Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Stock code: 000011, 200011 Stock abbreviation: SWYA, SWYB Announcement No.:2013-20
Shenzhen Properties & Resources Development (Group) Ltd.
Abstract of the Report for the Third Quarter of 2013
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Shenzhen Properties & Resources Development (Group) Ltd. (hereinafter
referred to as “the Company”) warrant that this report is factual, accurate and complete without any
false record, misleading statement or material omission. And they shall be jointly and severally
liable for that.
All directors attended the board session for reviewing this report.
Chen Yugang, company principal, Wang Hangjun, chief of the accounting work, and Shen Xueying,
chief of the accounting organ (chief of accounting), hereby confirm that the financial statements
enclosed in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 3,784,527,998.18 4,006,705,938.73 -5.55%
Net assets attributable to
shareholders of the Company 1,858,670,218.86 1,502,852,915.53 23.68%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 133,544,384.58 -68.17% 1,481,738,491.87 41.92%
Net profit attributable to
shareholders of the Company 2,659,823.97 -96.51% 356,260,816.78 103.69%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
3,575,734.71 -95.27% 355,961,135.14 163.54%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 76,924,547.09 -86.92%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.0045 -96.48% 0.5978 103.68%
Diluted EPS (RMB Yuan/share) 0.0045 -96.48% 0.5978 103.68%
Weighted average ROE (%) 0.16% -6.08% 21.2% 6.89%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the
-30,749.16
offset part of asset impairment provisions)
Reversal of impairment provisions for the accounts receivable on
303,627.40
which impairment tests were carried out separately
Other non-operating income and expenses other than the above -626,171.97
Less: Income tax effects -652,975.37
Total 299,681.64 --
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
44,236
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
SHENZHEN
CONSTRUCTIO
N State-owned
54.33% 323,791,299 293,992,345 0
INVESTMENT corporation
HOLDINGS
CORPORATION
SHENZHEN
INVESTMENT State-owned
9.49% 56,582,573 56,582,573 0
MANAGEMENT corporation
CORPORATION
SHENZHEN
GUOMAO
State-owned
PROPERTY 0.32% 1,881,841 0 0
corporation
MANAGERME
NT CO., LTD.
SHENZHEN
DUTY-FREE Domestic
COMMODITY non-state-owned 0.29% 1,730,300 1,730,300 0
ENTERPRISES corporation
CO., LTD.
BQDEA/REYL(
LUX)GLOBALF
Foreign
UNDSEMERGI 0.28% 1,128,182 0 0
corporation
NG MARKETS
EQ
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Domestic natural
LONG KEYI 0.18% 1,075,350 0 0
person
Domestic natural
CHEN LIYING 0.17% 1,036,051 0 0
person
Domestic natural
ZHANG HUI 0.17% 1,000,000 0 0
person
GUOTAI
JUNAN
Foreign
SECURITIES 0.16% 926,184 0 0
corporation
(HONGKONG)
LIMITED
HONG GENG Domestic natural
0.15% 909,219 0 0
DONG person
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
SHENZHEN CONSTRUCTION
RMB ordinary
INVESTMENT HOLDINGS 29,798,954 29,798,954
shares
CORPORATION
SHENZHEN GUOMAO
RMB ordinary
PROPERTY MANAGERMENT 1,881,841 1,881,841
shares
CO., LTD.
