深圳市深粮控股股份有限公司 2019 年半年度报告摘要
Stock Code: 000019, 200019 Public Notice No.: 2019- 55
Short Form of the Stock: SZCH, Shenliang B
SHENZHEN CEREALS HOLDINGS CO., LTD.
Summary of Semi-Annual Report 2019
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future
development plan of the Company; investors should found in the full-text of annual report that published on media appointed by
CSRC.
All Directors are attended the Board Meeting for deliberation of this Report.
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting
period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Basic information of the company
1. Company profile
Short form of the stock SZCH, Shenliang B Stock code 000019, 200019
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Du Jianguo Chen Kaiyue, Liu Muya
Office add. 13/F, Tower A, World Trade Plaza, No.9 13/F, Tower A, World Trade Plaza, No.9
Fuhong Rd., Futian District, Shenzhen Fuhong Rd., Futian District, Shenzhen
Tel. 0755-82027522 0755-82027522
E-mail chenky@slkg1949.com,
dujg@slkg1949.com
liumy@slkg1949.com
2. Main financial data and index
Whether information disclosure and preparation place changed in reporting period or not
√Yes □No
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深圳市深粮控股股份有限公司 2019 年半年度报告摘要
Reasons for retroactive adjustment or re-statement
Enterprise combined under the same control
Changes over last
Same period of last year
The Period year
Before adjustment After adjustment After adjustment
Operating revenue (RMB) 4,782,167,732.69 136,721,215.40 4,434,688,646.82 7.84%
Net profit attributable to shareholders of
203,168,850.61 -18,246,639.07 202,779,343.34 0.19%
the listed Company (RMB)
Net profit attributable to shareholders of
the listed Company after deducting 198,195,100.05 -18,884,920.69 -18,884,920.69 1,149.49%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-389,429,629.75 9,795,470.07 52,861,245.30 -836.70%
activities (RMB)
Basic earnings per share (RMB/Share) 0.1763 -0.0367 0.1759 0.23%
Diluted earnings per share (RMB/Share) 0.1763 -0.0367 0.1759 0.23%
Weighted average ROE 4.82% -1.95% 5.06% -0.24%
Changes over end of
End of last year
End of the Period last year
Before adjustment After adjustment After adjustment
Total assets (RMB) 6,432,513,092.25 1,040,484,135.20 6,468,951,793.87 -0.56%
Net assets attributable to shareholder of
4,260,480,115.67 928,673,938.26 4,172,502,535.11 2.11%
listed Company (RMB)
3. Amount of shareholders and particulars about shares holding
In Share
Total preference shareholders with
Total common stock shareholders in
54,313 voting rights recovered at end of 0
reporting period-end
reporting period (if applicable)
Particulars about shares held top 10 shareholders
Number of share
Amount of
Nature of Proportion of shares Total shares pledged/frozen
Full name of Shareholders restricted shares
shareholder held hold State of Amoun
held
share t
Shenzhen Fude State-Owned Capital State-owned
63.79% 735,237,253 669,184,735
Operation Co., Ltd. legal person
Shenzhen Agricultural Products Co., State-owned
8.23% 94,832,294 15,384,832
Ltd legal person
Domestic
Sun Huiming nature 0.30% 3,436,462 0
person
Bohai Securities Co., Ltd. State-owned 0.26% 2,980,500 0
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深圳市深粮控股股份有限公司 2019 年半年度报告摘要
legal person
Domestic
Hu Xiangzhu nature 0.24% 2,800,000 0
person
Domestic
Lin Junbo nature 0.17% 2,000,000 0
person
Central Huijin Asset Management State-owned
0.13% 1,472,625 0
Co., Ltd. legal person
Domestic
Li Qian nature 0.11% 1,309,661 0
person
Domestic
Li Yongqi nature 0.10% 1,099,205 0
person
Domestic
Cai Congda nature 0.09% 1,080,051 0
person
Shenzhen SASAC directly holds 100% equity of Fude Capital, and holds 34%
of Agricultural Products indirectly through Fude Capital; the Company was
Explanation on associated relationship among the
not aware of any related relationship between other shareholders above, and
aforesaid shareholders
whether they belonged to parties acting in concert as defined by the
Acquisition Management Method of Listed Company.
Shareholder Li Yongqi holds 1,097,205 shares of the Company under
customer credit trading secured securities account through Xingye Securities
Co., ltd, common account holds 2,000 shares, and 1,099,205 shares are held
Explanation on shareholders involving margin
by Li in total at end of the Period. During the reporting period, the credit
business (if applicable)
trading secured securities account has 9,100 shares decreased, and 100 shares
increased in the common account, shares held by Li are decreased 9,000
shares in total.
4. Changes of controlling shareholders or actual controller
Controlling shareholder changed in the Period
□ Applicable √ Not applicable
Controlling shareholders had no change in reporting period.
