047 1,051 11,587,333 11,552,058 26 8,050,178 6,169,059 153,980 119,660 25 3,796,329 2,231,018 12,000,487 8,519,737 23,587,820 20,071,795 49,115,377 44,070,887 2,854,018 2,846,494 37,114,890 35,551,150 61 114 57

2014 12 31 2014 2013 13 4,254 5,326 15 18,852,086 18,737,545 17 666,289 668,577 18 33,600 33,600 19,556,229 19,445,048 21 116,422 76,961 15 255,239 256,115 22 109,331 41,055 480,992 374,131 20,037,221 19,819,179 23 615,800 615,800 24 15,009,799 15,387,723 263,683 287,365 15,889,282 16,290,888 26 441,270 253,560 12,899 7,041 15 3,693,770 3,267,690 4,147,939 3,528,291 20,037,221 19,819,179 (3,666,947) (3,154,160) 15,889,282 16,290,888 61 114 58

2014 12 31 2013 1 1 615,800 5,355,847 4,500,111 10,471,758 11,189,020 21,660,778 341,125 811,047 1,152,172 1,475,227 2,627,399 109,163 (109,163) (134,860) (134,860) (577,993) (712,853) 424,005 424,005 (11,778) 11,778 (237) (237) 2013 12 31 615,800 5,659,497 5,213,773 11,489,070 12,510,022 23,999,092 17,804 819,125 836,929 1,313,607 2,150,536 115,349 (115,349) 3,821 3,821 3,821 (323,911) (323,911) (658,678) (982,589) 367,317 367,317 419 419 (113) (113) (10,926) (11,039) 2014 12 31 615,800 5,472,447 5,917,549 12,005,796 13,521,761 25,527,557 61 114 59

2014 12 31 2014 2013 27 2,954,027 1,783,824 116,245 99,800 (499,918) (421,986) 2,570,354 1,461,638 (1,780,365) (3,064,865) (28,739) (300,324) (11,671) (17,739) (1,052) (390,030) (180,243) (8,904) 4,094 32,079 2,020 1,380 65,349 231,225 157,312 45,400 9,078 14,255 17,327 (817,594) (2,912,700) (3,109,307) 5,944,043 6,989,383 (4,399,476) (4,219,707) (634,371) (557,748) (150,619) (62,710) (614,987) (698,615) 367,317 424,005 (11,039) (306) 500,868 1,874,302 158,522 226,633 1 1 5,713,093 5,263,950 18,943 222,510 12 31 5,890,558 5,713,093 61 114 60

2014 12 31 1. 1 39 3904 3907 2015 3 25 2. 2.1 32 32 (a) 2014 1 1 32 36 39 10 12 272011 21 61

2014 12 31 2. 2.1 (b) 20102012 2 20112013 1 20122014 3 1 3 16 3 38 16 3 41 192011 1 272011 1 9 2014 5 10 3 282011 10 3 12 282011 11 3 14 3 15 4 1 2014 7 1 2 2014 7 1 3 2016 1 1 4 2017 1 1 5 2018 1 1 622 358 9 2014 3 3 62

