深圳中恒华发股份有限公司 2019 年第三季度报告全文
Shenzhen Zhongheng Huafa Co., Ltd.
THE THIRD QUARTERLY REPORT FOR 2019
October 2019
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
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 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.
All directors of the Company are attended the Meeting for quarterly report
deliberation.
Principal of the Company Li Zhongqiu, Person in Charge of Accounting Works
Yang Bin and Person in Charge of Accounting Organ (Accounting Officer) Wu
Aijie hereby confirm that the Financial Report of the Third Quarterly Report is
authentic, accurate and complete.
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period-end Period-end of last year Increase/decrease
Total assets (RMB) 592,145,349.79 617,090,153.46 -4.04%
Net assets attributable to
shareholders of listed company 327,344,694.46 323,968,000.74 1.04%
(RM B)
Increase/decrease in
Increase/decrease in
Year-begin to end of comparison with
Current period comparison with same
the Period year-begin to
period of last year
Period-end of last year
Operating revenue (RM B) 209,822,500.84 40.84% 549,012,674.89 12.05%
Net profit attributable to
shareholders of the listed company 796,282.59 131.84% 3,376,693.72 578.74%
(RM B)
Net profit attributable to
shareholders of the listed company
-207,411.34 93.91% 1,990,500.72 247.14%
after deducting non-recurring gains
and losses (RM B)
Net cash flow arising from
-- -- 53,802,230.92 199.57%
operating activities (RM B)
Basic earnings per share
0.0028 131.82% 0.0119 561.11%
(RM B/Share)
Diluted earnings per share
0.0028 131.82% 0.0119 561.11%
(RM B/Share)
Weighted average ROE 0.25% 1.03% 1.04% 0.88%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RM B
Amount from year-begin to
Item Note
end of the Period
Gains/losses from the disposal of non-current asset (including the
134,781.12
write-off that accrued for impairment of assets)
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
864,100.00
national standards, which are closely relevant to enterprise’s
business)
Gains and losses from assets under trusted investment or
management 100,734.31
Other non-operating income and expenditure except for the
603,744.38
aforementioned items
Less: impact on income tax 317,166.81
Total 1,386,193.00 --
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. State ment of the total shareholders and s hares-held of top ten shareholders at end of the
Period
1. Total number of common shareholders at the end of this report pe riod and top ten common shareholders
In Share
Total preference shareholders
Total common stock shareholders in with voting rights recovered at
24,275 0
reporting period-end end of reporting period (if
applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Nature of Proportion of Amount of shares
Shareholders restricted shares
shareholder shares held held State of share Amount
held
Wuhan Pledged 116,100,000
Zhongheng New
Domestic
Science &
non-state-owned 42.13% 119,289,894 0
Technology Frozen 119,289,894
legal person
Industrial Group
Co., Ltd.
SEG (HONG Overseas legal Pledged 0
5.85% 16,569,560 0
KONG) CO., person Frozen 0
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
LTD.
GOOD HOPE Pledged 0
CORNER Overseas legal
4.49% 12,700,000 0
INVESTM ENTS person Frozen 0
LTD
Changjiang Pledged 0
Securities
Overseas legal
Brokerage 1.89% 5,355,249 0
person Frozen 0
(Hongkong) Co.,
Ltd.
Guoyuan Pledged 0
Securities Overseas legal
1.37% 3,870,117 0
Brokerage (Hong person Frozen 0
Kong) Co., Ltd.
Overseas nature Pledged 0
Li Zhongqiu 1.00% 2,830,000 0
person Frozen 0
LI SHERYN Overseas nature Pledged 0
0.36% 1,022,600 0
ZHAN M ING person Frozen 0
Domestic nature Pledged 0
Li Senzhuang 0.35% 989,350 0
person Frozen 0
Domestic nature Pledged 0
Zhong Jiachao 0.33% 924,799 0
person Frozen 0
Domestic nature Pledged 0
Han Yaming 0.31% 864,200 0
person Frozen 0
Particular about top ten shareholders with un-restrict shares held
Type of shares
Shareholders Amount of un-restrict shares held
Type Amount
Wuhan Zhongheng New Science &
RM B ordinary
Technology Industrial Group Co., 119,289,894 119,289,894
shares
Ltd.
