Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Shenzhen International Enterprise Co., Ltd.
Report for the Third Quarter of 2014
October 2014
1
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management
staff of Shenzhen International Enterprise 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.
Zheng Kanghao, the company principal, Chen Xiaohai, chief of the accounting work, and Xu Xiaoyun, 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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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
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. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 7,961,401,167.33 7,803,283,696.00 2.03%
Net assets attributable to
shareholders of the Company 2,078,009,469.68 2,236,808,854.06 -7.10%
(RMB Yuan)
YoY
YoY
Jul.-Sept. 2014 increase/decrease Jan.-Sept. 2014
increase/decrease (%)
(%)
Operating revenues (RMB
34,909,671.86 636.30% 72,261,788.51 323.82%
Yuan)
Net profit attributable to
shareholders of the Company -61,848,591.79 -102.51% -158,799,384.38 -106.55%
(RMB Yuan)
Net profit attributable to
shareholders of the Company
-61,767,680.13 252.41% -156,753,646.02 201.79%
after extraordinary gains and
losses (RMB Yuan)
Net cash flows from operating
-- -- -286,256,435.27 -14.26%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) -0.23 -102.06% -0.60 -105.47%
Diluted EPS (RMB Yuan/share) -0.23 -102.06% -0.60 -105.47%
Weighted average ROE (%) -2.93% -101.32% -7.36% -103.43%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Amount as of Jan.-Sept.
Item Note
2014
Mainly were the gains from the
Gains/losses on the disposal of non-current assets (including
6,150.67 disposal of the abandoned fixed
the offset part of asset impairment provisions)
assets
Other non-operating income and expenses than the above -3,400,883.41 Mainly were the withdrawal of
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
the liquidated damages etc.
Minority interests effects (after tax) -1,348,994.38
Total -2,045,738.36 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Extraordinary Gains and
Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
There was no such situation of the reporting period of the Company.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common
21,032
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted Number of
shareholder shareholder percentage (%) shares held Status of shares
shares held shares
MULTI PROFIT
ASIA PACIFIC Foreign
13.70% 36,317,030 0 Pledge 36,312,000
INVESTMENT corporation
LTD
SHENZHEN
WONGTEE Domestic
REAL ESTATE non-state-owne 5.07% 13,450,144 0 Pledge 13,439,010
INVESTMENT d corporation
CO., LTD.
Foreign
Zhong Zhiqiang 3.72% 9,858,713 0
individual
BOCI
Foreign
SECURITIES 3.26% 8,635,782 0
corporation
LIMITED
WONGTEE IN
Foreign
TERNATIONA 1.84% 4,876,626 0 Pledge 4,173,300
corporation
L GROUP LTD
Appointed Other 1.00% 2,640,000 0
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
repurchased
special account
of Guoyuan
Securities Co.,
Ltd.
Domestic
Chen Shu 0.97% 2,579,193 0
individual
Domestic
Zeng Haixing 0.97% 2,578,458 0
individual
CREDIT
SUISSE AG Foreign
0.72% 1,918,489 0
HONG KONG corporation
BRANCH
Shanghai
Wanguo Foreign
0.69% 1,841,302 0
Securities (Hong corporation
Kong)
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
Domestically
MULTI PROFIT ASIA PACIFIC
36,317,030 listed foreign 36,317,030
INVESTMENT LTD
share
SHENZHEN WONGTEE REAL
RMB ordinary
ESTATE INVESTMENT CO., 13,450,144 13,450,144
share
LTD.
Domestically
Zhong Zhiqiang 9,858,713 listed foreign 9,858,713
share
Domestically
BOCI SECURITIES LIMITED 8,635,782 listed foreign 8,635,782
share
Domestically
WONGTEE INTERNATIONAL
4,876,626 listed foreign 4,876,626
GROUP LTD
share
Appointed repurchased special
RMB ordinary
account of Guoyuan Securities Co., 2,640,000 2,640,000
share
Ltd.
