深圳中恒华发股份有限公司 2018 年第一季度报告全文
Shenzhen Zhongheng Huafa Co., Ltd.
First Quarterly Report 2018
April 2018
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
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.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Li Zhongqiu, person in charge of the Company, Yang Bin, 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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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Section II. Basic situation of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□Yes √ No
At the same period of last Changes of this period over
Current period
year same period of last year
Operating income (RMB) 171,620,013.62 191,829,256.72 -10.54%
Net profit attributable to shareholders of
307,367.89 421,173.37 -27.02%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting 5,469.74 -36,964.59 114.80%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
337,819.42 -18,501,959.59 101.83%
activities (RMB)
Basic earnings per share (RMB/Share) 0.0011 0.0015 -26.67%
Diluted earnings per share (RMB/Share) 0.0011 0.0015 -26.67%
Weighted average ROE 0.10% 0.13% -0.03%
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) 600,196,482.65 629,762,731.38 -4.69%
Net assets attributable to shareholder of
320,980,345.91 320,672,978.02 0.10%
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
-266,354.57
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
450,000.00
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the 60,618.20
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
aforementioned items
Other gain/loss items satisfying the definition of nonrecurring
110,910.67
gain/loss account
Less: impact on income tax 53,276.15
Total 301,898.15 --
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
In reporting period, the Company has no particular about 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
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total number of common shareholders at the end of this report period and top ten common shareholders
In shares
Total preference shareholders
Total common stock shareholders in with voting rights recovered at
28,974 0
reporting period-end end of reporting period (if
applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Shareholder’s Nature of Proportion of Amount of shares
restricted shares
name shareholder shares held held State of share Amount
held
Wuhan Domestic Pledged 116,489,894
Zhongheng non-state-owned 41.14% 116,489,894 0
Frozen 116,489,894
Group legal person
SEG (HONG Pledged 0
Overseas legal
KONG) CO., 5.85% 16,569,560 0
person Frozen 0
LTD.
GOOD HOPE Pledged 0
CORNER Overseas legal
4.49% 12,700,000 0
INVESTMENTS person Frozen 0
LTD
Changjiang Pledged 0
Securities Overseas legal
1.89% 5,355,249 0
Brokerage person Frozen 0
(Hongkong) Co.,
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Ltd.
Domestic nature Pledged 0
Zhong Jiachao 1,124,774 0
person Frozen 0
LI SHERYN Overseas legal Pledged 0
1,036,200 0
ZHAN MING person Frozen 0
Domestic nature Pledged 0
Li Senzhuang 956,600 0
person Frozen 0
Domestic nature Pledged 0
Han Yaming 864,200 0
person Frozen 0
Overseas legal Pledged 0
BINGHUA LIU 840,313 0
person Frozen 0
Domestic nature Pledged 0
Zhou Hongbing 800,000 0
person Frozen 0
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
RMB common
Wuhan Zhongheng Group 116,489,894 116,489,894
share
Domestically
SEG (HONG KONG) CO., LTD. 16,569,560 listed foreign 16,569,560
shares
Domestically
GOOD HOPE CORNER
12,700,000 listed foreign 12,700,000
INVESTMENTS LTD
shares
Domestically
Changjiang Securities Brokerage
5,355,249 listed foreign 5,355,249
(Hongkong) Co., Ltd.