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
INVESTM ENTS LTD
shares
Changjiang Securities Brokerage Domestically
5,355,249 5,355,249
(Hongkong) Co., Ltd. listed foreign
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
shares
Domestically
Guoyuan Securities Brokerage
3,870,117 listed foreign 3,870,117
(Hong Kong) Co., Ltd.
shares
Domestically
Li Zhongqiu 2,830,000 listed foreign 2,830,000
shares
Domestically
LI SHERYN ZHAN M ING 1,022,600 listed foreign 1,022,600
shares
Domestically
Li Senzhuang 989,350 listed foreign 989,350
shares
RM B ordinary
Zhong Jiachao 924,799 924,799
shares
Domestically
Han Yaming 864,200 listed foreign 864,200
shares
Among the top ten shareholders, Li Zhongqiu is the actual controller of Wuhan Zhongheng
Explanation on associated New Science & Technology Industrial Group Co., Ltd and belongs to person acting in
relationship among the top ten concert. The Company neither knew whether there exists associated relationship among the
shareholders or consistent action other shareholders, nor they belong to consistent actors that are prescribed in M easures for
the Administration of Disclosure of Shareholder Equity Changes of Listed Companies.
Explanation on shareholders
involving margin business about top Among the top ten shareholders, Zhong Jiachao holds 924,799 shares of the Company, of
ten common shareholders (if which, 390,799 shares held by normal account, and 534,000 shares held through credit
applicable) security account
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
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy -back agreement dealing in
reporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Section III. Important events
I. Particular about major changes from ite ms of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
Item 2019-9-30 2018-12-31 Y-o-y changes Reasons
Notes receivable 28,890,039.60 69,185,516.71 -58.24% The notes are collected on due increased
in the period
Advance payment 14,944,218.44 31,348,429.54 -52.33% Advance payment for materials declined
in the period
Construction in - 5,727,760.23 -100.00% Construction in process are completed in
process the period
Other non current 289,550.00 3,158,964.00 -90.83% Parts of the item carry-over to assets
assets
Notes payable 14,808,763.96 27,642,356.66 -46.43% Payment by notes declined in the period
Accounts payable 81,859,139.88 60,975,306.43 34.25% Account paid to suppliers in the period
declined
Item Jan. to Sept. 2019 Jan. to Sept. 2018 Y-o-y changes Reasons
Financial expenses 6,852,728.93 5,216,790.23 31.36% Exchange earnings declined in the period
Assets impairment loss 553,901.68 -5,941.50 -9422.59% Bad debt switch back in the period
Investment income 100,734.31 293,005.35 -65.62% Bank financial products declined in the
period
Assets disposal income 134,781.12 -151,337.27 189.06% Income from disposal of aged plastic
injection machines in the period
Non operating income 1,022,432.24 1,413,171.48 -27.65% Subsidies received in the period declined
Non operating 145,387.86 182,806.76 -20.47% Fine for tax overdue occurred last period
expenses
Income tax expense 688,384.81 490,059.24 40.47% Profit increased in the period
Item Jan. to Sept. 2019 Jan. to Sept. 2018 Y-o-y changes Reasons
Cash received from 414,860,034.76 316,333,719.60 31.15% The notes are collected on due increased
selling commodities in the period
and providing labor
services
Taxes paid 7,705,078.65 17,371,156.77 -55.64% VAT paid in the period decreased
Cash received from 100,725.72 293,005.35 -65.62% Bank financial products declined in the
recovering investment period
Net cash received from 321,800.00 967,002.00 -66.72% Aged production equipment are renewal
disposal of fixed last period
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
assets, intangible
assets and other
long-term assets
Other cash received 50,000,000.00 119,000,000.00 -57.98% Bank financial products declined in the
concerning investing period
activities
Cash paid for 7,773,184.27 10,633,271.22 -26.90% Purchased new production equipment
purchasing fixed, last period for new workshop investment
intangible and other
long-term assets
Other cash paid 50,000,000.00 119,000,000.00 Bank financial products declined in the
concerning investing period
activities
Cash received from 184,128,246.40 319,218,464.59 -42.32% Short-term loans declined in the period
loans
Cash paid for debt 224,996,378.63 315,712,397.89 -28.73% Account repayment in the period
payment decreased
Impact on cash or cash 276,036.36 -117,560.33 334.80% Impact on change of exchange rate
equivalent from
change of foreign
exchange
II. Progress of significant events, their influences, and analysis and explanation of their
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 o f
industrial lands located at Huafa road, Gongming town, Guangming new district, Shenzhen (the property certificate No. were SF DZ
