深圳市深粮控股股份有限公司 2022 年半年度报告全文
SHENZHEN CEREALS HOLDINGS CO.,LTD.
SEMI-ANNUAL REPORT 2022
【August 2022】
1
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section I. Important Notice, Contents and Interpretation
Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of
SHENZHEN CEREALS HOLDINGS CO.,LTD. (hereinafter referred to as the Company)
hereby confirm that there are no any fictitious statements, misleading statements, or
important omissions carried in this report, and shall take all responsibilities, individual
and/or joint, for the reality, accuracy and completion of the whole contents.
Person in charge of the Company Hu Xianghai, Head of Accounting Lu Yuhe and Head of
Accounting Institution (Accounting Supervisors) Wen Jieyu hereby confirm that the
Financial Report of Semi-Annual Report 2022 is authentic, accurate and complete.
All Directors are attended the Board Meeting for deliberation of this Report.
Concerning the forward-looking statements with future planning involved in the semi-annual
report, they do not constitute a substantial commitment for investors, Securities Times, China
Securities Journal, Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn)
are the media appointed by the Company for information disclosure, all information of the
Company disclosed in the above mentioned media should prevail. Investors are advised to
exercise caution of investment risks.
The Company has analyzed the risk factors that the Company may exist and its
countermeasures in the report, investors are advised to pay attention to read “Risks and
Countermeasures”in the report of Section III-Management Discussion and Analysis. This
report has been prepared in Chinese and English version respectively. In the event of
difference in interpretation between the two versions, Chinese report shall prevail.
The Company plans not to distributed cash dividend, bonus and no capitalizing of common
reserves either.
2
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Contents
Section I Important Notice, Contents and Interpretation
..................................................................................................................................................................................
错误!未定义书签。
Section II Company Profile and Main Financial Indexes..............................................................6
Section III Management Discussion and Analysis........................................................................10
Section IV Corporate Governance.................................................................................................28
Section V Enviornmental and Social Responsibility....................................................................29
Section VI Important Events..........................................................................................................31
Section VII Changes in Shares and Particular about Shareholders...........................................40
Section VIII Preferred Stock...........................................................................................................错
误!未定义书签。
Section IX Corporate Bonds............................................................................................................错
误!未定义书签。
Section X Financial Report..............................................................................................................47
3
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Documents Available for Reference
1. Text of financial statement with signature and seals of the person in charge of the Company, person in charge of
accounting works and person in charge of accounting institution(accounting supervisor);
2. Original and official copies of all documents which have been disclosed during the reporting period;
3. Original copies of Semi-Annual Report 2022 with signature of the person in charge of the Company.
4
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Interpretation
Items Refers to Contents
SZCH/Listed Company /the Company/ Refers to Shenzhen Cereals Holdings Co., Ltd.
Shenzhen Flour Refers to Shenzhen Flour Co., Ltd
Shenliang Quality Inspection Refers to Shenliang Quality Inspection Co., Ltd.
Dongguan Logistics Refers to Dongguan Shenliang Logistics Co., Ltd.
Shenzhen Shenbao Huacheng Technology
Shenbao Huacheng Refers to
Co., Ltd.
Shenzhen Hualian Grain and Oil Trading Co.,
Hualian Company Refers to
Ltd.
Shenzhen Shenliang Cold Chain Logistics
Shenliang Cold Chain Refers to
Co., Ltd.
Shenzhen Shenliang Property Development
Shenliang Property Refers to
Co., Ltd.
Wuyuan Jufangyong Refers to Wuyuan County Jufangyong Tea Co., Ltd.
Shenliang Food Refers to Huizhou Shenliang Food Co., Ltd.
Grease Branch of Shenzhen Grain Group Co.,
Shenliang Grease Refers to
Ltd.
Wuhan Jiacheng Refers to Wuhan Jiacheng Biotechnology Co., Ltd.
Zhenping Company Refers to Zhenping Market Operation Tech. Co., Ltd.
Food Materials Group Refers to Shenzhen Food Materials Group Co., Ltd
Shenzhen Municipal People’s Government
Shenzhen SASAC Refers to State-owned Assets Supervision &
Administration Commission
CSRC Refers to China Securities Regulation Commission
SSE Refers to Shenzhen Stock Exchange
Article of Association of Shenzhen Cereals
Article of Association Refers to
Holdings Co., Ltd.
RMB/10 thousand Yuan Refers to CNY/ten thousand Yuan
5
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section II Company Profile and Main Financial Indexes
I. Company profile
Short form for share SZCH, Shenliang B Stock code 000019, 200019
Listing stock exchange Shenzhen Stock Exchange
Chinese name of the
深圳市深粮控股股份有限公司
Company
Abbr. of Chinese name of the
深粮控股
Company (if applicable)
English name of the
SHENZHEN CEREALS HOLDINGS CO.,LTD
Company(if applicable)
Legal Representative Hu Xianghai
II. Person/Way to contact
Secretary of the Board Rep. of security affairs
Name Chen Xiaohua Chen Kaiyue, Liu Muya
13/F, Tower A, World Trade Plaza, No.9 Fuhong 13/F, Tower A, World Trade Plaza, No.9 Fuhong
Contact add.
Rd., Futian District, Shenzhen Rd., Futian District, Shenzhen
Tel. 0755-83778690 0755-83778690
Fax. 0755-83778311 0755-83778311
E-mail chenxh@slkg1949.com chenky@slkg1949.com、liumy@slkg1949.com
III. Others
1. Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in reporting period or
not
□ Applicable √Not applicable
The registrations address, offices address and codes as well as website and email of the Company have no changes in the Period,
found more in Annual Report 2021.
2. Information disclosure and preparation place
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable √ Not applicable
The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRC and preparation
place for semi-annual report have no change in reporting period, found more details in Annual Report 2021.
6
深圳市深粮控股股份有限公司 2022 年半年度报告全文
3.Other relevant information
Whether other relevant information has changed in the reporting period
□ Applicable √ Not applicable
IV. Main accounting data and financial indexes
Whether information disclosure and preparation place changed in reporting period or not
□Yes √No
Current Period Same period of last year Changes over last year (+,-)
Operating revenue(RMB) 4,338,044,528.35 5,262,189,180.53 -17.56%
Net profit attributable to
shareholders of the listed 237,527,782.93 243,846,874.76 -2.59%
Company (RMB)
Net profit attributable to
shareholders of the listed
Company after deducting 227,132,288.75 237,039,666.31 -4.18%
non-recurring gains and
losses (RMB)
Net cash flow arising from
260,373,502.86 -691,272,151.33 137.67%
operating activities(RMB)
Basic earnings per share
0.2061 0.2116 -2.60%
(RMB/Share)
Diluted earnings per
0.2061 0.2116 -2.60%
share(RMB/Share)
Weighted average ROE 5.00% 5.17% -0.17%
Changes over end of last year
End of current Period End of last year
(+,-)
Total assets (RMB) 7,632,695,093.68 7,669,618,906.32 -0.48%
Net assets attributable to
shareholder of listed 4,579,686,071.77 4,630,292,102.34 -1.09%
Company (RMB)
V. Difference of the accounting data under accounting rules in and out of China
1. Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
√ Applicable □ Not applicable
Unit: CNY/RMB
Net profit attributable to shareholders of the listed Net assets attributable to shareholders of listed
Company Company
7
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Current period Last period Period-end Period-begin
Chinese GAAP 237,527,782.93 243,846,874.76 4,579,686,071.77 4,630,292,102.34
Items and amount adjusted by IAS
Adjustment for other
payable fund of stock 1,067,000.00 1,067,000.00
market regulation
IAS 237,527,782.93 243,846,874.76 4,580,753,071.77 4,631,359,102.34
2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √ Not applicable
The Company has no above mentioned condition occurred in the period
3. Explanation on differences of the data under accounting standards in and out of China
□ Applicable √ Not applicable
VI. Items and amounts of extraordinary profit (gains)/loss
√ Applicable □ Not applicable
Unit: CNY/RMB
Item Amount Note
Governmental subsidy reckoned into current gains/losses (except for those with
normal operation business concerned, and conform to the national policies &
8,046,293.93
regulations and are continuously enjoyed at a fixed or quantitative basis
according to certain standards)
Profit and loss of assets delegation on others’ investment or management 221,889.46
Except for the effective hedging operations related to normal business operation
of the Company, the gains/losses of fair value changes from holding the trading
financial assets and trading financial liabilities, and the investment earnings 3,573,445.74
obtained from disposing the trading financial asset, trading financial liability and
financial assets available for sale
Switch-back of provision of impairment of account receivable which are treated
127,286.00
with separate depreciation test
Other non-operating income and expenditure except for the aforementioned
1,065,883.45
items
Less: impact on income tax 2,637,117.23
Impact on minority shareholders’ equity (after-tax) 2,187.17
Total 10,395,494.18
Other gains/losses items that conform to the definition of non-recurring gains/losses:
□ Applicable √ Not applicable
8
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The Company does not have other gains/losses items that conform to the definition of non-recurring gains/losses
Information on the definition of non-recurring profit(gain)/loss that listed in the Q&A Announcement No.1 on Information Disclosure
for Companies Offering Their Securities to the Public --- Extraordinary (non-recurring) Profit(gain)/loss as the recurring
profit(gain)/loss
□Applicable √Not applicable
The Company does not have any non-recurring profit(gain)/loss listed under the Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary (non-recurring) Profit(gain)/loss defined as
recurring profit(gain)/loss
9
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section III Management Discussion and Analysis
I. Main businesses of the Company in the reporting period
Main business of the Company includes the wholesale and retail business, food processing and manufacturing
business, leasing and commerce service business.
The wholesale and retail business are mainly rice, wheat, rice in the husk, corn, sorghum, cooking oil and other
varieties of grain and oil as well as the sales of fine tea, beverage and condiment. Mainly supplied wheat, rice,
corn, barley, sorghum and other raw grain to customers such as the industry's large traders, feed processing and
flour processing enterprises and so on; mainly sold rice, flour, cooking oil, high-quality tea, beverages and other
products to demand units and community residents. During the reporting period, the international environment
became more complex and severe, the conflict between Russia and Ukraine deepened and evolved, domestic
pandemics had frequent outbreaks, unexpected factors exceeded expectations, the adverse impact was
significantly increased, and the economic development was extremely unusual. The company continued to fight a
protracted battle for pandemic prevention and control, took multiple measures to ensure the supply of goods,
stabilize the supply, improve the products, strengthen the brand, deepen the market, and be a "stabilizer" for the
food security of the special zone.
Food processing and manufacturing business are mainly the processing the technology research in aspect of flour,
rice, cooking oil, tea and natural plant extracts, beverage, condiments, prepared foods, functional foods and so
forth. The company's flour brands and products include “Jinchangman”, “Yingshanhong” and “Hongli” series
bread flour; “Clivia” and “Canna” series tailored flour for cakes and steamed bun; “Sunflower” special flour for
noodles and dumpling skin; “Tianlvxiang” flour for civilian use and the rest; Rice products include “Shenliang
Doximi”, “Guzhixiang”, “Gufengxianman”, “Runxiangliangpin”, “Panong Blue”, “Taitai Fukou”,
“Duobaogufang”, “Taihexiang” and others; Cooking oil products include brands such as “Shenliang Fuxi”,
“Shenliang Jinxi” , “Youtian” and others; Tea brands mainly include "Jufangyong" tea; "Yichong" fresh extract,
"Jindiao" instant tea powder and other tea deep-processed products, as well as "Shenbao" chrysanthemum and
lemon tea, the "Cha Mi Xiang Qi" series of tea beverages as fresh fruit tea with grains and light food; lunch of
"Utopia Autumn" tea and wine continues to enrich the product mix; Condiments are mainly "Sanjing" oyster
sauce and sauces and the prepared food brand "Wotian"; the functional red yeast food"Shankangyuan"; Multiple
brands shapes a product series, including "Shenliang Yushuiqing" rice, noodles, oil and miscellaneous cereals
series, "Jiaxi" rice and noodle series, "Jinchangman" noodle and oil series, "Black-faced Spoonbill" tea, rice, oil,
drinking water, side dishes and spices series.
The leasing and business service refers to providing the professional import & export trade, warehousing &
10
深圳市深粮控股股份有限公司 2022 年半年度报告全文
storage, logistic & distribution, quality inspection & information technology services, property leasing and
management, business operation management services for all kinds of clients in the upstream and downstream of
the industrial chain, by using the advantage of brand reputation, operation service capacity and facility technology
that accumulated in field of grain and oil market. Its Dongguan smart gain logistics complex is a comprehensive
grain distribution service body integrating five major functions: grain & oil terminal, transit reserve, testing &
distribution, processing & production and market trading; subsidiary Shenliang Quality Inspection was awarded as
“Guangdong Shenzhen National Grain Quality Monitoring Station” and Shenliang Cold Chain provides cold
chain of food storage and distribution services to the customers, subsidiary Zhenping Company create a smart
supply chain management services platform for promoting the quality enhancement of "vegetable baskets" for
common people. Subsidiary Shenliang Property is a professional assets management platform enterprise.
II. Core Competitiveness Analysis
The company enhances the endogenous power by deepening reform, strengthens the "extensive" development by
innovation cooperation, and continuously upgrades and transforms the governance pattern, development quality,
and guarantee ability, and has embarked on a path of sustainable and high-quality development through self-
innovation, and become a highly competitive, innovative and influential "ten billion" backbone grain enterprise in
the domestic grain industry.
(1) Strategic guidance
The company's core management team has rich experience, strong strategic vision and pragmatic spirit. The
company focuses on the main business, vigorously promotes business model innovation and transformation, and
actively promotes the transformation from a "trade-oriented enterprise" to a "service-oriented enterprise" and from
the "operation-oriented management and control" to the "strategic management and control", and has successively
put forward the strategic goals and the specific implementation paths of building "the most competitive grain
circulation service enterprise in the region", "excellent service provider of grain supply chain" and "excellent
service provider in the supply chain of intelligent cereals, oil and foodstuff ". The company strengthens the grain
strategic service capability, integrates its strategy into the national strategy, focuses on the functional positioning
of "strengthening and optimizing the main business of grain, and serving the people's livelihood", actively deploys
the supply chain, and continues to independently invest in "high-quality grain source base + channel logistics
nodes + regional intelligent comprehensive park + urban intelligent distribution center”, and further promotes a
number of high-quality grain, oil and food projects and people's livelihood happiness projects such as Northeast
Grain Source Base, Dongguan Grain Logistics Node, Intelligent Group Meals, Affordable Granary “Benefiting
the People” Project, and “Tea &Rice Mutual Expectancy” Mini-type Synthesis, and effectively undertakes the
important tasks of "ballast stone", "reservoir" and "regulator" for food security in the "dual-zone construction".
(2) Management and operation
11
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The company actively builds a supply chain safe storage and transportation system to ensure regional food
security; and actively builds a supply chain storage and transportation system to establish the operation strategy of
"establishing food security firmly on supply chain security". According to the combination of dynamic and static,
constant storage and constant new, and business orientation, the company improves the resource allocation of the
intelligent cereals, oil and food supply chain, and strengthens the professional capabilities of "purchasing
transactions, logistics allocation, warehousing rotation, and emergency response". In terms of business layout, the
company deeply cultivates subdivides target markets, carries out differentiated and professional operations, and
uses "Internet +" as a means to innovate and develop supply channels and transaction methods for grain and oil
products, builds and improves the "three-in-one" multi-level product supply network of terminal grain and oil e-
commerce, catering delivery services, and bulk grain and oil trading services. In terms of business management
and control, the seamless link between "business" and "planning, funds, quality inspection, inventory, risk control,
and discipline inspection" has been realized by the self-owned information management system, and a rigorous
"six-in-one" management and control system to effectively has been built to reduce operating risks while fully
participating in market competition, and effectively realized the "consistency of political responsibility and
economic responsibility, and the unity of social benefits and economic benefits".
(3) R & D technology
The company attaches great importance to transforming and upgrading traditional industries with modern
technological means. It actively introduces new-generation information technologies such as the Internet of
Things, cloud computing, big data, and mobile Internet into grain management, forming an information system
that can cover the entire industrial chain of the grain industry, so as to realize refined control of key links of grain
procurement, warehousing, logistics, processing, trading, distribution, etc., and to promote the development of the
"Internet + food" industry. The company's informatization construction capability is at the leading level in the
domestic grain industry. It is the first in the industry to build a "standardized, mechanized, informationized, and
harmless" system for warehouse management. The self-developed "grain logistics information system (Shenliang
GLS)" has built a framework for the construction of grain informatization work, innovated the grain management
model and led the development direction of the grain industry. The project was awarded the "National Internet of
Things Major Application Demonstration Project" by the National Development and Reform Commission and the
Ministry of Finance, and Experience of "Shenliang GLS" Enabling Total Quality Management Mode won the
2020 National Quality Benchmark. The company has strong research and development capabilities in the field of
food and beverages, and has gathered leading technological advantages and equipment systems. Its subsidiaries,
Shenbao Huacheng, Wuyuan Jufangyong, and Wuhan Jiacheng are all national high-tech enterprises. The
company has undertaken a number of national research projects, presided over or participated in the preparation of
a number of national standards and industry standards, and many informatization project achievements and
scientific and technological achievements have won national, provincial and municipal awards.
(4) Quality control
12
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The company gives full play to the advantages of products, channels, brands, warehousing, quality inspection, etc.,
controls product quality and safety, and provides high-quality and safe products for the society. Its subsidiary,
Shenbao Huacheng, has established a quality control system recognized by large international food and beverage
companies. Its subsidiary, Shenliang Quality Inspection, has the leading grain and oil quality inspection
technology and equipment in the domestic grain industry, it has been incorporated into the national grain quality
supervision and inspection system, and was awarded the "Guangdong Shenzhen National Grain Quality
Monitoring Station" by the State Grain Administration, and obtained the Assessment Certificate (CATL) of the
Quality and Safety Testing Agency of Agricultural Products and the Certificate of Qualification (CMA) of the
Inspection and Testing Agency, etc., possessing with a number of certified testing capabilities. Shenliang Quality
Inspection includes pesticide residues, heavy metal pollutants, mycotoxins and other health indicators and food
taste indicators in the daily inspection indicators, and has the ability to test four types of indicators such as grain
conventional quality, storage quality, grain safety and edible quality, which can meet the relevant quality
inspection needs of grain and oil products, and can accurately analyze the nutrient content and health indicators of
grains and determine its storage quality and edible quality. It has built a "digital laboratory" in the grain industry
to monitor the entire process of sampling, testing, and distribution in real time, and cooperates with collaborative
platforms to save, retrieve, integrate, analyze, and share grain and oil testing data to achieve 100% inspection
coverage of grain and oil products.
(5) Incentive mechanism
The company focuses on the strategy of "strengthening the enterprise with talents", innovatively implements EVA
assessment, and stimulates the internal driving force of enterprise development. It continues to innovate the talent
training mechanism and build a high-quality talent supply chain, and has established an open talent echelon that
meets the needs of the long-term development of the enterprise so as to reserve intelligence for the upgrading and
development of the enterprise; it establishes result-oriented incentives and constraints appraisal system through
the innovative implementation of the EVA performance appraisal mechanism, advocates employees to create
value for shareholders, advocates the company to share value with employees, fully reflects the principle of
prioritizing the interests of shareholders, favorably promotes the rational allocation of corporate resources, and
effectively establishes a performance culture and stimulates the vitality of the company. The company is the first
pilot enterprise in the state-owned assets system to implement the full coverage of the EVA assessment, so as to
explore the replicable experience of establishing a share and incentive mechanism that is compatible with the
labor market and linked to the economic benefits of the enterprise. The company insists on cultivating and
advocating a corporate culture with the core values of "people oriented, performance first, quality first, and
harmony first", and combines the personal development goals of employees with the corporate vision to enhance
the cohesiveness of the company.
III. Main business analysis
2022 is the key period of the "14th Five-Year Plan". The company adheres to the general principle of seeking
13
深圳市深粮控股股份有限公司 2022 年半年度报告全文
progress while maintaining stability, actively serves and integrates into the new development pattern of grain
security, strengthens the coordinated guarantee of the whole chain of production, purchase, storage, processing
and sales, and insists on laying equal stress on quantity and quality, and thoroughly implements high-quality grain
projects to strengthen, optimize and expand the industrial chain. During the reporting period, Dongguan Logistics
Industrial Park project of the company was put into use, the company's transit business volume increased steadily,
the rise in prices of high value-added services and bulk trade and the increase in the gross profit margin of grain
and oil trade led to an increase in the company's overall efficiency. As of June 30, 2022, the company's total assets
were 7.633 billion yuan, of which the net assets attributable to shareholders of the listed company were 4.58
billion yuan; the cumulative operating revenue was 4.338 billion yuan, achieving total profit of 241 million yuan,
the net profit attributable to shareholders of the listed company was 238 million yuan, the weighted average return
on equity was 5.00%, and the basic earnings per share was 0.2061 yuan per share.
During the reporting period, the company based on its own advantages and industrial development, used
information technology, innovated and opened up the grain and oil products supply channels and trading methods,
created a new pattern for tea and food business industry, built a multi-group and multi-channel food supply chain
and service network, expanded the effective supply of medium- and high-end grain, oil, and food, and aims to
meet people's needs of "quality, diversity, nutrition, health, green, and convenience", and promoted the
transformation of grain and oil products from "eat full" to "eat well". The company continues to focus on grain
circulation services, and completes grain and oil supply services with quality and quantity by actively building
supply chains, continuously extending the industrial chains, innovating business models, and upgrading the
industrial value chains, the development of the main grain and oil business continues to improve.
(1) Focus on reform and innovation, and consolidate the support of modern governance capabilities
The company has completed the three-year action tasks of state-owned enterprise reform, the key tasks and
measures of the "Double Hundred Action", and the key task of benchmarking the world-class management
improvement action, and provided the national food and agriculture industry and the state-owned assets and
state-owned enterprises with a replicable and popularized "Shenliang Model". The company has carried out a
number of informatization construction projects to accelerate the digital transformation of the company's entire
chain. It has strictly performed information disclosure obligations, and continued to receive the highest rating of
"A" in the Shenzhen Stock Exchange's 2021 annual information disclosure assessment for companies listed on the
main board. It continues to strengthen organizational management and form a modern governance system with
complete system, scientific standardization and efficient operation.
(2) Focus on key projects and make breakthroughs to drive all-round development
The company's Northeast Grain Source Base has further strengthened the "production, purchase, storage,
processing and sales" chain of cereal and oil food, and Hongxinglong warehouse has adjusted the varieties of
unprocessed grain reserves; the rice production line has been officially put into production; new methods such as
14
深圳市深粮控股股份有限公司 2022 年半年度报告全文
containerized railway-sea or truck-sea combined transportation are adopted to reduce cereal loss, reduce
transportation time, and open up the channel of "north grain transported to the south".
The company's Dongguan grain logistics node construction and operation goes well, the Shenliang Logistics
Building is officially opened, the A1 flat warehouse project has completed the construction of the main body and
the supporting projects and is about to be put into production, and the A2 and A3 plots have obtained the
construction project planning permit and accelerated the construction. It successfully obtained the port operating
permit for berths No. 1 and No.2, and has started the construction of berth No.3; the port handling capacity
reached a new high in the first half of the year.
(3) Focus on brand building, enable operations to improve quality and efficiency
The company firmly promotes brand development, continuously improves the excellent brand matrix,
continuously improves the quality and scale of food supply, strengthens the core competitiveness, innovation and
output capabilities of the brand, serves the common people with more high-quality grain and oil products with
preferential prices, and sets an example in cereals, oils and foodstuff to create a benchmark for people's livelihood
and happiness. A total of 12 products from three subsidiaries of the company, i.e. Shenzhen Flour, Shenliang Food,
and Shenliang Oils and Fats, were selected into the ninth batch of "Shenzhen Products"; Shenbao Huacheng, a
subsidiary of the company, was awarded the 12th "Shenzhen Time-honored Brand".
(4) Focus on regional grain security, strengthen and standardize grain and oil management
The company is determined to be a "stabilizer" for grain security in Shenzhen Special Economic Zone, regularly
inspects and verifies the quantity and quality of grain and oil in stock at each warehouse, and provides reserve
services with high quality and quantity; builds a green and smart grain depot, and follows the full-process
inspection of warehousing, inventory and ex-warehouse. During the pandemic in Shenzhen, the company's grain
depots implemented closed management, and the "three-in-one" logistics model, automated warehouses, digital
laboratories and other emergency supply guarantees were operated in real time, which built the "first line of
defense" for emergency guarantee of grain supply.
(5) Focus on risk prevention and control, and firmly guard the bottom line and red line of safety
The company has firmly built a five-in-one "big risk control" management mechanism of "internal control
evaluation + safety production + audit + legal affairs + quality safety", and promoted full coverage of independent
evaluation and risk assessment of subsidiaries; strengthened the cost control of the whole process of engineering
projects; improved capital management system, built a unified supervision platform for funds, and improved the
long-term supervision mechanism for fund security check.
Y-o-y changes of main financial data
Unit: CNY/RMB
Same period of last Y-o-y
Current period Reasons for changes
year increase/decr
15
深圳市深粮控股股份有限公司 2022 年半年度报告全文
ease
The grain and oil trading sales
declined due to the impact of
Operating revenue 4,338,044,528.35 5,262,189,180.53 -17.56%
epidemic on supplying chain
business of the Company
The grain and oil trading sales
declined due to the impact of
Operating cost 3,775,825,625.81 4,650,397,070.67 -18.81%
epidemic on supplying chain
business of the Company
Stock of grain & oil and trading of
grain & oil in the period decreased
compared with the same period of
Sales expenses 79,331,081.69 106,711,776.77 -25.66%
the previous year, the sales expenses
from warehousing and port terminal
declined
Total profit after reducing rent by
the same caliber increased compared
Management with the same period of the previous
125,631,541.74 109,316,093.65 14.93%
expenses year, according to the operation, the
Company prepays the annual
performance and the payroll match
The berths 1 and 2 and CDE
warehouse were put into operation
Financial expenses 28,009,628.45 17,204,774.52 62.80% last year, the expense-based interest
costs increased compared with the
same period of last year
Income tax expense 2,958,666.41 13,407,354.56 -77.93%
R&D investment 10,137,177.77 10,926,018.15 -7.22%
The reserve gain& oil settlement
payment in 2021 and advance
Net cash flow appropriation in the first half of
arising from 260,373,502.86 -691,272,151.33 137.67% 2022 are collected in the first half of
operating activities 2022 while the same period of
previous year was the second half of
2021
In the same period of last year, the
Net cash flow
consideration paid for acquisition of
arising from
-25,369,682.63 -267,111,859.35 90.50% minority interest from Dongguan
investment
Logistics of 322 million yuan, and
activities
no similar occurred in current period
In the same period of last year, there
Net cash flow
were more loans from operation
arising from -212,953,478.35 836,677,347.40 -125.45%
flow, and in current period, some
financing activities
long-term loans are paid due to the
16
深圳市深粮控股股份有限公司 2022 年半年度报告全文
sufficient monetary funds
Net increase of cash
22,090,601.62 -121,720,142.83 118.15%
and cash equivalent
Major changes on profit composition or profit resources in reporting period
No major changes on profit composition or profit resources occurred in reporting period
Constitute of operating revenue
Unit: CNY/RMB
Current period Same period last year
Increase/decrea
Ratio in operation Ratio in operation
Amount Amount se y-o-y (+,-)
income income
Total operating
4,338,044,528.35 100% 5,262,189,180.53 100% -17.56%
revenue
According to industries
Wholesale and
3,409,189,664.66 78.59% 4,400,038,220.56 83.62% -22.52%
retail
Leasing and
commercial 470,365,451.05 10.84% 476,311,036.38 9.05% -1.25%
services
Manufacturing 458,489,412.64 10.57% 385,839,923.59 7.33% 18.83%
According to products
Grain and oil
trading and 3,754,406,530.76 86.55% 4,675,804,942.84 88.86% -19.71%
processing
Grain and oil
storage, logistics 439,642,478.40 10.13% 422,355,721.28 8.03% 4.09%
and services
Food & beverage
113,272,546.54 2.61% 111,339,446.11 2.11% 1.74%
and tea processing
Leasing and others 30,722,972.65 0.71% 52,689,070.30 1.00% -41.69%
According to region
Domestic market 4,313,917,094.98 99.44% 5,245,073,883.18 99.67% -17.75%
Exportation 24,127,433.37 0.56% 17,115,297.35 0.33% 40.97%
Industries, products or regions that account for more than 10% of the operating revenue or operating profit
√ Applicable □Not applicable
Unit: CNY/RMB
Increase/decre Increase/decre Increase/decr
Gross
ase of ase of ease of gross
Operating revenue Operating cost profit
operating operating cost profit ratio y-
ratio
revenue y-o-y y-o-y o-y
17
深圳市深粮控股股份有限公司 2022 年半年度报告全文
According to industries
Wholesale and
3,409,189,664.66 3,182,456,673.11 6.65% -22.52% -23.00% 0.58%
retail
According to products
Grain and oil
trading and 3,754,406,530.76 3,505,941,830.21 6.62% -19.71% -20.54% 0.98%
processing
According to region
Domestic market 4,313,917,094.98 3,759,320,612.43 12.86% -17.75% -18.94% 1.28%
Under circumstances of adjustment in reporting period for statistic scope of main business data, adjusted main business based on
latest one year’s scope of period-end
□ Applicable √Not applicable
Reasons for y-o-y relevant data with over 30% changes
□ Applicable √Not applicable
IV. Analysis of the non-main business
√ Applicable □ Not applicable
Unit: CNY/RMB
Whether be
Amount Ratio in total profit Causes
sustainable
Unsustainab
Investment income 3,038,365.75 1.26%
le
Gains/losses of fair Unsustainab
221,889.46 0.09%
value variation le
Accrual of the reserve for falling
prices of goods in stock. When
selling the goods with falling prices Unsustainab
Asset impairment -81,499,450.86 -33.79%
accrual, the actual carrying forward le
of the reserves will be used to offset
the current cost
Unsustainab
Non-operating income 1,133,017.31 0.47%
le
Unsustainab
Non-operating expense 67,133.97 0.03%
le
V. Assets and liability analysis
1. Major changes of assets composition
Unit: CNY/RMB
18
深圳市深粮控股股份有限公司 2022 年半年度报告全文
End of current period End of last year
Ratio in Ratio Notes of major
Ratio in
Amount total Amount changes(+,-) changes
total assets
assets
Monetary fund 72,460,681.82 0.95% 50,409,923.65 0.66% 0.29%
Settlement of
grain & oil
Account service income at
174,146,597.77 2.28% 283,047,341.62 3.69% -1.41%
receivable end of previous
year are received
in current period
Increase in grain
& oil stock
Inventory 3,619,041,269.92 47.41% 3,460,618,674.81 45.12% 2.29% compared to the
beginning of the
period
Investment real
225,116,917.61 2.95% 233,096,698.49 3.04% -0.09%
estate
Long-term
equity 72,955,363.50 0.96% 73,490,443.49 0.96% 0.00%
investment
Fix assets 2,122,654,384.98 27.81% 2,127,831,149.19 27.74% 0.07%
Construction in
198,788,393.17 2.60% 207,946,539.97 2.71% -0.11%
process
Right-of-use
87,899,195.17 1.15% 97,648,674.06 1.27% -0.12%
assets
Increase in
Short-term operating flow
725,635,087.73 9.51% 504,766,782.25 6.58% 2.93%
loans loans during the
period
Contract liability
decline due to the
carrying forward
Contract of recognized
83,531,467.12 1.09% 182,972,314.85 2.39% -1.30%
liability revenue upon
completion of
performance
obligations
Long-term Repayment of
624,310,269.81 8.18% 730,521,692.22 9.52% -1.34%
loans long-term loans
Lease liability 79,340,597.07 1.04% 80,173,743.75 1.05% -0.01%
19
深圳市深粮控股股份有限公司 2022 年半年度报告全文
2. Main overseas assets
□Applicable √Not applicable
3. Assets and liability measured by fair value
√ Applicable □ Not applicable
Unit: CNY/RMB
Accumulati
Changes of Devaluatio
ve changes
fair value n of Amount of Amount of
Opening of fair Other Ending
Items gains/losse withdrawin purchase in sale in the
amount value changes amount
s in this g in the the period period
reckoned
period period
into equity
Financial
assets
1.Trading
financial
assets
211,060,77 138,934,27 72,348,385.
(excluding 221,889.46
0.50 4.95 01
derivative
financial
assets)
Other non-
current 80,000,000. 80,057,500.
57,500.00
financial 00 00
assets
Aforementi 211,118,27 80,000,000. 138,934,27 152,405,88
221,889.46
oned total 0.50 00 4.95 5.01
Financial
0.00 0.00
liabilities
Content of other changes
Whether there have major changes on measurement attributes for main assets of the Company in report period or not
□ Yes √No
4. The assets rights restricted till end of the period
Item Ending book value Reasons for restriction
Monetary fund 1,000,000.00 Guarantee deposit
According to the long-term loan mortgage contract signed by Dongguan
Fix assets 354,690,060.54
Logistics, a subsidiary of the Company, with Shenzhen Branch of Agricultural
20
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Item Ending book value Reasons for restriction
Development Bank and Huizhou Zhongkai Sub-branch of HSBC, Dongguan
Logistics has subordinate mortgaged the real estate property rights of the
structures of Yue (2020) Dongguan Property Right No. 0127118, Yue (2020)
Dongguan Property Right No. 0127119, Yue (2020) Dongguan Property Right
No. 0127120, and Yue (2020) Dongguan Property Right No.0119705 at No. 10,
Jingang South Road, Machong Town, Dongguan City and other aground
buildings as collateral for the loan.
According to the long-term loan mortgage contract signed by Dongguan
Logistics, a subsidiary of the Company, with Shenzhen Branch of Agricultural
Development Bank and Huizhou Zhongkai Sub-branch of HSBC, Dongguan
Logistics has subordinate mortgaged the real estate property rights of the
Intangible assets 34,607,208.17 structures of Yue (2020) Dongguan Property Right No. 0127118, Yue (2020)
Dongguan Property Right No. 0127119, Yue (2020) Dongguan Property Right
No. 0127120, and Yue (2020) Dongguan Property Right No.0119705 at No. 10,
Jingang South Road, Machong Town, Dongguan City and other aground
buildings as collateral for the loan.
According to the loan contract Yue DG2017 NGDZ No. 006 signed by
International Food, a subsidiary of the Company, with Bank of Communications
Co., Ltd., Dongguan Branch, International Food has mortgaged its two pieces of
Intangible assets 32,555,832.71
land "DFGY (2009) DT No. 190" and "Yue (2020) Dongguan Real Estate Right
No. 0321771" to the Bank of Communications Co., Ltd., Dongguan Branch as
loan collateral.
Total 422,853,101.42
VI. Investment analysis
1. Overall situation
√ Applicable □ Not applicable
Investment in the same period of last
Investment in reporting period (RMB) Changes (+,-)
year (RMB)
33,983,734.95 423,203,922.73 -92.68%
2.The major equity investment obtained in the reporting period
□ Applicable √Not applicable
3.The major non-equity investment carrying in the reporting period
√ Applicable □ Not applicable
Unit: CNY/RMB
Invest Wheth Industr Amou Accum Capital Progre Expect Incom Reaso Date Disclo
Item
ment er it is y with nt ulated source ss ed e ns for of sure
21
深圳市深粮控股股份有限公司 2022 年半年度报告全文
metho the the input actual s earnin accum failure disclos index
d fixed invest in the input gs ulated to ure (if (if
assets ment period as of at end achiev any) any)
invest involv the end of the e
ment ed of reporti planne
(Y/N) reporti ng d
ng period progre
period ss and
expect
ed
benefit
s
Logisti
c node
project
(phase
II) of
Storag 1,469,
Dongg Self- 17,458 Owned 88.00
Y e and 018,01 - - - - -
uan build ,885 Funds %
wharf 2
Shenli
ang
Logisti
cs Co.,
Ltd.
1,469,
17,458
Total -- -- -- 018,01 -- -- - - -- -- --
,885
2
4. Financial assets investment
(1) Securities investment
√ Applicable □ Not applicable
Unit: CNY/RMB
Chang
es in
Book Cumu Profit
Accou fair Curre Book
Short value lative Curre and
Variet Code Initial nting value nt value Accou Capita
form at the fair nt loss in
y of of invest measu of the purch at the nting l
of begin value sales the
securi securi ment remen curren ase end of subjec Sourc
securi ning chang amou Repor
ties ties cost t t amou the t e
ties of the es in nt ting
model profit nt period
period equity Period
and
loss
Dome
Fair Tradi
stic Debt
value 1,142, ng
and 00001 Zhong 921,0 221,8 221,8 resche
0.00 measu 988.7 financ
overse 7 hua-A 99.27 89.46 89.46 duled
remen 3 ial
as shares
ts assets
stock
1,142,
921,0 221,8 221,8
Total 0.00 -- 0.00 0.00 0.00 988.7 -- --
99.27 89.46 89.46
3
22
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(2) Derivative investment
□ Applicable√Not applicable
The Company has no derivatives investment in the Period
5. Application of raised proceeds
□ Applicable√Not applicable
The Company has no application of raised proceeds in the Period
VII. Sales of major assets and equity
1. Sales of major assets
□ Applicable √Not applicable
The Company had no sales of major assets in the reporting period.
2. Sales of major equity
□ Applicable √ Not applicable
VIII. Analysis of main holding Company and stock-jointly companies
√ Applicable□Not applicable
Particular about main subsidiaries and stock-jointly companies net profit over 10%
Unit: CNY/RMB
Company Main Register Operating Operating
Type Total assets Net assets Net profit
name business capital revenue profit
Grain & oil
Shenzhen trading
Cereals processing, 1,530,000,0 7,724,060,5 4,176,587,1 4,135,433,5 191,940,30 190,067,85
Subsidiary
Group Co., Grain and 00.00 88.89 34.71 96.58 9.99 3.96
Ltd oil reserve
service
Shenzhen
Hualian
Grain & oil 100,000,00 1,328,101,5 236,491,46 716,632,54 76,222,688. 67,907,072.
Grain and Subsidiary
trading 0.00 71.73 3.20 0.79 50 76
Oil Trading
Co., Ltd.
Grain & oil
trading
Shenzhen
processing, 30,000,000. 1,047,853,4 125,037,61 1,311,330,4 42,274,613. 43,240,341.
Flour Co., Subsidiary
Grain and 00 54.19 3.88 91.16 24 15
Ltd
oil reserve
service
Particular about subsidiaries obtained or disposed in report period
√ Applicable □ Not applicable
23
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The way of getting and treating
Company name Influence on overall product and performance
subsidiary in the reporting
Shenzhen Shenbao Technology No material impact on overall production, operation
Mergers and Acquisitions
Center Co., Ltd. and results of the Company for the year
Zhenping Market Operation Tech. No material impact for now on overall production,
Newly established
Co., Ltd. operation and results of the Company for the year
Shenliang Hongli Grain & Oil No material impact for now on overall production,
Newly established
(Shenzhen) Co., Ltd. operation and results of the Company for the year
Explanation on main holding/stock-jointly enterprise:
Shenzhen Cereals Group Co., Ltd: business scope: general business items: grain and oil purchase and sales, grain and oil storage and
supply of military grain; grain and oil and products management and processing (operated by branches); operation and processing of
feed (operated by outsourcing); investment in grain and oil, feed logistics projects; establishing grain and oil and feed trading market
(including e-commerce market) (market license is also available); storage (operated by branches); development, operation and
management of free property; providing management services for hotels; investing and setting up industries (specific projects are
separately declared); domestic trade; engaging in import and export business; E-commerce and information construction; and grain
circulation service. Licensed business items: the following projects shall be operated only with the relevant examination and approval
documents if they are involved in obtaining approval: information services (internet information service only); general freight,
professional transport (refrigerated preservation). Register capital was 1,530,000,000.00 Yuan. Ended as this period, total assets
amounted as 7,724,060,588.89 Yuan, and net assets amounting to 4,176,587,134.71 Yuan, shareholders’ equity attributable to parent
Company is 3,976,719,908.68 Yuan; in the reporting period, achieved operation revenue, net profit and net profit attributable to
shareholder of parent Company as 4,135,433,596.58 Yuan, 190,067,853.96 Yuan and 181,114,135.34 Yuan respectively.
Shenzhen Hualian Grain and Oil Trading Co., Ltd.: Business scope: general business items: domestic trade (except for projects that
laws, administrative regulations, and decisions of the State Council require approval before registration); engaging in import and
export business (except for projects prohibited by laws, administrative regulations, and decision of the State Council, restricted
projects can be operated only after obtaining permission); online feed sales; information consultation, self-owned housing leasing
(excluding talent agency services and other restricted items); international freight forwarding, domestic freight forwarding (can only
be operated after being approved by the transport department if laws, administrative regulations, State Council decision require the
approval of transport department); Licensed business items: purchase and sale of grain and oil, online sales of grain and oil;
information service business (internet information service business only). Register capital was 100,000,000.00 Yuan. Ended as this
period, total assets amounted as 1,328,101,571.73 Yuan, and net assets amounting to 236,491,463.2 Yuan, shareholders’ equity
attributable to parent Company is 208,500,133.85 Yuan;in the reporting period, achieved operation revenue, net profit and net profit
attributable to parent Company as 716,632,540.79 Yuan, 67,907,072.76 Yuan and 67,612,430.08 Yuan respectively.
Shenzhen Flour Co., Ltd: business scope: hardware and electrical equipment, chemical products (excluding hazardous chemicals and
restricted items), auto parts, purchase and sales of construction materials; self-operated import and export business (carry out
according to the provisions of the registration certificate SMGDZZ No. 76); domestic trade (excluding franchise, exclusive control,
monopoly commodities); wheat wholesale and retail; flour processing and production. Register capital was 30,000,000.00 Yuan.
Ended as this period, total assets amounted as 1,047,853,454.19 Yuan, and net assets amounting to 125,037,613.88 Yuan,
shareholders’ equity attributable to parent Company is 125,037,613.88 Yuan; in the reporting period, achieved operation revenue, net
profit and net profit attributable to parent Company as 1,311,330,491.16 Yuan, 43,240,341.15 Yuan and 43,240,341.15 Yuan
respectively.
