ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2024-48
SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT
(GROUP) LTD.
THIRD QUARTERLY REPORT 2024
ShenZhen Properties & Resources Development (Group) Ltd. (hereinafter referred to as the
“Company”) and all the membe rs of the Company’s Board of Directors hereby guarantee
that the contents of this Report are true, accurate and complete and free of any
misrepresentations, misleading statements or material omissions.
Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior management of the Company
hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions, and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative, head of financial affairs, and head of the financial department (equivalent to financial
manager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
□Yes No
Q3 2024 YoY change (%) Q1-Q3 2024 YoY change (%)
Operating revenue (RM B) 461,778,206.82 -11.51% 1,317,806,652.07 -45.71%
Net profit attributable to the
listed company’s shareholders -5,631,440.84 -153.90% 3,581,016.97 -98.45%
(RM B)
Net profit attributable to the
listed company’s shareholders
before exceptional gains and -2,115,855.29 -118.82% 7,623,172.68 -96.72%
losses (RM B)
Net cash generated from/used
in operating activities (RM B) — — -1,752,947,755.94 -86.56%
Basic earnings per share
(RM B/share) -0.0094 -153.90% 0.0060 -98.45%
Diluted earnings per share
(RM B/share) -0.0094 -153.90% 0.0060 -98.45%
Weighted average return on
equity (%) -0.13% -0.37% 0.08% -5.14%
30 September 2024 31 December 2023 YoY change (%)
Total assets (RM B) 16,116,648,356.93 16,988,062,068.09 -5.13%
Equity attributable to the
listed company’s shareholders 4,478,948,594.89 4,661,810,328.75 -3.92%
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
(RM B)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RM B
Item Q3 2024 Q1-Q3 2024 Note
Gain or loss on disposal of
non-current assets (inclusive
-4,662.27 21,393.70
of impairment allowance
write-offs)
Government grants
recognised in profit or loss
(exclusive of those that are
closely related to the
Company's normal business
One-time government grants
operations and given in 100,000.00 344,448.00
received
accordance with defined
criteria and in compliance
with government policies, and
have a continuing impact on
the Company's profit or loss)
Non-operating income and
-4,331,440.37 -4,288,762.26 Payment of compensation
expense other than the above
Other items that meet the Adjustment of the VAT
definition of exceptional 19,035.81 -834,439.22 deduction accrued in the
gain/loss previous year
Less: Income tax effects -707,263.75 -871,750.65
Non-controlling
interests effects (net of tax) 5,782.48 156,546.58
Total -3,515,585.56 -4,042,155.71 --
Other items that meet the definition of exceptional gain/loss:
Applicable □ Not applicable
Since the VAT deduction preferential policy is valid until 31 December 2023, and this benefit does not have a continuing impact
on the Company’s profit or loss, the adjustment to this matter in 2024 based on the actual number of declaration is included in
exceptional gain/loss.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
Applicable □ Not applicable
Balance
Change
sheet line 30 September 2024 1 January 2024 M ain reasons for the change
(%)
items
M onetary Repayment of maturing borrowings, payment of dividends and
1,170,874,731.75 2,748,798,476.72 -57.40%
assets taxes
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Construction Expenditures related to the renovation and upgrading project of
20,276,462.77 0.00 100.00%
in progress the ITC M all
Short-term 140,043,375.00 230,915,000.00 -39.35% Repayment of short-term borrowings
borrowings
Accounts
326,460,550.08 662,869,059.59 -50.75% Decreased payables for engineering
payable
Advances
from 432,097.72 2,265,223.56 -80.92% Decreased rental advances received
customers
Income
Change
statemnet Q1~Q3 2024 Q1~Q3 2023 M ain reasons for the change
(%)
line items
Operating
1,317,806,652.07 2,427,326,213.70 -45.71% Decreased real estate income carry -over in the current period
revenue
Cost of sales 1,051,029,215.22 1,747,100,763.88 -39.84% Decreased real estate cost carry -over in the current period
Taxes and Higher provisions for land value added tax in the same period of
17,723,090.04 87,090,867.91 -79.65%
levies last year
Selling
14,719,330.07 25,371,890.23 -41.99% Decreased payment of sales agency fees in the current period
expense
Finance