2014 12 31 2. 2.2 12 31 (a) 2.8 (i) 63

2014 12 31 2. 2.2 (a) (ii) (b) (c) 64

2014 12 31 2. 2.2 (d) 20% 50% 2.8 (e) 2.8 65

2014 12 31 2. 2.2 (e) 2.8 2.3 2.4 (a) (b) 66

2014 12 31 2. 2.4 (c) 2.5 2.8 2.6 5 10 67

2014 12 31 2. 2.7 5 40 35 50 8 35 5 10 5 12 2.8 68

2014 12 31 2. 2.8 2.9 (a) 2.12 2.13 (b) 69

2014 12 31 2. 2.10 (a) (b) 2.11 70

2014 12 31 2. 2.12 2.13 2.14 2.15 2.16 12 71

2014 12 31 2. 2.17 2.18 72

2014 12 31 2. 2.19 (a) (b) (c) (a) (b)37 12 73

2014 12 31 2. 2.20 2.21 18 2.22 (a) (b) 2.23 2.24 74

2014 12 31 2. 2.25 2.26 2.27 3. 75

2014 12 31 3. 2014 12 31 7,814,657 23,733,101 3,821,545 35,369,303 (1,025,574) (783,760) (1,809,334) 7,814,657 22,707,527 3,037,785 33,559,969 3,308,376 290,111 1,044,276 4,642,763 (74,357) 292,439 (2,183,040) (35,220) (478,915) 374,553 126,910 2,665,133 922,734 38,887 188,367 1,149,988 219,963 426 28,861 249,250 107,853 8,415 10,642 126,910 2014 12 31 30,755,087 6,576,217 9,604,271 46,935,575 1,210,797 601,279 132,587 235,139 49,115,377 1,682,148 29,588 206,444 1,918,180 1,963,589 64,533 588,805 2,616,927 1,344,239 65,133 789,906 2,199,278 76

2014 12 31 3. 2013 12 31 7,043,541 13,175,442 3,601,577 23,820,560 (989,179) (722,532) (1,711,711) 7,043,541 12,186,263 2,879,045 22,108,849 3,007,095 117,052 998,829 4,122,976 (67,560) 396,820 (2,017,083) (9,929) (427,670) 314,718 86,972 2,399,244 883,961 34,645 156,659 1,075,265 161,815 1,137 20,715 183,667 78,568 9,282 (878) 86,972 2013 12 31 29,996,727 4,632,617 7,881,092 42,510,436 875,905 385,297 170,757 128,492 44,070,887 1,513,528 30,668 184,849 1,729,045 1,921,491 57,544 411,482 2,390,517 4,190,669 558,602 628,380 5,377,651 2014 12 314,845,067,00020132,519,945,000 77

2014 12 31 4. 2014 2013 15,803 132,263 116,245 99,800 2,993 5,598 4,758 7,903 12,417 9,077 14,600 124,863 122,086 9,957 10,896 292,439 396,820 5. 2014 2013 638,399 633,753 (159,484) (206,083) 478,915 427,670 5.3% 20135.4% 6. 2014 2013 22,308,939 11,968,556 7 3,196,497 3,004,545 13 994,916 936,941 12 144,251 128,065 14 11,889 11,744 326,865 294,570 21 5,374 562 2,200 2,200 78

2014 12 31 7. 2014 2013 2,841,418 2,667,306 351,258 337,239 3,821 3,196,497 3,004,545 (a) 2014 12 31 i 1,715 30 575 81 1,770 4,171 i 1,684 12 568 79 1,694 4,037 ii 501 18 61 580 ii 492 60 552 2,166 72 541 136 2,915 2,085 498 129 2,712 iii 116 49 6 357 528 iv 262 21 283 441 104 545 441 104 545 441 104 545 10,344 444 2,231 573 3,821 17,413 79

2014 12 31 7. (a) 2013 12 31 ii 2,119 66 553 152 2,890 ii 2,082 12 547 149 2,790 2,044 72 521 145 2,782 1,967 478 137 2,582 iv 525 118 35 678 416 99 515 416 99 515 416 99 515 9,985 447 2,217 618 13,267 i. 2014 3 27 ii. 2014 3 27 iii. 2014 9 16 iv. 2014 6 30 80

2014 12 31 7. (b) 20132013 2014 2013 1,607 1,516 327 313 97 99 2,031 1,928 2014 2013 1,500,001 2,000,000 1 2,000,001 2,500,000 1 1 1 8. 2014 2013 532,248 442,709 69,248 23,936 601,496 466,645 2013 25% 12.5% 81

2014 12 31 8. 2014 2013 2,665,133 2,399,244 (501,463) (401,690) 2,163,670 1,997,554 567,091 515,563 (3,485) (21,949) 30,307 32,707 63,279 25,893 (7,215) (2,178) 22,855 9,160 31,828 27,480 (103,164) (120,031) 601,496 466,645 9. 23,682,0002013 92,402,000 10. 2014 2013 5.3220135.26 327,606 323,911 2014 12 31 5.3220135.26 82

2014 12 31 11. 2014 2013 819,125 811,047 2014 2013 6,158,000 6,158,000 3,187 1,744 6,161,187 6,159,744 12. 2014 2013 1 1 5,423,843 5,109,441 (19,203) 158,601 31,807 283,866 (4,018) 546,511 (144,251) (128,065) 12 31 5,834,689 5,423,843 10 50 83

