Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Stock code: 000022/200022 Abbreviation of the stock: Chiwan A/Chiwan B Announcement serial No.2012-032
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
Abstract of the Semi-Annual Report
For the Six Months Ended 30 June 2012
I. Important Notes
（I） The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior
management staff of Shenzhen Chiwan Wharf Holdings Limited (hereinafter referred to as “the
Company”) hereby confirm that there exists no omission, misstatement, or misleading information in
this report, and accept, individually and collectively, the responsibility for the factuality, accuracy
and completeness of the contents of this report. The report is abstracted from the semi-annual report
2012, which is published on the internet website http://www.cninfo.com.cn in the mean time. The
investors are suggested to read the full text of the Semi-Annual Report 2012 to understand more
details.
（II） All directors, supervisors and senior management staff agreed to and guaranteed the correctness,
accuracy and completeness of the contents of the Semi-Annual Report.
（III） This Semi-Annual Report has been reviewed and approved by the Fourth session of the Seventh
Board of Directors of the Company.
（IV） Due to business reasons, Director Mr.Yuan Yuhui and Director & Executive Vice GM Mr. Zhang
Ning did not attend the meeting and have given their consent to the full contents of this semi-annual
report and appointed Director Mr. Tian Junyan and Director Mr. Fan Zhaoping respectively as their
proxies to attend and speak at the meeting on their behalf.
（V） The Financial Report enclosed in the Semi-Annual Report 2012 of the Company has not been
audited by a CPAs firm.
（VI） Chairman of the Board Mr. Zheng Shaoping, as well as Chief Financial Officer of the Company Mr.
Zhang Jianguo and Financial Manager Ms. Ma Zhihong hereby confirm that the financial report
contained herein is true and complete.
（VII） The Semi-Annual Report is written in both Chinese and English. In case of any discrepancy between
the two versions, the Chinese version shall prevail.
II. Company Profile
（I） Basic information
A-share code 000022 B-share code 200022
A-share abbreviation Chiwan A B-share abbreviation Chiwan B
Stock exchange listed with Shenzhen Stock Exchange
Company Secretary Securities Affairs Representative
Name Ms. Bu Dan Ms. Hu Jingjing
Address 8/F., Chiwan Petroleum Building, Shenzhen, PRC
Tel 0755-26694222 0755-26694222
Fax 0755-26684117 0755-26684117
E-mail cwh@cndi.com cwh@cndi.com
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
（II） Financial highlights
1. Major accounting data
Any retrospective adjustment in previous financial statements?
□ Yes √ No
As at 30 Jun. 2012 As at 31 Dec. 2011 +/- (%)
Total assets (Yuan) 6,980,962,668 6,540,228,435 6.74%
Total equity attributable to equity holders of
3,432,061,493 3,467,796,751 -1.03%
the Company (Yuan)
Share capital (share) 644,763,730 644,763,730 0.00%
Net assets per share attributable to equity
5.323 5.378 -1.02%
holders of the Company (Yuan/share)
Asset-liability ratio (%) 40.58% 37.22% 3.36%
Jan.-Jun. 2012 Jan.-Jun. 2011 +/- (%)
Revenue (Yuan) 854,104,190 844,983,574 1.08%
Operating profit (Yuan) 365,218,883 403,107,347 -9.40%
Total profit (Yuan) 368,527,624 403,297,147 -8.62%
Net profit attributable to equity holders of the
222,035,234 258,357,428 -14.06%
Company (Yuan)
Net profit attributable to equity holders of the
Company after extraordinary gains and losses 219,634,546 258,193,085 -14.93%
(Yuan)
Basic earnings per share (Yuan/share) 0.344 0.401 -14.21%
Diluted earnings per share (Yuan/share) 0.344 0.401 -14.21%
Weighted average return on net assets (%) 6.24% 7.78% -1.54%
Weighted average return on net assets
6.17% 7.78% -1.61%
after extraordinary gains and losses (%)
Net cash flow from operating activities
348,987,301 301,380,845 15.80%
(Yuan)
Net cash flow per share arising from
0.541 0.467 15.85%
operating activities (Yuan/share)
2. Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Items Amount Note (if applicable)
Net gains on disposal of non-current assets 1,098,272
Government grants in current year profit 411,252
Other non-operating income/ (expense), net 1,799,217
Minority interests effects (after tax) (716,299)
Tax effects (191,754)
Total 2,400,688 --
3. Net profit and net asset differences between financial reports disclosed according to the international and
Chinese accounting standards respectively
□Applicable √Inapplicable
4. Net profit and net asset differences between financial reports disclosed according to the overseas and
Chinese accounting standards respectively
□Applicable √Inapplicable
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
III. Changes in Share Capital and Particulars about Shareholders
（I） Changes in share capital
√Applicable □Inapplicable
Before the change Increase (+)/ decrease (-) After the change
Issue of
Percentage Bonus Reserves Percentage
Number additional Other Sub-total Number
(%) issue to stocks (%)
shares
1.Shares subject to trading
754,504 0.12% -50,852 -50,852 703,652 0.11%
moratorium
a. State-owned shares
b. State-owned legal
person shares
c. Other domestic shares
Including: Shares held by
domestic legal persons
Shares held by domestic
individuals
d. Shares held by overseas
shareholders
Including: Shares held by
overseas legal persons
Shares held by overseas
individuals
e. Shares held by senior
754,504 0.12% -50,852 -50,852 703,652 0.11%
management staff
2. Shares not subject to
644,009,226 99.88% 50,852 50,852 644,060,078 99.89%
trading moratorium
a. Ordinary shares
464,789,805 72.09% 0 0 464,789,805 72.09%
denominated in RMB
b. Domestically listed
179,219,421 27.79% 50,852 50,852 179,270,273 27.79%
foreign shares
c. Overseas listed foreign
shares
d. Others
3.Total shares 644,763,730 100% 644,763,730 100%
※ Restricted shares held by some senior management staff changed because the trading moratorium on them was lifted as these
management staff retired.