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 M arch 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 M ing Street, Guangming New District, Shenzhen’”, the company has
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
signed the “Agreement on the cooperation of urban renewal project of the updated units at Huafa Area, Gong M ing Street,
Guangming New District, Shenzhen”, “Contract for the cooperative venture of reconstruction project for Huafa Industrial Park, Gong
M ing 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
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 M ing Street, Guangming New District, Shenzhen” against the Company and Wuhan Zhongheng Group. The arbitral court
holds hearings on 12 November 2016 and 13 M ay 2017. Shenzhen International Court of Arbitration (South China International
Economic and Trade Arbitration Commission) has made a rule in August 2017, and the Company application for withdrawal to
Shenzhen Intermediate People’s Court in February 2018, the Court made a judgment on 16 August 2018 for dismissed the
Company’s claim. And on 29 August 2018, the Court accepted the application for enforement of Shenzhen Vanke, recently, the
controlling shareholder is actively communicate with relevant parties for solutions. 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 M arch 2017,
25 April 2017, 1 July 2017, 18 August 2017, 9 Feb. 2018, 25 Aug. 2018 and on 7 Sept. 2108 respectively.
(II) On 31 December 2015, the 88,750,047 shares held by Wuhan Zhongheng Group, are pledge to China M erchants 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 M erchants Securities Assets Co., Ltd. with
due date of 31 December 2016. The above-mentioned pledged shares are deferred 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) The controlling shareholder Wuhan Zhongheng Group holds 119,289,894 shares of the Company’ stock, accounting for 42.13% of
the total share capital of the Company, of which 116,489,894 shares were judicially frozen on September 27, 2016, and the frozen
period was until September 13, 2021, which were frozen again by the Shenzhen Intermediate People's Court on December 14, 2018,
with a frozen period of 36 months, the remaining 2,800,000 shares were frozen by the Shenzhen Intermediate People's Court on M ay 29,
2019, and were frozen again by the Higher People’s Court of Guangdong Province on July 5, 2019. For details, please refer to the
company’s announcements published on www.cninfo.com.cn on October 27, 2016, January 11, 2019, M ay 31, 2019 and August 7,
2019.
(IV) The term of office for the 10th BOD was expired in September 2019. the Company hold the 11th session of 9th BOD on 23
August 2019 and call a first extraordinary general shareholders meeting 2019 on 12 September 2019, relevant proposal with general
election of the Board was deliberated and approved. Li Zhongqiu, Jiang Junming, Chen Zhigang, Zheng Chunmei, Yang Xiongwen
and Wu Weihua was elected as the Director of 10 th BOD of the Company.
Information index for temporary report
Overview Date for disclosure
disclosure
Progress of shares buy-back
□ Applicable √ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable √ Not applicable
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
III. Commitme nts that the company, shareholders, actual controlle r, offeror, directors,
supervisors, senior manage ment or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting period
□ Applicable √ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or
other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
VI. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
Type Capital resources Amount for entrust Balance un-expired Overdue amount
Bank financing product Own funds 8,000,000 0 0
Bank financing product Own funds 2,000,000 0 0
Bank financing product Own funds 3,000,000 0 0
Bank financing product Own funds 4,000,000 0 0
Bank financing product Own funds 5,000,000 0 0
Bank financing product Own funds 4,000,000 0 0
Bank financing product Own funds 10,000,000 0 0
Bank financing product Own funds 4,000,000 0 0
Bank financing product Own funds 5,000,000 0 0
Bank financing product Own funds 5,000,000 0 0
Total 50,000,000 0 0
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed:
□ Applicable √ Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
VI. Particulars about de rivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
VII. Registration form of receiving research, communication and intervie w in the report
period
√ Applicable □Not applicable
Date M ethod Type of investors Basic situation index of investigation
Getting the operation condition of the
Company, promotion of the city renewal
2019-07-01 Telephone communication Individual
project and progress of the material
lawsuits
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company has no external security against the rules in the Period.
