深圳市特力(集团)股份有限公司 2020 年半年度财务报告
SHENZHEN TELLUS HOLDING CO., LTD.
Financial Report
Semi-Annual Report 2020
（Un-audited）
August 2020
1
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Financial statements
1. Consolidated balance sheet
2020-06-30
In RMB
Item 2020-6-30 2019-12-31
Current assets:
Monetary funds 333,609,309.62 428,851,606.04
Settlement provisions
Capital lent
Tradable financial assets 115,128,569.86 60,486,575.34
Derivative financial assets
Note receivable
Account receivable 60,519,075.70 112,613,224.27
Receivable financing
Accounts paid in advance 17,088,141.12 12,683,603.89
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 45,617,678.95 44,908,546.40
Including: Interest receivable
Dividend receivable 39,647,732.42 39,647,732.42
Buying back the sale of financial
assets
Inventories 15,113,989.46 21,389,602.83
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 2,970,702.64 3,403,969.23
Total current assets 590,047,467.35 684,337,128.00
Non-current assets:
Loans and payments on behalf
2
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 170,700,410.89 162,178,544.05
Investment in other equity
10,176,617.20 10,176,617.20
instrument
Other non-current financial assets
Investment real estate 545,498,309.35 554,599,503.55
Fixed assets 104,203,903.95 107,119,796.59
Construction in progress 74,408,194.38 47,654,393.55
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 49,968,510.91 50,561,225.67
Expense on Research and
Development
Goodwill
Long-term expenses to be
12,895,310.28 13,606,805.49
apportioned
Deferred income tax asset 8,639,491.29 8,658,962.39
Other non-current asset 9,517,049.06 6,889,167.54
Total non-current asset 986,007,797.31 961,445,016.03
Total assets 1,576,055,264.66 1,645,782,144.03
Current liabilities:
Short-term loans 0.00
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 67,591,547.16 69,087,430.42
Accounts received in advance 14,416,295.28 27,299,822.71
Contractual liability
Selling financial asset of
repurchase
3
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 30,992,026.80 31,204,794.89
Taxes payable 13,159,531.35 71,425,267.61
Other account payable 99,453,009.14 101,266,802.49
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 225,612,409.73 300,284,118.12
Non-current liabilities:
Insurance contract reserve
Long-term loans 0.00
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable 3,920,160.36 3,920,160.36
Long-term wages payable
Accrual liability 2,225,468.76 2,225,468.76
Deferred income 139,400.00 139,400.00
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 6,285,029.12 6,285,029.12
Total liabilities 231,897,438.85 306,569,147.24
Owner’s equity:
Share capital 431,058,320.00 431,058,320.00
4
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 431,449,554.51 431,449,554.51
Less: Inventory shares
Other comprehensive income 26,422.00 26,422.00
Reasonable reserve
Surplus public reserve 21,007,488.73 21,007,488.73
Provision of general risk
Retained profit 394,914,047.12 387,423,510.78
Total owner’ s equity attributable to
1,278,455,832.36 1,270,965,296.02
parent company
Minority interests 65,701,993.45 68,247,700.77
Total owner’ s equity 1,344,157,825.81 1,339,212,996.79
Total liabilities and owner’ s equity 1,576,055,264.66 1,645,782,144.03
Legal representative: Fu Chunlong
Accounting Principal: Lou Hong
Accounting Firm’s Principal: Liu Yuhong
2. Balance Sheet of Parent Company
In RMB
Item 2020-6-30 2019-12-31
Current assets:
Monetary funds 149,476,502.21 201,885,691.27
Trading financial assets 40,324,383.56
Derivative financial assets
Note receivable
Account receivable 2,487,958.11 206,710.76
Receivable financing
Accounts paid in advance 16,500.00 100,000.00
Other account receivable 136,039,446.63 116,037,773.09
Including: Interest receivable
5
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Dividend receivable 547,184.35 547,184.35
Inventories
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 2,304,943.56 1,419,760.18
Total current assets 290,325,350.51 359,974,318.86
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 868,070,987.03 859,355,040.60
Investment in other equity
10,176,617.20 10,176,617.20
instrument
Other non-current financial assets
Investment real estate 38,164,135.64 39,616,602.02
Fixed assets 13,680,941.18 14,012,830.64
Construction in progress 50,643,962.68 35,321,704.26
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 48,418,670.74 48,953,266.56
Research and development costs
Goodwill
Long-term deferred expenses 2,460,433.45 2,639,122.63
Deferred income tax assets 3,538,377.94 3,557,849.04
Other non-current assets 9,417,049.06 6,789,167.54
Total non-current assets 1,044,571,174.92 1,020,422,200.49
Total assets 1,334,896,525.43 1,380,396,519.35
Current liabilities
Short-term borrowings
Trading financial liability
Derivative financial liability
Notes payable
6
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Account payable 14,000.00 14,000.00
Accounts received in advance 7,849.53
Contractual liability
Wage payable 17,856,341.97 8,199,278.01
Taxes payable 677,021.46 54,684,929.01
Other accounts payable 259,193,066.48 257,260,350.77
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 277,748,279.44 320,158,557.79
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee compensation
payable
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 277,748,279.44 320,158,557.79
Owners’ equity:
Share capital 431,058,320.00 431,058,320.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
7
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Capital public reserve 428,256,131.23 428,256,131.23
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 21,007,488.73 21,007,488.73
Retained profit 176,826,306.03 179,916,021.60
Total owner’s equity 1,057,148,245.99 1,060,237,961.56
Total liabilities and owner’s equity 1,334,896,525.43 1,380,396,519.35
3. Consolidated Profit Statement
In RMB
Item 2020 semi-annual 2019 semi-annual
I. Total operating income 197,051,790.29 278,268,739.33
Including: Operating income 197,051,790.29 278,268,739.33
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 177,927,309.69 243,457,096.79
Including: Operating cost 154,774,587.52 210,494,012.42
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 1,376,727.57 2,968,165.06
Sales expense 6,776,144.54 9,358,514.29
Administrative expense 17,202,000.61 16,878,629.26
R&D expense
Financial expense -2,202,150.55 3,757,775.76
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Including: Interest
46,986.20 4,765,937.06
expenses
Interest income 2,453,494.99 1,152,054.69
Add: other income 52,846.70 6,611.29
Investment income (Loss is
12,881,490.50 16,711,450.93
listed with “-”)
Including: Investment income
8,521,866.84 10,775,524.54
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost(Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
-356,102.35
value (Loss is listed with “-”)
Loss of credit impairment
599,201.43 101,666.14
(Loss is listed with “-”)
Losses of devaluation of asset
0.00
(Loss is listed with “-”)
Income from assets disposal
103,159.68
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
32,301,916.88 51,734,530.58
“-”)
Add: Non-operating income 946,106.92 119,625.44
Less: Non-operating expense 29,059.48 833,400.00
IV. Total profit (Loss is listed with “-”) 33,218,964.32 51,020,756.02
Less: Income tax expense 6,448,306.06 6,038,256.76
V. Net profit (Net loss is listed with “-”) 26,770,658.26 44,982,499.26
(i) Classify by business continuity
1.continuous operating net profit
26,770,658.26 44,982,499.26
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
25,594,985.78 44,779,948.60
of parent company
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
2.Minority shareholders’ gains and
1,175,672.48 202,550.66
losses
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
income attributable to minority
shareholders
VII. Total comprehensive income 26,770,658.26 44,982,499.26
Total comprehensive income
25,594,985.78 44,779,948.60
attributable to owners of parent Company
Total comprehensive income
1,175,672.48 202,550.66
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0594 0.1039
(ii) Diluted earnings per share 0.0594 0.1039
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
Legal representative: Fu Chunlong
Accounting Principal: Lou Hong
Accounting Firm’s Principal: Liu Yuhong
4. Profit Statement of Parent Company
In RMB
Item 2020 semi-annual 2019 semi-annual
I. Operating income 13,120,854.52 19,112,054.55
Less: Operating cost 3,857,719.57 1,774,557.00
Taxes and surcharge 409,089.36 786,231.07
Sales expenses 1,569,961.98
Administration expenses 12,509,528.85 8,507,495.18
R&D expenses
Financial expenses -961,656.89 2,775,796.55
Including: interest
3,610,643.70
expenses
Interest income 1,050,258.70 851,734.70
Add: other income 21,849.42
Investment income (Loss is
19,230,523.18 11,794,465.45
listed with “-”)
Including: Investment income
8,715,946.43 8,376,471.67
on affiliated Company and joint venture
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
-324,383.56
value (Loss is listed with “-”)
Loss of credit impairment
-18,945.66
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
14,664,200.69 17,043,494.54
“-”)
Add: Non-operating income -18,810.00 19,425.71
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) 14,645,390.69 17,062,920.25
Less: Income tax -369,343.18 764,471.10
IV. Net profit (Net loss is listed with
15,014,733.87 16,298,449.15
“-”)
(i)continuous operating net profit
15,014,733.87 16,298,449.15
(net loss listed with ‘-”)
(ii) termination of net profit (net
loss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
enterprise's credit risk
5. Other
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income 15,014,733.87 16,298,449.15
VII. Earnings per share:
(i) Basic earnings per share 0.0348 0.0378
(ii) Diluted earnings per share 0.0348 0.0378
5. Consolidated Cash Flow Statement
In RMB
Item 2020 semi-annual 2019 semi-annual
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 263,485,972.58 275,395,004.65
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
13
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings
and investment
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Net cash received by agents in sale
and purchase of securities
Write-back of tax received
Other cash received concerning
38,218,429.50 30,288,007.02
operating activities
Subtotal of cash inflow arising from
301,704,402.08 305,683,011.67
operating activities
Cash paid for purchasing
commodities and receiving labor 142,251,999.24 212,542,573.51
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 24,589,002.12 26,091,445.73
Taxes paid 68,873,589.78 9,452,428.27
Other cash paid concerning
48,683,488.74 30,162,504.86
operating activities
14
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Subtotal of cash outflow arising from
284,398,079.88 278,248,952.37
operating activities
Net cash flows arising from operating
17,306,322.20 27,434,059.30
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
755,800,000.00 965,735,585.20
investment
Cash received from investment
4,556,873.60 5,967,222.92
income
Net cash received from disposal of
fixed, intangible and other long-term 6,400.00 78,500.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
20,870,000.00
investing activities
Subtotal of cash inflow from investing
760,363,273.60 992,651,308.12
activities
Cash paid for purchasing fixed,
37,821,844.32 34,041,146.15
intangible and other long-term assets
Cash paid for investment 810,800,000.00 904,100,000.00
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
848,621,844.32 938,141,146.15
activities
Net cash flows arising from investing
-88,258,570.72 54,510,161.97
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
20,000,000.00
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
15
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Cash received from loans 158,020,000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
178,020,000.00
activities
Cash paid for settling debts 2,952,372.85 198,814,887.55
Cash paid for dividend and profit
21,825,829.24 4,756,413.09
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
24,778,202.09 203,571,300.64
activities
Net cash flows arising from financing
-24,778,202.09 -25,551,300.64
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 88.42 9.84
exchange rate
V. Net increase of cash and cash
-95,730,362.19 56,392,930.47
equivalents
Add: Balance of cash and cash
400,668,257.81 142,848,120.69
equivalents at the period -begin
VI. Balance of cash and cash
304,937,895.62 199,241,051.16
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item 2020 semi-annual 2019 semi-annual
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 4,151,391.53 14,820,726.01
services
Write-back of tax received 0
Other cash received concerning
40,826,847.87 6,580,839.48
operating activities
16
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Subtotal of cash inflow arising from
44,978,239.40 21,401,565.49
operating activities
Cash paid for purchasing
commodities and receiving labor 239,375.15
service
Cash paid to/for staff and workers 11,892,984.82 7,850,812.96
Taxes paid 54,859,179.71 1,157,332.91
Other cash paid concerning
46,163,081.37 14,812,259.31
operating activities
Subtotal of cash outflow arising from
113,154,621.05 23,820,405.18
operating activities
Net cash flows arising from operating
-68,176,381.65 -2,418,839.69
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
307,000,000.00 500,000,000.00
investment
Cash received from investment
10,641,433.09 3,996,094.69
income
Net cash received from disposal of
fixed, intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
20,870,000.00
investing activities
Subtotal of cash inflow from investing
317,641,433.09 524,866,094.69
activities
Cash paid for purchasing fixed,
17,257,856.83 7,675,914.33
intangible and other long-term assets
Cash paid for investment 267,000,000.00 487,000,000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
284,257,856.83 494,675,914.33
activities
Net cash flows arising from investing 33,383,576.26 30,190,180.36
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 143,000,000.00
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
143,000,000.00
activities
Cash paid for settling debts 143,000,000.00
Cash paid for dividend and profit
18,104,449.44 3,670,662.11
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
18,104,449.44 146,670,662.11
activities
Net cash flows arising from financing
-18,104,449.44 -3,670,662.11
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-52,897,254.83 24,100,678.56
equivalents
Add: Balance of cash and cash
173,702,343.04 62,172,486.14
equivalents at the period -begin
VI. Balance of cash and cash
120,805,088.21 86,273,164.70
equivalents at the period -end
7. Statement of Changes in Owners’ Equity (Consolidated)
Current period
In RMB
2020 semi-annual
Owners’ equity attributable to the parent Company
Other Other Minori Total
Item Less: Provisi ty owners
Share equity instrument compr Reaso Surplu Retain
Capital Invent on of Subtot interes ’
capita Prefe Perpe ehensi nable s ed Other
reserve ory genera al ts equity
l rred tual Other ve reserve reserve profit
shares l risk
stock capit incom
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
al e
secur
ities
I. Balance at the 431,0 431,44 21,007 387,42 1,270, 68,247 1,339,
26,422
end of the last 58,32 9,554. ,488.7 3,510. 965,29 ,700.7 212,99
.00
year 0.00 51 3 78 6.02 7 6.79
Add:
Changes of
accounting
policy
Error
correction of the
last period
Enterprise
combine under
the same
control
Other
II. Balance at 431,0 431,44 21,007 387,42 1,270, 68,247 1,339,
26,422
the beginning of 58,32 9,554. ,488.7 3,510. 965,29 ,700.7 212,99
.00
this year 0.00 51 3 78 6.02 7 6.79
III. Increase/
Decrease in this
7,490, 7,490, -2,545, 4,944,
year (Decrease
536.34 536.34 707.32 829.02
is listed with
“-”)
(i) Total 25,594 25,594 26,770
1,175,
comprehensive ,985.7 ,985.7 ,658.2
672.48
income 8 8 6
(ii) Owners’
devoted and
decreased
capital
1.Common
shares invested
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
owners equity
with
share-based
payment
4. Other
19
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
-18,10 -18,10 -21,82
(III) Profit -3,721,
4,449. 4,449. 5,829.
distribution 379.80
44 44 24
1. Withdrawal
of surplus
reserves
2. Withdrawal
of general risk
provisions
3. Distribution -18,10 -18,10 -21,82
-3,721,
for owners (or 4,449. 4,449. 5,829.
379.80
shareholders) 44 44 24
4. Other
(IV) Carrying
forward internal
owners’ equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus reserve
4．Carry-over
retained
earnings from
the defined
benefit plans
5．Carry-over
retained
earnings from
other
comprehensive
income
6. Other
(V) Reasonable
reserve
1. Withdrawal
in the report
period
2. Usage in the
report period
20
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(VI)Others
IV. Balance at 431,0 431,44
26,422
21,007 394,91 1,278, 65,701 1,344,
the end of the 58,32 9,554. ,488.7 4,047. 455,83 ,993.4 157,82
.00
report period 0.00 51 3 12 2.36 5 5.81
Last period
In RMB
2019 semi-annual
Owners’ equity attributable to the parent Company
Other
equity instrument Other Minorit
Item Perp Less: compr Provisi Total
Share Reaso Surplu Retain y
etual Capital Invent ehensi on of Subtot interest owners’
capita Prefe nable s ed Other equity
capit reserve ory ve genera al s
l rred Other reserve reserve profit
al shares incom l risk
stock
secur e
ities
I. Balance at 297,2 565,22 26,422 3,139, 184,53 1,050, 49,072, 1,099,2
the end of the 81,60 6,274. .00 918.14 5,322. 209,53 678.52 82,215.
last year 0.00 51 70 7.35 87
Add:
Changes of
accounting
policy
Error
correction of
the last period
Enterprise
combine
under the
same control
Other
II. Balance at 297,2 565,22 26,422 3,139, 184,53 1,050, 49,072, 1,099,2
the beginning 81,60 6,274. .00 918.14 5,322. 209,53 678.52 82,215.
of this year 0.00 51 70 7.35 87
III. Increase/ 133,7 -133,7 44,779 44,779 20,202, 64,982,
Decrease in this
76,72 76,720 ,948.6 ,948.6 550.66 499.26
year (Decrease
0.00 .00 0 0
is listed with
“-”)
(i) Total 44,779 44,779 202,550 44,982,
comprehensive ,948.6 ,948.6 .66 499.26
income 0 0
(ii) Owners’ 20,000, 20,000,
devoted and
000.00 000.00
decreased
21
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
capital
1.Common 20,000, 20,000,
shares invested
000.00 000.00
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
owners equity
with
share-based
payment
4. Other
(III) Profit
distribution
1. Withdrawal
of surplus
reserves
2. Withdrawal
of general risk
provisions
3. Distribution
for owners (or
shareholders)
4. Other
(IV) Carrying 133,7 -133,7
forward
76,72 76,720
internal
0.00 .00
owners’ equity
1. Capital 133,7 -133,7
reserves
76,72 76,720
conversed to
0.00 .00
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus reserve
4．Carry-over
retained
earnings
from the
defined
benefit plans
22
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
5．Carry-over
retained
earnings from
other
comprehensive
income
6. Other
(V) Reasonable
reserve
1. Withdrawal
in the report
period
2. Usage in the
report period
(VI)Others
IV. Balance at 431,0 431,44 26,422 3,139, 229,31 1,094, 69,275, 1,164,2
the end of the 58,32 9,554. .00 918.14 5,271. 989,48 229.18 64,715.
report period 0.00 51 30 5.95 13
8. Statement of Changes in Owners’ Equity (Parent Company)
Current period
In RMB
2020 semi-annual
Other equity instrument
Perpet Other
Item Capital Less: Reasona Total
Share Preferr ual compreh Surplus Retaine
public Inventor ble Other owners’
capital ed capital Other ensive reserve d profit
reserve y shares reserve equity
stock securiti income
es
I. Balance at the 431,05 179,91
428,256, 21,007,4 1,060,237,
end of the last 8,320.0 6,021.6
131.23 88.73 961.56
year 0 0
Add:
Changes of
accounting
policy
Error
correction of the
last period
Other
II. Balance at the 431,05 179,91
428,256, 21,007,4 1,060,237,
beginning of this 8,320.0 6,021.6
131.23 88.73 961.56
year 0 0
III. Increase/ -3,089, -3,089,715
23
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Decrease in this 715.57 .57
year (Decrease is
listed with “-”)
(i) Total
15,014, 15,014,73
comprehensive
733.87 3.87
income
(ii) Owners’
devoted and
decreased capital
1.Common
shares invested
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
owners equity
with share-based
payment
4. Other
(III) Profit -18,104 -18,104,44
distribution ,449.44 9.44
1. Withdrawal of
surplus reserves
2. Distribution
-18,104 -18,104,44
for owners (or
,449.44 9.44
shareholders)
3. Other
(IV) Carrying
forward internal
owners’ equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with surplus
reserve
4．Carry-over
retained earnings
from the defined
benefit plans
24
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
5．Carry-over
retained earnings
from other
comprehensive
income
6. Other
(V) Reasonable
reserve
1. Withdrawal in
the report period
2. Usage in the
report period
(VI)Others
IV. Balance at 431,05 428,256, 21,007,4
176,82
1,057,148,
the end of the 8,320.0 6,306.0
131.23 88.73 245.99
report period 0 3
Last period
In RMB
2019 semi-annual
Other equity
instrument
Other
Item Perpet Capital Less: Total
Share compre Reasonab Surplus Retained
Preferr ual public Inventor Other owners’
capital hensive le reserve reserve profit
ed capital Other reserve y shares equity
income
stock securit
ies
I. Balance at the 297,28
562,032 3,139,9 18,545,85 881,000,21
end of the last 1,600.
,851.23 18.14 0.31 9.68
year 00
Add:
Changes of
accounting
policy
Error
correction of
the last period
Other
II. Balance at 297,28 562,032 3,139,9 18,545,85 881,000,21
the beginning 1,600.