25,895,734.20 36,018,607.75 -28.10% Increased interest income in the current period
costs
Other
3,084,106.20 9,328,789.60 -66.94% Decreased VAT deduction in the current period
income
Return on Decreased return on joint venture investments in the current
54,220.87 2,711,324.32 -98.00% period
investment
Non-
operating 5,081,894.89 3,590,801.08 41.53% Increased payment of compensation in the current period
expense
Income tax
1,220,320.38 85,692,317.44 -98.58% Decreased gross profit in the current period
expense
Other
comprehensi
ve income -
Changes in
the fair Changes in the fair value of investments in other equity
-187,279.28 -309,668.96 39.52%
value of instruments
investments
in other
equity
instruments
Other
comprehensi
ve income -
Differences
arising from
the
-309,994.85 1,890,614.71 -116.40% Exchange rate fluctuations
translation
of foreign
currency-
denominated
financial
statements
Cash flow
Change
statement Q1~Q3 2024 Q1~Q3 2023 M ain reasons for the change
(%)
line items
Net cash
generated
Decreased cash inflows and increased payment of taxes in the
from/used in -1,752,947,755.94 -939,639,052.92 -86.56%
current period
operating
activities
Net cash Decreased new bank loans and increased repayment of maturing
189,441,247.34 431,226,026.33 -56.07%
generated borrowings in the current period
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
from/used in
financing
activities
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of ordinary shareholders at Number of preferred shareholders with resumed
40,688 0
the period-end voting rights at the period-end (if any)
Top 10 shareholders (exclusive of shares lent in refinancing)
Nature of Shareholdin Total shares Restricted Shares in pledge, marked or frozen
Name of shareholder
shareholder g percentage held shares held Status Shares
Shenzhen Investment State-owned
Holdings Corporation corporation 50.87% 303,144,937.00 1,733,626 N/A 0
Shenzhen State- Domestic
Owned Equity non-state-
6.38% 38,037,890.00 0.00 N/A 0
Operation and owned legal
M anagement Co., Ltd. person
China Orient Asset State-owned
2.77% 16,491,402.00 0.00 N/A 0
M anagement Co., Ltd. legal person
Industrial and
Commercial Bank of
China Limited －
Southern China
Securities Full Index Other 0.50% 2,996,834.00 0.00 N/A 0
Real Estate Trading
Open-ended Index
Securities Investment
Fund
Hong Kong Securities
Foreign
Clearing Company 0.43% 2,538,542.00 0.00 N/A 0
legal person
Ltd.
Domestic
Yang Yaochu natural 0.33% 1,970,484.00 0.00 N/A 0
person
Domestic
Duan Shaoteng natural 0.30% 1,760,565.00 0.00 N/A 0
person
Domestic
Li Xinyi natural 0.25% 1,500,000.00 0.00 N/A 0
person
Domestic
M ai Furong natural 0.21% 1,248,596.00 0.00 N/A 0
person
China Universal Asset
M anagement Co.,
Other 0.21% 1,229,200.00 0.00 N/A 0
Ltd.-Social Security
Fund 1103 Portfolio
Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives)
Shares by class and number
Name of shareholder Unrestricted shares held
Class Shares
RM B-
Shenzhen Investment Holdings
301,411,311.00 denominated 301,411,311.00
Corporation
ordinary stock
Shenzhen State-Owned Equity 38,037,890.00 RM B- 38,037,890.00
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Operation and M anagement Co., Ltd. denominated
ordinary stock
RM B-
China Orient Asset M anagement Co.,
16,491,402.00 denominated 16,491,402.00
Ltd.
ordinary stock
Industrial and Commercial Bank of
China Limited － Southern China RM B-
Securities Full Index Real Estate 2,996,834.00 denominated 2,996,834.00
Trading Open-ended Index Securities ordinary stock
Investment Fund
RM B-
Hong Kong Securities Clearing
2,538,542.00 denominated 2,538,542.00
Company Ltd.
ordinary stock
Domestically
Yang Yaochu 1,970,484.00 listed foreign 1,970,484.00
stock
RM B-
Duan Shaoteng 1,760,565.00 denominated 1,760,565.00
ordinary stock
RM B-
Li Xinyi 1,500,000.00 denominated 1,500,000.00
ordinary stock
Domestically
M ai Furong 1,248,596.00 listed foreign 1,248,596.00
stock
China Universal Asset M anagement RM B-
Co., Ltd.-Social Security Fund 1103 1,229,200.00 denominated 1,229,200.00
Portfolio ordinary stock
The first largest shareholder, Shenzhen Investment Holding Corporation,
is the actual controlling shareholder of the Company and Shenzhen
Related or acting-in-concert parties among the
State-Owned Equity Operation and M anagement Co., Ltd. And the
shareholders above
Company does not know whether there are related parties or acting-in-
concert parties among the other 8 shareholders.