IX. Non-ope rational 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 2019 年第三季度报告全文
Section IV. Financial Statement
I. Financial state ment
1. Consolidate balance sheet
Prepared by SHENZHEN ZHONGHENG HUAFA CO., LTD
2019-10-25
In RM B
Item 2019-9-30 2018-12-31
Current assets:
M onetary funds 30,355,754.57 34,108,330.27
Settlement provisions
Capital lent
Tradable financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable 28,890,039.60 69,185,516.71
Account receivable 151,728,246.20 116,797,834.51
Receivable financing
Accounts paid in advance 14,944,218.44 31,348,429.54
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 5,191,814.60 5,777,179.08
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 63,816,226.31 62,973,909.38
Contractual assets
Assets held for sale
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Non-current asset due within one
year
Other current assets 42,314.30 59,370.18
Total current assets 294,968,614.02 320,250,569.67
Non-current assets:
Loans and payments on behalf
Debt investment
Finance asset available for sales
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment in other equity
instrument
Other non-current financial assets
Investment real estate 49,385,075.16 50,681,322.86
Fixed assets 196,914,974.04 188,083,873.38
Construction in progress 5,727,760.23
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 43,527,890.29 41,815,689.74
Expense on Research and
Development
Goodwill
Long-term expenses to be
367,865.11 542,116.99
apportioned
Deferred income tax asset 6,691,381.17 6,829,856.59
Other non-current asset 289,550.00 3,158,964.00
Total non-current asset 297,176,735.77 296,839,583.79
Total assets 592,145,349.79 617,090,153.46
Current liabilities:
Short-term loans 120,966,605.20 161,568,657.88
Loan from central bank
Capital borrowed
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Transactional financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Note payable 14,808,763.96 27,642,356.66
Account payable 81,859,139.88 60,975,306.43
Accounts received in advance 128,226.68 159,528.60
Contractual liability
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 4,718,417.05 4,700,208.36
Taxes payable 12,965,116.79 11,232,819.87
Other account payable 29,289,974.77 26,778,863.92
Including: Interest payable 8,071.32 439,558.70
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 264,736,244.33 293,057,741.72
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Long-term account payable
Long-term wages payable
Accrual liability 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 264,800,655.33 293,122,152.72
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
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 -179,795,397.29 -183,172,091.01
Total owner’ s equity attributable to
327,344,694.46 323,968,000.74
parent company
M inority interests
Total owner’ s equity 327,344,694.46 323,968,000.74
Total liabilities and owner’ s equity 592,145,349.79 617,090,153.46
Legal representative: Li Zhongqiu
Person in charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
2. Balance Sheet of Parent Company
In RM B
Item 2019-9-30 2018-12-31
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Current assets:
M onetary funds 4,186,354.56 13,234,774.97
Tradable financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable
Account receivable
Receivable financing
Accounts paid in advance 53,050.00 153,050.00
Other account receivable 101,225,743.86 99,155,253.08
Including: Interest receivable
Dividend receivable
Inventories 14,806.50 14,806.50
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 17,055.88
Total current assets 105,479,954.92 112,574,940.43
Non-current assets:
Debt investment
Available-for-sale financial assets
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 186,608,900.00 186,608,900.00
Investment in other equity
instrument
Other non-current financial assets
Investment real estate 25,468,401.72 26,374,703.70
Fixed assets 98,421,462.10 99,227,872.22
Construction in progress
Productive biological assets
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Oil and natural gas assets
Right-of-use assets
Intangible assets 4,589,945.67 4,698,654.96
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets 7,368,430.48 7,506,905.90
Other non-current assets
Total non-current assets 322,457,139.97 324,417,036.78
Total assets 427,937,094.89 436,991,977.21
Current liabilities:
Short-term borrowings 88,000,000.00 100,000,000.00
Transactional financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable
Account payable 9,740,367.33 10,745,840.16
Accounts received in advance 5,236.01 41,937.00
Contractual liability
