Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Report for the Third Quarter of 2013
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Report for the Third Quarter of 2013
2013-023
October 2013
1
Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Report for the Third Quarter of 2013
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
(hereinafter referred to as “the Company”) warrant that this report is factual, accurate and complete
without any false record, misleading statement or material omission. And they shall be jointly and
severally liable for that.
All directors attended the board session for reviewing this report.
Zhou Jianguo, company principal, Chen Maozheng, GM, Wei Hanping, chief of the accounting
work, and Tang Xiaoping, chief of the accounting organ (chief of accounting), hereby confirm that
the financial statements enclosed in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
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Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Report for the Third Quarter of 2013
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 4,595,246,085.23 3,712,770,828.30 23.77%
Net assets attributable to
shareholders of the Company 1,653,191,050.85 1,635,376,098.73 1.09%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 154,286,475.60 -40.68% 474,974,336.20 -32.86%
Net profit attributable to
shareholders of the Company 3,528,324.44 -84.88% 16,578,664.81 -73.86%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
599,005.21 -97.42% 10,218,805.25 -83.9%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- -12,312,244.25 93.68%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.003 -85% 0.0164 -73.84%
Diluted EPS (RMB Yuan/share) 0.003 -85% 0.0164 -73.84%
Weighted average ROE (%) 0.21% -1.27% 1.01% -3.05%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the Gain on disposal of office
5,880,381.95
offset part of asset impairment provisions) buildings and living quarters
Mainly other non-operating
Other non-operating income and expenses other than the above 473,477.61
income
Less: Income tax effects -6,000.00
Total 6,359,859.56 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
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Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Report for the Third Quarter of 2013
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public?Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□Applicable √Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
80,875
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
Shenzhen
State-owned legal
Investment 63.55% 642,884,262 0
person
Holdings Ltd.
Domestic natural
Liu Yongkui 0.3% 3,027,749 0
person
GUOTAI
JUNAN
Overseas legal
SECURITIES(H 0.15% 1,479,550 0
person
ONGKONG)
LIMITED
Domestic natural
Yang Shuilian 0.12% 1,233,200 0
person
Overseas natural
Wu Haoyuan 0.11% 1,109,300 0
person
Domestic natural
Wang Zhongming 0.11% 1,095,808 0
person
China Domestic
International non-state-owned 0.1% 1,014,927 0
Capital Co., Ltd. legal person
Domestic natural
Peng Qionghui 0.09% 895,000 0
person
Domestic natural
Xue Haoyuan 0.09% 894,956 0
person
Overseas natural
LI,LONG CHIU 0.08% 789,535 0
person
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Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Report for the Third Quarter of 2013
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
RMB ordinary
Shenzhen Investment Holdings Ltd. 642,884,262
shares
RMB ordinary
Liu Yongkui 3,027,749
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 1,479,550 listed foreign
LIMITED shares
RMB ordinary
Yang Shuilian 1,233,200
shares
Domestically
Wu Haoyuan 1,109,300 listed foreign
shares
Domestically
Wang Zhongming 1,095,808 listed foreign
shares
RMB ordinary
China International Capital Co., Ltd. 1,014,927
shares
RMB ordinary
Peng Qionghui 895,000
shares
RMB ordinary
Xue Haoyuan 894,956
shares
Domestically
LI,LONG CHIU 789,535 listed foreign
shares
Explanation on associated
relationship or persons acting in
Unknown
concert among the above-mentioned
shareholders
Shareholders taking part in margin
financing and securities lending (if Naught among the top ten shareholders
any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
For the reporting period, the Company achieved operating revenues of RMB 474.97 million, down
32.86% over the same period of last year; operating profit of RMB 18.50 million, representing a
year-on-year decrease of 77.89%; total profit of RMB 24.85 million, down 70.27％ on the
year-on-year basis; and net profit attributable to shareholders of the Company of RMB 16.58
million, decreasing 73.86% over the same period of last year.
The reporting period saw a sales income carried over from real estate of RMB 66.36 million, down
61.13％ over the same period of last year, causing a considerable drop in the operating revenues.
This was mainly because the real estate income for the reporting period still mainly came from the
sale of the residual houses of Jinye Island by the subordiante Shantou Hualin Company; and the
advances from the Chuanqi Mountain project stood at RMB 1,137.48 million at the end of the
reporting period but could not yet be carried over into sales income due to dissatisfaction of the
carry-over conditions.
