Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
SHENZHEN PROPERTIES & RESOURCES
DEVELOPMENT (GROUP) LTD.
ABSTRACT OF THE SEMI-ANNUAL REPORT 2012
I. Important Notes
The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives of the Company
guarantee that there are no false information, misleading statements or material omissions carried in this report
and will take all responsibilities, individual and/or joint, for authenticity, accuracy and integrality of the whole
contents of this report.
All directors attended the board session for reviewing this report.
The financial report for the first half of 2012 has not been audited by a CPA firm.
Mr. Chen Yugang, company principal, Mr. Wang Hangjun, head of the accounting work, and Ms. Shen Xueying,
head of the accounting division (head of accounting) hereby guarantee that the Financial Statements enclosed in
this report are true and complete.
II. Company Profile
（I）Basic information
A-share abbreviation SWYA
A-share code 000011
Stock exchange listed with Shenzhen Stock Exchange
Company Secretary Securities Affairs Representative
Name Fan Weiping Qian Zhong, Huang Fengchun
42/F, International Trade Center, Renmin 42/F, International Trade Center, Renmin
Contact address South Road, Shenzhen South Road, Shenzhen
Tel. 0755-82211020 0755-82211020
Fax 0755-82210610, 82212043 0755-82210610, 82212043
000011touzizhe@163.com 000011touzizhe@163.com
E-mail
（II）Financial highlights
1. Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
√ Yes □ No
31 Dec. 2011 Increase/decrease (%)
30 Jun. 2012
Before adjustment After adjustment After adjustment
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Total assets (RMB Yuan) 3,645,866,926.15 3,499,608,314.21 3,526,566,922.95 3.38%
Owners’ equity attributable to
shareholders of the Company (RMB 1,225,901,242.51 1,130,243,873.92 1,141,461,317.97 7.4%
Yuan)
Share capital (share) 595,979,092.00 595,979,092 595,979,092.00 0%
Net assets per share attributable to
shareholders of the Company (RMB 2.057 1.8964 1.9153 7.4%
Yuan/share)
Liability/asset ratio（%） 66.35% 67.68% 67.61% -1.26%
Jan.-Jun. 2011 Increase/decrease (%)
Major accounting data Jan.-Jun. 2012
Before adjustment After adjustment After adjustment
Gross operating revenues (RMB
622,922,900.92 1,146,591,748.07 1,155,786,058.07 -46.1%
Yuan)
Operating profit (RMB Yuan) 126,557,866.82 396,042,594.95 398,072,511.56 -68.21%
Total profit (RMB Yuan) 126,064,094.20 396,114,375.04 398,183,283.09 -68.34%
Net profit attributable to
shareholders of the Company (RMB 98,322,285.31 299,688,854.39 301,444,084.10 -67.38%
Yuan)
Net profit attributable to
shareholders of the Company after
90,864,488.27 298,838,849.27 298,838,849.27 -69.59%
deducting non-recurring gains and
losses (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.165 0.5029 0.5058 -67.38%
Diluted EPS (RMB Yuan/share) 0.165 0.5029 0.5058 -67.38%
Weighted average ROE (%) 8.31% 29.28% 29.21% -20.9%
Weighted average ROE after
deducting non-recurring gains and 7.68% 29.19% 28.95% -21.27%
losses (%)
Net cash flow from operating
336,111,486.60 -442,971,012.62 -439,366,561.71 176.5%
activities (RMB Yuan)
Net cash flow per share from
operating activities (RMB 0.564 -0.7433 -0.7372 176.5%
Yuan/share)
Notes to major accounting data and financial indexes before the end of the reporting period (Please give notes if
there is any retrospective adjustment):
The Company fulfilled its share reform commitment and exchanged assets with its controlling shareholder.
Among the exchanges, the Company exchanged in 100% equity interests of Shenzhen Shenxin Taxi Co., Ltd.,
which was a business combination under the same control completed in the reporting period. According to
relevant rules, the Company retrospectively adjusted the data as at the end of last year and as of the same period of
last year. For details, see Note (IV) to the Financial Statements.
2. Items of non-recurring gains and losses
√Applicable □Inapplicable
Items Jan.-Jun. 2012 (RMB Yuan) Notes
“Gains and losses on disposal of
non-current assets, including the amount
offsetting the asset impairment
Gains and losses on disposal of non-current assets 9,553,219.61
provisions” referred to gains and losses
on disposal of fixed assets and investing
properties.
Tax rebate, reduction or exemption due to un-authorized
approval or the lack of formal approval documents
Government grants recognized in the current year, except
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
for those acquired in the ordinary course of business or
granted at certain quotas or amounts according to the
country’s unified standards
Capital occupation fees received from non-financial
enterprises that are included in current gains and losses
Gains generated when the investment costs of the
Company’s acquiring subsidiaries, associates and joint
ventures are less than the fair value of identifiable net assets
in the investees attributable to the Company in the
acquisition of the investments
“Exchange gains and losses of
non-monetary assets” referred to the
transfer taxes and fares arising from the
Exchange gains and losses of non-monetary assets -2,348,164.39
asset exchanges carried out between the
Company and its controlling shareholder
due to the share reform commitment.
Gains and losses through entrusting others to invest or
manage assets
Various asset impairment provisions due to acts of God such
as natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
prices of transactions become unfair
“Net current gains and losses from the
period-begin to the combination date of
subsidiaries due to business
combinations under the same control”
mainly referred to net gains and losses
Net current gains and losses from the period-begin to the
(including reversed interest on internal
combination date of subsidiaries due to business 1,912,516.93
entrustment loans) for Jan.-May 2012 of
combinations under the same control
the 100% equity interests of Shenzhen
Shenxin Taxi Co., Ltd. obtained by the
Company under the same control. For
details, see Note (IV) to the Financial
Statements.
Gains and losses on contingent matters which are irrelevant
to the normal operation of the Company
Gains and losses on fair value changes of transactional
financial assets and liabilities, and investment gains on
disposal of transactional financial assets and liabilities and
available-for-sale financial assets, except for the effective
hedging business related to the Company’s normal operation
“Reversal of impairment provisions for
accounts receivable which are separately
tested for impairment signs” mainly
Reversal of impairment provisions for accounts receivable
400,330.00 referred to the reversal of impairment
which are separately tested for impairment signs
provisions for the reporting period. For
details, see Note (V) 4 to the Financial
Statements.
