Report for the Third Quarter of 2013 － Chiwan Wharf
Stock code: 000022/200022 Stock abbreviation: Chiwan Wharf A/Chiwan Wharf B Announcement No.: 2013-057
Shenzhen Chiwan Wharf Holdings Limited
Report for the Third 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. Major accounting data and financial indexes
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
30 Sept. 2013 31 Dec. 2012 +/-
Total assets (RMB Yuan) 7,344,667,630 6,781,130,450 8.31%
Total shareholder’s equity attributable to equity holders
3,894,165,652 3,678,032,083 5.88%
of the parent (RMB Yuan)
To corresponding To corresponding
Jul.-Sept. 2013 Jan.-Sept. 2013
period of 2012 period of 2012
Operating revenues (RMB Yuan) 453,412,972 -10.24% 1,318,648,764 -2.99%
Net profit attributable to shareholders of the Company
151,196,338 4.71% 446,791,244 21.93%
(RMB Yuan)
Net profit attributable to shareholders of the Company
151,504,242 5.12% 446,321,275 22.70%
after extraordinary gains and losses (RMB Yuan)
Net cash flows from operating activities (RMB Yuan) -- -- 628,542,814 18.28%
Basic EPS (RMB Yuan/share) 0.234 4.46% 0.693 22.01%
Diluted EPS (RMB Yuan/share) 0.234 4.46% 0.693 22.01%
Weighted average ROE (%) 3.96% -0.16% 11.76% 1.40%
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Report for the Third Quarter of 2013 － Chiwan Wharf
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount during Jan.-Sept. 2013
Net gain on disposal of non-current assets (1,187,657)
Government grants in current year profit 413,382
Other non-operating incomes /(expenses),net 1,611,410
Less: Income tax effects 136,267
Minority interests effects (after tax) 230,899
Total 469,969
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders and top 10 shareholders at the period-end
Unit: share
Total number of shareholders at the
36,978 shareholders, including 29,055 A-share holders and 7,923 B-share holders
period-end
Shareholdings of top ten shareholders (all being non-restricted share holders)
Nature of
Number of Type of shares
shareholder Percentage of Shares pledged or
Name of shareholder non-restricted (A, B, H or
(state-owned or shareholding frozen (share)
shares held other)
foreign)
CHINA NANSHAN DEVELOPMENT
32.52% 209,687,067 0 A share
(GROUP) INC.
SHENZHEN MALAI STORAGE CO., LTD. 25.00% 161,190,933 0 A share
KEEN FIELD ENTERPRISES LIMITED Foreign shareholder 8.58% 55,314,208 Unknown B share
CMBLSA RE FTIF TEMPLETON ASIAN
Foreign shareholder 7.43% 47,914,954 Unknown B share
GRW FD GTI 5496
GOVERNMENT OF SINGAPORE INV.
Foreign shareholder 0.66% 4,275,390 Unknown B share
CORP.- A/C "C"
BAYVK A2-FONDS Foreign shareholder 0.58% 3,732,089 Unknown B share
EMPLOYEES PROVIDENT FUND Foreign shareholder 0.56% 3,586,266 Unknown B share
TEMPLETON ASIAN GROWTH FUND Foreign shareholder 0.41% 2,657,852 Unknown B share
BBH A/C VANGUARD EMERGING
Foreign shareholder 0.40% 2,595,918 Unknown B share
MARKETS STOCK INDEX FUND
CMBNA/STICHTING PENS FND ABP Foreign shareholder 0.39% 2,504,856 Unknown B share
China Merchants Holdings (International) Company Limited is a shareholder of China
Nanshan Development (Group) Inc., (hereinafter referred to as “CND”).Shenzhen Malai
Explanation on associated relationship or/and Storage Co., Ltd. was a wholly-funded subsidiary of China Merchants Holdings
persons acting in concert among the (International) Company Limited, and Keen Field Enterprises Limited was also a
above-mentioned shareholders: 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.
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Report for the Third Quarter of 2013 － Chiwan Wharf
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
(I) Reasons for major year-on-year changes of assets, liabilities and cash flows:
Unit: RMB Yuan
Item 30 Sept. 2013 31 Dec. 2012 Increase
Monetary funds 499,600,012 314,855,568 59%
Other current liabilities 500,000,000 - -
Item Jan.-Sept. 2013 Jan.-Sept. 2012 Increase
Cash receipts from borrowings 610,357,800 1,232,160,000 -50%
Other cash receipts relating to financing activities 500,000,000 - -
Cash repayments of borrowings (991,877,800) (1,456,960,000) -32%
Cash payments for distribution of dividends or profit or
(289,856,921) (605,196,586) -52%
interest
Monetary funds, other current liabilities and other cash receipts relating to financing activities increased on the year-on-year basis
because the Company issued short-term financing bonds of RMB 500 million in the reporting period.
