深圳中恒华发股份有限公司 2016 年第一季度报告全文
Shenzhen Zhongheng Huafa Co., Ltd.
First Quarterly Report 2016
April 2016
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen Zhongheng
Huafa Co., Ltd (hereinafter referred to as the Company) and its directors,
supervisors and senior executives should guarantee the reality, accuracy and
completion of the quarterly report, there are no any fictitious statements,
misleading statements or important omissions carried in this report, and shall
take legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Li Zhongqiu, person in charge of the Company, Yang Bin, person in charger of
accounting works and Wu Ai’jie, person in charger of accounting organ
(accounting officer) hereby confirm that the Financial Statement of this
Quarterly Report is authentic, accurate and complete.
2
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Section II. Main financial data and changes of shareholders
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
At the same period of last Changes of this period over
Current period
year same period of last year
Operating income (RMB) 137,699,187.33 117,513,081.51 17.18%
Net profit attributable to shareholders of
469,935.69 511,851.85 -8.19%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 137,244.07 174,494.55 -21.35%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-46,008,442.75 -2,165,279.32 -2,024.83%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0017 0.0018 -5.56%
Diluted earnings per share (RMB/Share) 0.0017 0.0018 -5.56%
Weighted average ROE 0.15% 0.18% -0.03%
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year
Total assets (RMB) 605,739,967.74 1,155,089,236.67 -47.56%
Net assets attributable to shareholder of
315,350,364.56 314,880,428.87 0.15%
listed company (RMB)
Items and amount of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the
-18,924.00
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
300,000.00
national standards, which are closely relevant to enterprise’s
business)
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
Other non-operating income and expenditure except for the
162,529.50
aforementioned items
Less: impact on income tax 110,913.88
Total 332,691.62 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total number of common shareholders at the end of this report period and top ten common shareholders
In shares
Total preference shareholders
Total common stock shareholders in with voting rights recovered at
36,061 0
reporting period-end end of reporting period (if
applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Shareholder’s Nature of Proportion of Amount of shares
restricted shares
name shareholder shares held held State of share Amount
held
Wuhan Domestic Pledged 116,489,894
Zhongheng non-state-owned 41.14% 116,489,894 116,489,894
Frozen 0
Group legal person
SEG (HONG Pledged 0
Overseas legal
KONG) CO., 5.85% 16,569,560 0
person Frozen 0
LTD.
GOOD HOPE Pledged 0
CORNER Overseas legal
4.91% 13,900,000 0
INVESTMENTS person Frozen 0
LTD
Changjiang Pledged 0
Securities
Overseas legal
Brokerage 1.89% 5,355,249 0
person Frozen 0
(Hongkong) Co.,
Ltd.
Xu Dongdong Domestic nature 0.60% 1,690,307 0 Pledged 0
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
person Frozen 0
Domestic nature Pledged 0
Chen Jiachun 0.37% 1,045,638 0
person Frozen 0
Overseas nature Pledged 0
BINGHUA LIU 0.30% 839,013 0
person Frozen 0
Domestic nature Pledged
Zhu Xionghui 0.22% 629,196 0
person Frozen
Shenwan Pledged 0
Hongyuan
Overseas legal
Securities 0.22% 626,888 0
person Frozen 0
(Hongkong) Co.,
Ltd.
Domestic nature Pledged 0
Zhu Ming 0.22% 611,348 0
person Frozen 0
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Domestically
SEG (HONG KONG) CO., LTD. 116,489,894 listed foreign 116,489,894
shares
Domestically
GOOD HOPE CORNER
16,569,560 listed foreign 16,569,560
INVESTMENTS LTD
shares
Domestically
Changjiang Securities Brokerage
5,355,249 listed foreign 5,355,249
(Hongkong) Co., Ltd.
shares
RMB common
Xu Dongdong 1,690,307 1,690,307
share
RMB common
Chen Jiachun 1,045,638 1,045,638
share
Domestically
BINGHUA LIU 839,013 listed foreign 839,013
shares
Domestically
Zhu Xionghui 629,196 listed foreign 629,196
shares
Shenwan Hongyuan Securities Domestically
626,888 626,888
(Hongkong) Co., Ltd. listed foreign
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
shares
Domestically
Zhu Ming 611,348 listed foreign 611,348
shares
RMB common
Wang Jianxin 590,000 590,000
share
Among the top ten shareholders, Wuhan Zhongheng New Science & Technology Industrial
Group Co., Ltd. neither bears associated relationship with other shareholders, nor belongs to
Explanation on associated the consistent actor that are prescribed in Measures for the Administration of Disclosure of
relationship among the aforesaid Shareholder Equity Changes of Listed Companies. The Company neither knew whether there
shareholders exists associated relationship among the other tradable shareholders, nor they belong to
consistent actors that are prescribed in Measures for the Administration of Disclosure of
Shareholder Equity Changes of Listed Companies.