24
深圳市深粮控股股份有限公司 2022 年半年度报告全文
IX. Structured vehicle controlled by the Company
□ Applicable √Not applicable
X. Risks and countermeasures
1. The risk of the impact of the COVID-19 pandemic
The continued COVID-19 pandemic greatly affected the macroeconomic operation, and the uncertain risks faced
by economic development have intensified. The company has been greatly and negatively affected in terms of
production, trade, and industrial supply chain, resulting in rises in material costs, labor costs, logistics costs and
other costs a certain extent.
In response to this risk, the company strictly implements the pandemic prevention policies, and does a good job in
pandemic prevention tirelessly. On the one hand, the company builds a normalized mechanism for pandemic
prevention and control, and implements prevention and control measures from three aspects of "people, objects,
and environment"; on the other hand, the company makes reasonable arrangements for production and business
through advance planning to ensure that the company's production and operation are carried out in an orderly
manner. In addition, the company further promotes refined management to reduce costs and increase efficiency.
2. Raw material price fluctuation risk
Firstly, the monetary tightening policies to combat the inflation due to the over-issuance and depreciation of US
dollar and the decline in social production levels caused by the COVID-19 pandemic have led to sharp
fluctuations in prices of domestic and foreign commodities; secondly, as the COVID-19 pandemic continues,
some countries have controlled the export of agricultural products, and the restrictions on the circulation of
agricultural products caused the prices of agricultural products to rise; finally, the Russian-Ukrainian conflict have
blocked the grain exports of two important grain-producing countries, causing the global grain and oil prices to
continue to rise. The above risks have greatly impacted the industry in which the company operates, and the
company's external raw material procurement costs continue to be under pressure.
The company will actively respond to the adverse effects of raw material price fluctuations on the company's
operations through measures such as strengthening market forecasts, establishing strategic cooperation,
optimizing supply management, and refining the management of the entire industry chain.
3. Food safety risks
As a major livelihood issue, food safety concerns the vital interests and safety and health of the people. Under the
current situation of the sporadic and repeated COVID-19 pandemic, as emergency supplies, the distribution and
transportation of grain may be affected by the transportation control and the requirements of local pandemic
prevention policies. In order to ensure the supply and quality of emergency supplies, the company has made
careful deployment and joint coordination of various units to strengthen the pandemic prevention and control of
key objects such as people, vehicles, and the environment accompanying the goods, which not only ensures the
25
深圳市深粮控股股份有限公司 2022 年半年度报告全文
quality compliance and hygienic safety of the food to be put in storage, but also effectively guarantees sufficient
grain and oil reserves, stable market supply and good food quality.
To address this risk, the company implements the following specific measures. First, strictly implement the main
responsibility for food quality and safety. The company implements the special post for special responsibility,
implements the requirements of "one batch, one inspection" for grain, oil and food, and strengthens the source
control. Second, strengthen public opinion detection of food safety. The company strengthens the monitoring and
tracking of food safety public opinion trends, stabilizes the consumer market sentiment of grain and oil, and does
a good job in the management of grain quality and safety. Third, continuously improve the level of product quality
assurance through technological transformation and technological progress. Fourth, strengthen product
transportation and storage management to prevent secondary pollution of products.
4. The risk of market competition
As a representative enterprise of regional grain, oil and food business, there is still a certain gap in scale and brand
awareness between the company and other central enterprises and large multinational grain, oil and food
enterprises. In the future, the competition in the grain, oil and food industry will become more and more fierce, if
the company cannot effectively promote the own brands and expand marketing channels, it may face greater
market competition risks.
In order to cope with this risk, on the one hand, the company continues to improve the plan management level,
formulates the purchase and sales plan during the year, and carefully optimizes the procurement channels to
ensure sufficient grain supply and orderly supply; on the other hand, it continues to strengthen communication
with upstream and downstream customers in the industry chain, vigorously expands sales channels, focuses on
customer needs, develops brands and services, and enhances the company's brand value and competitiveness. At
the same time, the company actively develops new customers and effectively expands markets outside the region
and emerging markets.
5. Merger and acquisition integration risk
The company carries out investment and M&A projects according to its development strategy. Whether the M&A
project can form a synergistic effect with the original business and whether it can be effectively integrated with
the original corporate culture and management methods will affect the realization of the enterprise strategic goals,
and the lack of adequate management and control may lead to M&A-related risks.
In response to this risk, the company will take the following measures. The first is to pay attention to the
integrating degree of the operation of the acquired company with the company's development strategy, and make
corrections in a timely manner; the second is to pay attention to the synergy between the acquired company and
the company's existing industries, and coordinate the deployment of resources in a timely manner; the third is to
gradually promote and realize the integration of systems and cultures; the fourth is to optimize the performance-
26
深圳市深粮控股股份有限公司 2022 年半年度报告全文
based innovation incentive and assessment mechanism, and constantly adjust the incentive policies of the acquired
companies to adapt to the business objective.
27
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section IV Corporate Governance
I. Annual General Meeting and extraordinary shareholders general meeting held in this
period
1. AGM in the period
Investor
Sessions Type participatio Opening date Disclosure date Resolutions
n (%)
Resolution Notice of
AGM 2021 of Shenzhen
Cereals Holdings Co.,
2021 Annual Ltd. (Notice No.: 2022-
AGM 72.09% 2022-05-18 2022-05-19
general meeting 15) released on Juchao
website
(www.cninfo.com.cn)
dated 19 May 2022
2. Request for extraordinary general meeting by preferred stockholders whose voting rights restore
□ Applicable √ Not applicable
II. Changes of directors, supervisors and senior executives
√ Applicable □ Not applicable
Name Position Type Date Causes
Wang Li Director Outgoing 2022-01-12 Retirement
Zhu Junming President Outgoing 2022-06-05 Passed away
III. Profit distribution plan and capitalizing of common reserves plan for the Period
□ Applicable √ Not applicable
The Company plans not to carried out distribution of cash dividend, bonus shares and share converted from capital reserve either for
the half year
IV. Implementation of the Company’s stock incentive plan, employee stock ownership plan or
other employee incentives
□ Applicable √ Not applicable
During the reporting period, the Company has no stock incentive plan, employee stock ownership plan or other employee incentives
that have not been implemented.
28
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section V Environmental and Social Responsibility
I. Major environmental protection
The listed Company and its subsidiary whether belong to the key sewage units released from environmental protection department
□Yes √No
Administrative penalties imposed for environmental issues during the reporting period
Impact on the
Company/Subsidia Reasons for production & Corrective
Violation situation Penalty results
ry penalty operation of the measures
listed company
- - - - - -
Other environmental information disclosed with reference to the key emission units
N/A
Measures taken to reducing the carbon emissions during the reporting period and their effectiveness
□ Applicable √Not applicable
Reasons for not disclosing other environmental information
The company attached great importance to environmental protection work, and each subsidiary has built corresponding
environmental protection facilities according to the actual situation of production and operation to treat waste gas, dust, wastewater
and solid waste generated in the production process, so as to make its emissions reach the national and local relevant standards. At
the same time, based on its own business characteristics, the company’s subsidiaries have formulated a series of rules and regulations
on environmental protection and strictly implemented them to institutionalize and standardize the environmental protection.
II. Social responsibility
1. Rural revitalization.
In order to thoroughly implement the guiding spirit of the CPC Central Committee and the State Council on
consolidating and expanding the results of poverty alleviation and the effective connection of rural revitalization
and the decision-making and deployment of the Provincial Party Committee and the Municipal Party Committee
on the implementation opinions on comprehensively promoting rural revitalization, according to the unified
arrangement of the Shenzhen Municipal Party Committee, in July 2021, SZCH and Government Offices
Administration of Shenzhen Municipality and Meteorological Bureau of Shenzhen Municipality selected and
assigned personnel to formed a support working team stationed in the town (hereinafter referred to as "the
working team") to help carry out rural revitalization and assistance work in Tuocheng Town, Longchuan County,
Heyuan City, the working team gave full play to the advantages of the industry and provided support for the
industrial development of Tuocheng Town.
29
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The first was to implement the important exposition of General Secretary Xi Jinping's rural revitalization work in
practical work. Conducted in-depth research in towns and villages, completed the rural revitalization research
report and planning with high quality, and relevant results represented Heyuan City to participate in the selection
of Guangdong Province. The second was to implement the monitoring of poverty-returning with heart and
emotion. Implemented the contact mechanism for poverty-returning households, established a help book for
special groups, and connected with charitable and public welfare resources. The third was to adhere to people first
and life first, and assisted in the defense of the super-strong "Dragon Boat Water". Focused on helping Xindu
Village, Shengli Village, Dajiang Village and Sanyin Village. Among them, Comrade Huang Bo joined the militia
emergency team for flood fighting and emergency rescue at the first time, and made outstanding contributions,
winning the title of "Flood Control and Flood Fighting Model" issued by the People's Armed Forces of Tuocheng
Town.
2. The work of aid to Tibet.
The selected second batch of aid-Tibet cadres thoroughly implemented the spirit of Xi Jinping's important
instructions, applied realistic and pragmatic approaches, took real action and worked hard, and conscientiously
carried out every task of aid to Tibet with a strong sense of responsibility and mission, achieved the consolidation
of poverty alleviation results and the effective connection of rural revitalization, steadily promoted the high-
quality development of the farms in Zayu County, and successfully completed the task of aid to Tibet.
3. Volunteer service.
In the first half of 2022, the pandemic situation in Shenzhen showed a trend of frequent occurrences. In the face of
the severe pandemic, Shenliang people acted bravely and acted well, actively participated in the anti-pandemic
front line, and demonstrated the social responsibility of state-owned enterprises with service consciousness. More
than 110 people of the company participated in the front-line prevention and control of the pandemic, and the
volunteer service time exceeded 8,000 hours.
30
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section VI Important Events
I. Commitments completed in Period and those without completed till end of the Period from actual
controller, shareholders, related parties, purchaser and companies
√Applicable □ Not applicable
Type of Imple
Commitment Promise Commitme Commitm
commitme Content of commitments mentat
reason by nt date ent term
nts ion
Commitment on the Lock-up Period of the
Shares: Shenzhen Shenbao Industrial Co.,
Ltd. (hereinafter referred to as
“Shenshenbao” and “Listed Company”)
intends to purchase the 100% equity of
Shenzhen Cereals Group Co., Ltd.
(hereinafter referred to as “SZCG”, “target
company”) held by the shareholders of SZCG
through issuance of shares. Shenzhen Food
Materials Group Co., Ltd (hereinafter referred
to as “the committed person”), the controlling
shareholder of SZCG, has made the following
commitments: 1. The committed person
should not transfer the shares of the listed
company obtained from this transaction
Shares
within 36 months from the date of listing of
Commitments Food limited for
the shares. If the closing price of the listed Compl
in assets Materials sale 2018-04-02 2022-5-12
company’s stock is lower than the issue price eted
reorganization Group commitme
for 20 consecutive trading days within 6
nt
months after the completion of this
transaction, or the closing price is lower than
the issue price at the term end of 6 months
after the completion of the transaction, the
lock-up period for the committed person to
hold the company’s stock automatically
prolongs for at least 6 months. 2. At the
expiration of the above-mentioned lock-up
period, if the committed person doesn’t fully
fulfill the performance compensation
obligation stipulated in the Performance
Compensation Agreement, the lock-up period
of the shares issued to the committed person
will be prolonged to the date when the
performance compensation obligation is
31
深圳市深粮控股股份有限公司 2022 年半年度报告全文
fulfilled. 3. Before this transaction, the shares
of the Listed Company held by the committed
person and the companies controlled by the
promise shall not be transferred within 12
months after the completion of this
transaction. 4. During the lock-up period of
shares, the part that the committed person has
increased due to the bonus issue of dividends,
transfer of share capital or share allotment of
the Listed Company and other ex dividend
and ex right matters should also abide by the
above-mentioned share lock-up arrangement.
5. If the above lock-up period does not
comply with the latest regulatory
requirements of the securities regulatory
authority, the committed person will agree to
make corresponding adjustments according to
the latest regulatory opinions of the
regulatory authorities, and implement in
accordance with the relevant provisions of the
China Securities Regulatory Commission and
the Shenzhen Stock Exchange after the lock-
up period expires.
Completed on
Y
time (Y/N)
If the
commitment is
overdue and
has not been
fulfilled, the
specific reasons
for incomplete Not applicable
performance
and the work
plan for next
step shall be
explained in
detail
II. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
No non-operational fund occupation from controlling shareholders and its related party in period.
32
深圳市深粮控股股份有限公司 2022 年半年度报告全文
III. External guarantee out of the regulations
□ Applicable √ Not applicable
No external guarantee out of the regulations occurred in the period.
IV. Appointment and non-reappointment (dismissal) of CPA
Whether the financial report has been audited or not
□Yes √No
The financial report has not been audited
V. Explanation from Board of Directors and Supervisory Committee for “Qualified Opinion”
that issued by CPA
□ Applicable √ Not applicable
VI. Explanation from the BOD for “Qualified Opinion” of last year
□ Applicable √ Not applicable
VII. Bankruptcy reorganization
□ Applicable √ Not applicable
No bankruptcy reorganization for the Company in end of this period
VIII. Lawsuits
Significant lawsuits and arbitration
□ Applicable √ Not applicable
No significant lawsuits and arbitration occurred in the reporting period
Other lawsuits
√ Applicable □ Not applicable
Amount Resulted an
Lawsuits involved (in accrual Trial result Execution of Disclosure Disclosure
Progress
(arbitration) 10 thousand liability and influence judgment date index
Yuan) (Y/N)
As of 30 Yes, the The After
June 2022, single loan Company comprehensi In promoting Not
11,797.26
other contract actively ve analysis, actively applicable
lawsuits that dispute from makes use of the outcome
33
深圳市深粮控股股份有限公司 2022 年半年度报告全文
did not meet subordinate the of the cases
the enterprise of advantageous involved in
disclosure the Company resources of the lawsuits
standards for is expected internal legal will not have
significant to form an affairs and a significant
lawsuits accrual external laws impact on the
mainly liability of firm to Company
including: 3.5 million follow up
disputes over yuan and deal with
purchase and approximatel the lawsuit-
sales y. Other related cases.
contract, lawsuit- At present,
disputes over related cases the Company
loans are relatively is responding
contract, small in to and
disputes over individual dealing with
construction amount, and the cases
contracts, will not have effectively in
disputes over a significant accordance
corporate impact on the with relevant
separation Company laws and
contracts and when regulations
housing lease analyzed in
contract conjunction
dispute etc. with the
progress of
these cases.
IX. Penalty and rectification
□ Applicable √Not applicable
X. Integrity of the Company and its controlling shareholders and actual controllers
□ Applicable √Not applicable
XI. Major related transaction
1. Related transaction with routine operation concerned
□ Applicable √ Not applicable
No related transaction occurred in the period with routine operation concerned
34
深圳市深粮控股股份有限公司 2022 年半年度报告全文
2. Assets or equity acquisition, and sales of assets and equity
□ Applicable √ Not applicable
No related transaction concerning the asses or equity acquisition and sold in the period
3. Related transaction of foreign investment
□ Applicable √Not applicable
No related transaction of foreign investment occurred in the period
4. Related credits and liabilities
□ Applicable √ Not applicable
No related credits and liabilities occurred in period
5. Contact with the related finance companies
□ Applicable √Not applicable
There are no deposits, loans, credits or other financial business between the finance companies with associated relationship and
related parties
6. Transactions between the finance company controlled by the Company and related parties
□ Applicable √ Not applicable
There are no deposits, loans, credits or other financial business between the finance companies controlled by the Company and
related parties
7. Other major related transaction
□ Applicable √Not applicable
No other major related transaction in the Period.
XII. Significant contract and implementations
1. Trusteeship, contract and leasing
(1) Trusteeship
□ Applicable √Not applicable
No trusteeship for the Company in reporting period
(2) Contract
□ Applicable √Not applicable
No contract for the Company in reporting period
35
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(3) Leasing
□ Applicable √Not applicable
No leasing in reporting period
2. Major Guarantee
√Applicable □ Not applicable
Unit: 10 thousand Yuan
External Guarantee (not including guarantees to subsidiaries)
Name of
Related Complet Guarante
the Actual
Announc Actual Counter e e for
Compan Guarante date of Guarante Collatera Guarante
ement guarante guarante impleme related
y e limit happenin e type l (if any) e term
disclosur e limit e (if any) ntation party
guarante g
e date or not (Y/N)
ed
Guarantee for the subsidiaries
Name of
Related Complet Guarante
the Actual
Announc Actual Counter e e for
Compan Guarante date of Guarante Collatera Guarante
ement guarante guarante impleme related
y e limit happenin e type l (if any) e term
disclosur e limit e (if any) ntation party
guarante g
e date or not (Y/N)
ed
Donggua
n
Internati
onal
Joint
Food 2018-07-
37,632 30,632 liability N/A N 14 years N N
Industria 27
guaranty
l Park
Develop
ment
Co., Ltd.
Total amount of
Total amount of
actual occurred
approving guarantee
79,138 guarantee for 2,372
for subsidiaries in
subsidiaries in report
report period (B1)
period (B2)
Total amount of Total balance of
approved guarantee actual guarantee for
for subsidiaries at 116,770 subsidiaries at the 30,632
the end of reporting end of reporting
period (B3) period (B4)
36
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Guarantee of the subsidiaries for the subsidiaries
Name of
Related Complet Guarante
the Actual
Announc Actual Counter e e for
Compan Guarante date of Guarante Collatera Guarante
ement guarante guarante impleme related
y e limit happenin e type l (if any) e term
disclosur e limit e (if any) ntation party
guarante g
e date or not (Y/N)
ed
Donggua
n
Joint
Shenlian 2015-07-
27,300 9,921 liability N/A N 8 years N N
g 13
guaranty
Logistics
Co., Ltd.
Donggua
n
Internati
onal
Joint
Food 2018-07-
39,168 31,883 liability N/A N 14 years N N
Industria 27
guaranty
l Park
Develop
ment
Co., Ltd.
Total amount of
Total amount of
actual occurred
approving guarantee
49,062 guarantee for 2,469
for subsidiaries in
subsidiaries in report
report period (C1)
period (C2)
Total amount of Total balance of
approved guarantee actual guarantee for
for subsidiaries at 115,530 subsidiaries at the 41,804
the end of reporting end of reporting
period (C3) period (C4)
Total amount of guarantee of the Company (total of three above mentioned guarantee)
Total amount of Total amount of
approving guarantee actual occurred
128,200 4,841
in report period guarantee in report
(A1+B1+C1) period (A2+B2+C3)
Total amount of Total balance of
approved guarantee actual guarantee at
232,300 72,436
at the end of report the end of report
period (A3+B3+C2) period (A4+B4+C4)
The proportion of the total amount of
15.82%
actually guarantee in the net assets of the
37
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Company (that is A4+ B4+C4)
Including:
Balance of the guarantee provided for
shareholder, actual controller and their 0
related parties (D)
The debts guarantee amount provided for the
guaranteed parties whose assets-liability ratio 72,436
exceed 70% directly or indirectly (E)
Proportion of total amount of guarantee in
0
net assets of the Company exceed 50% (F)
Total amount of the aforesaid three
72,436
guarantees (D+E+F)
Explanation on guarantee with composite way
N/A
3.Trust financing
√ Applicable □ Not applicable
Unit: 10 thousand Yuan
Impairment
amount accrual for
Type Fund sources Amount occurred Undue balance Overdue amount
overdue financial
management
Bank financial
Owned funds 34,500 34,500 0 0
products
Total 34,500 34,500 0 0
The high-risk trust investment with single major amount or has minor security, poor fluidity and non-guaranteed
□ Applicable √Not applicable
Unrecoverable principal or impairment possibility from entrust investment
□ Applicable √ Not applicable
4. Other material contracts
□ Applicable √ Not applicable
No other material contracts in the period.
XIII. Explanation of other important events
√ Applicable □ Not applicable
1. Changes in directors, supervisor and senior executives
(1) On January 12, 2022, the Company received a written resignation report from Director Mr. Wang Li, who has reached the
statutory retirement age and has applied for resignation as a Director of the Company and Mr. Li does not hold any other positions in
the Company after leaving. Found more in Notice on Retirement of Directors released on Juchao Website (www.cninfo.com.cn)
dated January 14, 2022.
38
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(2) On June 5, 2022, President and legal representative of the Company Mr. Zhu Junming passed away due to illness, number of the
directors was reduced from 8 to 7, which is not lower than the minimum number of directors as regulated in Company Law. Found
more in Notice on Death of the President and Legal Representative of the Company released on Juchao Website
(www.cninfo.com.cn) dated June 7, 2022.
XIV. Important events from subsidiaries
□ Applicable √ Not applicable
39
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section VII. Changes in Shares and Particulars about Shareholders
I. Changes in Share Capital
1. Changes in Share Capital
Unit: Share
Before the Change Increase/Decrease in the Change (+, -) After the Change
Public
Bonu reserve
New
Proportio s transfer Othe Subto Proportio
Amount shares Amount
n share into rs tal n
issued
s share
capital
I. Restricted shares 684,601,142 59.40% 0 0 0 0 0 684,601,142 59.40%
1. State-owned
0 0.00% 0 0 0 0 0 0 0.00%
shares
2. State-owned
legal person’s 684,569,567 59.40% 0 0 0 0 0 684,569,567 59.40%
shares
3. Other domestic
31,575 0.00% 0 0 0 0 0 31,575 0.00%
shares
Including:
Domestic legal 0 0.00% 0 0 0 0 0 0 0.00%
person’s shares
Domestic
natural person’s 31,575 0.00% 0 0 0 0 0 31,575 0.00%
shares
4. Foreign shares 0 0.00% 0 0 0 0 0 0 0.00%
Including:
Foreign legal 0 0.00% 0 0 0 0 0 0 0.00%
person’s shares
Foreign
natural person’s 0 0.00% 0 0 0 0 0 0 0.00%
shares
II. Unrestricted
467,934,112 40.60% 0 0 0 0 0 467,934,112 40.60%
shares
1. RMB ordinary
416,184,832 36.11% 0 0 0 0 0 416,184,832 36.11%
shares
2. Domestically
listed foreign 51,749,280 4.49% 0 0 0 0 0 51,749,280 4.49%
shares
3. Overseas listed 0 0.00% 0 0 0 0 0 0 0.00%
40
深圳市深粮控股股份有限公司 2022 年半年度报告全文
foreign shares
4. Others 0 0.00% 0 0 0 0 0 0 0.00%
III. Total shares 1,152,535,254 100.00% 0 0 0 0 0 1,152,535,254 100.00%
Reasons for share changed
□ Applicable √ Not applicable
Approval of share changed
□ Applicable √ Not applicable
Ownership transfer of share changed
□ Applicable √ Not applicable
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of reducing holdings of shares buy-back by centralized bidding
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to common
shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose or need to disclosed under requirement from security regulators
□ Applicable √ Not applicable
2. Changes of lock-up stocks
□ Applicable √ Not applicable
II. Securities issuance and listing
□ Applicable √ Not applicable
III. Number of shareholders and particulars about shares holding
Unit: Share
Total preference shareholders with voting
Total common stock shareholders in
55,911 rights recovered at end of reporting period (if 0
reporting period-end
applicable) (see note 8)
Particulars about common shares held above 5% by shareholders or top ten common shareholders
Informatio
n of shares
Amount of
Amount of pledged,
Proport common Amount of
common tagged or
Full name of Nature of ion of shares held at Changes in restricted
shares held frozen
Shareholders shareholder shares the end of report period common
without A
held reporting shares held State
restriction m
period of
o
share
u
41
深圳市深粮控股股份有限公司 2022 年半年度报告全文
nt
Shenzhen Food
State-owned
Materials Group 63.79% 735,237,253 0 669,184,735 66,052,518
legal person
Co., Ltd
Shenzhen
Agricultural State-owned
8.23% 94,832,294 0 15,384,832 79,447,462
Products Group Co., legal person
Ltd
Dongguan Fruit
Domestic
Vegetable Non-
non-state 0.75% 8,698,216 8,698,216 0 8,698,216
staple Food Trading
legal person
Market Co., Ltd.
Domestic
Jiang Runlin 0.46% 5,300,000 5,300,000 0 5,300,000
nature person
Hong Kong
Foreign legal
Securities Clearing 0.35% 4,070,515 1,407,928 0 4,070,515
person
Company Limited
Domestic
Lin Junbo 0.33% 3,830,100 230,100 0 3,830,100
nature person
Domestic
Zhong Zhenxin 0.29% 3,295,500 0 0 3,295,500
nature person
Domestic
Sun Huiming 0.28% 3,250,062 0 0 3,250,062
nature person
Domestic
Chen Jiuyang 0.26% 2,978,570 121,870 0 2,978,570
nature person
Domestic
Wang Yulin 0.12% 1,370,630 1,370,630 0 1,370,630
nature person
Strategy investor or general legal
person becoming the top 10 common
N/A
shareholders by placing new shares
(if applicable) (see note 3)
Shenzhen SASAC directly holds 100% equity of Shenzhen Food Materials Group Co.,
Ltd., and holds 34% of Shenzhen Agricultural Products Group Co., Ltd. indirectly
Explanation on associated
through Shenzhen Food Materials Group Co., Ltd.; the Company was not aware of any
relationship among the aforesaid
related relationship between other shareholders above, and whether they belonged to
shareholders
parties acting in concert as defined by the Acquisition Management Method of Listed
Company.
Description of the above
shareholders in relation to
N/A
delegate/entrusted voting rights and
abstention from voting rights.
Special note on the repurchase
account among the top 10 N/A
shareholders (if applicable) (see note
42
深圳市深粮控股股份有限公司 2022 年半年度报告全文
11)
Particular about top ten shareholders with un-lock up common stocks held
Amount of common shares held without Type of shares
Shareholders’ name
restriction at Period-end Type Number
Shenzhen Agricultural Products RMB common
79,447,462 79,447,462
Group Co., Ltd shares
Shenzhen Food Materials Group Co., RMB common
66,052,518 66,052,518
Ltd shares
Dongguan Fruit Vegetable Non- RMB common
8,698,216 8,698,216
staple Food Trading Market Co., Ltd. shares
RMB common
Jiang Runlin 5,300,000 5,300,000
shares
Hong Kong Securities Clearing RMB common
4,070,515 4,070,515
Company Limited shares
RMB common
Lin Junbo 3,830,100 3,830,100
shares
RMB common
Zhong Zhenxin 3,295,500 3,295,500
shares
Domestically
Sun Huiming 3,250,062 listed foreign 3,250,062
shares
RMB common
Chen Jiuyang 2,978,570 2,978,570
shares
RMB common
Wang Yulin 1,370,630 1,370,630
shares
Expiation on associated relationship Shenzhen SASAC directly holds 100% equity of Shenzhen Food Materials Group Co.,
or consistent actors within the top 10 Ltd., and holds 34% of Shenzhen Agricultural Products Group Co., Ltd. indirectly
un-lock up common shareholders and through Shenzhen Food Materials Group Co., Ltd.; the Company was not aware of any
between top 10 un-lock up common related relationship between other shareholders above, and whether they belonged to
shareholders and top 10 common parties acting in concert as defined by the Acquisition Management Method of Listed
shareholders Company.
At the end of reporting period, Shareholder – Lin Junbo holds 3,094,100 shares of the
Company under customer credit trading secured securities account through China
Explanation on top 10 common
Merchants Securities Co., Ltd., common account holds 736,000 shares, and 3,830,100
shareholders involving margin
shares are held in total at end of the Period. During the reporting period, the credit trading
business (if applicable) (see note 4)
secured securities account has 505,900 shares decreased, and shares held in the common
account has 736,000 shares increased, shares held are increased 230,100 shares in total.
Whether top ten common stock shareholders or top ten common stock shareholders with un-restrict shares held have a buy-back
agreement dealing in reporting period
□ Yes √ No
The top ten common stock shareholders or top ten common stock shareholders with un-restrict shares held of the Company have no
buy-back agreement dealing in reporting period.
43
深圳市深粮控股股份有限公司 2022 年半年度报告全文
IV. Changes of shares held by directors, supervisors and senior executives
□ Applicable √ Not applicable
Shares held by directors, supervisors and senior executives have no changes in reporting period, found more details in Annual Report
2021.
V. Changes in controlling shareholders or actual controllers
Change of controlling shareholder during the reporting period
□ Applicable √ Not applicable
The Company had no change of controlling shareholder during the reporting period
Change of actual controller during the reporting period
□ Applicable √ Not applicable
The Company had no change of actual controller during the reporting period
44
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section VIII. Preferred Stock
□ Applicable √ Not applicable
The Company had no preferred stock in the Period.
45
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section IX Corporate Bonds
□ Applicable √ Not applicable
46
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Section X Financial Report
I. Audit report
Whether the semi annual report is audited
□ Yes √ No
The company's semi annual financial report has not been audited
II. Financial Statement
Statement in Financial Notes are carried Unit: CNY/RMB
1. Consolidated Balance Sheet
Prepared by SHENZHEN CEREALS HOLDINGS CO., LTD.
June 30, 2022
Unit: CNY/RMB
Item June 30, 2022 January 1, 2022
Current assets:
Monetary funds 72,460,681.82 50,409,923.65
Settlement provisions
Capital lent
Trading financial assets 72,348,385.01 211,060,770.50
Derivative financial assets
Note receivable 97,750.00 687,242.00
Account receivable 174,146,597.77 283,047,341.62
Receivable financing
Accounts paid in advance 94,594,325.01 115,894,774.61
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 46,469,468.38 32,377,838.35
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 3,619,041,269.92 3,460,618,674.81
Contract assets
Assets held for sale
Non-current asset due within one
year
47
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Other current assets 96,125,797.78 88,457,984.90
Total current assets 4,175,284,275.69 4,242,554,550.44
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 72,955,363.50 73,490,443.49
Investment in other equity
instrument
Other non-current financial
80,057,500.00 57,500.00
assets
Investment real estate 225,116,917.61 233,096,698.49
Fixed assets 2,122,654,384.98 2,127,831,149.19
Construction in progress 198,788,393.17 207,946,539.97
Productive biological asset 373,155.60 378,001.80
Oil and gas asset
Right-of-use assets 87,899,195.17 97,648,674.06
Intangible assets 595,234,927.12 609,405,194.82
Expense on Research and
326,306.90
Development
Goodwill 1,953,790.56 1,953,790.56
Long-term expenses to be
26,155,659.30 28,795,206.45
apportioned
Deferred income tax asset 40,597,732.21 40,529,425.47
Other non-current asset 5,297,491.87 5,931,731.58
Total non-current asset 3,457,410,817.99 3,427,064,355.88
Total assets 7,632,695,093.68 7,669,618,906.32
Current liabilities:
Short-term loans 725,635,087.73 504,766,782.25
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 554,848,179.43 426,906,669.71
Accounts received in advance 8,440,204.85 2,379,891.67
Contract liability 83,531,467.12 182,972,314.85
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
48
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Security sales of agency
Wage payable 243,659,888.70 320,706,055.47
Taxes payable 45,257,793.47 86,813,588.15
Other account payable 379,510,687.74 376,607,198.99
Including: Interest payable
Dividend payable 2,933,690.04 2,933,690.04
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due
112,832,529.55 128,732,475.16
within one year
Other current liabilities 1,764,823.46 4,367,576.91
Total current liabilities 2,155,480,662.05 2,034,252,553.16
Non-current liabilities:
Insurance contract reserve
Long-term loans 624,310,269.81 730,521,692.22
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability 79,340,597.07 80,173,743.75
Long-term account payable 17,445,737.26 17,266,921.98
Long-term wages payable
Accrual liability 3,500,000.00 3,500,000.00
Deferred income 87,080,932.92 93,129,536.68
Deferred income tax liabilities 13,661,333.11 13,868,191.82
Other non-current liabilities
Total non-current liabilities 825,338,870.17 938,460,086.45
Total liabilities 2,980,819,532.22 2,972,712,639.61
Owner’s equity:
Share capital 1,152,535,254.00 1,152,535,254.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 1,259,639,656.65 1,259,639,656.65
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 405,575,490.42 405,575,490.42
Provision of general risk
Retained profit 1,761,935,670.70 1,812,541,701.27
49
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Total owner’ s equity attributable to
4,579,686,071.77 4,630,292,102.34
parent company
Minority interests 72,189,489.69 66,614,164.37
Total owner’ s equity 4,651,875,561.46 4,696,906,266.71
Total liabilities and owner’ s equity 7,632,695,093.68 7,669,618,906.32
Legal Representative: Hu Xianghai
Person in charge of accounting works: Lu Yuhe
Person in charge of accounting institute: Wen Jieyu
2. Balance Sheet of Parent Company
Unit: CNY/RMB
Item June 30, 2022 January 1, 2022
Current assets:
Monetary funds 3,445,937.73 2,264,388.89
Trading financial assets 72,189,251.68 181,047,789.68
Derivative financial assets
Note receivable
Account receivable 33,806,426.32 135,678,426.30
Receivable financing
Accounts paid in advance
Other account receivable 1,163,766,691.58 983,939,717.84
Including: Interest receivable
Dividend
540,000,000.00 540,000,000.00
receivable
Inventories
Contract assets
Assets held for sale
Non-current assets maturing
within one year
Other current assets 274,391.11 1,083,482.32
Total current assets 1,273,482,698.42 1,304,013,805.03
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 4,024,019,425.09 4,048,519,425.09
Investment in other equity
instrument
Other non-current financial
assets
50
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Investment real estate 16,279,118.62 16,514,913.76
Fixed assets 33,958,651.80 32,097,138.18
Construction in progress 516,131.26 239,282.75
Productive biological assets 373,155.60 378,001.80
Oil and natural gas assets
Right-of-use assets
Intangible assets 17,924,048.27 19,338,264.04
Research and development costs
Goodwill
Long-term deferred expenses 1,354,041.18 1,538,731.98
Deferred income tax assets
Other non-current assets 4,701,190.87 4,602,630.58
Total non-current assets 4,099,125,762.69 4,123,228,388.18
Total assets 5,372,608,461.11 5,427,242,193.21
Current liabilities:
Short-term borrowings 28,175,026.24
Trading financial liability
Derivative financial liability
Notes payable
Account payable
Accounts received in advance
Contract liability
Wage payable 27,395,625.61 29,472,163.62
Taxes payable 4,967,437.88 2,801,612.80
Other accounts payable 963,897,833.67 764,330,925.37
Including: Interest payable
Dividend payable 2,933,690.04 2,933,690.04
Liability held for sale
Non-current liabilities due
within one year
Other current liabilities
Total current liabilities 996,260,897.16 824,779,728.03
Non-current liabilities:
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee
compensation payable
Accrued liabilities 3,500,000.00 3,500,000.00
51
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 3,500,000.00 3,500,000.00
Total liabilities 999,760,897.16 828,279,728.03
Owners’ equity:
Share capital 1,152,535,254.00 1,152,535,254.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 3,018,106,568.27 3,018,106,568.27
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 133,171,062.28 133,171,062.28
Retained profit 69,034,679.40 295,149,580.63
Total owner’s equity 4,372,847,563.95 4,598,962,465.18
Total liabilities and owner’s equity 5,372,608,461.11 5,427,242,193.21
3. Consolidated Profit Statement
Unit: CNY/RMB
Item Semi-annual of 2022 Semi-annual of 2021
I. Total operating income 4,338,044,528.35 5,262,189,180.53
Including: Operating income 4,338,044,528.35 5,262,189,180.53
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 4,027,985,541.37 4,901,525,013.61
Including: Operating cost 3,775,825,625.81 4,650,397,070.67
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal
of insurance contract reserve
Bonus expense of
guarantee slip
Reinsurance expense
52
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Tax and extras 9,050,485.91 6,969,279.85
Sales expense 79,331,081.69 106,711,776.77
Administrative expense 125,631,541.74 109,316,093.65
R&D expense 10,137,177.77 10,926,018.15
Financial expense 28,009,628.45 17,204,774.52
Including: Interest
27,256,521.87 15,362,400.04
expenses
Interest
1,233,894.54 765,002.68
income
Add: Other income 8,030,243.98 4,891,929.30
Investment income (Loss is
3,038,365.75 3,501,371.30
listed with “-”)
Including: Investment
income on affiliated company and joint -535,079.99 440,179.67
venture
The termination of
income recognition for financial assets
measured by amortized cost
Exchange income (Loss is
listed with “-”)
Net exposure hedging
income (Loss is listed with “-”)
Income from change of fair
221,889.46 288,972.32
value (Loss is listed with “-”)
Loss of credit impairment
245,856.01 34,157.37
(Loss is listed with “-”)
Losses of devaluation of
-81,499,450.86 -111,448,173.12
asset (Loss is listed with “-”)
Income from assets disposal
8,318.64
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
240,095,891.32 257,940,742.73
“-”)
Add: Non-operating income 1,133,017.31 1,627,702.56
Less: Non-operating expense 67,133.97 403,164.30
IV. Total profit (Loss is listed with “-”) 241,161,774.66 259,165,280.99
Less: Income tax expense 2,958,666.41 13,407,354.56
V. Net profit (Net loss is listed with “-
238,203,108.25 245,757,926.43
”)
(i) Classify by business continuity
1.continuous operating net profit
238,203,108.25 245,757,926.43
(net loss listed with ‘-”)
2.termination of net profit (net
loss listed with ‘-”)
(ii) Classify by ownership
53
深圳市深粮控股股份有限公司 2022 年半年度报告全文
1.Net profit attributable to
237,527,782.93 243,846,874.76
owner’s of parent company
2.Minority shareholders’ gains
675,325.32 1,911,051.67
and losses
VI. Net after-tax of other
comprehensive income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that
cannot be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
54
深圳市深粮控股股份有限公司 2022 年半年度报告全文
VII. Total comprehensive income 238,203,108.25 245,757,926.43
Total comprehensive income
attributable to owners of parent 237,527,782.93 243,846,874.76
Company
Total comprehensive income
675,325.32 1,911,051.67
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.2061 0.2116
(ii) Diluted earnings per share 0.2061 0.2116
Enterprise combines under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party.