（II） Top ten shareholders and top ten shareholders holding shares not subject to trading moratorium
37,751 at the end of the reporting period, among which 28,999 are shareholders of
Total number of shareholders
A shares and 8,752 are shareholders of B shares
Shareholdings of top ten shareholders (all being shareholders holding shares not subject to trading moratorium)
Nature of
Shares no Shares Type of
shareholder Shareho Shares
subject to subject to shares
(holder of lding pledged
Name of shareholder (full name) trading trading (A, B, H
A shares or percenta or frozen
moratorium moratorium or other
holder of B ge (share)
(share) (share) shares)
shares)
Holder of
CHINA NANSHAN DEVELOPMENT (GROUP) INC. 57.52% 370,878,000 0 0 A shares
A shares
Holder of
KEEN FIELD ENTERPRISES LIMITED 8.31% 53,567,385 0 N/A B shares
B shares
CMBLSA RE FTIF TEMPLETON ASIAN GRW FD GTI Holder of
7.43% 47,914,954 0 N/A B shares
5496 B shares
Holder of
GOVERNMENT OF SINGAPORE INV. CORP.- A/C "C" 0.92% 5,951,444 0 N/A B shares
B shares
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Holder of
ICBC-BOSERA SELECTION STOCK FUND 0.63% 4,079,823 0 N/A A shares
A shares
Holder of
EMPLOYEES PROVIDENT FUND 0.55% 3,576,266 0 N/A B shares
B shares
Holder of
OMERS ADMINISTRATION CORPORATION(SC03) 0.5% 3,238,309 0 N/A B shares
B shares
Holder of
TEMPLETON CANADA EMERGING MKTS FUND 0.41% 2,671,924 0 N/A B shares
B shares
Holder of
TEMPLETON ASIAN GROWTH FUND 0.41% 2,648,652 0 N/A B shares
B shares
FTIF-TEMPLETON EMERGING MKT SMALLER Holder of
0.39% 2,522,279 0 N/A B shares
COMPANIES FUND B shares
Except Keen Field Enterprises Limited, China Nanshan Development (Gro
up) Inc. (hereinafter referred to as “CND”) does not have any relations wit
Explanation on associated relationship among the top ten
shareholders: h the shareholders holding shares not subject to trading moratorium. The C
ompany does not know if there are any inter-relations among other
shareholders holding shares not subject to trading moratorium.
（III） Change of the controlling shareholder and the actual controller
□Applicable √Inapplicable
IV. Particulars about Directors, Supervisors and Senior Management
Shareholding changes of directors, supervisors and senior management
Number of Number of Number of Number of Number of
Reaso
shares shares shares shares Shares subject to stock options
n for
Name Title held at increased in decreased in held at trading moratorium held at
chang
year-begin reporting reporting period-end (share) period-end
es
(share) period (share) period (share) (share) (share)
Zheng Chairman of Uncha
212,652 0 0 212,652 159,489 0
Shaoping the Board nged
Uncha
Wang Fen Director 82,632 0 0 82,632 61,974 0
nged
Uncha
Fan Zhaoping Director 53,877 0 0 53,877 40,407 0
nged
Uncha
Yuan Yuhui Director 14,040 0 0 14,040 10,530 0
nged
Director&
Deputy Uncha
Zhang Ning 146,991 0 0 146,991 110,243 0
General nged
Manager
Zhao Uncha
Supervisor 64,954 0 0 64,954 48,716 0
Chaoxiong nged
Uncha
Ni Keqin Supervisor 38,772 0 0 38,772 29,079 0
nged
Deputy
Uncha
Qu Jiandong General 127,254 0 0 127,254 95,440 0
nged
Manager
Deputy
Uncha
Zhao Qiang General 15,103 0 0 15,103 11,327 0
nged
Manager
Deputy
Zhang General Uncha
98,782 0 0 98,782 74,087 0
Jianguo Manager, nged
CFO
Deputy
Xiong Uncha
General 83,147 0 0 83,147 62,360 0
Haiming nged
Manager
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
V. Report of the Board of Directors
（I） Core businesses in different industries and products
Unit: Yuan
Core businesses in different industries
YoY +/- of YoY +/- of
Operating profit YoY +/- of
Business Revenue Operating cost operating Operating
margin (%) revenue
cost profit margin
Cargo handling 797,795,156 359,229,748 54.97% 0.94% 7.24% -4.60%
（II） Core businesses in different areas
Unit: Yuan
Area Operating revenue +/- YOY
Mainland PRC 850,895,987 1.04%
Hong Kong 3,208,203 12.02%
（III） Reasons for any significant change in main business and its structure
□Applicable √Inapplicable
（IV） Reasons for any significant change in profitability of main business (gross profit rate) compared with
that in the last year
□Applicable √Inapplicable
（V） Analysis on reasons of significant changes in profit breakdown compared with the last year
□Applicable √Inapplicable
（VI） Particulars about utilization of the raised funds
1. Utilization of the raised funds
√Applicable □Inapplicable
Unit: ’000 Yuan
Total raised funds 500,000
Raised funds input in the reporting period 500,000
Accumulative input raised funds 500,000
Raised funds with changed use in the reporting
0
period
Accumulative raised funds with changed use 0
Proportion of accumulative raised funds with
0%
changed use
General utilization of the raised funds
The raised funds have been used for repaying bank loans and supplementing working capital.