,851.23 18.14 0.31 9.68
of this year 00
III. Increase/
Decrease in this 133,77 -133,77
16,298,44 16,298,449.
year (Decrease 6,720. 6,720.0
9.15 15
is listed with 00 0
“-”)
25
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(i) Total 16,298,44 16,298,449.
comprehensive
9.15 15
income
(ii) Owners’
devoted and
decreased
capital
1.Common
shares invested
by shareholders
2. Capital
invested by
holders of other
equity
instruments
3. Amount
reckoned into
owners equity
with
share-based
payment
4. Other
(III) Profit
distribution
1. Withdrawal
of surplus
reserves
2. Distribution
for owners (or
shareholders)
3. Other
(IV) Carrying 133,77 -133,77
forward internal 6,720. 6,720.0
owners’ equity 00 0
1. Capital
reserves 133,77 -133,77
conversed to 6,720. 6,720.0
capital (share 00 0
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3. Remedying
loss with
surplus reserve
4．Carry-over
retained
earnings from
the defined
26
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
benefit plans
5．Carry-over
retained
earnings from
other
comprehensive
income
6. Other
(V) Reasonable
reserve
1. Withdrawal
in the report
period
2. Usage in the
report period
(VI)Others
IV. Balance at 431,05
428,256 3,139,9 34,844,29 897,298,66
the end of the 8,320.
,131.23 18.14 9.46 8.83
report period 00
27
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Shenzhen Tellus Holding Co., Ltd.
Notes to Financial Statements (Jan.-Jun. 2020)
(The unit is RMB unless otherwise specified)
I. Company profiles
1. Company profile
Chinese name of the Company: 深圳市特力(集团)股份有限公司
Foreign name of the Company: ShenZhen Tellus Holding Co.,Ltd
Registered address of the Company: 3/F, Tellus Building, No.56, Shui Bei Er Road, Luohu District, Shenzhen
Office address of the Company: 3/F, 4/F, Tellus Building, No.56, Shui Bei Er Road, Luohu District, Shenzhen
Stock exchange for listing: Shenzhen Stock Exchange
Short form of the stock and Stock code: Tellus-A(000025),Tellus-B(200025)
Registered capital: RMB 431,058,300
Legal representative: Fu Chunlong
Unified social credit code: 91440300192192210U
2. Business scope and major products and services of the Company
Business scope: Investment in industries (a separate application would be made for specific project); domestic
commerce, supply and distribution of materials (excluding those commodities subject to exclusive operation,
control and sale); rental and management of independently-owned properties. Operation of the products produced
by the Company and its subsidiaries, productive materials used by us, and import and export of metal proceeding
machinery and general components; the import and export business is subject to the foreign trade certificate Shen
Mao Guan Zheng Zi No. 098.
Major products and services: automobile sales, auto maintenance and inspection, sales of jewelry, property leasing
and service.
3. History of the Company
Shenzhen Testrite Group Co., Ltd. (hereinafter referred to as the Company), previously known as Shenzhen
Machinery Industry Company, was incorporated on 10 November 1986. In 1992, as authorized by the reply
relating to Shenzhen Machinery Industry Company transforming to Shenzhen Testrite Machinery Co.,
Ltd.(SFBF[1991]1012) issued by the Office of Shenzhen People Government, Shenzhen Machinery Industry
Company was transformed to Shenzhen Testrite Machinery Co., Ltd. in 1993, as authorized by the reply relating
to Shenzhen Testrite Machinery Co., Ltd. transforming to a public company (SFBF[1992]1850) issued by the
28
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Office of Shenzhen People Government and the reply relating to issuance of stocks by Shenzhen Testrite
Machinery and Electric Co., Ltd. (SRYFZ[1993]092) issued by Shenzhen branch of People’s Bank of China,
Shenzhen Testrite Machinery Co., Ltd. changed to be a public company and made the initial public offering. The
name of the Company changed to Shenzhen Testrite Machinery and Electric Co., Ltd., with a total share capital of
166,880,000 shares, among which, 120,900,000 shares were converted from the original assets and 45,980,000
shares were newly issued. The newly issued shares comprises of 25,980,000 RMB ordinary shares (A shares) and
20,000,000 RMB special shares (B shares). In June 1993, as approved by the reply relating to listing of Shenzhen
Testrite Machinery and Electric Co., Ltd. (SZBF[1993]34) issued by Shenzhen Securities Management Office and
the Listing Grant issued by Shenzhen Stock Exchange(SZSZ[1993]22), Shenzhen Testrite Machinery and Electric
Co., Ltd. was listed on Shenzhen Stock Exchange. On 15 March 1993, being approved by branch of Shenzhen
Special Economic Zone of People’s Bank of China “Shen Ren Yin Fu Zi (1993) No.: 092”, the Company released
25.98 million registered common A shares with RMB 1.00 par value as well as 20 million B shares. And the
Company renamed as Shenzhen Tellus Holding Co., Ltd. instead of Shenzhen Testrite Machinery Co., Ltd. dated
30 June 1994 after approval from the Shenzhen Administration for Industry and commerce. As of 30 June 2020,
the Company has 431,058,300 shares issued in total.
There are 16 subsidiaries including Shenzhen Zhongtian Industrial Co,. Ltd., Sichuan Tellus Jewelry Tech. Co.,
Ltd and Shenzhen Huari Toyota Auto Sales Service Co., Ltd included in the consolidate scope of the Company in
the Period, found more in the explanation carry in Note VII and Note VIII.
This financial statement is approved for disclosure by resolution from the Board dated 26 August 2020.
II. Basis Preparation of the Financial Statements
1.Preparation base
Financial statement of the Company is prepared on a going concern basis.
2. Going concern
The Company does not have any events or circumstances that would cause significant doubt about its ability to
continue as a going concern within 12 months from the end of the reporting period.
III. Important accounting policy & accounting estimation
Specific accounting policies and estimation attention:
Important tips: according to the characteristics of the actual production and operation, the Company formulated
specific accounting policies and estimation for transactions or events such as impairment of financial instruments,
depreciation of fixed assets, amortization of intangible assets and revenue recognition.
29
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
1. Statement of Compliance with the Accounting Standards for Business Enterprises
The financial statements prepared by the Company are in accordance to requirements of Accounting Standard for
Business Enterprise, which truly and completely reflect the financial status of the Company, as well as the
operation results and cash flows.
2. Accounting period
Accounting period of the Company is falls to the range starting from 1 January to 31 December.
3. Operating cycle
Operating cycle of the Company’s business is relatively short, and 12 months is taken as the liquidity division
standard of assets and liabilities.
4. Standard currency
The Company and its subsidiaries take RMB as the standard currency for bookkeeping.
5. Accounting treatment method for business combination under the same control and business
combination not under the same control
1. Accounting treatment method for business combination under the same control
The assets and liabilities acquired by the company in a business combination shall be measured according to the
book value of the combined party in the consolidated financial statements of the ultimate controlling party on the
combination date. The company adjusts the capital reserve according to the difference between the book value
share of the combined party’s owner’s equity in the ultimate controlling party’s consolidated financial statements
and the book value of the combined consideration paid or the total face value of the issued shares; if the capital
reserve is insufficient to offset, adjust the retained earnings.
2. Accounting treatment method for business combination not under the same control
The difference between the company’s combined cost and the fair value share of the acquiree’s identifiable net
assets acquired in the combination on the purchase date is recognized as goodwill; if the combination cost is less
than the fair value share of the acquiree’s identifiable net assets acquired in the combination, review the fair value
of the acquiree’s identifiable assets, liabilities and contingent liabilities and the measurement of the combination
cost in the first place. After the review, if the combination cost is still less than the fair value of the acquiree’s
identifiable net assets obtained in the combination, the difference is included in the current profit and loss.
6. Methods for preparation of consolidated financial statements
All subsidiaries controlled by the parent company are included in the consolidation scope of the consolidated
30
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
financial statements. The consolidated financial statements are based o the financial statements of the parent
company and its subsidiaries, and prepared by the parent company in accordance with the Accounting Standards
for Business Enterprise No.33- Consolidated Financial Statement according to other relevant information.
7. Classification of joint venture arrangement and accounting for joint operations
1. Joint venture arrangements are divided into joint operations and joint ventures.
2. When the Company is a joint venture party of a joint venture arrangement, recognizes its proportion of interests
in joint operation as related to the Company:
(1) To recognize separately-held assets and jointly-held assets under its proportion;
(2) To recognize separately-assumed liabilities and jointly-assumed liabilities under its proportion;
(3) To recognize revenue from disposal of the output which the Company is entitled to under the proportion;
(4) To recognize revenue from disposal of the output under the proportion;
(5) To recognize separately occurred expenses, and to recognize expenses occurred for joint operations under its
proportion.
8. Recognition standards for cash and cash equivalents
The cash carry in cash flow statement refers to the stock cash and deposits available for payment at any time.
Cash equivalent refers to the investment featuring with the following characters: short term, active liquidity, easy
to convert to already-known cash and small value change risks.
9. Foreign currency business and conversion of foreign currency statement
1.Conversion of foreign currency business
When foreign currency transactions are initially recognized, the spot exchange rate on the transaction date shall be
used to convert the foreign currency transaction into RMB amount.On the balance sheet date, foreign currency
monetary items are converted at the spot exchange rate on the balance sheet date. The exchange difference arising
from different exchange rates, except for the exchange difference of the principal and interest of foreign currency
special borrowings related to the acquisition and construction of assets that meet the conditions for capitalization,
is included in the current profit and loss; as for the foreign currency non-monetary items measured by historical
cost, conversion is made with the spot exchange rate as of the business day, with no change in RMB amount; as
for the foreign currency non-monetary items measured by fair value, the amount is then converted into RMB
according to the spot exchange rate as of the confirmation day for fair value. And the conversion difference
occurred is recorded into current gains/losses or other comprehensive income.
2. Conversion of foreign currency financial statement
Spot exchange rate as of the balance sheet date is adopted for conversion of assets and liabilities in the balance
sheet; as for the items in statement of owners’ equity except for “Retained profit”, conversion is made pursuant to
the spot exchange rate of business day; items of income and expenses in the profit statement shall be converted at
the spot exchange rate on the date of transaction. The balance of foreign currency financial statements generated
according to the above transaction shall be included in other comprehensive income.
31
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
10. Financial instruments
1. Categories of financial assets and financial liabilities
At initial recognition, financial assets are classifies into three types: (1) the financial assets measured at amortized
cost; (2) the financial assets measured at fair value and whose changes are included in other comprehensive
income; and (3) the financial assets measured at fair value and whose changes are included in current gain/loss.
At the time of initial recognition, financial liabilities are divided into the following four categories: (1) Financial
liabilities measured at fair value and whose changes are included in the current profit and loss; (2) Financial
liabilities formed as the transfer of financial assets does not meet the conditions for derecognition or continues to
be involved in the transferred financial assets; (3) Financial guarantee contracts that do not belong to
above-mentioned (1) or (2), and loan commitments that do not belong to above-mentioned (1) and are loaned at a
lower-than-market interest rate; (4) Financial liabilities measured at amortized cost.
2. Recognition basis, measurement method and derecognition conditions of financial assets and financial
liabilities
(1) Recognition basis and initial measurement method of financial assets and financial liabilities
When a company becomes a party to a financial instrument contract, a financial asset or financial liability is
recognized. When financial assets or financial liabilities are initially recognized, they are measured at fair value;
for financial assets and financial liabilities that are measured at fair value and whose changes are included in the
current profits and losses, the relevant transaction costs are directly included in the current profits and losses; for
other types of financial assets or financial liabilities, related transaction costs are included in the initial recognition
amount. However, if the account receivable initially recognized by the company does not contain a significant
financing component or the company does not consider the financing component in a contract that is less than one
year, the initial measurement is made at the transaction price.
(2) Subsequent measurement methods of financial assets
1) Financial assets measured at amortized cost
The subsequent measurement is carried out according to the amortized cost by adopting the effective interest
method. The gains or losses arising from financial assets that are measured at amortized costs and are not part of
any hedging relationship are included in the current profits and losses when they are derecognized, reclassified,
amortized or recognized as impairment in accordance with the effective interest method.
2) Debt instrument investment measured at fair value and whose changes are included in other comprehensive
income
Use fair value for subsequent measurement. Interest, impairment losses or gains and exchange gains and losses
calculated by using the effective interest rate method are included in the current profits and losses, and other gains
or losses are included in other comprehensive income. When derecognized, the accumulated gains or losses
previously included in other comprehensive income shall be transferred from other comprehensive income and
included in the current profits and losses.
3) Equity instrument investment measured at fair value and whose changes are included in other comprehensive
32
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
income
Use fair value for subsequent measurement. Dividends obtained (except those that are part of the recovery of
investment costs) are included in the current profits and losses, and other gains or losses are included in other
comprehensive income. When derecognized, the accumulated gains or losses previously included in other
comprehensive income are transferred from other comprehensive income and included in retained earnings.
4) Financial assets measured at fair value and whose changes are included in the current profits and losses
Use fair value for subsequent measurement, and the resulting gains or losses (including interest and dividend
income) are included in the current profits and losses, unless the financial asset is part of the hedging relationship.
(3) Subsequent measurement methods of financial liabilities
1) Financial liabilities measured at fair value and whose changes are included in the current profits and losses
Such financial liabilities include transactional financial liabilities (including derivative instruments that are
financial liabilities) and financial liabilities designated to be measured at fair value and whose changes are
included in the current profits and losses. For such financial liabilities, subsequent measurement is made at fair
value. Changes in the fair value of financial liabilities designated to be measured at fair value and whose changes
are included in the current profits and losses caused by changes in the company’s own credit risk are included in
other comprehensive income, unless the treatment will cause or enlarge the accounting mismatch in the profits
and losses. Other gains or losses arising from such financial liabilities (including interest expenses,except for
changes in fair value due to changes in the company's own credit risk) are included in the current profits and
losses, unless the financial liabilities are part of the hedging relationship. When derecognized, the accumulated
gains or losses previously included in other comprehensive income are transferred from other comprehensive
income and included in retained earnings.
2) The transfer of financial assets does not meet the conditions for derecognition or continues to be involved in
financial liabilities formed by the transferred financial assets
Measure in accordance with the relevant provisions of the "Accounting Standards for Business Enterprises No.
23-Transfer of Financial Assets".
3) Financial guarantee contracts that do not belong to 1) or 2) above, and loan commitments that do not belong to
1) above and loan at interest rates lower than market interest rates
After the initial recognition, the subsequent measurement shall be carried out according to the higher of the
following two amounts: ① The amount of loss provisions determined in accordance with the impairment
provisions of financial instruments; ② The balance after deducting the accumulated amortization determined in
accordance with relevant regulations from the initial recognition amount.
4) Financial liabilities measured at amortized cost
Measure at amortized cost by using the effective interest method. The gains or losses arising from financial
liabilities that are measured at amortized cost and are not part of any hedging relationship are included in the
current profits and losses when they are derecognized and amortized according to the effective interest method.
(4) Derecognition of financial assets and financial liabilities
1) When meeting one of the following conditions, the financial assets are derecognized:
① The contractual right to receive cash flow of financial assets has been terminated;
33
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
② The financial assets have been transferred and the transfer meets the requirements of the "Accounting
Standards for Business Enterprises No. 23-Transfer of Financial Assets" on the derecognition of financial assets.
2) When the current obligation of the financial liability (or part of it) has been discharged, the financial liability
(or part of the financial liability) shall be derecognized accordingly.
3. Recognition basis and measurement method of financial asset transfer
If the company transfers almost all the risks and rewards related to the ownership of a financial asset, derecognize
the financial asset, and separately recognize the rights and obligations arising or retained during the transfer as
assets or liabilities; if almost all the risks and rewards related to the ownership of the financial assets are
retained,continue to recognize the transferred financial assets. If the company neither transfers nor retains almost
all the risks and rewards related to the ownership of the financial assets, the following situations shall be dealt
with respectively: (1) If the control of the financial assets is not retained, derecognize the financial assets, and the
rights and obligations generated or retained during the transfer shall be separately recognized as assets or
liabilities; (2) If the control of the financial assets is retained, the relevant financial assets are recognized
according to the degree of continued involvement in the transferred financial assets, and the relevant liabilities are
recognized accordingly.
If the overall transfer of financial assets meets the conditions for derecognition, the difference between the
following two amounts is included in the current profit and loss: (1) the book value of the transferred financial
assets on the date of derecognition; (2) the sum of the consideration received due to the transfer of financial assets
and the amount corresponding to the derecognized portion of the accumulated amount of fair value changes
originally directly included in other comprehensive income (the financial assets involved in transfer are
investments in debt instruments that are measured at fair value and whose changes are included in other
comprehensive income). If a part of the financial asset is transferred, and the entire transferred part meets the
conditions for derecognition, the book value of the entire financial asset before the transfer will be allocated
between the derecognition part and the part continuing to recognize according to their respective relative fair
values on the transfer date, and include the difference between the following two amounts in the current profits
and losses: (1) the book value of the derecognized part; (2) the sum of the consideration of the derecognized part
and the amount corresponding to the derecognized portion of the accumulated amount of fair value changes
originally directly included in other comprehensive income (the financial assets involved in transfer are
investments in debt instruments that are measured at fair value and whose changes are included in other
comprehensive income)..
4. Methods for determining the fair value of financial assets and financial liabilities
The company uses valuation techniques that are applicable under current circumstances and have sufficient data
and other supporting information to determine the fair value of relevant financial assets and financial liabilities.
The company divides the input values used by valuation techniques into the following levels and uses them in
sequence:
(1) The first-level input value is the unadjusted quotation of the same asset or liability in the active market that can
be obtained on the measurement date;
(2) The second-level input value is the directly or indirectly observable input value of related assets or liabilities
34
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
other than the first-level input value, including the quotes of similar assets or liabilities in the active market; the
quotes of the same or similar assets or liabilities in the inactive market; other observable input values other than
quotes, such as interest rates and yield curves that are observable during the normal quote interval;
market-validated input values, etc.;
(3) The third-level input value is the unobservable input value of the relevant asset or liability, including interest
rates that cannot be directly observed or verified by observable market data, stock volatility, future cash flows of
abandoned obligations assumed in business combinations, financial forecasts made by using own data, etc.
5. Impairment of financial instruments
(1) Impairment measurement and accounting treatment of financial instruments
The company uses expected credit losses as the basis, and makes impairment and recognizes loss provisions for
financial assets measured at amortized cost, investment in debt instruments measured at fair value with changes
included in other comprehensive income, lease receivables, loan commitments other than financial liabilities that
are classified as financial liabilities measured at fair value with changes included in the current profits and losses,
financial liabilities that are not measured at fair value and whose changes are included in the current profits and
losses, or financial guarantee contracts of financial liabilities that do not meet the conditions for derecognition or
continue to be involved in the transferred financial assets.
Expected credit loss refers to the weighted average of the credit losses of financial instruments weighted on the
risk of default. Credit loss refers to the difference between all contractual cash flows discounted by the company
at the original actual interest rate and receivable under the contract and all cash flows expected to be received, that
is, the present value of all cash shortages. Among them, for the financial assets purchased or originated by the
company that have been credit-impaired, they are discounted according to the credit-adjusted actual interest rate
of the financial assets.
For purchased or derived financial assets that have been credit-impaired, the company only recognizes the
cumulative changes in expected credit losses during the entire duration after initial recognition as loss provisions
on the balance sheet date.
For accounts receivable that do not contain a significant financing component or the company does not consider
the financing component of a contract that does not exceed one year, the company uses the simplified
measurement method to measure the loss provisions at the amount equivalent to the expected credit losses during
the entire duration.
For lease receivables and accounts receivable that contain major financing components, the company uses the
simplified measurement method to measure loss provisions at the amount equivalent to expected credit losses
during the entire duration.
For a financial asset other than the above measurement methods, the company assesses on each balance sheet date
whether its credit risk has increased significantly since the initial recognition. If the credit risk has increased
significantly since the initial recognition, the company measures the loss provisions at the amount of expected
credit losses during the entire duration; if the credit risk has not increased significantly since the initial recognition,
the company measures the loss provisions based on the amount of expected credit loss of the financial instrument
in the next 12 months.
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
The company uses available reasonable and evidence-based information, including forward-looking information,
and determines whether the credit risks of financial instruments have increased significantly since the initial
recognition by comparing the risk of default of financial instruments on the balance sheet date with the risk of
default on the date of initial recognition.