Domestically
Chen Shu 2,579,193 2,579,193
listed foreign
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
share
Domestically
Zeng Haixing 2,578,458 listed foreign 2,578,458
share
Domestically
CREDIT SUISSE AG HONG
1,918,489 listed foreign 1,918,489
KONG BRANCH
share
Domestically
Shanghai Wanguo Securities (Hong
1,841,302 listed foreign 1,841,302
Kong)
share
Inquired by the Company, the chairman of the Board of the Company--Mr. Zheng
Kanghao, Multi Profit Asia Pacific, Shenzhen Wongtee Real Estate Investment Co., Ltd.
and Wongtee International Group Co., Ltd. were persons acting in concert, which owns
Explanation on associated the stocks of the Company with the total amount of 55,329,613 shares, accounting for
relationship or persons acting in 20.87% of the total shares of the Company. Zhong Zhiqiang, Chen Shu, Zeng Haixing,
concert among the Tan Guanqiang and Zhao Chongyue are persons acting in concert and up to 30 Sep. 2014,
above-mentioned shareholders they total held 16,855,049 shares of the B share, which accounted for 6.358% of the share
capital of the Company. Other than that, it is unknown whether there were other related
relations or action-in-concert regulated in Administrative Measures for Takeover of Listed
Companies among the above shareholders.
Top 10 Shareholders taking part in
margin financing and securities Naught
lending (if any
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise 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
√ Applicable □ Inapplicable
Asset Increase/decrease
30 Sept. 2014 31 Dec. 2013 Main reason for the change
(%)
Accounts payable 108,983,214.00 350,937,897.87 -68.95% Construction of Wongtee
Plaza was completed and
part of the construction
amount was paid.
Other payables 979,472,395.09 571,826,282.57 71.29% The Company borrowed
from the majority
shareholder to fill the capital
gap.
Operating revenues 72,261,788.51 17,050,219.72 323.82% Business incomes, operating
Operating costs 46,275,615.97 14,155,356.93 226.91% costs, taxes and the like of
Wongtee Plaza increased.
Business tax and surtaxes 2,528,195.37 554,545.66 355.90%
Selling expenses 13,216,729.56 8,488,265.87 55.71% The business solicitation and
advertising expense of
Wongtee Plaza increased.
Financial expenses 215,401,628.58 40,643,804.12 429.97% Interest capitalization ceased
and borrowings increased
after construction of
Wongtee Plaza was
completed.
Net cash flows from investing -97,641,223.65 539,301.00 -18205.14% The decoration subsidies of
activities Wongtee Plaza were paid.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
√ Applicable □ Inapplicable
1. Progress of Wongtee International Enterprise Shopping Plaza (hereinafter referred to as “Wongtee Plaza”)
During the reporting period, as the operation of Wongtee Plaza gradually developed more and more benign, as well as accompanied
with the grand opening of H&M and Grandma’s Home etc, the popularity and the sales volume of Wongtee Plaza enhanced steadily.
Up to 30 Sep. 2014, the total area of ascertainable commercial tenants of enterprise-establishing of the whole floors of Wongtee Plaza
(including the situations such as contract signing, letters of intent and to-sign agreement after the negotiation) was covered about
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
83% of the rentable area of Wongtee Plaza, of which the area of the commercial tenants which had signed the contracts of the
rentable area was of about 75%, with the opening ratio of about 54%. Wongtee Plaza further exerted the advantage of the widely
atrium, regularly planed and held the market promotion activities including the special planning on Chinese Valentine's Day,
Merchants Thanks Will of Wongtee Plaza, H&M art T-shirt and large food festival etc, thus the popularity and brand effect of
Wongtee Plaza were both enhanced.
2. Recently, the Company planed the non-public offering events, and held the 2nd Extraordinary General Meeting of 2014 on 26 Sep.
2014, at which reviewed and approved the relevant proposals, such offering still subject to the approval of China Securities
Regulatory Commission. For the details, please refer to the relevant announcements on the appointed disclose media such as
Securities Times, HK Ta Kung Pao, www.cninfo.com.cn and the Company would carry out the subsequent information disclose work
strictly according to the laws and regulations timely.
Index to the relevant announcement
Overview of the significant event Date of disclosure
disclosed on the website
The case on stock rights disputes 26 Oct. 2011 2011-37
between Rongfa Company and 22 Feb. 2012 2012-07
Yahaoyuan: plaintiff, Rongfa Company
12 Dec. 2012 2012-68
had instituted proceedings about the
equity transfer issue between the
defendant, Shenzhen Yahaoyuan
Investment Company and Rongfa
Company to the court, with the third
party was Shenzhen Easter Land
Company. The result of the first-instant
judgment was to reject the lawsuit appeal
of the plaintiff. After that, Rongfa
Company instituted an appeal to the
court. Decision in the ruling paper of
second instance was to maintain the
first-instant judgment ([2012] SZFSZI
No. 657) of the “Paper of Civil
Judgment”. In view of the recognition of
20 Apr. 2013 2013-07
the No. 657 Judgment: the 40,000 m2
land in equity transfer agreement was
divesting. It was invalid to the
regulations in this clause. The court
suggested us to seek for other legal
approaches. Therefore, we appealed to
Longgang Court as follows: 1. Defendant
compensates prosecutor discounted
amount of 11,000,000 Yuan immediately
(subject to assessment); 2. Defendant
compensates prosecutor 15,000,000 Yuan
immediately (including invest capital and
interests of 4,000,000 Yuan, human cost
and anticipated profits of 11,000,000
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Yuan. The interest loss would be
calculated from pay day to the day
receiving compensation payments etc.