Wage payable 820,979.02 1,020,979.02
Taxes payable 7,258,460.88 7,161,707.15
Other accounts payable 25,330,776.21 22,672,441.54
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 131,155,819.45 141,642,904.87
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
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深圳中恒华发股份有限公司 2019 年第三季度报告全文
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee compensation
payable
Accrued 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 131,220,230.45 141,707,315.87
Owners’ 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
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 77,391,593.25 77,391,593.25
Retained profit -210,423,227.31 -211,855,430.41
Total owner’s equity 296,716,864.44 295,284,661.34
Total liabilities and owner’s equity 427,937,094.89 436,991,977.21
3. Consolidated Profit Statement (the period)
In RM B
Item Current Period Last Period
I. Total operating income 209,822,500.84 148,975,383.05
Including: Operating income 209,822,500.84 148,975,383.05
Interest income
Insurance gained
Commission charge and
18
深圳中恒华发股份有限公司 2019 年第三季度报告全文
commission income
II. Total operating cost 210,763,371.30 152,547,071.49
Including: Operating cost 189,516,582.40 137,929,089.05
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
Tax and extras 935,427.72 874,827.13
Sales expense 5,427,379.54 3,619,696.62
Administrative expense 11,289,287.85 10,353,738.68
R&D expense 1,810,336.10
Financial expense 1,784,357.69 -230,279.99
Including: Interest
2,581,721.35 3,060,716.74
expenses
Interest income -125,377.00 -124,684.95
Add: other income 590,800.00 785,000.00
Investment income (Loss is
25,798.17 47,326.25
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 “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
19
深圳中恒华发股份有限公司 2019 年第三季度报告全文
Losses of devaluation of asset
553,901.68
(Loss is listed with “-”)
Income from assets disposal
5,741.55 -45,557.91
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
235,370.94 -2,784,920.10
“-”)
Add: Non-operating income 789,674.24 320,268.43
Less: Non-operating expense 144,287.86 10,000.00
IV Total profit (Loss is listed with “-”) 880,757.32 -2,474,651.67
Less: Income tax expense 84,474.73 26,227.83
V Net profit (Net loss is listed with “-”) 796,282.59 -2,500,879.50
(i) Classify by business continuity
1.continuous operating net profit
796,282.59 -2,500,879.50
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
796,282.59 -2,500,879.50
of parent company
2.M inority 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 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
20
深圳中恒华发股份有限公司 2019 年第三季度报告全文
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.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial assets
re-classify to other comprehensive
income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences
arising on translation of foreign currency
financial statements
9.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 796,282.59 -2,500,879.50
Total comprehensive income
796,282.59 -2,500,879.50
attributable to owners of parent Company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0028 -0.0088
(ii) Diluted earnings per share 0.0028 -0.0088
As for the business merger under the same control in the Period, 0 Yuan net profit realized before merger by the combined party, the
net profit for combined party in last period was 0 Yuan.
21
深圳中恒华发股份有限公司 2019 年第三季度报告全文
Legal representative: Li Zhongqiu
Person in charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
4. Profit Statement of Parent Company (the period)
In RM B
Item Current Period Last Period
I. Operating income 9,961,436.61 7,401,531.71
Less: Operating cost 2,069,605.63 1,795,342.70
Taxes and surcharge 391,785.64 267,744.93
Sales expenses
Administration expenses 5,609,016.68 5,251,598.46
R&D expenses
Financial expenses 2,148,813.04 2,318,899.00
Including: interest
2,145,901.94 2,302,672.47
expenses
Interest income -2,564.86 -2,645.81
Add: other income
Investment income (Loss is
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 income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
553,901.68
(Loss is listed with “-”)
Income on disposal of assets
970.87 -26,592.13
(Loss is listed with “-”)
22
深圳中恒华发股份有限公司 2019 年第三季度报告全文
II. Operating profit (Loss is listed with
297,088.17 -2,258,645.51
“-”)
Add: Non-operating income 717,590.27
Less: Non-operating expense 103,732.84
III. Total Profit (Loss is listed with “-”) 910,945.60 -2,258,645.51
Less: Income tax 123,929.34 -14,661.37
IV Net profit (Net loss is listed with
787,016.26 -2,243,984.14
“-”)
(i)continuous operating net profit
787,016.26 -2,243,984.14