Legal Representative: Hu Xianghai
Person in charge of accounting works: Lu Yuhe
Person in charge of accounting institute: Wen Jieyu
4. Profit Statement of Parent Company
Unit: CNY/RMB
Item Semi-annual of 2022 Semi-annual of 2021
I. Operating income 94,732,571.88 78,409,527.17
Less: Operating cost 235,795.14 235,795.14
Taxes and surcharge 239,797.63 443,112.63
Sales expenses
Administration expenses 35,210,060.97 40,040,419.50
R&D expenses
Financial expenses -249,289.38 893,183.83
Including: Interest
1,215,509.60 1,145,171.80
expenses
Interest
1,385,168.73 285,480.74
income
Add: Other income 216,639.79 169,161.92
Investment income (Loss is
2,279,175.50 567,166.06
listed with “-”)
Including: Investment
income on affiliated Company and
joint venture
The termination of
income recognition for financial
assets measured by amortized cost
(Loss is listed with “-”)
Net exposure hedging
55
深圳市深粮控股股份有限公司 2022 年半年度报告全文
income (Loss is listed with “-”)
Changing income of fair
221,889.46 288,972.32
value (Loss is listed with “-”)
Loss of credit impairment
-220,207.77
(Loss is listed with “-”)
Losses of devaluation of
asset (Loss is listed with “-”)
Income on disposal of
assets (Loss is listed with “-”)
II. Operating profit (Loss is listed
62,013,912.27 37,602,108.60
with “-”)
Add: Non-operating income 5,000.00
Less: Non-operating expense 150,000.00
III. Total Profit (Loss is listed with “-
62,018,912.27 37,452,108.60
”)
Less: Income tax
IV. Net profit (Net loss is listed with
62,018,912.27 37,452,108.60
“-”)
(i) continuous operating net
62,018,912.27 37,452,108.60
profit (net loss listed with ‘-”)
(ii) termination of net profit (net
loss listed with ‘-”)
V. Net after-tax of other
comprehensive income
(i) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that
cannot be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
56
深圳市深粮控股股份有限公司 2022 年半年度报告全文
other debt investment
3.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income 62,018,912.27 37,452,108.60
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
Unit: CNY/RMB
Item Semi-annual of 2022 Semi-annual of 2021
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 4,505,675,220.29 4,872,625,307.71
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from
reinsurance business
Net increase of insured savings
and investment
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Net cash received by agents in
57
深圳市深粮控股股份有限公司 2022 年半年度报告全文
sale and purchase of securities
Write-back of tax received 27,412,268.12 15,314,266.13
Other cash received concerning
969,031,224.09 509,043,498.66
operating activities
Subtotal of cash inflow arising from
5,502,118,712.50 5,396,983,072.50
operating activities
Cash paid for purchasing
commodities and receiving labor 3,881,170,164.56 5,229,031,194.26
service
Net increase of customer loans
and advances
Net increase of deposits in
central bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
Cash paid for interest,
commission charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and
213,374,966.28 158,496,287.47
workers
Taxes paid 117,336,305.52 108,750,086.71
Other cash paid concerning
1,029,863,773.28 591,977,655.39
operating activities
Subtotal of cash outflow arising from
5,241,745,209.64 6,088,255,223.83
operating activities
Net cash flows arising from operating
260,373,502.86 -691,272,151.33
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
485,000,000.00 270,000,000.00
investment
Cash received from investment
2,507,720.69 3,051,423.05
income
Net cash received from disposal
of fixed, intangible and other long- 570.00 17,565.00
term assets
Net cash received from disposal
of subsidiaries and other units
Other cash received concerning
154.49 54,336.41
investing activities
Subtotal of cash inflow from
487,508,445.18 273,123,324.46
investing activities
58
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Cash paid for purchasing fixed,
97,877,199.01 98,438,615.15
intangible and other long-term assets
Cash paid for investment 415,000,000.00 120,006,966.66
Net increase of mortgaged loans
Net cash received from
321,680,000.00
subsidiaries and other units obtained
Other cash paid concerning
928.80 109,602.00
investing activities
Subtotal of cash outflow from
512,878,127.81 540,235,183.81
investing activities
Net cash flows arising from investing
-25,369,682.63 -267,111,859.35
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
4,900,000.00 490,000.00
investment
Including: Cash received from
absorbing minority shareholders’ 4,900,000.00
investment by subsidiaries
Cash received from loans 1,923,171,121.48 2,006,423,247.45
Other cash received concerning
financing activities
Subtotal of cash inflow from
1,928,071,121.48 2,006,913,247.45
financing activities
Cash paid for settling debts 1,817,214,190.96 907,763,968.37
Cash paid for dividend and
314,281,984.10 262,471,931.68
profit distributing or interest paying
Including: Dividend and profit
of minority shareholder paid by
subsidiaries
Other cash paid concerning
9,528,424.77
financing activities
Subtotal of cash outflow from
2,141,024,599.83 1,170,235,900.05
financing activities
Net cash flows arising from financing
-212,953,478.35 836,677,347.40
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 40,259.74 -13,479.55
exchange rate
V. Net increase of cash and cash
22,090,601.62 -121,720,142.83
equivalents
Add: Balance of cash and cash
49,370,080.20 190,494,225.94
equivalents at the period -begin
VI. Balance of cash and cash 71,460,681.82 68,774,083.11
59
深圳市深粮控股股份有限公司 2022 年半年度报告全文
equivalents at the period -end
6. Cash Flow Statement of Parent Company
Unit: CNY/RMB
Item Semi-annual of 2022 Semi-annual of 2021
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 456,611,209.00 826,505.31
services
Write-back of tax received 127,947.08
Other cash received concerning
1,390,207,872.37 664,855,399.05
operating activities
Subtotal of cash inflow arising from
1,846,947,028.45 665,681,904.36
operating activities
Cash paid for purchasing
commodities and receiving labor 45,000,000.00
service
Cash paid to/for staff and
31,404,815.06 25,664,475.70
workers
Taxes paid 2,411,446.34 1,938,500.47
Other cash paid concerning
1,384,817,990.79 337,740,658.17
operating activities
Subtotal of cash outflow arising from
1,418,634,252.19 410,343,634.34
operating activities
Net cash flows arising from operating
428,312,776.26 255,338,270.02
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
255,000,000.00 10,000,000.00
investment
Cash received from investment
1,359,602.96 123,077.77
income
Net cash received from disposal
of fixed, intangible and other long-
term assets
Net cash received from disposal
of subsidiaries and other units
Other cash received concerning
54,336.41
investing activities
Subtotal of cash inflow from
256,359,602.96 10,177,414.18
investing activities
Cash paid for purchasing fixed, 4,135,551.25 4,271,363.11
60
深圳市深粮控股股份有限公司 2022 年半年度报告全文
intangible and other long-term assets
Cash paid for investment 145,000,000.00 20,006,966.66
Net cash received from
321,680,000.00
subsidiaries and other units obtained
Other cash paid concerning
216,912,975.11
investing activities
Subtotal of cash outflow from
366,048,526.36 345,958,329.77
investing activities
Net cash flows arising from investing
-109,688,923.40 -335,780,915.59
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Cash received from loans 342,127,475.10 411,800,462.65
Other cash received concerning
financing activities
Subtotal of cash inflow from
342,127,475.10 411,800,462.65
financing activities
Cash paid for settling debts 370,299,684.12 99,925,561.27
Cash paid for dividend and
289,268,397.83 230,890,398.24
profit distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
659,568,081.95 330,815,959.51
financing activities
Net cash flows arising from financing
-317,440,606.85 80,984,503.14
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -1,697.17
exchange rate
V. Net increase of cash and cash
1,181,548.84 541,857.57
equivalents
Add: Balance of cash and cash
2,264,388.89 5,312,806.71
equivalents at the period -begin
VI. Balance of cash and cash
3,445,937.73 5,854,664.28
equivalents at the period -end
7. Statement of Changes in Owners’ Equity (Consolidated)
Current Amount
Unit: CNY/RMB
Semi-annual of 2022
Item
Owners’ equity attributable to the parent Company Min Tota
61
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Other ority l
equity inter own
Othe
instrument Less ests ers’
r Prov
Per : Reas equit
Sha Capi com Surp ision Reta
pet Inve onab y
re Pre tal preh lus of ined Othe Subt
ual ntor le
cap fer reser ensi reser gene profi r otal
cap Ot y reser
ital red ve ve ve ral t
ital her shar ve
sto inco risk
sec es
ck me
urit
ies
1,1
52, 1,25 405, 1,81 4,63 66,6 4,69
I. The ending
535 9,63 575, 2,54 0,29 14,1 6,90
balance of the
,25 9,65 490. 1,70 2,10 64.3 6,26
previous year
4.0 6.65 42 1.27 2.34 7 6.71
0
Add: Changes
of accounting
policy
Error
correction of
the last period
Enterprise
combine
under the
same control
Other
1,1
II. The 52, 1,25 405, 1,81 4,63 66,6 4,69
beginning 535 9,63 575, 2,54 0,29 14,1 6,90
balance of the ,25 9,65 490. 1,70 2,10 64.3 6,26
current year 4.0 6.65 42 1.27 2.34 7 6.71
0
III. Increase/
- - -
Decrease in
50,6 50,6 5,57 45,0
the period
06,0 06,0 5,32 30,7
(Decrease is
30.5 30.5 5.32 05.2
listed with “-
7 7 5
”)
237, 237, 238,
(i) Total 675,
527, 527, 203,
comprehensiv 325.
782. 782. 108.
e income 32
93 93 25
62
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(ii) Owners’
4,90 4,90
devoted and
0,00 0,00
decreased
0.00 0.00
capital
1.Common
4,90 4,90
shares
0,00 0,00
invested by
0.00 0.00
shareholders
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned into
owners equity
with share-
based
payment
4. Other
- - -
288, 288, 288,
(iii) Profit
133, 133, 133,
distribution
813. 813. 813.
50 50 50
1. Withdrawal
of surplus
reserves
2. Withdrawal
of general
risk
provisions
- - -
3.
288, 288, 288,
Distribution
133, 133, 133,
for owners (or
813. 813. 813.
shareholders)
50 50 50
4. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
63
深圳市深粮控股股份有限公司 2022 年半年度报告全文
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus
reserve
4. Carry-over
retained
earnings from
the defined
benefit plans
5. Carry-over
retained
earnings from
other
comprehensiv
e income
6. Other
(v)
Reasonable
reserve
1. Withdrawal 723, 723, 723,
in the report 692. 692. 692.
period 27 27 27
2. Usage in 723, 723, 723,
the report 692. 692. 692.
period 27 27 27
(vi) Others
1,1
52, 1,25 405, 1,76 4,57 72,1 4,65
VI. Balance at
535 9,63 575, 1,93 9,68 89,4 1,87
the end of the
,25 9,65 490. 5,67 6,07 89.6 5,56
period
4.0 6.65 42 0.70 1.77 9 1.46
0
Amount of the previous period
Unit: CNY/RMB
Item Semi-annual of 2021
64
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Owners’ equity attributable to the parent Company
Other
equity
instrument
Pe Othe
Less
rpe r Prov Total
: Reas Mino
Sha tua Capi com Surp ision Reta owne
Pr Inve onab rity
re l tal preh lus of ined Othe Subt rs’
efe ntor le intere
cap ca reser ensi reser gene profi r otal equit
rre Oth y reser sts
ital pit ve ve ve ral t y
d er shar ve
al inco risk
sto es
sec me
ck
uri
tie
s
1,1
I. The ending 52, 1,42 382, 1,63 4,59 4,795
199,9
balance of 535 2,89 367, 7,53 5,33 ,245,
13,40
the previous ,25 2,72 575. 6,44 1,99 404.0
4.33
year 4.0 9.36 37 1.03 9.76 9
0
Add:
Changes of
accounting
policy
Error
correction of
the last
period
Enterprise
combine
under the
same control
Other
1,1
II. The
52, 1,42 382, 1,63 4,59 4,795
beginning 199,9
535 2,89 367, 7,53 5,33 ,245,
balance of 13,40
,25 2,72 575. 6,44 1,99 404.0
the current 4.33
4.0 9.36 37 1.03 9.76 9
year
0
III. Increase/ - 13,3 - - -
Decrease in 160, 39,8 147, 159,8 307,0
the period 572, 23.9 232, 37,43 70,32
(Decrease is 715. 6 891. 2.71 4.37
65
深圳市深粮控股股份有限公司 2022 年半年度报告全文
listed with “- 62 66
”)
243, 243,
(i) Total 1,911 245,7
846, 846,
comprehensi ,051. 57,92
874. 874.
ve income 67 6.43
76 76
- -
(ii) Owners’ - -
160, 160,
devoted and 161,7 322,3
572, 572,
decreased 48,48 21,20
715. 715.
capital 4.38 0.00
62 62
- -
1.Common - -
160, 160,
shares 161,7 322,3
572, 572,
invested by 48,48 21,20
715. 715.
shareholders 4.38 0.00
62 62
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned into
owners
equity with
share-based
payment
4. Other
- -
-
230, 230,
(iii) Profit 230,5
507, 507,
distribution 07,05
050. 050.
0.80
80 80
1.
Withdrawal
of surplus
reserves
2.
Withdrawal
of general
risk
provisions
3. - - -
Distribution 230, 230, 230,5
66
深圳市深粮控股股份有限公司 2022 年半年度报告全文
for owners 507, 507, 07,05
(or 050. 050. 0.80
shareholders) 80 80
4. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3.
Remedying
loss with
surplus
reserve
4. Carry-over
retained
earnings
from the
defined
benefit plans
5. Carry-over
retained
earnings
from other
comprehensi
ve income
6. Other
(v)
Reasonable
reserve
1.
Withdrawal
in the report
period
67
深圳市深粮控股股份有限公司 2022 年半年度报告全文
2. Usage in
the report
period
(vi) Others
1,1
52, 1,26 382, 1,65 4,44 4,488
VI. Balance 40,07
535 2,32 367, 0,87 8,09 ,175,
at the end of 5,971
,25 0,01 575. 6,26 9,10 079.7
the period .62
4.0 3.74 37 4.99 8.10 2
0
8. Statement of Changes in Owners’ Equity (Parent Company)
Current Amount
Unit: CNY/RMB
Semi-annual of 2022
Other
equity instrument Other
Perp Capita Less: compr Reaso Surplu Retai
Share Total
Item etual l Invent ehensi nable s ned
capit Prefe Other owners’
capit Othe reserv ory ve reserv reserv profi
al rred equity
al r e shares incom e e t
stock
secur e
ities
1,152 295,
I. The ending 3,018, 133,17
,535, 149, 4,598,96
balance of the 106,56 1,062.
254.0 580. 2,465.18
previous year 8.27 28
0 63
Add:
Changes of
accounting
policy
Error
correction of
the last period
Other
II. The 1,152 295,
3,018, 133,17
beginning ,535, 149, 4,598,96
106,56 1,062.
balance of the 254.0 580. 2,465.18
8.27 28
current year 0 63
III. Increase/ -
-
Decrease in 226,
226,114,
the period 114,
901.23
(Decrease is 901.
68
深圳市深粮控股股份有限公司 2022 年半年度报告全文
listed with “-”) 23
62,0
(i) Total
18,9 62,018,9
comprehensive
12.2 12.27
income
7
(ii) Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholders
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned into
owners equity
with share-
based payment
4. Other
-
288, -
(iii) Profit
133, 288,133,
distribution
813. 813.50
50
1. Withdrawal
of surplus
reserves
-
2. Distribution 288, -
for owners (or 133, 288,133,
shareholders) 813. 813.50
50
3. Other
(iv) Carrying
forward
internal
owners’ equity
1. Capital
reserves
69
深圳市深粮控股股份有限公司 2022 年半年度报告全文
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus reserve
4. Carry-over
retained
earnings from
the defined
benefit plans
5. Carry-over
retained
earnings from
other
comprehensive
income
6. Other
(v) Reasonable
reserve
1. Withdrawal
in the report
period
2. Usage in the
report period
(vi) Others
1,152 69,0
VI. Balance at 3,018, 133,17
,535, 34,6 4,372,84
the end of the 106,56 1,062.
254.0 79.4 7,563.95
period 8.27 28
0 0
Amount of the previous period
Unit: CNY/RMB
Semi-annual of 2021
Other Other
Shar equity instrument Capit Less: compr Surpl
Reason Total
Item e Pref Perp al Invent ehensi us Retaine
able Other owners’
capit erre etual Othe reserv ory ve reserv d profit
reserve equity
al d capit r e shares incom e
stoc al e
70
深圳市深粮控股股份有限公司 2022 年半年度报告全文
k secu
ritie
s
1,15
I. The ending 3,018, 109,9 316,78
2,53 4,597,39
balance of the 106,5 63,14 5,396.0
5,25 0,365.51
previous year 68.27 7.23 1
4.00
Add:
Changes of
accounting
policy
Error
correction of
the last
period
Other
II. The 1,15
3,018, 109,9 316,78
beginning 2,53 4,597,39
106,5 63,14 5,396.0
balance of the 5,25 0,365.51
68.27 7.23 1
current year 4.00
III. Increase/
Decrease in -
-
the period 193,05
193,054,
(Decrease is 4,942.2
942.20
listed with “- 0
”)
(i) Total
37,452, 37,452,1
comprehensiv
108.60 08.60
e income
(ii) Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholders
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned into
71
深圳市深粮控股股份有限公司 2022 年半年度报告全文
owners equity
with share-
based
payment
4. Other
-
-
(iii) Profit 230,50
230,507,
distribution 7,050.8
050.80
0
1.
Withdrawal
of surplus
reserves
2.
-
Distribution -
230,50
for owners 230,507,
7,050.8
(or 050.80
0
shareholders)
3. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus
reserve
4. Carry-over
retained
earnings from
the defined
benefit plans
5. Carry-over
72
深圳市深粮控股股份有限公司 2022 年半年度报告全文
retained
earnings from
other
comprehensiv
e income
6. Other
(v)
Reasonable
reserve
1.
Withdrawal
in the report
period
2. Usage in
the report
period
(vi) Others
1,15
VI. Balance 3,018, 109,9 123,73
2,53 4,404,33
at the end of 106,5 63,14 0,453.8
5,25 5,423.31
the period 68.27 7.23 1
4.00
III. Basic information of Company
Shenzhen Cereals Holdings Co., Ltd. (formerly the Shenzhen Shenbao Industrial Co., Ltd., hereinafter referred to
as “Company” or “the Company” ), formerly named Shenzhen Shenbao Canned Food Company, obtained
approval (Document (1991) No.978) from Shenzhen Municipal People’s Government to change to the name as
Shenzhen Shenbao Industrial Co., ltd. on 1 August 1991.Then with the approval (Document (1991)No.126) from
People’s Bank of China, the Company began to list on Shenzhen Stock Exchange. The Company belongs to the
grain, oil, food and beverage industry.
As of 30 June 2022, the cumulative amount of shares issued by the Company was 1,152,535,254 shares with
registered capital of 1,152,535,254.00 yuan. Registered address: Shenzhen, Guangdong Province; HQ of the
Company: 8/F, Tower B, No.4 Building, Software Industry Base, South District, Science & Technology Park,
Xuefu Rd., Yuehai Street, Nanshan District, Shenzhen. Main business of the Company: general operating items:
Purchase and sales of grain and oil, grain & oil reserves; operation and processing of grain & oil products;
production of tea, tea products, tea and natural plant extract, canned foods, beverages and native products
(business license of the production place shall be separately applied for); feed management and processing
(outsourcing); investment, operation and development of grain & oil logistics, feed logistics and tea garden etc.;
sales of feed and tea; warehousing services; food circulation services; modern food supply chain services;
technology development and services of grain & oil, tea, plant products, soft drinks and foods; construction of E-
commerce and information, IT development and supporting services; industrial investment (specific items will be
73
深圳市深粮控股股份有限公司 2022 年半年度报告全文
declared separately); domestic trade; operating the import and export business; engaged in real estate development
and operation on the lands where the right-to-use has been legally acquired; development, operation, leasing and
management of the own property; property management; providing management services to hotels.(items
mentioned above which are involved in approval from national laws, administrative regulations and decision of
the state council, must be submitted for examination and approval before operation ). Licensed business item:
wholesale of prepackaged food (excluding reheating prepackaged food) (in non-physical way); information
service (internet information service only); general freight, professional transportation (refrigeration and fresh-
keeping). Parent enterprise of the Company: Shenzhen Food Materials Group Co., Ltd; actual controller of the
Company: Assets Supervision and Administration Commission of Shenzhen municipal People’s Government.
Change of the consolidate scope in the Period found more in “Note VIII. Change of consolidate scope”
Information with subsidiaries concerned found more in the “Note IX. Equity in other entity”
IV. Basis of preparation of financial statements
1. Basis of preparation
The financial statement are prepared in line with the Accounting Standards for Business Enterprise -Basic
Standard issued by Ministry of Finance and specific accounting principle as well as the application guidance for
the accounting principles for enterprise, interpretation to the accounting principles for enterprise and other related
requirements (hereinafter referred to as Accounting Standards for Business Enterprise), combining the
Information Disclosure Preparation Rules for Company Public Issuing Securities No.15-General Rules for
Financial Report of the CSRC
2. Going concern
The financial statement has been prepared on a going concern basis.
V. Major accounting policy, accounting estimation
Specific accounting policies and estimation attention:
The following disclosures have covered the specific accounting policy and estimation formulated by the Company in accordance
with the actual production and operation characteristics. Found more in Note “15. Inventory ”, “24. Fix assets” and“39. Revenue”
1. Statement for observation of Accounting Standard for Business Enterprise
The financial statements prepared by the Company are in accordance to requirements of Accounting Standard for
Business Enterprise issued by Ministry of Finance, which truly and completely reflect the financial status of the
Company and parent company on 30 June 2022, as well as the consolidate and parent company’s operational
74
深圳市深粮控股股份有限公司 2022 年半年度报告全文
results and cash flow from Jan.-Jun. of 2022.
2. Accounting period
Calendar year is the accounting period for the Company, that is falls to the range starting from 1 January to 31
December.
3. Operating cycle
Operating cycle of the Company was 12 months
4. Standard currency
The Company and its subsidiaries take RMB as the standard currency for bookkeeping.
5. Accounting treatment for business combinations under the same control and those not under the same
control
Business combination under the same control: The assets and liabilities the Company acquired in a business
combination shall be measured in accordance with book value of assets, liabilities (including the ultimate
controlling party of goodwill acquired by the merging parties and the formation of) stated in combined financial
report of the ultimate controlling party on the merger date. The net book value of assets and the payment of the
merger consideration in the merger book value (or nominal value of shares issued) shall be adjusted in the share
premium of reserve capital. the share premium in capital reserve is not enough for deducting, retained earnings .
Business combination not under the same control: Combination cost is the fair value of the assets paid, the
liabilities incurred or assumed by the purchaser for the acquisition of the control of the purchaser and the equity
securities issued on the purchase date. The difference between the fair value and book value is recognized in profit
or loss. Goodwill is realized by the Company as for the difference between the combination cost and the fair value
of the recognizable net assets of the acquiree acquired by acquirer in such business combination. In case that the
above cost is less than the above fair value even with re-review, then the difference shall be recorded in current
gains and losses. Each identifiable assets, liabilities and contingent liability of the acquiree acquired in a
combination that qualifies for recognition is measured at fair value at the date of purchase.
The directed expenses incurred in the business combination are recorded into current gains/losses; the trading fees
for issuing equity securities or debt securities for the business combination shall be recorded into the initial
confirmation amount of equity securities or debt securities.
75
深圳市深粮控股股份有限公司 2022 年半年度报告全文
6. Methods for preparation of consolidated financial statements
1.1 Consolidated scope
The consolidation scope of the consolidated financial statements of the Company is fixed on the basis of control,
which includes the Company and all subsidiaries. Control means that the Company has power over the investee,
enjoys variable returns through its participation in the investee’s related activities, and has the ability to influence
the amount of returns by using the power over the investee.
1.2 Consolidated procedure
The Company regards the entire enterprise group as an accounting entity and prepares consolidated financial
statements in accordance with unified accounting policies to reflect the overall financial status, operating results
and cash flow of the enterprise group. The influence of internal transactions between the company and its
subsidiaries and among the subsidiaries shall be offset. If internal transactions indicate that the relevant assets
have suffered impairment losses, the partial losses shall be confirmed in full. If the accounting policy and
accounting period adopted by the subsidiary are inconsistent with the Company, when preparing the consolidated
financial statements, make necessary adjustments in accordance with the Company's accounting policy and
accounting period.
Subsidiary's equity, current net profits or losses and current comprehensive income belonging to minority
shareholders shall be listed respectively under item of owners’ equity in the consolidated balance sheet, item of
net profit in profit sheet and item of total comprehensive income. Current loss minority shareholders of a
subsidiary exceed the minority shareholders in the subsidiary's opening owners' equity share and the formation of
balance, offset against minority interests.
(1) Increase of subsidiary or business
During the reporting period, the merger of the enterprises under the same control results in additional subsidiaries
or business, the operation results and cash flow of the subsidiaries or business from beginning to the end of the
reporting shall be included in the consolidated profit statement; also adjust the opening figures of the consolidated
financial statements and the related items in the comparative statements, the consolidated reporting body is
considered to have existed since the point when the ultimate controller began to control it.
If additional investment and other reasons can lead investee to be controlled under the same control, equity
investments made before obtaining controlling right, relevant gains and losses and other comprehensive income as
well as other changes in net assets confirmed during the latter date between point obtaining original equity and
combined party and combinee under the same control day to the combined day, shall be offset against the retained
earnings or profit or loss of the comparative reporting period.
During the reporting period, if a subsidiary or business is added due to a business combination not under the same
control, it shall be included in the consolidated financial statements on the basis of the fair value of various
76
深圳市深粮控股股份有限公司 2022 年半年度报告全文
identifiable assets, liabilities and contingent liabilities determined on the purchase date.
Equity held from investee before acquisition date shall be measured at fair value of acquisition date if additional
investment and other reasons can lead investee to be controlled under the same control. Difference between the
fair value and the book value is recognized as investment income. Other comprehensive income and other changes
in owner’s equity under the equity method of accounting that can be reclassified to profit or loss at a later date are
transferred to investment income for the period to which they belong at the date of purchase.
(2) Disposal of subsidiaries
① The general approach
If losing controlling right to investee due to disposal of partial equity, the remaining equity after the disposal shall
be re-measured at fair value at the date when control is lost. Price of equity disposal plus fair value of the
remaining equity, then subtracting net assets held from the former subsidiary from the acquisition date or
combination date initially measured in accordance with original stake and goodwill, the difference shall be
included in investment income of the period losing controlling right. Other comprehensive income and other
changes in owner’s equity under the equity method of accounting related to equity investments in former
subsidiaries that can be reclassified to profit or loss in the future are transferred to investment income in the
current period when control is lost.
② Step disposal of subsidiaries
As multiple transactions over disposal of the subsidiary's equity lead to loss of controlling right, if the terms of the
transaction, situation and economic impact subject to one or above of the following conditions, usually it indicates
repeated transactions should be accounted for as a package deal:
i. These transactions are made considering at the same time or in the case of mutual impact;
ii. These transactions only reach a complete business results when as a whole;
iii. A transaction occurs depending on the occurrence of at least one other transaction;
iv. Single transaction is not economical, but considered together with other transactions it is economical.
If each transaction is a package transaction, each transaction is accounted for as a disposal of a subsidiary and loss
of control; before the loss of control the difference between the disposal price and the corresponding net assets of
the subsidiary, recognized as other comprehensive income in the consolidated financial statements, into current
profit and loss at current period when losing controlling right.
If each transactions doesn’t form a package deal, equity held from subsidiary shall be accounted in accordance
with relevant rules before losing controlling right, while in accordance with general accounting treatment when
losing controlling right.
(3) Purchase of a minority stake in the subsidiary
Long-term equity investment of the Company for the purchase of minority interests in accordance with the newly
acquired stake in the new calculation shall be entitled to the difference between the net assets from the acquisition
77
深圳市深粮控股股份有限公司 2022 年半年度报告全文
date (or combination date) initially measured between the consolidated balance sheet adjustment capital balance
of the share premium in the capital reserve share premium insufficient, any excess is adjusted to retained earnings.
(4) Disposal of equity in subsidiary without losing control
Disposal price and disposal of long-term equity investment due to partial disposal of subsidiaries and long-term
equity investment made between the relative net assets from the purchase date or the date of merger were initially
measured at the difference between the subsidiary shall enjoy, the consolidated balance sheet adjustment in the
balance of the share premium, capital balance of the share premium insufficient, any excess is adjusted to retained
earnings.
7. Classification of joint venture arrangement and accounting for joint operations
The joint venture arrangement are divided into joint operations and joint ventures.
The joint operation, a joint venture arrangement in which the joint ventures enjoys the assets and bear the
liabilities associated with the arrangement.
The Company recognized the following items related to its shares of interest in the joint operation:
(1) Recognition of the assets held separately by the Company, and recognition of the jointly held assets based on
the share of the Company;
(2) Recognition of the liabilities borne by the Company individually and liabilities borne jointly in proportion to
the shares;
(3)Recognition of revenue from the sales of the shares of common operating output;
(4) Recognition of the revenue from joint operation arising from the sale of the output at the shares;
(5) Recognition of the separately incurred costs and recognition ot the expenses incurred in joint operations based
on the shares;
Investment in joint venture is accounted for using the equity method, found more in “V(22) Long-term equity
investment”
8. Recognition standards for cash and cash equivalents
Cash refers to the cash on hand and cash equivalents of deposits that can be used for payment at any time. Cash
equivalent refers to the investment held by the Company with short maturity and strong liquidity that are easy to
be converted into known amounts with little risk of change in cash value.
9. Foreign currency business and conversion of foreign currency statement
1.1 Foreign currency business
The foreign currency business uses the spot exchange rate on the transaction date as the conversion rate to convert
the foreign currency amount into RMB.
The balance of foreign currency monetary items on the balance sheet date is converted at the spot exchange rate
on the balance sheet date. The resulting exchange differences, except that the balance of exchange generated from
78
深圳市深粮控股股份有限公司 2022 年半年度报告全文
the foreign currency special borrowings related to the assets whose acquisition and construction are eligible for
capitalization is disposed in accordance with the principle of borrowing costs capitalization, are included in the
current profit and loss.
1.2 Conversion of foreign currency financial statements
Assets and liabilities in the balance sheet are converted at the spot exchange rate on the balance sheet date; except
for the “undistributed profit” item, other items of the owner's equity items are converted at the spot exchange rate
at the time of occurrence. Income and expense items in the income statement are converted at the spot exchange
rate on the transaction date.
When disposing an overseas operation, the translation difference of the foreign currency financial statements
related to the overseas operation is transferred from the owner's equity items to the disposal of the current profit
and loss.
10. Financial instruments
The Company recognizes a financial assets, financial liabilities or equity instrument when it becomes a party to a
financial instrument contract.
1.1 Categories of financial instruments
According to the business model of managing financial assets and the contractual cash flow characteristics of
financial assets, at initial recognition, the Company classifies the financial assets into the financial assets
measured at amortized cost, the financial assets(debt instrument) measured at fair value and whose changes are
included in other comprehensive income, and the financial assets measured at fair value and whose changes are
included in current gain or loss.
The Company classifies the financial assets that meet the following conditions and are not designated to be
measured at fair value and whose changes are recorded into the current gain/losses as financial assets measured at
amortized cost:
－ the business mode is aimed at collecting contractual cash flows；
－ contractual cash flows represent only payments of principal and interest based on the outstanding principal
amount.
The Company classifies the financial assets (debt instruments) that meet the following conditions and are not
specified as measured at fair value and whose changes are recorded into the current gain/losses as financial assets
(debt instruments) measured at fair value and whose changes are recorded into other comprehensive income:
－ the business model is aimed at both the collection of contractual cash flows and the sales of the financial
assets;
－ contractual cash flows represent only payments of principal and interest based on the outstanding principal
79
深圳市深粮控股股份有限公司 2022 年半年度报告全文
amount.
For non-trading equity instrument investment, the Company determines whether it is designated as a financial
asset (equity instrument) measured at fair value and whose changes are included in other comprehensive income
at the initial recognition. The designation is made on a single investment basis and the related investment meet the
definition of an equity instrument from an issuer’s perspective.
Except for the above-mentioned financial assets measured at amortized cost and at fair value with changes
included in other comprehensive income, the Company classifies all other financial assets as financial assets
measured at fair value and with changes included in current profits and losses. At the time of initial recognition, if
accounting mismatches can be eliminated or significantly reduced, the Company can irrevocably designate the
financial assets that should be classified as financial assets measured at amortized cost or measured at fair value
and whose changes are included in other comprehensive income as the financial assets measured at fair value and
whose changes are included in the current profit and loss.
In the initial recognition, financial liabilities are classified as the financial liabilities measured at fair value and
whose changes are included in current profit and loss and the financial liabilities measured at amortized cost.
Financial liabilities that meet one of the following conditions can be designated as financial liabilities measured at
fair value and whose changes are included in current profit and loss in the initial measurement:
1) The designation can eliminate or significantly reduce accounting mismatches.
2) According to the enterprise risk management or investment strategy specified in the official written document,
manage and make performance evaluation of the financial liability portfolio or financial assets and financial
liability portfolio based on fair value, and report to the key management personnel based on this.
3) The financial liability includes embedded derivatives that need to be separately split.
1.2 Recognition and measurement for financial instrument
(1) Financial assets measured at amortized cost
Financial assets measured at amortized cost include notes receivable, accounts receivable, other receivables, long-
term receivables, and debt investment, which are initially measured at fair value, and related transaction costs are
included in the initial recognition amount. The accounts receivable not including major financing components and
the accounts receivable that the Company decides not to consider the financing component of not more than one
year are initially measured at the contract transaction price.
Interest calculated by the effective interest method during the holding period is included in the current profit and
loss.
When recovering or disposing, the difference between the price obtained and the book value of the financial asset
80
深圳市深粮控股股份有限公司 2022 年半年度报告全文
is included in the current profit and loss.
(2) Financial assets (debt instruments) measured at fair value and whose changes are included in other
comprehensive income
Financial assets (debt instruments) measured at fair value and whose changes are included in other comprehensive
income, including receivables financing, other debt investment, etc., are initially measured at fair value, and
related transaction expenses are included in the initial recognition amount. The financial assets are subsequently
measured at fair value, the changes in fair value are included in other comprehensive income except for interest,
impairment losses or gains and exchange gains and losses calculated by using the effective interest method.
When a financial asset is terminated for recognition, the accumulated gain or loss previously included in other
comprehensive income is transferred from other comprehensive income and included in current profit and loss.
(3) Financial assets (equity instruments) measured at fair value and whose changes are included in other
comprehensive income
Financial assets (equity instruments) measured at fair value and whose changes are included in other
comprehensive income, including other equity instruments, etc., are initially measured at fair value, and related
transaction expenses are included in the initially recognized amount. The financial assets are subsequently
measured at fair value, and changes in fair value are included in other comprehensive income. The dividends
obtained are included in the current profits and losses.
When a financial asset is terminated for recognition, the accumulated gain or loss previously included in other
comprehensive income is transferred from other comprehensive income and included in retained earnings.
(4) Financial assets measured at fair value and whose changes are included in current profit and loss
Financial assets measured at fair value and whose changes are included in current profit and loss, including
Tradable financial assets, derivative financial assets and other non-current financial assets, etc., are initially
measured at fair value, and related transaction expenses are included in the initial recognition amount. The
financial assets are subsequently measured at fair value, and changes in fair value are recognized in current profit
and loss.
(5) Financial liabilities measured at fair value and whose changes are included in current profit and loss
Financial liabilities measured at fair value and whose changes are included in current profit and loss, including
transaction financial liabilities, derivative financial liabilities, etc., are initially measured at fair value, and related
transaction expenses are included in current profit and loss. The financial liabilities are subsequently measured at
fair value, and changes in fair value are included in current profit and loss.
When a financial liability is terminate for recognition, the difference between book value and the consideration
81
深圳市深粮控股股份有限公司 2022 年半年度报告全文
paid shall be recorded into the current profit and loss.
(6) Financial liabilities measured at amortized cost
Financial liabilities measured at amortized cost, including short-term borrowings, bills payable, accounts payable,
other payable, long-term borrowings, bonds payable, and long-term payable, are initially measured at fair value,
and related transaction expenses are included in the initial recognition amount.
Interest calculated by the effective interest method during the holding period is included in the current profit and
loss.
When a financial liability is terminate for recognition, the difference between the consideration paid and the book
value of the financial liability is included in current profit and loss.
1.3 Termination of recognition and transfer of financial assets
If one of the following conditions is satisfied, the Company shall terminate the recognition of financial assets:
－ the contractual rights to receive cash flows from financial assets terminates;
－ the financial asset has been transferred and virtually all the risks and rewards of the ownership of the financial
asset have been transferred to the transferee;
－ the financial assets have been transferred. Although the company has neither transferred nor retained nearly all
the risks and rewards of ownership of the financial assets, it has not retained control of the financial assets
When transfer of financial assets occurs, if substantially all the risks and rewards of ownership of the financial
asset are retained, the recognition of the financial asset shall not be terminated.
When judging whether or not the aforesaid terminal recognition condition for financial assets is arrived at for
transfer of financial assets, the Company generally adopts the principle that substance over weighs format.
The Company divides such transfer into entire transfer and part transfer. As for the entire transfer meeting
condition for discontinued recognition, balance between the following two items is recorded in current gains and
losses:
1) Carrying value of financial assets in transfer;
2) Aggregate of the consideration received from transfer and accumulative movements of fair value originally
recorded in owners’ equity directly (applicable for the financial assets (debt instrument) measured at fair value
and whose changes are recorded into other comprehensive income)
82
深圳市深粮控股股份有限公司 2022 年半年度报告全文
As for the part transfer meeting condition for discontinued recognition, entire carrying value of financial assets in
transfer is shared by discontinued recognition part and continued recognition part, in light of their respective fair
value. Balance between the following two items is recorded in current gains and losses:
1)Carrying value of discontinued recognition part;
2) Aggregate of the consideration of discontinued recognition part and amount of such part attributable to
accumulative movements of fair value originally recorded in owners’ equity directly (applicable when financial
assets involved in transfer belong to financial assets (debt instrument) measured at fair value and whose changes
are included in other comprehensive income).
Financial assets are still subject to recognition if transfer of such assets doesn’t satisfy the condition for
discontinued recognition. And consideration received is recognized as financial liability.
1.4 Terminating the recognition of financial liability
As for the financial liabilities with its whole or part present obligations released, the company shall terminate the
recognition for such financial liabilities or part of it. if the company enters into agreement with its creditor to
substitute for the existing financial liabilities by means of assuming new financial liabilities, then the company
shall terminate the recognition for the existing financial liabilities and recognized the new financial liabilities
provided that the contract clauses of the new and the existing financial liabilities are different in substance.
If the company makes substantial amendment to the whole or part contract clauses of the existing financial
liabilities, it shall terminate the recognition for the existing financial liabilities or part of it. Meanwhile, the
financial liabilities with amendment to its clauses shall be realized as new financial liabilities.
In case of terminate the recognition of financial liabilities in whole or part, the difference between the carrying
value of such financial liabilities and consideration paid (including the non-cash assets exchanged or new
financial liabilities assumed) shall be recorded in current gains and losses.
In case that the company repurchases part of financial liabilities, based on the comparative fair value of the
continuing recognition part and the derecognizing part, the company shall allocate the carrying value of the
financial liabilities in whole on the repurchase date. Difference between the carrying value allocated to the
derecognizing part and the consideration paid (including the non-cash assets exchanged or new financial liabilities
assumed) shall be recorded in current gains and losses.
1.5 Recognition method for fair value of financial assets and financial liabilities
As for the financial instrument with an active market, the fair value is determined by the offer of the active market;
there is no active market for a financial instrument, the valuation techniques to determine its fair value. At the
time of valuation, the Company adopted applicable in the present case and there is enough available data and
other information technology to support valuation, assets or liabilities of feature selection and market participants
83
深圳市深粮控股股份有限公司 2022 年半年度报告全文
in the trading of the underlying asset or liability considered consistent input value and priority as the relevant
observable inputs. Where relevant observable inputs can not get or do not get as far as practicable, the use of un-
observable inputs.
1.6 Testing of the financial assets impairment and accounting treatment
The Company estimates the expected credit losses of financial assets measured at amortized cost, financial assets
(debt instruments) measured at fair value and whose changes are included in other comprehensive income, and
financial guarantee contracts in a single or combined way.
The Company considers reasonable and well-founded information about past events, current conditions, and
forecasts of future economic conditions, and uses the risk of default as the weight to calculate the probability-
weighted amount of the present value of the difference between the cash flow receivable from the contract and the
cash flow expected to be received to confirm the expected credit loss.
If the credit risk of the financial instrument has increased significantly since the initial recognition, the Company
measures its loss provision based on the amount equivalent to the expected credit losses for the entire duration of
the financial instrument; if the credit risk of the financial instrument has not increased significantly since the
initial recognition, the Company measures its loss provision based on the amount equivalent to the expected credit
losses of the financial instrument in the next 12 months. The increase or reversal amount of the resulting loss
provision is included in the current profit and loss as an impairment loss or gain.
The Company compares the risk of default on the balance sheet date of financial instruments with the risk of
default on the date of initial recognition to determine the relative change in the risk of default during the expected
life of the financial instrument so as to assess whether the credit risk of the financial instrument has increased
significantly since the initial recognition. Usually, if it s overdue for more than 30 days, the Company shall
believe that the credit risk of the financial instrument has increased significantly, unless there is conclusive
evidence that the credit risk of the financial instrument has not increased significantly since the initial recognition.
If the financial instrument's credit risk at the balance sheet date is low, the Company shall believe that the credit
risk of the financial instrument has not increased significantly since the initial recognition.
If there is objective evidence that a financial asset has suffered credit impairment, the Company shall make
provision for impairment of the financial asset on a single basis.
Regarding the accounts receivable and contract assets formed from transactions regulated by the "Accounting
Standards for Business Enterprises No. 14-Revenue" (2017), regardless of whether it contains a significant
financing component, the Company always measure its loss reserves at the amount equivalent to the expected
credit loss during the entire duration.
84
深圳市深粮控股股份有限公司 2022 年半年度报告全文
For lease receivables, the Company always chooses to measure its loss reserves at an amount equivalent to
expected credit losses during the entire duration.
If the Company no longer reasonably expects whether the contractual cash flow of a financial asset can be
recovered in whole or in part, it will directly write down the book balance of the financial asset.
11. Note receivable
12. Account receivable
13. Receivable financing
14. Other account receivable
Determining method and accounting treatment on the expected credit loss of other account receivable
15. Inventory
1.1 Classification and costs of inventory
Inventory includes raw materials, revolving material, goods in process, goods in transit and work in process-
outsourced and so on.
Inventory is initially measured at cost, which includes the costs of purchase, processing costs and other
expenditures incurred in bringing the inventories to their present location and condition.
1.2 Valuation methods for delivery of inventory
The weighted average or individual valuation method is used when the inventory is issued according to the nature
of the business.
1.3 Recognition standards of the net realizable value for inventory
On the balance sheet date, inventories shall be measured at the lower of cost and net realizable value. When the
cost of inventories is higher than its net realizable value, make provisions for inventory write-down. The net
realizable value refers to the amount of the estimated selling price of the inventory minus the estimated cost,
estimated selling expenses and related taxes and fees at the time of completion in daily activities.
The net realizable value of inventory products and materials for sale, in normal business production, is
measured as the residual value after deducting the estimated sales expense and related taxes and fees from
the estimated selling price; the net realizable value of an item of inventories subject to further processing,
in normal business production, is measured as the residual value after deducting the sum of the estimated
85
深圳市深粮控股股份有限公司 2022 年半年度报告全文
costs of completion, sales expense and related taxes and fees from the estimated selling price of the for-
sale item. The net realizable value of the quantity of inventories held to satisfy firm sales or service
contracts is based on the contract price. If the sales contracts are for less than the inventory quantities held,
the net realizable value of the excess is based on general selling prices.
After making provisions for inventory write-down, if the factors that previously affected the write-down of the
inventory value have disappeared, causing the net realizable value of the inventory to be higher than its book
value, it shall be reversed within the amount of the inventory write-down that has been withdrawn, and the
reversed amount is included in the current profit and loss.
1.4 Inventory system
Inventory system is the perpetual inventory system.
1.5 Amortization of low-value consumables and packaging materials
(1) Low-value consumables adopts the method of primary resale;
(2) Wrappage adopts the method of primary resale.
16. Contract asset
1.1Methods and criteria for recognition of a contract asset
The Company lists contract assets or contract liabilities in the balance sheet based on the relationship between
performance obligations and customer payments. The Company lists the right (and the right depends on other
factors other than the passage of time) to receive consideration for the transfer of goods or services to customers
as contract assets. Contract assets and contract liabilities under the same contract are presented in net amount. The
Company's unconditional (only depending on the passage of time) right to collect consideration from customers
are separately listed as receivables.
1.2Determination method and accounting treatment method of expected credit loss of contract assets
Found more in the (10).6 Testing of the financial assets impairment and accounting treatment carried under
Note V
86
深圳市深粮控股股份有限公司 2022 年半年度报告全文
17. Contract cost
18. Assets held for sale
19. Creditors’ investment
20. Other creditors’ investment
21. Long-term account receivable
22. Long-term equity investment
1.1Criteria for judgment of the common control and significant influence
Common control refers to the control that is common to an arrangement in accordance with the relevant
agreement, and the relevant activities of the arrangement must be agreed upon by the participants sharing the
control rights before making a decision. Where the Company and other joint venture parties jointly control the
invested entity and have rights to the net assets of the invested entity, the invested entity is the joint venture of the
Company.
Significant influence refers to the right to participate in making decisions relating to the financial and operational
policies of an enterprise, while not able to control or jointly control (with others) establishment of these policies.
If the Company has significant influence on the invested enterprises, than such invested enterprises shall be the
joint venture of the Company.