On the balance sheet date, if the company judges that a financial instrument only has a low credit risk, it is
assumed that the credit risk of the financial instrument has not increased significantly since the initial recognition.
The company assesses expected credit risks and measures expected credit losses based on individual financial
instrument or a combination of financial instruments. When based on a combination of financial instruments, the
company divides financial instruments into different combinations based on common risk characteristics.
The company re-measures expected credit losses on each balance sheet date, and the resulting increase in loss
reserves or the amount reversed is included in the current profits and losses as impairment losses or gains. For a
financial asset measured at amortized cost, the loss provisions offset against the book value of the financial asset
listed in the balance sheet; for debt investments measured at fair value and whose changes are included in other
comprehensive income, the company recognizes the loss provisions in other comprehensive income, and does not
deduct the book value of the financial asset.
(2) Financial instrument that assesses expected credit risks and measures expected credit losses by portfolio
Item Basis for determining the portfolio Measuring methods for expected credit
losses
Other account receivable - related transaction Nature of the account With reference to historical credit loss
receivable in consolidate scope experience, combined with current
Other account receivable - dividend receivable conditions and forecasts of future economic
conditions, the expected credit loss is
Other account receivable - account age Account age
calculated through the default risk exposure
and the expected credit loss rate within the
next 12 months or the entire duration
(3)Account receivable with expected credit loss measured at portfolio
1) Specific portfolio and methods on measuring the expected credit losses
Item Basis for determining the portfolio Measuring methods for expected credit
losses
Account receivable—account age account age With reference to historical credit loss
experience, combined with current
conditions and forecasts of future economic
conditions, the expected credit loss is
calculated by the comparison table prepared
between the account age of receivable and
the expected credit loss rate within the entire
duration
Account receivable - Jewelry sales business Account receivable with sales of jewelry With reference to historical credit loss
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
concerned experience, combined with current
conditions and forecasts of future economic
conditions, the expected credit loss is
calculated through the default risk exposure
and the expected credit loss rate within the
entire duration
2) Account receivable—comparison table between the account age (in portfolio) and expected credit loss rate
for the whole duration
Account age Expected credit loss rate of account
receivable (%)
Within one year (inclusive, the same below) 1
1-2 years 5
2-3 years 20
Over 3 years 50
6. Offsetting of financial assets and financial liabilities
Financial assets and financial liabilities are listed separately in the balance sheet and do not offset each other.
However, if the following conditions are met at the same time, the company will list the net amount after
offsetting each other in the balance sheet: (1) The company has the statutory right to offset the recognized amount,
and this statutory right is currently enforceable; 2) The company plans to settle on a net amount, or realize the
financial assets and liquidate the financial liabilities at the same time.
For the transfer of financial assets that does not meet the conditions for derecognition, the company does not
offset the transferred financial assets and related liabilities.
11.Note receivable
Not applicable
12.Account receivable
1. Account receivable with bad debt provision accrual on a single basis
Provision for bad debts on single basis: Bad debt provision shall be made on a single basis when there is evidence that the credit
risk of a single item of account receivable is large.
Accrual method for bad debt provision: Conduct impairment tests separately, and make provision for bad debts according to the
difference between the present value of its future cash flow and its book value
2. Accounts receivable with provision for bad debts according to the combination of expected credit risk
characteristics
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Except for the accounts receivable with bad debt provision accrual on a single basis, the accounts receivable are
grouped according to the similarity and correlation of credit risk characteristics. These credit risks usually reflect
the debtor's ability to repay all due amounts in accordance with the contractual terms of the assets, and are related
to the calculation of the future cash flow of the asset under inspection. The Group uses the aging of accounts
receivable as the combination of expected credit risk characteristics to make provisions for bad debts based on the
actual credit losses of previous years and the forward-looking information of the current year. The accounting
policies for bad debt provisions are as follows:
Account age Expected credit loss rate of account receivable (%)
Within one year 1
1-2 years 5
2-3 years 20
Over 3 years 50
13. Account receivable financing
Not applicable
14. Other account receivable
Determining method and accounting treatment on the expected credit loss of other account receivable
1. Other account receivable with bad debt provision accrual on a single basis
Provision for bad debts on single basis: Bad debt provision shall be made on a single basis when there is evidence that the credit
risk of a single item of other account receivable is large.
Accrual method for bad debt provision: Conduct impairment tests separately, and make provision for bad debts according to the
difference between the present value of its future cash flow and its book value
2. Other accounts receivable with provision for bad debts according to the combination of expected credit risk
characteristics
Except for the other accounts receivable with single provision for bad debts, the other receivable are grouped
according to the similarity and correlation of credit risk characteristics. These credit risks usually reflect the
debtor's ability to repay all due amounts in accordance with the contractual terms of the assets, and are related to
the calculation of the future cash flow of the asset under inspection. The Group uses the aging of other accounts
receivable as the combination of expected credit risk characteristics to make provisions for bad debts based on the
actual credit losses of previous years and the forward-looking information of the current year. The accounting
policies for bad debt provisions are as follows:
Account age Expected credit loss rate of other account receivable (%)
Within one year 1
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
1-2 years 5
2-3 years 20
Over 3 years 50
15. Inventory
1. Classification
Inventory includes finished products or commodities held for sale in daily activities, products in the production
process, materials and supplies consumed in the production process or the process of providing labor services, etc.
2. Valuation methods for delivery of inventory
The delivery of inventory shall be priced individually on a first-in, first-out basis.
3. Recognition standards of the net realizable value for inventory
On the balance sheet date, inventories are measured at the lower of cost and net realizable value, and provision for
impairment of inventories is made based on the difference between the cost of a single inventory/inventory
category and the net realizable value. The net realizable value of the inventory directly used for sale is determined
in the normal production and operation process at the estimated selling price of the inventory minus the estimated
sales expenses and related taxes. The net realizable value of the inventory that needs to be processed is determined
by the estimated selling price of the finished product produced after subtracting the estimated cost, estimated sales
expenses and related taxes and fees at the time of completion in the normal production and operation process. On
the balance sheet date, for part of the same inventory has a contract price agreement while the other part does not
have a contract price, the net realizable value shall be determined separately, and the corresponding cost shall be
compared to respectively determine the amount of provision or reversal for inventory falling price reserves.
4. Inventory system
Inventory system is the perpetual inventory system.
5. Amortization of low-value consumables and packaging materials
(1) Low-value consumables
Amortization is carried out according to the number of times of use.
(2) Wrappage
Amortization is carried out according to the number of times of use.
16. Contractual asset
Not applicable
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
17. Contract cost
Not applicable
18. Assets held for sale
1. Classification of non-current assets or disposal groups held for sale
The Company classifies non-current assets or disposal groups that meet all of the following conditions as
held-for-sale: 1)according to the practice of selling this type of assets or disposal groups in a similar transaction,
the non-current assets or disposal group can be sold immediately at its current condition; 2)The sale is likely to
occur, that is, the Company has made resolution on the selling plan and obtained definite purchase commitment,
the selling is estimated to be completed within one year.
The non-current assets or disposal group acquired by the company specifically for resale shall be classified as held
for sale on the date of acquisition if meets the condition of “expected to complete the sale within one year” on the
acquisition date, and is likely to meet other classification conditions of held for sale in the short term (usually 3
months) .
Due to one of the following reasons beyond the company’s control, the transaction among non-related parties
cannot be completed within one year, and the company still promises to sell non-current assets or disposal groups,
continue to classify non-current assets or disposal groups as held for sale: 1) The buyer or other parties
accidentally set the conditions that caused the sale to be delayed. The company has taken timely action against
these conditions and is expected to be able to smoothly resolve the delay factors within one year from the setting
of the conditions that caused the sale to be delayed; 2) Rare circumstances have caused the non-current assets held
for sale or the disposal group to fail to complete the sale within one year. The company has taken necessary
measures to address these new situations in the first year and has re-satisfied the classification conditions of the
held for sale categories.
2. Measurement of non-current assets or disposal groups held for sale
1) Initial measurement and subsequent measurement
When initially measuring and remeasuring the non-current assets or disposal groups held for sale on the balance
sheet date, if the book value is higher than the net value of fair value minus selling expenses, the book value shall
be written down to the net amount after deducting selling expenses from fair value, the written-down amount is
recognized as asset impairment loss, and included in the current profits and losses, and provision for impairment
of assets held for sale is made.
For non-current assets or disposal groups classified as held-for-sale categories on the acquisition date, compare
the initial measurement amount assuming that they are not classified as held-for-sale with the net amount after
deducting selling expenses from fair value at the initial measurement, and measure the lower of the two. Except
for the non-current assets or disposal groups obtained in a business combination, the difference arising from the
net amount of the non-current assets or disposal groups after deducting selling expenses from fair value and used
as the initial measurement amount is included in the current profit and loss.
For the amount of asset impairment losses confirmed by the disposal group held for sale, the book value of the
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
goodwill in the disposal group is first offset, and then the book value is offset in proportion based on the
proportion of the book value of each non-current asset in the disposal group.
Non-current assets held for sale or non-current assets in the disposal group are not depreciated or amortized, and
interest and other expenses on liabilities in the disposal group held for sale continue to be recognized.
2) Accounting treatment of asset impairment loss reversal
If the net amount of the fair value of the non-current assets held for sale increases after subtracting the selling
expenses on the subsequent balance sheet date, the previously written-down amount shall be recovered and
reversed within the amount of the asset impairment losses recognized after being classified as held for sale, and
the reversed amount is included in the current profits and losses. Asset impairment losses recognized before being
classified as held for sale shall not be reversed.
On the subsequent balance sheet date, if the net amount of the fair value of the disposal group held for sale
increases after subtracting the selling expenses, the previously written-down amount shall be recovered and
reversed within the amount of the asset impairment losses recognized as non-current assets after being classified
as held for sale, and the reversed amount is included in the current profits and losses. The book value of the
deducted goodwill and the asset impairment losses recognized before the non-current assets are classified as held
for sale shall not be reversed.
For subsequent reversal of the asset impairment losses confirmed by the disposal group held for sale, its book
value is increased in proportion based on the proportion of the book value of each non-current asset in the disposal
group except for the goodwill.
3) Accounting treatment no longer being classified as held for sale and being derecognized
When non-current assets or disposal groups no longer continue to be classified as held for sale as they no longer
meet the classification conditions of the held for sale category or non-current assets are removed from the held for
sale disposal group, measure based on the lower of the following two: a. Book value before being classified as
held for sale, the amount adjusted according to the depreciation, amortization, or impairment that should have
been recognized under the assumption that it is not classified as held for sale; b. Recoverable amount.
When derecognizing non-current assets or disposal groups held for sale, the unrecognized gains or losses shall be
included in the current profits and losses.
19. Creditors’ investment
Not applicable
20. Other creditors’ investment
Not applicable
21. Long-term account receivable
Based on whether its credit risk has increased significantly since its initial recognition, the Company uses an
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
amount equivalent to expected credit losses in the next 12 months or the entire duration to measure long-term
receivable impairment losses. Except for long-term receivables whose credit risk is assessed individually,
impairment losses are accrued based on their credit risk characteristics.
22. Long-term equity investment
1. Judgment of joint control and significant influence
According to the relevant agreement, there is mutual control over an arrangement, and the relevant activities of
the arrangement must be agreed by the participants who share the control rights before making decisions, and it is
deemed as joint control. Having the power to participate in decision-making on the financial and operating
policies of the invested entity, but not being able to control or jointly control the formulation of these policies with
other parties, it is deemed as a significant influence.
2. Determination of investment cost
(1) In the case of a business combination under the same control, if the combining party pays cash, transfers
non-cash assets, assumes debts, or issues equity securities as the merger consideration, the share of the book value
of the acquired owner’s equity of the combined party in the consolidated financial statements of the ultimate
controlling party shall be used as its initial investment cost. The difference between the initial investment cost of
long-term equity investment and the book value of the combined consideration paid or the total face value of the
issued shares shall adjust the capital reserve; if the capital reserve is insufficient to offset, adjust the retained
earnings.
The company realizes the long-term equity investment formed by the business combination under the same
control step by step through multiple transactions, and judges whether it is a "package deal". If it is a "package
deal", each transaction shall be accounted for as a transaction to obtain control for accounting treatment. If it is not
a "package deal", on the combining date, the initial investment cost shall be determined based on the share of the
book value of the combined party's net assets in the ultimate controlling party's consolidated financial statements
after the combination. The difference between the initial investment cost of the long-term equity investment on
the combining date and the book value of the long-term equity investment before the combination plus the sum of
the book value of the consideration newly paid for further obtaining shares on the combining date shall adjust the
capital reserve; if the capital reserve is insufficient to offset , adjust the retained earnings.
(2) In the case of a business combination not under the same control, the fair value of the combined consideration
paid on the purchase date shall be the initial investment cost.
The company realizes the long-term equity investment formed by business combination not under the same
control step by step through multiple transactions, and separates individual financial statements and consolidated
financial statements for relevant accounting treatment:
1) In individual financial statements, the sum of the book value of the equity investment originally held plus the
cost of the newly increased investment is used as the initial investment cost calculated by the cost method.
2) In the consolidated financial statements, judge whether it is a "package deal". If it is a "package deal", each
transaction shall be accounted for as a transaction to obtain control for accounting treatment. If it is not a "package
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
deal", the equity of the acquiree held before the purchase date shall be remeasured at the fair value of the equity
on the purchase date, and the difference between the fair value and its book value shall be included in the current
investment income.
If the equity held by the acquiree before the purchase date involves other comprehensive income calculated by the
equity method, the other comprehensive income related to it shall be converted to the current income on the
purchase date, except for other comprehensive income arising from changes in net liabilities or net assets of
defined benefit plans remeasured by the investee.
(3) Except for the formation of a business combination, for those obtained by paying cash, the actual purchase
price paid shall be its initial investment cost; for those obtained by issuing equity securities, the fair value of the
issued equity securities shall be its initial investment cost; for those acquired through debt restructuring, the initial
investment cost shall be determined according to "Accounting Standards for Business Enterprises No. 12 - Debt
Restructuring"; for those acquired through non-monetary asset exchanges, the initial investment cost shall be
determined in accordance with "Accounting Standards for Business Enterprises No. 7 - Non-monetary Asset
Exchanges".
3. Subsequent measurement and profit and loss confirmation methods
The long-term equity investment that controls the investee is accounted for by the cost method; the long-term
equity investment for associates and joint ventures is accounted for by the equity method.
4. Handling method of disposing investments in subsidiaries step by step through multiple transactions until they
lose control
(1) Individual financial statements
For the disposed equity, the difference between its book value and the actual purchase price shall be included in
the current profit and loss. For the remaining equity, if it still has a significant impact on the invested entity or
performs joint control with other parties, it shall be converted to equity method accounting; if the invested entity
can no longer be controlled, jointly controlled or significantly affected, it shall be calculated in accordance with
relevant regulations of the "Accounting Standards for Business Enterprises No. 22 - Recognition and
Measurement of Financial Instruments".
(2) Consolidated financial statements
1) Step-by-step disposal of investments in subsidiaries through multiple transactions to the loss of control, and not
belonging to a "package deal"
Before the loss of control, the difference between the disposal cost and the net asset share continuing to be
calculated from the date of purchase or combination by the subsidiary corresponding to the disposal of long-term
equity investment shall adjust the capital reserve (capital premium), if the capital reserve is insufficient to offset ,
adjust the retained earnings.
When losing the control to the original subsidiary, the remaining equity shall be remeasured at its fair value on the
date of loss of control. The difference between the sum of the consideration obtained from the disposal of the
equity and the fair value of the remaining equity and the share of the original subsidiary’s net assets calculated
continuously from the date of purchase or merger according to the original shareholding ratio is included in the
current investment income when the control is lost, while offsets goodwill. Other comprehensive income related
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
to the equity investment of the original subsidiary shall be transferred to the current investment income when
losing the control.
2) Step-by-step disposal of investments in subsidiaries through multiple transactions to the loss of control, and
belonging to a "package deal"
Take each transaction as a transaction that disposes of a subsidiary and loses control for accounting treatment.
However, before the loss of control, the difference between each disposal cost and the share of the subsidiary’s net
assets corresponding to the disposal investment shall be recognized as other comprehensive income in the
consolidated financial statements, and shall be transferred to the profit and loss of current period when losing the
control.
23. Investment real estate
1. The investment real estate includes the rented land use rights, the land use rights which are held and prepared
for transfer after appreciation and the rented buildings.
2. Initial measurement of an investment real estate is based on the cost, the subsequent measurement is based on
cost model, and adopt the same method of depreciation or amortization as fixed assets and intangible assets.
24. Fixed asset
(1) Recognition
Fixed assets is defined as the tangible assets which are held for the purpose of producing goods, providing
services, lease or for operation & management, and have more than one year of service life. Fixed assets should be
recognized for qualified the followed conditions at the same time:1) It is probable that the economic benefits
associated with the assets will flow into the Company; and 2) The cost of the assets can be measured reliably.
(2)Depreciation methods
Category Method Years of depreciation Scrap value rate Yearly depreciation rate
House and buildings Straight-line depreciation 35-40 3 2.77-2.43
Machinery equipment Straight-line depreciation 12 3 8.08
Transport equipment Straight-line depreciation 7 3 13.86
Electronic equipment Straight-line depreciation 5-7 3 33.33-13.86
Office and other
Straight-line depreciation 7 3 13.86
equipment
Decoration fee for the
Straight-line depreciation 10 0 10.00
self-owned house
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(3) Recognition, measurement and depreciation of fixed assets held under finance lease
Not applicable
25. Construction in progress
1. The construction in progress is recognized when meet the follow conditions at the same time, that is the
economic benefits are likely to flow in and the cost can be measured reliably. Construction in progress shall be
measured in terms of the actual cost incurred prior to the construction of such asset to its intended serviceable
state.
2. When the construction in progress reaches the expected serviceable state, it will be transferred into fixed asses
according to the actual cost of the construction. Those who have reached the expected serviceable status but have
not yet processed the final account on completion, shall be transferred to fixed assets according to the estimated
value first. The original temporary estimated value shall be adjusted according to the actual cost after the final
accounts for the completion have been processed, but the previously accrued depreciation shall not be adjusted.
26. Borrowing expense
1. Recognition of capitalization of borrowing expenses
Borrowing expenses that attributed for purchasing or construction of assets that are complying start to be
capitalized and counted as relevant assets cost; other borrowing expenses, reckoned into current gains and losses
after expenses recognized while occurred.
2. Period of capitalization
(1) Borrowing expenses start to be capitalized when all of the following conditions are met: 1) capital expenditure
has been occurred; 2) borrowing expenses have been occurred and 3) acquisition or construction necessary for the
assets to come into an expected serviceable state has been carried out.
(2) If an asset that meets the capitalization conditions is abnormally interrupted during the acquisition or
construction or in the production process, and the interruption time exceeds 3 consecutive months, the
capitalization of borrowing costs shall be suspended; the borrowing costs incurred during the suspension shall be
recognized as current expenses until the acquisition, construction or production of assets restarts.
(3) When the purchased, constructed or produced assets that meet the capitalization conditions reach the expected
usable or saleable state, the capitalization of borrowing costs shall cease.
3. Capitalization rate and capitalization amount of borrowing costs
If special loans are borrowed for the purpose of purchasing, constructing or producing assets that meet the
capitalization conditions, the amount after subtracting the interest income obtained by depositing the unused
borrowing funds in the bank or the investment income obtained by making a temporary investment for the unused
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
borrowing funds from the interest expenses actually incurred during the period of the special loans (including the
amortization of discounts or premiums determined in accordance with the actual interest rate method) shall
determine the amount of interest that should be capitalized; if the general borrowing is occupied for the purchase,
construction or production of assets that meet the capitalization conditions, the amount of interest of general
borrowings that should be capitalized shall be calculated and determined by multiplying the weighted average
number of accumulated asset expenditures in excess of asset expenditures of special borrowings by the
capitalization rate of general borrowings.
27. Biological assets
Not applicable
28. Oil and gas assets
Not applicable
29. Right-of-use assets
Not applicable
30. Intangible assets
(1) Measurement, use of life and impairment testing
1. Intangible assets of the Company including land use rights, trademark and software, which are initially
measured at cost.
