深圳中恒华发股份有限公司 2016 年第三季度报告全文
Shenzhen Zhongheng Huafa Co., Ltd.
THE THIRD QUARTERLY REPORT FOR 2016
October 2016
1
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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 hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report,
and shall take all responsibilities, individual and/or joint, for the reality,
accuracy and completion of the whole contents.
All directors of the Company are attended the Meeting for quarterly report
deliberation.
Principal of the Company Li Zhongqiu, Person in Charge of Accounting Works
Yang Bin and Person in Charge of Accounting Organ (Accounting Officer) Wu
Aijie hereby confirm that the Financial Report of the Third Quarterly Report is
authentic, accurate and complete.
2
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Section II. Main accounting data and changes of shareholders
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Current period-end Period-end of last year Increase/decrease
Total assets(RMB) 604,731,675.16 1,155,089,236.67 -47.65%
Net assets attributable to
shareholders of listed company 316,219,559.36 311,406,562.20 1.55%
(RMB)
Increase/decrease in
Increase/decrease in
comparison with
comparison with Year-begin to end of
Current period year-begin to
same period of last the Period
Period-end of last
year
year
Operating revenue (RMB) 147,394,897.89 4.77% 456,933,423.45 17.34%
Net profit attributable to
shareholders of the listed -2,763,587.66 -147.51% 4,509,368.56 -77.45%
company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting -3,187,589.84 80.66% 2,994,883.68 112.12%
non-recurring gains and
losses(RMB)
Net cash flow arising from
-- -- -71,069,383.24 -247.88%
operating activities(RMB)
Basic earnings per share
-0.0098 -147.80% 0.0159 -77.48%
(RMB/Share)
Diluted earnings per share
-0.0098 -147.80% 0.0159 -77.48%
(RMB/Share)
Weighted average ROE -0.87% -2.82% 1.44% -5.42%
In RMB
Amount from year-begin to
Item Note
end of the Period
Gains/losses from the disposal of non-current asset (including
94,452.65
the write-off that accrued for impairment of assets)
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深圳中恒华发股份有限公司 2016 年第三季度报告全文
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
1,356,969.00
national standards, which are closely relevant to enterprise’s
business)
Other non-operating income and expenditure except for the
569,325.42
aforementioned items
Less: impact on income tax 506,262.19
Total 1,514,484.88 --
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. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
1. Total number of common shareholders at the end of this report period and top ten common shareholders
In Share
Total preference
shareholders with voting
Total common stock shareholders
27,904 rights recovered at end of 0
in reporting period-end
reporting period (if
applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Nature of Proportion of Amount of
Shareholders restricted
shareholder shares held shares held State of share Amount
shares held
Wuhan Pledged
Zhongheng
Domestic
New Science &
non-state-owne 41.14% 116,489,894
Technology Frozen 116,489,894
d legal person
Industrial
Group Co., Ltd.
SEG (HONG Pledged 0
Overseas legal
KONG) CO., 5.85% 16,569,560
person Frozen 0
LTD.
4
深圳中恒华发股份有限公司 2016 年第三季度报告全文
GOOD HOPE Pledged 0
CORNER Overseas legal
4.91% 13,900,000
INVESTMEN person Frozen 0
TS LTD
Changjiang Pledged 0
Securities
Overseas legal
Brokerage 1.89% 5,355,249
person Frozen 0
(Hongkong)
Co., Ltd.
Domestic Pledged 0
Xu Dongdong 0.60% 1,690,307
nature person Frozen 0
Domestic Pledged 0
Jiang Liangwu 0.37% 1,059,800
nature person Frozen 0
BINGHUA Overseas Pledged 0
0.30% 840,113
LIU nature person Frozen 0
Domestic Pledged 0
Yang Yang 0.25% 706,052
nature person Frozen 0
Domestic Pledged 0
Zhu Xionghui 0.24% 667,180
nature person Frozen 0
Domestic Pledged 0
Zhong Jiachao 0.22% 630,000
nature person Frozen 0
Particular about top ten shareholders with un-restrict shares held
Type of shares
Shareholders Amount of un-restrict shares held
Type Amount
Wuhan Zhongheng New Science
RMB ordinary
& Technology Industrial Group 116,489,894 116,489,894
shares
Co., Ltd.