2014 12 31 13. 2013 1 1 6,365,185 7,351,421 9,036,940 352,326 431,525 1,372,416 24,909,813 199,974 230,960 283,913 11,070 13,557 43,117 782,591 970 5,067,528 5,068,498 (32,291) (19,635) (165,342) (12,302) (29,937) (259,507) (35,283) (292,536) (123,121) 313,909 (137,031) 393,434 526,728 429,988 37,421 17,560 (1,407,897) (2,766) 2013 12 31 6,891,019 7,796,938 9,462,378 389,485 432,705 5,389,073 30,361,598 (23,584) (26,685) (32,363) (1,241) (1,481) (18,444) (103,798) 32,438 1,821,568 1,854,006 (7,103) (538) (66,065) (23,396) (27,595) (124,697) (20,992) (110,028) (432,855) (1,234) 284,528 (280,581) 1,611,612 941,122 1,649,442 40,388 19,508 (4,812,602) (550,530) 2014 12 31 8,450,952 8,600,809 10,580,537 437,674 421,903 2,664,123 31,155,998 2013 1 1 1,621,235 1,093,623 4,675,227 207,321 232,814 7,830,220 54,031 36,711 154,505 6,968 7,850 260,065 206,387 156,694 507,933 30,246 35,681 936,941 (2,486) (19,635) (150,313) (11,262) (27,072) (210,768) (21,550) (47,489) (67,992) (137,031) 2013 12 31 1,857,617 1,219,904 5,119,360 233,273 249,273 8,679,427 (5,367) (3,417) (15,160) (566) (694) (25,204) 223,201 170,941 529,420 35,540 35,814 994,916 (1,494) (284) (62,302) (18,821) (24,957) (107,858) (183) (32,265) (247,247) (886) (280,581) 2014 12 31 2,073,774 1,354,879 5,324,071 249,426 258,550 9,260,700 2013 12 31 5,033,402 6,577,034 4,343,018 156,212 183,432 5,389,073 21,682,171 2014 12 31 6,377,178 7,245,930 5,256,466 188,248 163,353 2,664,123 21,895,298 236,000,0002013226,000,000 84

2014 12 31 13. 2013 1 1 4,623 4,805 2,850 12,278 145 151 89 385 33 33 (1) (1) 2013 12 31 4,768 4,988 2,939 12,695 (17) (17) (10) (44) 20 20 2014 12 31 4,751 4,991 2,929 12,671 2013 1 1 529 2,435 2,721 5,685 18 96 86 200 145 1,280 60 1,485 (1) (1) 2013 12 31 692 3,810 2,867 7,369 (1) (9) (10) (20) 146 922 1,068 2014 12 31 837 4,723 2,857 8,417 2013 12 31 4,076 1,178 72 5,326 2014 12 31 3,914 268 72 4,254 85

2014 12 31 14. 2014 2013 1 1 98,652 91,337 (338) 2,872 12,079 16,416 (14,739) 4,019 2,766 12 31 114,412 98,652 1 1 51,531 52,693 (123) 1,833 11,889 11,744 (14,739) 12 31 63,297 51,531 12 31 51,115 47,121 15. 2014 2013 2,020,012 2,026,949 i 16,832,074 16,710,596 18,852,086 18,737,545 ii 255,239 256,115 ii (3,693,770) (3,267,690) i. ii. 33(a) 86

2014 12 31 15. 2014 2013 2014 2013 2014 2013 282,169 261,180 279,433 294,213 596,306 245,025 2,167,329 2,285,919 6,219,594 6,369,628 2,216,344 2,146,736 (556,859) (650,839) (270,676) (244,730) (306,900) (385,321) (463,937) (501,145) (2,998,653) (3,190,593) (982,381) (540,575) 1,428,702 1,395,115 3,229,698 3,228,518 1,523,369 1,465,865 1,014,763 990,906 2,293,954 2,293,116 1,082,002 1,041,159 786,857 624,603 972,403 948,726 972,253 735,926 38,193 182 227,976 228,247 277,733 258,508 33,587 42,675 218,682 328,265 274,692 294,536 27,128 129 161,924 162,117 197,265 183,610 106,211 85,385 106,058 181,092 259,417 100,508 595,701 597,716 216,465 21 (18,497) (11,589) (148,436) (157,487) (232,907) (385,908) (195,596) (128,916) (448,011) (476,563) 201,453 376,585 87