2. Intangible assets with limited service life shall be amortized systematically and reasonably within their service
life in accordance with the expected realization method of the economic benefits related to the intangible assets. If
the expected realization method can not be reliably determined, the straight-line method shall be adopted for
amortization. Specific year for amortization are as:
Item Period for amortization (Year)
Land use right 50
Trademark 10
Software 5
(2)Accounting policy of the internal R&D expenditure
Research expenditures for its internal R&D projects shall be recorded into the current gain/loss. Expenses incurred
during the development phase that satisfy the following condition at the same time are recognized as intangible
assets: 1)it is technically feasible that the intangible asset can be used or sold upon completion; 2)there is intention
to complete the intangible asset for use or sale; 3)the intangible asset can produce economic benefits, including
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
there is evidence that the products produced using the intangible asset has a market or the intangible asset itself
has a market; if the intangible asset is for internal use, there is evidence that there exists usage for the intangible
asset; 4) there is sufficient support in terms of technology, financial resources and other resources in order to
complete the development of the intangible asset, and there is capability to use or sell the intangible asset; and
5)the expenses attributable to the development phase of the intangible asset can be measured reliably.
31. Impairment of long term assets
For long-term equity investments, investment real estate measured by the cost model, fixed assets, construction in
progress, intangible assets with limited service life and other long-term assets, if there are signs of impairment on
the balance sheet date, estimate the recoverable amount. For goodwill formed by business combinations and
intangible assets with uncertain service life, regardless of whether there are signs of impairment, an impairment
test is conducted every year. Goodwill is tested for impairment in combination with its related asset groups or
combination of asset groups.
If the recoverable amount of the aforementioned long-term assets is lower than its book value, the asset
impairment provision shall be recognized according to the difference and included in the current profit and loss.
32. Long-term prepaid expenses
General expenses that the long-term prepaid expenses have been accounted for and the amortization period is
more than 1 year (excluding 1 year). Long-term prepaid expenses are accounted for according to the actual
amount, and amortized evenly in installments during the benefit period or the prescribed period. If the long-term
prepaid expense item cannot benefit the future accounting period, all the amortized value of the item that has not
been amortized shall be transferred to the current profit and loss.
33. Contractual liabilities
Not applicable
34. Staff remuneration
(1) Accounting treatment of short term remuneration
In the period of employee services, short-term benefits are actually recognized as liabilities and charged to profit
or loss or relevant assets costs.
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(2) Accounting treatment for after-service benefits
After-service benefits are divided into defined contribution plan and defined benefit plan.
(1) During the accounting period when employees provide services to the company, the amount of deposits
calculated according to the defined contribution plan is recognized as a liability and included in the current profit
and loss or the cost of related assets.
(2) The accounting treatment of defined benefit plans usually includes the following steps:
1) According to the expected cumulative welfare unit method, use unbiased and mutually consistent actuarial
assumptions to estimate relevant demographic variables and financial variables, measure the obligations arising
from the defined benefit plan, and determine the period of the relevant obligations. At the same time, the
obligations generated by the defined benefit plan are discounted to determine the present value of the defined
benefit plan obligations and current service costs;
2) If there are assets in a defined benefit plan, the deficit or surplus formed by subtracting the fair value of the
defined benefit plan’s assets from the current value of the defined benefit plan's obligations shall be recognized as
a defined benefit plan’s net liabilities or net assets. If there is a surplus in the defined benefit plan, the net assets of
the defined benefit plan shall be measured at the lower of the surplus of the defined benefit plan and the asset
ceiling;
3) At the end of the period, the employee compensation costs generated by the defined benefit plans are
recognized as three parts, i.e. service costs, net interest of the net liabilities or net assets of the defined benefit
plans, and changes in the remeasured net liabilities or net assets of the defined benefit plans, of which the service
costs and the net interest of the net liabilities or net assets of the defined benefit plans are included in the current
profits and losses or the cost of related assets, and the changes in the remeasured net liabilities or net assets of the
defined benefit plans are included in other comprehensive income and not allowed to switch back to profits or
losses in the subsequent accounting period, but the amount recognized in other comprehensive income can be
transferred within the scope of equity.
(3)Accounting treatment for dismissal benefit
For dismissal benefit provided to employee, the compensation liability resulting from dismissal benefits shall be
recognized as early as possible in the following two conditions, and shall be recorded into current gain/loss:
1)when the company can not unilaterally withdraw severance benefits due to the labor relationship termination
plan or layoff proposal; 2) when the company recognizes the costs and expenses associated with a reorganization
involving the payment of severance benefits.
(4)Accounting treatment for other long term staff benefits
If other long term benefits provided to the employees meet the conditions of defined contribution plan, accounting
treatment shall be conducted in line with relevant provisions of defined contribution plan; the accounting
treatment of other long term benefit beyond that shall be conducted in accordance with the relevant provision of
defined benefit plan, in order to simplify relevant accounting treatment, the employee compensation costs incurred
48
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
are recognized as service costs; the total net amount (includes net interest of the net liability (or net asset) of other
long term employee benefits and changes resulting from remeasuring the net liability (or net asset) of the long
term employee benefit) shall be recorded into current gain/loss or relevant assets costs.
35. Lease liability
Not applicable
36. Accrual liability
1. when the responsibility relating to contingencies such as guarantee, litigation, product warranties and loss
contract etc. are became the current responsibility undertaken by the Company, the fulfilling of such responsibility
may lead to financial benefit outflow and such responsibility can be measured reliably for its value, the
responsibility shall be recognized as an accrual liability.
2. Accrual liabilities shall conduct initial measurement by best estimation of expenditures needed by fulfillment of
current responsibilities, and on balance sheet date, review the book value of the accrual liability.
37. Share-based payment
Not applicable
38. Other financial instrument of preferred stocks and perpetual bond
Not applicable
39. Revenue
Accounting policy applicable for the revenue recognition and measurement
1. Revenue recognition principle
(1) Sale of goods
The income from the sale of goods is recognized when the following conditions are met at the same time: 1) The
main risks and rewards of the ownership of the goods are transferred to the purchaser; 2) The company no longer
retains the continued management rights normally associated with the ownership, and no longer implements
effectively control of the goods sold; 3) The amount of revenue can be reliably measured; 4) The relevant
economic benefits are likely to flow in; 5) The related costs that have occurred and will occur can be reliably
measured.
(2) Provision of labor services
The result of the provision of labor service transaction can be reliably estimated (at the same time, the amount of
income can be reliably measured, the relevant economic benefits are likely to flow in, the completion progress of
the transaction can be reliably determined, and the costs that have occurred and will occur in the transaction can
49
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
be measured reliably) on the balance sheet date, the percentage of completion method is used to confirm the
income from the provision of labor services, and the completion progress of the labor services transaction is
determined according to the proportion of the labor services provided to the total labor services to be provided. If
the result of the provision of labor service transaction cannot be reliably estimated on the balance sheet date, and
the labor costs incurred are expected to be compensated, the labor service income shall be recognized at the
amount of labor costs incurred, and the labor costs shall be carried forward at the same amount. If the labor costs
incurred are not expected to be compensated, and the labor costs incurred are included in the current profit sand
losses, and labor income shall not be recognized.
(3) Transfer of assets use rights
The income from the transfer of assets use rights is recognized when the relevant economic benefits are likely to
flow in and the amount of income can be reliably measured. Interest income is calculated and determined in
accordance with the time for others to use the Company's monetary funds and the actual interest rate; usage fee
income is calculated and determined in accordance with the charging time and method agreed in the relevant
contract or agreement.
2. Specific methods of revenue recognition
(1) Automobile sales revenue
The Company sells automobiles, and recognizes sales revenue after the automobiles are delivered to customers in
accordance with the agreement, and the payment is received or the right to receive payment is obtained.
(2) Jewellery retail and wholesale
The Company's revenue from the sale of jewellery is divided into retail revenue and wholesale revenue according
to the sales method. Retail revenue is recognized when the physical goods have been delivered to consumers and
the payment has been collected. Wholesale revenue is realized when the physical goods have been delivered to the
customer, and the customer has signed for confirmation and received the payment or obtained the proof of
claiming payment.
(3) Property rental income
The Company's property rental income is recognized as revenue on an accrual basis, and sales revenue is
recognized when the leased assets are delivered to the lessee and the rent has been collected.
40. Government subsidy
1. Government subsidies are recognized when the following conditions are met at the same time: (1) The company
can meet the conditions attached to the government subsidies; (2) The company can receive government subsidies.
If a government subsidy is a monetary asset, it shall be measured at the amount received or receivable. If a
government subsidy is a non-monetary asset, it shall be measured at its fair value; if its fair value cannot be
obtained reliably, it shall be measured at its nominal amount.
2. Judgment basis and accounting treatment methods of government subsidies related to assets
Government documents stipulate that government subsidies used for purchase, construction or other forms of
long-term assets shall be classified as asset-related government subsidies. If the government document doesn’t
50
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
stipulate, judgment shall be made on the basis of the basic conditions that must be met to obtain the subsidies,
those used for purchase, construction or other forms of long-term assets shall be regarded as government subsidies
related to assets. Government subsidies related to assets are used to offset the book value of related assets or are
recognized as deferred income. If government subsidies related to assets are recognized as deferred income, they
shall be included in profit and loss in installments within the useful life of the relevant assets in a reasonable and
systematic way. Government subsidies measured at their nominal amounts are directly included in the current
profits and losses. If the relevant asset is sold, transferred, scrapped or damaged before the end of its useful life,
the undistributed deferred income balance shall be transferred to the current profits and losses of asset disposal.
3. Judgment basis and accounting treatment methods of government subsidies related to income
Government subsidies other than government subsidies related to assets are classified as government subsidies
related to income. For government subsidies that include both asset-related parts and income-related parts, it is
difficult to distinguish between assets-related and income-related government subsidies, and they are classified as
income-related government subsidies as a whole. If government subsidies related to income are used to
compensate related costs or losses in subsequent periods, they are recognized as deferred income, and included in
the current profits and losses or offset related costs during the period when related costs or losses are recognized,
and they are directly included in the current profits and losses or offset related costs when being used to
compensate related costs or losses that have occurred.
4. Government subsidies related to the company's daily operating activities are included in other income or offset
related costs in accordance with the nature of the economic business. Government subsidies not related to the
company's daily activities are included in non-operating income and expenditure.
41. Deferred income tax assets and deferred income tax liabilities
1. According to the difference between the book value of assets and liabilities and their tax base (the tax base of
items that are not recognized as assets and liabilities can be determined in accordance with the tax law, the
difference between the tax base and its book amount), the deferred income tax assets or deferred income tax
liabilities are calculated and recognized according to the applicable tax rate during the period when the asset is
expected to be recovered or the liability is settled.
2. Recognition of deferred income tax assets is limited to the amount of taxable income that is likely to be
obtained to offset deductible temporary differences. On the balance sheet date, if there is conclusive evidence
showing that sufficient taxable income is likely to be obtained in the future to offset the deductible temporary
differences, recognize the deferred income tax assets that have not been recognized in the previous accounting
period.
3. On the balance sheet date, review the book value of deferred income tax assets. If it is likely that sufficient
taxable income cannot be obtained in the future to offset the benefits of deferred income tax assets, the book value
of the deferred income tax assets shall be written down. When it is likely to obtain sufficient taxable income, the
write-down amount shall be returned.
4. The company's current income taxes and deferred income taxes are included in the current profits and losses as
51
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
income tax expenses or income, but not including income tax arising from the following situations: (1) business
combination; (2) transactions or events directly recognized in owner's equity.
42. Leasing
(1)Accounting treatment for operating lease
As a leassee for the Company, rental expense of operating lease is included in the relevant asset costs or current
profits and losses through the straight-line method during every period. Initial direct costs shall be included in
profit or loss for the current period. Contingent rental shall be recorded in the current profits and losses in which
they actually arise.
As a lessor for the Company, rental expense of operating lease is included in current profits and losses through the
straight-line method during every period. The initial direct expenses incurred are directly recorded into current
profit/loss, except for those with a large amount to be capitalized and recorded into the profit/loss in stages.
Contingent rental shall be recorded in the current profits and losses in which they actually arise.
(2)Accounting treatment for financing lease
Not applicable
43. Other important accounting policy and estimation
Segmental (divisional) report
The Company determines operating divisions based on internal organizational structure, management
requirements and internal reporting system. Operating divisions of the Company refers to the component that
meets the following conditions at the same time:
1. this component can generate income and incur expenses in the course of daily activities;
2. the management can evaluate the operating results of this component regularly to determine resources
allocation and evaluate its performance;
3. be able to obtain relevant accounting information such as the financial status, operating results and cash flow of
the component through analysis.
44. Changes of important accounting policy and estimation
(1)Changes of important accounting policies
□Applicable √ Not applicable
(2) Changes of important accounting estimate
□Applicable √ Not applicable
52
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(3)Adjustment on the relevant items of financial statement at beginning of the year when implemented the
new revenue standards and new leasing standards since 2020
□ Applicable √ Not applicable
Whether need to adjust the balance sheet items at the beginning of the year
□Yes √No
Explain the reasons of no need to adjust the balance sheet items at the beginning of the year
On 5 July 2017, the “Notice Concerning Amendments and Issuance” (Cai Kuai [2017] No.22) (hereinafter referred to as New
Revenue Standard) was issued by Ministry of Finance, and requires the enterprises listed in China shall be implemented since 1 Jan.
2020. The Company prepare the disclosure of accounting statement in accordance with the New Revenue Standard since 1 Jan. 2020,
and there is no need to retroactively adjust the comparability number in 2019, change of the accounting policy will not affect relevant
financial indicators of the Company for 2019.
(4) Retrospective adjustment of early comparison data description when implemented the new revenue
standards and new leasing standards since 2020
□ Applicable √ Not applicable
45. Other
IV. Taxes
1. Type of tax and rate for main applicable tax
Taxes Basis Rate
VAT Selling goods or providing taxable services 13%, 11%, 9%, 5%, 6% and 3%
Price-based resource tax, 1.2 percent of the
Property tax remaining value after deducting 30% of the 1.2%
original value of the property;
Urban maintenance and construction tax Turnover tax payable 7%
Educational surtax Turnover tax payable 3%
Local education surcharge Turnover tax payable 2%
Enterprise income tax Taxable income 20%, 25%
Rate of income tax for different taxpaying body:
Taxpaying body Rate of income tax
Shenzhen Xinyongtong Motor Vehicle Testing Equipment Co.,
20%
Ltd.
Other taxpaying body than the above 25%
53
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
2. Tax preferential
According to the “Notice on Implementation of Preferential Tax-reduction & Exemption Policies for Small &
Micro Enterprises”(Cai Shui [2019] No.13) issued by SAT (State Administration of Taxation), Shenzhen
Xinyongtong Automobile Inspection Equipment Co. Ltd enjoys the preferential tax policies for small & micro
enterprises with enterprise income tax at the rate of 20%.
3. Other
V. Annotation to main items of consolidated financial statements
1. Monetary funds
In RMB
Item Ending balance Opening balance
Cash on hand 52,095.50 120,351.17
Cash in bank 333,557,214.12 428,731,254.87
Total 333,609,309.62 428,851,606.04
The total amount of money that
has restrictions on use due to mortgage, 28,671,414.00 28,183,348.23
pledge or freezing
Other explanation:
Up to 30 June 2020, the Company’s right to use of currency funds under restrictions is 28,671,414.00 yuan, which
is the supervision fund by the Company developed the land plot 03 project of the upgrading project of
Tellus-Gman Gold Jewelry Industrial Park.
2. Tradable financial assets
In RMB
Item Ending balance Opening balance
Financial assets measured by fair value and
with variation reckoned into current 115,128,569.86 60,486,575.34
gains/losses
Including:
Debt instrument investment 115,128,569.86 60,486,575.34
Including:
Total 115,128,569.86 60,486,575.34
Other explanation:
54
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
3. Derivative financial assets
Not applicable
4. Note receivable
Not applicable
5. Account receivable
(1) Category
In RMB
Ending balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book
Accrual Accrual Book value
Amount Ratio Amount value Amount Ratio Amount
ratio ratio
Account receivable
with bad debt 49,125,8 49,125,8 49,125,86 49,125,86
44.59% 100.00% 30.16% 100.00%
provision accrual on 62.29 62.29 2.29 2.29
a single basis
Including:
Account receivable
with bad debt 61,057,3 538,319. 60,519,07 113,750,7 1,137,507 112,613,22
55.41% 0.88% 69.84% 1.00%
provision accrual on 95.46 76 5.70 31.59 .32 4.27
portfolio
Including:
110,183, 49,664,1 60,519,07 162,876,5 50,263,36 112,613,22
Total 100.00% 45.07% 100.00% 30.86%
257.75 82.05 5.70 93.88 9.61 4.27
Bad debt provision accrual on single basis:
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
The accounts are more
Shenzhen Jinlu Industry than 10 years old and are
9,846,607.00 9,846,607.00 100.00%
not expected to be
and Trade Co., Ltd.
recovered
Guangdong Zhanjiang The accounts are more
Sanxing Auto Service 4,060,329.44 4,060,329.44 100.00% than 10 years old and are
not expected to be
Co., Ltd.
55
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
recovered
The accounts are more
than 10 years old and are
Wang Changlong 2,370,760.40 2,370,760.40 100.00%
not expected to be
recovered
The accounts are more
Huizhou Jiandacheng
than 10 years old and are
Daoqiao Engineering 2,021,657.70 2,021,657.70 100.00%
not expected to be
Company recovered
The accounts are more
Jiangling Automobile than 10 years old and are
1,191,059.98 1,191,059.98 100.00%
not expected to be
Factory
recovered
The accounts are more
Yangjiang Auto Trade than 10 years old and are
1,150,000.00 1,150,000.00 100.00%
not expected to be
Co., Ltd.
recovered
The accounts are more
Guangdong Materials than 10 years old and are
1,862,000.00 1,862,000.00 100.00%
not expected to be
Group Corp
recovered
The accounts are more
than 10 years old and are
Other 26,623,447.77 26,623,447.77 100.00%
not expected to be
recovered
Total 49,125,862.29 49,125,862.29 --
Bad debt provision accrual on portfolio:
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Aging portfolio 19,577,459.23 123,520.40 0.63%
Jewelry sales business portfolio 41,479,936.23 414,799.36 1.00%
Total 61,057,395.46 538,319.76
Explanation on portfolio determines:
If the provision for bad debts of account receivable is made in accordance with the general model of expected credit losses, please refer
to the disclosure of other account receivables to disclose related information about bad-debt provisions:
□ Applicable √Not applicable
By account age
In RMB
56
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Account age Ending balance
Within one year (including one year) 61,057,395.46
Over 3 years 49,125,862.29
Over 5 years 49,125,862.29
Total 110,183,257.75
(2) Bad debt provision accrual, collected or reversal in the period
Bad debt provision accrual in the period:
In RMB
Amount changed in the period
Category Opening balance Collected or Ending balance
Accrual Written-off Other
reversal
Accounts
receivable with
single item 49,125,862.29 49,125,862.29
provision for bad
debts
Accounts
receivable with
provision for bad 1,137,507.32 414,799.36 1,013,986.92 538,319.76
debts by
combination
Total 50,263,369.61 414,799.36 1,013,986.92 49,664,182.05
(3) Account receivable actually written-off in the period
Not applicable
(4) Top 5 account receivables at ending balance by arrears party
In RMB
Ending balance of accounts Proportion in total receivables at Bad debt preparation ending
Enterprise
receivable ending balance balance
Shenzhen Jinlu Industry
9,846,607.00 8.94% 9,846,607.00
and Trade Co., Ltd.
Guangdong Zhanjiang
Sanxing Auto Service Co., 4,060,329.44 3.69% 4,060,329.44
Ltd.
Shenzhen Shangjinyuan 3,246,835.81 2.95% 32,468.36
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Jewelry Industry Co., Ltd.
Tan Changyun 2,969,392.64 2.69% 29,693.93
Wang Changlong 2,370,760.40 2.15% 2,370,760.40
Total 22,493,925.29 20.42% 16,339,859.13
(5) Account receivable derecognition due to financial assets transfer
Not applicable
(6) Assets and liabilities resulted by account receivable transfer and continues involvement
Not applicable
6. Account receivable financing
In RMB
Changes of account receivable financing and change of fair value in the period
□ Applicable √Not applicable
If the impairment provision of account receivable financing is made in accordance with the general model of expected credit losses,
please refer to the disclosure of other account receivables to disclose related information about impairment provision:
□ Applicable √Not applicable
7. Accounts paid in advance
(1) By account age
In RMB
Ending balance Opening balance
Account age
Amount Ratio Amount Ratio
Within one year 17,075,615.18 99.93% 12,671,077.95 99.90%
1-2 years 632.00 0.00% 632.00 0.00%
Over 3 years 11,893.94 0.07% 11,893.94 0.09%
Total 17,088,141.12 100.00% 12,683,603.89 100.00%
(2) Top 5 account paid in advance at ending balance by prepayment object
Name Ending balance Proportion in prepayment balance at
the end of period (%)
FAW Toyota Motor Sales Co., Ltd. 8,794,912.61 51.47%
Beijing Fugong Lide Technology Development 3,114,328.95 18.23%
58
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Co., Ltd.
