Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
Stock Code: 000020, 200020
Public Notice No. 2014-12
Short Form of the Stock: SHEN Huafa-A, SHEN Huafa-B
Shenzhen Zhongheng Huafa Co., Ltd.
First Quarterly Report 2014
April 2014
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Zhongheng Huafa Co., Ltd (hereinafter
referred to as the Company) and its directors, supervisors and senior executives should guarantee the
reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading
statements or important omissions carried in this report, and shall take legal responsibilities, individual
and/or joint.
Other directors attended the board meeting on deliberating the quarterly report except for the following
directors:
Name of absent director Position of absent director Reason for absence Attorney
Chen Zhigang Director For busy work Li Zhongqiu
Li Zhongqiu, person in charge of the Company, Cao Li, person in charger of accounting works and Wu
Ai’jie, person in charger of accounting organ (accounting officer) hereby confirm that the Financial
Statement of this Quarterly Report is authentic, accurate and complete.
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
Section II. Main financial data and changes of shareholders
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□ Yes √No
At the same period of last Changes of this period over
At the reporting period
year same period of last year (%)
Operating income (RMB) 162,659,610.67 154,372,188.50 5.37%
Net profit attributable to shareholders of
694,997.40 818,247.01 -15.06%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 600,977.11 414,773.12 44.89%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-26,273,204.65 -71,011,893.48 63%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0025 0.0029 -13.79%
Diluted earnings per share (RMB/Share) 0.0025 0.0029 -13.79%
Increased 0.18 percentage
Weighted average ROE (%) 0.25% 0.07%
points
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year (%)
Total assets (RMB) 771,552,998.18 731,348,499.86 5.5%
Net assets attributable to shareholder of
274,358,646.87 273,663,649.47 0.25%
listed company (RMB)
Items and amount of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the
122,047.39
write-off that accrued for impairment of assets)
Other non-operating income and expenditure except for the
3,313.00
aforementioned items
Less: impact on income tax 31,340.10
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
Total 94,020.29 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and 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, explain reasons
□ Applicable √ Not applicable
II. Total number of shareholders at the end of this report period and top ten shareholders
In shares
Total number of shareholders
25,857
at the end of report period
Top ten shareholders
Amount of Number of share pledged/frozen
Nature of Proportion of Amount of
Shareholder’s name restricted shares
shareholder shares held (%) shares held State of share Amount
held
Wuhan Zhongheng Pledged 116,489,894
New Science & Domestic
Technology non-state-owned 41.14% 116,489,894 116,489,894
Frozen 0
Industrial Group legal person
Co., Ltd.
SEG (HONG Foreign legal Pledged 0
5.85% 16,569,560 0
KONG) CO., LTD. persons Frozen 0
GOOD HOPE Pledged 0
CORNER Overseas legal
4.9% 13,900,000 0
INVESTMENTS person Frozen 0
LTD
Domestic nature Pledged 0
Xie Deqing 0.33% 925,100 0
person Frozen 0
Domestic nature Pledged 0
BINGHUA LIU 0.31% 876,213 0
person Frozen 0
China Securities Co., Pledged 0
Ltd. guarantee Domestic
securities account non-state-owned 0.26% 747,926 0
Frozen 0
for client credit legal person
transactions
Domestic nature Pledged 0
Wang Jianguang 0.23% 651,849 0
person Frozen 0
Domestic nature Pledged 0
Li Jianfeng 0.23% 637,600 0
person Frozen 0
Zhu Ming Domestic nature 0.22% 611,348 0 Pledged 0
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
person Frozen 0
Domestic nature Pledged 0
Lin Song 0.18% 516,000 0
person Frozen 0
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Domestically
SEG (HONG KONG) CO., LTD. 16,569,560 listed foreign 16,569,560
shares
Domestically
GOOD HOPE CORNER
13,900,000 listed foreign 13,900,000
INVESTMENTS LTD
shares
Domestically
Xie Deqing 925,100 listed foreign 925,100
shares
Domestically
BINGHUA LIU 876,213 listed foreign 876,213
shares
China Securities Co., Ltd. guarantee
RMB common
securities account for client credit 747,926 747,926
share
transactions
Domestically
Wang Jianguang 651,849 listed foreign 651,849
shares
Domestically
637,600 listed foreign 637,600
shares
Domestically
Li Jianfeng 611,348 listed foreign 611,348
shares
Domestically
Lin Song 516,000 listed foreign 516,000
shares
RMB common
Wu Jingmin 472,286 472,286
share
Among the top ten shareholders, Wuhan Zhongheng New Science & Technology Industrial
Explanation on associated relationship Group Co., Ltd. neither bears associated relationship with other shareholders, nor belongs
among the aforesaid shareholders to the consistent actor that are prescribed in Measures for the Administration of Disclosure
of Shareholder Equity Changes of Listed Companies. The Company neither knew whether
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
there exists associated relationship among the other tradable shareholders, nor they belong
to consistent actors that are prescribed in Measures for the Administration of Disclosure of
Shareholder Equity Changes of Listed Companies.