2. Change of projects invested with raised funds
□Applicable √Inapplicable
（VII） Revision of the Board of Directors’ business plan for the second half of the year
□Applicable √Inapplicable
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
（VIII） Business performance estimate for Jan.-Sept. 2012
Warnings of estimated possible losses or major changes of the accumulative net profit achieved during the period
from the beginning of the year to the end of the next reporting period compared with the same period of last year,
as well as the reasons
□Applicable √Inapplicable
（IX） Explanation of the Board of Directors on “Non-standard Auditing Report” issued by the CPA firm
for the reporting period
□Applicable √Inapplicable
（X） Explanation of the Board of Directors on changes and solutions of the issues involved in the
“Non-standard Auditing Report” issued by the CPA firm for last year
□Applicable √Inapplicable
VI. Significant Events
（I） Purchase, sales and reorganization of assets
1. Purchase of assets
□Applicable √Inapplicable
2. Sale of assets
□Applicable √Inapplicable
3. Status of acquisition, sale or reorganization of assets since relevant announcements were released and the
influence on business and finance
□Applicable √Inapplicable
（II） Guarantees
√Applicable □Inapplicable
Unit: ’000 Yuan
External guarantee the Company provided (excluding the guarantee for subsidiaries)
Disclosure Actual
Actual Guarantee
date of Amount for occurrence date Type of Period of Executed
Guaranteed party guarantee for a related
relevant guarantee (date of guarantee guarantee or not
amount party or not
announcement agreement)
Total external guarantee line Total actual occurred amount
approved during the reporting 0 of external guarantee during 0
period(A1) the reporting period(A2)
Total external guarantee line that has Total actual external guarantee
been approved at the end of the 0 balance at the end of the 0
reporting period(A3) reporting period(A4)
Guarantee for the subsidiaries of the Company
Disclosure Actual
Actual Guarantee
date of Amount for occurrence date Type of Period of Executed
Guaranteed party guarantee for a related
relevant guarantee (date of guarantee guarantee or not
amount party or not
announcement agreement)
Dongguan Chiwan 21 Oct.
Wharf Company 22 Jul. 2011 200,000 21 Oct. 2011 95,000 Guarantee 2011-20 Oct. No No
Limited 2016
Dongguan Chiwan 9 Feb.
Wharf Company 22 Jul. 2011 200,000 9 Feb. 2012 100,000 Guarantee 2012-8 Feb. No No
Limited 2017
Total guarantee line approved for the Total actual occurred amount
subsidiaries during the reporting 200,000 of guarantee for the 100,000
period subsidiaries during the
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
(B1) reporting period(B2)
Total guarantee line that has been Total actual guarantee balance
approved for the subsidiaries at the 1,000,000 for the subsidiaries at the end 195,000
end of the reporting period(B3) of the reporting period(B4)
Total guarantee amount of the Company (including the guarantee for the subsidiaries)
Total actual occurred amount
Total guarantee line approved during
200,000 of guarantee during the 100,000
the reporting period(A1+B1)
reporting period(A2+B2)
Total guarantee line that has been
Total actual guarantee balance
approved at the end of the reporting
1,000,000 at the end of the reporting 195,000
period
period(A4+B4)
(A3+B3)
Proportion of total guarantee amount (A4+B4) to the net assets of
5.68%
the Company
Of which:
Amount of guarantee for shareholders, actual controller and related
0
parties(C)
Amount of debt guarantee provided for the guaranteed party whose
0
asset-liability ratio is not less than 70% directly or indirectly(D)
Part of the amount of the total guarantee over 50% of net assets(E) 0
Total amount of the above three guarantees(C+D+E) 0
Explanation on possible bearing joint responsibility of liquidation The subsidiaries use the credit lines and take the responsibility of
due to immature guarantee repayment, and the Company takes the joint responsibility.
Explanation on provision of guarantees for external parties in
N/A
violation of the prescribed procedure
（III） Non-operating credits and liabilities with related parties
√Applicable □Inapplicable
Unit: ’000 Yuan
Lending funds to related parties Borrowing funds from related parties
Related parties
Trading amount Balance Trading amount Balance
China Merchants Bank Co., Ltd. 592,580.86 60,066.58 0 0
Total 592,580.86 60,066.58 0 0
The Company did not provide any funds to controlling shareholder and its subsidiaries during the reporting period
with the balance being zero.
（IV） Significant litigations and arbitrations
□Applicable √Inapplicable
（V） Other significant events, as well as their influence and solutions
1. Securities investment
□Applicable √Inapplicable
2. Equity of other listed companies held by the Company
√Applicable □Inapplicable
Unit: Yuan
Gains/ Changes in
Shareholdin
Initial Book value (losses) owners’
Stock Short name of the g percentage Accounting
investment at in equity during Source of Shares
code stock in the listed Title
amount period-end reporting reporting
company
period period
Legal person shares
Available-for-s
JiangSu with trading rights
600377 1,120,000 0.02% 5,870,000 - 135,000 ale financial
Expressway obtained through a
assets
stock right split reform
Shenzhen Long-term
400032 Petrochemical 3,500,000 0.26% 382,200 - - equity Legal person shares
Industry (Group) investment
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Co., Ltd.