Toyota Motor (China) Investment Co., Ltd. 2,033,274.00 11.90%
Shenzhen Dingye Building Decoration 1,198,130.04 7.01%
Engineering Co., Ltd.
Alight Automotive Technology Co., Ltd. 702,764.09 4.11%
Total 15,843,409.69 92.72%
8. Other account receivable
In RMB
Item Ending balance Opening balance
Dividend receivable 39,647,732.42 39,647,732.42
Other account receivable 5,969,946.53 5,260,813.98
Total 45,617,678.95 44,908,546.40
(1) Interest receivable
Not applicable
(2) Dividend receivable
1) Category
In RMB
Item (or invested unit) Ending balance Opening balance
China Pudong Development Machinery
547,184.35 547,184.35
Industry Co., Ltd
Shenzhen Dongfeng Motor Co., Ltd. 39,100,548.07 39,100,548.07
Total 39,647,732.42 39,647,732.42
2) Important dividend receivable with account age over one year
Not applicable
3) Accrual of bad debt provision
□ Applicable √Not applicable
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(3) Other account receivable
1) By nature
In RMB
Nature Ending book balance Opening book balance
Deposit margin 191,787.80 35,477.21
Reserve fund 195,000.00 43,385.72
Interim payment receivable 57,937,858.58 57,536,664.77
Total 58,324,646.38 57,615,527.70
2) Accrual of bad debt provision
In RMB
Phase I Phase II Phase III
Expected credit Expected credit losses for Expected credit losses for
Bad debt provision Total
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1, 2020 2,515,818.56 49,838,895.16 52,354,713.72
Balance of Jan. 1, 2020
—— —— —— ——
in the period
Current accrual 17.90 17.90
Current switch back 31.77 31.77
Balance on Jun. 30, 2020 2,515,804.69 49,838,895.16 52,354,699.85
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
By account age
In RMB
Account age Ending balance
Within one year (including one year) 3,383,256.24
1-2 years 110,132.23
2-3 years 116,202.70
Over 3 years 54,715,055.21
3-4 years 25,191.12
4-5 years 251,466.43
Over 5 years 54,438,397.66
Total 58,324,646.38
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
3) Bad debt provision accrual, collected or reversal in the period
Bad debt provision accrual in the period:
In RMB
Amount changed in the period
Category Opening balance Collected or Ending balance
Accrual Written off Other
reversal
Provision for bad
debts by 52,354,713.72 17.90 31.77 52,354,699.85
combination
Total 52,354,713.72 17.90 31.77 52,354,699.85
4) Other account receivable actually written-off in the period
Not applicable
5) Top 5 other receivables at ending balance by arrears party
In RMB
Ratio in total ending
Ending balance of
Enterprise Nature Ending balance Account age balance of other
bad debt reserve
account receivables
Zhongqi South
China Auto Sales Intercourse funds 9,832,956.37 Over 3 years 16.86% 9,832,956.37
Company
South Industry &
TRADE Shenzhen Intercourse funds 7,359,060.75 Over 3 years 12.62% 7,359,060.75
Industrial Company
Shenzhen Zhonghao
Intercourse funds 5,000,000.00 Over 3 years 8.57% 5,000,000.00
(Group) Co., Ltd
Shenzhen Kaifeng
Special Automobile Intercourse funds 4,413,728.50 Over 3 years 7.57% 4,413,728.50
Industry Co., Ltd.
Gold Beili Electrical
Appliances Intercourse funds 2,706,983.51 Over 3 years 4.64% 2,706,983.51
Company
Total -- 29,312,729.13 -- 50.26% 29,312,729.13
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
6) Other account receivables related to government grants
Not applicable
7) Other receivable for termination of confirmation due to the transfer of financial assets
Not applicable
8) The amount of assets and liabilities that are transferred other receivable and continued to be involved
Not applicable
9. Inventories
Does the company need to comply with the disclosure requirements of the real estate industry
No
(1) Category
In RMB
Ending balance Opening balance
Provision for Provision for
inventory inventory
depreciation or depreciation or
Item
Book balance contract Book value Book balance contract Book value
performance cost performance cost
impairment impairment
provision provision
Raw materials 15,148,137.86 14,772,382.17 375,755.69 15,079,409.32 14,772,382.17 307,027.15
Inventory 28,859,715.44 14,121,481.67 14,738,233.77 35,204,057.35 14,121,481.67 21,082,575.68
Total 44,007,853.30 28,893,863.84 15,113,989.46 50,283,466.67 28,893,863.84 21,389,602.83
(2) Provision for inventory depreciation or contract performance cost impairment provision
In RMB
Current amount increased Current amount decreased
Item Opening balance Reversal or Ending balance
Accrual Other Other
write-off
Raw materials 14,772,382.17 14,772,382.17
Inventory 14,121,481.67 14,121,481.67
Total 28,893,863.84 28,893,863.84
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(3) Explanation on inventories with capitalization of borrowing costs included at ending balance
Not applicable
(4) Description of the current amortization amount of contract performance costs
Not applicable
10. Contract assets
Not applicable
11. Assets held for sale
Not applicable
12. Non-current asset due within one year
Not applicable
13. Other current assets
In RMB
Item Ending balance Opening balance
Input VAT to be deducted 2,970,702.64 3,403,969.23
Total 2,970,702.64 3,403,969.23
14. Creditors’ investment
Not applicable
15. Other creditors’ investment
Not applicable
16. Long-term account receivable
(1) Long-term account receivable
In RMB
Ending balance Opening balance
Discount rate
Item Bad debt Bad debt
Book balance Book value Book balance Book value interval
provision provision
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Related
2,179,203.68 2,179,203.68 2,179,203.68 2,179,203.68
transactions
Total 2,179,203.68 2,179,203.68 2,179,203.68 2,179,203.68 --
Impairment of bad debt provision
In RMB
Phase I Phase II Phase III
Expected credit Expected credit losses for Expected credit losses for
Bad debt provision Total
losses over next 12 the entire duration (without the entire duration (with
months credit impairment occurred) credit impairment occurred)
Balance of Jan. 1, 2020 2,179,203.68 2,179,203.68
Balance of Jan. 1, 2020
—— —— —— ——
in the period
Balance of Jun. 30, 2020 2,179,203.68 2,179,203.68
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
(2) Long-term account receivable derecognition due to financial assets transfer
Not applicable
(3) Assets and liabilities resulted by long-term account receivable transfer and continues involvement
Not applicable
17. Long-term equity investment
In RMB
Current changes (+,-)
Ending
Other Cash
Opening Investme Accrual Ending balance
The Additiona comprehe dividend
balance nt gains Other of balance of
invested l Capital nsive or profit
(book recognize equity impairme Other (book impairme
entity investmen reduction income announce
value) d under change nt value) nt
t adjustmen d to
equity provision provision
t issued
I. Joint venture
Shenzhen
Tellus
70,155,38 4,039,637 74,195,02
Gman
3.50 .29 0.79
Investme
nt Co.,
64
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Ltd
Shenzhen
Tellus
Hang 11,845,45 300,297.7 12,145,74
Investme 2.17 6 9.93
nt Co.,
Ltd.
82,000,83 4,339,935 86,340,77
Subtotal
5.67 .05 0.72
II. Associated enterprise
Shenzhen
Zung Fu
Tellus 33,313,73 4,376,011 37,689,74
Auto 2.20 .38 3.58
Service
Co., Ltd.
Shenzhen
Automobi
le
Industry 2,026,407 -345,335. 1,681,072
Import .98 82 .16
and
Export
Co., Ltd.
Shenzhen
Dongfeng 44,837,56 151,256.2 44,988,82
Motor 8.20 3 4.43
Co., Ltd.
Shenzhen
Xinyongt
ong Oil
Pump 127,836.5
Environm 9
ent
Protection
Co., Ltd.
Shenzhen
Xinyongt
ong 41,556.83
Consultan
t Co., Ltd.
65
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Shenzhen
Tellus
Automobi
le Service
Chain
Co., Ltd.
[Note 3]
Shenzhen
Xinyongt
ong Auto
Service
Co.,
Ltd.[ Not
e 3]
Shenzhen
Xinyongt
ong
Dongxiao
Auto
Service
Co.,
Ltd.[ Not
e 3]
Shenzhen
Yongtong
Xinda
Inspectio
n
Equipmen
t Co.,
Ltd.[ Not
e 3]
Hunan
Changyan
g
1,810,540
Industrial
.70
Co.,
Ltd.[ Not
e 1]
Shenzhen
Jiecheng 3,225,000
Electronic .00
Co.,
66
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Ltd.[ Not
e 1]
Shenzhen
Xiandao
New
4,751,621
Materials
.62
Co.,
Ltd.[ Not
e 1]
China
Auto
Industrial
400,000.0
Shenzhen
0
Trading
Company
[Note 1]
Shenzhen
General
Standard 500,000.0
Co., 0
Ltd.[ Not
e 1]
Shenzhen
Zhongqi
South
China 2,250,000
Auto .00
Sales
Company
[Note 1]
Shenzhen
Bailiyuan
Power
1,320,000
Supply
.00
Co.,
Ltd.[ Not
e 1]
Shenzhen
Yimin
200,001.1
Auto
0
Trading
Company
67
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
[Note 1]
Shenzhen
Torch
Spark
17,849.20
Plug
Industry
Company
Shenzhen
Hanligao
Technolo
gy 1,956,000
Ceramics .00
Co.,
Ltd.[ Not
e 2]
Shenzhen
South
Auto
6,700,000
Maintena
.00
nce
Center[N
ote 2]
80,177,70 4,181,931 84,359,64 23,300,40
Subtotal
8.38 .79 0.17 6.04
162,178,5 8,521,866 170,700,4 23,300,40
Total
44.05 .84 10.89 6.04
Other explanation:
[Note 1]: These companies have revoked their industrial and commercial registrations, and the company has made
full provision for impairment of such long-term equity investments.
[Note 2]: The operating period of Shenzhen Hanligao Technology Ceramics Co., Ltd was from September 21,
1993 to September 21, 1998, and the operation period of Shenzhen South Auto Maintenance Center was from July
12, 1994 to July 11, 2002, these companies have ceased operations for many years and their business registrations
have been revoked because they did not participate in the annual industrial and commercial inspection. The
Company has been unable to exercise effective control over these companies, and these companies are not
included in the consolidation scope of the Company's consolidated financial statements, the Company's
investment in these companies book value is zero.
[Note 3]: Book balance of these long-term equity investment is adjusted for profit and loss in accordance with the
equity method, the book balance is 0 yuan.
68
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
18. Other equity instrument investment
In RMB
Item Ending balance Opening balance
China Pudong Development Machinery
10,176,617.20 10,176,617.20
Industry Co., Ltd
Total 10,176,617.20 10,176,617.20
19. Other non-current financial assets
Not applicable
20. Investment real estate
(1) Measured at cost
√ Applicable □Not applicable
In RMB
Item House and building Land use right Construction in progress Total
I. Original book value
1.Opening balance 614,240,458.56 49,079,520.00 663,319,978.56
2.Current amount
increased
(1) Outsourcing
(2) Inventory\fixed
assets\construction in
process transfer-in
(3) Increased by
combination
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 614,240,458.56 49,079,520.00 663,319,978.56
II. Accumulated
depreciation and
accumulated
69
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
amortization
1.Opening balance 107,605,031.33 1,115,443.68 108,720,475.01
2.Current amount
8,543,675.81 557,518.39 9,101,194.20
increased
(1) Accrual or
8,543,675.81 557,518.39 9,101,194.20
amortization
3.Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance 116,148,707.14 1,672,962.07 117,821,669.21
III. Impairment provision
1.Opening balance
2.Current amount
increased
(1) Accrual
3. Current amount
decreased
(1) Disposal
(2) Other transfer-out
4.Ending balance
IV. Book value
1.Ending book value 498,091,751.42 47,406,557.93 545,498,309.35
2. Opening book value 506,635,427.23 47,964,076.32 554,599,503.55
(2) Measure at fair value
□ Applicable √Not applicable
(3) Investment real estate without property certificate completed
In RMB
Item Book value Reasons
70
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Shuibei Jewelry Building Phase I (Houses Uncompleted settlement, failure to handle
417,743,515.67
and Buildings)
the ownership certificate
Failure to handle the ownership
12 buildings in Sungang 16,267.01
certificate for historical reasons
Failure to handle the ownership
12 building shops in Sungang 50,731.71
certificate for historical reasons
Total 417,810,514.39
21. Fixed assets
In RMB
Item Ending balance Opening balance
Fixed assets 104,203,903.95 107,119,796.59
Total 104,203,903.95 107,119,796.59
(1) Fixed assets
In RMB
Office and Self-owned
House and Machinery Transport Electronic
Item other house Total
buildings equipment equipment equipment
equipment decoration fee
I. Original
book value:
1.Opening
266,262,162.27 11,370,001.49 5,187,935.34 9,732,341.99 3,030,248.40 2,697,711.99 298,280,401.48
balance
2.Current
amount 115,167.00 219,281.00 301,125.77 848,167.16 1,483,740.93
increased
(1)
115,167.00 219,281.00 301,125.77 848,167.16 1,483,740.93
Purchase
(2)
Construction in
progress
transfer-in
(3)
Increased by
combination
71
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
3.Current
amount 246,687.67 52,940.15 299,627.82
decreased
(1)
Disposal or 246,687.67 52,940.15 299,627.82
scrap
4.Ending
266,262,162.27 11,238,480.82 5,407,216.34 9,980,527.61 3,878,415.56 2,697,711.99 299,464,514.59
balance
II.
Accumulated
depreciation
1.Opening
164,059,471.10 8,364,746.10 3,201,785.74 6,873,351.21 1,999,468.42 2,416,329.26 186,915,151.83
balance
2.Current
amount 3,554,259.68 179,885.22 207,648.08 301,413.58 126,255.78 4,369,462.34
increased
(1)
3,554,259.68 179,885.22 207,648.08 301,413.58 126,255.78 4,369,462.34
Accrual
3.Current
amount 222,018.92 47,437.67 269,456.59
decreased
(1)
Disposal or 222,018.92 47,437.67 269,456.59
scrap
4.Ending
167,613,730.78 8,322,612.40 3,409,433.82 7,127,327.12 2,125,724.20 2,416,329.26 191,015,157.58
balance
III. Impairment
provision
1.Opening
3,555,385.70 319,675.11 6,165.00 17,984.71 64,859.81 281,382.73 4,245,453.06
balance
2.Current
amount
increased
(1)
Accrual
72
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
3.Current
amount
decreased
(1)
Disposal or
scrap
4.Ending
3,555,385.70 319,675.11 6,165.00 17,984.71 64,859.81 281,382.73 4,245,453.06
balance
IV. Book value
1.Ending
95,093,045.79 2,596,193.31 1,991,617.52 2,835,215.78 1,687,831.55 104,203,903.95
book value
2. Opening
98,647,305.47 2,685,580.28 1,979,984.60 2,841,006.07 965,920.17 107,119,796.59
book value
(2) Temporarily idle fixed assets
Not applicable
(3) Fixed assets by financing leased
Not applicable
(4) Fixed assets leased out by operation
Not applicable
(5) Fix assets without property certification held
In RMB
Reasons for without the property
Item Book value
certification
Failure to handle the ownership certificate
32,456,952.25
Yongtong Building for historical reasons
Failure to handle the ownership certificate
Automotive building 16,023,300.79
for historical reasons
Tellus Building underground parking Parking lot is un-able to carried out the
9,248,131.94
certificate
Failure to handle the ownership certificate
4,760,273.67
Nuclear Office build for historical reasons
73
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Failure to handle the ownership certificate
1#,2# and 3-5/F 3# plant of Taoyuan Road 3,650,542.96
for historical reasons
Tellus Building transformation layer 1,594,452.32 Un-able to carried out the certificate
Failure to handle the ownership certificate
16# Taohua Garden 1,435,947.00
for historical reasons
Failure to handle the ownership certificate
934,803.54
Shuibei Zhongtian comprehensive building for historical reasons
First floor of Bao’an commercial-residence Failure to handle the ownership certificate
919,474.29
for historical reasons
build
Failure to handle the ownership certificate
Warehouse 861,346.33
for historical reasons
Failure to handle the ownership certificate
Trade department warehouse 74,798.77
for historical reasons
Failure to handle the ownership certificate
Songquan Apartment (mixed) 11,203.94
for historical reasons
Failure to handle the ownership certificate
5,902.41
Hostel of Renmin North Road for historical reasons
Subtotal 71,977,130.21
Other explanation
(6) Fixed assets disposal
Not applicable
22. Construction in progress
In RMB
Item Ending balance Opening balance
Construction in progress 74,408,194.38 47,654,393.55
Total 74,408,194.38 47,654,393.55
(1) Construction in progress
In RMB
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Tellus Shuibei
50,643,962.68 50,643,962.68 35,321,704.26 35,321,704.26
Jewelry Building
74
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Phase II
421 Factory
Reconstruction 18,249,388.95 18,249,388.95 8,593,316.07 8,593,316.07
and Upgrade Item
Phase I and Phase
II Underground
4,679,302.48 4,679,302.48 3,710,247.00 3,710,247.00
Connection
Project
Treasure Item 835,540.27 835,540.27 29,126.22 29,126.22
Total 74,408,194.38 74,408,194.38 47,654,393.55 47,654,393.55
(2) Changes of major construction in progress
In RMB
Includin
Proporti g:
Accumul
Other on of amount Interest
Current Transfer- ated
Item Opening decrease Ending project of capitaliz
Budget amount in fixed Progress capitaliz
Name balance d in the balance investme capitaliz ation rate
increased assets ation of
Period nt in ation of in Period
interest
budget interest
in Period
Tellus
Shuibei
35,321,7 15,322,2 50,643,9
Jewelry 9.83% 9.83% Other
04.26 58.42 62.68
Building
Phase II
421
Factory
Reconstr
8,593,31 9,656,07 18,249,3
uction 61.01% 61.01% Other
6.07 2.88 88.95
and
Upgrade
Item
Phase I
and
Phase II
Undergr 3,710,24 969,055. 4,679,30
94.34% 94.34% Other
ound 7.00 48 2.48
Connecti
on
Project
75
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Treasure 29,126.2 806,414. 835,540.