Financial expenses decreased over the same period of last year mainly because capitalized interest
increased.
Non-operating incomes increased over the same period of last year mainly because of the gain on
disposal of office buildings and living quarters.
Cash received from sale of goods and rendering of services stood at RMB 1,483.77 million for the
reporting period, up 126.63% from the same period of last year, mainly because of the advances
from the Chuanqi Mountain project.
Cash paid for goods and services stood at RMB 1,300.98 million for the reporting period, up
96.27% from the same period of last year, mainly because the Company increased its input to the
ongoing SPG Chuanqi Mountain project, SPG Shanglin Garden project and the Shantou Yuejing
Orient project, as well as newly bought a land parcel for the Shantou Chaoyang Jingzai Bay project.
Net cash flows from investing activities stood at RMB 4.66 million, up 212.27% over the same
period of last year, which was mainly because of the cash from disposal of office buildings and
living quarters.
Net cash flows from financing activities stood at RMB -110.65 million, down 149.45% over the
same period of last year, which was mainly because the cash received as bank borrowings decreased
49.13% while the cash for repaying bank borrowings increased 22.92%.
Prepayments stood at RMB 90.20 million, up 127.32% over the year-begin, which was mainly
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
because of the prepayments for construction.
Closing net inventories stood at RMB 3,408.67 million, up 40% over the year-begin, which was
mainly because the Company increased its input to the ongoing SPG Chuanqi Mountain project,
SPG Shanglin Garden project and the Shantou Yuejing Orient project, as well as newly bought a
land parcel for the Shantou Chaoyang Jingzai Bay project.
Closing other current assets stood at RMB 35.21 million, up 352.57% over the year-begin, which
was mainly because the turnover tax and income tax on the house pre-sale income and the
construction advances in the reporting period were paid.
Closing short-term borrowings stood at RMB 20 million, down 79.17% over the year-begin, which
was mainly because an entrustment borrowing of RMB 70 million was repaid in the reporting
period.
Closing accounts received in advance stood at RMB 1,413.36 million, up 247.10% over the
year-begin, which was mainly because the pre-sale income from the SPG Chuanqi Mountain project
increased.
Closing payroll payable stood at RMB 17.79 million, down 51.49% over the year-begin, which was
mainly because some remuneration for last year was paid in the reporting period.
Closing taxes and fares payable stood at RMB 7.66 million, down 61.62% over the year-begin,
which was mainly because the enterprise income tax for last year was paid in the reporting period.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
(1) In the reporting period, the actual management situation of the Company was of no difference
with The Company Law as well as the relevant provisions of CSRS; no any change about the
significant contentious matters and the disclose situation of the semi-year report; no any event was
commonly questioned, bankruptcy reorganized or had transaction in assets; had no carried out stock
ownership incentive; no any significant substantial change of the significant related party
transaction or significant contract performance compared to the disclose situation of the semi-year
report.
(2) On 12 July 2013, the Company won the bid of the land use right which used to be Nanfang
Building Materials Industry and Trade Co., Ltd. in Jingzaiwan, Shantou Chaoyang, with the bidding
amount of RMB 282 million. Recently was conducting the relevant procedures of the land use right
and the land transfer procedure was predicted to be totally completed in the midmonth of December.
The pre-planning of the project development had launched the biding procedure according to the
plan.
(3) According to the arrangement of the project development, the Chuanlin Mountain Project of
Shenzhen Properties Groups, which lies in the Guangming New District, Shenzhen, had started to
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
deal with the completion acceptance, and it was predicted to reach the carry-over conditions in the
fourth quarter. The sold building account had partly been carried forward to the operating income of
this year.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
On 12 July 2013, the Company won the
bid of the land use right as well as the
above-ground structures which used to be
Nanfang Building Materials Industry and 13 July 2013 http://www.cninfo.com.cn
Trade Co., Ltd. in Jingzaiwan, Shantou
Chaoyang, with the bidding amount of
RMB 282 million.
Mr. Yang Jiayong resigned from the
Company’s position of vice president
21 Aug. 2013 http://www.cninfo.com.cn
because of the work changes and would no
more be in office.