(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
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
23
深圳中恒华发股份有限公司 2019 年第三季度报告全文
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 787,016.26 -2,243,984.14
VII. Earnings per share:
(i) Basic earnings per share 0.0028 -0.0079
(ii) Diluted earnings per share 0.0028 -0.0079
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Total operating income 549,012,674.89 489,960,226.29
Including: Operating income 549,012,674.89 489,960,226.29
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 547,196,425.35 491,123,763.27
Including: Operating cost 487,096,790.74 440,512,068.49
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
24
深圳中恒华发股份有限公司 2019 年第三季度报告全文
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 2,245,537.72 2,587,120.52
Sales expense 14,557,759.76 12,053,059.93
Administrative expense 30,906,279.24 30,754,724.10
R&D expense 5,537,328.96
Financial expense 6,852,728.93 5,216,790.23
Including: Interest
7,937,398.27 9,050,600.05
expenses
Interest income -544,713.28 -474,543.54
Add: other income 590,800.00 785,000.00
Investment income (Loss is
100,734.31 293,005.35
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 “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
-8,432.50
(Loss is listed with “-”)
Losses of devaluation of asset
553,901.68 -5,941.50
(Loss is listed with “-”)
Income from assets disposal
134,781.12 -151,337.27
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
3,188,034.15 -242,810.40
“-”)
Add: Non-operating income 1,022,432.24 1,413,171.48
Less: Non-operating expense 145,387.86 182,806.76
IV Total profit (Loss is listed with “-”) 4,065,078.53 987,554.32
Less: Income tax expense 688,384.81 490,059.24
25
深圳中恒华发股份有限公司 2019 年第三季度报告全文
V Net profit (Net loss is listed with “-”) 3,376,693.72 497,495.08
(i) Classify by business continuity
1.continuous operating net profit
3,376,693.72 497,495.08
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
3,376,693.72 497,495.08
of parent company
2.M inority 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 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.gain/loss of fair value
changes for available-for-sale financial
26
深圳中恒华发股份有限公司 2019 年第三季度报告全文
assets
4.Amount of financial assets
re-classify to other comprehensive
income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences
arising on translation of foreign currency
financial statements
9.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 3,376,693.72 497,495.08
Total comprehensive income
3,376,693.72 497,495.08
attributable to owners of parent Company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0119 0.0018
(ii) Diluted earnings per share 0.0119 0.0018
As for the business merger under the same control in the Period, 0 Yuan net profit realized before merger by the combined party, the
net profit for combined party in last period was 0 Yuan.
Legal representative: Li Zhongqiu
Person in charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Operating income 28,002,571.92 24,362,620.45
27
深圳中恒华发股份有限公司 2019 年第三季度报告全文
Less: Operating cost 5,241,637.22 4,305,861.52
Taxes and surcharge 953,846.69 852,759.55
Sales expenses
Administration expenses 14,633,411.18 16,386,453.83
R&D expenses
Financial expenses 6,572,512.09 7,207,553.05
Including: interest
6,544,235.24 7,205,697.51
expenses
Interest income -12,502.96 -24,668.47
Add: other income
Investment income (Loss is
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 income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
553,901.68
(Loss is listed with “-”)
Income on disposal of assets
970.87 -26,592.13
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
1,156,037.29 -4,416,599.63
“-”)
Add: Non-operating income 718,890.27
Less: Non-operating expense 103,732.84 131,247.82
III. Total Profit (Loss is listed with “-”) 1,771,194.72 -4,547,847.45
Less: Income tax 338,991.62 -459,637.00
IV Net profit (Net loss is listed with
1,432,203.10 -4,088,210.45
“-”)
(i)continuous operating net profit
1,432,203.10 -4,088,210.45
(net loss listed with ‘-”)
28
深圳中恒华发股份有限公司 2019 年第三季度报告全文
(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
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
29
深圳中恒华发股份有限公司 2019 年第三季度报告全文
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 1,432,203.10 -4,088,210.45
VII. Earnings per share:
(i) Basic earnings per share 0.0051 -0.0144
(ii) Diluted earnings per share 0.0051 -0.0144
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 414,860,034.76 316,333,719.60
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 sale
and purchase of securities
Write-back of tax received
30
深圳中恒华发股份有限公司 2019 年第三季度报告全文