Domestically
BQDEA/REYL(LUX)GLOBALFU
1,128,182 listed foreign 1,128,182
NDSEMERGING MARKETS EQ
shares
RMB ordinary
LONG KEYI 1,075,350 1,075,350
shares
Domestically
CHEN LIYING 1,036,051 listed foreign 1,036,051
shares
RMB ordinary
ZHANG HUI 1,000,000 1,000,000
shares
Domestically
GUOTAI JUNAN SECURITIES
926,184 listed foreign 926,184
(HONGKONG) LIMITED
shares
RMB ordinary
LIU YUNDE 800,000 800,000
shares
ZHONGRONG INTERNATIONAL RMB ordinary
784,000 784,000
TRUST CO., LTD.－ZRT NORTH shares
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
NO. 2 SECURITIES
INVESTMENT ASSEMBLED
FUNDS TRUST PLAN
RMB ordinary
LU YAN HONG 663,400 663,400
shares
Explanation on associated The first shareholder is managed by Shenzhen Investment Holding Corporation, the actual
relationship or persons acting in controlling shareholder of the Company. And the third shareholder is a wholly-funded
concert among the above-mentioned subsidiary of the Company. Other than that, it is unknown whether the remaining 8
shareholders shareholders are related parties or acting-in-concert parties.
Shareholders taking part in margin
financing and securities lending (if Naught
any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
1. Other receivables stood at RMB 12,955,438.51 at the period-end, increasing 103.33% from the year-begin,
which was mainly because the electricity and water fees that the Company and its subsidiaries had paid on behalf
of others and had not been repaid increased.
2. Accounts received in advance stood at RMB 58,043,576.34 at the period-end, decreasing 91.44% from the
year-begin, which was mainly because the advances on housing properties were carried over on satisfaction of the
relevant conditions.
3. Long-term borrowings stood at RMB 69,860,018.63 at the period-end, increasing 261.66% from the year-begin,
which was mainly because the Company and its subsidiaries secured more borrowings for their projects.
4. Deferred income tax liabilties stood at RMB 0.00 at the period-end, decreasing 100.00% from the year-begin,
which was mainly because some projects were carried over on satisfaction of relevant conditions and the taxable
differences decreased.
5. Retained profit stood at RMB 1,102,351,991.58 at the period-end, increasing 47.75% from the year-begin,
which was mainly because the Company made profit in the period from the year-begin to the period-end.
6. Operating revenues for Jan.-Sept. 2013 stood at RMB 1,481,738,491.87, increasing 41.92% from the same
period of last year, which was mainly because the concluded projects and the project sales both increased.
7. Business taxes and surtaxes for Jan.-Sept. 2013 stood at RMB 300,827,247.86, increasing 66.64% from the
same period of last year, which was mainly because the real estate income increased and the business tax, the land
VAT and some other taxes and fares increased.
8. Financial expenses for Jan.-Sept. 2013 stood at RMB -4,963,868.24, decreasing 64.84% from the same period
of last year, which was mainly because the interest income increased.
9. Asset impairment loss for Jan.-Sept. 2013 stood at RMB 1,242,354.24, increasing 120.85% from the same
period of last year, which was mainly because the reversed bad debt provisions decreased while the bad-debt
provisions made increased.
10. Investment gains for Jan.-Sept. 2013 stood at RMB 5,178,021.22, increasing 152.21% from the same period of
last year, which was mainly because the gains on joint ventures increased.
11. Investment gains on associates and joint ventures for Jan.-Sept. 2013 stood at RMB 5,178,021.22, increasing
152.21% from the same period of last year, which was mainly because the gain on the joint venture Shenzhen
Guomao Tian’an Properties Co., Ltd. increased.
12. Non-operating incomes and expenses-net for Jan.-Sept. 2013 stood at RMB -656,921.13, decreasing 178.85%
from the same period of last year, which was mainly because the lawsuit compensations increased.
13. Income tax expenses for Jan.-Sept. 2013 stood at RMB 106,217,105.15, increasing 104.29% from the same
period of last year, which was mainly because profit of the Company increased.
14. Operating profit, total profit and net profit (attributable to the Company) for Jan.-Sept. 2013 stood at RMB
463,134,843.06, RMB 462,477,921.93 and RMB 356,260,816.78 respectively, increasing 104.96%, 104.37% and
103.69% respectively from the same period of last year, which was mainly because the project area avaiable for
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
settlement increased and the carried-over income increased considerably.