shares
RMB common
Zhong Jiachao 1,124,774 1,124,774
share
Domestically
LI SHERYN ZHAN MING 1,036,200 listed foreign 1,036,200
shares
Domestically
Li Senzhuang 956,600 listed foreign 956,600
shares
Domestically
Han Yaming 864,200 listed foreign 864,200
shares
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Domestically
BINGHUA LIU 840,313 listed foreign 840,313
shares
RMB common
Zhou Hongbing 800,000 800,000
share
Among the top ten shareholders, Wuhan Zhongheng New Science & Technology Industrial
Group Co., Ltd. neither bears associated relationship with other shareholders, nor belongs to
Explanation on associated the consistent actor that are prescribed in Measures for the Administration of Disclosure of
relationship among the aforesaid Shareholder Equity Changes of Listed Companies. The Company neither knew whether there
shareholders 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 10 common
shareholders involving margin N/A
business (if applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√Applicable □Not applicable
Item 2018-3-31 2017-1-1 Y-o-y changes Reasons of changes
Account paid in 21,059,239.02 2,878,128.01 631.70% Account paid in advance for material to Haier
advance in the Period
8,687,027.96 4,335,729.72 100.36% Rental from Jifang Investment are not
Other receivables collected in the period
Construction in 1,172,756.00 654,356.00 79.22% Fence construction in Gongming increased in
process the period
Accounts payable 57,200,204.76 84,004,870.73 -31.91% Payable are written down by part of the
payment paid in advance
Account received 367,676.99 278,128.18 32.20% Some of the account for goods are collected
in advance advance in the period
Employee salary 3,106,633.16 5,083,357.93 -38.89% Year-end bonus are issued in the period
payable
Interest payable 255,829.74 164,895.80 55.15% Short-term loans increased in the period
Item Jan.-March of 2018 Jan.-March of 2017 Y-o-y changes Reasons of changes
Financial expenses 4,354,111.52 2,759,446.38 57.79% Short-term loans increased in the period
Assets impairment - -93,425.39 100.00% Bad debt of last period are collected
loss
Income from 110,910.67 - Income from bank financial products
investment
Asset disposal -266,354.57 -17,113.46 Current fixed assets disposal losses.
income
Non-operating 1,381.80 271.73 408.52% Current tax payment is overdue.
expenditure
Item Jan.-March of 2018 Jan.-March of 2017 Y-o-y changes Reasons of changes
7,128,845.32 4,088,728.88 74.35% VAT paid in the period are increased at last
Taxes paid period
Cash received from 42,000,000.00 - Bank financial products are redemption
recovering
investment
Cash received from 110,910.67 - Income from bank financial products
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
investment income
Net cash received 412,682.00 55,901.58 638.23% Collection of the account from fixed assets
from disposal of disposal declined in the period
fixed, intangible
and other
long-term assets
Cash paid for 3,851,816.62 2,406,232.31 60.08% Renewing fixed assets equipment in the
purchasing fixed, period
intangible and
other long-term
assets
Cash paid for 42,000,000.00 - Purchasing bank financial prodcuts
investment
Cash received from 131,532,341.95 41,987,422.93 213.27% short-term loans increased in the period
loans
Cash paid for 131,560,722.31 41,098,717.81 220.11% Short-term loans are paid in the period
settling debts
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) The Company signed Asset Exchange Contract with Wuhan Zhongheng Group on 29 April 2009 (details were referred to in the
announcement dated 30 April 2009), and pursuant to the contract, since part of the assets of the Company (namely two parcel of
industrial lands located at Huafa road, Gongming town, Guangming new district, Shenzhen (the property certificate No. were SFDZ
No.7226760 and SFDZ No.7226763, No. of parcels were A627-005 andA627-007, and the aggregate area was 48,200 sq.m) were the
lands listed in the first batch of plan for 2010 Shenzhen urbanization unit planning preparation plan. For promotion of such
urbanization project and joint cooperation, the Company has not completed the transfer procedures in respect of the aforesaid land.
The Company convoked the first extraordinary meeting of the Board in 2015 on February 16, 2015 and the first extraordinary general
meeting of the Board in 2015 on March 4, 2015, which considered and approved the “Motion on promoting and implementing the
urban renewal project for the renewal units of Huafa area at Gongming street, Guangming new district, Shenzhen”, specified that the
Company and Wuhan Zhongheng Group shall obtain the corresponding compensatory consideration for removal from the
respectively owned project plots and the respectively contributed and constructed above-ground buildings before the land
development, it is estimated that the compensatory consideration obtained by the Company accounts for 50.5% of the total
consideration and Wuhan Zhongheng Group accounts for 49.5% by calculation.