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
Commitment on share reform
Commitment in acquisition reports or
reports on equity changes
Commitments made upon the assets
reorganization
Commitments made upon IPO or
refinancing
Other commitments made to minority
shareholders
Executed in time or not? Yes
Detailed reason for failing to execute and
Inapplicable
the next plan (if any)
IV. Predict the 2013 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the
beginning of the year to the end of the next reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
√Applicable □Inapplicable
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Predictions: significant increase in the same direction
Type of the predicted data: Interval data
Jan.-Dec. 2013 Jan.-Dec. 2012 Increase/decrease (%)
Estimated accumulative net
20,000 -- 23,800 10,681 Increase 87.25% -- 122.83%
profit (RMB Ten thousand)
Basic EPS (RMB Yuan/share) 0.198 -- 0.235 0.106 Increase 86.79% -- 121.70%
The Chuanqi Mountain Project of Shenzhen Properties Groups, which lies in the Guangming New
Explanation about the District, Shenzhen, had started to deal with the completion acceptance, and it was predicted to
predictions reach the carry-over conditions in the fourth quarter. The sold building account had partly been
carried forward to the operating income of this year.
V. Securities investment
Sharehold Sharehold
Initial Number Number Closing Gain/loss
ing ing
investme of shares of shares book for report
Variety of Code of Name of percentag percentag Accounti Source of
nt cost held at held at value period
securities securities securities e at e at ng title stock
(RMB period-be period-en (RMB (RMB
period-be period-en
Yuan) gin d Yuan) Yuan)
gin d
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Disclosure date of the board
announcement on approval of
the securities investment
Disclosure date of the general
meeting announcement on
approval of the securities
investment (if any)
Shareholdings in other listed companies
□Applicable √Inapplicable
VI. Derivative investments
Unit: RMB Ten thousand
Proportio
Actual
Related-p Type of Impairme n of the
Initial Opening Closing gain/loss
arty derivative Ending nt closing Ending
Operator Relation investmen investmen investmen in
transactio investmen date provision investmen date
t amount t amount t amount reporting
n or not t (if any) t amount
period
in the
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Company
’s closing
net assets
(%)
Total 0 -- -- 0 0 0% 0
Capital source for derivative investment No derivative investments
Disclosure date of the board announcement
on approval of the derivative investments
Disclosure date of the general meeting
announcement on approval of the
derivative investments (if any)
VII. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
The influence on the
Company’s operating of the
Macro-Economy Policy and
Telephone
18 July 2013 The office Individual Individual investor whether the Company has
Communication
asset restructuring plan; had
not offer the written
sources.
The operating situation of
the first half year of 2013
Telephone and the disclosure
6 Aug. 2013 The office Individual Individual investor
Communication appointment time of the
semi-year report; had not
offer the written sources.
Discuss the question about
the Share B of the
Company transferring to
the Share H, and the
Jinshi Financial relevant information had
18 Sep. 2013 The office Field research Institution
Services Group reported to the Shenzhen
Stock Exchange investor
relations platform
according to the
requirements.
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 345,216,402.58 496,805,905.01
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 22,557,255.33 24,413,187.02
Accounts paid in advance 90,196,308.54 39,677,550.07
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable 1,052,192.76 1,052,192.76
Other accounts receivable 58,808,114.29 56,894,335.01
Financial assets purchased under
agreements to resell
Inventories 3,408,666,740.84 2,431,754,464.54
Non-current assets due within 1 year
Other current assets 35,211,663.15 7,780,460.78
Total current assets 3,961,708,677.49 3,058,378,095.19
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Long-term accounts receivable
Long-term equity investment 75,225,969.30 75,225,969.30
Investing property 471,979,495.29 487,373,443.43
Fixed assets 58,225,650.53 63,204,808.66
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 6,849,321.78 5,866,106.75
R&D expense
Goodwill
Long-term deferred expenses 640,130.46 427,321.35
Deferred income tax assets 19,881,649.62 19,881,649.62
Other non-current assets 735,190.76 2,413,434.00
Total of non-current assets 633,537,407.74 654,392,733.11