Domestically
SEG (HONG KONG) CO., LTD. 16,569,560 listed foreign 16,569,560
shares
Domestically
GOOD HOPE CORNER
13,900,000 listed foreign 13,900,000
INVESTMENTS LTD
shares
Domestically
Changjiang Securities Brokerage
5,355,249 listed foreign 5,355,249
(Hongkong) Co., Ltd.
shares
RMB ordinary
Xu Dongdong 1,690,307 1,690,307
shares
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深圳中恒华发股份有限公司 2016 年第三季度报告全文
RMB ordinary
Jiang Liangwu 1,059,800 1,059,800
shares
Domestically
BINGHUA LIU 840,113 listed foreign 840,113
shares
RMB ordinary
Yang Yang 706,052 706,052
shares
Domestically
Zhu Xionghui 667,180 listed foreign 667,180
shares
RMB ordinary
Zhong Jiachao 630,000 630,000
shares
Among the top ten shareholders, Wuhan Zhongheng New Science & Technology Industrial
Group Co., Ltd. neither bears associated relationship with other shareholders, nor belongs
Explanation on associated to the consistent actor that are prescribed in Measures for the Administration of Disclosure
relationship among the top ten of Shareholder Equity Changes of Listed Companies. The Company neither knew whether
shareholders or consistent action there 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 shareholders
In top ten common shareholders, Zhou Ningyan holds 1,200,000 shares of the Company,
involving margin business about
among which, 1,200,000 shares are held through the credit account, representing 100% of
top ten common shareholders (if
the total shares held, and takes 0.42% of the total shares of the Company
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
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing in
reporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
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深圳中恒华发股份有限公司 2016 年第三季度报告全文
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
Item 2016-9-30 2016-1-1 Y-o-y changes Reasons
Monetary Fund 42,368,202.33 662,115,464.19 -93.60% Repaid long-term loans in current period
Endorsement-for-transfer of notes increased in the
Note receivable 30,520,333.14 54,346,509.74 -43.84% period
Account receivable 186,745,632.65 109,965,992.14 69.82% Account receivable increased due to the peak season
Interest receivable at year-begin received in the
Interest receivable - 1,838,752.40 -100.00% period
Rents for investment has not been collected in the
Other receivable 22,705,383.18 9,411,791.40 141.24% period
Inventory 36,327,256.72 27,132,125.91 33.89% Inventory increased due to the peak season
Deferred tax assets 8,694,221.49 6,400,271.29 35.84% Deductible losses occurred in the Period
Short term loan 161,192,303.22 119,479,107.41 34.91% Short-term loans increased in the Period
Endorsement-for-transfer of notes increased in the
Notes payable 14,320,045.41 53,614,420.20 -73.29% period
Account received in advance 2,444,670.02 1,147,469.52 113.05% Utilities received in advance in the Period increased
Long term loan - 554,700,000.00 -100.00% Long-term loans are paid to the Bank in the Period
Item Jan. to Sept. 2016 Jan. to Sept. 2015 Y-o-y changes Reasons
Tax and additional from the property rental
Business taxes and decreased due to the replace the business tax with
additional 2,543,023.16 4,920,188.37 -48.31% VAT
Financial expenses 4,602,555.08 43,199,943.80 -89.35% Bank loans decreased in the Period
Investment gains - 42,833,976.84 -100.00% Earnings from financial products in prior period
There were overdue fine of export VAT in last
Non-business expenditure 67,871.14 313,562.80 -78.35% period
There were deductible losses of un-recognized
Income tax expenses 1,532,808.42 79,073.46 1838.46% deferred income tax assets in last period
Item Jan. to Sept. 2016 Jan. to Sept. 2015 Y-o-y changes Reasons
7
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Cash received relating to The come-and-go money between companies are
other operating activities 7,503,048.25 104,728,770.98 -92.84% collected in last period
Cash paid for relating to The come-and-go money between companies paid
other operating activities 39,836,581.63 22,027,295.69 80.85% increased over that of last period
Cash received from
investment - 500,000,000.00 -100.00% Financing product was redeem in last period
Cash received from
investment gains - 42,833,333.35 -100.00% Earnings from financial products in prior period
Net cash received from
disposal of fixed assets,
intangible assets and other Dispose fixed assets and take back funds in current
long-term assts 202,772.00 20,000.00 913.86% period
Cash paid for purchasing
fixed assets, intangible
assets and other long-term
assts 4,739,000.50 14,542,977.61 -67.41% Purchasing Xingfuhai shops in last period
Cash paid for relating to Come-and-go money for old change are paid in last
other investment activities - 500,099,356.51 -100.00% period
Cash received from loans 183,246,761.70 273,598,564.67 -33.02% Loans have reduced in current period
Cash paid for debt payment 696,946,397.73 303,673,954.40 129.50% Pay long-term loans in advance in current period
Cash paid for distribution of
dividend, profit or interest
payment 7,028,536.77 39,318,168.08 -82.12% Loans have reduced in current period
Cash paid for relating to The management charge of bank assets and loan
other financing activities 2,185,000.00 - guarantee are paid in the period
Impact on cash or cash
equivalent from change of
foreign exchange -384,943.38 31,906.89 1306.46% Exchange rate fluctuation
II. Progress of significant events, their influences, and analysis and explanation of their
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.