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing
properties for which the fair value method is adopted for
subsequent measurement
Current gain and loss effect due to a just-for-once
adjustment to current gains and losses according to
requirements of taxation and accounting laws and
regulations
Custodian fee income from entrusted operations with the
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Company
Other non-operating incomes and expenses besides the
366,847.16
items above
Other gain and loss items that meet the definition of
non-recurring gains and losses
Minority interests effects
Income tax effects -2,426,952.27
Total 7,457,797.04 --
3. Net profit and net asset differences between financial reports disclosed according to the international and
Chinese accounting standards respectively
□Applicable √Inapplicable
4. Net profit and net asset differences between financial reports disclosed according to the overseas and
Chinese accounting standards respectively
□Applicable √Inapplicable
III. Changes in Share Capital and Particulars about Shareholders
（I）Changes in share capital
√Applicable □Inapplicable
Before the change Increase/decrease (+, -) After the change
Capitalizat
Issuance ion of
Proportion Bonus Proportio
Number of new public Others Subtotal Number
(%) shares n (%)
shares reserve
fund
I. Shares subject to trading 383,219,1 383,219,1
64.3% 0 64.3%
moratorium 64 64
1. State-owned shares
2. State-owned legal 380,287,4 380,365,9
63.81% 78,515 63.82%
person shares 29 44
3. Other domestic shares 2,931,735 0.49% -78,515 2,853,220 0.48%
Including: Shares held by
2,403,735 0.4% -30,130 2,373,605 0.4%
domestic legal persons
Shares held by
528,000 0.09% -48,385 479,615 0.08%
domestic individuals
4. Shares held by overseas
shareholders
Including: Shares held by
overseas legal persons
Shares held by
overseas individuals
5. Shares held by senior
management staff
II. Shares not subject to 212,759,9 35.7% 212,759,9 35.7%
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
trading moratorium 28 28
1. Ordinary shares 145,154,6 145,154,6
24.36% 24.36%
denominated in RMB 85 85
2. Domestically listed 67,605,24 67,605,24
11.34% 11.34%
foreign shares 3 3
3. Overseas listed foreign
shares
4. Others
595,979,0 595,979,0
III. Total shares 100% 100%
92.00 92.00
（II）Shares held by the top ten holders of tradable shares/shares not subject to trading
moratorium
Shares held by the top ten shareholders and the top ten shareholders holding tradable shares
Total number of shareholders 49,135
Particulars about shares held by the top ten shareholders
Sharehold Pledged or frozen shares
Number of
Name of shareholder (full Nature of ing Total shares held at
non-tradable Number of
name) shareholder percentag the period-end
shares held Status of shares shares
e (%)
SHENZHEN
CONSTRUCTION
State-owned
INVESTMENT 54.33% 323,783,371 323,783,371 0
corporation
HOLDINGS
CORPORATION
SHENZHEN
INVESTMENT State-owned
9.49% 56,582,573 56,582,573 0
MANAGEMENT corporation
CORPORATION
SHENZHEN
INTERNATIONAL
TRADE CENTER State-owned
0.42% 2,514,781 0 0
PROPERTY corporation
MANAGEMENT
COMPANY
SHENZHEN SPECIAL Domestic
ZONE DUTY-FREE non-state-owned 0.29% 1,730,300 1,730,300 0
COMMODITY CO. corporation
Domestic natural
LIU YUNDE 0.14% 850,000 0 0
person
CLIENT CREDIT
TRADING GUARANTEE Domestic
SECURITIES ACCOUNT non-state-owned 0.13% 789,210 0 0
OF CHANGJIANG corporation
SECURITIES CO., LTD.
Domestic natural
ZHOU YONGHONG 0.13% 767,633 0 0
person
Domestic natural
LIU LIAOYUAN 0.11% 641,900 0 0
person
Domestic natural
LI ZHIXUAN 0.1% 605,021 0 0
person
Domestic natural
FENG JIANNING 0.097% 580,000 0 0
person
Particulars about shares held by the top ten shareholders holding tradable shares
Name of shareholder Number of tradable shares Type and number of shares
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
held Type Number
SHENZHEN INTERNATIONAL TRADE
CENTER PROPERTY MANAGEMENT 2,514,781 A-share 2,514,781
COMPANY
LIU YUNDE 850,000 A-share 850,000
CLIENT CREDIT TRADING GUARANTEE
SECURITIES ACCOUNT OF CHANGJIANG 789,210 A-share 789,210
SECURITIES CO., LTD.
ZHOU YONGHONG 767,633 B-share 767,633
LIU LIAOYUAN 641,900 B-share 641,900
A-share 605,021
LI ZHIXUAN 605,021
A-share
ZHOU YONGHONG 580,000 A-share 580,000
GUNTAI JUNAN SECURITIES(HONGKONG)
538,204 B-share 538,204
LIMITED
LI HONGMAO 513,720 A-share 513,720
CAO YONGHUI 455,300 A-share 455,300
Explanation on associated relationship or/and
It was unknown whether there exists associated relationship among the
persons acting in concert among the shareholders mentioned above.
above-mentioned shareholders
（III）Change of the controlling shareholder and the actual controller
□Applicable √Inapplicable
IV. Particulars about Directors, Supervisors and Senior Management
（I）Shareholding changes of directors, supervisors and senior management
Number of Number of
Of which: Number of
Number of shares shares Number of
number of stock options Reason for
Name Office title shares held at increased in decreased in shares held at
restricted held at change
period-begin reporting reporting period-end
shares held period-end
period period
V. Report of the Board of Directors
（I）Main business lines classified by industries and products
Unit: RMB Yuan
Main business lines classified by industries
Increase/decrease Increase/decrease Increase/decrease
Operating Gross profit rate of operating of operating cost of gross profit
Industry Operating cost
revenue (%) revenue compared with rate compared
compared with the same period with the same
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
the same period last year (%) period last year
last year (%) (%)
Real estate 382,325,000.00 229,343,000.00 40.01% -60.79% -2.54% -35.85%
Property leasing
143,665,000.00 112,733,000.00 21.53% 18.9% 9.13% 7.02%
and management
Taxi 36,218,000.00 17,494,000.00 51.07% -0.82% -0.44% -0.18%
Main business lines classified by products
Increase/decrease Increase/decrease
Increase/decrease
of operating of gross profit
of operating cost
Operating Gross profit rate revenue rate compared
Product Operating cost compared with
revenue (%) compared with with the same
the same period
the same period period last year
last year (%)
last year (%) (%)
Explanation to the reasons for any significant year-on-year change of the gross profit rate:
Real estate income decreased mainly because a lot of funds from the pre-sale of the Shengang No. 1 project were
carried over to income for the same period of last year while real estate income meeting the carry-over conditions
decreased in the first half of the year. The gross profit rate for the real estate business showed a considerable drop
mainly because most of the real estate income for the first half of the year came from asset exchanges due to the
share reform commitment and the gross profit rates for these idle properties were low. The gross profit rate for the
property leasing and management business increased mainly because the leasing rate increased in the reporting
period and the leasing income increased as a result.
