Shenzhen Properties & Resources Development (Group) Ltd. Abstract of Semi-annual Report 2016
Stock code: 000011, 200011 Stock name: SZPRD A, SZPRD B Announcement No.: 15
Shenzhen Properties & Resources Development (Group) Ltd.
Abstract of Semi-annual Report 2016
1. Important notes
The Abstract is based on the full text of the semi-annual report. For more details, investors are suggested to read the full text
disclosed at the same time with the Abstract on http://www.cninfo.com.cn, the website of the Shenzhen Stock Exchange or any other
websites designated by the CSRC.
The Abstract has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the
two versions, the Chinese version shall prevail.
Corporate profile
Stock name SZPRD A, SZPRD B Stock code 000011, 200011
Stock exchange Shenzhen Stock Exchange
Contact information Board Secretary Securities Representative
Name Fan Weiping
Qian Zhong, Huang Fengchun
Tel. 0755-82211020 0755-82211020
Fax 0755-82210610 82212043 0755-82210610 82212043
E-mail 000011touzizhe@szwuye.com.cn 000011touzizhe@szwuye.com.cn
2. Financial highlights and shareholder changes
(1) Financial highlights
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year due to change in
accounting policies or correction of accounting errors
□ Yes √ No
Reporting Period Same period of last year +/- (%)
Operating revenues (RMB) 372,057,479.96 338,761,310.39 9.83%
Net profit attributable to shareholders of
-5,248,704.63 31,162,831.74 -116.84%
the Company (RMB)
Net profit attributable to shareholders of
the Company after excluding exceptional -5,865,281.91 26,946,876.19 -121.77%
profit and loss (RMB)
Net cash flows from operating activities
1,509,256,494.79 -221,909,180.93 780.12%
(RMB)
Basic earnings per share (RMB/share) -0.0088 0.0523 -116.83%
Diluted earnings per share (RMB/share) -0.0088 0.0523 -116.83%
Weighted average return on equity (%) -0.25% 1.52% -1.77%
As at the end of the
As at the end of last year +/- (%)
Reporting Period
Total assets (RMB) 5,910,285,347.18 4,379,763,486.10 34.95%
Net assets attributable to shareholders of
2,047,980,551.38 2,099,906,766.61 -2.47%
the Company (RMB)
(2) Shareholdings of the top 10 ordinary shareholders
Unit: share
Total number of ordinary 44,723
1
Shenzhen Properties & Resources Development (Group) Ltd. Abstract of Semi-annual Report 2016
shareholders at the end of the
Reporting Period
Shareholdings of the top 10 ordinary shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of restricted ordinary
ordinary
shareholder shareholder percentage shares held Status Number
shares held
SHENZHEN
CONSTRUCTI
ON
State-owned
INVESTMENT 54.33% 323,796,324 293,997,370
corporation
HOLDINGS
CORPORATIO
N
SHENZHEN
INVESTMENT
MANAGEMEN State-owned
9.49% 56,582,573 56,582,573
T corporation
CORPORATIO
N
Domestic
ZHOU QUN 0.44% 2,638,150
individual
Domestic
DU XINYE 0.43% 2,525,800
individual
Domestic
DU YUNFENG 0.40% 2,283,800
individual
SHENZHEN
DUTY-FREE Domestic
COMMODITY non-state-owne 0.29% 1,730,300 1,730,300
ENTERPRISES d corporation
CO., LTD.
Foreign
MAI FURONG 0.27% 1,514,600
individual
SHENZHEN
Domestic
SONGKAI
non-state-owne 0.22% 1,315,500
EQUIPMENT
d corporation
CO., LTD.
YANG Domestic
0.21% 1,270,620
YAOCHU individual
Domestic
CHEN LIYING 0.18% 1,076,051
individual
The first and second biggest shareholders of the Company are under Shenzhen Investment
Related or act-in-concert parties Holding Corporation, the actual controlling shareholder of the Company. Other than that, it is
among the shareholders above unknown whether the remaining 8 shareholders are related parties or act-in-concert parties or
not.
Shareholders conducting
Zhou Qun, Du Xinye and Du Yunfeng hold the shares in their credit accounts.
securities margin trading (if any)
(3) Shareholdings of the top 10 preference shareholders
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(4) Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
2
Shenzhen Properties & Resources Development (Group) Ltd. Abstract of Semi-annual Report 2016
Change of the actual controller in the Reporting Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
3. Discussion and analysis by the management
A. General performance
China’s real estate market continued to heat up in the beginning of 2016 as it did in 2015. In the first quarter of the
year, market expectations were great with accommodative policy and credit settings and property transactions
went up steadily as a result, but some third-and-fourth-tier cities were still under great pressure of de-stocking.