Cash receipts from borrowings decreased because capital needs from the year-begin to the end of the reporting period decreased from
the same period of last year.
Cash repayments of borrowings decreased because mature loans from the year-begin to the end of the reporting period decreased
from the same period of last year.
Cash payments for distribution of dividends or profit or interest decreased because subsidiaries distributed dividends of previous
years to minority shareholders in the same period of last year while there was no such an event in the current period.
(II) Reasons for major year-on-year changes of profit items
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012 Increase Jan.-Sept. 2013 Jan.-Sept. 2012 Increase
Investment gain (loss) 30,755,999 18,376,580 67% 76,778,293 58,072,188 32%
Investment gain increased because profit from associates and joint ventures for both Jul.-Sept. 2013 and Jan.-Sept. 2013 increased on
the year-on-year basis.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
N/A
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Report for the Third Quarter of 2013 － Chiwan Wharf
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
Time of
Commitment Period of
Commitment Contents making Fulfillment
maker commitment
commitment
1. Commitments made by CND Group and China It is promised
Merchants Holdings (International) about share that the
custody; horizontal
China
2. Commitment made by China Merchants Holdings competition
Commitment in Merchants
(International) about guaranteeing the independency issue will be
acquisition reports or Holdings 20 Sept. In the process
of the Company; solved through
reports on equity (International 2012 of execution
3. Commitment made by China Merchants Holdings ways such as
changes ) Company
(International) about horizontal competition; and asset
Limited
4. Commitment made by China Merchants Holdings reorganization
(International) about regulating related-party in the coming
transactions 3-5 years.
Executed in time or not Yes
IV. Predict the 2013 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
Unit: RMB Yuan
Shareho Shareh
Name Number of lding Number of olding Gain/loss
Initial
Variety of Code of of shares held percent shares held percent Closing for Accounti
investment Source of stock
securities securities securit at age at at age at book value reporting ng title
cost
ies period-begin period- period-end period- period
begin end
Shares held by legal
Available-f
Ninghu entity, which is
or-sale
Stock 600377 Express 1,120,000 1,000,000 0.02% 1,000,000 0.02% 5,640,000 - allowed for
financial
way circulation after
assets
share reform
Petro-c Long-term
Shares held by legal
Stock 400032 hemical 3,500,000 780,000 0.26% 780,000 0.26% 382,200 - equity
entity
A1 investment
Long-term
Guang Shares held by legal
Stock 400009 27,500 20,000 0.02% 20,000 0.02% 17,000 - equity
Jian 1 entity
investment
Total 4,647,500 1,800,000 -- 1,800,000 -- 6,039,200 - -- --
The reporting period saw an investment gain of RMB 360,000 on the stock of Ninghu Expressway.
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Report for the Third Quarter of 2013 － Chiwan Wharf
VI. Derivative investments
Derivative product investments held at the end of the reporting period
□Applicable √Inapplicable
VII. Researches, visits and interviews received in the reporting period
Time of Place of Main discussion and materials
Way of reception Visitor type Visitor
reception reception provided by the Company
Office of the Individual
Jul.-Sept. 2013 By phone Individual Basic operation situation of the
Company investors
Company, investments made
Individual
13 Sept. 2013 Shenzhen Online public reception day Individual and its financial position
investors
VIII. Other
Internal control progress:
Pursuant to the “Internal Control Rules for Enterprises” and the mating guidelines, the Company has completed
the following internal control tasks for the third quarter of 2013:
1. The Company organized the members of the task groups of the Headquarters and the subsidiaries within the
internal control project to review the operation flows completed last year, revised them according to business
changes this year and complete the description of recognized operation flows.
2. The Company searched for defects in internal control by designing and running effectiveness tests.
3. The Company searched for risks by going through the operation flows and making a list of risks.
The Company has hired Deloitte Touche Tohmatsu Certified Public Accountants LLP to be its internal control
auditor for 2013 and communicated with the accountants about the internal control audit plan.
The Company carries out the internal control-related work according to the schedule for the internal control
improvement plan for 2013. And the internal control project is right on schedule, with no derivation or delay.