（II）Main business lines classified by regions
Unit: RMB Yuan
Increase/decrease compared with the same
Region Operating revenue
period last year (%)
Shenzhen 521,322,000.00
Other regions 52,638,000.00
（III）Reasons for any significant change in main business and its structure
□Applicable √Inapplicable
（IV）Reasons of significant changes in profitability of main business (gross profit rate)
compared with that in the last year
□Applicable √Inapplicable
（V）Analysis on reasons of significant changes in profit breakdown compared with the last
year
□Applicable √Inapplicable
（VI）Particulars about utilization of the raised funds
1. Utilization of the raised funds
□Applicable √Inapplicable
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
2. Change of projects invested with raised funds
□Applicable √Inapplicable
（VII）Revision of the Board of Directors’ business plan for the second half of the year
□Applicable √Inapplicable
（VIII）Business performance estimate for Jan.-Sept. 2012
Warnings of estimated possible losses or major changes of the accumulative net profit achieved during the period
from the beginning of the year to the end of the next reporting period compared with the same period of last year,
as well as the reasons
√Applicable □Inapplicable
Type of the business performance forecast data
□ Exact number √ Interval number
Jan.-Sept.
Jan.-Sept. 2012 +/-（%）
2011
Estimated cumulative net
14,000 -- 16,000 30,924 □ -- □ Up √ Down -54.73% -- -48.26%
profit (RMB Ten thousand)
Basic EPS (RMB Yuan/share) 0.2349 -- 0.2685 0.5189 □ -- □ Up √ Down -54.73% -- -48.26%
Reason for the great change in the business performance: In the same period of last year, the
“PRDShengang No. 1” project reached the income carry-over conditions and sales realized in
previous years or the same period of last year were all settled and recognized in the same period of
Notes to the business last year while the total billable area for the reporting period decreased considerably over the same
performance forecast period of last year. The aforesaid estimate was preliminary measurement given by the Company
according to the current sales situation of real estate projects. Investors are kindly reminded to be
noted that the actual earnings of the Company for Jan.-Sept. 2012 shall be subject to data disclosed
in the Company’s Third Quarter Report for 2012.
（IX）Explanation of the Board of Directors on “Non-standard Auditing Report” issued by
the CPA firm for the reporting period
□Applicable √Inapplicable
（X）Explanation of the Board of Directors on changes and solutions of the issues involved in
the “Non-standard Auditing Report” issued by the CPA firm for last year
□Applicable √Inapplicable
VI. Significant Events
（I）Purchase, sales and reorganization of assets
1. Purchase of assets
□Applicable √Inapplicable
Notes to purchase of assets:
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
2. Sale of assets
□Applicable √Inapplicable
Notes to sale of assets:
3. Progress of these events after the publication of the assets reorganization report or public notices on the
purchases or sales of assets, as well as the influences of these events on the operation results and financial
status of the Company in this reporting period
□Applicable √Inapplicable
（II）Guarantee events
□Applicable √Inapplicable
（III）Non-operating credits and liabilities with related parties
Was there any non-operating credit or liability with any related party?
√ Yes □ No
Unit: RMB Ten thousand
Funds provided by the Company for related Funds provided by related parties for the
Related party parties Company
Incurred amount Balance Incurred amount Balance
Shenzhen Guomao Tian’an
570.59
Properties Co., Ltd
Anhui Nanpeng Papermaking Co.,
4.61 772.38
Ltd
Shenzhen Guomao Industrial
235.17
Development Co., Ltd.
Shenzhen Wufang Pottery &
174.73
Porcelain Industrial Co., Ltd
Shenzhen Investment Holdings Co.,
48,300.58
Ltd.
Shenzhen Wuye Jifa Warehouse Co.,
250 1,804.58
Ltd.
Total 4.61 1,752.87 250 50,105.16
Of which, the funds provided by the Company for the controlling shareholder and its subsidiaries stood at RMB
0.00 for the reporting period, with the balance being RMB 0.00.
（IV）Significant lawsuits and arbitrations
□Applicable √Inapplicable
（V） Other significant events as well as analysis and explanations on their impact and
solutions
√Applicable □Inapplicable
1. On 19 Sep. 2010, for the purpose of fulfilling commitment of equity division reform, the Company signed
Agreement on Asset Replacement with its controlling shareholder, Shenzhen Investment Holdings Co., Ltd.
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
(hereinafter referred to as Investment Holdings). The Company swapped No. T102-0237 land in Moon Bay held
by Investment Holdings and 100% equity of Shenxin Taxi Co., Ltd. (hereinafter referred as Shenxin Taxi) with
part of properties (hereinafter referred as swap-out asset) held by the Company and its wholly-owned subsidiary
Shenzhen Huangcheng Real Estate Co., Ltd. (Equities after removing part of assets and liabilities of Shenxin Taxi
Co., Ltd. in accordance with STKH [2010] No. 103)
As at the end of the reporting period, the No. T102-0237 land in Moon Bay, the swap-in asset, had been
transferred to the Company and the relevant land transfer procedures had been transferred; the transfer formalities
for the equities of Shenxin, the swap-in asset, had completed and the swap-out assets had all been transferred to
Investment Holdings. In the reporting period, the Company carried out relevant accounting treatment on the
swap-in and swap-out assets.