Actual controller changed in the Period
□ Applicable √ Not applicable
Actual controller had no change in reporting period.
5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
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深圳市深粮控股股份有限公司 2019 年半年度报告摘要
No preferred stock in reporting period.
6. Corporate Bonds
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when
semi-annual report approved for released or fail to cash in full on due
No
III. Discussion and analysis of the operation
1. Brief of the operation in Period
Dose the Company need to comply with disclosure requirements of the special industry
No
During the reporting period, according to the annual key work and strategic planning objectives, the company focused on the
post-restructuring integration development and corporate strategy reshaping, and effectively exerted the leading role of party building,
and implemented the reform requirements of “Double Hundred Actions” throughout the various key work. The main economic
indicators in the first half of the year have been completed well, the quality of main business development has been improved, the
construction of strategic projects has been steadily advanced, and the internal management and control level has been further
improved.
1. Main business development
During the reporting period, the company
based on its own advantages and industrial development, used information technology, innovated and opened up the grain and oil
products supply channels and trading methods, created a new pattern for tea and food business industry, built a multi-group and
multi-channel food supply chain and service network, expanded the effective supply of medium- and high-end grain, oil, and food,
and strived to meet people's needs of "quality, diversity, nutrition, health, green, and convenience", and promoted the transformation
of grain and oil products from "eat full" to "eat well".
As the “grain security” project and “rice bag” in Shenzhen, the company completed the government grain and oil reserve service with
quality and quantity guaranteed during the reporting period, the monthly average grain reserve was 1.065 million tons, and the
monthly average oil reserve was 12,100 tons, which guaranteed the sufficient grain and oil supply and stable price in Shenzhen
through the balanced rotation of grain and oil.
During the reporting period, the company integrated and reconstructed the deep processing of tea and natural plants, and allocated the
staff. Through integration, some businesses initially achieved stop loss or turnaround goals.
2. Key projects
During the reporting period, the construction and operation of the company's Dongguan grain logistics node progressed smoothly.
The construction of grain logistics and terminal supporting projects, CDE warehouse project, food deep processing projects and the
first phase of the wharf have been steadily advanced according to the plan and progress. The international foods wharf loaded and
unloaded 128 vessels with a turnover of 180,000 tons. The subordinate Dongguan logistics company promoted the establishment of
safety production standardization and achieved results, and was awarded the second-level enterprise of safety production
standardization.
During the reporting period, the company's northeast grain source base project achieved “breaking ice”. In order to speed up the
implementation of the “North Grain to the South, South Grain for Storage in North” strategy, the company set up the infrastructure
office of the Northeast Grain Source Project to accelerate the construction of the grain source base project. In June, the main project
of the first phase of the Northeast Grain Source Base Project of 150,000 tons has been started.
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深圳市深粮控股股份有限公司 2019 年半年度报告摘要
During the reporting period, the company focused on promoting grain and oil platform transactions. At the 2nd China Grain Trade
Conference, “www.zglsjy.com.cn” further expanded the market influence and expanded new customers to bid and list trading on t he
basis of serving internal customers. As of June, the “www.zglsjy.com.cn” had a trading volume of 2.2 million tons.
3. Continuous innovation and development
During the reporting period, the company improved the efficiency of its operational management by increasing the application of
informatization innovation results to ensure the sustainable and healthy development of enterprise. At present, the innovative R&D
system with Shenliang research institute as the core and with the far-reaching data, the product research and development center of
flour company, the duoximi quality inspection R&D department, the technology center of reserve branch, the tea product and
technology research and development center as the key supports has been focusing on the innovation and research and development
of informatization projects, guided by the operational management needs and the development of the industry's most cutting-edge
technology, planed and completed 14 informatization projects such as company management and control and innovation management
platform. Up to now, the company has 69 patents and 23 software copyrights.
4. Other key tasks
(1) During the reporting period, the company completed the organizational restructuring, completed the changes of company name,
business scope, registered capital and securities short name, and completed the reelection of the board of directors, the board of
supervisors and senior management personnel. In accordance with the new regulatory requirements and relevant regulations and
procedures, the company completed the combination and revision of the internal systems to promote the improvement of corporate
governance, and further enhanced the management effectiveness of the company through various effective measures.
(2) During the reporting period, the company implemented the relevant requirements of the “Double Hundred Actions” state-owned
enterprise reform, further expanded the compensation system and incentive and restraint mechanism, and completed the overall
market-based selection and employment of the management teams of some subordinate units, and promoted the rotation exchange of
key position talents, and further optimized the company's talent echelon construction.
(3) During the reporting period, the company further strengthened fund management and control, and in accordance with the
centralized management mode of “internal bank” funds, promoted the online reporting platform, and effectively supervised the
expense reimbursement, capital expenditure and operating expenses of the company headquarters and subordinate units. At the same
time, the company further improved the CBS fund management information system function, and fully opened the bank-corporate
direct linkage of 9 banks to realize the system supervision of banks and accounts. During the reporting period, the company promoted
the subordinate units to optimize the structure of the debts and achieved remarkable results.