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Report for the Third Quarter of 2013 － Chiwan Wharf
Section IV. Financial Statements
I. Financial statements (See Attachment )
(I) Balance sheet
(II) Income Statement in the report period
(III) Income Statement from year-begin to the end of report period
(IV) Cash Flow Statement
II. Audit report
Is this report audited?
□ Yes √ No
For and on behalf of the Board
Zheng Shaoping
Chairman
Shenzhen Chiwan Wharf Holdings Limited
Dated 25th October, 2013
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Report for the Third Quarter of 2013 － Chiwan Wharf
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
CONSOLIDATED AND COMPANY BALANCE SHEET
30 SEPTEMBER 2013
(All amounts in RMB Yuan unless otherwise stated)
[English translation for reference only]
30-Sep-2013 30-Sep-2012 30-Sep-2013 30-Sep-2012
ASSETS
Consolidated Consolidated Company Company
Current Assets
Currency funds 499,600,012 314,855,568 325,379,075 149,792,425
Notes receivable 1,485,000 1,680,000 285,000 200,000
Accounts receivable 266,281,704 251,420,961 15,545,217 17,754,009
Prepayments 869,152 1,623,037 - 93,006
Interest receivable - - 218,084 218,084
Dividends receivable - - - 145,359,112
Other receivables 18,799,961 15,984,053 769,617,208 358,588,904
Inventories 22,747,058 21,325,571 1,618,265 860,702
Other current assets 10,791,005 8,956,589 - 323,406
Total current assets 820,573,892 615,845,779 1,112,662,849 673,189,648
Non-currentAssets
Available-for-sale financial assets 5,640,000 5,210,000 5,640,000 5,210,000
Long-term receivables - - 11,004,285 11,004,285
Long-term equity investments 1,601,634,715 1,544,951,108 2,239,589,533 2,131,519,862
Investment property 32,551,660 33,463,476 24,868,189 25,587,744
Fixed assets 2,598,931,051 2,701,093,453 137,102,801 144,059,820
Construction in progress 751,064,401 609,932,609 2,756,435 687,894
Intangible assets 999,165,201 1,007,534,028 59,992,381 62,376,911
Goodwill 10,858,898 10,858,898 - -
Long-term prepaid expenses 263,671,770 60,962,668 6,931,424 7,488,719
Deferred tax assets 74,637,098 67,969,034 49,850,160 40,060,852
Other non-current assets 185,938,944 123,309,397 - -
Total non-current assets 6,524,093,738 6,165,284,671 2,537,735,208 2,427,996,087
TOTAL ASSETS 7,344,667,630 6,781,130,450 3,650,398,057 3,101,185,735
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Report for the Third Quarter of 2013 － Chiwan Wharf
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
CONSOLIDATED AND COMPANY BALANCE SHEET
30 SEPTEMBER 2013 CONTINUE
（（（（ ））））
(All amounts in RMB Yuan unless otherwise stated)
[English translation for reference only]
LIABILITIES AND 30-Sep-2013 30-Sep-2012 30-Sep-2013 30-Sep-2012
SHAREHOLDERS' EQUITY Consolidated Consolidated Company Company
Current Liabilities
Short-term borrowings 961,787,700 1,180,929,700 327,467,700 334,901,700
Notes payable - 826,000 - -
Accounts payable 97,970,587 145,987,941 8,689,053 13,264,803
Advances 1,915,563 299,453 450,344 246,980
Employee benefits payable 52,237,222 65,535,790 34,841,335 42,214,995
Taxes payable 40,268,547 40,854,861 290,684 2,213,148
Interest payable 20,840,599 18,541,173 22,749,334 21,204,530
Other payables 242,599,939 41,574,838 680,745,289 369,642,044
Non-current liabilities due within one year 4,727,207 39,727,207 - -
Other current liabilities 500,000,000 - 500,000,000 -
Total current liabilities 1,922,347,364 1,534,276,963 1,575,233,739 783,688,200
Non-current Liabilities
Long-term borrowings - 150,000,000 - -
Bonds payable 497,144,110 496,545,753 497,144,110 496,545,753
Special payables 74,579,077 80,622,976 - -
Deferred tax liabilities 1,130,000 1,022,500 1,130,000 1,022,500
Other non-current liabilities 49,090,531 53,652,356 - -
Total non-current liabilities 621,943,718 781,843,585 498,274,110 497,568,253
TOTAL LIABILITIES 2,544,291,082 2,316,120,548 2,073,507,849 1,281,256,453
SHAREHOLDERS' EQUITY
Share capital 644,763,730 644,763,730 644,763,730 644,763,730