Explanation on top 10 common
shareholders involving margin N/A
business (if applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√Applicable □Not applicable
y-o-y Reasons of changes
Item 2016-3-31 2016-1-1 changes +,-
Repaid long-term loans in
Monetary Fund 38,467,905.09 662,115,464.19 -94.19% current period
Notes receivable 44,248,375.42 54,346,509.74 -18.58%
Products sales have increased
compared with the
corresponding period, and
account receivable increases
Accounts receivable 184,246,017.10 109,965,992.14 67.55% accordingly
Account paid in
advance 2,840,186.04 3,092,021.10 -8.14%
The uncollected investment rent
Other receivables 14,672,154.20 9,411,791.40 55.89% in current period has increased
The current clearing has
Notes payable 26,011,821.83 53,614,420.20 -51.48% reduced
Products sales have increased
compared with the
corresponding period, and
account receivable increases
Accounts payable 99,638,650.74 54,241,655.86 83.69% accordingly
Account received in
advance 899,036.90 1,147,469.52 -21.65%
Some annual performance
bonus has been paid in current
Staff salary payable 2,860,329.75 4,731,615.47 -39.55% period
Jan.-March of 2016 Jan.-March of 2015 y-o-y Reasons of changes
Item changes +,-
Operating income 137,699,187.33 117,513,081.51 17.18%
Operating cost 117,411,777.37 100,468,187.06 16.86%
Loans have reduced in current
Financial expenses 2,052,788.71 15,996,684.73 -87.17% period
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
Earnings from financial
Investment income - 14,166,666.65 -100.00% products in prior period
Non-operation income 502,579.50 449,809.74 11.73%
Reparations has occurred and
Non-operation loss on capital assets has been
expenditure 58,974.00 - handled in current period
Deferred income tax expenses
Income tax expense 135,870.76 80,819.86 68.12% have occurred in current period
Jan.-March of 2016 Jan.-March of 2015 y-o-y Reasons of changes
Item changes +,-
Cash received
from selling The returned money in current
commodities and period has reduced compared
providing labor services 47,762,468.58 73,840,710.41 -35.32% with the prior period
Cash received with
other operation activity The received cash deposit has
concerned 631,813.14 4,770,785.70 -86.76% reduced
Cash paid for
purchasing goods and
receiving labor service 50,194,862.75 50,131,294.35 0.13%
The paid added-value tax and
Taxes paid 2,777,022.61 6,143,111.81 -54.79% its additional tax have reduced
Cash received Earnings from financial
from investment income - 14,166,666.65 products in prior period
Net cash received
from disposal of fixed,
intangible and other Dispose fixed assets and take
long-term assets 109,460.00 - back funds in current period
Cash paid for
purchasing fixed,
intangible and other Prepayment for purchase of
long-term assets 2,554,737.50 429,507.11 494.81% vehicle in current period
Cash received Loans have reduced in current
from loans 17,000,000.00 71,722,818.99 -76.30% period
Cash paid for Pay some long-term loans in
settling debts 577,300,388.73 75,721,462.10 662.40% advance in current period
Cash paid for
liquidating dividend,
profit or interest Loans have reduced in current
payment 3,320,680.94 12,980,056.04 -74.42% period
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
Influence on cash and
cash equivalent due to
fluctuation in exchange
rate -196,770.26 37,290.33 627.67% Fluctuation of exchange rate
II. Analysis and explanation of significant events and their influence and solutions
√ Applicable □Not applicable
(I) The Company signed Asset Exchange Contract with Wuhan Zhongheng Group on 29 April 2009 (details were
referred to in the announcement dated 30 April 2009), and pursuant to the contract, since part of the assets of the
Company (namely two parcel of industrial lands located at Huafa road, Gongming town, Guangming new district,
Shenzhen (the property certificate No. were SFDZ No.7226760 and SFDZ No.7226763, No. of parcels were
A627-005 andA627-007, and the aggregate area was 48,200 sq.m) were the lands listed in the first batch of plan
for 2010 Shenzhen urbanization unit planning preparation plan. For promotion of such urbanization project and
joint cooperation, the Company has not completed the transfer procedures in respect of the aforesaid land.