The Easter Land Company appealed to
Rongfa Company about a chose in
possession restitution case, the case
caused by the aforesaid case on stock
rights disputes between Rongfa Company
and Yahaoyuan. In Aug. 2013 the
Shenzhen Eastern Land Group because of
the aforesaid No. 657 judgment: “The
stripping assets of the terms of the
supplementary contract of equity transfer
agreement is invalid”. In order to
prosecute to the court of Longgang, the
litigation request is: 1. the defendant
return commerce-residence building
house Xieli Garden z7 located in Longhe
24 Aug. 2013 2013-30
Road, Longgang District of Shenzhen to
plaintiff. 2. All the cost of the case shall
be borne by the defendant. The plaintiffs
change the first lawsuit request into: the
defendant return commerce-residence
building house Xieli Garden z7 located in
Longhe Road, Longgang District of
Shenzhen to plaintiff, if the defendant
actually can not return it, then the
defendant in accordance with the real
estate value reimburse to the plaintiff
(temporary plan of RMB 30 million, the
specific amount will be subject to court
the present value of the above property
assessment value) ".
10 people including Yang XX 5 Sep. 2012 2012-53
successively sued Rongfa Company and
22 Feb. 2014 2014-06
Urban Planning, Land and Resources
Commission of Shenzhen Municipality
for another claim regarding the internal
shop subscription issue. General situation
of claims: 1. Clause in First 17 Sep. 2014 2014-48
Complementary Agreement of SDHZ
(2002) 9005 Shenzhen Land Use Right
Granting Contract signed by two
defendants, “only for whole transfer
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
without separating property proprietary
certificate”, is invalid; 2. Defendant
would undertake all litigation costs. After
that, during the duration of hearings, the
plaintiff changed the first claims, which
changed into: rescinded the agreement of
SDHZ (2002) 9005 Shenzhen Land Use
Right Granting Contract signed by two
defendants, “only for whole transfer
without separating property proprietary
certificate” that signed between the two
plaintiffs. The result of the first-instant
judgment of the case was to the reject the
claims of the 10 people including Yang
XX, and after that, 6 people including
Yang XX filed an appeal to the court, of
which the result of the second-instant
judgment was to reject the appeal as well
as to maintain the first-instant judgment.
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
√ Applicable □ Inapplicable
Time of
Commitment Period of
Commitment Contents making Fulfillment
maker commitment
commitment
Commitments made in a share reform
The obligor
for
information
disclosure
shall not
reduce the
shares of Strictly fulfill
Commitments made in an acquisition Zheng
Multi Profit 6 Aug. 2010 60 months the
report or a report on equity changes Kanghao
Asia Pacific commitments
Investment
Ltd. Held the
obligor from
this
acquisition or
reduce the
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
shares of
SZIEC
indirectly held
by the obligor
from this
acquisition
within the
future 60
months.
Commitments made in asset
reorganization
Commitments made in the first public
offering or refinancing.
Other commitments made to minority
shareholders
Executed in time or not? Yes
Detailed reason for failing to execute
Naught
and the plan for the next step (If any)
IV. Predict the 2014 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the
year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as
explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
□Applicable √Inapplicable
The Company was not involved in any securities investment of the reporting period.
VI. Investments in derivatives
□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.
VII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Main discussion and
Time Place Way of reception Visitor type Visitor materials provided by the
Company
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
a senior analyst
of real estate
industry of
Founder
Conference Securities Co., Recent operation of the
15 Sep. 2014 Room of the Field research Institution Ltd. and Company, rental charge
Company researchers of of Wongtee Plaza etc.
Research Dept.
of Bosera Fund
Management
Co.,Ltd.