1.2Determination of initial investment cost
(1) Long-term equity investment formed by business combination
For a long-term equity investment in a subsidiary formed by a business combination under the same control, the
initial investment cost of the long-term equity investment is based on the share of the book value of the owner’s
equity of the combined party obtained in the consolidated financial statements of the ultimate controlling party on
the combining date. The difference between the initial investment cost of long-term equity investment and the
book value of the consideration paid shall be used to adjust the equity premium in the capital reserve; when the
equity premium in the capital reserve is insufficient to offset, adjust the retained earnings. If it is possible to
exercise control over an investee under the same control due to additional investment, etc., adjust the equity
premium based on the difference between the initial investment cost of the long-term equity investment confirmed
in accordance with the above principles and the book value of the long-term equity investment before the
combination plus the sum of the book value of the new valuable consideration for the shares obtained on the
combining date, if the equity premium is not enough to offset, offset the retained earnings.
For long-term equity investment in a subsidiaries formed by business combination not under the same control, the
initial investment cost is based on the cost of the combination determined at the date of purchase. If it is possible
87
深圳市深粮控股股份有限公司 2022 年半年度报告全文
to exercise control over an investee not under the same control due to additional investment, the sum of book
value of the equity investment originally held plus the cost of the additional investment is used as the initial
investment cost.
(2) Long-term equity investment required by means other than business combination
For long-term equity investments obtained through payment with cash, then the actual payment shall be viewed as
initial investment cost.
For long-term equity investments obtained through issuance of equity securities, then the fair value of such
securities shall be viewed as initial investment cost
1.3Subsequent measurement and recognition of gains and losses
(1) Long-term equity investment measured by cost
The long-term equity investment for subsidiary shall be measured by cost, unless the investment qualities as held
for sale. Other than payment actually paid for obtaining investment or cash dividend or profit included in
consideration which has been declared while not granted yet, the Company recognizes investment income
according to its share in the cash dividend or profit declared for grant by the invested unit.
(2) Long-term equity investment measured by equity
The Company calculates long term equity investment in associates and joint ventures under equity method. Where
the initial investment cost of a long-term equity investment exceeds the Group’s share of the fair value of the
investee’s identifiable net assets at the time of acquisition, no adjustment is made to the initial investment cost.
Where the initial investment cost is less than the Group’s share of the fair value of the investee’s identifiable net
assets at the time of acquisition, the difference is recognized in profit or loss for the period. And adjusted the costs
of long-term equity investment at the same time.
Return on investments and other comprehensive income is recognized respectively by shares of net gains and
losses realized by the invested company and other comprehensive income, and book value of such investment is
adjusted accordingly. Profit or cash dividends pro rata distributed by the invested company are to minus book
value of the relative long-term investment. Book value of long-term investment is adjusted when changes occur
other than net gains and losses, other comprehensive income and profit distribution of the invested company
(abbreviated as other changes of owners’ equity), and is to report in owners’ equity accordingly.
When confirming the share of the net profit and loss, other comprehensive income and other owner’s equity
changes that should be enjoyed by the investee, adjust the net profit and other comprehensive income of the
investee based on the fair value of the investee’s identifiable net assets at the time when the investment is obtained
and in accordance with the company’s accounting policies and accounting period before confirmation.
88
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The un-realized transaction gains/losses attributable to investment enterprise, internally occurred between the
Company, affiliated units and joint-ventures should calculated by proportion of shares-holding which should be
offset, than recognized investment gains/losses(except where the assets invested or sold constitute a business). If
the unrealized internal transaction losses with the investee are assets impairment losses, they will be fully
recognized.
In addition to assuming obligations for additional losses, the company’s net losses to joint ventures or associates
are limited to the book value of long-term equity investments and other long-term equity that actually constitutes
net investment in joint ventures or associates write down to zero. If a joint venture or an associated enterprise
realizes net profits in the future, the company resumes recognizing its share of profits after the share of profits
makes up for the share of unrecognized losses.
(3) Disposal of long-term equity investment
Difference between carrying value and actual acquisition price in respect of disposal of long term equity
investment shall be included in current period gains and losses.
Long-term equity investment accounted for by equity method
For long-term equity investments accounted for by partial disposition equity method, the remaining equity is still
accounted for by the equity method, the other comprehensive income recognized by the original equity method
shall be carried forward in a corresponding proportion on the same basis as the direct disposal of related assets or
liabilities by the investee, other changes in owner's equity are carried forward to the current profit and loss on a
pro rata basis.
If the joint control or significant influence on the investee is lost due to the disposal of equity investment, for the
other comprehensive income recognized by the original equity investment due to the adoption of the equity
method, use the same basis as the investee to directly dispose of related assets or liabilities for accounting
treatment when terminating the adoption of the equity method, the same basis as the direct disposal of related
assets or liabilities by the investee is used for accounting treatment, all other changes in owner's equity are
transferred to the current profit and loss when terminating the adoption of the equity method.
If the control of the investee is lost due to the disposal of part of the equity investment, and the remaining equity
can exercise joint control or exert significant influence on the investee when preparing individual financial
statements, the equity method shall be used for accounting and the remaining equity shall be deemed to be
accounted for by the equity method for adjustment since the acquisition, and the other comprehensive income
recognized before obtaining the control of the investee is carried forward on the same basis as the direct disposal
of related assets or liabilities by the investee in proportion, changes in other owners’ equity confirmed by the
equity method are carried forward to the current profit and loss on a pro rata basis; if the remaining equity cannot
89
深圳市深粮控股股份有限公司 2022 年半年度报告全文
exercise joint control or exert significant influence on the investee, it shall be recognized as a financial asset, and
the difference between its fair value and book value on the day when the control is lost is included in the current
profit and loss, and all other comprehensive income and other owner's equity changes recognized before obtaining
the control of the investee are carried forward.
If the equity investment in a subsidiary is disposed of through multiple transactions until it loses control, and it is
a package transaction, each transaction shall be accounted for as a transaction that disposes of the equity
investment of the subsidiary and loses control. The difference between the cost of each disposal before the loss of
control and the book value of the long-term equity investment corresponding to the equity being disposed of is
first recognized as other comprehensive income in individual financial statements, and then transferred to the
current profit and loss of the loss of control when the control is lost. If it is not a package transaction, each
transaction shall be accounted for separately.
23. Investment real estate
Measurement
Measured by cost
Depreciation or amortization method
Investment real estate is defined as the real estate with the purpose to earn rent or capital appreciation or both,
including the rented land use rights and the land use rights which are held and prepared for transfer after
appreciation, the rented buildings (including the buildings for rent after completion of self-construction or
development activities and the buildings under construction or development for future lease).
Subsequent expenditures related to investment real estate are included in the cost of investment real estate when it
is probable that the related economic benefits will flow and the cost can be measured; otherwise, charged to
current gain/loss as incurred.
Current investment real estate of the Company are measured by cost. As for the investment real estate-rental
building measured by cost, the depreciation policy is same as the fixed assets of the Company, the land use right
for rental has the same amortization policy as intangible assets.
24. Fix assets
(1) Recognition
Fixed assets is defined as the tangible assets which are held for the purpose of producing goods, providing
services, lease or for operation & management, and have more than one year of service life. Fixed assets should be
recognized for qualified the followed conditions at the same time:
① It is probable that the economic benefits associated with the assets will flow into the Company;
② The cost of the assets can be measured reliably.
90
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Fixed assets are initially measured at cost (and considering the impact of expected abandonment cost factors).
Subsequent expenditures related to fixed assets are included in the cost of fixed assets when the related economic
benefits are likely to flow in and their costs can be reliably measured; the book value of the replaced part is
derecognized; all other subsequent expenditures are included in the current profit and loss when incurred.
(2)Depreciation methods
Years of Yearly depreciation
Category Method Scrap value rate
depreciation rate
House and buildings
Production buildings Straight-line depreciation 20-35 5.00 2.71-4.75
Non-production
Straight-line depreciation 20-40 5.00 2.38-4.75
buildings
Temporary dormitory
Straight-line depreciation 5-15 5.00 6.33-19.00
and simple room etc.
Gas storage bin Straight-line depreciation 20 5.00 4.75
Silo Straight-line depreciation 50 5.00 1.90
Wharf and supporting
Straight-line depreciation 50 5.00 1.90
facilities
Machinery equipment
Other machinery
Straight-line depreciation 10-20 5.00 4.75-9.50
equipment
Warehouse
transmission Straight-line depreciation 20 5.00 4.75
equipment
Transport equipment Straight-line depreciation 3-10 5.00 9.50-31.67
Electronic equipment
Straight-line depreciation 2-10 5.00 9.50-47.50
and others
Estimated the net salvage rate to determine the depreciation rate. For fixed assets with provision for impairment, the amount of
depreciation shall be determined in future periods according to the book value after deducting the provision for impairment and based
on the usable life. If each component of the fixed assets has different service lives or provides economic benefits to the enterprise in
different ways, select different depreciation rates or depreciation methods, and the depreciation is accrued separately.
(3) Recognition, measurement and depreciation of fixed assets held under finance lease
25. Construction in process
Construction in process is measured at the actual cost incurred. The actual cost includes construction cost,
installation cost, borrowing costs that meet the capitalization conditions, and other necessary expenditures
incurred before the construction in progress reaches its intended usable state. When the construction in process
reaches the intended usable state, it will be transferred to fixed assets and depreciation will be accrued from the
91
深圳市深粮控股股份有限公司 2022 年半年度报告全文
next month.
26. Borrowing expenses
1.1 Recognition of the borrowing expenses capitalization
Borrowing expenses that attributed for purchasing or construction of assets that are complying start to be
capitalized and counted as relevant assets cost; other borrowing expenses, reckoned into current gains and
losses after expenses recognized while occurred.
Assets satisfying the conditions of capitalization are those assets of fixed, investment real estate etc. which need a
long period of time to purchase, construct, or manufacturing before becoming usable.
1.2 Period of capitalization
Capitalizing period was from the time star capitalizing until the time of suspended capitalization. The
period for borrowing expenses suspended excluded in the period.
Capitalizing for borrowing expenses by satisfying the followed at same time:
(1) Assets expense occurred, and paid as expenses in way of cash, non-cash assets transfer or debt with
interest taken for purchasing, constructing or manufacturing assets that complying with capitalizing
condition;
(2) Borrowing expenses have occurred;
(3) Necessary activities occurred for reaching predicted usable statues or sale-able status for assets
purchased, constructed or manufactured.
If purchasing, construction, or manufacturing process of an asset satisfying the conditions of capitalization
reached its predicted usable status or sale-able status, capitalization suspended for borrowing expenses.
1.3 Period of suspended
If purchasing, construction, or manufacturing process of an asset satisfying the conditions of capitalization is
suspended abnormally for over 3 months, capitalizing of borrowing expenses shall be suspended; the suspended
assets that satisfying the conditions of capitalization meets the necessary procedure of reaching predicted usable
status or for-sale status, capitalizing of borrowing expenses shall be resumed. The borrowing expenses occurred
during the period of suspended shall reckon into current gains and losses until the purchasing, construction, or
manufacturing process is resumed for capitalizing.
1.4 Capitalization rate of the borrowing costs, measurement of the capitalized amount
As for the special loans borrowed for the purchase, construction or production of assets eligible for capitalization,
the borrowing costs are capitalized by deducting the actual borrowing costs incurred in current period of special
92
深圳市深粮控股股份有限公司 2022 年半年度报告全文
borrowing, the interest income earned by borrowing funds that have not ye been used, deposited in the bank or the
investment income obtained from the temporary investment.
For the general borrowings used for the acquisition, construction or production of assets eligible for capitalization,
the amount of borrowing costs that should be capitalized for general borrowings is calculated and determined
according to the weighted average of the asset expenditures of accumulated asset expenditures over the special
borrowings multiplying by the capitalization rate of the occupied general borrowings. The capitalization rate is
determined based on the weighted average interest rate of general borrowings.
During the capitalization period, the exchange difference of the principal and interest of the specialized foreign
currency borrowing is capitalized and included in the cost of the assets that meet the capitalization conditions.
Exchange differences arising from the principal and interest of foreign currency borrowings other than specialized
foreign currency borrowing are included in the current profits and losses.
27. Biological assets
(1) The Company's biological assets are productive biological assets, which are classified into productive
biological assets, consumptive biological assets and biological assets for commonweal according to the purpose of
holding and the way in which economic benefits are realized.
(2) Biological assets are initially measured at cost.
(3) The necessary expenditures incurred by productive biological assets before reaching the intended production
and operation purposes constitute the cost of the productive biological assets. Subsequent expenditures incurred
after achieving the intended production purposes shall be included in the current profit and loss.
(4) The necessary expenditures for consumptive biological assets before closure constitute the cost of
consumptive biological assets, and subsequent expenditures incurred after closure are included in the current
profit and loss. The consumptive biological assets are carried at cost when harvested using the proportional
method of accumulation.
(5) The Company’s biological assets are mainly tea trees. The company’s productive biological assets that achieve
the intended production and operation purposes are depreciated according to the average service life method, and
the service life is determined as the remaining period of land use after deducting the immature tea tree period (5
years), the residual value rate is 5%. At the end of each year, the company reviews the service life, expected net
residual value and depreciation methods. If the service life and expected net output value are different from the
original estimate, or there is a significant change in the realization of economic benefits, it will be used as an
accounting estimate change to adjust the service life or estimated net output value or change the depreciation
method.
93
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(6)Biological assets for commonweal refer to biological assets whose main purpose is protection and
environmental protection, including wind-breaking and sand-fixing forests, soil and water conservation forests,
and water conservation forests.
The cost of self-constructed biological assets for commonweal shall be determined in accordance with the
necessary expenditures such as cost of planting, tending fees, forest protection fees, forest culture and
management facility fees, improved seed experiment fees, survey design fees, and indirect costs that should be
apportioned before the closure, including borrowing costs that meet the conditions for capitalization.
Biological assets for commonweal are subsequently measured at cost. There is no need to withdraw the asset
impairment reserve for biological assets for commonweal.
(7)The balance of the disposal consideration from the sale, inventory loss, death or damage of biological assets
after deducting the book value and relevant taxes shall be included in the current profit and loss.
28. Oil and gas assets
29. Right-of-use assets
30. Intangible assets
(1) Measurement, use of life and impairment testing
1.1 Measurement
(1)Initial measurement is made at cost when the Company acquires intangible assets;
For those intangible assets purchased from outside, the purchase value, relevant taxes and other payments
attributable to predicted purpose obtained should recognized as cost for this assets.
(2)Subsequent measurement
Analyzing and judging the service life of an intangible asset when they are acquired.
Those intangible assets with limited useful life are evenly amortized on straight basis from the date when they
become usable to the end of expected useful life;Intangible assets for which it is impossible to predict the term
during which the assets can bring in economic benefits are viewed as intangible assets with indefinite life
without amortization.
1.2 Estimation of the service life of intangible assets with limited service life
Amortization
Item Predicted useful life
method Basis
Amortized the actual rest of life after certificate of Straight-line Certificate of land use
Land use right
land use right obtained method right
Forest tree use Service life arranged Straight-line Protocol agreement
94
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Amortization
Item Predicted useful life
method Basis
right method
Trademark use Straight-line Actual situation of the
10-year
right method Company
Shop management Straight-line Protocol agreement
Service life arranged
right method
Straight-line Protocol agreement
Software use right 5-8 years
method
Straight-line Actual situation of the
Patents and others 20-year
method Company
1.3 Judgment basis on intangible assets with uncertain service life and review procedures for the service life
Intangible assets for which it is impossible to predict the term during which the assets can bring in economic
benefits are viewed as intangible assets with indefinite life. Intangible assets with indefinite life are not
amortized during the holding period, and useful life is re-reviewed at the end of each accounting period. In
case that it is still determined as indefinite after such re-review, then impairment test will be conducted
continuously in every accounting period.
(2)Accounting policy of the internal R&D expenditure
31. Impairment of long term assets
The long-term assets as long-term equity investments, investment real estate measured at cost, fixed assets,
construction in progress, right-of-use assets, intangible assets with certain service life and oil & gas assets are
tested for impairment if there is any indication that an asset may be impaired at the balance date. If the result of
the impairment test indicates that the recoverable amount of the asset is less than its carrying amount, a provision
for impairment and an impairment loss are recognized for the amount by which the asset’s carrying amount
exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and
the present value of the future cash flows expected to be derived from the asset. Provision for asset impairment is
determined and recognized on the individual asset basis. If it is not possible to estimate the recoverable amount of
an individual asset, the recoverable amount of a group of assets to which the asset belongs is determined. A group
of assets is the smallest group of assets that is able to generate independent cash inflows.
For goodwill formed by business combination, intangible assets with uncertain service life, and intangible assets
that have not yet reached the usable state, regardless of whether there are signs of impairment, impairment test
shall be carried out at least at the end of each year.
When the Company conducts the goodwill impairment test, the book value of goodwill formed by business
combination is apportioned to the relevant asset group according to reasonable methods from the date of purchase;
if it is difficult to apportion it to the relevant asset group, apportion it to the relevant asset group portfolio.
Relevant asset group or assets portfolio is the asset group or combination of assets group that can benefit from the
synergies of the enterprise merger.
95
深圳市深粮控股股份有限公司 2022 年半年度报告全文
When conducting impairment test for relevant asset group with inclusion of goodwill, in case that there is
indication of impairment for such asset group, impairment test would be firstly conducted in respect of the asset
groups without inclusion of goodwill. Then, it shall calculate the recoverable amount and determine the
corresponding impairment loss as compared to its carrying value. Then conduct an impairment test on the asset
group or asset group portfolios containing goodwill, and compare their book value with the recoverable amount. If
the recoverable amount is lower than the book value, the amount of impairment loss first deducts the book value
of the goodwill allocated to the asset group or asset group portfolio, and then deducts the book value of the other
assets in proportion according to the proportion of the book value of the other assets other than goodwill in the
asset group or asset group portfolio.
Once recognized, asset impairment loss would not be reversed in future accounting period.
32. Long term prepaid expense
Long term prepaid expense represents the expense which the Company has occurred and shall be amortized in the
current and later periods with amortization period exceeding one year. Long-term prepaid expenses of the
Company includes expenditures on improvement of investment real estate, decoration fee and expenditure for
fixed assets improvement etc. Long term prepaid expense is amortized during the beneficial period under straight
line method.
33. Contract liability
The Company lists contract assets or contract liabilities in the balance sheet based on the relationship between
performance obligations and customer payments. The Company's obligation to transfer goods or provide services
to customers for consideration received or receivable from customers is listed as contract liabilities. Contract
assets and contract liabilities under the same contract are presented in net amount.
34. Staff remuneration
(1)Accounting treatment of short term remuneration
In the period of employee services, short-term benefits are actually recognized as liabilities and charged to profit
or loss or relevant assets costs.
Regarding to the social insurance and housing funds that the Company paid for employees, the Company should
recognize corresponding employees benefits payable according to the appropriation basis and proportion as
stipulated by relevant requirements and recognize the corresponding liabilities.
The employee welfare expenses incurred shall be recorded into the current gain/loss or the cost of relevant assets
according to the actual amount when actually incurred, and the non-monetary welfare shall be measured at fair
96
深圳市深粮控股股份有限公司 2022 年半年度报告全文
value.
(2)Accounting treatment for post employment benefits
Defined contribution plan
The Company pays basic endowment insurance and unemployment insurance for employees according to the
relevant regulations of the local government. In the accounting period in which employees provide services for the
Company, the amount to be paid is calculated according to the local payment base and proportion, and is
recognized as a liability and included in current profit and loss or related asset cost. In addition, the Company also
participates in the enterprise annuity plan/supplementary pension insurance fund approved by the relevant state
departments. The Company pays a certain percentage of the total wages of employees to the annuity plan/local
social insurance agency, and the corresponding expenditures are included in the current profit and loss or the cost
of related asset.
Defined benefit plan
The Company assigns the benefit obligation arising from the defined benefit plan to the period during which the
employee provides service according to the formula determined by the expected accumulated benefit unit method,
and includes it in the current profit and loss or related asset cost.
The deficit or surplus formed by the present value of the defined benefit plan obligation minus the fair value of the
defined benefit plan asset is recognized as a net benefit or net asset of the defined benefit plan. If there is a surplus
in the defined benefit plan, the Company measures the net assets of the defined benefit plan by the lower of the
surplus and the asset limit of the defined benefit plan.
All defined benefit plan obligations, including obligations expected to be paid within twelve months of the end of
the annual reporting period in which the employee provides services, are discounted based on the market return of
the national debt matching with the defined benefit plan obligations deadline and currency or the high quality
corporation bonds in an active market on the balance sheet date.
The service cost generated by the defined benefit plan and the net liabilities or the net interest of the net assets of
the defined benefit plan are included in the current profit and loss or the related assets cost; the changes generated
by the remeasurement of net liabilities or net assets of the defined benefit plan are included in other
comprehensive income, and will not be transferred back to profit or loss in the subsequent accounting period,
when the original defined benefit plan is terminated, the part that was originally included in other comprehensive
income will be carried forward to undistributed profit within the scope of equity.
When settling the defined benefit plan, the settlement gain or loss is confirmed by the difference between the
present value of the defined benefit plan obligation and the settlement price determined on the settlement date.
97
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(3)Accounting treatment for dismissal benefit
If the Company provides dismissal benefits to employees, the employee compensation liabilities arising from
dismissal benefits shall be recognized on the earlier date of the following two, and shall be included in the current
profit and loss: When the company cannot unilaterally withdraw the dismissal benefits provided by the dismissal
plan or downsizing proposal; When the company confirms the costs or expenses related to the reorganization
involving the payment of dismissal benefits.
(4)Accounting treatment for other long term staff benefits
35. Lease liability
36. Accrual liability
The Company will recognize the obligations related to contingencies as expected liabilities when they meet the
following conditions:
(1)The responsibility is a current responsibility undertaken by the Company;
(2)Fulfilling of the responsibility may lead to financial benefit outflow;
(3)The responsibility can be measured reliably for its value.
Accrual liabilities shall conduct initial measurement by best estimation of expenditures needed by fulfillment of
current responsibilities.
While determined the best estimation, take the risks, uncertainty and periodic value of currency that connected to
the contingent issues into consideration. For major influence from periodic value of currency, determined best
estimation after discount on future relevant cash out-flow.
Where there is a continuous range of required expenditures, and the probability of occurrence of various results
within this range is the same, the best estimate is determined according to the median value in the range; in other
cases, the best estimate shall be treated as follows:
If a contingency involves a single item, it shall be determined according to the amount most likely to occur.
If a contingency involves multiple items, it shall be determined in accordance with various possible outcomes
and related probability calculation.
If all or part of the expenditure required to pay off the estimated liabilities is expected to be compensated by a
third party, the compensation amount shall be separately recognized as an asset when it is basically certain that it
can be received, and the recognized compensation amount shall not exceed the book value of the estimated
liability.
98
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The Company reviews the book value of estimated liabilities on the balance sheet date. If there is conclusive
evidence that the book value does not reflect the current best estimate, the book value will be adjusted according
to the current best estimate.
37.Share-based payment
38. Other financial instrument of preferred stocks and perpetual bond
39. Revenue
Accounting policy used for revenue recognition and measurement
1.1 Accounting policy used for revenue recognition and measurement
The Company fulfills the performance obligations in the contract, that is, revenue is recognized when the
customer obtains control of the relevant goods or services. Obtaining control of related goods or services means
being able to lead the use of the goods or services and obtain almost all of the economic benefits from them.
If the contract contains two or more performance obligations, the Company will allocate the transaction price to
each individual performance obligation in accordance with the relative proportion of the stand-alone selling price
of the goods or services promised by each individual performance obligation on the starting date of the contract.
The Company measures revenue based on the transaction price allocated to each individual performance
obligation.
The transaction price refers to the amount of consideration that the Company expects to be entitled to receive due
to the transfer of goods or services to customers, excluding payments collected on behalf of third parties and
payments expected to be returned to customers. The Company determines the transaction price in accordance with
the terms of the contract and combined with its past customary practices, when determining the transaction price,
it considers the influence of variable consideration, major financing components in the contract, non-cash
consideration, consideration payable to customers and other factors. The Company determines the transaction
price that includes variable consideration at an amount that does not exceed the amount of accumulated
recognized revenue that is unlikely to be materially reversed when the relevant uncertainty is eliminated. If there
is a significant financing component in the contract, the Company determines the transaction price based on the
amount payable in cash when the customer obtains control of the goods or services, and uses the actual interest
method to amortize the difference between the transaction price and the contract consideration during the contract
period. (Tips: for the interval between the transfer of control and the payment of the price by the customer does
not exceed one year, the enterprise may disregard the financing component thereof. Enterprise should make
disclosure according to the actual situation )
It belongs to the performance obligation fulfilled within a certain period of time when meeting one of the
following conditions, otherwise it belongs to the performance obligation fulfilled at a certain point in time:
The customer obtains and consumes the economic benefits brought by the Company's performance at the same
99
深圳市深粮控股股份有限公司 2022 年半年度报告全文
time as the Company's performance.
Customers can control the products under construction in the Company's performance process.
The products produced by the Company during the performance of the contract have irreplaceable uses, and the
Company has the right to collect payment for the accumulated performance part of the contract during the entire
contract period.
For performance obligations performed within a certain period of time, the Company recognizes revenue
according to the performance progress during that period, except where the performance progress cannot be
reasonably determined. The Company considers the nature of the goods or services and adopts the output method
or the input method to determine the progress of performance. When the performance progress cannot be
reasonably determined, and the costs incurred are expected to be compensated, the Company shall recognize the
revenue according to the amount of the costs incurred until the performance progress can be reasonably
determined.
For performance obligations performed at a certain point in time, the Company recognizes revenue at the point
when the customer obtains control of the relevant goods or services. When judging whether a customer has
obtained control of goods or services, the Company considers the following signs:
The Company has the current right to collect payment for the goods or services, that is, the customer has the
current payment obligation for the goods or services.
The Company has transferred the legal ownership of the goods to the customer, that is, the customer has the legal
ownership of the goods.
The Company has transferred the goods to the customer in kind, that is, the customer has taken possession of the
goods in kind.
The Company has transferred the main risks and rewards of the ownership of the goods to the customer, that is,
the customer has obtained the main risks and rewards of the ownership of the goods.
The customer has accepted the goods or services, etc.
1.2 Specific principle
(1) Revenue from sales of goods: the sales revenue is recognized after the goods sold domestically have been
delivered and the relevant terms agreed in the contract are met; for export sales, the realization of sales revenue is
confirmed after the goods have been dispatched and declared in compliance with the relevant terms as agreed in
the contract. For export sales, the sales revenue is recognized after the goods have been sent and declared and the
relevant terms agreed in the contract are met.
(2) Revenue from provision of labor services: For the dynamic reserve of grain and oil and its rotation services
provided by the Company to the Shenzhen Municipal Government, the revenue is recognized when relevant labor
services occur, the revenue from grain and oil reserve services is calculated and confirmed monthly based on the
actual amount of grain and oil reserves and the reserve price stipulated in the "Shenzhen Municipal Government
100
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Grain Reserve Expenses Contract Operation Regulations" and the "Shenzhen Municipal Government Edible
Vegetable Oil Government Reserve Expenses Contract Operation Regulations".
(3) Other income:
1)-The amount of royalty revenue is calculated and determined in accordance with the charging time and method
agreed in the relevant contract or agreement;
2)- Income from real estate, terminal warehouse and other property leasing and terminal docking business is
calculated and recognized as the property rental income, warehousing and logistics income.
Differences in accounting policies for revenue recognition due to the different operating models for the same types of business
40. Government subsidy
1.1 Types
Governments subsidy of the Company refer to the monetary and non-monetary assets obtained from government
for free, and are divided into those related to assets and others related to revenues.
Government subsidy related to assets refer to those obtained by the Company and used for purchase or
construction of or otherwise to form long-term assets. Government subsidies related to revenue refer to those other
than government subsidies related to assets.
Specific criteria for classifying the government subsidy as asset-related by the Company are: government subsidy
acquired for the acquisition and construction or other formation of long-term assets
Specific criteria for classifying the government subsidy as income-related by the Company are: government
subsidy obtained by the Company other than those related to assets.
1.2 Recognition time point
At end of the period, if there is evidence show that the Company qualified relevant condition of fiscal supporting
polices and such supporting funds are predicted to obtained, than recognized the amount receivable as government
subsidy. After that, government subsidy shall recognize while actually received.
Government subsidy in the form of monetary assets are stated at the amount received or receivable.
Government subsidy in the form of non-monetary assets are measured at fair value; if fair value cannot be
obtained, a nominal amount (one yuan) is used. Government subsidy measured at nominal amount is
recognized immediately in profit or loss for the current period.
1.3 Accounting treatment
Based on the nature of economic business, the Company determines whether a certain type of government subsidy
business should be accounted for by using the total amount method or the net amount method. In general, the
101
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Company only chooses one method for similar or similar government subsidy services, and this method is
consistently applied to the business.
Item Calculation content
Based on gross method All business of government subsidy
Government subsidy related to assets is used to offset the book value of related assets or be recognized as deferred
income. If it is confirmed as deferred income, it shall be included in the current profit and loss in a reasonable and
systematic way by stages within the useful life of the relevant assets (those related to the Company’s daily
activities are included in other income; those unrelated to the Company’s daily activities are included in the non-
operating income);
Government subsidy related to income that is used to compensate the Company's related costs or losses in
subsequent periods is recognized as deferred income, and is included in the current profit and loss during the
period when the related costs or losses are recognized (those related to the Company’s daily activities are included
in other income; those unrelated to the Company’s daily activities are included in the non-operating income) or
used to offset related costs or losses; those used to compensate the Company’s related costs, expenses or losses
are directly included in the current profit and loss (those related to the Company’s daily activities are included in
other income; those unrelated to the Company’s daily activities are included in the non-operating income) or used
to offset related costs or losses.
The policy-related preferential loan interest discounts obtained by the Company shall be accounted for separately
in the following two situations:
(1)The finance allocates interest discount funds to the lending bank. If the lending bank provides loans to the
Company at a policy-based preferential interest rate, the Company will use the actually received loan amount as
the entry value of the loan, and calculate related borrowing costs according to the loan principal and the policy-
based preferential interest rate.
(2) If the finance directly allocates interest discount funds to the Company, the Company will write down the
relevant borrowing costs with the corresponding interest discount.
41. Deferred income tax assets and deferred income tax liabilities
Income tax includes current income tax and deferred income tax. Except for income tax arising from business
mergers and transactions or events that are directly included in owner's equity (including other comprehensive
income), the Company include current income tax and deferred income tax in current profit and loss.
Deferred income tax assets and deferred income tax liabilities are calculated and recognized based on the
difference (temporary difference) between the tax base of assets and liabilities and their book value.
102
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Deductible temporary differences recognized by deferred income tax assets is limited to the taxable income that is
likely to be obtained in the future to deduct deductible temporary differences. For the deductible losses and tax
deductions that can be carried forward for subsequent years are limited to the future taxable income that is likely
to be obtained to deduct deductible and tax deductions.
For taxable temporary differences, except for special circumstances, deferred income tax liabilities are recognized.
Special circumstances that do not recognize deferred income tax assets or deferred income tax liabilities include:
Initial recognition of goodwill;
Transactions or events that neither are a business combination nor affect accounting profits and taxable income
(or deductible losses) when occur.
For taxable temporary differences related to investments in subsidiaries, associates and joint ventures, deferred
income tax liabilities are recognized, unless the Company can control the timing of the reversal of the temporary
differences and the temporary differences are not likely to be reversed in the foreseeable future. For deductible
temporary differences related to investments in subsidiaries, associates and joint ventures, when the temporary
differences are likely to be reversed in the foreseeable future and are likely to be used to deduct the taxable
income of deductible temporary differences in the future, recognize deferred income tax assets.
On the balance sheet date, deferred income tax assets and deferred income tax liabilities are measured at the
applicable tax rate during the period when the relevant assets are expected to be recovered or the relevant
liabilities are expected to be paid off in accordance with the provisions of the tax law.
On the balance sheet date, the Company reviews the book value of deferred income tax assets. If it is probable that
sufficient taxable income cannot be obtained in the future to offset the benefits of deferred income tax assets, the
book value of the deferred income tax assets shall be written down. When it is possible to obtain sufficient taxable
income, the write-down amount shall be reversed.
When there is a statutory right to settle on a net basis, and an intention to settle on a net basis or acquire assets and
pay off liabilities at the same time, the current income tax assets and current income tax liabilities are presented at
the net amount after offsetting.
On the balance sheet date, deferred income tax assets and deferred income tax liabilities shall be listed as the net
amount after offset when the following conditions are met at the same time:
The tax subject has the statutory right to settle current income tax assets and current income tax liabilities on a
net basis;
Income tax assets and deferred income tax liabilities are related to the income tax levied by the same tax
administration department on the same taxation subject or related to different taxation subjects, however, in the
period during which each important deferred income tax asset and liability are reversed in the future, the taxpayer
103
深圳市深粮控股股份有限公司 2022 年半年度报告全文
involved intends to settle the current income tax assets and liabilities on a net basis or obtain assets and settle
liabilities at the same time.
42. Lease
(1)Accounting treatment for operating lease
1.Right-of-use assets
On the commencement date of the lease term, the Company recognizes the right-of-use assets for leases other than
short-term leases and low-value asset leases. The right-of-use assets shall be initially measured at cost. The cost
includes:
The initial measurement amount of lease liabilities;
Where the lease payments paid on or before the commencement date of the lease term have a lease incentive, the
amount of the lease incentive already enjoyed shall be deducted;
Initial direct costs incurred by the Company;
Costs expected to be incurred by the Company to dismantle and remove the leased assets, restore the sites where
the leased assets locate or restore the leased assets to the state agreed upon in the lease terms, excluding costs
incurred for the production of inventory.
The Company shall subsequently use the straight-line method to calculate the depreciation of the right-of-use
assets. Where ownership of the leased asset can be reasonably determined at the end of the lease term, the
Company shall calculate the depreciation during the remaining useful life of the leased asset; Otherwise, the
depreciation of the leased asset is calculated during the period which is shorter between the lease term and the
remaining useful life of the leased asset.
The Company determines whether the right-of-use asset impairment has occurred in accordance with the
principles described in the Notes III- "(20). Impairment of Long-term Assets", and makes accounting treatment for
the identified impairment loss.
2.Lease liability
On the commencement date of the lease term, the Company recognizes the lease liabilities for leases other than
short-term leases and low-value asset leases. Lease liabilities are initially measured at the present value of
outstanding lease payments. The lease payments include:
Where there is a lease incentive in the fixed payments (including the substantive fixed payments), deduct the
lease incentive;
Variable lease payments depending on the index or ratio;
The payments estimated to be paid according to the guaranteed residual value provided by the company;
The executive price of the call option provided that the company reasonably determines that the option will be
104
深圳市深粮控股股份有限公司 2022 年半年度报告全文
exercised;
The payments payable to exercise the termination of lease option provided that the lease term reflects that the
company shall exercise the termination of lease option.
The Company uses the interest rate implicit in lease as the discount rate, but if the interest rate implicit in lease
cannot be reasonably determined, the Company's incremental borrowing rate shall be used as the discount rate.
The Company calculates the interest expense of the lease liability in each period of the lease term at a fixed
periodic rate and records it into the current profits and losses or the cost of underlying asset.
The variable lease payments not included in the measurement of lease liabilities are booked into the profits and
losses of the current period or the cost of related assets when actually incurred.
After the commencement date of the lease term, if any of the following circumstances occurs, the Company shall
re-measure the lease liabilities and adjust the corresponding right-of-use assets. If the book value of the right-of-
use assets has been reduced to zero, but the lease liabilities still need to be further reduced, the difference shall be
recorded into the profits and losses of the current period.
If the evaluation results of the call option, the lease renewal option or the termination option changes, or the
actual exercise of the said option is inconsistent with the original evaluation results, the Company shall remeasure
the lease liability at the present value calculated by the changed lease payment and the revised discount rate;
In the event of a change in the substantive fixed payment, a change in the amount expected to be payable for the
guaranteed residual value, or a change in the index or ratio used to determine the lease payment, the Company
shall remeasure the lease liability according to the present value calculated by the changed lease payment and the
original discount rate. However, where changes in lease payments result from changes in floating interest rates,
the present value is calculated by using the revised discount rate.
(3) Short-term leases and low-value asset leases
The Company chooses not to recognize the right-of-use assets and lease liabilities for short-term leases and low-
value asset leases, and records the relevant lease payments into the current profits and losses or related asset costs
in accordance with the straight-line method for each period of the lease term. A short-term lease is a lease not
exceeding 12 months and excluding the call option on the commencement date of the lease term. The low-value
asset lease refers to a lease with a lower value when a single leased asset is a new asset. Where the company
subleases or expects to sublease the leased asset, the original lease is not a low-value asset lease.
4. Lease change
If the lease changes and meets the following conditions at the same time, the Company will treat the lease change
as a separate lease for accounting treatment:
105
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The lease change expands the lease scope by increasing one or more right of use of the leased assets;
The increased consideration and the separate price for the extension portion of the lease shall be equivalent to the
amount adjusted according to the contract.
If the lease change is not regarded as a separate lease for accounting treatment, the company shall, on the effective
date of the lease change, reapportion the consideration of the contract after the change, redetermine the lease term,
and remeasure the lease liabilities according to the present value calculated by the changed lease payments and the
revised discount rate.
If the lease change results in the narrowing of the lease scope or the shortening of the lease term, the Company
shall adjust the book value of the right-of-use assets accordingly, and record the profits or losses related to partial
or complete termination of lease into the profits and losses of the current period. The Company shall adjust the
book value of the right-of-use assets accordingly if the lease liabilities are remeasured due to other lease changes.
5. Rent concessions related to COVID-19
Where the simplified method of rent concessions related to COVID-19 is adopted, the Company shall not
assess whether there is a lease change, and shall continue to calculate the interest expense of the lease liability at
the same discount rate as before the concessions and include it in the current profit and loss, and continue to make
an depreciation for right-of-use assets in the same way as before the concession. In the event of rent reduction or
exemption, the Company shall treat the reduced rent as the variable lease payment amount, and offset the related
asset cost or expenses by using the discounted amount at the undiscounted rate or the discounted rate before the
concession when the original rent payment obligation is relieved by reaching a concession agreement, and adjust
the lease liabilities accordingly; where the rent payment is delayed, the Company shall offset the lease liabilities
recognized in the previous period when the actual payment is made.
For short-term leases and low-value asset leases, the Company shall continue to include the original contract rent
in the related asset cost or expenses in the same way as before the concession. In the event of rent reduction or
exemption, the Company shall treat the reduced rent as the variable lease payment, and offset the relevant asset
cost or expenses during the reduction and exemption period; where the rent payment is delayed, the Company
shall recognize the rent payable as a payable during the original payment period, and offset the payable
recognized in the previous period when the actual payment is made.
106
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(2)Accounting treatment for financing lease
43. Other important accounting policy and estimation
44. Changes of important accounting policy and estimation
(1)Changes of important accounting policies
□ Applicable √ Not applicable
(2) Changes of important accounting estimate
□ Applicable √ Not applicable
45. Other
N/A
VI. Taxes
1. Type of tax and rate for main applicable tax
Taxes Basis Rate
The output tax is calculated on the basis
of the sales of goods and the taxable
service income calculated according to
VAT the tax law. After deducting the input tax 13.00%, 9.00%, 6.00%, 5.00%, 3.00%
amount that is allowed to be deducted in
the current period, the difference part is
the value-added tax payable.
Calculated according to the actual value-
Urban maintenance and construction tax 7.00%, 5.00%
added tax and consumption tax
Enterprise income tax Calculated according to taxable income 25.00%, 20.00%, 15.00%
Calculated according to the actual value-
Educational surtax 3.00%
added tax and consumption tax
Calculated according to the actual value-
Local education surcharge 2.00%
added tax and consumption tax
Price-based resource tax, 1.2 percent of
the remaining value after deducting 20%
Property tax of the original value of the property; 12 1.20%, 12.00%
percent of the rental income if levy by
rents.
When the property right of the real
Deed tax 3.00%-5.00%
property is transferred, the contract price
107
深圳市深粮控股股份有限公司 2022 年半年度报告全文
shall be paid to the owner of the property
right in one lump sum
Rate of income tax for different taxpaying body:
Taxpaying body Rate of income tax
Shenzhen Cereals Holdings Co., Ltd. 25.00%
Shenzhen Cereals Group Co., Ltd (hereinafter referred to as
25.00%, Some businesses are tax-free
"SZCG")
Shenzhen Hualian Grain and Oil Trading Co., Ltd. (hereinafter
25.00%
referred to as "Hualian Cereals and Oil")
Dongguan Hualian Grain & Oil Trade Co., Ltd. (hereinafter
25.00%
referred to as "Dongguan Hualian ")
Shenzhen Shenliang Hongjun Catering Management Co., Ltd.
25.00%
(hereinafter referred to as "Shenliang Hongjun ")
Shenzhen Flour Co., Ltd(hereinafter referred to as “Shenzhen
Tax-free
Flour”)
Shenliang Quality Inspection Co., Ltd.(hereinafter referred to
25.00%
as"Quality Inspection")
Hainan Shenliang Oil & Food Co., Ltd. (hereinafter referred to
20.00%
as"Hainan Oil & Food")
Shenzhen Shenliang Doximi Business Co., Ltd. (hereinafter
25.00%
referred to as"Doximi ")
Shenzhen Shenliang Big Kitchen Food Supply Chain Co.,
25.00%
Ltd(hereinafter referred to as"Big Kitchen")
Shenzhen Shenliang Storage (Yingkou) Co., Ltd(hereinafter
25.00%
referred to as"Yingkou Storage")
Shenzhen Shenliang Cold Chain Logistics Co., Ltd.(hereinafter
15.00%
referred to as"Cold Chain Logistics")
Shenzhen Shenliang Property Development Co., Ltd.
25.00%
(hereinafter referred to as"Shenliang Property")
Shenzhen Shenliang Property Management Co., Ltd.
