Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2016
Stock code: 000018 ，200018 Stock ID : Sino Great Wall ，Sino B Announcement No. 2016-
Summary of 2016 Annual Report of Sino Great Wall Co., Ltd.
1 Important notes
The summary is abstract from full-text of summary of the semi-annual report, for more details information ,
investors should found in the full-text of summary of the semi-annual report that published on website of
Shenzhen Stock Exchange and other website appointed by CSRC.
Company Profile
Stock abbreviation Sino Great Wall ，Sino-B Stock code： 000018、200018
Stock exchange for listing Shenzhen Stock Exchange
Contact person and contact manner Board secretary Securities affairs Representative
Name Yang Chunling Liu Guofa
Tel 010-89045855 010-89045855
Fax 010-89045856 010-89045856
E-mail 1208806865@qq.com 000018sz@sina.com
II. Financial data and change of shareholders.
（1）Financial data
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
Reporting period Same period of last year YoY+/-（%）
Operating income（RMB） 1,953,574,755.51 2,081,209,219.16 -6.13%
Net profit attributable to the shareholders
202,299,416.64 165,342,341.12 22.35%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 175,937,165.15 165,020,064.04 6.62%
listed company（RMB）
Cash flow generated by business operation,
-1,256,615,959.20 -243,795,872.83 415.44%
net（RMB）
Basic earning per share(RMB/Share) 0.12 0.10 20.00%
Diluted gains per
0.12 0.10 20.00%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 14.47% 12.84% 1.63%
As at the end of the
As at the end of last year YoY+/-（%）
reporting period
Gross assets (RMB) 5,781,742,089.91 4,017,462,824.63 43.92%
Net assets attributable to shareholders of
1,514,525,228.17 1,282,256,738.74 18.11%
the listed company （RMB）
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Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2016
（2）Statement of shares held by top 10 shareholders
In shares
Total Number of common
shareholders at the end of the 54,275
reporting period
Shareholdings of the top 10 common shareholders
Frozen or pledged
Name of the Properties of Share
Total shares Conditional shares Status of
shareholder shareholder proportion % Amount
shares
Domestic
Chen Lve 34.33% 582,944,556 582,109,696 Mortgage 431,760,594
Natural person
Domestic Non-
Union Holdings Co.,
State-owned 6.79% 115,295,921 0
Ltd.
legal person
STYLE-SUCCESS Foreign legal
5.47% 92,970,910 0
LIMITED person
Shanghai Financial Domestic Non-
Development State-owned 4.49% 76,300,504 76,300,504
Investment Fund(LP) legal person
Domestic
He Feiyan 3.23% 54,800,458 54,800,458
Natural person
Jiutai Fund－Bank of
Communications－
Jiutai Huitong No.2 Other 2.50% 42,479,672 42,479,672
specific customer
asset management
pla
Wuxi Hengtai Domestic Non-
Jiuding Assets legal person
2.26% 38,330,615 38,330,615
Management Centre State-owned
（LP） legal person
Foshan Haihui
Domestic Non-
Heying Venture
legal person
Imvestment 2.25% 38,150,252 38,150,252
State-owned
Partnership(Limited
legal person
Partnership)
Domestic Non-
Jiangxi Taihao
legal person
Venture Investment 1.87% 31,791,879 31,791,879
State-owned
Centre(LP）
legal person
Yantai
Domestic Non-
ZhaoxuanYuantai
legal person
Jiuding Venture 1.87% 31,742,745 31,742,745
State-owned
Investment
legal person
Centre(LP)
Chen Lve and He Yanfei are consortium officers; Wuxi Hengtai Jiuding Assets
Management Centre （LP）and Yantai Zhaoxuan Yuantai Jiuding Venture Investment Centre
Explanation on associated relationship （LP）are consortium officers; Union Development Group Ltd. is the controlling
among the aforesaid shareholders shareholder of the above-mentioned shareholder Shenzhen Union Holdings Ltd. and third
shareholder Rich Crown Investment Co., Ltd. The other tradable shareholders neither knew
whether there exists associated relationship between them.
Notes to the shareholders involved in
None
financing securities (if any)
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Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2016
（3）The top 10 preference share holders
□ Applicable √ Not applicable
The controlling no preference shareholders of the Company in the report period.
（4）Changing of controlling shareholder and practical controller of the Company.
Change of holding shareholder
□ Applicable √ Not applicable
No change of holding shareholder in the report period.
Change of substantial controller
□ Applicable √ Not applicable
No change of substantial controller in the report period.
III. Discussion and analysis by the management
1. Business highlights
Since 2015, SGW Co., LTD has shorten the interior fitting business in China , extensively developed the ove
rseas EPC projects and investment opportunity, and strengthen the Medical Care and PPP investment. Affected b
y the slowdown in the domestic construction market and so forth factors, the company’s domestic decoration busi
ness had got a slowdown in a certain extent, gross profit margin is low. As for the company's overseas business d
evelopment, , SGW successively signed a major construction contracts in southeast Asia and Africa, other countri
es and regions. SGW signed a memorandum of understanding about Ethiopia medical industrial park with China's
transportation construction Co.,Ltd. International engineering branch. The overseas business has kept good growth
rate, overseas revenue grew by 103.64% year on year, which covers the rate of74.62% of total revenue of SGW
Co., LTD.