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 33,875,679.69 9,357,753.34
Settlement reserves 0.00 0.00
Intra-group lendings 0.00 0.00
Financial assets measured at fair
value and of which changes are 0.00 0.00
recorded into current gains and losses
Notes receivable 0.00 0.00
Accounts receivable 22,692,943.26 2,291,658.84
Accounts paid in advance 1,691,275.49 714,670.23
Premiums receivable 0.00 0.00
Reinsurance premiums receivable 0.00 0.00
Receivable reinsurance contract
0.00 0.00
reserves
Interest receivable 0.00 0.00
Dividend receivable 0.00 0.00
Other accounts receivable 36,201,994.29 12,022,195.79
Financial assets purchased under
0.00 0.00
agreements to resell
Inventories 39,446,099.15 43,338,585.36
Assets held for sale 0.00 0.00
Non-current assets due within 1
0.00 0.00
year
Other current assets 0.00 0.00
Total current assets 133,907,991.88 67,724,863.56
Non-current assets:
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Loans by mandate and advances
0.00 0.00
granted
Available-for-sale financial assets 0.00 0.00
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investment 0.00 0.00
Investing property 7,652,624,300.00 7,652,624,300.00
Fixed assets 60,371,370.00 61,787,209.01
Construction in progress 13,982,993.00 1,742,560.00
Engineering materials 0.00 0.00
Disposal of fixed assets 0.00 0.00
Production biological assets 0.00 0.00
Oil-gas assets 0.00 0.00
Intangible assets 915,569.57 608,765.01
R&D expense 0.00 0.00
Goodwill 0.00 0.00
Long-term deferred expenses 98,898,941.88 8,224,765.42
Deferred income tax assets 0.00 0.00
Other non-current assets 700,001.00 10,571,233.00
Total of non-current assets 7,827,493,175.45 7,735,558,832.44
Total assets 7,961,401,167.33 7,803,283,696.00
Current liabilities:
Short-term borrowings 9,380,000.00 1,225,000,000.00
Borrowings from Central Bank 0.00 0.00
Customer bank deposits and due to
0.00 0.00
banks and other financial institutions
Intra-group borrowings 0.00 0.00
Financial liabilities measured at
fair value and of which changes are 0.00 0.00
recorded into current gains and losses
Notes payable 0.00 0.00
Accounts payable 108,983,214.00 350,937,897.87
Accounts received in advance 6,369,328.14 5,828,277.16
Financial assets sold for repurchase 0.00 0.00
Handling charges and commissions 0.00 0.00
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
payable
Employee’s compensation payable 3,384,010.91 11,129,805.44
Tax payable 1,975,856.48 14,436,756.94
Interest payable 4,762,733.43 4,933,133.33
Dividend payable 5,127,701.36 5,127,701.36
Other accounts payable 979,472,395.09 571,826,282.57
Reinsurance premiums payable 0.00 0.00
Insurance contract reserves 0.00 0.00
Payables for acting trading of
0.00 0.00
securities
Payables for acting underwriting of
0.00 0.00
securities
Liabilities held for sale 0.00 0.00
Non-current liabilities due within 1
26,000,000.00 93,710,000.00
year
Other current liabilities 0.00 0.00
Total current liabilities 1,145,455,239.41 2,282,929,854.67
Non-current liabilities:
Long-term borrowings 2,159,000,000.00 600,000,000.00
Bonds payable 0.00 0.00
Long-term payables 0.00 0.00
Specific payables 0.00 0.00
Estimated liabilities 73,026,505.71 86,491,251.25
Deferred income tax liabilities 1,377,893,238.97 1,365,552,731.65
Other non-current liabilities 0.00 0.00
Total non-current liabilities 3,609,919,744.68 2,052,043,982.90
Total liabilities 4,755,374,984.09 4,334,973,837.57
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 265,081,420.00 220,901,184.00
Capital reserves 24,307,897.00 68,488,133.00
Less: Treasury stock 0.00 0.00
Specific reserves 0.00 0.00
Surplus reserves 125,929,834.48 125,929,834.48
Provisions for general risks 0.00 0.00
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Retained profits 1,662,690,318.20 1,821,489,702.58
Foreign exchange difference 0.00 0.00
Total equity attributable to owners of
2,078,009,469.68 2,236,808,854.06
the Company
Minority interests 1,128,016,713.56 1,231,501,004.37
Total owners’ (or shareholders’)
3,206,026,183.24 3,468,309,858.43
equity
Total liabilities and owners’ (or
7,961,401,167.33 7,803,283,696.00
shareholders’) equity
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
2. Balance sheet of the Company
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 184,264.19 1,199,483.66
Financial assets measured at fair
value and of which changes are 0.00 0.00
recorded into current gains and losses
Notes receivable 0.00 0.00
Accounts receivable 0.00 0.00
Accounts paid in advance 1,000,000.00 0.00
Interest receivable 0.00 0.00
Dividend receivable 0.00 0.00
Other accounts receivable 94,872,503.31 85,620,482.59
Inventories 0.00 0.00
Assets held for sale 0.00 0.00
Non-current assets due within 1