8
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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.
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
9
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Shenzhen Vanke Guangming Real Estate Development Co., Ltd. (hereinafter referred to as “Vanke Guangming”).
On 12 September 2016, the Company and Wuhan Zhongheng Group received a Notice of No. SHEN
DP20160334 Arbitration (HNGZSS[2016] No.D4715) from South China International Economic and Trade
Arbitration Commission. The Arbitration Commission of South China has accepted the artribition application
from Shenzhen Vanke, which is applies for the disbutes in aspect of the “Cooperative Venture Contract of Old
Urban Transformation for the Huafa Industry Zone in Gongming Street, Guangming New District” signed on 21
August 2015 with the Company and Wuhan Zhongheng Group. Found more in Artribution and Lawsuit of the
Company Involved and Promotion of the Urban Renewal of “Huafa Area in Gongming Street, Guangming New
District of Shenzhen, and Progress of Related Transactions” released on Juchao Website
(http://www.cninfo.com.cn/) dated 14 September 2016.
(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. For guarantee a persistently, efficiently and
smoothly running of the privately offering of A-share, being deliberated and approved by the first extraordinary
shareholders general meeting of 2016, prolong the period of validity of the resolution to 12 months. Found more
in the annoucement released on Juchao Website (www.cninfo.com.cn) dated 18 May 2016.
(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. The
“Administrative Punishment Decision Notice in Advance ” [2016] No.6 was received by the Company from
10
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Shenzhen regulatroy authority of CSRC on 18 September 2016. Shenzhen regulatroy authority of CSRC making
the follow decisions as: ordered the Company to make corrections and given a warning, and impose a fine of
400,000 Yuan; issue a warning to Li Zhongqiu, and impose a fine of 250,000 Yuan; issue a warning to Chen
Zhigang and impose a fine of 80,000 Yuan; issue a warning to Tang Ganyu and impose a fine of 50,000 Yuan;
issue a warning to Weng Xiaojue and Cao Li and impose a fine of 30,000 Yuan. Foune more in “Notice of
Receiving an Administrative Punishment Decision Notice in Advance from CSRC” released on Juchao Website
dated 19 September 2016. The Company did not received a notice of a penalty decision up to 30 September 2016.
(V) The 8th BOD was expired in August 2016. The Proposal of General Election of the Board was deliberated and
approved by the 10th session of 8th BOD held on 29 August 2016, the first extraordinary meeting of 2016 held on 7
September 2016 and the second extraordinary general meeting of 2016 held on 19 September 2016. And Li
Zhongqiu, Li Yongping, Yang Bin, Li Ding’an, Xu Jinwen and Zhang Zhaoguo were elected as the directors of the
9th BOD of the Company. Holding a first meeting of 9th BOD on 7 September 2016 for deliberated proposals of
Election of the Chairman of the Board and Members of the Committee under the 9th BOD, and completed the
general election of the Board.
The 8th Supervisory Committee of the Company was expired in August 2016. The Proposal of General Election
of Supervisory was deliberated and approved by the 10th session of 8th Supervisory Committee held on 29 August
2016 and the second extraordinary general meeting of 2016 held on 19 September 2016. And Huang Yanbo and
Chen Qin were elected as the supervisor of the 9th Supervisory Committee of the Company. Geng Qu was elected
as the supervisor of workers of the 9th supervisory committee by the congress of workers. On 7 September, the
Proposal of General Election of Chairman of Supervisory Committee was deliberated and approved by the first
meeting of 9th supervisory committee, and Huang Yanbo was elected as the Chairman of supervisory committee.
