Wang Xiufeng proposed to be CEO of CMPort

On the morning of August 18, China Merchants Port announced that Wang Xiufeng will be appointed as vice chairman and CEO of China Merchants Port, and relevant procedures will be followed in accordance with regulations.
 
Previously, China Merchants Expressway under his control achieved operating income of 7.069 billion yuan in 2020, with a total profit of 3.090 billion yuan, and a net profit of 2.223 billion yuan attributable to the parent. As of the end of 2020, the company's total assets were 94.009 billion yuan, and the net assets attributable to shareholders of listed companies were 54.954 billion yuan.
 
In the same period, China Merchants Port achieved operating income of 12.619 billion yuan, net profit attributable to shareholders of listed companies of 2.065 billion yuan, basic earnings per share of 1.07 yuan, and ROE of 5.55%. As of the end of 2020, the total assets are 168.544 billion yuan.
 
Source: Sarah Yu, XINDE MARINE NEWS

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