Capital reserve 166,188,555 165,866,055 153,400,828 153,078,328
Special reserve 4,566,536 1,394,832 47,118 240,349
Surplus reserve 483,685,708 464,704,268 483,685,708 464,704,268
Unappropriated profit 2,608,668,486 2,414,907,916 294,992,824 557,142,607
Translation differences arising on translation of
(13,707,363) (13,604,718) - -
financial statements denominated in foreign currencies
Total shareholders' equity attributable to equity
3,894,165,652 3,678,032,083 1,576,890,208 1,819,929,282
holders of the parent
Minority interests 906,210,896 786,977,819 - -
TOTAL SHAREHOLDERS' EQUITY 4,800,376,548 4,465,009,902 1,576,890,208 1,819,929,282
TOTAL LIABILITIES AND SHAREHOLDERS'
7,344,667,630 6,781,130,450 3,650,398,057 3,101,185,735
EQUITY
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Report for the Third Quarter of 2013 － Chiwan Wharf
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
CONSOLIDATED AND COMPANY INCOME STATEMENT
IN THE REPORT PERIOD
(All amounts in RMB unless otherwise stated)
[English translation for reference only]
Jul.-Sep. 2013 Jul.-Sep. 2012
Items
Consolidated Company Consolidated Company
Total operating income 453,412,972 42,856,557 505,157,389 51,500,953
Less: Operating costs (221,548,136) (32,648,022) (227,411,322) (35,876,033)
Business taxes and levies (1,559,255) (950,758) (19,639,823) (2,250,314)
Administrative expenses (34,741,781) (10,749,793) (32,038,066) (11,117,611)
Financial expenses (10,773,398) (5,874,890) (17,016,213) (18,696,151)
Impairment losses of assets (32,910) - - -
Add: Investment income 30,755,999 10,428,464 18,376,580 13,420,094
Including: Income from investments in
30,395,999 10,068,464 18,376,580 3,800,981
associates and joint ventures
Operating profit 215,513,491 3,061,558 227,428,545 (3,019,062)
Add: Non-operating income 660,321 44,960 523,786 28,624
Less: Non-operating expenses (1,297,274) (513,596) (45,875) (11,473)
Including: Losses from disposal of
(1,166,256) (513,576) (39,420) (11,473)
non-current assets
Total Profit 214,876,538 2,592,922 227,906,456 (3,001,911)
Less: Income tax expenses (28,092,820) - (37,290,585) 5,345,266
Net profit 186,783,718 2,592,922 190,615,871 2,343,355
Net profit attributable to shareholders of
151,196,338 144,399,816
the parent
Profit or loss attributable to minority
35,587,380 46,216,055
interests
Earnings per share
Basic earnings per share 0.234 0.224
Diluted earnings per share 0.234 0.224
Other comprehensive income 164,929 187,500 (817,500) (817,500)
Total comprehensive income attributable to: 186,948,647 2,780,422 189,798,371 1,525,855
Shareholders of the parent 151,361,267 143,582,316
Minority interests 35,587,380 46,216,055
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Report for the Third Quarter of 2013 － Chiwan Wharf
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
CONSOLIDATED AND COMPANY INCOME STATEMENT
FROM YEAR-BEGIN TO END OF REPORT PERIOD
(All amounts in RMB Yuan unless otherwise stated)
[English translation for reference only]
Jan.-Sep. 2013 Jan.-Sep. 2012
Items
Consolidated Company Consolidated Company
Total operating income 1,318,648,764 99,930,540 1,359,261,579 159,723,447
Less: Operating costs (611,770,413) (93,339,760) (611,905,481) (104,885,919)
Business taxes and levies (4,261,829) (2,004,838) (53,860,235) (6,705,914)
Administrative expenses (108,597,613) (40,373,044) (106,226,384) (41,813,938)
Financial expenses (23,522,586) (10,918,009) (52,694,239) (44,056,294)
Impairment losses of assets 17,464 (161,951) - -
Add: Investment income 76,778,293 28,164,357 58,072,188 30,675,377
Including: Income from investments in
76,418,293 27,804,357 58,072,188 18,379,152
associates and joint ventures
Operating profit 647,292,080 (18,702,705) 592,647,428 (7,063,241)
Add: Non-operating income 2,316,454 307,884 4,027,345 58,055
Less: Non-operating expenses (1,479,319) (513,596) (240,693) (11,473)
Including: Losses from disposal of
(1,187,657) (513,576) (143,520) (11,473)
non-current assets