20.00%
(hereinafter referred to as"Shenliang Property")
Dongguan Shenliang Logistics Co., Ltd.(hereinafter referred to
25.00%
as Dongguan Logistics)
Dongguan International Food Industrial Park Development Co.,
25.00%
Ltd.(hereinafter referred to as"International Food")
Dongguan Shenliang Oil & Food Trade Co., Ltd.(hereinafter
25.00%
referred to as"Dongguan Oil & Food")
Shuangyashan Shenliang Cereals Base Co., Ltd. (hereinafter
25.00%
referred to as"Shuangyashan ")
Shenzhen Shenbao Huacheng Technology Co., Ltd.
15.00%
(hereinafter referred to as Shenbao Huacheng )
Wuyuan County Jufangyong Tea Co., Ltd.(hereinafter referred
15.00%
to as Wuyuan Jufangyong)
108
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Shenzhen Shenshenbao Investment Co., Ltd(hereinafter
25.00%
referred to as"Shenbao Investment ")
Shenzhen Shenshenbao Tea Culture Commercial Management
Co., Ltd.(hereinafter referred to as"Shenbao Tea Culture") 25.00%
Hangzhou Ju Fang Yong Holding Co., Ltd(hereinafter referred
25.00%
to as"Ju Fang Yong Holding")
Hangzhou Ju Fang Yong Trading Co., Ltd. (hereinafter referred
25.00%
to as"Ju Fang Yong Trading ")
Hangzhou Fuhaitang Catering Management Chain Co., Ltd.
25.00%
(hereinafter referred to as"Fuhaitang Catering")
Hangzhou Fuhaitang Tea Ecological Technology Co.,
25.00%
Ltd.(hereinafter referred to as"Fuhaitang Ecological")
Mount Wuyi Shenbao Rock Tea Co., Ltd.(hereinafter referred
25.00%
to as"Shenbao Rock Tea")
Yunnan Shenbao Pu’er Tea Supply Chain Management Co.,
25.00%
Ltd.(hereinafter referred to as"Pu’er Tea Supply Chain")
Shenzhen Shenliang Food Co., Ltd.(hereinafter referred to
25.00%
as“Shenzhen Shenliang Food ”)
Yunnan Pu’er Tea Trading Center Co., Ltd.(hereinafter referred
25.00%
to as"Pu’er Tea Trading Center")
Huizhou Shenliang Food Co., Ltd.(hereinafter referred to as
25.00%
Shenliang Food )
Huizhou Shenbao Technology Co., Ltd.(hereinafter referred to
25.00%
as"Huizhou Shenbao ")
Zhenping Market Operation Tech. Co., Ltd.(hereinafter
25.00%
referred to as"Zhenping Market ")
Shenzhen Shenbao Industrial & Trading Co., Ltd(hereinafter
25.00%
referred to as"Shenbao Industrial & Trading")
Wuhan Jiacheng Biotechnology Co., Ltd.(hereinafter referred
15.00%
to as Wuhan Jiacheng)
Hubei Jiacheng Biotechnology Co., Ltd. .(hereinafter referred
25.00%
to as Hubei Jiacheng)
Wuhan Hongqu Health Biology Co., Ltd(hereinafter referred to
25.00%
as“Wuhan Hongqu”)
Macheng Jintian Camellia Oil Co., Ltd.(hereinafter referred to
25.00%
as“Macheng Jintian”)
Shenliang Hongli Grain & Oil (Shenzhen) Co., Ltd.(hereinafter
25.00%
referred to as“Hongli Grain & Oil”)
2. Tax preferential
1. VAT preference and approval
According to the “Notice of the Ministry of Finance and the State Administration of Taxation on the Issues
109
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Concerning the VAT Collection and Exemption of Grain Enterprises (CSZ [1999] No. 198)” and “Shenzhen Tax
Service, State Taxation Administration and Shenzhen Finance Bureau SGSF (SCF [1999] No.428)”, confirming
that SZCG, the Company’s subsidiary, and its subsidiaries, are state-owned grain purchase and sale enterprises
that undertake grain collection and storage tasks for Shenzhen, the grain sold is subject to tax-free declaration by
rule and enjoys the exemption from VAT. In addition, according to the stipulation of the “Announcement of State
Administration of Taxation on Relevant Management Matters After Clarifying the Cancellation of the Approval
of Some VAT Preferential Policies” (SAT Announcement 2015 No. 38), the approval for exemption from VAT
and the involved tax review and approval procedures for the state-owned grain enterprises that undertake grain
collection and storage tasks, other grain enterprises that operate tax-free projects and enterprises that have edible
vegetable oil sales business for government reserves are cancelled and changed to record management. The
taxpayer does not change the content of the record materials during the period of tax exemption can be put on a
one-time record. In December 2013, SZCG obtained the notice of the VAT preferential record (SGSFJBM [2013]
No.2956) from Shenzhen Futian State Administration of Taxation. In the case of no change in policy, this limited
filing period started on January 1st, 2014.The VAT input tax amount of the preferential item was separately
accounted for, and the input VAT calculation method cannot be changed within 36 months after the selection. As
of June 30, 2022, the tax exemption policy has been in effect since its filing in 2014, and the company’s VAT
input tax has not changed since it was accounted for separately in 2014, so the company continues to enjoy the tax
preference.
2. Stamp duty, house property tax, and urban land use tax preferences
According to the stipulations of “Notice of the Ministry of Finance and the State Administration of Taxation on
the Relevant Tax Policies Concerning Some National Reserved Commodities (CS [2019] No. 77)”, and
documents of Guangdong Province Department of Finance, Guangdong Provincial Taxation Bureau of the State
Administration of Taxation and Guangdong Provincial Food and Material Reserve Bureau (Yue Cai Shui
[2020]No.2, confirming that the fund account book of SZCG, the Company’s subsidiary, and its direct depots is
exempt from stamp duty, confirming that the written purchase and sale contracts of SZCG in the process of
undertaking the commodity reserve business are exempt from stamp duty, and confirming that SZCG’s house
property and land used for the commodity reserve business are exempt from house property tax and urban land
use tax. The execution time limit for this tax preference policy is up to June 30, 2022.
3. Enterprise income tax
(1) On May 27, 2021, the general administration of Taxation, Ministry of Finance issued the Notice on the
Extension of Preferential Policies of Enterprise Income Tax of Qianhai Shenzhen-Hong Kong Modern Service
Industry Cooperation Zone in Shenzhen, the enterprise income tax of qualified enterprises located in Qianhai
Shenzhen-Hong Kong Modern Service Industry Cooperation Zone is levied at the rate of 15.00%, and the Notice
to be implemented from January 1, 2021 to December 31, 2025. The Company's subsidiary cold chain logistics is
registered in Shenzhen Qianhai Cooperation Zone, which is eligible for preferential tax conditions. According to
relevant policies of the cooperation zone, its income tax will enjoy a preferential tax of 15.00%
110
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(2) On December 23, 2021, Shenbao Huacheng, a subsidiary of the Company, obtained the High-tech Enterprise
Certificate (Certificate No.: GR202144205394) jointly issued by the Shenzhen Science and Technology Bureau,
the Shenzhen Finance Bureau, and the Shenzhen Tax Service, State Taxation Administration, which is valid for
three years. According to the relevant preferential policies of the state for high-tech enterprises, the qualified high-
tech enterprises will pay corporate income tax at a reduced income tax rate of 15.00% within three years from the
year of identification. Shenbao Huacheng will enjoy the preferential tax policy from 2021 to 2024.
(3) On November 3, 2021, Wuyuan Jufangyong, a subsidiary of the Company, obtained the High-tech Enterprise
Certificate (Certificate No.: GR202136000731) jointly issued by the Science and Technology Department of
Jiangxi Province, the Finance Department of Jiangxi Province, and the Jiangxi Provincial Tax Service, State
Taxation Administration, which is valid for three years. According to the relevant preferential policies of the state
for high-tech enterprises, qualified high-tech enterprises will pay corporate income tax at a reduced income tax
rate of 15.00% within three years from the year of identification. Wuyuan Jufangyong will enjoy the preferential
tax policy from 2021 to 2024.
(4) On November 15, 2019, Wuhan Jiacheng, a subsidiary of the Company, obtained the High-tech Enterprise
Certificate (Certificate No.: GR201942000977) jointly issued by the Department of Science and Technology of
Hubei Province, the Hubei Provincial Department of Finance of Hubei Province, and the Hubei Provincial Tax
Service, State Taxation Administration, which is valid for three years. According to the relevant preferential
policies of the state for high-tech enterprises, qualified high-tech enterprises will pay corporate income tax at a
reduced income tax rate of 15.00% within three years from the year of identification. Wuhan Jiacheng enjoys the
preferential tax policy from 2019 to 2022.
(5) According to the Notice of the Ministry of Finance and the State Taxation Administration on the Treatment of
Corporate Income Tax Treatment of Fiscal Funds for Special Purposes (CS [2009] No. 87), the governmental
service incomes obtained by SZCG, the Company’s subsidiary, and its subordinate companies by carrying out
government grain reserves business are fiscal funds for special purposes, those that meet the requirements can be
regarded as non-taxable incomes and deducted from the total income when calculating the taxable income.
Expenses arising from the use of the above non-taxable income for expenditure shall not be deducted from the
calculation of taxable income; for assets formed from expenditure, the calculated depreciation and amortization
shall not be deducted from the calculation of taxable income.
(6) Shenzhen Flour, a subsidiary of the Company, is a flour primary processing enterprise, according to the
stipulations of the “Notice on Issuing the Scope (Trial) of Primary Processing of Agricultural Products Applicable
to the Corporate Income Tax Preferential Policy (CS [2008] No. 149)” and the “Supplementary Notice on the
Scope of Primary Processing of Agricultural Products Applicable to the Corporate Income Tax Preferential Policy
of the Ministry of Finance and the State Administration of Taxation” (CS [2011] No. 26), the wheat primary
111
深圳市深粮控股股份有限公司 2022 年半年度报告全文
processing is exempt from income tax.
(7) According to Article II of the "Notice of the State Taxation Administration and Ministry of Finance on the
Implementation of Inclusive Tax Relief Policies for Small and Micro Enterprises" (CS[2029] No. 13), the portion
of the annual taxable income of small, low-profit enterprises that does not exceed 1 million yuan will be included
in the taxable income by 25%, and the corporate income tax will be paid at a tax rate of 20%. The portion of the
annual taxable income of small, low-profit enterprises exceeding 1 million yuan but not exceeding 3 million yuan
will be included in the taxable income by 50%, and the corporate income tax will be paid at a tax rate of 20%. On
March 31, 2021, the Ministry of Finance and the State Taxation Administration issued Announcement No. 12 of
2021, for the part of the annual taxable income of small and low-profit enterprises not exceeding one million yuan,
on the basis of the preferential policies stipulated in Article 2 of the Notice of the Ministry of Finance and the
State Taxation Administration on Implementing Inclusive Tax Reduction and Exemption Policies for Small and
Micro Enterprises (CS[2019] No. 13), the corporate income tax shall be halved; Hainan Cereals and Oils, and
Shenliang Property, as the Company’s subsidiaries, are small and low-profit enterprises, and are eligible for tax
preference.
3.Other
N/A
VII. Annotation to main items of consolidated financial statements
1. Monetary funds
Unit: CNY/RMB
Item Ending balance Opening balance
Cash on hand 67,892.44 29,370.19
Cash in bank 70,821,643.50 49,173,812.84
Other monetary fund 1,571,145.88 1,206,740.62
Total 72,460,681.82 50,409,923.65
The total amount of
money that has restrictions on use due to 1,000,000.00 1,039,843.45
mortgage, pledge or freezing
Other explanation
2. Tradable financial assets
Unit: CNY/RMB
Item Ending balance Opening balance
Financial assets measured by fair value
and with variation reckoned into current 72,348,385.01 211,060,770.50
gains/losses
112
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Including:
Equity investment instrument 1,142,988.73 921,099.27
Structured financial products 71,205,396.28 210,139,671.23
Including:
Total 72,348,385.01 211,060,770.50
Other explanation:
3. Derivative financial assets
Unit: CNY/RMB
Item Ending balance Opening balance
Other explanation
4. Note receivable
(1) Category
Unit: CNY/RMB
Item Ending balance Opening balance
Bank acceptance bill 97,750.00 687,242.00
Total 97,750.00 687,242.00
Unit: CNY/RMB
Ending balance Opening balance
Bad debt
Book balance Book balance Bad debt provision
Category provision Book Book
Amoun Amoun Accrua value Amoun Accrual value
Ratio Ratio Amount
t t l ratio t ratio
Including:
Including:
If the provision for bad debts of note receivable is made in accordance with the general model of expected
credit losses, please refer to the disclosure of other account receivables to disclose related information about
bad-debt provisions:
□ Applicable √Not applicable
(2) Bad debt provision accrual, collected or reversal in the period
Bad debt provision accrual in the period:
Unit: CNY/RMB
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written-off Other
reversal
Including major amount bad debt provision that collected or reversal in the period:
□ Applicable √Not applicable
113
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(3) Note receivable that pledged at period-end
Unit: CNY/RMB
Item Amount pledged at period-end
(4) Notes endorsement or discount and undue on balance sheet date
Unit: CNY/RMB
Item Amount derecognition at period-end Amount not derecognition at period-end
(5) Notes transfer to account receivable due for failure implementation by drawer at period-end
Unit: CNY/RMB
Item Amount transfer to account receivable at period-end
Other explanation
(6) Note receivable actually written-off in the period
Unit: CNY/RMB
Item Amount written-off
Including important note receivable that written-off:
Unit: CNY/RMB
Amount written- Procedure of Resulted by related
Enterprise Nature Written-off causes
off written-off transaction (Y/N)
Explanation on note receivable written-off:
5. Account receivable
(1) Category
Unit: CNY/RMB
Ending balance Opening balance
Bad debt
Book balance Book balance Bad debt provision
Category provision Book Book
Amoun Amoun Accrua value Amoun Amoun Accrual value
Ratio Ratio
t t l ratio t t ratio
Account receivable
with bad debt 93,902, 34.65 92,734, 98.76 1,168,5 95,231, 92,862, 2,368,50
25.05% 97.51%
provision accrual 781.96 % 278.08 % 03.88 065.86 561.98 3.88
on a single basis
Including:
Account receivable
with single 10,455, 10,455, 100.00 10,455, 10,455, 100.00
3.86% 2.75%
significant amount 627.54 627.54 % 627.54 627.54 %
and withdrawal
114
深圳市深粮控股股份有限公司 2022 年半年度报告全文
bad debt provision
on single basis
Account receivable
with single minor
amount but with 83,447, 30.79 82,278, 98.60 1,168,5 84,775, 82,406, 2,368,50
22.30% 97.21%
bad debts provision 154.42 % 650.54 % 03.88 438.32 934.44 3.88
accrued on a single
basis
Account receivable
177,12 172,97 284,94
with bad debt 65.35 4,151,7 4,264,1 280,678,
9,809.3 2.34% 8,093.8 3,025.4 74.95% 1.50%
provision accrual % 15.41 87.72 837.74
0 9 6
on portfolio
Including:
136,00 131,85 143,00
50.18 4,151,7 4,264,1 138,742,
Aging portfolio 2,586.2 3.05% 0,870.8 7,108.0 37.62% 2.98%
% 15.41 87.72 920.34
4 3 6
141,93
41,127, 15.17 41,127, 141,935,
Other portfolio 5,917.4 37.33%
223.06 % 223.06 917.40
0
271,03 174,14 380,17
100.00 96,885, 35.75 100.00 97,126, 283,047,
Total 2,591.2 6,597.7 4,091.3 25.55%
% 993.49 % % 749.70 341.62
6 7 2
Bad debt provision accrual on single basis: 92,734,278.08 yuan
Unit: CNY/RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
Guangzhou Jinhe Feed Slightly possibly taken
10,455,627.54 10,455,627.54 100.00%
Co., Ltd back
Shenzhen Faqun Slightly possibly taken
4,582,156.00 4,582,156.00 100.00%
Industry Co., Ltd. back
Slightly possibly taken
Li Shaoyu 2,929,128.53 2,929,128.53 100.00%
back
Zhuhai Doumen Huabi Slightly possibly taken
2,396,327.14 2,396,327.14 100.00%
Feed Co., Ltd. back
Chongqing Zhongxing Slightly possibly taken
2,354,783.30 2,354,783.30 100.00%
Food Industry Co., Ltd. back
Slightly possibly taken
Hengyang Feed factory 2,591,566.65 2,591,566.65 100.00%
back
Sichuan Zhongxing Slightly possibly taken
1,698,103.22 1,698,103.22 100.00%
Food Industry Co., Ltd. back
Shenzhen Buji
Agricultural Products Slightly possibly taken
1,534,512.45 1,534,512.45 100.00%
Wholesale Center back
Market Xingmin
115
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Commercial Bank
Slightly possibly taken
Cao Shengyun 1,429,745.00 1,429,745.00 100.00%
back
Huaxing Feed Factory,
Slightly possibly taken
Shunde District, 1,290,274.22 1,290,274.22 100.00%
back
Foshan City
Slightly possibly taken
Shanghai office 1,059,295.90 1,059,295.90 100.00%
back
Shenzhen Dihuan
Investment Slightly possibly taken
1,045,356.50 1,045,356.50 100.00%
Development back
Company
Slightly possibly taken
Other single provision 60,535,905.51 59,367,401.63 98.07%
back
Total 93,902,781.96 92,734,278.08
Bad debt provision accrual on portfolio: 4,151,715.41 yuan
Unit: CNY/RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Combination of sales
136,002,586.24 4,151,715.41 3.05%
receivables
Specific object combinations 41,127,223.06
Total 177,129,809.30 4,151,715.41
Explanation on portfolio determines:
If the provision for bad debts of account receivable is made in accordance with the general model of expected
credit losses, please refer to the disclosure of other account receivables to disclose related information about
bad-debt provisions:
□ Applicable √Not applicable
By account age
Unit: CNY/RMB
Account age Ending balance
Within one year (including 1-year) 162,544,194.77
1-2 years 10,029,455.37
2-3 years 3,296,082.19
Over 3 years 95,162,858.93
3-4 years 1,651,225.64
4-5 years 860,649.61
Over 5 years 92,650,983.68
Total 271,032,591.26
(2) Bad debt provision accrual, collected or reversal in the period
Bad debt provision accrual in the period:
116
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Unit: CNY/RMB
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written-off Other
reversal
Bad debt
provision
92,862,561.98 128,283.90 92,734,278.08
accrual on
single basis
Sales
Receivables 4,264,187.72 112,472.31 4,151,715.41
Portfolio
Total 97,126,749.70 240,756.21 96,885,993.49
Including major amount bad debt provision that collected or reversal in the period:
Unit: CNY/RMB
Enterprise Amount collected or reversal Collection way
(3) Account receivable actually written-off in the period
Unit: CNY/RMB
Item Amount written-off
Including major account receivable written-off:
Unit: CNY/RMB
Amount written- Procedure of Resulted by related
Enterprise Nature Written-off causes
off written-off transaction (Y/N)
Explanation on account receivable written-off:
(4) Top 5 account receivables at ending balance by arrears party
Unit: CNY/RMB
Ending balance of accounts Proportion in total receivables Bad debt preparation ending
Enterprise
receivable at ending balance balance
First 33,802,000.02 12.47%
Second 10,455,627.54 3.86% 10,455,627.54
Third 6,415,190.21 2.37%
Fourth 6,398,645.91 2.36%
Fifth 5,631,565.07 2.08% 55,148.09
Total 62,703,028.75 23.14%
(5) Assets and liabilities resulted by account receivable transfer and continues involvement
(6) Account receivable derecognition due to financial assets transfer
6. Account receivable financing
Unit: CNY/RMB
117
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Item Ending balance Opening balance
Changes of account receivable financing and change of fair value in the period
□ Applicable √Not applicable
If the impairment provision of account receivable financing is made in accordance with the general model of
expected credit losses, please refer to the disclosure of other account receivables to disclose related information
about impairment provision:
□ Applicable √Not applicable
Other explanation
7. Accounts paid in advance
(1) By account age
Unit: CNY/RMB
Ending balance Opening balance
Account age
Amount Ratio Amount Ratio
Within one year 93,526,177.70 98.87% 115,518,972.22 99.68%
1-2 years 738,880.47 0.78% 193,952.41 0.17%
2-3 years 164,558.11 0.18% 46,662.00 0.04%
Over 3 years 164,708.73 0.17% 135,187.98 0.11%
Total 94,594,325.01 115,894,774.61
Explanation on reasons of failure to settle on important account paid in advance with age over one year:
(2) Top 5 account paid in advance at ending balance by prepayment object
Proportion in of total prepayment
Prepaid objects Ending balance
balance at the end of period (%)
First 39,315,427.81 41.56
Second 33,101,014.04 34.99
Three 6,646,168.00 7.03
Fourth 5,610,000.00 5.93
Fifth 3,220,000.00 3.40
Total 87,892,609.85 92.91
Other explanation:
8. Other account receivable
Unit: CNY/RMB
Item Ending balance Opening balance
Other account receivable 46,469,468.38 32,377,838.35
Total 46,469,468.38 32,377,838.35
118
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(1) Interest receivable
1) Category
Unit: CNY/RMB
Item Ending balance Opening balance
2) Significant overdue interest
Unit: CNY/RMB
Whether impairment
Borrower Ending balance Overdue time Overdue causes occurs and its
judgment basis
Other explanation
3) Accrual of bad debt provision
□ Applicable √Not applicable
(2) Dividend receivable
1) Category
Unit: CNY/RMB
Item (or invested enterprise) Ending balance Opening balance
2) Important dividend receivable with account age over one year
Unit: CNY/RMB
Whether impairment
Item (or invested Reasons for not
Ending balance Account age occurs and its
enterprise) collection
judgment basis
3) Accrual of bad debt provision
□ Applicable √Not applicable
Other explanation
(3) Other account receivable
1) By nature
Unit: CNY/RMB
Nature Ending book balance Opening book balance
Margin and deposit 15,821,639.26 12,323,696.08
Other intercourse funds 130,468,808.14 119,880,221.09
Total 146,290,447.40 132,203,917.17
119
深圳市深粮控股股份有限公司 2022 年半年度报告全文
2) Accrual of bad debt provision
Unit: CNY/RMB
Phase I Phase II Phase III
Expected credit losses for Expected credit losses for
Expected credit
Bad debt provision the entire duration the entire duration (with Total
losses over next 12
(without credit credit impairment
months
impairment occurred) occurred)
Balance on Jan. 1,
3,185,683.43 96,640,395.39 99,826,078.82
2022
Balance of Jan. 1, 2022
in the period
Current accrual 128,700.20 128,700.20
Current write-off 133,800.00 133,800.00
Balance on Jun. 30,
3,314,383.63 96,506,595.39 99,820,979.02
2022
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
By account age
Unit: CNY/RMB
Account age Ending balance
Within one year (including 1-year) 21,424,236.35
1-2 years 18,927,585.87
2-3 years 2,090,194.46
Over 3 years 103,848,430.72
3-4 years 1,789,390.49
4-5 years 1,788,178.30
Over 5 years 100,270,861.93
Total 146,290,447.40
3) Bad debt provision accrual, collected or reversal in the period
Bad debt provision accrual in the period:
Unit: CNY/RMB
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written off Other
reversal
Bad debt
provision
96,640,395.39 133,800.00 96,506,595.39
accrual on
single basis
Bad debt
3,185,683.43 128,700.20 3,314,383.63
provision
120
深圳市深粮控股股份有限公司 2022 年半年度报告全文
accrual on
portfolio
Total 99,826,078.82 128,700.20 133,800.00 99,820,979.02
Including major amount with bad debt provision reverse or collected in the period:
Unit: CNY/RMB
Enterprise Amount reversal or collected Collection way
4) Other account receivable actually written-off in the period
Unit: CNY/RMB
Item Amount written-off
Including important other account receivable written-off:
Unit: CNY/RMB
Amount written- Procedure of Resulted by related
Enterprise Nature Written-off causes
off written-off transaction (Y/N)
Explanation on other account receivable written-off:
5) Top 5 other receivables at ending balance by arrears party
Unit: CNY/RMB
Ratio in total
Bad debt
ending balance of
Enterprise Nature Ending balance Account age preparation ending
other account
balance
receivables
First Other intercourse Within 1 year,
24,608,742.46 16.82% 22,187,644.18
funds over 5 years
Second Other intercourse
8,326,202.63 Over 5 years 5.69% 8,326,202.63
funds
Three Other intercourse
8,285,803.57 Over 5 years 5.66% 8,285,803.57
funds
Fourth Other intercourse
8,257,311.80 Over 5 years 5.64% 8,257,311.80
funds
Fifth Other intercourse
6,397,067.59 Over 5 years 4.37% 6,397,067.59
funds
Total -- 55,875,128.05 -- 38.18% 53,454,029.77
6) Other account receivables related to Government subsidy
Unit: CNY/RMB
Time, amount and
Enterprise Government subsidy Ending balance Ending account age basis for collection
predicted
121
深圳市深粮控股股份有限公司 2022 年半年度报告全文
7) Other receivable for termination of confirmation due to the transfer of financial assets
8) The amount of assets and liabilities that are transferred other receivable and continued to be involved
Other explanation
9. Inventories
Whether companies need to comply with the disclosure requirements of the real estate industry
No
(1) Category
Unit: CNY/RMB
Ending balance Opening balance
Inventories fall Inventories fall
provision or provision or
contract contract
Item
Book balance performance Book value Book balance performance Book value
costs costs
impairment impairment
provision provision
Raw materials 75,917,421.01 14,841,005.00 61,076,416.01 71,483,882.02 14,841,005.00 56,642,877.02
Goods in
18,235,651.96 18,235,651.96 23,932,099.23 23,932,099.23
process
Inventory 3,616,039,048. 3,520,642,093. 3,463,256,518. 3,364,815,013.
95,396,954.45 98,441,505.32
goods 21 76 48 16
Revolving
5,383,668.92 966,891.96 4,416,776.96 5,596,700.59 966,891.96 4,629,808.63
material
Goods in transit 10,341,793.61 10,341,793.61 5,362,274.64 5,362,274.64
Low-value
consumables- 3,619,880.75 3,619,880.75 4,367,402.92 4,367,402.92
packaging
Consignment
processing 5,999,159.19 5,290,502.32 708,656.87 6,159,701.53 5,290,502.32 869,199.21
materials
3,735,536,623. 3,619,041,269. 3,580,158,579. 3,460,618,674.
Total 116,495,353.73 119,539,904.60
65 92 41 81
(2) Inventories fall provision or contract performance costs impairment provision
Unit: CNY/RMB
Opening Current amount increased Current amount decreased
Item Ending balance
balance Accrual Other Reversal or Other
122
深圳市深粮控股股份有限公司 2022 年半年度报告全文
write-off
Raw materials 14,841,005.00 14,841,005.00
Inventory
98,441,505.32 81,891,850.85 84,936,401.72 95,396,954.45
goods
Revolving
966,891.96 966,891.96
material
Consignment
processing 5,290,502.32 5,290,502.32
materials
Total 119,539,904.60 81,891,850.85 84,936,401.72 116,495,353.73
(3) Explanation on inventories with capitalization of borrowing costs included at ending balance
(4) Assets unsettled formed by construction contract which has completed at period-end
10. Contract assets
Unit: CNY/RMB
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Amount and reasons for the major changes of book value of contract assets in the period:
Unit: CNY/RMB
Item Amount changed Cause of change
If the bad debt provision of accrual contract is made in accordance with the general model of expected credit losses, please refer to
the disclosure of other account receivables to disclose related information about bad debt provision:
□ Applicable √Not applicable
Impairment provision of contract assets in the period
Unit: CNY/RMB
Item Current accrual Current reversal Charge off/Written-off Causes
Other explanation
11. Assets held for sale
Unit: CNY/RMB
Ending book Impairment Ending book Estimated Estimated
Item Fair value
balance provision value disposal cost disposal time
Other explanation
12. Non-current asset due within one year
Unit: CNY/RMB
Item Ending balance Opening balance
123
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Important creditors’ investment/ other creditors’ investment
Unit: CNY/RMB
Ending balance Opening balance
Item Coupon Maturity Coupon Maturity
Face value Actual rate Face value Actual rate
rate date rate date
Other explanation
13. Other current assets
Unit: CNY/RMB
Item Ending balance Opening balance
Financial product 10,000,000.00
Prepayment of taxes 1,451,416.63 1,403,832.26
Input tax to be deducted 94,674,381.15 77,054,152.64
Total 96,125,797.78 88,457,984.90
Other explanation:
14. Creditors’ investment
Unit: CNY/RMB
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Important creditors’ investment
Unit: CNY/RMB
Ending balance Opening balance
Item Face Coupon Actual Maturity Face Coupon Actual Maturity
value rate rate date value rate rate date
Accrual of impairment provision
Unit: CNY/RMB
Phase I Phase II Phase III
Expected credit losses Expected credit losses
Bad debt provision Expected credit losses for the entire duration for the entire duration Total
over next 12 months (without credit (with credit impairment
impairment occurred) occurred)
Balance of Jan. 1, 2022
in the period
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
Other explanation
124
深圳市深粮控股股份有限公司 2022 年半年度报告全文
15. Other creditors’ investment
Unit: CNY/RMB
Loss
impairment
accumulate
Change of Accumulat
d
Opening Accrual fair value Ending ed change
Item Cost recognized Note
balance interest in the balance of fair
in other
period value
comprehen
sive
income
Important other creditors’ investment
Unit: CNY/RMB
Other Ending balance Opening balance
creditor Coupon Maturity Coupon Maturity
item Face value Actual rate Face value Actual rate
rate date rate date
Accrual of impairment provision
Unit: CNY/RMB
Phase I Phase II Phase III
Expected credit losses Expected credit losses
Bad debt provision Expected credit losses for the entire duration for the entire duration Total
over next 12 months (without credit (with credit impairment
impairment occurred) occurred)
Balance of Jan. 1, 2022
in the period
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
Other explanation
16. Long-term account receivable
(1) Long-term account receivable
Unit: CNY/RMB
Ending balance Opening balance
Discount rate
Item Bad debt Bad debt
Book balance Book value Book balance Book value interval
provision provision
Impairment of bad debt provision
Unit: CNY/RMB
Phase I Phase II Phase III
Bad debt provision Total
Expected credit losses Expected credit losses Expected credit losses
125
深圳市深粮控股股份有限公司 2022 年半年度报告全文
over next 12 months for the entire duration for the entire duration
(without credit (with credit impairment
impairment occurred) occurred)
Balance of Jan. 1, 2022
in the period
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
(2) Long-term account receivable derecognition due to financial assets transfer
(3) Assets and liabilities resulted by long-term account receivable transfer and continues involvement
Other explanation
17. Long-term equity investment
Unit: CNY/RMB
Current changes (+, -)
Ending
Investm Cash
Openin Other Accrual balance
ent dividen Ending
The g Additio compre of of
Capital gains Other d or balance
investe balance nal hensive impair impair
reducti recogni equity profit Other (book
d entity (book investm income ment ment
on zed change announ value)
value) ent adjustm provisi provisi
under ced to
ent on on
equity issued
I. Joint venture
II. Associated enterprise
Shenzh
en
Duoxi
Equity
Investm -
2,782,6 2,465,9
ent 316,75
91.30 35.99
Fund 5.31
Manage
ment
Co.,
Ltd.
Zhuhai
Hengxi
-
ng Feed 31,534, 31,315,
219,33
Industri 652.77 314.63
8.14
al Co.,
Ltd.
126
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Shenlia
ng
Intellig
ent
Wulian
Equity
Investm
ent -
28,006, 27,724,
Fund 281,57
043.15 466.71
(Shenz 6.44
hen)
Partner
ship
Enterpr
ise
(Limite
d)
Shenzh
en
Shenyu
11,167, 282,58 11,449,
an Data
056.27 9.90 646.17
Tech.
Co.,
Ltd
Shenba
o
Liaoyu
an 57,628.
Investm 53
ent
Compa
ny
Shenzh
en
Shenba
o
2,870,0
(Xinmi
00.00
n)
Foods
Co.,
Ltd.*1
-
Subtota 73,490, 72,955, 2,927,6
535,07
l 443.49 363.50 28.53
9.99
127
深圳市深粮控股股份有限公司 2022 年半年度报告全文
-
73,490, 72,955, 2,927,6
Total 535,07
443.49 363.50 28.53
9.99
Other explanation
18. Other equity instrument investment
Unit: CNY/RMB
Item Ending balance Opening balance
Itemized the non-tradable equity instrument investment in the period
Unit: CNY/RMB
Causes of those
that designated
Cause of
Retained measured by
retained
earnings fair value and
Dividend earnings
Cumulative Cumulative transfer from with its
Item income transfer from
gains losses other variation
recognized other
comprehensive reckoned into
comprehensive
income other
income
comprehensive
income
Other explanation
10. Other non-current financial assets
Unit: CNY/RMB
Item Ending balance Opening balance
Debt instrument investment 80,000,000.00
Equity instrument investment 57,500.00 57,500.00
Total 80,057,500.00 57,500.00
Other explanation:
20. Investment real estate
(1) Measured at cost
√ Applicable □Not applicable
Unit: CNY/RMB
Construction in
Item House and building Land use right Total
progress
I. Original book value
1.Opening balance 583,090,328.15 583,090,328.15
2.Current amount
increased
128
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(1) Outsourcing
(2) Inventory\fixed
assets\construction in
process transfer-in
(3) Increased by
combination
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 583,090,328.15 583,090,328.15
II. Accumulated
depreciation and
accumulated
amortization
1.Opening balance 349,993,629.66 349,993,629.66
2.Current amount
7,979,780.88 7,979,780.88
increased
(1) Accrual or
7,979,780.88 7,979,780.88
amortization
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 357,973,410.54 357,973,410.54
III. Impairment
provision
1.Opening balance
2.Current amount
increased
(1) Accrual
3. Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance
IV. Book value
129
深圳市深粮控股股份有限公司 2022 年半年度报告全文
1.Ending book value 225,116,917.61 225,116,917.61
2. Opening book value 233,096,698.49 233,096,698.49
(2) Measure on fair value
□ Applicable √Not applicable
(3) Investment real estate without property certificate completed
Unit: CNY/RMB
Item Book value Reasons
Other explanation
21. Fixed assets
Unit: CNY/RMB
Item Ending balance Opening balance
Fixed assets 2,119,548,279.71 2,124,725,043.92
Fixed assets disposal 3,106,105.27 3,106,105.27
Total 2,122,654,384.98 2,127,831,149.19
(1) Fixed assets
Unit: CNY/RMB
House and Machinery Transport Electronic and
Item Total
buildings equipment equipment other equipment
I. Original book
value:
1.Opening
1,865,763,990.05 727,276,785.70 20,575,716.47 93,892,840.29 2,707,509,332.51
balance
2.Current
40,608,120.93 7,900.00 1,863,135.38 42,479,156.31
amount increased
(1) Purchase 24,420,089.59 7,900.00 1,863,135.38 26,291,124.97
(2) Construction in
progress transfer- 16,188,031.34 16,188,031.34
in
(3)
Increased by
combination
3.Current
2,247,336.74 2,673.97 142,513.94 2,392,524.65
amount decreased
(1) Disposal
2,247,336.74 2,673.97 142,513.94 2,392,524.65
or scrap
130
深圳市深粮控股股份有限公司 2022 年半年度报告全文
4.Ending
1,865,763,990.05 765,637,569.89 20,580,942.50 95,613,461.73 2,747,595,964.17
balance
II. Accumulated
depreciation
1.Opening
252,952,615.07 257,603,342.45 15,577,950.37 53,827,426.99 579,961,334.88
balance
2.Current
22,066,578.84 18,678,058.80 593,294.37 5,582,737.12 46,920,669.13
amount increased
(1) Accrual 22,066,578.84 18,678,058.80 593,294.37 5,582,737.12 46,920,669.13
3.Current
1,516,698.65 1,613.47 138,961.14 1,657,273.26
amount decreased
(1) Disposal
1,516,698.65 1,613.47 138,961.14 1,657,273.26
or scrap
4.Ending
275,019,193.91 274,764,702.60 16,169,631.27 59,271,202.97 625,224,730.75
balance
III. Impairment
provision
1.Opening
2,813,063.84 9,889.87 2,822,953.71
balance
2.Current
amount increased
(1) Accrual
3.Current
amount decreased
(1) Disposal
or scrap
4.Ending
2,813,063.84 9,889.87 2,822,953.71
balance
IV. Book value
1.Ending book
1,590,744,796.14 488,059,803.45 4,411,311.23 36,332,368.89 2,119,548,279.71
value
2. Opening
1,612,811,374.98 466,860,379.41 4,997,766.10 40,055,523.43 2,124,725,043.92
book value
(2) Temporarily idle fixed assets
Unit: CNY/RMB
Original book Accumulated Impairment
Item Book value Note
value depreciation provision
131
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(3) Fixed assets leased out by operation
Unit: CNY/RMB
Item Ending book value
(4) Fix assets without property certification held
Unit: CNY/RMB
Reasons for without the property
Item Book value
certification
House buildings 594,712,049.26 Still under processing
At present, the relevant application and
House buildings 14,873,443.16
approval procedures are being started.
Other explanation
(5) Fixed assets disposal
Unit: CNY/RMB
Item Ending balance Opening balance
Disposal of fixed assets - machinery
3,106,105.27 3,106,105.27
equipment
Total 3,106,105.27 3,106,105.27
Other explanation
13. Construction in progress
Unit: CNY/RMB
Item Ending balance Opening balance
Construction in progress 198,788,393.17 207,946,539.97
Total 198,788,393.17 207,946,539.97
(1) Construction in progress
Unit: CNY/RMB
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Dongguan
grain storage
and wharf 147,012,469.99 147,012,469.99 138,980,117.20 138,980,117.20
matching
project
Jiangxia Base
27,236,162.02 27,236,162.02 27,039,711.44 27,039,711.44
Project
132
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Installation
Project/Phase I
Project 773,845.16 773,845.16 11,405,601.69 11,405,601.69
(Shuangya
Mountain)
Pinghu Grain
Depot Phase III
Low
Temperature
Rice 8,584,169.91 8,584,169.91
Warehouse
Expansion and
Reconstruction
Project-L2
Pinghu Grain
Depot Phase III
Low
Temperature
Rice 7,637,139.21 7,637,139.21
Warehouse
Expansion and
Reconstruction
Project-L4
Cold chain
intelligent 3,645,282.94 3,645,282.94 3,645,282.94 3,645,282.94
system
CDE storage of
Dongguan
Food Industrial 2,476,401.46 2,476,401.46 1,953,288.69 1,953,288.69
Park and wharf
mating projects
Far-reaching
data technology
smart logistics
park 2,777,600.00 2,777,600.00 1,587,200.00 1,587,200.00
management
platform
project
Warehouse No.
6 Smart
Warehouse 1,175,982.45 1,175,982.45 1,175,982.45 1,175,982.45
Renovation
Project
Deep 824,660.05 824,660.05 824,660.05 824,660.05
133
深圳市深粮控股股份有限公司 2022 年半年度报告全文
processing of
Dongguan
Industry and
Trading Food
Shenbao Plaza
3,842,333.64 3,842,333.64 3,842,333.64 3,842,333.64
project
Small packing
2,369,122.03 2,369,122.03
line
Digital
construction
software
2,155,000.00 2,155,000.00
development of
Shenyuan
Digital Phase V
Other 9,245,056.81 903,189.74 8,341,867.07 6,016,576.13 903,189.74 5,113,386.39
Total 203,533,916.55 4,745,523.38 198,788,393.17 212,692,063.35 4,745,523.38 207,946,539.97
(2) Changes of major construction in progress
Unit: CNY/RMB
Includi
ng:
Propor Accum
Curren amoun Interes
Other tion of ulated
Openi t Transf t of t
decrea Ending project capital Capital
Item ng amoun er-in Progre capital capital
Budget sed in balanc invest ization resour
Name balanc t fixed ss ization ization
the e ment of ces
e increas assets of rate in
Period in interes
ed interes Period
budget t
t in
Period
Dongg
uan
grain
storag 1,242, 138,98 147,01 35,743
8,032, 77.42 77.42 848,94
e and 000,00 0,117. 2,469. ,874.2 4.36% Other
352.79 % % 0.01
wharf 0.00 20 99 1
matchi
ng
project
Deep
proces 292,00
824,66 824,66 42.00 42.00 3,552,
sing of 0,000. Other
0.05 0.05 % % 458.11
Dongg 00
uan
134
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Industr
y and
Tradin
g Food
CDE
storag
e of
Dongg
uan
Food
1,087, 86,730
Industr 1,953, 523,11 2,476, 98.50 98.50
300,00 ,568.7 Other
ial 288.69 2.77 401.46 % %
0.00 4
Park
and
wharf
mating
project
s
2,621, 141,75 150,31 126,02
8,555, 848,94
Total 300,00 8,065. 3,531. 6,901. --
465.56 0.01
0.00 94 50 06
(3) The provision for impairment of construction in progress
Unit: CNY/RMB
Item Amount accrual in the period Reasons of accrual
Other explanation
(4) Engineering material
Unit: CNY/RMB
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Other explanation
23. Productive biological asset
(1) Measured by cost
√ Applicable □Not applicable
Unit: CNY/RMB
Plant Livestock Forestry Fisheries
Item Total
Tea tree
I. Original book
135
深圳市深粮控股股份有限公司 2022 年半年度报告全文
value
1.Opening
416,771.28 416,771.28
balance
2.Current
amount increased
(1)Outsourcing
(2)self-
cultivate
3.Current
amount decreased
(1)Disposal
(2)Other
4.Ending
416,771.28 416,771.28
balance
II. Accumulated
depreciation
1.Opening
38,769.48 38,769.48
balance
2.Current
4,846.20 4,846.20
amount increased
(1)Accrual 4,846.20 4,846.20
3.Current
amount decreased
(1)Disposal
(2)Other
4.Ending
43,615.68 43,615.68
balance
III. Impairment
provision
1.Opening
balance
2.Current
amount increased
(1)Accrual
3.Current
amount decreased
(1)Disposal
136
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(2)Other
4.Ending
balance
IV. Book value
1.Ending book
373,155.60 373,155.60
value
2. Opening book
378,001.80 378,001.80
value
(2) Measured by fair value
□ Applicable √Not applicable
24. Oil and gas asset
□ Applicable √Not applicable
25. Right-of-use asset
Unit: CNY/RMB
Item House building Land use rights Total
I. Original book value
1.Opening balance 114,263,346.96 1,903,312.71 116,166,659.67
2.Current amount
950,847.20 950,847.20
increased
New leasing 950,847.20 950,847.20
3.Current amount
decreased
4.Ending balance 115,214,194.16 1,903,312.71 117,117,506.87
II. Accumulated depreciation
1.Opening balance 18,280,071.52 237,914.09 18,517,985.61
2.Current amount
10,581,369.06 118,957.03 10,700,326.09
increased
(1) Accrual 10,581,369.06 118,957.03 10,700,326.09
3.Current amount
decreased
(1) Disposal
4.Ending balance 28,861,440.58 356,871.12 29,218,311.70
III. Impairment provision
1.Opening balance
137
深圳市深粮控股股份有限公司 2022 年半年度报告全文
2.Current amount
increased
(1) Accrual
3.Current amount
decreased
(1) Disposal
4.Ending balance
IV. Book value
1.Ending book value 86,352,753.58 1,546,441.59 87,899,195.17
2. Opening book value 95,983,275.44 1,665,398.62 97,648,674.06
Other explanation:
26. Intangible assets
(1) Intangible assets
Unit: CNY/RMB
Non-
Software
Land use patent Trademar Forest use Shop use
Item Patent usage Other Total
right technolog k rights rights rights
rights
y
I.