At the end of the Reporting Period, among above shareholders, Duan
Top 10 ordinary shareholders involved in securities Shaoteng held 1,760,565 shares in the Company via his credit securities
margin trading (if any)
account.
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending
□Applicable Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with th e
prior period
□Applicable Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable Not applicable
III Other Significant Events
Applicable □ Not applicable
(I) Matters concerning the application of the controlling shareholder of the Company to change the commitment to avoid
horizontal competition
During the Reporting Period, the Company received the Letter on Changing the Commitment to Avoid Horizontal Competition
from its controlling shareholder Shenzhen Investment Holdings Co., Ltd. (“SIHC”), which applied for a change of the
commitment to avoid horizontal competition. This matter was reviewed and approved at the 29 th M eeting of the 10th Board of
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Directors and the 24th M eeting of the 10th Supervisory Committee on 30 September 2024, and voted on and approved at the 2 nd
Extraordinary General M eeting of 2024. For more details, please refer to the Announcement on the Application of the Controlling
Shareholder of the Company to Change the Commitment to Avoid Horizontal Competition (Announcement No.: 2024-40) and the
Announcement on Resolutions of the 2nd Extraordinary General Meeting of 2024 (Announcement No.: 2024-47) disclosed by the
Company respectively on 30 September 2024 and 19 October 2024.
(II) Matters concerning the change of independent directors of the Company
During the Reporting Period, M r. M ei Yonghong, an independent director of the Company, having served as an independent
director of the Company for six consecutive years, applied for resignation as an independent director and other functions in the
relevant special committee of the Board of Directors in accordance with the Measures for the Administration of Independent
Directors of Listed Companies and other laws and regulations and the Articles of Association of the Company in respect of the
term service of independent directors, and will no longer serve in any position of the Company after his resignation. In accordance
with the provisions of the Articles of Association of the Company, the Company held the 29 th M eeting of the 10th Board of
Directors and the 2nd Extraordinary General M eeting of 2024 respectively on 30 September 2024 and 18 October 2024, to elect M r.
Song Shaohua as an independent director of the Company, with a term of office commencing from the date of the election at the
general meeting of the Company to the date of expiry of the term of office of the 10 th Board of Directors of the Company. For
more details, please refer to the Announcement on the Proposed Appointment of Independent Director of the Company
(Announcement No.: 2024-41) and the Announcement on Resolutions of the 2nd Extraordinary General Meeting of 2024
(Announcement No.: 2024-47) disclosed by the Company on Cninfo respectively on 30 September 2024 and 19 October 2024.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Properties & Resources Development (Group) Ltd.
Unit: RM B
Item 30 September 2024 1 January 2024
Current assets:
M onetary assets 1,170,874,731.75 2,748,798,476.72
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets
Derivative financial assets
Notes receivable 0.00 0.00
Accounts receivable 573,078,564.98 502,806,453.88
Receivables financing
Prepayments 10,550,677.00 11,983,086.35
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables 610,702,450.97 624,394,372.82
Including: Interest receivable 0.00 0.00
Dividends receivable 0.00 0.00
Financial assets purchased under resale
agreements
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Inventories 11,731,778,948.91 11,098,209,095.74
Including: Data resource
Contract assets 679,507.91 844,485.57
Assets held for sale
Current portion of non-current assets
Other current assets 153,487,198.41 127,774,825.51
Total current assets 14,251,152,079.93 15,114,810,796.59
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables 0.00 0.00
Long-term equity investments 84,018,516.40 84,057,750.55
Investments in other equity instruments 453,691.24 636,926.20
Other non-current financial assets
Investment property 342,288,348.42 386,810,800.47
Fixed assets 55,421,604.23 66,436,408.90
Construction in progress 20,276,462.77
Productive living assets
Oil and gas assets
Right-of-use assets 17,708,439.82 23,516,796.22
Intangible assets 663,400.98 889,801.14
Including: Data resource
Development costs
Including: Data resource
Goodwill 9,446,847.38 9,446,847.38
Long-term prepaid expense 23,862,981.50 21,510,397.88
Deferred income tax assets 1,307,238,731.54 1,276,440,386.83
Other non-current assets 4,117,252.72 3,505,155.93
Total non-current assets 1,865,496,277.00 1,873,251,271.50
Total assets 16,116,648,356.93 16,988,062,068.09
Current liabilities:
Short-term borrowings 140,043,375.00 230,915,000.00
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 326,460,550.08 662,869,059.59
Advances from customers 432,097.72 2,265,223.56
Contract liabilities 848,861,366.40 820,424,953.42
Financial assets sold under repurchase
agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of securities
Payables for underwriting of securities
Employee benefits payable 176,800,027.17 218,786,111.78
Taxes and levies payable 3,141,139,402.05 4,026,957,347.94
Other payables 1,231,829,931.53 1,217,303,294.25
Including: Interest payable 0.00 0.00
Dividends payable 12,202,676.04 12,202,676.04
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Current portion of non-current
liabilities 3,463,584,975.13 3,092,324,853.07
Other current liabilities 70,650,676.87 68,373,661.13
Total current liabilities 9,399,802,401.95 10,340,219,504.74
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 1,664,017,417.81 1,399,889,274.47
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 11,579,700.91 10,571,092.27
Long-term payables 399,799,725.00 400,105,655.56
Long-term employee benefits payable 0.00 0.00
Provisions 650,000.00 650,000.00
Deferred income 0.00 0.00
Deferred income tax liabilities 4,223,623.41 5,862,279.70
Other non-current liabilities 125,794,473.92 127,039,225.54
Total non-current liabilities 2,206,064,941.05 1,944,117,527.54
Total liabilities 11,605,867,343.00 12,284,337,032.28
Owners’ equity:
Share capital 595,979,092.00 595,979,092.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 80,488,045.38 80,488,045.38
Less: Treasury stock 0.00 0.00
Other comprehensive income -3,849,612.01 -3,352,337.88
Specific reserve
Surplus reserves 116,108,727.08 116,108,727.08
General reserve
Retained earnings 3,690,222,342.44 3,872,586,802.17
Total equity attributable to owners of the
Company as the parent 4,478,948,594.89 4,661,810,328.75
Non-controlling interests 31,832,419.04 41,914,707.06
Total owners’ equity 4,510,781,013.93 4,703,725,035.81
Total liabilities and owners’ equity 16,116,648,356.93 16,988,062,068.09
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Cai Kelin
2. Consolidated Income Statement for Q1~Q3
Unit: RM B
Item Q1~Q3 2024 Q1~Q3 2023
1. Revenues 1,317,806,652.07 2,427,326,213.70
Including: Operating revenue 1,317,806,652.07 2,427,326,213.70
Interest income
Insurance premium income
Fee and commission
income
2. Costs and expenses 1,303,226,108.88 2,110,887,625.76
Including: Cost of sales 1,051,029,215.22 1,747,100,763.88
Interest expense
Fee and commission
expense
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and levies 17,723,090.04 87,090,867.91
Selling expense 14,719,330.07 25,371,890.23
Administrative expense 189,973,110.10 211,898,457.07
Development costs 3,885,629.25 3,407,038.92
Finance costs 25,895,734.20 36,018,607.75
Including: Interest
expense 51,686,194.36 45,973,455.32
Interest
income 28,730,546.02 11,814,704.84
Add: Other income 3,084,106.20 9,328,789.60
Return on investment (“-” for loss) 54,220.87 2,711,324.32
Including: Share of profit or loss
of joint ventures and associates 54,220.87 2,711,324.32
Income from the derecognition
of financial assets at amortized cost (“-”
for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
for loss)
Credit impairment loss (“-” for
loss) -17,886,806.82 -13,788,622.51
Asset impairment loss (“-” for
loss) -5,858.65 2,045.93
Asset disposal income (“-” for
loss) 21,393.70 793,144.88
3. Operating profit (“-” for loss) -152,401.51 315,485,270.16
Add: Non-operating income 740,343.21 907,106.27
Less: Non-operating expense 5,081,894.89 3,590,801.08
4. Gross profit (“-” for loss) -4,493,953.19 312,801,575.35
Less: Income tax expense 1,220,320.38 85,692,317.44
5. Net profit (“-” for net loss) -5,714,273.57 227,109,257.91
5.1 By operating continuity
5.1.1 Net profit from continuing
operations (“-” for net loss) -5,714,273.59 227,047,902.08
5.1.2 Net profit from discontinued
operations (“-” for net loss) 0.00 61,355.83
5.2 By ownership
5.2.1 Net profit attributable to
shareholders of the Company as the 3,581,016.97 231,351,500.28
parent (“-” for net loss)
5.2.2 Net profit attributable to non-
controlling interests (“-” for net loss) -9,295,290.54 -4,242,242.37
6. Other comprehensive income, net of
tax -497,274.13 1,580,945.75
Attributable to owners of the
Company as the parent -497,274.13 1,580,945.75
6.1 Items that will not be
reclassified to profit or loss -187,279.28 -309,668.96
6.1.1 Changes caused by
remeasurements on defined benefit 0.00 0.00
schemes
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
6.1.2 Other comprehensive
income that will not be reclassified to 0.00 0.00
profit or loss under the equity method
6.1.3 Changes in the fair value of
investments in other equity instruments -187,279.28 -309,668.96
6.1.4 Changes in the fair value
arising from changes in own credit risk 0.00 0.00
6.1.5 Other 0.00 0.00
6.2 Items that will be reclassified to
profit or loss -309,994.85 1,890,614.71
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign currency- -309,994.85 1,890,614.71
denominated financial statements
6.2.7 Other
Attributable to non-controlling
interests 0.00 0.00
7. Total comprehensive income -6,211,547.70 228,690,203.66
7.1 Attributable to owners of the
Company as the parent 3,083,742.84 232,932,446.03
7.2 Attributable to non-controlling
interests -9,295,290.54 -4,242,242.37
8. Earnings per share
8.1 Basic earnings per share 0.0060 0.3882
8.2 Diluted earnings per share 0.0060 0.3882
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RM B , with the amount for the same period of last year being RM B .