2. The Company had withdrawn in advance in the previous years the land value appreciation fee of Jinlihua
Building amounting to RMB 56,303,627.40. According to the Document SGT [2001] No. 314, the land value
appreciation fee unpaid or owed would be exempted. However, the relevant land use right had not been
transferred. Therefore, the Company would actively handle the procedures relating to exempting the land value
appreciation fee of Jinlihua Building amounting to RMB 56,303,627.40. Upon the arrival of the relevant approval
document, the Company would cancel the land value appreciation fee of RMB 56,303,627.40 withdrawn in
advance after verification.
Concerning the sum for real estate of Jinlihua Building amounting to RMB 98,611,300 that the Company should
receive from Shenzhen Jiyong Properties Development Co., Ltd., a bad debt of RMB 42,611,300 had been
withdrawn with the net amount standing at RMB 56 million.
3. On 25 Nov. 2011, the 4th Session of the 7th Board of Directors was held, at which reviewed and approved the
Proposal on the Bankruptcy and Liquidation of Hainan Xinda Development Co., Ltd. (hereinafter referred as
Hainan Company). Hainan Company was established in 1998 as a wholly-owned subsidiary of the Company,
which has no development project and land reserves now with continuous losses for many years. The Board of the
Company ever approved the Proposal on Wholly Tranferring the Hainan Company in Jan. 2009, which couldn’t
continue to advance due to various factors, such as policies. And now the Company, as a creditor, applied to make
bankruptcy and liquidation on Hainan Company by judicial procedure.
1. Securities investment
□Applicable √Inapplicable
Notes to securities investment:
The Company did not make any securities investment during the reporting period.
2. Holding equity of other listed companies
√Applicable □Inapplicable
Change of
Proportion in
Initial Closing Gain/loss in owners’
the
investment carrying the reporting equity during Accounting
Stock code Stock abbr. company’s Stock source
amount amount period (RMB the reporting title
total equity
(RMB Yuan) (RMB Yuan) Yuan) period (RMB
(%)
Yuan)
Purchasing
Long-term
legal person
000509 S*STHS 2,962,500.00 0.33% 802,199.55 0.00 0.00 equity
shares
investment
directionally
Total 2,962,500.00 -- 802,199.55 0.00 0.00 -- --
Notes to holding equity of other listed companies:
3. Capital occupation during the reporting period and debt-clearing progress
□Applicable √Inapplicable
The accountability plan put forward by the Board of Directors when the Company had not completed collecting
the capital occupied for non-operating purposes by the end of the reporting period
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
□Applicable √Inapplicable
4. Fulfillment of commitments
Commitments made by the Company, its directors, supervisors, senior management, shareholders holding more
than 5% shares of the Company, actual controller or any other relevant party in this reporting period, or such
commitments carried down into this reporting period
√Applicable □Inapplicable
Commitment
Commitment Contents Fulfillment
maker
1. The Company’s non-tradable share holders 1. Up to the date of public notice,
Construction Holdings and Investment Management Construction Holdings and Investment
Company made a common commitment to abide by Holdings never sold shares of the
laws, regulations and rules and perform prescribed Company.
commitment duties. And they also made special 2.
commitments as follows: (1) Up to the date of public notice,
Non-tradable shares held by Construction Holdings and Investment Holdings never sold shares
Investment Management Company would not be traded of the Company actually controlled.
or transferred within 36 months since they acquired (2) In order to implement the
right of trade. After expiration of the aforesaid commitment, the Company prepared to
commitment, originally non-tradable shares sold start the relevant affairs together with
through the listing and trading system on the Shenzhen Investment Holdings, and disclosed the
Stock Exchange should not exceed 5 percents of total Public Notice on Implementation of
shares of the Company within 12 months, as well as not Commitment of Share Merger Reform
exceed 10 percents within 24 months. In case these on Assets Replacement and Significant
companies acted against the above commitment and Related Transaction, which was
sold shares of the Company, the income from sales of reviewed and approved at the First
the shares would belong to the Company. Special Shareholders’ General Meeting
2. Investment Holdings made a commitment to abide by for 2010, for details, please refer to
laws, regulations and rules and perform prescribed Public Notice on Resolutions of the First
commitment duties. And it also made special Special Shareholders’ General Meeting
commitments as follows: for 2010; Investment Holdings has
(1) Non-tradable shares held by Investment Holdings applied to Shenzhen Branch of China
would not be traded or transferred within 36 months Securities Depository and Clearing
Shenzhen since they acquired right of trade. After expiration of the Corporation Limited for freezing its
Commitments
Investment aforesaid commitment, originally non-tradable shares actual controlled 30 million shares of the
made in a share
Holdings Co., sold through the listing and trading system on the Company under the name of
reform
Ltd. Shenzhen Stock Exchange should not exceed 5 percents Construction Holdings, now the frozen
of total shares of the Company within 12 months, as period is due and the frozen shares has
well as not exceed 10 percents within 24 months. In been released.
case these companies acted against the above (3) On 18 Mar. 2010, the Company held
commitment and sold shares of the Company, the the Annual Shareholders’ General
income from sales of the shares would belong to the Meeting 2009, at which reviewed and
Company. approved Proposal on Application of
(2) Within one year since the non-tradable shares held Entrust Loan from Controlling
by Construction Holdings and Investment Management Shareholder. The Shareholders’ General
Company controlled by Investment Holdings acquired Meeting authorized the Board of
the right of trading, Shenzhen Investment Holdings Co., Directors of the Company to deal with
Ltd will start up capital injection to the Company, that signature of entrusted loan agreement,
is, Shenzhen Investment Holdings Co., Ltd will inject renewal of loan, borrow a new loan to
legitimate capital no less than RMB 500 million repay old within RMB 500 million
including land resource in lump sum or in batches by according to actual need of operation
replace or other legitimate way, will increase land and based on negotiation with
reserves of the Company and enhance profitability in Investment Holdings and relevant banks.
the future. In case the aforesaid capital failed to start For details, please refer to Public Notice
completely within one year, Shenzhen Investment on the Resolutions of Annual
Holdings Co., Ltd will compensate 20% of Shareholders’ General Meeting on 19
reorganization capital failing to start to the Company Mar. 2010. On 28 Dec. 2010, Investment
within 30 days when expiration of 1 year, and continued Holdings entrusted Shenzhen Jingtian
to implement the capital injection which had been Sub-branch of China Everbright Bank to
started. As for the capital injection failing to start, provide entrust loan of RMB 10 million
Shenzhen Investment Holdings Co., Ltd will not for the Company’s subsidiary Shenzhen
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Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
implement. Note: Startup of capital injection means ITC Vehicle Industry Co., Ltd.; from the
capital injection program has been reviewed and end of report period to the date of the
approved by the Shareholders’ General Meeting of the public notice, Investment Holdings has
Company. Shenzhen Investment Holdings Co., Ltd was provided entrust loan of RMB 490
willing to entrust China Securities Depository and million for the Company.