Total assets 4,595,246,085.23 3,712,770,828.30
Current liabilities:
Short-term borrowings 20,000,000.00 96,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 50,347,827.38 72,660,833.60
Accounts received in advance 1,413,358,128.72 407,194,198.80
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 17,792,875.73 36,675,028.18
Tax payable 7,660,457.72 19,958,153.14
Interest payable 16,786,160.70 18,395,916.84
Dividend payable
Other accounts payable 384,918,701.92 394,741,726.29
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
344,448,750.02 299,261,270.80
year
Other current liabilities
Total current liabilities 2,255,312,902.19 1,344,887,127.65
Non-current liabilities:
Long-term borrowings 803,705,226.72 849,636,078.25
Bonds payable
Long-term payables 10,712,420.53 11,136,124.62
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 814,417,647.25 860,772,202.87
Total liabilities 3,069,730,549.44 2,205,659,330.52
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 1,011,660,000.00 1,011,660,000.00
Capital reserves 978,244,858.10 978,244,858.10
Less: Treasury stock
Specific reserves
Surplus reserves 4,974,391.15 4,974,391.15
Provisions for general risks
Retained profits -352,575,740.55 -369,154,405.36
Foreign exchange difference 10,887,542.15 9,651,254.84
Total equity attributable to owners of
1,653,191,050.85 1,635,376,098.73
the Company
Minority interests -127,675,515.06 -128,264,600.95
Total owners’ (or shareholders’) equity 1,525,515,535.79 1,507,111,497.78
Total liabilities and owners’ (or
4,595,246,085.23 3,712,770,828.30
shareholders’) equity
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
2. Balance sheet of the Company
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 240,843,962.33 223,827,179.97
Transactional financial assets
Notes receivable
Accounts receivable 5,458,936.93 13,663,339.96
Accounts paid in advance 7,201,869.57 55,500.00
Interest receivable
Dividend receivable
Other accounts receivable 668,717,918.69 343,568,799.28
Inventories 2,240,185,505.38 1,844,523,622.50
Non-current assets due within 1 year
Other current assets 16,343,739.90
Total current assets 3,178,751,932.80 2,425,638,441.71
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 328,396,683.90 298,396,683.90
Investing property 412,531,770.69 426,426,812.91
Fixed assets 31,983,340.13 33,944,334.56
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 1,499,766.78 327,266.75
R&D expense
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Goodwill
Long-term deferred expenses 147,058.50 189,456.15
Deferred income tax assets 6,814.20 6,814.20
Other non-current assets 735,190.76 1,376,400.00
Total of non-current assets 775,300,624.96 760,667,768.47
Total assets 3,954,052,557.76 3,186,306,210.18
Current liabilities:
Short-term borrowings 70,000,000.00
Transactional financial liabilities
Notes payable
Accounts payable 18,076,731.39 24,195,725.69
Accounts received in advance 1,133,523,524.50 280,272,668.00
Employee’s compensation payable 6,910,763.51 10,848,111.62
Tax payable 4,793,125.74 6,204,121.44
Interest payable 16,535,277.94 18,020,083.50
Dividend payable
Other accounts payable 653,585,124.16 608,165,106.86
Non-current liabilities due within 1
344,448,750.02 299,261,270.80
year
Other current liabilities
Total current liabilities 2,177,873,297.26 1,316,967,087.91
Non-current liabilities:
Long-term borrowings 570,715,874.49 649,636,078.25
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 570,715,874.49 649,636,078.25
Total liabilities 2,748,589,171.75 1,966,603,166.16
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 1,011,660,000.00 1,011,660,000.00
Capital reserves 978,244,858.10 978,244,858.10
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Less: Treasury stock
Specific reserves
Surplus reserves
Provisions for general risks
Retained profits -784,441,472.09 -770,201,814.08
Foreign exchange difference
Total owners’ (or shareholders’) equity 1,205,463,386.01 1,219,703,044.02
Total liabilities and owners’ (or
3,954,052,557.76 3,186,306,210.18
shareholders’) equity
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
3. Consolidated income statement for the reporting period
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 154,286,475.60 260,092,023.21
Including: Sales income 154,286,475.60 260,092,023.21
II. Total operating cost 151,445,351.40 229,692,873.52
Including: Cost of sales 121,135,903.01 198,307,415.26
Business tax and surcharges 10,752,288.56 13,766,085.08
Sales expenses 5,012,467.40 2,686,916.96
Administration expenses 15,731,770.77 13,902,482.50
Financial expenses -1,187,078.34 1,029,973.72
Add: gain/(loss) from change in
0.00
fair value (“-” means loss)
Gain/(loss) from investment (“-”
0.00
means loss)
III. Business profit (“-” means loss) 2,841,124.20 30,399,149.69
