Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Shenzhen Properties & Resources Development (Group) Ltd.
Report for the Third Quarter of 2013
October 2013
1
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Shenzhen Properties & Resources Development (Group) 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.
Chen Yugang, company principal, Wang Hangjun, chief of the accounting work, and Shen Xueying,
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 2013 of Shenzhen Properties & Resources Development (Group) 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. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 3,784,527,998.18 4,006,705,938.73 -5.55%
Net assets attributable to
shareholders of the Company 1,858,670,218.86 1,502,852,915.53 23.68%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 133,544,384.58 -68.17% 1,481,738,491.87 41.92%
Net profit attributable to
shareholders of the Company 2,659,823.97 -96.51% 356,260,816.78 103.69%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
3,575,734.71 -95.27% 355,961,135.14 163.54%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 76,924,547.09 -86.92%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.0045 -96.48% 0.5978 103.68%
Diluted EPS (RMB Yuan/share) 0.0045 -96.48% 0.5978 103.68%
Weighted average ROE (%) 0.16% -6.08% 21.2% 6.89%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the
-30,749.16
offset part of asset impairment provisions)
Reversal of impairment provisions for the accounts receivable on
303,627.40
which impairment tests were carried out separately
Other non-operating income and expenses other than the above -626,171.97
Less: Income tax effects -652,975.37
Total 299,681.64 --
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
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
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
44,236
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
SHENZHEN
CONSTRUCTIO
N State-owned
54.33% 323,791,299 293,992,345 0
INVESTMENT corporation
HOLDINGS
CORPORATION
SHENZHEN
INVESTMENT State-owned
9.49% 56,582,573 56,582,573 0
MANAGEMENT corporation
CORPORATION
SHENZHEN
GUOMAO
State-owned
PROPERTY 0.32% 1,881,841 0 0
corporation
MANAGERME
NT CO., LTD.
SHENZHEN
DUTY-FREE Domestic
COMMODITY non-state-owned 0.29% 1,730,300 1,730,300 0
ENTERPRISES corporation
CO., LTD.
BQDEA/REYL(
LUX)GLOBALF
Foreign
UNDSEMERGI 0.28% 1,128,182 0 0
corporation
NG MARKETS
EQ
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Domestic natural
LONG KEYI 0.18% 1,075,350 0 0
person
Domestic natural
CHEN LIYING 0.17% 1,036,051 0 0
person
Domestic natural
ZHANG HUI 0.17% 1,000,000 0 0
person
GUOTAI
JUNAN
Foreign
SECURITIES 0.16% 926,184 0 0
corporation
(HONGKONG)
LIMITED
HONG GENG Domestic natural
0.15% 909,219 0 0
DONG person
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
SHENZHEN CONSTRUCTION
RMB ordinary
INVESTMENT HOLDINGS 29,798,954 29,798,954
shares
CORPORATION
SHENZHEN GUOMAO
RMB ordinary
PROPERTY MANAGERMENT 1,881,841 1,881,841
shares
CO., LTD.
Domestically
BQDEA/REYL(LUX)GLOBALFU
1,128,182 listed foreign 1,128,182
NDSEMERGING MARKETS EQ
shares
RMB ordinary
LONG KEYI 1,075,350 1,075,350
shares
Domestically
CHEN LIYING 1,036,051 listed foreign 1,036,051
shares
RMB ordinary
ZHANG HUI 1,000,000 1,000,000
shares
Domestically
GUOTAI JUNAN SECURITIES
926,184 listed foreign 926,184
(HONGKONG) LIMITED
shares
RMB ordinary
LIU YUNDE 800,000 800,000
shares
ZHONGRONG INTERNATIONAL RMB ordinary
784,000 784,000
TRUST CO., LTD.－ZRT NORTH shares
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
NO. 2 SECURITIES
INVESTMENT ASSEMBLED
FUNDS TRUST PLAN
RMB ordinary
LU YAN HONG 663,400 663,400
shares
Explanation on associated The first shareholder is managed by Shenzhen Investment Holding Corporation, the actual
relationship or persons acting in controlling shareholder of the Company. And the third shareholder is a wholly-funded
concert among the above-mentioned subsidiary of the Company. Other than that, it is unknown whether the remaining 8
shareholders shareholders are related parties or acting-in-concert parties.