Original
book
value
639,497,2 47,245,91 184,073.3 54,841,23 22,859,10 3,610,487 21,221,42 789,459,5
1.Openin
82.33 8.89 2 1.99 4.98 .37 2.64 21.52
g balance
2.Current 459,024.8 459,024.8
amount 7 7
increased
459,024.8 459,024.8
(1)
7 7
Purchase
(2)
internal
R&D
(3)
Increased
138
深圳市深粮控股股份有限公司 2022 年半年度报告全文
by
combinati
on
3.Current
amount
decreased
(1)
Disposal
639,497,2 47,245,91 184,073.3 55,300,25 22,859,10 3,610,487 21,221,42 789,918,5
4.Ending
82.33 8.89 2 6.86 4.98 .37 2.64 46.39
balance
II.
Cumulati
ve
amortizati
on
111,897,1 29,421,16 134,532.7 15,904,70 6,944,583 1,525,322 7,543,227 173,370,7
1.Openin
60.87 8.19 6 5.80 .32 .61 .73 01.28
g balance
2.Current 7,810,964 714,367.5 3,773,555 386,431.8 1,884,095 14,629,29
5,875.08 54,002.70
amount .96 6 .06 0 .41 2.57
increased
7,810,964 714,367.5 3,773,555 386,431.8 1,884,095 14,629,29
(1) 5,875.08 54,002.70
.96 6 .06 0 .41 2.57
Accrual
3.Current
amount
decreased
(1)
Disposal
119,708,1 30,135,53 140,407.8 19,678,26 7,331,015 1,579,325 9,427,323 187,999,9
4.Ending
25.83 5.75 4 0.86 .12 .31 .14 93.85
balance
III.
139
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Impairme
nt
provision
5,553,283 1,130,341 6,683,625
1.Openin
.54 .88 .42
g balance
2.Current
amount
increased
(1)
Accrual
3.Current
amount
decreased
(1)
Disposal
5,553,283 1,130,341 6,683,625
4.Ending
.54 .88 .42
balance
IV. Book
value
1.Ending 519,789,1 11,557,09 34,491,65 15,528,08 2,031,162 11,794,09 595,234,9
43,665.48
book 56.50 9.60 4.12 9.86 .06 9.50 27.12
value
2.
Opening 527,600,1 12,271,46 37,806,18 15,914,52 2,085,164 13,678,19 609,405,1
49,540.56
book 21.46 7.16 4.31 1.66 .76 4.91 94.82
value
Ratio of the intangible assets from internal R&D in balance of intangible assets at period-end
(2) Land use rights without certificate of ownership
Unit: CNY/RMB
Reasons for without the property
Item Book value
certification
Land use right 7,849,990.00 Still under processing
140
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Other explanation:
27. Expense on Research and Development
Unit: CNY/RMB
Current amount increased Current amount decreased
Internal Confirmed Transfer to
Opening Ending
Item developme as current
balance Other balance
nt intangible profit and
expenditure assets loss
Z2210401;
Z2210101 326,306.90 326,306.90
project
Total 326,306.90 326,306.90
Other explanation
28. Goodwill
(1) Original book value
Unit: CNY/RMB
The invested Current increased Current decreased
entity or
Opening Formed by
matters Ending balance
balance business Dispose
forming
combination
goodwill
Wuhan
Jiacheng
1,953,790.56 1,953,790.56
Biotechnology
Co., Ltd.
Yunnan Pu’er
Tea Trading
673,940.32 673,940.32
Center Co.,
Ltd.
Total 2,627,730.88 2,627,730.88
(2) Goodwill impairment provision
Unit: CNY/RMB
The invested Current increased Current decreased
entity or
Opening
matters Ending balance
balance Accrual Dispose
forming
goodwill
141
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Yunnan Pu’er
Tea Trading
673,940.32 673,940.32
Center Co.,
Ltd.
Total 673,940.32 673,940.32
Relevant information about the assets group or portfolio goodwill included
Instructions for goodwill impairments test process and key parameters (such as the forecast period growth rate,
stable period growth rate, profit rate, discount rate, and forecast period when estimating the present value of the
future cash flow), and the method of confirming the impairment loss of goodwill:
Impact of goodwill impairment test
Other explanation
29. Long-term expenses to be apportioned
Unit: CNY/RMB
Current amount Current
Item Opening balance Other decreased Ending balance
increased amortization
Improve
expenditure for fix 14,283,062.63 450,179.21 2,046,251.80 12,686,990.04
assets
Decoration fee 9,235,428.02 751,329.99 1,168,987.24 8,817,770.77
Improve
expenditure for
283,138.77 19,087.98 264,050.79
investment real
estate
Affiliated project
of resident area in
70,356.31 13,191.78 57,164.53
Wuyuan
Jufangyong
Other 4,923,220.72 125,500.00 719,037.55 4,329,683.17
Total 28,795,206.45 1,327,009.20 3,966,556.35 26,155,659.30
Other explanation
30. Deferred income tax asset /Deferred income tax liabilities
(1) Deferred income tax assets without offset
Unit: CNY/RMB
Ending balance Opening balance
Item Deductible temporary Deferred income tax Deductible temporary Deferred income tax
differences asset differences asset
Impairment provision
63,091,518.23 15,132,426.76 62,056,367.05 15,139,642.20
for assets
Unrealized profits in 2,845,136.63 426,770.49 2,250,127.31 337,519.10
142
深圳市深粮控股股份有限公司 2022 年半年度报告全文
internal transactions
Deductible loss 2,383,937.40 357,590.61 2,383,937.40 357,590.61
Credit impairment loss 99,746,216.18 24,680,944.35 99,371,735.40 24,694,673.56
Total 168,066,808.44 40,597,732.21 166,062,167.16 40,529,425.47
(2) Deferred income tax liability without offset
Unit: CNY/RMB
Ending balance Opening balance
Item Taxable temporary Deferred income tax Taxable temporary Deferred income tax
differences liabilities differences liabilities
Asset evaluation
increment of enterprise
60,330,328.86 13,661,333.11 61,157,763.69 13,868,191.82
combine under
different control
Total 60,330,328.86 13,661,333.11 61,157,763.69 13,868,191.82
(3) Deferred income tax assets and deferred income tax liabilities listed after off-set
Unit: CNY/RMB
Ending balance of Trade-off between the Opening balance of
Trade-off between the
deferred income tax deferred income tax deferred income tax
Item deferred income tax
assets or liabilities assets and liabilities at assets or liabilities
assets and liabilities
after off-set period-begin after off-set
Deferred income tax
40,597,732.21 40,529,425.47
asset
Deferred income tax
13,661,333.11 13,868,191.82
liabilities
(4) Details of uncertain deferred income tax assets
Unit: CNY/RMB
Item Ending balance Opening balance
Deductible temporary differences 150,364,591.83 155,064,630.67
Deductible loss 262,976,172.93 254,117,581.76
Total 413,340,764.76 409,182,212.43
(5) Deductible losses of un-recognized deferred income tax assets expired on the followed year
Unit: CNY/RMB
Year Ending amount Opening amount Note
Other explanation
143
深圳市深粮控股股份有限公司 2022 年半年度报告全文
31. Other non-current asset
Unit: CNY/RMB
Ending balance Opening balance
Item Book Impairment Book Impairment
Book value Book value
balance provision balance provision
1,329,101. 1,329,101.
Prepaid for equipment 596,301.00 596,301.00
00 00
4,701,190. 4,701,190. 4,602,630. 4,602,630.
Prepaid for system
87 87 58 58
5,297,491. 5,297,491. 5,931,731. 5,931,731.
Total
87 87 58 58
Other explanation:
32. Short-term loans
(1) Category
Unit: CNY/RMB
Item Ending balance Opening balance
Guaranteed Loan 5,000,000.00 1,500,000.00
Loan in credit 720,635,087.73 503,266,782.25
Total 725,635,087.73 504,766,782.25
Explanation on category of short-term loans:
(2) Overdue short-term loans without payment
RMB 0 short-term loans over due without paid at period-end, including follow major amount:
Unit: CNY/RMB
Borrower Ending balance Loan rate Overdue time Overdue interest
Other explanation
33. Tradable financial liability
Unit: CNY/RMB
Item Ending balance Opening balance
Including:
Including:
Other explanation
34. Derivative financial liability
Unit: CNY/RMB
Item Ending balance Opening balance
144
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Other explanation
35. Note payable
Unit: CNY/RMB
Category Ending balance Opening balance
Notes expired at year-end without paid was 0 Yuan.
36. Account payable
(1) Account payable
Unit: CNY/RMB
Item Ending balance Opening balance
Trade accounts payable 339,539,462.40 154,756,781.25
Account payable for engineering 213,373,487.06 271,692,014.89
Other 1,935,229.97 457,873.57
Total 554,848,179.43 426,906,669.71
(2) Major accounts payable with age over one year
Unit: CNY/RMB
Item Ending balance Reasons of outstanding or carry-over
Other explanation
37. Accounts received in advance
(1) Accounts received in advance
Unit: CNY/RMB
Item Ending balance Opening balance
Other 8,440,204.85 2,379,891.67
Total 8,440,204.85 2,379,891.67
(2) Important account received in advance with account age over one year
Unit: CNY/RMB
Item Ending balance Reasons of outstanding or carry-over
Other explanation
38. Contract liabilities
Unit: CNY/RMB
Item Ending balance Opening balance
145
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Sales price 83,531,467.12 182,972,314.85
Total 83,531,467.12 182,972,314.85
Amount and reasons for important changes of book value in the period
Unit: CNY/RMB
Item Amount changed Reasons of changes
39. Wage payable
(1) Wage payable
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance
I. Short-term
302,581,812.37 158,075,025.42 229,833,716.93 230,823,120.86
compensation
II. After-service
welfare-defined 17,397,568.50 12,007,617.69 17,295,092.95 12,110,093.24
contribution plans
III. Dismissed welfare 726,674.60 1,324,436.60 1,324,436.60 726,674.60
Total 320,706,055.47 171,407,079.71 248,453,246.48 243,659,888.70
(2) Short-term compensation
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance
1. Wage, bonus,
295,270,793.56 137,398,476.17 208,775,279.00 223,893,990.73
allowance and subsidy
2. Employees’ welfare 396,756.42 6,993,908.40 7,390,664.82
3. Social insurance
349,682.30 3,250,914.47 3,426,137.14 174,459.63
charges
Including:
medical insurance 314,270.80 2,969,056.31 3,127,418.60 155,908.51
premium
Industrial injury
6,181.14 102,660.70 106,094.62 2,747.22
insurance premiums
Maternity
29,230.36 179,197.46 192,623.92 15,803.90
insurance premiums
4. Housing public
8,245,811.07 7,824,092.21 421,718.86
reserve
5. Trade union fee and
6,564,580.09 2,185,915.31 2,417,543.76 6,332,951.64
education fee
Total 302,581,812.37 158,075,025.42 229,833,716.93 230,823,120.86
146
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(3) Defined contribution plans
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance
1. Basic endowment
9,014,786.61 8,841,985.53 172,801.08
insurance premiums
2. Unemployment
8,702.95 100,023.75 104,654.11 4,072.59
insurance premiums
3. Enterprise annuity 17,388,865.55 2,892,807.33 8,348,453.31 11,933,219.57
Total 17,397,568.50 12,007,617.69 17,295,092.95 12,110,093.24
Other explanation:
40. Taxes payable
Unit: CNY/RMB
Item Ending balance Opening balance
VAT 4,683,262.98 5,394,516.81
Enterprise income tax 16,598,156.90 75,860,781.94
Personal income tax 16,086,239.75 2,264,416.73
Urban maintenance and construction tax 215,257.06 247,110.08
House property tax 5,688,062.47 1,310,817.90
Deed tax 664,227.84 664,227.84
Stamp tax 262,711.31 648,290.86
Use tax of land 794,772.27 214,536.03
Educational surtax 180,191.99 203,981.23
Other 84,910.90 4,908.73
Total 45,257,793.47 86,813,588.15
Other explanation:
41. Other account payable
Unit: CNY/RMB
Item Ending balance Opening balance
Dividend payable 2,933,690.04 2,933,690.04
Other account payable 376,576,997.70 373,673,508.95
Total 379,510,687.74 376,607,198.99
(1) Interest payable
Unit: CNY/RMB
Item Ending balance Opening balance
Major overdue interest:
Unit: CNY/RMB
Borrower Overdue amount Overdue causes
147
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Other explanation
(2) Dividend payable
Unit: CNY/RMB
Item Ending balance Opening balance
Common stock dividend 2,933,690.04 2,933,690.04
Total 2,933,690.04 2,933,690.04
Other explanation, including important dividend payable over one year without payment, disclose reasons for
un-paid:
(3) Other account payable
1) By nature
Unit: CNY/RMB
Item Ending balance Opening balance
Engineering quality retention money and
963,863.07 1,436,175.56
fund of tail
Deposit and margin 114,423,319.31 134,841,365.60
Intercourse funds and other 225,376,359.53 201,486,678.66
Drawing expenses in advance 35,813,455.79 35,909,289.13
Total 376,576,997.70 373,673,508.95
2) Significant other account payable with over one year age
Unit: CNY/RMB
Item Ending balance Reasons of outstanding or carry-over
Other explanation
42. Liability held for sale
Unit: CNY/RMB
Item Ending balance Opening balance
Other explanation
43. Non-current liabilities due within one year
Unit: CNY/RMB
Item Ending balance Opening balance
Long-term loans due within one year 100,942,021.51 108,955,105.34
Lease liabilities due within one year 11,890,508.04 19,777,369.82
Total 112,832,529.55 128,732,475.16
Other explanation:
148
深圳市深粮控股股份有限公司 2022 年半年度报告全文
44. Other current liabilities
Unit: CNY/RMB
Item Ending balance Opening balance
VAT payable 1,764,823.46 4,367,576.91
Total 1,764,823.46 4,367,576.91
Change of short-term bonds payable:
Unit: CNY/RMB
Premiu
Accrual m and
Openin Issued Paid in
Face Issuanc Bonds Amoun interest discoun Ending
Bonds g in the the
value e date term t issued by face t balance
balance period period
value amortiz
ation
Total
Other explanation: nil
45. Long-term loans
(1) Category
Unit: CNY/RMB
Item Ending balance Opening balance
Mortgage + guarantee 624,310,269.81 730,521,692.22
Total 624,310,269.81 730,521,692.22
Explanation on category of long-term loans:
Other explanation, including interest rate range:
46. Bonds payable
(1) Bonds payable
Unit: CNY/RMB
Item Ending balance Opening balance
(2) Changes of bonds payable (not including the other financial instrument of preferred stock and
perpetual capital securities that classify as financial liability)
Unit: CNY/RMB
Accrual Premiu
Openin Issued Paid in
Face Issuanc Bonds Amoun interest m and Ending
Bonds g in the the
value e date term t issued by face discoun balance
balance period period
value t
149
深圳市深粮控股股份有限公司 2022 年半年度报告全文
amortiz
ation
Total ——
(3) Convertible conditions and time for shares transfer for the convertible bonds
(4) Other financial instruments classify as financial liability
Basic information of the outstanding preferred stock and perpetual capital securities at period-end
Changes of outstanding preferred stock and perpetual capital securities at period-end
Unit: CNY/RMB
Outstandin Period-beginning Current increased Current decreased Period-end
g financial
Amount Book value Amount Book value Amount Book value Amount Book value
instrument
Basis for financial liability classification for other financial instrument
Other explanation
47. Lease liability
Unit: CNY/RMB
Item Ending balance Opening balance
Lease Payments 99,431,195.96 110,058,216.03
Unrecognized financing charges -8,200,090.85 -10,107,102.46
Lease liabilities due within one year -11,890,508.04 -19,777,369.82
Total 79,340,597.07 80,173,743.75
Other explanation
48. Long-term account payable
Unit: CNY/RMB
Item Ending balance Opening balance
Special account payable 17,445,737.26 17,266,921.98
Total 17,445,737.26 17,266,921.98
(1) By nature
Unit: CNY/RMB
Item Ending balance Opening balance
Other explanation
150
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(2) Special account payable
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance Causes
Depreciation fund
16,277,275.98 28,437.28 16,305,713.26
for grain deposits
Shenzhen Hospital
Phase III Housing
Expropriation 989,646.00 150,378.00 1,140,024.00
Property Rights
Exchange
Total 17,266,921.98 178,815.28 17,445,737.26
Other explanation:
49. Long-term wage payable
(1) Long-term wage payable
Unit: CNY/RMB
Item Ending balance Opening balance
(2) Changes of defined benefit plans
Present value of the defined benefit plans:
Unit: CNY/RMB
Item Current Period Last Period
Scheme assets:
Unit: CNY/RMB
Item Current Period Last Period
Net liability (assets) of the defined benefit plans
Unit: CNY/RMB
Item Current Period Last Period
Content of defined benefit plans and relevant risks, impact on future cash flow of the Company as well as times
and uncertainty:
Major actuarial assumption and sensitivity analysis:
Other explanation
50. Accrual liabilities
Unit: CNY/RMB
Item Ending balance Opening balance Causes
External guarantee 3,500,000.00 3,500,000.00 See explanation for details
151
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Total 3,500,000.00 3,500,000.00 --
Other explanation, including relevant important assumptions and estimation:
Note: According to the civil judgment made by the Shenzhen Intermediate People’s Court, in the disputes over
loan contract between Changzhou Shenbao Chacang Electronic Commerce Co., Ltd. and Shenzhen Agricultural
Products Financing Guarantee Co., Ltd., the Company shall assume joint and several liabilities for repayment of
the debts of Changzhou Shenbao Chacang Electronic Commerce Co., Ltd. within the scope of 3.5 million yuan.
51. Deferred income
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance Causes
Government
subsidy related to 93,129,536.68 6,048,603.76 87,080,932.92
assets
Total 93,129,536.68 6,048,603.76 87,080,932.92
Item with Government subsidy involved:
Unit: CNY/RMB
Amount
Amount Cost
New grants reckoned in Assets-
Opening reckoned in reduction Other Ending
Liability in the non- related/inco
balance other in the changes balance
Period operation me related
income period
revenue
Intelligent
manageme
nt of grain Assets-
266,666.52 100,000.02 166,666.50
depot based related
on mobile
internet
Special
funds for
intelligent
upgrading
and
6,287,083.3 5,809,583.4 Assets-
transformat 477,499.98
9 1 related
ion of grain
warehouse
“Grain
Safety
Project”
Governmen
t central
6,219,714.5 3,633,373.4 2,586,341.1 Assets-
governmen
8 4 4 related
t grant
funds
152
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Base of
further
processing Assets-
274,999.96 137,500.02 137,499.94
for tea and related
nature
plants
Special
fund for the
developme
nt of
2,485,265.7 2,309,661.2 Assets-
strategic 175,604.52
5 3 related
emerging
industries
in
Shenzhen
Industrializ
ation of 1,494,799.0 1,396,576.0 Assets-
98,222.94
instant tea 3 9 related
powder
Enterprise
technology
center is a
municipal
R&D
center.
1,375,227.4 1,273,215.2 Assets-
Subsidies 102,012.24
9 5 related
for
industrial
technologic
al
advanceme
nt
Grant for
key
technology
research
Assets-
and 110,276.21 7,122.48 103,153.73
related
industrializ
ation of
instant tea
powder
Constructio
Assets-
n amount 124,999.90 62,500.02 62,499.88
related
for 50 tons
153
深圳市深粮控股股份有限公司 2022 年半年度报告全文
for clearly
processing
for
Mingyou
tea
Subsidy for
supply
system
Assets-
constructio 150,000.00 100,000.00 50,000.00
related
n of
agricultural
products
Constructio
n of O2O
community
sales
service
system for
1,679,875.0 1,663,536.0 Assets-
high 16,339.04
8 4 related
quality
grain and
oil based
on B2C E-
commerce
platform
Industrializ
ation of
Assets-
Doximi E- 241,860.58 241,860.58
related
commerce
platform
Grain
storage
project of
Dongguan 7,455,646.4 7,324,517.9 Assets-
131,128.56
Shenliang 7 1 related
Logistics
Co., Ltd. -
Storage A
Phase II of
grain
storage 29,874,797. 29,359,147. Assets-
515,650.26
project of 96 70 related
Dongguan
Shenliang
154
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Logistics
Co., Ltd.-
Storage B
Grain, oil
and food
headquarter
s and
innovative
public 18,000,000. 18,000,000. Assets-
service 00 00 related
platform of
Dongguan
Shenliang
Logistics
Co., Ltd.
Constructio
n of
450000 ton
silos and
60000 ton 17,088,323. 16,838,534. Assets-
249,789.66
film silos - 76 10 related
CDE
warehouse.
Gas storage
bin
93,129,536. 6,048,603.7 87,080,932.
Total
68 6 92
Other explanation:
52. Other non-current liabilities
Unit: CNY/RMB
Item Ending balance Opening balance
Other explanation
53. Share capital
Unit: CNY/RMB
Increased (decreased) in this period (+, -)
Shares
Opening Ending
New shares converted
balance Bonus shares Other Subtotal balance
issued from public
reserve
Total shares 1,152,535,25 1,152,535,25
155
深圳市深粮控股股份有限公司 2022 年半年度报告全文
4.00 4.00
Other explanation:
54. Other equity instrument
(1) Basic information of the outstanding preferred stock and perpetual capital securities at period-end
(2) Changes of outstanding preferred stock and perpetual capital securities at period-end
Unit: CNY/RMB
Outstandin Period-beginning Current increased Current decreased Period-end
g financial
Amount Book value Amount Book value Amount Book value Amount Book value
instrument
Changes of other equity instrument, change reasons and relevant accounting treatment basis:
Other explanation
55. Capital public reserve
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance
Capital premium
(Share capital 1,250,743,274.79 1,250,743,274.79
premium)
Other capital reserve 8,896,381.86 8,896,381.86
Total 1,259,639,656.65 1,259,639,656.65
Other instructions, including changes in the current period, reasons for the change:
56. Treasury stock
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance
Other explanation, including changes and reasons for changes:
57. Other comprehensive income
Unit: CNY/RMB
Current Period
Less: Less:
written in written in
Account Belong to Belong to
Opening other other Ending
Item before Less : income parent minority
balance comprehen comprehen balance
income tax tax expense company after shareholders
sive sive
in the period tax after tax
income in income in
previous previous
156
深圳市深粮控股股份有限公司 2022 年半年度报告全文
period and period and
carried carried
forward to forward to
gains and retained
losses in earnings in
current current
period period
Other explanation, including the active part of the hedging gains/losses of cash flow transfer to initial
reorganization adjustment for the arbitraged items:
58. Reasonable reserve
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance
Production safety fee 723,692.27 723,692.27
Total 723,692.27 723,692.27
Other explanation, including changes and reasons for changes:
58. Surplus public reserve
Unit: CNY/RMB
Item Opening balance Current increased Current decreased Ending balance
Statutory surplus
405,575,490.42 405,575,490.42
reserves
Total 405,575,490.42 405,575,490.42
Other explanation, including changes and reasons for changes:
60. Retained profit
Unit: CNY/RMB
Item Current period Last period
Retained profit at the end of the previous year
1,812,541,701.27 1,637,536,441.03
before adjustment
Total retained profit at the beginning of the
1,812,541,701.27 1,637,536,441.03
previous year before adjustment
Add: net profit attributable to shareholder of
237,527,782.93 428,720,226.09
parent company
Less: withdrawal of legal surplus reserve 23,207,915.05
Common stock dividends payable 288,133,813.50 230,507,050.80
Retained profit at period-end 1,761,935,670.70 1,812,541,701.27
Details about adjusting the retained profits at the beginning of the period:
1) The retroactive adjustments to Accounting Standards for Business Enterprises and its relevant new
regulations affect the retained profits at the beginning of the period amounting to 0 Yuan.
2) The changes in accounting policies affect the retained profits at the beginning of the period amounting to 0
157
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Yuan.
3) The major accounting error correction affects the retained profits at the beginning of the period amounting to
0 Yuan
4) Merge scope changes caused by the same control affect the retained profits at the beginning of the period
amounting to 0 Yuan.
5) Other adjustments affect the retained profits at the beginning of the period amounting to 0 Yuan
61. Operating income and operating cost
Unit: CNY/RMB
Current period Last period
Item
Income Cost Income Cost
Main business 4,337,091,078.42 3,774,554,176.15 5,259,568,275.95 4,649,191,683.41
Other business 953,449.93 1,271,449.66 2,620,904.58 1,205,387.26
Total 4,338,044,528.35 3,775,825,625.81 5,262,189,180.53 4,650,397,070.67
Information relating to revenue:
Unit: CNY/RMB
Category Branch 1 Branch 2 Total
Product Types
Including:
Classification by
business area
Including:
Market or customer
type
Including:
Contract Types
Including:
Classification by time
of goods transfer
Including:
Classification by
contract duration
Including:
Classification by sales
channel
158
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Including:
Total
Information relating to performance obligations:
Nil
Information related to the transaction price apportioned to the remaining performance obligations:
The amount of income corresponding to the performance obligations that have been signed at the end of this
reporting period but have not yet been fulfilled or have not done with fulfillment is 83,531,467.12 yuan, among
them, 83,531,467.12 yuan of revenue is expected to be recognized in 1, yuan of revenue is expected to be
recognized in YEAR, and yuan of revenue is expected to be recognized in YEAR.
Other explanation
62. Tax and surcharges
Unit: CNY/RMB
Item Current period Last period
Consumption tax 895,956.94 544,486.02
Urban maintenance and construction tax 679,527.61 411,731.33
House property tax 5,248,155.88 4,225,156.71
Use tax of land 1,110,186.75 945,095.60
Vehicle and vessel use tax 11,504.16 8,953.20
Stamp duty 1,098,343.62 826,252.63
Other 6,810.95 7,604.36
Total 9,050,485.91 6,969,279.85
Other explanation:
63. Sales expenses
Unit: CNY/RMB
Item Current Period Last Period
Labor and social security benefits 50,753,585.91 40,890,403.82
Port terminal fee 716,873.62 17,962,250.33
Warehousing, loading and unloading fees 1,731,511.87 15,646,124.52
Depreciation and amortization of long-
6,945,867.51 6,730,728.23
term assets
Equivalent loss for low value perishable
1,795,020.01 2,408,636.91
goods
Utilities and office expenses 5,073,994.09 2,848,894.71
After-sale services 5,310,993.88 2,359,846.00
Rental fee 2,387,092.62 2,942,783.48
Advertisement charge 444,896.32 790,841.41
Travel expenses 489,966.51 1,101,872.85
Business hospitality expenses 600,487.33 799,812.28
159
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Property insurance premium 412,474.71 631,971.43
Logistics transportation fee 1,016,601.52 2,180,760.95
Sales commission 231,142.82 230,219.20
Automobile expenses 98,335.07 296,086.85
Other 1,322,237.90 8,890,543.80
Total 79,331,081.69 106,711,776.77
Other explanation:
64. Administration expenses
Unit: CNY/RMB
Item Current Period Last Period
Labor and social security benefits 87,350,621.59 74,829,904.07
Depreciation and amortization of long-
19,952,461.81 12,401,821.37
term assets
Office expenses 5,602,580.56 5,946,658.73
Intermediary agency fee 3,139,405.86 3,127,140.25
Rental 310,642.57 2,049,677.28
Travel expenses 403,109.35 721,643.56
Communication fee 707,182.05 602,782.52
Business hospitality 413,778.48 776,421.99
Vehicle usage fee 492,876.00 458,887.95
Relocation and shutdown costs 412,506.76 419,391.74
Repair cost 183,270.55 311,482.72
Low-value consumables 84,958.94 66,494.16
Other 6,578,147.22 7,603,787.31
Total 125,631,541.74 109,316,093.65
Other explanation:
65. R&D expenses
Unit: CNY/RMB
Item Current Period Last Period
Labor and social security benefits 6,716,359.32 7,052,838.34
Depreciation cost 1,998,043.41 2,141,451.05
Logistics consumption 592,590.41 350,852.23
Travel expenses 139,106.57 350,496.63
Maintenance and inspection fee 102,772.23 190,595.59
Office expenses 362,891.74 559,237.89
Intermediary fees 62,832.83 18,883.02
Automobile expenses 199.50 27,522.00
Other 162,381.76 234,141.40
Total 10,137,177.77 10,926,018.15
160
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Other explanation:
66. Financial expenses
Unit: CNY/RMB
Item Current period Last period
Interest expenses 27,256,521.87 15,362,400.04
Less: Interest income 1,233,894.54 765,002.68
Exchange loss -335,848.25 152,194.11
Other 2,322,849.37 2,455,183.05
Total 28,009,628.45 17,204,774.52
Other explanation:
67. Other income
Unit: CNY/RMB
Sources Current period Last period
Government subsidies related to asset
Government subsidies related to income
Collectively deduction for input tax 258,853.31 294,887.24
Withholding personal income tax
287,394.38 321,549.63
handling fee
Direct VAT exemption 7,091.04 199.68
Government subsidy 7,465,486.58 4,275,292.75
Other 11,418.67
Total 8,030,243.98 4,891,929.30
68. Investment income
Unit: CNY/RMB
Item Current period Last period
Long-term equity investment income
-535,079.99 440,179.67
measured by equity
Income from financial products 3,573,445.74 3,061,191.63
Total 3,038,365.75 3,501,371.30
Other explanation:
69. Net exposure hedge gains
Unit: CNY/RMB
Item Current Period Last Period
Other explanation
161
深圳市深粮控股股份有限公司 2022 年半年度报告全文
70. Income of fair value changes
Unit: CNY/RMB
Sources Current period Last period
Tradable financial assets 221,889.46 288,972.32
Total 221,889.46 288,972.32
Other explanation:
71. Credit impairment loss
Unit: CNY/RMB
Item Current period Last period
Loss of bad debt of other account
5,099.80 46,004.50
receivable
Loss of bad debt of account receivable 240,756.21 -11,847.13
Total 245,856.01 34,157.37
Other explanation:
72. Assets impairment loss
Unit: CNY/RMB
Item Current period Last period
II. Inventory price drop loss and contract
-81,499,450.86 -111,448,173.12
performance cost impairment loss
Total -81,499,450.86 -111,448,173.12
Other explanation:
73. Income from assets disposal
Unit: CNY/RMB
Sources Current period Last period
Profit and loss on disposal of non current
8,318.64
assets
Total 8,318.64
74. Non-operating income
Unit: CNY/RMB
Amount included in the
Item Current period Last period current non-recurring profit
and loss
Government subsidy 84,111.74 3,879.42 84,111.74
Profit 91,006.38
Other 358,293.46 1,532,816.76 358,293.46
162
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Liquidated damages
690,612.11 690,612.11
compensation income
Total 1,133,017.31 1,627,702.56 1,133,017.31
Government subsidy reckoned into current gains/losses:
Unit: CNY/RMB
Whether
the impact
of
Whether Assets
Issuing Issuing Property subsidies Amount of Amount of
Grants special related/Inc
subject cause type on the this period last period
subsidies ome related
current
profit and
loss
Other explanation:
75. Non-operating expenditure
Unit: CNY/RMB
Amount included in the
Item Current period Last period current non-recurring profit
and loss
External donations 39,545.29 150,397.26 39,545.29
Inventory loss 6,532.18
Loss of scrap from non-
6,686.73 19,868.54 6,686.73
current assets
Other 20,901.95 226,366.32 20,901.95
Total 67,133.97 403,164.30 67,133.97
Other explanation:
76. Income tax expense
(1) Income tax expense
Unit: CNY/RMB
Item Current period Last period
Current income tax expenses 3,110,846.12 13,716,643.86
Deferred income tax expenses -152,179.71 -309,289.30
Total 2,958,666.41 13,407,354.56
(2) Adjustment process of accounting profit and income tax expenses
Unit: CNY/RMB
Item Current period
Total profit 241,161,774.66
163
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Income tax expenses calculated by statutory tax rate 60,290,443.67
Impact from different tax rate apply with the subsidiary -45,564.86
Effect of adjusting income tax in the previous period -12,917,232.17
Impact of non taxable income -91,450,323.76
Impact on cost, expenses and losses that unable to deducted 26,924,970.14
Impact of the deductible loss on deferred income tax assets not
-2,174,080.47
recognized in the prior period of use
Unrecognized impacts of deductible temporary differences or
22,330,453.86
deductible losses on deferred income tax assets in the period
Income tax expenses 2,958,666.41
Other explanation
77. Other comprehensive income
Found more in annotations
78. Annotation of cash flow statement
(1) Cash received with other operating activities concerned
Unit: CNY/RMB
Item Current period Last period
Intercourse funds and deposit 966,296,334.99 501,614,298.48
Government subsidy 1,500,994.56 6,664,197.50
Interest income 1,233,894.54 765,002.68
Other 21,683,507.64
Total 969,031,224.09 509,043,498.66
Note of cash paid with other operating activities concerned:
(2) Cash paid with other operating activities concerned
Unit: CNY/RMB
Item Current period Last period
Intercourse funds and deposit 983,321,525.67 506,989,695.21
Operating daily expenses 38,737,048.77 80,962,607.92
Other 7,805,198.84 4,025,352.26
Total 1,029,863,773.28 591,977,655.39
Note of cash paid with other operating activities concerned:
(3) Cash received with other investment activities concerned
Unit: CNY/RMB
Item Current period Last period
Other 154.49 54,336.41
164
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Total 154.49 54,336.41
Note of cash received with other investment activities concerned:
(4) Cash paid related with investment activities
Unit: CNY/RMB
Item Current period Last period
Other 928.80 109,602.00
Total 928.80 109,602.00
Note of cash paid related with investment activities:
(5) Cash received with other financing activities concerned
Unit: CNY/RMB
Item Current Period Last Period
Note of cash received with other financing activities concerned:
(6) Other cash paid related with financing activities
Unit: CNY/RMB
Item Current period Last period
Operating lease rent paid 9,528,424.77
Total 9,528,424.77
Note of other cash paid related with financing activities:
79. Supplementary information to statement of cash flow
(1) Supplementary information to statement of cash flow
Unit: CNY/RMB
Supplementary information Current period Last period
1. Net profit adjusted to cash flow of
operation activities:
Net profit 238,203,108.25 245,757,926.43
Add: Impairment provision for assets 81,253,594.85 111,414,015.75
Depreciation of fixed assets, consumption
of oil assets and depreciation of productive 54,905,296.21 39,826,096.31
biology assets
Depreciation of right-of-use assets 10,700,326.09 8,663,657.57
Amortization of intangible assets 14,629,292.57 13,380,523.65
Amortization of long-term pending
3,966,556.35 9,959,152.51
expenses
Loss from disposal of fixed assets,
-570.00 -8,318.64
intangible assets and other long-term
165
深圳市深粮控股股份有限公司 2022 年半年度报告全文
assets (income is listed with “-”)
Losses on scrapping of fixed assets
6,686.73 19,868.54
(income is listed with “-“)
Loss from change of fair value (income is
-221,889.46 -288,972.32
listed with “-“)
Financial expenses (income is listed with
26,920,673.62 15,500,789.85
“-”)
Investment loss (income is listed with “-”) -3,038,365.75 -3,501,371.30
Decrease of deferred income tax assets
-68,306.74 -102,430.60
(increase is listed with “-”)
Decrease of deferred income tax asset
-206,858.71 -206,858.70
((increase is listed with “-”)
Decrease of inventory (increase is listed
-233,168,543.50 -713,312,219.22
with “-”)
Decrease of operating receivable accounts
99,277,098.55 -557,180,868.53
(increase is listed with “-”)
Increase of operating payable accounts
-32,784,596.20 138,806,857.37
(decrease is listed with “-”)
Other
Net cash flow arising from operating
260,373,502.86 -691,272,151.33
activities
2. Material investment and financing not
involved in cash flow
Conversion of debt into capital
Switching Company bonds due
within one year
financing lease of fixed assets
3. Net change of cash and cash
equivalents:
Balance of cash at period end 71,460,681.82 68,774,083.11
Less: Balance of cash at year-begin 49,370,080.20 190,494,225.94
Add: Balance at year-end of cash
equivalents
Less: Balance at year-begin of cash
equivalents
Net increasing of cash and cash
22,090,601.62 -121,720,142.83
equivalents
(2) Net cash paid for obtaining subsidiary in the Period
Unit: CNY/RMB
Amount
Including:
Including:
166
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Including:
Other explanation
(3) Net cash received by disposing subsidiary in the Period
Unit: CNY/RMB
Amount
Including:
Including:
Including:
Other explanation
(4) Constitution of cash and cash equivalent
Unit: CNY/RMB
Item Ending balance Opening balance
I. Cash 71,460,681.82 49,370,080.20
Including: Cash on hand 67,892.44 29,370.19
Bank deposit available for payment
70,821,643.50 49,133,969.39
at any time
Other monetary fund available for
571,145.88 206,740.62
payment at any time
III. Balance of cash and cash equivalent
71,460,681.82 49,370,080.20
at period-end
Other explanation:
80. Notes of changes of owners’ equity
Explain the name and adjusted amount in “Other” at end of last period:
81. Assets with ownership or use right restricted
Unit: CNY/RMB
Item Ending book value Reasons for restriction
Monetary fund 1,000,000.00 Guarantee deposit
According to the long-term loan
mortgage contract signed by Dongguan
Logistics, a subsidiary of the Company,
with Shenzhen Branch of Agricultural
Fix assets 354,690,060.54
Development Bank and Huizhou
Zhongkai Sub-branch of HSBC,
Dongguan Logistics has subordinate
mortgaged the real estate property rights
167
深圳市深粮控股股份有限公司 2022 年半年度报告全文
of the structures of Yue (2020)
Dongguan Property Right No. 0127118,
Yue (2020) Dongguan Property Right
No. 0127119, Yue (2020) Dongguan
Property Right No. 0127120, and Yue
(2020) Dongguan Property Right
No.0119705 at No. 10, Jingang South
Road, Machong Town, Dongguan City
and other aground buildings as collateral
for the loan.
According to the long-term loan
mortgage contract signed by Dongguan
Logistics, a subsidiary of the Company,
with Shenzhen Branch of Agricultural
Development Bank and Huizhou
Zhongkai Sub-branch of HSBC,
Dongguan Logistics has subordinate
mortgaged the real estate property rights
of the structures of Yue (2020)
Intangible assets 34,607,208.17
Dongguan Property Right No. 0127118,
Yue (2020) Dongguan Property Right
No. 0127119, Yue (2020) Dongguan
Property Right No. 0127120, and Yue
(2020) Dongguan Property Right
No.0119705 at No. 10, Jingang South
Road, Machong Town, Dongguan City
and other aground buildings as collateral
for the loan.
According to the loan contract Yue
DG2017 NGDZ No. 006 signed by
International Food, a subsidiary of the
Company, with Bank of
Communications Co., Ltd., Dongguan
Branch, International Food has
Intangible assets 32,555,832.71
mortgaged its two pieces of land "DFGY
(2009) DT No. 190" and "Yue (2020)
Dongguan Real Estate Right No.
0321771" to the Bank of
Communications Co., Ltd., Dongguan
Branch as loan collateral.