(VI) Among the shares held by controlling shareholder Wuhan Zhongheng Group, Shenzhen Intermediate Peoples
Court judicial freeze the 116,489,894 shares (un-restricted shares) by 2016 Yue 03 CB No.53 from 27
September 2016 to 26 September 2018, the property preservation apply by Shenzhen Vanke Real Estate Co., Ltd.
for arbitration case. Please refer to the Notice released by the Company on Juchao Website (www.cninfo.com.cn)
dated 26 October 2016.
III. Commitments that the company, shareholders, actual controller, purchaser, directors,
supervisors, senior management or other related parties have fulfilled during the reporting
period and have not yet fulfilled by the end of reporting period
√Applicable □ Not applicable
Type of
Content of
Commitmen Commitmen Implementa
Commitments Promise commitment commitment
t date t term tion
s
s
Commitments for share reform
Commitments in report of Wuhan The 2007-03-29 Implement Normally
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深圳中恒华发股份有限公司 2016 年第三季度报告全文
acquisition or equity change Zhongheng enterprise since 12 implementi
Group and its April 2007 ng
subsidiaries throughout
will not the year
participate
directly or
indirectly in
operation of
the business
with
competitive
of Shen
Huafa and
its
controlling
subsidiary
concerned,
and not to
damage the
interest of
the Shen
Huafa and
its
controlling
subsidiary
by making
use of the
potential
controlling-
ship of the
Shen Huafa
either
The
enterprise
and its
subordinate
Implement
enterprise
Wuhan since 12 Normally
shall avoid a
Zhongheng 2007-03-29 April 2007 implementi
related
Group throughout ng
transaction
the year
as far as
possible
with Shen
Huafa and
12
深圳中恒华发股份有限公司 2016 年第三季度报告全文
its
controlling
subsidiary,
as for the
related
dealings
occurred
inevitable or
have
reasonable
cause, the
enterprise
promise to
follow the
principle of
fair-ness,
justice and
open-ness,
signed the
agreement
in line with
the laws,
perform
legal
program,
fulfill
information
disclosure
obligation
and relevant
approval
procedures
according to
the relevant
laws,
regulations
and “Listing
Rules” of
the
Shenzhen
Stock
Exchange,
guarantee
not to
13
深圳中恒华发股份有限公司 2016 年第三季度报告全文
damage the
legal
interest of
Shen Huafa
and its
shareholders
through
related
transactions
After
acquisition
and assets
restructurin
g, guarantee
to have an
independent
staff, owns
Implement
independent
Wuhan since 12 Normally
and
Zhongheng 2007-03-29 April 2007 implementi
completed
Group throughout ng
assets, and
the year
independent
in aspect of
business,
financial
and
institution
from Shen
Huafa
Commitments in assets
reorganization
Commitments make in initial public
offering or re-financing
Equity incentive commitment
Other commitments for medium
and small shareholders
Perform the commitment promptly
Yes
or not
If the commitments is not fulfilled
on time, shall explain the specify N/A
reason and the next work plan
14
深圳中恒华发股份有限公司 2016 年第三季度报告全文
IV. Estimation of operation performance for year of 2016
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
V. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
VI. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and interview in the report
period
√ Applicable □Not applicable
Date Method Type of investors Basic situation index of investigation
Operation situation of the Company,
1 July to 30 September 0f
Telephone communication Individual assets status and process of city update
2016
projects
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.