For the Medical Care, SGW Co., LTD has acquired Wuhan Commercial & Vocational Hospital Co.,Ltd (here
inafter referred to as "Wuhan Commercial & Vocational Hospital ") . Moreover, SGW invested the PPP Project of
the first Phase of Lu YI Xian Ren Ming Hospital Removal and Construction Works. SGW Co., Ltd won the bid o
f Guizhou Zhong Shan Liang DU Hong Qiao Third-Grade Class-A Hospital Project. And the medical care invest
ment and PPP project have a very good beginning.
To look forward, based on the analysis to the Construction Market of domestic and Abroad and current state
and future development prospect, SGW Co., Ltd will go on strengthening the EPC Contracting and investment alo
ng the “ One Road, One Belt” Countries, enhance the investment of Medical Care and PPP business to keep the ra
pid growth of current business. Besides, in order to secure the stable growth of domestic business, the Company w
ill actively respond to the Government Policy, Seize the development opportunity , where Chinese Government an
d Social Capital work together, fully develop the PPP investment and construction opportunity. SGW Co. Ltd wi
ll improve its business scope and profitability so as to lay a solid foundation for the everlasting development.
During the reporting period, the company realized the total revenue of RMB 1953.5748 million, a decrease
of 6.13% compared to the same period of last year; realized the operating profits of RMB 213.0631 million, a
decrease of 5.79% compared to the same period of last year; realized the net profits attributable to shareholders of
the listed company of RMB 202.2994 million, an increase of 22.35% compared to the same period of last year.
(2)Year-on-year changes in major financial statistics
In RMB
YOY
This report period Same period last year Cause change
change（%）
Operating income
1,953,574,755.51 2,081,209,219.16 -6.13% 。
Operating cost 1,460,727,131.33 1,690,684,183.21 -13.60%
Sale expenses 9,259,264.24 7,502,905.30 23.41%
Mainly due to the setting-up of overseas
Administrative expenses 112,993,754.29 64,838,318.67 74.27% group company and overseas regional
companies in the second half year of 2015.
Due to the increase of overseas
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Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2016
management personnel in the current
reporting period compared to the previous
period.
Due to the increase of borrowing from
Financial expenses 70,024,674.60 17,908,021.84 291.02%
financial institutions in the current period
Due to the change of income tax rate of the
Income tax expenses 37,862,759.83 61,167,289.27 -38.10%
company’s subsidiary
R&D investment 64,858,681.88 64,725,606.72 0.21%
Due to the project cash deposit as
collateral and expenditure of advanced
Net cash flows from
-1,256,615,959.20 -243,795,872.83 415.44% payment increased largely as the overseas
operating activities
business increased rapidly in the current
period
Due to the payable of Wuhan Commercial
Net cash flows from
-100,287,677.86 -16,471,509.45 508.86% &Vocational Hospital Co.,Ltd in the
investing activities
current period.
Net cash flows from Due to the borrowing from bank increased
1,383,660,404.96 177,769,654.93 678.34%
financing activities in the current period
Net increase in cash and
28,377,720.07 -82,539,347.92 -134.38%
cash equivalents
（3） Composition of principal businesses
In RMB
Increase/decrease Increase/decrease
Increase/decrease
of principal of gross profit
of reverse in the
Operating Gross profit business cost over rate over the
operating costs same period of
revenue rate(%) the same period same period of
the previous
of previous year the previous year
year(%)
(%) (%)
Industry
Decoration works 514,581,944.96 430,177,995.85 16.40% -63.02% -63.21% 0.42%
Engineering
2,861,377.29 989,075.00 65.43% -44.58% -68.76% 26.76%
design
EPC 1,430,818,506.77 1,029,560,060.48 28.04% 113.63% 102.36% 4.01%
Product
None
Area
Domestic 495,748,253.47 409,999,729.35 17.30% -63.69% -64.17% 1.11%
Overseas 1,457,710,561.70 1,050,727,401.98 27.92% 103.64% 92.34% 4.23%
IV. Matters related to financial reporting
（1）Explain change of the accounting policies, accounting estimates and measurement methods as compared with
the financial reporting of last year.
□ Applicable √ Not applicable
The accounting policies, accounting estimates or measurement methods did not change in the reporting period.
（2）Explain retrospective restatement due to correction of significant accounting errors in the reporting period.
□ Applicable √ Not applicable
No correction of significant accounting errors in the reporting period.
（3） Explain change of the consolidation scope as compared with the financial reporting of last year.
√ Applicable □ Not applicable
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Sino Great Wall Co., Ltd. Summary of the Semi-annual Report 2016
In June 2016, the alteration of business registration of Wuhan Commercial & Vocational Hospital Co.,Ltd
which was purchased by the company and becoming a wholly-owned subsidiary of the company was completed.
Therefore, the company shall incorporate it into the 2016 semi-annual consolidated statements.
(4)Explanation of the Board of Directors and the Supervisor Committee concerning the “Non-standard audit
report ” issued by the CPAs firm for the reporting period
□ Applicable √ Not applicable
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