Total 422,853,101.42
Other explanation:
168
深圳市深粮控股股份有限公司 2022 年半年度报告全文
82. Foreign currency monetary items
(1) Foreign currency monetary items
Unit: CNY/RMB
Ending foreign currency Ending RMB balance
Item Convert rate
balance converted
Monetary fund 5,737,909.01
Including: USD 730,773.66 6.6889 4,888,071.93
EURO 97,084.20 6.9881 678,434.10
HKD 201,106.39 0.8523 171,402.98
Account receivable 3,342,927.74
Including: USD 471,883.03 6.6889 3,156,378.40
EURO
HKD 218,877.55 0.8523 186,549.34
Long-term loans
Including: USD
EURO
HKD
Other explanation:
(2) Explanation on foreign operational entity, including as for the major foreign operational entity,
disclosed main operation place, book-keeping currency and basis for selection; if the book-keeping
currency changed, explain reasons
□ Applicable √Not applicable
83. Hedging
Disclosed hedging items and relevant hedging instrument based on hedging’s category, disclosed qualitative
and quantitative information for the arbitrage risks:
84. Government subsidy
(1) Government subsidy
Unit: CNY/RMB
Amount reckoned into current
Category Amount Item
gains/losses
Government subsidy related
87,080,932.92 Deferred income 6,048,603.76
to assets
169
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Government subsidy related
1,416,882.82 Other income 1,416,882.82
to income
Government subsidy related
84,111.74 Non-operating income 84,111.74
to income
(2) Government subsidies rebate
□ Applicable √Not applicable
Other explanation
85. Other
VIII. Changes of consolidation range
1. Enterprise merger not under the same control
(1) Enterprise merger not under the same control
Unit: CNY/RMB
Income of Net profit
Standard to
Acquired acquiree of acquiree
Time point Cost of Ratio of determine
way Equity Purchasing from from
Acquiree for equity equity equity the
obtained date purchasing purchasing
obtained obtained obtained purchasing
way date to date to
date
period-end period-end
Other explanation
(2) Combination cost and goodwill
Unit: CNY/RMB
Consolidation cost
--Cash
--Fair value of non-cash assets
--Fair value of debts issued or assumed
--Fair value of equity securities issued
-- Fair value of contingent consideration
--Fair value of the equity prior to the purchasing date
--Other
Total combination cost
Less: shares of fair value of identifiable net assets acquired
Goodwill/merger cost is less than the shares of fair value of
identifiable net assets acquired
Determination method for fair value of the combination cost and contingent consideration and changes:
Main reasons for large goodwill resulted:
Other explanation:
170
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(3) Identifiable assets and liability on purchasing date under the acquiree
Unit: CNY/RMB
Fair value on purchasing date Book value on purchasing date
Assets:
Monetary funds
Account receivable
Inventory
Fix assets
Intangible assets
Liability:
Loan
Account payable
Deferred tax liabilities
Net assets
Less: Minority interests
Net assets acquired
Determination method for fair value of the identifiable assets and liabilities:
Contingent liability of the acquiree bear during combination:
Other explanation
(4) Gains or losses arising from re-measured by fair value for the equity held before purchasing date
Whether it is a business combination realized by two or more transactions of exchange and a transaction of
obtained control rights in the Period or not
□Yes √No
(5) On purchasing date or period-end of the combination, combination consideration or fair value of
identifiable assets and liability for the acquiree are un-able to confirm rationally
(6) Other explanation
2. Combine under the same control
(1) Enterprise combined under the same control in the Period
Unit: CNY/RMB
Equity ratio Basis of Standard to Income of Net profit Income of Net profit
obtained in combined Combinatio determine the of the the of the
Acquiree
combinatio under the n date the combined combined combined combined
n same combinatio party from party from party party
171
深圳市深粮控股股份有限公司 2022 年半年度报告全文
control n date period- period- during the during the
begin of begin of comparison comparison
combinatio combinatio period period
n to the n to the
combinatio combinatio
n date n date
Other explanation
(2) Combination cost
Unit: CNY/RMB
Consolidation cost
--Cash
-- Book value of non-cash assets
- Book value of debts issued or assumed
-- The face value of the equity securities issued
--Contingent consideration
Explanation on contingent consideration and its changes:
Other explanation:
(3) Book value of the assets and liability of the combined party on combination date
Unit: CNY/RMB
Consolidation date End of last period
Assets:
Monetary funds
Account receivable
Inventory
Fix assets
Intangible assets
Liability:
Loan
Account payable
Net assets
Less: Minority interests
Net assets acquired
Contingent liability of the combined party bear during combination:
Other explanation
172
深圳市深粮控股股份有限公司 2022 年半年度报告全文
3. Reverse purchase
Basic transaction information, basis of counter purchase, whether making up business due to the assets and
liability reserved by listed company and basis, determination of combination cost, amount and calculation on
adjusted equity by equity transaction:
4. Disposal Subsidiary
Whether there is a subsidiary disposal on one time, which is loss control of rights
□Yes √No
Whether there is a subsidiary disposal by steps through multiple trading and loss control of rights in the period
□Yes √No
5. Other reasons for consolidation range changed
Consolidation scope changes caused by other reasons (eg, newly establish subsidiaries, liquidate subsidiaries, etc.)
and the related circumstances:
In the reporting period, subsidiary Shenzhen Shenbao Technology Center Co., Ltd was consolidated by subsidiary
Shenbao Huacheng, new enterprise established including Zhenping Market Operation Tech. Co., Ltd. and
Shenliang Hongli Grain & Oil (Shenzhen) Co., Ltd.
6. Other
IX. Equity in other entity
1. Equity in subsidiary
(1) Constitute of enterprise group
Main place of Registration Share-holding ratio
Subsidiary Business nature Acquired way
operation place Directly Indirectly
Combine under
Grain & oil
SZCG Shenzhen City Shenzhen City 100.00% the same
trading
control
Combine under
Hualian Grain Grain & oil
Shenzhen City Shenzhen City 100.00% the same
& Oil trading
control
Combine under
Flour
Shenzhen Flour Shenzhen City Shenzhen City 100.00% the same
processing
control
Shenliang Combine under
Quality Shenzhen City Shenzhen City Inspection 100.00% the same
Inspection control
173
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Combine under
Hainan Grain Feed
Haikou City Haikou City 100.00% the same
and Oil production
control
Combine under
Doximi Shenzhen City Shenzhen City E-commerce 100.00% the same
control
Sales and
Combine under
processing of
Big Kitchen Shenzhen City Shenzhen City 70.00% the same
grain ,oil and
control
products
Combine under
Yingkou
Yingkou City Yingkou City Storage 100.00% the same
Storage
control
Fresh food Combine under
Cold-Chain
Shenzhen City Shenzhen City management 100.00% the same
Logistic
on-line control
Real estate
Combine under
Shenliang development
Shenzhen City Shenzhen City 100.00% the same
Property and property
control
management
Combine under
International Dongguan Dongguan Port operation,
100.00% the same
Food City City food production
control
Combine under
Dongguan Dongguan Dongguan Food
100.00% the same
Grain and Oil City City production
control
Combine under
Dongguan Dongguan Dongguan Storage,
49.00% 51.00% the same
Logistics City City logistics
control
Construction of
food base and
Combine under
Shuangyashan Shuangyashan development of
Shuangyashan 51.00% the same
City City related
control
complementary
facility
Shenliang
Shenzhen City Shenzhen City Catering 51.00% Establishment
Hongjun
Dongguan Dongguan Dongguan Grain and oil
100.00% Establishment
Hualian City City trade
Shenliang Property
Shenzhen City Shenzhen City 100.00% Establishment
Property management
Shenbao
Shenzhen City Shenzhen City Manufacturing 100.00% Establishment
Huacheng
Wuyuan Shangrao City Shangrao City Manufacturing 100.00% Establishment
174
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Jufangyong
Huizhou
Huizhou City Huizhou City Comprehensive 100.00% Establishment
Shenbao
Shenbao Investment
Shenzhen City Shenzhen City 100.00% Establishment
Investment management
Shenbao Tea Commercial
Shenzhen City Shenzhen City 100.00% Establishment
Culture trade
Ju Fang Yong Wholesale
Hangzhou City Hangzhou City 60.00% Establishment
Trading business
Ju Fang Yong
Hangzhou City Hangzhou City Comprehensive 100.00% Establishment
Holding
Fuhaitang Catering
Hangzhou City Hangzhou City 100.00% Establishment
Catering industry
Tea planting, Combine not
Fuhaitang
Hangzhou City Hangzhou City production and 100.00% under the same
Ecological
sales control
Shenbao Rock
Wuyishan City Wuyishan City Manufacturing 100.00% Establishment
Tea
Pu'er Tea Wholesale
Pu’er City Pu’er City 100.00% Establishment
Supply Chain business
Pu’er Tea Service
Pu’er City Pu’er City 55.00% Establishment
Trading Center industry
Shenliang Food Huizhou City Shenzhen City Manufacturing 100.00% Establishment
Huizhou Wholesale
Huizhou City Huizhou City 100.00% Establishment
Shenliang Food business
Platform
Zhenpin construction,
Shenzhen City Shenzhen City 51.00% Establishment
Market promotion and
operation
Shenbao
Wholesale
Industry & Huizhou City Shenzhen City 100.00% Establishment
business
Trade
Combine not
Wuhan Food
Wuhan City Wuhan City 51.00% under the same
Jiacheng production
control
Combine not
Food
Hubei Jiacheng Wuhan City Wuhan City 51.00% under the same
production
control
Combine not
Food
Wuhan Hongqu Wuhan City Wuhan City 51.00% under the same
production
control
Combine not
Macheng Food
Macheng City Macheng City 51.00% under the same
Jingtian production
control
175
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Hongli Grain Investment
Shenzhen City Shenzhen City 100.00% Establishment
and Oil management
Explanation on share-holding ratio in subsidiary different from ratio of voting right:
Basis for controlling the invested entity with half or below voting rights held and without controlling invested
entity but with over half and over voting rights:
Major structured entity included in consolidates statement:
Basis of termination of agent or consignor:：
Other explanation:
(2) Important non-wholly-owned subsidiary
Unit: CNY/RMB
Gains/losses Dividend announced to
Share-holding ratio of Ending equity of
Subsidiary attributable to minority distribute for minority
minority minority
in the Period in the Period
Big Kitchen 30.00% 744,634.71 5,072,663.05
Explanation on holding ratio different from the voting right ratio for minority shareholders:
Other explanation：
(3) Main finance of the important non-wholly-owned subsidiary
Unit: CNY/RMB
Ending balance Opening balance
Curren Non Curren Non
Subsid Non Total Non Total
Curren Total t current Curren Total t current
iary current liabiliti current liabiliti
t assets assets liabiliti liabiliti t assets assets liabiliti liabiliti
assets es assets es
es es es es
Big 177,71 182,65 164,46 165,74 159,52 165,01 149,31 150,58
4,938, 1,279, 5,490, 1,279,
Kitche 3,127. 2,099. 3,970. 3,222. 6,005. 6,347. 0,334. 9,586.
971.57 252.02 342.50 252.02
n 91 48 63 65 38 88 72 74
Unit: CNY/RMB
Current Period Last Period
Total Cash flow Total Cash flow
Subsidiary Operating comprehen from Operating comprehen from
Net profit Net profit
revenue sive operation revenue sive operation
income activity income activity
Big 129,580,96 2,482,115.6 2,482,115.6 155,498,64 5,975,836.6
-45,524.08
Kitchen 5.22 9 9 7.91 460,798.48 460,798.48 8
Other explanation
176
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(4) Significant restrictions on the use of enterprise group assets and pay off debts of the enterprise group
(5) Financial or other supporting offers to the structured entity included in consolidated financial
statement
Other explanation
2. Transaction that has owners equity shares changed in subsidiary but still with controlling rights
(1) Owners equity shares changed in subsidiary
(2) Impact on minority’s interest and owners’ equity attributable to parent company
Unit: CNY/RMB
Purchase cost/disposal consideration
--Cash
--Fair value of non-cash assets
Purchase cost/total disposal consideration
Less: Subsidiary's share of net assets calculated based on the
proportion of acquired/disposed equity
Difference
Including: Adjust the capital reserve
Adjusted surplus reserve
Adjusted undistributed profit
Other explanation
3. Equity in joint venture and associated enterprise
(1) Important joint venture or associated enterprise
Share-holding ratio Accounting
treatment on
Joint
Main place of Registration investment for
venture/Associ Business nature
operation place Directly Indirectly joint venture
ated enterprise
and associated
enterprise
Zhuhai
Hengxing Feed Aquatic fee and
Zhuhai Zhuhai 40.00% Equity method
Industrial Co., animal fee
Ltd.
Shenliang Equity
Intelligent Shenzhen Shenzhen investment; 49.02% Equity method
Wulian Equity investment
177
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Investment consultant
Fund
(Shenzhen)
Partnership
Enterprise
(Limited)
Description of the percentage of shareholding in joint ventures or associates different from the percentage of
voting rights:
Has major influence with less 20% voting rights hold, or has minor influence with over 20% (20% included)
voting rights hold:
(2) Main financial information of the important joint venture
Unit: CNY/RMB
Ending balance/Current Period Opening balance/Last Period
Current assets
Including: cash and cash equivalent
Non current assets
Total assets
Current liabilities
Non current liabilities
Total liabilities
Minority's interest
Shareholders' equity attributable to the
parent company
Share of net assets calculated by
shareholding ratio
Adjustment items
--Goodwill
--Unrealized profit of internal trading
-- Other
Book value of equity investment in joint
venture
Fair value of the equity investment of
joint ventures with public offers
concerned
Operating income
Financial expenses
Income tax expenses
Net profit
Net profit of discontinuing operation
Other comprehensive income
Total comprehensive income
178
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Dividends received from joint venture in
the year
Other explanation
(3) Main financial information of the important associated enterprise
Unit: CNY/RMB
Ending balance/Current Period Opening balance/Last Period
Shenliang Intelligent Shenliang Intelligent
Wulian Equity Wulian Equity
Zhuhai Hengxing Feed Zhuhai Hengxing Feed
Investment Fund Investment Fund
Industry Co., Ltd. Industry Co., Ltd.
(Shenzhen) Partnership (Shenzhen) Partnership
Enterprise (Limited) Enterprise (Limited)
Current assets 210,390,264.04 20,304,410.64 109,747,137.54 20,142,644.00
Non current assets 25,644,502.33 36,755,628.56 26,046,337.28 36,989,582.89
Total assets 236,034,766.37 57,060,039.20 135,793,474.82 57,132,226.89
Current liabilities 160,829,908.06 510,000.00 56,918,240.71
Non current liabilities 399,384.69 445,371.69
Total liabilities 161,229,292.75 510,000.00 57,363,612.40
Minority's interest
Equity attributable to
shareholder of parent 74,805,473.62 56,550,039.20 78,429,862.42 57,132,226.89
company
Share of net assets
measured by 29,922,189.45 27,720,829.22 31,371,944.97 28,006,217.62
shareholding
Adjustment 1,393,125.18 3,637.49 162,707.80 -174.47
--Goodwill
--Unrealized profit of
internal trading
-- Other 1,393,125.18 3,637.49 162,707.80 -174.47
Book value of equity
investment in 31,315,314.63 27,724,466.71 31,534,652.77 28,006,043.15
associated enterprise
Fair value of the equity
investment of
associated enterprise
with public offers
concerned
Operating income 348,236,616.85 342,054,335.50
Net profit -548,345.35 -574,411.34 1,430,282.78 -223,409.89
Net profit of
179
深圳市深粮控股股份有限公司 2022 年半年度报告全文
discontinuing operation
Other comprehensive
income
Total comprehensive
-548,345.35 -574,411.34 1,430,282.78 -223,409.89
income
Dividends received
from associated
enterprise in the year
Other explanation
(4) Financial summary for non-important Joint venture and associated enterprise
Unit: CNY/RMB
Ending balance/Current Period Opening balance/Last Period
Joint venture:
Amount based on share-holding ratio
Associated enterprise:
Total book value of investment 13,915,582.16 13,949,747.57
Amount based on share-holding ratio
--Net profit -34,165.41 224,696.61
--Total comprehensive income -34,165.41 224,696.61
Other explanation
(5) Major limitation on capital transfer ability to the Company from joint venture or associated
enterprise
(6) Excess loss occurred in joint venture or associated enterprise
Unit: CNY/RMB
Un-recognized losses not
Joint venture/Associated Cumulative un-recognized recognized in the Period (or Cumulative un-recognized
enterprise losses net profit enjoyed in the losses at period-end
Period)
Changzhou Shenbao Chacang
9,515,140.28 9,515,140.28
E-business Co., ltd.
Shenzhen Shichumingmen
Catering Management Co., 4,815,325.70 4,815,325.70
Ltd.
Other explanation
180
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(7) Unconfirmed commitment with joint venture investment concerned
(8) Intangible liability with joint venture or affiliates investment concerned
4. Major conduct joint operation
Main place of Shareholding ratio/ shares enjoyed
Name Registration place Business nature
operation Directly In-directly
Share-holding ratio or shares enjoyed different from voting right ratio:
If the co-runs entity is the separate entity, basis of the co-runs classification:
Other explanation
5. Structured body excluding in consolidate financial statement
Explanation:
6. Other
X. Disclosure of risks relating to financial instruments
Our business operation makes the Company exposed to various financial risks: credit risk, liquidity risk and
market risk (mainly refers to exchange rate risk, interest risk and other price risk).
The Company disperses the risk of financial instruments through appropriate diversified investment and business
portfolio, and reduces the risk concentrating on a single industry, specific region or specific counter party by
formulating corresponding risk management policies.
1. Credit risk
Credit risk refers to the risk of a financial loss caused by the counter party’s failure to fulfill its contractual
obligations.
Credit risks of the Company arises mainly from monetary funds, note receivable, account receivable, other
receivable, debt investments, financial guarantee contracts , the debt instrument investments measured at fair
value and with its variation reckoned in current gain/loss that are not included in the scope of impairment
assessment and derivative financial assets, etc. As at the balance sheet date, the carrying value of the financial
assets represented its maximum exposure to credit risk;
Monetary funds of the Company are mainly the bank deposits placed with reputable state-owned banks and other
larger and medium-sized listed banks with high credit ratings, we believes that it is not exposed to significant
credit risks and will hardly incur significant losses due to the bank defaults.
Furthermore, for bill receivable, account receivables and other account receivables, the Company establishes
relevant policies to control exposure of credit risk. The Company appraises customers’ credit quality based on
their financial position, possibility to obtain guarantee from third parties, credit history and other factors such as
181
深圳市深粮控股股份有限公司 2022 年半年度报告全文
prevailing market conditions, and set corresponding credit terms. Customers’ credit history would be regularly
monitored by the Company. For those customers who have bad credit history, the Company will call collection in
written form, shorten credit term or cancel credit term to ensure its overall credit risk is under control.
As of 30 June 2022, the account receivable from top five customers accounted for 23.14% of the Company’s total
account receivable.
The maximum credit risk exposure equals to the carrying value of each financial asset in balance sheet (including
derivative financial instrument). The Company has not provided any guarantee which would otherwise make the
Company exposed to credit risk except for the financial guarantee carried in Note “X. Related party and related
transaction”
2. Liquidity risk
Liquidity risk refers to the risk that a company will run short of funds to meet its obligations settled by delivering
cash or other financial assets.
It is the Company’s policy to ensure that sufficient cash is available to meet debt obligations as they fall due.
Liquidity risk is centrally controlled by the Company’s finance department. By monitoring cash balances, readily
realizable marketable securities, and rolling forecasts of cash flows for the next 12 months, the finance department
ensures that the company has sufficient funds to service its debts under all reasonable forecasts. In addition, it
continues to monitor whether borrowing agreement is complied with, and seeks for commitment from major
financial institutions for provision of sufficient back-up fund, so as to satisfy capital requirement in a short and
long term.
3. Market risk
The market risk of financial instruments refers to the risk that the fair value or future cash flows of financial
instruments will fluctuate due to changes in market prices, including exchange rate risk, interest rate risk and other
price risks.
(1) Interest risk
Interest rate risk refers to the risk that the fair value or future cash flows of financial instruments will fluctuate due
to changes in market interest rates.
Interest-bearing financial instruments with fixed rates and floating rates expose the Company to fair value interest
rate risk and cash flow interest rate risk, respectively. The Company determines the ratio of fixed interest rate
instruments to floating interest rate instruments according to the market environment, and maintains an
appropriate portfolio of fixed and floating interest rate instruments through regular review and monitoring. When
necessary, the Company will use interest rate swap instruments to hedge interest rate risk.
182
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(2) Exchange rate risk
Exchange rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to
the changes in foreign exchange rates.
The Company continuously monitors the foreign currency transactions and the scale of foreign currency assets
and liabilities to minimize foreign exchange risks. In addition, the company may also sign forward foreign
exchange contracts or currency swap contracts to avoid exchange rate risks. During the current period and the
previous period, the Company did not sign any forward foreign exchange contracts or currency swap contracts.
(3) Other price risk
Other price risk refers to the risk that the fair value or future cash flow of financial instruments will fluctuate due
to changes in market prices other than exchange rate risk and interest rate risk.
Other price risk of the Company arises mainly from investment in various types of equity instruments and is
exposed to the risks of changes in the prices of equity instruments.
XI. Disclosure of fair value
1. Ending fair value of the assets and liabilities measured by fair value
Unit: CNY/RMB
Ending fair value
Item
First-order Second-order Third-order Total
I. Sustaining measured
-- -- -- --
by fair value
(i) Trading financial
1,142,988.73 71,205,396.28 72,348,385.01
assets
1.Financial assets
measured by fair value
and with variation 1,142,988.73 71,205,396.28 72,348,385.01
reckoned into current
gains/losses
(2) Equity instrument
1,142,988.73 1,142,988.73
investment
(2) Other 71,205,396.28 71,205,396.28
Total assets
continuously measured 81,142,988.73 71,262,896.28 152,405,885.01
at fair value
II. Non-persistent
-- -- -- --
measure
183
深圳市深粮控股股份有限公司 2022 年半年度报告全文
2. Recognized basis for the market price sustaining and non-persistent measured by fair value on first-
order
3. Valuation technique and qualitative and quantitative information on major parameters for the fair
value measure sustaining and non-persistent on second-order
4. Valuation technique and qualitative and quantitative information on major parameters for the fair
value measure sustaining and non-persistent on third-order
5. Adjustment information and sensitivity analysis of unobservable parameters for the fair value measure
sustaining and non-persistent on third-order
6. Sustaining items measured by fair value, as for the conversion between at all levels, reasons for
conversion and policy for conversion time point
7. Changes of valuation technique in the Period
8. Financial assets and liability not measured by fair value
9. Other
XII. Related party and related transactions
1. Parent company
Ratio of Ratio of voting
Parent company Registration place Business nature Registered capital shareholding on right on the
the Company Company
Investing in
industry,
Shenzhen Food
development,
Materials Group Shenzhen 5000 million Yuan 63.79% 63.79%
operation and
Co., Ltd
management of
the own property
Explanation on parent company of the enterprise
Ultimate controller of the Enterprise is Shenzhen Municipal People’s Government State-owned Assets
Supervision & Administration Commission。
Other explanation:
2. Subsidiary
Subsidiary of the Company found more in Note IX-Equity in other entity
184
深圳市深粮控股股份有限公司 2022 年半年度报告全文
3. Joint venture and associated enterprise
Important joint venture and associated enterprise of the Company found more in the in Note V-22- Long-term
equity investment
Other cooperative enterprise and joint venture that have related transaction with the Company in the Period or
occurred in previous period:
Joint venture/Associated enterprise Relationship with the Enterprise
Other explanation
4. Other related party
Other related party Relationship with the Enterprise
Shenzhen Agricultural Products Group Co., Ltd Holding subsidiary of parent company
Shenzhen Shenliang Cold Transport Co., Ltd. Holding subsidiaries of the Company's associates
Former shareholder of the Company, Controlled by the same
Shenzhen Investment Holdings Co., Ltd.
ultimate controlling party
Former shareholder of the Company, Controlled by the same
Shenzhen Investment Management Co., Ltd.
ultimate controlling party
Yao Jicheng Minority shareholder of controlling subsidiary
Subsidiary of the shareholders of the Company, Controlled by
Zhanjiang Haitian Aquatic Feed Co., Ltd.
the same ultimate controlling party
Shenzhen Higreen International Agricultural Products Logistic
Holding subsidiary of parent company
Management Co., Ltd
Huizhou Higreen Agricultural Products International Logistics
Holding subsidiary of parent company
Co., Ltd.
Guangxi Higreen Agricultural Products International Logistics
Holding subsidiary of parent company
Co., Ltd.
Shenzhen Shennong Kitchen Co., Ltd Holding subsidiary of parent company
Shenzhen Zhenchu Supply Chain Co., Ltd. Holding subsidiary of parent company
Shenzhen Medical Materials Co., Ltd. Holding subsidiary of parent company
Shenzhen Shennong Land Co., Ltd. Holding subsidiary of parent company
Zhanjiang Changshan (Shenzhen) Ecological Aquaculture Co.,
Wholly-owned subsidiary of parent company
Ltd
Other explanation
5. Related transaction
(1) Goods purchasing, labor service providing and receiving
Goods purchasing/labor service receiving
Unit: CNY/RMB
Related Whether more than
Approved
Related party transaction Current Period the transaction limit Last Period
transaction limit
content (Y/N)
185
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Shenzhen
Warehousing
Shenliang Cold
Services/Transp 114,204.50 114,204.50 Y 25,982.95
Transport Co.,
ortation services
Ltd.
Shenzhen
Information
Shenyuan Data
software 1,332,904.42 1,332,904.42 Y 18,675,417.45
Technology Co.,
development
ltd.
Shenzhen Food
Management
Materials Group 20,809.52
service fee
Co., Ltd
Goods sold/labor service providing
Unit: CNY/RMB
Related party Related transaction content Current period Last period
Shenzhen Duoxi Equity
Grain and oil sales, tea
Investment Fund 18,984.00 11,320.74
sales, cleaning services
Management Co., Ltd.
Shenzhen Agricultural
Grain and oil sales 13,870.00
Products Group Co., Ltd
Grain and oil sales,
Shenzhen Shenliang Cold
warehousing services, tea 5,046.48 125,643.48
Transport Co., Ltd.
sales
Shenzhen Shennong Kitchen
Grain and oil sales, tea sales 555,498.00 251,262.00
Co., Ltd
Shenzhen Shenyuan Data
Grain and oil sales 20,080.40
Tech. Co., Ltd
Shenzhen Food Materials Grain and oil sales, asset
1,465,053.67 62,894.66
Group Co., Ltd management, tea sales
Shenzhen Zhenchu Supply Grain and oil sales,
11,179,507.33
Chain Co., Ltd. transportation services
Explanation on goods purchasing, labor service providing and receiving
(2) Related trusteeship management/contract & entrust management/ outsourcing
Trusteeship management/contract:
Unit: CNY/RMB
Managed
Managed
earnings
Entrusting earnings
Client/Contract Trustee/assets confirmed in
party/Contracto Trustee /start Trustee /ends /pricing of the
-out party contract the period /
r contract
contract
earnings
earnings
Related managed/contract:
Entrusted management/outsourcing:
186
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Unit: CNY/RMB
Managed
Managed
earnings
Entrusting earnings
Client/Contra Trustee/asset confirmed in
party/Contrac Trustee /start Trustee /ends /pricing of
ct-out party s contract the period /
tor the contract
contract
earnings
earnings
Related management/ outsourcing:
(3) Related lease
As a lessor for the Company:
Unit: CNY/RMB
Lease income recognized in Lease income recognized last
Lessee Assets type
the Period Period
Shenzhen Shenyuan Data
Operating site 275,094.00
Tech. Co., Ltd
Shenzhen Duoxi Equity
Investment Fund Office space 135,996.00
Management Co., Ltd.
As lessee:
Unit: CNY/RMB
rental cost for
Variable lease
short-term leases
payment not
and low-value Interest expenses
included in the Right-of-use assets
assets leases with Rental paid assumed on lease
Assets measurement of increased
Lessor simplified liability
type leasing liability (if
processing (if
applicable)
applicable)
Current Last Current Last Current Last Current Last Current Last
Period Period Period Period Period Period Period Period Period Period
Explanation on related lease
(4) Related guarantee
As guarantor
Unit: CNY/RMB
Whether the guarantee
Secured party Guarantee amount Guarantee start date Guarantee expiry date
has been fulfilled
Changzhou Shenbao
Chacang E-business 3,500,000.00 December 20, 2011 No
Co., ltd.
As secured party
Unit: CNY/RMB
Guarantor Guarantee amount Guarantee start date Guarantee expiry date Whether the guarantee
187
深圳市深粮控股股份有限公司 2022 年半年度报告全文
has been fulfilled
Explanation on related guarantee
(5) Related party’s borrowed funds
Unit: CNY/RMB
Related party Borrowing amount Starting date Maturity date Note
Borrowing
Lending
(6) Related party’s assets transfer and debt reorganization
Unit: CNY/RMB
Related party Related transaction content Current Period Last Period
(7) Remuneration of key manager
Unit: CNY/RMB
Item Current Period Last Period
(8) Other related transaction
6. Receivable and payable of related party
(1) Receivable item
Unit: CNY/RMB
Ending balance Opening balance
Item Related party
Book balance Bad debt provision Book balance Bad debt provision
Account
receivable
Shenzhen
Shenliang Cold 104,263.95 1,149.36 116,476.25 1,149.36
Transport Co., Ltd.
Shenzhen
Shennong Kitchen 143,430.00 1,152.08 115,208.00 1,152.08
Co., Ltd
Shenzhen Food
Materials Group 19,856.00 286.32 28,632.00 286.32
Co., Ltd
Shenzhen
Agricultural
2,790.00
Products Group
Co., Ltd
188
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Guangxi Higreen
Agricultural
Products 18,624.00 186.24
International
Logistics Co., Ltd.
Huizhou Higreen
Agricultural
Products 18,624.00 37,248.00 372.48
International
Logistics Co., Ltd.
Shenzhen
Shennong Land 14,744.00 147.44
Co., Ltd.
Shenzhen Medical
2,328.00 23.28
Materials Co., Ltd.
Shenzhen Zhenchu
Supply Chain Co., 4,795,268.91 58,748.80 5,874,880.36 58,748.80
Ltd.
Shenzhen
Shenyuan Data 5,940.00 59.40
Tech. Co., Ltd
Other account
receivable
Shenzhen
Shenliang Cold 10,000.00
Transport Co., Ltd.
Shenzhen Higreen
International
Agricultural
50,000.00 50,000.00
Products Logistic
Management Co.,
Ltd
Zhanjiang
Changshan
(Shenzhen)
5,520.00 5,520.00 5,520.00 5,520.00
Ecological
Aquaculture Co.,
Ltd
Shenzhen
Shenyuan Data 57,000.00 300.00 30,000.00 300.00
Tech. Co., Ltd
Changzhou
Shenbao Chacang 24,608,742.46 22,187,644.18 24,608,742.46 22,187,644.18
E-business Co.,
189
深圳市深粮控股股份有限公司 2022 年半年度报告全文
ltd.
Shenzhen
Shichumingmen
Catering 2,092,477.67 990,192.72 2,092,477.67 990,192.72
Management Co.,
Ltd.
Shenzhen
Investment 415,644.52 415,644.52
Holdings Co., Ltd.
Shenzhen Food
Materials Group 1,001,000.00 1,000.00
Co., Ltd
Yao Jicheng 46,985.88 480.00 48,000.00 480.00
(2) Payable item
Unit: CNY/RMB
Item Related party Ending book balance Opening book balance
Dividend payable
Shenzhen Investment
2,690,970.14 2,690,970.14
Management Co., Ltd.
Accounts payable
Shenzhen Shenyuan Data
485,080.53
Tech. Co., Ltd
Other account payable
Shenzhen Shenliang Cold
2,790.00 102,790.00
Transport Co., Ltd.
Shenzhen Food Materials
146,173,941.72 146,162,941.72
Group Co., Ltd
Zhanjiang Changshan
(Shenzhen) Ecological 8,030,954.17
Aquaculture Co., Ltd
Shenzhen Duoxi Equity
Investment Fund 41,486.00
Management Co., Ltd.
Shenzhen Shichumingmen
Catering Management Co., 209,275.00
Ltd.
Shenzhen Investment
3,510,297.20
Management Co., Ltd.
Shenzhen Shenyuan Data
561,200.00 2,000,330.53
Tech. Co., Ltd
Zhanjiang Haitian Aquatic
20,000.00
Feed Co., Ltd.
190
深圳市深粮控股股份有限公司 2022 年半年度报告全文
7. Related party commitment
8. Other
XIII. Share-based payment
1. Overall situation of share-based payment
□ Applicable √ Not applicable
2. Share-based payment settled by equity
□ Applicable √ Not applicable
3. Share-based payment settled by cash
□ Applicable √ Not applicable
4. Modification and termination of share-based payment
Nil
5. Other
XIV. Commitment or contingency
1. Important commitments
Important commitments on balance sheet date
The Company has no important commitments that need to disclosed up to 30 June 2022.
2. Contingency
(1) Contingency on balance sheet date
1.1 Lawsuits
(1) The sales and purchase contract disput between Hualian Company and Zhuhai Doumen Huabi Trading Co.,
Ltd
Concerning the Hualian Company (plaintiff) bring a suit against Zhuhai Huabi (defendant), the People’s Court of
Shenzhen Luohu District has made the first instance effective judgment in 2007: 1. The defendant should repay
the plaintiff payment for goods of 2,396,300 yuan; 2. The defendant should pay the plaintiff liquidated damages of
239,600 yuan; 3. Court acceptance fee of 33,200 yuan should be borne by the defendant.
In 2005, Zhuhai Huabi stopped production and its legal representative was arrested by the public security organs.
191
深圳市深粮控股股份有限公司 2022 年半年度报告全文
It was found that Zhuhai Huabi had been cancelled.
As of the date of the audit report, Hualian Company has set aside 100.00% of bad debt reserves for the receivables
of 2,396,300 yuan from Zhuhai Huabi.
(2) Disputes over import agency contract among SZCG, Hualian Company and Guangzhou Jinhe Feed Co., Ltd.,
Huang Xianning
In the case of the plaintiff SZCG and Hualian Company versus the defendant Guangzhou Jinhe and Huang
Xianning over the import and export agency contract disputes, the Futian District People’s Court made the first-
instance judgment in 2015: 1. The defendant Guangzhou Jinhe should pay a total of 10,237,400 yuan to SZCG
and Hualian Company within 10 days from the effective date of the judgment; 2. If it fails to perform its
pecuniary obligations within the period specified by the judgment, it shall pay double the interest on the debt for
the delayed in performance in accordance with Article 253 of the Civil Procedure Law of the People’s Republic of
China; 3. The case acceptance fee of 83,200 yuan shall be borne by Guangzhou Jinhe.
As Guangzhou Jinhe dissatisfied with the above-mentioned first-instance judgment, it appealed to the Shenzhen
Intermediate People's Court. On March 30, 2017, the Shenzhen Intermediate People's Court issued a second-
instance judgment, which rejected the appeal of Guangzhou Jinhe and upheld the original judgment. Subsequently,
SZCG and Hualian Company applied to the Court of first instance for the enforcement.
As of the date of the audit report, the case is currently still being executed, and the other party has not paid any
money. SZCG has made a provision for bad debts at a rate of 100.00% for the receivable payment of 10,455,600
yuan from Guangzhou Jinhe.
According to the "Letter of Commitment from Shenzhen Fude State Capital Operation Co., Ltd. on the Pending
Litigation of Shenzhen Cereals Group Co., Ltd.", Shenzhen Fude State Capital Operation Co., Ltd. (now renamed
Shenzhen Food Materials Group Co., Ltd.) will bear the compensation or losses caused by the lawsuit on its
behalf for any claims, compensation, losses or expenditures caused by the disputes over import agency contract
among SZCG and its holding subsidiaries with Guangzhou Jinhe and Huang Xianning.
(3) Contract disputes between Hualian Company and Foshan Shunde Huaxing Feed Factory
In August and October 2007, Hualian Company sold products to Huaxing Feed Factory and received commercial
acceptance bills totaling 2,958,600 yuan. Due to the company’s failure to repay the overdue payment, Hualian
Company filed a lawsuit with the Shunde District People’s Court of Foshan City on October 29, 2007, requesting
Huaxing Feed Factory to repay the payment and pay the corresponding interest. From June to July 2011, a total of
1,638,900 yuan of the company’s bankruptcy assets was recovered. As of the date of the audit report, Hualian
Company had a receivable payment of 1,319,700 yuan from Huaxing Feed Factory. This amount has been
withdrawn bad debt reserves by 100.00%.
192
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(4) Mung bean business disputes between SZCG and Jilin Tongyu County Shengda Company
On August 26, 2010, the Shenzhen Futian District People’s Court accepted the case of the plaintiff SZCG versus
the defendant Shengda Company over an entrustment contract dispute. Upon mediation, both parties reached a
mediation agreement voluntarily: 1. It’s confirmed that the defendant Shengda Company still owes the plaintiff
SZCG the repurchase payment of 7.492 million yuan and the repurchase payment interest of 2.8 million yuan
before September 3, 2009. 2. The defendant Shengda Company should pay the first installment of 1 million yuan
to the plaintiff SZCG before October 30, 2010, and should pay 1 million yuan at the end of each month from
November 2010 to March 2011, and should pay 492,000 yuan before the end of April. 2011, totaling 6,492,000
yuan. 3. If the defendant Shengda Company can pay the above amount in full and on schedule, it does not need to
pay the remaining principal of 1 million yuan and the interest of 2.8 million yuan. If any of the above sums are not
paid in full and on schedule, the plaintiff may apply to the court for enforcement of all the claims set out in the
first item above.
After the mediation agreement came into effect, Shengda Company did not fully fulfill its repayment obligations,
and SZCG has applied for compulsory execution. As of the date of the audit report, the book receivables
amounted to 5,602,500 yuan, and the execution of the remaining amounts was highly uncertain, the Company has
fully made provisions for bad debts of 5,602,500 yuan for this payment.
(5) Contract disputes of the Company’s subsidiaries, Shenbao Rock Tea, Jufangyong Holdings, Mount Wuyi
Jiuxing Tea Co., Ltd., Fujian Wuyishan Yuxing Tea Co., Ltd., Xingjiu Tea Co., Ltd., and Chen Yuxing, Chen
Guopeng
On December 3, 2018, due to the separation contract dispute, based on the arbitration clause in the original
Formal Agreement Regarding the Separation of Fujian Wuyishan Shenbao Yuxing Tea Co., Ltd., the arbitration
applicants Shenbao Rock Tea and Jufangyong Holdings filed an arbitration with the Shenzhen Court of
International Arbitration with Jiuxing Company, Yuxing Company, Xingjiu Tea Co., Ltd., Chen Yuxing, and
Chen Guopeng as the respondents, requesting: 1. To rule that the respondent Jiujiuxing Company should pay
5,272,900 yuan and liquidated damages of 1,581,900 yuan to the applicant Shenbao Rock Tea, totaling 6,854,800
yuan; 2. To rule that the respondents Yuxing Company, Xingjiu Company, Chen Yuxing, and Chen Guopeng
shall be jointly and severally liable for the above-mentioned receivables and liquidated damages to the applicant
Rock Tea; 3. To rule that the respondent Yijiuxing Company shall pledge 19 designated trademarks to the
applicant Jufangyong Holdings, and cooperate with the corresponding registration procedures for trademark
pledge; 4. To rule that all the respondents shall bear the attorney’s fee of 190,000 yuan paid by the applicant for
this case, the preservation fee and other expenses incurred in this arbitration (the applicant reserves the right to
pursue the remaining attorney’s fees); 5. To rule that the respondents shall bear all arbitration fees in this case.
On April 18, 2019, the Shenzhen Court of International Arbitration held a hearing for the arbitration case. On May
20, 2021, the Shenzhen Court of International Arbitration issued a ruling that: 1. Wuyishan Jiuxing Tea Co., Ltd.
should compensate Jufangyong Company and Shenbao Rock Tea Company for losses of receivables and
193
深圳市深粮控股股份有限公司 2022 年半年度报告全文
liquidated damages of 4,798,369.95 yuan; 2. Fujian Wuyishan Yuxing Tea Co., Ltd., Xingjiu Tea Co., Ltd., Chen
Yuxing, and Chen Guopeng shall be jointly and severally liable for the above payment obligations of Wuyishan
Jiuxing Tea Co., Ltd.; 3. The arbitration fee in this case of 104,953 yuan shall be paid by the five respondents to
the two applicants; 4. Two arbitrators’ expenses of 4,000 yuan shall be paid directly by the five respondents to the
two applicants.
After the arbitration award came into effect, because the respondents refused to repay, the applicants applied to
the court for enforcement. On August 5, 2021, the two parties signed an enforcement of settlement agreement.
The respondents should pay receivables, liquidated damages, attorney’s fees, and arbitration fees to the applicants,
totaling 5,097,322.95 yuan, payment shall be made in 18 installments, with the respondents paying 1.6 million
yuan in the first installment and paying 200,000 yuan per month thereafter, and the final payment is 297,322.95
yuan (i.e., the payment will be completed before January 31, 2023).
As of the date of the audit report, the applicants received a total of 3.8 million yuan.
(6) Sales contract disputes between Hualian Company and Dalian Liangshuntong Supply Chain Management Co.,
Ltd.
1) In the case of the plaintiff Liangshuntong Company versus the defendant Hualian Company over a sales
contract dispute ([2019] Yue 0304 Min Chu No. 49562), the Futian District People’s Court made a first-instance
civil judgment on July 3, 2020 that: 1. The plaintiff Liangshun Tongtong Company shall pay Hualian Company
595,800 yuan within ten days from the effective date of this judgment; 2. Reject the claims of Liangshuntong
Company; 3. Reject other counterclaims of Hualian Company; 4. The plaintiff Liangshuntong Company shall
prepay the litigation fee of 208,900 yuan, which shall be borne by the plaintiff, and the defendant Hualian
Company shall prepay the counterclaim acceptance fee of 113,000 yuan, of which 1,800 yuan shall be borne by
the plaintiff and 111,200 yuan shall be borne by the defendant. After receiving the judgment, the plaintiff
Liangshuntong refused to accept it and appealed to the Shenzhen Intermediate People’s Court. The Shenzhen
Intermediate People’s Court made a final ruling on October 29, 2021, and the ruling is as follows: rejecting the
appeal and upholding the original judgment. Hualian Company filed an enforcement application with Shenzhen
Futian People’s Court in December 2021. In May 2022, Futian People's Court issued the Execution Ruling (2021)
Yue 0304 Zhi No.37136, since the person subject to execution currently has no property available for execution, it
ruled that the enforcement procedures should be terminated; where the applicant for execution finds the person
subject to execution has property available for execution, the applicant can apply for execution again.
2) In the case of the plaintiff Hualian Company versus the defendant Liangshuntong Company over a contract
dispute (Case No. [2020] Yue 0304 Min Chu No. 2824), the Futian District People’s Court delivered the Civil
Judgment of the first instance on December 31, 2020, ruling that 1. The defendant Liangshuntong Company shall
pay Hualian Company advance fees of 461,900 yuan and capital cost of 4,030,000 yuan within ten days from the
effective date of the judgment; 2. Liangshuntong Company shall pay the capital occupation fee (based on 461,900
yuan, with an annual interest rate of 10.00%, calculating from December 11, 2019 to the date of paying off the full
194
深圳市深粮控股股份有限公司 2022 年半年度报告全文
amount) to Hualian Company within ten days from the effective date of the judgment; 3. Case acceptance fee of
42,700 yuan shall be borne by the defendant Liangshuntong Company. Liangshuntong appealed to the Shenzhen
Intermediate People’s Court on January 22, 2021. The Shenzhen Intermediate People’s Court made a final ruling
on November 9, 2021, and the ruling is as follows: rejecting the appeal and upholding the original judgment.