15
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by SHENZHEN ZHONGHENG HUAFA CO., LTD
2016-09-30
In RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 42,368,202.33 662,115,464.19
Settlement provisions
Capital lent
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes receivable 30,520,333.14 54,346,509.74
Accounts receivable 186,745,632.65 109,965,992.14
Accounts paid in advance 3,750,490.99 3,092,021.10
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable 1,838,752.40
Dividend receivable
Other receivables 22,705,383.18 9,411,791.40
Purchase restituted finance asset
Inventories 36,327,256.72 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 415,274,770.70 960,760,128.57
Non-current assets:
Loans and payments on behalf
16
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment property 29,100,234.91 30,019,906.66
Fixed assets 105,534,839.51 110,607,425.50
Construction in progress 654,356.00 654,356.00
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 45,251,669.45 46,372,390.49
Expense on Research and
Development
Goodwill
Long-term expenses to be
221,583.10 274,758.16
apportioned
Deferred income tax asset 8,694,221.49 6,400,271.29
Other non-current asset
Total non-current asset 189,456,904.46 194,329,108.10
Total assets 604,731,675.16 1,155,089,236.67
Current liabilities:
Short-term loans 161,192,303.22 119,479,107.41
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 14,320,045.41 53,614,420.20
Accounts payable 63,634,565.46 54,241,655.86
Accounts received in advance 2,444,670.02 1,147,469.52
Selling financial asset of
repurchase
Commission charge and
commission payable
17
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Wage payable 3,902,364.58 4,731,615.47
Taxes payable 17,041,783.56 20,498,295.88
Interest payable
Dividend payable
Other accounts payable 23,371,971.74 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 285,907,703.99 286,378,262.66
Non-current liabilities:
Long-term loans 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 2,604,411.81 557,304,411.81
Total liabilities 288,512,115.80 843,682,674.47
Owner’s equity:
Share capital 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 146,587,271.50 146,283,642.90
18
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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 -190,920,532.39 -195,429,900.95
Total owner’s equity attributable to
316,219,559.36 311,406,562.20
parent company
Minority interests
Total owner’s equity 316,219,559.36 311,406,562.20
Total liabilities and owner’s equity 604,731,675.16 1,155,089,236.67
Legal representative: Li Zhongqiu
Person in charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
2. Balance Sheet of parent company
In RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 21,140,096.03 524,937,734.32
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 5,588.32 1,005,472.83
Interest receivable
Dividends receivable
Other receivables 103,136,528.83 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 217,476,685.80 695,350,588.33
Non-current assets:
Available-for-sale financial assets
19
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Held-to-maturity investments
Long-term receivables
Long-term equity investments 186,608,900.00 186,608,900.00
Investment property 29,100,234.91 30,019,906.66
Fixed assets 4,190,345.52 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 5,024,782.83 5,133,492.12
Research and development costs
Goodwill
Long-term deferred expenses 204,166.60 241,666.63
Deferred income tax assets 9,498,845.74 7,204,895.54
Other non-current assets
Total non-current assets 235,281,631.60 234,589,251.93
Total assets 452,758,317.40 929,939,840.26
Current liabilities:
Short-term borrowings 119,900,000.00 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 2,431,047.00 735,382.00
Wage payable 840,445.22 788,575.28
Taxes payable 9,435,403.83 16,934,546.28
Interest payable
Dividend payable
Other accounts payable 16,969,133.35 26,415,353.86
Divided into liability held for sale
Non-current liabilities due within 1
year
20
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Other current liabilities
Total current liabilities 159,316,396.73 75,219,697.58
Non-current liabilities:
Long-term loans 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 2,604,411.81 557,304,411.81
Total liabilities 161,920,808.54 632,524,109.39
Owners’ equity:
Share capita 283,161,227.00 283,161,227.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 146,587,271.50 146,283,642.90
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus reserve 77,391,593.25 77,391,593.25
Retained profit -216,302,582.89 -209,420,732.28
Total owner’s equity 290,837,508.86 297,415,730.87
Total liabilities and owner’s equity 452,758,317.40 929,939,840.26
3. Consolidated Profit Statement (this report period)
In RMB
Item Current Period Last Period
21
深圳中恒华发股份有限公司 2016 年第三季度报告全文
I. Total operating income 147,394,897.89 140,688,910.96
Including: Operating income 147,394,897.89 140,688,910.96
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 151,575,227.83 149,315,806.90
Including: Operating cost 132,744,735.37 119,199,333.52
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 386,654.00 1,242,893.86
Sales expenses 2,606,106.05 2,490,619.26
Administration expenses 13,547,556.46 13,576,215.13
