Report for the First Quarter of 2013－Chiwan Wharf
Stock code: 000022 /200022 Short form: Chiwan Wharf A/Chiwan Wharf B Announcement Serial No. 2013-029
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
REPORT FOR THE FIRST QUARTER OF 2013
Section I. Important Reminders
I. The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of
Shenzhen Chiwan Wharf Holdings Limited (hereinafter referred to as “the Company”) warrant that this
report carries no false record, misleading statement or material omission, and shall be jointly and severally
liable for the factuality, accuracy and completeness of the contents of this report.
II. All Directors, Supervisors and Senior Management Staff agreed with and guaranteed the correctness,
accuracy and completeness of the contents of this Report.
III. All directors have attended the board session for reviewing this report.
IV. This quarterly Financial Statements was un-audited.
V. Chairman of the Board Mr. Zheng Shaoping, Chief Financial Officer Mr. Zhang Fang and Financial
Manager Ms. Ma Zhihong hereby announce that they guarantee the factuality and completeness of the
financial statements enclosed in this report.
VI. This report is prepared in both Chinese and English. Should there be any understanding discrepancy
between the two versions, the Chinese version shall prevail.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□ Yes √ No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/-
Total operating income (RMB Yuan) 412,475,925 400,075,076 3.10%
Net profit attributable to shareholders of the parent (RMB Yuan) 130,207,445 113,372,701 14.85%
Net profit attributable to shareholders of the parent after extraordinary
129,730,051 111,027,141 16.85%
gains and losses (RMB Yuan)
Net cash flows from operating activities (RMB Yuan) 141,992,180 132,040,260 7.54%
Basic EPS (RMB Yuan/share) 0.202 0.176 14.77%
Diluted EPS (RMB Yuan/share) 0.202 0.176 14.77%
Weighted average ROE (%) 3.47% 3.22% 0.25%
31 Mar. 2013 31 Dec. 2012 +/-
Total assets (RMB Yuan) 7,066,707,546 6,781,130,450 4.21%
Total shareholder’s equity attributable to equity holders of the parent
3,809,225,746 3,678,032,083 3.57%
(RMB Yuan)
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Report for the First Quarter of 2013－Chiwan Wharf
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2013-31 Mar. 2013 Explanation
Profit or loss on disposal of non-current assets (17,801)
Government grants recognized in profit or loss 41,739
Other non-operating income and expenses other than the above 922,569
Tax effects (176,661)
Minority interests effects (after tax) (292,452)
Total 477,394 --
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the period-end 35,037, with 26,603 being A-share holders, and 8,434 being B-share holders
Shareholdings of top 10 shareholders (all non-restricted shareholders)
Nature of Shareholdi
Number of Number of
shareholder ng Type of shares
Name of shareholder non-restricted pledged or frozen
(state-owned or percentage (A, B, H or other)
shares held shares
foreign) (%)
CHINA NANSHAN DEVELOPMENT
57.52% 370,878,000 0 A-share
(GROUP) INC.
Foreign
KEEN FIELD ENTERPRISES LIMITED 8.58% 55,314,208 Unknown B-share
shareholder
CMBLSA RE FTIF TEMPLETON ASIAN Foreign
7.43% 47,914,954 Unknown B-share
GRW FD GTI 5496 shareholder
GOVERNMENT OF SINGAPORE INV. Foreign
0.66% 4,275,390 Unknown B-share
CORP.- A/C "C" shareholder
Foreign
EMPLOYEES PROVIDENT FUND 0.56% 3,586,266 Unknown B-share
shareholder
Foreign
TEMPLETON ASIAN GROWTH FUND 0.41% 2,657,852 Unknown B-share
shareholder
FTIF-TEMPLETON EMERGING MKT Foreign
0.39% 2,522,279 Unknown B-share
SMALLER COMPANIES FUND shareholder
Foreign
BAYVK A2-FONDS 0.37% 2,410,046 Unknown B-share
shareholder
KUMPULAN WANG PERSARAAN Foreign
0.37% 2,368,067 Unknown B-share
(DIPERBADANKAN) shareholder
TEMPLETON CANADA EMERGING MKTS Foreign
0.33% 2,143,368 Unknown B-share
FUND shareholder
China Merchants Holdings (International) Co., Ltd. is a shareholder of China Nanshan
Explanation on associated relationship or
Development (Group) Inc. (hereinafter referred to as “CND”). And Keen Field
persons acting in concert among the Enterprises Limited is a wholly-funded subsidiary of China Merchants Holdings
(International) Co., Ltd.. Other than that, the Company does not know any associated
above-mentioned shareholders
relationship between the other non-restricted shareholders.
