Abstract of the 2013 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
Stock code: 000022/200022 Stock abbreviation: Chiwan Wharf A/Chiwan Wharf B Announcement No.: 2013-044
Shenzhen Chiwan Wharf Holdings Limited
Abstract of the 2013 Semi-annual Report
1. Important reminders
（1）This abstract is based on the full text of the semi-annual report. For more details, investors are
suggested to read the full text disclosed at the same time with this abstract on
http://www.cninfo.com.cn, the website of Shenzhen Stock Exchange or any other website designated
by CSRC.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
（2）Company profile
Stock abbreviation Chiwan Wharf A, Chiwan Wharf B Stock code 000022, 200022
Stock exchange listed with Shenzhen Stock Exchange
For contact Company Secretary Securities Affairs Representative
Name Ms. Bu Dan Ms. Hu Jingjing
Tel. +86 755 26694222 +86 755 26694222
Fax +86 755 26684117 +86 755 26684117
E-mail cwh@cndi.com cwh@cndi.com
2. Financial highlights and change of shareholders
（1）Financial highlights
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
Reporting period Same period of last year YoY +/-
Operating revenues (RMB Yuan) 865,235,792 854,104,190 1.30%
Net profit attributable to shareholders of the Company (RMB
295,594,906 222,035,234 33.13%
Yuan)
Net profit attributable to shareholders of the Company after
294,817,033 219,634,546 34.23%
extraordinary gains and losses (RMB Yuan)
Net cash flows from operating activities (RMB Yuan) 357,817,145 348,987,301 2.53%
Basic EPS (RMB Yuan/share) 0.458 0.344 33.14%
Diluted EPS (RMB Yuan/share) 0.458 0.344 33.14%
Weighted average ROE (%) 7.80% 6.24% 1.56%
As at the end of the
As at the end of last year YoY +/-
reporting period
Total assets (RMB Yuan) 7,410,664,674 6,781,130,450 9.28%
Net assets attributable to shareholders of the Company (RMB
3,741,590,923 3,678,032,083 1.73%
Yuan)
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Abstract of the 2013 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
（2） Shareholdings of the top 10 shareholders
34,727 shareholders, including 26,728 A-share holders and 7,999
Total number of shareholders at the end of the reporting period
B-share holders.
Shareholdings of top ten shareholders (all being non-restricted share holders)
Percenta Number of Shares Type of
Increase/decrease
Nature of ge of non-restricted pledged or shares (A,
Name of shareholder in the reporting
shareholder sharehol shares held at frozen B, H or
period
ding the period-end (share) other)
CHINA NANSHAN DEVELOPMENT
32.52% -161,190,933 209,687,067 0 A share
(GROUP) INC.
SHENZHEN MALAI STORAGE CO.,
25% 161,190,933 161,190,933 0 A share
LTD.
KEEN FIELD ENTERPRISES LIMITED Foreign corporation 8.58% 0 55,314,208 Unknown B share
CMBLSA RE FTIF TEMPLETON ASIAN
Foreign corporation 7.43% 0 47,914,954 Unknown B share
GRW FD GTI 5496
GOVERNMENT OF SINGAPORE INV.
Foreign corporation 0.66% -470,468 4,275,390 Unknown B share
CORP.- A/C "C"
BAYVK A2-FONDS Foreign corporation 0.58% 2,747,000 3,732,089 Unknown B share
EMPLOYEES PROVIDENT FUND Foreign corporation 0.56% 0 3,586,266 Unknown B share
TEMPLETON ASIAN GROWTH FUND Foreign corporation 0.41% 0 2,657,852 Unknown B share
KUMPULAN WANG PERSARAAN
Foreign corporation 0.37% 2,368,067 2,368,067 Unknown B share
(DIPERBADANKAN)
CMBNA/STICHTING PENS FND ABP Foreign corporation 0.36% 606,000 2,332,848 Unknown B share
China Merchants Holdings (International) Company Limited was a
shareholder of China Nanshan Development (Group) Inc., Shenzhen
Malai Storage Co., Ltd. was a wholly-funded subsidiary of China
Explanation on associated relationship or/and persons acting in Merchants Holdings (International) Company Limited, and Keen Field
concert among the above-mentioned shareholders: Enterprises Limited was also a wholly-funded subsidiary of China
Merchants Holdings (International) Company Limited.The Company
does not know whether the other non-restricted shareholders are related
parties or not.
