Tianjin Port Development : UNAUDITED FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019 OF TIANJIN PORT HOLDINGS CO., LTD.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03382)

UNAUDITED FINANCIAL RESULTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019

OF TIANJIN PORT HOLDINGS CO., LTD.

This announcement is made by Tianjin Port Development Holdings Limited (the "Company") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to provide shareholders of the Company and the public with the unaudited consolidated financial results of its subsidiary, Tianjin Port Holdings Co., Ltd. ("Tianjin Port Co"), for the nine months ended 30 September 2019. The financial information therein is prepared in accordance with the China Accounting Standards for Business Enterprises and has not been audited.

Tianjin Port Co is a company incorporated in the People's Republic of China whose shares are listed on the Shanghai Stock Exchange. As at the date of this announcement, the Company is interested in approximately 56.81% of Tianjin Port Co's issued share capital. The unaudited consolidated income statement for the nine months ended 30 September 2019 and the unaudited condensed consolidated balance sheet as at 30 September 2019 of Tianjin Port Co are provided below:

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Tianjin Port Holdings Co., Ltd.

Unaudited Consolidated Income Statement

For the nine months ended 30 September 2019

		Unit : RMB Yuan
	For the nine months ended 30 September
Item	2019	2018
1. Total operating income	9,424,437,698.45	9,426,197,154.54
Including：Operating income	9,424,437,698.45	9,426,197,154.54
2. Total operating costs	8,625,206,936.80	8,669,558,222.41
Including：Costs of sales	7,463,545,882.07	7,514,968,777.82
Tax and surcharge	31,436,992.51	38,822,682.25
Administrative expenses	819,050,027.32	795,699,220.18
Research and development expenses	50,167,313.14	82,322,544.77
Finance expenses	261,006,721.76	237,744,997.39
Including: Interest expenses	316,022,848.81	299,195,020.83
Interest income	47,862,820.27	57,602,851.71
Add : Other income	11,358,456.57	21,599,603.36
Investment income ("-"for loss)	422,918,677.31	565,884,963.71
Including： Investment income from associates and
joint ventures	326,397,534.21	308,233,604.15
Impairment losses on credit ("-"for loss)	-143,333.14	-
Impairment losses on assets ("-"for loss)	-	-13,031,240.55
Gain on disposal of assets ("-"for loss)	6,709,187.01	-1,085,738.22
3. Operating profit ("-"for loss)	1,240,073,749.40	1,330,006,520.43
Add : Non-operating income	9,887,916.82	9,132,478.75
Less : Non-operating expenses	5,546,080.38	41,260,630.35
4. Total profit ("-"for total loss)	1,244,415,585.84	1,297,878,368.83
Less : Income tax expenses	264,678,945.99	310,837,300.56
5. Net profit ("-"for net loss)	979,736,639.85	987,041,068.27
(1) Classified by continuity of operations
1. Net profit from continuing operations ("-" for net loss)	979,736,639.85	987,041,068.27

1. Classified by ownership of equity

1. Attributable to shareholders of the company

("-" for net loss)	674,126,588.86	647,614,553.65
2. Minority interests ("-" for net loss)	305,610,050.99	339,426,514.62

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Tianjin Port Holdings Co., Ltd.

Unaudited Consolidated Income Statement

For the nine months ended 30 September 2019

		Unit : RMB Yuan
	For the nine months ended 30 September
Item	2019	2018
6. Other comprehensive income, net of tax	161,339,200.97	-190,775,056.12
Other comprehensive income attributable to owners of the
company, net of tax	97,269,186.51	-115,035,638.40
(1) Other comprehensive income that will not be reclassified
to profit or loss	97,269,186.51	-
Changes in fair value of other equity instruments
investment	97,269,186.51	-
(2) Other comprehensive income that may be reclassified to
profit or loss	-	-115,035,638.40
Fair value losses on available-for-sale financial assets	-	-115,035,638.40
Other comprehensive income attributable to minority
interests, net of tax	64,070,014.46	-75,739,417.72
7. Total comprehensive income	1,141,075,840.82	796,266,012.15
Total comprehensive income attributable to owners of the
company	771,395,775.37	532,578,915.25
Total comprehensive income attributable to minority interests	369,680,065.45	263,687,096.90
8. Earnings per share：
(1) Basic earnings per share (RMB Yuan/share)	0.38	0.39
(2) Diluted earnings per share (RMB Yuan/share)	0.38	0.39

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Tianjin Port Holdings Co., Ltd.

Unaudited Condensed Consolidated Balance Sheet

As at 30 September 2019

		Unit : RMB Yuan
Item	30 September 2019	31 December 2018
ASSETS
Current assets	8,069,359,782.09	7,660,880,604.97
Non-current assets	27,768,239,332.76	26,541,033,540.08
Total assets	35,837,599,114.85	34,201,914,145.05
LIABILITIES
Current liabilities	8,251,109,944.05	7,953,079,489.16
Non-current liabilities	5,317,336,106.95	5,258,566,559.12
Total liabilities	13,568,446,051.00	13,211,646,048.28
OWNERS' EQUITY (OR SHAREHOLDERS' EQUITY)
Paid-in capital (or share capital)	2,009,722,944.00	1,674,769,120.00
Capital reserves	2,888,849,203.95	2,858,861,158.15
Other comprehensive income	295,296,657.52	198,027,471.01
Special reserves	11,876,560.27	2,305,789.71
Surplus reserves	2,179,160,872.82	2,179,160,872.82
Undistributed profit	9,114,689,650.24	8,960,879,025.28
Equity attributable to owners (or shareholders' equity) of
the company	16,499,595,888.80	15,874,003,436.97
Minority interests	5,769,557,175.05	5,116,264,659.80
Total owners' equity (or shareholders' equity)	22,269,153,063.85	20,990,268,096.77
Total liabilities and owners' equity (or shareholders'
equity)	35,837,599,114.85	34,201,914,145.05

Shareholders of the Company should note that the above unaudited financial information pertains only to Tianjin Port Co and not to the Company itself.

Details of the unaudited consolidated financial results of Tianjin Port Co for the nine months ended 30 September 2019 are available on the website of Shanghai Stock Exchange at www.sse.com.cn.

By Order of the Board

Tianjin Port Development Holdings Limited

Chu Bin

Chairman

Hong Kong, 30 October 2019

As at the date of this announcement, the board of directors of the Company comprises Mr. Chu Bin, Mr. Li Quanyong, Mr. Sun Bin, Mr. Wang Junzhong and Ms. Shi Jing as executive directors; Professor Japhet Sebastian Law, Mr. Cheng Chi Pang, Leslie and Mr. Zhang Weidong as independent non-executive directors.

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