(4) During the reporting period, the company built a new pattern of safe production, further strengthened the concept of safe
development, strictly implemented the responsibility system for production safety, consolidated the foundation of safety management,
investigated hidden dangers and immediately rectified them, and became the first enterprise in the municipal state-owned assets
system to complete the “double” prevention mechanisms and safety standardization construction. The company closely followed the
theme of “preventing risks, eliminating hidden dangers, and restraining accidents”, and has comprehensively launched the “Safe
Production Month” activities.
In the first half of 2019, the company achieved a total operating income of RMB 4,782,167,700, an increase of 7.84% over the same
period of the previous year (after restructuring); operating profit of RMB 235,345,700, an increase of 7.38% over the same period of
the previous year (after restructuring); net profit attributable to shareholders of listed companies was RMB 203,168,900, an increase
of 0.19% over the same period of the previous year (after restructuring).
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深圳市深粮控股股份有限公司 2019 年半年度报告摘要
2. Relevant items involving financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the financial report of last fiscal period
√ Applicable □ Not applicable
(i) 1. Implementation of the Accounting Standards for Business Enterprise No. 22- Recognition and Measurement of Financial
Instruments, Accounting Standards for Business Enterprise No. 23- Transfer of Financial Assets, Accounting Standards for Business
Enterprise No. 24- Hedge Accounting and Accounting Standards for Business Enterprise No. 37- Presentation of Financial
Instruments (2017 Revised), and in 2017, the Ministry of Finance revised the Accounting Standards for Business Enterprise No. 22-
Recognition and Measurement of Financial Instruments, Accounting Standards for Business Enterprise No. 23- Transfer of Financial
Assets, Accounting Standards for Business Enterprise No. 24- Hedge Accounting and Accounting Standards for Business Enterprise
No. 37- Presentation of Financial Instruments. The revised standards stipulate that for financial instruments that have not been
derecognized on the first implementation date, if the previous recognition and measurement are inconsistent with the requirements of
the revised standards, they shall be retrospectively adjusted. If the data relating to the comparative financial statements in prior period
are inconsistent with the requirements of the revised standards, no adjustment is required. The Company will adjust the retai ned
earnings and other comprehensive income at the beginning of the year due to the cumulative impact of retrospective adjustment, the
main impacts of the implementation of the above standards are as follows: (1) Due to the change in the name of the report item, “the
financial assets measured at fair value and whose changes are included in the current profit and loss” are reclassified as “trading
financial assets”, financial assets measured at fair value and whose changes are included in the current profit and loss have a decrease
of RMB 1,124,927.96; and the trading financial assets have an increase of RMB 1,124,927.96; (2) the available-for-sale equity
instrument investments are reclassified as the “financial assets measured at fair value and whose changes are included in the current
profit and loss”. Available-for-sale financial assets have a decrease of RMB 57,500.00; other non-current financial assets have an
increase of RMB 57,500.00.
2. Implementation of the Ministry of Finance issued the Notice on Revision and Issuance of 2019 Financial Statement Format for
General Corporate. On 30 April 2019, the Ministry of Finance issued the Notice on Revision and Issuance of 2019 Financial
Statement Format for General Corporate (Cai Kuai [2019] No.6), format of the financial statement has been revised. Main impact for
implementation of the above mentioned regulations: in balance sheet: the “Note receivable and account receivable” divided into
“Note receivable” and “Account receivable”; “Note payable and account payable” divided into “Note payable” and “Account
payable”; the comparison data are adjusted accordingly. “Note receivable and account receivable” divided into “Note receivable” and
“Account receivable”, current amount of “Note receivable” was RMB 350,756.64 while RMB 1,027,635.04 at last period; the
“Account receivable” has RMB617,831,167.71 in the period while RMB 473,646,886.64 at last period; “Note payable and account
payable” divided into “Note payable” and “Account payable”, current amount of “Account payable” was RMB 171,201,542.03 while
RMB 472,738,283.80 at last period. The item of "credit impairment loss" is set up in the Income Statement. The comparison data will
not be adjusted. The current amount of "credit impairment loss" is RMB 5,143,559.77.
(2) Major accounting errors within reporting period that needs retrospective restatement
□ Applicable √ Not applicable
No major accounting errors within reporting period that needs retrospective restatement for the Company
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深圳市深粮控股股份有限公司 2019 年半年度报告摘要
(3) Particulars about the change of consolidation range compared with the financial report of last fiscal
period
□ Applicable √ Not applicable
The Company had no change of consolidation range in reporting period.
SHENZHEN CEREALS HOLDINGS CO., LTD.
Chairman: Zhu Junming
27 August 2019
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