Shareholders taking part in margin
financing and securities lending (if Naught
any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) 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
1. Other receivables stood at RMB 12,955,438.51 at the period-end, increasing 103.33% from the year-begin,
which was mainly because the electricity and water fees that the Company and its subsidiaries had paid on behalf
of others and had not been repaid increased.
2. Accounts received in advance stood at RMB 58,043,576.34 at the period-end, decreasing 91.44% from the
year-begin, which was mainly because the advances on housing properties were carried over on satisfaction of the
relevant conditions.
3. Long-term borrowings stood at RMB 69,860,018.63 at the period-end, increasing 261.66% from the year-begin,
which was mainly because the Company and its subsidiaries secured more borrowings for their projects.
4. Deferred income tax liabilties stood at RMB 0.00 at the period-end, decreasing 100.00% from the year-begin,
which was mainly because some projects were carried over on satisfaction of relevant conditions and the taxable
differences decreased.
5. Retained profit stood at RMB 1,102,351,991.58 at the period-end, increasing 47.75% from the year-begin,
which was mainly because the Company made profit in the period from the year-begin to the period-end.
6. Operating revenues for Jan.-Sept. 2013 stood at RMB 1,481,738,491.87, increasing 41.92% from the same
period of last year, which was mainly because the concluded projects and the project sales both increased.
7. Business taxes and surtaxes for Jan.-Sept. 2013 stood at RMB 300,827,247.86, increasing 66.64% from the
same period of last year, which was mainly because the real estate income increased and the business tax, the land
VAT and some other taxes and fares increased.
8. Financial expenses for Jan.-Sept. 2013 stood at RMB -4,963,868.24, decreasing 64.84% from the same period
of last year, which was mainly because the interest income increased.
9. Asset impairment loss for Jan.-Sept. 2013 stood at RMB 1,242,354.24, increasing 120.85% from the same
period of last year, which was mainly because the reversed bad debt provisions decreased while the bad-debt
provisions made increased.
10. Investment gains for Jan.-Sept. 2013 stood at RMB 5,178,021.22, increasing 152.21% from the same period of
last year, which was mainly because the gains on joint ventures increased.
11. Investment gains on associates and joint ventures for Jan.-Sept. 2013 stood at RMB 5,178,021.22, increasing
152.21% from the same period of last year, which was mainly because the gain on the joint venture Shenzhen
Guomao Tian’an Properties Co., Ltd. increased.
12. Non-operating incomes and expenses-net for Jan.-Sept. 2013 stood at RMB -656,921.13, decreasing 178.85%
from the same period of last year, which was mainly because the lawsuit compensations increased.
13. Income tax expenses for Jan.-Sept. 2013 stood at RMB 106,217,105.15, increasing 104.29% from the same
period of last year, which was mainly because profit of the Company increased.
14. Operating profit, total profit and net profit (attributable to the Company) for Jan.-Sept. 2013 stood at RMB
463,134,843.06, RMB 462,477,921.93 and RMB 356,260,816.78 respectively, increasing 104.96%, 104.37% and
103.69% respectively from the same period of last year, which was mainly because the project area avaiable for
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
settlement increased and the carried-over income increased considerably.
15. Net cash flows from operating activities for Jan.-Sept. 2013 stood at RMB 76,924,547.09, decreasing 86.92%
from the same period of last year, which was mainly because the capital inflows from sale of housing properties
decreased.
16. Net cash flows from investing activities for Jan.-Sept. 2013 stood at RMB -7,171,335.43, decreasing 189.40%
from the same period of last year, which was mainly because the funds used to purchase fixed assets in Jan.-Sept.
2013 increased and the Company received investment gains in the same period of last year.
17. Net cash flows from financing activities for Jan.-Sept. 2013 stood at RMB -24,730,866.65, with the net cash
outflows decreasing 85.52% from the same period of last year, which was mainly because the funds received as
borrowings increased.
18. Net increase in cash and cash equivalents for Jan.-Sept. 2013 stood at RMB 44,916,585.32, decreasing 89.44%
from the same period of last year, which was mainly because the capital inflows from sale of housing properties
decreased.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
Significant events had not happened, will happen, or happened during previous period but last till the reporting period.