（3）Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Inapplicable
Change of the actual controller in the reporting period
□ Applicable √ Inapplicable
3. Discussion and analysis by the management
The Company is principally engaged in the handling, warehousing and transportation of containers and bulk
cargoes, as well as the provision of related services.
The reporting period witnessed a slow recovery of the global economy and a gradual downturn in foreign trade of
China. The container throughput of all ports in the country increased 8.3% from the same period of last year, with
that of Shenzhen Port (mainly engaged in foreign trade) registering a year-on-year increase of 2.3%. Considering
the weak demand from European and American countries, the Company proactively expanded Asian shipping
lines and local demand. As a result, the Company gave a container performance slightly better than the average of
the region, with the throughput up 2.8% on the year-on-year basis. In terms of the bulk cargo business, demand
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Abstract of the 2013 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
from foreign trade was sluggish, so the Company proactively expanded its domestic trade business and Chiwan
Port achieved a growth in business despite limited resources. The capacity of Machong Port was further released,
which effectively increased the operation fare rates. The bulk cargo throughput of the Company in the first half of
the year increased 14.1% from the same period of last year. Business highlights of the Company are set out as
follows:
Reporting period Same period of last year
Main business indicator YoY +/-
(Jan.-Jun. 2013) (Jan.-Jun. 2012)
Total throughput (thousand tons) 32,868 30,313 8.4%
Among which: Container throughput (thousand TEU) 2,681 2,609 2.8%
Chiwan Port 2,035 1,902 7.0%
Mawan Port (joint venture) 646 707 -8.7%
Throughput of bulk cargo (thousand tons) 5,974 5,235 14.1%
Chiwan Port 3,614 3,238 11.6%
Machong Port 2,360 1,997 18.1%
Hours charged for tow trucks (thousand hours) 585 583 0.3%
Hours charged for tugboats (hour) 15,320 16,097 -4.8%
Currently, major economic organizations in the world such as the World Bank and the International Monetary
Fund have lowered their expectations of the global economic growth for 2013. It is expected that the global
economy will remain sluggish in the near future, domestic economic growth will slow down and it will be hard for
the shipping market to pick up markedly. Due to a weak foreign demand and the increasingly fierce competition in
the region, the container handling business of the Company will still be under great pressure in the near future. In
order to cope with that, the Company will enhance its efforts in expanding the local container handling demand
and the Asia Pacific near-sea shipping lines and devote itself to improving internal management and client service
so as to maintain the relative stability of the container throughput and the market share. The bulk cargo business is
expected to maintain a steady growth, foreign trade demand in the second half of the year is expected to improve
from the first half of the year, and the newly-built grain warehouses in Machong Port being put into use will
provide room for business growth. The Company will carry forward lean management and its efforts in cost
reduction and efficiency improvement. It will also try to further increase the resource utilization efficiency and the
operation performance through measures such as optimization of the process flow, technical and R&D innovation,
energy saving and emission reduction.
No significant change occurred to the structures of main business lines and profit during the reporting period.
Main financial indicators are as follows:
Reporting period Same period of last year
Main financial indicator YoY +/-
(Jan.-Jun. 2013) (Jan.-Jun. 2012)
Operating revenues 865,235,792 854,104,190 1.30%
Operating profit 431,778,589 365,218,883 18.22%
Net profit attributable to shareholders of the Company 295,594,906 222,035,234 33.13%
Operating revenue increased 1.30% over the same period of last year, due to the growth of business.. Operating
profit and net profit attributable to shareholders of the Company went up 18.22% and 33.13% respectively, which
was mainly because the “business-tax-to-value-added-tax” policy and the tax exemption on the gain on the
extended section of Berth 13# brought down the taxes paid, the interest expenses decreased on optimization of the
loan structure, the exchange gain increased considerably on RMB appreciation and the investment gain also
increased on growing profits of the associates.
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Abstract of the 2013 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
4. Matters related to financial reporting
(1) Explain change of the accounting policy, accounting estimate and measurement methods as compared
with the financial reporting of last year
N/A
(2) Explain retrospective restatement due to correction of significant accounting errors in the reporting
period
N/A
(3) Explain change of the consolidation scope as compared with the financial reporting of last year
N/A
(4) Explanation of the Board of Directors and the Supervisory Committee concerning the “non-standard
audit report” issued by the CPAs firm for the reporting period
N/A
For and on behalf of the Board
Zheng Shaoping
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated 28 August 2013
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