Clearing Corporation Limited Shenzhen Branch to (4) Whether the commitment will be
freeze 30 million shares of the Company, which was implemented is according to net profit of
under name of Shenzhen Construction Investment 2012.
Holdings and actually controlled by Shenzhen
Investment Holdings Co., Ltd, as guarantee for the
above commitment.
(3) Since non-tradable shares held by Shenzhen
Investment Holdings Co., Ltd, Shenzhen Construction
Investment Holdings and Shenzhen Investment Co., Ltd
acquired right to trade within 24 months, Shenzhen
Investment Holdings Co., Ltd commit that they will
support balance no less than RMB 500 million with
method of entrust loan in line with relevant provisions
of laws and administrative statutes to release nervous
capital of the Company. The aforesaid balance means
accumulative incurred amount within 24 months since
the date when non-tradable shares held by Shenzhen
Investment Holdings Co., Ltd, Shenzhen Construction
Investment Holdings and Shenzhen Investment Co., Ltd
acquired right to trade, and each entrust loan for support
will not be less than 12 months; the above cash support
of RMB 500 million excluded entrust loan offered
before the date when non-tradable shares held by
Shenzhen Investment Holdings Co., Ltd, Shenzhen
Construction Investment Holdings and Shenzhen
Investment Co., Ltd acquired right to trade.
(4) In case that net profit of the Company in any year of
2010, 2011 and 2012 was less than 2009, Shenzhen
Investment Holdings Co., Ltd. will make up balance of
net profit between the year and 2009 with cash.
Commitments
made in an
acquisition report Naught Naught Naught
or report on equity
changes
Commitments
made in an asset Naught Naught Naught
exchange
Commitments
made in share Naught Naught Naught
issuance
Other
commitments
Naught Naught Naught
made to minority
shareholders
5. Pre-plan of the Board of Directors for profit distribution or turning capital reserves into share capital
□Applicable √Inapplicable
6. Items of other comprehensive income
Unit: RMB Yuan
Items Jan.-Jun. 2012 Jan.-Jun. 2011
1. Profits/(losses) from available-for-sale financial assets
Less: Effects on income tax generating from available-for-sale
12
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
financial assets
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal
2. Interests in the investee entities’ other comprehensive income as per
equity method
Less: Effects on income tax generating from the interests in the
investee entities’ other comprehensive income as per equity method
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal
3. Profits/(losses) from cash flow hedging instrument
Less: Effects on income tax generating from cash flow hedging
instrument
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
The adjustment value that is the converted initial recognition amount of
arbitrage project
Subtotal
4. Converted amount of foreign currency financial statements 154,895.92 -676,994.58
Less: Net value of disposal of oversea operations that recognized into
current profit and loss
Subtotal 154,895.92 -676,994.58
5. Other
Less: Effects on income tax generating from the others that included
into other comprehensive income
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal
Total 154,895.92 -676,994.58
（VI）Particulars about researches, visits and interviews received in this reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
BOD Office of the When will the Qianhai
15 Feb. 2012 By phone Individual Investor
Company project start?
BOD Office of the Transfer progress of the
16 Feb. 2012 By phone Individual Investor
Company equity interests of Shenxin
BOD Office of the Any project outside
2 Mar. 2012 By phone Individual Investor
Company Shenzhen?
BOD Office of the Progress of the Qianhai
11 Apr. 2012 By phone Individual Investor
Company project
Progress of the
BOD Office of the
23 May 2012 By phone Individual Investor Company’s projects
Company
outside Shenzhen
VII. Financial Report
（I）Audit opinion
Has this interim report been audited?
13
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
□ Yes √ No
（II）Financial statements
Consolidated statements or not?