The sixth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting held on September 11,
2015 have considered and adopted the “Proposal on the project promotion and implementation of urban renewal and the progress of
related transactions of ‘the updated units at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen’”, the company has
signed the “Agreement on the cooperation of urban renewal project of the updated units at Huafa Area, Gong Ming Street,
Guangming New District, Shenzhen”, “Contract for the cooperative venture of reconstruction project for Huafa Industrial Park, Gong
Ming Street, Guangming New District” and “Agreement on housing acquisition and removal compensation and resettlement” with
Wuhan Zhongheng New Technology Industry Group Co., Ltd. (hereinafter referred to as “Wuhan Zhongheng Group”), Shenzhen
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Vanke Real Estate Co., Ltd. (hereinafter referred to as “Shenzhen Vanke”), and Shenzhen Vanke Guangming Real Estate
Development Co., Ltd. (hereinafter referred to as “Vanke Guangming”).
On 12 September 2016, the Company received a “Notice of Arbitration No.: SHEN DP20160334” from SCIA, Shenzhen Vanke
applied for arbitration in respect of “Agreement on the cooperation of urban renewal project of the updated units at Huafa Area,
Gong Ming Street, Guangming New District, Shenzhen” against the Company and Wuhan Zhongheng Group. The arbitration court
holds hearings on 12 November 2016 and 13 May 2017. Shenzhen Court of International Arbitration (SCIA) has given a ruling in
August 2017, although most of the arbitration claims proposed by Shenzhen Vanke are rejected by arbitration court, the arbitration
procedures and so-called cognizance of fact of contract breach still has problems in arbitration. The results have damaged the
legitimate rights and interest of the Company, and we have putting forward the application for dismantling in February 2018 to the
Shenzhen Intermediate People’s Court. The Court has accepted the case formally. Progress of the case found more in the Notices
released on Juchao website (www.cninfo.com.cn) dated 14 Sept. 2016, 1 Nov. 2016, 16 Nov. 2016, on 18 Feb. 2017, 24 March 2017,
25 April 2017, 1 July 2017, 18 August 2017 and 9 Feb. 2018 respectively.
(ii) On 31 December 2015, the 88,750,047 shares held by Wuhan Zhongheng Group, are pledge to China Merchants Securities
Assets Co., Ltd. with due date of 31 December 2016. Wuhan Zhongheng Group deferred the repurchase business day to 30 June 2017.
on 1 Feb. 2016, Wuhan Zhongheng Group pledge the 27,349,953 shares held to China Merchants Securities Assets Co., Ltd. with
due date of 31 December 2016. The above mentioned shares are deferred for repurchase of stock pledge by Wuhan Zhongheng
Group; pledge expired on 31 December 2017. The trading day for repurchase put off to the date when pledge actually removed. Till
end of this period released, controlling shareholder still not removed the pledge and the Company has apply by letter, relevant Notice
of Presentment on Stock Pledge from Controlling Shareholder was released. Found more in notice released on Juchao website
(www.cninfo.com.cn) date 2 Feb. 2018.
(iii) stock of the Company 116,489,894 shares (41.14% in total share capital of the Company) held by controlling shareholdre Wuhan
Zhongheng Group are being judicially freeze from 27 September 2016 to 26 September 2018. Found more in the notice released by
the Company on Juchao Website (www.cninfo.com.cn) dated 27 October 2016
(iv) On March 21, 2014, Huafa Property and Shenzhen Jifang Investment Co., Ltd. (hereinafter referred to as "Jifang Investment")
signed the "Shenzhen Housing Leasing Contract" and the "Supplemental Agreement on Leasing Contract", which were canceled on
February 5, 2016. As Jifang Investment occupied the site, and defaulted rent, management fee and water and electricity bills in the
long term, in order to safeguard the legitimate rights and interests, Huafa Property submitted a request for arbitration to Shenzhen
Arbitration Commission on March 8, 2016, and received the (2016) SZCZ No. 346 ruling paper from Shenzhen Arbitration
Commission in November 2016 which ruled Huafa Property won the lawsuit. See details on the notice published at
www.cninfo.com.cn by the Company on November 8, 2016.