0.00 0.00
year
Other current assets 0.00 0.00
Total current assets 96,056,767.50 86,819,966.25
Non-current assets:
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Available-for-sale financial assets 0.00 0.00
Held-to-maturity investments 0.00 0.00
Long-term accounts receivable 0.00 0.00
Long-term equity investment 40,896,718.10 40,896,718.10
Investing property 4,972,400.00 4,972,400.00
Fixed assets 6,414,614.15 6,663,175.93
Construction in progress 0.00 0.00
Engineering materials 0.00 0.00
Disposal of fixed assets 0.00 0.00
Production biological assets 0.00 0.00
Oil-gas assets 0.00 0.00
Intangible assets 245,333.38 341,333.34
R&D expense 0.00 0.00
Goodwill 0.00 0.00
Long-term deferred expenses 0.00 0.00
Deferred income tax assets 0.00 0.00
Other non-current assets 0.00 0.00
Total of non-current assets 52,529,065.63 52,873,627.37
Total assets 148,585,833.13 139,693,593.62
Current liabilities:
Short-term borrowings 0.00 0.00
Financial liabilities measured at
fair value and of which changes are 0.00 0.00
recorded into current gains and losses
Notes payable 0.00 0.00
Accounts payable 0.00 0.00
Accounts received in advance 40,000.00 50,000.00
Employee’s compensation payable 1,911,839.40 4,308,690.42
Tax payable 154,688.03 11,086,303.87
Interest payable 0.00 0.00
Dividend payable 5,127,701.36 5,127,701.36
Other accounts payable 58,596,969.56 33,790,864.47
Liabilities held for sale 0.00 0.00
Non-current liabilities due within 1
0.00 0.00
year
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Other current liabilities 0.00 0.00
Total current liabilities 65,831,198.35 54,363,560.12
Non-current liabilities:
Long-term borrowings 0.00 0.00
Bonds payable 0.00 0.00
Long-term payables 0.00 0.00
Specific payables 0.00 0.00
Estimated liabilities 0.00 0.00
Deferred income tax liabilities 1,799,954.57 1,799,954.57
Other non-current liabilities 0.00 0.00
Total non-current liabilities 1,799,954.57 1,799,954.57
Total liabilities 67,631,152.92 56,163,514.69
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 265,081,420.00 220,901,184.00
Capital reserves 20,771,208.59 64,951,444.59
Less: Treasury stock 0.00 0.00
Specific reserves 0.00 0.00
Surplus reserves 96,841,026.39 96,841,026.39
Provisions for general risks 0.00 0.00
Retained profits -301,738,974.77 -299,163,576.05
Foreign exchange difference 0.00 0.00
Total owners’ (or shareholders’)
80,954,680.21 83,530,078.93
equity
Total liabilities and owners’ (or
148,585,833.13 139,693,593.62
shareholders’) equity
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
3. Consolidated income statement for the reporting period
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total operating revenues 34,909,671.86 4,741,202.27
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Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Including: Sales income 34,909,671.86 4,741,202.27
Interest income 0.00 0.00
Premium income 0.00 0.00
Handling charge and
0.00 0.00
commission income
II. Total operating cost 123,334,865.12 34,084,537.01
Including: Cost of sales 23,841,740.71 4,450,654.72
Interest expenses 0.00 0.00
Handling charge and
0.00 0.00
commission expenses
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount withdrawn for the
0.00 0.00
insurance contract reserve
Expenditure on policy
0.00 0.00
dividends
Reinsurance premium 0.00 0.00
Taxes and associate charges 738,120.09 -416,230.50
Selling and distribution
5,808,157.33 2,740,060.40
expenses
Administrative expenses 14,690,072.64 14,432,012.70
Financial expenses 75,194,273.87 12,998,486.48
Asset impairment loss 3,062,500.48 -120,446.79
Add: Gain/(loss) from change in
0.00 5,512,866,905.80
fair value (“-” means loss)
Gain/(loss) from investment
0.00 0.00
(“-” means loss)
Including: share of profits in
0.00 0.00
associates and joint ventures
Foreign exchange gains (“-”
0.00 0.00
means loss)
III. Business profit (“-” means loss) -88,425,193.26 5,483,523,571.06
Add: non-operating income -80,194.22 7,700.84
Less: non-operating expense 50,338.22 -24,094.48
Including: loss from
0.00 0.00
non-current asset disposal
19
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
IV. Total profit (“-” means loss) -88,555,725.70 5,483,555,366.38
Less: Income tax expense 12,340,507.32 1,378,216,726.45
V. Net profit (“-” means loss) -100,896,233.02 4,105,338,639.93
Including: Net profit achieved by
combined parties before the 0.00 0.00
combinations
Attributable to owners of the
-61,848,591.79 2,463,282,915.41
Company
Minority shareholders’ income -39,047,641.23 1,642,055,724.52
VI. Earnings per share -- --
(I) Basic earnings per share -0.23 11.15
(II) Diluted earnings per share -0.23 11.15
Ⅶ. Other comprehensive incomes 0.00 0.00