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
Naught
IV. Predict the 2013 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the
year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as
explanations on the reasons
□Applicable √Inapplicable
V. Securities investment
Sharehold Sharehold
Initial Number Number Closing Gain/loss
ing ing
investme of shares of shares book for report
Variety of Code of Name of percentag percentag Accounti Source of
nt cost held at held at value period
securities securities securities e at e at ng title stock
(RMB period-be period-en (RMB (RMB
period-be period-en
Yuan) gin d Yuan) Yuan)
gin d
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Disclosure date of the board
announcement on approval of
the securities investment
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Disclosure date of the general
meeting announcement on
approval of the securities
investment (if any)
Shareholdings in other listed companies
√Applicable □Inapplicable
Code of Abbrevia Intial investment Percenta Equity chages
securities tion of amount ge of Gain/loss of the owner
Closing book Source of
securities equities for report in the Accounting title
value stock
period reporting
period
000509 S*ST 2,962,500.00 0.33% 802,199.55 0.00 0.00 Long-term Directional
China equity purchase of
Plastic investment the corporate
shares
Total 2,962,500.00 - 802,199.55 0.00 0.00
VI. Investments in derivatives
Unit: RMB Ten thousand Yuan
Proportio
n of the
closing
Actual
Related-p Type of Impairme investmen
Initial Opening Closing gain/loss
arty derivative Beginnin Ending nt t amount
Operator Relation investmen investmen investmen in
transactio investmen g date date provision in the
t amount t amount t amount reporting
n or not t (if any) Company
period
’s closing
net assets
(%)
Total 0 -- -- 0 0 0 0% 0
Capital source for derivative investment Not happened.
Litigation cases situation (if applicable) Not happened.
Disclosure date of the board announcement
approving the wealth management
entrustment (if any)
Disclosure date of the general meeting
announcement approving the wealth
management entrustment (if any)
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
VII. Researches, visits and interviews received in the reporting period
Main discussion and
Time of reception Place of reception Way of reception Visitor type Visitor materials provided by the
Company
The Shenzhen
The land lies in Qianhai of
Stock Exchange
9 Jul. 2013 Other Individual Investor the Company and the
Investors
mid-term bonus plan.
interactive platform
The Shenzhen
Stock Exchange Basic situation of the
17 Jul. 2013 Other Individual Investor
Investors Company
interactive platform
The Shenzhen
Stock Exchange Situation of the Company’s
3 Aug. 2013 Other Individual Investor
Investors earnings preannouncement.
interactive platform
The Company’s sales
The Shenzhen
situation of the self-owned
Stock Exchange
9 Aug. 2013 Other Individual Investor projects and the
Investors
construction process of the
interactive platform
projects in constructions.
The Shenzhen
Project situation in Xuzhou
Stock Exchange
5 Sep. 2013 Other Individual Investor and Dongguan of the
Investors
Company.
interactive platform
Does the Company benefit
Board Office of the Telephone
23 Sep. 2013 Individual Investor from the policies of
Company Communication
Qianhai?
Future market development
Board Office of the Telephone
25 Sep. 2013 Individual Investor plan and the emphasis of
Company Communication
the Company.
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 842,640,896.69 797,724,311.37
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable
Accounts receivable 86,616,169.36 76,584,008.68
Accounts paid in advance 51,993,679.82 64,714,990.11
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 12,955,438.51 6,371,689.34
Financial assets purchased under
agreements to resell
Inventories 2,040,245,719.70 2,300,674,551.14
Non-current assets due within 1 year
Other current assets
Total current assets 3,034,451,904.08 3,246,069,550.64
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets
Held-to-maturity investments
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Long-term accounts receivable
Long-term equity investment 78,427,370.92 84,249,349.70
Investing property 277,612,656.61 285,258,604.17
Fixed assets 74,785,503.41 78,821,168.21
Construction in progress 57,000.00 57,000.00
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 108,733,215.83 114,098,153.11
R&D expense
Goodwill
Long-term deferred expenses 3,427,037.88 3,644,288.40
Deferred income tax assets 207,033,309.45 194,507,824.50
Other non-current assets
Total of non-current assets 750,076,094.10 760,636,388.09
Total assets 3,784,527,998.18 4,006,705,938.73