1.67% 1.67% Other
Item 2 05 27
47,654,3 26,753,8 74,408,1
Total -- -- --
93.55 00.83 94.38
(3) The provision for impairment of construction in progress
Not applicable
(4) Engineering material
Not applicable
23. Productive biological asset
(1) Measured by cost
□ Applicable √Not applicable
(2) Measured by fair value
□ Applicable √Not applicable
24. Oil and gas asset
□ Applicable √Not applicable
25. Right-of-use asset
Not applicable
26. Intangible assets
(1) Intangible assets
In RMB
Non-patent
Item Land use right Patent Total
technology
I. Original book
value
1.Opening
50,661,450.00 128,500.00 1,582,145.00 52,372,095.00
balance
2.Current 46,017.70 46,017.70
76
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
amount increased
(1) Purchase 46,017.70 46,017.70
(2) internal
R&D
(3)
Increased by
combination
3.Current amount
decreased
(1) Disposal
4.Ending
50,661,450.00 128,500.00 1,628,162.70 52,418,112.70
balance
II. Accumulated
depreciation
1.Opening
713,015.84 89,622.68 1,008,230.81 1,810,869.33
balance
2.Current
538,721.58 2,674.98 97,335.90 638,732.46
amount increased
(1) Accrual 538,721.58 2,674.98 97,335.90 638,732.46
3.Current
amount decreased
(1) Disposal
4.Ending
1,251,737.42 92,297.66 1,105,566.71 2,449,601.79
balance
III. Impairment
provision
1.Opening
balance
2.Current
amount increased
(1) Accrual
3.Current
77
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
amount decreased
(1) Disposal
4.Ending
balance
IV. Book value
1.Ending book
49,409,712.58 36,202.34 522,595.99 49,968,510.91
value
2. Opening
49,948,434.16 38,877.32 573,914.19 50,561,225.67
book value
(2) Land use rights without certificate of ownership
Not applicable
27. Expense on Research and Development
Not applicable
28. Goodwill
Not applicable
29. Long-term expenses to be apportioned
In RMB
Current amount
Item Opening balance Current amortization Other decreased Ending balance
increased
Renovation costs 13,606,805.49 337,672.41 1,049,167.62 12,895,310.28
Total 13,606,805.49 337,672.41 1,049,167.62 12,895,310.28
30. Deferred income tax asset /Deferred income tax liabilities
(1) Deferred income tax assets without offset
In RMB
Ending balance Opening balance
Item Deductible temporary Deferred income tax Deductible temporary Deferred income tax
differences asset differences asset
Asset impairment
34,557,965.16 8,639,491.29 34,635,849.55 8,658,962.39
provision
78
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Total 34,557,965.16 8,639,491.29 34,635,849.55 8,658,962.39
(2) Deferred income tax liability without offset
Not applicable
(3) Deferred income tax assets and deferred income tax liabilities listed after off-set
In RMB
Ending balance of Trade-off between the Opening balance of
Trade-off between the
deferred income tax deferred income tax deferred income tax
Item deferred income tax
assets or liabilities after assets and liabilities at assets or liabilities after
assets and liabilities
off-set period-begin off-set
Deferred income tax
8,639,491.29 8,658,962.39
asset
(4) Details of uncertain deferred income tax assets
In RMB
Item Ending balance Opening balance
Deductible temporary differences 126,645,220.59 127,244,422.02
Deductible loss 19,619,056.75 19,619,056.75
Total 146,264,277.34 146,863,478.77
(5) Deductible losses of un-recognized deferred income tax assets expired on the followed year
In RMB
Year Ending amount Opening amount Note
2020 505,851.30 505,851.30
2021 1,484,364.61 1,484,364.61
2022 4,702,701.91 4,702,701.91
2023 5,499,309.62 5,499,309.62
2024 7,426,829.31 7,426,829.31
Total 19,619,056.75 19,619,056.75 --
31. Other non-current asset
In RMB
Ending balance Opening balance
Item
Book balance Provision for Book value Book balance Provision for Book value
79
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
impairment impairment
Advance payment for engineering
8,483,308.88 8,483,308.88 6,789,167.54 6,789,167.54
equipment
Information construction fund 933,740.18 933,740.18
Other 100,000.00 100,000.00 100,000.00 100,000.00
Total 9,517,049.06 9,517,049.06 6,889,167.54 6,889,167.54
Other explanation:
32. Short-term loans
(1) Category
Not applicable
33. Tradable financial liability
Not applicable
34. Derivative financial liability
Not applicable
35. Note payable
Not applicable
36. Account payable
(1) Account payable
In RMB
Item Ending balance Opening balance
Purchase of goods and services 8,863,245.61 5,671,144.03
Engineering equipment 58,728,301.55 63,416,286.39
Total 67,591,547.16 69,087,430.42
(2) Major accounts payable with age over one year
In RMB
Item Ending balance Reasons of outstanding or carry-over
Shenzhen Yinglong Jian’an (Group) Co., 28,503,133.19 Project unsettled
80
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Ltd.
Shenzhen SDG Real Estate Co., Ltd 6,054,855.46 Unrepayment from related enterprise
Shenzhen Yinuo Construction Engineering
4,274,022.22 Project unsettled
Co., Ltd.
Total 38,832,010.87 --
37. Accounts received in advance
(1) Accounts received in advance
In RMB
Item Ending balance Opening balance
Rent 158,872.79 491,560.38
Payment 14,257,422.49 26,808,262.33
Total 14,416,295.28 27,299,822.71
38. Contractual liabilities
Not applicable
39. Wage payable
(1) Wage payable
In RMB
Item Opening balance Current increased Current decreased Ending balance
I. Short-term
30,503,178.16 36,875,035.83 36,555,731.04 30,822,482.95
compensation
II. After-service
welfare-defined 701,616.73 384,408.27 916,481.15 169,543.85
contribution plans
III. Dismissed welfare 360,836.00 360,836.00
Total 31,204,794.89 37,620,280.10 37,833,048.19 30,992,026.80
(2) Short-term compensation
In RMB
Item Opening balance Current increased Current decreased Ending balance
1. Wage, bonus,
28,178,495.98 33,551,443.96 32,787,768.34 28,942,171.60
allowance and subsidy
81
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
2. Employees’ welfare 469,358.91 469,358.91
3. Social insurance
8,358.59 622,767.82 631,126.41
charges
Including: medical
7,172.62 543,280.30 550,452.92
insurance premium
Industrial injury
insurance premiums 513.72 2,473.22 2,986.94
Maternity insurance
672.25 77,014.30 77,686.55
premiums
4. Housing public reserve 2,041,648.34 1,755,734.00 2,173,133.46 1,624,248.88
5. Trade union fee and
education fee 274,675.25 475,731.14 494,343.92 256,062.47
Total 30,503,178.16 36,875,035.83 36,555,731.04 30,822,482.95
(3) Defined contribution plans
In RMB
Item Opening balance Current increased Current decreased Ending balance
1. Basic endowment
142,418.85 381,168.57 523,587.42
insurance premiums
2. Unemployment
1,352.03 3,239.70 4,591.73
insurance premiums
3. Enterprise annuity 557,845.85 388,302.00 169,543.85
Total 701,616.73 384,408.27 916,481.15 169,543.85
40. Taxes payable
In RMB
Item Ending balance Opening balance
VAT -358,235.15 551,626.76
Enterprise income tax 6,435,910.05 64,461,051.35
Personal income tax 339,337.61 342,986.08
Urban maintenance and construction tax 137,895.89 134,816.64
Land VAT 5,362,682.64 5,362,682.64
House property tax 811,135.85 266.04
Use tax of land 135,831.92 26,459.98
Educational surtax 83,895.38 82,529.27
Local education surcharges 55,930.25 55,019.51
Stamp tax 143,335.03 407,829.34
82
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Other 11,811.88
Total 13,159,531.35 71,425,267.61
Other explanation:
41. Other account payable
In RMB
Item Ending balance Opening balance
Other account payable 99,453,009.14 101,266,802.49
Total 99,453,009.14 101,266,802.49
(1) Interest payable
Not applicable
(2) Dividend payable
Not applicable
(3) Other account payable
1) By nature
In RMB
Item Ending balance Opening balance
Deposit margin 34,097,428.62 29,630,854.41
Related transactions 28,310,337.10
Withholding payments 30,877,029.60 14,218,478.78
Payable interim payment 34,478,550.92 29,107,132.20
Total 99,453,009.14 101,266,802.49
2) Significant other account payable with over one year age
Not applicable
42. Liability held for sale
Not applicable
83
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
43. Non-current liabilities due within one year
Not applicable
44. Other current liabilities
Not applicable
45. Long-term loans
Not applicable
46. Bonds payable
Not applicable
47. Lease liability
Not applicable
48. Long-term account payable
In RMB
Item Ending balance Opening balance
Long-term account payable 3,920,160.36 3,920,160.36
Total 3,920,160.36 3,920,160.36
(1) By nature
In RMB
Item Ending balance Opening balance
Deposit of staff residence 3,908,848.40 3,908,848.40
Allocation for technology innovation
11,311.96 11,311.96
projects
Total 3,920,160.36 3,920,160.36
(2) Special account payable
Not applicable
84
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
49. Long-term wage payable
Not applicable
50. Accrual liabilities
In RMB
Item Ending balance Opening balance Causes
For details, please refer to note
Pending litigation 2,225,468.76 2,225,468.76 XIV 2 (2) of this financial
statement
Total 2,225,468.76 2,225,468.76 --
51. Deferred income
In RMB
Item Opening balance Current increased Current decreased Ending balance Causes
Government Receive government
139,400.00 139,400.00
subsidies subsidies
Total 139,400.00 139,400.00 --
Item with government grants involved:
In RMB
Amount
Amount Cost Assets-relate
Opening New grants reckoned in Other Ending
Liability reckoned in reduction in d/income
balance in the Period non-operatio changes balance
other income the period related
n revenue
Elevator
Renewal
Subsidy Fund
for Futian
Assets-relate
District Old 139,400.00 139,400.00
d
Elevator
Renovation
Working
Group
52. Other non-current liabilities
Not applicable
85
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
53. Share capital
In RMB
Increased (decreased) in this period+,-
Opening Shares
New shares Ending balance
balance Bonus shares converted from Other Subtotal
issued
public reserve
Total shares 431,058,320.00 431,058,320.00
54. Other equity instrument
Not applicable
55. Capital public reserve
In RMB
Item Opening balance Current increased Current decreased Ending balance
Capital premium (Share
425,768,053.35 425,768,053.35
capital premium)
Other capital reserve 5,681,501.16 5,681,501.16
Total 431,449,554.51 431,449,554.51
56. Treasury stock
Not applicable
57. Other comprehensive income
In RMB
Current Period
Less: written Less:
in other written in
comprehensi other
ve income in comprehe
Account
previous nsive Belong to Belong to
Opening before Ending
Item period and income in Less : income parent minority
balance income tax balance
carried previous tax expense company shareholders
in the
forward to period and after tax after tax
period
gains and carried
losses in forward to
current retained
period earnings in
86
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
current
period
II. Other comprehensive income
26,422.0
items which will be reclassified 26,422.00
0
subsequently to profit or loss
Including: Other comprehensive
26,422.0
income under equity method that 26,422.00
0
can transfer to gain/loss
26,422.0
Total other comprehensive income 26,422.00
0
58. Reasonable reserve
Not applicable
59. Surplus public reserve
In RMB
Item Opening balance Current increased Current decreased Ending balance
Statutory surplus
21,007,488.73 21,007,488.73
reserves
Total 21,007,488.73 21,007,488.73
60. Retained profit
In RMB
Item Current period Last period
Retained profit at the end of the previous period
387,423,510.78 184,535,322.70
before adjustment
Adjust the total Retained profits at the beginning
1,079,805.36
of the period (Increase +, Decrease -)
Total retained profit at the beginning of the
previous period before adjustment 387,423,510.78 185,615,128.06
Add: net profit attributable to shareholder of
25,594,985.78 219,669,708.47
parent company
Less: withdrawal of legal surplus reserve 17,861,325.75
Common stock dividends payable 18,104,449.44
Retained profit at period-end 394,914,047.12 387,423,510.78
87
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
61. Operating income and operating cost
In RMB
Current period Last period
Item
Income Cost Income Cost
Main business 193,056,348.40 153,545,320.45 274,182,882.36 209,294,422.75
Other business 3,995,441.89 1,229,267.07 4,085,856.97 1,199,589.67
Total 197,051,790.29 154,774,587.52 278,268,739.33 210,494,012.42
Income related information
In RMB
Contract classification Division 1 Division 2 Total
Including:
Auto sales 98,797,491.83
Automobile inspection
and maintenance and 19,138,132.58
parts sales
Property leasing and
62,152,861.68
services
Jewelry wholesale and
16,963,304.20
retail
Including:
Shenzhen 180,088,486.09
Sichuan 16,963,304.20
62. Tax and surcharges
In RMB
Item Current period Last period
Consumption tax 228,067.46
Urban maintenance and construction tax 273,827.41 395,934.29
Education surcharge 195,109.16 282,810.15
House property tax 554,437.90 1,686,527.43
Use tax of land 365,803.85 218,743.88
Stamp duty 82,782.69 152,809.21
Other taxes -95,233.44 3,272.64
Total 1,376,727.57 2,968,165.06
88
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
63. Sales expenses
In RMB
Item Current period Last period
Staff remuneration 4,368,623.68 6,075,124.02
Advertising and exhibition expenses 190,434.21 238,736.65
Depreciation and amortization 762,935.85 710,671.25
Office expenses 266,706.77 283,392.38
Property and utilities 371,102.25 141,178.84
Transportation and business trip cost 6,650.61 147,134.39
Other 809,691.17 1,762,276.76
Total 6,776,144.54 9,358,514.29
64. Administration expenses
In RMB
Item Current period Last period
Staff remuneration 13,255,712.63 13,660,961.91
Office expenses 522,602.46 631,367.84
Transportation and business trip cost 105,949.65 159,511.67
Business entertainment expenses 103,117.88 257,293.90
Depreciation and amortization 989,192.76 1,027,310.00
Consulting and service expenses 1,270,520.91 528,616.99
Other 954,904.32 613,566.95
Total 17,202,000.61 16,878,629.26
65. R&D expenses
Not applicable
66. Financial expenses
In RMB
Item Current period Last period
Interest expenses 46,986.20 4,765,937.06
89
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Less: Interest income 2,453,494.99 1,152,054.69
Less: interest capitalized amount
Exchange loss 66,918.38 10,717.33
Other 137,439.86 133,176.06
Total -2,202,150.55 3,757,775.76
67. Other income
In RMB
Sources Current period Last period
VAT input tax deduction 6,611.29
Handling fee refund for withholding
36,471.10
personal income tax
Other 16,375.60
Total 52,846.70 6,611.29
68. Investment income
In RMB
Item Current period Last period
Long-term equity investment income
8,521,866.84 10,775,524.54
measured by equity
Investment income of trading financial assets
4,359,623.66 5,935,926.39
during the holding period
Total 12,881,490.50 16,711,450.93
69. Net exposure hedge gains
Not applicable
70. Income of fair value changes
In RMB
Sources Current period Last period
Tradable financial assets -356,102.35
Total -356,102.35
90
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
71. Credit impairment loss
In RMB
Item Current period Last period
Loss of bad debt of other account
599,187.56 -184,419.32
receivable
Loss of bad debt of other account
13.87 286,085.46
receivable
Total 599,201.43 101,666.14
72. Assets impairment loss
Not applicable
73. Income from assets disposal
In RMB
Sources Current period Last period
Income from disposal of non-current assets 103,159.68
Total 103,159.68
74. Non-operating income
In RMB
Amount included in the current
Item Current period Last period
non-recurring profit and loss
Government grants 230,000.00 230,000.00
Gains from non-current assets
52,583.13
damaged/scrap
Including: Fixed assets 52,583.13
Other 716,106.92 67,042.31 716,106.92
Total 946,106.92 119,625.44
Government grants reckoned into current gains/losses:
In RMB
Whether the
impact of Whether Assets
Issuing Amount of Amount of
Grants Issuing cause Property type subsidies on special related/Incom
subject this period last period
the current subsidies e related
profit and
91
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
loss
Luohu
District
Government Industry and Income
230,000.00
grants Information related
Technology
Bureau
Other explanation:
Epidemic subsidy
75. Non-operating expenditure
In RMB
Amount included in the current
Item Current period Last period
non-recurring profit and loss
Other 29,059.48 833,400.00 29,059.48
Total 29,059.48 833,400.00 29,059.48
76. Income tax expense
(1) Income tax expense
In RMB
Item Current period Last period
Current income tax expenses 6,407,943.06 5,997,893.76
Deferred income tax expenses 19,471.10 19,471.10
Adjustment for precious period 20,891.90 20,891.90
Total 6,448,306.06 6,038,256.76
(2) Adjustment process of accounting profit and income tax expenses
In RMB
Item Current period
Total profit 33,218,964.32
Income tax expenses calculated by statutory tax rate 8,304,741.08
Effect of adjusting income tax in the previous period 20,891.90
Impact of non taxable income -2,130,466.71
Unrecognized impacts of deductible temporary differences or
253,139.79
deductible losses on deferred income tax assets in the period
92
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Income tax expenses 6,448,306.06
77. Other comprehensive income
Found more in annotations
78. Annotation of cash flow statement
(1) Cash received with other operating activities concerned
In RMB
Item Current period Last period
Deposit margin 3,272,399.10 23,334,956.48
Interest income 1,643,158.09 565,912.47
Intercourse funds and other 33,302,872.31 6,387,138.07
Total 38,218,429.50 30,288,007.02
Note of cash paid with other operating activities concerned:
(2) Cash paid with other operating activities concerned
In RMB
Item Current period Last period
Cash paid 18,510,703.27 13,629,937.63
Deposit margin 734,563.26 15,893,485.00
Intercourse funds and other 29,438,222.21 639,082.23
Total 48,683,488.74 30,162,504.86
(3) Cash received with other investment activities concerned
In RMB
Item Current period Last period
Received equity transfer payment 20,870,000.00
Total 20,870,000.00
(4) Cash paid related with investment activities
Not applicable
93
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(5) Cash received with other financing activities concerned
Not applicable
(6) Other cash paid related with financing activities
Not applicable
79. Supplementary information to statement of cash flow
(1) Supplementary information to statement of cash flow
In RMB
Supplementary information Current period Last period
1. Net profit adjusted to cash flow of
-- --
operation activities:
Net profit 26,770,658.26 44,982,499.26
Add: Impairment provision for assets -599,201.43 -101,666.14
Depreciation of fixed assets, consumption of
oil assets and depreciation of productive 11,167,637.52 11,806,505.67
biology assets
Amortization of intangible assets 638,732.46 670,462.14
Amortization of long-term pending expenses 764,042.88 527,299.42
Loss from disposal of fixed assets, intangible
assets and other long-term assets (income is -101,666.14
listed with “-”)
Losses on scrapping of fixed assets (income
23,933.75 -52,583.13
is listed with “-“)
Loss from change of fair value (income is
356,102.35
listed with “-“)
Financial expenses (income is listed with
46,986.20 4,765,937.06
“-”)
Investment loss (income is listed with “-”) -12,881,490.50 -16,711,450.93
Decrease of deferred income tax assets
19,471.10 19,471.10
(increase is listed with “-”)
Decrease of inventory (increase is listed with
6,275,613.37 -4,455,508.57
“-”)
Decrease of operating receivable accounts
48,012,932.94 -29,044,227.74
(increase is listed with “-”)
Increase of operating payable accounts -63,289,096.70 15,128,987.30
94
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(decrease is listed with “-”)
Net cash flow arising from operating
17,306,322.20 27,434,059.30
activities
2. Material investment and financing not
-- --
involved in cash flow
3. Net change of cash and cash equivalents: -- --
Balance of cash at period end 304,937,895.62 199,241,051.16
Less: Balance of cash at year-begin 400,668,257.81 142,848,120.69
Net increasing of cash and cash equivalents -95,730,362.19 56,392,930.47
(2) Net cash paid for obtaining subsidiary in the Period
Not applicable
(3) Net cash received by disposing subsidiary in the Period
Not applicable
(4) Constitution of cash and cash equivalent
In RMB
Item Ending balance Opening balance
I. Cash 304,937,895.62 400,668,257.81
Including: Cash on hand 52,095.50 120,351.17
Bank deposit available for payment
304,885,800.12 400,547,906.64
at any time
III. Balance of cash and cash equivalent at
304,937,895.62 400,668,257.81
period-end
Including: Cash and cash equivalent with
restriction used by parent company or 28,671,414.00 28,183,348.23
subsidiary in the Group
80. Notes of changes of owners’ equity
Explain the name and adjusted amount in “Other” at end of last period:
Nil
81. Assets with ownership or use right restricted
In RMB
95
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Item Ending book value Reasons for restriction
Upgrading project of the Tellus-Gman
Monetary fund 28,671,414.00 Gold & Jewelry Industrial Park -
supervision funds for the 03# land
Total 28,671,414.00 --
82. Foreign currency monetary
(1) Foreign currency monetary
In RMB
Ending foreign currency
Item Convert rate Ending RMB balance converted
balance
Monetary funds -- --
Including: USD 856.00 7.0795 6,060.05
EURO
HKD
Account receivable -- --
Including: USD
EURO
HKD
Long-term loans -- --
Including: USD
EURO
HKD
Other explanation:
(2) Explanation on foreign operational entity, including as for the major foreign operational entity,
disclosed main operation place, book-keeping currency and basis for selection; if the book-keeping
currency changed, explain reasons
□ Applicable √Not applicable
83. Hedging
Disclosed hedging items and relevant hedging instrument based on hedging’s category, disclosed qualitative and quantitative
96
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
information for the arbitrage risks:
Not applicable
84. Government grants
(1) Government grants
In RMB
Amount reckoned into current
Category Amount Item
gains/losses
Elevator Renewal Subsidy Fund
for Futian District Old Elevator 139,400.00 Deferred income
Renovation Working Group
Epidemic subsidy 230,000.00 Non operating income 230,000.00
(2) Government grants rebate
□ Applicable √Not applicable
85. Other
VI. Changes of consolidation range
Not applicable
VII. Equity in other entity
1. Equity in subsidiary
(1) Constitute of enterprise group
Main operation Share-holding ratio
Subsidiary Registered place Business nature Acquired way
place Directly Indirectly
Shenzhen Tellus
Xinyongtong
Automobile Shenzhen Shenzhen Commerce 100.00% Establishment
Development Co.