Including: Other comprehensive
incomes items that cannot be
0.00 0.00
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes
items that will be reclassified as gains
and losses in the subsequent 0.00 0.00
accounting periods as relevant
requirements are met
Ⅷ. Total comprehensive incomes -100,896,233.02 4,105,338,639.93
Attributable to owners of the
-100,896,233.02 4,105,338,639.93
Company
Attributable to minority
0.00 0.00
shareholders
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
4. Income statement of the Company for the reporting period
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total sales 12,000.00 12,000.00
Less: cost of sales 0.00 0.00
20
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Business taxes and surcharges 0.00 448.80
Distribution expenses 0.00 0.00
Administrative expenses 5,548,249.22 6,457,165.68
Financial costs -4,218,415.31 -6,368,866.65
Impairment loss 0.00 0.00
Add: gain/(loss) from change in
0.00 0.00
fair value (“-” means loss)
Gain/(loss) from investment (“-”
0.00 0.00
means loss)
Including: income form
investment on associates and joint 0.00 0.00
ventures
II. Business profit (“-” means loss) -1,317,833.91 -76,747.83
Add: non-business income 0.00 0.00
Less: non-business expense 0.00 0.00
Including: loss from non-current
0.00 0.00
asset disposal
III. Total profit (“-” means loss) -1,317,833.91 -76,747.83
Less: income tax expense 0.00 0.00
IV. Net profit (“-” means loss) -1,317,833.91 -76,747.83
V. Earnings per share -- --
(I) Basic earnings per share 0.00 0.00
(II) Diluted earnings per share 0.00 0.00
VI. Other comprehensive income 0.00 0.00
Including: Other comprehensive
incomes items that cannot be
0.00 0.00
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes
items that will be reclassified as gains
and losses in the subsequent 0.00 0.00
accounting periods as relevant
requirements are met
VII. Total comprehensive income -1,317,833.91 -76,747.83
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
21
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
5. Consolidated income statement for Jan.-Sept. 2014
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total operating revenues 72,261,788.51 17,050,219.72
Including: Sales income 72,261,788.51 17,050,219.72
Interest income 0.00 0.00
Premium income 0.00 0.00
Handling charge and
0.00 0.00
commission income
II. Total operating cost 318,810,223.64 104,649,615.13
Including: Cost of sales 46,275,615.97 14,155,356.93
Interest expenses 0.00 0.00
Handling charge and
0.00 0.00
commission expenses
Surrenders 0.00 0.00
Net claims paid 0.00 0.00
Net amount withdrawn for the
0.00 0.00
insurance contract reserve
Expenditure on policy dividends 0.00 0.00
Reinsurance premium 0.00 0.00
Taxes and associate charges 2,528,195.37 554,545.66
Selling and distribution expenses 13,216,729.56 8,488,265.87
Administrative expenses 38,566,039.01 40,928,089.34
Financial expenses 215,401,628.58 40,643,804.12
Asset impairment loss 2,822,015.15 -120,446.79
Add: Gain/(loss) from change in
0.00 5,512,866,905.80
fair value (“-” means loss)
Gain/(loss) from investment (“-”
0.00 0.00
means loss)
Including: share of profits in
0.00 0.00
associates and joint ventures
Foreign exchange gains (“-”
0.00 0.00
means loss)
III. Business profit (“-” means loss) -246,548,435.13 5,425,267,510.39
22
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Add: non-operating income 274,273.59 21,175.84
Less: non-operating expense 3,669,006.33 5,530,365.74
Including: loss from non-current
0.00 0.00
asset disposal
IV. Total profit (“-” means loss) -249,943,167.87 5,419,758,320.49
Less: Income tax expense 12,340,507.32 1,378,224,124.00
V. Net profit (“-” means loss) -262,283,675.19 4,041,534,196.49
Including: Net profit achieved by
combined parties before the 0.00 0.00
combinations
Attributable to owners of the
-158,799,384.38 2,423,746,298.48
Company
Minority shareholders’ income -103,484,290.81 1,617,787,898.01
VI. Earnings per share -- --
(I) Basic earnings per share -0.60 10.97
(II) Diluted earnings per share -0.60 10.97
Ⅶ. Other comprehensive incomes 0.00 0.00
Including: Other comprehensive
incomes items that cannot be
0.00 0.00
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes
items that will be reclassified as gains
and losses in the subsequent 0.00 0.00
accounting periods as relevant
requirements are met
Ⅷ. Total comprehensive incomes -262,283,675.19 4,041,534,196.49
Attributable to owners of the
-262,283,675.19 4,041,534,196.49
Company
Attributable to minority
0.00 0.00
shareholders
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
6. Income statement of the Company for Jan.-Sept. 2014
Prepared by Shenzhen International Enterprise Co., Ltd.