Financial expenses 2,290,175.95 12,806,745.13
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
13,333,333.37
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed with
-4,180,329.94 4,706,437.43
“-”)
Add: Non-operating income 569,981.70 1,899,133.76
Including: Disposal gains of
10.94 9,774.76
non-current asset
22
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Less: Non-operating expense 4,645.46 383.84
Including: Disposal loss of
2,641.30
non-current asset
IV. Total Profit (Loss is listed with “-”) -3,614,993.70 6,605,187.35
Less: Income tax expense -851,406.04 787,945.37
V. Net profit (Net loss is listed with “-”) -2,763,587.66 5,817,241.98
Net profit attributable to owner’s of
-2,763,587.66 5,817,241.98
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
3. Gains or losses arising
from reclassification of held-to-maturity
investment as available-for-sale financial
23
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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 -2,763,587.66 5,817,241.98
Total comprehensive income
-2,763,587.66 5,817,241.98
attributable to owners of parent Company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.0098 0.0205
(ii) Diluted earnings per share -0.0098 0.0205
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 charge of accounting works: Yang Bin
Person in charge of accounting institution: Wu Aijie
4. Profit Statement of parent company (this report period)
In RMB
Item Current Period Last Period
I. Operating income 4,129,711.91 14,889,810.19
Less: Operating cost 1,190,205.13 3,566,116.87
Operating tax and extras 280,928.53 906,526.38
Sales expenses
Administration expenses 7,102,730.11 8,513,341.41
Financial expenses 2,189,275.72 12,100,843.00
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is
13,333,333.37
listed with “-”)
Including: Investment income
24
深圳中恒华发股份有限公司 2016 年第三季度报告全文
on affiliated company and joint venture
II. Operating profit (Loss is listed
-6,633,427.58 3,136,315.90
with “-”)
Add: Non-operating income 315,130.00 183,848.00
Including: Disposal gains of
non-current asset
Less: Non-operating expense
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
-6,318,297.58 3,320,163.90
“-”)
Less: Income tax expense -1,579,574.39
IV. Net profit (Net loss is listed with
-4,738,723.19 3,320,163.90
“-”)
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
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
25
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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 -4,738,723.19 3,320,163.90
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated profit statement (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Total operating income 456,933,423.45 389,423,540.82
Including: Operating income 456,933,423.45 389,423,540.82
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 452,911,993.54 414,576,515.80
Including: Operating cost 397,033,133.61 326,662,858.89
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 2,543,023.16 4,920,188.37
Sales expenses 7,889,841.76 7,622,389.84
26
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Administration expenses 40,843,439.93 32,171,134.90
Financial expenses 4,602,555.08 43,199,943.80
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
42,833,976.84
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed with
4,021,429.91 17,681,001.86
“-”)
Add: Non-operating income 2,088,618.21 2,706,187.41
Including: Disposal gains of
116,017.95 9,774.76
non-current asset
Less: Non-operating expense 67,871.14 313,562.80
Including: Disposal loss of
21,565.30
non-current asset
IV. Total Profit (Loss is listed with “-”) 6,042,176.98 20,073,626.47
Less: Income tax expense 1,532,808.42 79,073.46
V. Net profit (Net loss is listed with “-”) 4,509,368.56 19,994,553.01
Net profit attributable to owner’s of
4,509,368.56 19,994,553.01
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
27
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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
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 4,509,368.56 19,994,553.01
Total comprehensive income
4,509,368.56 19,994,553.01
attributable to owners of parent Company
Total comprehensive income
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0159 0.0706
(ii) Diluted earnings per share 0.0159 0.0706
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
28
深圳中恒华发股份有限公司 2016 年第三季度报告全文
6. Profit Statement of parent company (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Operating income 25,180,025.56 41,050,984.15
Less: Operating cost 3,368,089.42 6,822,404.01
Operating tax and extras 1,378,881.37 2,561,910.04
Sales expenses
Administration expenses 22,536,060.96 17,731,451.25
Financial expenses 7,410,539.62 37,658,777.72
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is
42,833,333.35
listed with “-”)
Including: Investment income
on affiliated company and joint venture
II. Operating profit (Loss is listed
-9,513,545.81 19,109,774.48
with “-”)
Add: Non-operating income 356,669.00 341,154.00
Including: Disposal gains of
non-current asset
Less: Non-operating expense 18,924.00 1,717.45
Including: Disposal loss of
18,924.00
non-current asset
III. Total Profit (Loss is listed with
-9,175,800.81 19,449,211.03
“-”)
Less: Income tax expense -2,293,950.20