Guangdong Long-term
400009 Guang Jian Group 27,500 0.02% 17,000 - - equity Legal person shares
Limited Company investment
Total 4,647,500 -- 6,269,200 - 135,000 -- --
3. Non-operational capital occupied by the principal shareholder and subsidiary enterprises and progress
in clearing debt
□Applicable √Inapplicable
The accountability plan put forward by the Board of Directors when the Company had not completed collecting
the capital occupied for non-operating purposes by the end of the reporting period
□Applicable √Inapplicable
4. Fulfillment of commitments
Commitments made by the Company, its directors, supervisors, senior management, shareholders holding more
than 5% shares of the Company, actual controller or any other relevant party in this reporting period, or such
commitments carried down into this reporting period
□Applicable √Inapplicable
5. Pre-plan of the Board of Directors for profit distribution or turning capital reserves into share capital
□Applicable √Inapplicable
6. Other comprehensive income
Unit: Yuan
Items This reporting period Same period of last year
1. Gain/(loss) arising from available-for-sale financial assets 180,000 (1,230,000)
Less: Income tax relating to available-for-sale financial assets (45,000) 295,200
Net amount transferred into profit and loss in the current period that
- -
recognized into other comprehensive income in prior period
Subtotal 135,000 (934,800)
2. Attributable share measured at equity method in other
comprehensive income of the invested entity
Less: Effects of income tax generating from Attributable share
measured at equity method in other comprehensive income of the
invested entity
Net amount transferred into profit and loss in the current period that
was recorded into other comprehensive income in previous period
Subtotal
3. Gain/(loss) arising from effective hedging portion of cash flow
hedging instruments
Less: Income tax relating to cash flow hedging instruments
Net amount transferred into profit and loss in the current period that
was recorded into other comprehensive income in previous period
The adjustment value that is the converted initial recognition amount of
arbitrage project
Subtotal
4. Exchange differences arising from translating foreign operations
Less: Net amount of disposal of foreign operations that is transferred
into profit and loss in the current period
Subtotal
5. Other
Less: Effects of income tax generating from other recorded into other
comprehensive income
Net amount transferred into profit and loss in the current period that
was recorded into other comprehensive income in previous period
Subtotal
Total 135,000 (934,800)
（VI） Particulars about researches, visits and interviews received in this reporting period
8
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Main discussion and
Time of Place of Way of Type of
Visitor materials provided
reception reception reception visitor
by the Company
30 Jan. 2012 Merrill Lynch (Asia Pacific) Ltd.
China International Fund
Management Co., Ltd., Alliance
Bernstein Holding L.P., Cambiar
17 May 2012 Investors, Samsung Asset
Shenzhen Management (Hong Kong) Limited, Basic information of
Harvest Global Investments Ltd., operations and
CLSA Asia-Pacific Markets investments of the
Standard Chartered Bank (Hong Company and the
18 May 2012 One-on-one institutional Kong) Limited, Alliance bernstein financial status of
meeting investor (singapore) ltd. the Company
First State Investments, H.R.L.
Morrison & Co Capital Management, Information
Graeme Thomson Merricks Capital, provided: Brochure
Nuveen Asset Management, BEA of the Company
11 Jun. 2012 Hongkong Union Investment Management
Limited , Daiwa Asset Management
Hong Kong Limited, Turiya Advisors
Asia, Heqi Investment, Janchor
Partners Limited
VII. Financial Report
（I） Audit opinion
Has this interim report been audited?
□ Yes √ No
（II） Financial statements
Consolidated statements or not?
√ Yes □ No
1. Consolidated balance sheet
Prepared by Shenzhen Chiwan Wharf Holdings Limited
Unit: Yuan
Items Note(s) 30 June 2012 31 December 2011
Current assets:
Cash at bank and on hand 790,131,255 478,788,943
Settlement reserve 0 0
Dismantle fund 0 0
Transaction financial asset 0 0
Notes receivable 1,700,000 0
Accounts receivable 235,817,902 230,797,003
Advances to suppliers 5,698,872 3,497,668
Premiums receivable 0 0
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Reinsurance premiums
0 0
receivable
Receivable reinsurance
0 0
contract reserves
Interest receivable 576,788 51,667
Dividends receivable 0 0
Other receivables 15,162,962 11,833,877
Buying back the sale of
0 0
financial assets
Inventories 23,170,684 23,500,358
Non-current assets due within 1
0 0
year
Other current assets 1,003,913 1,003,913
Total current assets 1,073,262,376 749,473,429
Non-current assets:
Loans and advance 0 0
Available-for-sale financial
5,870,000 5,690,000
assets
Held to maturity investments 0 0
Long-term receivables 0 0
Long-term equity investments 1,476,552,028 1,436,856,420
Investment properties 34,071,352 34,679,229
Fixed assets 2,568,430,962 2,482,077,688
Construction in progress 524,825,660 517,818,144
Engineering material 0 0
Disposal of fixed assets 0 0
Production biological assets 0 0
Oil-gas assets 0 0
Intangible assets 1,020,478,476 1,038,926,892
Production biological assets 0 0
Goodwill 10,858,898 10,858,898
Long-term prepaid expenses 60,829,394 62,488,532
Deferred tax assets 56,592,308 59,250,919
Other non-current assets 149,191,214 142,108,284
Total non-current assets 5,907,700,292 5,790,755,006
Total assets 6,980,962,668 6,540,228,435
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Current liabilities:
Short-term borrowings 1,104,030,000 1,418,830,000
Borrowing from Central Bank 0 0
Deposits and sue to banks and
0 0
other financial institutions
Call loan received 0 0
Transaction financial liabilities 0 0
Notes payable 2,180,143 8,704,900
Accounts payable 74,755,527 160,112,954
Advances from customers 6,106,710 5,045,311
Financial assets sold for
0 0
repurchase
Handling charges and
0 0
commissions payable
Employee benefits payable 42,619,933 55,945,867
Taxes payable 78,374,151 121,781,050
Interests payable 6,091,942 1,637,790
Dividends payable 623,066,943 365,161,451
Other payables 58,710,176 50,809,293
Reinsurance premiums payable 0 0
Insurance contract reserves 0 0
Money received for acting
0 0
trading of securities
Money paid for acting
0 0
underwriting of securities
Current portion of non-current
29,734,456 14,951,750
liabilities
Other current liabilities 0 0
Total current liabilities 2,025,669,981 2,202,980,366
Non-current liabilities:
Long-term borrowings 170,000,000 90,000,000
Bonds payable 496,142,466 0
Long-term payables 0 0
Special payable 83,901,108 81,790,541
Accrued liabilities 0 0
Deferred tax liabilities 1,187,500 1,142,500
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Other non-current liabilities 56,128,848 58,250,957
Total non-current liabilities 807,359,922 231,183,998
Total liabilities 2,833,029,903 2,434,164,364
Owner’s equity:
Share capital 644,763,730 644,763,730
Capital surplus 166,361,055 166,226,055
Less: Treasury stock 0 0
Appropriative reserve 0 0
Surplus reserves 464,704,268 421,692,405
Provisions for general risks 0 0
Undistributed profits 2,169,839,880 2,248,722,001
Foreign exchange translation
-13,607,440 -13,607,440
differences
Total equity attributable to equity
3,432,061,493 3,467,796,751
holders of the Company
Minority interests 715,871,272 638,267,320
Total owners' equity 4,147,932,765 4,106,064,071
Total liabilities and owner’s
6,980,962,668 6,540,228,435
equity
2. Balance sheet of the Company
Unit: Yuan
Items Note(s) 30 June 2012 31 December 2011
Current assets:
Cash at bank and on hand 524,294,556 187,090,694
Transaction financial asset 0 0
Notes receivable 0 0
Accounts receivable 27,399,639 16,623,725
Advances to suppliers 1,174,504 1,210,724
Interest receivable 978,651 206,151
Dividends receivable 487,148,749 529,289,881
Other receivables 276,871,104 243,256,537
Inventories 1,138,048 922,921
Non-current assets due within
0 0
1 year
Other current assets 0 0
Total current assets 1,319,005,251 978,600,633
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Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Non-current assets:
Available-for-sale financial
5,870,000 5,690,000
assets
Held to maturity investments 0 0
Long-term receivables 11,004,304 11,004,304
Long-term equity investments 2,016,694,745 2,002,116,574
Investment properties 26,067,446 26,547,149
Fixed assets 150,658,965 156,481,155
Construction in progress 614,894 614,894
Engineering material 0 0
Disposal of fixed assets 0 0
Production biological assets 0 0
Oil-gas assets 0 0
Intangible assets 63,966,597 65,552,356
Production biological assets 0 0
Goodwill 0 0
Long-term prepaid expenses 5,740,235 5,770,046
Deferred tax assets 30,277,687 29,709,461
Other non-current assets 0 0
Total non-current assets 2,310,894,873 2,303,485,939
Total assets 3,629,900,124 3,282,086,572
Current liabilities:
Short-term borrowings 334,530,000 584,530,000
Transaction financial liabilities 0 0
Notes payable 2,180,143 7,493,900
Accounts payable 12,366,569 12,225,607
Advances from customers 4,025,361 3,907,291
Employee benefits payable 34,453,595 31,818,160
Taxes payable 1,282,311 1,392,629
Interests payable 8,023,787 2,361,250
Dividends payable 257,905,492 0
Other payables 850,444,424 749,075,206
Current portion of non-current
0 0
liabilities
Other current liabilities 0 0
13
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Total current liabilities 1,505,211,682 1,392,804,043
Non-current liabilities:
Long-term borrowings 0 0
Bonds payable 496,142,466 0
Long-term payables 0 0
Specific payables 0 0
Accrued liabilities 0 0
Deferred tax liabilities 1,187,500 1,142,500
Other non-current liabilities 0 0
Total non-current liabilities 497,329,966 1,142,500
Total liabilities 2,002,541,648 1,393,946,543
Owner’s equity:
Share capital 644,763,730 644,763,730
Capital surplus 153,573,328 153,438,328
Less: Treasury stock 0 0
Appropriative reserve 0 0
Surplus reserve 464,704,268 421,692,405
Undistributed profits 364,317,150 668,245,566
Foreign exchange translation
0 0
differences
Total owners' equity 1,627,358,476 1,888,140,029
Total liabilities and owner’s
3,629,900,124 3,282,086,572
equity
3. Consolidated income statement
Unit: Yuan
Items Note(s) Jan.-Jun. 2012 Jan.-Jun. 2011
I. Revenue 854,104,190 844,983,574
Including: Operating income 854,104,190 844,983,574
Interest income 0 0
Premium income 0 0
Handling charges
0 0
and commission income
II. Total cost of sales 528,580,915 500,320,424
Including: Cost of sales 384,494,159 359,809,074
Interests expenses 0 0
Handling charges and 0 0
14
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
commission expenses
Cash surrender value 0 0
Net amount of claims 0 0
Net amount of
withdrawn from the insurance 0 0
contract reserve
Expenditure on policy
0 0
dividends
Reinsurance premium 0 0
Tax and levies on
34,220,412 34,992,446
operations
Selling and distribution
0 0
expenses
General and
74,188,318 76,912,960
administrative expenses
Finance
35,678,026 28,605,944
income/(expenses) - net
Asset impairment
0 0
reversals/(losses)
Add: Gain/(loss) from change
0 0