√ Yes □ No
1. Consolidated balance sheet
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Note 30 Jun. 2012 31 Dec. 2011
Current Assets:
Monetary funds 653,189,645.56 469,313,741.57
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 300,000.00 200,000.00
Accounts receivable 87,869,971.92 70,557,693.71
Accounts paid in advance 513,852,637.52 474,354,748.39
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 11,259,711.92 3,372,036.99
Financial assets purchased under
agreements to resell
Inventories 1,719,018,413.68 1,814,992,629.34
Non-current assets due within 1
year
Other current assets
Total current assets 2,985,490,380.60 2,832,790,850.00
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 82,605,049.07 81,103,539.95
Investing property 261,132,111.61 291,159,907.85
Fixed assets 71,637,798.31 74,166,940.06
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 117,676,204.63 121,254,256.15
R&D expense
14
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Goodwill
Long-term deferred expenses 1,902,738.39 1,989,226.53
Deferred income tax assets 125,422,643.54 124,102,202.41
Other non-current assets
Total of non-current assets 660,376,545.55 693,776,072.95
Total assets 3,645,866,926.15 3,526,566,922.95
Current liabilities:
Short-term borrowings 660,000,000.00 601,495,212.00
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 175,845,270.52 187,093,587.42
Accounts received in advance 729,056,567.31 208,655,909.41
Financial assets sold for
repurchase
Handling charges and
commissions payable
Employee’s compensation
38,316,947.64 46,354,982.87
payable
Tax payable 463,645,379.15 499,805,593.28
Interest payable
Dividend payable
Other accounts payable 189,991,958.16 481,167,880.34
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting
of securities
Non-current liabilities due within
12,209,888.32 218,359,888.32
1 year
Other current liabilities
Total current liabilities 2,269,066,011.10 2,242,933,053.64
Non-current liabilities:
Long-term borrowings 25,649,999.98 7,333,333.32
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 124,387,585.50 133,977,130.96
Total non-current liabilities 150,037,585.48 141,310,464.28
Total liabilities 2,419,103,596.58 2,384,243,517.92
Owners’ equity (or shareholders’
equity)
15
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Paid-up capital (or share capital) 595,979,092.00 595,979,092.00
Capital reserves 63,783,019.03 77,820,275.72
Less: Treasury stock
Specific reserves
Surplus reserves 70,368,860.95 70,368,860.95
Provisions for general risks
Retained profits 501,505,660.86 403,183,375.55
Foreign exchange difference -5,735,390.33 -5,890,286.25
Total equity attributable to owners
1,225,901,242.51 1,141,461,317.97
of the Company
Minority interests 862,087.06 862,087.06
Total owners’ (or shareholders’)
1,226,763,329.57 1,142,323,405.03
equity
Total liabilities and owners’ (or
3,645,866,926.15 3,526,566,922.95
shareholders’) equity
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
2. Balance sheet of the Company
Unit: RMB Yuan
Item Note 30 Jun. 2012 31 Dec. 2011
Current Assets:
Monetary funds 182,983,861.29 83,846,009.34
Transactional financial assets
Notes receivable
Accounts receivable 57,147,097.17 57,610,601.35
Accounts paid in advance 435,563,863.60 435,617,463.60
Interest receivable
Dividend receivable
Other accounts receivable 143,887,032.31 66,901,359.57
Inventories 323,385,959.42 323,385,959.42
Non-current assets due within 1
195,000,000.00
year
Other current assets
Total current assets 1,337,967,813.79 967,361,393.28
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 314,892,810.05 300,514,039.95
Investing property 197,302,038.44 196,918,915.36
Fixed assets 23,288,263.11 29,002,844.78
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
16
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Oil-gas assets
Intangible assets
R&D expense
Goodwill
Long-term deferred expenses 1,902,738.39 1,989,226.53
Deferred income tax assets
Other non-current assets 280,000,000.00 475,000,000.00
Total of non-current assets 817,385,849.99 1,003,425,026.62
Total assets 2,155,353,663.78 1,970,786,419.90
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable
Accounts payable 33,613,669.85 33,981,501.43
Accounts received in advance 351,401.50
Employee’s compensation
9,534,832.04 7,550,348.37
payable
Tax payable 2,175,484.80 1,829,406.16
Interest payable
Dividend payable
Other accounts payable 1,439,020,487.44 1,268,548,668.33
Non-current liabilities due within
1 year
Other current liabilities
Total current liabilities 1,484,344,474.13 1,312,261,325.79
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities
Other non-current liabilities 1,851,595.90 4,161,870.46
Total non-current liabilities 1,851,595.90 4,161,870.46
Total liabilities 1,486,196,070.03 1,316,423,196.25
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 595,979,092.00 595,979,092.00
Capital reserves 37,754,232.28 38,914,227.99
Less: Treasury stock
Specific reserves
Surplus reserves 69,712,050.51 69,712,050.51
Retained profits -34,287,781.04 -50,242,146.85
Foreign exchange difference
Total owners’ (or shareholders’)
669,157,593.75 654,363,223.65
equity
Total liabilities and owners’ (or
2,155,353,663.78 1,970,786,419.90
shareholders’) equity
17
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
3. Consolidated income statement
Unit: RMB Yuan
Item Note Jan.-Jun. 2012 Jan.-Jun. 2011
I. Total operating revenues 622,922,900.92 1,155,786,058.07
Including: Sales income 622,922,900.92 1,155,786,058.07
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 497,866,543.22 758,392,885.14
Including: Cost of sales 392,019,121.93 368,383,008.24
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 58,288,134.08 334,753,634.85
Selling and distribution
8,202,034.38 7,800,071.81
expenses
Administrative expenses 46,636,730.06 42,753,922.74
Financial expenses -1,321,536.27 5,203,352.15
Asset impairment loss -5,957,940.96 -501,104.65
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment
1,501,509.12 679,338.63
(“-” means loss)
Including: share of profits in
1,501,509.12 679,338.63
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 126,557,866.82 398,072,511.56
Add: non-operating income 1,180,679.74 978,654.85
Less: non-operating expense 1,674,452.36 867,883.32
Including: loss from non-current
29,700.92 21,155.77
asset disposal
IV. Total profit (“-” means loss) 126,064,094.20 398,183,283.09
Less: Income tax expense 27,741,808.89 96,739,198.99
V. Net profit (“-” means loss) 98,322,285.31 301,444,084.10
Including: Net profit achieved
by combined parties before the 1,912,516.93 1,804,829.71
combinations
Attributable to owners of the
98,322,285.31 301,444,084.10
Company
Minority shareholders’ income
VI. Earnings per share -- --
18
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
(I) Basic earnings per share 0.165 0.5058
(II) Diluted earnings per share 0.165 0.5058
Ⅶ. Other comprehensive incomes 154,895.92 -676,994.58
Ⅷ. Total comprehensive incomes 98,477,181.23 300,767,089.52
Attributable to owners of the
98,477,181.23 300,767,089.52
Company
Attributable to minority
shareholders
Where business mergers under the same control occurred in this report period, the net profit achieved by the merged parties before
the business mergers was RMB 1,912,516.93.