Current liabilities:
Short-term borrowings 300,000,000.00 360,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable
Accounts payable 254,342,305.98 298,525,752.32
Accounts received in advance 58,043,576.34 678,075,291.01
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 41,955,776.00 54,721,616.91
Tax payable 857,901,836.65 733,659,679.71
Interest payable
Dividend payable
Other accounts payable 186,166,150.43 195,045,649.98
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
16,559,888.32 14,909,888.32
year
Other current liabilities
Total current liabilities 1,714,969,533.72 2,334,937,878.25
Non-current liabilities:
Long-term borrowings 69,860,018.63 19,316,666.64
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 2,739,089.94
Other non-current liabilities 140,166,139.91 145,997,301.31
Total non-current liabilities 210,026,158.54 168,053,057.89
Total liabilities 1,924,995,692.26 2,502,990,936.14
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 595,979,092.00 595,979,092.00
Capital reserves 63,783,019.03 63,783,019.03
Less: Treasury stock
Specific reserves
Surplus reserves 102,882,532.15 102,882,532.15
Provisions for general risks
Retained profits 1,102,351,991.58 746,091,174.80
Foreign exchange difference -6,326,415.90 -5,882,902.45
Total equity attributable to owners of
1,858,670,218.86 1,502,852,915.53
the Company
Minority interests 862,087.06 862,087.06
Total owners’ (or shareholders’) equity 1,859,532,305.92 1,503,715,002.59
Total liabilities and owners’ (or
3,784,527,998.18 4,006,705,938.73
shareholders’) equity
13
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
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
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 311,578,397.85 399,641,751.92
Transactional financial assets
Notes receivable
Accounts receivable 57,335,412.34 56,779,588.68
Accounts paid in advance 377,946.00 138,000.00
Interest receivable
Dividend receivable
Other accounts receivable 1,096,199,837.32 793,063,936.59
Inventories 325,419,312.09 324,442,304.42
Non-current assets due within 1 year 475,000,000.00
Other current assets 150,000,000.00
Total current assets 1,940,910,905.60 2,049,065,581.61
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 310,715,131.90 316,537,110.68
Investing property 184,938,214.82 193,719,444.41
Fixed assets 16,450,409.79 18,999,543.38
Construction in progress
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets
R&D expense
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Goodwill
Long-term deferred expenses 1,686,518.04 1,816,250.25
Deferred income tax assets
Other non-current assets 130,000,000.00
Total of non-current assets 643,790,274.55 531,072,348.72
Total assets 2,584,701,180.15 2,580,137,930.33
Current liabilities:
Short-term borrowings 240,000,000.00
Transactional financial liabilities
Notes payable
Accounts payable 27,595,677.61 33,664,931.14
Accounts received in advance 12,352,200.00 426,641.50
Employee’s compensation payable 8,614,205.23 10,017,975.02
Tax payable 2,419,155.23 2,092,132.57
Interest payable
Dividend payable
Other accounts payable 1,226,368,567.21 1,503,502,567.38
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 1,517,349,805.28 1,549,704,247.61
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
Total non-current liabilities 1,851,595.90
Total liabilities 1,517,349,805.28 1,551,555,843.51
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 37,754,232.28
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Less: Treasury stock
Specific reserves
Surplus reserves 102,225,721.71 102,225,721.71
Provisions for general risks
Retained profits 331,392,328.88 292,623,040.83
Foreign exchange difference
Total owners’ (or shareholders’) equity 1,067,351,374.87 1,028,582,086.82
Total liabilities and owners’ (or
2,584,701,180.15 2,580,137,930.33
shareholders’) equity
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
3. Consolidated income statement for the reporting period
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 133,544,384.58 419,542,559.90
Including: Sales income 133,544,384.58 419,542,559.90
II. Total operating cost 130,295,041.84 320,456,215.27
Including: Cost of sales 82,438,932.47 164,120,425.75
Taxes and associate
16,862,532.96 122,150,255.25
charges
Selling and distribution expenses 6,807,193.17 10,536,332.44
Administrative expenses 25,543,541.21 25,338,996.91
Financial expenses -1,368,803.22 -1,689,795.08
Asset impairment loss 11,645.25
Gain/(loss) from investment (“-”
787,897.58 551,552.30
means loss)
Including: share of profits in associates
787,897.58 551,552.30
and joint ventures
III. Business profit (“-” means loss) 4,037,240.32 99,637,896.93
Add: non-operating income -358,085.39 948,915.94