The Company convoked the first extraordinary meeting of the Board in 2015 on February 16, 2015 and the first
extraordinary general meeting of the Board in 2015 on March 4, 2015, which considered and approved the
“Motion on promoting and implementing the urban renewal project for the renewal units of Huafa area at
Gongming street, Guangming new district, Shenzhen”, specified that the Company and Wuhan Zhongheng Group
shall obtain the corresponding compensatory consideration for removal from the respectively owned project plots
and the respectively contributed and constructed above-ground buildings before the land development, it is
estimated that the compensatory consideration obtained by the Company accounts for 50.5% of the total
consideration and Wuhan Zhongheng Group accounts for 49.5% by calculation.
The fifth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting held
on July 2, 2015 have considered and adopted the “Proposal on the project promotion and implementation of urban
renewal and the progress of related transactions of ‘the updated units at Huafa Area, Gong Ming Street,
Guangming New District, Shenzhen’” and “Proposal on submitting stockholders' meeting to authorize the board
of directors to fully handle the matters related to the project promotion and implementation of urban renewal of
Huafa Area, Gong Ming Street, Guangming New District, Shenzhen”. The company has signed the “Agreement
on the cooperation framework of urban renewal project of the updated units at Huafa Area, Gong Ming Street,
Guangming New District, Shenzhen”, “Agreement on the cooperation framework of reconstruction project at
Huafa, Gongming”, “Agreement on the removal compensation for urban renewal project at Huafa, Gong Ming
Street, Guangming New District” and “Cooperation agreement on urban renewal project at Huafa, Gongming”
with Shenzhen Qianhai Zhongzheng Urban Development Management Co., Ltd. (hereinafter referred to as
“Qianhai Zhongzheng”), Shenzhen Zhongzheng Yutian Land Co., Ltd. (hereinafter referred to as “Zhongzheng
Yutian”) and Wuhan Zhongheng Group. The company’s seventh meeting of the eighth board of directors has
considered and adopted the “Proposal on terminating the contract on urban renewal project at ‘Huafa Area, Gong
Ming Street, Guangming New District, Shenzhen’ of Shenzhen Qianhai Zhongzheng Urban Development
Management Co., Ltd.”, the company has signed “Agreement on terminating the contract on urban renewal
project at Huafa, Gongming” with Qianhai Zhongzheng, Zhongzheng Yutian and Wuhan Zhongheng Group, the
relevant agreements signed at earlier stage are no longer legally binding to any party.
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
The sixth extraordinary meeting of the board of directors in 2015 and the third extraordinary general meeting held
on September 11, 2015 have considered and adopted the “Proposal on the project promotion and implementation
of urban renewal and the progress of related transactions of ‘the updated units at Huafa Area, Gong Ming Street,
Guangming New District, Shenzhen’”, the company has signed the “Agreement on the cooperation of urban
renewal project of the updated units at Huafa Area, Gong Ming Street, Guangming New District, Shenzhen”,
“Contract for the cooperative venture of reconstruction project for Huafa Industrial Park, Gong Ming Street,
Guangming New District” and “Agreement on housing acquisition and removal compensation and resettlement”
with Wuhan Zhongheng New Technology Industry Group Co., Ltd. (hereinafter referred to as “Wuhan
Zhongheng Group”), Shenzhen Vanke Real Estate Co., Ltd. (hereinafter referred to as “Shenzhen Vanke”), and
Shenzhen Vanke Guangming Real Estate Development Co., Ltd. (hereinafter referred to as “Vanke Guangming”).
Due to the official effection and implementation of the above agreements, the Company would be granted with
relocation compensation of RMB500 million in cash and compensated commercial properties with GFA not less
than 100,000 square meter. It is predicted for the Company to obtain corresponding income in the coming four
years, which will enable it to improve its income and assets scale and ensure steady development in a long term.