Ltd.
Shenzhen
Dongchang
Shenzhen Shenzhen Commerce 95.00% Establishment
Yongtong
Automobile
97
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Inspection Co.,
Ltd.
Shenzhen Bao’an
Shiquan
Shenzhen Shenzhen Commerce 100.00% Establishment
Industrial Co.,
Ltd.
Shenzhen SDG
Tellus Real Estate Shenzhen Shenzhen Manufacture 100.00% Establishment
Co., Ltd.
Shenzhen Tellus
Chuangying
Shenzhen Shenzhen Commerce 100.00% Establishment
Technology Co.,
Ltd.
Shenzhen
Xinyongtong
Automobile
Shenzhen Shenzhen Commerce 51.00% Establishment
Inspection
Equipment Co.
Ltd.
Shenzhen Auto
Industry and
Shenzhen Shenzhen Commerce 100.00% Establishment
Trade
Corporation
Shenzhen
Automotive
Shenzhen Shenzhen Commerce 100.00% Establishment
Industry Supply
Corporation
Shenzhen SDG
Huari Auto
Shenzhen Shenzhen Commerce 60.00% Establishment
Enterprise Co.,
Ltd.
Shenzhen Huari
Anxin
Shenzhen Shenzhen Commerce 100.00% Establishment
Automobile
Inspection Ltd.
Shenzhen
Zhongtian
Shenzhen Shenzhen Commerce 100.00% Establishment
Industrial Co,.
Ltd.
Shenzhen Huari
Shenzhen Shenzhen Commerce 60.00% Establishment
TOYOTA
98
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Automobile Sales
Service Co., Ltd.
Anhui Tellus
Starlight Jewelry
Hefei Hefei Commerce 51.00% Establishment
Investment Co.,
Ltd.
Anhui Tellus
Starlight Jewelry
Hefei Hefei Commerce 60.00% Establishment
Investment Co.,
Ltd.
Sichuan Tellus
Jewelry Tech. Chengdu Chengdu Commerce 66.67% Establishment
Co., Ltd.
Shenzhen Tellus
Baoku Supply
Chain Shenzhen Shenzhen Commerce 100.00% Establishment
Technology Co.,
Ltd.
(2) Important non-wholly-owned subsidiary
In RMB
Dividend announced to
Share-holding ratio of Gains/losses attributable Ending equity of
Subsidiary distribute for minority in
minority to minority in the Period minority
the Period
Shenzhen Huari Toyota
40.00% -1,572.01 1,676,814.56
Auto Sales Co., Ltd
Shenzhen SDG Huari
40.00% 219,946.78 9,921,880.04
Auto Enterprise Co., Ltd.
Sichuan Tellus Jewelry
33.33% 672,524.17 3,721,379.80 51,457,806.19
Tech. Co., Ltd.
(3) Main finance of the important non-wholly-owned subsidiary
In RMB
Ending balance Opening balance
Subsidia Non-curr Non-curr Non-curr Non-curr
Current Total Current Total Current Total Current Total
ry ent ent ent ent
assets assets liabilities liabilities assets assets liabilities liabilities
assets liabilities assets liabilities
Shenzhe 62,803,8 4,564,67 67,368,5 63,176,5 63,176,5 66,208,2 4,780,91 70,989,1 66,793,2 66,793,2
n Huari 94.10 5.29 69.39 32.99 32.99 79.12 2.24 91.36 24.94 24.94
99
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Toyota
Auto
Sales
Co., Ltd
Shenzhe
n SDG
Huari
50,621,5 23,096,2 73,717,8 48,763,1 48,763,1 48,495,2 24,078,7 72,573,9 48,169,1 48,169,1
Auto
53.07 68.59 21.66 21.55 21.55 44.11 18.09 62.20 29.04 29.04
Enterpris
e Co.,
Ltd.
Sichuan
Tellus
153,866, 231,131. 154,097, 681,426. 681,426. 164,965, 255,849. 165,221, 1,701,03 1,701,03
Jewelry
160.08 84 291.92 00 00 162.17 32 011.49 3.97 3.97
Tech.
Co., Ltd.
In RMB
Current period Last period
Cash flow Cash flow
Total Total
Subsidiary Operating from Operating from
Net profit comprehensi Net profit comprehensi
income operation income operation
ve income ve income
activity activity
Shenzhen
Huari Toyota 119,178,692. 106,372,651.
-3,930.02 -3,930.02 1,564,040.84 133,522.54 133,522.54 3,616,339.12
Auto Sales 47 09
Co., Ltd
Shenzhen
SDG Huari
16,003,589.0 18,957,565.7
Auto 549,866.95 549,866.95 -4,077,786.01 -58,474.42 -58,474.42 -3,733,976.75
1 1
Enterprise
Co., Ltd.
Sichuan
Tellus 16,963,304.2 59,442,155.9 92,578,958.7 -14,716,246.5
2,017,572.52 2,017,572.52 3,852,200.31 3,852,200.31
Jewelry Tech. 0 5 7 3
Co., Ltd.
(4) Significant restrictions on the use of enterprise group assets and pay off debts of the enterprise group
Nil
100
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(5) Financial or other supporting offers to the structured entity included in consolidated financial statement
range
Nil
2. Transaction that has owners equity shares changed in subsidiary but still with controlling rights
Nil
3. Equity in joint venture and associated enterprise
(1) Important joint venture or associated enterprise
Share-holding ratio Accounting
treatment on
Joint venture or
Main operation investment for
Associated Registered place Business nature
place Directly Indirectly joint venture and
enterprise
associated
enterprise
Shenzhen Tellus Investment and
Equity method
Gman Investment Shenzhen Shenzhen establishment of 50.00%
accounting
Co., Ltd industries
Shenzhen Zung
Equity method
Fu Tellus Auto Shenzhen Shenzhen Sales of Benz 35.00%
accounting
Service Co., Ltd.
Shenzhen
Auto manufacture Equity method
Dongfeng Motor Shenzhen Shenzhen 25.00%
accounting
Co., Ltd. and maintain
(2) Main financial information of the important joint venture
In RMB
Ending balance/Current period Opening balance/Last period
Shenzhen Tellus Gman Investment Co., Shenzhen Tellus Gman Investment Co.,
Ltd Ltd
Current assets 51,890,128.83 56,022,041.04
Including: Cash and cash equivalent 8,300,876.58 9,770,310.11
Non current assets 364,310,637.32 363,958,852.65
Total Assets 416,200,766.15 419,980,893.69
Current liabilities 33,267,810.35 34,420,126.74
Non current liabilities 234,500,000.00 245,250,000.00
101
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Total liabilities 267,767,810.35 279,670,126.74
Shareholders' equity attributable to the
148,432,955.80 140,310,766.95
parent company
Share of net assets calculated by
74,216,477.90 70,155,383.48
shareholding ratio
--Others 74,195,020.79 70,155,383.48
Fair value of the equity investment of joint
37,081,024.74 41,866,318.34
venture with public offers concerned
Business income 6,840,207.33 7,181,939.67
Financial expenses 2,693,091.50 1,685,627.29
Income tax expenses 8,079,274.57 7,304,384.91
Other comprehensive income 8,079,274.57 7,304,384.91
51,890,128.83 56,022,041.04
Dividends received from joint venture in
8,300,876.58 9,770,310.11
the year
(3) Main financial information of the important associated enterprise
In RMB
Ending balance/Current period Opening balance/Last period
Shenzhen Zung Fu Tellus Shenzhen Dongfeng Shenzhen Zung Fu Tellus Shenzhen Dongfeng
Auto Service Co., Ltd. Motor Co., Ltd. Auto Service Co., Ltd. Motor Co., Ltd.
Current assets 230,248,569.76 435,453,513.27 229,415,509.00 479,352,285.14
Non current assets 38,674,818.99 212,332,449.42 22,735,996.00 214,963,230.31
Total Assets 268,923,388.75 647,785,962.69 252,151,505.00 694,315,515.45
Current liabilities 149,717,250.16 417,995,210.15 156,969,413.00 459,613,457.00
Non current liabilities 16,462,156.27 65,811,471.27 66,941,248.16
Total liabilities 166,179,406.43 483,806,681.42 156,969,413.00 526,554,705.16
-13,887,156.97 -11,589,462.52
Minority interests 102,743,982.32 177,866,438.24 95,182,092.00 179,350,272.81
Shareholders' equity
attributable to the parent 35,960,393.81 44,466,609.56 33,313,732.20 44,837,568.20
company
—Unrealized profit of
37,689,743.58 44,988,824.43 33,313,732.20 44,837,568.20
internal trading
102
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Book value of equity
investment in associated 542,501,386.62 154,117,515.10 568,266,810.59 219,400,462.98
enterprise
Fair value of the equity
investment of associated
12,502,889.67 -345,684.65 12,457,996.18 10,121,106.72
enterprise with public
offers concerned
Net profit of the
12,502,889.67 -345,684.65 12,457,996.18 10,121,106.72
termination of operation
Other comprehensive
17,500,000.00 64,100,548.07
income
Total comprehensive
230,248,569.76 435,453,513.27 229,415,509.00 479,352,285.14
income
38,674,818.99 212,332,449.42 22,735,996.00 214,963,230.31
Dividends received from
associated enterprise in 268,923,388.75 647,785,962.69 252,151,505.00 694,315,515.45
the year
Other explanation
(4) Financial summary for non-important Joint venture and associated enterprise
In RMB
Ending balance/Current period Opening balance/Last period
Joint venture: -- --
Total book value of investment 12,145,749.93 11,845,452.17
Amount based on share-holding ratio -- --
-- Net profit 588,819.14 363,981.77
-- Total comprehensive income 588,819.14 363,981.77
Associated enterprise: -- --
Total book value of investment 1,681,072.16 2,026,407.98
Amount based on share-holding ratio -- --
-- Net profit -959,266.17 -409,250.15
-- Total comprehensive income -959,266.17 -409,250.15
Other explanation:
1. Not important joint venture：Shenzhen Tellus Hang Investment Co., Ltd.
103
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
2. Not important associated enterprise: Shenzhen Automobile Industry Import and Export Co., Ltd.
(5) Major limitation on capital transfer ability to the Company from joint venture or associated enterprise
Nil
(6) Excess loss occurred in joint venture or associated enterprise
In RMB
Un-recognized losses not
Joint venture/Associated Cumulative un-recognized Cumulative un-recognized
recognized in the Period (or net
enterprise losses losses at period-end
profit enjoyed in the Period)
Shenzhen Yongtong Xinda
916,937.25 -121,989.68 794,947.57
Inspection Equipment Co., Ltd.
(7) Unconfirmed commitment with joint venture investment concerned
Nil
(8) Intangible liability with joint venture or affiliates investment concerned
Nil
4. Major conduct joint operation
Nil
5. Structured body excluding in consolidate financial statement
Note of structured body excluding in consolidate financial statement:
Nil
6. Other
VIII. Related party and related transactions
1. Parent company
Ratio of shareholding Ratio of voting right
Parent company Registration place Business nature Registered capital
on the Company on the Company
Development and
Shenzhen SDG Co., 3582.82 million Yua
Shenzhen operation of real 49.09% 49.09%
Ltd.
n
estate and domestic
104
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
commerce
Explanation on parent company of the enterprise
Shenzhen SDG Co., Ltd. is invested by the State-owned Assets Supervision and Administration Commission of Shenzhen Municipal
People's Government and was established on August 1, 1981. The company now holds a business license with a unified social credit
code of 91440300192194195C and a registered capital of 3582.82 million yuan.
Ultimate controller of the Company is Shenzhen Municipal People’s Government State-Owned Assets Supervision and
Administration Commission.
2. Subsidiary
Subsidiary of the Company found more in Note IX
3. Joint venture and associated enterprise
Joint Venture of the Company found more in Note IX
Other cooperative enterprise and joint venture that have related transaction with the Company in the Period or occurred in previous
period:
Joint venture/Associated enterprise Relationship
Shenzhen Xinyongtong Auto Service Co., Ltd. Associated company
Shenzhen Tellus Xinyongtong Auto Service Co., Ltd. Associated company
Shenzhen Tellus Automobile Service Chain Co., Ltd. Associated company
Shenzhen Yongtong Xinda Inspection Equipment Co., Ltd. Associated company
Shenzhen Xiandao New Material Co., Ltd. Associated company
Shenzhen Tellus Hang Investment Co., Ltd. Joint venture
4. Other related party
Other related party Relationship with the Enterprise
Shenzhen SD Petty Loan Co., Ltd. Holding subsidiary of the parent company
Shenzhen SDG Swan Industrial Co., Ltd. Holding subsidiary of the parent company
Shenzhen Machinery Equipment Imp & Exp. Company Holding subsidiary of the parent company
Shenzhen SDG Real Estate Co., Ltd Holding subsidiary of the parent company
Hong Kong Yujia Investment Co, Ltd. Holding subsidiary of the parent company
Shenzhen SDG Engineering Management Co., Ltd. Holding subsidiary of the parent company
Shenzhen Tellus Yangchun Real Estate Co., Ltd. Holding subsidiary of the parent company
Shenzhen Longgang Tellus Real Estate Co., Ltd. Holding subsidiary of the parent company
Shenzhen SDG Tellus Property Management Co., Ltd. Holding subsidiary of the parent company
105
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Shenzhen SDG Service Co., Ltd. Jewelry Park Branch Holding subsidiary of the parent company
Starlight Jewelry Co., Ltd. Shareholders
Anhui Jinzun Jewelry Co., Ltd. Shareholders
5. Related transaction
(1) Goods purchasing, labor service providing and receiving
Goods purchasing/labor service receiving
In RMB
Whether more than
Related transaction Approved transaction
Related party Current Period the transaction limit Last Period
content limit
(Y/N)
Shenzhen SDG
Engineering
Accept labor 637,620.00 504,190.40
Management Co.,
Ltd.
Shenzhen SDG
Tellus Property
Accept labor 7,001,541.81 5,816,443.82
Management Co.,
Ltd.
Shenzhen SDG
Service Co., Ltd.
Accept labor 199,490.25
Jewelry Park
Branch
Goods sold/labor service providing
In RMB
Related party Related transaction content Current Period Last Period
Shenzhen SD Petty Loan Co.,
Providing services 93,615.92 95,167.03
Ltd.
(2) Related trusteeship management/contract & entrust management/ outsourcing
Not applicable
(3) Related lease
As a lessor for the Company:
In RMB
106
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Lease income in recognized in Lease income in recognized last
Lessee Assets type
the Period the Period
Shenzhen Zung Fu Tellus Auto
House lease 1,694,444.45 2,523,809.60
Service Co., Ltd.
Shenzhen Xinyongtong Auto
House lease 231,379.05 327,782.86
Service Co., Ltd.
Shenzhen Xinyongtong
Dongxiao Auto Service Co., House lease 169,714.29 240,428.57
Ltd.
Shenzhen SD Petty Loan Co.,
House lease 620,733.12 704,631.90
Ltd.
Shenzhen SDG Tellus Property
House lease 25,402.04 13,288.57
Management Co., Ltd.
Shenzhen SDG Service Co.,
House lease 897,970.47
Ltd. Jewelry Park Branch
Subtotal 3,639,643.41 3,809,941.50
As lessee:
Nil
(4) Related guarantee
As guarantor
In RMB
Whether the guarantee
Secured party Guarantee amount Guarantee start date Guarantee expiry date
has been fulfilled
Shenzhen Zung Fu Tellus
3,500,000.00 2007-04-17 No
Auto Service Co., Ltd.
As secured party
Nil
Explanation on related guarantee
The Company entered into pledge contract with Zung Fu Auto Management (Shenzhen) Co., Ltd. (hereinafter
referred to as Zung Fu Shenzhen), pursuant to which, during the period from establishment of our associate
company Shenzhen Zung Fu Tellus Auto Service Co., Ltd. (hereinafter referred to as Zung Fu Tellus) to the
expiration date of the joint venture contract between the Company and Zung Fu Shenzhen, provided that Zung Fu
Shenzhen provides borrowings to Zung Fu Tellus under entrusted loan, Zung Fu Tellus makes borrows from bank
or other financial institutions and guaranteed by Zung Fu Shenzhen, and the total borrowings shall not exceed
RMB 100 million, the Company bears 35% of the obligations arising from above borrowings according to its
shareholding proportion. It was agreed for the Company to pledge 35% equity interests held in Zung Fu Tellus to
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深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Zung Fu Shenzhen as counter guarantee for the above borrowings.
Chengdu HezhiYuan Jewelry Co., Ltd., the related enterprise of Chengdu CaizhiYuan Jewelry Co., Ltd. which is a
shareholder of the Company’s subsidiary Sichuan Tellus Jewelry Technology Co., Ltd., and the related individual
Xiong Yungui, Chengdu Ruihang Jewelry Co., Ltd., a shareholder of Sichuan Tellus Jewelry Technology Co., Ltd.,
and the related individual Linhang, Chengdu Zhongjin Guifu Jewelry Co., Ltd., a shareholder of Sichuan Tellus
Jewelry Technology Co., Ltd., and the related individual Lin Tonggui, Chengdu Hengyue Trading Co., Ltd., a
shareholder of Sichuan Tellus Jewelry Technology Co., Ltd., and related company Chengdu Zhongcheng Shubao
Jewelry Co., Ltd. set the maximum guarantee by taking Sichuan Tellus Jewelry Technology Co., Ltd. as the
creditor, the main creditor's right of guarantee is the accounts receivable of Sichuan Tellus Jewelry Technology
Co., Ltd. to the warrantees, Lin Qin, etc., the total amount of guarantees is 41.4799 million Yuan.
(5) Related party’s borrowed funds
In RMB
Related party Borrowing amount Starting date Maturity date Note
Borrowing
Lending
Payment of property
Shenzhen Tellus Hang
256,363.88 2020-01-01 2020-12-31 rights representative
Investment Co., Ltd.
salary
(6) Related party’s assets transfer and debt reorganization
Nil
(7) Remuneration of key manager
In RMB
Item Current period Last period
Remuneration of directors, supervisors and
2,926,900 2,323,700
senior executives
(8) Other related transaction
6. Receivable and payable of related party
(1) Receivable item
In RMB
108
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Ending balance Opening balance
Item Name Related party
Book balance Bad debt provision Book balance Bad debt provision
Shenzhen
Accounts receivable Xinyongtong Auto 927,602.00 927,602.00 927,602.00 927,602.00
Service Co., Ltd.
Shenzhen
Xinyongtong
680,400.00 680,400.00 680,400.00 680,400.00
Dongxiao Auto
Service Co., Ltd.
Shenzhen SD Petty
221,227.49 2,835.84 283,583.81 2,835.84
Loan Co., Ltd.
Subtotal 1,829,229.49 1,610,837.84 1,891,585.81 1,610,837.84
Shenzhen Tellus
Other receivable Automobile Service 1,359,297.00 1,359,297.00 1,359,297.00 1,359,297.00
Chain Co., Ltd.
Shenzhen Yongtong
Xinda Inspection 531,882.24 531,882.24 531,882.24 531,882.24
Equipment Co., Ltd.
Shenzhen Xiandao
New Material Co., 660,790.09 660,790.09 660,790.09 660,790.09
Ltd.
Shenzhen Tellus
Xinyongtong Auto 114,776.33 114,776.33 114,776.33 114,776.33
Service Co., Ltd.
Shenzhen Tellus
Hang Investment 55,125.04 551.25
Co., Ltd.
Shenzhen SDG
Service Co., Ltd. 879,119.04
Jewelry Park Branch
Subtotal 3,545,864.70 2,666,745.66 2,721,870.70 2,667,296.91
Shenzhen Tellus
Long-term
Automobile Service 2,179,203.68 2,179,203.68 2,179,203.68 2,179,203.68
receivables
Chain Co., Ltd.
Subtotal 2,179,203.68 2,179,203.68 2,179,203.68 2,179,203.68
(2) Payable item
In RMB
109
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Item Name Related party Ending book balance Opening book balance
Shenzhen SDG Real Estate Co.,
Accounts payable 6,054,855.46 6,054,855.46
Ltd
Shenzhen Machinery
Equipment Import & Export 45,300.00 45,300.00
Corporation
Shenzhen Tellus Gman
22,360.00 200,000.00
Investment Co., Ltd
Shenzhen SDG Engineering
42,205.66
Management Co., Ltd.