Other cash received concerning
14,532,454.74 12,106,490.64
operating activities
Subtotal of cash inflow arising from
429,392,489.50 328,440,210.24
operating activities
Cash paid for purchasing
commodities and receiving labor 269,022,454.37 261,946,585.36
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 workers 48,855,955.01 49,957,977.58
Taxes paid 7,705,078.65 17,371,156.77
Other cash paid concerning
50,006,770.55 53,200,912.21
operating activities
Subtotal of cash outflow arising from
375,590,258.58 382,476,631.92
operating activities
Net cash flows arising from operating
53,802,230.92 -54,036,421.68
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
100,725.72 293,005.35
income
Net cash received from disposal of
fixed, intangible and other long-term 321,800.00 967,002.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning 50,000,000.00 119,000,000.00
31
深圳中恒华发股份有限公司 2019 年第三季度报告全文
investing activities
Subtotal of cash inflow from investing
50,422,525.72 120,260,007.35
activities
Cash paid for purchasing fixed,
7,773,184.27 10,633,271.22
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
50,000,000.00 119,000,000.00
investing activities
Subtotal of cash outflow from investing
57,773,184.27 129,633,271.22
activities
Net cash flows arising from investing
-7,350,658.55 -9,373,263.87
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 184,128,246.40 319,218,464.59
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
184,128,246.40 319,218,464.59
activities
Cash paid for settling debts 224,996,378.63 315,712,397.89
Cash paid for dividend and profit
8,351,111.69 7,630,076.84
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 financing
233,347,490.32 323,342,474.73
activities
Net cash flows arising from financing -49,219,243.92 -4,124,010.14
32
深圳中恒华发股份有限公司 2019 年第三季度报告全文
activities
IV Influence on cash and cash
equivalents due to fluctuation in 276,036.36 -117,560.33
exchange rate
V Net increase of cash and cash
-2,491,635.19 -67,651,256.02
equivalents
Add: Balance of cash and cash
27,961,209.60 81,474,974.30
equivalents at the period -begin
VI. Balance of cash and cash
25,469,574.41 13,823,718.28
equivalents at the period -end
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 20,170,963.62 25,983,655.00
services
Write-back of tax received
Other cash received concerning
115,634,867.63 108,279,703.54
operating activities
Subtotal of cash inflow arising from
135,805,831.25 134,263,358.54
operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 2,647,115.02 2,681,972.90
Taxes paid 1,683,890.02 3,960,136.96
Other cash paid concerning
122,196,203.72 123,071,047.66
operating activities
Subtotal of cash outflow arising from
126,527,208.76 129,713,157.52
operating activities
Net cash flows arising from operating
9,278,622.49 4,550,201.02
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
33
深圳中恒华发股份有限公司 2019 年第三季度报告全文
investment
Cash received from investment
income
Net cash received from disposal of
fixed, intangible and other long-term 82,000.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
82,000.00
activities
Cash paid for purchasing fixed,
5,412.95 1,126,400.00
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
5,412.95 1,126,400.00
activities
Net cash flows arising from investing
-5,412.95 -1,044,400.00
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Cash received from loans 90,000,000.00 200,000,000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
90,000,000.00 200,000,000.00
activities
Cash paid for settling debts 102,000,000.00 217,079,416.68
Cash paid for dividend and profit
6,544,235.24 6,161,298.54
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing 108,544,235.24 223,240,715.22
34
深圳中恒华发股份有限公司 2019 年第三季度报告全文
activities
Net cash flows arising from financing
-18,544,235.24 -23,240,715.22
activities
IV Influence on cash and cash
equivalents due to fluctuation in 1,567.34
exchange rate
V Net increase of cash and cash
-9,271,025.70 -19,733,346.86
equivalents
Add: Balance of cash and cash
12,024,179.58 25,181,764.87
equivalents at the period -begin
VI. Balance of cash and cash
2,753,153.88 5,448,418.01
equivalents at the period -end
II. Financial statement adjustment
1. Relevant items of the financial statement at beginning of the year when implementing the new financial
instrument standards, new revenue standards or new leasing standards since 2019
□ Applicable √ Not applicable
2. Explanation on comparative data in the early stage of retroactive adjustment while implemented the new
financial instrument standards or new leasing standards since 2019
□ Applicable √ Not applicable
III. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.
35