Explanation on top ten shareholders
involving margin business (if N/A
applicable)
Whether has a buy-back agreement dealing in reporting period
□ Yes √ No
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
Balance at Balance at
Item Ratio Reasons of changes
period-end period-begin
Monetary fund 28,421,353.42 54,251,456.20 -47.61% Stock up injection molding and
Styrofoam business for sales season
Notes receivable 50,678,073.67 154,375,936.49 -67.17% The transfer of bills endorsement
Account paid in advance 115,786,699.16 13,483,243.19 758.75% The new trade advance payment
Inventory 74,904,821.03 47,119,303.85 58.97% Stock up for sales season
Account payable 84,371,371.73 52,206,342.81 61.61% Stock up for sales season
Account received in advance 4,281,734.30 1,572,324.29 172.32% New customer payment in advance
Item Amount at this Amount of last
Ratio Reasons of changes
period period
Business tax and surcharges 2,130,920.06 664,519.22 220.67% Increase the export tax rebate free for
surcharge
Non-operation income 222,711.90 570,420.31 -60.96% There was no government subsidies
income in the period
Non-operation expenditure 97,351.51 24,341.34 299.94% Loss from disposal of fixed assets
Income tax expenses 100,239.48 316,369.20 -68.32% Profit declined and the income tax
decreased
Net cash flow from operation -26,273,204.65 -71,011,893.48 63.00% Sales returned in time
activity
Net cash flow from investment -439,487.00 -1,736,681.20 -74.69% The fixed assets expenditure reduced in
activity the period
Subtotal of cash out-flow from 95,885,723.62 50,647,969.71 89.32% The repayment of loan expire was
financing activity increased
Net cash flow from financing -538,702.44 35,199,385.75 -101.53% The repayment of loan expire was
activity increased
Influence on cash due to 16,686.09 -978,113.21 -101.71% Exchange fluctuations
fluctuation in exchange rate
Balance of cash and cash 50,704,319.86 100,248,503.42 -49.42% Notes settlement increased
equivalents at the period -begin
Balance of cash and cash 23,469,611.86 61,721,201.28 -61.97% Notes settlement increased
equivalents at the period -end
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
II. Analysis and explanation of significant events and their influence and solutions
Venue of 1/F to 3/F of Huafa Building, the self-owned property, has to introduce the clients for rented again due to leasing contract
for some of the sites are expired in 3Q of 2012, some of the shops open successively and clients introduction have actively promoted,
the Company strive to complete the whole idle venue for leasing in first half year as soon as possible.
III. Commitments from the Company or shareholders (with over 5% shares held) in or
occurred in the previous period but continued to reporting period
Item of
Promisee Content of commitments Date Term Implementation
Commitments
Commitments for
Share Merger
Reform
1. On Jun. 5, 2008, with examination and
approval from the 3rd temporary meeting of the
Board for 2008, the Company took cash RMB 27
million buying relevant assets concerning
Within one year after production of injection products from Wuhan
ownership transfer for Zhongheng Group, and thus the commitment had
equity purchased: been finished;
From
Commitments 1. Related assets of 2. In early of May, 2008, the Company officially
Wuhan 2007 -
made in acquisition injection business in-put to started off the significant asset restructures work
Zhongheng 2007-03-29 4 - 12
report or equity the Company; 2. 70 percent of purchasing the 70% equities of Wuhan
Group to 2008
change report equity of Wuhan Hengsheng Photoelectricity Industry Co., Ltd.;
- 4 - 11
Hengsheng Photoelectricity engaged financial consultant and law consultant
Industry Co., Ltd. held to carry out earnest investigation on the
in-put to the Company. restructure assets that may be involved, and
negotiated with relevant departments which were
in charge of this. However, due to that relevant
condition was not mature, there were obstacles in
material asset restructure.
Commitments in
assets N/A
reorganization
Commitments in
initial public
N/A
offering or
refinancing
Other
commitments to
minority N/A
shareholders of the
Company
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Shenzhen Zhongheng Huafa Co., Ltd. First Quarterly Report 2013
Completed on time
No
or not
Detail reasons for
un-complement and
”Found more in “Implementation”
further plan (if
applicable)
IV. Registration form for receiving research, communication and interview in the report
period
Contents discussed and
Date Place Method Type Reception object
materials supplied
Operation condition and
Headquarters of the Telephone assets status of the
2014.1.1～2014.3.31 Individual Individual investor
Company communication Company and progress of
urban renewal projects etc.
Board of Directors of
Shenzhen Zhongheng Huafa Co., Ltd.
22 April 2014
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