(II) With purpose of further optimize the capital structure, improve financial status of the Company and providing
necessary capital condition and liquidity for the upgrade of industry business transformation, specialization of the
property operation and development of large-scale, the Company plans to private offering A-share. Controlling
shareholder - Wuhan Zhongheng New Technology Industry Group Co., Ltd. subscribe 87.6 million shares at most
in cash, fund raised no more than 599.184 million Yuan (issuance cost included) in total, the fund are raised for
debt payment and supplement current capital in order to laying a solid foundation of the sustainable development
of the Company. Relevant private placement of A-share has been deliberated and approved by third extraordinary
meeting of 2015 of the Board and Annual General Meeting 2014, found more in notice published on Juchao
Website (www.cninfo.com.cn) dated 20 March and 20 May 2015.
(III) On December 29, 2015, Wuhan Zhongheng Group has completed the procedures to relieved the registration
of pledge in China Securities Depository and Clearing Corporation Limited Shenzhen Branch for the Company’s
non-restricted circulating shares of 116,489,894 shares (accounting for 100% of its holding of the Company’s
shares, and 41.14% of the company’s general capital) that have been pledged to China CITIC Bank Corporation
Limited Wuhan Branch, and handled the procedures for the registration of pledge in China Merchants Securities
Co. Ltd. for 116,100,000 shares (accounting for 41% of the company’s general capital) of them in twice on
December 31, 2015 and February 1, 2016, please see detailed on the announcement released on
www.cninfo.com.cn on January 13, 2016 and February 19.
(IV) On January 18, 2016, the company received the official notice of investigation from China Securities
Regulatory Commission who has decided to register and investigate the company as a suspect of illegal disclosure
of information, please see details on the announcement released on www.cninfo.com.cn on January 19, 2016, and
issued the “Announcement on investigation progress and risk warning” on February 25, 2016 and March 26,
2016.
III. Commitments from the Company or shareholder with over 5% share held in reporting
period or continues to reporting period
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
√Applicable □ Not applicable
Type
of Commitment Commitment Implementatio
Commitments Promise Content of commitments
commi date term n
tments
Commitments for
share reform
The enterprise and its subsidiaries will not
participate directly or indirectly in operation
Implement
Wuhan of the business with competitive of Shen
since 12 April
Zhonghe Huafa and its controlling subsidiary
2007-03-29 2007 Implementing
ng concerned, and not to damage the interest of
throughout the
Group the Shen Huafa and its controlling subsidiary
year
by making use of the potential
controlling-ship of the Shen Huafa either
The enterprise and its subordinate enterprise
shall avoid a related transaction as far as
possible with Shen Huafa and its controlling
subsidiary, as for the related dealings
Commitments in occurred inevitable or have reasonable cause,
report of the enterprise promise to follow the principle Implement
Wuhan
acquisition or equity of fair-ness, justice and open-ness, signed the since 12 April
Zhonghe
change agreement in line with the laws, perform legal 2007-03-29 2007 Implementing
ng
program, fulfill information disclosure throughout the
Group
obligation and relevant approval procedures year
according to the relevant laws, regulations
and “Listing Rules” of the Shenzhen Stock
Exchange, guarantee not to damage the legal
interest of Shen Huafa and its shareholders
through related transactions
After acquisition and assets restructuring, Implement
Wuhan
guarantee to have an independent staff, owns since 12 April
Zhonghe
independent and completed assets, and 2007-03-29 2007 Implementing
ng
independent in aspect of business, financial throughout the
Group
and institution from Shen Huafa year
Commitments in
assets reorganization
Commitments make
in initial public
offering or
re-financing
Equity incentive
11
深圳中恒华发股份有限公司 2016 年第一季度报告全文
commitment
Other commitments
for medium and
small shareholders
Completed on
Y
time(Y/N)
IV. Predict of the business performance from January to June 2016
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities Investment
□ Applicable √ Not applicable
No security investment in the Period.
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the report
period
√Applicable □ Not applicable
Date Method Type of investors Basic situation index of investigation
2016-01-01 Telephone communication Individual N/A
VII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company has no external security against the rules in the Period.
IX. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
There are no controlling shareholders' and its related party's non-business capital occupying of the listed company.