2014 12 31 15. 2014 2013 2014 2013 321,083 252,740 333,861 372,642 1,043,874 1,056,451 3,646,715 3,386,376 (89,946) (188,096) (251,822) (618,231) (240,842) (139,914) (2,446,444) (2,467,566) 1,034,169 981,181 1,282,310 673,221 734,539 696,903 910,785 478,168 627,438 535,314 88,955 205,547 179,447 (28,935) (14,194) 203,615 210,359 (33,567) (8,351) 145,994 127,455 (20,551) (10,082) 73,555 120,024 339,416 200,414 (215,468) (399,705) (42,418) (28,951) (455,247) (1,817,339) (178,272) (299,565) 496,470 2,572,938 16. 2014 2013 3,128,977 2,604,950 2013 33(b) 88

2014 12 31 16. 2014 2013 2014 2013 2014 2013 4,824,705 7,147,265 584,875 433,162 233,261 221,376 7,359,989 3,191,001 2,631,478 2,703,826 2,312,151 2,429,429 (9,662,200) (8,513,463) (308,719) (547,018) (46,051) (41,719) (661,681) (709,743) (834,073) (953,956) 2,522,494 1,824,803 2,245,953 1,880,227 1,665,288 1,655,130 380,733 396,022 1,008,932 810,945 626,425 589,260 261,047 273,023 370,748 256,322 127,976 116,174 (5,087) 54,534 (4,771) 56,107 (5,097) 51,877 255,960 327,557 365,977 312,429 122,879 168,051 69,971 51,895 105,008 43,033 45,089 43,477 2014 2013 2014 2013 2014 2013 2,522,494 1,824,803 2,245,953 1,880,227 1,665,288 1,655,130 48% 48% 45% 45% 40% 40% 1,210,797 875,905 1,010,679 846,102 666,115 662,052 5,354 5,374 1,210,797 875,905 1,016,033 851,476 666,115 662,052 89

2014 12 31 16. 2014 2013 236,032 215,517 29,287 21,852 (605) 6,752 28,682 28,604 17. 2014 2013 2,475,794 2,249,411 141,133 141,106 2,616,927 2,390,517 1.5%20162013 12 31 2013 33(c) 2014 2013 666,289 668,577 90

2014 12 31 17. 2014 2013 2014 2013 2014 2013 316,726 240,361 444,225 220,818 14,942 20,056 2,425,729 2,576,749 3,259,997 3,411,091 1,246,121 1,320,403 (248,126) (124,379) (510,083) (839,127) (359,696) (409,995) (411,966) (675,401) (1,550,001) (1,201,571) (89,365) (108,751) 2,082,363 2,017,330 1,644,138 1,591,211 812,002 821,713 186,014 132,042 361,144 152,498 14,939 16,279 86,196 10,176 458,854 788,055 281,404 355,698 411,966 675,401 1,550,001 1,201,571 89,365 108,751 648,476 579,124 556,984 501,610 179,274 150,531 172,579 139,860 58,115 38,516 31,151 14,437 (6,139) 62,129 (5,188) 47,855 (2,674) 24,799 166,440 201,989 52,927 86,371 28,477 39,236 140,020 138,472 138,944 137,760 69,805 69,131 2,073 1,211 1,558 1,459 604 136 27,832 39,161 94,831 103,333 24,462 28,884 26,024 21,212 8,302 5,592 4,476 2,105 19,094 91

2014 12 31 17. 2014 2013 2014 2013 2014 2013 2,082,363 2,017,330 1,644,138 1,591,211 812,002 821,713 40% 40% 40% 40% 50% 50% 832,945 806,932 657,655 636,484 406,001 410,857 5,530 5,549 61,457 61,668 838,475 812,481 657,655 636,484 467,458 472,525 2014 2013 653,339 469,027 19,057 8,403 (1,035) 9,889 18,022 18,292 92

2014 12 31 18. 2014 2013 2014 2013 i 492,356 276,115 i 33,600 33,600 33,600 33,600 ii 75,323 75,582 601,279 385,297 33,600 33,600 i. ii. 19. 2013 1 1 43,034 104,574 14,460 162,068 1,296 3,393 456 5,145 (3,712) 7,088 168 3,544 2013 12 31 40,618 115,055 15,084 170,757 (150) (555) (45) (750) (2,722) (36,182) 1,484 (37,420) 2014 12 31 37,746 78,318 16,523 132,587 481,000,000 2013255,000,000 388,000,00020152019 2013 114,000,000 2014 2018 93