Shenzhen SDG Service Co.,
36,103.11
Ltd. Jewelry Park Branch
Shenzhen SDG Tellus Property
3,372,496.27
Management Co., Ltd.
Subtotal 9,495,011.73 6,378,464.23
Hong Kong Yujia Investment
Other payable 2,158,064.96 2,172,091.54
Co, Ltd.
Shenzhen SDG Swan Industrial
20,703.25 20,703.25
Co., Ltd.
Shenzhen Machinery
Equipment Imp & Exp. 1,554,196.80 1,554,196.80
Company
Shenzhen SDG Co., Ltd. 17,448,724.94 20,378,046.74
Shenzhen Longgang Tellus
1,095,742.50 1,095,742.50
Real Estate Co., Ltd.
Shenzhen Tellus Yangchun
476,217.49 476,217.49
Real Estate Co., Ltd.
Shenzhen Tellus Hang
16,765.12
Investment Co., Ltd.
Shenzhen Yongtong Xinda
29,940.00 29,940.00
Inspection Equipment Co., Ltd.
Anhui Jinzun Jewelry Co., Ltd. 1,330,000.00 1,330,000.00
Shenzhen SDG Tellus Property
192,227.98 192,227.98
Management Co., Ltd.
Shenzhen Zung Fu Tellus Auto 833,334.00 833,334.00
110
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Service Co., Ltd.
Shenzhen SD Petty Loan Co.,
227,836.80 227,836.80
Ltd.
Shenzhen SDG Service Co.,
6,598.00
Ltd. Jewelry Park Branch
Subtotal 25,390,351.84 28,310,337.10
7. Related party commitment
8. Other
IX. Commitment or contingency
1. Important commitments
Important commitments on balance sheet date
Nil
2. Contingency
(1) Contingency on balance sheet date
Contingent liability and its financial influence formed by pending litigation or arbitration
(1) In October 2005, a lawsuit was brought before Shenzhen Luo Hu District People’s Court by the Company,
which was the recognizer of Jintian Industrial (Group) Co., Ltd. (“Jintian”) to require Jintian to redress RMB
4,081,830 (principal: RMB 3,000,000, interest: RMB 1,051,380, legal fare: RMB 25,160 and executive fare:
RMB 5,290). Shenzhen Intermediate People’s Court had adjudged that the Company won the lawsuit and the
forcible execution had been applied by the Company. As for the deducted amount in previous years, the Company
has counted as debt losses.
In April 2006, Shenzhen Development Bank brought an accusation against Jintian’s overdue loan two million U.S.
dollars and the Company who guaranteed for this loan. The company took on the principal and all interest. After
that, the Company appealed to Shenzhen Luohu District People's Court, asking Jintian to repay 2,960,490 U.S.
dollars and interest. In 2008, it reached Shen Luo No.937 Civil Reconciliation Agreement (2008) after the
mediating action taken by Shenzhen Luohu District People's Court. The agreement is as follows: If Jintian repay
2,960,490 U.S. dollars before October 31, 2008, the company will exempt all the interest. If Jintian can not settle
the amount on time, it will pay the penalty in accordance with the People's Bank of China RMB benchmark
lending rate over the same period.
Jintian Company in process of debt service for bankruptcy reorganization. On January 29, 2016, Shenzhen
Intermediate People's Court ruled that the reorganization plan of Jintian Company was completed and the
bankruptcy proceedings were terminated, Jintian Company was re-allocating to the creditors, including the
111
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Company, according to the reorganization plan. Cash of 325,000 yuan, 427,604 A shares and 163,886 B shares of
Jintian Company should be distributed to the Company. As of the date of approval of this financial report, the
company has not received the distributed property.
After failed to communicate with Jintian Company about the cash and equity that should be allocated to our
company after Jintian Company’s bankruptcy and reorganization for more than once, the Company filed a lawsuit
to the People's Court of the Qianhai Cooperation Zone, requesting the court to order Jintian Company and its
shareholders to pay.
On January 9, 2020, the Qianhai Court held a public hearing on the case, and made the first-instance judgment on
February 13, 2020, judging that Jintian Company should pay 325,000 yuan to Tellus Group within 5 days from
the effective date of the judgment and deliver 427,604 shares of A shares and 163,886 shares of B shares of
Jintian Group (if the shares cannot be delivered, the payment can be made after converting into cash according to
the stock market price on the last day of the aforementioned performance period). Because some of the defendants
in this case cannot be served with the written judgment, and the defendants whose whereabouts are unknown
include foreign-related parties, the Qianhai Court has published a delivery announcement for the written judgment
on February 14, 2020. As of June 30, 2020, the first-instance judgment of the case has not yet taken effect.
(2) In May 2014, our subsidiary Shenzhen Automobile Industry Trading General Company (hereinafter referred to as Automobile
Industry Trading Company) was served with a summon from people’s court in Futian district, Shenzhen, pursuant to which,
Shenzhen branch of China Huarong Asset Management Co., Ltd. (“Huarong Shenzhen”) sued Auto Industrial Trading Company for
joint settlement responsibility in respect of the debt disputes between Shenzhen Guangming Watch Co., Ltd. (“Guangming Watch”)
and its creditors. Including the payment of the debt principal of 350,000.00 yuan and the debt interest during the delayed
performance period of 946,697.54 yuan, the Auto Industry and Trade Company calculated the expected litigation loss of
2,225,468.76 yuan based on the bank’s borrowing interest rate for the same period of the outstanding principal and corresponding
interest. Huarong Shenzhen Company applied to the Futian Court to withdraw the lawsuit on January 20, 2018, Futian Court issued
(2014) SFFMECZ No. 4712-2 Civil Ruling Paper on January 30, 2018, allowed to withdraw.
(2) If the Company has no important contingency need to disclosed, explain reasons
The Company has no important contingency that need to disclose.
3. Other
X. Events after balance sheet date
Not applicable
112
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
XI. Other important events
1. Previous accounting errors collection
Nil
2. Debt restructuring
Nil
3. Assets exchange
Nil
4. Pension plan
Nil
5. Discontinuing operation
Nil
6. Segment
(1) Recognition basis and accounting policy for reportable segment
The Company determines operating (segment)divisions based on internal organizational structure, management
requirements and internal reporting system, and determines the reporting segment based on the industry segment.
Respectively assess the operating performance of automobile sales, automobile maintenance and testing, leasing
and services, and jewelry wholesale and retail. The assets and liabilities used with each segment are distributed
among the different segments in proportion to their size.
(2) Financial information for reportable segment
In RMB
Auto
Leasing and Wholesale and Offset between
Item Auto sales maintenance and Total
retail of jewelry segment
services
inspection
Main business
112,524,897.49 19,138,132.58 58,157,419.79 16,963,304.20 -13,727,405.66 193,056,348.40
income
Main business 109,843,052.17 16,287,281.23 25,058,304.97 16,010,373.45 -13,653,691.37 153,545,320.45
113
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
cost
-1,208,556,813.6
Total assets 67,368,569.39 22,910,066.56 2,540,076,869.66 154,256,572.67 1,576,055,264.66
2
Total liability 63,176,532.99 14,176,110.25 617,141,672.40 2,069,464.10 -464,666,340.89 231,897,438.85
(3) The Company has no segment, or unable to disclose total assets and liability of the segment, explain
reasons
(4) Other explanation
7. Other major transaction and events makes influence on investor’s decision
Nil
8. Other
XII. Principle notes of financial statements of parent company
1. Account receivable
(1) Category
In RMB
Ending balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book
Accrual Accrual Book value
Amount Ratio Amount value Amount Ratio Amount
ratio ratio
Account receivable
with bad debt 484,803. 484,803. 484,803.0 484,803.0
16.30% 100.00% 69.90% 100.00%
provision accrual on 08 08 8 8
a single basis
Including:
Account receivable
with bad debt 2,490,04 2,487,958 208,798.7
83.70% 2,087.99 0.08% 30.10% 2,087.99 1.00% 206,710.76
provision accrual on 6.10 .11 5
portfolio
Including:
2,974,84 486,891. 2,487,958 693,601.8 486,891.0
Total 100.00% 16.37% 100.00% 70.20% 206,710.76
9.18 07 .11 3 7
Bad debt provision accrual on single basis:
114
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio Accrual causes
The accounts are more
Shenzhen Bijiashan than 10 years old and are
172,000.00 172,000.00 100.00%
not expected to be
Entertainment Company
recovered
The accounts are more
than 10 years old and are
Gong Yanqing 97,806.64 97,806.64 100.00%
not expected to be
recovered
The accounts are more
Guangzhou Lemin than 10 years old and are
86,940.00 86,940.00 100.00%
not expected to be
Computer Center
recovered
The accounts are more
than 10 years old and are
Other 128,056.44 128,056.44 100.00%
not expected to be
recovered
Total 484,803.08 484,803.08 -- --
Bad debt provision accrual on portfolio:
In RMB
Ending balance
Name
Book balance Bad debt provision Accrual ratio
Within one year 2,490,046.10 2,087.99 0.08%
Total 2,490,046.10 2,087.99 --
If the provision for bad debts of account receivable is made in accordance with the general model of expected credit losses, please refer
to the disclosure of other account receivables to disclose related information about bad-debt provisions:
√ Applicable □Not applicable
By account age
In RMB
Account age Ending balance
Within one year (including one year) 2,490,046.10
Over 3 years 484,803.08
Over 5 years 484,803.08
Total 2,974,849.18
115
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(2) Bad debt provision accrual, collected or reversal in the period
Not applicable
(3) Account receivable actually written-off in the period
Not applicable
(4) Top 5 account receivables at ending balance by arrears party
In RMB
Ending balance of accounts Proportion in total receivables Bad debt preparation ending
Enterprise
receivable at ending balance balance
Shenzhen Zung Fu Tellus Auto
1,911,906.35 64.27%
Service Co., Ltd.
Shenzhen Bijiashan
172,000.00 5.78% 172,000.00
Entertainment Company
Shenzhen Jincheng Yinyu
103,272.00 3.47% 1,032.72
Jewelry Co., Ltd.
Gong Yanqing 97,806.64 3.29% 97,806.64
Guangzhou Lemin Computer
86,940.00 2.92% 86,940.00
Center
Total 2,371,924.99 79.73% 357,779.36
(5) Account receivable derecognition due to financial assets transfer
Not applicable
(6) Assets and liabilities resulted by account receivable transfer and continues involvement
Not applicable
2. Other account receivable
In RMB
Item Ending balance Opening balance
Dividends receivable 547,184.35 547,184.35
Other account receivable 135,492,262.28 115,490,588.74
Total 136,039,446.63 116,037,773.09
116
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
(1) Interest receivable
Not applicable
(2) Dividend receivable
1) Category
In RMB
Item (or invested enterprise) Ending balance Opening balance
China Pudong Development Machinery
547,184.35 547,184.35
Industry Co., Ltd
Total 547,184.35 547,184.35
2) Important dividend receivable with account age over one year
Nil
3) Accrual of bad debt provision
□ Applicable √Not applicable
(3) Other account receivable
1) By nature
In RMB
Nature Ending book balance Opening book balance
Dividend receivable 547,184.35 547,184.35
Related transactions within the scope of
135,184,758.23 115,271,769.06
consolidation
Reserve fund 130,000.00 43,346.12
Interim payment receivable 14,408,900.22 14,406,869.73
Total 150,270,842.80 130,269,169.26
2) Accrual of bad debt provision
In RMB
Phase I Phase II Phase III
Bad debt provision Expected credit Expected credit losses for Expected credit losses for Total
losses over next 12 the entire duration (without the entire duration (with
117
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
months credit impairment occurred) credit impairment occurred)
Balance on Jan. 1, 2020 105,742.91 14,125,653.26 14,231,396.17
Balance of Jan. 1, 2020
—— —— —— ——
in the period
Balance on Jun. 30, 2020 105,742.91 14,125,653.26 14,231,396.17
Change of book balance of loss provision with amount has major changes in the period
□ Applicable √Not applicable
By account age
In RMB
Account age Ending balance
Within one year (including one year) 135,388,827.06
Over 3 years 14,334,831.39
Over 5 years 14,334,831.39
Total 149,723,658.45
3) Bad debt provision accrual, collected or reversal in the period
Not applicable
4) Other account receivable actually written-off in the period
Not applicable
5) Top 5 other receivables at ending balance by arrears party
In RMB
Ratio in total ending
Ending balance of
Enterprise Nature Ending balance Account age balance of other
bad debt reserve
account receivables
Shenzhen Zhongtian
Internal intercourse 134,366,644.53 Within one year 89.74%
Industrial Co,. Ltd.
Shenzhen Zhonghao
Intercourse funds 5,000,000.00 Over 3 years 3.34% 5,000,000.00
(Group) Co., Ltd
Gold Beili Electrical
Intercourse funds 2,706,983.51 Over 3 years 1.81% 2,706,983.51
Appliances Company
Shenzhen
Intercourse funds 1,923,891.98 Over 3 years 1.28% 1,923,891.98
Petrochemical Group
Shenzhen SDG Intercourse funds 1,212,373.79 Over 3 years 0.81% 1,212,373.79
118
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Huatong Packaging
Industry Co., Ltd.
Total -- 145,209,893.81 -- 96.98% 10,843,249.28
6) Other account receivables related to government grants
Nil
7) Other receivable for termination of confirmation due to the transfer of financial assets
Nil
8) The amount of assets and liabilities that are transferred other receivable and continued to be involved
Nil
Other explanation:
Name Ending balance
Book balance Bad debt provision Provision Reason for provision
ratio
5,000,000.00 5,000,000.00 100% The accounts are more
Shenzhen Zhonghao (Group) Co., than 10 years old and
are not expected to be
Ltd
recovered
Gold Beili Electrical Appliances 2,706,983.51 2,706,983.51 100% The accounts are more
Company than 10 years old and
are not expected to be
recovered
1,923,891.98 1,923,891.98 100% The accounts are more
than 10 years old and
Shenzhen Petrochemical Group
are not expected to be
recovered
1,212,373.79 1,212,373.79 100% The accounts are more
Shenzhen SDG Huatong Packaging than 10 years old and
Industry Co., Ltd. are not expected to be
recovered
Other 3,491,582.11 3,282,403.98 94% The accounts are more
than 10 years old and
are not expected to be
recovered
Total 14,334,831.39 14,125,653.26 -- --
119
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
3. Long-term equity investment
In RMB
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Investment for
745,996,472.73 1,956,000.00 744,040,472.73 745,996,472.73 1,956,000.00 744,040,472.73
subsidiary
Investment for
associates and 133,817,676.62 9,787,162.32 124,030,514.30 125,101,730.19 9,787,162.32 115,314,567.87
joint venture
Total 879,814,149.35 11,743,162.32 868,070,987.03 871,098,202.92 11,743,162.32 859,355,040.60
(1) Investment for subsidiary
In RMB
Opening Increase and decrease in current period Ending balance
The invested Ending balance
balance (book Additional Reduce Provision for of impairment
entity Other (book value)
value) investment investment impairment provision
Shenzhen SDG
Tellus Real 31,152,888.87 31,152,888.87
Estate Co., Ltd.
Shenzhen Tellus
Chuangying
14,000,000.00 14,000,000.00
Technology Co.,
Ltd.
Shenzhen Tellus
Xinyongtong
Automobile 57,672,885.22 57,672,885.22
Development
Co. Ltd.
Shenzhen
Zhongtian 369,680,522.9
369,680,522.90
Industrial Co,. 0
Ltd.
Shenzhen Auto
Industry and 126,251,071.5
126,251,071.57
Trade 7
Corporation
Shenzhen SDG 19,224,692.65 19,224,692.65
120
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
Huari Auto
Enterprise Co.,
Ltd.
Shenzhen Huari
TOYOTA
Automobile 1,807,411.52 1,807,411.52
Sales Service
Co., Ltd.
Shenzhen
Xinyongtong
Automobile
10,000,000.00 10,000,000.00
Inspection
Equipment Co.
Ltd.
Anhui Tellus
Starlight
Jewelry 4,998,000.00 4,998,000.00
Investment Co.,
Ltd.
Sichuan Tellus
100,000,000.0
Jewelry Tech. 100,000,000.00
0
Co., Ltd.
Shenzhen Tellus
Baoku Supply
Chain 9,253,000.00 9,253,000.00
Technology Co.,
Ltd.
Shenzhen
Hanligao
Technology 0.00 1,956,000.00
Ceramics Co.,
Ltd.
744,040,472.7
Total 744,040,472.73 1,956,000.00
3
(2) Investment for associates and joint venture
In RMB
Opening Current changes (+, -) Ending Ending
investmen
balance balance balance
t Additiona Capital Investme Other Other Cash Accrual
(book Other (book of
company l reduction nt gains comprehe equity dividend of
value) value) impairme
121
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
investmen recognize nsive change or profit impairme nt
t d under income announce nt provision
equity adjustmen d to provision
t issued
I. Joint venture
Shenzhen
Tellus
Gman 70,155,38 4,039,637 74,195,02
Investme 3.50 .29 0.79
nt Co.,
Ltd
Shenzhen
Tellus
Hang 11,845,45 300,297.7 12,145,74
Investme 2.17 6 9.93
nt Co.,
Ltd.
82,000,83 4,339,935 86,340,77
Subtotal
5.67 .05 0.72
II. Associated enterprise
Shenzhen
Zung Fu
Tellus 33,313,73 4,376,011 37,689,74
Auto 2.20 .38 3.58
Service
Co., Ltd.
Hunan
Changyan
1,810,540
g
.70
Industrial
Co., Ltd.
Shenzhen
Jiecheng 3,225,000
Electronic .00
Co., Ltd.
Shenzhen
Xiandao
4,751,621
New
.62
Materials
Co., Ltd.
Subtotal 33,313,73 4,376,011 37,689,74 9,787,162
122
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
2.20 .38 3.58 .32
115,314,5 8,715,946 124,030,5 9,787,162
Total
67.87 .43 14.30 .32
4. Operating income and operating cost
In RMB
Current period Last period
Item
Income Cost Income Cost
Main business 13,120,854.52 3,857,719.57 19,112,054.55 1,774,557.00
Total 13,120,854.52 3,857,719.57 19,112,054.55 1,774,557.00
Income related information
In RMB
Contract classification Division 1 Division 2 Total
Including: - -
Property leasing and
13,120,854.52
services
Including: - -
Shenzhen 13,120,854.52
Including: - -
Total 13,120,854.52
5. Investment income
In RMB
Item Current period Last period
Long-term equity investment income
8,400,304.32
measured by cost
Long-term equity investment income
8,715,946.43 8,376,471.67
measured by equity
Investment income of trading financial assets
2,114,272.43 3,417,993.78
during the holding period
Total 19,230,523.18 11,794,465.45
XIII. Supplementary information
1. Current non-recurring gains/losses
√ Applicable □Not applicable
123
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
In RMB
Item Amount Note
Governmental grants calculated into current
gains and losses (while closely related with
the normal business of the Company,
52,846.70
excluding the fixed-amount or
fixed-proportion governmental subsidy
according to the unified national standard)
Except for the effective hedging business
related to the normal business of the
Company, the fair value changes from
holding the tradable financial assets,
derivative financial assets, tradable
4,003,521.31 Income from financial products
financial liability and derivative financial
liability; and investment income from
disposal of tradable financial assets,
derivative financial assets, tradable financial
liability and other creditors investment
Switch back of the impairment provision
for account receivable with impairment test 599,201.43 Switch back of bad debt provision
on single basis and contract assets
Other non-operating income and expense Income from forfeiting the lease deposit
917,047.44
other than the above mentioned ones after the tenant returns the lease in advance
Less: Impact on income tax 858,601.74
Impact on minority interests 521,850.19
Total 4,192,164.95 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √Not applicable
2. ROE and earnings per share
Earnings per share
Profits during report period Weighted average ROE Diluted EPS
Basic EPS (Yuan/share)
(Yuan/share)
Net profits belong to common stock
1.99% 0.0594 0.0594
stockholders of the Company
Net profits belong to common stock
1.67% 0.0497 0.0497
stockholders of the Company after
124
深圳市特力(集团)股份有限公司 2020 年半年度财务报告
deducting nonrecurring gains and
losses
3. Difference of the accounting data under accounting rules in and out of China
(1) Difference of the net profit and net assets disclosed in financial report, under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √Not applicable
(2) Difference of the net profit and net assets disclosed in financial report, under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□ Applicable √Not applicable
125