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
4. Income statement of the Company
Unit: RMB Yuan
Item Note Jan.-Jun. 2012 Jan.-Jun. 2011
I. Total sales 23,449,864.94 18,167,414.59
Less: cost of sales 9,757,305.26 9,305,983.12
Business taxes and surcharges 4,950,968.55 2,638,254.38
Distribution expenses
Administrative expenses 18,102,272.04 16,940,118.01
Financial costs -970,153.92 503,880.15
Impairment loss -5,066,959.74 135,737.76
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
20,458,700.89 3,757,738.63
means loss)
Including: income form investment
1,501,509.12 679,338.63
on associates and joint ventures
II. Business profit (“-” means loss) 17,135,133.64 -7,598,820.20
Add: non-business income 291,568.93 89,247.07
Less: non-business expense 1,472,336.76 773,470.67
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) 15,954,365.81 -8,283,043.80
Less: income tax expense
IV. Net profit (“-” means loss) 15,954,365.81 -8,283,043.80
V. Earnings per share -- --
(I) Basic earnings per share 0.0268 -0.0139
(II) Diluted earnings per share 0.0268 -0.0139
VI. Other comprehensive income
VII. Total comprehensive income 15,954,365.81 -8,283,043.80
5. Consolidated cash flow statement
Unit: RMB Yuan
Item Jan.-Jun. 2012 Jan.-Jun. 2011
19
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
I. Cash flows from operating activities:
Cash received from sale of
888,510,640.24 325,144,071.89
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
10,288,147.54 36,965,893.74
operating activities
Subtotal of cash inflows from operating
898,798,787.78 362,109,965.63
activities
Cash paid for goods and services 203,210,115.92 549,328,105.78
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
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 120,898,709.87 110,921,302.64
Various taxes paid 172,861,855.64 104,695,238.51
Other cash payment relating to
65,716,619.75 36,531,880.41
operating activities
Subtotal of cash outflows from
562,687,301.18 801,476,527.34
operating activities
Net cash flows from operating activities 336,111,486.60 -439,366,561.71
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
5,000,000.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 735,231.00 81,000.00
long-term assets
20
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
5,735,231.00 81,000.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 1,573,784.61 3,701,771.28
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
1,573,784.61 3,701,771.28
investing activities
Net cash flows from investing activities 4,161,446.39 -3,620,771.28
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 146,000,000.00 540,096,450.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
146,000,000.00 540,096,450.00
activities
Repayment of borrowings 275,328,545.34 170,760,000.00
Cash paid for interest expenses and
25,661,311.58 19,636,157.52
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
1,432,000.00 822,200.00
financing activities
Sub-total of cash outflows from
302,421,856.92 191,218,357.52
financing activities
Net cash flows from financing activities -156,421,856.92 348,878,092.48
IV. Effect of foreign exchange rate
24,827.92 -102,734.36
changes on cash and cash equivalents
V. Net increase in cash and cash
183,875,903.99 -94,211,974.87
equivalents
Add: Opening balance of cash and
469,313,741.57 545,466,594.53
cash equivalents
VI. Closing balance of cash and cash
653,189,645.56 451,254,619.66
equivalents
6. Cash flow statement of the Company
Unit: RMB Yuan
21
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Item Jan.-Jun. 2012 Jan.-Jun. 2011
I. Cash flows from operating activities:
Cash received from sale of
23,126,901.86 18,502,177.06
commodities and rendering of service
Tax refunds received
Other cash received relating to
538,743,468.02 925,014,502.58
operating activities
Subtotal of cash inflows from operating
561,870,369.88 943,516,679.64
activities
Cash paid for goods and services 4,276,469.83 392,035,919.29
Cash paid to and for employees 8,017,547.04 10,147,785.42
Various taxes paid 6,928,992.60 3,756,069.19
Other cash payment relating to
457,934,134.85 212,918,191.72
operating activities
Subtotal of cash outflows from
477,157,144.32 618,857,965.62
operating activities
Net cash flows from operating activities 84,713,225.56 324,658,714.02
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
23,957,250.00 3,078,400.00
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
23,957,250.00 3,078,400.00
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 9,532,623.61 1,543,362.00
assets
Cash paid for investment 245,000,000.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
9,532,623.61 246,543,362.00
investing activities
Net cash flows from investing activities 14,424,626.39 -243,464,962.00
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
0.00 0.00
activities
22
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Repayment of borrowings
Cash paid for interest expenses and
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
0.00 0.00
financing activities
Net cash flows from financing activities 0.00 0.00
IV. Effect of foreign exchange rate
0.00 -124.79
changes on cash and cash equivalents
V. Net increase in cash and cash
99,137,851.95 81,193,627.23
equivalents
Add: Opening balance of cash and
83,846,009.34 78,920,447.75
cash equivalents
VI. Closing balance of cash and cash
182,983,861.29 160,114,074.98
equivalents
7. Consolidated statement of changes in owners’ equity
Reporting period
Unit: RMB Yuan
Reporting period
Equity attributable to owners of the Company
Paid-up Total
Item Minority
capital Less: General owners’
Capital Specific Surplus Retaine interests
(or treasury risk Others equity
reserve reserve reserve d profit
share stock reserve
capital)
I. Balance at the end of the 595,979 64,020,2 69,712, 406,422, -5,890,2 862,087.0 1,131,105,
previous year ,092.00 75.72 050.51 741.94 86.25 6 960.98
Add: change of accounting
policy
Correction of errors in
previous periods
13,800,0 656,810 -3,239,3 11,217,444
Other
00.00 .44 66.39 .05
II. Balance at the beginning of 595,979 77,820,2 70,368, 403,183, -5,890,2 862,087.0 1,142,323,
the year ,092.00 75.72 860.95 375.55 86.25 6 405.03
III. Increase/ decrease of
-14,037, 98,322,2 154,895. 84,439,924
amount in the year (“-” means
256.69 85.31 92 .54
decrease)
98,322,2 98,322,285
(I) Net profit
85.31 .31
(II) Other comprehensive 154,895.
154,895.92
incomes 92
98,322,2 154,895. 98,477,181
Subtotal of (I) and (II)
85.31 92 .23
(III) Capital paid in and -14,037, -14,037,25
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reduced by owners 256.69 6.69
1. Capital paid in by
owners
2. Amounts of share-based
payments recognized in
owners’ equity
3. Others -14,037, -14,037,25
23
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
256.69 6.69
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Appropriations to
surplus reserves
2. Appropriations to
general risk provisions
3. Appropriations to
owners (or shareholders)
4. Other
(V) Internal carry-forward of
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity
1. New increase of capital
(or share capital) from capital
public reserves
2. New increase of capital
(or share capital) from surplus
reserves
3. Surplus reserves for
making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the
period
2. Used in the period
(Ⅶ) Other
595,979 63,783,0 70,368, 501,505, -5,735,3 862,087.0 1,226,763,
IV. Closing balance
,092.00 19.03 860.95 660.86 90.33 6 329.57
Last year
Unit: RMB Yuan
Last year
Equity attributable to owners of the Company
Paid-up Total
Item Less: General Minority
capital owners’
Capital Specific Surplus Retaine interests
(or treasury risk Others equity
reserve reserve reserve d profit
share stock reserve
capital)
I. Balance at the end of the 595,979 64,020,2 69,712, 148,961, -4,487,4 862,087.0 875,047,70
previous year ,092.00 75.72 050.51 664.40 60.75 6 8.94
Add: retrospective
adjustments due to business 13,800,0 421,029 -6,650,8 7,570,180.