2014 12 31 19. 2013 1 1 70,977 147,488 218,465 2,143 4,984 7,127 27,480 27,480 (5,771) (5,771) 2013 12 31 67,349 179,952 247,301 9 (493) (484) 31,828 31,828 54,057 54,057 2014 12 31 121,415 211,287 332,702 2008 1 1 2008 1 1 20. 2014 2013 171,445 195,075 533,643 334,261 705,088 529,336 23,015,987,000201312,681,156,000 22,308,939,000201311,968,556,000 94

2014 12 31 21. 2014 2013 2014 2013 2,470,462 2,513,007 (53,350) (48,117) 2,417,112 2,464,890 2,681,740 995,120 5,098,852 3,460,010 304,438 210,068 116,422 76,961 1,167,742 847,335 24,295 21,296 6,595,327 4,538,709 116,422 76,961 30 180 2014 2013 0 90 4,844,821 3,225,587 91 180 183,084 159,530 180 70,947 74,893 5,098,852 3,460,010 2014 12 312,126,000,0002013644,000,000 95

2014 12 31 21. 2014 12 31 70,947,000201374,969,000 2014 2013 91 180 76 180 70,947 74,893 70,947 74,969 180 53,350,000 2013 48,117,00053,350,000 201348,117,000 2014 2013 1 1 48,117 46,098 (141) 1,457 5,374 562 12 31 53,350 48,117 22. 2014 2013 2014 2013 845,938 585,093 817,594 5,890,558 5,713,093 109,331 41,055 30(b)(2) 7,554,090 6,298,186 109,331 41,055 96

2014 12 31 22. 2014 2013 2014 2013 7,078,360 5,903,782 28,182 33,824 393,835 385,428 81,895 8,976 81,149 7,231 7,554,090 6,298,186 109,331 41,055 23. 2014 2013 0.10 12 31 12,000,000,000 1,200,000 12,000,000,000 1,200,000 12 31 6,158,000,000 615,800 6,158,000,000 615,800 2006 4 26 30% 10% 97

2014 12 31 23. (a) 2014 2013 1 1 1.89 19,500 1.89 19,500 1.28 7,850 2.04 (8,250) 12 31 1.58 19,100 1.89 19,500 12 31 18,000 19,500 (b) 2014 2013 2.74 2.10 3.10 1,900 4.24 3.07 600 4.07 1,000 3.036 4.67 1,100 5.67 1,100 2.34 5.28 2,100 6.28 5,300 1.846 5.80 1,000 6.80 1,000 1.904 6.25 1,000 7.25 1,000 1.828 6.33 700 7.33 700 0.896 7.50 4,750 8.50 7,500 1.24 9.24 6,750 1.514 9.72 1,100 12 31 19,100 19,500 98

2014 12 31 23. (c) 2014 9 16 2014 3 27 1.514 1.24 52% 54% 5.6 5.7 2.07% 2.25% 2.70% 2.70% 0.55 0.51 24. i ii 2013 1 1 11,855,121 (9,111,447) 77,227 21,732 1,326,362 907,954 278,898 5,355,847 1,699 339,426 341,125 109,163 109,163 (134,860) (134,860) (11,689) (89) (11,778) 2013 12 31 11,720,261 (9,111,447) 78,926 21,732 1,665,788 1,005,428 278,809 5,659,497 55,277 (37,473) 17,804 115,349 115,349 3,821 3,821 (323,911) (323,911) (113) (113) 2014 12 31 11,396,350 (9,111,447) 134,203 25,553 1,628,315 1,120,777 278,696 5,472,447 99

2014 12 31 24. i 2013 1 1 11,855,121 1,450,909 11,200 21,732 1,678,653 15,017,615 497,368 497,368 7,600 7,600 (134,860) (134,860) 2013 12 31 11,720,261 1,450,909 18,800 21,732 2,176,021 15,387,723 (57,834) (57,834) 3,821 3,821 (323,911) (323,911) 2014 12 31 11,396,350 1,450,909 18,800 25,553 2,118,187 15,009,799 i. ii. 10% 50% 100

