Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
Stock code: 000022/200022 Stock abbreviation: Chiwan Wharf A/Chiwan Wharf B Announcement No.: 2014-039
Shenzhen Chiwan Wharf Holdings Limited
Abstract of the 2014 Semi-annual Report
1. Important reminders
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.
Company profile
Stock abbreviation Chiwan Wharf A, Chiwan Wharf B Stock code 000022, 200022
Stock exchange listed with Shenzhen Stock Exchange
Contact information 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
Jan.-Jun. 2014 Jan.-Jun.2013 YoY +/-
Total operating income (RMB Yuan) 875,981,241.59 865,235,792.24 1.24%
Net profit attributable to shareholders of the parent (RMB
235,338,598.71 295,594,905.20 -20.38%
Yuan)
Net profit attributable to shareholders of the parent after
233,093,807.14 294,817,033.01 -20.94%
extraordinary gains and losses (RMB Yuan)
Net cash flows from operating activities (RMB Yuan) 282,633,209.75 357,817,144.38 -21.01%
Basic EPS (RMB Yuan/share) 0.365 0.458 -20.31%
Diluted EPS (RMB Yuan/share) 0.365 0.458 -20.31%
Weighted average ROE 5.85% 7.80% -1.95%
30 Jun. 2014 31 Dec. 2013 +/-
Total assets (RMB Yuan) 7,470,426,613.37 7,346,529,214.70 1.69%
Total shareholder’s equity attributable to equity holders of
3,932,905,331.07 3,947,846,392.77 -0.38%
the parent (RMB Yuan)
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Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
（2） Shareholdings of the top 10 common shareholders
Unit: share
Total number of Total number of preferred share holders who
35,585 shareholders, including 26,961
shareholders at the end had resumed their voting right at the end of 0
A-share holders and 8,624 B-share holders
of the reporting period the reporting period (if any)
Shareholdings of top ten shareholders (all being non-restricted share holders)
Increase/decr Number of Shares Type of
Nature of Percentage of ease in the non-restricted pledged shares (A,
Name of shareholder
shareholder shareholding reporting shares held at or frozen B, H or
period the period-end (share) other)
CHINA NANSHAN DEVELOPMENT
32.52% 0 209,687,067 0 A share
(GROUP) INC.
SHENZHEN MALAI STORAGE CO., LTD. 25% 0 161,190,933 0 A share
KEEN FIELD ENTERPRISES LIMITED Foreign shareholder 8.58% 0 55,314,208 0 B share
CMBLSA RE FTIF TEMPLETON ASIAN
Foreign shareholder 7.43% 0 47,914,954 Unknown B share
GRW FD GTI 5496
GIC PRIVATE LIMITED Foreign shareholder 0.66% 4,275,390 4,275,390 Unknown B share
EMPLOYEES PROVIDENT FUND Foreign shareholder 0.44% -757,996 2,828,270 Unknown B share
TEMPLETON ASIAN GROWTH FUND Foreign shareholder 0.41% 0 2,657,852 Unknown B share
BBH A/C VANGUARD EMERGING
Foreign shareholder 0.40% 0 2,595,918 Unknown B share
MARKETS STOCK INDEX FUND
CMBNA/STICHTING PENS FND ABP Foreign shareholder 0.39% 0 2,504,856 Unknown B share
KUMPULAN WANG PERSARAAN
Foreign shareholder 0.37% 0 2,368,067 Unknown B share
(DIPERBADANKAN)
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
Explanation on associated relationship or/and persons acting in of China Merchants Holdings (International) Company Limited,
concert among the above-mentioned shareholders: and Keen Field Enterprises Limited was also a wholly-funded
subsidiary of China Merchants Holdings (International) Company
Limited. Other than that, the Company does not know whether the
other non-restricted shareholders are related parties or not.
（3）Shareholdings of the top 10 preferred share holders
□ Applicable √ Inapplicable
（4）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, continuous weakness of the shipping
market, a sharp drop in the growth of import & export and a growth slowdown of the cargo throughput and the
container throughput of ports in the country. The container throughput of all ports in the country increased 5.7%
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Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
from the same period of last year, down by 2.6 percentage points, with that of Shenzhen Port (mainly engaged in
foreign trade) registering a year-on-year drop of 0.9%. Affected by a weak market and a high proportion of
international transit in the business structure, the container throughput of the Company went down 10.7% year on
year. As for the bulk cargo business, the handling capacity of Machong Port was released to a great extent,
boosting the bulk cargo throughput of the Company to grow 31.0% in the first half of 2014. And at the same time,
the proportion of cargo sources from foreign trade increased considerably and the business structure further
improved. To be specific, in the reporting period, the cargo throughput of Chiwan Port went down 14.9% year on
year due to resource reduction and business relocation while that of Machong Port soared 101.2% because of the
excellent results of its market expansion effort and the rapid development of its business. Business highlights of
the Company are set out as follows:
Reporting period Same period of last year
Main business indicator YoY +/-
(Jan.-Jun. 2014) (Jan.-Jun. 2013)
Total throughput (thousand tons) 30,821 32,868 -6.2%
Among which: Container throughput (thousand TEU) 2,395 2,681 -10.7%
Chiwan Port 1,775 2,035 -12.8%
Mawan Port 620 646 -4.0%
Throughput of bulk cargo (thousand tons) 7,823 5,974 31.0%
Chiwan Port 3,075 3,614 -14.9%
Machong Port 4,748 2,360 101.2%
Hours charged for tow trucks (thousand hours) 543 585 -7.2%
Hours charged for tugboats (hour) 14,581 15,320 -4.8%
The world economy will remain complex and changeable in the second half of 2014, with continuously polarized
recovery and growth in it. And the domestic economy shows a tendency of restructuring. With weak demand
growth both at home and abroad, as well as the continuous overcapacity, it is hard for the shipping market to
recover. We will face some big challenges in the container business in the future. And as countermeasures, we will
continue to enhance our effort in exploring local cargo sources, speed up berth alteration to adapt to bigger ships,
improve the operation efficiency and service, and try to maintain relative stability of our current market share. Our
bulk cargo business will keep growing steadily, but the throughput is expected to slow down in growth in the
second half of the year due to the market situation. We will also continue to push forward delicacy management
and cost decreasing & benefit increasing, accelerate the warehouse supporting project for Machong Port, attach
importance to technique innovation and energy saving & consumption reduction, and thoroughly improve the port
resource utilization efficiency and enterprise operation efficiency.
No significant change occurred to the structures of main business lines and profit during the reporting period. And
the main financial indicators are set out as follows:
Main financial indicators Jan.-Jun.2014 Jan.-Jun.2013 YoY +/-
Operating income (RMB Yuan) 875,981,241.59 865,235,792.24 1.24%
Operating profit (RMB Yuan) 338,134,354.99 431,778,589.42 -21.69%
Net profit attributable to shareholders of the parent(RMB Yuan) 235,338,598.71 295,594,905.20 -20.38%
Operating income increased 1.24% year on year because of the increased throughput of bulk cargo. Operating
profit and net profit attributable to shareholders of the parent went down 21.69% and 20.38% respectively on a
year-on-year basis mainly because operating costs increased due to the depreciation, labor, outsourcing and rent
costs, and the financial expenses increased due to the increased average occupation amount of interest-borne loans
and the loan interest rates, as well as the increased exchange loss on RMB depreciation.
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Abstract of the 2014 Semi-annual Report of Shenzhen Chiwan Wharf Holdings Limited
4. Matters related to financial reporting
(1) Explain change of the accounting policies, accounting estimates 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 27 August 2014
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