in fair value (“-” means loss)
Investment income(“-”
39,695,608 58,444,197
means loss)
Including: share of
39,695,608 58,084,197
results of associates
Foreign exchange
0 0
difference (“-” means loss)
III. Operating profit (“-” means loss) 365,218,883 403,107,347
Add: non-operating income 3,503,559 287,103
Less: non-operating expenses 194,818 97,303
Including: Loss on
104,100 67,124
disposals of non-current assets
IV. Total profit (“-” means loss) 368,527,624 403,297,147
Less: Income tax (expenses)/
68,888,438 66,792,459
income
V. Net profit (“-” means loss) 299,639,186 336,504,688
Including: Net profit attributable
0 0
to the merged party before business
15
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
combination
Attributable to equity
222,035,234 258,357,428
holders of the Company
Minority interest 77,603,952 78,147,260
VI. Earnings per share(attributable
to equity holders of the -- --
Company)
(I) Basic earnings per share 0.344 0.401
(II) Diluted earnings per share 0.344 0.401
Ⅶ.Other comprehensive income 135,000 -934,800
Ⅷ.Total comprehensive income 299,774,186 335,569,888
Attributable to equity holders
222,170,234 257,422,628
of the company
Minority interest 77,603,952 78,147,260
4. Income statement of the Company
Unit: Yuan
Items Note(s) Jan.-Jun. 2012 Jan.-Jun. 2011
I. Revenue 108,222,494 93,475,369
Less: Cost of sales 69,009,886 62,270,145
Tax and levies on
4,455,600 3,935,057
operations
Selling and distribution
0 0
expenses
General and administrative
30,696,327 34,237,253
expenses
Finance income/(expenses)
25,360,143 19,525,431
- net
Asset impairment
0 0
reversals/(losses)
Add: Gain/(loss) from change
0 0
in fair value (“-” means loss)
Investment income (“-”
17,255,283 24,181,344
means loss)
Including: share of results
14,578,171 15,614,034
of associates
II. Operating profit (“-” means loss) -4,044,179 -2,311,173
Add: non-operating income 29,431 209,757
Less: non-operating expenses 0 23,195
16
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Including: Loss on disposals of
0 23,175
non-current assets
III. Total profit (“-” means loss) -4,014,748 -2,124,611
Less: Income tax (expenses)/
-1,003,687 -4,343,674
income
IV. Net profit (“-” means loss) -3,011,061 2,219,063
V. Earnings per share -- --
(I) Basic earnings per share 0 0
(II) Diluted earnings per share 0 0
Ⅵ.Other comprehensive income 135,000 -934,800
Ⅶ.Total comprehensive income -2,876,061 1,284,263
5. Consolidated cash flow statement
Unit: Yuan
Items Jan.-Jun. 2012 Jan.-Jun. 2011
I. Cash flows from operating activities:
Cash received from rendering of
843,999,861 769,059,834
services
Net increase of deposits from
0 0
customers and dues from banks
Net increase of loans from the
0 0
central bank
Net increase of funds borrowed
0 0
from other financial institutions
Cash received from premium of
0 0
original insurance contracts
Net cash received from reinsurance
0 0
business
Net increase of savings of policy
0 0
holders and investment fund
Net increase of disposal of tradable
0 0
financial assets
Cash received from interest,
0 0
handling charges and commissions
Net increase of borrowed
0 0
inter-bank funds
Net increase of buy-back funds 0 0
Tax refunds received 0 0
Cash received relating to other 9,561,867 13,260,433
17
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
operating activities
Sub-total of cash inflows 853,561,728 782,320,267
Cash paid for goods and services 219,617,430 198,385,053
Net increase of customer lending
0 0
and advance
Net increase of funds deposited in
the central bank and amount due from 0 0
banks
Cash for paying claims of the
0 0
original insurance contract
Cash for paying interest, handling
0 0
charges and commissions
Cash for paying policy dividends 0 0
Cash paid to and on behalf of
115,596,097 113,064,057
employees
Payments of taxes and levies 147,052,342 143,455,455
Cash paid relating to other
22,308,558 26,034,857
operating activities
Sub-total of cash outflows 504,574,427 480,939,422
Net cash flows from operating activities 348,987,301 301,380,845
II. Cash Flows from investing activities:
Cash received from disposals of
0 0
investments
Cash received from returns on
0 360,000
investments
Net cash received from disposals
5,034,352 384,000
of fixed assets and intangible assets
Net cash received from disposal of
subsidiary or other operating business 0 0
units
Other cash received relating to
0 0
investing activities
Sub-total of cash inflows 5,034,352 744,000
Cash paid to purchase fixed assets,
intangible assets and other long-term 279,090,274 235,549,565
assets
Cash paid relating to other
0 0
investing activities
18
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Net increase of pledged loans 0 0
Net cash paid from disposal of
0 100,284,181
subsidiaries and other business units
Payment of cash relating to other
0 0
investing activities
Sub-total of cash outflows 279,090,274 335,833,746
Net cash flows from investing activities -274,055,922 -335,089,746
III. Cash Flows from Financing
Activities:
Cash received by investors 0 91,940,000
Including: Cash received in
0 91,940,000
subsidiary by minority shareholders
Cash received from borrowings 662,730,000 521,050,000
Cash received from issuance of
496,000,000 0
bonds
Other cash received relating to
0 0
financing activities
Sub-total of cash inflows 1,158,730,000 612,990,000
Cash repayments of borrowings 882,530,000 410,550,000
Cash payments for interest
expenses and distribution of dividends 39,729,067 26,224,557
or profits
Including: Distribution of
dividends and profits to minority 0 0
shareholders in subsidiary
Cash paid relating to other
60,000 1,041,000
activities