Less: non-operating expense 888,149.91 115,750.74
Including: loss from non-current asset 1,254.66 28,458.15
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
disposal
IV. Total profit (“-” means loss) 2,791,005.02 100,471,062.13
Less: Income tax expense 131,181.05 24,251,040.34
V. Net profit (“-” means loss) 2,659,823.97 76,220,021.79
Attributable to owners of the
2,659,823.97 76,220,021.79
Company
VI. Earnings per share -- --
(I) Basic earnings per share 0.0045 0.1279
(II) Diluted earnings per share 0.0045 0.1279
Ⅶ. Other comprehensive incomes 260,766.26 -220,538.72
Ⅷ. Total comprehensive incomes 2,920,590.23 75,999,483.07
Attributable to owners of the
2,920,590.23 75,999,483.07
Company
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 for the reporting period
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 13,155,236.75 11,984,996.41
Less: cost of sales 5,887,359.45 4,733,631.14
Business taxes and surcharges 1,854,747.90 2,006,295.65
Administrative expenses 9,898,161.16 9,973,393.45
Financial costs 3,019,307.51 -255,381.09
Impairment loss -31,048.64 342,038.98
Gain/(loss) from investment (“-” means
6,068,697.58 9,748,302.30
loss)
Including: income form investment on
787,897.58 551,552.30
associates and joint ventures
II. Business profit (“-” means loss) -1,404,593.05 4,933,320.58
Add: non-business income 44,739.28 54,040.00
Less: non-business expense 30,000.00 31,452.19
III. Total profit (“-” means loss) -1,389,853.77 4,955,908.39
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Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
IV. Net profit (“-” means loss) -1,389,853.77 4,955,908.39
V. Earnings per share -- --
(I) Basic earnings per share -0.0023 0.0083
(II) Diluted earnings per share -0.0023 0.0083
VI. Total comprehensive income -1,389,853.77 4,955,908.39
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 1,481,738,491.87 1,044,062,830.19
Including: Sales income 1,481,738,491.87 1,044,062,830.19
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 1,023,781,670.03 820,156,105.18
Including: Cost of sales 635,617,538.27 556,160,184.99
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 300,827,247.86 180,527,842.04
Selling and distribution expenses 14,174,997.96 18,738,366.82
Administrative expenses 76,883,399.94 73,698,983.64
Financial expenses -4,963,868.24 -3,011,331.35
Asset impairment loss 1,242,354.24 -5,957,940.96
18
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
5,178,021.22 2,053,061.42
means loss)
Including: share of profits in associates
5,178,021.22 2,053,061.42
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 463,134,843.06 225,959,786.43
Add: non-operating income 2,152,797.45 2,129,595.68
Less: non-operating expense 2,809,718.58 1,790,203.10
Including: loss from non-current asset
76,887.35 58,159.07
disposal
IV. Total profit (“-” means loss) 462,477,921.93 226,299,179.01
Less: Income tax expense 106,217,105.15 51,992,849.23
V. Net profit (“-” means loss) 356,260,816.78 174,306,329.78
Including: Net profit achieved by
combined parties before the 1,312,539.70
combinations
Attributable to owners of the
356,260,816.78 174,906,307.01
Company
Minority shareholders’ income -599,977.23
VI. Earnings per share -- --
(I) Basic earnings per share 0.5978 0.2935
(II) Diluted earnings per share 0.5978 0.2935
Ⅶ. Other comprehensive incomes -443,513.45 -65,642.80
Ⅷ. Total comprehensive incomes 355,817,303.33 174,240,686.98
Attributable to owners of the
355,817,303.33 174,840,664.21
Company
Attributable to minority
-599,977.23
shareholders
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
19
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 38,609,403.23 35,434,861.35
Less: cost of sales 10,511,206.75 14,490,936.40
Business taxes and surcharges 5,763,188.30 6,957,264.20
Distribution expenses
Administrative expenses 29,389,406.53 28,075,665.49
Financial costs 3,336,361.36 -1,225,535.01
Impairment loss -22,176,370.27 -4,724,920.76
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
25,398,421.22 30,207,003.19
loss)
Including: income form investment on
5,178,021.22 2,053,061.42
associates and joint ventures
II. Business profit (“-” means loss) 37,184,031.78 22,068,454.22
Add: non-business income 1,617,443.28 345,608.93
Less: non-business expense 32,187.01 1,503,788.95
Including: loss from non-current asset
2,187.01 1,359.60
disposal
III. Total profit (“-” means loss) 38,769,288.05 20,910,274.20
Less: income tax expense
IV. Net profit (“-” means loss) 38,769,288.05 20,910,274.20
V. Earnings per share -- --
(I) Basic earnings per share 0.0651 0.0351
(II) Diluted earnings per share 0.0651 0.0351
VI. Other comprehensive income
VII. Total comprehensive income 38,769,288.05 20,910,274.20
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