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Report for the First Quarter of 2013－Chiwan Wharf
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Administrative expenses 35,093,630 27,795,802 26.26%
Payments of all types of taxes 27,351,801 84,153,732 -67.50%
Cash payments to acquire or construct fixed assets, intangible
assets and other long-term assets 90,259,583 134,916,890 -33.10%
Administrative expenses increased mainly because the labor cost increased.
Payments of all types of taxes decreased mainly due to the business-tax-to-VAT policy in Nov. 2012.
Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets decreased mainly because the 13#
expansion project completed in the third quarter of 2012 and there were no such expenses in the reporting period.
II. Progress of significant events and analysis & explanations on their influence and solutions
Website index
Date of for the disclosed
Overview of the significant event
disclosure relevant interim
report
On 27 Dec. 2012, the Company’s shareholder CND and Malai Storage signed the “Agreement
between China Nanshan Development (Group) Inc. and Shenzhen Malai Storage Co., Ltd.
Concerning Transferring Shares of Shenzhen Chiwan Wharf Holdings Limited”, according to which
Securities
it was agreed that CND transferred 161,190,933 circulating A-shares of the Company (representing a
Times, Ta Kung
shareholding percentage of 25%) to Malai Storage at the agreed price of RMB 11.088 per share. The
29 Dec. 2012 Pao (HK) and
equity transfer announcement (No. 2012-054) was published on Securities Times, Ta Kung Pao (HK)
www.cninfo.co
and www.cninfo.com.cn dated 29 Dec. 2012. The said transaction was approved by SASAC of the
m.cn
State Council and the Ministry of Commerce and the approval announcement (No. 2013-019) was
published on Securities Times, Ta Kung Pao (HK) and www.cninfo.com.cn dated 12 Mar. 2013. Up
to the disclosure day of this quarterly report, the equity transfer procedure is proceeding.
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments carried down into the reporting period
Commitment Contents of Date of Period of
Commitment Execution
maker commitment commitment commitment
1. Commitments made
by CND and China
Merchants Holdings
(International) about It is promised
share custody; that the
2. Commitment made horizontal
China by China Merchants competition
Merchants Holdings issue will be
Commitment made in an acquisition In the process of
Holdings (International) about 20 Sept. 2012 solved through
report or a report on equity changes execution
(International) guaranteeing the ways such as
Co., Ltd. independency of the asset
Company; reorganization
3. Commitment made in the coming
by China Merchants 3-5 years.
Holdings
(International) about
horizontal competition;
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Report for the First Quarter of 2013－Chiwan Wharf
and
4. Commitment made
by China Merchants
Holdings
(International) about
regulating related-party
transactions
Executed in time or not Yes
Is a commitment made concerning any
resulted horizontal competition and Yes
related-party transaction?
Promised time needed to solve the
3-5 years
problems
It is promised that the horizontal competition issue will be solved through ways such as asset
Way of solving the problems
reorganization in the coming 3-5 years.
Execution In the process of execution
IV. Predict the operating results of Jan.-Jun. 2013
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin to the end of the
next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable √ Inapplicable
V. Securities investments
□ Applicable √ Inapplicable
VI. Derivative investments
Derivative investments held at period-end:
□ Applicable √ Inapplicable
VII. Researches, visits and interviews received in the reporting period
Inapplicable
VIII. Other
Internal control progress:
In the first quarter of 2013, according to the work plan for internal control, the Company organized and carried out
the self-evaluation of internal control. Via talks and sampling tests, and according to the previously-set evaluation
standards, the office evaluated the defects found, prepared a defect evaluation summary sheet, and then offered
their rectification advice. It then, according to the results of its aforesaid work, prepared the 2012 annual internal
control self-evaluation report, which was later disclosed upon review and approval at the 5th Session of the 7th
Board of Directors and the 5th Session of the 7th Supervisory Committee.
The Company engaged Deloitte Touche Tohmatsu Certified Public Accountants LLP to audit the effectiveness of
its 2012 financial reporting internal control. A standard auditor’s report with unqualified opinion was issued by
DDT and later disclosed by the Company.
Currently, the Company is filing internal control documents of previous periods to form the complete
documentation for the internal control mechanism and solidify the internal control achievements. It is also
renewing members of the internal control task groups and working on the internal control work plan for 2013 to
prepare for internal control activities in 2013.
The Company has completed the internal control work according to the schedule in the internal control work plan
for 2012, with no difference or delay.
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Report for the First Quarter of 2013－Chiwan Wharf
Section IV. Financial Statements
I. Financial statements (see the attached)
1. Balance sheet
2. Income statement
3. Cash flow statement
II. Audit report
Is this report audited?
□ Yes √ No
For and on behalf of the Board
Mr. Zheng Shaoping
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated 24 April 2013
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