12
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen Zhongheng Huafa Co., Ltd
2016-04-22
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 38,467,905.09 662,115,464.19
Settlement provisions
Capital lent
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable 44,248,375.42 54,346,509.74
Accounts receivable 184,246,017.10 109,965,992.14
Accounts paid in advance 2,840,186.04 3,092,021.10
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable 1,838,752.40 1,838,752.40
Dividend receivable
Other receivables 14,672,154.20 9,411,791.40
Purchase restituted finance asset
Inventories 34,637,851.99 27,132,125.91
Divided into assets held for sale 92,857,471.69 92,857,471.69
Non-current asset due within one
year
Other current assets
Total current assets 413,808,713.93 960,760,128.57
Non-current assets:
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
Loans and payments on behalf
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment property 29,709,228.97 30,019,906.66
Fixed assets 108,224,725.43 110,607,425.50
Construction in progress 654,356.00 654,356.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 46,002,766.81 46,372,390.49
Expense on Research and
Development
Goodwill
Long-term expenses to be
257,033.14 274,758.16
apportioned
Deferred income tax asset 7,083,143.46 6,400,271.29
Other non-current asset
Total non-current asset 191,931,253.81 194,329,108.10
Total assets 605,739,967.74 1,155,089,236.67
Current liabilities:
Short-term loans 61,100,000.00 119,479,107.41
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable 26,011,821.83 53,614,420.20
Accounts payable 99,638,650.74 54,241,655.86
Accounts received in advance 899,036.90 1,147,469.52
Selling financial asset of
repurchase
Commission charge and
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
commission payable
Wage payable 2,860,329.75 4,731,615.47
Taxes payable 22,598,857.15 20,498,295.88
Interest payable
Dividend payable
Other accounts payable 25,350,361.67 32,665,698.32
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Divided into liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 234,985,191.37 282,904,395.99
Non-current liabilities:
Long-term loans 52,800,000.00 554,700,000.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 2,604,411.81 2,604,411.81
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 55,404,411.81 557,304,411.81
Total liabilities 293,863,469.85 843,682,674.47
Owner’s equity:
Share capital 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
15
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Capital public reserve 146,283,642.90 146,283,642.90
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 77,391,593.25 77,391,593.25
Provision of general risk
Retained profit -154,699,293.02 -155,169,228.71
Total owner’s equity attributable to
315,350,364.56 314,880,428.87
parent company
Minority interests
Total owner’s equity 315,350,364.56 314,880,428.87
Total liabilities and owner’s equity 605,739,967.74 1,155,089,236.67
Legal representative: Li Zhongqiu
Person in charger of accounting works: Yang Bin
Person in charge of accounting organ: Wu Ai’jie
2. Balance Sheet of Parent Company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 4,455,526.06 524,937,734.32
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable
Accounts receivable 322,194.43 322,194.43
Account paid in advance 1,559,000.00 1,005,472.83
Interest receivable
Dividends receivable
Other receivables 81,806,293.25 76,212,908.56
Inventories 14,806.50 14,806.50
Divided into assets held for sale 92,857,471.69 92,857,471.69
Non-current assets maturing within
one year
Other current assets
Total current assets 181,015,291.93 695,350,588.33
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深圳中恒华发股份有限公司 2016 年第一季度报告全文
Non-current assets:
Available-for-sale financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investments 186,608,900.00 186,608,900.00
Investment property 29,709,228.97 30,019,906.66
Fixed assets 4,099,656.98 4,726,034.98
Construction in progress 654,356.00 654,356.00
Project materials
Disposal of fixed assets
Productive biological assets
Oil and natural gas assets
Intangible assets 5,101,205.69 5,133,492.12
Research and development costs
Goodwill
Long-term deferred expenses 229,166.62 241,666.63
Deferred income tax assets 7,887,767.71 7,204,895.54
Other non-current assets
Total non-current assets 234,290,281.97 234,589,251.93
Total assets 415,305,573.90 929,939,840.26
Current liabilities:
Short-term borrowings 19,600,000.00 19,600,000.00
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable
Accounts payable 9,740,367.33 10,745,840.16
Accounts received in advance 729,396.00 735,382.00
Wage payable 805,865.26 788,575.28
Taxes payable 16,848,877.16 16,934,546.28
Interest payable
Dividend payable
Other accounts payable 16,809,541.96 26,415,353.86
17