Since the second quarter, in order to prevent over-heat of property prices, Shanghai and Shenzhen has unveiled
tightening measures. Meanwhile, some needs have been overdrawn in a market that has been active from the
second half of last year. In addition, house prices are high in hotspot cities such as Suzhou and Dongguan.
Consequently, the wait-and-see mood is growing in the market. Property sales in Shenzhen dropped slightly from
the first quarter, slowing down the growth in the neighboring markets such as Dongguan and Huizhou.
In face of a complex environment, we put our annual targets at the heart of everything we did, strengthened
management and implementation, seized opportunities in the market and accelerated progress on our major
projects to ensure the achievement of our annual targets. For the first half of the year, we achieved operating
revenues of RMB372.06 million.
B. Our real estate business
In the first half of 2016, our main business of real estate generated revenue of RMB101.95 million, up 17.32%
year on year, mainly because Yangzhou Project Phase I started the move-in in June 2015 and 10,798 ㎡ was sold
in the first half of 2016, while only 1,898 ㎡ of all of our real estate projects was sold in the same period of last
year. Meanwhile, our sidelines such as property leasing, property management and auto transportation maintained
steady development.
In the first half of the year, we mainly had three projects on the market, namely, Shenzhen Qianhai Gangwan
Garden, Dongguan Songhu Langyuan and Yangzhou Hupan Yujing. Grasping opportunities arising from the
radiation of growth from first-tier cities to second-and-third-tier cities, we drew up the best selling prices and
strategies through many discussions, and the said three projects all yielded desired sales results. The Shenzhen
Qianhai Gangwan Garden project was open for sale at the end of 2015 and had sold 471 units by June 2016,
generating revenue of approximately RMB2.168 billion. For our projects outside Shenzhen (Yangzhou, Dongguan,
etc.), we strengthened the marketing teams and market research and adopted integrated marketing measures in a
timely, effective manner according to the characteristics of and changes in the local markets, which greatly
boosted the sales of the projects. Concerning the project in Dongguan, the average price has risen from
RMB6800/㎡ at the beginning of its sale to an amount over RMB10,000/㎡, and 1,166 units have been sold for a
sales income of around RMB948 million. As for the project in Yangzhou, 271 units have been sold for about
RMB0.4 billion.
C. Progress on our major projects
SZPRD-Hupan Yujing project (in Yangzhou): an investment of RMB63.86 million in the Reporting Period, and
accumulative investments at RMB877.20 million. External decoration completed for Building No. 1, 2 and 3,
other buildings going through internal and external decoration, and pre-sale license obtained for Building No. 8.
SZPRD-Banshan Yujing project (in Xuzhou): an investment of RMB18.65 million in the Reporting Period, and
accumulative investments at RMB612.34 million. General construction and landscaping completed; and except
for planning acceptance, other acceptances completed.
SZPRD-Songhu Langyuan project (in Dongguan): an investment of RMB62.87 million in the Reporting Period,
and accumulative investments at RMB667.21 million. 95% completed for internal and external decoration; 85%
completed for mechanical and electrical installation; and 88% completed for landscaping.
SZPRD-Qianhai Gangwan Garden project: an investment of RMB86.69 million in the Reporting Period, and
accumulative investments at RMB563.05 million. 91% completed for external decoration and mechanical &
electrical installation; 79% completed for internal decoration; and 44% completed for landscaping.
SZPRD-Golden Collar’s Holiday project: an investment of RMB19.44 million in the Reporting Period, and
accumulative investments at RMB175.56 million. Flooring for basements ongoing; and 4% completed for the
main structure.
3
Shenzhen Properties & Resources Development (Group) Ltd. Abstract of Semi-annual Report 2016
4. Matters related to financial reporting
(1) Explain any changes in the accounting policies, accounting estimates and measurement methods as
compared with the financial reporting of last year
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(2) Explain any retroactive restatements due to correction of significant accounting errors in the Reporting
Period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(3) Explain any changes in the consolidation scope as compared with the financial reporting of last year
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(4) Explanation of the Board of Directors and the Board of Supervisors concerning the “non-standard”
auditor’s report issued by the CPAs firm for the Reporting Period
□ Applicable √ Not applicable
4