(v) Mr. Li Yongping, the director and vice-president of the company, has applied for resigning the director, vice-president and the
committee member of the special committee under the board of directors of the company due to the mandatory retirement age (60
years old), recommended by the company’s second largest shareholder, SEG (Hong Kong) Co., Ltd., the company’s first
extraordinary general meeting of shareholders in 2017 considered and approved Mr. Zhang Guangliu to be the director of the
company, and elected Mr. Zhang Guangliu as the vice-president of the company’s 9th Board of Directors by the 3rd extraordinary
meeting of the board of directors of the company in 2017, see details on the relevant announcement the company issued at
www.cninfo.com.cn on July 19, 2017.
(vi) Commitment of overweight
On 20 November 2017 and 28 November 2017, the controlling shareholders respectively made commitments to increase the
shareholding of 2.83 million shares of the company’s B Shares and no less than 2.8 million shares of the company’s A Shares, with a
commitment period of 6 months. As of the disclosure date of this report, it’s still in the commitment fulfillment period, and the
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
commitment has not been fulfilled.
Summary of important issues Disclosure date Interim report disclosure index
III. 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 Commitment Commitment
Commitments Promise Content of commitments Implementation
commitments date term
The enterprise and its subsidiaries
will not participate directly or
indirectly in operation of the
Implement
business with competitive of Shen
Wuhan since 12 April
Huafa and its controlling subsidiary In normal
Zhongheng 2007-03-29 2007
concerned, and not to damage the implementing
Group throughout the
interest of the Shen Huafa and its
year
controlling subsidiary by making
use of the potential controlling-ship
of the Shen Huafa either
The enterprise and its subordinate
enterprise shall avoid a related
transaction as far as possible with
Shen Huafa and its controlling
subsidiary, as for the related
dealings occurred inevitable or
Commitments for
have reasonable cause, the
share reform
enterprise promise to follow the
Implement
principle of fair-ness, justice and
Wuhan since 12 April
open-ness, signed the agreement in In normal
Zhongheng 2007-03-29 2007
line with the laws, perform legal implementing
Group throughout the
program, fulfill information
year
disclosure obligation and relevant
approval procedures according to
the relevant laws, regulations and
“Listing Rules” of the Shenzhen
Stock Exchange, guarantee not to
damage the legal interest of Shen
Huafa and its shareholders through
related transactions
Wuhan After acquisition and assets Implement
In normal
Zhongheng restructuring, guarantee to have an 2007-03-29 since 12 April
implementing
Group independent staff, owns 2007
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
independent and completed assets, throughout the
and independent in aspect of year
business, financial and institution
from Shen Huafa
Commitments in
report of
acquisition or
equity change
Commitments in
assets
reorganization
Commitments
make in initial
public offering or
re-financing
Equity incentive
commitment
Regarding the lawsuit with
Shenzhen Vanke: 1. If the
arbitration judges Shenzhen Vanke
to win, the arbitration losses caused
Implemented
Wuhan by the contract disputes shall be
since 20 In normal
Zhongheng undertaken by Wuhan Zhongheng 2016-12-20
December implementing
Group Group in full; 2. The contingent
2016
losses and risks arising from the
termination of relevant contracts
shall be undertaken by Wuhan
Other Zhongheng Group in advance.
commitments for
medium and Ended as the
small
Promise to increasing shares of reporting period,
shareholders Wuhan In 6 months
holding as 2.83 million shares of the promises during
Zhongheng 2017-11-20 since the date
B-stock of the Company in 6 performance period
Group of notification
months since the letter delivery has not been
implemented yet
Ended as the
Promise to increasing shares of reporting period,
Wuhan n 6 months
holding as 2.8 million shares of the promises during
Zhongheng 2017-11-28 since the date
A-stock at least in 6 months since performance period
Group of notification
the letter delivery has not been
implemented yet
Completed on
Yes
time(Y/N)
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
If the
commitments is
not fulfilled on
time, shall
Not applicable
explain the
specify reason
and the next work
plan
IV. Predict of the business performance from January to June 2018
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities Investment
□ Applicable √ Not applicable
No security investment in the Period.