Total Profit 648,129,215 (18,908,417) 596,434,080 (7,016,659)
Less: Income tax expenses (82,271,957) 9,789,308 (106,179,023) 6,348,953
Net profit 565,857,258 (9,119,109) 490,255,057 (667,706)
Net profit attributable to shareholders of
446,791,244 366,435,050
the parent
Profit or loss attributable to minority
119,066,014 123,820,007
interests
Earnings per share
Basic earnings per share 0.693 0.568
Diluted earnings per share 0.693 0.568
Other comprehensive income 219,855 322,500 (682,500) (682,500)
Total comprehensive income attributable to: 566,077,113 (8,796,609) 489,572,557 (1,350,206)
Shareholders of the parent 447,011,099 365,752,550
Minority interests 119,066,014 123,820,007
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Report for the Third Quarter of 2013 － Chiwan Wharf
SHENZHEN CHIWAN WHARF HOLDINGS LIMITED
CONSOLIDATED AND COMPANY CASH FLOW STATEMENT
FROM YEAR-BEGIN TO END OF REPORT PERIOD
(All amounts in RMB Yuan unless otherwise stated)
[English translation for reference only]
Jan.-Sep.2013 Jan.-Sep. 2012 Jan.-Sep. 2013 Jan.-Sep.2012
Items
Consolidated Consolidated Company Company
1. Cash flows from operating activities
Cash receipts from the sale of goods and the
1,334,327,806 1,298,153,414 106,063,426 150,300,923
rendering of services
Other cash receipts relating to operating activities 4,380,186 14,963,471 275,001,605 55,863,576
Sub-total of cash inflows 1,338,707,992 1,313,116,885 381,065,031 206,164,499
Cash payments for goods purchased and services
(356,130,205) (344,203,840) (69,058,584) (73,694,584)
received
Cash payments to and on behalf of employees (190,335,576) (169,568,020) (57,916,483) (46,882,549)
Payments of all types of taxes (105,481,433) (232,616,963) (4,051,617) (8,040,291)
Other cash payments relating to operating activities (58,217,964) (35,335,313) (363,117,914) (954,731,184)
Sub-total of cash outflows (710,165,178) (781,724,136) (494,144,598) (1,083,348,608)
Net cash flows from operating activities 628,542,814 531,392,749 (113,079,567) (877,184,109)
2. Cash flows from investing activities
Cash receipts from disposals and returns of
- - - 263,210,156
investments
Cash receipts from investments income 20,094,687 - 165,453,798 591,239,965
Net cash receipts from disposals of fixed assets,
2,705,018 5,363,242 - 206,060
intangible assets and other long-term assets
Sub-total of cash inflows 22,799,705 5,363,242 165,453,798 854,656,181
Cash payments to acquire or construct fixed assets,
(292,086,038) (386,017,619) (5,816,052) (8,949,755)
intangible assets and other long-term assets
Cash payments to acquire investments - - (100,000,000) -
Sub-total of cash outflows (292,086,038) (386,017,619) (105,816,052) (8,949,755)
Net cash flows from investing activities (269,286,333) (380,654,377) 59,637,746 845,706,426
3. Cash flows from financing activities
Cash receipts from borrowings 610,357,800 1,232,160,000 249,335,800 638,060,000
Cash receipts from issue of bonds - 496,000,000 - 496,000,000
Other cash receipts relating to financing activities 500,000,000 - 500,000,000 -
Sub-total of cash inflows 1,110,357,800 1,728,160,000 749,335,800 1,134,060,000
Cash repayments of borrowings (991,877,800) (1,456,960,000) (249,335,800) (888,060,000)
Cash payments for distribution of dividends or profit
(289,856,921) (605,196,586) (268,771,310) (287,883,934)
or interest
Other cash payments relating to financing activities (1,729,393) (120,000) (1,729,392) (120,000)
Sub-total of cash outflows (1,283,464,114) (2,062,276,586) (519,836,502) (1,176,063,934)
Net cash flows from financing activities (173,106,314) (334,116,586) 229,499,298 (42,003,934)
4. Effect of foreign exchange rate changes on cash
(1,405,723) - (470,827) -
and cash equivalents
5. Net increase in cash and cash equivalents 184,744,444 (183,378,214) 175,586,650 (73,481,617)
Add: Cash and cash equivalents at beginning of
314,855,568 478,788,943 149,792,425 187,090,694
year
6. Cash and cash equivalent at end of this period 499,600,012 295,410,729 325,379,075 113,609,077
11