Hualian Company filed an enforcement application with Shenzhen Futian People's Court in December 2021. In
May 2022, Futian People's Court issued the Execution Ruling (2021) Yue 0304 Zhi No. 37314, since the person
subject to execution currently has no property available for execution, it ruled that the enforcement procedures
should be terminated; where the applicant for execution finds the person subject to execution has property
available for execution, the applicant can apply for execution again.
(7) Disputes over construction engineering contract between Heilongjiang Hongxinglong Farms & Land
Reclamation Shenxin Grain Industrial Park Co., Ltd. and Heilongjiang Zhishengda Construction Engineering Co.,
Ltd.
In April 2020, Zhishengda Company filed a lawsuit with Hongxinglong People’s Court of Heilongjiang Province
with Hongxinglong as the defendant, requesting: 1. To confirm that the “Letter on Rectification of Completed
Projects and Cancellation of Not Constructed Projects” issued by Hongxinglong on April 7, 2020 does not have
the effect of terminating the contract, the rescission contract made by it is invalid, and judge that the defendant
Hongxinglong should continue to perform the contract (the project cost required to perform the contract is
5,137,800 yuan). 2. The litigation fee and other legal costs shall be borne by Hongxinglong.
On July 29, 2020, Hongxinglong filed a counterclaim with the first-instance court, requesting the court: 1. To
confirm the validity of the cancellation of the construction contract between Hongxinglong and Zhishengda in
accordance with the law. 2. To rule that the Zhishengda should pay Hongxinglong liquidated damages of
1,003,200 yuan, of which liquidated damages for overdue completion of the project of 253,200 yuan, repair costs
for unqualified project quality of about 240,000 yuan (the specific amount is to be determined by a third party),
liquidated damages for project manager’s absence from the construction site without permission of 500,000 yuan,
liquidated damages for the migrant worker’s collective petitions of 10,000 yuan. 3. The counterclaim fee and
appraisal fee shall be borne by Zhishengda.
On March 16, 2021, the third-party appraisal agency applied by Zhishengda Company conducted an on-site
survey and conducted on-site appraisal for the engineering quantities. In July 2021, Hongxinglong went to the
Heilongjiang Farms & Land Reclamation Intermediate People’s Court to determine the third-party appraisal
agency (Heilongjiang Yage Construction Engineering Management Consulting Co., Ltd., now renamed Zhongyun
Project Management Co., Ltd.) to appraise the cost of project restoration. On September 22, Hongxinglong paid
20,000 yuan for the appraisal. On October 27, 2021, Zhongyun Project Management Co., Ltd. came to the site for
appraisal. On March 9, 2022, the first-instance trial was held, and the lawyers of both parties conducted cross-
examination, but the third-party appraiser did not appear in court due to the impact of the pandemic, so it is
195
深圳市深粮控股股份有限公司 2022 年半年度报告全文
planned to choose another day for the trial. On May 19, 2022, Heilongjiang Zhishengda Construction Engineering
Co., Ltd. submitted the Application for Clear Claims, which increased the amount of claims by 1,252,101.36
yuan on the basis of the original request of 5,424,480.86 yuan.
(8) Contract disputes between Hangzhou Jufangyong Commercial and Trading Co., Ltd. and Hangzhou Xingfu
Feixiang Commercial and Trading Co., Ltd.
In July 2020, the plaintiff Hangzhou Jufangyong Commercial and Trading Co., Ltd. filed a lawsuit with Xiaoshan
Primary People’s Court, Hangzhou against Hangzhou Xingfu Feixiang Commercial and Trading Co., Ltd. as the
defendant, requesting to order: 1. The defendant to pay a total of 2,454,700 yuan for cooperative use fees and
water and electricity fees 2. The defendant to pay the western restaurant’s cooperative use fee of 699,700 yuan
and water and electricity fees (according to the actual amount) from July 1, 2019 to September 10, 2019; 3. The
defendant to pay liquidated damages of 515,300 yuan; 4. The defendant to pay liquidated damages (from April 16,
2020 to the date of repayment, with a base of 3,154,400 yuan and a monthly interest rate of 2%); 5. The defendant
to bear the litigation costs in this case.
Xiaoshan Primary People’s Court, Hangzhou ruled that Hangzhou Xingfu Feixiang Commercial and Trading Co.,
Ltd. entered bankruptcy proceedings and appointed an administrator, in August 2020, it ruled to suspend the trial
of the case, requiring the plaintiff to declare its claims directly to the administrator. On December 23, 2020, the
Xiaoshan Primary People’s Court resumed the hearing of the case, the administrator issued a claim confirmation
sheet and calculation details, confirming the plaintiff’s claim principal of 2,422,494.80 yuan and interest of
166,000.00 yuan, totaling 2,588,494.80 yuan.
(9) Disputes over sales contract between Hangzhou Jufangyong Holdings Co., Ltd. and Hangzhou Jufangyong
Commercial and Trading Co., Ltd.,
On September 7, 2021, the plaintiff Hangzhou Jufangyong Holdings Co., Ltd. Sued Hangzhou Jufangyong
Commercial and Trading Co., Ltd. as the defendant to the Hangzhou Binjiang District People’s Court, requesting
to order: 1. The defendant to immediately pay the payment of 2,816,266.50 yuan; 2. The defendant to bear the
litigation costs in this case.
On October 29, 2021, Hangzhou Jufangyong Holdings Co., Ltd. and Hangzhou Jufangyong Commercial and
Trading Co., Ltd. reached a pre-litigation mediation, and Hangzhou Jufangyong Commercial and Trading Co., Ltd.
paid 2.816 million yuan to Hangzhou Jufangyong Holdings Co., Ltd., and paid off before November 30, 2021.
On December 8, 2021, Hangzhou Binjiang District People’s Court issued a civil ruling paper, ruling that the
mediation agreement reached by Hangzhou Jufangyong Holdings Co., Ltd. and Hangzhou Jufangyong
Commercial and Trading Co., Ltd. on October 29, 2021 is valid, and the parties shall consciously perform their
obligations in accordance with the provisions of the mediation agreement. If one party refuses to perform or fails
196
深圳市深粮控股股份有限公司 2022 年半年度报告全文
to perform all of its obligations, the other party can apply to the people’s court for enforcement.
On December 29, 2021, Hangzhou Binjiang District People’s Court accepted the enforcement application of
Hangzhou Jufangyong Holdings Co., Ltd.
On March 4, 2022, Hangzhou Jufangyong Holdings Co., Ltd. submitted an application for “transfer of
enforcement to bankruptcy” to Hangzhou Intermediate People’s Court.
(10) Disputes over private lending between Shenzhen Shenshenbao Tea Culture Commercial Management Co.,
Ltd. and Shenzhen Shi Chu Ming Men Catering Management Co., Ltd.
On May 31, 2021, the plaintiff Shenzhen Shenshenbao Tea Culture Commercial Management Co., Ltd. filed a
lawsuit with Shenzhen Nanshan District People’s Court against Shenzhen Shi Chu Ming Men Catering
Management Co., Ltd. as the defendant, requesting to order: 1. The defendant to return the principal of 1,183,000
yuan borrowed from the plaintiff; 2. The defendant to pay the interest on borrowings of 171,250.68 yuan to the
plaintiff; 3. The defendant to bear the litigation costs in this case.
On December 1, 2021, the court made a judgment in support of all the claims of Shenzhen Shenshenbao Tea
Culture Company.
On January 20, 2022, Nanshan Court accepted the enforcement application of Shenzhen Shenshenbao Tea Culture
Company.
On April 27, 2022, Nanshan District People's Court ruled that the enforcement procedures should be terminated.
Where the applicant for execution finds the person subject to execution has property available for execution, the
applicant can apply for execution again.
On April 28, 2022, Shenzhen Shi Chu Ming Men Catering Management Co., Ltd. submitted an application for
bankruptcy review of enforcement case to the Nanshan District People's Court.
(11) Disputes over special operating contract between Shanghai Baoyan Catering Co., Ltd. and Hangzhou
Fuhaitang Catering Management Chain Co., Ltd.
On July 22, 2021, the plaintiff Shanghai Baoyan Catering Co., Ltd. filed a lawsuit with Hangzhou Binjiang
District People’s Court against Hangzhou Fuhaitang Catering Management Chain Co., Ltd. as the defendant,
requesting: 1. To cancel the Regional Agency Authorized Operating Agreement signed by the plaintiff and the
defendant; 2. The defendant to return the regional agency cooperation fee of 1,880,000 yuan and the cooperation
deposit of 80,000 yuan to the plaintiff, a total of 1,960,000 yuan; 3. The defendant to pay the liquidated damages
of 100,000 yuan to the plaintiff; 4. The defendant to pay the attorney fee of 50,000 yuan to the plaintiff; 5. The
defendant to bear the litigation fee in this case.
The Hangzhou Binjiang District People’s Court issued a subpoena on February 11, 2022, confirming that the case
197
深圳市深粮控股股份有限公司 2022 年半年度报告全文
number was (2021) Zhe 0108 Min Chu No. 5890, and the court date set for March 17, 2022.
On May 18, 2022, Hangzhou Binjiang District People's Court made a first-instance judgment, ruling that
Hangzhou Fuhaitang Catering Management Chain Co., Ltd. should return Shanghai Baoyan Catering Co., Ltd. the
agency cooperation fund of 880,000 yuan and bear the litigation fee of 12,580 yuan, and Shanghai Baoyan
Catering Co., Ltd. bear litigation fee of 13,050 yuan. Both Hangzhou Fuhaitang Catering Management Chain Co.,
Ltd. and Shanghai Baoyan Catering Co., Ltd. refused to accept the first-instance judgment and appealed to the
Hangzhou Intermediate Court. The date of the court case has not yet been determined.
(12) Sales contract disputes between Shuangyashan Shenliang Grain Base Co., Ltd. and Shanghai Zexi Industrial
Co., Ltd.
On October 18, 2021, the plaintiff Shuangyashan Shenliang Grain Base Co., Ltd. filed a lawsuit with the Shanghai
Putuo District People’s Court with Shanghai Zexi Industrial Co., Ltd. as the defendant, requesting: 1. The
defendant to immediately issue and deliver a special VAT invoice amounting 25.2 million yuan for the payment
of goods to the plaintiff; if the defendant cannot issue the invoice, it shall need to compensate the plaintiff for the
tax deduction loss of 2,899,115.04 yuan; 2. The defendant to compensate the plaintiff for the failure of the
defendant to issue invoices, resulting in the plaintiff paying a late fee of 137,376.63 yuan to the tax bureau; 3. The
defendant to compensate the plaintiff for travel expenses loss of 10,860.61 yuan; 4. The defendant to bear the
litigation costs of this case. A court date has not yet been set.
Shanghai Zexi raised an objection to jurisdiction, on January 17, 2022, Shanghai Putuo District People's Court
made a civil ruling (2021) Hu 0107 Min Chu No. 31846: rejecting the objection to jurisdiction raised by the other
party. Shanghai Zexi refused to accept the ruling, and appealed to the Shanghai No. 2 Intermediate People's Court.
On March 22, 2022, Shanghai No. 2 Intermediate People's Court issued a civil ruling (2022) Hu 02 Min Xia
Zhong No. 176: the appeal was rejected and the original ruling was upheld.
(13) Sales contract disputes between Shuangyashan Shenliang Grain Base Co., Ltd. and Tongliao Fada Grain
Purchase and Storage Co., Ltd.
On November 26, 2021, the plaintiff Tongliao Fada Grain Purchase and Storage Co., Ltd. filed a lawsuit with
Keerqin District People’s Court of Tongliao City, Inner Mongolia Autonomous Region, with Shuangyashan
Company as the defendant, requesting: 1. To cancel the six purchase contracts signed with Shuangyashan
Company; 2. Shuangyashan Company to return the corn purchase payment of 25.2 million yuan; 3. Shuangyashan
Company to pay the interest on occupation of funds of 4,713,603.11 yuan (tentatively until November 1, 2021); 4.
Shuangyashan Company to bear the litigation costs of this case.
Shuangyashan Company filed an objection to jurisdiction with Keerqin District People’s Court of Tongliao City,
Inner Mongolia Autonomous Region. On March 24, 2022, Keerqin District People’s Court of Tongliao City, Inner
Mongolia Autonomous Region made a ruling that Shuangyashan Company’s objection to jurisdiction was
198
深圳市深粮控股股份有限公司 2022 年半年度报告全文
established, and the case was transferred to the People’s Court of Baoqing County, Shuangyashan City,
Heilongjiang Province. On April 1, 2022, Tongliao Fada Grain Purchase and Storage Co., Ltd. filed an appeal
with Tongliao Intermediate People’s Court, requesting to revoke the ruling on the objection to jurisdiction.
(14) Project construction contract disputes between Wuhan Jiangxia Yijian Construction Engineering Co., Ltd.
and Wuhan Jiacheng Biological Products Co., Ltd.
1) On January 10, 2022, the plaintiff Wuhan Jiangxia Yijian Construction Engineering Co., Ltd. filed a lawsuit
with Jiangxia District People’s Court of Wuhan City against Wuhan Jiacheng Biological Products Co., Ltd. as the
defendant, requesting: 1. The defendant to immediately pay the project money of 4,421,888.97 yuan owed to the
plaintiff ; 2. The defendant to pay liquidated damages (based on the arrears of the project payment of 4,421,888.97
yuan, and calculated at an annual interest rate of 15.4% from October 10, 2019 to the date of payment, and
temporarily calculated to be 1,514,927 yuan until December 30, 2021) for the delayed payment of the project
payment to the plaintiff. The above two items add up to 5,936,815 yuan. 3. The defendant to bear all expenses of
the case, including litigation fee, appraisal fee, and preservation fee.
The plaintiff applied for property preservation (the preservation amount was more than 5.9 million yuan), and the
Jiangxia District Court ruled to freeze all bank accounts of Wuhan Jiacheng Biological Products Co., Ltd.
The Jiangxia District People’s Court of Wuhan City set the court date as February 28, 2022, and the case number
is (2022) E 0115 Min Chu No. 182.
2) On February 25, 2022, the counterclaim plaintiff Wuhan Jiacheng Biological Products Co., Ltd. filed a
counterclaim against Wuhan Jiangxia Yijian Construction Engineering Co., Ltd. as the counterclaim defendant,
requesting: 1. To confirm that the Hubei Province Construction Project Contract, with the project cost of
25,965,136.97 yuan, signed by the plaintiff and the defendant on July 4, 2017 for the Jiacheng Bio-Industrial Park
Construction Project (Phase I) is invalid; 2. To order the defendant of the counterclaim to submit the complete
completion data and completion report to the plaintiff of the counterclaim and assist in handling the completion
acceptance of the project and the relevant procedures for archiving and filing the engineering data in the urban
construction archives; 3. To compensate for the losses (from April 1, 2018 to October 25, 2019, calculated at
1,000 yuan per day; from October 26, 2019 to the date of acceptance and delivery of project, with 21,543,248
yuan as the base, calculated according to the quoted interest rate of the loan market for the same period announced
by the National Interbank Funding Center, and it’s about 2.3 million yuan calculated to the date of indictment)
caused to the plaintiff due to the delayed delivery of the Wuhan Jiacheng Bio-Industrial Park Construction Project
(Phase I); 4. To bear the litigation fees, preservation fees and other expenses for the counterclaim.
On July 6, 2022, Jiangxia District People's Court of Wuhan City made a judgment:
1. The defendant, Wuhan Jiacheng Biotechnology Co., Ltd., shall pay 4,421,888.97 yuan to the plaintiff, Wuhan
Jiangxia Yijian Construction Engineering Co., Ltd., within ten days after this judgment takes effect;
199
深圳市深粮控股股份有限公司 2022 年半年度报告全文
2. The defendant,Wuhan Jiacheng Biotechnology Co., Ltd., shall pay the plaintiff, Wuhan Jiangxia No.1
Construction Engineering Co., Ltd., liquidated damages (based on 4,421,888.97 yuan, calculating from September
19, 2020 to the completion of the performance by 1.3 times LPR) within ten days after this judgment takes effect ;
3. The plaintiff, Wuhan Jiangxia Yijian Construction Engineering Co., Ltd., shall have priority to be compensated
for the discount or auction price of the above-mentioned projects undertaken by it within the scope of item 1 and
item 2 of the above judgment;
4. The counterclaim defendant, Wuhan Jiangxia Yijian Construction Engineering Co., Ltd., shall submit complete
completion materials and completion reports to the counterclaim plaintiff, Wuhan Jiacheng Biotechnology Co.,
Ltd., within ten days after the judgment takes effect, and assist in the completion acceptance of the project and the
related procedures for filing engineering data in the Urban Construction Archives;
5. Reject other claims of the plaintiff Wuhan Jiangxia Yijian Construction Engineering Co., Ltd.;
6. Reject other claims of the counterclaim plaintiff Wuhan Jiacheng Biotechnology Co., Ltd..
Where the payment obligation is not fulfilled within the period as specified in this judgment, the debt interest
during the period of delayed performance shall be doubled in accordance with Article 260 of the Civil Procedure
Law of the People's Republic of China.
The litigation fee is 53,358 yuan, the counterclaim acceptance fee is 12,600 yuan, and the preservation fee is
5,000 yuan, totaling 70,958 yuan. The plaintiff, Wuhan Jiangxia Yijian Construction Engineering Co., Ltd., shall
pay 2,000 yuan, and the defendant, Wuhan Jiacheng Biotechnology Co., Ltd., shall pay 68,958 yuan.
On July 16, 2022, Wuhan Jiacheng Biotechnology Co., Ltd. appealed to the Wuhan Intermediate People's Court.
(15) Disputes over loan contract between Changzhou Shenbao Tea-Shop E-commerce Co., Ltd. and Shenzhen
Agricultural Products Financing Guarantee Co., Ltd.
On July 15, 2016, the Agricultural Products Guarantee Company submitted a Civil Complaint to Shenzhen Futian
District People’s Court, requesting to order: 1. Changzhou Company to repay the loan principal of 5,000,000.00
yuan and the interest of 389,968.52 yuan, and the penalty interest of 3,200,271.79 yuan (The penalty interest is
temporarily calculated until June 30, 2016, and actually calculated to the date when the loan is fully paid); 2.
Changzhou Company to pay compensation of 100,000.00 yuan (5,000,000 yuan × 2%); totaling 8,690,240.31
yuan; 3. Shenzhen Shenbao Industrial Co., Ltd. (hereinafter referred to as “Shenbao Company”)to be jointly and
severally liable for the loan of 5,000,000.00 yuan.
Shenzhen Futian District People’s Court issued a first-instance judgment on May 31, 2017, ruling that Changzhou
Company should repay the loan principal of 5 million yuan and interest of 353,871.28 yuan, and interest penalty
200
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(interest penalty is based on 5 million yuan as the principal, calculated from September 7, 2013 to the date of
actual repayment at an annual rate of 21.6%. If the repayment is made in installments, the interest of
corresponding part will be calculated to the date of each repayment) to the plaintiff Agricultural Products
Guarantee Company within 10 days from the effective date of the judgment, and Changzhou Company shall bear
the lawyer’s fee of 71,911 yuan and the preservation fee of 5,000 yuan; the judgment rejected the request of the
Agricultural Products Guarantee Company’s request Shenbao Company to bear joint and several liability.
Agricultural Products Guarantee Company refused to accept the first-instance judgment and filed an appeal to the
Shenzhen Intermediate People’s Court. On May 10, 2019, the Shenzhen Intermediate People’s Court served the
civil judgment (final judgment), and the Shenzhen Intermediate Court made some changes to the first-instance
judgment, ruling that Shenbao Company (now renamed Shenzhen Cereals Holdings Co., Ltd.) shall be jointly and
severally liable for the debts of Changzhou Company within the range of 3.5 million yuan; Shenbao Company
(now renamed as Shenzhen Cereals Holdings Co., Ltd.) has the right to recover from Changzhou Company after
paying off the debts on its behalf.
In May 2021, Agricultural Products Guarantee Company applied to Futian District Court of the first instance for
compulsory execution of 5,193,443 yuan. According to the request of the court, Changzhou Company declared
the property status to the court. Agricultural Products Guarantee Company reached a voluntary settlement with
Changzhou Company and SZCH. On October 20, 2021, Futian Court issued an enforcement ruling to terminate
the enforcement of the case.
(16) Hangzhou International Airport Co., Ltd. filed a lawsuit against Hangzhou Jufangyong Trading Co., Ltd.
concerning housing leasing contract disputes
Hangzhou International Airport Co., Ltd. filed a lawsuit with the Xiaoshan Primary People's Court, Hangzhou,
Zhejiang against Hangzhou Jufangyong Trading Co., Ltd. as the defendant, requesting: 1. to order the defendant
to pay the remaining outstanding payment from April 2019 to September 10, 2019 in total of 1,064,613.34 yuan. 2.
to order the defendant to pay overdue liquidated damages of 4,908,976.281 yuan (tentatively until December 31,
2021) due to overdue payment of rent and other expenses. 3. to order the defendant to pay 455,880 yuan of
liquidated damages for termination of contract. 4. to order the defendant to pay the housing occupancy and use
fees from September 11, 2019 to November 11, 2019, totaling 486,552.6733 yuan; 5. to order the defendant to
bear the litigation fee of this case. (The above item 1 to item 5 amount to 6,916,022.29 yuan temporarily).
Xiaoshan Primary People's Court issued a civil judgment on April 6, 2022, ruling that Hangzhou Jufangyong
Trading Company should pay Hangzhou International Airport Co., Ltd. rent, property fees, POS machine rental
fees, liquidated damages, and housing occupancy and use fees, totaling approximately 2,007,046 yuan, and bear
the litigation fee of 13,038 yuan. Hangzhou International Airport Co., Ltd. should bear the litigation fee of 17,038
yuan.
201
深圳市深粮控股股份有限公司 2022 年半年度报告全文
On April 20, 2022, Hangzhou Jufangyong Trading Co., Ltd. filed an appeal to the Hangzhou Intermediate
People's Court. On June 14, 2022, the court held a hearing on the case, and as of the date of the audit report, no
judgment has been made.
(17) Hangzhou International Airport Co., Ltd. filed a lawsuit against Hangzhou Jufangyong Holdings Co., Ltd.
and Hangzhou Jufangyong Trading Co., Ltd. concerning housing lease contract disputes
On December 1, 2021, Hangzhou International Airport Co., Ltd. filed a lawsuit with Xiaoshan Primary People's
Court against Hangzhou Jufangyong Holding Co., Ltd. and Hangzhou Jufangyong Trading Co., Ltd. as defendants,
requesting: 1. to order the two defendants to pay the outstanding payments 62,486.66 yuan; 2. to order Hangzhou
Jufangyong Holdings Co., Ltd. To pay overdue liquidated damages of 265,255.87 yuan (tentatively until
December 31, 2021); 3. to order Hangzhou Jufangyong Holdings Co., Ltd. To pay 1,372,500 yuan of liquidated
damages for termination of contract; 4. to order Hangzhou Jufangyong Holdings Co., Ltd. to pay a total of
362,422.67 yuan for the housing occupancy and use fees; 5. to order Hangzhou Jufangyong Holdings Co., Ltd. to
pay the plaintiff a loss of 50,189.90 yuan for the difference in rent; 6. to order the two defendants to bear the
litigation fee and preservation fee of this case. (The above item 1 to item 5 amount to 2,112,855.10 yuan)
On April 13, 2022, Hangzhou Jufangyong Holdings Co., Ltd. filed a counterclaim, requesting: 1. Hangzhou
International Airport Co., Ltd. to refund the full performance bond of 457,500 yuan; 2. Hangzhou International
Airport Co., Ltd. To pay liquidated damages of 457,500 yuan; 3. Hangzhou International Airport Co., Ltd. to bear
the litigation fee. (The above item 1 and item 2 amount to 915,000 yuan)
Xiaoshan Primary People's Court held a hearing on the case on April 28, 2022, and no judgment has been made
yet.
(18) Xu Anwu filed a lawsuit against Dongguan Shenliang Logistics Co., Ltd., Gansu Installation and
Construction Group Co., Ltd., Guangdong Dianbai Building Group Co., Ltd., and Xu Jianqiang concerning
construction project subcontract disputes
On March 17, 2021, the plaintiff Xu Anwu filed a lawsuit with the First People's Court of Dongguan, Guangdong
Province against Dongguan Shenliang Logistics Co., Ltd., Gansu Installation and Construction Group Co., Ltd.,
Guangdong Dianbai Building Group Co., Ltd., and Xu Jianqiang as defendants, requesting: 1. the four defendants
to immediately pay the plaintiff the construction cost of 10,445,000 yuan; 2. the litigation fee in this case shall be
borne by the four defendants.
On May 19, 2021, Gansu Installation and Construction Group Co., Ltd. filed a counterclaim against Xu Anwu as
the counterclaim defendant, requesting: 1. Xu Anwu to immediately return the overpaid 2,566,974.25 yuan to
Gansu Installation and Construction Group Co., Ltd.; 2. the litigation fee in this case shall be borne by Xu Anwu.
202
深圳市深粮控股股份有限公司 2022 年半年度报告全文
The case was heard on July 14, and on April 22, 2022, the First People's Court of Dongguan, Guangdong Province
made a judgment, rejecting all the plaintiff's claims against Dongguan Shenliang Logistics Co., Ltd.
Gansu Installation and Construction Group Co., Ltd. appealed to the Dongguan Intermediate People's Court,
Guangdong Province. On July 4, 2022, the Intermediate People's Court of Dongguan City, Guangdong Province
notified that the court investigation of this case is scheduled to be conducted on the Internet on August 5, 2022.
1.2 Guarantee
(1) The Company and subsidiary of the Company -SZCG provide a guarantee to its subsidiary - International
Food
The Company and Subsidiary of the Company -SZCG provide a guarantee to International Food for the
application of loans, amount of guarantee is 625.1480 million yuan. As of June 30, 2022, the loan is not yet due
for repayment.
(2) Subsidiary of the Company -SZCG provide a guarantee to its subsidiary -Dongguan Logistics
Subsidiary of the Company -SZCG provide a guarantee to Dongguan Logistics for the application of loans,
amount of guarantee is 99.2121 million yuan. As of June 30, 2022, the loan is not yet due for repayment.
(3) Associated guarantees and restricted assets
Restricted assets found more in the Note VII (81), associated guarantee found more in Note XII (5)
(2) If the Company has no important contingency need to disclosed, explain reasons
The Company has no important contingency that need to disclose.
3. Other
XV. Events after balance sheet date
1. Important non adjustment matters
Unit: CNY/RMB
Impact on financial status and Reasons of fails to estimate
Item Content
operation results the impact
2. Profit distribution
Unit: CNY/RMB
203
深圳市深粮控股股份有限公司 2022 年半年度报告全文
3. Sales return
4. Description of other balance sheet events after the date
XVI. Other important events
1. Previous accounting errors collection
(1) Retrospective restatement
Unit: CNY/RMB
Content of accounting error Items impact during vary
Procedures Accumulated impact
correction comparative period
(2) Prospective application
Reasons for adopting the prospective
Content of accounting error correction Approval procedure
applicable method
2. Debt restructuring
3. Assets exchange
(1) Exchange of non-monetary assets
(2) Other assets exchange
4. Pension plan
5. Discontinuing operation
Unit: CNY/RMB
Profit of
discontinuing
Income tax operation
Item Revenue Expenses Total profit Net profit
expenses attributable to
owners of
parent company
Other explanation
204
深圳市深粮控股股份有限公司 2022 年半年度报告全文
6. Segment
(1) Recognition basis and accounting policy for reportable segment
(2) Financial information for reportable segment
Unit: CNY/RMB
Item Offset between segment Total
(3) The Company has no segment, or unable to disclose total assets and liability of the segment, explain
reasons
(4) Other explanation
7. Other major transaction and events makes influence on investor’s decision
8. Other
XVII. Principal notes of financial statements of parent company
1. Account receivable
(1) Account receivable classify by category
Unit: CNY/RMB
Ending balance Opening balance
Bad debt
Book balance Book balance Bad debt provision
Category provision Book Book
Amoun Amoun Accrua value Amoun Amoun Accrual value
Ratio Ratio
t t l ratio t t ratio
Account receivable
with bad debt 28,453. 28,453. 100.00 28,453. 28,453. 100.00
0.08% 0.02%
provision accrual 08 08 % 08 08 %
on a single basis
Including:
Account receivable
with single minor
amount but with 28,453. 28,453. 100.00 28,453. 28,453. 100.00
0.08% 0.02%
bad debts provision 08 08 % 08 08 %
accrued on a single
basis
Account receivable 135,68
33,810, 99.92 4,426.3 33,806, 4,426.3 135,678,
with bad debt 0.01% 2,852.6 99.98% 0.01%
852.62 % 0 426.32 0 426.30
provision accrual 0
205
深圳市深粮控股股份有限公司 2022 年半年度报告全文
on portfolio
Including:
Combination of 8,852.6 4,426.3 50.00 4,426.3 8,852.6 4,426.3
0.03% 0.01% 50.00% 4,426.30
sales receivables 0 0 % 0 0 0
135,67
Specific object 33,802, 99.89 33,802, 135,674,
4,000.0 99.97%
combinations 000.02 % 000.02 000.00
0
135,71
33,839, 100.00 32,879. 33,806, 100.00 32,879. 135,678,
Total 0.10% 1,305.6 0.02%
305.70 % 38 426.32 % 38 426.30
8
Bad debt provision accrual on single basis: 28,453.08 yuan
Unit: CNY/RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
Other accrual on single Slightly possibly taken
28,453.08 28,453.08 100.00%
basis back
Total 28,453.08 28,453.08 --
Bad debt provision accrual on portfolio: 4,426.30 yuan
Unit: CNY/RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Combination of sales
8,852.60 4,426.30 50.00%
receivables
Specific object combinations 33,802,000.02
Total 33,810,852.62 4,426.30
Explanation on portfolio determines:
If the provision for bad debts of account receivable is made in accordance with the general model of expected
credit losses, please refer to the disclosure of other account receivables to disclose related information about
bad-debt provisions:
□ Applicable √Not applicable
By account age
Unit: CNY/RMB
Account age Ending balance
Within one year (including 1-year) 33,802,000.02
Over 3 years 37,305.68
4-5 years 8,852.60
Over 5 years 28,453.08
Total 33,839,305.70
(2) Bad debt provision accrual, collected or reversal in the period
Bad debt provision accrual in the period:
Unit: CNY/RMB
206
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written off Other
reversal
Other accrual
28,453.08 28,453.08
on single basis
Sales
Receivables 4,426.30 4,426.30
Portfolio
Total 32,879.38 32,879.38
Including major amount bad debt provision that collected or reversal in the period: nil
Unit: CNY/RMB
Enterprise Amount collected or reversal Collection way
(3) Account receivable actually written-off in the period
Unit: CNY/RMB
Item Amount written-off
Including major account receivable written-off:
Unit: CNY/RMB
Amount written- Procedure of Resulted by related
Enterprise Nature Written-off causes
off written-off transaction (Y/N)
Explanation on account receivable written-off:
(4) Top 5 account receivables at ending balance by arrears party
Unit: CNY/RMB
Ending balance of accounts Proportion in total receivables Bad debt preparation ending
Enterprise
receivable at ending balance balance
5) Account receivables derecognized due to the transfer of financial assets
6) Amount of assets and liabilities that formed the by transferring of account receivable and continue to
be involved
Other explanation
2. Other account receivable
Unit: CNY/RMB
Item Ending balance Opening balance
Dividend receivable 540,000,000.00 540,000,000.00
Other account receivable 623,766,691.58 443,939,717.84
Total 1,163,766,691.58 983,939,717.84
207
深圳市深粮控股股份有限公司 2022 年半年度报告全文
(1) Interest receivable
1) Category of interest receivable
Unit: CNY/RMB
Item Ending balance Opening balance
2) Important overdue interest
Unit: CNY/RMB
Whether impairment
Borrower Ending balance Overdue time Overdue causes occurs and its
judgment basis
Other explanation
3) Accrual of bad debt provision
□ Applicable √Not applicable
(2) Dividend receivable
1) Category of dividend receivable
Unit: CNY/RMB
Item (or the invested entity) Ending balance Opening balance
SZCG 540,000,000.00 540,000,000.00
Total 540,000,000.00 540,000,000.00
2) Important dividend receivable with account age over one year
Unit: CNY/RMB
Whether impairment
Item (or the invested Reasons for not
Ending balance Account age occurs and its
entity) collection
judgment basis
3) Accrual of bad debt provision
□ Applicable √Not applicable
Other explanation
(3) Other account receivable
1) By nature
Unit: CNY/RMB
208
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Nature Ending book balance Opening book balance
Margin and deposit 232,405.63 168,234.34
Current payments and others 651,379,020.99 471,616,218.54
Total 651,611,426.62 471,784,452.88
2) Accrual of bad debt provision
Unit: CNY/RMB
Phase I Phase II Phase III
Expected credit losses for Expected credit losses for
Expected credit
Bad debt provision the entire duration the entire duration (with Total
losses over next 12
(without credit credit impairment
months
impairment occurred) occurred)
Balance on Jan. 1,
213,468.15 27,631,266.89 27,844,735.04
2022
Balance of Jan. 1, 2022
in the period
Balance on Jun. 30,
213,468.15 27,631,266.89 27,844,735.04
2022
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
By account age
Unit: CNY/RMB
Account age Ending balance
Within one year (including 1-year) 274,612,558.69
2-3 years 351,504,462.58
Over 3 years 25,494,405.35
4-5 years 436,664.33
Over 5 years 25,057,741.02
Total 651,611,426.62
3) Bad debt provision accrual, collected or reversal in the period
Bad debt provision accrual in the period:
Unit: CNY/RMB
Amount changed in the period
Opening
Category Collected or Ending balance
balance Accrual Written off Other
reversal
Bad debt
provision
27,631,266.89 27,631,266.89
accrual on
single basis
Bad debt 213,468.15 213,468.15
209
深圳市深粮控股股份有限公司 2022 年半年度报告全文
provision
accrual on
portfolio
Total 27,844,735.04 27,844,735.04
Including major amount with bad debt provision reverse or collected in the period: nil
Unit: CNY/RMB
Enterprise Amount reversal or collected Collection way
4) Other account receivable actually written-off in the period
Unit: CNY/RMB
Item Amount written-off
Including important other account receivable written-off:
Unit: CNY/RMB
Amount written- Procedure of Resulted by related
Enterprise Nature Written-off causes
off written-off transaction (Y/N)
Explanation on other account receivable written-off:
5) Top 5 other receivables at ending balance by arrears party
Unit: CNY/RMB
Ratio in total
Bad debt
ending balance of
Enterprise Nature Ending balance Account age preparation ending
other account
balance
receivables
First Other internal Within one year,
170,911,385.40 26.23%
funds 1-2 years
Second Other internal Within one year,
121,514,328.41 18.65%
funds 1-2 years
Three Other internal Within one year,
120,726,391.40 18.53%
funds 1-2 years
Fourth Other internal
85,049,378.94 Within one year 13.05%
funds
Fifth Other internal
83,605,194.12 Within one year 12.83%
funds
Total 581,806,678.27 89.29%
6) Other account receivables related to Government subsidy
Unit: CNY/RMB
Time, amount and
Enterprise Government subsidy Ending balance Ending account age basis for collection
predicted
210
深圳市深粮控股股份有限公司 2022 年半年度报告全文
7) Other receivables derecognized due to the transfer of financial assets
8) Amount of assets and liabilities that formed the by transferring of other receivable and continue to be
involved
Other explanation：
3. Long-term equity investment
Unit: CNY/RMB
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Investment for 4,029,519,425. 4,024,019,425. 4,054,019,425. 4,048,519,425.
5,500,000.00 5,500,000.00
subsidiary 09 09 09 09
Investment for
associates and 2,927,628.53 2,927,628.53 2,927,628.53 2,927,628.53
joint venture
4,032,447,053. 4,024,019,425. 4,056,947,053. 4,048,519,425.
Total 8,427,628.53 8,427,628.53
62 09 62 09
(1) Investment for subsidiary
Unit: CNY/RMB
Current changes (+, -) Ending
Opening Ending
The invested Accrual of balance of
balance(book Additional Capital balance(book
entity impairment Other impairment
value) investment reduction value)
provision provision
Shenbao
Industry & 5,500,000.00
Trade
Shenliang 80,520,842.3 80,520,842.3
Food 6 6
Shenbao 168,551,781. 54,676,764.1 223,228,545.
Huacheng 80 1 91
Huizhou 60,000,000.0 60,000,000.0
Shenbao 0 0
Shenbao 54,676,764.1 54,676,764.1
Technology 1 1
Shenbao 50,000,000.0 50,000,000.0
Investment 0 0
3,291,415,03 3,291,415,03
SZCG
6.82 6.82
Dongguan 321,680,000. - 297,180,000.
211
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Logistics 00 24,500,000.0 00
0
Wuhan 21,675,000.0 21,675,000.0
Jiacheng 0 0
-
4,048,519,42 54,676,764.1 54,676,764.1 4,024,019,42
Total 24,500,000.0 5,500,000.00
5.09 1 1 5.09
0
(2) Investment for associates and joint venture
Unit: CNY/RMB
Current changes (+, -)
Ending
Investm Cash
Openin Other Accrual balance
Investm ent dividen Ending
g Additio compre of of
ent Capital gains Other d or balance
balance nal hensive impair impair
compan reducti recogni equity profit Other (book
(book investm income ment ment
y on zed change announ value)
value) ent adjustm provisi provisi
under ced to
ent on on
equity issued
I. Joint venture
II. Associated enterprise
Shenzh
en
Shenba
o
(Liaoyu 57,628.
an) 53
Industri
al
Compa
ny
Shenzh
en
Shenba
o
2,870,0
(Xinmi
00.00
n)
Foods
Co.,
Ltd
Changz
hou
Shenba
o
212
深圳市深粮控股股份有限公司 2022 年半年度报告全文
Chacan
g E-
busines
s Co.,
Ltd.
Subtota 2,927,6
l 28.53
2,927,6
Total
28.53
(3) Other explanation
4. Operating revenue and operating cost
Unit: CNY/RMB
Current period Last period
Item
Revenue Cost Revenue Cost
Main business 94,652,563.62 235,795.14 78,409,527.17 235,795.14
Other business 80,008.26
Total 94,732,571.88 235,795.14 78,409,527.17 235,795.14
Information relating to revenue:
Unit: CNY/RMB
Category Branch 1 Branch 2 Total
Product Types
Including:
Classification by
business area
Including:
Market or customer
type
Including:
Contract Types
Including:
Classification by time
of goods transfer
Including:
Classification by
213
深圳市深粮控股股份有限公司 2022 年半年度报告全文
contract duration
Including:
Classification by sales
channel
Including:
Total
Information relating to performance obligations:
Nil
Information related to the transaction price apportioned to the remaining performance obligations:
The amount of income corresponding to the performance obligations that have been signed at the end of this
reporting period but have not yet been fulfilled or have not done with fulfillment is 0.00 yuan, among them,
0.00yuan of revenue is expected to be recognized in 0 yuan of revenue is expected to be recognized in 0, and
0.00 yuan of revenue is expected to be recognized in 0.
Other explanation:
5. Investment income
Unit: CNY/RMB
Item Current period Last period
Investment income during the period of
116,111.11
tradable financial assets hold
Financial income 2,279,175.50
Dividends 451,054.95
Total 2,279,175.50 567,166.06
6. Other
XVIII. Supplementary information
1. Current non-recurring gains/losses
√ Applicable □Not applicable
Unit: CNY/RMB
Item Amount Note
Governmental subsidy reckoned into
current gains/losses (except for those
with normal operation business
concerned, and conform to the national 8,046,293.93
policies & regulations and are
continuously enjoyed at a fixed or
quantitative basis according to certain
214
深圳市深粮控股股份有限公司 2022 年半年度报告全文
standards)
Profit and loss of assets delegation on
221,889.46
others’ investment or management
Except for the effective hedging
operations related to normal business
operation of the Company, the
gains/losses of fair value changes from
holding the trading financial assets and 3,573,445.74
trading financial liabilities, and the
investment earnings obtained from
disposing the trading financial asset,
trading financial liability
Switch-back of provision of impairment
of account receivable which are treated 127,286.00
with separate depreciation test
Other non-operating income and
expenditure except for the 1,065,883.45
aforementioned items
Less: impact on income tax 2,637,117.23
Impact on minority interests 2,187.17
Total 10,395,494.18 --
Details of other gains/losses items that meets the definition of non-recurring gains/losses:
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss
□ Applicable √ Not applicable
2. ROE and earnings per share
Earnings per share
Profits during report period Weighted average ROE Basic earnings per Diluted earnings per
share (RMB/Share) share (RMB/Share)
Net profits belong to common
stock stockholders of the 5.00% 0.2061 0.2061
Company
Net profits belong to common
stock stockholders of the
4.78% 0.1971 0.1971
Company after deducting
nonrecurring gains and losses
215
深圳市深粮控股股份有限公司 2022 年半年度报告全文
3. Difference of the accounting data under accounting rules in and out of China
(1) Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
√ Applicable □Not applicable
Unit: CNY/RMB
Net profit Net assets
Current period Last period Ending balance Opening balance
Chinese GAAP 237,527,782.93 243,846,874.76 4,579,686,071.77 4,630,292,102.34
Items and amount adjusted by IAS:
Adjustment for other
payable fund of stock 1,067,000.00 1,067,000.00
market regulation
IAS 237,527,782.93 243,846,874.76 4,580,753,071.77 4,631,359,102.34
(2) Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √Not applicable
(3) Explanation on data differences under the accounting standards in and out of China; as for the
differences adjustment audited by foreign auditing institute, listed name of the institute
4. Other
216