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the report
period
√Applicable □ Not applicable
Date Method Type of investors Basic situation index of investigation
2018-01-04 Telephone communication Individual N/A
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company has no external security against the rules in the Period.
IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 50,833,311.45 68,812,495.97
Settlement provisions
Capital lent
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable 46,630,194.64 64,778,266.65
Accounts receivable 138,153,697.04 148,795,998.26
Accounts paid in advance 21,059,239.02 2,878,128.01
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 8,687,027.96 4,335,729.72
Purchase restituted finance asset
Inventories 56,501,648.45 60,387,021.65
Assets held for sale
Non-current asset due within one
year
Other current assets 50,470.51 52,310.51
Total current assets 321,915,589.07 350,039,950.77
Non-current assets:
Loans and payments on behalf
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment property 51,978,405.02 52,410,958.62
Fixed assets 82,477,515.62 83,619,842.39
Construction in progress 1,172,756.00 654,356.00
Engineering material
Disposal of fixed asset 92,857,471.69 92,857,471.69
Productive biological asset
Oil and gas asset
Intangible assets 42,934,409.72 43,307,316.37
Expense on Research and
Development
Goodwill
Long-term expenses to be
129,166.54 141,666.55
apportioned
Deferred income tax asset 6,731,168.99 6,731,168.99
Other non-current asset
Total non-current asset 278,280,893.58 279,722,780.61
Total assets 600,196,482.65 629,762,731.38
Current liabilities:
Short-term loans 166,169,693.38 166,620,264.81
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 19,369,890.24 17,810,270.28
Accounts payable 57,200,204.76 84,004,870.73
Accounts received in advance 367,676.99 278,128.18
Selling financial asset of
repurchase
Commission charge and
commission payable
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Wage payable 3,106,633.16 5,083,357.93
Taxes payable 11,310,456.31 15,136,277.68
Interest payable 255,829.74 164,895.80
Dividend payable
Other accounts payable 21,371,341.16 19,927,276.95
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 279,151,725.74 309,025,342.36
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 64,411.00 64,411.00
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 64,411.00 64,411.00
Total liabilities 279,216,136.74 309,089,753.36
Owner’s equity:
Share capital 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 146,587,271.50 146,587,271.50
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 77,391,593.25 77,391,593.25
Provision of general risk
Retained profit -186,159,745.84 -186,467,113.73
Total owner’s equity attributable to
320,980,345.91 320,672,978.02
parent company
Minority interests
Total owner’s equity 320,980,345.91 320,672,978.02
Total liabilities and owner’s equity 600,196,482.65 629,762,731.38
Person in charger of accounting works: Yang Bin
Person in charge of accounting organ: Wu Ai’jie
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 14,421,294.39 25,181,764.87
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable
Accounts receivable
Account paid in advance
Interest receivable
Dividends receivable
Other receivables 108,465,005.40 99,922,143.84
Inventories 14,806.50 14,806.50
Assets held for sale
Non-current assets maturing within
one year
Other current assets
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Total current assets 122,901,106.29 125,118,715.21
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investments 186,608,900.00 186,608,900.00
Investment property 27,281,005.68 27,583,299.22
Fixed assets 5,730,531.04 6,821,367.58
Construction in progress 1,172,756.00 654,356.00
Project materials
Disposal of fixed assets 92,857,471.69 92,857,471.69
Productive biological assets
Oil and natural gas assets
Intangible assets 4,807,364.25 4,843,600.68
Research and development costs
Goodwill
Long-term deferred expenses 129,166.54 141,666.55
Deferred income tax assets 7,519,546.71 7,519,546.71
Other non-current assets
Total non-current assets 326,106,741.91 327,030,208.43
Total assets 449,007,848.20 452,148,923.64
Current liabilities:
Short-term borrowings 120,000,000.00 120,000,000.00
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable
Accounts payable 9,740,367.33 10,745,840.16
Accounts received in advance 44,210.00 67,210.00
Wage payable 833,147.02 1,039,196.20
Taxes payable 8,943,727.62 9,305,468.70