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Divided into liability held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 64,534,047.71 75,219,697.58
Non-current liabilities:
Long-term loans 52,800,000.00 554,700,000.00
Bonds payable
Including: preferred stock
Perpetual capital
securities
Long-term account payable
Long-term wages payable
Special accounts payable
Projected liabilities 2,604,411.81 2,604,411.81
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 55,404,411.81 557,304,411.81
Total liabilities 119,938,459.52 632,524,109.39
Owners’ equity:
Share capita 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 146,283,642.90 146,283,642.90
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 77,391,593.25 77,391,593.25
Retained profit -211,469,348.77 -209,420,732.28
Total owner’s equity 295,367,114.38 297,415,730.87
Total liabilities and owner’s equity 415,305,573.90 929,939,840.26
18
深圳中恒华发股份有限公司 2016 年第一季度报告全文
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 137,699,187.33 117,513,081.51
Including: Operating income 137,699,187.33 117,513,081.51
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 137,536,986.38 131,536,886.19
Including: Operating cost 117,411,777.37 100,468,187.06
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 1,694,769.37 1,029,949.88
Sales expenses 2,441,634.16 2,669,100.41
Administration expenses 13,936,016.77 11,372,964.11
Financial expenses 2,052,788.71 15,996,684.73
Losses of devaluation of asset 0.00
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
14,166,666.65
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed with
162,200.95 142,861.97
“-”)
19
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Add: Non-operating income 502,579.50 449,809.74
Including: Disposal gains of
non-current asset
Less: Non-operating expense 58,974.00
Including: Disposal loss of
18,924.00
non-current asset
IV. Total Profit (Loss is listed with “-”) 605,806.45 592,671.71
Less: Income tax expense 135,870.76 80,819.86
V. Net profit (Net loss is listed with “-”) 469,935.69 511,851.85
Net profit attributable to owner’s of
469,935.69 511,851.85
parent company
Minority shareholders’ gains and
losses
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method which
will not be reclassified subsequently to
profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method which
will be reclassified subsequently to profit
or loss
2. Gains or losses arising
from changes in fair value of
available-for-sale financial assets
20
深圳中恒华发股份有限公司 2016 年第一季度报告全文
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale financial
assets
4. The effect hedging portion
of gains or losses arising from cash flow
hedging instruments
5. Translation differences
arising on translation of foreign currency
financial statements
6. Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 469,935.69 511,851.85
Total comprehensive income
469,935.69 511,851.85
attributable to owners of parent Company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0017 0.0018
(ii) Diluted earnings per share 0.0017 0.0018
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party
Legal representative: Li Zhongqiu
Person in charger of accounting works: Yang Bin
Person in charge of accounting organ: Wu Ai’jie
4. Profit Statement of Parent Company
In RMB
Item Current Period Last Period
I. Operating income 10,946,185.45 10,749,061.73
Less: Operating cost 1,265,151.89 1,512,747.73
Operating tax and extras 738,293.47 709,522.10
Sales expenses 0.00
Administration expenses 8,085,384.78 6,635,968.21
Financial expenses 3,589,476.97 13,284,567.16
Losses of devaluation of asset 0.00
Add: Changing income of fair 0.00
21
深圳中恒华发股份有限公司 2016 年第一季度报告全文
value(Loss is listed with “-”)
Investment income (Loss is
14,166,666.65
listed with “-”)
Including: Investment income
0.00
on affiliated company and joint venture
II. Operating profit (Loss is listed
-2,732,121.66 2,772,923.18
with “-”)
Add: Non-operating income 19,557.00 38,212.00
Including: Disposal gains of
non-current asset
Less: Non-operating expense 18,924.00
Including: Disposal loss of
18,924.00
non-current asset
III. Total Profit (Loss is listed with
-2,731,488.66 2,811,135.18
“-”)
Less: Income tax expense -682,872.17
IV. Net profit (Net loss is listed with
-2,048,616.49 2,811,135.18
“-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1. Changes as a result of
re-measurement of net defined benefit
plan liability or asset
2. Share of the other
comprehensive income of the investee
accounted for using equity method
which will not be reclassified
subsequently to profit and loss
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1. Share of the other
comprehensive income of the investee
accounted for using equity method
which will be reclassified subsequently
to profit or loss
2. Gains or losses arising
22
深圳中恒华发股份有限公司 2016 年第一季度报告全文
from changes in fair value of