20
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
893,586,011.86 1,585,210,179.74
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
22,828,938.98 18,018,232.63
operating activities
Subtotal of cash inflows from operating
916,414,950.84 1,603,228,412.37
activities
Cash paid for goods and services 329,377,118.18 496,469,948.90
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
21
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 196,899,643.15 177,842,182.24
Various taxes paid 257,535,759.53 248,831,302.47
Other cash payment relating to
55,677,882.89 92,162,672.95
operating activities
Subtotal of cash outflows from
839,490,403.75 1,015,306,106.56
operating activities
Net cash flows from operating activities 76,924,547.09 587,922,305.81
II. Cash flows from investing activities:
Cash received from withdrawal of
investments
Cash received from return on
9,705,931.45
investments
Net cash received from disposal of
fixed assets, intangible assets and other 415,668.00 735,231.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
415,668.00 10,441,162.45
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 7,587,003.43 2,419,479.97
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
7,587,003.43 2,419,479.97
investing activities
Net cash flows from investing activities -7,171,335.43 8,021,682.48
22
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 361,243,352.00 186,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
361,243,352.00 186,000,000.00
activities
Repayment of borrowings 369,050,000.01 317,145,212.01
Cash paid for interest expenses and
16,642,218.64 38,061,321.24
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
282,000.00 1,584,500.00
financing activities
Sub-total of cash outflows from
385,974,218.65 356,791,033.25
financing activities
Net cash flows from financing activities -24,730,866.65 -170,791,033.25
IV. Effect of foreign exchange rate
-105,759.69 38,954.51
changes on cash and cash equivalents
V. Net increase in cash and cash
44,916,585.32 425,191,909.55
equivalents
Add: Opening balance of cash and
797,724,311.37 469,313,741.57
cash equivalents
VI. Closing balance of cash and cash
842,640,896.69 894,505,651.12
equivalents
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by Shenzhen Properties & Resources Development (Group) Ltd.
23
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
37,168,425.23 35,264,786.16
commodities and rendering of service
Tax refunds received
Other cash received relating to
516,364,591.52 727,979,585.98
operating activities
Subtotal of cash inflows from operating
553,533,016.75 763,244,372.14
activities
Cash paid for goods and services 5,870,996.83 5,097,690.13
Cash paid to and for employees 18,007,756.06 13,377,954.00
Various taxes paid 8,823,131.02 10,068,456.28
Other cash payment relating to
1,058,589,577.91 555,738,828.65
operating activities
Subtotal of cash outflows from
1,091,291,461.82 584,282,929.06
operating activities
Net cash flows from operating activities -537,758,445.07 178,961,443.08
II. Cash flows from investing activities:
Cash received from retraction of
195,000,000.00
investments
Cash received from return on
20,220,400.00 37,859,931.45
investments
Net cash received from disposal of
fixed assets, intangible assets and other 4,198.00
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
215,224,598.00 37,859,931.45
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 167,507.00 9,619,722.61
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
24
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
Other cash payments relating to
investing activities
Subtotal of cash outflows from
167,507.00 9,619,722.61
investing activities
Net cash flows from investing activities 215,057,091.00 28,240,208.84
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings 240,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
240,000,000.00
activities
Repayment of borrowings
Cash paid for interest expenses and
5,080,000.00
distribution of dividends or profit
Other cash payments relating to
282,000.00
financing activities
Sub-total of cash outflows from
5,362,000.00
financing activities
Net cash flows from financing activities 234,638,000.00
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-88,063,354.07 207,201,651.92
equivalents
Add: Opening balance of cash and
399,641,751.92 83,846,009.34
cash equivalents
VI. Closing balance of cash and cash
311,578,397.85 291,047,661.26
equivalents
Legal representative: Chen Yugang Person-in-charge of the accounting work: Wang Hangjun
Chief of the accounting division: Shen Xueying
25
Report for the Third Quarter of 2013 of Shenzhen Properties & Resources Development (Group) Ltd.
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
26