Add: non-operating income 3,007,255.65 13,330.50
Less: non-operating expense 83,072.36 116,923.10
Including: loss from non-current
65,147.31 12,306.83
asset disposal
IV. Total profit (“-” means loss) 5,765,307.49 30,295,557.09
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Less: Income tax expense 2,195,533.09 6,921,279.56
V. Net profit (“-” means loss) 3,569,774.40 23,374,277.53
Including: Net profit achieved by
combined parties before the 0.00
combinations
Attributable to owners of the
3,528,324.44 23,328,496.44
Company
Minority shareholders’ income 41,449.96 45,781.09
VI. Earnings per share -- --
(I) Basic earnings per share 0.003 0.02
(II) Diluted earnings per share 0.003 0.02
Ⅶ. Other comprehensive incomes -21,787.53 -230,313.25
Ⅷ. Total comprehensive incomes 3,547,986.87 23,143,964.28
Attributable to owners of the
3,548,637.90 23,159,028.66
Company
Attributable to minority
-651.03 -15,064.38
shareholders
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
4. Income statement of the Company for the reporting period
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 12,317,621.10 17,438,099.54
Less: cost of sales 5,313,615.63 5,676,010.54
Business taxes and surcharges 2,265,397.22 2,832,560.68
Distribution expenses 3,473,100.44 1,407,623.71
Administrative expenses 7,823,257.94 6,442,126.39
Financial costs -961,752.67 -701,658.21
Add: gain/(loss) from change in fair
0.00
value (“-” means loss)
Gain/(loss) from investment (“-” means
0.00
loss)
II. Business profit (“-” means loss) -5,595,997.46 1,781,436.43
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Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Add: non-business income 540,000.00
Less: non-business expense 20,000.00 15,000.00
Including: loss from non-current asset
0.00
disposal
III. Total profit (“-” means loss) -5,075,997.46 1,766,436.43
IV. Net profit (“-” means loss) -5,075,997.46 1,766,436.43
V. Earnings per share -- --
VI. Total comprehensive incomes -5,075,997.46 1,766,436.43
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 474,974,336.20 707,456,226.28
Including: Sales income 474,974,336.20 707,456,226.28
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 456,474,970.22 623,831,221.77
Including: Cost of sales 367,842,905.73 508,790,024.38
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 35,287,444.46 58,482,168.79
Selling and distribution expenses 11,892,013.30 8,943,293.19
18
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Administrative expenses 43,214,713.06 43,165,905.68
Financial expenses -1,762,106.33 4,449,829.73
Asset impairment loss
Add: Gain/(loss) from change in fair
0.00
value (“-” means loss)
Gain/(loss) from investment (“-”
50,000.00
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 18,499,365.98 83,675,004.51
Add: non-operating income 6,532,696.24 76,292.34
Less: non-operating expense 178,836.68 165,481.37
Including: loss from non-current asset
71,659.29 21,482.63
disposal
IV. Total profit (“-” means loss) 24,853,225.54 83,585,815.48
Less: Income tax expense 8,215,293.36 20,103,622.75
V. Net profit (“-” means loss) 16,637,932.18 63,482,192.73
Including: Net profit achieved by
combined parties before the 0.00 0.00
combinations
Attributable to owners of the
16,578,664.81 63,412,594.53
Company
Minority shareholders’ income 59,267.37 69,598.20
VI. Earnings per share -- --
(I) Basic earnings per share 0.0164 0.0627
(II) Diluted earnings per share 0.0164 0.0627
Ⅶ. Other comprehensive incomes 1,766,105.83 -306,532.84
Ⅷ. Total comprehensive incomes 18,404,038.01 63,175,659.89
Attributable to owners of the
17,814,952.12 63,198,021.54
Company
Attributable to minority
589,085.89 -22,361.65
shareholders
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
19
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 37,606,463.46 52,617,000.78
Less: cost of sales 16,369,664.47 18,749,040.41
Business taxes and surcharges 7,234,494.54 8,340,361.92
Distribution expenses 7,616,779.02 3,591,038.63
Administrative expenses 21,027,724.93 20,034,755.36
Financial costs 153,816.04 -2,066,680.05
Impairment loss
Add: gain/(loss) from change in fair
0.00
value (“-” means loss)
Gain/(loss) from investment (“-” means
0.00
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) -14,796,015.54 3,968,484.51
Add: non-business income 602,002.01 30,231.00
Less: non-business expense 45,644.48 15,000.00
Including: loss from non-current asset
4,644.48
disposal
III. Total profit (“-” means loss) -14,239,658.01 3,983,715.51
Less: income tax expense
IV. Net profit (“-” means loss) -14,239,658.01 3,983,715.51
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other comprehensive income
VII. Total comprehensive income -14,239,658.01 3,983,715.51