Sub-total of cash outflows 922,319,067 437,815,557
Net cash flow from financing activities 236,410,933 175,174,443
IV. Effect of foreign exchange rate
0 0
changes on cash and cash equivalents
V. Net (decrease)/increase in cash and
311,342,312 141,465,542
cash equivalents
Add: Cash and cash equivalents at
478,788,943 781,720,083
beginning of year
VI. Cash and cash equivalents at the
790,131,255 923,185,625
end of this period
19
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
6. Cash flow statement of the Company
Unit: Yuan
Items Jan.-Jun. 2012 Jan.-Jun. 2011
I. Cash flows from operating activities:
Cash received from rendering of
96,137,954 82,842,309
services
Tax refunds received 0 0
Other cash received relating to
102,777,370 238,196,844
other operating activities
Sub-total of cash inflows 198,915,324 321,039,153
Cash paid for goods and services 49,335,471 47,999,210
Cash paid to and on behalf of
31,767,672 31,366,176
employees
Payments of taxes and levies 5,126,031 4,601,568
Cash paid relating to other
227,696,304 90,814,629
operating activities
Sub-total of cash outflows 313,925,478 174,781,583
Net cash flows from operating activities -115,010,154 146,257,570
II. Cash Flows from investing activities:
Cash received from disposals of
190,206,180 270,300,000
investments
Cash received from returns on
49,519,615 52,149,964
investments
Net cash received from disposals
206,060 169,500
of fixed assets and intangible assets
Net cash received from disposal of
subsidiary or other operating business 0 0
units
Cash received relating to other
0 0
investing activities
Sub-total of cash inflows 239,931,855 322,619,464
Cash paid to purchase fixed assets,
intangible assets and other long-term 7,359,401 3,389,647
assets
Cash paid relating to other
0 319,200,000
investing activities
Net cash paid from disposal of
0 0
subsidiaries and other business units
20
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
Payment of cash relating to other
0 0
investing activities
Sub-total of cash outflows 7,359,401 322,589,647
Net cash flows from investing activities 232,572,454 29,817
III. Cash Flows from Financing
Activities:
Cash received by investors 0 0
Cash received from borrowings 263,030,000 266,050,000
Cash received from issuance of
496,000,000 0
bonds
Other cash received relating to
0 0
financing activities
Sub-total of cash inflows 759,030,000 266,050,000
Cash repayments of borrowings 513,030,000 266,050,000
Cash payments for interest
expenses and distribution of dividends 26,298,438 20,772,531
or profits
Cash paid relating to other
60,000 820,000
activities
Sub-total of cash outflows 539,388,438 287,642,531
Net cash flow from financing activities 219,641,562 -21,592,531
IV. Effect of foreign exchange rate
0 0
changes on cash and cash equivalents
V. Net (decrease)/increase in cash and
337,203,862 124,694,856
cash equivalents
Add: Cash and cash equivalents at
187,090,694 494,364,355
beginning of year
VI. Cash and cash equivalents at the
524,294,556 619,059,211
end of this period
7. Consolidated statement of changes in owners’ equity
Amount for the reporting period
Unit: Yuan
Amount of this period
Attributable to equity holders of the company
Total
Items Lessen: Appropr General Undistri Minority
Share Capital Surplus owners’
treasury iative risk buted Others interest
capital surplus reserve equity
stock reserve reserve profits
I. Balance at the end of last 644,763 166,226, 421,692 2,248,72 -13,607, 638,267,3 4,106,064,
21
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
year ,730 055 ,405 2,001 440 20 071
Add: change of accounting
policy
Correction of errors
in previous period
Others
II. Balance at the beginning of 644,763 166,226, 421,692 2,248,72 -13,607, 638,267,3 4,106,064,
this year ,730 055 ,405 2,001 440 20 071
III. Increase/ decrease of
amount in this year (“-” means
decrease)
222,035, 77,603,95 299,639,18
(I) Net profit
234 2 6
(II) Other comprehensive
135,000 135,000
income
222,035, 77,603,95 299,774,18
Sub-total of above (I) and (II) 135,000
234 2 6
(III) Input an reduced capital of
0 0 0 0 0 0 0 0 0 0
owners
1. Investment by shareholders
2. Amount of Shares included
in the owners’ equity
3. Others
43,011,8 -300,91 -257,905,4
(IV) Profit appropriation 0 0 0 0 0 0 0
63 7,355 92
1. Appropriation to surplus 43,011,8 -43,011,
reserve 63 863
2. Withdrawing general risk
reserve
3. Profit distribution to equity -257,90 -257,905,4
owners 5,492 92
4. Others
(V) Transfer within owners’
0 0 0 0 0 0 0 0 0 0
equity
1. New increase of capital (or
share capital) from capital
reserves
2. Convert surplus reserves to
capital (or share capital)
22
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
3. Surplus reserves used to
offset accumulated losses
4. Others
（Ⅵ）Appropriative reserve 0
1.Current year additions
2. Current year reductions
（VII）Others
IV. Balance at the end of this 644,763 166,361, 464,704 2,169,83 -13,607, 715,871,2 4,147,932,
period ,730 055 ,268 9,880 440 72 765
Amount for last year
Unit: Yuan
Amount of last year
Attributable to equity holders of the company
Total
Items Lessen: Appropr General Undistri Minority
Share Capital Surplus owners’
treasury iative risk buted Others interest
capital surplus reserve equity
stock reserve reserve profits
I. Balance at the end of last 644,763 144,909, 383,570 2,079,72 -13,419, 567,608,7 3,807,157,
year ,730 755 ,404 4,472 303 74 832
Add：Retrospective adjustment
of business combinations
involving enterprises under
common control
Add: change of accounting
policy
Correction of errors
in previous period
Others
II. Balance at the beginning of 644,763 144,909, 383,570 2,079,72 -13,419, 567,608,7 3,807,157,