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Cai Kelin
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RM B
Item Q1~Q3 2024 Q1~Q3 2023
1. Cash flows from operating activities:
Proceeds from sale of commodities and
rendering of services 1,504,896,063.82 1,722,297,276.09
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
Net increase in deposits and
investments of policy holders
Interest, fees and commissions received
Net increase in loans from other banks
and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates 24,277,962.38 14,416,704.33
Cash generated from other operating
activities 383,809,134.20 240,994,365.07
Subtotal of cash generated from
operating activities 1,912,983,160.40 1,977,708,345.49
Payments for commodities and services 1,645,567,147.64 1,746,506,968.56
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks and
financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 724,656,482.09 723,393,519.67
Taxes and levies paid 1,010,315,431.85 224,226,839.66
Cash used in other operating activities 285,391,854.76 223,220,070.52
Subtotal of cash used in operating
activities 3,665,930,916.34 2,917,347,398.41
Net cash generated from/used in
operating activities -1,752,947,755.94 -939,639,052.92
2. Cash flows from investing activities:
Proceeds from disinvestment
Return on investment 93,455.02 63,120.00
Net proceeds from the disposal of fixed
assets, intangible assets and other long- 39,273.50 78,255.52
lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
investing activities 132,728.52 141,375.52
Payments for the acquisition of fixed
assets, intangible assets and other long- 7,083,504.38 4,084,842.48
lived assets
Payments for investments 0.00 1,816,919.56
Net increase in pledged loans granted
Net payments for the acquisition of
subsidiaries and other business units
Cash used in other investing activities
Subtotal of cash used in investing
activities 7,083,504.38 5,901,762.04
Net cash generated from/used in
investing activities -6,950,775.86 -5,760,386.52
3. Cash flows from financing activities:
Capital contributions received 0.00 0.00
Including: Capital contributions by 0.00 0.00
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2024
non-controlling interests to subsidiaries
Borrowings received 773,984,805.34 841,843,775.18
Cash generated from other financing
activities
Subtotal of cash generated from
financing activities 773,984,805.34 841,843,775.18
Repayment of borrowings 222,133,410.08 32,326,662.00
Interest and dividends paid 334,438,123.69 357,864,492.62
Including: Dividends paid by
subsidiaries to non-controlling interests 245,000.00 245,000.00
Cash used in other financing activities 27,972,024.23 20,426,594.23
Subtotal of cash used in financing
activities 584,543,558.00 410,617,748.85
Net cash generated from/used in
financing activities 189,441,247.34 431,226,026.33
4. Effect of foreign exchange rates
changes on cash and cash equivalents -550,567.84 1,642,658.54
5. Net increase in cash and cash
equivalents -1,571,007,852.30 -512,530,754.57
Add: Cash and cash equivalents,
beginning of the period 2,733,139,135.12 1,509,693,857.48
6. Cash and cash equivalents, end of the
period 1,162,131,282.82 997,163,102.91
(II) Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation
of the New Accounting Standards Implemented since 2024
□ Applicable Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes No
These financial statements have not been audited by such an auditor.
Board of Directors
Shenzhen Properties & Resources Development (Group) Ltd.
31 October 2024
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