23
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total sales 47,600.00 45,600.00
Less: cost of sales 0.00 0.00
Business taxes and surcharges 0.00 2,333.76
Distribution expenses 0.00 0.00
Administrative expenses 14,882,522.11 18,342,703.94
Financial costs -12,249,024.49 -19,573,366.40
Impairment loss 0.00 0.00
Add: gain/(loss) from change in
0.00 0.00
fair value (“-” means loss)
Gain/(loss) from investment (“-”
0.00 0.00
means loss)
Including: income form
investment on associates and joint 0.00 0.00
ventures
II. Business profit (“-” means loss) -2,585,897.62 1,273,928.70
Add: non-business income 15,500.00
Less: non-business expense 5,001.10 2,561,321.00
Including: loss from non-current
0.00 0.00
asset disposal
III. Total profit (“-” means loss) -2,575,398.72 -1,287,392.30
Less: income tax expense 0.00 0.00
IV. Net profit (“-” means loss) -2,575,398.72 -1,287,392.30
V. Earnings per share -- --
(I) Basic earnings per share -0.01 -0.01
(II) Diluted earnings per share -0.01 -0.01
VI. Other comprehensive income 0.00 0.00
Including: Other comprehensive
incomes items that cannot be
0.00 0.00
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes
items that will be reclassified as gains
and losses in the subsequent 0.00 0.00
accounting periods as relevant
requirements are met
24
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
VII. Total comprehensive income -2,575,398.72 -1,287,392.30
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating
activities:
Cash received from sale of
40,212,429.46 20,164,167.11
commodities and rendering of service
Net increase of deposits from
0.00 0.00
customers and dues from banks
Net increase of loans from the
0.00 0.00
central bank
Net increase of funds borrowed
0.00 0.00
from other financial institutions
Cash received from premium of
0.00 0.00
original insurance contracts
Net cash received from reinsurance
0.00 0.00
business
Net increase of deposits of policy
0.00 0.00
holders and investment fund
Net increase of disposal of tradable
0.00 0.00
financial assets
Cash received from interest,
0.00 0.00
handling charges and commissions
Net increase of intra-group
0.00 0.00
borrowings
Net increase of funds in repurchase
0.00 0.00
business
Tax refunds received 0.00 0.00
Other cash received relating to
49,003,379.84 33,671,432.58
operating activities
Subtotal of cash inflows from 89,215,809.30 53,835,599.69
25
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
operating activities
Cash paid for goods and services 268,831,103.47 268,324,126.58
Net increase of customer lendings
0.00 0.00
and advances
Net increase of funds deposited in
the central bank and amount due from 0.00 0.00
banks
Cash for paying claims of the
0.00 0.00
original insurance contracts
Cash for paying interest, handling
0.00 0.00
charges and commissions
Cash for paying policy dividends 0.00 0.00
Cash paid to and for employees 38,432,058.43 34,000,095.42
Various taxes paid 2,438,013.13 3,315,778.71
Other cash payment relating to
65,771,069.54 82,056,193.67
operating activities
Subtotal of cash outflows from
375,472,244.57 387,696,194.38
operating activities
Net cash flows from operating
-286,256,435.27 -333,860,594.69
activities
II. Cash flows from investing
activities:
Cash received from withdrawal of
0.00 0.00
investments
Cash received from return on
0.00 0.00
investments
Net cash received from disposal of
fixed assets, intangible assets and 314,950.00 549,989.00
other long-term assets
Net cash received from disposal of
0.00 0.00
subsidiaries or other business units
Other cash received relating to
0.00 0.00
investing activities
Subtotal of cash inflows from
314,950.00 549,989.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 97,956,173.65 10,688.00
assets
26
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Cash paid for investment 0.00 0.00
Net increase of pledged loans 0.00 0.00
Net cash paid to acquire
0.00 0.00
subsidiaries and other business units
Other cash payments relating to
0.00 0.00
investing activities
Subtotal of cash outflows from
97,956,173.65 10,688.00
investing activities
Net cash flows from investing
-97,641,223.65 539,301.00
activities