2014 12 31 25. 2014 2013 (a) 30(b) 11,253,584 11,303,706 1,859,631 1,927,533 1,936,698 303,485 3,796,329 2,231,018 15,049,913 13,534,724 (b) 3,796,329 2,231,018 3,087,915 2,838,852 4,136,907 3,721,684 1,493,586 2,199,288 12,514,737 10,990,842 2,535,176 2,543,882 15,049,913 13,534,724 (c) 9,789,244 9,207,444 4,087,180 3,553,375 1,173,489 773,905 15,049,913 13,534,724 (d) 12 31 4.0% 6.2% 4.0% 6.6% 2.0% 3.0% 1.1% 3.0% 0.8% 3.0% 0.8% 101

2014 12 31 26. 2014 2013 2014 2013 1,787,177 1,637,059 3,159,604 1,555,680 4,946,781 3,192,739 1,229,138 930,146 397,979 224,687 397,979 224,687 101,048 58,893 1,375,232 1,762,594 43,291 28,873 8,050,178 6,169,059 441,270 253,560 2014 2013 0 90 3,531,904 2,717,423 91 180 1,352,528 425,922 181 365 61,326 35,292 365 1,023 14,102 4,946,781 3,192,739 102

2014 12 31 27. 2014 2013 2,665,133 2,399,244 (119,238) (99,800) 478,915 427,670 (374,553) (314,718) (126,910) (86,972) (13,501) (17,175) 9,987 2,086 (9,077) (14,600) 58 (218) 994,916 936,941 144,251 128,065 11,889 11,744 5,374 562 3,821 (15,803) (132,263) (175,752) (108,550) (2,531,717) (1,537,892) (260,845) (263,253) 2,267,079 452,953 2,954,027 1,783,824 103

2014 12 31 28. (a) 2014 2013 652,237 807,904 695,353 3,947,641 2,726,501 2008 8 18 Terminal Link Tianjin Limited 8#-10#42.0 14.760% 2014 12 31 (b) 2014 12 31 2014 2013 2014 2013 82,262 79,207 3,807 2,795 224,938 226,500 6,409 543,642 599,479 850,842 905,186 10,216 2,795 29. 4,250,000,000 20134,050,000,000 2014 12 31 4,100,000,00020133,570,000,000 104

2014 12 31 30. (a) 2014 2013 (1) 161,453 96,725 818,596 733,484 247,151 203,670 73,958 269,607 695,576 1,052 11,039 (2) 103,088 84,705 722,344 754,924 18,786 15,816 42,102 37,636 183,838 133,533 390,030 (3) 128,083 114,264 91,491 140,107 2,993 193,378 8,904 2013 12 312013 12 31 105

2014 12 31 30. (b) 2014 2013 (1) i 73,606 44,807 i 623,515 515,941 (2) i 8,582 12,313 i 26,855 41,833 ii 2,723,534 2,586,476 iii 2,821,650 2,622,870 (3) i 30,179 24,325 i 2,421 10,567 17 141,133 141,106 iv 12,676 12,719 i. ii. 48% iii. 2,821,650,0002013 2,597,431,000 2,354,177,0002013 2,126,075,000467,473,0002013471,356,000 5.0% 5.9% 2013 5.0% 5.9% 2013 12 31 25,439,000 iv. 106

2014 12 31 30. (c) (a) (b) 2014 12 31 24 (d) 7 31. 31.1 2014 12 31 (a) (1) 2014 12 315% 250,000,0002013197,000,000 107

2014 12 31 31. 31.1 (a) (2) 2014 12 3150 47,000,000 201341,000,000 (3) 2014 12 3110% 53,000,000201331,000,000 (b) (c) 108

2014 12 31 31. 31.1 (c) 2014 12 31 6,821,040 4,247,545 3,438,431 7,275,198 1,594,056 11,068,585 3,438,431 7,275,198 1,594,056 2013 12 31 6,169,059 2,640,397 3,151,033 6,808,520 2,338,490 8,809,456 3,151,033 6,808,520 2,338,490 2014 12 31 441,270 3,693,770 29 1,581,792 1,652,332 1,010,404 5,716,832 1,652,332 1,010,404 2013 12 31 253,560 3,267,690 29 163,088 2,365,519 1,221,985 3,684,338 2,365,519 1,221,985 31.2 2014 12 31 59.0% 201356.4% 109