Interest payable
Dividend payable
17
深圳中恒华发股份有限公司 2018 年第一季度报告全文
Other accounts payable 12,412,764.86 14,339,551.78
Liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 151,974,216.83 155,497,266.84
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 64,411.00 64,411.00
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 64,411.00 64,411.00
Total liabilities 152,038,627.83 155,561,677.84
Owners’ equity:
Share capita 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 146,587,271.50 146,587,271.50
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 77,391,593.25 77,391,593.25
Retained profit -210,170,871.38 -210,552,845.95
Total owner’s equity 296,969,220.37 296,587,245.80
Total liabilities and owner’s equity 449,007,848.20 452,148,923.64
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 171,620,013.62 191,829,256.72
Including: Operating income 171,620,013.62 191,829,256.72
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 171,509,663.58 191,831,362.18
Including: Operating cost 152,728,695.85 172,648,617.84
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
Operating tax and extras 1,117,886.20 1,491,954.21
Sales expenses 3,844,118.14 3,335,114.13
Administration expenses 9,464,851.87 11,689,655.01
Financial expenses 4,354,111.52 2,759,446.38
Losses of devaluation of asset -93,425.39
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
110,910.67
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
Assets disposal income (Loss is
listed with “-”)
19
深圳中恒华发股份有限公司 2018 年第一季度报告全文
Other income
III. Operating profit (Loss is listed with
221,260.71 -2,105.46
“-”)
Add: Non-operating income 512,000.00 628,235.81
Less: Non-operating expense 267,736.37 17,385.19
IV. Total Profit (Loss is listed with “-”) 465,524.34 608,745.16
Less: Income tax expense 158,156.45 187,571.79
V. Net profit (Net loss is listed with “-”) 307,367.89 421,173.37
(I) Continuous operation net profit
307,367.89 421,173.37
(Net loss is listed with “-”)
(II) Discontinued operation net
profit (Net loss is listed with “-”)
Net profit attributable to owner’s of
307,367.89 421,173.37
parent company
Minority shareholders’ gains 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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method which
will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method which
will be reclassified subsequently to profit
or loss
20
深圳中恒华发股份有限公司 2018 年第一季度报告全文
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale financial
assets
4. The effect hedging portion
of gains or losses arising from cash flow
hedging instruments
5. Translation differences
arising on translation of foreign currency
financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 307,367.89 421,173.37
Total comprehensive income
307,367.89 421,173.37
attributable to owners of parent Company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0011 0.0015
(ii) Diluted earnings per share 0.0011 0.0015
Enterprise combine 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: Li Zhongqiu
Person in charger of accounting works: Yang Bin
Person in charge of accounting organ: Wu Ai’jie
4. Profit Statement of Parent Company
In RMB
Item Current Period Last Period
I. Operating income 9,695,927.93 8,977,861.54
Less: Operating cost 1,069,611.54 921,292.12
Operating tax and extras 608,353.57 664,530.25
Sales expenses
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Administration expenses 5,038,857.70 5,698,725.53
Financial expenses 2,469,805.69 1,638,096.80
Losses of devaluation of asset -93,425.39
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint venture
Assets disposal income (Loss is
listed with “-”)
Other income
II. Operating profit (Loss is listed
509,299.43 148,642.23
with “-”)
Add: Non-operating income 48,833.89
Less: Non-operating expense
III. Total Profit (Loss is listed with
509,299.43 197,476.12
“-”)
Less: Income tax expense 127,324.86 72,725.38
IV. Net profit (Net loss is listed with
381,974.57 124,750.74
“-”)
(I) Continuous operation net profit
381,974.57 124,750.74
(Net loss is listed with “-”)
(II) Discontinued operation net
profit (Net loss is 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 as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
22
深圳中恒华发股份有限公司 2018 年第一季度报告全文
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income 381,974.57 124,750.74
VII. Earnings per share:
(i) Basic earnings per share 0.0013 0.0004
(ii) Diluted earnings per share 0.0013 0.0004