IV. Net profit (Net loss is listed with
-6,881,850.61 19,449,211.03
“-”)
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
29
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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
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 -6,881,850.61 19,449,211.03
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
7. Consolidated Cash Flow Statement (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 256,769,466.47 287,471,957.64
services
30
深圳中恒华发股份有限公司 2016 年第三季度报告全文
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
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
7,503,048.25 104,728,770.98
operating activities
Subtotal of cash inflow arising from
264,272,514.72 392,200,728.62
operating activities
Cash paid for purchasing
commodities and receiving labor 230,473,778.87 259,502,535.91
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
31
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Cash paid to/for staff and workers 46,933,579.88 46,694,148.75
Taxes paid 18,097,957.58 15,916,710.01
Other cash paid concerning
39,836,581.63 22,027,295.69
operating activities
Subtotal of cash outflow arising from
335,341,897.96 344,140,690.36
operating activities
Net cash flows arising from operating
-71,069,383.24 48,060,038.26
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
500,000,000.00
investment
Cash received from investment
42,833,333.35
income
Net cash received from disposal of
fixed, intangible and other long-term 202,772.00 20,000.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
202,772.00 542,853,333.35
activities
Cash paid for purchasing fixed,
4,739,000.50 14,542,977.61
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
500,099,356.51
investing activities
Subtotal of cash outflow from investing
4,739,000.50 514,642,334.12
activities
Net cash flows arising from investing
-4,536,228.50 28,210,999.23
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
32
深圳中恒华发股份有限公司 2016 年第三季度报告全文
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 183,246,761.70 273,598,564.67
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
183,246,761.70 273,598,564.67
activities
Cash paid for settling debts 696,946,397.73 303,673,954.40
Cash paid for dividend and profit
7,028,536.77 39,318,168.08
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
2,185,000.00
financing activities
Subtotal of cash outflow from financing
706,159,934.50 342,992,122.48
activities
Net cash flows arising from financing
-522,913,172.80 -69,393,557.81
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -384,943.38 31,906.89
exchange rate
V. Net increase of cash and cash
-598,903,727.92 6,909,386.57
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
33,943,228.24 29,301,533.69
equivalents at the period -end
8. Cash Flow Statement of parent company (from year-begin to end of this period)
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling 17,894,121.27 46,388,625.03
33
深圳中恒华发股份有限公司 2016 年第三季度报告全文
commodities and providing labor
services
Write-back of tax received
Other cash received concerning
54,707,013.66 29,730,709.64
operating activities
Subtotal of cash inflow arising from
72,601,134.93 76,119,334.67
operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 3,852,201.06 4,384,404.98
Taxes paid 11,130,687.76 4,846,872.57
Other cash paid concerning
96,793,074.16 54,909,468.68
operating activities
Subtotal of cash outflow arising from
111,775,962.98 64,140,746.23
operating activities
Net cash flows arising from operating
-39,174,828.05 11,978,588.44
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
500,000,000.00
investment
Cash received from investment
42,833,333.35
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
investing activities
Subtotal of cash inflow from investing
576.00 542,833,333.35
activities
Cash paid for purchasing fixed,
2,770,892.00 29,899.00
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units
34
深圳中恒华发股份有限公司 2016 年第三季度报告全文
Other cash paid concerning
500,000,000.00
investing activities
Subtotal of cash outflow from investing
2,770,892.00 500,029,899.00
activities
Net cash flows arising from investing
-2,770,316.00 42,803,434.35
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans 115,000,000.00 14,700,000.00
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
115,000,000.00 14,700,000.00
activities
Cash paid for settling debts 569,400,000.00 37,800,000.00
Cash paid for dividend and profit
5,492,585.19 35,196,829.31
distributing or interest paying
Other cash paid concerning
1,960,000.00
financing activities
Subtotal of cash outflow from financing
576,852,585.19 72,996,829.31
activities
Net cash flows arising from financing
-461,852,585.19 -58,296,829.31
activities
IV. Influence on cash and cash
equivalents due to fluctuation in 90.95 11,437.57
exchange rate
V. Net increase of cash and cash
-503,797,638.29 -3,503,368.95
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
21,140,096.03 11,298,889.64
equivalents at the period -end
II. Audit Report
Whether the third quarter report was audited or not
□Yes √No
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深圳中恒华发股份有限公司 2016 年第三季度报告全文
The third quarter report of the Company has not been audited.
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