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
20
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
1,483,769,682.66 654,720,138.94
commodities and rendering of service
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received
Other cash received relating to
106,617,272.26 61,616,695.25
operating activities
Subtotal of cash inflows from operating
1,590,386,954.92 716,336,834.19
activities
Cash paid for goods and services 1,300,977,015.14 662,848,364.31
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
21
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 94,193,239.01 79,966,576.87
Various taxes paid 98,805,138.07 88,014,987.65
Other cash payment relating to
108,723,806.95 80,441,069.28
operating activities
Subtotal of cash outflows from
1,602,699,199.17 911,270,998.11
operating activities
Net cash flows from operating activities -12,312,244.25 -194,934,163.92
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
0.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 7,524,637.46 16,500.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
7,524,637.46 16,500.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 2,868,316.09 4,163,753.00
assets
Cash paid for investment
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
2,868,316.09 4,163,753.00
investing activities
Net cash flows from investing activities 4,656,321.37 -4,147,253.00
22
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 292,989,352.23 576,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
25,000,000.00
financing activities
Subtotal of cash inflows from financing
317,989,352.23 576,000,000.00
activities
Repayment of borrowings 370,316,902.32 301,272,355.34
Cash paid for interest expenses and
58,321,427.21 50,962,682.58
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
428,638,329.53 352,235,037.92
financing activities
Net cash flows from financing activities -110,648,977.30 223,764,962.08
IV. Effect of foreign exchange rate
-311,776.15 357,399.55
changes on cash and cash equivalents
V. Net increase in cash and cash
-118,616,676.33 25,040,944.71
equivalents
Add: Opening balance of cash and
463,713,702.77 324,967,185.86
cash equivalents
VI. Closing balance of cash and cash
345,097,026.44 350,008,130.57
equivalents
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
23
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
898,487,340.22 48,007,162.14
commodities and rendering of service
Tax refunds received
Other cash received relating to
85,583,854.13 305,701,687.85
operating activities
Subtotal of cash inflows from operating
984,071,194.35 353,708,849.99
activities
Cash paid for goods and services 468,167,038.09 215,887,260.25
Cash paid to and for employees 27,082,382.25 24,035,928.18
Various taxes paid 36,863,142.63 11,340,345.22
Other cash payment relating to
244,001,605.68 328,004,129.50
operating activities
Subtotal of cash outflows from
776,114,168.65 579,267,663.15
operating activities
Net cash flows from operating activities 207,957,025.70 -225,558,813.16
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
0.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
0.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 2,067,052.09 448,597.00
assets
Cash paid for investment 30,000,000.00
Net cash paid to acquire subsidiaries
0.00
and other business units
24
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Other cash payments relating to
0.00
investing activities
Subtotal of cash outflows from
32,067,052.09 448,597.00
investing activities
Net cash flows from investing activities -32,067,052.09 -448,597.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
240,000,000.00 450,000,000.00
bonds
Other cash received relating to
25,000,000.00 0.00
financing activities
Subtotal of cash inflows from financing
265,000,000.00 450,000,000.00
activities
Repayment of borrowings 344,316,902.32 141,272,355.34
Cash paid for interest expenses and
46,553,882.32 45,225,318.69
distribution of dividends or profit
Other cash payments relating to
0.00
financing activities
Sub-total of cash outflows from
390,870,784.64 186,497,674.03
financing activities
Net cash flows from financing activities -125,870,784.64 263,502,325.97
IV. Effect of foreign exchange rate
-477.47 -264.10
changes on cash and cash equivalents
V. Net increase in cash and cash
50,018,711.50 37,494,651.71
equivalents
Add: Opening balance of cash and
190,825,250.83 144,779,100.65
cash equivalents
VI. Closing balance of cash and cash
240,843,962.33 182,273,752.36
equivalents
Legal representative: Zhou Jianguo Person-in-charge of the accounting work: Wei Hanping
Chief of the accounting division: Tang Xiaoping
25
Report for the Third Quarter of 2013 of Shenzhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
26