combinations under the same 00.00 .90 48.93 97
control
Add: change of accounting
policy
Correction of errors in
previous periods
Other
II. Balance at the beginning of 595,979 77,820,2 70,133, 142,310, -4,487,4 862,087.0 882,617,88
the year ,092.00 75.72 080.41 815.47 60.75 6 9.91
III. Increase/ decrease of
301,444, -676,99 300,767,08
amount in the year (“-” means
084.10 4.58 9.52
decrease)
301,444, 301,444,08
(I) Net profit
084.10 4.10
24
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
(II) Other comprehensive -676,99 -676,994.5
incomes 4.58 8
301,444, -676,99 300,767,08
Subtotal of (I) and (II)
084.10 4.58 9.52
(III) Capital paid in and
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reduced by owners
1. Capital paid in by
owners
2. Amounts of share-based
payments recognized in
owners’ equity
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Appropriations to
surplus reserves
2. Appropriations to
general risk provisions
3. Appropriations to
owners (or shareholders)
4. Other
(V) Internal carry-forward of
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity
1. New increase of capital
(or share capital) from capital
public reserves
2. New increase of capital
(or share capital) from surplus
reserves
3. Surplus reserves for
making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the
period
2. Used in the period
(Ⅶ) Other
595,979 77,820,2 70,133, 443,754, -5,164,4 862,087.0 1,183,384,
IV. Closing balance
,092.00 75.72 080.41 899.57 55.33 6 979.43
8. Statement of changes in owners’ equity of the Company
Reporting period
Unit: RMB Yuan
Reporting period
Paid-up
Item Less: General Total
capital (or Capital Specific Surplus Retained
treasury risk owners’
share reserve reserve reserve profit
stock reserve equity
capital)
I. Balance at the end of the 595,979,09 38,914,227 69,712,050 -50,242,14 654,363,22
previous year 2.00 .99 .51 6.85 3.65
Add: change of accounting
policy
Correction of errors in
previous periods
25
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Other
II. Balance at the beginning of 595,979,09 38,914,227 69,712,050 -50,242,14 654,363,22
the year 2.00 .99 .51 6.85 3.65
III. Increase/ decrease of amount -1,159,995. 15,954,365 14,794,370
in the year (“-” means decrease) 71 .81 .10
15,954,365 15,954,365
(I) Net profit
.81 .81
(II) Other comprehensive
incomes
15,954,365 15,954,365
Subtotal of (I) and (II)
.81 .81
(III) Capital paid in and -1,159,995. -1,159,995.
0.00 0.00 0.00 0.00 0.00 0.00
reduced by owners 71 71
1. Capital paid in by owners
2. Amounts of share-based
payments recognized in owners’
equity
-1,159,995. -1,159,995.
3. Others
71 71
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Appropriations to surplus
reserves
2. Appropriations to general
risk provisions
3. Appropriations to owners
(or shareholders)
4. Other
(V) Internal carry-forward of
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity
1. New increase of capital
(or share capital) from capital
public reserves
2. New increase of capital
(or share capital) from surplus
reserves
3. Surplus reserves for
making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
595,979,09 37,754,232 69,712,050 -34,287,78 669,157,59
IV. Closing balance
2.00 .28 .51 1.04 3.75
Last year
Unit: RMB Yuan
Last year
Paid-up
Item Less: General Total
capital (or Capital Specific Surplus Retained
treasury risk owners’
share reserve reserve reserve profit
stock reserve equity
capital)
I. Balance at the end of the 595,979,09 38,914,227 69,712,050 -12,849,34 691,756,02
previous year 2.00 .99 .51 3.46 7.04
26
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
Add: change of accounting
policy
Correction of errors in
previous periods
Other
II. Balance at the beginning of 595,979,09 38,914,227 69,712,050 -12,849,34 691,756,02
the year 2.00 .99 .51 3.46 7.04
III. Increase/ decrease of amount -8,283,043. -8,283,043.
in the year (“-” means decrease) 80 80
-8,283,043. -8,283,043.
(I) Net profit
80 80
(II) Other comprehensive
incomes
-8,283,043. -8,283,043.
Subtotal of (I) and (II)
80 80
(III) Capital paid in and
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
reduced by owners
1. Capital paid in by owners
2. Amounts of share-based
payments recognized in owners’
equity
3. Others
(IV) Profit distribution 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1. Appropriations to surplus
reserves
2. Appropriations to general
risk provisions
3. Appropriations to owners
(or shareholders)
4. Other
(V) Internal carry-forward of
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
owners’ equity
1. New increase of capital
(or share capital) from capital
public reserves
2. New increase of capital
(or share capital) from surplus
reserves
3. Surplus reserves for
making up losses
4. Other
(Ⅵ) Specific reserve
1. Withdrawn for the period
2. Used in the period
(Ⅶ) Other
595,979,09 38,914,227 69,712,050 -21,132,38 683,472,98
IV. Closing balance
2.00 .99 .51 7.26 3.24
27
Abstract of the Semi-Annual Report 2012 of Shenzhen Properties & Resources Development (Group) Ltd.
（III）Notes to the financial statements
1. Changes in main accounting policies or estimates, correction of any significant accounting error and the
influenced amounts
（1）Change of accounting policies
Were the main accounting policies changed during the reporting period?
□ Yes √ No
（2）Change of accounting estimates
Were the main accounting estimates changed during the reporting period?
□ Yes √ No
（3）Correction of accounting errors
Was any accounting error made in previous periods discovered in the reporting period?
□ Yes √ No
2. Reasons for any change of the consolidation scope
During the reporting period, the Company combined Shenzhen Shenxin Taxi Co., Ltd. by means of a business
combination under the same control, with the combination date on 31 May 2012.
3. If a non-standard audit report is issued, the Company should make relevant notes.
28