this year ,730 755 ,404 4,472 303 74 832
III. Increase/ decrease of
amount in this year (“-” means
decrease)
505,645, 162,130,5 667,775,66
(I) Net profit
137 31 8
(II) Other comprehensive -667,70 -188,13
-855,837
income 0 7
-667,70 505,645, -188,13 162,130,5 666,919,83
Sub-total of above (I) and (II)
0 137 7 31 1
23
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
(III) Input an reduced capital of 20,774,0 71,166,00
0 0 0 0 0 0 0 91,940,000
owners 00 0
20,774,0 71,166,00
1. Investment by shareholders 91,940,000
00 0
2. Amount of Shares included
in the owners’ equity
3. Others
38,122, -336,64 -163,627, -462,153,5
(IV) Profit appropriation 0 0 0 0 0 0
001 7,608 985 92
1. Appropriation to surplus 38,122, -38,122,
reserve 001 001
2. Withdrawing general risk
reserve
3. Profit distribution to equity -298,52 -163,627, -462,153,5
owners 5,607 985 92
4. Others
(V) Transfer within owners’
0 0 0 0 0 0 0 0 0 0
equity
1. New increase of capital (or
share capital) from capital
reserves
2. Convert surplus reserves to
capital (or share capital)
3. Surplus reserves used to
offset accumulated losses
4. Others
（Ⅵ）Appropriative reserve
1.Current year additions
2. Current year reductions
1,210,00
（VII）Others 990,000 2,200,000
0
IV. Balance at the end of this 644,763 166,226, 421,692 2,248,72 -13,607, 638,267,3 4,106,064,
period ,730 055 ,405 2,001 440 20 071
8. Statement of changes in owners’ equity of the Company
Amount for the reporting period
Unit: Yuan
Amount of this period
Items
Share Capital Lessen: Appropriat Surplus General Undistribut Total
24
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
capital surplus treasury ive reserve reserve risk ed profits owners’
stock reserve equity
644,763,73 153,438,32 421,692,40 668,245,56 1,888,140,
I. Balance at the end of last year
0 8 5 6 029
Add: change of accounting
policy
Correction of errors in
previous period
Others
II. Balance at the beginning of 644,763,73 153,438,32 421,692,40 668,245,56 1,888,140,
this year 0 8 5 6 029
III. Increase/ decrease of amount
in this year (“-” means decrease)
(I) Net profit -3,011,061 -3,011,061
(II)Other comprehensive income 135,000 135,000
Subtotal of (I) and (II) 135,000 -3,011,061 -2,876,061
(III) Input an reduced capital of
0 0 0 0 0 0 0 0
owners
1. Investment by shareholders
2. Amount of Shares included in
the owners’ equity
3. Others
-300,917,3 -257,905,4
(IV) Profit appropriation 0 0 0 0 43,011,863 0
55 92
1.Appropriation to surplus -43,011,86
43,011,863
reserves 3
2. Withdrawing general risk
reserve
3. Profit distribution to equity -257,905,4 -257,905,4
owners 92 92
4. Others
(V) Transfer within owners’
0 0 0 0 0 0 0 0
equity
1. New increase of capital (or
share capital) from capital
reserves
2. Convert surplus reserves to
capital(or share capital)
25
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
3.Surplus reserves used to offset
accumulated losses
4. Others
(VI) Appropriative reserve 0
1.Current year additions
2.Current year reductions
（VII）Others
IV. Balance at the end of this 644,763,73 153,573,32 464,704,26 364,317,15 1,627,358,
period 0 8 8 0 476
Amount for last year
Unit: Yuan
Amount of last year
Lessen: General Total
Items Share Capital Appropriat Surplus Undistribut
treasury risk owners’
capital surplus ive reserve reserve ed profits
stock reserve equity
644,763,73 154,106,02 383,570,40 574,774,54 1,757,214,
I. Balance at the end of last year
0 8 4 1 703
Add: change of accounting
policy
Correction of errors in
previous period
Others
II. Balance at the beginning of 644,763,73 154,106,02 383,570,40 574,774,54 1,757,214,
this year 0 8 4 1 703
III. Increase/ decrease of amount
in this year (“-” means decrease)
430,118,63 430,118,63
(I) Net profit
3 3
(II)Other comprehensive income -667,700 -667,700
430,118,63 429,450,93
Subtotal of (I) and (II) -667,700
3 3
(III) Input an reduced capital of
0 0 0 0 0 0 0 0
owners
1. Investment by shareholders
2. Amount of Shares included in
the owners’ equity
3. Others
26
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
-336,647,6 -298,525,6
(IV) Profit appropriation 0 0 0 0 38,122,001 0
08 07
1.Appropriation to surplus -38,122,00
38,122,001
reserves 1
2. Withdrawing general risk
reserve
3. Profit distribution to equity -298,525,6 -298,525,6
owners 07 07
4. Others
(V) Transfer within owners’
0 0 0 0 0 0 0 0
equity
1. New increase of capital (or
share capital) from capital
reserves
2. Convert surplus reserves to
capital(or share capital)
3.Surplus reserves used to offset
accumulated losses
4. Others
(VI) Appropriative reserve
1.Current year additions
2.Current year reductions
（VII）Others
IV. Balance at the end of this 644,763,73 153,438,32 421,692,40 668,245,56 1,888,140,
period 0 8 5 6 029
27
Abstract of the Semi-Annual Report 2012－Chiwan Wharf
（III） Notes to the financial statements
1. Changes in main accounting policies or estimates, correction of any significant accounting error and the
influenced amounts
（1）Change of accounting policies
Were the main accounting policies changed during the reporting period?
□ Yes √ No
（2）Change of accounting estimates
Were the main accounting estimates changed during the reporting period?
□ Yes √ No
（3）Correction of accounting errors
Was any accounting error made in previous periods discovered in the reporting period?
□ Yes √ No
2. Reasons for any change of the consolidation scope
□Applicable √Inapplicable
3. If a non-standard audit report is issued, the Company should make relevant notes.
□Applicable √Inapplicable
For and on behalf of the Board
Zheng Shaoping
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated 21 August 2012
28