5. Consolidated Cash Flow Statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 129,571,099.86 117,280,399.55
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
23
深圳中恒华发股份有限公司 2018 年第一季度报告全文
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
Net increase of amount from
disposal financial assets that measured
by fair value and with variation
reckoned into current gains/losses
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received
Other cash received concerning
1,231,864.14 1,310,630.85
operating activities
Subtotal of cash inflow arising from
130,802,964.00 118,591,030.40
operating activities
Cash paid for purchasing
commodities and receiving labor 96,423,780.37 103,498,045.42
service
Net increase of customer loans
and advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 18,269,550.80 17,901,932.73
Taxes paid 7,128,845.32 4,088,728.88
Other cash paid concerning
8,642,968.09 11,604,282.96
operating activities
Subtotal of cash outflow arising from 130,465,144.58 137,092,989.99
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
operating activities
Net cash flows arising from operating
337,819.42 -18,501,959.59
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
42,000,000.00
investment
Cash received from investment
110,910.67
income
Net cash received from disposal of
fixed, intangible and other long-term 412,682.00 55,901.58
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
42,523,592.67 55,901.58
activities
Cash paid for purchasing fixed,
3,851,816.62 2,406,232.31
intangible and other long-term assets
Cash paid for investment 42,000,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
45,851,816.62 2,406,232.31
activities
Net cash flows arising from investing
-3,328,223.95 -2,350,330.73
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 131,532,341.95 41,987,422.93
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
131,532,341.95 41,987,422.93
activities
Cash paid for settling debts 131,560,722.31 41,098,717.81
Cash paid for dividend and profit
2,860,474.39 2,261,986.58
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
134,421,196.70 43,360,704.39
financing activities
Net cash flows arising from financing
-2,888,854.75 -1,373,281.46
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -200,355.12 -184,437.86
exchange rate
V. Net increase of cash and cash
-6,079,614.40 -22,410,009.64
equivalents
Add: Balance of cash and cash
81,474,974.30 104,015,312.97
equivalents at the period -begin
VI. Balance of cash and cash
75,395,359.90 81,605,303.33
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 5,470,760.50 5,288,856.39
services
Write-back of tax received
Other cash received concerning
100,278,749.63 20,545,629.33
operating activities
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
Subtotal of cash inflow arising from
105,749,510.13 25,834,485.72
operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 899,173.60 1,584,455.10
Taxes paid 1,637,395.79 904,864.06
Other cash paid concerning
110,421,369.31 17,530,909.03
operating activities
Subtotal of cash outflow arising from
112,957,938.70 20,020,228.19
operating activities
Net cash flows arising from operating
-7,208,428.57 5,814,257.53
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
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
investing activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed,
1,036,800.00 1,367,692.31
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
1,036,800.00 1,367,692.31
activities
Net cash flows arising from investing -1,036,800.00 -1,367,692.31
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深圳中恒华发股份有限公司 2018 年第一季度报告全文
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 100,000,000.00
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
100,000,000.00
activities
Cash paid for settling debts 100,199,862.50
Cash paid for dividend and profit
2,315,212.52 1,643,625.00
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
102,515,075.02 1,643,625.00
financing activities
Net cash flows arising from financing
-2,515,075.02 -1,643,625.00
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -166.89 42.91
exchange rate
V. Net increase of cash and cash
-10,760,470.48 2,802,983.13
equivalents
Add: Balance of cash and cash
25,181,764.87 10,375,152.87
equivalents at the period -begin
VI. Balance of cash and cash
14,421,294.39 13,178,136.00
equivalents at the period -end
II. Audit report
Whether the first quarterly report had been audited or not
□ Yes √ No
The first quarterly report of the Company had not been audited.
28