III. Cash Flows from Financing
Activities:
Cash received from capital
0.00 0.00
contributions
Including: Cash received from
minority shareholder investments by 0.00 0.00
subsidiaries
Cash received from borrowings 3,252,460,000.00 2,327,150,000.00
Cash received from issuance of
0.00 0.00
bonds
Other cash received relating to
0.00 0.00
financing activities
Subtotal of cash inflows from
3,252,460,000.00 2,327,150,000.00
financing activities
Repayment of borrowings 2,660,710,000.00 1,851,500,000.00
Cash paid for interest expenses
174,894,142.30 125,729,279.41
and distribution of dividends or profit
Including: dividends or profit
paid by subsidiaries to minority 0.00 0.00
shareholders
Other cash payments relating to
18,422,464.00 7,542,000.00
financing activities
Sub-total of cash outflows from
2,854,026,606.30 1,984,771,279.41
financing activities
Net cash flows from financing
398,433,393.70 342,378,720.59
activities
IV. Effect of foreign exchange rate
445.09 -401.40
changes on cash and cash equivalents
27
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
V. Net increase in cash and cash
14,536,179.87 9,057,025.50
equivalents
Add: Opening balance of cash
4,981,927.78 4,644,946.98
and cash equivalents
VI. Closing balance of cash and cash
19,518,107.65 13,701,972.48
equivalents
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by Shenzhen International Enterprise Co., Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating
activities:
Cash received from sale of
0.00 0.00
commodities and rendering of service
Tax refunds received 82,522,495.02 48,437,041.08
Other cash received relating to
0.00 0.00
operating activities
Subtotal of cash inflows from
82,522,495.02 48,437,041.08
operating activities
Cash paid for goods and services 0.00 0.00
Cash paid to and for employees 10,834,885.20 11,145,945.05
Various taxes paid 183,036.73 506,160.07
Other cash payment relating to
72,111,097.00 36,749,013.77
operating activities
Subtotal of cash outflows from
83,129,018.93 48,401,118.89
operating activities
Net cash flows from operating
-606,523.91 35,922.19
activities
II. Cash flows from investing
activities:
Cash received from retraction of
0.00 0.00
investments
Cash received from return on 0.00 0.00
28
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
investments
Net cash received from disposal of
fixed assets, intangible assets and 29,500.00 0.00
other long-term assets
Net cash received from disposal of
0.00 0.00
subsidiaries or other business units
Other cash received relating to
0.00 0.00
investing activities
Subtotal of cash inflows from
29,500.00 0.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 438,640.65 10,688.00
assets
Cash paid for investment 0.00 0.00
Net cash paid to acquire
0.00 0.00
subsidiaries and other business units
Other cash payments relating to
0.00 0.00
investing activities
Subtotal of cash outflows from
438,640.65 10,688.00
investing activities
Net cash flows from investing
-409,140.65 -10,688.00
activities
III. Cash Flows from Financing
Activities:
Cash received from capital
0.00 0.00
contributions
Cash received from borrowings 0.00 0.00
Cash received from issuance of
0.00 0.00
bonds
Other cash received relating to
0.00 0.00
financing activities
Subtotal of cash inflows from
0.00 0.00
financing activities
Repayment of borrowings 0.00 0.00
Cash paid for interest expenses
0.00 0.00
and distribution of dividends or profit
Other cash payments relating to
0.00 0.00
financing activities
29
Report for the Third Quarter of 2014 of Shenzhen International Enterprise Co., Ltd.
Sub-total of cash outflows from
0.00 0.00
financing activities
Net cash flows from financing
0.00 0.00
activities
IV. Effect of foreign exchange rate
445.09 -393.86
changes on cash and cash equivalents
V. Net increase in cash and cash
-1,015,219.47 24,840.33
equivalents
Add: Opening balance of cash
1,199,483.66 126,929.23
and cash equivalents
VI. Closing balance of cash and cash
184,264.19 151,769.56
equivalents
Legal representative: Zheng Kanghao Person-in-charge of the accounting work: Chen Xiaohai
Chief of the accounting division: Xu Xiaoyun
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
30