15. Net cash flows from operating activities for Jan.-Sept. 2013 stood at RMB 76,924,547.09, decreasing 86.92%
from the same period of last year, which was mainly because the capital inflows from sale of housing properties
decreased.
16. Net cash flows from investing activities for Jan.-Sept. 2013 stood at RMB -7,171,335.43, decreasing 189.40%
from the same period of last year, which was mainly because the funds used to purchase fixed assets in Jan.-Sept.
2013 increased and the Company received investment gains in the same period of last year.
17. Net cash flows from financing activities for Jan.-Sept. 2013 stood at RMB -24,730,866.65, with the net cash
outflows decreasing 85.52% from the same period of last year, which was mainly because the funds received as
borrowings increased.
18. Net increase in cash and cash equivalents for Jan.-Sept. 2013 stood at RMB 44,916,585.32, decreasing 89.44%
from the same period of last year, which was mainly because the capital inflows from sale of housing properties
decreased.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
Significant events had not happened, will happen, or happened during previous period but last till the reporting period.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
Naught
IV. Predict the 2013 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the
year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as
explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
Sharehold Sharehold
Initial Number Number Closing Gain/loss
ing ing
investme of shares of shares book for report
Variety of Code of Name of percentag percentag Accounti Source of
nt cost held at held at value period
securities securities securities e at e at ng title stock
(RMB period-be period-en (RMB (RMB
period-be period-en
Yuan) gin d Yuan) Yuan)
gin d
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Disclosure date of the board
announcement on approval of
the securities investment
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Disclosure date of the general
meeting announcement on
approval of the securities
investment (if any)
Shareholdings in other listed companies
√Applicable □Inapplicable
Code of Abbrevia Intial investment Percenta Equity chages
securities tion of amount ge of Gain/loss of the owner
Closing book Source of
securities equities for report in the Accounting title
value stock
period reporting
period
000509 S*ST 2,962,500.00 0.33% 802,199.55 0.00 0.00 Long-term Directional
China equity purchase of
Plastic investment the corporate
shares
Total 2,962,500.00 - 802,199.55 0.00 0.00
VI. Investments in derivatives
Unit: RMB Ten thousand Yuan
Proportio
n of the
closing
Actual
Related-p Type of Impairme investmen
Initial Opening Closing gain/loss
arty derivative Beginnin Ending nt t amount
Operator Relation investmen investmen investmen in
transactio investmen g date date provision in the
t amount t amount t amount reporting
n or not t (if any) Company
period
’s closing
net assets
(%)
Total 0 -- -- 0 0 0 0% 0
Capital source for derivative investment Not happened.
Litigation cases situation (if applicable) Not happened.
Disclosure date of the board announcement
approving the wealth management
entrustment (if any)
Disclosure date of the general meeting
announcement approving the wealth
management entrustment (if any)
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
VII. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
The Shenzhen
The land lies in Qianhai of
Stock Exchange
9 Jul. 2013 Other Individual Investor the Company and the
Investors
mid-term bonus plan.
interactive platform
The Shenzhen
Stock Exchange Basic situation of the
17 Jul. 2013 Other Individual Investor
Investors Company
interactive platform
The Shenzhen
Stock Exchange Situation of the Company’s
3 Aug. 2013 Other Individual Investor
Investors earnings preannouncement.
interactive platform
The Company’s sales
The Shenzhen
situation of the self-owned
Stock Exchange
9 Aug. 2013 Other Individual Investor projects and the
Investors
construction process of the
interactive platform
projects in constructions.
The Shenzhen
Project situation in Xuzhou
Stock Exchange
5 Sep. 2013 Other Individual Investor and Dongguan of the
Investors
Company.
interactive platform
Does the Company benefit
Board Office of the Telephone
23 Sep. 2013 Individual Investor from the policies of
Company Communication
Qianhai?
Future market development
Board Office of the Telephone
25 Sep. 2013 Individual Investor plan and the emphasis of
Company Communication
the Company.
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Abstract of the Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
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