available-for-sale financial assets
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale
financial assets
4. The effect hedging
portion of gains or losses arising from
cash flow hedging instruments
5. Translation differences
arising on translation of foreign
currency financial statements
6. Other
VI. Total comprehensive income -2,048,616.49 2,811,135.18
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 47,762,468.58 73,840,710.41
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings and
investment
23
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Net increase of amount from
disposal financial assets that measured
by fair value and with variation
reckoned into current gains/losses
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received
Other cash received concerning
631,813.14 4,770,785.70
operating activities
Subtotal of cash inflow arising from
48,394,281.72 78,611,496.11
operating activities
Cash paid for purchasing
commodities and receiving labor 50,194,862.75 50,131,294.35
service
Net increase of customer loans
and advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 15,447,946.75 15,777,388.48
Taxes paid 2,777,022.61 6,143,111.81
Other cash paid concerning
25,982,892.36 8,724,980.79
operating activities
Subtotal of cash outflow arising from
94,402,724.47 80,776,775.43
operating activities
Net cash flows arising from operating
-46,008,442.75 -2,165,279.32
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
24
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Cash received from investment
14,166,666.65
income
Net cash received from disposal of
fixed, intangible and other long-term 109,460.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
109,460.00 14,166,666.65
activities
Cash paid for purchasing fixed,
2,554,737.50 429,507.11
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
2,554,737.50 429,507.11
activities
Net cash flows arising from investing
-2,445,277.50 13,737,159.54
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 17,000,000.00 71,722,818.99
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
17,000,000.00 71,722,818.99
activities
Cash paid for settling debts 577,300,388.73 75,721,462.10
Cash paid for dividend and profit 3,320,680.94 12,980,056.04
25
深圳中恒华发股份有限公司 2016 年第一季度报告全文
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from
580,621,069.67 88,701,518.14
financing activities
Net cash flows arising from financing
-563,621,069.67 -16,978,699.15
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -196,770.26 37,290.33
exchange rate
V. Net increase of cash and cash
-612,271,560.18 -5,369,528.60
equivalents
Add: Balance of cash and cash
632,846,956.16 22,392,147.12
equivalents at the period -begin
VI. Balance of cash and cash
20,575,395.98 17,022,618.52
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 5,242,418.00 8,961,743.03
services
Write-back of tax received
Other cash received concerning
1,935,226.06 5,671,807.46
operating activities
Subtotal of cash inflow arising from
7,177,644.06 14,633,550.49
operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 1,321,805.03 1,645,849.64
Taxes paid 1,290,383.14 1,372,890.91
26
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Other cash paid concerning
18,580,217.12 6,452,958.23
operating activities
Subtotal of cash outflow arising from
21,192,405.29 9,471,698.78
operating activities
Net cash flows arising from operating
-14,014,761.23 5,161,851.71
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
14,166,666.65
income
Net cash received from disposal of
fixed, intangible and other long-term 576.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
0.00
investing activities
Subtotal of cash inflow from investing
576.00 14,166,666.65
activities
Cash paid for purchasing fixed,
1,934,802.00
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
1,934,802.00
activities
Net cash flows arising from investing
-1,934,226.00 14,166,666.65
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans
Cash received from issuing bonds
27
深圳中恒华发股份有限公司 2016 年第一季度报告全文
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
Cash paid for settling debts 501,900,000.00 7,500,000.00
Cash paid for dividend and profit
2,633,311.98 12,315,530.37
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from
504,533,311.98 19,815,530.37
financing activities
Net cash flows arising from financing
-504,533,311.98 -19,815,530.37
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 90.95 4,543.43
exchange rate
V. Net increase of cash and cash
-520,482,208.26 -482,468.58
equivalents
Add: Balance of cash and cash
524,937,734.32 14,802,258.59
equivalents at the period -begin
VI. Balance of cash and cash
4,455,526.06 14,319,790.01
equivalents at the period -end
II. Audit report
Whether the first quarterly report had been audited or not
□ Yes √ No
The first quarterly report of the Company had not been audited.
28