2014 12 31 31. 31.3 2014 12 31 1 2 32. 110

2014 12 31 32. 2008 1 1 33. 2014 12 31 (a) 2014 12 31 (%) # 1,674,769,120 56.81 ** 277,000,000 100 *** 815,180,100 100 ** 312,000,000 100 ** 496,278,000 100 *** 1,021,230,000 100 111

2014 12 31 33. (a) (%) ** 600,000,000 100 ** 80,896,000 100 ** 1,090,730,000 100 ** 110,700,000 100 ** 286,709,000 100 ** 26,079,000 100 ** 444,000,000 100 ** 20,000,000 84 ** 101,220,000 60 ** 10,000,000 60 * 264,460,000 56.17 * 23,500,000 56.17 ** 200,000,000 53 * 29,200,000 51 ** 1,125,000,000 51 * 2,303,350,000 51 * 58,895,400 51 * 115,110,000 51 112

2014 12 31 33. (a) (%) * 1,046,500,000 51 * 210,000,000 51 ** 149,000,000 51 * 300,000,000 51 2 100 1 100 2 100 1 100 100 100 100 100 100 100 1 100 1 100 1 100 # * ** *** 113

2014 12 31 33. (b) 2014 12 31 (%) 1,150,000,000 48 1,444,498,500 45 17,680,000 41 1,145,000,000 40 9,000,000 30 (c) 2014 12 31 (%) 645,600,000 51 160,000,000 40 1,260,000,000 40 8,460,000 50 482,660,000 50 6,800,000 50 42,000,000 50 34. 114

12 31 2010 2011 2012 2013 2014 15,052,720 16,547,695 17,934,680 22,108,849 33,559,969 (267,696) (319,811) (290,265) (67,560) (74,357) (11,576,885) (12,704,778) (13,671,856) (17,985,873) (28,917,206) 3,208,139 3,523,106 3,972,559 4,055,416 4,568,406 204,618 353,881 160,558 396,820 292,439 (1,568,180) (1,775,372) (1,938,460) (2,017,083) (2,183,040) (9,142) (13,855) (17,052) (9,929) (35,220) 1,835,435 2,087,760 2,177,605 2,425,224 2,642,585 (367,464) (380,573) (403,770) (427,670) (478,915) 118,593 173,750 229,436 314,718 374,553 (4,315) 55,177 89,235 86,972 126,910 1,582,249 1,936,114 2,092,506 2,399,244 2,665,133 (283,672) (308,157) (375,548) (466,645) (601,496) 1,298,577 1,627,957 1,716,958 1,932,599 2,063,637 570,586 713,264 705,794 811,047 819,125 727,991 914,693 1,011,164 1,121,552 1,244,512 1,298,577 1,627,957 1,716,958 1,932,599 2,063,637 12 31 2010 2011 2012 2013 2014 4,436,395 4,657,259 5,109,441 5,423,843 5,834,689 14,949,153 15,628,926 17,079,593 21,682,171 21,895,298 30,198 32,667 38,644 47,121 51,115 1,797,348 2,214,685 2,367,092 2,604,950 3,128,977 1,660,189 2,178,853 2,133,705 2,390,517 2,616,927 483,050 359,233 438,690 385,297 601,279 109,123 121,034 162,068 170,757 132,587 8,292,658 8,370,060 9,911,513 11,366,231 14,854,505 31,758,114 33,562,717 37,240,746 44,070,887 49,115,377 (13,548,310) (13,555,027) (15,579,968) (20,071,795) (23,587,820) (9,044,911) (10,011,663) (11,189,020) (12,510,022) (13,521,761) 9,164,893 9,996,027 10,471,758 11,489,070 12,005,796 115

+ * + * * + Appleby Appleby Trust (Cayman) Ltd. Clifton House, 75 Fort Street P.O. Box 1350, Grand Cayman, KY1-1108 Cayman Islands 183 22 Clifton House, 75 Fort Street P.O. Box 1350, Grand Cayman, KY1-1108 Cayman Islands 1 39 3904 3907 ir@tianjinportdev.com (852) 2847 8888 (852) 2899 2086 www.tianjinportdev.com 03382 + * 116